350,000,000 NUSTAR LOGISTICS, L.P. Subordinated Notes due 2043 guaranteed by NuStar Energy L.P. and NuStar Pipeline Operating Partnership L.P. UNDERWRITING AGREEMENTUnderwriting Agreement • January 17th, 2013 • NuStar Energy L.P. • Pipe lines (no natural gas) • New York
NuStar Logistics, L.P., a Delaware limited partnership (“NuStar Logistics”), proposes to issue and sell $350,000,000 aggregate principal amount of its 7.625% Fixed-to-Floating Rate Subordinated Notes due 2043 (the “Firm Notes”) to the underwriters (the “Underwriters”) named in Schedule I attached to this agreement (this “Agreement”), to be issued under an indenture to be dated as of the Initial Delivery Date (as defined in Section 3 hereof) (the “Base Indenture”), among NuStar Logistics, as issuer, NuStar Energy L.P., a Delaware limited partnership (the “Partnership”), and NuStar Pipeline Operating Partnership L.P., a Delaware limited partnership (“NuPOP”), as guarantors, and Wells Fargo Bank, National
