UNDERWRITING AGREEMENTUnderwriting Agreement • August 6th, 2007 • Buckeye Partners L P • Pipe lines (no natural gas) • New York
Buckeye Partners, L.P., a Delaware limited partnership (the “Partnership”), proposes to sell 2,500,000 units representing limited partner interests in the Partnership (the “Firm Units”). In addition, the Partnership proposes to grant Lehman Brothers Inc. (the “Underwriter”) an option to purchase up to 375,000 additional units representing limited partner interests in the Partnership (the “Option Units”) on the terms set forth in Section 2 hereof. The units representing limited partner interests in the Partnership are hereinafter collectively called the “LP Units.” The Firm Units and the Option Units, if purchased, are hereinafter collectively called the “Units.” This is to confirm the agreement concerning the purchase of the Units from the Partnership by the Underwriter.
