Document:

EX-10.2

 Exhibit 10.2 

HOWARD MIDSTREAM PARTNERS, LP 

2017 LONG-TERM INCENTIVE PLAN 

SECTION 1. Purpose of the Plan. 

This Howard Midstream Partners, LP 2017 Long-Term Incentive Plan (the “Plan”) has been adopted by Howard Midstream GP, LLC, a
Delaware limited liability company (the “Company”), the general partner of Howard Midstream Partners, LP, a Delaware limited partnership (the “Partnership”). The Plan is intended to promote the interests of the
Partnership and the Company by providing incentive compensation awards denominated in or based on Units to Employees, Consultants and Directors to encourage superior performance. The Plan is also intended to enhance the ability of the Partnership,
the Company and their Affiliates to attract and retain the services of individuals who are essential for the growth and profitability of the Partnership, the Company and their Affiliates and to encourage them to devote their best efforts to
advancing the business of the Partnership, the Company and their Affiliates. 
 SECTION 2. Definitions. 

As used in the Plan, the following terms shall have the meanings set forth below: 

“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. 
 “ASC Topic 718” means Accounting
Standards Codification Topic 718, Compensation – Stock Compensation, or any successor accounting standard. 

“Award” means an Option, Restricted Unit, Phantom Unit, DER, Substitute Award, Unit Appreciation Right, Unit Award or Profits
Interest Unit granted under the Plan. 
 “Award Agreement” means the written or electronic agreement by which an Award
shall be evidenced and which agreement may include a separate plan, policy, agreement or other written document. 
 “Board”
means the board of directors or board of managers, as the case may be, of the Company. 
 “Cause” means, unless otherwise
set forth in an Award Agreement or other written agreement between the Company and the applicable Participant, a finding by the Committee, before or after the Participant’s termination of Service, of: (i) any material failure by the
Participant to perform the Participant’s duties and responsibilities under any written agreement between the Participant and the Company or its Affiliate(s); (ii) any act of fraud, embezzlement, theft or misappropriation by the Participant
relating to the Company, the Partnership or any of their Affiliates; (iii) the Participant’s commission of a felony or a crime involving moral turpitude; (iv) any gross negligence or intentional misconduct on the part of the
Participant in the conduct of the Participant’s duties and responsibilities with the Company or any Affiliate(s) of 

 
the Company or which adversely affects the image, reputation or business of the Company, the Partnership or their Affiliates; or (v) any material breach by the Participant of any agreement
between the Company or any of its Affiliates, on the one hand, and the Participant on the other. The findings and decision of the Committee with respect to such matter, including those regarding the acts of the Participant and the impact thereof,
will be final for all purposes. 
 “Change in Control” means, and shall be deemed to have occurred upon one or more of the
following events: 
 (i) any “person” or “group” within the meaning of Sections 13(d) and 14(d)(2) of the
Exchange Act, other than the Company or an Affiliate of the Company (as determined immediately prior to such event), shall become, directly or indirectly, the beneficial owner, by way of merger, acquisition, consolidation, recapitalization,
reorganization or otherwise, of 50% or more of the combined voting power of the equity interests in the Company or the Partnership; 

(ii) the limited partners of the Partnership approve, in one or a series of transactions, a plan of complete liquidation of the
Partnership; 
 (iii) the sale or other disposition by either the Company or the Partnership of all or substantially all of
the Company’s or the Partnership’s assets, respectively, in one or more transactions to any Person other than the Company, the Partnership or an Affiliate of the Company or of the Partnership; or 

(iv) a transaction resulting in a Person other than the Company or an Affiliate of the Company (as determined immediately prior
to such event) being the sole general partner of the Partnership. 
 Notwithstanding the foregoing, if a Change in Control constitutes a
payment event with respect to any Award which provides for the deferral of compensation subject to Section 409A or such compensation otherwise would be subject to Section 409A, the transaction or event described in subsection (i), (ii), (iii) or
(iv) above with respect to such Award must also constitute a “change in control event,” as defined in Treasury Regulation §1.409A-3(i)(5), and as relates to the holder of such Award, to the
extent required to comply with Section 409A. 
 “Code” means the Internal Revenue Code of 1986, as amended. 

“Committee” means the Board, except that it shall mean such committee of the Board as may be appointed by the Board to
administer the Plan, or as necessary to comply with applicable legal requirements or listing standards. 
 “Consultant”
means an individual who renders consulting services to the Company, the Partnership or any of their Affiliates. 
 “DER”
means a distribution equivalent right, representing a contingent right to receive an amount in cash, Units, Restricted Units and/or Phantom Units equal in value to the distributions made by the Partnership with respect to a Unit during the period
such Award is outstanding. 

  
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 “Director” means a member of the board of directors or board of managers, as the
case may be, of the Company, the Partnership or any of their Affiliates who is not an Employee or a Consultant (other than in that individual’s capacity as a Director). 

“Disability” means, unless otherwise set forth in an Award Agreement or other written agreement between the Company, the
Partnership or one of their Affiliates and the applicable Participant, as determined by the Committee in its discretion exercised in good faith, a physical or mental condition of a Participant that would entitle him or her to payment of disability
income payments under the Company’s, the Partnership’s or one of their Affiliates’ long-term disability insurance policy or plan, as applicable, for employees as then in effect; or in the event that a Participant is not covered, for
whatever reason, under any such long-term disability insurance policy or plan for employees of the Company, the Partnership or one of their Affiliates or the Company, the Partnership or one of their Affiliates does not maintain such a long-term
disability insurance policy, “Disability” means a total and permanent disability within the meaning of Section 22(e)(3) of the Code; provided, however, that if a Disability constitutes a payment event with respect to any Award which
provides for the deferral of compensation subject to Section 409A or such compensation otherwise would be subject to Section 409A, then, to the extent required to comply with Section 409A, the Participant must also be considered “disabled”
within the meaning of Section 409A(a)(2)(C) of the Code. A determination of Disability may be made by a physician selected or approved by the Committee and, in this respect, Participants shall submit to an examination by such physician upon request
by the Committee. 
 “Employee” means an employee of the Company, the Partnership or any of their Affiliates. 

“Exchange Act” means the Securities Exchange Act of 1934, as amended. 

“Fair Market Value” means, as of any given date, the closing sales price on such date during normal trading hours (or, if
there are no reported sales on such date, on the last date prior to such date on which there were sales) of the Units on the New York Stock Exchange or, if not listed on such exchange, on any other national securities exchange on which the
Units are listed or on an inter-dealer quotation system, in any case, as reported in such source as the Committee shall select. If there is no regular public trading market for the Units, the Fair Market Value of the Units shall be determined by the
Committee in good faith and, to the extent applicable, in compliance with the requirements of Section 409A. 

“Option” means an option to purchase Units granted pursuant to Section 6(a) of the Plan. 

“Other Unit-Based Award” means an award granted pursuant to Section 6(f) of the Plan. 

“Participant” means an Employee, Consultant or Director granted an Award under the Plan and any authorized transferee of such
individual. 
 “Partnership Agreement” means the Agreement of Limited Partnership of the Partnership, as it may be
amended or amended and restated from time to time. 

  
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 “Person” shall have the meaning ascribed to such term in
Section 3(a)(9) of the Exchange Act and used in Sections 13(d) and 14(d) thereof, including a “group” as defined in Section 13(d) thereof. 

“Phantom Unit” means a notional interest granted under the Plan that, to the extent vested, entitles the Participant to
receive a Unit or an amount of cash equal to the Fair Market Value of a Unit, as determined by the Committee in its discretion. 

“Profits Interest Unit” means to the extent authorized by the Partnership Agreement, an interest in the Partnership that is
intended to constitute a “profits interest” within the meaning of the Code, Treasury Regulations promulgated thereunder, and any published guidance by the Internal Revenue Service with respect thereto. 

“Restricted Period” means the period established by the Committee with respect to an Award during which the Award remains
subject to forfeiture and is either not exercisable by or payable to the Participant, as the case may be. 
 “Restricted
Unit” means a Unit granted pursuant to Section 6(b) of the Plan that is subject to a Restricted Period. 
 “Securities
Act” means the Securities Act of 1933, as amended. 
 “SEC” means the Securities and Exchange Commission, or any
successor thereto. 
 “Section 409A” means Section 409A of the Code and the Treasury Regulations and other interpretive
guidance issued thereunder, including without limitation any such regulations or other guidance that may be amended or issued after the Effective Date (as defined in Section 9 below). 

“Service” means service as an Employee, Consultant or Director. The Committee, in its sole discretion, shall determine the
effect of all matters and questions relating to terminations of Service, including, without limitation, the questions of whether and when a termination of Service occurred and/or resulted from a discharge for Cause, and all questions of whether
particular changes in status or leaves of absence constitute a termination of Service. The Committee, in its sole discretion, subject to the terms of any applicable Award Agreement, may determine that a termination of Service has not occurred in the
event of (a) a termination where there is simultaneous commencement by the Participant of a relationship with the Partnership, the Company or any of their Affiliates as an Employee, Director or Consultant or (b) a termination which results
in a temporary severance of the service relationship. 
 “Substitute Award” means an award granted pursuant to Section 6(g)
of the Plan. 
 “Unit” means a Common Unit of the Partnership. 

“Unit Appreciation Right” or “UAR” means a contingent right that entitles the holder to receive the excess
of the Fair Market Value of a Unit on the exercise date of the UAR over the exercise price of the UAR. 

  
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 “Unit Award” means an award granted pursuant to Section 6(d) of the Plan. 

SECTION 3. Administration. 

(a) The Plan shall be administered by the Committee, subject to subsection (b) below; provided, however, that in the event that
the Board is not also serving as the Committee, the Board, in its sole discretion, may at any time and from time to time exercise any and all rights and duties of the Committee under the Plan. The governance of the Committee shall be subject to the
charter, if any, of the Committee as approved by the Board. Subject to the terms of the Plan and applicable law, and in addition to other express powers and authorizations conferred on the Committee by the Plan, the Committee shall have full power
and authority to: (i) designate Participants; (ii) determine the type or types of Awards to be granted to a Participant; (iii) determine the number of Units to be covered by Awards; (iv) determine the terms and conditions of any
Award; (v) determine whether, to what extent, and under what circumstances Awards may be settled, exercised, canceled, or forfeited; (vi) interpret and administer the Plan and any instrument or agreement relating to an Award made under the
Plan; (vii) establish, amend, suspend, or waive such rules and regulations and appoint such agents as it shall deem appropriate for the proper administration of the Plan; and (viii) make any other determination and take any other action
that the Committee deems necessary or desirable for the administration of the Plan. The Committee may correct any defect or supply any omission or reconcile any inconsistency in the Plan or an Award Agreement in such manner and to such extent as the
Committee deems necessary or appropriate. Unless otherwise expressly provided in the Plan, all designations, determinations, interpretations, and other decisions under or with respect to the Plan or any Award shall be within the sole discretion of
the Committee, may be made at any time and shall be final, conclusive, and binding upon all Persons, including the Company, the Partnership, any of their Affiliates, any Participant and any beneficiary of any Participant. 

