Document:

EX-10.1

 Exhibit 10.1 

FIFTH AMENDED AND RESTATED 

MASTER THROUGHPUT AGREEMENT 

(including Tankage and Loading Racks) 

by and between 

HOLLYFRONTIER REFINING & MARKETING LLC 

and 
 HOLLY ENERGY
PARTNERS-OPERATING, L.P. 
 Effective as of July 1, 2019 

 TABLE OF CONTENTS 

 

							
	 ARTICLE 1 DEFINITIONS AND INTERPRETATIONS
	  	 	2	 
			
	 1.1
	 	DEFINITIONS	  	 	2	 
	 1.2
	 	INTERPRETATION	  	 	2	 
		
	 ARTICLE 2 AGREEMENT TO USE SERVICES
	  	 	2	 
			
	 2.1
	 	INTENT	  	 	2	 
	 2.2
	 	MINIMUM REVENUE COMMITMENTS	  	 	3	 
	 2.3
	 	MEASUREMENT OF SHIPPED VOLUMES	  	 	4	 
	 2.4
	 	VOLUMETRIC GAINS AND LOSSES; LINE FILL; HIGH-API OIL
SURCHARGE	  	 	4	 
	 2.5
	 	OBLIGATIONS OF HEP OPERATING	  	 	4	 
	 2.6
	 	DRAG REDUCING AGENTS AND ADDITIVES	  	 	4	 
	 2.7
	 	CHANGE IN THE DIRECTION; PRODUCT SERVICE OR ORIGINATION AND DESTINATION
OF THE PIPELINE SYSTEM	  	 	5	 
	 2.8
	 	NOTIFICATION OF UTILIZATION	  	 	5	 
	 2.9
	 	SCHEDULING AND ACCEPTING MOVEMENT	  	 	5	 
	 2.10
	 	TAXES	  	 	5	 
	 2.11
	 	TIMING OF PAYMENTS	  	 	5	 
	 2.12
	 	INCREASES IN TARIFF RATES	  	 	5	 
	 2.13
	 	REMOVAL OF TANK FROM SERVICE	  	 	6	 
	 2.14
	 	NO GUARANTEED MINIMUM	  	 	6	 
		
	 ARTICLE 3 AGREEMENT TO REMAIN SHIPPER
	  	 	6	 
		
	 ARTICLE 4 NOTIFICATION OF REFINERY SHUT-DOWN OR RECONFIGURATION
	  	 	6	 
		
	 ARTICLE 5 FORCE MAJEURE
	  	 	7	 
		
	 ARTICLE 6 AGREEMENT NOT TO CHALLENGE PIPELINE TARIFFS
	  	 	7	 
		
	 ARTICLE 7 EFFECTIVENESS AND TERM
	  	 	8	 
		
	 ARTICLE 8 RIGHT TO ENTER INTO A NEW AGREEMENT
	  	 	8	 
			
	 8.1
	 	NEGOTIATION PURSUANT TO WRITTEN NOTICE	  	 	8	 
	 8.2
	 	NEGOTIATION IN THE ABSENCE OF WRITTEN NOTICE	  	 	8	 
		
	 ARTICLE 9 NOTICES
	  	 	9	 
		
	 ARTICLE 10 DEFICIENCY PAYMENTS
	  	 	9	 
			
	 10.1
	 	DEFICIENCY NOTICE; DEFICIENCY PAYMENTS	  	 	9	 
	 10.2
	 	DISPUTED DEFICIENCY NOTICES	  	 	9	 
	 10.3
	 	PAYMENT OF AMOUNTS NO LONGER DISPUTED	  	 	10	 
	 10.4
	 	CONTRACT QUARTERS INDEPENDENT	  	 	10	 
		
	 ARTICLE 11 RIGHT OF FIRST REFUSAL
	  	 	10	 
		
	 ARTICLE 12 INDEMNITY; LIMITATION OF DAMAGES
	  	 	10	 
			
	 12.1
	 	INDEMNITY; LIMITATION OF LIABILITY	  	 	10	 
	 12.2
	 	SURVIVAL	  	 	10	 
		
	 ARTICLE 13 MISCELLANEOUS
	  	 	10	 
			
	 13.1
	 	AMENDMENTS AND WAIVERS	  	 	10	 

  
 i 

							
	 13.2
	 	SUCCESSORS AND ASSIGNS	  	 	11	 
	 13.3
	 	SEVERABILITY	  	 	11	 
	 13.4
	 	CHOICE OF LAW	  	 	11	 
	 13.5
	 	RIGHTS OF LIMITED PARTNERS	  	 	11	 
	 13.6
	 	FURTHER ASSURANCES	  	 	11	 
	 13.7
	 	HEADINGS	  	 	12	 
		
	 ARTICLE 14 GUARANTEE BY HOLLYFRONTIER
	  	 	12	 
			
	 14.1
	 	PAYMENT GUARANTY	  	 	12	 
	 14.2
	 	GUARANTY ABSOLUTE	  	 	12	 
	 14.3
	 	WAIVER	  	 	13	 
	 14.4
	 	SUBROGATION WAIVER	  	 	13	 
	 14.5
	 	REINSTATEMENT	  	 	13	 
	 14.6
	 	CONTINUING GUARANTY	  	 	13	 
	 14.7
	 	NO DUTY TO PURSUE OTHERS	  	 	13	 
		
	 ARTICLE 15 GUARANTEE BY THE PARTNERSHIP
	  	 	13	 
			
	 15.1
	 	PAYMENT AND PERFORMANCE GUARANTY	  	 	13	 
	 15.2
	 	GUARANTY ABSOLUTE	  	 	14	 
	 15.3
	 	WAIVER	  	 	14	 
	 15.4
	 	SUBROGATION WAIVER	  	 	14	 
	 15.5
	 	REINSTATEMENT	  	 	15	 
	 15.6
	 	CONTINUING GUARANTY	  	 	15	 
	 15.7
	 	NO DUTY TO PURSUE OTHERS	  	 	15	 

 EXHIBITS 

Exhibit A - Definitions 
 Exhibit B - Interpretation

 Exhibit C - Applicable Assets, Product, Minimum Capacity Commitment, Tariffs, Tariff Adjustments and Applicable Terms 

Exhibit D - Measurement of Shipped Volumes 
 Exhibit
E - Volumetric Gains and Losses; Line Fill; High-API Oil Surcharge 
 Exhibit F - Increases in Tariff
Rates as a Result of Changes in Applicable Law 
 Exhibit G - Special Provisions: Malaga Pipeline System 

Exhibit G-1 - Construction Projects 

Exhibit G-2 - Devon Lease Connections 

Exhibit H - Special Provisions: El Dorado Assets 

Exhibit H-1 - El Dorado Loading Rack 

Exhibit H-2 - El Dorado Tankage 

Exhibit H-3 - Specifications for New Tank 

Exhibit I - Special Provisions: Cheyenne Assets 

Exhibit I-1 - Cheyenne Loading Rack 

Exhibit I-2 - Cheyenne Receiving Assets 

Exhibit I-3 - Cheyenne Tankage 

Exhibit J - Special Provisions: Tulsa East Assets 

  
 ii 

 Exhibit J-1 - Tulsa Group 1 Loading Rack 

Exhibit J-2 - Tulsa Group 1 Pipeline 

Exhibit J-3 - Tulsa Group 1 Tankage 

Exhibit J-4 - Tulsa Group 2 Loading Rack 

Exhibit J-5 - Tulsa Group 2 Tankage 

Exhibit K - Special Provisions: El Dorado Crude Tank Farm Assets 

Exhibit K-1 - El Dorado Crude Tankage and Jayhawk Tankage 

Exhibit K-2 - El Dorado Terminal Quality Specifications 

Exhibit L-1 - Tulsa West Tankage 

Exhibit L-2 - Special Provisions: Tulsa West Tankage 

Exhibit M - Special Provisions: Orla Truck Terminal 

Exhibit N-1 - Refined Products Pipelines 

Exhibit N-2 - Refined Products Terminals and Terminalling Fees 

Exhibit N-3 - Special Provisions: Refined Products Pipelines and Refined Products Terminals 

  
 iii 

 FIFTH AMENDED AND RESTATED 

MASTER THROUGHPUT AGREEMENT 

This Fifth Amended and Restated Master Throughput Agreement (this “Agreement”) is dated and effective as of the Effective
Time (as defined below) by and between HOLLYFRONTIER REFINING & MARKETING LLC (“HFRM”) and HOLLY ENERGY PARTNERS—OPERATING, L.P. (“HEP Operating”). Each of HFRM and HEP Operating are
collectively referred to herein as the “Parties.” 
 RECITALS: 

A. In connection with that certain Pipeline Throughput Agreement (Roadrunner), dated as of December 1, 2009, between HFRM (as successor
in interest to HollyFrontier Navajo) and HEP Operating, HEP Operating agreed to provide certain transportation services for HFRM on the Roadrunner Pipeline, as defined below. 

B. In connection with that certain Loading Rack Throughput Agreement (Lovington), dated as of March 31, 2010, between HFRM (as successor
in interest to HollyFrontier Navajo) and HEP Operating (as successor in interest to Holly Energy Storage-Lovington LLC), HEP Operating agreed to provide certain loading services for HFRM with respect to the Lovington Loading Rack, as defined below.

 C. In connection with that Second Amended and Restated Pipelines, Tankage and Loading Rack Throughput Agreement (Tulsa East), dated as of
August 31, 2011, between HFRM (as successor in interest to Holly Refining and Marketing-Tulsa LLC) and HEP Operating (as successor in interest to HEP Tulsa LLC and Holly Energy Storage—Tulsa LLC), HEP Operating agreed to provide certain
transportation, storage and loading services to HFRM with respect to the Tulsa Interconnecting Pipelines, as defined below. 
 D. In
connection with that certain First Amended and Restated Tankage, Loading Rack and Crude Oil Receiving Throughput Agreement (Cheyenne), dated as of January 11, 2012 between HFRM (as successor in interest to Frontier Refining LLC) and HEP
Operating (as successor in interest to Cheyenne Logistics LLC), HEP Operating agreed to provide certain storage and loading services to HFRM with respect to the Cheyenne Assets, as defined below. 

E. In connection with that certain Second Amended and Restated Pipeline Delivery, Tankage and Loading Rack Throughput Agreement (El Dorado),
dated as of January 7, 2014 between HFRM (as successor in interest to Frontier El Dorado Refining LLC) and HEP Operating (as successor in interest to El Dorado Logistics LLC), HEP Operating agreed to provide certain transportation, storage and
loading services to HFRM with respect to the El Dorado Assets, as defined below. 
 F. In connection with that certain Amended and Restated
Transportation Services Agreement (Malaga), dated September 26, 2014, between HFRM and HEP Operating, HEP Operating agreed to provide certain transportation services to HFRM with respect to the Malaga Pipeline System, as defined below. 

G. HEP Operating owns certain other pipelines, tankage and other assets which it desires to utilize to provide transportation, storage and
loading services for HFRM. 
 H. The Parties entered into that certain Master Throughput Agreement, effective January 1, 2015 (the
“Original Master Throughput Agreement”) pursuant to which HEP Operating agreed to provide certain transportation, storage and loading services with respect to the Applicable Assets, as defined below, and pursuant to which the
Parties agreed that such services would no longer be provided pursuant to the Prior Agreements. 

  
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 I. The Original Master Throughput Agreement has been further amended and restated, resulting
in that certain Fourth Amended and Restated Master Throughput Agreement, effective June 1, 2018 (the “Previous Amended and Restated Master Throughput Agreement”). 

J. In connection with that certain Second Amended and Restated Refined Product Pipelines and Terminals Agreement, dated as of
February 22, 2016 (the “Refined Products Throughput Agreement”), between HFRM and HEP Operating, HEP Operating agreed to provide certain transportation and terminalling services to HFRM with respect to the Refined Products
Pipelines and the Refined Products Terminals, each as defined below. 
 K. In connection with the expiration of the Refined Products
Throughput Agreement, the Parties now desire to amend and restate the Previous Amended and Restated Master Throughput Agreement in its entirety as follows to, among other things, add the Refined Products Pipelines and the Refined Products Terminals.

 NOW, THEREFORE, in consideration of the covenants and obligations contained herein, the Parties hereby agree as follows: 

ARTICLE 1 
 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 A. 
 1.2 Interpretation. Matters relating to the interpretation of this
Agreement are set forth on Exhibit B. 
 ARTICLE 2 

AGREEMENT TO USE SERVICES 

2.1 Intent. The Parties intend to be strictly bound by the terms set forth in this Agreement, which sets forth revenues to HEP
Operating to be paid by HFRM, and requires HEP Operating to provide certain transportation, storage and loading services to HFRM. The principal objective of HEP Operating is for HFRM to meet or exceed its obligations with respect to the Minimum
Revenue Commitment. The principal objective of HFRM is for HEP Operating to provide services to HFRM in a manner that enables HFRM to transport, store and/or load Products on, in or at the Applicable Assets. It is the Parties’ further intent
that the terms and provisions of this Agreement shall be effective and govern from and after the Effective Time. Any matter first arising prior to the Effective Time shall be governed by the respective agreement relating thereto referenced in the
Recitals. 

  
 2 

 2.2 Minimum Revenue Commitments. During the Applicable Term and subject to the terms
and conditions of this Agreement, and as further set forth in Exhibit C, HFRM agrees as follows: 
 (a) Capacity and Revenue
Commitment. Subject to Article 4, HFRM shall pay HEP Operating Applicable Tariffs for use of the Applicable Assets and associated services as provided herein that result in the payment of an amount that will satisfy the Minimum Revenue
Commitment in exchange for HEP Operating providing HFRM a minimum capacity in each of the Applicable Assets equal to the Minimum Capacity Commitment. The “Minimum Revenue Commitment” shall be the aggregate sum of the revenue to HEP
Operating for each Contract Quarter determined by multiplying the Minimum Throughput Commitment for each Applicable Asset for such Contract Quarter, by the Base Tariff for such Applicable Asset in effect for such Contract Quarter. The
“Minimum Capacity Commitment” means the amount set forth on Exhibit C for each Applicable Asset. 
 (b)
Applicable Tariffs. HFRM shall pay (i) the applicable Base Tariffs for all quantities of Product transported, stored or loaded at, on or through the Applicable Assets in each Contract Quarter during the Applicable Term up to and
including the applicable Incentive Tariff Threshold for such Applicable Asset set forth on Exhibit C, (ii) the applicable Incentive Tariff for quantities in excess of the Incentive Tariff Threshold and, (iii) if applicable, the
Excess Tariff for the Applicable Asset for quantities in excess of the Excess Tariff Threshold. HFRM shall pay the applicable fees for all quantities of Product transported, stored or loaded at, on or through the Refined Products Terminals in each
Contract Quarter during the Applicable Term set forth on Exhibit N-2. 
 (c) Adjustment of
Applicable Tariffs. The Applicable Tariffs shall be adjusted in the manner set forth on Exhibit C. To evidence the Parties’ agreement to each adjusted Applicable Tariff, the Parties may, but shall not be required to, execute an
amended, modified, revised or updated Exhibit C and attach it to this Agreement. If executed, such amended, modified, revised or updated Exhibit C shall be sequentially numbered (e.g. Exhibit
C-1, Exhibit C-2, etc.), dated and appended as an additional exhibit to this Agreement and shall replace the prior version of Exhibit C in its
entirety, after its date of effectiveness. The applicable fees in respect of the Refined Products Terminals shall be adjusted as set forth on Exhibit N-2. 

(d) Reduction for Non-Force Majeure Operational Difficulties. If HFRM is unable to transport,
store and/or load on, in or at any Applicable Asset the volumes of Products required to meet the Minimum Revenue Commitment for such Applicable Asset for a particular Contract Quarter as a result of HEP Operating’s operational difficulties,
prorationing, or the inability to provide sufficient capacity for the Minimum Throughput Commitment, then the Minimum Revenue Commitment applicable to the Contract Quarter during which HFRM is unable to transport, store and/or load such volumes of
Products will be reduced by an amount equal to: (A) the volume of Products that HFRM was unable to transport, store and/or load on, in or at such Applicable Assets (but not to exceed the Minimum Throughput Commitment), as a result of HEP
Operating’s operational difficulties, prorationing or inability to provide sufficient capacity on the Applicable Assets to achieve the Minimum Throughput Commitment, multiplied by (B) the applicable Base Tariff. This
Section 2.2(d) shall not apply in the event HEP Operating gives notice of a Force Majeure event in accordance with the terms of the Omnibus Agreement, in which case the Minimum Revenue Commitment shall be suspended to the
extent contemplated in Article IX of the Omnibus Agreement. 
 (e) Pro-Rationing for
Partial Periods. Notwithstanding the other portions of this Section 2.2, in the event that the commencement date of the Applicable Term for any group of Applicable Assets is any date other than the first day of a
Contract Quarter, then the Minimum Revenue Commitment, Minimum Throughput Commitment, and any applicable Incentive Tariffs for the initial partial Contract Quarter with respect to such group of Applicable Assets shall be prorated based upon the
number of days actually in such partial Contract Quarter. Similarly, notwithstanding the other portions of this Section 2.2 if the last day of the Applicable Term for any group of Applicable Assets is on a day other than
the last day of a Contract Quarter, then the Minimum Revenue Commitment, Minimum Throughput Commitment, and any applicable Incentive Tariff for the final partial Contract Quarter with respect to such group of Applicable Assets shall be prorated
based upon the number of days actually in such partial Contract Quarter and the initial Contract Quarter. 

  
 3 

 2.3 Measurement of Shipped Volumes. Matters with respect to the measurement of
shipped volumes are set forth on Exhibit D. 
 2.4 Volumetric Gains and Losses; Line Fill;
High-API Oil Surcharge. Matters with respect to volumetric gains and losses, line fill and high-API oil surcharges are set forth on Exhibit E. 

2.5 Obligations of HEP Operating. During the Applicable Term and subject to the terms and conditions of this Agreement, HEP Operating
agrees to: 
 (a) own or lease, operate and maintain (directly or through a Subsidiary) the Applicable Assets and all related
assets necessary to handle the applicable Products from HFRM;  
 (b) make available for HFRM’s use the capacity
of the Applicable Assets of at least the Minimum Capacity Commitment; 
 (c) provide the services required under this
Agreement and perform all operations relating to the Applicable Assets, including tank gauging, tank maintenance, loading trucks, interaction with third party pipelines and customer interface for access agreements (as applicable) and performance of
all operations and maintenance for the Applicable Assets; 
 (d) maintain adequate property and liability insurance covering
the Applicable Assets and any related assets owned by HEP Operating or its affiliates and necessary for the operation of the Applicable Assets; and 

(e) at the request of HFRM, and subject in any case to any applicable common carrier proration duties and commitments to other
third-party shippers, use commercially reasonable efforts to transport, store and/or load on the Applicable Assets for HFRM each month during the Applicable Term the quantity of Products that HFRM designates from time to time, but in no event less
than the Minimum Capacity Commitment. 
 Notwithstanding the first sentence of this Section 2.5, subject to the dispute resolution
provisions of the Omnibus Agreement and with respect to the Tulsa Assets, the Tulsa Purchase Agreements, HEP Operating or its Affiliate is free to sell any of its assets, including any Applicable Assets, and HFRM is free to merge with another entity
and to sell all of its assets or equity to another entity at any time. 
 2.6 Drag Reducing Agents and Additives. If HEP Operating
determines that adding drag reducing agents (“DRA”) to the Products is reasonably required to move the Products in the quantities necessary to meet HFRM’s schedule or as may be otherwise be required to safely move such
quantities of Products or that additives should be used in the operation of the Applicable Assets, HEP Operating shall provide HFRM with an analysis of the proposed cost and benefits thereof. In the event that HFRM agrees to use such additives as
proposed by HEP Operating, HFRM shall reimburse HEP Operating for the costs of adding any DRA or additives. If HEP Operating reasonably determines that additives or chemicals must be added to any of the pipelines included in the Applicable Assets to
prevent or control internal corrosion of the pipe, then HFRM shall reimburse HEP Operating for the direct cost of the chemical and associated injection equipment. 

  
 4 

 2.7 Change in the Direction; Product Service or Origination and Destination of the
Pipeline System. Without HFRM’s prior written consent (which consent shall not be unreasonably withheld, conditioned or delayed), HEP Operating shall not (i) reverse the direction of flow of any Pipeline; (ii) change, alter or
modify the Product service of any Pipeline; or (iii) change, alter or modify the origination or destination of any Pipeline; provided, however, that HEP Operating may take any necessary emergency action to prevent or remedy a
release of Products from a Pipeline without obtaining the consent required by this Section 2.7. HFRM shall have the right to reverse the direction of flow of any segment of a Pipeline where it is the sole shipper of
Products if, in each case, HFRM agrees to (1) reimburse HEP Operating for the additional costs and expenses incurred by HEP Operating as a result of such change in direction (both to reverse and
re-reverse); (2) reimburse HEP Operating for all costs arising out of HEP Operating’s inability to perform under any transportation service contract due to the reversal of the direction of flow of the
Pipeline; and (3) pay the Applicable Tariffs in accordance with this Agreement, for any such flow reversal. With respect to the Malaga Pipeline System, the foregoing shall apply regardless of whether the Product shipped in such manner reaches
an injection point for the Centurion Pipeline or Plains Pipeline. HEP Operating shall not acquire any right, title or interest in the Products, and all title to and ownership of the Products while the same is in the possession of HEP Operating shall
be and shall remain exclusively in HFRM. HEP Operating shall not represent itself to any third party as the owner of any of the Products and shall hold the same in trust for HFRM. HFRM shall advise HEP Operating in writing of any change in Product
ownership while in the Applicable Assets. If any of HFRM’s Product is sold, exchanged, or otherwise changes ownership while in the Applicable Assets, HFRM shall nonetheless be responsible for the terms and conditions of this Agreement the same
as if Products had been owned by HFRM. 
 2.8 Notification of Utilization. Upon request by HEP Operating, HFRM will provide to HEP
Operating written notification of HFRM’s reasonable good faith estimate of its anticipated future utilization of the Applicable Assets as soon as reasonably practicable after receiving such request. 

2.9 Scheduling and Accepting Movement. HEP Operating will use its reasonable commercial efforts to schedule and accept movements of
Products in a manner that is consistent with the historical dealings between the Parties and their Affiliates, as such dealings may change from time to time. 

2.10 Taxes. HFRM will pay all taxes, import duties, license fees and other charges by any Governmental Authority levied on or with
respect to the Products handled by HFRM for transportation, storage and/or loading by HEP Operating. Should either Party be required to pay or collect any taxes, duties, charges and or assessments pursuant to any Applicable Law or authority now in
effect or hereafter to become effective which are payable by the any other Party pursuant to this Section 2.10 the proper Party shall promptly reimburse the other Party therefor. 

