Document:

Exhibit
10.1

 

JOINT
FILING AGREEMENT

 

AGREEMENT
dated as of March 24, 2022 between Arnold P. Kling and Moyo Partners, LLC (the “Parties”, each a “Party”).

 

Each
Party hereto represents to the other Party that it is eligible to use Schedule 13D to report its beneficial ownership in shares of Common
Stock, $0.0001 par value per share, of Yacht Finders, Inc. Each Party hereto agrees that the Schedule 13D, dated March 24, 2022, relating
to such beneficial ownership, is filed on behalf of each of them.

 

Each
of the Parties agrees to be responsible for the timely filing of the Schedule 13D and any and all amendments thereto and for the completeness
and accuracy of the information concerning itself contained in the Schedule 13D, and the other Party to the extent it knows or has reason
to believe that any information about the other Party is inaccurate.

 

	 	ARNOLD
    P. KLING
	 	 
	 	 	/s/
    Arnold P. Kling
	 	 	 
	 	MOYO
    PARTNERS, LLC
	 	 
	 	By:	/s/
    Arnold P. Kling
	 	 	Arnold
    P. Kling

    Managing
    MemberEX-10.2

 Exhibit 10.2 

Execution Version 

ESCROW AGREEMENT 
 This
ESCROW AGREEMENT, dated as of March 14, 2022 (together with Schedule A hereto, this “Agreement”), is by and among The Sinclair Companies, a Wyoming corporation, with principal offices located at 550 East South Temple, Salt Lake
City, Utah 84102 (“Sinclair HoldCo”); HF Sinclair Corporation (f/k/a Hippo Parent Corporation), a Delaware corporation, with principal offices located at 2828 North Harwood Street, Suite 1300, Dallas, Texas 75201 (“HFS”); and
AMERICAN STOCK TRANSFER & TRUST COMPANY, LLC, a New York limited liability trust company, with principal offices located at 6201 15th Avenue, Brooklyn, New York, 11219 (“Escrow Agent”). 

WHEREAS, Sinclair HoldCo and HFS have entered into a Business Combination Agreement, dated August 2, 2021 (as amended to date, the
“BCA”), by and among HFS, HollyFrontier Corporation (“HollyFrontier”), Hippo Merger Sub, Inc., a wholly owned subsidiary of HFS (“Parent Merger Sub” and together with HollyFrontier and HFS, the “HFS Parties”),
Sinclair HoldCo, and Hippo Holding LLC, a wholly owned subsidiary of Sinclair HoldCo (the “Target Company”); 
 WHEREAS, Holly
Energy Partners, a Delaware limited Partnership (“HEP”), Sinclair HoldCo and Sinclair Transportation Company, a wholly owned subsidiary of Sinclair HoldCo (“STC”), have entered into a Contribution Agreement, dated August 2,
2021 (as amended to date the “Contribution Agreement”); 
 WHEREAS, pursuant to the BCA, HFS will acquire HollyFrontier and the
Target Company by effecting (a) a holding company merger in accordance with Section 251(g) of the Delaware General Corporation Law whereby Parent Merger Sub will merge with and into HollyFrontier, with HollyFrontier surviving such merger
as a direct wholly owned subsidiary of HFS (the “HFC Merger”), and (b) immediately following the HFC Merger, a contribution whereby Sinclair HoldCo will contribute all of the equity interests of the Target Company (and cash, if
applicable) to HFS in exchange for shares of HFS, resulting in the Target Company becoming a direct wholly owned subsidiary of HFS (together with the HFC Merger, the “HFC Transactions”); 

WHEREAS, pursuant to the Contribution Agreement HEP will acquire all of the outstanding shares of STC in exchange for 21 million newly
issued common units of HEP and cash consideration equal to $325 million (the “HEP Transaction” and together with the HFC Transactions, the “Sinclair Transactions”), subject to downward adjustment pursuant to the terms of the
Contribution Agreement; 
 WHEREAS, Section 2.5(e)(i) of the BCA provides that HFS shall deposit the Escrowed Securities (defined
below) with Escrow Agent, and the Escrow Agent shall place such Escrowed Securities in a segregated escrow account (the “Escrow Account”) titled in the name of Escrow Agent for the benefit of Sinclair HoldCo to be held by Escrow Agent in
accordance with this Agreement and the BCA for the purpose of securing Sinclair HoldCo’s obligations under Section 6.22 of the BCA; 

