Document:

Exhibit 4.1

Exhibit 4.1

  As approved by shareholders at an Annual General Meeting held September 23, 2014

   

  STOCK OPTION PLAN

  Pacific Therapeutics Ltd. (the "Corporation") hereby establishes the stock option plan to be known as the 2012 Pacific Therapeutics Stock Option Plan as amended from time to time (the “Plan). The purpose of the plan is to advance the interests of the Corporation by providing additional incentive for performance by employees, officers, directors and Service Providers of the Corporation and its Subsidiaries and to enable the Corporation and its Subsidiaries to attract and retain employees, officers, directors and service providers.

  The terms of the Plan are as follows:

  1. DEFINITIONS

  1.1 Definitions In this Plan, the following terms shall have the following meanings, unless otherwise indicated:

  		a)      	“Associates” shall have the same meaning as is assigned to that term in the Securities Act (Ontario) as amended or re-enacted from time to time.

			 

		b)      	"Board" means (i) the board of directors of the Corporation, or (ii) if the board of directors delegates the powers and responsibilities of the board of directors under this Plan to a compensation committee, that committee.

			 

		c)      	"Controlling Shareholder" means the individual who controls a personal holding company which is granted Options.

			 

  		d)      	"Eligible Person" means (i) an employee, officer, director or service provider of the Corporation or its Subsidiaries, or the estate of that individual, (ii) any personal holding company controlled by an employee, officer, director or service provider of the Corporation or its Subsidiaries, (iii) an RRSP or RRIF established by or for an employee, officer, director or service provider of the Corporation or under which any employee, officer, director or service provider of the Corporation is a beneficiary, or (iv) a partnership of which a service provider of the Corporation is an employee or partner. Absence on approved leave shall not be considered an interruption of employment for any purpose of this Plan.

			 

		e)      	"For Cause" means the termination of a Participant, or a Participant's Controlling Shareholder, as an employee, officer, director or Service Provider of the Corporation or a Subsidiary for any reason which at law, or under the terms of the contract with that individual, allows for termination without notice or compensation in lieu of notice.

			 

  		f)      	“Market” means the Canadian National Stock Exchange so long as the Shares are quoted on that Exchange. If the Shares are listed on another stock exchange, the Market shall be that stock exchange.

			 

		g)      	"Option" means an option to purchase Shares granted under this Plan.

			 

		h)      	"Participant" means an individual or company to whom an Option has been granted.

			 

		i)      	“Related Person” means a director or senior officer of the Corporation or an associate of a director or senior officer of the Corporation (and for this purpose the term “senior officer” shall have the same meaning as is assigned to that term in the Securities Act (Ontario) as amended or re-enacted from time to time).

			 

  As approved by shareholders at an Annual General Meeting held September 23, 2014

  		j)      	"Service Provider" means an individual, other than an employee, officer or director of the Corporation, that (i) is engaged to provide on a bona fide basis consulting, technical, management or other services to the issuer or to Subsidiary under a written contract between the issuer or the Subsidiary entity and the individual or a company of which that individual is an employee or shareholder or a partnership of which that the individual is an employee or partner, and (ii) in the reasonable opinion of the Corporation, spends or will spend a significant amount of time and attention on the affairs and business of the Corporation or Subsidiary. 

		 	  

  		k)      	"Shares" means (i) common shares in the capital of the Corporation, or (ii) if there is an adjustment under Article 5, such other shares or securities to which a Participant may be entitled upon the exercise of an Option as a result of such adjustment.

			 

		l)      	"Subsidiary" means a subsidiary of the Corporation, as the term "subsidiary" is defined in the Business Corporations Act (British Columbia), as it may be amended.

  1.2 Control Defined For the purpose of this Plan, a corporation shall be deemed to be controlled by an individual if voting securities of the Corporation are held, otherwise than by way of security only, by or for the benefit of that individual and the votes carried by such securities are sufficient to elect a majority of the board of directors of the corporation.

  1.3 Interpretation Words importing the singular number only shall include the plural and vice versa; words importing the use of any gender shall include all genders. The headings in this document are for convenience of reference and do not affect the construction or interpretation of this Plan.

  2. GRANT OF OPTIONS

  2.1 Granting Options The Board may at any time, and from time to time, grant Options to one or more Eligible Persons. In granting Options, the Board shall specify:

  		a)      	the number of Shares which may be purchased under the Option;

		 	

		b)      	the price or prices at which Shares may be purchased under the Option;

		 	

		c)      	the term of the Option, or the expiry date of the Option;

		 	

		d)      	if the Board so decides, the condition or conditions which must be satisfied prior to the Option becoming exercisable; and

		 	

		e)      	such other terms and conditions which the Board may wish to include in the Option and which are not inconsistent with the terms of this Plan. Options may be granted at or in anticipation of the time a Participant becomes an Eligible Person, or at any other time the Board deems appropriate.

  2.2 Exercise Price At the time of grant of an Option, the Board shall fix the exercise price of the Option (the “Exercise Price”), which shall not be less than the greater of the closing market price of the shares on (a) the trading day immediately prior to the date of grant of the Options; and (b) the date of grant of the Options as permitted by the rules of the CNSX

  2.3 Exercise of the Option Subject to the provisions of this Plan and the Option, an Option may be exercised in whole or, from time to time, in part by delivery to the Corporation of (a) a written notice of exercise specifying the number of Shares with respect to which the Option is being exercised, and (b) payment of the Exercise Price of the Shares being purchased.

  2.4 Compliance with Securities Requirements Notwithstanding any other provision of this Plan or any Option, the Corporation's obligation to issue Shares to a Participant pursuant to the exercise of an Option shall be subject to:

  As approved by shareholders at an Annual General Meeting held September 23, 2014

  		a)      	the Corporation obtaining such approvals, registrations and qualifications as the Corporation determines to be necessary or advisable for the issuance of the Shares in compliance with applicable securities laws or the rules of any stock exchange (or quotation system) on which the class of Shares is then listed (or quoted); and

			 

		b)      	the receipt from the Participant of such representations, agreements and undertakings, including as to future dealings in the Shares, as the Corporation determines to be necessary or advisable in order to safeguard against the violation of the securities laws of any jurisdiction.

  No Option shall be granted and no Shares shall be issued under this Plan where such grant or issue would require registration of the Plan or the Shares under the securities laws of any jurisdiction other than the Province of BC and any purported grant of any Option or issuance of Shares in violation of this provision shall be void.

