Document:

EXHIBIT  10.30

AMENDED AND RESTATED UNIT
AGREEMENT

 

THIS AMENDED AND RESTATED UNIT AGREEMENT (this “Agreement”)
is made as of August 9, 2006, by and among Buckeye GP Holdings L.P., a Delaware
limited partnership (the “Partnership”), and Robert B. Wallace (“Executive”).  Certain definitions are set forth in Section
5 of this Agreement.

WHEREAS, pursuant to the terms of an Amended &
Contribution, Conveyance and Assumption Agreement, dated as of the date hereof
(the “Contribution Agreement”), the Partnership shall issue to Executive
11,263 Common Units on the terms and subject to the conditions set forth herein
and in the Contribution Agreement;

WHEREAS, in accordance with past practice, Executive
shall continue to be an employee of, and receive benefits through, Buckeye Pipe
Line Services Company (“Services”).  For purposes of this Agreement, Executive’s
employment by, and provision of services to, Services shall be deemed the
employment by, and provision of services to, the Partnership; and

WHEREAS, in consideration of Executive’s continued
employment by the Partnership or one or more Subsidiaries or Affiliates of the
Partnership and the contribution of Class B Units in MainLine L.P., a Delaware
limited partnership (“MainLine”), to the Partnership pursuant to the
Contribution Agreement, the Partnership shall issue to the Executive, 136,200
Management Units in the Partnership to the Executive.

NOW, THEREFORE, in consideration of the mutual
covenants contained herein and other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the parties to this
Agreement, intending to be legally bound, hereby agree as follows:

1.             Issuance of Executive Units.

(a)           Upon the closing of
the transactions contemplated in the Contribution Agreement the Partnership
will issue 11,263 Common Units and 136,200 Management Units to Executive, in
consideration of the contributions set forth in the Contribution Agreement and
Executive’s continued performance as an employee of the Partnership or one or more
Subsidiaries or Affiliates of the Partnership. 
The Management Units acquired pursuant to this Section 1(a) shall be subject to the vesting
schedule set forth in Section 2
below.

(b)           In connection with
the acquisition of the Executive Units hereunder, Executive represents and
warrants to the Partnership:

(i)            The Executive Units to be acquired
by Executive pursuant to this Agreement will be acquired for Executive’s own
account and not with a view to, or intention of, distribution thereof in
violation of the Securities Act, or any applicable state securities laws, and
the Executive Units will not be disposed of in contravention of the Securities
Act or any applicable state securities laws.

 

(ii)           Executive is an executive officer of
the Partnership or a Subsidiary or Affiliate thereof, is sophisticated in
financial matters and is able to evaluate the risks and benefits of decisions
respecting the investment in the Executive Units.

(iii)          Executive is able to bear the economic
risk of his investment in the Executive Units for an indefinite period of time
because the Executive Units have not been registered under the Securities Act,
and, therefore, cannot be sold unless subsequently registered under the
Securities Act or an exemption from such registration is available.

(iv)          Executive has had an opportunity to
ask questions and receive answers concerning the terms and conditions of the
offering of the Executive Units and has had full access to such other
information concerning the Partnership as he, she or it has requested.

(v)           Executive has received and read a
copy of the Partnership Agreement.  This
Agreement, the Partnership Agreement, the Contribution Agreement and each of
the other agreements contemplated hereby and thereby constitute the legal,
valid and binding obligation of Executive, enforceable in accordance with their
terms, and the execution, delivery and performance of this Agreement, the
Partnership Agreement, the Contribution Agreement and the other agreements
contemplated hereby and thereby by Executive do not and will not conflict with,
violate or cause a breach of any agreement, contract or instrument to which
Executive is a party or any judgment, order or decree to which Executive is
subject or create any conflict of interest with the Partnership, any Affiliate
thereof, or its or their present or former customers.

(vi)          Executive is a resident of the State
of New Jersey.

(c)           As an inducement to
the Partnership to issue the Executive Units to Executive, and as a condition
thereto, Executive acknowledges and agrees that:

(i)            neither the issuance of the
Executive Units to Executive nor any provision contained herein shall entitle
Executive to remain in the employment of the Partnership and its Subsidiaries
or Affiliates or affect the right of the Partnership to terminate Executive’s
employment at any time; and

(ii)           Executive has read and understands Exhibit A attached hereto, setting forth
certain risks associated with Executive’s acquisition of the Executive Units.

(d)           Upon Executive’s
receipt of Executive Units, Executive will execute and deliver to the
Partnership a joinder agreement to the Partnership Agreement in the form of Exhibit B attached hereto.

2.             Vesting of Management Units.

(a)           70% of the
Management Units shall be vested upon the date hereof.  The remaining 30% of the Management Units
will become vested in accordance with the following 

 2
 

schedule, if
as of each such date the Executive is still employed by the Partnership or any
of its Subsidiaries or Affiliates:

	
  Date

  	
   

  	
  Percentage of Management Units to

  be Vested

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  May 4, 2007

  	
   

  	
  10

  	
  %

  
	
  May 4, 2008

  	
   

  	
  10

  	
  %

  
	
  May 4, 2009

  	
   

  	
  10

  	
  %

  
	
   

  	
   

  	
   

  	
   

  

If Executive ceases to be employed by the Partnership
or any of its Subsidiaries or Affiliates at any time after the date hereof all
vesting shall cease.  If Executive ceases
to be employed by the Partnership or any of its Subsidiaries at or Affiliates
other than on a date set forth above, then a portion of the 10% subject to
vesting on the next May 4th will vest, determined on a pro-rata basis according to the number of days that
have elapsed since the prior anniversary date set forth in the table above
immediately preceding the date of termination of Executive’s employment.

(b)           Upon the occurrence
of a Sale of the Partnership, all unvested Management Units, other than any
unvested Management Units with respect to which a Repurchase Notice or
Supplemental Repurchase Notice has been delivered to Executive if Executive is
no longer employed by the Partnership or any of its Subsidiaries or Affiliates
at such time, shall become vested at the time (and immediately prior to the
consummation) of such event.

(c)           Common Units and the
Management Units which have become vested pursuant to the above schedules are
referred to herein as “Vested Units,” and all other Executive Units are
referred to herein as “Unvested Units.”

3.             Forfeiture. 
In the event Executive ceases to be employed by the Partnership or any
of its Subsidiaries or Affiliates for any reason (a “Termination”), any
unvested Management Units shall be forfeited.

4.             Restrictions on Transfer of Executive Units;
Registration of Units.

(a)           Retention of Executive Units.  Executive (and any other holder of Executive
Units) shall not Transfer any interest in any Executive Units, except pursuant
to, and to the extent otherwise permitted by the Partnership Agreement and
applicable law, and in compliance with the additional restrictions set forth in
this Section 4.