(b) To the extent permitted by applicable law and the rules of any securities exchange on which the Units are listed, quoted or traded, the
Board or Committee may from time to time delegate to a committee of one or more members of the Board or one or more officers of the Company the authority to grant or amend Awards or to take other administrative actions pursuant to Section 3(a);
provided, however, that in no event shall an officer of the Company be delegated the authority to grant awards to, or amend awards held by, the following individuals: (i) individuals who are subject to Section 16 of the Exchange
Act, or (ii) officers of the Company (or Directors) to whom authority to grant or amend Awards has been delegated hereunder; provided, further, that any delegation of administrative authority shall only be permitted to the extent that it
is permissible under applicable provisions of the Code and applicable securities laws and the rules of any securities exchange on which the Units are listed, quoted or traded. Any delegation hereunder shall be subject to such restrictions and
limitations as the Board or Committee, as applicable, specifies at the time of such delegation, and the Board or Committee, as applicable, may at any time rescind the authority so delegated or appoint a new delegatee. At all times, the delegatee
appointed under this Section 3(b) shall serve in such capacity at the pleasure of the Board and the Committee. 

  
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 SECTION 4. Units. 

(a) Limits on Units Deliverable. Subject to adjustment as provided in Section 4(c), the number of Units that may be delivered with
respect to Awards under the Plan is [             (        )]. If any Award is forfeited, cancelled, exercised, paid, or otherwise terminates or
expires without the actual delivery of Units pursuant to such Award (for the avoidance of doubt, except after the 10th anniversary of the Effective Date, the grant of Restricted Units is not a
delivery of Units for this purpose unless and until such Restricted Units vest and any restrictions placed upon them under the Plan lapse), the Units subject to such Award that are not actually delivered pursuant to such Award shall again be
available for Awards under the Plan. To the extent permitted by applicable law and securities exchange rules, Substitute Awards and Units issued in assumption of, or in substitution for, any outstanding awards of any entity (including an existing
Affiliate of the Partnership) that is (or whose securities are) acquired in any form by the Partnership or any Affiliate thereof shall not be counted against the Units available for issuance pursuant to the Plan. There shall not be any limitation on
the number of Awards that may be paid in cash. 
 (b) Sources of Units Deliverable Under Awards. Any Units delivered pursuant to an
Award shall consist, in whole or in part, of Units acquired in the open market, from the Partnership, any Affiliate thereof or any other Person, or Units otherwise issuable by the Partnership, or any combination of the foregoing, as determined by
the Committee in its discretion. 
 (c) Anti-dilution Adjustments. 

(i) Equity Restructuring. With respect to any “equity restructuring” event (within the meaning of ASC Topic 718) that could
result in an additional compensation expense to the Company or the Partnership pursuant to the provisions of ASC Topic 718 if adjustments to Awards with respect to such event were discretionary, the Committee shall equitably adjust the number and
type of Units covered by each outstanding Award and the terms and conditions, including the exercise price and performance criteria (if any), of such Award to equitably reflect such event and shall adjust the number and type of Units (or other
securities or property) with respect to which Awards may be granted under the Plan after such event. With respect to any other similar event that would not result in an ASC Topic 718 accounting charge if the adjustment to Awards with respect to such
event were subject to discretionary action, the Committee shall have complete discretion to adjust Awards and the number and type of Units (or other securities or property) with respect to which Awards may be granted under the Plan in such manner as
it deems appropriate with respect to such other event. 
 (ii) Other Changes in Capitalization. In the event of any non-cash distribution, Unit split, combination or exchange of Units, merger, consolidation or distribution (other than normal cash distributions) of Partnership assets to unitholders, or any other change affecting
the Units of the Partnership, other than an “equity restructuring,” the Committee may make equitable adjustments, if any, to reflect such change with respect to (A) the aggregate number and kind of Units that may be issued under the
Plan; (B) the number and kind of Units (or other securities or property) subject to outstanding Awards; (C) the terms and conditions of 

  
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any outstanding Awards (including, without limitation, any applicable performance targets or criteria with respect thereto); and (D) the grant or exercise price per Unit for any outstanding
Awards under the Plan. 
 SECTION 5. Eligibility. 

Any Employee, Consultant or Director shall be eligible to be designated a Participant and receive an Award under the Plan. 

SECTION 6. Awards. 
 (a)
Options and UARs. The Committee shall have the authority to determine the Employees, Consultants and Directors to whom Options and/or UARs shall be granted, the number of Units to be covered by each Option or UAR, the exercise price therefor,
the Restricted Period and other conditions and limitations applicable to the exercise of the Option or UAR, including the following terms and conditions and such additional terms and conditions, as the Committee shall determine, that are not
inconsistent with the provisions of the Plan. Options which are intended to comply with Treasury Regulation Section 1.409A-1(b)(5)(i)(A) and UARs which are intended to comply with Treasury Regulation Section 1.409A-1(b)(5)(i)(B) or, in each case, any successor regulation, may be granted only if the requirements of Treasury Regulation Section 1.409A-1(b)(5)(iii), or any successor
regulation, are satisfied. Options and UARs that are otherwise exempt from or compliant with Section 409A may be granted to any eligible Employee, Consultant or Director. 

(i) Exercise Price. The exercise price per Unit purchasable under an Option or subject to a UAR shall be determined by
the Committee at the time the Option or UAR is granted but, except with respect to a Substitute Award, may not be less than the Fair Market Value of a Unit as of the date of grant of the Option or UAR. 

(ii) Time and Method of Exercise. The Committee shall determine the exercise terms and any applicable Restricted Period
with respect to an Option or UAR, which may include, without limitation, provisions for accelerated vesting upon the achievement of specified performance goals and/or other events, and the method or methods by which payment of the exercise price
with respect to an Option or UAR may be made or deemed to have been made, which may include, without limitation, cash, check acceptable to the Company, withholding Units having a Fair Market Value on the exercise date equal to the relevant exercise
price from the Award, a “cashless” exercise through procedures approved by the Company, or any combination of the foregoing methods. 

(iii) Exercise of Options and UARs on Termination of Service. Each Option and UAR Award Agreement shall set forth the
extent to which the Participant shall have the right to exercise the Option or UAR following a termination of the Participant’s Service. Unless otherwise determined by the Committee, if the Participant’s Service is terminated for Cause,
the Participant’s right to exercise the Option or UAR shall terminate as of the start of business on the effective date of the Participant’s termination. 

  
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Unless otherwise determined by the Committee, to the extent the Option or UAR is not vested and exercisable as of the termination of Service, the Option or UAR shall terminate when the
Participant’s Service terminates. 
 (iv) Term of Options and UARs. The term of each Option and UAR shall be
stated in the Award Agreement, provided, that the term shall be no more than ten (10) years from the date of grant thereof. 

(b) Restricted Units and Phantom Units. The Committee shall have the authority to determine the Employees, Consultants and Directors to
whom Restricted Units and/or Phantom Units shall be granted, the number of Restricted Units or Phantom Units to be granted to each such Participant, the applicable Restricted Period, the conditions under which the Restricted Units or Phantom Units
may become vested or forfeited and such other terms and conditions, including, without limitation, restrictions on transferability, as the Committee may establish with respect to such Awards. 

(i) Payment of Phantom Units. The Committee shall specify, or permit the Participant to elect in accordance with the
requirements of Section 409A, the conditions and dates or events upon which the cash or Units underlying an award of Phantom Units shall be issued, which dates or events shall not be earlier than the date on which the Phantom Units vest and become
nonforfeitable and which conditions and dates or events shall be subject to compliance with Section 409A (unless the Phantom Units are exempt therefrom). 

(ii) Vesting of Restricted Units. Upon or as soon as reasonably practicable following the vesting of each Restricted
Unit, subject to satisfying the tax withholding obligations of Section 8(b), the Participant shall be entitled to have the restrictions removed from his or her Unit certificate (or book-entry account, as applicable) so that the Participant then
holds an unrestricted Unit. 
 (c) DERs. The Committee shall have the authority to determine the Employees, Consultants and/or
Directors to whom DERs are granted, whether such DERs are tandem or separate Awards, whether the DERs shall be paid directly to the Participant, be credited to a bookkeeping account (with or without interest in the discretion of the Committee), any
vesting restrictions and payment provisions applicable to the DERs, and such other provisions or restrictions as determined by the Committee in its discretion, all of which shall be specified in the applicable Award Agreements. Distributions in
respect of DERs shall be credited as of the distribution dates during the period between the date an Award is granted to a Participant and the date such Award vests, is exercised, is distributed or expires, as determined by the Committee. Such DERs
shall be converted to cash, Units, Restricted Units and/or Phantom Units by such formula and at such time and subject to such limitations as may be determined by the Committee. Tandem DERs may be subject to the same or different vesting restrictions
as the tandem Award, or be subject to such other provisions or restrictions as determined by the Committee in its discretion. Notwithstanding the foregoing, DERs shall only be paid in a manner that is either exempt from or in compliance with Section
409A. 

  
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 (d) Unit Awards. Awards of Units may be granted under the Plan (i) to such Employees,
Consultants and/or Directors and in such amounts as the Committee, in its discretion, may select, and (ii) subject to such other terms and conditions, including, without limitation, restrictions on transferability, as the Committee may
establish with respect to such Awards. 
 (e) Profits Interest Units. Any Award consisting of Profits Interest Units may be granted
to an Employee, Consultant or Director for the performance of services to or for the benefit of the Partnership (i) in the Participant’s capacity as a partner of the Partnership, (ii) in anticipation of the Participant becoming a
partner of the Partnership, or (iii) as otherwise determined by the Committee. At the time of grant, the Committee shall specify the date or dates on which the Profits Interest Units shall vest and become nonforfeitable, and may specify such
conditions to vesting as it deems appropriate. Profits Interest Units shall be subject to such restrictions on transferability and other restrictions as the Committee may impose. 

(f) Other Unit-Based Awards. Other Unit-Based Awards may be granted under the Plan to such Employees, Consultants and/or Directors as
the Committee, in its discretion, may select. An Other Unit-Based Award shall be an award denominated or payable in, valued in or otherwise based on or related to Units, in whole or in part. The Committee shall determine the terms and conditions of
any Other Unit-Based Award. Upon vesting, an Other Unit-Based Award may be paid in cash, Units (including Restricted Units) or any combination thereof as provided in the Award Agreement. 

