Document:

EX-10.4

 Exhibit 10.4 

Execution Version 

ASSET LEASE AGREEMENT 

(RDU Assets) 
 BETWEEN

 CHEYENNE LOGISTICS LLC, 

AS LESSOR, 
 AND

 CHEYENNE RENEWABLE DIESEL COMPANY LLC, 

AS LESSEE, 
 with an
Effective Date of 
 January 1, 2021 

 TABLE OF CONTENTS 

 

							
	 	 	 	 	Page No.	 
	ARTICLE I DEFINITIONS AND CONSTRUCTION	 	 	1	 
			
	1.1	 	 Certain Defined Terms
	 	 	1	 
	1.2	 	 Interpretation
	 	 	1	 
		
	ARTICLE II LEASE OF RDU ASSETS; TERM; LESSOR ACCESS	 	 	1	 
			
	2.1	 	 Lease of RDU Assets; Sublease of Premises
	 	 	1	 
	2.2	 	 Lessor Access
	 	 	2	 
		
	ARTICLE III LEASE PAYMENT	 	 	2	 
			
	3.1	 	 Lease Payment
	 	 	2	 
	3.2	 	 Net Asset Lease
	 	 	2	 
		
	ARTICLE IV CONDUCT OF BUSINESS	 	 	3	 
			
	4.1	 	 Use of RDU Assets
	 	 	3	 
	4.2	 	 Governmental Regulations
	 	 	3	 
		
	ARTICLE V ALTERATIONS, ADDITIONS AND IMPROVEMENTS	 	 	3	 
		
	ARTICLE VI MAINTENANCE OF RDU ASSETS	 	 	4	 
			
	6.1	 	 Maintenance by Lessee
	 	 	4	 
	6.2	 	 Operation of RDU Assets
	 	 	4	 
	6.3	 	 Surrender of RDU Assets and Additional Improvements
	 	 	4	 
	6.4	 	 Release of Hazardous Substances
	 	 	4	 
		
	ARTICLE VII TAXES, ASSESSMENTS	 	 	5	 
			
	7.1	 	 Lessee’s Obligation to Pay
	 	 	5	 
	7.2	 	 Manner of Payment
	 	 	5	 
		
	ARTICLE VIII EMINENT DOMAIN; CASUALTY; INSURANCE	 	 	6	 
			
	8.1	 	 Total Condemnation of RDU Assets
	 	 	6	 
	8.2	 	 Partial Condemnation
	 	 	6	 
	8.3	 	 Damages and Right to Additional Property
	 	 	6	 
	8.4	 	 Casualty Events
	 	 	6	 
	8.5	 	 Insurance
	 	 	7	 
		
	ARTICLE IX ASSIGNMENT AND SUBLETTING	 	 	7	 
			
	9.1	 	 Assignment Prohibition
	 	 	7	 
		
	ARTICLE X DEFAULTS; REMEDIES; TERMINATION	 	 	7	 
			
	10.1	 	 Default by Lessee
	 	 	7	 
	10.2	 	 Lessor’s Remedies
	 	 	7	 
	10.3	 	 Default by Lessor
	 	 	8	 
	10.4	 	 Lessee’s Remedies
	 	 	8	 
		
	ARTICLE XI INDEMNITY	 	 	8	 
			
	11.1	 	 Indemnification by Lessor
	 	 	8	 

  
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	11.2	 	 Indemnification by Lessee
	 	 	9	 
	11.3	 	 Matters Involving a Third Party
	 	 	9	 
	11.4	 	 Survival
	 	 	9	 
	11.5	 	 Prior Periods
	 	 	9	 
		
	ARTICLE XII GENERAL PROVISIONS	 	 	9	 
			
	12.1	 	 Estoppel Certificates
	 	 	9	 
	12.2	 	 Severability
	 	 	10	 
	12.3	 	 Time of Essence
	 	 	10	 
	12.4	 	 Captions
	 	 	10	 
	12.5	 	 Entire Agreement; Amendment
	 	 	10	 
	12.6	 	 Schedules and Exhibits
	 	 	10	 
	12.7	 	 Notices
	 	 	10	 
	12.8	 	 Waivers
	 	 	11	 
	12.9	 	 No Partnership or Joint Venture
	 	 	11	 
	12.10	 	 No Third Party Beneficiaries
	 	 	11	 
	12.11	 	 Waiver of Landlord’s Lien
	 	 	11	 
	12.12	 	 Mutual Cooperation; Further Assurances
	 	 	11	 
	12.13	 	 Recording
	 	 	12	 
	12.14	 	 Binding Effect
	 	 	12	 
	12.15	 	 Choice of Law
	 	 	12	 
	12.16	 	 Force Majeure
	 	 	12	 
	12.17	 	 Survival
	 	 	12	 
	12.18	 	 AS IS, WHERE IS
	 	 	12	 
		
	ARTICLE XIII GUARANTEE BY HOLLYFRONTIER	 	 	13	 
			
	13.1	 	 Payment Guaranty
	 	 	13	 
	13.2	 	 Guaranty Absolute
	 	 	13	 
	13.3	 	 Waiver
	 	 	13	 
	13.4	 	 Subrogation Waiver
	 	 	13	 
	13.5	 	 Reinstatement
	 	 	14	 
	13.6	 	 Continuing Guaranty
	 	 	14	 
	13.7	 	 No Duty to Pursue Others
	 	 	14	 
		
	ARTICLE XIV GUARANTEE BY THE PARTNERSHIP	 	 	14	 
			
	14.1	 	 Payment and Performance Guaranty
	 	 	14	 
	14.2	 	 Guaranty Absolute
	 	 	14	 
	14.3	 	 Waiver
	 	 	15	 
	14.4	 	 Subrogation Waiver
	 	 	15	 
	14.5	 	 Reinstatement
	 	 	15	 
	14.6	 	 Continuing Guaranty
	 	 	15	 
	14.7	 	 No Duty to Pursue Others
	 	 	15	 

  
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 EXHIBITS 

Exhibits 
  

					
	Exhibit A	  	—	  	Definitions
	Exhibit B	  	—	  	Interpretation
	Exhibit C	  	—	  	Premises
	Exhibit D	  	—	  	RDU Assets

  
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 ASSET LEASE AGREEMENT 

(RDU Assets) 
 THIS ASSET
LEASE AGREEMENT (this “Asset Lease”) is entered into as of February 8, 2021 and effective as of January 1, 2021 (the “Effective Date”), between CHEYENNE LOGISTICS LLC, a Delaware
limited liability company (herein called “Lessor”), and CHEYENNE RENEWABLE DIESEL COMPANY LLC, a Delaware limited liability company (herein called “Lessee”). Lessor and Lessee are referred to
individually as a “Party” and collectively as the “Parties.” 
 RECITALS: 

A. Lessor has leased from HollyFrontier Cheyenne Refining LLC (“HFC Cheyenne”) certain land situated at, within or
near the refinery complex owned by HFC Cheyenne and located in the City of Cheyenne, Laramie County, Wyoming as described on Exhibit C hereto (the “Premises”) pursuant to that certain Sixth Amended and Restated Master
Lease and Access Agreement, effective as of January 1, 2021 (the “Master Lease”). 
 B. The assets set forth on
Exhibit D hereto (the “RDU Assets”) are owned by Lessor and located on the Premises. 
 C. Lessor has agreed
to lease the RDU Assets to Lessee, subject to the terms and conditions set forth in this Asset Lease. 
 AGREEMENT: 

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

ARTICLE I 

DEFINITIONS AND CONSTRUCTION 

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

LEASE OF RDU ASSETS AND SUBLEASE OF PREMISES; TERM; LESSOR ACCESS 

2.1 Lease of RDU Assets; Sublease of Premises. 

(a) In consideration of the rents, covenants, and agreements set forth herein and subject to the terms and conditions hereof, Lessor hereby
leases to Lessee and Lessee hereby leases from Lessor, the RDU Assets for the Term. In furtherance of the foregoing, and subject to the provisions of the Master Lease, Lessor hereby subleases to Lessee and Lessee hereby subleases from Lessor, the
Premises for the Term. 
 (b) At Lessee’s option, Lessee may renew this Asset Lease for up to two (2) additional five
(5) year periods (each, an “Extension Term”) upon notice (which notice shall be irrevocable) provided not more than 24 months and not less than 12 months prior to the expiration of the Initial Term or the initial
Extension Term, as applicable. The Initial Term and any Extension Term are collectively referred to as the “Term”. 

  
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 (c) If the Master Lease expires or is terminated for any reason such that Lessor no longer
has the right to occupy and use the Premises, this Asset Lease, if not sooner terminated by its terms, shall automatically terminate effective on the termination date of the Master Lease; provided, that if this Asset Lease terminates as provided in
this Section 2.1(c) (i) during the Initial Term, then all Lease Payments for the balance of the Initial Term shall immediately become due and payable and all other charges then owing hereunder shall be prorated as of
such date or (ii) after the Initial Term, then all Lease Payments and all other charges then owing hereunder shall be prorated as of such date. 

(d) Except as otherwise provided in Section 2.1(c), Section 8.1,
Section 8.2 or Section 10.2(a), this Asset Lease may not be terminated. 

2.2 Lessor Access. Lessor hereby retains for itself and its Affiliates, agents, employees and contractors (collectively,
“Lessor’s Parties”), the right of access to the Premises, the RDU Assets and any Additional Improvements to determine whether the conditions and covenants contained in this Asset Lease are
being kept and performed, all so long as such access by Lessor’s Parties does not unreasonably interfere in any material respect with Lessee’s operations of the RDU Assets and complies with Lessee’s rules, norms and procedures
governing safety and security at the Premises and the RDU Assets. 
 ARTICLE III 

LEASE PAYMENT 
 3.1
Lease Payment. 
 (a) As payment for the RDU Assets during the Term, Lessee agrees to pay Lessor for each 12-month period during the Term an amount equal to $4,848,485 (the “Lease Payment”), which Lease Payment shall be payable in installments of $1,212,121.25 on or before January 1,
April 1, July 1 and October 1, with the first such payment being due three (3) business days after this Asset Lease is signed by the Parties. For the avoidance of doubt, no Lease Payment is or shall be payable for the Premises;
the Lease Payment reserved hereunder is solely for the lease and use of the RDU Assets and any Additional Improvements. The Lease Payment shall be payable in lawful money of the United States of America at Lessor’s address set forth in
Section 12.7. 
 (b) The Lease Payment will be adjusted each year, commencing July 1, 2022, by PPI; provided,
that the PPI adjustment may not exceed 3% in any given year (for the avoidance of doubt, any PPI adjustment greater than 3% in any given year will be rounded down to 3%). If the PPI index change is negative in a given year then there will be no
change in the Lease Payment. The change factor shall be calculated as follows: annual PPI index (most current year) less annual PPI index (most current year minus 1) divided by annual PPI index (most current year minus 1). An example for year 2014
change is: [PPI (2013) – PPI (2012)] / PPI (2012) or (197.3 – 193.3) / 193.3 or .021 or 2.1%. If the PPI index is no longer published, the Parties shall negotiate in good faith to agree on a new index that gives comparable protection
against inflation or deflation, and the same method of adjustment for increases or decreases in the new index shall be used to calculate increases or decreases in the Lease Payment. If the Parties are unable to agree, a new index will be determined
in accordance with the dispute resolution provisions set forth in the Omnibus Agreement, and the same method of adjustment for increases or decreases in the new index shall be used to calculate increases or decreases in the Lease Payments. 

3.2 Net Asset Lease. Except for Capital Maintenance Costs as expressly provided in Article V or Article VI, this
is a net lease and Lessor shall not at any time be required to pay any amounts to any 

  
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utility charges or any costs associated with the maintenance, repair, alteration or improvement of the Premises, the RDU Assets or to provide any services or do any act or thing with respect to
the Premises, the RDU Assets or any part thereof or any appurtenances thereto. The Lease Payment reserved herein shall be paid without any claim on the part of Lessee for diminution, setoff or abatement and nothing shall suspend, abate or reduce any
Lease Payment to be paid hereunder, except as expressly provided herein. 
 ARTICLE IV 

CONDUCT OF BUSINESS 

4.1 Use of RDU Assets and Premises. During the Term, Lessee shall have the right to use the RDU Assets and the Premises for the
purpose of operating, maintaining, repairing, replacing, improving, and expanding the RDU Assets and any Additional Improvements in accordance with normal and customary practices in the industry and for any lawful purpose associated with the
operation and ownership of RDU Assets and any Additional Improvements. Lessee shall not commit, or suffer to be committed, any waste to the RDU Assets, the Premises or any Additional Improvements, ordinary wear and tear or damage by casualty
excepted. 
 4.2 Governmental Regulations. Subject to the obligations of Lessor to Lessee under this Asset Lease, including
the indemnity provisions contained in Article XI, Lessee shall, at Lessee’s sole cost and expense, at all times comply with all applicable requirements (including requirements under Environmental Laws) of all Governmental Authorities now
in force, or which may hereafter be in force, pertaining to the RDU Assets, the Premises or Additional Improvements, and shall faithfully observe all Applicable Laws pertaining to the RDU Assets, the Premises or Additional Improvements or the use,
maintenance or operation thereof. Lessee shall give prompt written notice to Lessor of Lessee’s receipt from time to time of any notice of non-compliance, order or other directive from any court or other
Governmental Authority under Environmental Laws relating to the RDU Assets, the Premises or Additional Improvements. If Lessor reasonably believes at any time that Lessee is not complying with all Applicable Laws (including requirements under
Environmental Laws) with respect to the RDU Assets, the Premises or Additional Improvements, it will provide reasonable notice to Lessee of such condition, and Lessee shall take appropriate action to cause such assets to comply with Applicable Laws
or take other actions required under Applicable Laws within a reasonable time. If Lessee fails to do so within seven (7) days after receiving a second notice from Lessor requesting such action, Lessor may take those actions reasonably necessary
to cause the RDU Assets, the Premises and Additional Improvements to achieve compliance with Applicable Laws because of Lessee’s failure to do so, and Lessee shall reimburse Lessor all reasonable costs and expenses paid by Lessor on
Lessee’s behalf within thirty (30) days after written demand therefor and receipt of evidence of such reasonable costs and expenses. 

ARTICLE V 

ALTERATIONS, ADDITIONS AND IMPROVEMENTS 

Subject to the provisions of this Article V, Lessee may make any alterations, additions, improvements or other changes to the RDU
Assets as may be necessary or useful in connection with the operation of the RDU Assets (collectively, the “Additional Improvements”) so long as such Additional Improvements are (a) in conformity with all Applicable
Laws, (b) made after obtaining any required Permits, (c) allowed by the Master Lease and (d) approved in advance by Lessor. Lessee shall promptly pay the entire cost of any such change, addition or improvement; provided, however, that
Lessor shall reimburse Lessee for the amount of such costs, if any, that constitute Capital Maintenance Costs. Any Additional Improvements by Lessee shall be made in a good and workmanlike manner and in accordance with all Applicable Laws. Lessee
shall not have the right or power to create or permit any lien of any kind or character on the RDU Assets, the Premises or Additional Improvements by reason of repair or construction or other work. In the event any such lien is filed against the RDU
Assets, the Premises or 

  
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Additional Improvements, Lessee shall cause such lien to be discharged or bonded within thirty (30) days of the date of filing thereof. Unless otherwise agreed in writing by the Parties at
the time an Additional Improvement is made, all Additional Improvements shall be owned by Lessee for the Term of this Asset Lease and shall be removed by Lessee no later than first to occur of (y) the date on which such Additional Improvements
must be removed pursuant to this Asset Lease, or (z) one (1) year after termination of this Asset Lease (provided that in either case such Additional Improvements can be removed by Lessee without unreasonable damage or harm to the RDU Assets or
the Premises) or, at Lessee’s option exercisable by notice to Lessor, surrendered to Lessor upon the termination of this Asset Lease. 

