Document:

EX-4.1

 Exhibit 4.1 
  

 
  

BUCKEYE PARTNERS, L.P. 

Issuer 
 and 

BRANCH BANKING AND TRUST COMPANY 

Trustee 
 TWELFTH
SUPPLEMENTAL INDENTURE 
 Dated as of November 20, 2017 

To 
 INDENTURE 

Dated as of July 10, 2003 

4.125% NOTES DUE 2027 
  

 
  

 TABLE OF CONTENTS 

 

					
	 	  	Page	 
	 ARTICLE 1 Relation to Indenture; Definitions
	  	 	2	 
	 SECTION 1.01. Relation to Indenture.
	  	 	2	 
	 SECTION 1.02. Definitions.
	  	 	2	 
	 SECTION 1.03. General References.
	  	 	2	 
		
	 ARTICLE 2 The Series of Securities
	  	 	2	 
	 SECTION 2.01. The Form and Title of the Securities.
	  	 	2	 
	 SECTION 2.02. Amount.
	  	 	2	 
	 SECTION 2.03. Stated Maturity.
	  	 	3	 
	 SECTION 2.04. Interest and Interest Rates.
	  	 	3	 
	 SECTION 2.05. Place of Payment.
	  	 	3	 
	 SECTION 2.06. Optional Redemption.
	  	 	3	 
	 SECTION 2.07. Special Mandatory Redemption.
	  	 	3	 
	 SECTION 2.08. Defeasance and Discharge; Covenant Defeasance.
	  	 	3	 
	 SECTION 2.09. Global Securities.
	  	 	3	 
		
	 ARTICLE 3 Events of Default
	  	 	4	 
	 SECTION 3.01. Additional Event of Default.
	  	 	4	 
		
	 ARTICLE 4 Covenants
	  	 	4	 
	 SECTION 4.01. Additional Covenant.
	  	 	4	 
		
	 ARTICLE 5 Miscellaneous
	  	 	5	 
	 SECTION 5.01. Certain Trustee Matters.
	  	 	5	 
	 SECTION 5.02. Continued Effect.
	  	 	5	 
	 SECTION 5.03. Governing Law.
	  	 	5	 
	 SECTION 5.04. Counterparts.
	  	 	5	 
		
	EXHIBITS	  			
		
	Exhibit A: Form of Note	  			

 TWELFTH SUPPLEMENTAL INDENTURE, dated as of November 20, 2017 (this “Twelfth
Supplemental Indenture”), between BUCKEYE PARTNERS, L.P., a Delaware limited partnership (the “Partnership”), having its principal office at 1 Greenway Plaza, Suite 600, Houston, Texas 77056,
and Branch Banking and Trust Company, a bank organized and existing under the laws of the state of North Carolina, as trustee under the Original Indenture referred to below and this Twelfth Supplemental Indenture (in such capacity, the
“Trustee”). 
 RECITALS OF THE PARTNERSHIP 

WHEREAS, the Partnership and the Trustee have heretofore entered into an Indenture, dated as of July 10, 2003 with SunTrust Bank (the
“Original Indenture”), which has been amended and supplemented by the First Supplemental Indenture thereto dated as of July 10, 2003 (the “First Supplemental Indenture”), the Second Supplemental Indenture
thereto dated as of August 19, 2003 (the “Second Supplemental Indenture”), the Third Supplemental Indenture thereto dated as of October 12, 2004 (the “Third Supplemental Indenture”), the Fourth
Supplemental Indenture thereto dated as of June 30, 2005 (the “Fourth Supplemental Indenture”), the Fifth Supplemental Indenture thereto dated as of January 11, 2008 (the “Fifth Supplemental Indenture”),
the Sixth Supplemental Indenture thereto dated as of August 18, 2009 (the “Sixth Supplemental Indenture”), the Seventh Supplemental Indenture thereto dated as of January 13, 2011 (the “Seventh Supplemental
Indenture”), the Eighth Supplemental Indenture thereto dated as of June 10, 2013 (the “Eighth Supplemental Indenture”), the Ninth Supplemental Indenture thereto dated as of November 14, 2013 (the “Ninth
Supplemental Indenture”), the Tenth Supplemental Indenture thereto dated as of September 12, 2014 (the “Tenth Supplemental Indenture”), and the Eleventh Supplemental Indenture thereto dated as of November 7, 2016
(the “Eleventh Supplemental Indenture”) (the Original Indenture, as supplemented from time to time, including without limitation pursuant to the First Supplemental Indenture, the Second Supplemental Indenture, the Third Supplemental
Indenture, the Fourth Supplemental Indenture, the Fifth Supplemental Indenture, the Sixth Supplemental Indenture, the Seventh Supplemental Indenture, the Eighth Supplemental Indenture, the Ninth Supplemental Indenture, the Tenth Supplemental
Indenture, the Eleventh Supplemental Indenture and this Twelfth Supplemental Indenture, being referred to herein as the “Supplemented Indenture”); and 

WHEREAS, under the Original Indenture, a new series of Securities may at any time be established by the Board of Directors of Buckeye GP LLC,
the Partnership’s general partner (the “General Partner”), in accordance with the provisions of the Original Indenture, and the terms of such series may be established by a supplemental indenture executed by the General Partner
on behalf of the Partnership and by a Trustee; and 
 WHEREAS, the Partnership proposes to create under the Indenture a new series of
Securities; and 
 WHEREAS, all acts and things necessary to make the Notes (as herein defined), when executed by the General Partner on
behalf of the Partnership and authenticated and delivered by the Trustee as provided in the Original Indenture and this Twelfth Supplemental Indenture (collectively, the “Indenture”), the valid and binding obligations of the
Partnership and to make this Twelfth Supplemental Indenture a valid and binding agreement in accordance with the Original Indenture have been done or performed; 

 NOW, THEREFORE, in consideration of the premises, agreements and obligations set forth herein and
for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree, for the equal and proportionate benefit of all Holders of the Notes, as follows: 

ARTICLE 1 

RELATION TO INDENTURE; DEFINITIONS 

SECTION 1.01. Relation to Indenture.  