(g) Substitute Awards. Awards may be granted under the Plan in substitution of similar awards held by individuals who are or who become
Employees, Consultants or Directors in connection with a merger, consolidation or acquisition by the Partnership or an Affiliate of another entity or the securities or assets of another entity (including in connection with the acquisition by the
Partnership or one of its Affiliates of additional securities of an entity that is an existing Affiliate of the Partnership). Such Substitute Awards that are Options or UARs may have exercise prices less than the Fair Market Value of a Unit on the
date of the substitution if such substitution complies with Section 409A and other applicable laws and securities exchange rules. 
 (h)
General. 
 (i) Award Agreements. Each Award shall be evidenced in writing in an Award Agreement that shall
reflect any vesting conditions or restrictions imposed by the Committee covering a period of time specified by the Committee and shall also contain such other terms, conditions and limitations as shall be determined by the Committee in its sole
discretion. Where signature or electronic acceptance of the Award Agreement by the Participant is required, any such Awards for which the Award Agreement is not signed or electronically accepted shall be forfeited. 

(ii) Forfeitures. Except as otherwise provided in the terms of an Award Agreement, upon termination of a
Participant’s Service for any reason during an applicable Restricted Period, all outstanding, unvested Awards held by such Participant 

  
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shall be automatically forfeited by the Participant. Notwithstanding the immediately preceding sentence, the Committee may, in its discretion, waive in whole or in part such forfeiture with
respect to any such Award; provided, that any such waiver shall be effective only to the extent that such waiver will not cause (i) any Award intended to satisfy the requirements of Section 409A to fail to satisfy such requirements or
(ii) any Award intended to be exempt from Section 409A to become subject to and to fail to satisfy such requirements. 

(iii) Awards May Be Granted Separately or Together. Awards may, in the discretion of the Committee, be granted either
alone or in addition to, in tandem with, or in substitution for any other Award granted under the Plan or any award granted under any other plan of the Company or any Affiliate. Awards granted in addition to or in tandem with other Awards or awards
granted under any other plan of the Company or any Affiliate may be granted either at the same time as or at a different time from the grant of such other Awards or awards. 

(iv) Limits on Transfer of Awards. 

(A) Except as provided in paragraph (C) below, each Option and UAR shall be exercisable only by the Participant (or the
Participant’s legal representative in the case of the Participant’s Disability or incapacitation) during the Participant’s lifetime, or by the person to whom the Participant’s rights shall pass by will or the laws of descent and
distribution. 
 (B) Except as provided in paragraph (C) below, no Award and no right under any such Award may be
assigned, alienated, pledged, attached, sold or otherwise transferred or encumbered by a Participant other than by will or the laws of descent and distribution and any such purported assignment, alienation, pledge, attachment, sale, transfer or
encumbrance shall be void and unenforceable against the Company, the Partnership or any Affiliate. 
 (C) The Committee may
provide in an Award Agreement or in its discretion that an Award may, on such terms and conditions as the Committee may from time to time establish, be transferred by a Participant without consideration to any “family member” of the
Participant, as defined in the instructions to use of the Form S-8 Registration Statement under the Securities Act, as applicable, or any other transferee specifically approved by the Committee after taking
into account any state, federal, local or foreign tax and securities laws applicable to transferable Awards. In addition, vested Units may be transferred to the extent permitted by the Partnership Agreement and not otherwise prohibited by the Award
Agreement or any other agreement or policy restricting the transfer of such Units. 
 (v) Term of Awards. Subject to
Section 6(a)(iv) above, the term of each Award, if any, shall be for such period as may be determined by the Committee. 

  
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 (vi) Unit Certificates. Unless otherwise determined by the Committee or
required by any applicable law, rule or regulation, neither the Company nor the Partnership shall deliver to any Participant certificates evidencing Units issued in connection with any Award and instead such Units shall be recorded in the books of
the Partnership (or, as applicable, its transfer agent or equity plan administrator). All certificates for Units or other securities of the Partnership delivered under the Plan and all Units issued pursuant to book entry procedures pursuant to any
Award or the exercise thereof shall be subject to such stop-transfer orders and other restrictions as the Committee may deem advisable under the Plan or the rules, regulations, and/or other requirements of the SEC, any securities exchange upon which
such Units or other securities are then listed, and any applicable federal or state laws, and the Committee may cause a legend or legends to be inscribed on any such certificates or book entry to make appropriate reference to such restrictions. 

(vii) Consideration for Grants. To the extent permitted by applicable law, Awards may be granted for such consideration,
including services, as the Committee shall determine. 
 (viii) Delivery of Units or other Securities and Payment by
Participant of Consideration. Notwithstanding anything in the Plan or any Award Agreement to the contrary, subject to compliance with Section 409A, the Company shall not be required to issue or deliver any certificates or make any book entries
evidencing Units pursuant to the exercise or vesting of any Award, unless and until the Board or the Committee has determined, with advice of counsel, that the issuance of such Units is in compliance with all applicable laws, regulations of
governmental authorities and, if applicable, the requirements of any securities exchange on which the Units are listed or traded, and the Units are covered by an effective registration statement or applicable exemption from registration. In addition
to the terms and conditions provided herein, the Board or the Committee may require that a Participant make such reasonable covenants, agreements, and representations as the Board or the Committee, in its discretion, deems advisable in order to
comply with any such laws, regulations, or requirements. Without limiting the generality of the foregoing, the delivery of Units pursuant to the exercise or vesting of an Award may be deferred for any period during which, in the good faith
determination of the Committee, the Company is not reasonably able to obtain or deliver Units pursuant to such Award without violating applicable law or the applicable rules or regulations of any governmental agency or authority or securities
exchange. No Units or other securities shall be delivered pursuant to any Award until payment in full of any amount required to be paid pursuant to the Plan or the applicable Award Agreement (including, without limitation, any exercise price or tax
withholding) is received by the Company. 
 SECTION 7. Amendment and Termination; Certain Transactions. 

Except to the extent prohibited by applicable law: 

(a) Amendments to the Plan. Except as required by applicable law or the rules of the principal securities exchange, if any, on which the
Units are traded and subject to Section 7(b) 

  
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below, the Board or the Committee may amend, alter, suspend, discontinue, or terminate the Plan in any manner at any time for any reason or for no reason without the consent of any partner,
Participant, other holder or beneficiary of an Award, or any other Person. The Board shall obtain securityholder approval of any Plan amendment to the extent necessary to comply with applicable law or securities exchange listing standards or rules.

 (b) Amendments to Awards. Subject to Section 7(a) above, the Committee may waive any conditions or rights under, amend any terms
of, or alter any Award theretofore granted, provided that no change, other than pursuant to Section 7(c) below, in any Award shall materially reduce the rights or benefits of a Participant with respect to an Award without the consent of such
Participant. 
 (c) Actions Upon the Occurrence of Certain Events. Upon the occurrence of a Change in Control, any transaction or
event described in Section 4(c) above, any change in applicable laws or regulations affecting the Plan or Awards hereunder, or any change in accounting principles affecting the financial statements of the Company or the Partnership, the Committee,
in its sole discretion, without the consent of any Participant or holder of an Award, and on such terms and conditions as it deems appropriate, which need not be uniform with respect to all Participants or all Awards, may take any one or more of the
following actions: 
 (i) provide for either (A) the termination of any Award in exchange for a payment in an amount, if
any, equal to the amount that would have been attained upon the exercise of such Award or realization of the Participant’s rights under such Award (and, for the avoidance of doubt, if as of the date of the occurrence of such transaction or
event, the Committee determines in good faith that no amount would have been payable upon the exercise of such Award or realization of the Participant’s rights, then such Award may be terminated by the Company without payment) or (B) the
replacement of such Award with other rights or property selected by the Committee in its sole discretion having an aggregate value not exceeding the amount that could have been attained upon the exercise of such Award or realization of the
Participant’s rights had such Award been currently exercisable or payable or fully vested; 
 (ii) provide that such
Award be assumed by the successor or survivor entity, or a parent or subsidiary thereof, or be exchanged for similar options, rights or awards covering the equity of the successor or survivor, or a parent or subsidiary thereof, with appropriate
adjustments as to the number and kind of equity interests and prices; 
 (iii) make adjustments in the number and type of
Units (or other securities or property) subject to outstanding Awards, the number and kind of outstanding Awards, the terms and conditions of (including the exercise price), and/or the vesting and performance criteria included in, outstanding
Awards; 
 (iv) provide that such Award shall vest or become exercisable or payable, notwithstanding anything to the contrary
in the Plan or the applicable Award Agreement; and 

  
 -12- 

 (v) provide that the Award cannot be exercised or become payable after such event
and shall terminate upon such event. 
 Notwithstanding the foregoing, (i) with respect to an above event that constitutes an “equity
restructuring” that would be subject to a compensation expense pursuant to ASC Topic 718, the provisions in Section 4(c) above shall control to the extent they are in conflict with the discretionary provisions of this Section 7,
provided, however, that nothing in this Section 7(c) or Section 4(c) above shall be construed as providing any Participant or any beneficiary of an Award any rights with respect to the “time value,” “economic
opportunity” or “intrinsic value” of an Award or limiting in any manner the Committee’s actions that may be taken with respect to an Award as set forth in this Section 7 or in Section 4(c) above; and (ii) no action
shall be taken under this Section 7 which shall cause an Award to result in taxation under Section 409A, to the extent applicable to such Award. 

SECTION 8. General Provisions. 

(a) No Rights to Award. No Person shall have any claim to be granted any Award under the Plan, and there is no obligation for
uniformity of treatment of Participants, including the treatment upon termination of Service or pursuant to Section 7(c). The terms and conditions of Awards need not be the same with respect to each recipient. 

(b) Tax Withholding. Unless other arrangements have been made that are acceptable to the Company, the Company or any Affiliate thereof
is authorized to deduct or withhold, or cause to be deducted or withheld, from any Award, from any payment due or transfer made under any Award, or from any compensation or other amount owing to a Participant the amount (in cash or Units, including
Units that would otherwise be issued pursuant to such Award or other property) of any applicable taxes payable in respect of an Award, including its grant, its exercise, the lapse of restrictions thereon, or any payment or transfer thereunder or
under the Plan, and to take such other action as may be necessary in the opinion of the Company to satisfy its withholding obligations for the payment of such taxes. In the event that Units that would otherwise be issued pursuant to an Award are
used to satisfy such withholding obligations, the number of Units which may be so withheld or surrendered shall be limited to the number of Units which have a Fair Market Value on the date of withholding equal to the aggregate amount of such
liabilities based on the minimum statutory withholding rates for federal, state, local and foreign income tax and payroll tax purposes that are applicable to such supplemental taxable income. 

(c) No Right to Employment or Services. The grant of an Award shall not be construed as giving a Participant the right to be retained
in the employ of the Company, the Partnership or any of their Affiliates, or to continue to serve as a Consultant or a Director, as applicable. Furthermore, the Company, the Partnership and/or an Affiliate thereof may at any time dismiss a
Participant from employment or consulting free from any liability or any claim under the Plan, unless otherwise expressly provided in the Plan, any Award Agreement or other written agreement between any such entity and the Participant. 

