0001193125-11-002166 Sample Contracts

Non-Employee Director AWARD AGREEMENT

Non-Employee Director • January 6th, 2011 • NuStar Energy L.P. • Pipe lines (no natural gas) • Texas

• Contract Type
  Non-Employee Director
• Filed
  January 6th, 2011
• Company
  NuStar Energy L.P.
• Industry
  Pipe lines (no natural gas)
• Jurisdiction
  Texas

This Restricted Unit agreement (“Agreement”), effective as of December 30, 2010 (“Grant Date”), is between NuStar GP, LLC (the “Company”) and [insert name] (“Participant”), a participant in the NuStar GP, LLC Second Amended and Restated 2000 Long-Term Incentive Plan (the “Plan”). All capitalized terms contained in this Award shall have the same definitions as are set forth in the Plan unless otherwise defined herein. The terms of this grant are set forth below.

RESTRICTED UNIT AWARD AGREEMENT

Restricted Unit Award Agreement • January 6th, 2011 • NuStar Energy L.P. • Pipe lines (no natural gas) • Texas

• Contract Type
  Restricted Unit Award Agreement
• Filed
  January 6th, 2011
• Company
  NuStar Energy L.P.
• Industry
  Pipe lines (no natural gas)
• Jurisdiction
  Texas

This Restricted Unit award agreement (“Agreement”), effective as of the date set forth at the end of this Agreement (“Grant Date”), is between NuStar GP, LLC (the “Company”) and «First_Name» «Middle_Name» «Last_Name» (“Participant”), a participant in the NuStar GP, LLC Second Amended and Restated 2000 Long-Term Incentive Plan (the “Plan”). All capitalized terms contained in this Award shall have the same definitions as are set forth in the Plan unless otherwise defined herein. The terms of this grant are set forth below.