0001193125-12-096484 Sample Contracts

HOLLY ENERGY PARTNERS, L.P. HOLLY ENERGY FINANCE CORP. $300,000,000 6.50% Senior Notes due 2020 Purchase Agreement
Purchase Agreement • March 5th, 2012 • Holly Energy Partners Lp • Pipe lines (no natural gas) • New York

Holly Energy Partners, L.P., a Delaware limited partnership (“Holly Energy Partners” or the “Partnership”) and Holly Energy Finance Corp., a Delaware corporation (“Finance Corp.” and, together with Holly Energy Partners, the “Issuers”), and each of the other Guarantors (defined herein) agree with you as follows:

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