 WHEREAS, Section 3.2(b)(i) of the Contribution Agreement provides that HEP shall
deposit the Escrowed Securities with Escrow Agent, and the Escrow Agent shall place such Escrowed Securities in an Escrow Account titled in the name of Escrow Agent for the benefit of Sinclair HoldCo to be held by Escrow Agent in accordance with
this Agreement and the Contribution Agreement for the purpose of securing Sinclair HoldCo’s obligations under Section 6.22 of the BCA; 

WHEREAS, Escrow Agent has agreed to accept, hold, and disburse the Escrowed Securities deposited with it in accordance with the terms of this
Agreement, the BCA and the Contribution Agreement; 
 WHEREAS, pursuant to the BCA, Sinclair HoldCo and HFS have appointed the
Representatives (as defined below) to represent them for all purposes in connection with this Agreement (including the Escrowed Securities); and 

WHEREAS, in order to establish the Escrow Account and otherwise to effect the provisions of the BCA, the parties hereto have entered into this
Agreement. 
 NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties
hereto, for themselves, their successors and assigns, hereby agree as follows: 
  

	1.	 Definitions. The following terms shall have the meanings indicated or referred to below, inclusive of
their singular and plural forms, except where the context requires otherwise. Unless the context requires otherwise, all references to “years,” “months,” or “days” shall mean “calendar years,” “calendar
months,” and “calendar days.” References in this Agreement to “including” shall mean “including, without limitation,” whether or not so specified. Any term not defined below which is initially capitalized in this
Agreement shall have the meaning ascribed to it in this Agreement. 

 “Affiliate” means, with respect to any
person, (a) a person which directly or indirectly through one or more intermediaries controls, is controlled by or is under common control with such person, (b) any person of which such person is the beneficial owner of a twenty-five
percent (25%) or greater interest, or (c) any person which acquires all or substantially all of the assets of such person. A person is deemed to control another person if such person, directly or indirectly, has the power to direct the
management, operations or business of such person. The term “beneficial owner” is to be determined in accordance with Rule 13d-3 of the Securities Exchange Act of 1934, as amended. 

“Business Day” shall mean any day other than a Saturday, a Sunday, or a day on which banking institutions in the State of New York
are authorized or obligated by law or executive order to close. 
 “Escrowed Securities” shall have the meaning set forth in
Section 3(a). 
 “Escrow Period” shall mean the period commencing on the date hereof and ending on the
Termination Date. 

 “HFS Representative” shall mean the persons so designated on Schedule A
hereto or any other person designated in a writing signed by HFS and delivered to Escrow Agent and Sinclair HoldCo Representative in accordance with the notice provisions of this Agreement, to act as HFS’s representative under this Agreement.

 “Joint Written Direction” shall mean a joint written direction executed by the Representatives (as defined below) and directing
Escrow Agent to disburse all or a portion of the Escrowed Securities or to take or refrain from taking an action pursuant to this Agreement. 

“Representatives” shall mean Sinclair HoldCo Representative and HFS Representative. 

“Securities” shall mean the securities set forth on Schedule A hereto. 

“Sinclair HoldCo Representative” shall mean the person so designated on Schedule A hereto or any other person designated in a
writing signed by Sinclair HoldCo and delivered to Escrow Agent and HFS Representative in accordance with the notice provisions of this Agreement, to act as Sinclair HoldCo’s representative under this Agreement. 

 

	2.	 Appointment of and Acceptance by Escrow Agent. Sinclair HoldCo and HFS hereby appoint Escrow Agent to
serve as escrow agent hereunder. Escrow Agent hereby accepts such appointment and, upon receipt of the Escrowed Securities in accordance with Section 3 below, agrees to hold and disburse the Escrowed Securities in
accordance with this Agreement. 

  

	3.	 Deposit of Escrowed Securities. 

 

	 	(a)	 Simultaneously with the execution and delivery of this Agreement, HFS will deposit with the Escrow Agent the
Securities (as so deposited, together with any new, substitute or additional securities described in Section 3(c) below, the “Escrowed Securities”). 

 

	 	(b)	 Upon receipt of the Escrowed Securities, Escrow Agent shall deliver to the Representatives a written notice
confirming such receipt. 

  

	 	(c)	 If an issuer (the “Issuer”) of any Escrowed Securities declares or issues any dividend or other
distribution in respect of such Escrowed Securities which is payable in the form of shares of capital stock (or the equivalent) of such Issuer, or in the event of a stock split or other similar transaction pursuant to which such Issuer issues shares
of capital stock (or the equivalent) in respect of the shares (or units) represented by the Escrowed Securities and such distributed or issued shares (or units) are deposited with Escrow Agent, Escrow Agent shall deliver to the Representatives a
written notice confirming such deposit and Sinclair HoldCo and HFS shall promptly provide Escrow Agent with an update to Schedule A to reflect the deposit of such equity interests and such equity interests thereupon shall be deemed to be part
of the Escrowed Securities for purposes of this Agreement. 