With respect to the Notes, this Twelfth Supplemental Indenture constitutes an integral part of the Indenture. 

SECTION 1.02. Definitions.  

For all purposes of this Twelfth Supplemental Indenture, capitalized terms used herein and not otherwise defined herein shall have the meanings
assigned thereto in the Original Indenture. 
 SECTION 1.03. General References.  

All references in this Twelfth Supplemental Indenture to Articles and Sections, unless otherwise specified, refer to the corresponding Articles
and Sections of this Twelfth Supplemental Indenture; and the term “herein”, “hereof”, “hereunder” and any other word of similar import refers to this Twelfth Supplemental Indenture. 

ARTICLE 2 

THE SERIES OF SECURITIES 

SECTION 2.01. The Form and Title of the Securities. 

There is hereby established a new series of Securities to be issued under the Indenture and to be designated as the Partnership’s 4.125%
Notes due 2027 (the “Notes”). The Notes shall be substantially in the form attached hereto as Exhibit A, with such appropriate insertions, omissions, substitutions and other variations as are required or
permitted by the Indenture, and may have such letters, numbers or other marks of identification and such legends or endorsements placed thereon as the Partnership may deem appropriate or as may be required or appropriate to comply with any laws or
with any rules made pursuant thereto or with the rules of any securities exchange or automated quotation system on which the Notes may be listed or traded, or to conform to general usage, or as may, consistently with the Indenture, be determined by
the officers executing such Notes, as evidenced by their execution thereof. 
 The Notes shall be executed, authenticated and delivered in
accordance with the provisions of, and shall in all respects be subject to, the terms, conditions and covenants of the Original Indenture as supplemented by this Twelfth Supplemental Indenture (including the form of Note set forth hereto as
Exhibit A (the terms of which are incorporated in and made a part of this Twelfth Supplemental Indenture for all intents and purposes)). 

SECTION 2.02. Amount. 

The aggregate principal amount of the Notes which may be authenticated and delivered pursuant hereto is unlimited. The Trustee shall initially
authenticate and deliver the Notes for original issue in an initial aggregate principal amount of up to $400,000,000, upon delivery to the Trustee of a Partnership Order for the authentication and delivery of such Notes. The aggregate principal
amount of the Notes to be issued hereunder may be increased at any time hereafter and the series may be reopened for issuances of additional Notes, upon Partnership Order without the consent of any Holder. The Notes issued on the date hereof and any
such additional Notes that may be issued hereafter shall be part of the same series of Securities for all purposes under the Indenture. 

  
 2 

 SECTION 2.03. Stated Maturity. 

The Notes may be issued on any Business Day on or after November 20, 2017, and the Stated Maturity of the Notes shall be December 1,
2027. 
 SECTION 2.04. Interest and Interest Rates.  

The rate or rates at which the Notes shall bear interest, the date or dates from which such interest shall accrue, the Interest Payment Dates
on which any such interest shall be payable and the Regular Record Date for any interest payable on any Interest Payment Date, in each case, shall be as set forth in the form of Note set forth as Exhibit A hereto. 

SECTION 2.05. Place of Payment. 

As long as any Notes are outstanding, the Partnership shall maintain an office or agency in the Borough of Manhattan, The City of New York,
where the Notes may be presented for payment. 
 SECTION 2.06. Optional Redemption. 

At its option, the Partnership may redeem the Notes, in whole or in part, in principal amounts of $1,000 or any integral multiple thereof, at
any time or from time to time prior to the date that is three months prior to maturity, at the applicable redemption price determined as set forth in the form of Note attached hereto as Exhibit A, in accordance with the terms set forth in the
Notes and in accordance with Article XI of the Original Indenture. 
 At any time on or after the date that is three months prior to
maturity, the Partnership may redeem the Notes, in whole or from time to time in part, at its option, at a redemption price equal to one hundred percent (100%) of the principal amount of the Notes to be redeemed on that redemption date plus accrued
and unpaid interest thereon to, but excluding, the date of redemption. 
 SECTION 2.07. Special Mandatory
Redemption. 
 Upon the occurrence of certain events specified in the form of Note attached hereto as Exhibit A, the
Partnership will become obligated to redeem all of the issued and outstanding Notes as a whole, at the Redemption Price set forth in the form of Note in accordance with the terms set forth in the Notes, and, to the extent not inconsistent with such
terms, in accordance with Article XI of the Original Indenture. 
 SECTION 2.08. Defeasance and Discharge; Covenant
Defeasance. 
 Article XIII of the Original Indenture shall apply to the Notes. 

SECTION 2.09. Global Securities. 

The Notes shall initially be issuable in whole or in part in the form of one or more Global Securities. Such Global Securities (i) shall
be deposited with, or on behalf of, the Depository Trust Company, New York, New York, which shall act as Depositary with respect to the Notes, (ii) shall bear the legends applicable to Global Securities set forth in Sections 2.02 and 2.04 of
the Original Indenture, (iii) may be exchanged in whole or in part for Securities in definitive form upon the terms and subject to the conditions provided in Section 3.05 of the Original Indenture and in this Twelfth Supplemental Indenture
and (iv) shall otherwise be subject to the applicable provisions of the Indenture. 

  
 3 

 ARTICLE 3 

EVENTS OF DEFAULT 

SECTION 3.01. Additional Event of Default. 

