AIRCRAFT TIME SHARING AGREEMENT
This Aircraft Time Sharing Agreement (the “Agreement”) is entered into as of December 10, 2007 (the “Effective Date”), by
and between NUSTAR LOGISTICS, L.P., a Delaware limited partnership (“NuStar”), and WILLIAM E. GREEHEY, an individual
residing in the State of Texas (“Time Share Lessee”).
NOW, THEREFORE, NuStar and Time Share Lessee, in consideration of the promises of the other set forth herein,
intending to be legally bound, hereby agree as follows:
“Agreement” is defined in the preamble.
“Aircraft” means the Airframe, the Engines, and the Aircraft Documents. Such Engines shall be deemed part of
the “Aircraft” whether or not from time to time attached to the Airframe or removed from the Aircraft.
“Aircraft Documents” means, as to the Aircraft, all flights, records, maintenance records, historical records,
modification records, overhaul records, manuals, logbooks, authorizations, drawings and data relating to the
Airframe, any Engine or any Part, that are required by Applicable Law to be created or maintained with respect to
the maintenance and/or operation of the Aircraft.
“Airframe” means the Airframe described in Schedule 1 attached hereto and made a part hereof, as the same may
be amended from time to time as set forth below, together with
any and all Parts (including, but not limited to, landing gear and auxiliary power units, but excluding Engines or
engines) so long as such Parts shall be either incorporated or installed in or attached to the Airframe.
“Applicable Law” means, without limitation, all applicable laws, treaties, international agreements, decisions and
orders of any court, arbitration or governmental agency or authority and rules, regulations, orders, directives,
licenses and permits of any governmental body, instrumentality, agency or authority, including, without limitation,
the FAR and 49 U.S.C. § 41101, et seq., as amended.
“Business Day” means Monday