	 	(d)	 All Escrowed Securities shall be held by Escrow Agent and disbursed only in accordance with Section 4
hereof, provided that the parties acknowledge that the Escrowed Securities shall be registered in the name of, and record owner thereof shall be, the party identified on Schedule A hereto, which shall initially be Sinclair HoldCo.

  

	 	(e)	 The Representatives shall sign a Joint Written Direction respecting any transfer or conversion of the
Securities. 

  

	 	(f)	 All cash dividends or distributions declared or paid in respect of the Escrowed Securities shall be paid
directly to the record owner thereof as identified on Schedule A hereto, which shall initially be Sinclair HoldCo, and shall not be held in escrow. 

  

	4.	 Disbursement of Escrowed Securities. 

 

	 	(a)	 Escrow Agent shall disburse the Escrowed Securities from time to time, upon receipt of, and in accordance with,
a Joint Written Direction. Such Joint Written Direction shall contain the account information to which the Escrowed Securities shall be transferred. Upon the expiration of the Escrow Period, Escrow Agent shall disburse, upon receipt of a Joint
Written Direction, the Escrowed Securities (or the remainder of such Escrowed Securities, after any disbursement in connection with any prior Joint Written Direction(s)) in the manner described on Schedule A. Any and all disbursement of the
Escrowed Securities under this Section 4 shall be made within five (5) Business Days of Escrow Agent’s receipt of a Joint Written Direction. 

 

	 	(b)	 If there is any amount of undisbursed or unclaimed Escrowed Securities on the Termination Date (as defined in
Schedule A hereto), and if Escrow Agent shall not have received a Joint Written Direction no later than five (5) days after the Termination Date, Escrow Agent, in addition to its other rights herein, (x) (A) may maintain and manage
such Escrowed Securities for such period of time as it determines may be necessary or appropriate, including in accordance with applicable state escheatment and unclaimed property laws, as determined by Escrow Agent in its sole discretion and
(B) shall have the right to escheat any such Escrowed Securities pursuant to applicable state escheatment and unclaimed property laws and, in such case, shall remit such Escrowed Securities (less any fees, costs, expenses or other amounts due
to Escrow Agent or any other Indemnified Party (as defined below) in accordance with this Agreement (including Schedule A hereto)) to any relevant competent authority and (y) may take any other action permitted by this Agreement,
including Section 6, Section 7 and Section 10 of this Agreement. 

	5.	 Voting Rights. The record owners of the Escrowed Securities as identified on Schedule A
hereto, which shall initially be Sinclair HoldCo, shall be entitled to exercise any and all voting and other consensual rights with respect to such shares during such period as they are held in escrow without restriction hereunder.

  

	6.	 Suspension of Performance. If, at any time, (i) there shall exist any dispute between or among
Sinclair HoldCo, HFS and/or either of the Representatives with respect to the holding or disposition of all or any portion of the Escrowed Securities or any other obligations of Escrow Agent hereunder, (ii) Escrow Agent is unable to determine,
to Escrow Agent’s sole satisfaction, the proper disposition of all or any portion of the Escrowed Securities or Escrow Agent’s proper actions with respect to its obligations hereunder, or (iii) the Representatives have not, within
thirty (30) days of the furnishing by Escrow Agent of a notice of resignation pursuant to Section 7 hereof, appointed a successor escrow agent to act hereunder (which such successor escrow agent has accepted such
appointment), then Escrow Agent may, in its reasonable discretion, suspend the performance of any of its obligations (including any disbursement obligations) under this Agreement until such dispute or uncertainty shall be resolved to the sole
satisfaction of Escrow Agent or until a successor escrow agent shall have been appointed (as the case may be). 

 Escrow
Agent shall have no liability to Sinclair HoldCo, HFS, or either of the Representatives, or to their respective shareholders, partners, or members, officers or directors, employees, Affiliates or any other person with respect to any such suspension
of performance, specifically including any liability or claimed liability that may arise, or be alleged to have arisen, out of or as a result of any delay in the disbursement of Escrowed Securities or any delay in or with respect to any other action
required or requested of Escrow Agent, absent willful misconduct, fraud or gross negligence by the Escrow Agent. 
  