 

(b)           Additional Restrictions on Certain
Permitted Transfers.  Executive may
Transfer Executive Units pursuant only in accordance with the terms of the
Partnership Agreement; provided that Executive may only transfer
unvested Management Units only for estate planning purposes and if the
transferee or transferees of such unvested Management Units shall have agreed
in writing to be bound by the terms and conditions of this Agreement (as it
relates to the Management Units) and to execute and deliver to the Partnership
(x) an 

 3
 

acknowledgment
that such prospective transferee shall be bound by the provisions of this
Agreement relating to Executive Units, and (y) an acknowledgment that such
prospective transferee shall be bound by the restrictions and conditions herein
and therein; provided, further, that the additional restrictions set
forth in the foregoing proviso shall cease to apply when such unvested
Management Units become vested.

(c)           Termination of
Additional Restrictions.  The
additional restrictions on the Transfer of Executive Units set forth in this Section
4 will terminate on a Sale of the
Partnership to the extent not previously terminated in accordance with the
terms hereof.

(d)           Legend.  The certificates representing the Executive
Units, to the extent certificated, will bear a legend in substantially the
following form:

“THIS SECURITY HAS
NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
ACT”), AND MAY NOT BE OFFERED OR SOLD, UNLESS IT HAS BEEN REGISTERED UNDER THE
SECURITIES ACT OR UNLESS AN EXEMPTION FROM REGISTRATION IS AVAILABLE (AND, IN
SUCH CASE, AN OPINION OF COUNSEL REASONABLY SATISFACTORY TO THE PARTNERSHIP
SHALL HAVE BEEN DELIVERED TO THE PARTNERSHIP TO THE EFFECT THAT SUCH OFFER OR
SALE IS NOT REQUIRED TO BE REGISTERED UNDER THE SECURITIES ACT).  THIS SECURITY IS SUBJECT TO CERTAIN
RESTRICTIONS ON TRANSFER SET FORTH IN THE FIRST AMENDED AND RESTATED AGREEMENT
OF LIMITED PARTNERSHIP  OF THE PARTNERSHIP
DATED AS OF                        ,
2006, AS AMENDED, A COPY OF WHICH MAY BE OBTAINED FROM THE PARTNERSHIP AT ITS
PRINCIPAL EXECUTIVE OFFICES.”

(e)           Holdback
Agreement.  Each holder of Executive
Units shall not effect any sale or distribution (including sales pursuant to
Rule 144 promulgated under the Securities Act) of equity securities of the
Partnership or its Subsidiaries, or any securities convertible into or
exchangeable or exercisable for such securities, during the period designated
by the managing underwriters before and after any underwritten registered
public offering of the Partnership’s or any of its Subsidiaries’ securities,
unless the underwriters managing the registered public offering and the
Partnership otherwise agree.

(f)            Registration
Rights Under Partnership Agreement. 
All holders of Executive Units, to the extent such holders are
Affiliates (as defined in the Partnership Agreement), Initial Limited Partners
(as defined in the Partnership Agreement) or their transferees, are entitled to
the benefits of Section 7.13 of the Partnership Agreement.

5.             Certain Definitions.

“Affiliate” of any particular person or entity
means any other person or entity controlling, controlled by or under control
with such particular person or entity. 
For purposes of this Agreement, Services is deemed to be an Affiliate of
the Partnership.

 4
 

 

“Common Units” means the Common Units of the
Partnership as defined in the Partnership Agreement.

 “Executive
Units” means all Common Units and Management Units acquired by Executive
hereunder and under the Contribution Agreement. 
“Executive Units” will continue to be Executive Units in the hands of
any holder other than Executive (except for the Partnership and transferees in
a Public Sale), and except as otherwise provided herein or in the Partnership
Agreement, each such other holder of Executive Units will succeed to all rights
and obligations attributable to Executive as a holder of Executive Units
hereunder.  Executive Units will also
include units of the Partnership issued with respect to Executive Units by way
of a unit split, dividend, exchange or other recapitalization.  Notwithstanding the foregoing, all Unvested
Units shall remain Unvested Units after any Transfer thereof, to the extent any
Transfer is permitted hereunder.

“General Partner” means the Partnership’s
general partner pursuant to the terms of the Partnership Agreement.

“Management Units” means the Management Units
of the Partnership as defined in the Partnership Agreement.

“Partnership Agreement” means the Amended and
Restated Agreement of Limited Partnership of the Partnership, to be dated as of
the closing of the Offering (as defined in the Contribution Agreement), a form
of which has been delivered to the Executive, as amended from time to time in
accordance with its terms.

“Person” means an individual, a partnership, a
limited liability company, a corporation, an association, a joint stock
company, a trust, a joint venture, an unincorporated organization and a
governmental entity or any department, agency or political subdivision thereof.

“Public Offering” means the sale in an
underwritten public offering registered under the Securities Act of any of the Partnership’s
securities  approved by the General
Partner.

“Public Sale” means (i) any sale pursuant to a
registered public offering under the Securities Act or (ii) any sale to the
public pursuant to Rule 144 promulgated under the Securities Act effected through
a broker, dealer or market maker.

“Sale of the Partnership” means the sale of the
Partnership to a third party or group of third parties acting in concert,
pursuant to which such party or parties acquire (i) all or substantially all of
the equity securities of the Partnership or (ii) all or substantially all of
the Partnership’s assets determined on a consolidated basis (in either case,
whether by merger, consolidation, recapitalization, transfer of equity
securities or otherwise); provided that, in any event, the term “Sale of
the Partnership” shall include Carlyle/Riverstone BPL Holdings II, L.P. (“C/R”)
as of the date hereof and its Permitted Transferees (as defined in the
partnership agreement of MainLine as in effect on the date hereof) collectively
ceasing to hold at least 20% of the Common Units held by C/R as of the date
hereof; and provided  further that the term “Sale of the
Partnership” shall not include a Public Offering, or any sale of equity or debt
securities by the Partnership in a private or public offering to other
investors selected by the General Partner.

 5
 

 

“Securities Act” means the Securities Act of
1933, as amended from time to time.

“Securities and Exchange Commission” shall
include any successor thereto.