With respect to the Notes, the occurrence of any of the following events shall, in addition to the other events or circumstances described as
Events of Default in Section 5.01 of the Original Indenture, constitute an Event of Default: default under any mortgage, indenture or instrument under which there may be issued or by which there may be secured or evidenced any Indebtedness of
the Partnership or any of its Subsidiaries (or the payment of which is guaranteed by the Partnership or any of its Subsidiaries), whether such Indebtedness or guarantee now exists or is created after the date of issuance of any Notes, if
(a) that default (x) is caused by a failure to pay principal of or premium, if any, or interest on such Indebtedness prior to the expiration of any grace period provided in such Indebtedness (a “Payment Default”), or
(y) results in the acceleration of the maturity of such Indebtedness to a date prior to its originally stated maturity, and, (b) in each case described in clauses (x) or (y) above, the principal amount of any such Indebtedness,
together with the principal amount of any other such Indebtedness under which there has been a Payment Default or the maturity of which has been so accelerated, aggregates $50,000,000 or more. 

ARTICLE 4 

COVENANTS 

SECTION 4.01. Additional Covenant. 

The covenant contained in this Section 4.01 shall apply to the Notes only and not to any other series of Securities issued under the
Indenture, and is being included solely for the benefit of the Notes and the Holders thereof. This covenant shall be effective only for so long as there remain Outstanding any Notes. 

SEC Reports; Financial Statements. 

(1)    Whether or not the Partnership is then subject to the reporting requirements of Section 13 or
15(d) of the Exchange Act, from and after the Issue Date of the Notes, the Partnership shall electronically file with the Commission, so long as the Notes are Outstanding, the annual, quarterly and other periodic reports that the Partnership is
required to file (or would otherwise be required to file) with the Commission pursuant to Sections 13 and 15(d) of the Exchange Act, and such documents shall be filed with the Commission on or prior to the respective dates (the “Required
Filing Dates”) by which the Partnership is required to file (or would otherwise be required to file) such documents, unless, in each case, such filings are not then permitted by the Commission. 

(2)    If such filings are not then permitted by the Commission, or such filings are not generally
available on the Internet free of charge, from and after the Issue Date of the Notes, the Partnership shall provide the Trustee with, and the Trustee, at the Partnership’s expense, will mail to any Holder of Notes requesting in writing to the
Trustee copies of, such annual, quarterly and other periodic report specified in Sections 13 and 15(d) of the Exchange Act within 15 days after its Required Filing Date; provided, however, the Trustee shall have no liability whatsoever with
respect to the mailing and delivery of such reports to the Holders. 
 (3)    The Partnership shall
provide the Trustee with a sufficient number of copies of all reports and other documents and information that the Trustee may be required to deliver to Holders of Notes under clause (2) of this Section 4.01, along with written notice from
the Partnership to the Trustee of the Required Filing Date for such documents. 

  
 4 

 (4)    Delivery of such reports, information and documents to
the Trustee is for informational purposes only and the Trustee’s receipt of such shall not constitute constructive notice of any information contained therein or determinable from information contained therein, including the Partnership’s
compliance with any of its covenants hereunder (as to which the Trustee is entitled to rely exclusively on Officers’ Certificates). 

ARTICLE 5 

MISCELLANEOUS 

SECTION 5.01. Certain Trustee Matters.  

The recitals contained herein shall be taken as the statements of the Partnership, and the Trustee assumes no responsibility for their
correctness. 
 The Trustee makes no representations as to the validity or sufficiency of the Original Indenture, this Twelfth Supplemental
Indenture or the Notes or the proper authorization or the due execution hereof or thereof by the Partnership. 
 Except as expressly set
forth herein, nothing in this Twelfth Supplemental Indenture shall alter the duties, rights or obligations of the Trustee set forth in the Original Indenture. 

The Trustee makes no representation or warranty as to the validity or sufficiency of the information contained in the prospectus supplement
related to the Notes, except such information which specifically pertains to the Trustee itself, or any information incorporated therein by reference. 

SECTION 5.02. Continued Effect.  

Except as expressly supplemented and amended by this Twelfth Supplemental Indenture, the Original Indenture (as supplemented and amended by the
First Supplemental Indenture, the Second Supplemental Indenture, the Third Supplemental Indenture, the Fourth Supplemental Indenture, the Fifth Supplemental Indenture, the Sixth Supplemental Indenture, the Seventh Supplemental Indenture, the Eighth
Supplemental Indenture, the Ninth Supplemental Indenture, the Tenth Supplemental Indenture and the Eleventh Supplemental Indenture) shall continue in full force and effect in accordance with the provisions thereof, and the Original Indenture (as
supplemented and amended by the First Supplemental Indenture, the Second Supplemental Indenture, the Third Supplemental Indenture, the Fourth Supplemental Indenture, the Fifth Supplemental Indenture, the Sixth Supplemental Indenture, the Seventh
Supplemental Indenture, the Eighth Supplemental Indenture, the Ninth Supplemental Indenture, the Tenth Supplemental Indenture, the Eleventh Supplemental Indenture and this Twelfth Supplemental Indenture) is in all respects hereby ratified and
confirmed. This Twelfth Supplemental Indenture and all its provisions shall be deemed a part of the Original Indenture in the manner and to the extent herein and therein provided. 

SECTION 5.03. Governing Law.  

This Twelfth Supplemental Indenture and the Notes shall be governed by and construed in accordance with the laws of the State of New York. 

SECTION 5.04. Counterparts.  

This instrument may be executed in any number of counterparts, each of which shall be deemed to be an original, but all such counterparts shall
together constitute but one and the same instrument. 
 [Remainder of Page Intentionally Left Blank] 

  
 5 

 IN WITNESS WHEREOF, the parties hereto have caused this Twelfth Supplemental Indenture to be duly
executed and delivered, all as of the day and year first above written. 
  

			
	BUCKEYE PARTNERS, L.P.
		