ARTICLE VI 

MAINTENANCE OF RDU ASSETS 

6.1 Maintenance by Lessee. 

(a) Except as otherwise expressly provided in Article V, this Article VI and in Article VIII, Lessee shall at its own
cost, risk and expense at all times maintain the RDU Assets, the Premises and any Additional Improvements in compliance with the Master Lease and all Applicable Laws and in good order and repair and make all necessary repairs thereto, structural and
nonstructural, ordinary and extraordinary, and unforeseen and foreseen. When used in this Section 6.1, the term “repairs” shall include all necessary replacements, renewal, alterations and additions.
Notwithstanding the foregoing, Lessor shall remain responsible for all Capital Maintenance Costs in respect of the RDU Assets and the Premises, and any such Capital Maintenance Costs incurred by Lessee pursuant to this Asset Lease shall be
reimbursed by Lessor. All repairs made by Lessee shall be made in accordance with normal and customary practices in the industry, in a good and workmanlike manner, and in accordance with all Applicable Laws. Lessee shall be responsible at its sole
cost and expense for the proper handling, removal and disposal of all materials, debris, waste and Hazardous Substances generated or resulting from such repair and maintenance activities, all in accordance with Applicable Laws. 

(b) At least annually, Lessee shall prepare a tank inspection and maintenance plan (which shall include an inspection plan, a cleaning plan, a
waste disposal plan, details regarding scheduling and a budget) for the tankage included in the RDU Assets, and, if so requested by Lessor, provide a copy of such plan to Lessor. Lessee shall conduct tank maintenance in conformity with such tank
maintenance plan at Lessee’s cost and expense, and shall report any findings from such inspections to Lessor. Lessee will use its commercially reasonable efforts to schedule the activities under such maintenance plan to minimize disruptions to
the operations of HFC Cheyenne and Lessor on the Premises. 
 6.2 Operation of RDU Assets. Subject to the obligations of
Lessor and Lessee in this Asset Lease, including any indemnity provisions contained in Article XI, Lessee covenants and agrees to operate the RDU Assets in accordance with normal and customary practices in the industry and all Applicable Laws
pertaining to the RDU Assets or Additional Improvements, or the use or operation thereof. 
 6.3 Surrender of Premises, RDU Assets and
Additional Improvements. Lessee shall, at the expiration of the Term or at any earlier termination of this Asset Lease as permitted herein, clean and idle any tanks included in the RDU Assets to standards satisfactory to Lessor, and
surrender the Premises, RDU Assets and Additional Improvements to Lessor in as good condition as it received the same, ordinary wear and tear, and limitations permitted by Article VIII excepted, and in accordance with the provisions of
Article V. 
 6.4 Release of Hazardous Substances. Lessee shall give prompt notice to Lessor of any release of any
Hazardous Substances on or at the Premises, RDU Assets or Additional Improvements that 

  
 4 

 
occur during the Term. Lessee (at its sole cost and expense) shall immediately take all steps necessary to contain or remediate (or both) any such release and provide any governmental
notifications required by Applicable Law. If Lessor believes at any time that Lessee is failing to contain or remediate in compliance with all Applicable Laws (including Environmental Laws) any release arising from Lessee’s operation of the RDU
Assets or Additional Improvements or Lessee’s failure to comply with its obligations pursuant to this Asset Lease, Lessor will provide reasonable notice to Lessee of such failure. If Lessee (at its sole cost and expense) fails to take
appropriate action to contain or remediate such a release or take other actions required under Applicable Laws or this Asset Lease within 30 days of Lessor’s reasonable notice, Lessor may, without further notice to Lessee, take such actions for
Lessee’s account. Within 30 days following the date Lessor delivers to Lessee evidence of payment for those actions by Lessor reasonably necessary to contain or remediate a release or otherwise achieve compliance with Applicable Laws or this
Asset Lease because of Lessee’s failure to do so, Lessee shall reimburse Lessor all amounts paid by Lessor on Lessee’s behalf. 

ARTICLE VII 
 TAXES,
ASSESSMENTS 
 7.1 Lessor’s Obligation to Pay. Lessor shall pay during the Term, and
without duplication under Section 6.1 of the Master Lease, all federal, state and local real and personal property ad valorem taxes, assessments, and other governmental charges, general and special, ordinary and extraordinary, of any
Governmental Authority, including assessments for public improvements or benefits, assessed against or with respect to the Premises, the RDU Assets or improvements thereto, including all Additional Improvements, or the use or operation thereof
during the Term that are payable to any lawful Governmental Authority, including any federal, state or local income, gross receipts, withholding, franchise, excise, sales, use, value added, recording, transfer or stamp tax, levy, duty, charge or
withholding of any kind imposed or assessed by any federal, state or local government, agency or authority, together with any addition to tax, penalty, fine or interest thereon, other than state or U.S. federal income tax imposed upon the taxable
income of Lessee and any franchise taxes imposed upon Lessee (such taxes and assessments being hereinafter called “Taxes”). In the event that Lessor fails to pay its share of such Taxes in accordance with the provisions of
this Section 7.1 prior to the time the same become delinquent, Lessee may pay the same and Lessor shall reimburse Lessee all amounts paid by Lessee on Lessor’s behalf within 30 days following the date Lessee delivers
to Lessor evidence of such payment. 
 7.2 Manner of Payment. Upon notice by Lessor to Lessee, Lessor and Lessee shall use
commercially reasonable efforts to cause the RDU Assets (including all Additional Improvements) to be separately assessed for purposes of Taxes as soon as reasonably practicable following the Effective Date (to the extent allowed by Applicable Law).
During the Term but subject to the provisions of Section 7.1, Lessor shall pay all Taxes assessed directly against the RDU Assets and the Additional Improvements directly to the applicable taxing authority prior to
delinquency and shall promptly thereafter provide Lessee with evidence of such payment. Until such time as Lessor and Lessee can cause the RDU Assets and the Additional Improvements to be separately assessed as provided above, Lessor shall reimburse
Lessee, upon request, for any such Taxes paid by Lessee to the applicable taxing authorities (such reimbursement to be based upon the mutual agreement of the Lessor and Lessee as to the portion of such Taxes attributable to the RDU Assets and the
Additional Improvements), subject to the terms of Section 7.1. The certificate issued or given by the appropriate officials authorized or designated by law to issue or give the same or to receive payment of such Taxes shall
be prima facie evidence of the existence, payment, nonpayment and amount of such Taxes. Lessor may contest the validity or amount of any such Taxes or the valuation of the RDU Assets and/or the Additional Improvements (to the extent any of the
foregoing may be separately issued), at Lessor’s sole cost and expense, by appropriate proceedings, diligently conducted in good faith in accordance with applicable Law. If Lessor contests such items then

  
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Lessee shall cooperate with Lessor in any such contesting of the validity or amount of any such Taxes or the valuation of the RDU Assets and/or the Additional Improvements. Taxes for the first
and last years of the Term shall be prorated between the Parties based on the portions of such years that are coincident with the applicable tax years and for which each applicable Party is responsible. 

ARTICLE VIII 
 EMINENT
DOMAIN; CASUALTY; INSURANCE 
 8.1 Total Condemnation of RDU Assets. As used in this Article VIII, the term
“Condemnation Proceedings” means any actions or proceedings in which any interest in the Premises is taken for any public or quasi-public purpose by any lawful authority through
exercise of the power of eminent domain or by purchase or other means in lieu of such exercise. If the whole of the RDU Assets and Additional Improvements are taken through Condemnation Proceedings, then this Asset Lease shall automatically
terminate as of the date of such taking, other than such terms that survive termination as expressly provided herein; provided, however, that if such Condemnation Proceedings occur during the Initial Term, then all Lease Payments for the balance of
the Initial Term shall immediately become due and payable and all other charges then owing hereunder shall be prorated as of such date; and provided further, that if such Condemnation Proceedings occur after the Initial Term, then all Lease Payments
and all other charges then owing hereunder shall be prorated as of such date. 
 8.2 Partial Condemnation. If any part of the
RDU Assets or Additional Improvements is taken through Condemnation Proceedings, and if in Lessee’s reasonable opinion such partial taking renders the RDU Assets unsuitable for the business of Lessee, then this Asset Lease shall terminate,
other than such terms that survive termination as expressly provided herein, at Lessee’s election as of the date of such taking, provided Lessee delivers to Lessor written notice of such election to terminate within thirty (30) days
following the date of such taking. In the event such termination occurs (a) during the Initial Term, then all Lease Payments for the balance of the Initial Term shall immediately become due and payable and all other charges then owing hereunder
shall be prorated as of such date or (b) after the Initial Term, then all Lease Payments and all other charges then owing hereunder shall be prorated as of such date. 

8.3 Damages and Right to Additional Property. Lessor shall be entitled to any award and all damages payable as a result
of any Condemnation Proceedings in respect of the RDU Assets that do not otherwise belong to HFC Cheyenne pursuant to the Master Lease as a result of such Condemnation Proceedings in respect of the Premises. Lessee shall have the right to claim and
recover from the condemning authority, but not from Lessor, such compensation as may be separately awarded or recoverable by Lessee in Lessee’s own right on account of any and all damage to the Additional Improvements and/or Lessee’s
business by reason of the condemnation and that does not otherwise belong to HFC Cheyenne pursuant to the Master Lease, including loss of value of any unexpired portion of the Term, and for or on account of any cost or loss to which Lessee might be
put in removing Lessee’s personal property, fixtures, leasehold improvements and equipment, including the Additional Improvements, from the RDU Assets. 

8.4 Casualty Events. During any periods of time during which the RDU Assets or Additional Improvements are destroyed, damaged,
or are being restored or reconstructed (each a “Casualty Event”) under the terms of this Section 8.4, Lease Payments hereunder shall (a) if such Casualty Event occurs during the Initial Term,
not be abated or (b) if such Casualty Event occurs after the Initial Term, be abated in the proportion that Lessee’s use thereof is impacted by such Casualty Event, on the condition that Lessee takes commercially reasonable efforts to
mitigate the disruption to its business caused by such Casualty Event. 

  
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 8.5 Insurance. Except as otherwise agreed by Lessor and Lessee, Lessee (or HFC
Cheyenne pursuant to Section 7.6 of the Master Lease) shall, at all times during the Term, maintain or cause to be maintained property and casualty (including pollution insurance coverage) insurance on the Premises, RDU Assets and the
Additional Improvements in accordance with customary industry practices and with a licensed, reputable carrier. 
 ARTICLE IX 

ASSIGNMENT AND SUBLETTING 

9.1 Assignment Prohibition. Lessee shall not, either voluntarily or by operation of law, assign, transfer, mortgage, encumber,
pledge or hypothecate this Asset Lease or Lessee’s interest in this Asset Lease, in whole or in part, or sublease the Premises or any part of the Premises, without the prior written consent of Lessor, which shall not be unreasonably withheld.
At Lessor’s option, any assignment or sublease without Lessor’s prior written consent shall be void ab initio. 
 ARTICLE
X 
 DEFAULTS; REMEDIES; TERMINATION 

10.1 Default by Lessee. The occurrence of any one or more of the following events shall constitute a material default and breach
of this Asset Lease by Lessee: 
 (a) The failure by Lessee to make when due any payment of a Lease Payment, or any other payment required
to be made by Lessee hereunder, if such failure continues for a period of 90 days following written notice from Lessor; 
 (b) The failure
by Lessee to observe or perform any of the other covenants, conditions or provisions of this Asset Lease to be observed or performed by Lessee, if such failure continues for a period of thirty (30) days following written notice from Lessor of
such failure; provided, however, if a reasonable time to cure such default would exceed thirty 30 days, Lessee shall not be in default so long as Lessee begins to cure such default within thirty (30) days of receiving written notice from Lessor
and thereafter completes the curing of such default within reasonable period of time (under the circumstances) following the receipt of such written notice from Lessor; or 

(c) The occurrence of any Bankruptcy Event of Lessee. 

10.2 Lessor’s Remedies. 

(a) Upon the occurrence of any of the events described in Section 10.1, (i) Lessor may, at Lessor’s option, at
any time thereafter that such default or breach remains uncured, without further notice or demand, terminate this Asset Lease and Lessee’s right to possession of the Premises, RDU Assets and any Additional Improvements and forthwith repossess
the Premises, RDU Assets and any Additional Improvements by any lawful means in which event Lessee shall immediately surrender possession of the Premises, RDU Assets and any Additional Improvements to Lessor and (ii) if Lessor terminates this
Asset Lease as provided in foregoing clause (i) during the Initial Term, all Lease Payments for the balance of the Initial Term shall immediately become due and payable, and (iii) any such action in foregoing clause (i) or (ii) on the
part of Lessor shall be in addition to any other remedy that may be available to Lessor for arrears of Lease Payments, or breach of contract, or otherwise, including the right of setoff. 

(b) If, by the terms of this Asset Lease, Lessee is required to do or perform any act or to pay any sum to a third party, and fails or refuses
to do so, Lessor, after thirty (30) days written notice to 

  
 7 

 
Lessee, without waiving any other right or remedy hereunder for such default, may do or perform such act, at Lessee’s expense, or pay such sum for and on behalf of Lessee, and the amounts so
expended by Lessor shall be repayable on demand, and bear interest from the date expended by Lessor until paid at a rate equal to an interest rate equal to the “Prime Rate” as published in The Wall Street Journal, Southwest Edition,
in its listing of “Money Rates” plus two percent (2%) (the “Default Rate”). Past due Lease Payments and any other past due payments required hereunder shall bear interest from maturity until paid at the Default
Rate. 
 10.3 Default by Lessor. The occurrence of any one or more of the following events shall constitute a material default
and breach of this Asset Lease by Lessor: 
 (a) The failure by Lessor to observe or perform any of the covenants, conditions or provisions
of this Asset Lease to be observed or performed by Lessor, if such failure continues for a period of thirty (30) days following written notice from Lessee; provided, however, if a reasonable time to cure such default would exceed thirty
(30) days, Lessor shall not be in default so long as Lessor begins to cure such default within thirty (30) days of receiving written notice from Lessee and thereafter completes the curing of such default within a reasonable period of time
following the receipt of such written notice from Lessee; or 
 (b) The occurrence of a Bankruptcy Event of Lessor. 

10.4 Lessee’s Remedies. Upon the occurrence of any of the events described in
Section 10.3, Lessee may, at Lessee’s option, at any time thereafter that such default or breach remains uncured, after ten days prior written notice to Lessee, perform any act that Lessor is required to do, or perform
any act or to pay any sum to a Third Party, at Lessor’s expense (to the extent the terms of this Asset Lease require such performance at Lessor’s expense) or pay such sum for and on behalf of Lessor, and the amounts so expended by Lessee
shall be repayable on demand, and bear interest from the date expended by Lessee until paid at the Default Rate. Lessee may, at Lessee’s option, deduct any such amounts so expended by Lessee from the Lease Payment and any other amounts owed
hereunder and any such action on the part of Lessee shall be in addition to any other remedy that may be available to Lessee for default or breach of contract, or otherwise, including the right of setoff. 