  2.5 Share Certificates Share certificates shall be delivered to a Participant as soon as is reasonable following the issuance of Shares to that Participant under this Plan.

  3. MAXIMUM SHARES UNDER OPTION

  3.1 Plan Maximum Subject to regulatory approval, the maximum number of the Issuer’s Shares reserved for issuance pursuant to Options granted under the Plan will, at any time, be no more than 10% of the number of Shares then outstanding.

  The Company wishes to set its 2012 rolling stock option plan (the “Plan”), authorizing the issuance of incentive stock options to directors, officers, employees and consultants up to an aggregate of 10% of the issued shares from time to time. There are currently 20,989,157 Shares issued and outstanding and therefore the current 10% threshold is 2,098.915 shares under the Plan. Notwithstanding the foregoing, the Plan Maximum shall be adjusted in accordance with the operation of Article 5, any Shares subject to an Option which is cancelled or terminated without having been exercised shall again be available to be granted under this Plan.

  3.2 Individual Maximum The maximum number of Shares which may be reserved for issuance under this Plan to anyone person and that person's associates shall be 5% of the Shares outstanding at the time of the grant of an Option less the aggregate number of Shares reserved for issuance to such person and that person’s associate under any other option to purchase Shares from treasury granted as compensation or an incentive. An Option shall not be granted to any person if the number of Shares which would thereafter be reserved for issuance to that person and that person’s associates under this Plan, together with all Shares issued to that person or that person’s associates under all of the Corporation’s other compensation or incentive arrangements or plans providing for such compensation or incentive arrangements, could result at any time in the issuance to that person and that person’s associates, within a 12 month period, of a number of Shares exceeding 5% of the outstanding Shares of the Corporation. For the purpose of this paragraph, the outstanding shares of the Corporation shall not include Shares issued as compensation or an incentive to any officer or director of the Corporation or an affiliated entity (as that term is defined in Rule 45-503 of the Ontario Securities Commission) during the 12 months preceding the date on which the determination is being made.

  4. TERMINATION OF OPTION

  4.1 Termination of Options Every Option, to the extent not validly exercised, shall terminate at 5:00 p.m.

  (Vancouver time) on the earlier of the following dates:

  		a)      	the last day on which the Option, by its terms, may be exercised;

			 

		b)      	180 days after the death of the Participant or the Participant's Controlling Shareholder;

			 

		c)      	90 days after the Participant or the Participant's Controlling Shareholder is terminated as an employee, officer, director or service provider of the Corporation by reason of permanent disability or retirement under any retirement plan of the Corporation or any Subsidiary;

			 

  As approved by shareholders at an Annual General Meeting held September 23, 2014

  		d)      	immediately upon the termination For Cause, or resignation, of the Participant or the Participant's Controlling Shareholder as an employee, officer, director or service provider of the Corporation or a Subsidiary; and

		 	

		e)      	90 days after the Participant or the Participant's Controlling Shareholder ceases to be an employee, officer, director or service provider of the Corporation for any reason other than those referred to above. Without limitation, this provision will apply upon the termination not For Cause of the Participant or the Participant's Controlling Shareholder as an employee, officer, director or service provider of the Corporation (regardless of whether the Participant or the Participant's Controlling Shareholder is entitled to more than 90 days notice of termination).

  4.2 Unexercised Rights If an Option is terminated, any unexercised rights to acquire Shares under that Option shall terminate and be of no further force or effect.

  5. ADJUSTMENTS

  5.1 Adjustments to Shares If, while an Option is outstanding, any of the following events (an "Adjusting Event") shall occur:

  		a)      	a subdivision of the Shares into a greater number of Shares,

			 

		b)      	a consolidation of the Shares into a lesser number of Shares,

			 

		c)      	a reclassification or change of the Shares,

			 

		d)      	a capital reorganization of the Corporation not otherwise covered in this section, or

			 

		e)      	a consolidation, amalgamation or merger of the Corporation with or into any other entity,

  then the number and type of securities to be issued to the Participant upon exercise of the Option shall be adjusted so that the Participant shall receive the same number and type of securities as the Participant would have received as a result of the Adjusting Event if the portion of the Option so exercised had been exercised before the Adjusting Event. The adjustments provided for in this section shall be cumulative. The Corporation shall not be obligated to issue fractional shares in satisfaction of any of its obligations under this section.

  5.2 Rights Offerings If the Corporation grants its shareholders the right to subscribe for or purchase additional securities of the Corporation or of any other corporation or entity, there shall be no adjustment made to any Option in consequence thereof.

  5.3 Dividends in Specie If the Corporation pays a dividend in securities of the Corporation or of any other corporation or entity, there shall be no adjustment made to any Option in consequence thereof.

  6. OTHER TERMS

  6.1 General The following is included in the Corporation’s incentive stock option plan:

  		(i)      	An Option is personal to the Participant and may not be assigned or transferred, except to the estate of the Participant upon the Participant's death;

			 

		(ii)      	An Option can be exercisable for a maximum of five years from the date of grant;

			 

		(iii)      	No more than 5% of the issued shares of the Corporation may be granted to any one individual in any 12 month period;

			 

  As approved by shareholders at an Annual General Meeting held September 23, 2014

  		(iv)      	the issuance of Shares to insiders pursuant to the Plan within a 12 month period may not exceed 10% of the outstanding Shares;

			 

		(v)      	the issuance of Shares to any one Consultant (as such term is defined in the Canadian Securities Exchange Corporate Finance Manual) pursuant to the Plan within a one year period may not exceed 2% of the outstanding Shares.

			 

		(vi)      	The terms of the Option may not be amended once issued; and

			 

		(vii)      	For stock options granted to Employees, Consultants or Management Company Employees, the Corporation represents that the Optionee is a bona fide Employee, Consultant or Management Company Employee, as the case may be.

			 

		(viii)      	Options granted to any Optionee who is a Director, Employee, Consultant or Management Company Employee must expire within 90 days after the Optionee ceases to be in at least one of those categories; and

			 

		(ix)      	Options granted to an Optionee who is engaged in Investor Relations Activities must expire within 30 days after the Optionee ceases to be employed to provide Investor Relations Activities.

  6.2 Disinterested Shareholders The Corporation must obtain disinterested Shareholder approval of stock options if a stock option plan, together with all of the Issuer’s previously established and outstanding stock option plans or grants, could result at any time in:

  		a)      	the number of shares reserved for issuance under stock options granted to Insiders exceeding 10% of the issued shares; and

			 

		b)      	the grant to Insiders, within a 12 month period, of a number of options exceeding 10% of the issued shares.

