HOLLY ENERGY PARTNERS, L.P. Common Units Underwriting AgreementUnderwriting Agreement • March 20th, 2013 • Holly Energy Partners Lp • Pipe lines (no natural gas) • New York
Holly Energy Partners, L.P., a Delaware limited partnership (the “Partnership”), proposes, subject to the terms and conditions stated herein, to issue and sell to the Underwriters named in Schedule I hereto (the “Underwriters”) an aggregate of 1,875,000 common units (the “Partnership Firm Units”) representing limited partner interests of the Partnership (“Common Interests”). HollyFrontier Corporation, a Delaware corporation (“HollyFrontier”), HollyFrontier Holdings LLC, a Delaware limited liability company (“Holdings”), Holly Refining and Marketing Company – Woods Cross LLC, a Delaware limited liability company (“Woods Cross”) and Navajo Refining Company, L.L.C., a Delaware limited liability company (“Navajo” and, together with HollyFrontier, Holdings and Woods Cross, the “Selling Unitholders”), unitholders in the Partnership, propose to sell to the Underwriters, severally and not jointly, the number of Common Interests set forth opposite the name of such Selling Unitholder in Schedule
