0001283140-20-000049 Sample Contracts

HOLLY ENERGY PARTNERS, L.P. LONG-TERM INCENTIVE PLAN PHANTOM UNIT AGREEMENT (Employee)
Phantom Unit Agreement • November 5th, 2020 • Holly Energy Partners Lp • Pipe lines (no natural gas) • Texas

This Agreement is made and entered into as of the Date of Grant set forth in the Notice of Grant of Phantom Units (“Notice of Grant”) by and between Holly Logistic Services, L.L.C. (the “Company”), and you.

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HOLLY ENERGY PARTNERS, L.P. LONG-TERM INCENTIVE PLAN PERFORMANCE UNIT AGREEMENT
Performance Unit Agreement • November 5th, 2020 • Holly Energy Partners Lp • Pipe lines (no natural gas) • Texas

This Performance Unit Agreement (the “Agreement”) is made and entered into by and between Holly Logistic Services, L.L.C., a Delaware limited liability company (the “Company”), and you. This Agreement is entered into as of the ___ day of _________, 2020 (the “Date of Grant”).

HOLLY ENERGY PARTNERS, L.P. LONG-TERM INCENTIVE PLAN PHANTOM UNIT AGREEMENT (Non-Employee Director Award)
Phantom Unit Agreement • November 5th, 2020 • Holly Energy Partners Lp • Pipe lines (no natural gas) • Texas

This Agreement is made and entered into as of the Date of Grant set forth in the Notice of Grant of Phantom Units (“Notice of Grant”) by and between Holly Logistic Services, L.L.C. (the “Company”), and you.

HOLLY ENERGY PARTNERS, L.P. LONG-TERM INCENTIVE PLAN NOTICE OF GRANT OF PHANTOM UNITS (Non-Employee Director Award)
Phantom Unit Agreement • November 5th, 2020 • Holly Energy Partners Lp • Pipe lines (no natural gas)

Pursuant to the terms and conditions of the Holly Energy Partners, L.P. Long-Term Incentive Plan (the “Plan”), and the associated Phantom Unit Agreement (Non-Employee Director Award) which has been made separately available to you (your “Agreement”), you are hereby issued Units subject to certain restrictions thereon and under the conditions set forth in this Notice of Grant of Phantom Units (the “Notice”), in the Agreement, and in the Plan (the “Phantom Units”). Capitalized terms used but not defined herein shall have the meanings set forth in the Plan or your Agreement. You may obtain a copy of the Plan and a copy of the prospectus related to the Units by following the instructions attached as Appendix A. Additionally, you may request a copy of the Plan or the prospectus by contacting Cara Whitesel at Cara.Whitesel@hollyfrontier.com or 214.954.6530.

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