0001193125-12-108756 Sample Contracts

HOLLY ENERGY PARTNERS, L.P., HOLLY ENERGY FINANCE CORP. AND EACH OF THE GUARANTORS PARTY HERETO 6.50% SENIOR NOTES DUE 2020 INDENTURE Dated as of March 12, 2012 U.S. BANK NATIONAL ASSOCIATION Trustee
Indenture • March 12th, 2012 • Holly Energy Partners Lp • Pipe lines (no natural gas) • New York

INDENTURE dated as of March 12, 2012 among Holly Energy Partners, L.P., a Delaware limited partnership (“Holly Energy Partners”), and Holly Energy Finance Corp. (“Finance Corp.” and, together with Holly Energy Partners, the “Issuers”), the Guarantors (as defined) and U.S. Bank National Association, as trustee.

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