  
 -13- 

 (d) No Rights as Unitholder. Except as otherwise provided herein, a Participant shall have
none of the rights of a unitholder with respect to Units covered by any Award unless and until the Participant becomes the record owner of such Units. 

(e) Section 409A. To the extent that the Committee determines that any Award granted under the Plan is subject to Section 409A, the
Award Agreement evidencing such Award shall be drafted with the intention to include the terms and conditions required by Section 409A. To the extent applicable, the Plan and Award Agreements shall be interpreted in accordance with Section 409A.
Notwithstanding any provision of the Plan to the contrary, in the event that following the Effective Date (as defined in Section 9 below), the Committee determines that any Award may be subject to Section 409A, the Committee may adopt such
amendments to the Plan and the applicable Award Agreement, adopt other policies and procedures (including amendments, policies and procedures with retroactive effect), and/or take any other actions that the Committee determines are necessary or
appropriate to preserve the intended tax treatment of the Award, including without limitation, actions intended to (i) exempt the Award from Section 409A, or (ii) comply with the requirements of Section 409A; provided, however, that
nothing herein shall create any obligation on the part of the Committee, the Partnership, the Company or any of their Affiliates to adopt any such amendment, policy or procedure or take any such other action, nor shall the Committee, the
Partnership, the Company or any of their Affiliates have any liability for failing to do so. If any termination of Service constitutes a payment event with respect to any Award which provides for the deferral of compensation and is subject to
Section 409A, such termination of Service must also constitute a “separation from service” within the meaning of Section 409A. Notwithstanding any provision in the Plan to the contrary, the time of payment with respect to any Award that is
subject to Section 409A shall not be accelerated, except as permitted under Treasury Regulation Section 1.409A-3(j)(4). Notwithstanding any provision of this Plan to the contrary, if a Participant is a
“specified employee” within the meaning of Section 409A as of the date of such Participant’s termination of Service and the Company determines that immediate payment of any amounts or benefits under this Plan would cause a violation
of Section 409A, then any amounts or benefits which are payable under this Plan upon the Participant’s “separation from service” within the meaning of Section 409A that: (i) are subject to the provisions of Section 409A;
(ii) are not otherwise exempt under Section 409A; and (iii) would otherwise be payable during the first six-month period following such separation from service, shall be paid, without interest, on
the first business day following the earlier of: (1) the date that is six months and one day following the date of termination; or (2) the date of the Participant’s death. Each payment or amount due to a Participant under this Plan
shall be considered a separate payment, and a Participant’s entitlement to a series of payments under this Plan is to be treated as an entitlement to a series of separate payments. 

(f) Lock-Up Agreement. Each Participant shall agree, if so requested by the Company or the
Partnership and any underwriter in connection with any public offering of securities of the Partnership or any Affiliate, not to directly or indirectly offer, sell, contract to sell, sell any option or contract to purchase, purchase any option or
contract to sell, grant any option, right or warrant for the sale of or otherwise dispose of or transfer any Units held by it for such period, not to exceed one hundred eighty (180) days following the effective date of the relevant registration
statement filed under the Securities Act in connection with such public offering, as such underwriter shall specify reasonably and in good faith. The Company or the 

  
 -14- 

 
Partnership may impose stop-transfer instructions with respect to securities subject to the foregoing restrictions until the end of such 180-day period.
Notwithstanding the foregoing, the 180-day period may be extended for up to such number of additional days as is deemed necessary by such underwriter or the Company or Partnership to continue coverage by
research analysts in accordance with FINRA Rule 2711 or any successor rule. 
 (g) Compliance with Laws. The Plan, the
granting and vesting of Awards under the Plan and the issuance and delivery of Units and the payment of money under the Plan or under Awards granted or awarded hereunder are subject to compliance with all applicable federal, state, local and foreign
laws, rules and regulations (including but not limited to state, federal and foreign securities law and margin requirements), the rules of any securities exchange or automated quotation system on which the Units are listed, quoted or traded, and to
such approvals by any listing, regulatory or governmental authority as may, in the opinion of counsel for the Company or the Partnership, be necessary or advisable in connection therewith. Any securities delivered under the Plan shall be subject to
such restrictions, and the Person acquiring such securities shall, if requested by the Company or the Partnership, provide such assurances and representations to the Company or the Partnership as the Company or the Partnership may deem necessary or
desirable to assure compliance with all applicable legal requirements. To the extent permitted by applicable law, the Plan and Awards granted or awarded hereunder shall be deemed amended to the extent necessary to conform to such laws, rules and
regulations. In the event an Award is granted to or held by a Participant who is employed or providing services outside the United States, the Committee may, in its sole discretion, modify the provisions of the Plan or of such Award as they pertain
to such Participant to comply with applicable foreign law or to recognize differences in local law, currency or tax policy. The Committee may also impose conditions on the grant, issuance, exercise, vesting, settlement or retention of Awards in
order to comply with such foreign law and/or to minimize the Company’s or the Partnership’s obligations with respect to tax equalization for Participants employed outside their home country. 

(h) Governing Law. The validity, construction, and effect of the Plan and any rules and regulations relating to the Plan shall be
determined in accordance with the laws of the State of Delaware without regard to its conflicts of laws principles. 
 (i)
Severability. If any provision of the Plan or any Award is or becomes, or is deemed to be, invalid, illegal, or unenforceable in any jurisdiction or as to any Person or Award, or would disqualify the Plan or any Award under any law deemed
applicable by the Committee, such provision shall be construed or deemed amended to conform to the applicable law or, if it cannot be construed or deemed amended without, in the determination of the Committee, materially altering the intent of the
Plan or the Award, such provision shall be stricken as to such jurisdiction, Person or Award and the remainder of the Plan and any such Award shall remain in full force and effect. 

(j) Other Laws. The Committee may refuse to issue or transfer any Units or other consideration under an Award if, in its sole
discretion, it determines that the issuance or transfer of such Units or such other consideration might violate any applicable law or regulation, the rules of the principal securities exchange on which the Units are then traded, or entitle the
Partnership or an Affiliate to recover the same under Section 16(b) of the Exchange Act, and any 

  
 -15- 

 
payment tendered to the Company by a Participant, other holder or beneficiary in connection with the exercise of such Award shall be promptly refunded to the relevant Participant, holder or
beneficiary. 
 (k) No Trust or Fund Created. Neither the Plan nor any Award shall create or be construed to create a trust or
separate fund of any kind or a fiduciary relationship between the Company, the Partnership or any of their Affiliates, on the one hand, and a Participant or any other Person, on the other hand. To the extent that any Person acquires a right to
receive payments pursuant to an Award, such right shall be no greater than the right of any general unsecured creditor of the Partnership or any participating Affiliate of the Partnership. 

(l) No Fractional Units. No fractional Units shall be issued or delivered pursuant to the Plan or any Award, and the Committee shall
determine whether cash, other securities, or other property shall be paid or transferred in lieu of any fractional Units or whether such fractional Units or any rights thereto shall be canceled, terminated, or otherwise eliminated. 

(m) Headings. Headings are given to the Sections and subsections of the Plan solely as a convenience to facilitate reference. Such
headings shall not be deemed in any way material or relevant to the construction or interpretation of the Plan or any provision hereof. 

(n) No Guarantee of Tax Consequences. None of the Board, the Committee, the Company or the Partnership provides or has provided any tax
advice to any Participant or any other Person or makes or has made any assurance, commitment or guarantee that any federal, state, local or other tax treatment will (or will not) apply or be available to any Participant or other Person and assumes
no liability with respect to any tax or associated liabilities to which any Participant or other Person may be subject. 
 (o)
Clawback. To the extent required by applicable law or any applicable securities exchange listing standards, or as otherwise determined by the Committee, Awards and amounts paid or payable pursuant to or with respect to Awards shall be subject
to the provisions of any clawback policy implemented by the Company or the Partnership, which clawback policy may provide for forfeiture, repurchase and/or recoupment of Awards and amounts paid or payable pursuant to or with respect to Awards.
Notwithstanding any provision of this Plan or any Award Agreement to the contrary, the Company and the Partnership reserve the right, without the consent of any Participant, to adopt any such clawback policies and procedures, including such policies
and procedures applicable to this Plan or any Award Agreement with retroactive effect. 
 (p) Unit Retention Policy. The Committee
may provide in its sole and absolute discretion, subject to applicable law, that any Units received by a Participant in connection with an Award granted hereunder shall be subject to a unit ownership, unit retention or other policy restricting the
sale or transfer of units, as the Committee may determine to adopt, amend or terminate in its sole discretion from time to time. 
 (q)
Limitation of Liability. No member of the Board or the Committee or Employee to whom the Board or the Committee has delegated authority in accordance with the provisions of Section 3 of this Plan shall be liable for anything done or
omitted to be done by him or her by 

  
 -16- 

 
any member of the Board or the Committee or by any Employee in connection with the performance of any duties under this Plan, except for his or her own willful misconduct or as expressly provided
by statute. 
 (r) Facility Payment. Any amounts payable hereunder to any Person under legal disability or who, in the judgment of
the Committee, is unable to manage properly his or her financial affairs, may be paid to the legal representative of such Person, or may be applied for the benefit of such Person in any manner that the Committee may select, and the Partnership, the
Company and all of their Affiliates shall be relieved of any further liability for payment of such amounts. 
 SECTION 9. Term of the
Plan. 
 The Plan shall be effective on the date on which the Plan is adopted by the Board (the “Effective Date”) and
shall continue until the date terminated by the Board. However, any Award granted prior to such termination, and the authority of the Board or the Committee to amend, alter, adjust, suspend, discontinue, or terminate any such Award or to waive any
conditions or rights under such Award, shall extend beyond such termination date. The Plan shall, within twelve (12) months after the date of the Board’s initial adoption of the Plan, be submitted for approval by a majority of the
outstanding Units of the Partnership entitled to vote. 