  6.3 Employment Nothing in this Plan or any Option shall (a) confer upon any Participant any right to continue in the employ of the Corporation or any Subsidiary, or (b) affect in any way the right of the Corporation or any such Subsidiary to terminate a Participant's employment at any time.

  6.4 Shareholder Rights A Participant shall have no rights whatsoever as a shareholder in respect of any of the Shares which may be purchased under an Option until the Shares have been issued.

  6.5 Notice Any notice or other communication required or permitted to be given under this Plan or any Option (a "Notice") shall be in writing and may be made or given by registered mail, personal delivery, courier, or transmittal by telecopy, addressed as follows:

  		a)      	in the case of the Corporation, to the attention of the Secretary of the Corporation at the principal business office of the Corporation, and

			 

		b)      	in the case of a Participant, to the last address of the Participant known to the Corporation. Any Notice given by mail or personal delivery or courier shall be deemed to have been given and received on the date of actual delivery, and any Notice given by telecopy shall be deemed to have been given and received on the first business day following the transmittal thereof. For the purpose of this section, a business day means a day, other than a Saturday or Sunday, which is generally a business day for chartered banks in the municipality in which the principal business office of the Corporation is located.

  6.6 Governing Law This Plan shall be governed by, administered and construed in accordance with the laws of the Province of British Columbia.

  7. ADMINISTRATION

  As approved by shareholders at an Annual General Meeting held September 23, 2014

  7.1 Administration This Plan shall be administered by the Board. The Board shall have full and final discretion to interpret the provisions of this Plan, and to amend, rescind and waive provisions of this Plan. The Board shall be entitled to prescribe rules and regulations concerning the administration of this Plan, and to amend, rescind, and waive those rules and regulations. All decisions, interpretations, rules and regulations made by the Board shall be binding and conclusive on the Participants and the Corporation.

  7.2 Delegation to a Committee The Board shall be entitled to delegate the administration of this Plan, and the powers and responsibilities of the Board under this Plan, to a Compensation and Governance committee of the Board.

  7.3 Amendment or Termination of this Plan From time to time, the Board may amend, delete or waive any provision or provisions of this Plan. The Board may terminate this Plan at any time. The effect of the termination of this Plan shall be that no further Options may be issued under this Plan after such termination, but the termination of this Plan shall not result in the termination of any outstanding Options. No amendment shall be effective to the extent that it adversely affects any Option granted prior to the date of that amendment.

  7.4 Form of Documents The Board may from time to time prescribe the form of the documents to be used in connection with the grant and exercise of Options and the administration of this Plan.

  7.5 Plan Approvals This Plan shall not become effective until (i) all approvals have been received as required from the Canadian National Stock Exchange, and (ii) the shareholders of the Corporation have approved the Plan. The Board of Directors may grant Options under this Plan prior to the satisfaction of the conditions set out in this section, provided that such Options shall not become exercisable until the conditions set out in this section have been satisfied.EX-10.1

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 Exhibit 10.1 
  

FORM OF 
 CONTRIBUTION,
CONVEYANCE AND ASSUMPTION AGREEMENT 
 by and among 

HOWARD MIDSTREAM ENERGY PARTNERS, LLC 

PIP5 SKYLINE, LLC 

HOWARD MIDSTREAM GP, LLC 

HOWARD MIDSTREAM PARTNERS, LP 

HOWARD MIDSTREAM OPERATING, LLC 

HOWARD MIDSTREAM OPCO GP, LLC 

and 
 HOWARD MIDSTREAM OPCO, LP

 dated as of 

[●], 2017 
  

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 TABLE OF CONTENTS 

 

							
	 	 	  	  	Page	 
	 ARTICLE I DEFINITIONS
	  	 	2	 
			
	 1.1
	 	Defined Terms	  	 	2	 
	 1.2
	 	References and Rules of Construction	  	 	2	 
		
	 ARTICLE II CONTRIBUTIONS, ACKNOWLEDGMENTS AND DISTRIBUTIONS
	  	 	3	 
			
	 2.1
	 	Execution of the Partnership Agreement	  	 	3	 
	 2.2
	 	Contribution of the Operating Interests	  	 	3	 
	 2.3
	 	Issuance of Incentive Distribution Rights to the General Partner 	  	 	4	 
	 2.4
	 	Contribution of the Contributed Interests to the Partnership	  	 	4	 
	 2.5
	 	Redemption of AIMCo’s Series B Preferred Units	  	 	4	 
	 2.6
	 	Public Cash Contribution and Purchase	  	 	4	 
	 2.7
	 	Payment of Transaction Expenses by the Partnership	  	 	5	 
	 2.8
	 	Use of Proceeds	  	 	5	 
	 2.9
	 	Conveyance of the Contributed Interests to the Operating Company	  	 	5	 
	 2.10
	 	Execution of the OpCo LP Agreement	  	 	5	 
	 2.11
	 	Redemption of the Initial LP Interest from the Partnership and Return of Initial Capital Contribution	  	 	5	 
		
	 ARTICLE III EXERCISE OF OVER-ALLOTMENT OPTION
	  	 	5	 
			
	 3.1
	 	Exercise of Over-Allotment Option in Whole	  	 	5	 
	 3.2
	 	Exercise of Over-Allotment Option in Part	  	 	6	 
	 3.3
	 	Deferred Issuance to HEP	  	 	6	 
		
	 ARTICLE IV FURTHER ASSURANCES
	  	 	6	 
		
	 ARTICLE V ORDER OF COMPLETION AND EFFECTIVENESS OF TRANSACTIONS
	  	 	6	 
			
	 5.1
	 	Order of Completion of Transactions	  	 	6	 
	 5.2
	 	Effectiveness of Transactions	  	 	7	 
		
	 ARTICLE VI MISCELLANEOUS
	  	 	7	 
			
	 6.1
	 	Taxes; Costs	  	 	7	 
	 6.2
	 	Assignment; Binding Effect	  	 	7	 
	 6.3
	 	No Third Party Rights	  	 	7	 
	 6.4
	 	Entire Agreement	  	 	7	 
	 6.5
	 	Amendment	  	 	7	 
	 6.6
	 	Applicable Law	  	 	7	 
	 6.7
	 	Parties in Interest	  	 	8	 
	 6.8
	 	Preparation of Agreement	  	 	8	 

