0001283140-23-000017 Sample Contracts

HOLLY ENERGY PARTNERS, L.P. LONG-TERM INCENTIVE PLAN PHANTOM UNIT AGREEMENT (Non-Employee Director Award)
Phantom Unit Agreement • February 28th, 2023 • Holly Energy Partners Lp • Pipe lines (no natural gas) • Texas

This Agreement is made and entered into as of the Date of Grant set forth in the Notice of Grant of Phantom Units (“Notice of Grant”) by and between Holly Logistic Services, L.L.C. (the “Company”), and you.

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SECOND AMENDMENT TO EIGHTH AMENDED AND RESTATED MASTER THROUGHPUT AGREEMENT
Master Throughput Agreement • February 28th, 2023 • Holly Energy Partners Lp • Pipe lines (no natural gas)

This Second Amendment to Eighth Amended and Restated Master Throughput Agreement (this “Amendment”) is entered into on December 22, 2022, to be effective as of March 14, 2022 (the “Second Amendment Effective Date”) by and between:

HOLLY ENERGY PARTNERS, L.P. LONG-TERM INCENTIVE PLAN NOTICE OF GRANT OF CASH AWARD (Employee)
Holly Energy Partners Lp • February 28th, 2023 • Pipe lines (no natural gas)

Pursuant to the terms and conditions of the Holly Energy Partners, L.P. Long-Term Incentive Plan, as amended (the “Plan”) and the associated Cash Award Agreement (Employee) which has been made separately available to you (your “Agreement”), you are hereby issued a Cash Award, subject to certain restrictions thereon and under the conditions set forth in this Notice of Grant of Cash Award (the “Notice”), in the Agreement and in the Plan (the “Award”). Capitalized terms used but not defined herein shall have the meanings set forth in the Plan or in your Agreement. You may obtain a copy of the Plan and a copy of the prospectus related to the Plan by following the instructions attached as Appendix A. Additionally, you may request a copy of the Plan or the prospectus by contacting Cara Whitesel at Cara.Whitesel@hfsinclair.com or 214.954.6530.

HOLLY ENERGY PARTNERS, L.P. LONG-TERM INCENTIVE PLAN PHANTOM UNIT AGREEMENT (Employee)
Term Incentive Plan Phantom Unit Agreement • February 28th, 2023 • Holly Energy Partners Lp • Pipe lines (no natural gas) • Texas

This Agreement is made and entered into as of the Date of Grant set forth in the Notice of Grant of Phantom Units (“Notice of Grant”) by and between Holly Logistic Services, L.L.C. (the “Company”), and you.

HOLLY ENERGY PARTNERS, L.P. LONG-TERM INCENTIVE PLAN CASH AWARD AGREEMENT (Employee)
Term Incentive Plan Cash Award Agreement • February 28th, 2023 • Holly Energy Partners Lp • Pipe lines (no natural gas) • Texas

This Agreement is made and entered into as of the Date of Grant set forth in the Notice of Grant of Cash Award Agreement (“Notice of Grant”) by and between Holly Logistic Services, L.L.C. (the “Company”), and you.

HOLLY ENERGY PARTNERS, L.P. LONG-TERM INCENTIVE PLAN NOTICE OF GRANT OF PHANTOM UNITS (Non-Employee Director Award)
Holly Energy Partners Lp • February 28th, 2023 • Pipe lines (no natural gas)

Pursuant to the terms and conditions of the Holly Energy Partners, L.P. Long-Term Incentive Plan, as amended (the “Plan”), and the associated Phantom Unit Agreement (Non-Employee Director Award) which has been made separately available to you (your “Agreement”), you are hereby issued Phantom Units (the “Phantom Units”) subject to certain restrictions thereon and under the conditions set forth in this Notice of Grant of Phantom Units (the “Notice”), in the Agreement, and in the Plan. Capitalized terms used but not defined herein shall have the meanings set forth in the Plan or your Agreement. You may obtain a copy of the Plan and a copy of the prospectus related to the Plan by following the instructions attached as Appendix A. Additionally, you may request a copy of the Plan or the prospectus by contacting Cara Whitesel at Cara.Whitesel@hfsinclair.com or 214.954.6530.

HOLLY ENERGY PARTNERS, L.P. LONG-TERM INCENTIVE PLAN PERFORMANCE UNIT AGREEMENT
Performance Unit Agreement • February 28th, 2023 • Holly Energy Partners Lp • Pipe lines (no natural gas) • Texas

This Performance Unit Agreement (the “Agreement”) is made and entered into by and between Holly Logistic Services, L.L.C., a Delaware limited liability company (the “Company”), and you. This Agreement is entered into as of the ___ day of _________, 2022 (the “Date of Grant”).

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