  
 -17-EX-10.3

 Exhibit 10.3 
  

FORM OF 
 OMNIBUS
AGREEMENT 
 by and among 

HOWARD MIDSTREAM ENERGY PARTNERS, LLC 

HEP SERVICES, 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 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	ARTICLE I DEFINITIONS	  	 	1	 
			
	1.1    	 	 Definitions
	  	 	1	 
	1.2    	 	 Rules of Construction
	  	 	6	 
		
	ARTICLE II INDEMNIFICATION	  	 	6	 
			
	2.1    	 	 HEP Indemnification
	  	 	6	 
	2.2    	 	 Partnership Group Assumption and Indemnification
	  	 	7	 
	2.3    	 	 Indemnification Procedures
	  	 	8	 
	2.4    	 	 Limitations Regarding Indemnification
	  	 	9	 
	2.5    	 	 Express Negligence
	  	 	10	 
	2.6    	 	 Exclusive Remedy
	  	 	10	 
		
	ARTICLE III SERVICES; REIMBURSEMENT	  	 	10	 
			
	3.1    	 	 General and Administrative Services
	  	 	10	 
	3.2    	 	 Administrative Fee
	  	 	10	 
	3.3    	 	 Reimbursement of General and Administrative Expenses
	  	 	12	 
		
	ARTICLE IV RIGHT OF FIRST REFUSAL	  	 	12	 
			
	4.1    	 	 Right of First Refusal to Purchase Certain Assets
	  	 	12	 
	4.2    	 	 Procedures for Transfer of ROFR Assets
	  	 	12	 
		
	ARTICLE V MISCELLANEOUS	  	 	15	 
			
	5.1    	 	 Confidentiality
	  	 	15	 
	5.2    	 	 Choice of Law; Mediation; Submission to Jurisdiction
	  	 	16	 
	5.3    	 	 Notice
	  	 	16	 
	5.4    	 	 Entire Agreement
	  	 	17	 
	5.5    	 	 Termination of Agreement
	  	 	17	 
	5.6    	 	 Amendment or Modification
	  	 	17	 
	5.7    	 	 Assignment
	  	 	17	 
	5.8    	 	 Counterparts
	  	 	17	 
	5.9    	 	 Severability
	  	 	18	 
	5.10  	 	 Further Assurances
	  	 	18	 
	5.11  	 	 Rights of Limited Partners
	  	 	18	 
		
	SCHEDULES:	  			
	Schedule A	 	 Subject Matters
	  			
	Schedule B	 	 General and Administrative Services
	  			
	Schedule C	 	 Formation Transactions
	  			
	Schedule D	 	 ROFR Assets
	  			

  
 i 

 OMNIBUS AGREEMENT 

This OMNIBUS AGREEMENT (this “Agreement”) is entered into on, and effective as of, the Closing Date (as defined
herein) by and among HOWARD MIDSTREAM ENERGY PARTNERS, LLC, a Delaware limited liability company (“HEP”), 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”), HOWARD MIDSTREAM OPCO, LP, a Delaware limited partnership (“OpCo”) and HEP
SERVICES, LLC, a Delaware limited liability company (“HEP Services”) (each, a “Party” and, collectively, the “Parties”). 

RECITALS 
 1. Capitalized
terms used in this Agreement are defined in Article I. 
 2. The Parties desire by their execution of this Agreement to evidence
their understanding, as more fully set forth in Article II, with respect to certain indemnification obligations of the Parties to each other. 

3. The Parties desire by their execution of this Agreement to evidence their understanding, as more fully set forth in Article III,
with respect to (i) the amount to be paid by the Partnership for general and administrative services relating to operating the Partnership’s business to be performed by HEP and its Affiliates (including the General Partner) for and on
behalf of the Partnership Group and (ii) the reimbursement of expenses incurred by HEP and its Affiliates on behalf of the Partnership Group. 

4. The Parties desire by their execution of this Agreement to evidence their understanding, as more fully set forth in Article IV, with
respect to the Partnership’s right of first refusal to purchase the ROFR Assets. 
 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 agree as follows: 

ARTICLE I 

DEFINITIONS 
 
1.1 Definitions. As used in this Agreement, the following terms shall have the meanings set forth below: 

“Acquisition Proposal” is defined in Section 4.2(a). 

“Administrative Fee” is defined in Section 3.2(a). 

 “Affiliate” means, with respect to any Person, any other Person that
directly, or indirectly through one or more intermediaries, Controls, or is Controlled by, or is Under Common Control With, such Person. 

“Agreement” means this Omnibus Agreement, as it may be amended, modified, supplemented or restated from time to time
in accordance with the terms hereof. 
 “Assets” means (a) the Interests and (b) the Partnership Assets.

 “Closing Date” means [●], 2017. 

“Confidential Information” means any proprietary or confidential information that is competitively sensitive material
or otherwise of value to a Party or its Affiliates and not generally known to the public, including trade secrets, scientific or technical information, designs, inventions, processes, procedures, formulas, improvements, product planning information,
marketing strategies, financial information, information regarding operations, consumer and/or customer relationships, consumer and/or customer identities and profiles, sales estimates, business plans, and internal performance results relating to
the past, present or future business activities of a Party or its Affiliates and the consumers, customers, clients and suppliers of any of the foregoing. Confidential Information includes such information as may be contained in or embodied by
documents, substances, engineering and laboratory notebooks, reports, data, specifications, computer source code and object code, flow charts, databases, drawings, pilot plants or demonstration or operating facilities, diagrams, specifications,
bills of material, equipment, prototypes and models, and any other tangible manifestation (including data in computer or other digital format) of the foregoing; provided, however, that Confidential Information does not include
information that a Receiving Party can show (a) has been published or has otherwise become available to the general public as part of the public domain without breach of this Agreement, (b) has been furnished or made known to the Receiving
Party without any obligation to keep it confidential by a third party under circumstances which are not known to the Receiving Party to involve a breach of the third party’s obligations to a Party or (c) was developed independently of
information furnished or made available to the Receiving Party as contemplated under this Agreement. 
 “Contribution
Agreement” means that certain Contribution, Conveyance and Assumption Agreement, dated as of the date hereof, by and among HEP, PIP5 Skyline, LLC, the General Partner, the Partnership, the Operating Company, OpCo GP and OpCo, together
with the additional conveyance documents and instruments contemplated or referenced thereunder, as such may be amended, supplemented or restated from time to time. 

“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. 
 “Deductible” is defined in Section 2.4(a). 

“Delaware LLC Act” means the Delaware Limited Liability Company Act. 

  
 2 

 “Disclosing Party” is defined in Section 5.1(a). 

“Disposition Notice” is defined in Section 4.2(a). 

“DRULPA” means the Delaware Revised Uniform Limited Partnership Act. 

“Environmental Laws” means all federal, state and local laws, statutes, rules, regulations, orders, judgments,
ordinances, codes, injunctions, decrees, Environmental Permits and other legally enforceable requirements and rules of common law now or hereinafter in effect relating to (a) pollution or protection of human health, natural resources, wildlife
and the environment (including air, surface and subsurface land or waters) or workplace health or safety, including the federal Comprehensive Environmental Response, Compensation, and Liability Act of 1980, as amended, 42 U.S.C. §§9601 et
seq., the Resource Conservation and Recovery Act of 1976, as amended, 42 U.S.C. §§6901 et seq., the Clean Air Act, as amended, 42 U.S.C. §§7401 et seq., the Federal Water Pollution Control Act, as amended, 33 U.S.C.
§§1251 et seq., the Toxic Substances Control Act, as amended, 15 U.S.C. §§2601 et seq., the Oil Pollution Act of 1990, 33 U.S.C. §§2701 et seq., the Safe Drinking Water Act of 1974, as amended, 42 U.S.C.
§§300f et seq., the Hazardous Materials Transportation Act of 1994, as amended, 49 U.S.C. §§5101 et seq., and other environmental conservation and protection laws and the Occupational Safety and Health Act of 1970, 29 U.S.C.
§§651 et seq., and the regulations promulgated pursuant thereto, and any state or local counterparts, each as amended from time to time and (b) the generation, manufacture, processing, distribution, use, treatment, storage, transport,
handling or release of any Hazardous Substances. 
 “Environmental Permit” means any permit, approval,
identification number, license, registration, certification, order, franchise, plan, exemption, decree, agreement, right or other consent, exemption, variance or other authorization granted by, or subject to approval by, any Governmental Authority,
including those required under or issued pursuant to any applicable Environmental Law, including applications for renewal of such permits in which the application allows for continued operation under the terms of an expired permit. 

“First ROFR Acceptance Deadline” is defined in Section 4.2(a). 

“Formation Transactions” means the transactions described on Schedule C. 

“General and Administrative Services” is defined in Section 3.1(a). 

“General Partner” is defined in the Preamble. 

“Governmental Authority” means any federal, state, tribal, foreign or local governmental entity, authority,
department, court or agency, including any political subdivision thereof, exercising, or entitled to exercise, any administrative, executive, judicial, legislative, police, regulatory or taxing authority or power of any nature, and including any
arbitrating body, commission or quasi-governmental authority or self-regulating organization of competent authority exercising or enlisted to exercise similar power or authority. 

“Group Member” means any member of the Partnership Group. 

  
 3 

 “Hazardous Substance” means (a) any materials, waste, or other
substance, whether solid, liquid, gaseous, semi-solid, or any combination thereof, that is designated, defined or classified as a hazardous waste, solid waste, hazardous material, pollutant, contaminant or toxic or hazardous substance, or terms of
similar meaning, or that is otherwise regulated under any Environmental Law, including any hazardous substance as defined under the Comprehensive Environmental Response, Compensation, and Liability Act, as amended, including any mixture or solution
thereof, and including asbestos and lead-containing paints or coatings, radioactive materials, polychlorinated biphenyls and greenhouse gases and (b) petroleum, oil, gasoline, natural gas, fuel oil, motor oil, waste oil, diesel fuel, jet fuel
and other refined petroleum hydrocarbons. 
 “HEP” is defined in the Preamble. 

“HEP Group” means, collectively, HEP and each of its Subsidiaries that is not also a Group Member. 

“HEP Group Member” means any member of the HEP Group. 

“HEP Services” is defined in the Preamble. 

“HSR Act” means the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended. 

“Indemnified Party” means the Party entitled to indemnification in accordance with Article II. 

“Indemnifying Party” means the Party from whom indemnification may be sought in accordance with Article II.

 “Interests” means the equity interests in the entities being conveyed, contributed or otherwise transferred to
any Group Member pursuant to the Contribution Agreement. 
 “Limited Partner” is defined in the Partnership
Agreement. 
 “Losses” means any 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, known or unknown, fixed or contingent. 

“Mediation Notice” is defined in Section 5.2(b). 

“Offer Price” is defined in Section 4.2(a). 

“OpCo” is defined in the Preamble. 

“OpCo GP” is defined in the Preamble. 

“Operating Company” is defined in the Preamble. 

  
 4 

 “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, as it may be amended, modified, supplemented or restated from time to time in accordance with the terms thereof. 

“Partnership Assets” means all assets owned by, leased by or necessary for the operation of the business, properties
or assets of any Group Member as of the Closing Date. 
 “Partnership Change of Control” means HEP ceases to
control, directly or indirectly, the general partner of the Partnership. For purposes of this definition, “control” means the possession, directly or indirectly, of the power to direct or cause the direction of the management and
policies of the general partner of the Partnership, whether through ownership of voting securities, by contract or otherwise. 

“Partnership Group” means, collectively, the Partnership and its Subsidiaries. 

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

“Person” means an individual or a corporation, firm, limited liability company, partnership, joint venture, trust,
unincorporated organization, association, government agency or political subdivision thereof or any other entity. 
 “Proposed
Transferee” is defined in Section 4.2(a). 
 “Receiving Party” is defined in
Section 5.1(a). 
 “Representative” is defined in Section 5.1(a). 