  
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	 6.9
	 	Severability	  	 	8	 
	 6.10
	 	Counterparts	  	 	8	 
	 6.11
	 	Deed; Bill of Sale; Assignment	  	 	8	 
			
	 APPENDIX
	 		  			
			
	 Appendix I
	 	Definitions	  			

  
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 CONTRIBUTION, CONVEYANCE AND ASSUMPTION AGREEMENT 

This CONTRIBUTION, CONVEYANCE AND ASSUMPTION AGREEMENT, dated as of [●], 2017 (as may be amended, supplemented or restated from time to
time, this “Agreement”), is by and among HOWARD MIDSTREAM ENERGY PARTNERS, LLC, a Delaware limited liability company (“HEP”), PIP5 SKYLINE, LLC, a Delaware limited liability company
(“AIMCo”), HOWARD MIDSTREAM GP, LLC, a Delaware limited liability company (the “General Partner”), HOWARD MIDSTREAM PARTNERS, LP, a Delaware limited partnership (the
“Partnership”), HOWARD MIDSTREAM OPERATING, LLC, a Delaware limited liability company (the “Operating Company”), HOWARD MIDSTREAM OPCO GP, LLC, a Delaware limited liability company
(“OpCo GP”), and HOWARD MIDSTREAM OPCO, LP, a Delaware limited partnership (“OpCo LP”) (each, a “Party” and, collectively, the “Parties”). 

RECITALS 
 WHEREAS,
the General Partner and HEP formed the Partnership pursuant to the Delaware Revised Uniform Limited Partnership Act (as amended from time to time, the “DRULPA”) to engage in any business activity that is approved by the
General Partner and that lawfully may be conducted by a limited partnership organized under the DRULPA, all as more fully described in the Prospectus (as defined herein); 

WHEREAS, in connection with the closing of the Offering (as defined herein), HEP desires to contribute, assign, transfer and deliver to
the Partnership, and the Partnership desires to acquire from HEP, (i) 100% of the limited liability company interests in OpCo GP (the “OpCo GP Interests”), (ii) [●]% of the limited partner interests in OpCo LP (together
with the OpCo GP Interests, the “Contributed Interests”) and (iii) $[●] million, and, in exchange, the Partnership desires to issue to HEP the interests set forth in Section 2.4 and assume in
full the $[●] million outstanding balance of the Term Loan; 
 WHEREAS, HEP desires to transfer to AIMCo the number of Common
Units (as defined herein) set forth in Section 2.5 in partial redemption of the Series B Preferred Interests (as defined herein) in HEP held by AIMCo, and, upon receipt of such Common Units, AIMCo desires to sell [●]
Common Units representing an approximate [●]% limited partner interest in the Partnership to the public, through the Underwriters, as part of the Offering; 

WHEREAS, in order to accomplish the objectives and purposes in the preceding recitals, each of the following actions has been taken
prior to the date hereof: 
 1. On November 2, 2016, HEP formed the General Partner under the Delaware Limited Liability Company Act
(the “Delaware LLC Act”) and contributed $1,000 in exchange for 100% of the limited liability company interests in the General Partner; 

2. On November 2, 2016, HEP, as the organizational limited partner, and the General Partner, as the general partner, formed the
Partnership under the DRULPA, HEP contributed $2,000 in exchange for 100% of the limited partner interests (the “Initial LP Interest”) in the Partnership and the General Partner received a
non-economic general partner interest in the Partnership; 

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 3. On [●], 2017, the Partnership formed the Operating Company under the Delaware LLC Act
and contributed $1,000 in exchange for 100% of the limited liability company interests in the Operating Company; 
 4. On [●], 2017,
HEP formed OpCo GP under the Delaware LLC Act and contributed $1,000 in exchange for the OpCo GP Interests; and 
 5. On [●], 2017,
HEP, as the organizational limited partner, and OpCo GP, as the general partner, formed OpCo LP under the DRULPA, HEP contributed $1,000 in exchange for 100% of the limited partner interests in OpCo LP and OpCo GP received a non-economic general partner interest in OpCo LP. 
 WHEREAS, concurrently with the consummation of
the transactions contemplated hereby, each of the matters provided for in Article II will occur in accordance with its respective terms; 

WHEREAS, each of the matters provided for in Article III will occur in accordance with its respective terms; and 

WHEREAS, the respective Parties have taken or caused to be taken all limited liability company and partnership action, as the case may
be, required to approve the transactions contemplated by this Agreement. 
 NOW, THEREFORE, in consideration of the premises and the
covenants, conditions and agreements contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereby agree as follows: 

ARTICLE I 

DEFINITIONS 
 As used in
this Agreement, the following terms shall have the meanings set forth below: 
 1.1 Defined
Terms. For purposes hereof, the capitalized terms used herein and not otherwise defined have the meanings set forth in Appendix I. 

1.2 References and Rules of Construction. All references in this Agreement to Appendices,
Articles, Sections, subsections and other subdivisions refer to the corresponding Appendices, Articles, Sections, subsections and other subdivisions of or to this Agreement unless expressly provided otherwise. Titles appearing at the beginning of
any Appendices, Articles, Sections, subsections and other subdivisions of this Agreement are for convenience only, do not constitute any part of this Agreement and shall be disregarded in construing the language hereof. The words “this
Agreement,” “herein,” “hereby,” “hereunder” and “hereof,” and words of similar import, refer to this Agreement as a whole and not to any particular Appendix, Article, Section, subsection or other
subdivision unless expressly so limited. The word “including” (in its various forms) means “including without limitation.” All references to “$” or “dollars” shall be deemed references to United States
dollars. Each accounting term not defined herein will have the meaning given to it under generally accepted accounting principles in the United States (“GAAP”). Pronouns in masculine, feminine or neuter genders shall be
construed to state and 

  
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include any other gender, and words, terms and titles (including terms defined herein) in the singular form shall be construed to include the plural and vice versa, unless the context otherwise
requires. References to any Law mean such Law as it may be amended from time to time. 
 ARTICLE II