	By:	 	BUCKEYE GP LLC
		 	its General Partner
		
	By:	 	 /s/ Keith E. St.Clair

	Name:	 	Keith E. St.Clair
	Title:	 	Executive Vice President and Chief Financial Officer
	
	 Branch Banking and Trust Company,

as Trustee

		
	By:	 	 /s/ Gregory Yanok

	Name:	 	Gregory Yanok
	Title:	 	Authorized Officer

 Signature Page to Twelfth Supplemental Indenture 

 EXHIBIT A 

[FORM OF FACE OF NOTE] 
 [If a Global
Security, insert—THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE THEREOF. THIS SECURITY MAY NOT BE TRANSFERRED TO, OR REGISTERED OR
EXCHANGED FOR SECURITIES REGISTERED IN THE NAME OF, ANY PERSON OTHER THAN THE DEPOSITARY OR A NOMINEE THEREOF AND NO SUCH TRANSFER MAY BE REGISTERED, EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. EVERY SECURITY AUTHENTICATED AND
DELIVERED UPON REGISTRATION OF TRANSFER OF, OR IN EXCHANGE FOR OR IN LIEU OF, THIS SECURITY SHALL BE A GLOBAL SECURITY SUBJECT TO THE FOREGOING, EXCEPT IN SUCH LIMITED CIRCUMSTANCES. 

UNLESS THIS SECURITY IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION, TO THE PARTNERSHIP OR ITS AGENT
FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY SECURITY ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (AND ANY PAYMENT IS MADE
TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE
REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.] 
 BUCKEYE PARTNERS, L.P. 

4.125% Notes due 2027 
  

			
	No.                    	  	U.S.$            

 CUSIP No. 118230 AR2 

BUCKEYE PARTNERS, L.P., a Delaware limited partnership (herein called the “Partnership”, which term includes any successor
Person under the Indenture hereinafter referred to), for value received, hereby promises to pay to CEDE & CO., or registered assigns, the principal sum of
                     HUNDRED MILLION United States Dollars on December 1, 2027, and to pay interest thereon from November 20, 2017, or from
the most recent Interest Payment Date to which interest has been paid or duly provided for, semi-annually on June 1 and December 1 in each year, commencing on June 1, 2018 at the rate of 4.125% per annum, until the principal hereof is
paid or made available for payment and at the rate of 4.125% per annum on any overdue principal and premium and on any overdue installment of interest. The amount of interest payable for any period shall be computed on the basis of twelve 30-day months and a 360-day year. The amount of interest payable for any partial period shall be computed on the basis of a 360-day
year of twelve 30-day months and the days elapsed in any partial month. In the event that any date on which interest is payable on this Security is not a Business Day, then a payment of the interest payable on
such date will be made on the next succeeding day which is a Business Day (and without any interest or other payment in respect of any such delay) with the same force and effect as if made on the date the payment was originally payable. A
“Business Day” shall mean, when used with respect to any Place of Payment, each Monday, Tuesday, Wednesday, Thursday and Friday which is not a day on which banking institutions in that Place of Payment are authorized or obligated by
law, executive order or regulation to close. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in such Indenture, be paid to the Person in whose name this Security (or one or more
Predecessor Securities) is registered at the close of business on the “Regular Record Date” for such interest, which shall be the May 15 or November 15 (whether or not a Business Day), as the case may be, next preceding
such Interest Payment Date. Any such interest not so punctually paid or duly provided for shall forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to the Person in whose name this Security (or one or more
Predecessor Securities) is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice of which shall be given to Holders of Securities of this series not less than 10
days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange or automated quotation system on which the Securities of this series may be listed or traded,
and upon such notice as may be required by such exchange or automated quotation system, all as more fully provided in such Indenture. 

 [If a Global Security, insert—Payment of the principal of (and premium, if any) and any such
interest on this Security will be made by transfer of immediately available funds to a bank account in the United States of America designated by the Holder in such coin or currency of the United States of America as at the time of payment is legal
tender for payment of public and private debts.] 
 [If a Definitive Security, insert—Payment of the principal of (and premium, if any)
and any such interest on this Security will be made at the office or agency of the Partnership maintained for that purpose in the Borough of Manhattan, the City and State of New York, in such coin or currency of the United States of America as
at the time of payment is legal tender for payment of public and private debts or subject to any laws or regulations applicable thereto and to the right of the Partnership (as provided in the Indenture) to rescind the designation of any such Paying
Agent, at the offices of                      in the Borough of Manhattan, The City and State of New York, and at such other offices or agencies as
the Partnership may designate, by United States Dollar check drawn on, or transfer to a United States Dollar account maintained by the payee with, a bank in The City of New York (so long as the applicable Paying Agent has received proper transfer
instructions in writing at least 10 days prior to the payment date); provided, however, that payment of interest may be made at the option of the Partnership by United States Dollar check mailed to the addresses of the Persons entitled
thereto as such addresses shall appear in the Security Register or by transfer to a United States Dollar account maintained by the payee with a bank in The City of New York (so long as the applicable Paying Agent has received proper transfer
instructions in writing by the Record Date prior to the applicable Interest Payment Date).] 
 Reference is hereby made to the further
provisions of this Security set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. 

Unless the certificate of authentication hereon has been executed by the Trustee by manual signature, this Security shall not be entitled to
any benefit under the Indenture or be valid or obligatory for any purpose. 
 IN WITNESS WHEREOF, the Partnership has caused this instrument
to be duly executed. 
  

					
	BUCKEYE PARTNERS, L.P.
		
	By:    	 	BUCKEYE GP LLC
		 	its General Partner
			
		 	By:	 	  

		 	Name:	 	
		 	Title:	 	

 This is one of the Securities of the series designated therein referred to in the within-mentioned
Indenture. 
 Dated:             ,          

BRANCH BANKING AND TRUST COMPANY, 
 as Trustee 

 

			
	By:	 	  

		 	Authorized Signatory

 [REVERSE OF NOTE] 

BUCKEYE PARTNERS, L.P. 