ARTICLE XI 
 INDEMNITY

 11.1 Indemnification by Lessor. Lessor agrees to indemnify, defend, protect, save and keep harmless Lessee and its
Affiliates and their respective officers, directors, shareholders, unitholders, members, partners, managers, agents, employees, representatives, successors and assigns (collectively, the “Lessee Indemnified Parties”) from and
against any and all liabilities, obligations, losses, damages, penalties, demands, claims (including claims involving strict or absolute liability in tort), actions, suits, costs, expenses and disbursements (including reasonable legal fees and
expenses) of any kind and nature whatsoever (collectively, the “Claims”) which may be imposed on, incurred by or asserted against any of the Lessee Indemnified Parties, in any way and to the extent relating to or arising out
of (a) any failure to perform any covenant or agreement made or undertaken by Lessor in this Asset Lease, or (b) the exercise of Lessor’s rights and obligations under Section 2.2; provided, however, Lessor
shall not have any obligation to indemnify the Lessee Indemnified Parties for any such Claim under clauses (a) or (b) to the extent resulting from or arising out of the willful misconduct or negligence (standard negligence or gross negligence)
of any of the Lessee Indemnified Parties. To the extent that the Lessee Indemnified Parties in fact receive full indemnification payments from Lessor under the indemnification provisions of this Section 11.1, Lessor shall
be subrogated to the Lessee Indemnified Parties’ rights with respect to the transaction or event requiring or giving rise to such indemnity. NOTWITHSTANDING ANYTHING  

  
 8 

 
SET FORTH IN THIS ASSET LEASE TO THE CONTRARY, IN NO EVENT SHALL LESSOR BE LIABLE FOR INCIDENTAL, INDIRECT, SPECIAL, PUNITIVE, EXEMPLARY OR CONSEQUENTIAL DAMAGES, LOST PROFITS OR OTHER
BUSINESS INTERRUPTION DAMAGES IN TORT, CONTRACT OR OTHERWISE UNDER OR ON ACCOUNT OF THIS ASSET LEASE, EXCEPT THOSE PAYABLE TO THIRD PARTIES FOR WHICH LESSOR WOULD BE LIABLE UNDER THIS SECTION 11.1. 

11.2 Indemnification by Lessee. Lessee agrees to indemnify, defend, protect, save and keep harmless Lessor and its Affiliates,
and their respective officers, directors, shareholders, unitholders, members, partners, managers, agents, employees, representatives, successors and assigns (collectively, the “Lessor Indemnified Parties”) from and against
any and all Claims which may be imposed on, incurred by or asserted against any of the Lessor Indemnified Parties, in any way and to the extent relating to or arising out of any failure to perform any covenant or agreement made or undertaken by
Lessee in this Asset Lease; provided, however, Lessee shall not have any obligation to indemnify the Lessor Indemnified Parties for any such Claim to the extent resulting from or arising out of the willful misconduct or negligence (standard
negligence or gross negligence) of any of the Lessor Indemnified Parties. To the extent that the Lessor Indemnified Parties in fact receive full indemnification payments from Lessee under the indemnification provisions of this
Section 11.2, Lessee shall be subrogated to the Lessor Indemnified Parties’ rights with respect to the transaction or event requiring or giving rise to such indemnity. NOTWITHSTANDING ANYTHING SET FORTH IN THIS
ASSET LEASE TO THE CONTRARY, IN NO EVENT SHALL LESSEE BE LIABLE FOR INCIDENTAL, INDIRECT, SPECIAL, PUNITIVE, EXEMPLARY OR CONSEQUENTIAL DAMAGES, LOST PROFITS OR OTHER BUSINESS INTERRUPTION DAMAGES IN TORT, CONTRACT OR OTHERWISE UNDER OR ON ACCOUNT
OF THIS ASSET LEASE, EXCEPT THOSE PAYABLE TO THIRD PARTIES FOR WHICH LESSEE WOULD BE LIABLE UNDER THIS SECTION 11.2. 

11.3 Matters Involving a Third Party. If any Third Party shall notify either Lessor or Lessee with respect to any action or
claim by a Third Party (a “Third-Party Claim”) that may give rise to a right to claim for indemnification against the other Party under Section 11.1 or Section 11.2, then
the Indemnified Party shall promptly notify the Indemnifying Party thereof in writing; provided, however, that failure to give timely notice shall not affect the right to indemnification to the extent such failure to give timely notice is not
prejudicial to the Indemnifying Party. 
 11.4 Survival. Notwithstanding anything contained in this Asset Lease to the
contrary, the provisions of this Article XI shall survive the expiration or earlier termination of this Asset Lease as permitted herein. 

11.5 Prior Periods. Notwithstanding anything contained in this Asset Lease to the contrary, the indemnification obligations of
Parties pursuant to the applicable provisions of the Omnibus Agreement shall continue to apply in respect of the RDU Assets for any events, conditions, liabilities or claims arising prior to the Effective Date. 

ARTICLE XII 
 GENERAL
PROVISIONS 
 12.1 Estoppel Certificates. Lessee and Lessor shall, at any time and from time to time upon not less
than twenty (20) days prior written request from the other party, execute, acknowledge and deliver to the other a statement in writing (a) certifying that this Asset Lease is unmodified and in full force and effect (or, if modified,
stating the nature of such modification and certifying that this Asset Lease, as so modified, is in full force and effect) and the date to which Lease Payments and other charges are paid, and (b) acknowledging that there are not, to the
executing party’s knowledge, any uncured defaults on the part 

  
 9 

 
of the other party hereunder (or specifying such defaults, if any are claimed). Any such statement may be conclusively relied upon by any prospective purchaser of the Premises, the RDU Assets or
the leasehold evidenced by this Asset Lease or any lender with respect to the Premises, the RDU Assets or Additional Improvements or the leasehold evidenced by this Asset Lease. Nothing in this Section 12.1 shall be
construed to waive the conditions elsewhere contained in this Asset Lease applicable to assignment or subletting of the Premises or the RDU Assets by Lessee. 

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

12.5 Entire Agreement; Amendment. This Asset Lease, the Master Lease and the Omnibus Agreement, including the exhibits attached
hereto and thereto, constitute the entire agreement and understanding between the Parties with respect to the lease of the Premises and the RDU Assets, and supersede all prior and contemporaneous agreements and undertakings of the Parties in
connection herewith. This Asset Lease may be modified in writing only, signed by the Parties. 
 12.6 Exhibits. All exhibits
hereto which are referred to herein are hereby made a part hereof and incorporated herein by such reference. 
 12.7 Notices.
Any notice or other communication given under this Asset Lease shall be in writing and shall be (i) delivered personally, (ii) sent by documented overnight delivery service, (iii) sent by email transmission, or (iv) sent by first
class mail, postage prepaid (certified or registered mail, return receipt requested). Such notice shall be deemed to have been duly given (x) if received, on the date of the delivery, with a receipt for delivery, (y) if refused, on the
date of the refused delivery, with a receipt for refusal, or (z) with respect to email transmissions, on the date the recipient confirms receipt. Notices or other communications shall be directed to the following addresses: 

Notices to Lessor: 
 Cheyenne
Logistics LLC 
 2828 N. Harwood Street, Suite 1300 

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

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

Cheyenne Logistics LLC 
 2828
N. Harwood Street, Suite 1300 
 Dallas, Texas 75201 

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

  
 10 

 Notices to Lessee: 

Cheyenne Renewable Diesel Company LLC 

2828 N. Harwood Street, Suite 1300 

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

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

Cheyenne Renewable Diesel Company LLC 

2828 N. Harwood Street, Suite 1300 

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

Any Party may at any time change its address for service from time to time by giving notice to the other Parties in accordance with this
Section 12.7. 
 12.8 Waivers. No waiver or waivers of any breach or default or any breaches or
defaults by either Party of any term, condition or liability of or performance by the other Party of any duty or obligation hereunder shall be deemed or construed to be a waiver or waivers of subsequent breaches or defaults of any kind, character or
description under any circumstance. The acceptance of a Lease Payment hereunder by Lessor shall not be a waiver of any preceding breach by Lessee of any provision hereof, other than the failure of Lessee to pay the particular Lease Payment so
accepted, regardless of Lessor’s knowledge of such preceding breach at the time of acceptance of such Lease Payment. 
 12.9 No
Partnership or Joint Venture. The relationship between Lessor and Lessee at all times shall remain solely that of landlord and tenant and shall not be deemed a partnership or joint venture. 

12.10 No Third Party Beneficiaries. Subject to the provisions of Article XI, this Asset Lease inures to the sole and
exclusive benefit of Lessor and Lessee and their permitted sublessees and assigns, and confers no benefit on any third party. 
 12.11
Waiver of Landlord’s Lien. To the extent permitted by Applicable Law, Lessor hereby expressly waives any and all liens (constitutional, statutory, contractual or otherwise) upon Lessee’s personal
property now or hereafter installed or placed in or on the Premises, the RDU Assets or Additional Improvements, which otherwise might exist to secure payment of the sums herein provided to be paid by Lessee to Lessor. 

12.12 Mutual Cooperation; Further Assurances. Upon request by either Party from time to time during the Term, each Party
hereto agrees to execute and deliver all such other and additional instruments, notices and other documents and do all such other acts and things as may be reasonably necessary to carry out the purposes of this Asset Lease and to more fully assure
the Parties’ rights and interests provided for hereunder. Lessor and Lessee each agree to reasonably cooperate with the other on all matters relating to required Permits and regulatory compliance by either Lessee or Lessor in respect of the
Premises, the RDU Assets or Additional Improvements so as to ensure continued full operation of the Premises, the RDU Assets or Additional Improvements by Lessee pursuant to the terms of this Asset Lease. 

  
 11 

 12.13 Recording. Upon the request of Lessor or Lessee, Lessor and Lessee shall
execute, acknowledge, deliver and record a “short form” memorandum of this Asset Lease in a form mutually agreeable to the Lessor and Lessee. Promptly upon request by Lessor at any time following the expiration or earlier termination of
this Asset Lease as permitted herein, however such termination may be brought about, Lessee shall execute and deliver to Lessor an instrument, in recordable form, evidencing the termination of this Asset Lease and the release by Lessee of all of
Lessee’s right, title and interest in and to the Premises existing under and by virtue of this Asset Lease. This Section 12.13 shall survive the termination of this Asset Lease. 

12.14 Binding Effect. Subject to Article IX, this Asset Lease shall be binding upon and inure to the benefit of the
Parties and their respective successors, sublessees and assigns. 
 12.15 Choice of Law. The provisions of this Asset Lease
shall be governed by and construed in accordance with the laws of the State of Texas, excluding any conflicts-of-law rule or principle that might require the application
of laws of another jurisdiction. 
 12.16 Force Majeure. In the event of Lessor or Lessee being rendered unable, wholly or in
part, by Force Majeure to carry out its obligations under this Asset Lease, other than to make payments due hereunder, it is agreed that on such Party’s giving notice and full particulars of such Force Majeure to the other Party as soon as
practicable after the occurrence of the cause relied on, then the obligations of the Parties, so far as they are affected by such Force Majeure, shall be suspended during the continuance of any inability so caused but for no longer period, and such
cause shall, as far as possible, be remedied with all reasonable dispatch. It is understood and agreed that the settlement of strikes or lockouts shall be entirely within the discretion of the Party having the difficulty, and that the above
requirements that any Force Majeure shall be remedied with all reasonable dispatch shall not require the settlement of strikes or lockouts by acceding to the demands of the opposing party when such course is inadvisable in the discretion of the
Party having the difficulty. Notwithstanding anything in this Asset Lease to the contrary, inability of a Party to make payments when due, be profitable or to secure funds, arrange bank loans or other financing, obtain credit or have adequate
capacity or production (other than for reasons of Force Majeure) shall not be regarded as events of Force Majeure. 
 12.17
Survival. All obligations of Lessor and Lessee that shall have accrued under this Asset Lease prior to the expiration or earlier termination hereof shall survive such expiration or termination to the extent the same remain unsatisfied
as of the expiration or earlier termination of this Asset Lease as permitted herein. Lessor and Lessee further expressly agree that all provisions of this Asset Lease which contemplate performance after the expiration or earlier termination hereof
shall survive such expiration or earlier termination of this Asset Lease as permitted herein. 
 12.18 AS IS, WHERE IS.
LESSEE HEREBY ACCEPTS EACH OF THE RDU ASSETS AND THE PREMISES “AS IS”, “WHERE IS”, AND “WITH ALL FAULTS”, AND LESSOR MAKES NO
REPRESENTATIONS OR WARRANTIES, EXPRESS, IMPLIED OR STATUTORY, UNDER THIS ASSET LEASE AS TO THE PHYSICAL CONDITION OF THE PREMISES OR THE RDU ASSETS, INCLUDING THE RDU ASSETS’ MERCHANTABILITY, HABITABILITY, CONDITION, FITNESS, OR
SUITABILITY FOR ANY PARTICULAR USE OR PURPOSE. 

  
 12 

 ARTICLE XIII 

GUARANTEE BY HOLLYFRONTIER 

13.1 Payment Guaranty. HollyFrontier unconditionally, absolutely, continually and irrevocably guarantees, as principal
and not as surety, to Lessor the punctual and complete payment in full when due of all amounts due from Lessee under this Asset Lease (collectively, the “Lessee Payment Obligations”) and the punctual and complete performance
of all other obligations of Lessee under this Asset Lease (collectively, the “Lessee Performance Obligations”, together with the Lessee Payment Obligations, the “Lessee Obligations”). HollyFrontier
agrees that Lessor shall be entitled to enforce directly against HollyFrontier any of the Lessee Obligations. 
 13.2 Guaranty
Absolute. HollyFrontier hereby guarantees that the Lessee Payment Obligations will be paid, and the Lessee Performance Obligations will be performed, strictly in accordance with the terms of this Asset Lease. The obligations of
HollyFrontier under this Asset Lease constitute a present and continuing guaranty of payment, and not of collection or collectability. The liability of HollyFrontier under this Asset Lease shall be absolute, unconditional, present, continuing and
irrevocable irrespective of: 
 (a) any assignment or other transfer of this Asset Lease or any of the rights thereunder of Lessor; 

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

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

(e) any absence of any notice to, or knowledge of, HollyFrontier, of the existence or occurrence of any of the matters or events set forth in
the foregoing subsections (a) through (d); or 
 (f) any other circumstance which might otherwise constitute a defense available to, or
a discharge of, a guarantor. 
 The obligations of HollyFrontier hereunder shall not be subject to any reduction, limitation, impairment or
termination for any reason, including any claim of waiver, release, surrender, alteration or compromise, and shall not be subject to any defense or setoff, counterclaim, recoupment or termination whatsoever by reason of the invalidity, illegality or
unenforceability of the Lessee Obligations or otherwise. 
 13.3 Waiver. HollyFrontier hereby waives promptness,
diligence, all setoffs, presentments, protests and notice of acceptance and any other notice relating to any of the Lessee Payment Obligations and any requirement for Lessor to protect, secure, perfect or insure any security interest or lien or any
property subject thereto or exhaust any right or take any action against Lessee, any other entity or any collateral. 
 13.4
Subrogation Waiver. HollyFrontier agrees that for so long as there is a current or ongoing default or breach of this Asset Lease by Lessee, HollyFrontier shall not have any rights (direct or indirect) of subrogation,
contribution, reimbursement, indemnification or other rights of payment or recovery from Lessee for any payments made by HollyFrontier under this Article XIII, and HollyFrontier hereby irrevocably waives and releases, absolutely and
unconditionally, any such rights of subrogation, contribution, reimbursement, indemnification and other rights of payment or recovery it may now have or hereafter acquire against Lessee during any period of default or breach of this Asset Lease by
Lessee until such time as there is no current or ongoing default or breach of this Asset Lease by Lessee. 

  
 13 

 13.5 Reinstatement. The obligations of HollyFrontier under this
Article XIII shall continue to be effective or shall be reinstated, as the case may be, if at any time any payment of any of the Lessee Payment Obligations is rescinded or must otherwise be returned to Lessee or any other entity, upon the
insolvency, bankruptcy, arrangement, adjustment, composition, liquidation or reorganization of Lessee or such other entity, or for any other reason, all as though such payment had not been made. 