 CONTRIBUTIONS, ACKNOWLEDGMENTS AND DISTRIBUTIONS 

Each of the following transactions set forth in this Article II shall be completed in the order set forth herein, subject to, and in
accordance with, the provisions of Article V: 
 2.1 Execution of the Partnership
Agreement. The General Partner and HEP, as the organizational limited partner, shall amend and restate the Original Partnership Agreement by executing and delivering the Partnership Agreement, with such changes as the General Partner and HEP
may agree. 
 2.2 Contribution of the Operating Interests. HEP hereby grants, contributes,
bargains, conveys, assigns, transfers, sets over and delivers to OpCo LP (i) its 100% equity interests in (A) Howard Marketing LLC (“Howard Marketing”), (B) Texas Pipeline Processing, LLC (“Texas
Processing”), (C) Texas Pipeline LLC (“Texas LLC”), (D) Texas Pipeline Webb County Rich System, LLC (“Texas Rich”), (E) HEP Pennsylvania Gathering, LLC (“HEP
Gathering”), (F) Texas Pipeline Webb County Lean System, LLC (“Texas Lean”), (G) Maverick Terminals, LLC (“Maverick”) and (H) HEP Tioga Gathering, LLC
(“Tioga”), (ii) its 50% equity interest in Texas Gas Marketing LLC (“Texas Gas”), (iii) its [●]% equity interest in Live Oak Midstream Partners, LLC (“LOMP”) and
(iv) its [●]% equity interest in Live Oak Rail Partners, LLC (“LORP” and, together with Howard Marketing, Texas Processing, Texas LLC, Texas Rich, HEP Gathering, Texas Lean, Maverick, Tioga, Texas Gas and LOMP, the
“Operating Subsidiaries”) as a capital contribution. Notwithstanding anything in the (i) Limited Liability Company Agreement of Howard Marketing, dated effective as of May 22, 2013 (the “Howard Marketing
Agreement”), (ii) Limited Liability Company Agreement of Texas Processing, dated effective as of July 26, 2012 (the “Texas Processing Agreement”), (iii) Amended and Restated Limited Liability Company
Agreement of Texas LLC, dated effective as of June 22, 2011 (the “Texas LLC Agreement”), (iv) Limited Liability Company Agreement of Texas Rich, dated effective as of March 5, 2012 (the “Texas Rich
Agreement”), (v) Limited Liability Company Agreement of HEP Gathering, dated effective as of December 11, 2014 (the “HEP Gathering Agreement”), (vi) Amended and Restated Limited Liability
Company Agreement of Texas Lean, dated effective as of April 5, 2012 (the “Texas Lean Agreement”), (vii) Amended and Restated Limited Liability Company Agreement of Maverick, dated effective as of May 23, 2013
(the “Maverick Agreement”), and (viii) Limited Liability Company Agreement of Tioga, dated effective April 22, 2015 (the “Tioga Agreement”), to the contrary, as applicable, pursuant to this
Agreement, OpCo LP is hereby admitted as a member of each of Howard Marketing, Texas Processing, Texas LLC, Texas Rich, HEP Gathering, Texas Lean, Maverick and Tioga, and agrees that it is bound by each of the Howard Marketing Agreement, Texas
Processing Agreement, Texas LLC 

  
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Agreement, Texas Rich Agreement, HEP Gathering Agreement, Texas Lean Agreement, Maverick Agreement and Tioga Agreement as the sole member of Howard Marketing, Texas Processing, Texas LLC, Texas
Rich, HEP Gathering, Texas Lean, Maverick and Tioga, respectively. In accordance with the provisions of (i) the Second Amended and Restated Limited Liability Company Agreement of Texas Gas, dated as of July 25, 2013 (the “Texas Gas
Agreement”), (ii) the Amended and Restated Limited Liability Company Agreement of LOMP, dated as of August 1, 2014 (the “LOMP Agreement”), and (iii) the Amended and Restated Limited Liability Company
Agreement of LORP, dated effective as of December 21, 2012 (the “LORP Agreement”), effective at the time of, and in the order of events set forth within, this Agreement, OpCo LP is being admitted as a member of Texas
Gas, LOMP and LORP and OpCo LP has agreed to, and hereby confirms its agreement to, be bound by the Texas Gas Agreement, the LOMP Agreement and the LORP Agreement. HEP hereby ceases to be a member of each Operating Subsidiary immediately following
OpCo LP’s admission to each as described in this Section 2.2 and each Operating Subsidiary hereby continues without dissolution. 

2.3 Issuance of Incentive Distribution Rights to the General Partner. The Partnership hereby
issues to the General Partner, and the General Partner hereby accepts, 100% of the Partnership’s Incentive Distribution Rights. 
 2.4
Contribution of the Contributed Interests to the Partnership. Notwithstanding anything to the contrary in the Limited Liability Company Agreement of OpCo GP, dated as of [●], 2017 (the
“OpCo GP Agreement”) or the Original OpCo GP Agreement, HEP hereby grants, contributes, bargains, conveys, assigns, transfers, sets over and delivers to the Partnership all right, title and interest in and to the Contributed
Interests and $[●] million in cash, as a capital contribution, in exchange for (a) [●] Common Units representing an approximate [●]% limited partner interest in the Partnership (based on an aggregate of [●] Common Units and
Subordinated Units to be outstanding after the completion of the Offering), (b) [●] Subordinated Units representing a 50.0% limited partner interest in the Partnership (based on an aggregate of [●] Common Units and Subordinated Units to
be outstanding after the completion of the Offering) and (c) the Partnership’s assumption of the outstanding balance of $[●] million under the Term Loan. Notwithstanding anything to the contrary in the OpCo GP Agreement or the
Original OpCo LP Agreement, the Partnership is hereby admitted as a limited partner of OpCo LP and a member of OpCo GP, the Partnership agrees to be bound by the OpCo GP Agreement and the Original OpCo LP Agreement, HEP ceases to be a member of OpCo
GP and OpCo GP and OpCo LP are continued without dissolution. 
 2.5 Redemption of
AIMCo’s Series B Preferred Units. HEP shall transfer [●] Common Units (the “AIMCo Common Units”) representing an approximate [●]% limited partner interest in the
Partnership (based on an aggregate of [●] Common Units and Subordinated Units to be outstanding after the completion of the Offering) to AIMCo to redeem [●] Series B Preferred Units in HEP owned by AIMCo. 

2.6 Public Cash Contribution and Purchase. The Parties acknowledge that, in connection with the
Offering, public investors, through the Underwriters, have (i) purchased from AIMCo [●] of the AIMCo Common Units for $[●] in cash and (ii) made a capital contribution to the Partnership of $[●] in cash in exchange for
[●] Common Units which, 

  
 4 

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together with the AIMCo Common Units, represent an approximate [●]% limited partner interest in the Partnership (based on an aggregate of [●] Common Units and Subordinated Units to be
outstanding after the completion of the Offering), and such public investors are being admitted to the Partnership as limited partners in connection therewith. 