“Subsidiary” means, with respect to any Person,
any corporation, limited liability Partnership, partnership, association or
other business entity of which (i) if a corporation, a majority of the
total voting power of shares of stock entitled (without regard to the occurrence
of any contingency) to vote in the election of directors, managers or trustees
thereof is at the time owned or controlled, directly or indirectly, by that
Person or one or more of the other Subsidiaries of that Person or a combination
thereof, or (ii) if a limited liability company, partnership, association
or other business entity (other than a corporation), a majority of the
partnership or other similar ownership interest thereof is at the time owned or
controlled, directly or indirectly, by any Person or one or more Subsidiaries
of that Person or a combination thereof. 
For purposes hereof, a Person or Persons shall be deemed to have a
majority ownership interest in a limited liability company, partnership,
association or other business entity if such Person or Persons shall be
allocated a majority of limited liability company, partnership, association or
other business entity gains or losses or shall be or control any general
partner or other Person or board with authority to direct the management of
such limited liability company, partnership, association or other business
entity.  References to a Subsidiary of
any Person shall only be given effect at such times that such Person has one or
more Subsidiaries and, unless otherwise indicated, the term “Subsidiary”
refers to a Subsidiary of the Partnership.

“Transfer” means to sell, transfer, assign,
pledge or otherwise dispose of (whether with or without consideration and
whether voluntarily or involuntarily or by operation of law).

6.             Notices.  All notices, demands or other communications
to be given or delivered under or by reason of the provisions of this Agreement
shall be in writing and shall be deemed to have been given when (a) delivered
personally to the recipient, (b) telecopied to the recipient (with hard copy
sent to the recipient by reputable overnight courier service (charges prepaid)
that same day) if telecopied before 5:00 p.m. Central time on a Business Day,
and otherwise on the next Business Day, or (c) one Business Day after being
sent to the recipient by reputable overnight courier service (charges prepaid)
or mailed to the recipient by certified or registered mail, return receipt
requested and postage prepaid.  Such
notices, demands and other communications shall be sent to the Partnership and
to the Executive at the address(es) indicated below:

	
  If to the
  Partnership:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  5002 Buckeye
  Road

  	
   

  	
   

  
	
  Emmaus, PA 18049

  	
   

  	
   

  
	
    Attention:  General
  Counsel

  	
   

  	
   

  
	
  Telephone:

  	
   

  	
   

  
	
  Facsimile:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  If to Executive:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  [                       ]

  	
   

  	
   

  
	
  [                       ]

  	
   

  	
   

  

 

 6
 

 

or to such other address(es) or to the attention of
such other person as the recipient party has specified by prior written notice
to the sending party.

7.             General Provisions.

(a)           Transfers in
Violation of Agreement.  Any Transfer
or attempted Transfer of any Executive Units in violation of any provision of
this Agreement or the Partnership Agreement shall be void, and the Partnership
shall not record such Transfer on its books or treat any purported transferee
of such Executive Units as the owner of such units for any purpose.

(b)           Severability.  Whenever possible, each provision of this
Agreement will be interpreted in such manner as to be effective and valid under
applicable law, but if any provision of this Agreement is held to be invalid,
illegal or unenforceable in any respect under any applicable law or rule in any
jurisdiction, such invalidity, illegality or unenforceability will not affect
any other provision or any other jurisdiction, but this Agreement will be
reformed, construed and enforced in such jurisdiction as if such invalid,
illegal or unenforceable provision had never been contained herein.

(c)           Complete
Agreement.  This Agreement, those
documents expressly referred to herein and other documents of even date
herewith embody the complete agreement and understanding among the parties and
supersede and preempt any prior understandings, agreements or representations
by or among the parties, written or oral, which may have related to the subject
matter hereof in any way.

(d)           Counterparts.  This Agreement may be executed in separate
counterparts, each of which is deemed to be an original and all of which taken
together constitute one and the same agreement.

(e)           Successors and
Assigns.  Except as otherwise provided
herein, this Agreement shall bind and inure to the benefit of and be
enforceable by Executive, the Partnership and their respective successors and
assigns (including subsequent holders of Executive Units); provided that
the rights and obligations of Executive under this Agreement shall not be
assignable except (with respect to his interest as a member only) in connection
with a permitted transfer of Executive Units hereunder.

(f)            Choice of Law.  All issues and questions concerning the
construction, validity and interpretation of this Agreement and the exhibits
hereto will be governed by and construed in accordance with the internal laws
of the State of Delaware, without giving effect to any choice of law or
conflict of law provisions (whether of the State of Delaware, or any other
jurisdictions) that would cause the applications of the laws of any
jurisdiction other than the State of Delaware.

(g)           Remedies.  Each of the parties to this Agreement will be
entitled to enforce its rights under this Agreement specifically, to recover
damages and costs (including attorney’s fees) caused by any breach of any
provision of this Agreement and to exercise all other rights existing in its
favor.  The parties hereto agree and
acknowledge that money damages 

 7
 

may not be an
adequate remedy for any breach of the provisions of this Agreement and that any
party may in its sole discretion apply to any court of law or equity of
competent jurisdiction (without posting any bond or deposit) for specific
performance and/or other injunctive relief in order to enforce or prevent any
violations of the provisions of this Agreement.

(h)           Amendment and
Waiver.  The provisions of this
Agreement may be amended and waived only with the prior written consent of the
Partnership and Executive.

(i)            No Waiver.  A waiver by any party hereto of any right or
remedy hereunder on any one occasion shall not be construed as a bar to any
right or remedy which the Partnership would otherwise have on any future
occasion.  No failure to exercise nor any
delay in exercising on the part of any party hereto, any right, power or
privilege hereunder shall preclude any other or further exercise thereof or the
exercise of any other right, power or privilege.  The rights and remedies herein provided are
cumulative and may be exercised singly or concurrently, and are not exclusive
of any rights or remedies provided by law.

(j)            Offset.  Whenever the Partnership or any of its
Subsidiaries or Affiliates is to pay any sum to Executive or any Affiliate or
related person thereof, any amounts that such Executive or such Affiliate or
related person owes to the Partnership or any of its Subsidiaries or Affiliates
may be deducted from that sum before payment. 
Whenever Executive or any Affiliate or related person thereof is to pay
any sum to the Partnership or any of its Subsidiaries or Affiliates, any
amounts that the Partnership or such Subsidiary or Affiliate owes to the
Executive or any of its Affiliates or related person may be deducted from that
sum before payment.

(k)           Business Days.  If any time period for giving notice or
taking action hereunder expires on a day which is a Saturday, Sunday or holiday
in the state in which the Partnership’s chief executive office is located, the
time period shall be automatically extended to the business day immediately
following such Saturday, Sunday or holiday.

(l)            Further
Assurances.  Executive shall execute
and deliver all documents, provide all information, and take or refrain from
taking such actions as may be necessary or appropriate to achieve the proposes
of this Agreement.