	7.	 Resignation of Escrow Agent. Escrow Agent may resign and be discharged from the performance of its
duties hereunder at any time by giving thirty (30) days’ prior written notice to Sinclair HoldCo, HFS, and the Representatives specifying the date when such resignation shall take effect. Upon any such notice of resignation, the
Representatives shall jointly issue to Escrow Agent a Joint Written Direction authorizing redelivery of the Escrowed Securities to a bank or trust company that has been retained as successor to Escrow Agent hereunder prior to the effective date of
such resignation. The retiring Escrow Agent shall transmit all records pertaining to the Escrowed Securities and shall transfer all Escrowed Securities to the successor escrow agent, after making copies of such records as the retiring Escrow Agent
deems advisable and after payment to the retiring Escrow Agent of all reasonable and documented fees, costs and out-of-pocket expenses (including court costs and
expenses and reasonable outside attorneys’ fees) or any other amount payable to or incurred by the retiring Escrow Agent in connection with the performance of its duties and the exercise of its rights hereunder. 

After any retiring Escrow Agent’s resignation, the provisions of this Agreement shall inure to its benefit as to any actions taken or
omitted to be taken by it while it was Escrow Agent under this Agreement. Any corporation or other entity into which Escrow Agent may be merged or converted or with which it may be merged or consolidated, or

 
any other entity to which all or a majority of all of Escrow Agent’s escrow business may be transferred by sale of assets or otherwise, shall be Escrow Agent under this Agreement without
further act or consent of any party hereto. 
  

	8.	 Liability of Escrow Agent. Escrow Agent undertakes to perform only the ministerial duties as are
expressly set forth herein and no other duties and obligations (fiduciary or otherwise) shall be implied. Escrow Agent shall have no duty to enforce any obligation of any other person to make any payment or delivery, or to direct or cause any
payment or delivery to be made, or to enforce any obligation of any other person to perform any other act. Escrow Agent shall have no liability under and no duty to inquire as to the provisions of any agreement (even though such agreement may be
referenced in this Agreement) other than this Agreement. In the event of any conflict between the terms and provisions of this Agreement and any other agreement, as to Escrow Agent, the terms and conditions of this Agreement shall control subject to
Section 29 hereof. Escrow Agent is not a party to the BCA, is not bound by any of its terms, and has not undertaken in any way to effectuate, implement or comply with the BCA. Escrow Agent shall not be liable to Sinclair
HoldCo or HFS or to anyone else for any action taken or omitted by it in good faith except to the extent that a court of competent jurisdiction determines that Escrow Agent’s fraud, gross negligence or willful misconduct was the primary cause
of any loss to Sinclair HoldCo or HFS. Escrow Agent’s sole responsibility shall be for the safekeeping and disbursement of the Escrowed Securities in accordance with the terms of this Agreement. Escrow Agent shall have no implied duties or
obligations and shall not be charged with knowledge or notice of any fact or circumstance not specifically set forth herein. Escrow Agent shall have no duty to solicit any payment which may be due to be paid with respect to the Escrowed Securities
or to confirm or verify the accuracy or correctness of any Escrowed Securities deposited in accordance with this Agreement. Escrow Agent may rely conclusively, and shall be protected in acting, upon any notice, instruction (including a Joint Written
Direction (such as a wire transfer instruction)), request, order, judgment, certification, opinion or advice of counsel (including counsel chosen by Escrow Agent), statement, demand or other instrument or document, not only as to its due execution,
validity (including the authority of the person signing or presenting the same) and effectiveness, but also as to the truth and accuracy of any information contained therein, which Escrow Agent shall believe to be genuine and to have been signed or
presented by the person or parties purporting to sign the same. In no event shall Escrow Agent be liable for incidental, indirect, special, consequential or punitive damages of any kind whatsoever (including lost profits), even if Escrow Agent has
been advised of the likelihood of such loss or damage and regardless of the form of action, absent gross negligence, fraud or willful misconduct by Escrow Agent. The officers, directors, members, partners, trustees, employees, agents, attorneys or
other representatives and Affiliates of Escrow Agent owe no duty or obligation to any party hereunder and shall have no liability to any person by reason of any error of judgment, for any act done or not done, for any mistake of fact or law, or
otherwise, absent gross negligence, fraud or willful misconduct. 

 Escrow Agent shall not be obligated to take any legal
or other action or commence any proceeding in connection with the Escrowed Securities, the Escrow Account or any other account in which the Escrowed Securities are deposited, this Agreement or the BCA, or

 
to appear in, prosecute or defend any such legal action or proceeding (whether or not it shall have been furnished with acceptable indemnification and advancement). Escrow Agent may consult legal
counsel selected by it in the event of any dispute or question as to the construction of any of the provisions hereof or of any other agreement or of its duties hereunder, or relating to any dispute or question involving any party hereto, and shall
incur no liability and shall be fully indemnified from any liability whatsoever in acting in accordance with the opinion or instruction of such counsel. Sinclair HoldCo and HFS, jointly and severally, shall promptly pay, upon demand, the reasonable
fees, costs and expenses of any such counsel. Escrow Agent shall have no responsibility with respect to the use or application of any Escrowed Securities disbursed by Escrow Agent pursuant to the provisions hereof. 