2.11 Timing of Payments. HFRM will make payments to HEP Operating by electronic payment with immediately available funds on a monthly
basis during the Applicable Term with respect to services rendered or reimbursable costs or expenses incurred by HEP Operating under this Agreement in the prior month. Payments not received by HEP Operating on or prior to the tenth day following the
invoice date will accrue interest at the Prime Rate from the applicable payment date until paid. 
 2.12 Increases in Tariff Rates.
If new Applicable Laws are enacted that require HEP Operating to make capital expenditures with respect to the Applicable Assets, HEP Operating may amend the Applicable Tariffs in the manner set forth in Exhibit F, in order to recover HEP
Operating’s cost of complying with such new Applicable Laws (as determined in good faith and including a reasonable return). HFRM and HEP Operating shall use their reasonable commercial efforts to comply with such new Applicable Laws, and shall
negotiate in good faith to mitigate the impact of such new Applicable Laws and to determine the amount of the new Applicable Tariff rates. If HFRM and HEP Operating are unable to agree on the amount of the new Applicable Tariff rates that HEP
Operating will charge, such Applicable Tariff rates will be resolved in the manner provided for in the Omnibus Agreement. Any other applicable exhibit to this Agreement will be updated, amended or revised, as applicable, in accordance with this
Agreement to reflect any changes in Applicable Tariff rates established in accordance with this Section 2.12. 

  
 5 

 2.13 Removal of Tank from Service. The Parties agree that if a tank included in the
Applicable Assets is removed from service, then HEP Operating will not be required to utilize, operate or maintain such tank or provide the services required under this Agreement with respect to such tank (and there will be no adjustment to the
applicable Minimum Revenue Commitment). The Parties acknowledge that provisions relating to the inspection, repair and maintenance of tanks included in the Applicable Assets are set forth in the Master Lease and Access Agreement, and such provisions
are in addition to, and not in substitution of, the terms set forth in this Section 2.13. 
 2.14 No Guaranteed
Minimum. Notwithstanding anything to the contrary set forth in this Agreement, there is no requirement that HFRM deliver any minimum quantity of Product for transport, storage, handling or loading on, over or in the Applicable Assets, it being
understood that HFRM’s obligation for failing to ship, store or load sufficient quantities of Product to satisfy the Minimum Revenue Commitment is to make Deficiency Payments as provided in Article 10. 

2.15 Ethanol Blending. For any Applicable Asset at which HEP Operating provides ethanol blending services to HFRM, HEP Operating agrees
to allow HFRM or its representative to perform (i) periodic audits of the ethanol blending operation to assess whether the overall volumes of ethanol used by HEP Operating are consistent with HFRM’s ethanol blending specifications and that
the ethanol was blended with HFRM’s gasoline or blend stock; and (ii) periodic sampling and testing of the gasoline produced subsequent to the ethanol blending and periodic inspections to ensure the contractual requirements between HEP
Operating and HFRM are being met. 
 ARTICLE 3 

AGREEMENT TO REMAIN SHIPPER 

With respect to any Product that is transported, stored or loaded in connection with any of the Applicable Assets by HFRM, HFRM agrees that it
will continue acting in the capacity of the shipper of any such Product for its own account at all times that such Product is being transported, stored, handled or loaded in the Applicable Assets. 

ARTICLE 4 
 NOTIFICATION
OF REFINERY SHUT-DOWN OR RECONFIGURATION 
 If a Refinery shuts down or the Refinery owner reconfigures the Refinery or any portion of
the Refinery (excluding planned maintenance turnarounds) and HFRM reasonably believes in good faith that such shut down or reconfiguration will jeopardize its ability to satisfy its applicable Minimum Revenue Commitments under this Agreement, then
within 90 days of the delivery of the written notice of the planned shut down or reconfiguration, HFRM shall (A) propose a new Minimum Revenue Commitment under this Agreement, as applicable, such that the ratio of the new applicable Minimum
Revenue Commitment under this Agreement over the anticipated production level following the shut down or reconfiguration will be approximately equal to the ratio of the original applicable Minimum Revenue Commitment under this Agreement over the
original production level and (B) propose the date on which the new Minimum Revenue Commitment under this Agreement shall take effect. Unless objected to by HEP Operating within 60 days of receipt by HEP Operating of such proposal, such new
Minimum Revenue Commitment under this Agreement shall become effective as of the date proposed by HFRM. To the extent that HEP Operating does not agree with HFRM’s proposal, any changes in HFRM’s obligations under this Agreement, or the
date on which such changes will take effect, will be determined pursuant to the dispute resolution provisions of the Omnibus Agreement. Any applicable exhibit to this Agreement will be updated, amended or revised, as applicable, in accordance with
this Agreement to reflect any change in the applicable Minimum Revenue Commitment under this Agreement agreed to in accordance with this Section 4.1. 

  
 6 

 In addition, in the event of a partial shutdown or a reconfiguration of the Navajo Refinery,
HFRM agrees to utilize the Refined Products Pipelines and the Navajo Refinery truck rack for 100% of the Navajo Refinery output for the duration of such partial shutdown or reconfiguration. 

ARTICLE 5 
 FORCE MAJEURE

 The rights and obligations of the Parties upon the occurrence of an event of Force Majeure will be determined in the manner set forth
in the Omnibus Agreement; provided that (a) any suspension of the obligations of the Parties under this Agreement as a result of an event of Force Majeure shall extend the Applicable Term (to the extent so affected) for a period equivalent to
the duration of the inability set forth in the Force Majeure Notice, (b) HFRM will be required to pay any amounts accrued and due under this Agreement at the time of the Force Majeure event, and (c) if a Force Majeure event prevents either
Party from performing substantially all of their respective obligations under this Agreement relating to a group of Applicable Assets for a period of more than one (1) year, this Agreement may be terminated as to such Applicable Assets (but not
as to unaffected Applicable Assets) by either Party providing written notice thereof to the other Party. 
 ARTICLE 6 

AGREEMENT NOT TO CHALLENGE PIPELINE TARIFFS 

HFRM agrees to any tariff rate changes for Pipelines in accordance with this Agreement. HFRM agrees (a) not to challenge, nor to cause
their Affiliates to challenge, nor to encourage or recommend to any other Person that it challenge, or voluntarily assist in any way any other Person in challenging, in any forum, interstate or intrastate tariffs (including joint tariffs) of HEP
Operating (or its Affiliates) that HEP Operating (or its Affiliate) has filed or may file containing rates, rules or regulations that are in effect at any time during the Applicable Term and regulate the transportation of the Products on any
Pipelines, (b) not to protest or file a complaint, nor cause their Affiliates to protest or file a complaint, nor encourage or recommend to any other Person that it protest or file a complaint, or voluntarily assist in any way any other Person
in protesting or filing a complaint, with respect to regulatory filings that HEP Operating or its Affiliate has made or may make at any time during the Applicable Term to change interstate or intrastate tariffs (including joint tariffs) for
transportation of Products on any Pipelines, and (c) not to seek, nor cause any of its Affiliates to seek, nor encourage or recommend to any other Person that it seek, or voluntarily assist in any way any other Person in seeking, regulatory
review of, or regulatory jurisdiction over, the contractual rates charged at any time during the term of this Agreement by HEP Operating for terminalling services or to challenge, in any forum, such rates or changes to such rates, in each case so
long as such tariffs, regulatory filings or rates changed do not conflict with the terms of this Agreement. 

  
 7 

 ARTICLE 7 

EFFECTIVENESS AND APPLICABLE TERM 

This Agreement shall be effective as to each group of Applicable Assets as of the date and time set forth on Exhibit C (or, in the case
of the Refined Products Terminals, Exhibit N-2) and shall terminate with respect to each group of Applicable Assets as of the date and time set forth on Exhibit C (or, in the case of the Refined
Products Terminals, Exhibit N-2), unless extended by written mutual agreement of the Parties or as set forth in Article 8 (each, the “Applicable Term”). The Party desiring to
extend this Agreement with respect to any group of Applicable Assets pursuant to this Article 7 shall provide prior written notice to the other Party of its desire to so extend this Agreement; such written notice shall be provided not more
than twenty-four (24) months and not less than the later of twelve (12) months prior to the date of termination of the Applicable Term or ten (10) days after receipt of a written request from the other Party (which request may be
delivered no earlier than twelve (12) months prior to the date of termination of the Applicable Term) to provide any such notice or lose such right. 

ARTICLE 8 
 RIGHT TO
ENTER INTO A NEW AGREEMENT 
 8.1. Negotiation Pursuant to Written Notice. In the event that HFRM provides prior written notice
to HEP Operating of the desire of HFRM to extend this Agreement for a specific group of Applicable Assets by written mutual agreement of the Parties pursuant to Article 7, the Parties shall negotiate in good faith to extend this Agreement by
written mutual agreement with respect to such specific group of Applicable Assets, but, if such negotiations fail to produce a written mutual agreement for extension by a date six months prior to the termination date for such group of Applicable
Assets, then HEP Operating shall have the right to negotiate to enter into one or more throughput, tankage or transportation services agreements for HFRM’s Minimum Capacity Commitment for such Applicable Assets with one or more third parties to
begin after the date of termination, provided, however, that until the end of one year following termination without renewal of this Agreement for such group of Applicable Assets, HFRM will have the right to enter into a new
throughput, tankage or transportation services or transportation services agreement with HEP Operating with respect to its Minimum Capacity Commitment on the date of termination on commercial terms that substantially match the terms upon which HEP
Operating proposes to enter into an agreement with a third party for similar services with respect to all or a material portion of such capacity of such group of Applicable Assets. In such circumstances, HEP Operating shall give HFRM at least
forty-five (45) days prior written notice of any proposed new throughput agreement with a third party, and such notice shall inform HFRM of the fee schedules, tariffs, duration and any other material terms of the proposed third party agreement.
HFRM shall have forty-five (45) days following receipt of such notice to agree to the terms specified in the notice or HFRM shall lose the rights specified by this Section 8.1 with respect to the capacity that is the
subject of such notice. 
 8.2. Negotiation in the Absence of Written Notice. In the event that HFRM fails to provide prior written
notice to HEP Operating of the desire of HFRM to extend this Agreement for a specific group of Applicable Assets by written mutual agreement of the Parties pursuant to Article 7, HEP Operating shall have the right, during the period from the
date of HFRM’s failure to provide written notice pursuant to Article 7 to the date of termination of this Agreement, to negotiate to enter into one or more throughput, tankage or transportation services agreements for HFRM’s Minimum
Capacity Commitment for the such group of Applicable Assets with one or more third parties to begin after the date of termination; provided, however, that at any time during the twelve (12) months prior to the expiration of the
Applicable Term, HFRM will have the right to enter into a new throughput, tankage agreement with HEP Operating with respect to its existing Minimum Capacity Commitment at such time on commercial terms that substantially

  
 8 

 
match the terms upon which HEP Operating proposes to enter into an agreement with a third party for similar services with respect to all or a material portion of such capacity on such group of
Applicable Assets. In such circumstances, HEP Operating shall give HFRM forty-five (45) days prior written notice of any proposed new agreement with a third party, and such notice shall inform HFRM of the fee schedules, tariffs, duration and
any other material terms of the proposed third party agreement and HFRM shall have forty-five (45) days following receipt of such notice to agree to the terms specified in the notice or HFRM shall lose the rights specified by this
Section 8.2 with respect to the capacity that is the subject of such notice. 
 ARTICLE 9 

NOTICES 
 Any notice or
other communication given under this Agreement shall be in writing and shall be provided in the manner set forth in the Omnibus Agreement. 

ARTICLE 10 
 DEFICIENCY
PAYMENTS 
 10.1 Deficiency Notice; Deficiency Payments. As soon as practicable following the end of each Contract Quarter under
this Agreement, HEP Operating shall deliver to HFRM a written notice (the “Deficiency Notice”) detailing any failure of HFRM to meet any of the Minimum Revenue Commitments set forth on Exhibit C; provided, however,
that HFRM’s obligations pursuant to the Minimum Revenue Commitment shall be assessed on a quarterly basis for the purposes of this Article 10. Notwithstanding the previous sentence, any deficiency owed by HFRM due to its failure to
satisfy any Minimum Revenue Commitment, if any, set forth on Exhibit C, as to any Applicable Asset for a Contract Quarter shall be offset by any revenue owed to HEP Operating in excess of any Minimum Revenue Commitment for such Contract
Quarter set forth on Exhibit C from any other Applicable Asset at the same location. The Deficiency Notice shall (i) specify in reasonable detail the nature of any deficiency and (ii) specify the approximate dollar amount that HEP
Operating believes would have been paid by HFRM to HEP Operating if HFRM had complied with its Minimum Revenue Commitment obligations pursuant to this Agreement (the “Deficiency Payment”). HFRM shall pay the Deficiency Payment to
HEP Operating upon the later of: (A) ten (10) days after their receipt of the Deficiency Notice and (B) thirty (30) days following the end of the related Contract Quarter. 

10.2 Disputed Deficiency Notices. If HFRM disagrees with the Deficiency Notice, then, following the payment of the undisputed portion
of the Deficiency Payment to HEP Operating, if any, HFRM shall send written notice thereof regarding the disputed portion of the Deficiency Payment to HEP Operating. Thereafter, a senior officer of HollyFrontier (on behalf of HFRM) and a senior
officer of the Partnership (on behalf of HEP Operating) shall meet or communicate by telephone at a mutually acceptable time and place, and thereafter as often as they reasonably deem necessary and shall negotiate in good faith to attempt to resolve
any differences that they may have with respect to matters specified in the Deficiency Notice. During the 30-day period following the payment of the Deficiency Payment, HFRM shall have access to the working
papers of HEP Operating relating to the Deficiency Notice. If such differences are not resolved within thirty (30) days following HFRM’s receipt of the Deficiency Notice, HFRM and HEP Operating shall, within forty-five (45) days
following HFRM’s receipt of the Deficiency Notice, submit any and all matters which remain in dispute and which were properly included in the Deficiency Notice to dispute resolution in accordance with the Omnibus Agreement. 

  
 9 

 10.3 Payment of Amounts No Longer Disputed. If it is finally determined pursuant to
this Article 10 that HFRM is required to pay any or all of the disputed portion of the Deficiency Payment, HFRM shall promptly pay such amount to HEP Operating, together with interest thereon at the Prime Rate, in immediately available funds.

 10.4 Contract Quarters Independent. The fact that HFRM has exceeded or fallen short of the Minimum Revenue Commitment with respect
to any Contract Quarter shall not be considered in determining whether HFRM meets, exceeds or falls short of the Minimum Revenue Commitment with respect to any other Contract Quarter, and the amount of any such excess or shortfall shall not be
counted towards or against the Minimum Revenue Commitment with respect to any other Contract Quarter. 
 ARTICLE 11 

RIGHT OF FIRST REFUSAL 

The Parties acknowledge the right of first refusal of HollyFrontier with respect to the Applicable Assets other than the Tulsa Assets as
provided in the Omnibus Agreement, and the right of first refusal of HollyFrontier with respect to the Tulsa Assets as provided in the Tulsa Purchase Agreements. 

ARTICLE 12 
 INDEMNITY;
LIMITATION OF DAMAGES 
 12.1 Indemnity; Limitation of Liability. The Parties acknowledge and agree that the provisions relating
to indemnity and limitation of liability are set forth in the Omnibus Agreement. Notwithstanding anything in this Agreement or the Omnibus Agreement to the contrary and solely for the purpose of determining which of HFRM or HEP Operating shall be
liable in a particular circumstance, neither HFRM or HEP Operating shall be liable to the other Party for any loss, damage, injury, judgment, claim, cost, expense or other liability suffered or incurred (collectively, “Damages”) by
such Party except to the extent set forth in the Omnibus Agreement and to the extent that HFRM or HEP Operating causes such Damages or owns or operates the assets or other property in question responsible for causing such Damages. 

12.2 Survival. The provisions of this Article 12 shall survive the termination of this Agreement. 

ARTICLE 13 

MISCELLANEOUS 
 13.1
Amendments and Waivers. No amendment or modification of this Agreement shall be valid unless it is in writing and signed by the Parties. 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 if each of the Parties executes an amended, modified, revised or updated exhibit, and attaches
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 to this Agreement and shall replace the prior exhibit, in its entirety, after its date of effectiveness, 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 

 13.2 Successors and Assigns. This Agreement shall inure to the benefit of, and shall
be binding upon, the Parties and their respective successors and permitted assigns. Neither this Agreement nor any of the rights or obligations hereunder shall be assigned without the prior written consent of HFRM (in the case of any assignment by
HEP Operating) or HEP Operating (in the case of any assignment by HFRM), in each case, such consent is not to be unreasonably withheld or delayed; provided, however, that (i) HEP Operating may make such an assignment (including a
partial pro rata assignment) to an Affiliate of HEP Operating without HFRM’s consent, (ii) HFRM may make such an assignment (including a pro rata partial assignment) to an Affiliate of HFRM without HEP Operating’s
consent, (iii) HFRM may, without HEP Operating’s prior written consent, make a partial assignment to any third party that acquires assets of HollyFrontier that rely on the services provided by HEP Operating on the Refined Products
Pipelines and the Refined Products Terminals if such Person (1) is reasonably capable of performing HFRM’s obligations (or its pro rata portion of such obligations) under this Agreement assigned to such Person, which determination shall be
made by HFRM in its reasonable judgment and (2) has agreed in writing to assume the obligations of HFRM assigned to such Person, (iv) HEP Operating may, without HFRM’s prior written consent, make a partial assignment to any third
party that acquires any of the Refined Products Pipelines or the Refined Products Terminals if such Person (1) is reasonably capable of performing HEP Operating’s obligations (or its pro rata portion of such obligations) under this
Agreement assigned to such Person, which determination shall be made by HEP Operating in its reasonable judgment and (2) has agreed in writing to assume the obligations of HEP Operating assigned to such Person, (v) HFRM may make a
collateral assignment of its rights and obligations hereunder and/or grant a security interest in its rights and obligations hereunder, and HEP Operating shall execute an acknowledgement of such collateral assignment in such form as may from time-to-time be reasonably requested, and (vi) HEP Operating may make a collateral assignment of its rights hereunder and/or grant a security interest in its rights and
obligations hereunder to a bona fide third party lender or debt holder, or trustee or representative for any of them, without HFRM’s consent, if such third party lender, debt holder or trustee shall have executed and delivered to HFRM a non-disturbance agreement in such form as is reasonably satisfactory to HFRM and such third party lender, debt holder or trustee, and HFRM executes an acknowledgement of such collateral assignment in such form as
may from time to time be reasonably requested. Any attempt to make an assignment otherwise than as permitted by the foregoing shall be null and void. The Parties agree to require their respective successors, if any, to expressly assume, in a form of
agreement reasonably acceptable to the other Parties, their obligations under this Agreement. 
 13.3 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. 

13.4 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. 

13.5 Rights of Limited Partners. The provisions of this Agreement are enforceable solely by the Parties, and no limited partner of the
Partnership shall have the right, separate and apart from the Partnership, to enforce any provision of this Agreement or to compel any Party to comply with the terms of this Agreement. 

13.6 Further Assurances. In connection with this Agreement and all transactions contemplated by this Agreement, each signatory 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. 

  
 11 

 13.7 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. All references in this Agreement to Sections are to Sections of this Agreement unless otherwise stated. 

13.8 Filed Tariffs. Nothing in this Agreement shall alter the liabilities and obligations of the Parties as may be set forth in the
rules and regulations tariffs for the Applicable Assets. 
 ARTICLE 14 

GUARANTEE BY HOLLYFRONTIER 

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

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

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

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

(e) any absence of any notice to, or knowledge of, HollyFrontier, of the existence or occurrence of any of the matters or
events set forth in the foregoing subsections (i) through (iv); or 
 (f) any other circumstance which might otherwise
constitute a defense available to, or a discharge of, a guarantor. 
 The obligations of HollyFrontier hereunder shall not be subject to any
reduction, limitation, impairment or termination for any reason, including any claim of waiver, release, surrender, alteration or compromise, and shall not be subject to any defense or setoff, counterclaim, recoupment or termination whatsoever by
reason of the invalidity, illegality or unenforceability of the HFRM Payment Obligations or otherwise. 

  
 12 

 14.3 Waiver. HollyFrontier hereby waives promptness, diligence, all setoffs,
presentments, protests and notice of acceptance and any other notice relating to any of the HFRM Payment Obligations and any requirement for HEP Operating to protect, secure, perfect or insure any security interest or lien or any property subject
thereto or exhaust any right or take any action against HFRM, any other entity or any collateral. 
 14.4 Subrogation Waiver.
HollyFrontier agrees that for so long as there is a current or ongoing default or breach of this Agreement by HFRM, HollyFrontier shall not have any rights (direct or indirect) of subrogation, contribution, reimbursement, indemnification or other
rights of payment or recovery from HFRM for any payments made by HollyFrontier under this Article 14, and HollyFrontier hereby irrevocably waives and releases, absolutely and unconditionally, any such rights of subrogation, contribution,
reimbursement, indemnification and other rights of payment or recovery it may now have or hereafter acquire against HFRM during any period of default or breach of this Agreement by HFRM until such time as there is no current or ongoing default or
breach of this Agreement by HFRM. 
 14.5 Reinstatement. The obligations of HollyFrontier under this Article 14 shall continue
to be effective or shall be reinstated, as the case may be, if at any time any payment of any of the HFRM Payment Obligations is rescinded or must otherwise be returned to HFRM or any other entity, upon the insolvency, bankruptcy, arrangement,
adjustment, composition, liquidation or reorganization of HFRM or such other entity, or for any other reason, all as though such payment had not been made. 

14.6 Continuing Guaranty. This Article 14 is a continuing guaranty and shall (i) remain in full force and effect until the
first to occur of the indefeasible payment in full of all of the HFRM Payment Obligations, (ii) be binding upon HollyFrontier, its successors and assigns and (iii) inure to the benefit of and be enforceable by HEP Operating and its
respective successors, transferees and assigns. 
 14.7 No Duty to Pursue Others. It shall not be necessary for HEP Operating (and
HollyFrontier hereby waives any rights which HollyFrontier may have to require HEP Operating), in order to enforce such payment by HollyFrontier, first to (i) institute suit or exhaust its remedies against HFRM or others liable on the HFRM
Payment Obligations or any other person, (ii) enforce HEP Operating’s rights against any other guarantors of the HFRM Payment Obligations, (iii) join HFRM or any others liable on the HFRM Payment Obligations in any action seeking to
enforce this Article 14, (iv) exhaust any remedies available to HEP Operating against any security which shall ever have been given to secure the HFRM Payment Obligations, or (v) resort to any other means of obtaining payment of the HFRM
Payment Obligations. 
 ARTICLE 15 

GUARANTEE BY THE PARTNERSHIP 

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

  
 13 

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

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

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

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

(e) any absence of any notice to, or knowledge of, the Partnership, of the existence or occurrence of any of the matters or
events set forth in the foregoing subsections (i) through (iv); 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 HEP Operating Obligations or otherwise. 
 15.3 Waiver. The
Partnership hereby waives promptness, diligence, all setoffs, presentments, protests and notice of acceptance and any other notice relating to any of the HEP Operating Payment Obligations and any requirement for HFRM 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 HEP Operating, any other entity or any collateral. 