(m)          Generally Accepted
Accounting Principles; Adjustments of Numbers.  Where any accounting determination or
calculation is required to be made under this Agreement or the exhibits hereto,
such determination or calculation (unless otherwise provided) shall be made in
accordance with generally accepted accounting principles, consistently applied,
except that if because of a change in generally accepted accounting principles
the Partnership would have to alter a previously utilized accounting method or
policy in order to remain in compliance with generally accepted accounting
principles, such determination or calculation shall continue to be made in
accordance with the Partnership’s previous accounting methods and policies.  All numbers set forth herein which refer to
unit prices or amounts will be appropriately adjusted to reflect unit splits,
dividends, combinations of units and other recapitalizations affecting the
subject class of membership interests.

(n)           Descriptive
Headings; Interpretation.  The
descriptive headings of this Agreement are inserted for convenience only and do
not constitute a substantive part of this 

 8
 

Agreement.  Whenever required by the context, any pronoun
used in this Agreement shall include the corresponding masculine, feminine or
neuter forms, and the singular form of nouns, pronouns and verbs shall include
the plural and vice versa.  The use of
the word “including” in this Agreement shall be by way of example rather than
by limitation.  Reference to any
agreement, document or instrument means such agreement, document or instrument
as amended or otherwise modified from time to time in accordance with the terms
thereof, and if applicable hereof. 
Without limiting the generality of the immediately preceding sentence,
no amendment or other modification to any agreement, document or instrument
that requires the consent of any Person pursuant to the terms of this Agreement
or any other agreement will be given effect hereunder unless such Person has consented
in writing to such amendment or modification. 
The use of the words “or,” “either” and “any” shall not be exclusive.

*           *           *           *           *

 9
 

 

IN WITNESS WHEREOF, the parties hereto have executed
this Unit Agreement on the date first written above.

 

	
  

  	
   

  	
  BUCKEYE
  GP HOLDINGS L.P.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By: MainLine Management LLC,

  
	
   

  	
   

  	
  its General Partner

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Stephen
  C. Muther

  
	
   

  	
   

  	
  Name:     Stephen
  C. Muther

  
	
   

  	
   

  	
  Title:       Senior
  Vice President —  

  
	
   

  	
   

  	
  Administration,
  General Counsel and

  
	
   

  	
   

  	
  Secretary

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  /s/ Robert B.
  Wallace

  
	
   

  	
   

  	
  Robert B. Wallace

  

 

Signature Page — Amended and
Restated Unit Agreement

 10

Exhibit A

RISK FACTORS

Executive should carefully consider the risk factors
set forth below as well as the other information contained in information
provided to Executive and the risk factors disclosed in the public filings of
the Partnership before acquiring the securities offered pursuant to this
Agreement.  Executive should understand
that the risk factors disclosed in the public filings of the Partnership
regarding the Common Units also apply to the Management Units.  The risks described below are not the only
risks we face.  Any of the following
risks or those disclosed in the public filings of the Partnership or Buckeye
Partners, L.P. could materially adversely affect our business, financial
condition or results of operations. 
Additional risks and uncertainties not currently known to us or that we
currently deem to be immaterial may also materially and adversely affect our
business operations.  In such case,
Executives may lose all or part of their original investment.

There is
no public market for Management Units: none of the Executive Units have been
registered; and there are restrictions on resale of Executive Units.

No public market currently exists for the Management
Units, nor can there be any assurance that a market will develop in the
foreseeable future.  The Executive Units
are being offered as a private placement to a limited number of investors and
will not be registered under the Securities Act of 1933, as amended (the “Securities
Act”), or the securities laws of any state or foreign jurisdiction, and may not
be sold or transferred without compliance with all applicable federal, state,
and foreign securities laws, including first being registered under the
Securities Act or being transferred in another private transaction exempt from
registration.  Additionally, the
Agreement and the Partnership Agreement will impose restrictions on the
transfer of the Executive Units. 
Executive should be prepared to hold these securities indefinitely and
cannot expect to be able to liquidate their investment even in the case of an
emergency.  Certificates (if any)
evidencing the Executive Units will state that such shares have not been
registered under the Securities Act of 1933, as amended, and are subject to
restrictions on transferability.  Neither
the Securities and Exchange Commission nor any state or foreign securities
commission has reviewed or passed upon the accuracy or adequacy of any
information being provided to Executive or the merits of the issuance described
in the Agreement.

A
percentage of the Management Units you will acquire will be subject to vesting.

A percentage of the Management Units will be subject
to vesting and forfeiture on the date that you shall cease to be an employee
for any reason.  In particular,
Management Units that have not vested will be forfeited after the date that you
shall cease to be an employee for any reason.

The Executive
Units may be diluted by future issuances of equity securities by the
Partnership.

The Partnership may from time to time offer additional
equity securities to existing Partners or to third parties, thereby diluting
the interest of existing Partners in their investments.  Although any such new equityholders may be
required to make capital contributions to acquire

 A-1
 

such equity, there can be no assurance that this
contribution will reflect the fair value of the Partnership at the time of such
contributions.  Executives will not have
a preemptive right with respect to their holdings of  Executive Units.

Executive may face tax issues as a result of
their investment.

Upon conversion of Management Units into Common Units
pursuant to the terms of the Partnership Agreement, Executive will be allocated
a sufficient amount of the Partnership’s income in order to bring the Executive’s
capital account in respect of the converted Management Units to the same level
as all other Common Units.  Executive may
be required to pay taxes on the allocated income.  Executive should consult with Executive’s own
tax advisor.

 A-2

Exhibit B

FORM OF JOINDER AGREEMENT

Effective upon the execution hereof and the closing of
the Offering, the undersigned hereby agrees to become a party to that certain
Limited Partnership Agreement of Buckeye GP Holdings L.P., a Delaware limited
partnership, dated as of the closing of the Offering, as amended from time to
time, by and among each of the partners from time to time a party thereto (the “Limited
Partnership Agreement”).  The
undersigned, by executing this joinder agreement, shall be entitled to all of
the rights and subject to all of the obligations of a Limited Partner, to the
extent of the undersigned’s ownership of Common Units and Management Units
under the Limited Partnership Agreement.

	
  Date:                                    ,
  2006

  
	
   

  
	
   

  	
   

  
	
   

  	
  Robert B. Wallace

  
			

 

 B-1Exhibit
10.1

NON-COMPETITION,
NON-DISCLOSURE AND INTELLECTUAL PROPERTY ASSIGNMENT AGREEMENT

This Non-competition, Non-disclosure and
Intellectual Property Assignment Agreement (the “Agreement”)
entered into as of March 24, 2007, is hereby made by and between BECKMAN
COULTER,INC., a Delaware corporation (the “Company”) and, BIOSITE
INCORPORATED, a Delaware corporation (the “Employer”), on the one hand, and Kim
Blickenstaff, an individual, who is a
resident of and employed in the State of California  (“Employee”), on the other hand.