Escrow Agent is authorized, in its sole discretion, to comply with orders issued or process entered by any court with respect to the Escrowed
Securities, without determination by Escrow Agent of such court’s jurisdiction in the matter. If any portion of the Escrowed Securities is at any time attached, garnished or levied upon under any court order, or in case the payment, assignment,
transfer, conveyance or delivery of any such property shall be stayed or enjoined by any court order, or in case any order, judgment or decree shall be made or entered by any court affecting such property or any part thereof, then and in any such
event, Escrow Agent is authorized, in its sole discretion, to rely upon and comply with any such order, writ, judgment or decree which it is advised by outside legal counsel selected by it is binding upon it without the need for appeal or other
action; and if Escrow Agent complies with any such order, writ, judgment or decree, it shall not be liable to any of the parties hereto or to any other person or entity by reason of such compliance even though such order, writ, judgment or decree
may be subsequently reversed, modified, annulled, set aside or vacated. 
  

	9.	 Indemnification of Escrow Agent. From and at all times after the date of this Agreement, Sinclair HoldCo
and HFS, jointly and severally, shall, to the fullest extent permitted by law, defend, indemnify and hold harmless Escrow Agent and each director, officer, member, partner, trustee, employee, attorney, agent and Affiliate of Escrow Agent
(collectively, the “Indemnified Parties”) against any and all actions, claims (whether or not valid), losses, damages, liabilities, costs, penalties, settlements, judgments and expenses of any kind or nature whatsoever (including costs and
expenses and reasonable attorneys’ fees) incurred by or asserted against any of the Indemnified Parties from and after the date hereof, whether direct, indirect or consequential, as a result of, in connection with, or arising from or in any way
relating to any claim, demand, suit, action or proceeding (including any inquiry or investigation) by any person, including Sinclair HoldCo, HFS and/or the Representatives, whether threatened or initiated, asserting a claim for any legal or
equitable remedy against any person (whether it is an Indemnified Party or not) under any statute or regulation, including any federal or state securities laws, or under any common law or equitable cause or otherwise, arising from or in connection
with the negotiation, preparation, execution, performance or failure of performance of this Agreement or any transactions contemplated herein or relating hereto (including tax reporting or withholding or the enforcement of any rights or remedies
under or in connection with this Agreement), whether or not any such Indemnified Party 

	 	
is a party to any such action, proceeding, suit or the target of any such inquiry or investigation (without derogation of any other indemnity afforded to Escrow Agent); provided, however,
that no Indemnified Party shall have the right to be indemnified hereunder for any liability finally determined by a court of competent jurisdiction, subject to no further appeal, to have resulted from the fraud, gross negligence or willful
misconduct of such Indemnified Party. Each Indemnified Party shall, in its sole discretion, have the right to select and employ separate counsel with respect to any action or claim brought or asserted against it, and the reasonable fees of such
counsel (and such counsel’s costs and expenses) shall be paid, upon demand, by Sinclair HoldCo and HFS jointly and severally. 

The parties hereto agree that neither the payment by Sinclair HoldCo or HFS of any claim by Escrow Agent for indemnification hereunder nor the
disbursement of any amounts to Escrow Agent from the Escrow Account in respect of a claim by Escrow Agent for indemnification shall impair, limit, modify, or affect, as between Sinclair HoldCo and HFS, the respective rights and obligations of
Sinclair HoldCo, on the one hand, and HFS, on the other hand, under the BCA. 
  

	10.	 Fees, Costs and Expenses of Escrow Agent. Sinclair HoldCo and HFS shall compensate Escrow Agent for its
services hereunder in accordance with Schedule A attached hereto and, in addition, shall reimburse Escrow Agent for all of its reasonable and documented
out-of-pocket costs and expenses, including outside attorneys’ fees, travel expenses, telephone and facsimile transmission costs, postage (including express mail
and overnight delivery charges), copying charges and the like. The additional provisions and information set forth on Schedule A hereto are hereby incorporated by this reference, and form a part of this Agreement. All of the compensation and
reimbursement obligations set forth in this Section 10 shall be payable by Sinclair HoldCo and HFS, jointly and severally, upon execution of this Agreement and, in the future, upon demand by Escrow Agent; provided, that HFS
and Sinclair HoldCo hereby agree between themselves to each pay 50% of any such compensation, fees or other amounts due hereunder to Escrow Agent. 

