0001283140-14-000048 Sample Contracts

HOLLY ENERGY PARTNERS, L.P. LONG-TERM INCENTIVE PLAN
Performance Unit Agreement • August 6th, 2014 • Holly Energy Partners Lp • Pipe lines (no natural gas) • Texas

This Performance Unit Agreement (the “Agreement”) was made and entered into by and between Holly Logistic Services, L.L.C., a Delaware limited liability company (the “Company”), and you. This Agreement was entered into as of the 1st day of March, 2013 (the “Date of Grant”) and is amended and restated as of April 29, 2014 to be effective as of February 28, 2014.

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AMENDED AND RESTATED PERFORMANCE UNIT AGREEMENT
Performance Unit Agreement • August 6th, 2014 • Holly Energy Partners Lp • Pipe lines (no natural gas) • Texas

This Performance Unit Agreement (the “Agreement”) was made and entered into by and between Holly Logistic Service, L.L.C., a Delaware limited liability company (the “Company”), and Matthew P. Clifton (the “Service Provider”). This Agreement was entered into as of the 1st day of March, 2012 (the “Date of Grant”) and is amended and restated as of April 29, 2014 to be effective as of February 28, 2014 to clarify the continued “double-trigger” vesting of the Performance Units in connection with a Special Involuntary Termination.

HOLLY ENERGY PARTNERS, L.P. LONG-TERM INCENTIVE PLAN AMENDED AND RESTATED RESTRICTED UNIT AGREEMENT
Restricted Unit Agreement • August 6th, 2014 • Holly Energy Partners Lp • Pipe lines (no natural gas) • Texas

This Agreement was made and entered into as of the Date of Grant set forth in the Notice of Grant of Restricted Units (“Notice of Grant”) by and between Holly Logistic Services, L.L.C. (the “Company”), and you and is amended and restated as of April 29, 2014 to be effective as of February 28, 2014 to clarify the continued “double-trigger” vesting of the Award in connection with a Special Involuntary Termination.

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