A.                                   The
Company, Employer, and Louisiana Acquisition Sub, Inc., a wholly-owned
subsidiary of the Company, are entering into an Agreement and Plan of Merger
dated as of March 24, 2007 (the “Merger Agreement”), which provides for
the acquisition of Employer by the Company, upon which Employer would become a
wholly owned subsidiary of the Company;

B.                                     Employee,
Beckman and Employer desire to enter into this Agreement in connection with the
transactions contemplated by the Merger Agreement, contingent and effective
upon the Effective Time (as defined in the Merger Agreement);

C.                                     Employee
is the owner of 241,946 shares of Common Stock of Employer and has options to
purchase 437,811 shares of Common Stock of Employer, and thereby stands to benefit
by, and receive consideration from, the transactions contemplated by the Merger
Agreement.

D.                                    Contingent
and effective upon the Effective Time, Employee will become employed by
Employer.

E.                                      Beckman
and Employer desire to protect their interest in the business acquired,
including the goodwill of that business, from unfair competition or
misappropriation of the intellectual property of the business.

NOW, THEREFORE, in consideration of the mutual covenants and agreements
hereinafter set forth, the parties agree as follows:

1.                                       Assignment
of Intellectual Property Rights.

(a)                                  Definition of “Inventions.” 
As used herein, the term “Inventions” shall mean all inventions,
discoveries, improvements, original works of authorship, trade secrets,
formulas, techniques, data, programs, systems, specifications, documentation,
algorithms, flow charts, logic diagrams, source codes, object codes, processes,
and other technical, business, product, marketing or financial information,
plans, or other subject matter pertaining to the Company, Employer or any of
their respective parents, subsidiaries, affiliates, customers, consultants or
licensees, whether or not patented, tested, reduced to practice, or subject to
patent, trademark, copyright, trade secret, mask work or other forms of
protection (including 

all rights to obtain,
register, perfect, renew, extend, continue, divide and enforce these
proprietary interests), which are made, created, authored, conceived, modified,
enhanced or reduced to practice by Employee, either alone or jointly with
others, during Employee’s employment with Employer or the Company or any of
their respective parents, subsidiaries or affiliates, and for so long as
Employee is otherwise employed by any of them, whether or not during normal
working hours, which (A) relate to the actual or anticipated business,
activities, research, or investigations of Employer or the Company or any of
their respective subsidiaries or affiliates or (B) result from or are
suggested by work performed by Employee for Employer or the Company or any of
their respective parents, subsidiaries or affiliates (whether or not made or
conceived during normal working hours or on the premises of Employer), or
(C) which result, to any extent, from use of the time, material, proprietary
information, premises or property of Employer or the Company or any of their
respective parents, subsidiaries or affiliates.

(b)                                 Work for Hire. 
Subject to Section 1(d), Employee expressly acknowledges that all
copyrightable aspects of the Inventions are to be considered “works made for
hire” within the meaning of the Copyright Act of 1976, as amended (the “Act”),
and that Employer is to be the “author” within the meaning of such Act for all
purposes.  All such copyrightable works,
as well as all copies of such works in whatever medium fixed or embodied, shall
be owned exclusively by Employer as of its creation, and Employee hereby
expressly disclaims any and all interest in any of such copyrightable works and
waives any right of droit morale or similar
rights.

(c)                                  Assignment.  Subject
to Section 1(d), Employee acknowledges and agrees that all Inventions shall be
the sole property of Employer or any other entity designated by Employer.  Employee hereby conveys and irrevocably
assigns to Employer, without further consideration, all his right, title and
interest in and to, and all claims for past infringement of, all Inventions,
including, with respect to any of the foregoing, all rights of copyright,
patent, trademark, trade secret, mask works, and any and all other proprietary
rights therein, the right to modify and create derivative works, the right to
invoke the benefit of any priority under any international convention, and all
rights to register and renew same.  This
assignment is intended to and does extend to Inventions which have not yet been
created.

(d)                                 Exceptions. 
Notwithstanding the foregoing, and provided that Employee does not
wrongfully misappropriate any Confidential Information or Trade Secrets,
Employee understands that the provisions of this Agreement requiring disclosure
and assignment of Inventions to Employer do not apply to any invention which
qualifies under the provisions of California Labor Code Section 2870 set forth
in Schedule A or any similar law 

 2
 

applicable to Employer or
Employee.  Employee agrees to identify
all Inventions made by Employee that Employee believes meet the criteria of
California Labor Code Section 2870 to Employer in confidence to permit a
determination as to whether or not the Inventions are the property of Employer,
and Employee agrees to disclose all information Employer reasonably requests
about Inventions, including those Employee contends qualify under this
exception to his duty to assign Inventions. “Trade Secrets” shall mean
the whole or any portion or phase of any plan, technique, method, design,
process, procedure, or improvement of Employer, the Company or any of their
respective affiliates or subsidiaries that is valuable and not generally known
to Competitors, whether or not in written or tangible form.  Trade Secrets shall not include any materials
or information that is or becomes publicly known through no fault of Employee
or is disclosed by the Company to third parties without an obligation of
confidentiality.

(e)                                  Proprietary Notices; No Filings; Waiver of Moral Rights.  Employee acknowledges that subject to Section
1(d), all Inventions shall, at the sole option of Employer, bear Employer’s
patent, copyright, trademark, trade secret, and mask work notices.  Subject to Section 1(d), Employee agrees not
to file any patent, copyright, or trademark applications relating to any
Invention, except with the prior written consent of an authorized
representative of the Company.  Subject
to Section 1(d), Employee hereby expressly disclaims any and all interest in
any Inventions and waives any right of droit morale or similar rights, such as
rights of integrity or the right to be attributed as the creator of the
Invention.

(f)                                    Further Assurances. 
Employee agrees to assist Employer, or any party designated by Employer,
promptly on Employer’s reasonable request and at Employer’s expense, whether
before or after the termination of employment, however such termination may
occur, in perfecting, registering, maintaining, and enforcing, in any
jurisdiction, Employer’s rights in the Inventions by performing all acts and
executing all documents and instruments deemed necessary or convenient by
Employer, including, by way of illustration and not limitation:

(i)                                     Executing
assignments, applications, and other documents and instruments in connection
with (A) obtaining patents, copyrights, trademarks, mask works, or other
proprietary protections for the Inventions and (B) confirming the
assignment to Employer of all right, title, and interest in the Inventions or
otherwise establishing Employer’s exclusive ownership rights therein.