  

	11.	 Representations and Warranties. Each of Sinclair HoldCo and HFS severally covenants and makes the
following representations and warranties to Escrow Agent: 

  

	 	(a)	 It is duly organized, validly existing, and in good standing under the laws of the state of its incorporation
or organization, and has full power and authority to execute and deliver this Agreement and to perform its obligations hereunder. 

  

	 	(b)	 It possesses such valid and current licenses, certificates, authorizations or permits issued by the appropriate
state, federal or foreign regulatory agencies or bodies necessary to conduct its respective businesses, and it has not received any notice of proceedings relating to the revocation or modification of, or
non-compliance with, any such license, certificate, authorization or permit. 

  

	 	(c)	 This Agreement has been duly approved by all necessary action, including any necessary shareholder or
membership approval, has been executed by its duly authorized officers, and constitutes its valid and binding agreement enforceable in accordance with its terms. 

	 	(d)	 The execution, delivery, and performance of this Agreement is in accordance with the BCA and will not violate,
conflict with, or cause a default under its articles of incorporation, bylaws, management agreement or other organizational document, as applicable, any applicable law, rule or regulation, any court order or administrative ruling or decree to which
it is a party or any of its property is subject, or any agreement, contract, indenture, or other binding arrangement, including the BCA, to which it is a party or any of its property is subject. 

 

	 	(e)	 The applicable persons designated on Schedule A hereto have been duly appointed to act as its
representatives hereunder and have full power and authority to execute and deliver any Joint Written Direction, to amend, modify or waive any provision of this Agreement and to take any and all other actions as the Representatives under this
Agreement, all without further consent or direction from, or notice to, it or any other party. 

  

	 	(f)	 No party other than the parties hereto has, or shall have, any lien, claim or security interest in the Escrowed
Securities or any part thereof. No financing statement under the Uniform Commercial Code is on file in any jurisdiction claiming a security interest in or describing (whether specifically or generally) the Escrowed Securities or any part thereof.

  

	 	(g)	 All of its representations and warranties contained herein are true and complete as of the date hereof and will
be true and complete at the time of any disbursement of the Escrowed Securities. 

  

	12.	 Patriot Act Disclosure; Taxpayer Certification and Reporting. 

 

	 	(a)	 Patriot Act Disclosure. Sinclair HoldCo and HFS acknowledge that a portion of the identifying
information set forth on Schedule A hereto is being requested by Escrow Agent in connection with the USA Patriot Act, Pub.L.107-56 (the “Act”), and Sinclair HoldCo and HFS agree to provide any
additional information requested by Escrow Agent in connection with the Act or any similar law, rule, regulation, order, or other governmental act to which Escrow Agent is subject, in a timely manner and consent to Escrow Agent obtaining from third
parties any such identifying information. Sinclair HoldCo and HFS each represent that all identifying information set forth on Schedule A hereto, including its Taxpayer Identification Number assigned by the Internal Revenue Service or any
other taxing authority, is true and complete on the date hereof and will be true and complete at the time of any disbursement of the Escrowed Securities. For a non-individual person such as a charity, a trust,
or other legal entity, Escrow Agent may require documentation to verify formation and existence as a legal entity. Escrow Agent may also require financial statements, licenses, identification and authorization documentation from any individual
claiming authority to represent the entity or other relevant documentation. 

	 	(b)	 Certification and Tax Reporting. Each of Sinclair HoldCo and HFS has provided Escrow Agent with its
respective fully executed Internal Revenue Service (“IRS”) Form W-9 and/or other required tax documentation. Each of Sinclair HoldCo and HFS acknowledges that, solely for U.S. federal (and where
applicable, state and local) income tax purposes, (i) Escrow Agent does not have any interest in the Escrowed Securities or the Escrow Account, and (ii) the Escrowed Securities shall be the property of (and owned by) the record owner
thereof, as identified on Schedule A hereto, which shall initially be Sinclair HoldCo. Escrow Agent shall not have any liability for the payment of taxes with respect to the Escrowed Securities, and Sinclair HoldCo shall indemnify and hold
Escrow Agent harmless from and against all such taxes. Escrow Agent shall withhold any taxes it deems appropriate in the absence of proper tax documentation or as required by law and shall remit such taxes to the appropriate authorities. Each of
Sinclair HoldCo and HFS hereby represents and warrants to Escrow Agent that (i) by providing an IRS From W-9 each such person is certifying as to its non-foreign
status for purposes of Section 1445 and Section 1446 of the Internal Revenue Code of 1986, as amended, and (ii) such underlying transaction does not constitute an installment sale requiring any tax reporting or withholding of imputed
interest or original issue discount, in each case by the Escrow Agent to the IRS or other taxing authority. 

