UNDERWRITING AGREEMENTUnderwriting Agreement • December 3rd, 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 2,000,000 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 300,000 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. It is understood and agreed that this Agreement amends, restates and replaces in its entirety the Underwriting Agreement, dated November 28, 2007, among the parties hereto for the purchase of 1,500,000 LP Units.