13.6 Continuing Guaranty. This Article XIII is a continuing guaranty and shall (i) remain in full force and
effect until the first to occur of the indefeasible payment and/or performance in full of all of the Lessee Obligations, (ii) be binding upon HollyFrontier, its successors and assigns and (iii) inure to the benefit of and be enforceable by
Lessor and its respective successors, transferees and assigns. 
 13.7 No Duty to Pursue Others. It shall not be
necessary for Lessor (and HollyFrontier hereby waives any rights which HollyFrontier may have to require Lessor), in order to enforce such payment by HollyFrontier, first to (i) institute suit or exhaust its remedies against Lessee or others
liable on the Lessee Obligations or any other Person, (ii) enforce Lessor’s rights against any other guarantors of the Lessee Obligations, (iii) join Lessee or any others liable on the Lessee Obligations in any action seeking to
enforce this Article XIII, (iv) exhaust any remedies available to Lessor against any security which shall ever have been given to secure the Lessee Obligations, or (v) resort to any other means of obtaining payment of the Lessee
Obligations. 
 ARTICLE XIV 

GUARANTEE BY THE PARTNERSHIP 

14.1 Payment and Performance Guaranty. The Partnership unconditionally, absolutely, continually and irrevocably
guarantees, as principal and not as surety, to Lessee the punctual and complete payment in full when due of all amounts due from Lessor under this Asset Lease (collectively, the “Lessor Payment Obligations”) and the punctual
and complete performance of all other obligations of Lessor under this Asset Lease (collectively, the “Lessor Performance Obligations”, together with the Lessor Payment Obligations, the “Lessor
Obligations”). The Partnership agrees that Lessee shall be entitled to enforce directly against the Partnership any of the Lessor Obligations.  

14.2 Guaranty Absolute. The Partnership hereby guarantees that the Lessor Payment Obligations will be paid, and the
Lessor Performance Obligations will be performed, strictly in accordance with the terms of this Asset Lease. The obligations of the Partnership under this Asset Lease constitute a present and continuing guaranty of payment and performance, and not
of collection or collectability. The liability of the Partnership under this Asset Lease shall be absolute, unconditional, present, continuing and irrevocable irrespective of: 

(a) any assignment or other transfer of this Asset Lease or any of the rights thereunder of Lessee; 

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

  
 14 

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

(e) any absence of any notice to, or knowledge of, the Partnership, of the existence or occurrence of any of the matters or events set forth
in the foregoing subsections (a) through (d); or 
 (f) any other circumstance which might otherwise constitute a defense available to,
or a discharge of, a guarantor. 
 The obligations of the Partnership hereunder shall not be subject to any reduction, limitation,
impairment or termination for any reason, including any claim of waiver, release, surrender, alteration or compromise, and shall not be subject to any defense or setoff, counterclaim, recoupment or termination whatsoever by reason of the invalidity,
illegality or unenforceability of the Lessor Obligations or otherwise. 
 14.3 Waiver. The Partnership hereby waives
promptness, diligence, all setoffs, presentments, protests and notice of acceptance and any other notice relating to any of the Lessor Payment Obligations and any requirement for Lessee to protect, secure, perfect or insure any security interest or
lien or any property subject thereto or exhaust any right or take any action against Lessor, any other entity or any collateral. 
 14.4
Subrogation Waiver. The Partnership agrees that for so long as there is a current or ongoing default or breach of this Asset Lease by Lessor, the Partnership shall not have any rights (direct or indirect) of subrogation,
contribution, reimbursement, indemnification or other rights of payment or recovery from Lessor for any payments made by the Partnership under this Article XIV, and the Partnership hereby irrevocably waives and releases, absolutely and
unconditionally, any such rights of subrogation, contribution, reimbursement, indemnification and other rights of payment or recovery it may now have or hereafter acquire against Lessor during any period of default or breach of this Asset Lease by
Lessor until such time as there is no current or ongoing default or breach of this Asset Lease by Lessor. 
 14.5
Reinstatement. The obligations of the Partnership under this Article XIV shall continue to be effective or shall be reinstated, as the case may be, if at any time any payment of any of the Lessor Payment Obligations is
rescinded or must otherwise be returned to Lessor or any other entity, upon the insolvency, bankruptcy, arrangement, adjustment, composition, liquidation or reorganization of Lessor or such other entity, or for any other reason, all as though such
payment had not been made. 
 14.6 Continuing Guaranty. This Article XIV is a continuing guaranty and shall
(i) remain in full force and effect until the first to occur of the indefeasible payment and/or performance in full of all of the Lessor Obligations, (ii) be binding upon the Partnership and each of its respective successors and assigns
and (iii) inure to the benefit of and be enforceable by Lessee and their respective successors, transferees and assigns. 
 14.7
No Duty to Pursue Others. It shall not be necessary for Lessee (and the Partnership hereby waives any rights which the Partnership may have to require Lessee), in order to enforce such payment by the Partnership, first to
(i) institute suit or exhaust its remedies against Lessor or others liable on the Lessor Obligations or any other Person, (ii) enforce Lessee’s rights against any other guarantors of the Lessor Obligations, (iii) join Lessor or
any others liable on the Lessor Obligations in any action seeking to enforce this Article XIV, (iv) exhaust any remedies available to Lessee against any security which shall ever have been given to secure the Lessor Obligations, or
(v) resort to any other means of obtaining payment of the Lessor Obligations. 

  
 15 

 The Parties have executed this Asset Lease to be effective as of the Effective Date. 

 

					
	LESSOR:
		
		 	CHEYENNE LOGISTICS LLC,
		 	a Delaware limited liability company
			
		 	By:	 	 /s/ Richard L. Voliva III

					
		 	Name:	 	Richard L. Voliva, III
		 	Title:	 	President

  

					
	LESSEE:
		
		 	CHEYENNE RENEWABLE DIESEL COMPANY LLC,
		 	a Delaware limited liability company
			
		 	By:	 	 /s/ Thomas G. Creery

					
		 	Name:	 	Thomas G. Creery
		 	Title:	 	President

  

			
	ACKNOWLEDGED AND AGREED FOR PURPOSES OF ARTICLE XIII:
	
	HOLLYFRONTIER CORPORATION
		
	By:	 	 /s/ Michael C. Jennings

			
	Name:	 	Michael C. Jennings
	Title:	 	President and Chief Executive Officer

  

					
	ACKNOWLEDGED AND AGREED FOR PURPOSES OF ARTICLE XIV:
	
	HOLLY ENERGY PARTNERS, L.P.
		
	By:	 	HEP Logistics Holdings, L.P., its General Partner
		 	By:	 	Holly Logistic Services, L.L.C., its General Partner
			
		 	By:	 	 /s/ John Harrison

					
		 	Name:	 	John Harrison
		 	Title:	 	Senior Vice President, Chief Financial Officer and Treasurer

  
 16 

 EXHIBIT A 

TO 
 ASSET LEASE
AGREEMENT 
  
  

Defined Terms 

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

“Applicable Laws” means any applicable statute, law, regulation, ordinance, rule, judgment, rule
of law, order, decree, permit, approval, concession, grant, franchise, license, agreement, requirement, or other governmental restriction or any similar form of decision of, or any provision or condition of any permit, license or other operating
authorization issued under any of the foregoing by, or any determination of, any Governmental Authority having or asserting jurisdiction over the matter or matters in question, whether now or hereafter in effect and in each case as amended
(including, without limitation, all of the terms and provisions of the common law of such Governmental Authority), as interpreted and enforced at the time in question. 

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

“Capital Maintenance Costs” means costs that may be capitalized by Lessor in accordance with United States generally
accepted accounting principles; provided, that Capital Maintenance Costs do not include any costs associated with Additional Improvements. 

“control” as the meaning set forth in the definition of Affiliate. 

“Environmental Law” or “Environmental Laws” means all federal, state, and local laws,
statutes, rules, regulations, orders, and ordinances, now or hereafter in effect, relating to protection of the environment including, without limitation, the federal Comprehensive Environmental Response, Compensation, and Liability Act, the
Superfund Amendments Reauthorization Act, the Resource Conservation and Recovery Act, the Clean Air Act, the Federal Water Pollution Control Act, the Toxic Substances Control Act, the Oil Pollution Act, the Safe Drinking Water Act, the Hazardous
Materials Transportation Act, and other environmental conservation and protection laws, each as amended from time to time. 

  
 17 

 “Force Majeure” has the meaning ascribed to such term in the Omnibus
Agreement. 
 “Governmental Authority” means any federal, state, local or foreign government or any provincial,
departmental or other political subdivision thereof, or any entity, body or authority exercising executive, legislative, judicial, regulatory, administrative or other governmental functions or any court, department, commission, board, bureau,
agency, instrumentality or administrative body of any of the foregoing. 
 “Hazardous Substances” means (a) any
substance that is designated, defined, or classified as a hazardous waste, hazardous material, pollutant, contaminant, or toxic or hazardous substance, or that is otherwise regulated under any Environmental Law, including, without limitation, any
hazardous substance as defined under the Comprehensive Environmental Response, Compensation, and Liability Act, and (b) petroleum, crude oil, gasoline, natural gas, fuel oil, motor oil, waste oil, diesel fuel, jet fuel, and other refined
petroleum hydrocarbons, and biodiesel fuel. 
 “HEP Entities” means the Persons controlled by HEP Logistics
Holdings, L.P. 
 “Holly Entities” means the Persons controlled by HollyFrontier, but excluding the HEP Entities.

 “HollyFrontier” means HollyFrontier Corporation, a Delaware corporation. 

“Initial Expiration Date” means December 31, 2030. 

“Initial Term” means the period commencing on 12:01 a.m. on the Effective Date and expiring at midnight on the Initial
Expiration Date. 
 “Indemnified Party” means the Person entitled to be indemnified under either
Section 11.1 or Section 11.2. 
 “Indemnifying Party” means the
Party required to indemnify under either Section 11.1 or Section 11.2. 

“Partnership” means Holly Energy Partners, a Delaware limited partnership. 

“Permits” means all permits, licenses, franchises, authorities, consents, and approvals, as necessary under Applicable
Laws, including Environmental Laws, for operating the RDU Assets or Additional Improvements. 
 “Person” means any
individual or entity, including any partnership, corporation, association, joint stock company, trust, joint venture, limited liability company, unincorporated organization or Governmental Authority (or any department, agency or political
subdivision thereof). 
 “PPI” means the Producers Price Index-Commodities-Finished Good Index , produced by the
U.S. Department of Labor, Bureaus of Labor Statistics. The series ID is WPUFD49207 as of June 1, 2016 – located at http://www.bls.gov/data/. 

“Third Party” shall mean a Person which is not (a) Lessor or an Affiliate of Lessor, (b) Lessee or an
Affiliate of Lessee or (c) a Person that, after the signing of this Asset Lease becomes a successor entity of Lessor, Lessee or any of their respective Affiliates. An employee of Lessor or Lessee shall not be deemed an Affiliate. 

  
 18 

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

			
	 Term
	  	 Section

	Additional Improvements	  	Article V
	Asset Lease	  	Preface
	Casualty Event	  	Section 8.4
	Claims	  	Section 11.1
	Default Rate	  	Section 10.2(b)
	Effective Date	  	Preface
	Extension Term	  	Section 2.1(b)
	HFC Cheyenne	  	Recitals
	Lease Payment	  	Section 3.1(a)
	Lessee	  	Preface
	Lessee Indemnified Parties	  	Section 11.1
	Lessee Obligations	  	Section 13.1
	Lessee Payment Obligations	  	Section 13.1
	Lessee Performance Obligations	  	Section 13.1
	Lessor	  	Preface
	Lessor Indemnified Parties	  	Section 11.2
	Lessor Obligations	  	Section 14.1
	Lessor Payment Obligations	  	Section 14.1
	Lessor Performance Obligations	  	Section 14.1
	Lessor’s Parties	  	Section 2.2
	Master Lease	  	Recitals
	Party and Parties	  	Preface
	Premises	  	Recitals
	RDU Assets	  	Recitals
	Taxes	  	Section 7.1
	Term	  	Section 2.1(b)
	Third-Party Claim	  	Section 11.3

  
 19 

 EXHIBIT B 

TO 
 ASSET LEASE
AGREEMENT 
  
  

Interpretation 
 As used in this Asset
Lease, unless a clear contrary intention appears: 
  

	(a)	 the singular includes the plural and vice versa; 

 

	(b)	 reference to any Person includes such Person’s successors and assigns but, in the case of a Party, only if
such successors and assigns are permitted by this Asset Lease, and reference to a Person in a particular capacity excludes such Person in any other capacity; 

  

	(c)	 reference to any agreement (including this Asset Lease), document or instrument means such agreement, document,
or instrument as amended or modified and in effect from time to time in accordance with the terms thereof and, if applicable, the terms of this Asset Lease; 

  

	(d)	 reference to any Section means such Section of this Asset Lease, and references in any Section or definition to
any clause means such clause of such Section or definition; 

  

	(e)	 “hereunder”, “hereof”, “hereto” and words of similar import will be deemed
references to this Asset Lease as a whole and not to any particular Section or other provision hereof or thereof; 

  

	(f)	 “including” (and with correlative meaning “include”) means including without limiting the
generality of any description preceding such term; and 

  

	(g)	 relative to the determination of any period of time, “from” means “from and including,”
“to” means “to but excluding” and ‘through” means “through and including.” 

  
 20 

 EXHIBIT C 

TO 
 ASSET LEASE
AGREEMENT 
  
  

PREMISES 
 (Refined
Products Truck Loading Rack, including the Vapor Recovery Unit) 
 A parcel situate in the NE1/4 of Section 5, Township 13 North, Range 66 West, of
the Sixth Principle Meridian, Laramie County, Wyoming. Said parcel defined at the “Refined Products Loading Rack”. The boundary of said parcel being more particularly described as follows: 

Beginning at the northeast corner of said parcel, said corner being 2618.15 feet S42°52’48”W of the NE corner of Section 5; thence
S77°12’49”E a distance of 263.13 feet (80.201 meters) to a point; thence S26°12’16”E a distance of 367.85 feet (112.122meters) to a point; thence S 63°47’44”W a distance of 250.00 feet (76.200 meters) to a
point; thence N26°12’16”W a distance of 533.41 feet (162.584 meters) to a point; thence N63°47’44”E a distance of 45.49 feet (13.864 meters) to the Point of Beginning. 

The above parcel of land containing 2.7 acres more or less and subject to all easements and or rights of way that may have been legally acquired. 