15.4 Subrogation Waiver. The Partnership agrees that for so long as there is a current or ongoing default or breach of this Agreement
by HEP Operating, the Partnership shall not have any rights (direct or indirect) of subrogation, contribution, reimbursement, indemnification or other rights of payment or recovery from HEP Operating for any payments made by the Partnership under
this Article 15, and each of 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 HEP Operating during any period of default or breach of this Agreement by HEP Operating until such time as there is no current or ongoing default or breach of this Agreement by HEP Operating. 

  
 14 

 15.5 Reinstatement. The obligations of the Partnership under this Article 15
shall continue to be effective or shall be reinstated, as the case may be, if at any time any payment of any of the HEP Operating Payment Obligations is rescinded or must otherwise be returned to HEP Operating or any other entity, upon the
insolvency, bankruptcy, arrangement, adjustment, composition, liquidation or reorganization of HEP Operating or such other entity, or for any other reason, all as though such payment had not been made. 

15.6 Continuing Guaranty. This Article 15 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 HEP Operating 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 HFRM and their respective successors, transferees and assigns. 
 15.7 No Duty to Pursue Others. It shall not be
necessary for HFRM (and the Partnership hereby waives any rights which the Partnership may have to require HFRM), in order to enforce such payment by the Partnership, first to (i) institute suit or exhaust its remedies against HEP Operating or
others liable on the HEP Operating Obligations or any other person, (ii) enforce HFRM’s rights against any other guarantors of the HEP Operating Obligations, (iii) join HEP Operating or any others liable on the HEP Operating
Obligations in any action seeking to enforce this Article 15, (iv) exhaust any remedies available to HFRM against any security which shall ever have been given to secure the HEP Operating Obligations, or (v) resort to any other means of
obtaining payment of the HEP Operating Obligations. 
 [Remainder of page intentionally left blank. Signature pages follow.]

  
 15 

 IN WITNESS WHEREOF, the undersigned Parties have executed this Agreement as of the date
first written above to be effective as of the Effective Time. 
  

			
	HEP OPERATING:
	
	Holly Energy Partners—Operating, L.P.
		
	By: 	 	/s/ Richard L. Voliva III
		 	Richard L. Voliva III
		 	Executive Vice President & Chief Financial Officer

  

			
	HFRM:
	
	HollyFrontier Refining & Marketing LLC
		
	By: 	 	/s/ Thomas G. Creery
		 	Thomas G. Creery
		 	Chief Executive Officer and President

  

[Signature Page 1 of 2 to the Fifth Amended and Restated Master Throughput Agreement] 

			
	ACKNOWLEDGED AND AGREED FOR PURPOSES OF Section 10.2 AND Article 14:
	
	HOLLYFRONTIER CORPORATION
		
	By:	 	/s/ George J. Damiris
		 	George J. Damiris
		 	Chief Executive Officer and President

  

			
	ACKNOWLEDGED AND AGREED FOR PURPOSES OF Section 10.2 AND Article 15:
	
	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
		 	Richard L. Voliva III
		 	EVP and Chief Financial Officer

  
 [Signature Page 2
of 2 to the Fifth Amended and Restated Master Throughput Agreement] 

 Exhibit A 

to 
 Fifth Amended and
Restated 
 Master Throughput Agreement 

Definitions 

“Actual Construction Costs” has the meaning set forth in Exhibit C. 

“Actual OPEX” has the meaning set forth in Exhibit L-2. 

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

“Agreement” has the meaning set forth in the preamble to this Agreement, as the same may be amended from time to time. 

“API” means the American Petroleum Institute. 

“API 653” means the Above Ground Storage Tank Inspector Program issued by the API as API Standard 653, as amended and
supplemented from time to time. 
 “API Gravity” means the API index of specific gravity of a liquid petroleum expressed as
degrees, as such index would be calculated on the date hereof. 
 “Applicable Asset” means each of the Cheyenne Assets, El
Dorado Assets, Lovington Loading Rack, Malaga Pipeline System, Roadrunner Pipeline, Tulsa Assets, El Dorado Crude Tank Farm Assets, the Tulsa West Tankage, the Catoosa Lubes Terminal, the Orla Truck Terminal, the Refined Products Pipelines, the
Refined Products Terminals and, solely with respect to Section 2.2, Section 2.14, Article 7 and Article 10 of this Agreement, the El Dorado Connector Pipeline, individually; and
“Applicable Assets” means all of the foregoing assets, collectively. 
 “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 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. 

“Applicable Tariff” means the Base Tariff and, to the extent applicable, the Incentive Tariff. 

  
 Exhibit A-1 

 “Applicable Term” has the meaning set forth in Article 7. 

“ASTM” means ASTM International. 

“Artesia Bloomfield Pipeline” means the refined products pipelines described on Exhibit
N-1 attached hereto, as such Exhibit may be amended or revised from time-to-time by mutual agreement of HFRM and HEP
Operating. 
 “Artesia Moriarty Pipeline” means the refined products pipelines described on Exhibit N-1 attached hereto, as such Exhibit may be amended or revised from time-to-time by mutual agreement of HFRM and HEP Operating.

 “Assumed OPEX” means, with respect to any Applicable Asset, the amount set forth on Exhibit C with respect to
such Applicable Asset. 
 “Barrel” means 42 Gallons. 

“Base Tariff” means the Base Tariff applicable to the quantity of Product transported, stored or loaded in connection with an
Applicable Asset as set forth on Exhibit C, as such Base Tariff may be adjusted pursuant to the terms of this Agreement. 

“bpd” means Barrels per day. 

“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. 

“Centurion Pipeline” means that certain 10” pipeline system operated by Centurion Pipeline L.P. and originating from
Centurion’s Artesia Station located within Township 18S and Range 27E, approximately 1 mile south of HEP Operating’s Abo Station. 

“Cheyenne Assets” means the Cheyenne Receiving Assets, Cheyenne Loading Rack and the Cheyenne Tankage. 

“Cheyenne Loading Rack” means the refined products truck loading rack and the two (2) propane loading spots located at
the Cheyenne Refinery and more specifically described in Exhibit I-1. 
 “Cheyenne
Receiving Assets” means the pipelines set forth on Exhibit I-2. 
 “Cheyenne
Refinery” means the refinery owned by HollyFrontier Cheyenne Refining LLC and located in Cheyenne, Wyoming. 
 “Cheyenne
RCRA Order” means the administrative order set forth in Exhibit I. 

  
 Exhibit A-2 

 “Cheyenne Tankage” means the tanks set forth on Exhibit I-3. 
 “Claim” means any existing or threatened future claim, demand, suit, action,
investigation, proceeding, governmental action or cause of action 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. 

“Closing Date” has the meaning for each Applicable Asset set forth in the Omnibus Agreement. 

“Construction Projects” has the meaning set forth in Article 2. 

“Contract Quarter” means a three-month period that commences on January 1, April 1, July 1 or October 1
and ends on March 31, June 30, September 30, or December 31, respectively. 
 “Control” (including with
correlative meaning, the term “controlled by”) means, as used with respect to any Person, the possession, direct or indirect, of the power to direct or cause the direction of the management and policies of such Person, whether through the
ownership of voting securities, by contract or otherwise. 
 “Crude Agreement” means the Third Amended and Restated Crude
Pipelines and Tankage Agreement, dated as of March 12, 2015, by and among HFRM, HEP Operating and certain other Affiliates of HFRM and HEP Operating. 

“Crude Oil” means the direct liquid product of oil wells, oil processing plants, the indirect liquid petroleum products of
oil or gas wells, oil sands or a mixture of such products, but does not include natural gas liquids, Refined Products, naphtha, gas oil, LEF (lube extraction feedstocks) or any other refined products. 

“Deficiency Notice” has the meaning set forth in Section 10.1. 

“Deficiency Payment” has the meaning set forth in Section 10.1. 

“Devon” means Devon Energy Production Company, L.P., and its Affiliates. 

“Devon Lease Connections” has the meaning set forth in Exhibit G-2. 

“DRA” has the meaning set forth in Section 2.6. 

“Effective Time” means 12:01 a.m., Dallas, Texas time, on July 1, 2019. 

“El Dorado Assets” means the El Dorado Loading Rack and the El Dorado Tankage. 

“El Dorado Connector Pipeline” means that certain crude oil pipeline connecting the El Dorado Crude Tankage to the Pony
Express Pipeline, which pipeline is owned by a Person that is not an Affiliate of either HFRM or HEP Operating. 
 “El Dorado Crude
Tank Farm Assets” means the El Dorado Delivery Lines and the El Dorado Crude Tankage. 
 “El Dorado Crude Tank Farm
Consideration Period” has the meaning set forth in Exhibit K. 

  
 Exhibit A-3 

 “El Dorado Crude Tank Farm Quality Specifications” has the meaning set
forth in Exhibit K. 
 “El Dorado Crude Tankage” means the tankage identified on Exhibit K-1. 
 “El Dorado Delivery Lines” has the meaning set forth in Exhibit K.

 “El Dorado Loading Rack” means the Refined Products truck loading rack and the propane loading rack located at the El
Dorado Refinery and more specifically described on Exhibit H-1. 
 “El Dorado Minimum
Working Capacity” has the meaning set forth in Exhibit K. 
 “El Dorado Quality Specifications” means those
specifications set forth in Exhibit K-2. 
 “El Dorado Refinery” means the
refinery owned by HollyFrontier El Dorado Refining LLC and located in El Dorado, Kansas. 
 “El Dorado Tankage” means the
tanks set forth on Exhibit H-2. 
 “El Dorado Terminal” means the tank farm
owned by HEP Operating and located in El Dorado, Kansas. 
 “Environmental Law” has the meaning set forth in the Omnibus
Agreement. 
 “Excess Tariff Threshold” has the meaning set forth in Exhibit C. 

“FERC Oil Pipeline Index” has the meaning set forth in Section 3(a)(iii)(B). 

“Final Construction Cost” means the final aggregate construction cost of a New Tank, as contemplated by Exhibit H,
Exhibit I and Exhibit J. 
 “Force Majeure” has the meaning set forth in the Omnibus Agreement. 

“Force Majeure Notice” has the meaning set forth in the Omnibus Agreement. 

“Gallon” means a United States gallon of two hundred thirty-one (231) cubic
inches of liquid at sixty degrees (60°) Fahrenheit, and at the equivalent vapor pressure of the liquid. 
 “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. 

“Heavy Products” means fuel oil, asphalt, coker feed, vacuum tower bottoms, atmospheric tower bottoms, pitch or roofing flux.

 “HEP Operating” has the meaning set forth in the Preamble. 

“HEP Operating Payment Obligations” has the meaning set forth in Section 15.1. 

“HFRM” has the meaning set forth in the Preamble. 

“HFRM Payment Obligations” has the meaning set forth in Section 14.1. 

  
 Exhibit A-4 

 “High-API Oil Surcharge” has the
meaning set forth in Section 2.4. 
 “HollyFrontier” means HollyFrontier Corporation, a Delaware
corporation. 
 “HollyFrontier Navajo” means HollyFrontier Navajo Refining LLC. 

“HollyFrontier Tulsa” means HollyFrontier Tulsa Refining LLC. 

“Incentive Tariff” means the Incentive Tariff applicable to the quantity of Product transported, stored or loaded in
connection with an Applicable Asset as set forth on Exhibit C, as such Incentive Tariff may be adjusted pursuant to the terms of this Agreement. 

“Intermediate Products” means non-finished intermediate products, including high
sulfur diesel fuel for DHT feed, jet fuel, naphtha for reformer feed, gas oil or LEF for FCC feed, reformate, light straight run, hydrogen, fuel gas and sour fuel gas. 

“Jayhawk” means Jayhawk Pipeline, L.L.C. (or its successors to the Jayhawk Tankage). 

“Jayhawk Lease” means the lease between HEP-Operating and Jayhawk for the Jayhawk
Tankage in existence as of the commencement of the Applicable Term. 
 “Jayhawk Tankage” means the tankage identified in
Exhibit K-1. 
 “Lovington Loading Rack” means that certain asphalt loading
rack located at the Navajo Refinery. 
 “LPG Products” means propane, refinery grade propylene, normal butane and
isobutane. 
 “Malaga Capacity Estimate” has the meaning set forth in Exhibit G. 

“Malaga Commencement Date” means the date on which, in the reasonable opinion of HEP Operating, the Malaga Pipeline System is
available for service and operating as expected in delivering Crude Oil, which date has been specified in written notice from HEP Operating to HFRM at least 60 days prior to the Malaga Commencement Date; provided, however, that if the Malaga
Pipeline System is, in the discretion of HEP Operating, substantially complete, then the parties may agree in writing to a commencement date prior to the Malaga Pipeline System being fully completed. 

“Malaga Construction Projects” has the meaning set forth in Exhibit G. 

“Malaga Exercise Notice” has the meaning set forth in Exhibit G. 

“Malaga Initial Period” means the period beginning on the Malaga Commencement Date through and including final day of the 20th full Contract Quarter following the Malaga Commencement Date. 
 “Malaga Pipeline
System” means the pipeline systems (a) extending from the (i) Whites City Road Station to the HEP Operating Artesia Station, from (ii) Devon Parkway field to the Millman Station and the HEP Operating Artesia Station,
(iii) HEP Operating Artesia Station to the Beeson Station, (iv) the Beeson Station to the Anderson Ranch Pipeline, (v) Devon Hackberry field to the Beeson Station, and (v) Beeson Station to the Plains Pipeline, including in each
case all related lease connection pipelines, storage facilities, crude oil gathering tanks, and truck off-loading facilities, and (b) with the volume capacities described on Exhibit G-1 (Construction Projects) and described on Exhibit G-2 (Devon Lease Connections). 

  
 Exhibit A-5 

 “MAPL Lease” means that certain Pipeline Lease Agreement, dated
March 11, 1996, as amended by the Corrected Amendment to Pipeline Lease Agreement, effective as of October 11, 2005, by and between Mid-America Pipeline Company, LLC and HEP Pipeline, L.L.C., as may
be further amended, modified or supplemented from time to time. 
 “Master Lease and Access Agreement” means that certain
Fifth Amended and Restated Master Lease and Access Agreement dated as of October 29, 2018 among certain of the Affiliates of HEP Operating and the owners of the Refineries, as the same may be amended from time to time. 

“Minimum Capacity Commitment” has the meaning set forth in Section 2.2(a). 

“Minimum Revenue Commitment” has the meaning set forth in Section 2.2(a). 

“Minimum Throughput Commitment” means the quantity of Product to be transported, stored or loaded in connection with an
Applicable Asset, as set forth on Exhibit C, as such amount may be adjusted pursuant to the terms of this Agreement. 

“MSCFD” means thousands of standard cubic feet per day. 

“MVP Pipeline” has the meaning set forth in Exhibit K. 

“Navajo Refinery” means the refinery owned by HollyFrontier Navajo and located in Artesia, New Mexico and operated in
conjunction with facilities located in Lovington, New Mexico. 
 “New Tank” means the new petroleum products storage
tankage to be added to the Applicable Assets as identified on Exhibits H and J. 
 “New Tank Commencement
Date” means, with respect to each New Tank, the first day of the calendar month after the date on which, in the reasonable opinion of HEP Operating, such New Tank is mechanically complete, available for service and operating as expected in
storing the Product for which such New Tank was designed, which date has been specified in written notice from HEP Operating to HFRM at least 30 days prior to such date. 

“Omnibus Agreement” means the Nineteenth Amended and Restated Omnibus Agreement dated October 29, 2018, as the same may
be amended from time to time. 
 “OPEX Reimbursement Amount” has the meaning set forth in Exhibit L-2. 
 “Original Master Throughput Agreement” has the meaning set forth in the
Recitals. 
 “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, as
further described in Exhibit M. 
 “Orla Commencement Date” means the date on which, in the reasonable opinion of
HEP Operating, the Orla Truck Terminal is available for service and operating as expected in delivering refined product, which date has been specified in written notice from HEP Operating to HFRM at least 60 days prior to the Orla Commencement Date;
provided, however, that if the Orla Truck Terminal is, in the discretion of HEP Operating, substantially complete, then the parties may agree in writing to a commencement date prior to the Orla Truck Terminal being fully completed.

  
 Exhibit A-6 

 “Osage Pipeline” has the meaning set forth in Exhibit K. 

“Parties” has the meaning set forth in the Preamble. 

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

“Party” has the meaning set forth in the Preamble. 

“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. 
 “Pipelines” means the
Malaga Pipeline System, Roadrunner Pipeline, the Tulsa Pipelines, the Tulsa Interconnecting Pipelines, the Refined Products Pipelines and the El Dorado Delivery Lines, and any other pipeline included in the Applicable Assets. 

“Plains Pipeline” means that certain 16” diameter pipeline operated by Plains All American Pipeline, L. P. and located
in Lea County, New Mexico and which crosses the HEP Anderson Ranch gathering system in Township 18 South, Range 32 East. 
 “Pony
Express Pipeline” has the meaning set forth in Exhibit K. 
 “Previous Amended and Restated Master Throughput
Agreement” has the meaning set forth in the Recitals. 
 “Prime Rate” means the prime rate per annum announced by
Union Bank, N.A., or if Union Bank, N.A. no longer announces a prime rate for any reason, the prime rate per annum announced by the largest U.S. bank measured by deposits from time to time as its base rate on corporate loans, automatically
fluctuating upward or downward with each announcement of such prime rate. 
 “Prior Agreements” means those agreements set
forth in Recitals A through F. For the avoidance of doubt, “Prior Agreements” do not include the following agreements (as amended, modified or supplemented and in effect from time to time): (a) Amended and Restated Intermediate Pipelines
Agreement dated June 1, 2009, (b) Tulsa Equipment and Throughput Agreement dated August 1, 2009, (c) Second Amended and Restated Refined Product Pipelines and Terminals Agreement dated effective February 22, 2016, (d) Second Amended
and Restated Throughput Agreement effective June 1, 2013, (e) Third Amended and Restated Crude Pipelines and Tankage Agreement dated March 12, 2015 and (f) Amended and Restated Unloading and Blending Services Agreement (Artesia) dated
January 18, 2017. 
 “Products” has the meaning set forth in Exhibit C. 

“Qualified Third-Party Throughput” has the meaning set forth in Exhibit C. 

“Refined Products” means gasoline, kerosene, ethanol, diesel fuel, jet fuel, heating oil, distillates, transmix, liquefied
petroleum gas, natural gas liquids and blend stocks. 
 “Refined Products Pipelines” means, collectively, (a) the
South System, (b) the Artesia Moriarty Pipeline and (c) the Artesia Bloomfield Pipeline. 

  
 Exhibit A-7 

 “Refined Products Terminals” means the terminals described on Exhibit N-2 attached hereto, as such Exhibit may be amended or revised from time-to-time by mutual agreement of HFRM and HEP Operating.

 “Refineries” means the Navajo Refinery; the El Dorado Refinery; the Cheyenne Refinery; the Tulsa East Refinery and the
Tulsa West Refinery. 
 “Roadrunner Pipeline” means that certain 16” crude oil pipeline extending approximately 65
miles from the Slaughter station to Lovington, New Mexico. 
 “Rose Rock Pipeline” has the meaning set forth in Exhibit
K. 
 “South System” means the refined products pipelines described on Exhibit
N-1 attached hereto, as such Exhibit may be amended or revised from time-to-time by mutual agreement of HFRM and HEP
Operating. 
 “Subsequent Year” has the meaning set forth in Exhibit G. 

“Subsidiary” means with respect to any Person (the “Owner”), any corporation or other Person of which
securities or other interests having the power to elect a majority of that corporation’s or other Person’s board of directors or similar governing body, or otherwise having the power to direct the business and policies of that corporation
or other Person (other than securities or other interest having such power only upon the happening of a contingency that has not occurred), are held by the Owner or one or more of its Subsidiaries. 

“Surcharge Tariff” has the meaning set forth in Exhibit C. 

“SUS” means Saybolt Universal Seconds as specified by ASTM Standard D2161-10, as
amended, supplemented or replaced from time to time. 
 “Tulsa Assets” means the Tulsa Group 1 Tankage, Tulsa Group 1
Loading Rack, Tulsa Group 1 Pipeline, Tulsa Group 2 Tankage, Tulsa Group 2 Loading Rack and the Tulsa Interconnecting Pipelines. 

“Tulsa East Refinery” means the refinery owned by HollyFrontier Tulsa and located at 905 West 25th Street, Tulsa, Oklahoma 74107. 
 “Tulsa Group 1 Purchase Agreement”
means that certain Asset Sale and Purchase Agreement dated as of October 1, 2009 by and among HollyFrontier Tulsa, HEP Tulsa LLC and Holly Energy Storage – Tulsa. 

“Tulsa Group 1 Loading Rack” means the gas oil, asphalt and propane truck loading racks located at the Tulsa West Refinery
and more specifically described in Exhibit J-1 attached hereto. 
 “Tulsa Group 1
Tankage” means the tankage identified in Exhibit J-3 attached hereto. 

“Tulsa Group 2 Purchase Agreement” means that certain LLC Interest Purchase Agreement dated as of March 31, 2010 by and
between HEP Tulsa LLC, Lea Refining Company, and HollyFrontier Tulsa. 
 “Tulsa Group 2 Tankage” means the tankage
identified in Exhibit J-5. 

  
 Exhibit A-8 

 “Tulsa Group 2 Loading Rack” means the rail loading rack located at the
Tulsa West Refinery and more specifically described in Exhibit J-4. 
 “Tulsa
Interconnecting Pipelines” means the following pipelines between the Tulsa East Refinery and the Tulsa West Refinery: 1) the 12 inch raw gas oil/diesel line (the “Distillate Interconnecting Pipeline”), 2) the 12 inch
naphtha/gasoline component line (the “Gasoline Interconnecting Pipeline”), 3) the 12 inch refinery fuel gas line (the “Refinery Fuel Gas Interconnecting Pipeline”), 4) the 8 inch hydrogen line (the “Hydrogen
Interconnecting Pipeline”), and 5) the 10 inch refinery sour fuel gas line (the “Refinery Sour Fuel Gas Interconnecting Pipeline”) including delivery facilities from the Tulsa West Refinery and receipt facilities at the
Tulsa East Refinery for the Distillate and Gasoline Interconnecting Pipelines, but not for the Refinery Fuel Gas, Hydrogen, and Refinery Sour Fuel Gas Interconnecting Pipelines. 