(ii)                                  Cooperating
in the prosecution of patent, copyright, trademark and mask work applications,
as well as in the enforcement of Employer’s rights in the Inventions,
including, but not limited to, 

 3
 

testifying in court or
before any patent, copyright, trademark or mask work registry office or any
other administrative body.

Employee shall be reimbursed for all out-of-pocket
costs incurred in connection with the foregoing, if such assistance is
requested by Employer.  In addition, to
the extent that, after the termination of employment for whatever reason,
Employee’s technical expertise shall be required in connection with the
fulfillment of the aforementioned obligations, Employer shall compensate
Employee at a reasonable rate for the time actually spent by Employee at
Employer’s request rendering such assistance.

(g)                                 Power of Attorney. 
Subject to Section 1(d), Employee hereby irrevocably appoints Employer
to be his attorney-in-fact to execute any document and to take any action in
his name and on his behalf solely for the purpose of giving to Employer the
full benefit of the assignment provisions set forth above to the extent that
after reasonable effort by Employer, Employee does not comply with his obligations
set forth in this Section 1.

(h)                                 Disclosure of Inventions. 
Subject to Section 1(d), Employee shall make full and prompt disclosure
to Employer of all Inventions subject to assignment to Employer and all
information relating thereto in Employee’s possession or under his control as
to possible applications and use thereof.

2.                                       Non-Disclosure
of Confidential Information, Exclusive Services/Non-Competition and
Non-Solicitation.

(a)                                  Confidentiality. 
Employee acknowledges that in his employment with Employer or the
Company he will occupy a position of trust and confidence.  Employee shall not, except as may be required
in the normal course of business to perform his duties hereunder or as required
by applicable law, without limitation in time or until such information shall
have become public other than by Employee’s unauthorized disclosure, disclose
to others or use, whether directly or indirectly, any Confidential
Information.  “Confidential
Information” shall mean confidential or proprietary information about
Employer, or the Company, or their respective subsidiaries or affiliates, or
their respective clients and customers, that is not disclosed by Employer for
financial reporting purposes and that was learned by Employee in the course of
his employment by Employer or the Company, or their respective parents,
subsidiaries or affiliates (or during any period in which Employee performed
services for or on behalf of Employer), including (without limitation) any
proprietary knowledge, trade secrets, data, formulae, information and client
and customer lists and all papers, resumes, and records (including computer
records) of the documents containing such Confidential 

 4
 

Information.  Employee acknowledges that such Confidential
Information is specialized, unique in nature and of great value to Employer,
its subsidiaries or affiliates, and that such information gives Employer a
competitive advantage.  Employee agrees
to (i) deliver or return to Employer, at Employer’s request at any time or
upon termination or expiration of his employment or as soon thereafter as
possible, (A) all documents, computer tapes and disks, records, lists,
data, drawings, prints, notes and written information (and all copies thereof)
furnished by Employer, its subsidiaries or affiliates, or prepared by Employee
for so long as Employee is employed by Employer, its subsidiaries or
affiliates, and (B) subject to Section 1(d), all notebooks and other data
relating to research or experiments or other work conducted by Employee in the
scope of his employment or any Inventions made, created, authored, conceived,
or reduced to practice by Employee, either alone or jointly with others, and
(ii) subject to Section 1(d), make full disclosure relating to any
Inventions.  If Employee would like to
keep certain property, such as material relating to professional societies or
other non-confidential material, upon the termination of employment with
Employer, he agrees to discuss such issues with Employer. Where such a request
does not put Confidential Information at risk, such request shall not be
unreasonably denied.

(b)                                 Exclusive Services/Non-Competition.  Employee acknowledges that the Employer and
the Company do business throughout the world, that he is disposing of his
entire interest in Employer, and that he will have access to Confidential
Information of Employer and the Company. 
In order to protect Employer’s and the Company’s interest in its
Confidential Information and goodwill, for the greater of: (1) the period that
Employee is employed by Employer, the Company, or their respective parents,
subsidiaries or affiliates; or (2) two (2) years following the Effective Time
(the “Restricted Period”), Employee shall not, anywhere in the world,
directly or indirectly, without the prior written consent of Employer:

(i)                                     perform
some or all of the duties assigned to Employee during his employment with
Employer or any of its parents, subsidiaries or affiliates, with or without
pay, for his own account or that of any business, individual, partner, firm,
corporation, or other entity, whether as an employee, consultant, owner,
manager, operator, stockholder, member, partner, lender or otherwise, to the
extent Employee or such other business, individual, partner, firm, corporation
or other entity is then a Competitor (as defined herein) of Employer or the
Company, or any of their respective parents, subsidiaries or affiliates.  For purposes of this Agreement, a “Competitor”
is any person or entity engaged in the design, development, manufacture and
world wide sale of automated and manual in vitro diagnostic products for drug
testing, cardiovascular diseases, cerebrovascular diseases and thromboebolic
diseases (the “Biosite Business”); or

 5
 

(ii)                                  perform
any services, with or without pay, for his own account or that of any business,
individual, partner, firm, corporation, or other entity, whether as an
employee, consultant, owner, manager, operator, stockholder, member, partner,
lender or otherwise, to the extent Employee or such other business, individual,
partner, firm, corporation or other entity is then a Competitor of Employer or
the Company, or any of their respective subsidiaries or affiliates, with
respect to the Biosite Business.

Employee and Employer acknowledge and agree that the
business of Employer is global in nature, and that the terms set forth herein
shall apply on a worldwide basis.

Employee acknowledges that during the period of his
employment with Employer, the Company and their respective parents,
subsidiaries and affiliates, he will owe a duty of loyalty to his employer,
and, consequently, understands and agrees that he will not perform any
services, with or without pay, for his own account or that of any business,
individual, partner, firm, corporation, or other entity, whether as an
employee, consultant, owner, manager, operator, stockholder, member, partner,
lender or otherwise, to the extent Employee or such other business, individual,
partner, firm, corporation or other entity is then a Competitor of Employer or
the Company, or any of their respective parents, subsidiaries or affiliates,
with respect to any business then engaged in by the Employer, the Company or
any of their respective parents, subsidiaries or affiliates.

Notwithstanding the foregoing, the “beneficial
ownership” by Employee, either individually or as a member of a “group,” as
such terms are used in Regulation 13D of the General Rules and Regulations
under the Securities Exchange Act of 1934, as amended (the “Exchange Act”),
of not more than five percent (5%) of the voting stock of any publicly held
corporation shall not constitute a violation of this Agreement.

In addition, notwithstanding the foregoing, continued
service by Employee during the Restricted Period as a member of the board of
directors and/or as a scientific, clinical, technical or strategic advisor to
any business, firm, corporation or other entity for which Employee is providing
such services as of the date of this Agreement shall not constitute a violation
of this Section 2(b).