(Two Propane Loading Spots) 
 A parcel
situate in the NW1/4 of Section 4, Township 13 North, Range 66 West, of the Sixth Principle Meridian, Laramie County, Wyoming. Said parcel defined as the “LPG Loading & Unloading Dock”. The boundary of said parcel being more
particularly described as follows: 
 Beginning at the northeast corner, said corner being 3728.67 feet S74°53’31”W of the NE corner of
Section 4; thence S02°52’25“W a distance of 200.00 feet (60.960 meters); thence N87°07’35“W a distance of 50.00 feet (15.240 meters); thence N02°52’25“E a distance of 200.00 feet (60.960 meters); thence
S87°07’35“E a distance of 50.00 feet (15.240 meters) to the Point of Beginning. 
 The above parcel of land containing 0.2 acres more or less
and subject to all easements and or rights of way that may have been legally acquired. 
 Parcel 8 

(Tank Nos. 2-072A, 2-073,
2-074 and 2-075) 
 A parcel situate in the NE1/4 of Section 5 and
the NW1/4 of Section 4, Township 13 North, Range 66 West, of the Sixth Principle Meridian, Laramie County, Wyoming. Said parcel encompassing the following tanks: 72A, 73, 74, and 75. The boundary of said parcel being more particularly described
as follows: 
 Beginning at the northeast corner, said corner being 1448.28 feet S15°00’04”W of the NE corner of Section 5; said corner
monumented by a 3⁄4” x 24” rebar with a 1 1⁄2” aluminum cap
stamped PE PLS 9283; thence N63°56’07”E a distance of 147.49 feet (44.956 meters) to a point; thence S26°03’53”E a distance of 245.00 feet (74.676 meters) to a point; thence N63°56’07”E a distance of 220.00
feet (67.056 

  
 21 

 
meters) to a point; thence S26°03’53”E a distance of 400.00 feet (121.920 meters) to a point; thence S63°56’07”W a distance of 160.00 feet (48.768 meters) to a point;
thence N26°03’53”W a distance of 310.00 feet (94.488 meters) to a point; thence S63°56’07”W a distance of 207.49 feet (63.244 meters) to a point; thence N26°03’53”W a distance of 269.50 feet (82.144 meters)
to a point; thence N26°03’53”W a distance of 65.50 feet (19.964 meters) to the Point of Beginning. 
 The above parcel of land containing 2.7
acres more or less and subject to all easements and or rights of way that may have been legally acquired. 
 (Tank #2-118) 
 A parcel situate in the NW1/4 of Section 4, Township 13 North, Range 66 West, of the Sixth Principle
Meridian, Laramie County, Wyoming. The boundary of said parcel being more particularly described as follows: 
 Beginning at the northwest corner of said
parcel, said corner being 783.85 feet S09°29’20”E of the NW corner of Section 4; thence N90°00’00”E a distance of 102.50 feet to a point; thence S00°00’00”E a distance of 102.50 feet to a point; thence
N90°00’00”W a distance of 102.50 feet to a point; thence N00°00’00”E a distance of 102.50 feet to the Point of Beginning. 
 The
above parcel of land containing 0.24 acres more or less and subject to all easements and or rights of way that may have been legally acquired. 

(Tank #2-119) 

A parcel situate in the NW1/4 of Section 4, Township 13 North, Range 66 West, of the Sixth Principle Meridian, Laramie County, Wyoming. The boundary of
said parcel being more particularly described as follows: 
 Beginning at the northeast corner of said parcel, said corner being 976.71 feet
S07°36’10”E of the NW corner of Section 4; thence S00°00’00”E a distance of 10.00 feet to a point; thence N90°00’00”E a distance of 30.00 feet to a point; thence S00°00’00”E a distance of
130.00 feet to a point; thence N90°00’00”W a distance of 165.27 feet to a point; thence N0°06’42”E a distance of 140.00 feet to a point; thence N90°00’00”E a distance of 135.00 feet to the Point of
Beginning. 
 The above parcel of land containing 0.52 acres more or less and subject to all easements and or rights of way that may have been legally
acquired. 
 Tank #2-161 

A parcel situate in the NW1/4 of Section 4, Township 13 North, Range 66 West, of the Sixth Principle Meridian, Laramie County, Wyoming. The boundary of
said parcel being more particularly described as follows: 
 Beginning at the northwest corner of said parcel, said corner being 905.77 feet
S14°49’22”E of the NW corner of Section 4; thence N90°00’00”E a distance of 102.50 feet to a point; thence S00°00’00”E a distance of 102.50 feet to a point; thence N90°00’00”W a distance
of 102.5 feet to a point; thence N00°00’00”E a distance of 102.50 feet to the Point of Beginning. 

  
 22 

 The above parcel of land containing 0.24 acres more or less and subject to all easements and or rights of
way that may have been legally acquired. 
 Parcel 2 

(Premises include only the portion of Parcel 2 on which Tank 1-015 is located) 

A parcel situate in the NE1/4 of Section 5, Township 13 North, Range 66 West, of the Sixth Principle Meridian, Laramie County, Wyoming. Said parcel
encompassing the following tanks: 106, 107, 13, 14, 15, 16, 17, 21, 27, 28, 32, 33, 40, 48, 49 and 108. The boundary of said parcel being more particularly described as follows: 

Beginning at the northwest corner, said corner being 2401.59 feet S48°27’49”W of the NE corner of Section 5; thence
N63°49’26”E a distance of 220.00 feet (67.056 meters) to a point; thence N26°12’ 16“W a distance of 100.00 feet (30.48 meters) to a point; thence N63°49’26“E a distance of 245.00 feet (74.676 meters) to a
point; thence S26°12’16”E a distance of 634.22 feet (193.311 meters) to a point; thence N63°47’44”E a distance of 85.00 feet (25.908 meters) to a point; thence S26°12’16”E a distance of 90.00 feet (27.432
meters) to a point; thence S63°47’44”W a distance of 90.00 feet (27.432 meters) to a point; thence S26°12’16”E a distance of 195.55 feet (59.603 meters) to a point; thence S63°56’07”W a distance of 50.00
feet (15.240 meters) to a point; thence N26°12’16”W a distance of 195.42 feet (59.566 meters) to a point; thence S63°47’44”W a distance of 75.00 feet (22.860 meters) to a point; thence S26°12’16”E a distance
of 85.00 feet (25.908 meters) to a point; thence S63°47’44”W a distance of 189.94 feet (57.893 meters) to a point; thence N26°12’16”W a distance of 85.00 feet (25.908 meters) to a point; thence N63°47’44”E a
distance of 100.03 feet (30.490 meters) to a point; thence N26°10’34”W a distance of 90.00 feet (27.432 meters) to a point; thence S63°47’44”W a distance of 100.00 feet (30.480 meters) to a point; thence
N26°10’34”W a distance of 279.49 feet (85.189 meters) to a point; thence S63°47’44”W a distance of 145.28 feet (44.281 meters) to a point; thence N26°12’16”W a distance of 254.96 feet (77.713 meters) to a
point, said point being the Point of Beginning. 
 The above parcel of land containing 6.0 acres more or less and subject to all easements and or rights of
way that may have been legally acquired. 
 Parcel 3 

(Premises include only the portion of Parcel 3 on which Tank No. 1-091 is located) 

A parcel situate in the NE1/4 of Section 5, Township 13 North, Range 66 West, of the Sixth Principle Meridian, Laramie County, Wyoming. Said parcel
encompassing the following tanks: 90, 91, 56, 50, 51, 54, 52, 55, 53, 58, 20, and 29. The boundary of said parcel being more particularly described as follows: 

Beginning at the northwest corner, said corner being 1892.53 feet S46°24’53”W of the NE corner of Section 5; to a point; thence
N63°44’44”E a distance of 313.33 feet (95.502 meters) to a point; thence S26°03’53”E a distance of 142.48 feet (43.429 meters) to a point; thence N 63°56’07”E a distance of 140.00 feet (42.672 meters) to a
point; thence S26°03’53”E a distance of 367.00 feet (111.862 meters) to a point; thence S 26°03’53”E a distance of 184.57 feet (56.257 meters) to a point; thence S 63°47’44”W a distance of 321.63 feet
(98.034 meters) to a point; thence N26°12’16”W a distance of 90.00 feet (27.432 meters) to a point; thence N 63°47’44”E a distance of 35.00 feet (10.668 meters) to a point; thence N26°12’16”W a distance of
129.27 feet (39.400 meters) to a point; thence N63°44’44”E a distance of 80.00 feet (24.384 meters) to a point; thence N26°12’16”W a distance of 165.00 feet (50.292 meters) to a point; thence S63°44’44”W a
distance of 245.00 feet (74.676 meters) to a point; thence N26°12’16”W a distance of 310.00 feet (94.488 meters) to the Point of Beginning. 

  
 23 

 The above parcel of land containing 5.1 acres more or less and subject to all easements and or rights of way
that may have been legally acquired. 
 Parcel 6 

(Premises include only the portion of Parcel 6 on which Tank Nos. 2-15A and 2-101 are located) 
 A parcel situate in the NE1/4 of Section 5 and the NW1/4 of Section 4, Township 13
North, Range 66 West, of the Sixth Principle Meridian, Laramie County, Wyoming. Said parcel encompassing the following tanks: 15A, 16, 17, 20, 21, 22, 23, 28, 34, 35, 36, 70, 71, 100, 101, 102, 104, and 105. The boundary of said parcel being more
particularly described as follows: 
 Beginning at the northwest corner, said corner being 1047.11 feet S39°14’59”W of the NE corner of
Section 5; to a point; thence N63°47’10”E a distance of 736.38 feet (224.450 meters) to a point; thence N63°47’10”E a distance of 89.79 feet (27.368 meters) to a point; thence east a distance of 155.88 feet (47.513
meters) along a non-tangential curve concave north having a radius of 6010.00 feet (1831.852 meters) and a central angle of 1°29’10”; to a point; thence S00°00’00”E a distance of
191.71 feet (58.435 meters) to a point; thence S90°00’00”E a distance of 80.00 feet (24.384 meters) to a point; thence S00°00’00”W a distance of 95.00 feet (28.956 meters) to a point; thence N90°00’00”W a
distance of 180.00 feet (54.864 meters) to a point; thence S00°00’00”W a distance of 195.00 feet (59.436 meters) to a point; thence N90°00’00”W a distance of 135.00 feet (41.148 meters) to a point; thence
S00°00’00”W a distance of 90.00 feet (27.432 meters) to a point; thence N89°41’14”W a distance of 303.77 feet (92.589 meters) to a point; thence S00°18’46”W a distance of 155.00 feet (47.244meters) to a
point; thence N82°04’49”W a distance of 169.19 feet (51.570 meters) to a point; thence N26°03’53”W a distance of 419.99 feet (128.014 meters) to the Point of Beginning. 

The above parcel of land containing 8.9 acres more or less and subject to all easements and or rights of way that may have been legally acquired. 

  
 24 

 EXHIBIT D 

TO 
 ASSET LEASE
AGREEMENT 
  
  

RDU ASSETS 
 The following assets owned by
Lessor and located at the Cheyenne Refinery: 
  

	 	•	 	 Refined Products Truck Loading Rack 

 

	 	•	 	 Vapor Recovery Unit 

  

	 	•	 	 Two (2) Propane Loading Spots 

 

	 	•	 	 The following Eleven (11) Tanks with shell capacity of 655,567 barrels: 

 

			
	 TANK ID NUMBER
	  	 NOMINAL CAPACITY,
BBLS

	1-15	  	24,668
	1-91	  	69,965
	2-15A	  	29,980
	2-72A	  	110,067
	2-73	  	80,551
	2-74	  	80,640
	2-75	  	76,508
	2-101	  	67,021
	2-118	  	37,852
	2-119	  	37,830
	2-161	  	40,485

  
 25EX-10.5

 Exhibit 10.5 

Execution Version 
  

 
 TWENTY-FIRST AMENDED AND
RESTATED OMNIBUS AGREEMENT 
 among 

HOLLYFRONTIER CORPORATION, 

HOLLY ENERGY PARTNERS, L.P. 

and 
 CERTAIN OF THEIR
RESPECTIVE SUBSIDIARIES 
 Effective as of January 1, 2021 

 
  

 TABLE OF CONTENTS 

 

							
	 	  	Page	 
	 ARTICLE I DEFINITIONS AND INTERPRETATIONS
	  	 	3	 
			
	 1.1
	 	DEFINITIONS	  	 	3	 
	 1.2
	 	INTERPRETATION	  	 	3	 
		
	 ARTICLE II BUSINESS OPPORTUNITIES
	  	 	3	 
			
	 2.1
	 	RESTRICTED BUSINESSES	  	 	3	 
	 2.2
	 	PERMITTED EXCEPTIONS	  	 	3	 
	 2.3
	 	RIGHT OF OFFER	  	 	4	 
	 2.4
	 	PROCEDURE FOR OFFERING ACQUIRED OR CONSTRUCTED ASSETS TO HEP	  	 	5	 
	 2.5
	 	SCOPE OF PROHIBITION	  	 	6	 
	 2.6
	 	ENFORCEMENT	  	 	6	 
	 2.7
	 	LIMITATION ON ACQUISITIONS OF PERMITTED ASSETS BY HEP GROUP MEMBERS	  	 	6	 
	 2.8
	 	TERMINATION OF ARTICLE II	  	 	6	 
		
	 ARTICLE III INDEMNIFICATION
	  	 	6	 
			
	 3.1
	 	CONDITIONS OF INDEMNIFICATION BY THE HFC ENTITIES	  	 	6	 
	 3.2
	 	INDEMNIFICATION BY THE HFC ENTITIES	  	 	7	 
	 3.3
	 	CONDITIONS OF INDEMNIFICATION BY HEP ENTITIES	  	 	9	 
	 3.4
	 	INDEMNIFICATION BY HEP ENTITIES	  	 	9	 
	 3.5
	 	MUTUAL GENERAL INDEMNITY	  	 	9	 
	 3.6
	 	EXCLUSIONS FROM INDEMNITY FOR POST-CLOSING DATE CLAIMS	  	 	10	 
	 3.7
	 	INDEMNIFICATION PROCEDURES	  	 	10	 
	 3.8
	 	LIMITATION ON INDEMNIFICATION OBLIGATIONS	  	 	12	 
	 3.9
	 	WAIVER OF SUBROGATION	  	 	12	 
		
	 ARTICLE IV GENERAL AND ADMINISTRATIVE EXPENSES
	  	 	13	 
			
	 4.1
	 	GENERAL	  	 	13	 
		
	 ARTICLE V RIGHT OF FIRST REFUSAL
	  	 	14	 
			
	 5.1
	 	HFC RIGHT OF FIRST REFUSAL: PROHIBITION ON FURTHER TRANSFER OF
TRANSFERRED ASSETS	  	 	14	 
	 5.2
	 	PROCEDURES	  	 	14	 
		
	 ARTICLE VI HFC PURCHASE OPTION
	  	 	17	 
			
	 6.1
	 	OPTION TO PURCHASE TULSA TRANSFERRED ASSETS	  	 	17	 
		
	 ARTICLE VII [INTENTIONALLY OMITTED]
	  	 	17	 
		
	 ARTICLE VIII DISPUTE RESOLUTION
	  	 	17	 
			
	 8.1
	 	DISPUTE RESOLUTION	  	 	17	 
	 8.2
	 	ARBITRATION	  	 	18	 
	 8.3
	 	CONFLICT	  	 	19	 
		
	 ARTICLE IX FORCE MAJEURE
	  	 	19	 
			
	 9.1
	 	FORCE MAJEURE	  	 	19	 
		
	 ARTICLE X MISCELLANEOUS
	  	 	19	 
			
	 10.1
	 	CHOICE OF LAW	  	 	19	 
	 10.2
	 	NOTICES	  	 	19	 
	 10.3
	 	ENTIRE AGREEMENT	  	 	20	 
	 10.4
	 	AMENDMENT OR MODIFICATION	  	 	20	 
	 10.5
	 	ASSIGNMENT	  	 	21	 

  
 i 

							
	 10.6
	 	COUNTERPARTS	  	 	21	 
	 10.7
	 	SEVERABILITY	  	 	21	 
	 10.8
	 	FURTHER ASSURANCES	  	 	21	 
	 10.9
	 	RIGHTS OF LIMITED PARTNERS	  	 	21	 
	 10.10
	 	HEADINGS	  	 	21	 
	 10.11
	 	LIMITATION OF DAMAGES	  	 	21	 
	 10.12
	 	NATURE OF THE RELATIONSHIP	  	 	22	 