“Tulsa Group 1 Pipeline” means those two (2) product delivery lines extending from the Group 1 Tankage to
interconnection points with the Magellan pipeline as more specifically described in Exhibit J-2 attached hereto. 

“Tulsa Purchase Agreements” means the Tulsa Group 1 Purchase Agreement and the Tulsa Group 2 Purchase Agreement. 

“Tulsa West Refinery” means the refinery owned by HollyFrontier Tulsa located at 1700 S. Union, Tulsa, Oklahoma. 

“Tulsa West Tankage” means the tankage identified in Exhibit L-1. 

“Woods Cross Refinery” means the refinery owned and operated by HollyFrontier Woods Cross Refining LLC located at 1070 W. 500
South, West Bountiful, Utah. 
 “Working Capacity” has the meaning set forth in Exhibit K. 

  
 Exhibit A-9 

 Exhibit B 

to 
 Fifth Amended and
Restated 
 Master Throughput 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”, “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.” 

  
 Exhibit B-1 

 Exhibit C 

to 
 Fifth Amended and
Restated 
 Master Throughput Agreement 

Applicable Assets, Product, Minimum Capacity Commitment, Tariffs, Tariff Adjustments and Applicable Terms* 
  

																											
	 Applicable
Assets
	  	Type of
Applicable
Asset	  	Product	  	Minimum
Capacity
Commitment
(aggregate
capacity
unless
otherwise
noted)	 	Minimum
Throughput
Commitment
(in the
aggregate,
on average,
for each
Contract
Quarter)	 	Base Tariff
(applicable
to all
movements
below the
Incentive
Tariff
Threshold)	 	Incentive
Tariff
Threshold
(in the
aggregate,
on average,
for each
Contract
Quarter)	 	Incentive
Tariff
(applicable
to all
movements
at or above
the Incentive
Tariff
Threshold)	  	Excess
Tariff
(applicable
to all
movements
above the
Excess
Tariff
Thresholds
set forth
below, if
any)	  	Tariff
Adjustment	  	Tariff
Adjustment
Minimum/
Cap	  	Tariff
Adjustment
Commencement
Date	  	Assumed
OPEX	  	Applicable
Term
(all times are
Dallas,
TX time)
	 Malaga

Pipeline

System
	  	Pipelines	  	Crude Oil	  	40,000 bpd1	 	40,000 bpd2	 	$0.5822/bbl2	 	40,000 bpd2	 	$0.3423/bbl	  	—  	  	FERC
Adjustment	  	—  	  	July 1, 2015	  	—	  	12:01 a.m. on
June 1, 2013 to
Sept. 1, 2024 (the
“Malaga
Commencement
Date”)

  
  

	* 	 Tariffs listed on this Exhibit are effective as of July 1, 2019. 

	1 	 As may be adjusted pursuant to Exhibit G. 

	2 	 During the first five years of the Applicable Term, following the Malaga Commencement Date, HFRM shall pay HEP
Operating an extra surcharge per barrel (the “Surcharge Tariff”). The Surcharge Tariff for each Contract Quarter is equal to (Actual Construction Costs – $38,500,000)/(Minimum Pipeline Throughput x 365 x 5) where “Actual
Construction Costs” means the actual, reasonable and necessary costs, or as otherwise approved in writing by HFRM, incurred by HEP Operating to construct the Malaga Construction Projects and the Devon Lease Connections; provided, however, that
the numerator of the formula for calculating the Surcharge Tariff (Actual Construction Costs – $38,500,000) shall not exceed $13,500,000 such that the maximum value for such numerator shall be $13,500,000. At the end of each Contract Quarter
during the first five years of the Applicable Term, following the Malaga Commencement Date, HFRM shall pay HEP Operating an amount for each Contract Quarter determined by multiplying the Minimum Throughput Commitment for the Malaga Pipeline System
for such Contract Quarter, by the Surcharge Tariff. The Surcharge Tariff is in addition to the Applicable Tariff to be paid by HFRM. 

  
 Exhibit C-1

																																									
	 Applicable
Assets
	  	Type of
Applicable
Asset	  	Product	  	Minimum
Capacity
Commitment
(aggregate
capacity
unless
otherwise
noted)	  	Minimum
Throughput
Commitment
(in the
aggregate,
on average,
for each
Contract
Quarter)	  	Base Tariff
(applicable
to all
movements
below the
Incentive
Tariff
Threshold)	 	Incentive
Tariff
Threshold
(in the
aggregate,
on average,
for each
Contract
Quarter)	 	  	Incentive
Tariff
(applicable
to all
movements
at or above
the Incentive
Tariff
Threshold)	 	  	Excess
Tariff
(applicable
to all
movements
above the
Excess
Tariff
Thresholds
set forth
below, if
any)	  	Tariff
Adjustment	 	  	Tariff
Adjustment
Minimum/
Cap	 	 	Tariff
Adjustment
Commencement
Date	 	  	Assumed
OPEX	 	  	Applicable
Term (all times
are Dallas, TX
time)	 
	 El Dorado Assets
	  	Pipelines	  	Refined
 Products 

LPG
Products,
  

Intermediate
Products
  

Heavy
Products
	  	120,000 bpd
of aggregate
delivery
capacity
from the
Tankage	  	120,000 bpd
of
Intermediate
and Refined
Product	  	$0.1724/bbl	 	 

	125,000 bpd
of
Intermediate
and Refined
Product	 
 
 
 
 	  	 	$0.0106/bbl	 	  	—  	  	 
	PPI
Adjustment	 
 	  	 

	3% in any
calendar
year
(applicable
to each
individual
tariff)	 
 
 
 
 
 
 	 	 	July 1, 2012	 	  	 	—  	 	  	 

	12:01 a.m. on
Nov. 1, 2011 to
12:01 a.m. on
Oct. 31, 2026;
provided that
with respect to
the New Tank
at the El
Dorado
Refinery, the
Applicable
Term shall be
from 12:01 a.m.
on the
New
Tank
Commencement
Date for such
New Tank to
the date
occurring
fifteen (15)
years thereafter.	 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

														
		  	Tankage	  		  	140,000 bpd
of aggregate
capacity in
the Tankage	  	140,000 bpd
of Products	  	$0.5076/bbl3,4	 	 
	154,000 bpd
of Products	 
 	  	 	$0.2299/bbl	 	  	—  	  				  				 				  				  			
														
		  	Loading
Rack	  		  	20,000 bpd	  	20,000 bpd	  	$0.2873/bbl	 	 	—  	 	  	 	—  	 	  	—  	  				  				 				  				  			

  

	3 	 From and after the New Tank Commencement Date established pursuant to Exhibit H, if any, the Tankage Base Tariff
shall be increased by an amount per barrel equal to: 

                       
 Final Construction Cost                         

0.9 x 8.1928 x Minimum Tankage Throughput x 365 
  

	 	 For example, if the Final Construction Costs = $1,500,000, the per barrel increase in the Tankage Base Tariff
would be calculated as follows: $1,500,000/(0.9 x 8.1928 x 140,000 x 365) = $0.0040. 

  

	4 	 Reflects reduction in throughput fee effective January 1, 2015 as a result of the secondment arrangement at the
El Dorado refinery. Also reflects reduction in throughput fee effective January 1, 2017 as a result of the sale of tanks 243 and 244 from El Dorado Logistics LLC to HollyFrontier El Dorado Refining LLC. 

  
 Exhibit C-2

																													
	 Applicable
Assets
	  	Type of
Applicable
Asset	  	Product	  	Minimum
Capacity
Commitment
(aggregate
capacity
unless
otherwise
noted)	  	Minimum
Throughput
Commitment
(in the
aggregate,
on average,
for each
Contract
Quarter)	  	Base Tariff
(applicable
to all
movements
below the
Incentive
Tariff
Threshold)	 	Incentive
Tariff
Threshold
(in the
aggregate,
on
average,
for each
Contract
Quarter)	  	Incentive
Tariff
(applicable
to all
movements
at or above
the
Incentive
Tariff
Threshold)	  	Excess
Tariff
(applicable
to all
movements
above the
Excess
Tariff
Thresholds
set forth
below, if
any)	  	Tariff
Adjustment	  	Tariff
Adjustment
Minimum/
Cap	 	Tariff
Adjustment
Commencement
Date	  	Assumed
OPEX	  	Applicable Term
(all times are
Dallas, TX time)	 
	 Cheyenne Assets
	  	Cheyenne
Receiving
Assets	  	Crude
Oil	  	41,000 bpd	  	46,000 bpd	  	$0.3449/bbl	 	50,600 bpd	  	$0.1610/bbl	  	—  	  	PPI
Adjustment	  	3% in any
calendar
year
(applicable
to each
individual
tariff)4	 	July 1, 2012	  	—  	  	 

 

	12:01 a.m. on
Nov. 1, 2011 to
12:01 a.m. on
Oct. 31, 2026;
provided that
with respect to
(a) Cheyenne
New Tank No.
117, the
Applicable Term
shall be
from
12:01 a.m. on
December 4,
2014 to 12:01
a.m. on
December 4,
2029, and (b) any

New Tanks at the
Cheyenne
Refinery, the
Applicable Term
is 12:01 a.m. on
the New Tank
Commencement
Date for each
such New
Tank
to the date
occurring fifteen
(15) years
thereafter.
	 
 
 
 
 
 
 

 
 
 
 
 
 
 
 
 

 
 
 
 
 
 
 
 
 
 
 
 
 

														
		  	Cheyenne
Tankage	  		  	46,000 bpd	  	41,000 bpd	  	$0.4957/bbl3,5	 	45,100 bpd	  	$0.2299/bbl	  	—  	  		  		 		  		  			
														
		  	Cheyenne
Loading
Rack	  		  		  	41,000 bpd	  	$0.2873/bbl	 	None	  	—  	  	—  	  		  		 		  		  			

  

	5 	 Reflects reduction in throughput fee effective January 1, 2015 as a result of the secondment arrangement at
the Cheyenne refinery. 

  
 Exhibit C-3

																													
	 Applicable
Assets
	  	Type of
Applicable
Asset	  	Product	  	Minimum
Capacity
Commitment
(aggregate
capacity
unless
otherwise
noted)	  	Minimum
Throughput
Commitment
(in the
aggregate,
on average,
for each
Contract
Quarter)	  	Base Tariff
(applicable
to all
movements
below the
Incentive
Tariff
Threshold)	  	Incentive
Tariff
Threshold
(in the
aggregate,
on average,
for each
Contract
Quarter)	  	Incentive
Tariff
(applicable
to all
movements
at or above
the
Incentive
Tariff
Threshold)	  	Excess
Tariff
(applicable
to all
movements
above the
Excess
Tariff
Thresholds
set forth
below, if
any)	 	Tariff
Adjustment	  	Tariff
Adjustment
Minimum/
Cap	 	Tariff
Adjustment
Commencement
Date	  	Assumed
OPEX	  	Applicable Term
(all times are
Dallas, TX time)	 
	 Tulsa East Assets
	  	Tulsa
Pipelines	  	Refined
Products	  	60,000
bpd	  	60,000
bpd	  	$0.1183/bbl	  		  	—  	  	—  	 	PPI
Adjustment	  	3% in any
calendar
year
(applicable
to each
individual
tariff)	 	July 1, 2011	  	—  	  	 

	11:59 p.m. on
Mar. 31, 2010 to
12:01 a.m. on
Dec. 1, 2024	 
 
 
 
														
		  	Tulsa
 Group 1Tankage
	  	Various	  	1,362,550
bbls	  	80,000
bpd	  	$0.4201/bbl	  	Each
throughput
barrel over
the
Minimum
Throughput
Commitment
but less than
or equal to
the Excess
Tariff
Threshold	  	$0.1183/bbl	  	$0.2605/bbl
(over
120,000
bpd of
Refined
Products,
in the
aggregate
on average
for each
Contract
Quarter)	 		  		 		  		  			
														
		  	Tulsa
 Group 1Loading
Rack
	  	Various	  	26,000
bpd	  	26,000
bpd	  	$0.3551/bbl	  	—  	  	—  	  	—  	 		  		 		  		  			
														
		  	Tulsa
 Group 2Tankage
	  	Various	  	2,122,644
bbl	  	90,000
bpd	  	$0.4885/bbl	  	Each
throughput
barrel over
the
Minimum
Throughput
Commitment
but less than
or equal to
the Excess
Tariff
Threshold	  	$0.1183/bbl	  	$0.2605/bbl
(over
120,000
bpd of
Refined
Products,
in the
aggregate
on
average
for each
Contract
Quarter)	 		  		 		  		  			
														
		  	Tulsa
 Group 2Loading
Rack
	  		  	1,800 bpd	  	1,800
bpd	  	$0.4144/bbl	  	—  	  	—  	  	—  	 		  		 		  		  			

  
 Exhibit C-4

																																															
	 Applicable
Assets
	  	Type of
Applicable
Asset	 	 	Product	 	  	Minimum
Capacity
Commitment
(aggregate
capacity unless
otherwise
noted)	 	Minimum
Throughput
Commitment
(in the
aggregate, on
average, for
each Contract
Quarter)	 	Base Tariff
(applicable
to all
movements
below the
Incentive
Tariff
Threshold)	 	Incentive
Tariff
Threshold (in
the
aggregate, on
average, for
each Contract
Quarter)	 	  	Incentive
Tariff
(applicable
to all
movements
at or above
the
Incentive
Tariff
Threshold)	 	  	Excess
Tariff
(applicable
to all
movements
above the
Excess
Tariff
Thresholds
set forth
below, if
any)	 	 	Tariff
Adjustment	 	  	Tariff
Adjustment
Minimum/
Cap	 	  	Tariff
Adjustment
Commencement
Date	 	  	Assumed
OPEX	 	  	Applicable
Term (all
times are
Dallas,
TX time)	 
	         
	  	 

 	Tulsa
Interconnecting
Pipelines6	 
 
 	 				  	Distillate
Interconnecting
Pipeline –
45,000 bpd
(maximum)	 	45,000 bpd	 	$0.2405/bbl
(to 45,000
bpd in the
 aggregate, onaverage for
each
Contract
Quarter)
	 	 

	Over 45,000
bpd and less
than or equal
to 65,000 bpd	 
 
 
 	  	$	0.0804/bbl	 	  	 

	$0.0574/bbl
(over
65,000
bpd of
Refined
Products,
in the
aggregate
on
average
for each
Contract
Quarter)	 
 
 
 
 
 
 
 
 
 
 
 
 	 	 	        	 	  	 	        	 	  	 	        	 	  	 	        	 	  	 	        	 
														
		  				 				  	Gasoline
Interconnecting
Pipeline –
45,000 bpd
(maximum)	 	45,000 bpd of
Intermediate
Products
shipped
between the
Tulsa East
Refinery and
the Tulsa West
Refinery via
the
Interconnecting
Pipelines
(excluding
the
Distillate
Interconnecting
Pipeline and
the Tulsa
Pipelines	 		 				  				  				 				  				  				  				  			
														
		  				 				  	Hydrogen
Interconnecting
Pipeline –
10,000
 MSCFD ofhydrogen
(maximum)
	 	64,000
MSCFD	 	$0.0735/
MSCF/
day	 	 	—  	 	  	 	—  	 	  	 	—  	 	 				  				  				  				  			

  

	6 	 The Minimum Interconnecting Pipeline Revenue Commitment shall be an amount of revenue to HEP Operating for each
Contract Quarter determined by adding: 1) the Minimum Interconnecting Pipeline Liquid Throughput multiplied by the Interconnecting Pipeline Liquid Tariff, and 2) the Minimum Interconnecting Pipeline Gas Throughput multiplied by the Interconnecting
Pipeline Gas Tariff. 

  
 Exhibit C-5

																											
	 Applicable
Assets
	  	Type of
Applicable
Asset	  	Product	  	Minimum
Capacity
Commitment
(aggregate
capacity unless
otherwise
noted)	  	Minimum
Throughput
Commitment
(in the
aggregate,
on average,
for each
Contract
Quarter)	  	Base Tariff
(applicable
to all
movements
below the
Incentive
Tariff
Threshold)	  	Incentive
Tariff
Threshold
(in the
aggregate,
on
average,
for each
Contract
Quarter)	  	Incentive
Tariff
(applicable
to all
movements
at or above
the
Incentive
Tariff
Threshold)	  	Excess
Tariff
(applicable
to all
movements
above the
Excess
Tariff
Thresholds
set forth
below, if
any)	  	Tariff
Adjustment	  	Tariff
Adjustment
Minimum/
Cap	  	Tariff
Adjustment
Commencement
Date	  	Assumed
OPEX	  	Applicable
Term (all
times are
Dallas, TX
time)
		  		  		  	Refinery Fuel
 GasInterconnecting
Pipeline –
32,000
MSCFD of
refinery fuel
gas (maximum)
	  		  		  		  		  		  		  		  		  		  	
														
		  		  		  	Refinery Sour
Fuel Gas
Interconnecting
Pipeline –
22,000
MSCFD of
refinery sour
fuel gas
(maximum)	  		  		  		  		  		  		  		  		  		  	
														
	Lovington Assets	  	Lovington
Loading
Rack	  	Asphalt
and any
other
petroleum
or
petroleum
based or
derived
products	  	4,000 bpd	  	4,000 bpd	  	$0.4144/bbl	  		  	—	  	—	  	PPI
Adjustment4	  	3% in
any
calendar
year	  	July 1, 2011	  	—	  	11:59 p.m. on
Mar. 31,
2010 to 12:01
a.m. on Mar.
31, 2025

  
 Exhibit C-6 

																											
	 Applicable
Assets
	  	Type of
Applicable
Asset	  	Product	  	Minimum
Capacity
Commitment
(aggregate
capacity
unless
otherwise
noted)	  	Minimum
Throughput
Commitment
(in the
aggregate,
on average,
for each
Contract
Quarter)	  	Base Tariff
(applicable
to all
movements
below the
Incentive
Tariff
Threshold)	  	Incentive
Tariff
Threshold
(in the
aggregate,
on average,
for each
Contract
Quarter)	  	Incentive
Tariff
(applicable
to all
movements
at or above
the
Incentive
Tariff
Threshold)	  	Excess
Tariff
(applicable
to all
movements
above the
Excess
Tariff
Thresholds
set forth
below, if
any)	  	Tariff
Adjustment	  	Tariff
Adjustment
Minimum/
Cap	  	Tariff
Adjustment
Commencement
Date	  	Assumed
OPEX	  	Applicable
Term (all
times are
Dallas, TX
time)
	Roadrunner Assets	  	Pipelines	  	Crude Oil	  	40,000
bpd	  	40,000
bpd7	  	$0.7621/bbl	  	Each
throughput
barrel over
the
Minimum
Throughput
Commitment	  	$0.3991/bbl8	  	—	  	PPI
Adjustment	  	3% plus
1⁄2 of the
PPI
increase
in excess
of 3% for
such
calendar
year.	  	July 1, 2011	  	—	  	12:01 a.m. on
Dec. 1, 2009
to 12:01 a.m.
on Dec. 1,
2024
														
	El Dorado Crude Tankage	  	Tankage	  	Crude Oil;
Intermediate
Products	  	140,000
bpd	  	140,000
bpd	  	$0.1017/bbl	  	Each
throughput
barrel over
the
Minimum
Throughput
Commitment	  	$0.0107/bbl	  	—	  	PPI
Adjustment	  	Subject
to 1%
minimum
/ 3% cap9	  	July 1, 2016	  	—	  	12:01 a.m. on
March 6,
2015 to
12:01 a.m. on
March 6,
2025
														
	El Dorado Connector Pipeline10	  	Pipelines	  	Crude Oil;
Intermediate
Products	  	—	  	—	  	$0.0824/bbl	  	—	  	—	  	—	  	PPI
Adjustment	  	Subject
to 1%
minimum
/ 3% cap9	  	July 1, 2019	  	—	  	12:01 a.m. on
January 1,
2018 to
12:01 a.m. on
March 6,
2025.

  
  

	7 	 In the event that any third party transports Crude Oil on the Roadrunner Pipeline for ultimate delivery to
HollyFrontier or any of its Subsidiaries and such third party pays throughput fees equal to or greater than the then-current base tariff for each such barrel of Crude Oil transported on the Roadrunner Pipeline for ultimate delivery to HollyFrontier
or any of its Subsidiaries (“Qualified Third-Party Throughput”), then revenues paid to HEP Operating by such third party for such Qualified Third-Party Throughput shall be credited towards the Minimum Revenue Commitment hereunder
for the Roadrunner Pipeline. 

	8 	 If the average throughput for any Contract Quarter (including Qualified Third-Party Throughput) exceeds the
Minimum Pipeline Throughput attributable to such Contract Quarter, then for each throughput barrel in excess of the Minimum Pipeline Throughput, HFRM shall pay HEP Operating throughput fees in the amount of the Pipeline Incentive Tariff.

	9 	 For the avoidance of doubt, if the change in PPI in any year is less than one percent (1%) it will be rounded up
to one percent (1%) and if the change in PPI in any year is greater than three percent (3%) it will be rounded down to three percent (3%). 

	10 	 See the definition of “Applicable Asset” in this Agreement. 

  
 Exhibit C-7 

																											
	 Applicable
Assets
	  	Type of
Applicable
Asset	  	Product	  	Minimum
Capacity
Commitment
(aggregate
capacity
unless
otherwise
noted)	  	Minimum
Throughput
Commitment
(in the
aggregate,
on average,
for each
Contract
Quarter)	  	Base Tariff
(applicable to
all movements
below the
Incentive
Tariff
Threshold)	  	Incentive
Tariff
Threshold
(in the
aggregate,
on average,
for each
Contract
Quarter)	  	Incentive
Tariff
(applicable to
all movements
at or above the
Incentive
Tariff
Threshold)	  	Excess
Tariff
(applicable
to all
movements
above the
Excess
Tariff
Thresholds
set forth
below, if
any)	  	Tariff
Adjustment	  	Tariff
Adjustment
Minimum/
Cap	  	Tariff
Adjustment
Commencement
Date	  	Assumed
OPEX	  	Applicable
Term (all times
are Dallas, TX
time)
	Tulsa West Tankage	  	Tankage	  	Crude/
Lef	  	396,000
bpd	  	80,000
bpd	  	$0.2296/bbl	  	—  	  	—  	  	—  	  	PPI
Adjustment	  	Subject
to 1%
minimum
/ 3% cap9	  	July 1, 2017	  	$2,751,331	  	12:01 a.m. on
March 31, 2016
to 12:01 a.m. on
March 31, 2026
														
	Catoosa Lubes Terminal	  	Tankage	  	Various	  	5,754,000
gallons/
month	  	444,500
gallons/
month	  	$0.2472/gallon	  	—  	  	—  	  	—  	  	PPI
Adjustment	  	Subject
to 1%
minimum
/ 3% cap9	  	July 1, 2019	  	—  	  	12:01 a.m. on
June 1, 2018 to
12:01 a.m. on
May 31, 2028
														
	Orla Truck Terminal	  	Tankage
and Truck
Rack	  	Refined
Product	  	20,000
bpd	  	420,000
gallons/
day	  	$0.0139/gallon	  	Each
throughput
barrel over
the
Minimum
Throughput
Commitment	  	$0.0070/gallon	  	—  	  	PPI
Adjustment	  	Subject
to 1%
minimum
/ 3% cap9	  	July 1, 2019	  	—  	  	12:01 a.m. on
the Orla
Commencement
Date to the date
occurring ten
(10) years
thereafter.
														