(c)                                  Non-Solicitation of Customers and Suppliers.  During the Restricted Period, Employee shall
not, directly or indirectly, use any Confidential Information to influence or
attempt to influence customers or suppliers of Employer or the Company, or any
of their respective subsidiaries or affiliates, with whom he had contact during
his employment with Employer, the Company or any of their respective
affiliates, to divert their 

 6
 

business to any
Competitor.  During the Restricted
Period, Employee shall not directly or indirectly, use influence or attempt to
influence customers or suppliers of Employer or the Company, or any of their
respective subsidiaries or affiliates, with whom he had contact during his
employment with Employer, the Company or any of their respective affiliates, to
divert their business to any Competitor with respect to the Biosite Business.

(d)                                 Non-Solicitation of Employees.  Employee recognizes that he possesses and
will possess confidential information about other employees of Employer and the
Company, and their respective parents, subsidiaries and affiliates, relating to
their education, experience, skills, abilities, compensation and benefits, and
inter-personal relationships with customers of Employer, the Company, and any
of their respective parents, subsidiaries and affiliates.  Employee recognizes that the information he
possesses and will possess about these other employees is not generally known,
is of substantial value to Employer and the Company, and their respective
subsidiaries or affiliates in developing their business and in securing and
retaining customers, and has been and will be acquired by him because of his
business position with Employer, its subsidiaries and affiliates.  Employee agrees that, during the Restricted
Period, he will not, directly or indirectly, use Confidential Information of
Employer or the Company, or any of their respective subsidiaries or affiliates
to solicit, directly or indirectly, any person who is then an employee of
Employer, the Company or any of their respective parents, subsidiaries or affiliates
to terminate or limit their employment relationship with Employer, the Company
or any of their respective parents, subsidiaries or affiliates, or to accept
employment with any other person or entity. 
The foregoing shall not be violated by general advertising not targeted
at Employer employees or by Employee’s responding in any lawful manner to any
person that initiates contact with Employee during the Restricted Period.

(e)                                  Injunctive Relief.  It
is expressly agreed that Employer and/or the Company will or would suffer
irreparable injury if Employee were to breach any of the provisions of this
Section 2 and that Employer and/or the Company would by reason of any such
breach be entitled to injunctive relief in a court of appropriate jurisdiction
without the need to post a bond or other security and without the need to
demonstrate special damages.  The
aforementioned injunctive relief is and shall be in addition to any other
remedies that may be available to Employer or the Company, or any of their respective
subsidiaries or affiliates under this Agreement or otherwise.

(f)                                    Survival of Provisions. 
The obligations contained in this Section 2 shall survive the
termination or expiration of Employee’s employment with Employer, the Company
or any of their respective parents, subsidiaries or affiliates, and shall be
fully enforceable thereafter in the case of the 

 7
 

obligations contained in
Section 2(a) and through the end of the Restricted Period in all other
cases.  If it is determined by a court of
competent jurisdiction in any state that any restriction in this Section 2
is excessive in duration or scope or is unreasonable or unenforceable under the
laws of that state, it is the intention of the parties that such restriction
may be modified or amended by the court to render it enforceable to the maximum
extent permitted by the law of that state.

(g)                                 No Additional Obligations of Employee Excused.  All of the provisions of this Section 2 are
in addition to any other written agreements on the subjects covered herein that
Employee may have with Employer and/or any of its subsidiaries or affiliates,
and are not meant to and do not excuse any additional obligations that Employee
may have under such agreements.

(h)                                 Tolling for Periods of Breach.  The Restricted Period shall be extended for a
period equal to any period during which Employee is in material breach of this
Section 2 with respect to the portion of this Section 2 as to which Employee is
in breach, provided that within a reasonable period of time after becoming
aware of the breach, the Company and/or Employer notifies Employee that it
believes Employee is in breach of this Section 2.

(i)                                     Third-Party Beneficiaries. 
Employer’s parents, subsidiaries and affiliates, and the Company, and
its parents, subsidiaries and affiliates shall be third-party beneficiaries of
this Section 2 of this Agreement, and shall be entitled to enforce its
provisions against Employee.

(j)                                     Termination of Obligations. 
Notwithstanding anything to the contrary set forth herein, Employee’s
obligations under Sections 2(b), 2(c) and 2(d) shall immediately terminate and
be of no further force or effect if the Company fails to make the payments to
Employee required under Employer’s Change in Control Severance Benefit Plan,
and fails to cure within thirty (30) days following receipt of written notice
from Employee of its failure to pay.

3.                                       Cooperation
in Third-Party Disputes.  Employee
shall reasonably cooperate with Employer or the Company, or any of their
respective subsidiaries or affiliates and each of their respective attorneys or
other legal representatives (collectively referred to as “Attorneys”) in
connection with any claim, litigation, or judicial or arbitral proceeding which
is now pending or may hereinafter be brought against Employer or the Company,
or any of their respective subsidiaries or affiliates by any third party
related to the period of Employee’s employment with Employer.  Employee’s duty of cooperation shall include,
but shall not be limited to, (a) meeting with Attorneys by telephone or in
person at mutually convenient times and places in order to state truthfully
Employee’s knowledge of the matters at issue and recollection of events; (b)
appearing at Attorneys’ request (and, to the extent reasonably possible, at a
time convenient to Employee that does not conflict with the needs or
requirements of Employee’s then current employer) as a 

 8
 

witness at depositions,
trials or other proceedings, without the necessity of a subpoena, in order to
state truthfully Employee’s knowledge of the matters at issue; and (c) signing
at Attorneys’ request declarations or affidavits that truthfully state the
matters of which Employee has knowledge. 
Employer shall promptly reimburse Employee for Employee’s actual and
reasonable travel and other out-of-pocket expenses that Employee may incur in
cooperating with Attorneys pursuant to this Section 3. In addition, to the
extent that, after the termination of Employee’s employment for any reason,
Employee provides cooperation pursuant to this Section 3, Employer shall, upon
Employee request, compensate Employee at a reasonable rate for the time
actually spent by Employee at Employer’s request rendering such cooperation.
The provisions of this Section 3 are in addition to any other written agreements
on this subject that Employee may have with Employer or the Company, or any of
their respective subsidiaries or affiliates and are not meant to and do not
excuse any additional obligations that Employee may have under such agreements.

4.                                       Effect
on Change in Control Severance Benefit Plan.  Employee hereby agrees that the execution of
this Agreement and the application of the terms hereof shall not in any event
constitute “Good Reason” as such term is defined in the Biosite Incorporated
Change in Control Severance Benefit Plan effective October 22, 2004.  Employee hereby waives any claims to the
contrary.