 EXHIBITS 

Exhibit A - Omnibus Agreement Amendments 

Exhibit B - Definitions 

Exhibit C - Interpretation 

Exhibit D - Asset Indemnification Summary 

Exhibit E - General and Administrative Services 

  
 ii 

 TWENTY-FIRST AMENDED AND RESTATED 

OMNIBUS AGREEMENT 
 THIS
TWENTY-FIRST AMENDED AND RESTATED OMNIBUS AGREEMENT (this “Agreement”) is being entered into on February 8, 2021 and is effective as of January 1, 2021 (the “Effective Date”), by and among the following
entities (all Delaware limited liability companies unless otherwise noted): 
  

			
	HollyFrontier Corporation, a Delaware corporation (“HFC”), and its Affiliates listed below (singularly, “HFC Entity”; and with HFC collectively, the “HFC
Entities”):
		
		 	El Paso Operating LLC (“El Paso Operating”)
		 	HollyFrontier El Dorado Refining LLC (“HollyFrontier El Dorado”)
		 	HollyFrontier Cheyenne Refining LLC (“HollyFrontier Cheyenne”)
		 	HollyFrontier Tulsa Refining LLC (“HollyFrontier Tulsa”)
		 	HollyFrontier Woods Cross Refining LLC (“HollyFrontier Woods Cross”)
		 	Navajo Pipeline Co., L.P., a Delaware limited partnership (“Navajo Pipeline”)
		 	HollyFrontier Navajo Refining LLC (“HollyFrontier Navajo”)
		 	HollyFrontier Refining & Marketing LLC (“HFRM”)
		 	HollyFrontier Transportation LLC (“HollyFrontier Transportation”)
		 	Cheyenne Renewable Diesel Company LLC (“CRDC”)
		
		 	AND
	
	Holly Energy Partners, L.P., a Delaware limited partnership (“HEP”), and its Affiliates listed below (singularly, “HEP Entity”; and with HEP collectively, the “HEP
Entities”):
		
		 	Cheyenne Logistics LLC (“Cheyenne Logistics”)
		 	El Dorado Logistics LLC (“El Dorado Logistics”)
		 	El Dorado Operating LLC (“El Dorado Operating”)
		 	El Dorado Osage LLC (“El Dorado Osage”)
		 	Frontier Aspen LLC
		 	HEP Cushing LLC (“HEP Cushing”)
		 	HEP El Dorado LLC (“HEP El Dorado”)
		 	HEP Logistics GP, L.L.C. (the “OLP GP”)
		 	HEP Logistics Holdings, L.P., a Delaware limited partnership (the “General Partner”)
		 	HEP Mountain Home, L.L.C.
		 	HEP Navajo Southern, L.P., a Delaware limited partnership

  
 1 

			
		 	HEP Oklahoma LLC
		 	HEP Fin-Tex/Trust-River, L.P.
		 	HEP Pipeline Assets, Limited Partnership, a Delaware limited partnership
		 	HEP Pipeline GP, L.L.C.
		 	HEP Pipeline, L.L.C. (“HEP Pipeline”)
		 	HEP Refining Assets, L.P., a Delaware limited partnership (“HEP Refining Assets”)
		 	HEP Refining GP, L.L.C.
		 	HEP Refining, L.L.C. (“HEP Refining”)
		 	HEP Tulsa LLC (“HEP Tulsa”)
		 	HEP UNEV Holdings LLC (“HEP UNEV”)
		 	HEP UNEV Pipeline LLC (“HEP UNEV Pipeline”)
		 	HEP Woods Cross, L.L.C.
		 	Holly Energy Partners – Operating, L.P., a Delaware limited partnership (the“Operating Partnership”)
		 	Holly Energy Storage – Lovington LLC
		 	Holly Logistic Services, L.L.C. (“Holly GP”),
		 	Lovington-Artesia, L.L.C.
		 	NWNAL LLC
		 	Roadrunner Pipeline, L.L.C. (“Roadrunner”)
		 	SLC Pipeline LLC
		 	Woods Cross Operating LLC (“Woods Cross Operating”)

 This Agreement amends and restates in its entirety the Twentieth Amended and Restated Omnibus Agreement which
was entered into on October 1, 2019, among certain of the HFC Entities and certain of the HEP Entities which were signatories thereto (the “Previous Amended and Restated Omnibus Agreement”). 

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

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

  
 2 

 AGREEMENT: 

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

 DEFINITIONS AND INTERPRETATIONS 

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

BUSINESS OPPORTUNITIES 

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

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

  

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

  

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

  

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

  

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

  

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

 

	 	(e)	 the ownership of the UNEV Profits Interest; 

 

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

 

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

  
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 2.3 Right of Offer.  

 

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

 

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

  

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

  

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

 

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

 

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

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

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

  

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

  

	 	(ii)	 desires to construct Permitted Assets with an estimated construction cost (as determined in good faith by the
Board of Directors of HFC) equal to or greater than $5 million; 

  
 4 

 provided, however, that in each case Holly GP or a HFC Group Member, as the case may be,
shall comply with Section 2.4. 
 2.4 Procedure for Offering Acquired or Constructed Assets to HEP. 

 

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

 

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

  

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

  
 5 

	 	
provide written notice of its decision to Holly GP or the HFC Group Member within 30 days after the investment banking firm has submitted its determination. Failure to provide such notice within
such 30-day period shall be deemed to constitute a decision not to purchase the Permitted Assets. If HEP elects to cause a HEP Group Member to purchase the Permitted Assets, then the HEP Group Member shall
purchase the Permitted Assets pursuant to the Offer as modified by the determination of the investment banking firm as soon as commercially practicable after such determination and, if applicable, enter into an agreement with Holly GP or the HFC
Group Member to provide services in a manner consistent with the Offer, as modified by the determination of the investment banking firm, if applicable. 

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

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

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

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

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

  

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

 

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

  
 6 

 3.2 Indemnification by the HFC Entities. 

 

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

  

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

  

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

  

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

  

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

 

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

  

	 	(vi)	 the following: 

  

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

 

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

 

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

  

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

  

	 	(E)	 all federal, state and local tax liabilities attributable to the operation or ownership of the Transferred
Assets prior to the 

  
 7 

	 	
applicable Closing Date, including any such tax liabilities of the HFC Entities that may result from the consummation of the formation transactions for the HEP Entities and the General Partner;

  

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

  

	 	(G)	 the Covered Environmental Losses, if any, relating to the demolition of the Demo Assets or the cleaning of the
Released Assets by HEP and its Affiliates pursuant to the Letter Agreement. 

  

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

  

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

  

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

 

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

 

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

  

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

  

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

  
 8 

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

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

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

  

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

 

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

  

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

  

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

  

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

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

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

  

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

  
 9 

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

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

 

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

  

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

 3.7 Indemnification Procedures. 

 

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

 

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

  

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

  
 10 

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

  

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

 

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

  

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

  

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

  

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

  

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

  
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	 	3.8	 Limitation on Indemnification Obligations. 

 

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

  

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

  

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

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

  
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 ARTICLE IV 

GENERAL AND ADMINISTRATIVE EXPENSES 
  

	 	4.1	 General. 

 

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

  

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

  

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

  

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

  

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

  

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

  

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

  

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

  
 13 

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

 

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

ARTICLE V 
 RIGHT OF
FIRST REFUSAL 
  

	 	5.1	 HFC Right of First Refusal: Prohibition on Transfer. 

 

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

  

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

  

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

 

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

  

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

  

	 	(f)	 Notwithstanding anything in this Agreement to the contrary, the Parties acknowledge that all potential
transfers of the equity interests of UNEV Pipeline, LLC, Osage and Cushing Connect are subject to the rights of the other members of UNEV Pipeline, LLC, Osage and Cushing Connect, respectively, pursuant to the applicable limited liability company
operating agreement. 

  

	 	5.2	 Procedures. 

 

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

  

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

  
 14 

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

 

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

  

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

  

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

  

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

  

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

 

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

  

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

  
 15 

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

  

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

  

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

  

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

  

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

  

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

  

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

  

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

  
 16 

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

  

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

  

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

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

ARTICLE VIII 
 DISPUTE
RESOLUTION 
 8.1 Dispute Resolution. 
  

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

  

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

  
 17 

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

  

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

 

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

  

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

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

 

	 	(a)	 Arbitration must be initiated within the time limits set forth in this Agreement, or if no such limits apply,
then within the time period allowed by the applicable statute of limitations. Arbitration may be initiated by either party (“Claimant”) by delivering written notice to the other (“Respondent”) that the Claimant
elects to refer the Arbitrable Dispute to binding arbitration. Claimant’s notice initiating binding arbitration must identify the arbitrator Claimant has appointed. The Respondent shall respond to Claimant within thirty (30) days after
receipt of Claimant’s notice, identifying the arbitrator Respondent has appointed. If the Respondent fails for any reason to name an arbitrator within the 30-day period, Claimant shall petition the
American Arbitration Association for appointment of an arbitrator for Respondent’s account. The two arbitrators so chosen shall select a third arbitrator within thirty (30) days after the second arbitrator has been appointed.

  

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

  

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

  
 18 

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

  

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

  

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

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

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

ARTICLE X 
 MISCELLANEOUS

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

10.2 Notices. 
  

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

  
 19 

 Notices to the HFC Entities: 

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

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

2828 N. Harwood, Suite 1300 

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

Notices to the HEP Entities: 

Holly Energy Partners, L.P. 

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

2828 N. Harwood, Suite 1300 

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

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

Holly Energy Partners, L.P. 

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

2828 N. Harwood, Suite 1300 

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

 

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

 10.3 Entire Agreement.
This Agreement, together with the other agreements and instruments referred to herein, constitutes the entire agreement of the Parties relating to the matters contained herein, superseding as of the Effective Date all prior contracts or agreements
(including the Original Omnibus Agreement), whether oral or written, relating to the matters contained herein. For avoidance of doubt the Eleventh Amended and Restated Omnibus Agreement, effective as of January 1, 2015, shall remain in full
force and effect with respect to any event, act or omission occurring before January 1, 2015. 
 10.4 Amendment or
Modification. No amendment or modification of this Agreement shall be valid unless it is in writing and signed by the parties hereto. No waiver of any provision of this Agreement shall be valid unless it is in writing and
signed by the Party against whom the waiver is sought to be enforced. Any of the exhibits to this Agreement may be amended, modified, revised or updated by the Parties hereto if each of HFC (on behalf of the HFC Entities) and HEP (on behalf of the
HEP Entities) execute an amended, 

  
 20 

 
modified, revised or updated exhibit or schedule, as applicable, and attach it to this Agreement. Such amended, modified, revised or updated exhibits shall be sequentially numbered (e.g.
Exhibit A-1, Exhibit A-2, etc.), dated and appended as an additional exhibit or schedule to this Agreement and shall replace the prior
exhibit or schedule, as applicable, in its entirety, except as specified therein. No failure or delay in exercising any right hereunder, and no course of conduct, shall operate as a waiver of any provision of this Agreement. No single or partial
exercise of a right hereunder shall preclude further or complete exercise of that right or any other right hereunder. 
 10.5
Assignment. No Party shall have the right to assign any of its rights or obligations under this Agreement without the consent of the other Parties hereto. 

10.6 Counterparts. This Agreement may be executed in any number of paper or electronic counterparts with the same effect
as if all signatory parties had signed the same document. All such counterparts shall be construed together and shall constitute one and the same agreement. 

10.7 Severability. If any provision of this Agreement shall be held invalid or unenforceable by a court or regulatory
body of competent jurisdiction, the remainder of this Agreement shall remain in full force and effect. 
 10.8 Further
Assurances. In connection with this Agreement and all transactions contemplated by this Agreement, each Party hereto agrees to execute and deliver such additional documents and instruments and to perform such additional acts as may
be necessary or appropriate to effectuate, carry out and perform all of the terms, provisions and conditions of this Agreement and all such transactions. 

10.9 Rights of Limited Partners. The provisions of this Agreement are enforceable solely by the Parties to this Agreement, and
no Limited Partner (as defined in the Partnership Agreement) of HEP shall have the right, separate and apart from HEP, to enforce any provision of this Agreement or to compel any Party to this Agreement to comply with the terms of this Agreement.
There are no Third Party beneficiaries to this Agreement. 
 10.10 Headings. Headings of the Sections of this Agreement are for
convenience of the parties only and shall be given no substantive or interpretative effect whatsoever. 
 10.11 Limitation of
Damages. NOTWITHSTANDING ANYTHING TO THE CONTRARY CONTAINED IN ANY OTHER PROVISION
OF THIS AGREEMENT AND EXCEPT FOR CLAIMS MADE BY THIRD PARTIES WHICH
SHALL NOT BE LIMITED BY THIS SECTION, THE PARTIES AGREE THAT THE
RECOVERY BY ANY PARTY, INCLUDING, PURSUANT TO ARTICLE III, OF ANY
LIABILITIES, DAMAGES, COSTS OR OTHER EXPENSES (i) AS A RESULT OF ANY
BREACH OR NONFULFILLMENT BY A PARTY OF ANY OF ITS COVENANTS,
AGREEMENTS OR OTHER OBLIGATIONS UNDER THIS AGREEMENT OR (ii) BY REASON OF
OR ARISING OUT OF ANY OF THE EVENTS, CONDITIONS OR OTHER MATTERS
LISTED IN SECTIONS 3.2 OR 3.4 WHICH THE PARTIES HAVE AGREED TO
INDEMNIFY THE OTHER PARTY AGAINST, SHALL BE LIMITED TO ACTUAL DAMAGES
AND SHALL NOT INCLUDE OR APPLY TO, NOR SHALL ANY PARTY BE
ENTITLED TO RECOVER, ANY INDIRECT, CONSEQUENTIAL, EXEMPLARY OR PUNITIVE DAMAGES
(INCLUDING, ANY DAMAGES ON ACCOUNT OF LOST PROFITS OR OPPORTUNITIES OR
BUSINESS INTERRUPTION OR DIMINUTION IN VALUE) SUFFERED OR INCURRED BY ANY
PARTY; PROVIDED, HOWEVER, THAT SUCH RESTRICTION AND LIMITATION SHALL NOT APPLY
TO A PARTY’S OBLIGATION TO INDEMNIFY THE OTHER PARTY: 

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

  
 21 

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

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

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

[Remainder of Page Intentionally Left Blank] 

  
 22 

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

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

			
	Name:	 	Thomas G. Creery
	Title:	 	Senior Vice President, Commercial
	
	CHEYENNE RENEWABLE DIESEL COMPANY LLC
		
	By:	 	 /s/ Thomas G. Creery

			
	Name:	 	Thomas G. Creery
	Title:	 	President

  

					
	HEP ENTITIES:
	
	HOLLY ENERGY PARTNERS, L.P.
		
	By:	 	HEP Logistics Holdings, L.P.
		 	Its General Partner
			
		 	By:	 	Holly Logistic Services, L.L.C.
		 		 	Its General Partner

 
					
			
		 	By:	 	 /s/ Richard L. Voliva III

		 	Name:	 	Richard L. Voliva III
		 	Title:	 	President

  

			
	HEP LOGISTICS HOLDINGS, L.P.
		
	By:	 	Holly Logistic Services, L.L.C,
		 	Its General Partner

  
 [Signature Page 1 of 2 to
Twenty-First Amended and Restated Omnibus Agreement] 

 
			
	By:	 	 /s/ Richard L. Voliva III

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

	Name:	 	Richard L. Voliva III
	Title:	 	President

  

					
	HEP NAVAJO SOUTHERN, L.P.
		