	Refined Products Pipelines	  	South
System	  	Refined
Product	  	58,000
bpd	  	58,000
bpd	  	$1.9861/bbl	  	50,000 bpd	  	$1.2805/bbl	  	—  	  	PPI
Adjustment	  	—  	  	July 1, 2020	  	—  	  	12:01 a.m. on
July 1, 2019 to
12:01 a.m. on
July 1, 2029
														
		  	Artesia
Moriarty	  	Refined
Product	  	10,000
bpd	  	10,000
bpd	  	$1.9861/bbl	  	17,000 bpd	  	$1.2805/bbl	  	—  	  	PPI
Adjustment	  	—  	  	July 1, 2020	  	—  	  	12:01 a.m. on
July 1, 2019 to
12:01 a.m. on
July 1, 2029
														
		  	Artesia
Bloomfield	  	Refined
Product	  	3,000 bpd	  	3,000
bpd	  	$2.0563/bbl	  	—  	  	—  	  	—  	  	PPI
Adjustment	  	—  	  	July 1, 2020	  	—  	  	12:01 a.m. on
July 1, 2019 to
12:01 a.m. on
July 1, 2029

  
 Exhibit C-8 

 Applicable Tariff Adjustments 

FERC Adjustment: 
 Each Applicable Tariff shall be adjusted
on July 1 of each index year during the Applicable Term by an amount equal to the percentage change, if any, between the two (2) immediately preceding index years, in the Federal Energy Regulation Commission Oil Pipeline Index (the
“FERC Oil Pipeline Index”); provided, however, that if the percentage change, if any, between the two (2) immediately preceding index years in the FERC Oil Pipeline Index is negative, then there will be no change
to the Applicable Tariffs.  
 PPI Adjustment: 

Each Applicable Tariff shall be adjusted on July 1 of each calendar year by an amount equal to the upper change in the annual change rounded to four
decimal places of the Producers Price Index-Commodities-Finished Goods, (PPI), et al. (“PPI”), 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/. 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 change is negative in a given year then there will be no change in the tariff unless the tariff is
subject to a minimum increase as defined elsewhere in Exhibit C. 
 Index no longer Published 

If the either index is no longer published, the Parties shall negotiate in good faith to agree on a new index (as applicable) 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 tariffs. 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 tariffs. 

  
 Exhibit C-9 

 Exhibit D 

to 
 Fifth Amended and
Restated 
 Master Throughput Agreement 

Measurement of Shipped Volumes 
  

					
	 Applicable Asset
	  	 Type of Applicable Asset
	  	 Measurement of Volumes

	Malaga Pipeline System	  	Pipelines	  	 Quantities shipped on the Malaga Pipeline System shall be determined by measuring unique barrels of Crude Oil (either by counting barrels or
calculating barrels based on available meter data) shipped on the following origin and destination pairings:
  

Whites City Road Station to HEP Artesia Station

Whites City Road Station to Beeson Station

Whites City Road Station to Plains Pipeline Bisti Connection

HEP Artesia Station to Beeson Station

HEP Artesia Station to Plains Pipeline Bisti Connection

Beeson Station to Plains Pipeline Bisti Connection
  

The origin and destination pairings listed above utilize the following segments of the Pipeline System:

 
 Whites City Road Station to HEP Artesia Station (8-inch)
 HEP Artesia Station to Beeson Station (8-inch)

Beeson Station to Plains Pipeline Bisti Connection (12-inch)

 
 Shipments on any other segments of the Malaga Pipeline System will be charged the
then-current tariff and fees under the Crude Agreement.
  
 For the avoidance of doubt,
a barrel shipped on multiple segments of the Malaga Pipeline System shall only be counted as one barrel in satisfaction of the Minimum Throughput Commitment and shall not count as a separate barrel on each such segment. For example, a barrel shipped
from Whites City Road Station to the Plains Pipeline Bisti Connection shall count as one barrel in satisfaction of the Minimum Throughput Commitment, and not as three barrels since it flows on three segments of the Malaga Pipeline
System.

			
	 El Dorado
 Assets
	  	Pipelines	  	Pipeline delivery throughput shall be determined by the shipments of Products by pipeline (and not over the Loading Racks) from the El Dorado Refinery.
			
		  	Tankage	  	Tankage throughput shall be determined by the sum of Products shipped from the El Dorado Refinery but not including shipments of coke and sulfur. For the avoidance of doubt, no Tankage throughput fees shall be paid for movements of
Products within the El Dorado Refinery.
			
		  	Loading Rack	  	The Loading Rack Tariff will be paid for all quantities of Products or other materials loaded at the Loading Racks or the asphalt loading rack and any Products or other materials shipped using the weight scales.
			
	Cheyenne Assets	  	Cheyenne Receiving Assets	  	Crude Oil throughput shall be determined by the total shipments of Crude Oil by pipeline, truck and rail received at the Cheyenne Refinery.
		  	  
 Cheyenne Tankage
	  	  
 Tankage throughput shall be determined by the sum of Products shipped
by the Refinery but not including shipments of coke and sulfur. For the avoidance of doubt, no Tankage throughput fees shall be paid for movements of Products within the Cheyenne Refinery.

		  	  
 Cheyenne Loading Rack
	  	  
 The Applicable Tariff for the Loading Rack will be paid for
(A) all quantities of Products shipped out of the Cheyenne Refinery by pipeline or asphalt loading racks, and (B) all quantities of Products, Crude Oil and any other materials (such as coke and sulfur) loaded at the Loading Racks or the
weight scales.

  
 Exhibit D-1 

					
	 Applicable Asset
	  	 Type of Applicable Asset
	  	 Measurement of Volumes

	Tulsa East Assets	  	Pipelines	  	Pipeline throughput will be determined by the quantities of Refined Product shipped on the Tulsa Pipelines.
		  	  
 Group 1 Tankage
	  	  
 Group 1 Tankage throughput shall be determined by the sum of Refined
Products shipped on the Pipelines and loaded at the Group 1 Loading Rack. Any streams moved internally within the Tulsa East Refinery will not be included in determining the volumes for any Minimum Revenue Commitment for the Group 1 Tankage.11

		  	  
 Group 1 Loading Rack
	  	  
 The Group 1 Loading Rack Tariff will be paid for all quantities of
Products loaded at the Group 1 Loading Rack.

		  	  
 Group 2 Tankage
	  	  
 Group 2 Tankage throughput shall be determined by the sum of pipeline
and truck quantities of Crude Oil and Intermediate Products received at the Tulsa East Refinery, including Crude Oil and Intermediate Products received at the Tulsa East Refinery from the Tulsa West Refinery. Any streams moved internally within the
Tulsa East Refinery will not be included in determining the volumes for any Minimum Revenue Commitment for the Group 2 Tankage. Any Refined Products received from the Tulsa West Refinery or moved out of the Tulsa East Refinery will not be included
in determining the volumes for the Minimum Revenue Commitment for the Group 2 Tankage.1

		  	  
 Group 2 Loading Rack
	  	  
 The Group 2 Loading Rack Tariff will be paid for all quantities of
Products loaded at the Group 2 Loading Rack.

		  	  
 Interconnecting Pipelines
	  	  
 The Interconnecting Pipeline Gas Throughput shall be determined by the
sum of pipeline quantities of Intermediate Products shipped between the Tulsa East Refinery and the Tulsa West Refinery via the Hydrogen Interconnecting Pipeline, Refinery Fuel Gas Interconnecting Pipeline, and Refinery Sour Fuel Gas Interconnecting
Pipeline.
  
 The Interconnecting Pipeline Liquid Throughput shall be determined by the
sum of pipeline quantities of Intermediate Products shipped between the Tulsa East Refinery and the Tulsa West Refinery via the Gasoline Interconnecting Pipeline and Distillate Interconnecting Pipeline.

			
	Lovington Assets	  	Loading Rack	  	The Loading Rack Tariff will be paid for all quantities of Products loaded at the Lovington Loading Rack.
			
	Roadrunner Assets	  	N/A	  	N/A
			
	El Dorado Crude Tankage	  	Tankage	  	El Dorado Tankage throughput shall be determined by the sum of the pipeline quantities of Product received at the El Dorado Crude Tankage, based on custody transfer meters. For avoidance of doubt, no throughput fees shall be paid
for movements of Products among the El Dorado Crude Tankage.
			
	El Dorado Connector Pipeline12	  	Pipelines	  	El Dorado Connector Pipeline throughput shall be determined by the sum of the pipeline quantities of Product shipped from the Pony Express Pipeline to the El Dorado Crude Tankage via the El Dorado Connector Pipeline, based on
measurement tickets from the meter owned by the Pony Express Pipeline and located upstream of the custody transfer flange.
			
	Tulsa West Tankage	  	Tankage	  	Tulsa West Tankage throughput shall be determined by barrels of crude/lef deliveries at the following meters at the Tulsa West Refinery: #1387, #175, #176, #177, #178, #179, #180, #334, #1373 and #809.
			
	Catoosa Lubes Terminal	  	Tankage	  	Catoosa Lubes Terminal throughput shall be determined by the sum of the products received by rail or truck at the Catoosa Lubes Terminal.

  
  

	11 	 For the avoidance of doubt, any high sulfur diesel fuel that HFRM may transport from the Tulsa West Refinery
through the Group 1 Tankage or Group 2 Tankage for processing in the Tulsa East Refinery’s distillate hydrotreater shall be subject to the Group 2 Tankage Applicable Tariffs, and the resulting ultra low sulfur diesel fuel produced from the high
sulfur diesel fuel and then shipped from the Tulsa East Refinery via either the Tulsa Pipelines or the loading rack located at the Tulsa East Refinery shall be subject to the applicable Group 1 Tankage Applicable Tariffs. 

	12 	 See the definition of “Applicable Asset” in this Agreement. 

  
 Exhibit D-2 

					
	 Applicable Asset
	  	 Type of Applicable Asset
	  	 Measurement of Volumes

	Orla Truck Terminal	  	Tankage	  	Orla Truck Terminal throughput shall be determined by the sum of the pipeline quantities of Product received at the Orla Truck Terminal, based on custody transfer meters.
			
	Refined Products Pipelines	  	Pipelines	  	Pipeline throughput will be determined by the quantities of Refined Product shipped on the Refined Products Pipelines.
			
	Refined Products Terminals	  	Tankage and Truck Racks	  	Refined Products Terminals throughput shall be determined by the sum of the pipeline quantities of Refined Product received at each Refined Products Terminal, based on custody transfer meters, plus the sum of the volumes of ethanol
and biodiesel received at the Refined Products Terminals by rail or truck.

  
 Exhibit D-3 

 Exhibit E 

to 
 Fifth Amended and
Restated 
 Master Throughput Agreement 

Volumetric Gains; Losses; Line Fill; High-API Oil Surcharge 

 

							
	 Applicable Assets
	  	 Volumetric Gains and Losses
	  	 Line Fill
	  	 High-API Oil
Surcharge

	Malaga Pipeline System	  	HFRM shall, during the Applicable Term, (i) absorb all volumetric gains in the Malaga Pipeline System, and (ii) be responsible for all volumetric losses in the Malaga Pipeline System up to a maximum of 0.5%. HEP Operating
shall be responsible for all volumetric losses in excess of 0.5% in the Malaga Pipeline System during the Applicable Term. Volumetric gains and losses shall be calculated and measured in a manner consistent with how and when gains and losses are
calculated in the Crude Agreement.	  	HFRM shall be responsible for line fill by pipeline segment in accordance with HEP Operating’s policies for each segment as published on the Partnership’s website from time to time.	  	In the event HFRM desires to ship Crude Oil on the Malaga Pipeline System with an API Gravity in excess of 50 degrees, HEP Operating may, in its sole discretion, (i) refuse to ship such Crude Oil, or (ii) ship such Crude
Oil and charge HFRM a surcharge (the “High-API Oil Surcharge”) equal to the increased expenses (or lower revenues) or capital costs, as a direct result thereof, as agreed upon by the Parties.
If the Parties are unable to agree upon the High-API Oil Surcharge, the High-API Oil Surcharge will be determined pursuant to the dispute resolution provisions of the
Omnibus Agreement. Any amounts paid by HFRM as a High-API Oil Surcharge shall not count toward satisfaction of any Minimum Revenue Commitment.
				
	El Dorado Assets	  	—	  	—	  	—
				
	Cheyenne Assets	  	HFRM shall, during the Applicable Term, (i) absorb all volumetric gains in the Cheyenne Receiving Assets, and (ii) be responsible for all volumetric losses in the Cheyenne Receiving Assets up to a maximum of 0.5%. HEP
Operating shall, during the Applicable Term, be responsible for all volumetric losses in excess of 0.5% in the Cheyenne Receiving Assets. Gains and losses will be calculated for each Contract Quarter and offset against each other.	  	—	  	—

  
 Exhibit E-1 

							
	 Applicable Assets
	  	 Volumetric Gains and Losses
	  	 Line Fill
	  	 High-API Oil
Surcharge

	Tulsa East Assets	  	HFRM shall, during the Applicable Term, (i) absorb all volumetric gains in the Tulsa Pipelines, and (ii) be responsible for all volumetric losses in the Tulsa Pipelines up to a maximum of 0.5%. HEP Tulsa shall, during the
Applicable Term, be responsible for all volumetric losses in excess of 0.5% in the Tulsa Pipelines. Gains and losses will be calculated for each Contract Quarter and offset against each other.	  	—	  	—
				
	Lovington Assets	  	—	  	—	  	—
				
	Roadrunner Assets	  	HFRM shall, during the Applicable Term, (i) absorb all volumetric gains in the Roadrunner Pipeline, and (ii) be responsible for all volumetric losses in the Roadrunner Pipeline up to a maximum of 0.5%. HEP Operating shall,
during the Applicable Term, be responsible for all volumetric losses in excess of 0.5% in the Roadrunner Pipeline. Gains and losses will be calculated for each Contract Quarter and offset against each other.	  	—	  	—
				
	El Dorado Crude Tank Farm Assets	  	—	  	—	  	—
				
	Tulsa West Tankage	  	—	  	—	  	—
				
	Catoosa Lubes Terminal	  	—	  	—	  	—
				
	Orla Truck Terminal	  	—	  	—	  	—
				
	Refined Products Pipelines	  	As set forth in the tariffs listed on Exhibit N-1.	  	—	  	—
				
	Refined Products Terminals	  	HFRM shall, during the Applicable Term, (i) absorb all volumetric gains in the Refined Products Terminals and (ii) be responsible for all volumetric losses in the Refined Products Terminals up to a maximum of 0.25%. HEP
Operating shall, during the Applicable Term, be responsible for all volumetric losses in excess of 0.25%. Gains and losses will be calculated annually on October 1 of each year for the prior October 1 to September 30 period on a
terminal by terminal basis and offset against each other.	  	—	  	—

  
 Exhibit E-2 

 Exhibit F 

to 
 Fifth Amended and
Restated 
 Master Throughput Agreement 

Increases in Tariff Rates as a Result of Changes in Applicable Law 

 

					
	 Applicable Assets
	  	 Types of Tariffs that may be increased (as applicable)
	  	 Threshold

	Malaga Pipeline System	  	 Pipeline Base Tariff
 Pipeline Incentive
Tariff
	  	None
			
	El Dorado Assets	  	 Pipeline Base Tariff
 Tankage Base Tariff

Loading Rack Base Tariff
	  	 No Base Tariff may be amended until HEP Operating has made capital expenditures of $1,000,000 in the aggregate with respect to the El Dorado
Assets in order to comply with new Applicable Laws.
  
 Thereafter, HEP Operating may
amend the applicable Base Tariff to recover its full cost of complying with the new Applicable Laws and such recovery shall not be limited to amounts in excess of $1,000,000.

			
	Cheyenne Assets	  	 Cheyenne Receiving Assets Base Tariff
 Cheyenne
Tankage Base Tariff
 Cheyenne Loading Rack Base Tariff
	  	 No Base Tariff may be amended until HEP Operating has made capital expenditures of $1,000,000 in the aggregate with respect to the Cheyenne
Assets in order to comply with new Applicable Laws.
  
 Thereafter, HEP Operating may
amend the applicable Base Tariff to recover its full cost of complying with such new Applicable Laws and such recovery shall not be limited to amounts in excess of $1,000,000.

			
	Tulsa East Assets	  	 Tulsa Pipelines Base Tariff
 Tulsa Group 1
Tankage Base Tariff
 Tulsa Group 1 Loading Rack Tariff
 Tulsa
Group 2 Tankage Base Tariff
 Tulsa Group 2 Loading Rack Tariff
	  	Base Tariff may not be amended until HEP Operating has made capital expenditures of $2,000,000 in the aggregate with respect to the Applicable Assets (excluding the Interconnecting Pipelines) in order to comply with new Applicable
Laws.
			
		  	Tulsa Interconnecting Pipeline Base Tariff	  	Base Tariff may not be amended until HEP Operating has made capital expenditures of $1,000,000 in the aggregate with respect to the Interconnecting Pipelines in order to comply with new Applicable Laws.

  
 Exhibit F-1 

					
	 Applicable Assets

	Lovington Assets	  	Base Tariff	  	Base Tariff may not be amended until HEP Operating has made capital expenditures of $500,000 in the aggregate with respect to the Lovington Loading Rack in order to comply with new Applicable Laws.
			
	Roadrunner Assets	  	Pipeline Base Tariff	  	Base Tariff may not be amended until HEP Operating has made capital expenditures of $1,000,000 in the aggregate with respect to the Roadrunner Pipeline in order to comply with new Applicable Laws.
			
	El Dorado Crude Tank Farm Assets	  	Base Tariff	  	 No Base Tariff may be amended until HEP Operating has made capital expenditures of $1,000,000 in the aggregate with respect to the El Dorado
Crude Tank Farm Assets in order to comply with new Applicable Laws.
  
 Thereafter, HEP
Operating may amend the applicable Base Tariff to recover its full cost of complying with the new Applicable Laws and such recovery shall not be limited to amounts in excess of $1,000,000.

			
	Tulsa West Tankage	  	Base Tariff	  	 No Base Tariff may be amended until HEP Operating has made capital expenditures of $2,000,000 in the aggregate with respect to the Tulsa West
Tankage in order to comply with new Applicable Laws.
  
 Thereafter, HEP Operating may
amend the Base Tariff to recover its full cost of complying with the new Applicable Laws and such recovery shall not be limited to amounts in excess of $2,000,000.

			
	Catoosa Lubes Terminal	  	Base Tariff	  	 No Base Tariff may be amended until HEP Operating has made capital expenditures of $1,000,000 in the aggregate with respect to the Catoosa
Lubes Terminal in order to comply with new Applicable Laws.
  
 Thereafter, HEP
Operating may amend the applicable Base Tariff to recover its full cost of complying with the new Applicable Laws and such recovery shall not be limited to amounts in excess of $1,000,000.

			
	Orla Truck Terminal	  	Base Tariff	  	 No Base Tariff may be amended until HEP Operating has made capital expenditures of $1,000,000 in the aggregate with respect to the Orla Truck
Terminal in order to comply with new Applicable Laws.
  
 Thereafter, HEP Operating may
amend the applicable Base Tariff to recover its full cost of complying with the new Applicable Laws and such recovery shall not be limited to amounts in excess of $1,000,000.

  
 Exhibit F-2 

					
	 Applicable Assets

	Refined Products Pipelines	  	Base Tariff	  	 No Base Tariff may be amended until HEP Operating has made capital expenditures of $5,000,000 in the aggregate with respect to the Refined
Products Pipelines in order to comply with new Applicable Laws.
  
 Thereafter, HEP
Operating may file new tariff rates to amend the applicable Base Tariff to recover the cost of complying (including a reasonable return) with the new Applicable Laws and such recovery shall not be limited to amounts in excess of
$5,000,000.

			
	Refined Products Terminals	  	Terminalling Fees	  	 No fees on Exhibit N-2 may be amended until HEP Operating has made capital expenditures of
$5,000,000 in the aggregate with respect to the Refined Products Terminals in order to comply with new Applicable Laws.
  

Thereafter, HEP Operating may amend the applicable fees to recover HFRM’s pro rata share of the cost of complying with the new Applicable Laws and such
recovery shall not be limited to amounts in excess of $5,000,000.

  
 Exhibit F-3 

 Exhibit G 

to 
 Fifth Amended and
Restated 
 Master Throughput Agreement 

Special Provisions: Malaga Pipeline System 

1. Construction Projects. HEP Operating has (i) completed the construction projects set forth on
Exhibit G-1 and (ii) built the 25 lease connections listed on Exhibit G-2 (the “Devon Lease Connections” and, together with the
construction projects set forth on Exhibit G-1, the “Malaga Construction Projects”). With respect to Item 4 listed on Exhibit G-1, HFRM
reimbursed HEP Operating 100% of the actual costs and expenses of those Malaga Construction Projects. HEP Operating bore the costs of constructing all of the other Malaga Construction Projects listed on Exhibit
G-1 and Exhibit G-2, other than Item 4 on Exhibit G-2. 