2.7 Payment of Transaction Expenses by the Partnership. In connection with the closing of the
Offering, the Partnership will pay (a) transaction expenses in the amount of approximately $[●] million, excluding the underwriting discount of approximately $[●] million in the aggregate from the sale of the Firm Units, and
(b) an aggregate structuring fee equal to [●]% of the gross proceeds of the Offering payable to Barclays Capital Inc. and a structuring fee equal to $[●] payable to Tudor, Pickering, Holt & Co. Securities, Inc. (together,
the “Structuring Fee”). 
 2.8 Use of Proceeds. The Partnership shall
repay the outstanding balance of $[●] million under the Term Loan assumed by the Partnership as set forth in Section 2.4. 

2.9 Conveyance of the Contributed Interests to the Operating Company. Notwithstanding anything
to the contrary in the OpCo GP Agreement or the OpCo LP Agreement, the Partnership hereby grants, contributes, bargains, conveys, assigns, transfers, sets over and delivers to the Operating Company all right, title and interest in and to all of the
Contributed Interests, as a capital contribution. Notwithstanding anything in OpCo GP Agreement, to the contrary, pursuant to this Agreement, (i) the Operating Company is hereby admitted as a member of OpCo GP and agrees that it is bound by the
OpCo GP Agreement as the sole member of OpCo GP, (ii) the Partnership hereby ceases to be a member of OpCo GP immediately following the Operating Company’s admission as a member of OpCo GP as described in (i), and (iii) OpCo GP hereby
continues without dissolution with the Operating Company as its sole member. Notwithstanding anything in the OpCo LP Agreement to the contrary, pursuant to this Agreement, (i) the Operating Company is hereby admitted as a limited partner of
OpCo LP and agrees that it is bound by the OpCo LP Agreement, (ii) the Partnership hereby ceases to be a limited partner of OpCo LP immediately following the Operating Company’s admission as a limited partner as described in (i), and
(iii) 
OpCo LP hereby continues without dissolution with the Operating Company as a limited partner. 
 2.10 Execution
 of the OpCo LP Agreement. OpCo GP, as general partner, the Operating Company, as a limited partner, and HEP, as the organizational limited partner, shall amend and restate the Original OpCo LP Agreement by executing and delivering the OpCo
LP Agreement, with such changes as the Operating Company, HEP and OpCo GP may agree. 
 2.11
Redemption of the Initial LP Interest from the Partnership and Return of Initial Capital Contribution. The Partnership hereby redeems the Initial LP Interest held by HEP and hereby refunds and
distributes to HEP the initial contribution, in the amount of $2,000, made by HEP in connection with the formation of the Partnership, along with any interest or other profit that resulted from the investment or other use of such initial
contribution. 
 ARTICLE III 

EXERCISE OF OVER-ALLOTMENT OPTION 

3.1 Exercise of Over-Allotment Option in Whole. If the Over-Allotment Option is exercised in
whole, public investors, through the Underwriters, will purchase (i) from AIMCo the remaining [●] AIMCo Common Units held by AIMCo (the “AIMCo Option Units”) 

  
 5 

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following the sale of the AIMCo Common Units set forth in Section 2.6 for $[●] in cash and (ii) from the Partnership an additional [●] Common Units for $[●] in
cash (the “Partnership Option Units” and, together with the AIMCo Option Units, the “Option Units”), the Option Units representing an approximate [●]% limited partner interest in the Partnership
(based on an aggregate of [●] Common Units and Subordinated Units to be outstanding after the completion of the Offering). The Partnership shall distribute the proceeds from the sale of the Partnership Option Units to HEP. 

3.2 Exercise of Over-Allotment Option in Part. If the Over-Allotment Option is exercised in
part, public investors, through the Underwriters, will purchase (i) from AIMCo the number of AIMCo Option Units set forth in the notice of exercise delivered by the Underwriters to AIMCo and the Partnership (the “Notice of
Exercise”) and (ii) from the Partnership the number of Partnership Option Units set forth in the Notice of Exercise, each at the price per Common Unit set forth in the Prospectus, net of the underwriting discount. The Partnership
shall distribute the proceeds from the sale of the Partnership Option Units to HEP. 
 3.3 Deferred
Issuance to HEP. Upon the expiration of the Option Period, the Partnership shall issue any Partnership Option Units not purchased by the public investors, through the Underwriters, to HEP for no additional consideration as part of the
contribution transactions described in Section 2.4. 
 ARTICLE IV 

FURTHER ASSURANCES 
 4.1
From time to time after the date hereof, and without any additional consideration, the Parties agree to execute, acknowledge and deliver all such additional deeds, assignments, bills of sale, conveyances, instruments, notices, releases, acquittances
and other documents, and to do all such other acts and things, all in accordance with applicable Law, as may be necessary or appropriate to (i) more fully assure that the applicable Parties own all of the properties, rights, titles, interests,
estates, remedies, powers and privileges granted by this Agreement, or which are intended to be so granted, (ii) more fully and effectively vest in the applicable Parties and their respective successors and assigns beneficial and record title
to the interests contributed, assigned, transferred and delivered by this Agreement, or which are intended to be so contributed, assigned, transferred and delivered and (iii) more fully and effectively carry out the purposes and intent of this
Agreement. 
 ARTICLE V 

ORDER OF COMPLETION AND EFFECTIVENESS OF TRANSACTIONS 

5.1 Order of Completion of Transactions. The transactions provided for in
Section 2.1 through Section 2.4 shall be completed as of the Effective Time in the order set forth in Article II. The transactions provided for in Section 2.5
through Section 2.11 shall be completed as of the Closing Time in the order set forth in Article II. The transactions provided for in Article III shall be completed upon the exercise of the Over-Allotment
Option or the expiration of the Option Period, as applicable. 