5.                                       Notices.  All notices, demands, requests, consents,
statements, satisfactions, waivers, designations, refusals, confirmations,
denials and other communications that may be required or otherwise provided for
or contemplated hereunder shall be in writing and shall be deemed to be
properly given and received (a) upon delivery, if delivered in person or by
e-mail or facsimile transmission with receipt acknowledged, (b) one business
day after having been deposited for overnight delivery with Federal Express or
another comparable overnight courier service, or (c) three (3) business days
after having been deposited in any post office or mail depository regularly
maintained by the U.S. Postal Service and sent by registered or certified mail,
postage prepaid, addressed to his residence address (or such other address as
Employee may specify in a written notice to Employer) in the case of Employee,
or to its principal office in the case of Employer.

6.                                       Benefits/Assignment.  This Agreement shall inure to the benefit of
and shall be binding upon the parties hereto and their respective successors
and assigns, heirs and legal representatives.  
Employee may not assign any of his obligations under this agreement to
any other person or entity without the prior written consent of Employer and
the Company.

7.                                       Entire
Agreement.  This Agreement and the
Merger Agreement contain the entire agreement of the parties, and supersedes
all prior agreements, understandings and negotiations, whether written or oral,
with respect to the subject matter hereof. This Agreement may not be changed
orally but only by an agreement in writing signed by the party against whom
enforcement of any waiver, change, modification, extension, or discharge is
sought.

 9
 

8.                                       Severability.  Any provision of this Agreement that is
prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction,
be ineffective to the extent of such prohibition or unenforceability without
invalidating the remaining provisions hereof, but shall be enforced to the
maximum extent permitted by law, and any such prohibition or unenforceability
in any jurisdiction shall not invalidate or render unenforceable such provision
in any other jurisdiction.

9.                                       Arbitration.  To the fullest extent allowed by law, any
controversy, claim or dispute between Employee and Employer (and/or any of its
owners, directors, officers, employees, affiliates, subsidiaries or agents)
relating to or arising out of Employee’s employment or the cessation of that
employment will be submitted to JAMS for final and binding arbitration, to be
held in Orange County, California, for determination in accordance with the
then current JAMS rules for the resolution of employment disputes, as the
exclusive remedy for such controversy, claim or dispute.  In any such arbitration, the parties may
conduct discovery in accordance with the applicable rules of the arbitration
forum, except that the arbitrator shall have the authority to order and permit
discovery as the arbitrator may deem necessary and appropriate in accordance
with applicable state or federal discovery statutes.  The arbitrator shall issue a reasoned,
written decision, and shall have full authority to award all remedies which
would be available in court.  The
arbitrator will also have the power to direct that the party that substantially
prevails in such arbitration proceeding be paid his or its reasonable attorneys’
fees by the other party or parties, to the extent the arbitrator deems
appropriate.  The parties shall share the
filing fees required for the arbitration. 
Employer shall pay the arbitrator’s fees and any JAMS administrative
expenses.  The award of the arbitrator
shall be final and binding upon the parties and may be entered as a judgment in
any court of competent jurisdiction. 
Notwithstanding anything to the contrary contained herein, Employer and
Employee shall have their respective rights to seek and obtain injunctive
relief through any court of competent jurisdiction with respect to any
controversy, claim or dispute to the extent permitted by law if such relief is
not available, or not available in a timely manner, through arbitration.  Claims where mandatory arbitration is
prohibited by law are not covered by this arbitration agreement, and such
claims may be presented by either Employee or Employer to the appropriate court
or government agency.  BY AGREEING TO
THIS BINDING ARBITRATION PROVISION, BOTH EMPLOYEE AND EMPLOYER GIVE UP ALL
RIGHTS TO TRIAL BY JURY WITH RESPECT TO ANY CLAIM SUBJECT TO ARBITRATION.  This arbitration agreement is to be construed
as broadly as is permissible under applicable law.

 10
 

10.                                 Choice
of Law.  This Agreement shall be
interpreted in accordance with the laws of the State of California without
regard to the rules of conflict of laws.

11.                                 Counterparts;
Facsimile.  This Agreement may be
executed in one or more counterparts, each of which shall be deemed an
original, but all of which together shall constitute one and the same
instrument.  Each counterpart may consist
of a number of copies hereof each signed by less than all, but together signed
by all of the parties hereto.  Facsimile
transmission of any signed original counterpart and/or retransmission of any
signed facsimile transmission shall be deemed the same as the delivery of an
original.

12.                                 Effectiveness
of Agreement.  Notwithstanding
anything to the contrary set forth herein, this Agreement shall be contingent
and effective upon the occurrence of the Effective Time, and if the Effective
Time does not occur, including as a result of the termination of the Merger
Agreement in accordance with its terms, this Agreement shall have no effect,
and shall be null and void.

[signature page follows]

 11

IN WITNESS
WHEREOF, the parties have executed this Agreement as of the date first above
written.

	
  

  	
  BECKMAN COULTER, INC.

  
	
   

  	
  A Delaware corporation

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Arnold A. Pinkston

  	
   

  
	
   

  	
  Name: Arnold A. Pinkston

  
	
   

  	
  Title:  Senior
  Vice President, 

  General Counsel and Secretary

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  BIOSITE INCORPORATED

  
	
   

  	
  A Delaware corporation

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Chris Twomey

  	
   

  
	
   

  	
  Name: Chris Twomey

  
	
   

  	
  Title: SVP, Finance, CFO and Secretary

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  KIM BLICKENSTAFF

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  /s/ Kim Blickenstaff

  	
   

  
						

 

 

Signature Page
to Non-Competition, Non-Disclosure and Intellectual Property Assignment
Agreement

 

SCHEDULE
A

CALIFORNIA LABOR CODE SECTION 2870

INVENTION ON OWN TIME-EXEMPTION FROM AGREEMENT

“(a)                            Any
provision in an employment agreement which provides that an employee shall
assign, or offer to assign, any of his or her rights in an invention to his or
her employer shall not apply to an invention that the employee developed
entirely on his or her own time without using the employer’s equipment, supplies,
facilities, or trade secret information except for those inventions that
either:

(1)                                  Relate
at the time of conception or reduction to practice of the invention to the
employer’s business, or actual or demonstrably anticipated research or
development of the employer; or

(2)                                  Result
from any work performed by the employee for the employer.

(b)                                 To
the extent a provision in an employment agreement purports to require an
employee to assign an invention otherwise excluded from being required to be
assigned under subdivision (a), the provision is against the public policy of
this state and is unenforceable.”

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