2. Option to Increase Minimum Capacity Commitment Following the Malaga Initial Period. At the end of the Malaga Initial Period and once-a-year thereafter during the Applicable Term, HFRM shall have the option to increase (but not decrease) the Minimum Capacity Commitment for the Malaga Pipeline System
applicable to the remainder of the Applicable Term, which option may be exercised as follows: 
 2.1 Malaga Capacity
Estimate. HFRM may initiate the process by which it will exercise its option by delivering to HEP Operating a written request for a statement of HEP Operating’s good faith estimate of the total uncommitted pipeline capacity for the Malaga
Pipeline System that will be available for the remaining Applicable Term (a “Malaga Capacity Estimate”), which request must be made, (i) in the case of the election available at the end of the Malaga Initial Applicable Period,
no later than the one hundred twentieth (120th) day before the end of the Malaga Initial Period, and (ii) in the case of the election available at the end of each twelve
(12) month period following the end of the Malaga Initial Period (each a “Subsequent Year”), the one-hundred twentieth (120) day before the end of such Subsequent Year. 

2.2 Response to Request for Malaga Capacity Estimate. HEP Operating must respond to each request with a written Malaga
Capacity Estimate within ten (10) days of HEP Operating’s receipt of such request. 
 2.3 Malaga Exercise
Notice. To exercise its option, HFRM must provide HEP Operating a written notice of exercise (an “Malaga Exercise Notice”) no later than ninety (90) days prior to the end of the Malaga Initial Period or Subsequent Year (as
applicable), which Malaga Exercise Notice must contain the amount (stated in bpd) by which HFRM desires to increase the Minimum Capacity Commitment for the Malaga Pipeline System for the next occurring Subsequent Year and the remainder of the
Applicable Term. The amount of increase for which HFRM may exercise this option may not exceed the available uncommitted pipeline capacity for the Malaga Pipeline System as stated in the Malaga Capacity Estimate. If no written Malaga Exercise Notice
is received by such ninetieth (90th) day, then HFRM will be deemed to have waived its option, though such waiver shall not preclude HFRM from exercising its option in Subsequent Years according
the process set forth in this Section 2. 

  
 Exhibit G-1 

 2.4 Increase in Minimum Capacity Commitment and Minimum Throughput
Commitment. If HFRM timely exercises its option at the end of the Malaga Initial Period or a Subsequent Year in accordance with this Section 2, then, with respect to the next Subsequent Year and the remainder of the
Applicable Term thereafter: 
 (a) the Minimum Capacity Commitment for the Malaga Pipeline System shall be increased by the
amount specified in the Malaga Exercise Notice; and 
 (b) the Minimum Throughput Commitment shall be increased by an amount
equal to the increase in the Minimum Capacity Commitment for the Malaga Pipeline System. 
 For example, if HFRM exercises its option at the
end of the Malaga Initial Period to increase the Minimum Capacity Commitment for the Malaga Pipeline System from 40,000 bpd to 50,000 bpd (a 25% increase), then the Minimum Throughput Commitment shall be increased to equal 50,000 bpd (a 25%
increase). This will have the effect of increasing the Minimum Pipeline Revenue Commitment by the operation of Section 2.2(a) of the Agreement. 

3. Third Party Shipping. During the Malaga Initial Period, HFRM shall have the exclusive right to utilize the entire capacity of the
Malaga Pipeline System. After the end of the Malaga Initial Period, if HEP Operating contracts with third parties to ship Crude Oil on the Malaga Pipeline System thereafter during the Applicable Term, subject to the terms of this Agreement, then HEP
Operating may not charge any such third party transportation services fees, throughput fees, or other fees that are equal to or less on a per barrel basis (taking into account all applicable incentive tariffs and surcharges) than those charged to
HFRM under this Agreement unless such third party agrees to minimum volume and revenue commitments equal to or in excess of those to which HFRM is subject hereunder. In the event that a third party with whom HEP has contracted agrees to minimum
volume and revenue commitments that are equal to those to which HFRM is subject hereunder, and the transportation services fees, throughput fees, or other fees are less on a per barrel basis (taking into account all applicable incentive tariffs and
surcharges) than those charged to HFRM under this Agreement, then the tariff rates charged to HFRM under this Agreement shall be automatically reduced to be equal to such third party tariff rates. 

4. Storage. In addition, following the Malaga Commencement Date, HEP Operating agrees, for no additional fees, to provide storage
services of up to 70,000 barrels with regard to Crude Oil shipped using the Malaga Pipeline System (30,000 barrels at the Whites City Road Station and 40,000 barrels at the Beeson Station) and provide limited
in-tank Crude Oil blending services when operationally feasible at the HEP Operating Artesia Station to the specifications of HFRM, as such specifications may be adjusted from time to time. 

5. Additional Applicable Tariff. The Parties hereby acknowledge that the Applicable Tariffs are in addition to tariffs applicable to
volumes shipped on the Devon Lease Connections pursuant to the Crude Agreement. 

  
 Exhibit G-2 

 Exhibit G-1 

to 
 Fifth Amended and
Restated 
 Master Throughput Agreement 

Construction Projects 
  

	1.	 Whites City Road Station 

 

	 	a.	 Built station at the intersection of the idle 8” pipe and Whites City County Road (coordinates _32.064421
Lat _104.135759_ Long). This station includes 30,000 barrels of tankage for crude to be injected into the 8” headed north. The amount of property to be leased or purchased will be sufficient to install up to 5 crude truck off-loading LACTS and their associated tanks. 

  

	2.	 HEP Artesia Station 

  

	 	a.	 Reactivated 8” Malaga Pipeline from the Whites City Road Station to the existing 30,000 barrel tank at HEP
Artesia Station. 

  

	 	b.	 Built connecting 8” line between the reactivated 8” Malaga Pipeline and HEP Artesia Station for
receipts of sweet crude originating from the Whites City Road Station. 

  

	 	c.	 Tie-in Millman Station and Devon Parkway sweet crude deliveries into
the HEP Artesia Station 30,000 barrel tank, i.e., Devon Parkway barrels connected into and delivered to the Artesia Station tank. 

  

	 	d.	 Sweet crude oil deliveries out of HEP Artesia Station tank connected for delivery to Abo station.

  

	 	e.	 Built 6” connecting pipeline approximately 6 miles to receive sweet barrels from the Devon Parkway into
existing Millman System. 

  

	 	f.	 Build additional truck off loading facility at HEP Artesia Station. 

 

	 	g.	 Built 8” 11-mile pipeline from HEP Artesia Station to Beeson
Station. 

  

	3.	 HEP Beeson Station and Bisti Delivery 

 

	 	a.	 Built approximately 40,000 barrels of tankage at Beeson Station to receive sweet crude. 

 

	 	b.	 Built 6” pipeline (approximately 12 miles) to receive sweet barrels from the Devon Hackberry field.

  

	 	c.	 Built connection from Anderson Ranch gathering system to the Devon Hackberry to Beeson Station connecting
pipeline. This connection will be made to deliver sweet barrels through the Anderson Ranch pipe and deliver into the tank at the Beeson Station. 

  
 Exhibit G-1-1 

	 	d.	 Installed pumping capacity necessary for delivery into Plains Pipeline at Bisti (to deliver at a rate of up to
80,000 bpd). 

  

	 	e.	 Built 12” 12-mile pipeline from Beeson Station to Plains Pipeline
System connection at Bisti. 

  

	4.	 Built NM sweet truck off-loading station at Whites City Road Station.*

  

	*	 HEP Operating was reimbursed by HFRM for the costs of managing and constructing (4). HEP Operating will at all
times be the owner of (4), including during the period of construction. 

  
 Exhibit G-1-2 

 Exhibit G-2 

to 
 Fifth Amended and
Restated 
 Master Throughput Agreement 

Devon Lease Connections 
  

							
	 Battery Name
	  	Field Name	  	 Location
	  	Status
	 Diamond
	  	Parkway	  	32.6519528 N 104.0701295 W	  	Producing
	 Emerald
	  	Parkway	  	32.6525348 N 104.1045269 W	  	Producing
	 Beryl
	  	Parkway	  	32.6109502 N 104.0829194 W	  	Producing
	 Onyx
	  	Parkway	  	32.638176 N 104.093915 W	  	Producing
	 Coral
	  	Parkway	  	32.6253952 N 104.0745216 W	  	Producing
	 Turquoise
	  	Parkway	  	32.6365513 N 104.0701851 W	  	Producing
	 Agate
	  	Parkway	  	32.6520074 N 104.0873003 W	  	Producing
	 Jasper
	  	Parkway	  	32.623619 N 104.090791 W	  	Producing
	 Beetle Juice 19 Fed #1H
	  	Hackberry	  	32° 39’ 7.41” N 103° 54’ 4.05” W	  	Producing
	 Beetle Juice 19 Fed #3H
	  	Hackberry	  	32° 39’ 9.054” N 103° 54’ 43.471” W	  	Producing
	 Capella 14 Fed #1H
	  	Hackberry	  	32° 40’ 0.638” N 103° 50’ 4.152” W	  	Producing
	 Strawberry 7 Fed #2
	  	Hackberry	  	32° 40’ 43” N 103° 54’ 20.8” W	  	Producing
	 Strawberry 7 Fed #4
	  	Hackberry	  	32° 40’ 6.93” N 103° 54’ 4.28” W	  	Producing
	 Sirius 17 Fed #1H
	  	Hackberry	  	32° 39’ 59.165” N 103° 54’ 2.605” W	  	Producing
	 Sirius 17 Fed #2H
	  	Hackberry	  	32° 39’ 47.98” N 103° 53’ 2.44” W	  	Producing
	 Sirius 17 Fed #3H
	  	Hackberry	  	32° 39’ 30.98” N 103° 53’ 56.18” W	  	Producing
	 Arcturus 18 Fed #1H
	  	Hackberry	  	32° 39’ 59.66“N 103° 54’ 2.607” W	  	Producing
	 Arcturus 18 Fed #3H
	  	Hackberry	  	32° 39’ 23.058” 103° 54’ 57.028” W	  	Producing
	 Rigel 20 Fed Com #1H
	  	Hackberry	  	32° 39’ 7.185” N 103° 53’ 56.214” W	  	Producing
	 Rigel 20 Fed Com #3H
	  	Hackberry	  	32° 38’ 36.881” N 103° 53’ 56.099” W	  	Producing
	 Regulus 26 Fed #1
	  	Hackberry	  	32° 63’ 76.832” N 103° 83’ 24.245” W	  	Producing
	 Spica 25 Fed #1
	  	Hackberry	  	32° 63’ 76.834” N 103° 83’ 22.620” W	  	Producing
	 Vega 29 Fed Com #1
	  	Hackberry	  	32° 63’ 77.726” N 103° 88’ 57.377” W	  	Producing
	 Serene Sisters 25 Fed #1H
	  	Hackberry	  	32° 43’ 31.099” N 103° 49’ 3.506” W	  	Producing
	 Serene Sisters 25 Fed #3H
	  	Hackberry	  	32° 42’ 42.721” N 103° 49’ 32.488” W	  	Producing

  
 Exhibit G-2-1 

 Exhibit H 

to 
 Fifth Amended and
Restated 
 Master Throughput Agreement 

Special Provisions: El Dorado Assets 

1. Change of Service. Subject to (i) any Applicable Law and (ii) technical specifications of the El Dorado Tankage, HFRM may
request that HEP Operating change the service of any of the El Dorado Tankage from storage of one Product to storage of a different Product. If HEP Operating agrees to such request, HFRM shall indemnify and hold HEP Operating harmless from and
against all costs and expenses associated with any such changing of service including costs of complying with any Applicable Law affecting such change of service. 

2. Construction of New Tank. HEP Operating shall, or shall cause its Affiliate to, use its commercially reasonable efforts to construct
a New Tank at the El Dorado Refinery in accordance with the specifications set forth on Exhibit H-3. If HEP Operating or its Affiliate should fail to complete the New Tank or if the New Tank
Commencement Date does not occur for the New Tank for a reason related to the fault of HEP Operating or its Affiliate or a matter that is within or under the control of HEP Operating or its Affiliate, HEP Operating shall bear all costs, liabilities
and expenses with respect to such incomplete New Tank, and if HEP Operating or its Affiliate should fail to complete the New Tank or if the New Tank Commencement Date does not occur for the New Tank for any other reason, HFRM shall reimburse HEP
Operating or its Affiliate for all costs, liabilities and expenses incurred by HEP Operating or its Affiliate with respect to such incomplete New Tank. Promptly following the New Tank Commencement Date, HEP Operating will deliver a written
certification to HFRM certifying the Final Construction Cost for the New Tank. Additionally, promptly following the New Tank Commencement Date, the Parties shall execute an amended Exhibit H-2
reflecting the addition of the New Tank and attach it to this Agreement. Such amended Exhibit H-2 shall be numbered Exhibit H-2.1, dated and appended as an
additional schedule to this Agreement and shall replace the prior version of Exhibit H-2 in its entirety after its date of effectiveness. 

  
 Exhibit H-1

 Exhibit H-1 

to 
 Fifth Amended and
Restated 
 Master Throughput Agreement 

El Dorado Loading Rack 

The Refined Products Truck Loading Rack and the Propane Truck Loading Rack transferred to El Dorado Logistics pursuant to that certain
Conveyance, Assignment and Bill of Sale (El Dorado), dated effective as of October 25, 2011, by and between Frontier El Dorado and El Dorado Logistics. 

  
 Exhibit H-1-1 

 Exhibit H-2 

to 
 Fifth Amended and
Restated 
 Master Throughput Agreement 

El Dorado Tankage 
  

					
	 TANK ID NUMBER
	 	 CURRENT SERVICE/PRODUCT
	  	NOMINAL CAPACITY, BBLS
	1	 		  	DEMO
	2	 		  	DEMO
	3	 	ULSD	  	40,425
	15	 	ULSD	  	12,422
	16	 	Light Slop	  	28,880
	17	 	Gasoline	  	92,740
	18	 	Gasoline	  	88,600
	19	 	Gasoline	  	90,733
	20	 	Finish Gasoline	  	17,961
	21	 	ULSD	  	120,639
	23	 	ULSD	  	113,182
	24	 	ULSD	  	119,269
	25	 	Av Jet	  	65,117
	29	 	CRU1 Feed	  	33,723
	30	 	CRU2 Feed	  	39,417
	31	 	ULSD	  	23,792
	32	 	Finish Gasoline	  	74,847
	64	 	Gasoline	  	17,961
	65	 	Gasoline	  	17,941
	66	 	Naptha	  	22,582
	75	 	ULS k	  	24,938
	78	 	ULS k	  	9,226
	127	 	Heavy Slop	  	20,504
	654	 	Sour Distilate	  	77,596
	642	 	HTU2 Chg.	  	78,511
	655	 	HTU2 Chg.	  	76,750
	649	 	HTU4 CHg.	  	100,000
	137	 	Gas Oil/Sour diesel	  	192,000
	138	 	Gas Oil	  	193,742
	139	 	Gas Oil	  	74,792
	142	 	Gas Oil	  	191,563
	143	 	Gas Oil	  	191,570
	159	 	Slurry	  	9,778
	167	 	Slurry	  	8,908
	650	 	ULSD Dock	  	36,000
	178	 	Coke Charge/Swing Tank	  	80,000
	192**	 		  	DEMO

  
 Exhibit H-2-1 

					
	 TANK ID NUMBER
	  	 CURRENT SERVICE/PRODUCT
	  	NOMINAL CAPACITY, BBLS
	212	  	Coker Chg.	  	76,524
	213	  	Asphalt	  	77,675
	215	  	AV Jet	  	67,529
	216	  	Alkylate	  	72,618
	218	  	Gas Oil	  	77,675
	219	  	Reformate	  	71,466
	220	  	Swing Tank	  	71,495
	221	  	Gasoline Swing	  	71,508
	222	  	Gasoline Swing	  	71,509
	223	  	Reformate	  	72,893
	224	  	Jet Fuel	  	71,534
	225	  	HTU1 Chg, kerosene	  	28,882
	226	  	Finish Gasoline	  	27,679
	227	  	Natural Gasoline	  	27,701
	230	  	Diesel (RAM)	  	4,780
	231	  	Light Cycle (RAM)	  	1,923
	250	  	FCCU Gasoline	  	75,354
	251	  	FCCU Gasoline	  	75,968
	252	  	FCCU Gasoline	  	75,968
	253	  	Natural Gasoline	  	74,653
	254	  	Isomerate	  	19,318
	255	  	Isomerate	  	19,318
	256	  	TEL Wash	  	950
	447	  	Finish Gasoline	  	17,730
	448	  	Gasoline	  	16,109
	453	  	Ethanol	  	5,121
	457	  	HTU3 Chg, LSR	  	32,690
	458	  	Isomerate	  	32,690
	490	  	ULSD	  	116,094
	600	  	Propane	  	625
	601	  	Propane	  	625
	602	  	Propane	  	625
	603	  	Propane	  	625
	604	  	Propane	  	625
	605	  	Propane	  	625
	606	  	Propane	  	625
	607	  	Propane	  	625
	608	  	Propane	  	625
	609	  	Propane	  	625
	610	  	Propane	  	625
	611	  	Propane	  	625
	612	  	Propane	  	625
	613	  	Propane	  	625
	614	  	Propane	  	625

  
 Exhibit H-2-2 

					
	 TANK ID NUMBER
	  	 CURRENT SERVICE/PRODUCT
	  	NOMINAL CAPACITY, BBLS
	615	  	Propane	  	625
	616	  	Propane	  	625
	617	  	Propane	  	625
	618	  	Propane	  	625
	619	  	Propane	  	625
	620	  	Propane	  	575
	621	  	Propane	  	100
	640	  	Asphalt	  	66,859
	641	  	Biodiesel	  	6,813
	647	  	Asphalt	  	76,600
	651	  	Heavy Atmospheric Gas Oil (HAGO)	  	32,346
	653	  	HAGO	  	32,344
	656	  	Diesel	  	500
	657	  	Diesel	  	500

  
 Exhibit H-2-3 

 Exhibit H-3 

to 
 Fifth Amended and
Restated 
 Master Throughput Agreement 

Specifications for New Tank 
  

							
	 TANK ID NUMBER
	  	 CURRENT SERVICE/PRODUCT
	  	NOMINAL CAPACITY, BBLS	 
		  		  			

  
 Exhibit H-3-1 

 Exhibit I 

to 
 Fifth Amended and
Restated 
 Master Throughput Agreement 

Special Provisions: Cheyenne Assets 

1. Change of Service. Subject to (i) any Applicable Law and (ii) technical specifications of the Cheyenne Tankage, HFRM may
request that HEP Operating change the service of any of the Cheyenne Tankage from storage of one Product to storage of a different Product. If HEP Operating agrees to such request, HFRM shall indemnify and hold HEP Operating harmless from and
against all costs and expenses associated with any such changing of service including costs of complying with any Applicable Law affecting such change of service. 

  
 Exhibit I-1 

 Exhibit I-1 

to 
 Fifth Amended and
Restated 
 Master Throughput Agreement 

Cheyenne Loading Rack 

The Refined Products Truck Loading Rack, including the Vapor Recovery Unit and the two (2) Propane Loading Spots transferred to Cheyenne
Logistics pursuant to that certain Conveyance, Assignment and Bill of Sale (Cheyenne), dated effective as of October 25, 2011, by and between Frontier Cheyenne and Cheyenne Logistics. 

  
 Exhibit I-1-1 

 Exhibit I-2 

to 
 Fifth Amended and
Restated 
 Master Throughput Agreement 

Cheyenne Receiving Assets 

The four (4) Crude Oil LACTS Units, the Crude Oil Receiving Pipeline, and the petroleum storage tanks listed below under “Petroleum
Storage Tanks” transferred to Cheyenne Logistics pursuant to that certain Conveyance, Assignment and Bill of Sale (Cheyenne), dated effective as of October 25, 2011, by and between Frontier Cheyenne and Cheyenne Logistics. 

Petroleum Storage Tanks: 
  

					
	 TANK ID NUMBER
	  	 CURRENT SERVICE/PRODUCT
	  	NOMINAL
CAPACITY, BBLS
	2-036	  		  	DEMO
	2-063	  	Crude HSR	  	10,096
	2-067	  	Crude LSR	  	10,093
	2-072	  	Crude	  	80,581
	2-073	  	Crude	  	80,551
	2-074	  	Crude	  	79,766

  
 Exhibit I-2-1 

 Exhibit I-3 

to 
 Fifth Amended and
Restated 
 Master Throughput Agreement 

Cheyenne Tankage 
  

					
	 TANK ID NUMBER
	  	 CURRENT SERVICE/PRODUCT
	  	NOMINAL CAPACITY, BBLS
	1-107	  	Intermediate Distillate	  	69,942
	1-013	  		  	DEMO
	1-014	  	Low Sul. Diesel	  	24,677
	1-015	  	No Lead Gas	  	24,677
	1-016	  	Ethanol	  	2,564
	1-017	  	Prem. No Lead Gas	  	5,034
	1-020	  		  	DEMO
	1-021	  	Sweet Naphtha / VRU	  	9,867
	1-027	  	Slop Oil	  	4,000
	1-028	  	BioDiesel	  	5,179
	1-029	  	Coker Gas Oil	  	10,709
	1-032	  	Diesel	  	10,124
	1-033	  		  	DEMO
	1-040	  		  	DEMO
	1-048	  		  	DEMO
	1-049	  		  	DEMO
	1-050	  	Vacuum Bottoms	  	67,428
	1-051	  	Slurry	  	24,938
	1-052	  	PG 58-28 (Asphalt)	  	72,017
	1-053	  	FCCU Slurry	  	13,506
	1-054	  	FCCU Slurry	  	24,938
	1-055	  	PG 58-28 (Asphalt)	  	54,499
	1-056	  	Coker feed tank	  	61,709
	1-058	  	Coker Gas Oil	  	10,493
	1-090	  	PG 64-22 (Asphalt)	  	55,954
	1-091	  		  	DEMO
	1-093	  	PG 64-22 (Asphalt)	  	2,602
	1-094	  	PG 64-22 (Asphalt)	  	2,602
	1-095	  	PG 64-22 (Asphalt)	  	2,602
	1-106	  	Naptha	  	120,000
	1-108	  	Distillate	  	107,000
	1-117	  	Vacuum Bottoms	  	69,942
	2-015	  	ULSD	  	29,114
	2-016	  	Diesel	  	28,046

  
 Exhibit I-3-1 

					
	 TANK ID NUMBER
	  	 CURRENT SERVICE/PRODUCT
	  	NOMINAL CAPACITY, BBLS
	2-017	  	UC Crack (LCO / Coker Distillate)	  	28,562
	2-020	  	Gas Oil	  	10,746
	2-021	  	Gas Oil	  	10,746
	2-022	  	UC Crack (LCO / Coker Distillate)	  	9,731
	2-023	  	Coker Gas Oil	  	10,583
	2-028	  	Cat Gas Oil	  	80,153
	2-034	  	Reformate	  	23,234
	2-035	  	Alkylate	  	24,190
	2-036	  		  	DEMO
	2-060	  	Burner/Distillate	  	9,846
	2-061	  	Sweet Naphtha	  	10,096
	2-062	  	Naptha	  	9,970
	2-070	  	Sub Grade No Lead Gas	  	32,608
	2-071	  	Premium No Lead Gas	  	32,612
	2-075	  	Finished NL Gasoline	  	80,278
	2-100	  	LSR/LSG	  	41,978
	2-101	  	Diesel	  	42,051
	2-102	  	No Lead Gas	  	80,278
	2-104	  	Reformate	  	54,749
	2-105	  	Cat Gas Oil	  	54,954
	2-118	  	Light Straight Run	  	40,609
	2-119	  	FCCU Cat Gas	  	40,609
	2-161	  	Finished Diesel	  	40,485

  
 Exhibit I-3-2 

 Exhibit J 

to 
 Fifth Amended and
Restated 
 Master Throughput Agreement 

Special Provisions: Tulsa East Assets 

1. Change of Tankage Service. Subject to (i) any Applicable Law and (ii) technical specifications of the Tulsa Group 1
Tankage or the Tulsa Group 2 Tankage, HFRM may request that HEP Operating change the service of any of the Tulsa Group 1 Tankage or the Tulsa Group 2 Tankage from storage of one Product to storage of a different Product; provided, however,
that HFRM shall indemnify and hold HEP Operating harmless from and against all costs and expenses associated with any such changing of service including costs of complying with any Applicable Law affecting such change of service. 