  

	13.	 Consent to Jurisdiction and Venue. In the event that any party hereto commences a lawsuit or other
proceeding relating to or arising from this Agreement, the parties hereto agree that the United States District Court for the Southern District of the State of New York shall have the sole and exclusive jurisdiction over any such proceeding. If such
court lacks federal subject matter jurisdiction, the parties hereto agree that the Supreme Court of the State of New York within New York County shall have sole and exclusive jurisdiction. Any final judgment shall be conclusive and may be enforced
in other jurisdictions by suit on the judgment or in any other manner provided by law. Any of these courts shall be proper venue for any such lawsuit or judicial proceeding and the parties hereto waive any objection to such venue and irrevocably and
unconditionally waive and agree not to plead or claim in any such court that any such suit or proceeding in any such court has been brought in an inconvenient forum. 

The parties hereto consent to and agree to submit to the jurisdiction of any of the courts specified herein and agree to accept service of
process to vest personal jurisdiction over them in any of these courts. 
 Each party hereto irrevocably and unconditionally waives any right
to a trial by jury and agrees that any of them may file a copy of this section of this Agreement with any court as written evidence of the knowing, voluntary and bargained-for agreement among the parties
hereto irrevocably to waive the right to trial by jury in any litigation related to or arising under this Agreement. 
  

	14.	 Notice. All notices, instructions (pursuant to a Joint Written Direction or otherwise), approvals,
consents, requests, and other communications hereunder shall be in writing and shall be deemed to have been given (a) when such writing is delivered by hand or 

	 	
overnight delivery service, or (b) upon telephone call-back in accordance with Section 15 below, after being sent by e-mail
with PDF attachment from the designated e-mail account(s) of the sending person(s) as designated on Schedule A hereto to the designated e-mail account(s) of the
receiving person(s) as designated on Schedule A hereto or (c) three (3) Business Days after being mailed by first class mail (postage prepaid), in each case to the address set forth on Schedule A hereto or to such other address as
each party hereto may designate for itself by like notice. 

  

	15.	 Security Procedures. If notices, instructions (pursuant to a Joint Written Direction or otherwise),
approvals, consents, requests, and other communications, are received by Escrow Agent by e-mail at its e-mail account(s) as designated on Schedule A hereto,
Escrow Agent is authorized, but not required, to seek prompt confirmation of such communications by telephone call-back to the sending person or persons’ telephone number(s) as designated on Schedule A hereto, and Escrow Agent may rely
upon the confirmation of anyone purporting to be the person or persons so designated in that call-back. Any e-mail by PDF attachment executed by more than one person shall be sent by each signatory. The
persons and their telephone numbers authorized to receive call-backs as designated in Schedule A hereto may be changed only in a writing actually received and acknowledged by Escrow Agent and delivered in accordance with
Section 14 above and, if applicable, this Section 15. If Escrow Agent is unable to contact any such designated person, Escrow Agent is hereby authorized (but not required) both to receive written
instructions from and seek confirmation of such instructions by telephone call-back to any one or more of Sinclair HoldCo’s or HFS’s officers (each, an “Officer”), as the case may be, who shall include individuals holding titles
of Treasurer or Chief Financial Officer or more senior thereto, as Escrow Agent may select. Such Officer(s) shall deliver to Escrow Agent a fully executed incumbency certificate upon Escrow Agent’s request, and Escrow Agent may rely upon the
confirmation of anyone purporting to be any such Officer(s). The parties to this Agreement acknowledge and agree that the security procedures set forth above are commercially reasonable. 

 

	16.	 Amendment or Waiver. This Agreement may be changed, waived, discharged or terminated only by a writing
signed by the parties hereto. No delay or omission by any party hereto in exercising any right with respect hereto shall operate as a waiver. A waiver on any one occasion shall not be construed as a bar to, or waiver of, any right or remedy on any
future occasion. 

  

	17.	 Severability. To the extent any provision of this Agreement is prohibited by or invalid under applicable
law, such provision shall be ineffective to the extent of such prohibition or invalidity, without invalidating the remainder of such provision or the remaining provisions of this Agreement. 

 

	18.	 Governing Law. This Agreement shall be construed and interpreted in accordance with the internal laws of
the State of New York without giving effect to the conflict of laws principles thereof. 

  

	19.	 Entire Agreement. This Agreement constitutes the entire agreement between the parties hereto relating to
the holding, investment and disbursement of Escrowed Securities and sets forth in their entirety the obligations and duties of Escrow Agent with respect to the Escrowed Securities. 