  
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 5.2 Effectiveness of Transactions. Notwithstanding
anything contained in this Agreement to the contrary, (a) none of the provisions of Section 2.1 through Section 2.4 shall be operative or have any effect until the Effective Time, and
(b) none of the provisions of Section 2.5 through Section 2.11 shall be operative or have any effect until the Closing Time and (c) none of the provisions of Article III shall be
operative or have any effect until the exercise of the Over-Allotment Option or the expiration of the Option Period, as applicable, at which respective times all such applicable provisions shall be effective and operative in accordance with
Section 5.1 without further action by any Party. 
 ARTICLE VI 

MISCELLANEOUS 
 6.1 
Taxes; Costs. Except for the transaction expenses payable by the Partnership as set forth in Section 2.7, HEP shall pay all expenses, fees and costs, including all sales, use and similar taxes arising out of the
contributions, distributions, conveyances and deliveries to be made under Article II and shall pay all documentary, filing, recording, transfer, deed and conveyance taxes and fees required in connection therewith. In addition, HEP shall be
responsible for all costs, liabilities and expenses (including court costs and reasonable attorneys’ fees) incurred in connection with the implementation of any conveyance or delivery pursuant to Article IV (to the extent related to any
of the contributions, distributions, conveyances and deliveries to be made under Article II). 
 6.2 
Assignment; Binding Effect. This Agreement may not be assigned by any Party, in whole or in part, without the prior written consent of the other Parties. No assignment hereunder by any Party shall relieve such Party of any obligations
and responsibilities hereunder. This Agreement shall be binding upon and inure to the benefit of the Parties and, to the extent permitted by this Agreement, their successors, legal representatives and permitted assigns. 

6.3 No Third Party Rights. The provisions of this Agreement are intended to bind the Parties as
to each other and are not intended to and do not create rights in any other Person or confer upon any other Person any benefits, rights or remedies, and no Person is or is intended to be a third party beneficiary of any of the provisions of this
Agreement. 
 6.4 Entire Agreement. This Agreement and the Omnibus Agreement constitute the
entire agreement of the Parties and their Affiliates relating to the transactions contemplated hereby and supersede all provisions and concepts contained in all prior letters of intent, memoranda, agreements or communications between the Parties or
their Affiliates relating to the transactions contemplated hereby. 
 6.5 Amendment. This
Agreement may be amended only by an instrument in writing executed by the Parties and expressly identified as an amendment or modification. 

6.6 Applicable 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 

  
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construction or interpretation of this Agreement to the laws of another state. EACH OF THE PARTIES HERETO AGREES THAT THIS AGREEMENT INVOLVES AT LEAST U.S. $100,000.00 AND THAT THIS AGREEMENT HAS
BEEN ENTERED INTO IN EXPRESS RELIANCE UPON 6 Del. C. § 2708. EACH OF THE PARTIES HERETO IRREVOCABLY AND UNCONDITIONALLY AGREES (i) TO BE SUBJECT TO THE JURISDICTION OF THE COURTS OF THE STATE OF DELAWARE AND OF THE FEDERAL COURTS SITTING
IN THE STATE OF DELAWARE AND (ii) TO THE EXTENT SUCH PARTY IS NOT OTHERWISE SUBJECT TO SERVICE OF PROCESS IN THE STATE OF DELAWARE, TO APPOINT AND MAINTAIN AN AGENT IN THE STATE OF DELAWARE AS SUCH PARTY’S AGENT FOR ACCEPTANCE OF LEGAL
PROCESS AND TO NOTIFY THE OTHER PARTIES OF THE NAME AND ADDRESS OF SUCH AGENT. EACH PARTY HERETO WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY ACTION, SUIT OR PROCEEDING ARISING
OUT OF OR RELATING TO THIS AGREEMENT OR ANY TRANSACTION CONTEMPLATED HEREBY. 
 6.7 Parties in
Interest. Except as expressly set forth in this Agreement, nothing in this Agreement shall entitle any Person other than the Parties to any claim, cause of action, remedy or right of any kind. 

6.8 Preparation of Agreement. All of the Parties and their respective counsels participated in
the preparation of this Agreement. In the event of any ambiguity in this Agreement, it is the intent of the parties that no presumption shall arise based on the identity of the draftsman of this Agreement. 

6.9 Severability. If any term or other provision of this Agreement is invalid, illegal or
incapable of being enforced by any rule of Law or public policy, all other conditions and provisions of this Agreement shall nevertheless remain in full force and effect so long as the economic or legal substance of the transactions contemplated
hereby is not affected in any adverse manner to any Party. Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced, the Parties shall negotiate in good faith to modify this Agreement so as to
effect the original intent of the Parties as closely as possible in an acceptable manner to the end that the transactions contemplated hereby are fulfilled to the extent possible. 

6.10 Counterparts. This Agreement may be executed in any number of counterparts, and each such
counterpart hereof shall be deemed to be an original instrument, but all of such counterparts shall constitute for all purposes one agreement. Any signature hereto delivered by a Party by electronic mail shall be deemed an original signature hereto.

 6.11 Deed; Bill of Sale; Assignment. To the extent required and permitted by applicable
Law, this Agreement shall also constitute a “deed,” “bill of sale” or “assignment” of the assets and interests referenced herein. 

[Remainder of page intentionally left blank.] 

  
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 IN WITNESS WHEREOF, the Parties to this Agreement have caused it to be duly executed as of the
date first above written. 

 

			
	HEP:
	
	HOWARD MIDSTREAM ENERGY PARTNERS, LLC

			
	  
 By:  
	 	 

			
	 Name:
 Title:

	
	PARTNERSHIP:
	
	HOWARD MIDSTREAM PARTNERS, LP
	
	By: Howard Midstream GP, LLC, its general partner
		 	

			
	By:  	 	 

			
	 Name:
 Title:

	
	OPCO LP:
	
	Howard Midstream OpCo, LP
	
	By: Howard Midstream OpCo GP, LLC, its general partner
		 	

			
	  
 By:  
	 	 

			
	 Name:
 Title:

 

			
	GENERAL PARTNER:
	
	HOWARD MIDSTREAM GP, LLC

			
	  
 By:  
	 	  

			
	 Name:
 Title:

	
	OPERATING COMPANY:
	
	HOWARD MIDSTREAM OPERATING, LLC

			
	  
 By:  
	 	  

			
	 Name:
 Title:

		 	
		 	
	
	OPCO GP:
	
	Howard Midstream OpCo GP, LLC

			
	  
 By:  
	 	  

			
	 Name:
 Title:

		
		 	
		 	

 
 

  
 Signature Page to

 Contribution, Conveyance and Assumption Agreement 

Table of Contents

			
	 AIMCo:

	
	 PIP5 SKYLINE,
LLC

			
		
	  
 By:  
	 	 

			
	 Name:

Title:

  
 10 

Table of Contents

 APPENDIX I 

Definitions 

“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, such Person. 
 “Agreement” is defined
in the Preamble. 
 “AIMCo” is defined in the Preamble. 

“AIMCo Common Units” is defined in Section 2.5. 

“AIMCo Option Units” is defined in Section 3.1. 