2. Change of Interconnecting Pipeline Service. Subject to (i) any Applicable Law, (ii) technical specifications of the Tulsa
Interconnecting Pipelines, and (iii) right-of-way and license agreements, HFRM may request that HEP Operating change the service of any of the Interconnecting
Pipelines; provided, however, that HFRM shall indemnify and hold HEP Operating harmless from and against all costs and expenses associated with any such changing of service including costs of complying with any Applicable Law affecting such change
of service. 
 3. Construction of New Tank. HEP Operating shall, or shall cause its Affiliate to, use its commercially reasonable
efforts to construct a New Tank at the Tulsa Refinery in accordance with the specifications set forth on Exhibit J-6. If HEP Operating or its Affiliate should fail to complete the New Tank or if the New
Tank Commencement Date does not occur for the New Tank for a reason related to the fault of HEP Operating or its Affiliate or a matter that is within or under the control of HEP Operating or its Affiliate, HEP Operating shall bear all costs,
liabilities and expenses with respect to such incomplete New Tank, and if HEP Operating or its Affiliate should fail to complete the New Tank or if the New Tank Commencement Date does not occur for the New Tank for any other reason, HFRM shall
reimburse HEP Operating or its Affiliate for all costs, liabilities and expenses incurred by HEP Operating or its Affiliate with respect to such incomplete New Tank. Promptly following the New Tank Commencement Date, HEP Operating will deliver a
written certification to HFRM certifying the Final Construction Cost for the New Tank. Additionally, promptly following the New Tank Commencement Date, the Parties shall execute an amended Exhibit J-3
reflecting the addition of the New Tank and attach it to this Agreement. Such amended Exhibit J-3 shall be numbered Exhibit J-3.1, dated and appended as an
additional schedule to this Agreement and shall replace the prior version of Exhibit J-3 in its entirety after its date of effectiveness. 

  
 Exhibit J-1

 Exhibit J-1 

to 
 Fifth Amended and
Restated 
 Master Throughput Agreement 

Tulsa Group 1 Loading Rack 

The Propane Truck Loading Rack, Asphalt Truck Loading Rack and Gas Oil Truck Loading Rack transferred to HEP Tulsa LLC pursuant to that
certain Bill of Sale, Assignment and Assumption Agreement, dated December 1, 2009, by and between Sinclair Tulsa Refining Company and HEP Tulsa LLC.  

  
 Exhibit
J-1-1 

 Exhibit J-2 

to 
 Fifth Amended and
Restated 
 Master Throughput Agreement 

Tulsa Group 1 Pipeline 

The two Product Delivery Pipelines transferred to HEP Tulsa LLC pursuant to that certain Bill of Sale, Assignment and Assumption Agreement,
dated December 1, 2009, by and between Sinclair Tulsa Refining Company and HEP Tulsa LLC. 

  
 Exhibit J-2-1 

 Exhibit J-3 

to 
 Fifth Amended and
Restated 
 Master Throughput Agreement 

Tulsa Group 1 Tankage 
  

					
	 TANK ID
	  	 REFINED PRODUCT
	  	CAPACITY (BBLS)
	10	  	ULSD #2 (XT)	  	37,500
	11	  	ULSD #2 (XT)	  	37,500
	12	  	Naptha	  	32,000
	45	  	Decant	  	5,700
	102	  	Kerosene	  	37,500
	103	  	Kerosene	  	37,500
	104A	  	ULSD #2 (XT)	  	37,500
	110	  	ULSD#1	  	37,500
	111	  	Kerosene	  	37,500
	115A	  	ULSD #2 (XT)	  	151,000
	215	  	ULSD #2 (XT)	  	151,000
	116	  	Kerosene	  	50,860
	117	  	ULSD #2 (XT)	  	63,000
	444A	  	Gasoline Blendstock	  	32,832
	450A	  	Premium Unleaded	  	12,000
	451	  		  	DEMO
	452A	  	USLD #2 (XT)	  	12,000
	464A	  	Unleaded Regular	  	80,000
	465	  	Unleaded Regular	  	79,320
	466	  	Unleaded Regular	  	79,320
	467A	  	Unleaded Regular	  	80,000
	470A	  	Unleaded Regular	  	151,020
	472	  	Unleaded Regular	  	151,000
	473A	  	Premium Unleaded (ST)	  	151,020
	601	  	Unleaded Regular	  	19,000
	602	  	Premium Unleaded (ST)	  	10,000
	603	  	Out of Service	  	DEMO
	605	  	Ethanol	  	5,000
	606	  	Empty	  	500

  
 Exhibit J-3-1 

 Exhibit J-4 

to 
 Fifth Amended and
Restated 
 Master Throughput Agreement 

Tulsa Group 2 Loading Rack 

The Rail Loading Rack transferred to HEP Tulsa LLC pursuant to that certain Conveyance, Assignment and Bill of Sale, dated March 31,
2010, by and between Holly Refining & Marketing – Tulsa LLC and HEP Tulsa LLC. 

  
 Exhibit J-4-1 

 Exhibit J-5 

to 
 Fifth Amended and
Restated 
 Master Throughput Agreement 

Tulsa Group 2 Tankage 
  

					
	 TANK ID
	  	 CURRENT SERVICE
	  	CAPACITY (BBLS)
	1	  	Crude	  	130,450
	2	  	Crude	  	130,000
	3	  	Crude	  	116,579
	8	  	Crude	  	130,233
	123	  	CSO	  	37,500
	471A	  	Regular	  	151,020
	107A	  	Flux/Asphalt	  	55,954
	108A	  	Flux/Asphalt	  	37,500
	109	  	Flux/Asphalt	  	37,500
	125	  	Flux/Asphalt	  	37,500
	131	  	Flux/Asphalt	  	37,500
	442	  		  	DEMO
	445A	  	Gasoline blendstock	  	32,787
	446	  		  	DEMO
	460	  	LSR	  	80,000
	461A	  	LSR	  	80,000
	17	  	FCCU LCO	  	37,500
	114	  	Raw Diesel	  	131,000
	9	  	Raw gas oil	  	150,260
	15	  	Raw gas oil	  	130,000
	16	  	Raw gas oil-Sour	  	151,078
	6A	  	Raw naphtha	  	69,082
	4	  	Scanfiner feed	  	120,566
	40	  	Raw gas oil	  	5,734
	41	  	CSO	  	4,032
	34	  	Truck loading-64/22 asphalt	  	11,798
	36A	  	Truck loading-58/28 asphalt	  	11,500
	124A	  	Flux/Asphalt	  	37,500
	18A	  	Slop	  	37,500
	31	  	Slop	  	15,000
	7A	  	Naptha	  	69,082
	14	  	Naptha	  	55,000

  
 Exhibit J-5-1 

 Exhibit J-6 

to 
 Fifth Amended and
Restated 
 Master Throughput Agreement 

Specifications for New Tank 
  

					
	 TANK ID NUMBER
	  	 CURRENT

SERVICE/PRODUCT
	  	NOMINAL CAPACITY,
BBLS
	12	  	Naphtha	  	32,000

  
 Exhibit J-6-1 

 Exhibit K 

to 
 Fifth Amended and
Restated 
 Master Throughput Agreement 

Special Provisions: El Dorado Crude Tank Farm Assets 
  

	1.	 El Dorado Terminal Operation. HEP Operating will use commercially reasonable efforts to maintain the El
Dorado Terminal’s current connections to the pipelines owned and operated by (a) Tallgrass Energy Partners, LP (the “Pony Express Pipeline”), (b) Osage Pipe Line Company, LLC (the “Osage Pipeline”), (c)
Rose Rock Midstream, L.P. (the “Rose Rock Pipeline”), and (d) MV Purchasing, LLC (the “MVP Pipeline”), but shall not be required to expend additional monies in connection therewith unless agreed separately in
writing with HFRM. HFRM may request HEP Operating to connect the El Dorado Crude Tankage to new pipelines, whether owned by third parties or by HFRM, subject to HEP Operating’s approval of such connections and the engineering standards related
to such; HEP Operating will not unreasonably withhold such approval. If HEP Operating approves any new connection requested by HFRM, HFRM will reimburse HEP Operating the actual expenses incurred by HEP Operating that are associated with such
connection, plus an administrative charge of fifteen percent (15%). In addition, the Minimum Throughput Commitment will be increased to account for any additional expense HEP Operating bears in connection with ongoing operating expenses associated
with such requested pipeline connection. Any HEP Operating expenditures requested by HFRM beyond pipeline connections will be negotiated separately. 

  

	2.	 Tank Use. HEP Operating shall make available to HFRM on an exclusive basis the shell capacity, minimum
and maximum capacities, and working capacity for the El Dorado Crude Tankage. HEP Operating will make at least two (2) of such tanks available for blending services at all times during the Applicable Term. HEP Operating and HFRM will work
together to assign minimum and maximum capacities of each tank within sixty (60) days following the commencement of the Applicable Term. These minimum and maximum capacities will be set to allow the most working capacity available to HFRM
within reasonable industry practices. The minimum and maximum capacity for each tank will be used to determine the working capacity of each tank (calculated by subtracting the minimum capacity from the maximum capacity for each Tank) (the
“Working Capacity”). Once the Working Capacity is agreed upon, HEP may assign, in its sole discretion, new maximum and minimum capacities to each tank if required to allow for safe operation. If HEP determines it is necessary to
reduce the aggregate Working Capacity to less than 650,000 Barrels (as such volume may be adjusted pursuant to Section 4 of this Exhibit K (the “El Dorado Minimum Working Capacity”), the Minimum
Throughput Commitment will be reduced proportionately. HFRM may deliver or have delivered Product into the El Dorado Crude Tankage from the El Dorado Refinery, the Pony Express Pipeline, the Osage Pipeline the Rose Rock Pipeline or the MVP Pipeline.
HFRM agrees not to deliver to the Terminal any Products which fail to meet the El Dorado Quality Specifications, or which would in any way be injurious to the El Dorado Crude Tankage, or that may not lawfully be handled in the Tankage. HFRM shall be
responsible for and pay for all damages resulting from handling of any Products by HFRM, its designee, or its consignee; provided, however, so long as the Products meet the El Dorado Quality Specifications, HFRM shall not be responsible for damages
arising from the negligence or willful misconduct of HEP, its agents, employees or contractors or from ordinary wear and tear. 

  
 Exhibit K-1 

	3.	 Terminal Maintenance, Changes, or Installations. HEP Operating shall make the El Dorado Crude
Tankage available for HFRM’s exclusive use except for times at which a tank must be taken out of service for routine maintenance, in which event HEP Operating will use commercially reasonable efforts to minimize the duration of the outage. HEP
Operating may take more than one tank out of service due to unplanned maintenance, environmental, or operational occurrences and may schedule more than one tank out of service if the duration is minimal (i.e. less than 1 week for seal inspection or
mixer repair on top of an API 653 of another tank), but HEP Operating will not schedule more than one tank out of service for extended overlapping periods (e.g., two API 653s at the same time overlapping 1+ weeks). HEP Operating will provide HFRM
written notice at least forty-five (45) days prior to any scheduled maintenance, changes or installations affecting the El Dorado Crude Tankage. In the event HEP Operating cannot provide any or all of the services during any maintenance,
changes or installations within the El Dorado Terminal, or if such maintenance, changes or installations causes HEP Operating to take any tank out of service and HEP Operating does not provide a substitute tank in the place of such tank, the Minimum
Throughput Commitment shall be reduced by the Working Capacity of such out-of-service tank for the duration of such outage. 

 

	4.	 Right of First Refusal. HEP Operating may not lease or pledge or commit to provide any storage services
with respect to the El Dorado Crude Tankage or the Jayhawk Tankage (after the expiration of the Jayhawk Lease) at the El Dorado Terminal to a third party unless HEP Operating first offers to HFRM the exclusive right to use the Working Capacity of
such tanks on substantially the same terms as HEP Operating has previously negotiated with a third party in arms-length negotiations. HFRM will have thirty (30) days (the “El Dorado Crude Tank Farm Consideration Period”) to
consider the option to utilize such Working Capacity and to provide notice to HEP Operating of its election to accept or decline such Working Capacity. If HFRM has not notified HEP Operating within 30 days, then HEP Operating may proceed to enter
into an agreement with the third party for such Working Capacity; provided, however, that if HEP Operating does not enter into an agreement with the third party within sixty (60) days following HFRM’s notice to decline or the expiration of
the El Dorado Crude Tank Farm Consideration Period, then HFRM’s rights under this Section 4 will apply to any subsequent bona fide third party offer to HEP Operating regarding such Working Capacity.

  

	5.	 Jayhawk Tankage. In the event that the Jayhawk Lease expires or is otherwise terminated or cancelled for
any reason and the Jayhawk Tankage are not leased within a reasonable time (not to exceed sixty 60) days) to a third party as contemplated by Section 4 of this Exhibit K, HEP Operating agrees to make the Working
Capacity of the Jayhawk Tankage available for HFRM’s exclusive use, and HFRM agrees to increase the Minimum Throughput Commitment by an amount equal to (a) the monthly storage fee that Jayhawk paid to HEP Operating during the last 12
months of the Jayhawk Lease, divided by the Working Capacity of the Jayhawk Tankage, and the El Dorado Minimum Working Capacity shall be increased by an amount equal to two-thirds (2/3) of the Working
Capacity of such Jayhawk Tankage. HFRM’s use of the Jayhawk Tankage will be added to this Agreement as an amendment with all terms and conditions being consistent with this Agreement, and thereafter the term “El Dorado Crude Tankage”
as used herein shall include the Jayhawk Tankage. 

  

	6.	 Right to Refuse. HEP Operating reserves the right to refuse receipt of any Product into the El Dorado
Terminal, alternatively route such Product to another location, or take other appropriate action in regards to such Product if Product does not meet the El Dorado Quality Specifications. HFRM, if requested in writing, will provide HEP Operating with
notice setting forth the quantity, quality, and specifications of Product to be delivered a minimum of four (4) hours prior to any delivery to the El Dorado Terminal. Any reasonable costs incurred by HEP Operating in connection with addressing
or handling HFRM’s Product that does not meet the El Dorado Quality Specifications shall be borne by HFRM. 

  
 Exhibit K-2 

	7.	 Terminal Damage or Destruction. If any part of the El Dorado Terminal or the El Dorado Crude Tankage are
damaged or destroyed by fire or other casualty, HEP Operating shall have the discretion to reduce receipts into and deliveries out of the El Dorado Terminal and to allocate any remaining El Dorado Terminal capacity and throughput fairly and
reasonably among various customers utilizing terminalling services at the El Dorado Terminal. HEP Operating may, but shall not be obligated to, repair or replace such damaged or destroyed terminal facilities or Tanks. 

 

	8.	 Delivery Lines. The El Dorado Crude Tankage is connected to the El Dorado Refinery by two 16”
delivery lines, together with associated piping necessary for Product movements into and out of the El Dorado Crude Tankage (the “El Dorado Delivery Lines”). HEP Operating will operate the El Dorado Delivery Lines for HFRM’s
exclusive use. HEP Operating will operate one of the 16” El Dorado Delivery Lines for Product movements from the El Dorado Crude Tankage to the El Dorado Refinery with a capacity to deliver (a) 130,000 bpd based on a maximum viscosity of 350
SUS at 60 degrees Fahrenheit when operating only one El Dorado Delivery Line, and (b) 165,000 bpd based on a maximum viscosity of 350 SUS at 60 degrees Fahrenheit when operating both El Dorado Delivery Lines. HEP Operating will operate the other
16” El Dorado Delivery Line for bidirectional use. HEP Operating will maintain the El Dorado Delivery Lines to gravity feed Product to the El Dorado Refinery or, upon request of HFRM, to pump Product to the El Dorado Refinery at a pressure of
at least 25 psig (when operating one El Dorado Delivery Line) and 50 psig (when operating both El Dorado Delivery Lines), as measured at the El Dorado Refinery receipt point. HEP Operating will maintain at least two
(2) full-sized pumps for this service and will operate the pumps at HFRM’s request. 

  

	9.	 Products Testing. At HFRM’s request and upon HEP Operating’s approval, such approval not to be
unreasonably withheld, delayed or conditioned, HEP Operating shall provide sampling and testing services for HFRM’s Products at the El Dorado Terminal. All fees for Product testing shall be billed to HFRM at HEP Operating’s actual cost.

  
 Exhibit K-3 

 Exhibit K-1 

to 
 Fifth Amended and
Restated 
 Master Throughput Agreement 

El Dorado Crude Tankage and Jayhawk Tankage 
  

	1.	 El Dorado Crude Tankage: 

 

					
	 Tank ID Number
	  	 Current Service/Product
	  	Nominal Capacity, BBLs
	4150	  	Crude	  	80,000
	4153	  	Crude	  	80,000
	4154	  	Crude	  	80,000
	4155	  	Crude	  	125,000
	4156	  	Crude	  	125,000
	4157	  	Crude	  	125,000
	4158	  	Crude	  	125,000
	4159	  	Crude	  	125,000
	4160	  	Crude	  	125,000

  

	2.	 Jayhawk Tankage: 

 

					
	 Tank ID Number
	  	 Current Service/Product
	  	Nominal Capacity, BBLs
	4151	  	Crude	  	80,000
	4152	  	Crude	  	80,000

  
 Exhibit K-1-1 

 Exhibit K-2 

to 
 Fifth Amended and
Restated 
 Master Throughput Agreement 

El Dorado Terminal Quality Specifications 

Petroleum liquid that has a true vapor pressure equal to or greater than 1.5 psia but not greater than 11.1 psia. 

  
 Exhibit K-2-1 

 Exhibit L-1 

to 
 Fifth Amended and
Restated 
 Master Throughput Agreement 

Tulsa West Tankage 
  

					
	 TANK ID NUMBER
	  	 CURRENT SERVICE/PRODUCT
	  	NOMINAL CAPACITY, BBLS
	13	  	Crude/Lef	  	55,000
	186	  	Crude/Lef	  	55,000
	187	  	Crude/Lef	  	55,000
	188	  	Crude/Lef	  	55,000
	244	  	Crude/Lef	  	55,000
	874	  	Crude/Lef	  	121,000

  
 Exhibit L-1-1 

 Exhibit L-2 

to 
 Fifth Amended and
Restated 
 Master Throughput Agreement 

Special Provisions: 

Tulsa West Tankage 
 1. XO Maintenance
Operating Expense Adjustment. At the end of the Applicable Term, HEP Operating shall calculate the aggregate XO maintenance operating expenses incurred for the Tulsa West Tankage (“Actual OPEX”). In the event that the
Actual OPEX exceeds the Assumed OPEX for the Tulsa West Tankage set forth on Exhibit C, HFRM shall, within ten (10) days of receiving an invoice from HEP Operating, reimburse HEP Operating an amount equal to (i) the
Actual OPEX minus (ii) the Assumed OPEX (the “OPEX Reimbursement Amount”). In the event that the Actual OPEX is less than the Assumed OPEX for the Tulsa West Tankage set forth on Exhibit C, no adjustments shall be
made and no amounts shall be reimbursed. 

  
 Exhibit L-2-1 

 Exhibit M 

to 
 Fifth Amended and
Restated 
 Master Throughput Agreement 

Special Provisions: Orla Truck Terminal 

Construction of Orla Truck Terminal. HEP Operating constructed the following: 
  

	 	•	 	 approximately 50,000 BBL nominal capacity IFR tank 

 

	 	•	 	 three lane diesel sales loading rack with associated piping and electrical and SCADA equipment that will have a
throughput capacity, with further additions, of 30,000 bpd

  

	 	•	 	 an MCC/office building 

 

	 	•	 	 paved access roadway, approximately .8 miles long, from the existing TXDOT FM road to the new HEP Loading
Terminal 

  
 Exhibit M-1 

 Exhibit N-1 

to 
 Fifth Amended and
Restated 
 Master Throughput Agreement 

Refined Products Pipelines 
  

													
	 Pipeline
	  	 Origin and Destination
	  	Miles of
Pipeline	 	  	Diameter
(inches)	 	  	 Capacity
(Bpd)

	 South System
	  	Artesia, NM to El Paso, TX	  	 	156	 	  	 	6	 	  	19,000
		  	Artesia, NM to Orla, TX to El Paso, TX	  	 	221	 	  	 	12/8	 	  	95,000
		  	 Artesia, NM to El Paso, TX
 (Magellan El Paso
Terminal)
	  	 	140	 	  	 	6	 	  	24,000
		  	 Artesia, NM to El Paso, TX
 (Magellan El Paso
Terminal)
	  	 	210	 	  	 	12	 	  	100,000
	 Artesia Moriarty
	  	Artesia, NM to Moriarty, NM	  	 	215	 	  	 	12/8	 	  	27,000
	 Artesia Bloomfield
	  	Artesia, NM to Bloomfield, NM	  	 	406	 	  	 	12/8	 	  	Same as above

  
 Exhibit N-1 

 Exhibit N-2 

to 
 Fifth Amended and
Restated 
 Master Throughput Agreement 

Refined Products Terminals and Terminalling Fees 

1. Refined Products Terminals. 
  

									
	 Location
	  	Storage Capacity
(bbls)	 	  	Number of
Tanks	 
	 Moriarty, NM
	  	 	211,000	 	  	 	9	 
	 Mountain Home, ID
	  	 	122,000	 	  	 	4	 
	 Spokane, WA
	  	 	532,000	 	  	 	32	 
	 Navajo Refinery truck rack
	  	 	N/A	 	  	 	N/A	 
	 Woods Cross Refinery truck rack
	  	 	N/A	 	  	 	N/A	 

 2. Terminalling Fees. HEP Operating will charge the following fees for services at the Refined Products
Terminals, as applicable: 
  

			
	 Service
	  	 Fee

	 Truck Rack Delivery
	  	$0.3500 per barrel
	 Handling Fees for Products Provided by Shipper (Ethanol, Biodiesel, Isobutane, etc)
	  	$0.08 per blended barrel
	 Gasoline and Diesel Additives (lubricity, red dye, generic and proprietary gasoline additives,
etc.)
	  	$0.08 per additized barrel + Cost of Additive per additized barrel

 For the avoidance of doubt, the Amended and Restated Unloading and Blending Services Agreement, which governs
the ethanol and biodiesel blending services performed at the refined product truck rack by HEP Operating in Artesia, shall remain in full force and effect. 