	20.	 Binding Effect. All of the terms of this Agreement, as amended from time to time, shall be binding upon,
inure to the benefit of and be enforceable by the respective successors and assigns of Sinclair HoldCo, HFS and Escrow Agent. 

  

	21.	 Execution in Counterparts. This Agreement and any Joint Written Direction may be executed in two or more
counterparts, which when so executed shall constitute one and the same agreement or direction. Subject to Section 14 and Section 15 hereof, this Agreement and any Joint Written Direction may be
executed and delivered by e-mailing a PDF version of a signed signature page, which shall have the same force and effect as the delivery of an originally executed signature page. 

 

	22.	 Termination of Escrow Agent. Upon the first to occur of (i) the termination of the Escrow Period
(and the occurrence of the related distribution(s)), (ii) the disbursement of all Escrowed Securities pursuant to one or more Joint Written Directions, into court pursuant to Section 6 hereof, in accordance with applicable
state escheatment and unclaimed property laws or otherwise or (iii) the resignation of Escrow Agent, Escrow Agent shall be released from its obligations hereunder and Escrow Agent shall have no further obligation or liability whatsoever with
respect to this Agreement or the Escrowed Securities. The obligations of Sinclair HoldCo and HFS continue to exist notwithstanding the termination or discharge of Escrow Agent’s obligations or liabilities hereunder until the obligations of
Sinclair HoldCo and HFS have been fully performed. 

  

	23.	 Dealings. Escrow Agent and any stockholder, director, officer or employee of Escrow Agent may buy, sell,
and deal in any of the securities of Sinclair HoldCo or HFS and become pecuniarily interested in any transaction in which Sinclair HoldCo or HFS may be interested, and contract and lend money to Sinclair HoldCo or HFS and otherwise act as fully and
freely as though it were not Escrow Agent under this Agreement. Nothing herein shall preclude Escrow Agent from acting in any other capacity for Sinclair HoldCo or HFS or for any other entity. 

 

	24.	 Currency. The currency applicable to any amount payable or receivable under this Agreement is United
States dollars. 

  

	25.	 Force Majeure. Notwithstanding anything to the contrary hereunder, Escrow Agent shall not be liable for
any delay, failure to perform, or other act or non-act resulting from acts beyond its reasonable control, including acts of God, terrorism, shortage of supply, labor difficulties (including strikes), war,
civil unrest, fire, floods, electrical outages, equipment or transmission failures, internet interruption, vendor failures (including information technology providers), and other similar causes. 

 

	26.	 No Third Party Beneficiaries. This Agreement and all of its terms and conditions are for the sole and
exclusive benefit of the parties hereto and their respective permitted successors and assigns. Nothing expressed or referred to in this Agreement will be construed to give any person or entity other than the parties to this Agreement any legal or
equitable rights, remedy, or claim under or with respect to this Agreement or any term or condition of this Agreement. 

	27.	 No Strict Construction. The parties hereto have participated jointly in the negotiation and draft of
this Agreement. In the event any ambiguity or question of intent or interpretation arises, this Agreement shall be construed as if it were drafted jointly by the parties hereto, and no presumption or burden of proof shall arise favoring or
disfavoring any party hereto by virtue of authorship of any provision of this Agreement. 

  

	28.	 Priority. 

  

	 	(a)	 In the event of any conflict between the provisions of Schedule A hereto and the remainder of this
Agreement, this Agreement shall be construed in a manner prescribed by Escrow Agent acting in good faith. 

  

	 	(b)	 Nothing contained in this Agreement shall amend, replace or supersede any agreement between Sinclair HoldCo or
HFS and Escrow Agent to act as Sinclair HoldCo’s or HFS’s transfer agent, which agreement shall remain of full force and effect. 

  

	29.	 Headings. The headings in this Agreement are for convenience purposes and shall be ignored for purposes
of enforcing this Agreement, do not constitute a part of this Agreement, and may not be used by any party hereto to characterize, interpret, limit or affect otherwise any provision of this Agreement. 

[signature page follows] 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed as of the
date first above written. 
  

			
	THE SINCLAIR COMPANIES
		
	By:	 	 /s/ Ross B. Matthews

		 	Name: Ross B. Matthews
		 	Title: Chief Operating Officer
	
	HF SINCLAIR CORPORATION
		
	By:	 	 /s/ Michael Jennings

		 	Name: Michael Jennings
		 	Title: Chief Executive Officer
	
	AMERICAN STOCK TRANSFER & TRUST COMPANY, LLC, as Escrow Agent
		
	By:	 	 /s/ Michael Legregin

		 	Name: Michael Legregin
		 	Title: Senior Vice President, Attorney Advisory Group

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