BUCKEYE PARTNERS, L.P. Units Representing Limited Partner Interests UNDERWRITING AGREEMENTUnderwriting Agreement • March 24th, 2008 • Buckeye Partners L P • Pipe lines (no natural gas) • New York
Buckeye Partners, L.P., a Delaware limited partnership (the “Partnership”), proposes to sell 2,300,000 units representing limited partner interests in the Partnership (the “Firm Units”) to the Underwriters named in Schedule 1 attached hereto (the “Underwriters”), for whom Lehman Brothers Inc. and UBS Securities LLC are acting as representatives (the “Representatives”). In addition, the Partnership proposes to grant to the Underwriters an option to purchase up to 345,000 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 Underwriters.