“Closing Date” means the first date on which Common Units are sold by the Partnership and AIMCo to the Underwriters
pursuant to the provisions of the Underwriting Agreement. 
 “Closing Time” means the time of closing on the Closing
Date pursuant to the Underwriting Agreement. 
 “Commission” means the United States Securities and Exchange
Commission. 
 “Common Unit” has the meaning given such term in the Partnership Agreement. 

“Contributed Interests” is defined in the Recitals. 

“Control” (including the terms “Controlled” and “Under Common Control
With”) means with respect to any Person, the possession, direct or indirect, of the power to direct or cause the direction of the management and policies of a Person, whether through the ownership of voting shares, by contract, or
otherwise. 
 “Delaware LLC Act” is defined in the Recitals. 

“DRULPA” is defined in the Recitals. 

“Effective Time” means [12:01 a.m.] Eastern Time on the Closing Date. 

“Existing Credit Agreement” means that certain Fourth Amended and Restated Credit Agreement, dated as of
April 10, 2015, by and among HEP, the Royal Bank of Canada, and the other parties thereto. 
 “Firm Units”
means the [●] Common Units to be issued and sold to the Underwriters pursuant to the Underwriting Agreement. 

“GAAP” is defined in Section 1.2. 

“General Partner” is defined in the Preamble. 

  
 Appendix I-1 

Table of Contents

 “Governmental Authority” means any federal, state, local, municipal,
tribal or other government; any governmental, regulatory or administrative agency, commission, body or other authority exercising or entitled to exercise any administrative, executive, judicial, legislative, regulatory or taxing authority or power;
and any court or governmental tribunal, including any tribal authority having or asserting jurisdiction. 
 “HEP
Gathering” is defined in Section 2.2. 
 “HEP Gathering Agreement” is defined
in Section 2.2. 
 “HEP” is defined in the Preamble. 

“Howard Marketing” is defined in Section 2.2. 

“Howard Marketing Agreement” is defined in Section 2.2. 

“Incentive Distribution Rights” has the meaning given such term in the Partnership Agreement. 

“Initial LP Interest” is defined in the Recitals. 

“Law” means any applicable statute, law, rule, regulation, ordinance, order, code, ruling, writ, injunction, decree or
other official act of or by any Governmental Authority. 
 “LOMP” is defined in
Section 2.2. 
 “LOMP Agreement” is defined in Section 2.2. 

“LORP” is defined in Section 2.2. 

“LORP Agreement” is defined in Section 2.2. 

“Maverick” is defined in Section 2.2. 

“Maverick Agreement” is defined in Section 2.2. 

“Notice of Exercise” is defined in Section 3.2. 

“Offering” means the initial offering and sale of Common Units to the public (including the offer and sale of Common
Units pursuant to the Over-Allotment Option), as described in the Registration Statement. 
 “Omnibus Agreement”
means that certain Omnibus Agreement by and among HEP, HEP Services, LLC, the Partnership, the General Partner, the Operating Company, OpCo LP and OpCo GP, dated as of the date hereof, as may be amended from time to time. 

“OpCo GP” is defined in the Preamble. 

“OpCo GP Agreement” is defined in Section 2.4. 

“OpCo GP Interests” is defined in the Recitals. 

  
 Appendix I-2 

Table of Contents

 “OpCo LP” is defined in the Preamble. 

“OpCo LP Agreement” means the Amended and Restated Agreement of Limited Partnership of OpCo LP, dated effective as of
[●], 2017, as the same may be amended from time to time. 
 “Operating Company” is defined in the Preamble.

 “Operating Subsidiaries” is defined in Section 2.2. 

“Option Period” means the period from the Closing Date to and including the date that is 30 days after the Closing
Date. 
 “Original OpCo LP Agreement” means that certain Agreement of Limited Partnership of OpCo LP, dated
effective as of [●], 2017. 
 “Original Partnership Agreement” means that certain Agreement of Limited
Partnership of the Partnership, dated effective as of November 14, 2016. 
 “Option Units” is defined in
Section 3.1. 
 “Over-Allotment Option” means the option granted to the Underwriters by
the Partnership and AIMCo pursuant to Section [●] of the Underwriting Agreement. 

“Partnership” is defined in the Preamble. 

“Partnership Agreement” means the First Amended and Restated Agreement of Limited Partnership of the Partnership,
dated as of the Closing Date, substantially in the form attached as Appendix A to the Prospectus, as the same may be amended from time to time. 

“Partnership Option Units” is defined in Section 3.1. 

“Party” and “Parties” are defined in the Preamble. 

“Person” means any individual, corporation, company, partnership, limited partnership, limited liability company,
trust, estate, Governmental Authority or any other entity. 
 “Prospectus” means the final prospectus relating to
the Offering dated [●], 2017 and filed by the Partnership with the Commission pursuant to Rule 424 of the Securities Act on [●], 2017. 

“Registration Statement” means the Registration Statement on Form S-1 (File No. 333-[●]), as amended, filed by the Partnership with the Commission under the Securities Act to register the offering and sale of the Common Units in the Offering. 

“Securities Act” means the Securities Act of 1933, as amended, supplemented or restated from time to time, and any
successor to such statute. 

  
 Appendix I-3 

Table of Contents

 “Series B Preferred Units” has the meaning given such term in the Eighth
Amended and Restated Limited Liability Company Agreement of HEP, dated as of March 6, 2017. 
 “Structuring
Fee” is defined in Section 2.7. 
 “Subordinated Unit” has the meaning given
such term in the Partnership Agreement. 
 “Term Loan” means the term loan portion of the Existing Credit Agreement.

 “Texas Gas” is defined in Section 2.2. 

“Texas Gas Agreement” is defined in Section 2.2. 

“Texas Lean” is defined in Section 2.2. 

“Texas Lean Agreement” is defined in Section 2.2. 

“Texas LLC” is defined in Section 2.2. 

“Texas LLC Agreement” is defined in Section 2.2. 

“Texas Processing” is defined in Section 2.2. 

“Texas Processing Agreement” is defined in Section 2.2. 

“Texas Rich” is defined in Section 2.2. 

“Texas Rich Agreement” is defined in Section 2.2. 

“Underwriters” means, collectively, each member of the underwriting syndicate named as an underwriter in Schedule I to
the Underwriting Agreement. 
 “Underwriting Agreement” means that certain Underwriting Agreement dated as of
[●], 2017 among the Underwriters, HEP, AIMCo, the General Partner, the Partnership and the Operating Company, providing for the purchase of Common Units by the Underwriters. 

  
 Appendix I-4

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