“Retained Assets” means any assets, or portions thereof, owned by any member of the HEP Group that were not directly
or indirectly conveyed, contributed or otherwise transferred to the Partnership Group pursuant to the Contribution Agreement. 

“ROFR Acceptance Deadline” means the First ROFR Acceptance Deadline or the Second ROFR Acceptance Deadline, as
applicable. 
 “ROFR Assets” is defined in Section 4.1(a). 

“ROFR Governmental Approval Deadline” is defined in Section 4.2(c). 

“ROFR Response” is defined in Section 4.2(a). 

“Sale Assets” is defined in Section 4.2(a). 

“Second ROFR Acceptance Deadline” is defined in Section 4.2(a). 

“Subsidiary” is defined in the Partnership Agreement. 

  
 5 

 “Transfer” means to, directly or indirectly, sell, assign, lease, convey,
transfer or otherwise dispose of, whether in one or a series of transactions. 
 1.2 Rules of
Construction. Unless expressly provided for elsewhere in this Agreement, this Agreement shall be interpreted in accordance with the following provisions: 

(a) If a word or phrase is defined, its other grammatical forms have a corresponding meaning. 

(b) The headings contained in this Agreement are for reference purposes only and shall not affect the meaning or interpretation of this
Agreement. 
 (c) A reference to any Party to this Agreement or another agreement or document includes such Party’s successors and
permitted assigns. 
 (d) The words “hereof,” “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, and article, section, subsection and schedule references are to this Agreement unless otherwise specified. 

(e) The words “including,” “include,” “includes” and all variations thereof shall mean “including without
limitation.” 
 (f) The word “or” shall have the inclusive meaning represented by the phrase “and/or.” 

(g) The words “shall” and “will” have equal force and effect. 

(h) The schedules identified in this Agreement are incorporated herein by reference and made a part of this Agreement. 

(i) References to “$” or to “dollars” shall mean the lawful currency of the United States of America. 

ARTICLE II 

INDEMNIFICATION 
 
2.1 HEP Indemnification. To the fullest extent permitted by law, HEP shall indemnify, defend and hold harmless each Group Member from and against any Losses suffered or incurred by such Group Member, directly or indirectly, by reason of
or arising out of: 
 (a) the consummation of the transactions contemplated by the Contribution Agreement; 

(b) the use, ownership or operation of the Assets to the extent and only to the extent occurring on or prior to the Closing Date, including,
for the avoidance of doubt, any environmental event, condition or matter associated with or arising from the ownership or operation of the Assets (including the presence or release of Hazardous Substances on, under,

  
 6 

 
about or migrating to or from the Assets or the disposal or the release of Hazardous Substances generated by operation of the Assets at non-Asset
locations) including (i) the cost and expense of any investigation, assessment, evaluation, monitoring, containment, cleanup, repair, restoration, remediation, risk-based closure activities or other corrective action required or necessary under
Environmental Laws and (ii) the cost and expense of the preparation and implementation of any closure, remedial, corrective action or other plans required or necessary under Environmental Laws; 

(c) the Retained Assets, whether occurring before, on or after the Closing Date; 

(d) all federal, state and local tax liabilities attributable to the ownership or operation of the Assets on or prior to the Closing Date,
including under Treasury Regulation Section 1.1502-6, as it may be amended (or any similar provision of state or local law), and any such tax liabilities that may result from the consummation of the
Formation Transactions occurring prior to the Closing Date and the consummation of the transactions contemplated by the Contribution Agreement; 

(e) the failure of such Group Member to be the owner of such valid and indefeasible easement rights or fee ownership or leasehold interests in
and to the Assets as of the Closing Date to the extent and only to the extent such failure renders such Group Member liable to a third party or unable to use or operate the Assets in substantially the same manner that the Assets were used and
operated as of immediately prior to the Closing Date; 
 (f) the failure of such Group Member to have the consents, licenses, permits or
approvals necessary to allow such Group Member to use or operate the Assets in substantially the same manner that the Assets were used and operated as of immediately prior to the Closing Date; and 

(g) [the matters listed on Schedule A.]1 

2.2 Partnership Group Assumption and Indemnification. To the fullest extent permitted by law, the
Partnership Group shall indemnify, defend and hold harmless the HEP Group from and against any Losses suffered or incurred by any HEP Group Member by reason of or arising out of events and conditions to the extent associated with the use, ownership
or operation of the Assets to the extent and only to the extent occurring after the Closing Date, including, for the avoidance of doubt, any environmental event, condition or matter associated with or arising from the ownership or operation of the
Assets (including the presence or release of Hazardous Substances on, under, about or migrating to or from the Assets or the disposal or the release of Hazardous Substances generated by operation of the Assets at
non-Asset locations) including (i) the cost and expense of any investigation, assessment, evaluation, monitoring, containment, cleanup, repair, restoration, remediation, risk-based closure activities or
other corrective action required or necessary under Environmental Laws and (ii) the cost and expense of the preparation and implementation of any closure, remedial, corrective action or other plans required or necessary under Environmental
Laws, in each case to the extent not prohibited under the Partnership Agreement. 
  

	1 	Schedule A will include any matters known at the time of closing for which the MLP will seek indemnification (e.g. litigation matters). 

  
 7 

 2.3 Indemnification Procedures. 

(a) The Indemnified Party agrees that within a reasonable period of time after it becomes aware of facts giving rise to a claim for
indemnification under this Article II, 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 II, including the selection of counsel, determination of whether to appeal any decision of any court and the settling of any such claim or any
matter or any issues relating thereto; provided, however, that no such settlement for only the payment of money shall be entered into without the consent of the Indemnified Party unless it includes a full release of the Indemnified
Party from such claim; provided, further, that no such settlement containing any form of injunctive or similar relief shall be entered into without the prior written consent of the Indemnified Party, which consent shall not be unreasonably
delayed or withheld. 
 (c) The Indemnified Party agrees to cooperate in good faith and in a commercially reasonable manner with the
Indemnifying Party with respect to all aspects of the defense of and pursuit of any counterclaims relating to any claims covered by the indemnification under this Article II, 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 and counterclaims (provided, that the Indemnified Party has an
opportunity to review the use of its name and does not reasonably object to such use), 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 counterclaims, the making available to the Indemnifying Party of any employees of the Indemnified Party and the granting to the Indemnifying Party of reasonable access rights to the properties and facilities of the Indemnified
Party; provided, however, that in connection therewith the Indemnifying Party agrees to use reasonable efforts to minimize the impact thereof on the operations of the Indemnified Party and further agrees to maintain the confidentiality
of all files, records and other information furnished by the Indemnified Party pursuant to this Section 2.3. The obligation of the Indemnified Party to cooperate with the Indemnifying Party as set forth in the immediately preceding
sentence shall not be construed as imposing upon the Indemnified Party an obligation to hire and pay for counsel in connection with the defense of any claims and pursuit of any counterclaims with respect to any claims covered by the indemnification
set forth in this Article II; 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 and counterclaims. The Indemnifying Party agrees
to keep any such counsel hired by the Indemnified Party informed as to the status of any such defense or counterclaim, but the Indemnifying Party shall have the right to retain sole control over such defense and counterclaims so long as the
Indemnified Party is still seeking indemnification hereunder. 

  
 8 

 (d) In determining the amount of any loss, cost, damage or expense for which the Indemnified
Party is entitled to indemnification under this Agreement, the gross amount of the indemnification will be reduced by (i) any insurance proceeds realized by the Indemnified Party, and such correlative insurance benefit shall be net of any
incremental insurance premium that becomes due and payable by the Indemnified Party as a result of such claim and (ii) all amounts recovered by the Indemnified Party under contractual indemnities from third Persons. 

2.4 Limitations Regarding Indemnification. 

(a) HEP shall not be obligated to indemnify, defend and hold harmless any Group Member under this Agreement until such time as the total
aggregate amount of Losses incurred by the Partnership Group for such Losses exceeds $500,000 (the “Deductible”), at which time HEP shall be obligated to indemnify the Partnership Group for the amount of such Losses in excess of the
Deductible. 
 (b) The Partnership Group shall not be obligated to indemnify, defend and hold harmless any HEP Group Member under
Section 2.2 of this Agreement until such time as the total aggregate amount of Losses incurred by the HEP Group for such Losses exceeds the Deductible, at which time the Partnership Group shall be obligated to indemnify the HEP Group for
the amount of such Losses in excess of the Deductible. 
 (c) For the avoidance of doubt, (i) there is no monetary cap on the amount of
indemnity coverage provided by any Indemnifying Party under this Article II and (ii) the Partnership Group’s indemnification obligation under this Agreement shall be reduced on a dollar for dollar basis pro rata relative to
HEP’s direct or indirect ownership interest in a Group Member that owns or leases or otherwise controls the Assets with respect to which an indemnification obligation for Losses exists. 

(d) The indemnities set forth in Section 2.1(a), Section 2.1(b), Section 2.1(c), Section 2.1(d), Section
2.1(e) and Section 2.1(f) shall terminate on the third anniversary of the Closing Date. The indemnities set forth in Section 2.1(g) shall terminate on the fourth anniversary of the Closing Date. The indemnities set forth in
Section 2.2 shall survive the Closing without time limit, to the fullest extent permitted by law. Notwithstanding the foregoing, there shall be no termination of any bona fide claim asserted pursuant to the indemnities in
Section 2.1 prior to the date of termination for such indemnity. 
 (e) NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, TO THE
FULLEST EXTENT PERMITTED BY LAW, IN NO EVENT SHALL ANY PARTY’S INDEMNIFICATION OBLIGATION HEREUNDER COVER OR INCLUDE CONSEQUENTIAL, INDIRECT, INCIDENTAL, PUNITIVE, EXEMPLARY, SPECIAL OR SIMILAR DAMAGES OR LOST PROFITS (INCLUDING ANY DIMINUTION
IN VALUE OF ANY PARTY’S RESPECTIVE INVESTMENT IN THE PARTNERSHIP) SUFFERED, DIRECTLY OR INDIRECTLY, BY ANY OTHER PARTY ENTITLED TO INDEMNIFICATION UNDER THIS AGREEMENT, EXCEPT AS A REIMBURSEMENT FOR ANY SUCH DAMAGES AS ARE PAID TO A
GOVERNMENTAL AUTHORITY OR OTHER THIRD PARTY. 

  
 9 

 2.5 Express Negligence. TO THE FULLEST EXTENT PERMITTED BY
LAW, THE INDEMNIFICATION, RELEASE, ASSUMPTION AND WAIVER PROVISIONS PROVIDED FOR IN THIS AGREEMENT SHALL BE APPLICABLE WHETHER OR NOT THE LIABILITIES IN QUESTION ARISE AS A RESULT OF THE STRICT LIABILITY OR NEGLIGENCE (JOINT, SEVERAL, ACTIVE,
PASSIVE, SOLE OR CONCURRENT) OF OR BY ANY INDEMNIFIED PARTY. THE PARTIES ACKNOWLEDGE THAT THIS STATEMENT COMPLIES WITH THE EXPRESS NEGLIGENCE RULE AND IS CONSPICUOUS. 