4.125% Notes due 2027 

This Security is one of a duly authorized issue of securities of the Partnership (the “Securities”), issued and to be issued
in one or more series under an Indenture dated as of July 10, 2003 with SunTrust Bank (the “Original Indenture”), which has been amended and supplemented by the First Supplemental Indenture thereto dated as of July 10,
2003 (the “First Supplemental Indenture”), the Second Supplemental Indenture thereto dated as of August 19, 2003 (the “Second Supplemental Indenture”), the Third Supplemental Indenture thereto dated as of
October 12, 2004 (the “Third Supplemental Indenture”). the Fourth Supplemental Indenture thereto dated as of June 30, 2005 (the “Fourth Supplemental Indenture”), the Fifth Supplemental Indenture thereto
dated as of January 11, 2008 (the “Fifth Supplemental Indenture”), the Sixth Supplemental Indenture thereto dated as of August 18, 2009 (the “Sixth Supplemental Indenture”), the Seventh Supplemental
Indenture thereto dated as of January 13, 2011 (the “Seventh Supplemental Indenture”), the Eighth Supplemental Indenture thereto dated as of June 10, 2013 (the “Eighth Supplemental Indenture”), the Ninth
Supplemental Indenture thereto dated as of November 14, 2013 (the “Ninth Supplemental Indenture”), the Tenth Supplemental Indenture thereto dated as of September 12, 2014 (the “Tenth Supplemental
Indenture”), and the Eleventh Supplemental Indenture thereto dated as of November 7, 2016 (the “Eleventh Supplemental Indenture”), and as further amended and supplemented by the Twelfth Supplemental Indenture thereto
dated as of November 20, 2017 (the Original Indenture, as amended and supplemented from time to time, including without limitation pursuant to the First Supplemental Indenture, the Second Supplemental Indenture, the Third Supplemental
Indenture, the Fourth Supplemental Indenture, the Fifth Supplemental Indenture, the Sixth Supplemental Indenture, the Seventh Supplemental Indenture, the Eighth Supplemental Indenture, the Ninth Supplemental Indenture, the Tenth Supplemental
Indenture, the Eleventh Supplemental Indenture and this Twelfth Supplemental Indenture, being referred to herein as the “Supplemented Indenture”). These Securities are issued pursuant to the Original Indenture and the Twelfth
Supplemental Indenture (the “Indenture”) between the Partnership and Branch Banking and Trust Company, a bank organized and existing under the laws of the state of North Carolina, as Trustee (the “Trustee”), to
which Indenture is hereby made for a statement of the respective rights, limitations of rights, obligations, duties and immunities thereunder of the Partnership, the Trustee and the Holders of the Securities and of the terms upon which the
Securities are, and are to be, authenticated and delivered. This Security is one of the series designated on the face hereof. 
 This
Security is redeemable, in whole or in part, at the Partnership’s option at any time prior to the Par Call Date at a redemption price equal to the greater of (a) 100% of the principal amount of this Security, and (b) as determined by the
Quotation Agent (as defined below), the sum of the present values of the remaining scheduled payments of principal and interest on this Security that would have been due if this Security matured on the Par Call Date (exclusive of interest accrued
but unpaid to, but excluding, the date of redemption) discounted to the date of redemption on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day
months) at the Adjusted Treasury Rate (as defined below) plus 30 basis points, plus accrued and unpaid interest, if any, on the principal amount being redeemed to, but excluding, the date of redemption. 

At any time on or after the Par Call Date, this Security is redeemable, in whole or in part, at the Partnership’s option at par plus
accrued and unpaid interest thereon to, but excluding, the date of redemption. 
 For purposes of determining any redemption price, the
following definitions shall apply: 
 “Adjusted Treasury Rate” means, with respect to any date of redemption, the rate per
annum equal to the semi-annual equivalent yield to maturity of the Comparable Treasury Issue (as defined below), assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury
Price (as defined below) for the date of redemption. 
 “Comparable Treasury Issue” means the United States Treasury
security selected by the Quotation Agent as having a maturity comparable to the remaining term of this Security, determined as if this Security matured on the Par Call Date (the “Remaining Life”), that would be utilized, at the time
of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the Remaining Life of this Security. 

 “Comparable Treasury Price” means, with respect to any date of redemption,
(a) the average of the Reference Treasury Dealer Quotations (as defined below) for the date of redemption, after excluding the highest and lowest Reference Treasury Dealer Quotations, or (b) if the Trustee obtains fewer than three
Reference Treasury Dealer Quotations, the average of all such Reference Treasury Dealer Quotations. 
 “Par Call Date”
means September 1, 2027 (the date that is three months prior to the maturity date of this Security). 
 “Primary Treasury
Dealer” means a primary U.S. Government securities dealer in New York City. 
 “Quotation Agent” means Barclays
Capital Inc. or another Reference Treasury Dealer (as defined below) appointed by the Partnership. 
 “Reference Treasury
Dealer” means each of (a) Barclays Capital Inc., or an affiliate or successor; (b) a Primary Treasury Dealer selected by each of PNC Capital Markets LLC and SunTrust Robinson Humphrey, Inc.; provided, however, that
if the foregoing shall cease to be a Primary Treasury Dealer, the Partnership shall substitute therefor another Primary Treasury Dealer; and (c) any other Primary Treasury Dealers selected by the Partnership. 

“Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer and any date of redemption, the
average, as determined by the Trustee, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Trustee by that Reference Treasury Dealer at 5:00 p.m.,
New York City time, on the third business day preceding that date of redemption. 
 Unless the Partnership defaults in payment of the
redemption price, on and after the date of redemption, interest will cease to accrue on this Security or the portions hereof called for redemption. 

