Release of Subsidiary Guarantee Sample Contracts

RELEASE OF SUBSIDIARY GUARANTEE
Release of Subsidiary Guarantee • February 24th, 2016 • HollyFrontier Corp • Petroleum refining

This Release of Subsidiary Guarantee (this “Agreement”) is entered into as of December 29, 2015, by and among HollyFrontier Corporation, a Delaware corporation (the “Borrower”) and MUFG Union Bank, N.A. (f/k/a Union Bank, N.A.), as administrative agent under the Credit Agreement referred to below (the “Administrative Agent”).

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