	By:	 	HEP Pipeline GP, L.L.C.
		 	Its General Partner
			
		 	By:	 	 /s/ Richard L. Voliva III

		 	Name:	 	Richard L. Voliva III
		 	Title:	 	President

  
 [Signature Page 2 of 2 to
Twenty-First Amended and Restated Omnibus Agreement] 

 Exhibit A 

to 
 Twenty-First Amended
and Restated Omnibus Agreement 
  
  

Omnibus Agreement Amendments 
  

					
	 Agreement
	  	 Effective Date
	  	 Reason for Amendment

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

(ii) Beeson Pipeline Purchase Agreement, and
  

(iii) Roadrunner Pipeline Purchase Agreement

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

  
 A-1 

					
	Sixteenth Amended and Restated Omnibus Agreement	  	October 1, 2016	  	LLC Interest Purchase Agreement for the membership interest of Woods Cross Operating
	Seventeenth Amended and Restated Omnibus Agreement	  	January 1, 2017	  	El Dorado Repurchased Tanks
	Eighteenth Amended and Restated Omnibus Agreement	  	December 8, 2017	  	North Loco Tanks, SLC Pipeline, Frontier Aspen Pipeline and NWNAL Assets
	Nineteenth Amended and Restated Omnibus Agreement	  	June 1, 2018	  	Tulsa Rail Yard Facility, Catoosa Lubes Terminal and Orla Truck Terminal
	Twentieth Amended and Restated Omnibus Agreement	  	October 1, 2019	  	Cushing Connect Pipeline

  
 A-2 

 Exhibit B 

to 
 Twenty-First Amended
and Restated Omnibus Agreement 
  
  

Definitions 

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

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

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

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

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

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

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

  
 B-1 

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

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

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

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

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

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

“Asset Lease” means that Asset Lease Agreement, dated effective as of January 1, 2021, between Cheyenne Logistics
and Cheyenne Renewable Diesel Company LLC. 
 “Beeson Pipeline” means the 8” crude oil pipeline extending from
Beeson station to Lovington, New Mexico, owned by HEP Pipeline. 
 “Beeson Pipeline Purchase Agreement” means that
certain Asset Purchase Agreement dated as of December 1, 2009, by and among HFC, Navajo Pipeline and HEP Pipeline, pursuant to which Navajo Pipeline agreed to transfer and convey to HEP Pipeline, and HEP Pipeline agreed to acquire, the Beeson
Pipeline. 

  
 B-2 

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

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

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

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

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

(i) the outstanding Voting Securities of the Applicable Person are changed into or exchanged for Voting Securities of a
surviving Person or its parent and 

  
 B-3 

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

(c) a “person” or “group” (within the meaning of Sections 13(d) or 14(d)(2) of the Securities
Exchange Act of 1934, as amended) (in the case of HFC, other than a group consisting of some of all of the current control persons of HFC), being or becoming the “beneficial owner” (as defined in Rules
13d-3 and 13d-5 under the Securities Exchange Act of 1934, as amended) of more than 50% of all of the then outstanding Voting Securities of the Applicable Person, except
in a merger or consolidation that would not constitute a Change of Control under clause (b) above. 
 “Cheyenne
Assets” is defined in the November 2011 Frontier Drop Down LLC Interest Purchase Agreement. 
 “Cheyenne
Logistics” is defined in the introduction to this Agreement. 
 “Cheyenne New Tank” means petroleum
storage tank no. 117 located at the Cheyenne Refinery Complex. 
 “Claim” means any existing or threatened future
claim, demand, suit, judgment, settlement, action, investigation, proceeding, governmental action, cause of action, claims, demands, causes of action, suits, judgments, settlements, fines, penalties, costs, and expenses (including court costs and
reasonable attorneys’ and experts’ fees) of any kind or character (in each case, whether civil, criminal, investigative or administrative), known or unknown, under any theory, including those based on theories of contract, tort, statutory
liability, strict liability, employer liability, premises liability, products liability, breach of warranty or malpractice of any and every kind or character, known or unknown, fixed, contingent or suffered. 

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

“Closing Date” means 

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

  
 B-4 

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

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

  

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

  

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

  

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

  

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

 “CRDC” is defined in the introduction to
this Agreement. 
 “Cushing Connect” means Cushing Connect Pipeline & Terminal LLC, a Delaware limited
liability company. 
 “Cushing Connect Pipeline” means that certain approximately 50 mile, 16” pipeline to be
constructed by Cushing Connect Pipeline Holdings LLC, a subsidiary of Cushing Connect, to transport crude oil from the Cushing Terminal to the Tulsa East Refinery and Tulsa West Refinery. 

“Cushing Terminal” means the crude oil storage, blending and terminalling facility terminal located in Cushing,
Oklahoma and owned and operated by Plains Marketing, L.P., a Texas limited partnership. 
 “Demo Assets” has the
meaning set forth in the Letter Agreement. For the avoidance of doubt, the “Demo Assets” include the Cheyenne New Tank. 

“Disposition Notice” is defined in Section 5.2(a). 

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

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

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

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

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

  
 B-5 

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

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

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

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

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

  
 B-6 

 “Frontier Aspen Pipeline” means the Frontier Aspen Pipeline as
defined in the Frontier Aspen Membership Purchase Agreement. 
 “Frontier Aspen Membership Purchase Agreement” means
that certain Membership Interest Purchase Agreement dated effective August 7, 2017 between Plains Pipeline, L.P. and HEP Casper SLC, LLC. 

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

“Governmental Authority” means any federal, state, local or foreign government or any provincial, departmental or
other political subdivision thereof, or any entity, body or authority exercising executive, legislative, judicial, regulatory, administrative or other governmental functions or any court, department, commission, board, bureau, agency,
instrumentality or administrative body of any of the foregoing. 
 “Hazardous Substance” means (a) any
substance that is designated, defined or classified as a hazardous waste, hazardous material, pollutant, contaminant, or toxic or hazardous substance, or that is otherwise regulated under any Environmental Law, including, any hazardous substance as
defined under the Comprehensive Environmental Response, Compensation, and Liability Act, and (b) petroleum, crude oil, gasoline, natural gas, fuel oil, motor oil, waste oil, diesel fuel, jet fuel and other refined petroleum hydrocarbons. 

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

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

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

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

“HEP Entity” means any of the HEP Entities. 

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

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

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

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

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

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

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

  
 B-7 

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

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

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

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

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

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

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

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

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

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

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

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

“Letter Agreement” means the Letter Agreement dated February 8, 2021, between the Operating Partnership and HFRM.

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

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

“Malaga TSA” means that certain Amended and Restated Transportation Services Agreement (Malaga) dated as of
September 26, 2014 by and between HFRM and Operating Partnership, pursuant to which Operating Partnership provides certain transportation services for HFRM on the Malaga Pipeline System, as such agreement may be amended, modified or replaced
from time to time. 

  
 B-8 

 “March 2010 Drop Down LLC Interest Purchase
Agreement” means that certain LLC Interest Purchase Agreement dated as of March 31, 2010, by and among HFC, Lea Refining Company, HollyFrontier Tulsa, HEP Refining and HEP Tulsa, pursuant to which HFC, Lea Refining
Company and HollyFrontier Tulsa agreed to transfer and convey to HEP Refining and HEP Tulsa the Additional Tulsa East Assets and the Additional Lovington Assets. 

“Master Agreements” means the Master Lease and Access Agreement, Master Site Services Agreement, Master Systems
Operating Agreement, Master Throughput Agreement and Master Tolling Agreements. 
 “Master Lease and Access
Agreement” means that certain Sixth Amended and Restated Master Lease and Access Agreement dated effective as of January 1, 2021 among certain of the HEP Entities and the Refinery Owners. 

“Master Site Services Agreement” means that certain Fourth Amended and Restated Master Site Services Agreement
effective as of January 1, 2021, as amended, among certain of the HEP Entities and the Refinery Owners. 
 “Master Systems
Operating Agreement” means that certain Second Amended and Restated Master Systems Operating Agreement effective as of January 1, 2021 among certain of the HEP Entities and the Refinery Owners. 

“Master Throughput Agreement” means that certain Seventh Amended and Restated Master Throughput Agreement effective as
of January 1, 2021, between the Operating Partnership and HFRM. 
 “Master Tolling Agreements” means that
certain Master Tolling Agreement (Refinery Assets) dated effective as of November 1, 2015, as amended dated effective as of January 1, 2017, between HollyFrontier El Dorado and the Operating Partnership, and that certain Amended and
Restated Master Tolling Agreement (Operating Assets) dated effective as of October 1, 2016, as amended dated effective as of January 1, 2017, between HollyFrontier El Dorado, HollyFrontier Woods Cross and the Operating Partnership, and as
amended by that certain Second Amendment to Amended and Restated Master Tolling Agreement (Operating Assets) dated October 29, 2018. 

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

“Navajo Tanks” means the four new petroleum products storage tanks to be constructed by HEP Operating at the Navajo
Refinery. 
 “Net Recovery” is defined in Section 3.7(f). 

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

“November 2011 Frontier Drop Down LLC Interest Purchase Agreement” means that certain LLC Interest Purchase Agreement
effective as of November 1, 2011, by and among HFC, HollyFrontier Cheyenne, HollyFrontier El Dorado, the Operating Partnership and HEP, pursuant to which HollyFrontier Cheyenne and HollyFrontier El Dorado agreed sell to the Operating
Partnership the entities that own the Cheyenne Assets and the El Dorado Assets. 

  
 B-9 

 “Offer” is defined in Section 2.4(a) 

“Offer Price” is defined in Section 5.2(a)(iii). 

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

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

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

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

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

“Osage Pipeline” means that certain 135-mile,
20-inch pipe line originating in Cushing, Oklahoma and terminating within the El Dorado Terminal, along with associated pumping and metering stations and equipment owned by Osage. 

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

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

“Person” means an individual or a corporation, limited liability company, partnership, joint venture, trust,
unincorporated organization association, government agency or political subdivision thereof or other entity. 
 “Post-Closing
Covered Environmental Losses” means, to the extent such violation, event or condition occurred after the Closing Date: 
  

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

  
 B-10 

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

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

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

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

 

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

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

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

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

“Prudent Industry Practice” means such practices, methods, acts, techniques, and standards as are in effect at the
time in question that are consistent with (a) the standards generally followed by the United States pipeline and terminalling industries or (b) such higher standards as may be applied or followed by the HFC Entities in the performance of
similar tasks or projects, or by the HEP Entities in the performance of similar tasks or projects. 

  
 B-11 

 “Purchase Option Agreement” has the meaning set forth in the Asset
Purchase Agreement, dated August 1, 2009, between HollyFrontier Tulsa, as the seller, and HEP Tulsa, as the buyer. 
 “RDU
Assets” has the meaning set forth in the Asset Lease. 
 “Refinery” or
“Refineries” means each of the Refinery Complexes identified in the Master Lease and Access Agreement. 

“Refinery Owners” means each of the HFC Entities that own one or more of the Refineries. 

“Released Assets” has the meaning set forth in the Letter Agreement. 

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

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

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

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

“Roadrunner Pipeline” means 16” crude oil pipeline extending from Slaughter station in Texas to Lovington, New
Mexico owned by Roadrunner. 
 “Roadrunner Pipeline Purchase Agreement” means that certain LLC Interest Purchase
Agreement dated as of December 1, 2009 by and among Navajo Pipeline and the Operating Partnership, pursuant to which the Operating Partnership acquired, all of the outstanding limited liability company interests of Roadrunner, the entity that
owns the Roadrunner Pipeline. 
 “ROFR Acceptance Deadline” means the First ROFR Acceptance Deadline or the Second
ROFR Acceptance Deadline, as applicable, both as defined in Section 5.2(b) and (c). 
 “Sale
Assets” is defined in Section 5.2(a)(ii). 
 “Second ROFR Acceptance
Deadline” is defined in Section 5.2(c). 
 “Services and Secondment
Agreement” means that certain Fourth Amended and Restated Services and Secondment Agreement effective as of January 1, 2021, by and among Holly GP, the Operating Partnership, Cheyenne Logistics, El Dorado Logistics, El Dorado
Operating, HEP Tulsa, Woods Cross Operating, HollyFrontier Payroll Services, Inc., a Delaware corporation, HollyFrontier Cheyenne, CRDC, HollyFrontier El Dorado, HollyFrontier Tulsa and HollyFrontier Woods Cross. 

“Sinclair” means Sinclair Tulsa Refining Company. 

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

  
 B-12 

 “Sinclair Transferred Assets” means the HEP Tulsa Assets as defined
in the Sinclair Purchase Agreement. 
 “SLC Pipeline” means the SLC Pipeline as defined in the SLC Pipeline
Membership Interest Purchase Agreement. 
 “SLC Pipeline Membership Purchase Agreement” means that certain
Membership Interest Purchase Agreement dated effective August 7, 2017, between Rocky Mountain Pipeline System LLC and HEP SLC, LLC. 

“Storage and Handling Agreement” means that certain Storage and Handling Agreement dated February 21, 1997,
between the Operating Partnership and Alon U.S.A., L.P., as amended effective January 1, 2004, September 1, 2008 and March 1, 2011. 

“Third Party” means a Person which is not (a) HEP or an Affiliate of HEP, (b) HFC or an affiliate of HFC,
(c) a Person that, after the signing of this Agreement becomes a successor entity of HEP, HFC or any of their respective Affiliates. An employee of HFC or HEP shall not be deemed an Affiliate. 

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

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

“Transferred Assets” means all of the assets conveyed, contributed, or otherwise transferred, directly or indirectly
(including by transfer or sale of the entity that owns such assets or the entity that owns the interests in the entity that owns such assets) that serve the Refineries, by the HFC Entities to the HEP Entities, as indicated in column (a) of
Exhibit D, Part 1; provided that for the purposes of Section 3.2, the term “Transferred Assets” shall include (a) that certain 8” pipeline extending 50 miles from the White City Station
that was formerly used as a refined products pipeline and that was conveyed to the HEP Entities as part of the 2004 Product Pipelines, Terminal and Related Assets, and (b) the Tulsa West Crude Tank Assets. 

“Transferred Tanks” means the tanks included in the Assets, as indicated in column (h) of Exhibit D,
provided however that from and after January 1, 2017, such tanks shall not include the El Dorado Repurchased Tanks. 

“Tulsa East Refinery” means the refinery owned by HollyFrontier Tulsa and located at 905 West 25th Street, Tulsa, Oklahoma 74107. 
 “Tulsa Interconnecting
Pipelines” means the Interconnecting Pipelines as defined in the Tulsa Throughput Agreement. 
 “Tulsa New
Tanks” means petroleum products storage tank nos. 45 and 444A located at the Tulsa Refinery Complex. 
 “Tulsa
Purchase Agreement” means that certain Asset Purchase Agreement dated as of August 1, 2009, by and between HollyFrontier Tulsa and HEP Tulsa, pursuant to which HollyFrontier Tulsa transferred and conveyed to HEP Tulsa, and HEP
Tulsa acquired, the Tulsa Transferred Assets. 