In the event of redemption of this Security in part only, a new Security or Securities of this series and of like tenor for the unredeemed
portion hereof will be issued in the name of the Holder hereof upon the cancellation hereof. 
 The Indenture contains provisions for
defeasance at any time of (1) the entire indebtedness of this Security or (2) certain restrictive covenants and Events of Default with respect to this Security, in each case upon compliance with certain conditions set forth in the
Indenture. 
 If an Event of Default with respect to Securities of this series shall occur and be continuing, the principal of the
Securities of this series may be declared due and payable in the manner and with the effect provided in the Indenture. 
 The Indenture
permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations of the Partnership and the rights of the Holders of the Securities of each series to be affected under the Indenture at
any time by the Partnership and the Trustee with the consent of not less than the Holders of a majority in aggregate principal amount of the Outstanding Securities of all series to be affected (voting as one class). The Indenture also contains
provisions permitting the Holders of a majority in aggregate principal amount of the Outstanding Securities of all affected series (voting as one class), on behalf of the Holders of all Securities of such series, to waive compliance by the
Partnership with certain provisions of the Indenture. The Indenture permits, with certain exceptions as therein provided, the Holders of a majority in principal amount of Securities of any series then Outstanding to waive past defaults under the
Indenture with respect to such series and their consequences. Any such consent or waiver by the Holder of this Security shall be conclusive and binding upon such Holder and all holders of Securities of which this Security is a Predecessor Security,
whether or not notation of such consent or waiver is made upon this or any other Security. 
 As provided in and subject to the provisions
of the Indenture, the Holder of this Security shall not have the right to institute any proceeding with respect to the Indenture or for the appointment of a receiver or trustee or for any other remedy thereunder, unless such Holder shall have
previously given the Trustee written notice of a continuing Event of Default with respect to the Securities of this series, the Holders of not less than a majority in principal amount of the Securities of this series at the time Outstanding shall
have made written request to the Trustee to institute proceedings in respect of such Event of Default as Trustee and offered the Trustee indemnity 

 
satisfactory to the Trustee and the Trustee shall not have received from the Holders of a majority in principal amount of Securities of this series at the time Outstanding a direction
inconsistent with such request, and shall have failed to institute any such proceeding, for 60 days after receipt of such notice, request and offer of indemnity. The foregoing shall not apply to any suit instituted by the Holder of this Security for
the enforcement of any payment of principal hereof or any premium or interest hereon on or after the respective due dates expressed herein. 

No reference herein to the Indenture and no provision of this Security or of the Indenture shall alter or impair the obligation of the
Partnership, which is absolute and unconditional, to pay the principal of and any premium and interest on this Security at the times, place(s) and rate, and in the coin or currency, herein prescribed. 

[If a Global Security, insert—This Global Security or portion hereof may not be exchanged for Definitive Securities of this series except
in the limited circumstances provided in the Indenture. 
 The holders of beneficial interests in this Global Security will not be entitled
to receive physical delivery of Definitive Securities except as described in the Indenture and will not be considered the Holders thereof for any purpose under the Indenture.] 

[If a Definitive Security, insert—As provided in the Indenture and subject to certain limitations therein set forth, the transfer of this
Security is registerable in the Security Register, upon surrender of this Security for registration of transfer at the office or agency of the Partnership in The City of New York, or, subject to any laws or regulations applicable thereto and to the
right of the Partnership (limited as provided in the Indenture) to rescind the designation of any such transfer agent, at the offices of
                     in the Borough of Manhattan, The City of New York, and at such other offices or agencies as the Partnership may designate, duly
endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Partnership and the Security Registrar duly executed by, the Holder hereof or his attorney duly authorized in writing, and thereupon one or more new
Securities of this series and of like tenor, of authorized denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees.] 

The Securities of this series are issuable only in registered form without coupons in denominations of $1,000 and any integral multiple
thereof. As provided in the Indenture and subject to certain limitations therein set forth, Securities of this series are exchangeable for a like aggregate principal amount of Securities of this series and of like tenor of a different authorized
denomination, as requested by the Holder surrendering the same. 
 No service charge shall be made for any such registration of transfer or
exchange, but the Partnership may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith. 

Prior to due presentment of this Security for registration of transfer, the Partnership, the Trustee and any agent of the Partnership or the
Trustee may treat the Person in whose name this Security is registered as the owner hereof for all purposes, whether or not this Security is overdue, and neither the Partnership, the Trustee nor any such agent shall be affected by notice to the
contrary. 
 Obligations of the Partnership under the Supplemented Indenture and the Securities thereunder, including this Security, are non-recourse to Buckeye GP LLC (the “General Partner”) and its Affiliates (other than the Partnership), and payable only out of cash flow and assets of the Partnership. The Trustee, and each Holder
of a Security by its acceptance hereof, will be deemed to have agreed in the Indenture that (1) neither the General Partner nor its assets (nor any of its Affiliates, other than the Partnership, or their respective assets) shall be liable for
any of the obligations of the Partnership under the Indenture or such Securities, including this Security, and (2) no director, officer, employee, stockholder or unitholder, as such, of the Partnership, the Trustee, the General Partner or any
Affiliate of any of the foregoing entities shall have any personal liability in respect of the obligations of the Partnership under the Indenture or such Securities by reason of his, her or its status. 

This Security shall be governed by and construed in accordance with the laws of the State of New York. 

All terms used in this Security which are defined in the Indenture shall have the meanings assigned to them in the Indenture. 

 [If a Definitive Security, insert as a separate page— 

FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto
                     (Please Print or Typewrite Name and Address of Assignee) the within instrument of BUCKEYE PARTNERS, L.P. and does hereby
irrevocably constitute and appoint                      Attorney to transfer said instrument on the books of the within-named Partnership, with full
power of substitution in the premises. 
 Please Insert Social Security or 

Other Identifying Number of Assignee: 
  

									
	  
	 		 	  

				
	 Dated:
	 	  
	 		 	  

		 		 		 	     (Signature)

  

			
	Signature Guarantee:	 	  

		 	(Participant in a Recognized Signature
		 	Guaranty Medallion Program)

 NOTICE: The signature to this assignment must correspond with the name as written upon the face of the within
instrument in every particular, without alteration or enlargement or any change whatever.] 