2.6 Exclusive Remedy. Notwithstanding anything to the contrary contained in this Agreement, from and
after the Closing Date, to the fullest extent permitted by law, Section 2.1 and Section 2.2 contain the Parties’ exclusive remedy against each other with respect to breaches of the covenants
of the Parties set forth in Article II. Except for (a) the remedies contained in Section 2.1 and Section 2.2, (b) any other remedies available to the Parties at law or in equity for
breaches of provisions of this Agreement other than Article II and (c) the remedies available at law or in equity in connection with any other document delivered by a Party in connection with the transactions contemplated hereby
(including pursuant to the Contribution Agreement), from and after the Closing Date, to the fullest extent permitted by law, each of the Parties releases, remises and forever discharges the other and its Affiliates and all such Persons’ equity
holders, partners, members, officers, directors, employees, agents, advisors and representatives from any and all claims for Losses available at law or in equity, known or unknown, which such Parties might now or subsequently may have, based on,
relating to or arising out of this Agreement or the transactions contemplated hereby. 
 ARTICLE III

 SERVICES; REIMBURSEMENT 

3.1 General and Administrative Services. 

(a) HEP agrees to provide, and agrees to cause its Affiliates, including HEP Services, to provide, to the General Partner, for the Partnership
Group’s benefit, the general and administrative services that have been traditionally provided in connection with the ownership and operation of the Assets, which consist of the services set forth on Schedule B (the “General
and Administrative Services”). 
 (b) Absent the written agreement of the Parties to the contrary, the Parties agree that the
General and Administrative Services will be received by the General Partner, for the benefit of the Partnership Group, at the General Partner’s principal place of business. 

(c) The Parties acknowledge that the costs and expenses of the General and Administrative Services will be allocated among the Group Members
(which, for the avoidance of doubt, includes OpCo and each Subsidiary of OpCo) in good faith using a reasonable allocation methodology as determined by HEP. 

3.2 Administrative Fee. 

(a) As consideration for HEP’s and its Affiliates’ provision of the General and Administrative Services, the Partnership Group will
pay to HEP an annual fee that will reflect 

  
 10 

 
the costs incurred by HEP and its Affiliates in providing such General and Administrative Services (other than those costs for which HEP and its Affiliates are entitled to reimbursement pursuant
to Section 3.3), as determined in good faith by HEP in accordance with Schedule B (the “Administrative Fee”). The Parties acknowledge and agree that it is the intent of the Parties that the General and
Administrative Services be provided based on an arm’s-length standard and that the Administrative Fee is intended to reflect such standard. For the avoidance of doubt, the Parties further acknowledge and
agree that the Administrative Fee will cover the fully burdened cost of the General and Administrative Services provided by HEP and its Affiliates to the Partnership Group, as well as any third-party costs actually incurred by HEP and its Affiliates
on behalf of the Partnership Group in providing such General and Administrative Services (other than those costs for which HEP and its Affiliates are entitled to reimbursement pursuant to Section 3.3), including the following: 

(i) the compensation and employee benefits (other than unit-based compensation) of employees of HEP or its Affiliates,
including HEP Services (and any employment, payroll or similar taxes related thereto), to the extent, but only to the extent, such employees perform General and Administrative Services for the Partnership Group’s benefit. With respect to
employees that do not devote all of their business time to the Partnership Group, such compensation and employee benefits (and any withholding or payroll taxes related thereto) are intended to be allocated to the Partnership Group based on the
annual weighted average of time spent and number of employees devoting services to the Partnership Group or pursuant to such other reasonable allocation methodology as HEP may determine; 

(ii) any expenses incurred or payments made by HEP or its Affiliates on behalf of the Partnership Group for insurance coverage
with respect to the Assets or the business of the Partnership Group; and 
 (iii) all sales, use, excise, value added or
similar taxes, if any, that may be applicable from time to time with respect to the General and Administrative Services provided by HEP and its Affiliates to the Partnership Group pursuant to Section 3.1. 

(b) The Parties acknowledge and agree that the Administrative Fee may change each calendar year or upon the occurrence of a material
contribution, acquisition or disposition to or by the Partnership Group, in each case, as determined by HEP in good faith, to accurately reflect the degree and extent of the General and Administrative Services provided to the Partnership Group by
HEP, or to accurately reflect any change in the cost of providing General and Administrative Services to the Partnership Group due to changes in any law, rule or regulation applicable to HEP and its Affiliates or the Partnership Group, including any
interpretation of such laws, rules or regulations. 
 (c) The Administrative Fee shall be invoiced and paid as follows: 

(i) Within 20 days following the end of each month during the term of this Agreement, the HEP Group will submit to the
Partnership Group an invoice of the amounts due for such month for the Administrative Fee. 

  
 11 

 (ii) The Partnership Group will pay the Administrative Fee within 10 days after
the receipt of the invoice therefor. The Partnership Group shall not offset any amounts owing to it by HEP or any of its Affiliates against the Administrative Fee payable hereunder. 

3.3 Reimbursement of General and Administrative Expenses. In addition to the Administrative Fee
payable under Section 3.2, the Partnership Group will reimburse HEP and its Affiliates on a monthly basis for any additional out-of-pocket
costs and expenses actually incurred by HEP and its Affiliates in providing the General and Administrative Services, as well as any other out-of-pocket expenses incurred
on behalf of the Partnership Group, including any employment, payroll or similar taxes paid by HEP and its Affiliates in connection with any long-term incentive plan (or similar compensation plan) of the General Partner or the Partnership Group. The
HEP Group shall invoice the Partnership Group for reimbursable costs and expenses within three months of incurrence and each invoice will contain reasonably satisfactory support of such amounts and such other supporting detail as the General Partner
may reasonably require. 
 ARTICLE IV 

RIGHT OF FIRST REFUSAL 
 
4.1 Right of First Refusal to Purchase Certain Assets. 
 (a) HEP hereby grants to the Partnership a right of first refusal for a
period of seven years from the Closing Date 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 a portion or all of (i) HEP’s [●]%
limited partner interest in OpCo or (ii) HEP’s interest in those certain assets set forth on Schedule D (collectively, the “ROFR Assets”). The Parties acknowledge and agree that nothing in this Article IV shall
prevent or restrict the Transfer of the capital stock, equity or ownership interests or other securities of the General Partner or the Partnership. 

(b) The Parties acknowledge that all potential Transfers of ROFR Assets pursuant to this Article IV 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 ROFR Assets; provided, however, that HEP represents and warrants that, to its knowledge after reasonable
investigation, there are no terms in such agreements that would materially impair the rights granted to the Partnership pursuant to this Article IV with respect to any ROFR Asset. 

(c) The Partnership shall have the right, in its sole discretion, to assign its rights under this Article IV to any Group Member. 

4.2 Procedures for Transfer of ROFR Assets. 

(a) In the event HEP proposes to Transfer any of the ROFR Assets (other than a grant of a security interest to a bona fide third-party lender
or a Transfer to another HEP Group Member) pursuant to a bona fide third-party offer (an “Acquisition Proposal”), then HEP shall, prior to entering into any such Acquisition Proposal, first give notice in writing to the
Partnership (a “Disposition Notice”) of HEP’s intention to enter into such Acquisition Proposal. The Disposition Notice shall include any material terms, conditions and details as would be necessary for the Partnership
to determine whether to exercise its right of first refusal with respect to the 

  
 12 

 
Acquisition Proposal, which terms, conditions and details shall at a minimum include: the name and address of the prospective acquiror (the “Proposed Transferee”), the
ROFR Assets subject to the Acquisition Proposal (the “Sale Assets”), the purchase price offered by such Proposed Transferee (the “Offer Price”), reasonable detail concerning any non-cash portion of the proposed consideration, if any, to allow the Partnership to reasonably determine the fair market value of such non-cash consideration, HEP’s
estimate of the fair market value of any non-cash consideration and all other material terms and conditions of the Acquisition Proposal that are then known to HEP. To the extent the Proposed Transferee’s
offer 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 the Partnership and HEP are able to agree on the fair market value of any non-cash consideration or if the consideration consists solely of cash, the Partnership will provide written notice of its
decision regarding the exercise of its right of first refusal to purchase the Sale Assets (the “ROFR Response”) to HEP within 60 days of its receipt of the Disposition Notice (the “First ROFR Acceptance
Deadline”). In the event the Partnership and HEP are unable to agree on the fair market value of any non-cash consideration prior to the First ROFR Acceptance Deadline, the Partnership shall
indicate its desire to determine the fair market value of such non-cash consideration pursuant to the procedures outlined in the remainder of this Section 4.2(a) in a ROFR Response delivered prior to
the First ROFR Acceptance Deadline. If no ROFR Response is delivered by the Partnership prior to the First ROFR Acceptance Deadline, then the Partnership shall be deemed to have waived its right of first refusal with respect to such Sale Asset,
except to the extent reinstated as provided in Section 4.2(d). In the event (i) the Partnership’s determination of the fair market value of any non-cash consideration described in the
Disposition Notice is less than the fair market value of such consideration as determined by HEP in the Disposition Notice and (ii) the Partnership and HEP are unable to mutually agree upon the fair market value of such non-cash consideration within 60 days after the Partnership notifies HEP of its determination thereof, HEP and the Partnership will engage a mutually agreed upon, nationally recognized investment banking firm or
other mutually acceptable qualified appraiser to determine the fair market value of the non-cash consideration. The investment banking firm or appraiser will determine the fair market value of the non-cash consideration within 30 days of its engagement and furnish the Partnership and HEP with its determination. The fees of the investment banking firm or appraiser will be split equally between the Partnership
and HEP. Once the investment banking firm or appraiser has submitted its determination of the fair market value of the non-cash consideration, the Partnership will provide a ROFR Response to HEP within 30 days
after the investment banking firm or appraiser has submitted its determination (the “Second ROFR Acceptance Deadline”). If no ROFR Response is delivered by the Partnership prior to the Second ROFR Acceptance Deadline, then
the Partnership shall be deemed to have waived its right of first refusal with respect to such Sale Asset, except to the extent reinstated as provided in Section 4.2(d). 

