OPTION AGREEMENTOption Agreement • February 5th, 2008 • Holly Corp • Petroleum refining
THIS OPTION AGREEMENT (“Agreement”) is entered into as of January 31, 2008, and is by and among Holly Corporation, a Delaware corporation (“Holly”), Holly UNEV Pipeline Company, a Delaware corporation (“Holly UNEV”), Navajo Pipeline Co., L.P., a Delaware limited partnership, Holly Logistic Services, L.L.C., a Delaware limited liability company (“Holly GP”), HEP Logistics Holdings, L.P., a Delaware limited partnership (the “General Partner”), Holly Energy Partners, L.P., a Delaware limited partnership (the “Partnership”), HEP Logistics GP, L.L.C., a Delaware limited liability company (the “OLP GP”), and Holly Energy Partners–Operating, L.P., a Delaware limited partnership (“HEP-Operating”). The above-named entities are sometimes referred to in this Agreement each as a “Party” and collectively as the “Parties.”