 [If a Global Security, insert as a separate page— 

SCHEDULE OF INCREASES OR DECREASES 

IN GLOBAL SECURITY 
 The
following increases or decreases in this Global Security have been made: 
  

									
	 Date of Exchange
	 	 Amount of

Decrease in

Principal
 Amount of
this
 Global Security
	 	 Amount of

Increase in
 Principal
Amount
 of this 
Global Security
	  	 Principal Amount

of this Global
 Security
following
 such decrease 
(or increase)
	  	 Signature of

authorized officer
 of
Trustee or
 Depositary]EX-10.1

 Exhibit 10.1 

COMMITMENT INCREASE AGREEMENT 

TO THE AMENDED AND RESTATED CREDIT AGREEMENT 

This COMMITMENT INCREASE AGREEMENT TO THE CREDIT AGREEMENT (this “Agreement”), dated as of November 17, 2017, is entered
into by and among FAIR ISAAC CORPORATION, a Delaware corporation (the “Borrower”), the Lenders signatory hereto (the “Increasing Lenders”) and WELLS FARGO BANK, NATIONAL ASSOCIATION, as Administrative Agent, with
respect to the following: 
 A.    The Borrower, the Administrative Agent and the Lenders have previously entered into
that certain Amended and Restated Credit Agreement, dated as of December 30, 2014 (as amended, restated, supplemented or otherwise modified and in effect on the date hereof (including by the First Amendment to Amended and Restated Credit
Agreement dated as of April 16, 2015 and the Second Amendment to Amended and Restated Credit Agreement dated as of June 26, 2017), the “Credit Agreement”). Capitalized terms used but not defined herein have the meanings
assigned to them in the Credit Agreement. 
 B.    The Borrower has elected to exercise the increase option to increase
the Total Commitments under Section 2.19 of the Credit Agreement. 
 C.    On the terms and subject to the
conditions set forth in this Agreement, the Increasing Lenders are willing to agree to increase their respective Commitments as set forth in Section 2 below. 

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby
agree as follows: 
 1.    Effectiveness. The effectiveness of the provisions of Section 2 of
this Agreement are subject to the satisfaction of the conditions further described in Section 3 of this Agreement. 

2.    Increase Option.  

(a)    The Borrower hereby requests that the Total Commitments be increased in the aggregate amount of $100,000,000
pursuant to Section 2.19 of the Credit Agreement and the Borrower proposes that the Increase Effective Date for the increase contemplated in this Agreement be the Agreement Effective Date (as defined in Section 3 below). 

(b)    On the terms and subject to the conditions of this Agreement, in furtherance of the Borrower’s request to
increase the Total Commitments in the aggregate amount of $100,000,000 pursuant to Section 2.19 of the Credit Agreement, as of the Agreement Effective Date: 

 (i)    Wells Fargo Bank, National Association (“Wells
Fargo”) hereby increases its Commitment by $42,500,000 (thereby increasing Wells Fargo’s Commitment as of the Agreement Effective Date to a total of $198,750,000); 

(ii)    HSBC Bank USA, National Association (“HSBC”) hereby increases its Commitment by $28,750,000
(thereby increasing HSBC’s Commitment as of the Agreement Effective Date to a total of $122,500,000); 

(iii)    Bank of America, N.A. (“Bank of America”) hereby increases its Commitment by $28,750,000
(thereby increasing Bank of America’s Commitment as of the Agreement Effective Date to a total of $122,500,000); 
 The Increasing Lenders shall be
“Increasing Lenders” for purposes of the Credit Agreement. 
 3.    Conditions Precedent to the
Effectiveness of this Agreement. The effectiveness of the provisions of Section 2 of this Agreement are conditioned upon, and such provisions shall not be effective until, satisfaction of the following conditions (the first date
on which all of the following conditions have been satisfied being referred to herein as the “Agreement Effective Date”): 

(a)    The Administrative Agent shall have received this Agreement, duly executed and delivered by the Borrower, the
Administrative Agent and the Increasing Lenders. 
 (b)    The Administrative Agent shall have received a certificate
of a Responsible Officer of the Borrower, dated the Agreement Effective Date, certifying that (A) either (1) the copies of the certificate of incorporation of the Borrower and by-laws of the Borrower
delivered most recently to the Administrative Agent prior to the Agreement Effective Date continue to be true and correct copies thereof as of the Agreement Effective Date or (2) attaching true and correct copies thereof as of the Agreement
Effective Date and (B) attached thereto are true and correct copies of resolutions duly adopted by the board of directors of the Borrower and continuing in effect, which authorize the execution, delivery and performance by the Borrower of this
Agreement and the other documents executed or to be executed by the Borrower in connection with the transactions contemplated hereby. 

(c)    The Administrative Agent shall have received an amended and restated Note for each Lender that has requested the
same, duly executed and delivered by the Borrower in favor of each such Lender (the “Amended and Restated Notes”). 

(d)    No Default or Event of Default shall have occurred and be continuing. 

(e)    Each of the representations and warranties made by the Borrower in the Credit Agreement that does not contain a
materiality or Material Adverse Effect qualification shall be true and correct in all material respects on and as of the Agreement Effective Date, and each of the representations and warranties made by the Borrower in the Credit Agreement that
contains a materiality or Material Adverse Effect qualification shall be true and correct on and as of the Agreement Effective Date. 

  
 2 

 (f)    The Administrative Agent shall have received a certificate of a
Responsible Officer of the Borrower certifying as to the matters described in clauses (d) and (e) above. 

(g)    The Administrative Agent shall have received a legal opinion from Faegre Baker Daniels LLP, special counsel to the
Borrower, dated as of the Agreement Effective Date, in form and substance satisfactory to the Administrative Agent. 

(h)    All fees and expenses required to be paid to the Administrative Agent (including the reasonable and documented
fees, charges and disbursements of external counsel for the Administrative Agent) and the Lenders on or prior to the Agreement Effective Date (including all fees payable pursuant to any engagement or fee letter) shall have been paid. 