The fees shall be adjusted on July 1 of each calendar year by an amount equal to the upper change in the annual change rounded to four
decimal places of the Producers Price Index-Commodities-Finished Goods, (PPI), et al. (“PPI”), 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/. 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 change is negative in a given year then there will be no change in the fees. 

3. Applicable Term. The Applicable Term with respect to the Refined Products Terminals shall commence at 12:01 a.m. on July 1, 2019
and end at 12:01 a.m. on July 1, 2029. 

  
 Exhibit N-2 

 Exhibit N-3 

to 
 Fifth Amended and
Restated 
 Master Throughput Agreement 

Special Provisions: Refined Products Pipelines and Refined Products Terminals 

1. Obligations of HEP Operating. 

HFRM acknowledges and agrees that HEP Operating’s obligations pursuant to Section 2.5 of the Agreement with respect to the Refined
Products Pipelines are subject to: (i) HEP Operating’s ability to renew the MAPL Lease, provided, that if the MAPL Lease is terminated or expires, HFRM and HEP Operating shall renegotiate the minimum volume commitment for the Artesia
Bloomfield Pipeline and the Artesia Moriarty Pipeline taking into account the volumes that HFRM is unable to ship due to loss of pipeline space; and (ii) HEP Operating’s ability to permanently remove from service any of the pipelines
comprising the South System if HEP Operating determines in good faith that such pipeline cannot be operated safely in accordance with HEP Operating’s historical operating practices; provided, that the remaining pipelines in the South System
continue to provide sufficient capacity to allow HFRM to satisfy its minimum volume commitment on the South System. 
 2. Drag
Reducing Agents and Additives. 
 HEP Operating will reimburse HFRM for the cost of DRA furnished by HFRM for use on the South System on
a 50/50 basis until each of HFRM and HEP Operating expends $250,000 annually, with 100% of the cost over $500,000 annually to be covered by HFRM. HEP Operating will use its commercially reasonable efforts to minimize use of DRA on the South System
and maximize use of HEP Operating’s existing horsepower; provided, that in the event HEP Operating determines that it is not economically advantageous for HEP Operating to operate the South System in a manner that maximizes use of HEP
Operating’s existing horsepower and minimizes the use of DRA, then HEP Operating may use DRA in lieu of horsepower and the cost of such DRA is borne solely by HEP Operating and does not count towards HEP Operating’s share of the cost of
DRA stated above. 
 3. Taxes. 

Notwithstanding anything to the contrary in Section 2.10 of the Agreement, HFRM will reimburse HEP Operating for New Mexico gross receipts
tax, if applicable, but not income tax, levied on or with respect to the services provided by HEP Operating to HFRM with respect to the Refined Products Pipelines and Refined Products Terminals. 

4. Deficiency Payments. 

Notwithstanding anything to the contrary in Article 10 of the Agreement, HFRM and HEP Operating agree that deficiency payments with respect to
the Refined Products Pipelines will be credited against any payments owed by HFRM in the following four Contract Quarters in excess of the Minimum Commitment for such Calendar Quarters; provided, however, that HFRM will not receive credit for any
deficiency payment in any of the following four Contract Quarters until they have met the Minimum Commitment in the succeeding Contract Quarter. 

  
 Exhibit N-3Exhibit 10.1

 

EXECUTION
COPY

 

SECOND
AMENDMENT TO LOAN AND SECURITY AGREEMENT

 

This
Second Amendment to Loan and Security Agreement (this “Amendment”), dated as of May 31, 2018, is entered into
by and among FRC FUNDING I, LLC, a Delaware limited liability company “Borrower”), FLAT ROCK CAPITAL CORP., a
Maryland corporation (“Servicer”), the financial institutions party hereto (the “Lenders”),
and CADENCE Bank, N.A., as successor-by-merger to State Bank and Trust Company, as agent for the Lenders (in such capacity, “Agent”).

 

RECITALS

 

Borrower,
Servicer, Agent and the Lenders are parties to a Loan and Security Agreement dated as of October 12, 2018, as amended by that
certain First Amendment to Loan and Security Agreement, dated as of December 10, 2018 (as the same may be further amended, amended
and restated, supplemented, or otherwise modified from time to time, the “Loan Agreement”). Capitalized terms
used in this Amendment have the meanings given to them in the Loan Agreement unless otherwise specified.

 

Pursuant
to the Loan Agreement, the Lenders have extended a $30,000,000 revolving credit facility to the Borrower, secured by substantially
all of the assets of Borrower.

 

Borrower
has proposed to Agent and Lenders that the revolving credit facility under the Loan Agreement be increased to $35,000,000, and
the Lenders have agreed to such request, subject to the terms and conditions hereof.

 

NOW,
THEREFORE, in consideration of the foregoing and of other good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, Agent, Lenders, Servicer and the Borrower agree as follows:

 

1. Amendments
to Loan Agreement. As of the Amendment Effective Date, the Loan Agreement is amended as follows:

 

(a) Section
1.1 of the Loan Agreement is amended by amending the definition of “Commitment” as follows: “$30,000,000”
is replaced with “$35,000,000.”

 

(b) Section
1.1 of the Loan Agreement is further amended by amending and restating the definition of “Asset Coverage Ratio” to read
as follows:

 

“‘Asset
Coverage Ratio’ means the ratio, determined on a consolidated basis, without duplication, in accordance with GAAP, of (a)
the value of total assets of Parent (excluding any Investment constituting the Equity Interest in any other Person to the extent
such Equity Interest (x) is not pledged as Collateral or (y) is not subject to a first priority perfected lien in favor of the
Agent), less all liabilities not constituting Indebtedness of Parent to (b) the aggregate amount of Indebtedness of Parent.

 

(c) Section
1.1 of the Loan Agreement is further amended by amending and restating the definition of “Servicer Termination Event”
to read as follows:

  

     

     

    

 

“Servicer
Termination Event” means the occurrence of any one of the following:

 

(a) any
failure by the Servicer to make any payment, transfer or deposit into the Dominion Account as required by this Agreement, which
failure continues unremedied for a period of two (2) Business Days;

 

(b) any
failure on the part of the Servicer to observe or perform in any material respect any covenants or agreements of the Servicer
set forth in any Transaction Document to which the Servicer is a party (including, without limitation, any material delegation
of the Servicer’s duties) and the same continues unremedied for a period of thirty (30) days after the earlier to occur of (i)
the date on which written notice of such failure shall have been given to the Servicer by the Agent and (ii) the date on which
a Senior Officer of the Servicer acquires knowledge thereof;

 

(c)(i)
the Servicer or any Subsidiary of Servicer shall fail to make any payment when due (whether by scheduled maturity, required prepayment,
acceleration, demand, or otherwise) in respect of any Debt for Borrowed Money having an aggregate principal amount of more than
$200,000, in each case beyond the applicable grace period with respect thereto, if any; or (ii) the Servicer or any Subsidiary
shall fail to observe or perform any other agreement or condition relating to any such Debt for Borrowed Money or contained in
any instrument or agreement evidencing, securing or relating thereto, or any other event occurs, the effect of which default or
other event is to cause, or to permit the holder or holders or beneficiary or beneficiaries of such Debt for Borrowed Money (or
a trustee or agent on behalf of such holder or holders or beneficiary or beneficiaries) to cause, with the giving of notice if
required, (x) such Debt for Borrowed Money to become due or to be repurchased, prepaid, defeased or redeemed (automatically or
otherwise), or (y) an offer to repurchase, prepay, defease or redeem such Indebtedness to be made, in either case prior to its
stated maturity; provided that this clause (c)(ii) shall not apply to secured Debt for Borrowed Money that becomes due
as a result of the voluntary sale or transfer of the property or assets securing such Debt for Borrowed Money, if such sale or
transfer is permitted hereunder and under the documents providing for such Debt for Borrowed Money and such Debt for Borrowed
Money is repaid when required under the documents providing for such documents;

  

    2

     

    

 

(d) an
Insolvency Proceeding is commenced by or against the Servicer (subject to the grace period in the definition thereof in the case
of any involuntary proceeding commenced against the Servicer);

 

(e) the
occurrence of an Event of Default;

 

(f) the
occurrence of any Change of Control;

 

(g) any
failure by the Servicer to deliver any reports required to be delivered by the Servicer pursuant to the Servicing Agreement on
or before the date occurring two (2) Business Days after the date such report is required to be made or given, as the case may
be;

 

(h) any
representation, warranty or certification made by the Servicer in any Transaction Document or in any certificate delivered pursuant
to any Transaction Document shall prove to have been incorrect when made, which has a Material Adverse Effect and which continues
to be unremedied for a period of thirty (30) days after the earlier to occur of (i) the date on which written notice of such incorrectness
shall have been given to the Servicer by the Agent and (ii) the date on which a Senior Officer of the Servicer acquires knowledge
thereof;

 

(i) the
rendering against the Servicer of one or more final judgments, decrees or orders for the payment of money in excess of $200,000
in aggregate, and the continuance of such judgment, decree or order unsatisfied and in effect for any period of more than 60 consecutive
days without a stay of execution;

 

(j) a
finding by any court or governmental body of competent jurisdiction in a final, non-appealable judgment, or an admission by Servicer
in a settlement of any lawsuit, that Servicer has committed fraud, willful misconduct, or a material violation of applicable securities
laws, in each case which has a material adverse effect on the performance of its obligations under any of the Transaction Documents
to which it is a party; or

 

(k) any
Senior Officer of the Servicer is indicted for a criminal offense related to the business of the Servicer and is not terminated
within ten (10) days after such indictment.

 

(d) Section
9.3.3 of the Loan Agreement is amended by amending and restating the section in its entirety as follows:

 

“9.3.3
Tangible Net Worth. Parent shall maintain, as of the end of each Fiscal Quarter, commencing with the Fiscal Quarter ending
March 31, 2019, a Tangible Net Worth of not less than the aggregate amount of the Commitments on such date.

  

    3

     

    

 

2. Effect
of Amendment. Except as set forth expressly herein, all terms of the Loan Agreement, as amended hereby, and the other
Transaction Documents shall be and remain in full force and effect and shall constitute the legal, valid, binding and
enforceable obligations of the Borrower and the Servicer to the Lenders and the Agent. The execution, delivery and
effectiveness of this Amendment shall not, except as expressly provided herein, operate as a waiver of any right, power or
remedy of the Agent or the Lenders under the Loan Agreement, nor constitute a waiver of any provision of the Loan Agreement.
This Amendment shall constitute a Transaction Document for all purposes of the Loan Agreement.

 

3. Conditions
Precedent. This Amendment, and the increased Commitment, shall become effective as of such date (such date, the “Amendment
Effective Date”) that each of the following conditions are satisfied:

 

(a) Agent
shall have received counterparts of this Amendment, duly executed by the Borrower, the Servicer, the Agent, and each Lender;

 

(b) Borrower
shall have executed and delivered to each Lender having any increased Commitment a promissory note evidencing Borrower’s obligations
in respect of the Revolver Commitments of such Lender;

 

(c) Agent
shall have received certificates, in form and substance satisfactory to it, from a knowledgeable Senior Officer of Borrower certifying
that, after giving effect to this Amendment and the making of the initial Loans after the Amendment Effective Date, (i) Borrower
is Solvent; (ii) no Default or Event of Default exists; and (iii) the representations and warranties set forth in Section 8
are true and correct;

 

(d) The
Agent shall have received (i) as to the Borrower and the Servicer, either (x) a copy of each certificate or articles of
incorporation or organization or other applicable constitutive documents of such Person certified, to the extent applicable,
as of a recent date by the applicable governmental authority or (y) written certification by such Person’s secretary,
assistant secretary or other Senior Officer that such Person’s certificate or articles of incorporation or organization or
other applicable constitutive documents most recently certified and delivered to the Agent prior to the Amendment Effective
Date pursuant to the Transaction Documents remain in full force and effect on the Amendment Effective Date without
modification or amendment since such original delivery, (ii) as to Borrower and Servicer, either (x) signature and incumbency
certificates of the Senior Officers of such Person executing this Amendment and the Transaction Documents to which it is a
party or (y) written certification by such Person’s secretary, assistant secretary or other Senior Officer that such Person’s
signature and incumbency certificates most recently delivered to the Agent prior to the Amendment Effective Date pursuant to
the Transaction Documents remain true and correct as of the Amendment Effective Date, (iii) copies of resolutions of the
board of directors and/or similar governing bodies of Borrower and Servicer approving and authorizing the execution, delivery
and performance of this Amendment and the other Transaction Documents to which it is a party, certified as of the Amendment
Effective Date by a secretary, an assistant secretary or a Senior Officer of such Person as being in full force and effect
without modification or amendment (or in the case of Servicer, written certification by the Servicer’s secretary, assistant
secretary or other Senior Officer that such resolutions most recently delivered to the Agent prior to the Amendment Effective
Date pursuant to the Transaction Documents remain in full force and effect on the Amendment Effective Date without
modification or amendment since such original delivery), and (iv) a certificate of existence or good standing (to the extent
such concept exists) from the applicable governmental authority of Borrower’s and Servicer’s jurisdiction of
incorporation, organization or formation as of a reasonably recent date (provided that such certificate for Servicer can be
provided not later than five (5) Business Days after the Amendment Effective Date);

  

    4

     

    

 

(e) Agent
shall have received a favorable written opinion of counsel to Borrower and Servicer in form and substance satisfactory to Agent
and the Lenders covering, among other matters, (i) the enforceability of this Amendment, the Loan Agreement as amended hereby
and the other Transaction Documents, (ii) the grant and perfection of security interests in the Collateral, and (iii) such other
matters as Agent may require in Agent’s sole discretion;

 

(f) The
Agent and the Lenders shall have received, at least three Business Days prior to the Amendment Effective Date, all documentation
and other information about the Borrower and the Servicer as shall have been reasonably requested in writing at least ten Business
Days prior to the Amendment Effective Date by the Agent or any Lender that they shall have reasonably determined is required by
regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations, including
without limitation the USA PATRIOT Act;

 

(g) after
giving effect to this Amendment, no Default or Event of Default shall have occurred and be continuing or shall be caused by the
transactions contemplated by this Amendment;

 

(h) after
giving effect to this Amendment, the representations and warranties of the Borrower and the Servicer set forth in this Amendment
and the other Transaction Documents shall be true and correct in all material respects with the same effect as if then made (except
to the extent stated to relate to a specific earlier date, in which case such representations and warranties shall be true and
correct in all material respects as of such earlier date); and

 

(i) the
Borrower shall have paid all fees payable to the Agent under the Fee Letter of even date herewith between Borrower and AloStar
or under the Loan Agreement, including all reasonable and documented fees and expenses of Agent in connection with the negotiation,
preparation, execution and delivery of this Amendment and the Transaction Documents (including, without limitation, the fees and
expenses of counsel to Agent).

 

4. Representations
and Warranties. The Borrower and Servicer hereby represent and warrant to Agent and the Lenders as follows:

 

(a) The
Amendment and the transactions contemplated herein are within the Borrower’s and Servicer’s organizational powers and have been
duly authorized by all necessary organizational actions and, if required, actions by equity holders. The Amendment has been duly
executed and delivered by the Borrower and Servicer and constitutes a legal, valid and binding obligation of the Borrower and
Servicer, enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or
other laws affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered
in a proceeding in equity or at law.

  

    5

     

    

 

(b) The
Amendment (i) does not require any consent or approval of, registration or filing with, or any other action by, any
governmental authority, except such as have been obtained or made and are in full force and effect, (ii) will not violate any
law applicable to the Servicer, the Borrower or any Subsidiary, (iii) will not violate or result in a default under any
indenture, agreement or other instrument binding upon the Servicer, the Borrower or any Subsidiary or the assets of the
Servicer, the Borrower or any Subsidiary, or give rise to a right thereunder to require any payment to be made by the
Servicer, the Borrower or any Subsidiary, and (iv) will not result in the creation or imposition of any Lien on any asset of
the Servicer, the Borrower or any Subsidiary, except Liens created pursuant to the Transaction Documents.

 

(c) All
of the representations and warranties contained in Section 8 of the Loan Agreement are correct on and as of the date hereof as
though made on and as of such date.

 

5. Reaffirmation.
Servicer, in its capacity as the “Pledgor” under and as defined in the Pledge Agreement, hereby (a) consents
to the execution and delivery by the Borrower of this Amendment and ratifies and confirms the terms of the Pledge Agreement
with respect to the Obligations now or hereafter outstanding under the Loan Agreement as amended hereby, (b) acknowledges and
agrees that all obligations of the Borrower owing to the Lenders under the Loan Agreement and the other Transaction
Documents, as amended hereby, are included in the “Obligations,” as such term is used in the Pledge Agreement,
and are secured by the Pledge Agreement and (c) acknowledges and agrees that, notwithstanding anything to the contrary
contained herein or in any other document evidencing any indebtedness of the Borrower to the Agent or the Lenders or any
other obligation of the Borrower, or any actions now or hereafter taken by the Agent or the Lenders with respect to any
obligation of the Borrower, the Pledge Agreement, and its obligations thereunder, remain in full force and effect in
accordance with its terms, without release, diminution or impairment, notwithstanding the execution and delivery of this
Amendment and the other Transaction Documents contemplated hereby.

 

6. References.
All references in the Loan Agreement to “this Agreement” shall be deemed to refer to the Loan Agreement as
amended hereby; and any and all references in the Transaction Documents to the Loan Agreement shall be deemed to refer to the
Loan Agreement as amended hereby.

 

7. No
Waiver. The execution of this Amendment and any documents related hereto and the acceptance of all other agreements and
instruments related hereto shall not be deemed to be a waiver of any Default or Event of Default under the Loan Agreement or
a waiver of any breach, default or event of default under any Transaction Document or other document held by Lenders, whether
or not known to Lenders and whether or not existing on the date of this Amendment.

 

8. Release. The Borrower and Servicer each hereby absolutely and unconditionally releases and forever discharges Agent and Lenders, and
any and all participants, parent corporations, subsidiary corporations, affiliated corporations, insurers, indemnitors, successors
and assigns thereof, together with all of the present and former directors, officers, agents and employees of any of the foregoing,
from any and all claims, demands or causes of action of any kind, nature or description, whether arising in law or equity or upon
contract or tort or under any state or federal law or otherwise, which the Borrower or Servicer has had, now has or has made claim
to have against any such person for or by reason of any act, omission, matter, cause or thing whatsoever arising from the beginning
of time to and including the date of this Amendment, whether such claims, demands and causes of action are matured or unmatured
or known or unknown.

  

    6

     

    

 

9. Costs and Expenses. The Borrower hereby reaffirms its agreement under the Loan Agreement to pay or reimburse Agent on demand for
all costs and expenses incurred by Agent in connection with the Transaction Documents, including without limitation all reasonable
fees and disbursements of legal counsel. Without limiting the generality of the foregoing, the Borrower specifically agrees to
pay all fees and disbursements of counsel to Agent for the services performed by such counsel in connection with the preparation
of this Amendment and the documents and instruments incidental hereto. Borrower hereby agrees that Lenders may, at any time or
from time to time in its sole discretion and without further authorization by Borrower, make a loan to Borrower under the Loan
Agreement, or apply the proceeds of any loan, for the purpose of paying any such fees, disbursements, costs and expenses.

 

10. Counterparts. This Amendment may be executed in counterparts, each of which shall constitute an original, but all of
which when taken together shall constitute a single contract. Delivery of a signature page of this Amendment by telecopy or
other electronic means (including, but not limited to, in “tif” or ‘pdf” format) shall be effective
as delivery of a manually executed counterpart of such agreement.

 

11. Choice of Law and Venue. Without limiting the applicability of any other provisions of the Loan Agreement or any other Transaction
Document, the terms and provisions set forth in Section 13.13 and 13.14 of the Loan Agreement are expressly incorporated herein
by reference.

 

[Signature
Page Follows]

  

    7

     

    

 

EXECUTION
COPY

 

IN
WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and delivered by their respective authorized
officers as of the day and year first above written.

  

	ATTEST:	 	BORROWER:
	 	 	 
	 	 	FRC FUNDING I, LLC

 

	 	By:	/s/ Richard A. Petrocelli
	 	Name: 	Richard A. Petrocelli
	 	Title:	Chief Operating Officer

 

	ATTEST:	 	SERVICER:
	 	 	 
	 	 	FLAT ROCK CAPITAL CORP.

  

	 	By:	Richard A. Petrocelli
	 	Name: 	Richard A. Petrocelli
	 	Title:	Chief Operating Officer

  

Signature
Page — Second Amendment to Loan and Security Agreement

  

     

     

    

 

EXECUTION
COPY

  

	 	AGENT AND LENDERS;
	 	 
	 	CADENCE BANK, N.A.,
	 	successor-by-merger to State Bank and Trust
	 	Company, as Agent and a Lender
	 	 
	 	By: 	       
	 	NarkIe: Jestica Ernst
	 	TRIO: Vice President

 

Signature
Page — Second Amendment to Loan and Security Agreement

  

     

     

    

 

	 	HITACHI CAPITAL AMERICA
	 	CORP., as a Lender
	 	 
	 	By:	/s/ Michael A, Semanco
	 	Name: 	Michael A, Semanco
	 	Title: 	Division President

 

Signature
Page— Second Amendment to Loan and Security Agreement

  

     

     

    

 

SCHEDULE
1

to

Loan
and Security Agreement

 

 

COMMITMENTS
OF LENDERS

 

	Lender	 	Revolver Commitment	 	 	Total Commitments	 
	Cadence Bank, N.A.	 	$	20,000,000	 	 	$	20,000,000	 
	Hitachi Capital America Corp.	 	$	15,000,000	 	 	$	15,000,000	 
	TOTAL	 	$	35,000,000	 	 	$	35,000,000

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