  
 B-13 

 “Tulsa Rail Yard Facility” means (a) the railroad track siding
consisting of approximately (i) Five Thousand Twenty (5,020) track feet of runaround track, (ii) Seven Thousand Three Hundred (7,300) of inbound and outbound track, (iii) One Thousand Three Hundred (1,300) track feet of maintenance
and engine storage track, (iv) Nine Thousand Eight Hundred Eighty (9,880) track fee of rail car storage, (v) One (1) mainline switch, and (vi) Fifteen (15) industry switches located on certain land situated at or near the railway
station of Tulsa, County of Tulsa, Oklahoma and leased by HFRM from HEP Tulsa pursuant to that certain Track Lease Agreement effective as of December 13, 2017 by and between HEP Tulsa and HFRM, pursuant to which HEP Tulsa agreed to lease to
HFRM, and HFRM agreed to lease from HEP Tulsa, the Tulsa Rail Yard Facility, (b) HEP Tulsa’s leasehold interest, as tenant, under the BNSF Lease (Tulsa), pursuant to which HEP Tulsa agreed to lease from BNSF Railway Company the BNSF Land
(Tulsa), (c) HEP Tulsa’s leasehold interest, as landlord, under that certain Sublease Agreement effective as of December 13, 2017 by and between HEP Tulsa and HFRM, pursuant to which HEP Tulsa agreed to sublease to HFRM, and HFRM agreed to
sublease from HEP Tulsa, the BNSF Land (Tulsa), (d) HEP Tulsa’s interest, as licensee, under that certain Equipment Sites, Access and Rail Line License Agreement, effective August 1, 2009, between HollyFrontier Tulsa and HEP Tulsa, as
amended by that certain First Amendment to Equipment Sites, Access and Rail Line License Agreement, effective as of December 13, 2017, by and between HollyFrontier Tulsa and HEP Tulsa, and (e) HEP Tulsa’s interest, as sublicensor,
under that Sublicense Agreement effective December 13, 2017, between HEP Tulsa and HFRM. 
 “Tulsa Throughput
Agreement” means that certain Second Amended and Restated Pipelines, Tankage and Loading Rack Throughput Agreement (Tulsa East), dated as of August 31, 2011, pursuant to which HEP Tulsa agreed to provide transportation services to
HollyFrontier Tulsa with respect to the Tulsa Interconnecting Pipelines. 
 “Tulsa Transferred Assets” means the
Transferred Assets as defined in the Tulsa Purchase Agreement. 
 “Tulsa West Refinery” means the refinery owned by
HollyFrontier Tulsa located at 1700 S. Union Ave., Tulsa, Oklahoma 74107. 
 “Tulsa West Crude Tank Assets” means
the Leased Property as defined in the Bill of Sale, Assignment and Assumption Agreement dated as of March 31, 2016 between Plains Marketing, L.P. and HEP Tulsa. 

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

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

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

“Voting Securities” means securities of any class of a Person entitling the holders thereof to vote on a regular basis
in the election of members of the board of directors or other governing body of such Person. 
 “Wood Cross
Operating” is defined in the introduction to this Agreement. 

  
 B-14 

 “Woods Cross Refinery Assets” has the meaning ascribed to the term
“Assets” in that certain LLC Interest Purchase Agreement dated as of October 3, 2016 and effective as of October 1, 2016 by and among HollyFrontier Woods Cross, HFC and the Operating Partnership, pursuant to which HollyFrontier
Woods Cross agreed to sell to the Operating Partnership all of the issued and outstanding limited liability company interests in Woods Cross Operating. 

  
 B-15 

 Exhibit C 

to 
 Twenty-First Amended
and Restated Omnibus Agreement 
  
  

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

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

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

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

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

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

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

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

  
 C-1 

 Exhibit D 

to 
 Twenty-First Amended
and Restated Omnibus Agreement 
  
  

Asset Indemnification Summary 
 Part 1:
Transferred Assets: 
  

															
	 (a)
	 	(b)	 	(c)	 	(d)	 	(e)	 	(f)	 	(g)	  	(h)
	 TRANSFERRED
ASSET
AND
CLOSING DATE
	 	HFC
ENVIRONMENTAL
(Expiration Date)	 	HEP
ENVIRONMENTAL1	 	RIGHT-OF-WAY	 	ADDITIONAL
INDEMNITIES	 	OPERATIONAL
INDEMNITY	 	RIGHT OF
FIRST
REFUSAL	  	INCLUDES
TRANSFERRED
TANKS
		 	Indemnity
from HFC to
HEP for
Pre-Closing
Covered
Environmental
Losses under
Section 3.2(a)
/Aggregate
cap on
HFC
environmental
indemnity in
 Section 3.1(b)(expiration
date of
indemnity)
	 	Indemnity
from HEP to
HFC for Post-
Closing
Covered
Environmental
Losses under
Section 3.4(a)	 	Right-of-Way
Indemnity
under
Sections
3.2(a)(iii) and

3.2(a)(iv)(expiration
date of
indemnity)
	 	Additional
Indemnities
under
Section 3.2(a)(vi)
(expiration date
of indemnity)2	 	Additional
Indemnities
under
Section 3.5	 	Right of
First
Refusal
under
Article V	  	
								
	 2004 Product Pipelines, Terminal and Related Assets

(July 13, 2004)
	 	$15,000,000
 (July 13,
2014)
	 	✓	 	✓
 (July 13,
2014)
	 	✓
 (July 13, 2009)
	 	✓	 	✓	  	No
								
	 8” and 10” Lovington/Artesia Intermediate Pipelines

(June 1, 2009)
	 	$2,500,000
 (June 1, 2019)
	 	✓	 	✓
 (June 1,
2019)
	 	✓
 (June 1, 2014)
	 	✓	 	✓	  	No

  

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

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

  
 D-1 

															
	 (a)
	 	(b)	 	(c)	  	(d)	  	(e)	  	(f)	  	(g)	  	(h)
	
TRANSFERRED
ASSET AND
CLOSING DATE
	 	HFC
ENVIRONMENTAL
(Expiration Date)	 	HEP
ENVIRONMENTAL	  	RIGHT-OF-WAY	  	ADDITIONAL
INDEMNITIES	  	OPERATIONAL
INDEMNITY	  	RIGHT OF
FIRST
REFUSAL	  	INCLUDES
TRANSFERRED
TANKS
	 2008 Crude Pipelines, Tanks and Related Assets

(March 1, 2008)
	 	$7,500,000
 (March 1,
2023)
	 	✓	  	✓
 (March 1,
2023)
	  	✓
 (March 1,
2013)
	  	✓	  	✓	  	Yes
	 16” Lovington/Artesia Intermediate Pipeline

(June 1, 2009)
	 	None	 	✓	  	✓
 (June 1,
2019)
	  	✓
 (June 1,
2014)
	  	✓	  	✓	  	No
	 Tulsa Transferred Assets3

(August 1, 2009)
	 	None	 	None	  	None	  	None	  	None	  	None	  	No
	 Beeson Pipeline
 (December 1, 2009)
	 	None	 	✓	  	✓
 (December
1, 2019)
	  	✓
 (December
1, 2014)
	  	✓	  	✓	  	No
	 Roadrunner Pipeline
 (December 1, 2009)
	 	None	 	✓	  	✓
 (December
1, 2019)
	  	✓
 (December
1, 2014)
	  	✓	  	✓	  	No
	 Additional Lovington Assets
 (March 31,
2010)
	 	$15,000,000
 (March 31,
2020)
	 	✓	  	✓
 (March 31,
2020)
	  	✓
 (March 31,
2015)
	  	✓	  	✓	  	No
	 Additional Tulsa East Assets
 (March 31,
2010)
	 	unlimited
(no
expiration)	 	None	  	None	  	None	  	None	  	✓	  	No
	 Sinclair Transferred Assets
 (October 19,
2009)
	 	None	 	None	  	None	  	None	  	None	  	✓	  	Yes
	 Tulsa Interconnecting Pipelines
 (August 31,
2011)
	 	None	 	✓	  	(August
31, 2021)	  	(August
31, 2016)	  	✓	  	✓	  	No

  
  

	3 	 The indemnities with respect to the Tulsa Transferred Assets are contained in Section 5 of the Tulsa
Equipment and Throughput Agreement, dated August 1, 2009, between HollyFrontier Tulsa and HEP Tulsa, and such indemnities continue to apply notwithstanding the termination of such agreement. The right of first refusal granted to an Affiliate of
HFC with respect to the Tulsa Transferred Assets is contained in the Purchase Option Agreement. 

  
 D-2 

															
	 (a)
	 	(b)	 	(c)	  	(d)	  	(e)	  	(f)	  	(g)	  	(h)
	 TRANSFERRED
ASSET
AND
CLOSING DATE
	 	HFC
ENVIRONMENTAL
(Expiration Date)	 	HEP
ENVIRONMENTAL	  	RIGHT-OF-WAY	  	ADDITIONAL
INDEMNITIES	  	OPERATIONAL
INDEMNITY	  	RIGHT OF
FIRST
REFUSAL	  	INCLUDES
TRANSFERRED
TANKS
	 Cheyenne Assets
 (November 1, 2011)
	 	$15,000,000
 (The latter of
(x) November 1,
2021 and
(y) mechanical
completion
of
the renewable
diesel units at
the Cheyenne
Refinery)
	 	✓4 	  	✓
 (November
1, 2021)
	  	✓
 (November
1, 2016)5
	  	✓	  	✓	  	Yes
	 El Dorado Assets
 (November 1, 2011)
	 	$15,000,000
(November 1,
2021)	 	✓6 	  	✓
 (November
1, 2021)
	  	✓
 (November
1, 2016)
	  	✓	  	✓	  	Yes
	 UNEV Pipeline
 (July 12, 2012)
	 	None	 	✓	  	✓
 (July 12,
2022)
	  	✓
 (July 12,
2017)
	  	✓	  	None7	  	No
	 El Dorado Refinery Assets
 (November 1,
2015)
	 	$15,000,000
 (November 1,
2025)
	 	✓	  	✓
 (November
1, 2025)
	  	✓
 (November
1, 2020)
	  	✓	  	✓	  	No
	Osage Pipeline 
(February 22, 2016)	 	None	 	None	  	None	  	None	  	None	  	None8	  	No
	 Tulsa West Crude Tank Assets
 (11:59 p.m.,
March 31, 2016)
	 	$5,000,000
 (11:59 p.m.,
March 31,
2026)
	 	✓	  	None	  	✓

(11:59
p.m.,
March 31,
2021)9
	  	✓	  	✓	  	No
	 Woods Cross Refinery Assets
 October 1,
2016
	 	$15,000,000
 October 1, 2026
	 	✓	  	✓
 October 1,
2026
	  	✓
 October 1,
2026
	  	✓	  	✓	  	No
	 North Loco Tanks
 (December 8, 2017)
	 	None	 	None	  	None	  	None	  	None	  	✓	  	No

  

	4 	 This indemnity with respect to the Cheyenne Assets excludes any Post-Closing Covered Environmental Losses
relating to the RDU Assets from and after January 1, 2021. With respect to the RDU Assets only, the indemnification provisions of the Asset Lease will govern during the term thereof. 

	5 	 Notwithstanding such expiration date with respect to the Cheyenne Assets generally, the indemnity provided for
in Section 3.2(a)(vi)(G) with respect to the Demo Assets and the Released Assets shall expire on March 1, 2022. 

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

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

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

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

  
 45 

 Part 2: Other Assets: 
  

															
	 (a)
	 	(b)	 	(c)	 	(d)	 	(e)	  	(f)	  	(g)	  	(h)
	 OTHER ASSET
AND
CLOSING
DATE
	 	HFC
ENVIRONMENTAL
(Expiration Date)	 	HEP
ENVIRONMENTAL	 	RIGHT-OF-WAY	 	ADDITIONAL
INDEMNITIES	  	OPERATIONAL
INDEMNITY	  	RIGHT
OF
FIRST
REFUSAL	  	INCLUDES
TRANSFERRED
TANKS
		 	Indemnity
from HFC to
HEP for
Pre-Closing
Covered
Environmental
Losses under
Section 3.2(a)
/ Aggregate
cap on HFC
environmental
indemnity
in
 Section 3.1(b)(expiration
date of
indemnity)
	 	Indemnity
from HEP to
HFC for Post-
Closing
Covered
Environmental
Losses under
Section 3.4(a)	 	Right-of-Way
Indemnity
under
Sections
3.2(a)(iii) and

3.2(a)(iv)(expiration
date of
indemnity)
	 	Additional
Indemnities under
Section 3.2(a)(vi)(A)
(expiration date of
indemnity)1	  	Additional
Indemnities
under
Section 3.5	  	Right
of First
Refusal
under
Article
V	  	
	 Malaga Pipeline System
 (July 16, 2013, as
amended by that certain Amended and Restated Transportation Services Agreement dated September 26, 2014)
	 	None 10	 	✓	 	None	 	None	  	✓	  	✓	  	No
	 El Dorado New Tank (Tank 647)
 (January 7,
2014)
	 	None	 	✓	 	✓
 (January 7,
2024)
	 	None	  	✓	  	✓	  	No
	Artesia Rail Yard Facility 
(November 1, 2014)	 	None	 	✓	 	None	 	None	  	✓	  	✓	  	No
	 El Dorado Terminal
 (March 6, 2015)
	 	None	 	✓	 	None	 	None	  	✓	  	✓	  	No

  

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

  
 D-5 

															
	 (a)
	 	(b)	 	(c)	 	(d)	 	(e)	 	(f)	 	(g)	 	(h)
	 OTHER ASSET AND
CLOSING
DATE
	 	HFC
ENVIRONMENTAL
(Expiration Date)	 	HEP
ENVIRONMENTAL	 	RIGHT-OF-WAY	 	ADDITIONAL
INDEMNITIES	 	OPERATIONAL
INDEMNITY	 	RIGHT
OF
FIRST
REFUSAL	 	INCLUDES
TRANSFERRED
TANKS
	Beeson to Lovington System Expansion (March 12, 2015)	 	None	 	✓	 	None	 	None	 	✓	 	✓	 	No
	 Artesia Blending Facility
 (March 12,
2015)
	 	None	 	✓	 	✓
 (March 12,
2025)
	 	None	 	✓	 	✓	 	No
	 Cheyenne New Tank (Tank 117)
 (December 4,
2014)
	 	None	 	✓	 	✓
 (December 4,
2029)
	 	✓
 (The indemnity in
Section 3.2(a)(vi)(G)
shall expire on
March 1, 2022)
	 	✓	 	✓	 	No
	 Tulsa New Tanks 
(Tanks 45 and 444A)
 (May 1,
2016)
	 	None	 	✓	 	✓
 (May 1, 2026)
	 	None	 	✓	 	✓	 	No
	 El Dorado New Tank (Tank 651)
 (September 12,
2016)
	 	None	 	✓	 	✓
 (September 12,
2026)
	 	None	 	✓	 	✓	 	No
	 SLC Pipeline
 (October 31, 2017)
	 	None	 	None	 	None	 	None	 	None	 	✓	 	No
	 Frontier Aspen Pipeline
 (October 31,
2017)
	 	None	 	None	 	None	 	None	 	None	 	✓	 	No
	 NWNAL Assets
 (October 31, 2017)
	 	None	 	None	 	None	 	None	 	None	 	✓	 	No
	 Tulsa Rail Yard Facility
 (December 13,
2017)
	 	None	 	✓	 	None	 	None	 	✓	 	✓	 	No
	 Catoosa Lubes Terminal
 (June 1, 2018)
	 	None	 	✓	 	None	 	None	 	✓	 	✓	 	No
	 Orla Truck Terminal
 (the Orla Commencement
Date)11
	 	None	 	✓	 	None	 	None	 	✓	 	✓12 	 	No
	 Cushing Connect Pipeline
 (the Cushing Connect
Commencement Date)11 
	 	None	 	None	 	None	 	None	 	None	 	None13	 	No
	Navajo Tanks (the Navajo Tank Commencement Date) 11	 	None	 	✓	 	None	 	None	 	✓	 	✓	 	No

  

	11 	 As defined in the Master Throughput Agreement. 

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

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

  
 D-6 

 Exhibit E 

to 
 Twenty-First Amended
and Restated Omnibus Agreement 
  
  

General and Administrative Services 
  

	 	(1)	 Executive services 

  

	 	(2)	 Finance, including treasury, and administration services 

 

	 	(3)	 Information technology services 

 

	 	(4)	 Internal audit services 

 

	 	(5)	 Legal services 

  

	 	(6)	 Corporate health, safety and environmental services 

 

	 	(7)	 Human resources services 

 

	 	(8)	 Procurement 

  

	 	(9)	 Corporate operations team services 

  
 E-1

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