4.    Representations and Warranties. In order to induce the Administrative Agent and the Increasing Lenders
to enter into this Agreement, the Borrower represents and warrants to the Administrative Agent and the Increasing Lenders as follows: 

(a)    Authorization of Agreements. The execution and delivery of this Agreement and the Amended and Restated
Notes by the Borrower and the performance by the Borrower of the Amended and Restated Notes and the Credit Agreement (after giving effect to the increase in the Total Commitments as set forth in this Agreement): (i) are within the corporate power of
the Borrower and (ii) have been duly authorized by all necessary corporate or other organizational actions on the part of the Borrower. 

(b)    Enforceability. Each of this Agreement and the Amended and Restated Notes has been duly executed and
delivered by the Borrower, and constitutes a legal, valid and binding obligation of such Loan Party, enforceable against such Loan Party in accordance with its terms, except as limited by bankruptcy, insolvency or other laws of general application
relating to or affecting the enforcement of creditors’ rights generally and general principles of equity (whether enforcement is sought by proceedings in equity or at law). 

(c)    Non-Contravention. The execution, delivery and performance by the
Borrower of this Agreement and the Amended and Restated Notes do not (i) violate in any material respect any Requirement of Law applicable to the Borrower; (ii) violate any provision of, or result in the breach or the acceleration of, or
entitle any other Person to accelerate (whether after the giving of notice or lapse of time or both), any Contractual Obligation of the Borrower; (iii) result in the creation or imposition of any Lien (or the obligation to create or impose any
Lien) upon any property, asset or revenue of the Borrower (except such Liens as may be created in favor of the Administrative Agent for the benefit of the Lenders pursuant to the Loan Documents), (iv) result in a revocation, termination or other
material restriction on any licenses that would have a Material Adverse Effect or (v) violate in any material respect any provision of any existing law, rule, regulation, order, writ, injunction or decree of any court or Governmental Authority
to which it is subject. 
 (d)    Governmental Consents. No consent, approval, order or authorization of, or
registration, declaration or filing with, any Governmental Authority or other Person (including, without limitation, the equity holders of any Person) is required in connection 

  
 3 

 
with the execution and delivery of this Agreement by the Borrower, or the performance or consummation of the transactions contemplated hereby, except for those which have been made or obtained
(or, in the case of a Form 8-K, will be made within the time period specified by the rules of the SEC) and are in full force and effect. 

(e)    Representations and Warranties. The Borrower represents and warrants that as of the Agreement Effective
Date and after giving effect to this Agreement (i) the representations and warranties of the Loan Parties set forth in Section IV of the Credit Agreement and in the other Loan Documents are true and correct in all material respects (except
to the extent that such representation and warranty is qualified by materiality, in which case such representation and warranty must be true in all respects) as if made on such date (except for representations and warranties expressly made as of a
specified date, which shall be true and correct in all material respects (except to the extent that such representation and warranty is qualified by materiality, in which case such representation and warranty must be true in all respects) as of such
date) and (ii) no Default or Event of Default has occurred and is continuing. 
 5.    Miscellaneous.

 (a)    Reference to and Effect on the Credit Agreement and the other Loan Documents. The Credit Agreement and
the other Loan Documents shall remain in full force and effect and are hereby ratified and confirmed by the Borrower in all respects. The execution and delivery of this Agreement and performance of the this Agreement shall not constitute a waiver or
amendment of any provision of, or operate as a waiver of any right, power or remedy of the Administrative Agent or the Lenders under, the Credit Agreement or any of the other Loan Documents. 

(b)    Expenses. The Borrower acknowledges that all reasonable costs and expenses of the Administrative Agent
incurred in connection with this Agreement will be paid by the Borrower in accordance with Section 10.5 of the Credit Agreement. 

(c)    Headings. Section and subsection headings in this Agreement are included for convenience of reference only
and shall not constitute a part of this Agreement for any other purpose or be given any substantive effect. 

(d)    Counterparts. This Agreement may be executed in any number of identical counterparts, any set of which
signed by all the parties hereto shall be deemed to constitute a complete, executed original for all purposes. Transmission by facsimile, “pdf” or similar electronic copy of an executed counterpart of this Agreement shall be deemed to
constitute due and sufficient delivery of such counterpart. Any party hereto may request an original counterpart of any party delivering such electronic counterpart. 

(e)    Governing Law. THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS AGREEMENT SHALL BE
GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK WITHOUT REFERENCE TO CONFLICTS OF LAW RULES OTHER THAN SECTION 5-1401 OF THE GENERAL OBLIGATIONS LAW OF THE STATE
OF NEW YORK. 

  
 4 

 6.    Loan Documents. This Agreement is a Loan Document as
defined in the Credit Agreement, and the provisions of the Credit Agreement generally applicable to Loan Documents are applicable hereto and incorporated herein by this reference. 

[This Space Intentionally Left Blank] 

  
 5 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed as of the
date first above written. 
  

							
		 		 	FAIR ISAAC CORPORATION,
		 		 	a Delaware corporation
				
		 		 	By:	 	/s/ Michael J. Pung
		 		 	Name:	 	Michael J. Pung
		 		 	Title:	 	CFO

  
 [Signature Page to
Commitment Increase Agreement - FICO] 

							
		 		 	WELLS FARGO BANK, NATIONAL ASSOCIATION,
		 		 	as Administrative Agent and an Increasing Lender
				
		 		 	By:	 	R. James Hancock
		 		 	Name:	 	R. James Hancock
		 		 	Title:	 	Senior Vice President

  
 [Signature Page to
Commitment Increase Agreement - FICO] 

							
		 		 	HSBC Bank USA, National Association,
		 		 	as an Increasing Lender
				
		 		 	By:	 	/s/ Graeme Robertson
		 		 	Name:	 	Graeme Robertson
		 		 	Title:	 	Director

  
 [Signature Page to
Commitment Increase Agreement - FICO] 

							
		 		 	Bank of America, N.A.,
		 		 	as an Increasing Lender
				
		 		 	By:	 	/s/ Jeff Schwartz
		 		 	Name:	 	Jeff Schwartz
		 		 	Title:	 	Senior Vice President

  
 [Signature Page to
Commitment Increase Agreement - FICO]

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