(b) If the Partnership elects in a ROFR Response delivered prior to the applicable ROFR Acceptance Deadline to exercise its right of first
refusal with respect to a Sale Asset, within 60 days of the delivery of the ROFR Response, such ROFR Response shall be deemed to have been accepted by HEP and HEP shall enter into an agreement with the Partnership providing for the consummation of
the Acquisition Proposal upon the terms set forth in the ROFR Response. Unless otherwise agreed between the Partnership and HEP, the terms of the purchase and sale agreement will include the following: 

  
 13 

 (i) The Partnership will agree to deliver the Offer Price in cash (unless the
Partnership and HEP agree that such consideration will be paid, in whole or in part, in equity securities of the Partnership, an interest-bearing promissory note, or any combination thereof); 

(ii) HEP will represent that it has title to the Sale Asset and, if applicable, that such title is sufficient to operate the
Sale Asset in accordance with its intended and historical use, subject to all recorded matters and all physical conditions in existence on the closing date for the purchase of the applicable Sale Asset, plus any other such matters as the Partnership
may approve. If the Partnership desires to obtain any title insurance with respect to the Sale Asset, the full cost and expense of obtaining the same (including the cost of title examination, document duplication and policy premium) shall be borne
by the Partnership; 
 (iii) HEP will grant to the Partnership the right, exercisable at the Partnership’s risk and
expense prior to the delivery of the ROFR Response, to make such surveys, tests and inspections of the Sale Asset as the Partnership may deem desirable, so long as such surveys, tests or inspections do not damage the Sale Asset or interfere with the
activities of HEP; 
 (iv) The Partnership will have the right to terminate its obligation to purchase the Sale Asset under
this Article IV if the results of any title examination, survey, test or inspection under Section 4.2(b)(ii) or 4.2(b)(iii) above are, in the reasonable opinion of the Partnership, unsatisfactory; 

(v) the closing date for the purchase of the Sale Asset shall occur no later than 180 days following receipt by HEP of the ROFR
Response pursuant to Section 4.2(a); 
 (vi) HEP and the Partnership shall use commercially reasonable efforts to do
or cause to be done all things that may be reasonably necessary or advisable to effectuate the consummation of any transactions contemplated by this Section 4.2(b), including causing their respective Affiliates to execute, deliver and perform
all documents, notices, amendments, certificates, instruments and consents required in connection therewith; and 
 (vii)
neither the Partnership nor HEP shall have any obligation to sell or buy the Sale Assets if any of the consents referred to in Section 4.1(b) have not been obtained. 

(c) The Partnership and HEP 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 HSR Act; provided, however, that such delay shall not
exceed 60 days following the 180 days referred to in Section 4.2(b)(v) (the “ROFR Governmental Approval Deadline”) and, if governmental approvals and waiting periods shall not have been obtained or expired, as the case
may be, by such ROFR Governmental Approval Deadline, then the Partnership shall be deemed to have waived its right of first refusal with respect to the Sale Assets described in the Disposition Notice and thereafter HEP shall be free to consummate
the Transfer to the Proposed Transferee, subject to Section 4.2(d)(ii). 

  
 14 

 (d) If the Transfer to the Proposed Transferee (i) in the case of a Transfer other than a
Transfer permitted under Section 4.2(c), is not consummated in accordance with the terms of the Acquisition Proposal within the later of (A) 180 days after the applicable ROFR Acceptance Deadline and (B) three business days after the
satisfaction of all governmental approval or filing requirements, if any, or (ii) in the case of a Transfer permitted under Section 4.2(c), is not consummated within the later of (A) 60 days after the ROFR Governmental Approval Deadline
and (B) three business days after the satisfaction of all governmental approval or filing requirements, if any, then in each case the Acquisition Proposal shall be deemed to lapse, and HEP may not Transfer any of the Sale Assets described in
the Disposition Notice without complying again with the provisions of this Article IV if and to the extent then applicable. 
 
ARTICLE V 
 MISCELLANEOUS 

5.1 Confidentiality. 

(a) From and after the Closing Date, each Party (each, a “Receiving Party”) in possession of another Party’s
(each, a “Disclosing Party”) Confidential Information shall (i) hold, and shall cause its Subsidiaries and Affiliates and its and their directors, officers, employees, agents, consultants, advisors, and other
representatives (each, a “Representative” and, collectively, “Representatives”) to hold, all Confidential Information of each Disclosing Party in strict confidence, with at least the same degree of
care that applies to such Receiving Party’s confidential and proprietary information, (ii) not use such Confidential Information, except as expressly permitted by such Disclosing Party and (iii) not release or disclose such
Confidential Information to any other Person, except its Representatives or except as required by applicable law. Each Party shall be responsible for any Losses resulting from a breach of this Section 5.1 by any of its Representatives.

 (b) Notwithstanding Section 5.1(a), if a Receiving Party becomes legally compelled or obligated to disclose Confidential
Information of a Disclosing Party by a Governmental Authority or applicable law, or is required to disclose such Confidential Information pursuant to the listing standards of any applicable national securities exchange on which the Receiving
Party’s securities are listed or quoted, the Receiving Party shall promptly advise, to the fullest extent permitted by law, the Disclosing Party of such requirement or obligation to disclose Confidential Information as soon as the Receiving
Party becomes aware that such a requirement to disclose might become effective in order that, where possible in accordance with applicable law, the Disclosing Party may seek a protective order or such other remedy as the Disclosing Party may
consider appropriate in the circumstances. The Receiving Party shall disclose only that portion of the Disclosing Party’s Confidential Information that it is required or obligated to disclose and, to the fullest extent permitted by law, shall
cooperate with the Disclosing Party in allowing the Disclosing Party to seek such protective order or other relief. 
 (c) Each Party
acknowledges that a Disclosing Party would not have an adequate remedy at law for the breach by a Receiving Party of any one or more of the covenants contained in this Section 5.1 and agrees that, in the event of such breach, the Disclosing
Party may, in addition to the other remedies that may be available to it, apply to a court for an injunction to prevent breaches of this Section 5.1 and to seek to enforce specifically the terms and provisions

  
 15 

 
of this Section 5.1. Notwithstanding any other provision hereof, to the extent permitted by applicable law, the provisions of this Section 5.1 shall survive the
termination of this Agreement for a period of two years. 
 5.2 Choice of Law; Mediation; Submission to
Jurisdiction. 
 (a) 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. 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. 

(b) If the Parties cannot resolve any dispute or claim arising under this Agreement, then no earlier than 10 days nor more than 60 days
following written notice to the other Parties, any Party may initiate mandatory, non-binding mediation hereunder by giving a notice of mediation (a “Mediation Notice”) to the other
Parties to the dispute or claim. In connection with any mediation pursuant to this Section 5.2, the mediator shall be jointly appointed by the Parties to the dispute or claim and the mediation shall be conducted in San Antonio, Texas
unless otherwise agreed by the Parties to the dispute or claim. All costs and expenses of the mediator appointed pursuant to this Section 5.2 shall be shared equally by the Parties to the dispute or claim. The then-current Model ADR
Procedures for Mediation of Business Disputes of the Center for Public Resources, Inc., either as written or as modified by mutual agreement of the Parties to the dispute or claim, shall govern any mediation pursuant to this Section 5.2.
In the mediation, each Party to the dispute or claim shall be represented by one or more senior representatives who shall have authority to resolve any disputes. If a dispute or claim has not been resolved within 30 days after the receipt of the
Mediation Notice by a Party, then any Party to the dispute or claim may refer the resolution of the dispute or claim to litigation. 
 
5.3 Notice. All notices or requests or consents provided for by, or permitted to be given pursuant to, this Agreement must be in writing and must be given by (a) e-mail, (b) United States
mail, addressed to the Person to be notified, postage prepaid and registered or certified with return receipt requested, (c) delivering such notice in person or (d) facsimile to such Party. Notice given by personal delivery or mail shall
be effective upon actual receipt. Notice given by e-mail or facsimile shall be effective upon actual receipt if received during the recipient’s normal business hours or at the beginning of the
recipient’s next business day after receipt if not 

  
 16 

 
received during the recipient’s normal business hours. All notices to be sent to a Party pursuant to this Agreement shall be sent to or made at the address set forth below or at such other
address as such Party may stipulate to the other Parties in the manner provided in this Section 5.3. 
 If to any Group Member:

 Howard Midstream Partners, LP 

c/o Howard Midstream Partners GP, LLC, its general partner 

16211 La Cantera Parkway, Suite 202 

San Antonio, TX 78256 
 Attention:
General Counsel 
 Facsimile: (210) 298-2222 

E-mail: bbraden@howardep.com 

If to any HEP Group Member: 

Howard Midstream Energy Partners, LLC 

16211 La Cantera Parkway, Suite 202 

San Antonio, TX 78256 
 Attention:
General Counsel 
 Facsimile: (210) 298-2222 

E-mail: bbraden@howardep.com 

5.4 Entire Agreement. This Agreement and the Contribution Agreement constitute the entire agreement of
the Parties relating to the matters contained herein, superseding all prior contracts or agreements, whether oral or written, relating to the matters contained herein. 

5.5 Termination of Agreement. This Agreement, other than the provisions set forth in Article II
hereof, may be terminated (a) by the written agreement of all of the Parties or (b) by HEP or the Partnership immediately upon a Partnership Change of Control by written notice given to the other Parties to this Agreement. For the
avoidance of doubt, the Parties’ indemnification obligations under Article II shall, to the fullest extent permitted by law, survive the termination of this Agreement in accordance with their respective terms. 

5.6 Amendment or Modification. This Agreement may be amended or modified from time to time only by the
mutual agreement of all the Parties. Each such agreement shall be reduced to writing and shall be designated on its face an “Amendment” or an “Addendum” to this Agreement. 

5.7 Assignment. No Party shall have the right to assign its rights or obligations under this Agreement
without the consent of the other Parties; provided, however, that the General Partner and any Group Member may make a collateral assignment of this Agreement solely to secure financing for the Partnership Group. 

5.8 Counterparts. This Agreement may be executed in any number of counterparts with the same effect as
if all signatory parties had signed the same document and shall be construed together and shall constitute one and the same instrument. To the fullest extent permitted by law, delivery of an executed signature page of this Agreement by facsimile
transmission or in portable document format (.pdf) (or similar electronic format) shall be effective as delivery of a manually executed counterpart hereof. 

  
 17 

 5.9 Severability. If any provision of this Agreement
shall be held invalid or unenforceable by a Governmental Authority of competent jurisdiction, the remainder of this Agreement shall remain in full force and effect. 

5.10 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. 
 5.11 Rights of Limited Partners. The
provisions of this Agreement are enforceable solely by the Parties to this Agreement, and no Limited Partner or other interest holder of the Partnership shall have the right, separate and apart from the Partnership, to enforce any provision of this
Agreement or to compel any Party to this Agreement to comply with the terms of this Agreement. 
 [Remainder of page intentionally left
blank.] 

  
 18 

 IN WITNESS WHEREOF, the Parties have executed this Agreement on, and effective as of, the
Closing Date. 

 

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

			
	  
 By:  
	 	 

			
	 Name:
 Title:

	
	HEP SERVICES, LLC

			
	  
 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
Omnibus Agreement]

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00274-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00274-of-00352.parquet"}]]