Document:

Exhibit 10.41

Each non-employee
director of the Corporation shall receive:

·                                          an annual fee of $40,000

·                                          on the date of his or her initial
election to the board of directors, a grant (which may be deferred) of 3,000
stock units, each of which represents the right to receive one share of the
Corporation’s common stock, under the Corporation’s 2003 Stock Incentive Plan
(the “2003 Plan”)

·                                          on September 20 of each year (if on such
date the non-employee director has served on the Corporation’s board of
directors for at least 180 days), 3,000 stock units (which may be deferred),
each of which represents the right to receive one share of the Corporation’s
common stock, under the 2003 Plan

·                                          reimbursement of expenses incurred in
connection with their service to the Corporation

In addition:

·                                          non-employee directors shall be eligible
for grants of stock options and equity awards under the Corporation’s other
equity plans

·                                          the Lead Director shall receive an
additional annual fee of $50,000

·                                          the Chairman of the Audit Committee of
the Board of Directors shall receive an additional annual fee of $50,000

·                                          each member of
the Audit Committee of the Board of Directors shall receive a fee of $1,000 for
each meeting attended

·                                          each member of
the Compensation Committee of the Board of Directors shall receive a fee of
$1,000 for each meeting attendedExhibit
10.1

SECOND
AMENDMENT TO CREDIT AGREEMENT

THIS
SECOND AMENDMENT TO CREDIT AGREEMENT (this “Second Amendment”) is made and
entered into as of August 24, 2007, by and among BUCKEYE PARTNERS, L.P., a
Delaware limited partnership (the “Borrower”),
the Lenders (as defined below) party hereto, and SUNTRUST BANK, in its capacity
as administrative agent for the Lenders (the “Administrative
Agent”).

W
I  T  N  E  S  S  E  T  H:

WHEREAS,
the Borrower, the several banks and other financial institutions party thereto
(collectively, the “Lenders”) and the
Administrative Agent are parties to that certain Credit Agreement, dated as of
November 13, 2006 (as amended, supplemented and modified from time to time, the
“Credit Agreement”; capitalized terms
used herein and not otherwise defined shall have the meanings assigned to such
terms in the Credit Agreement as amended hereby), pursuant to which the Lenders
have made certain financial accommodations available to the Borrower; and

WHEREAS,
Buckeye Gas Storage LLC, a Delaware limited liability company and a Restricted
Subsidiary of the Borrower (“BGS”), and
certain other parties entered into a Purchase Agreement, dated as of July 24,
2007 (the “Purchase Agreement”),
pursuant to which, among other things, BGS agreed to purchase the membership
interests of Lodi Gas Storage, L.L.C., a Delaware limited liability company (“Lodi”); and

WHEREAS,
the closing under the Purchase Agreement (the “Lodi
Closing”) is subject to, among other things, the satisfaction of
certain conditions set forth in the Purchase Agreement; and

WHEREAS,
because Lodi and its Subsidiaries have incurred secured indebtedness that will
not be paid off at the Lodi Closing, absent an amendment to, or waiver under,
the Credit Agreement, the consummation of Lodi Closing would constitute an
Event of Default under the Credit Agreement; and

WHEREAS,
the Borrower has requested that the Lenders and the Administrative Agent amend
certain provisions of the Credit Agreement, and subject to the terms and
conditions hereof, the Lenders are willing to do so;

NOW,
THEREFORE, for good and valuable consideration, the sufficiency and receipt of
all of which are acknowledged, the Borrower, the Lenders and the Administrative
Agent agree as follows:

1.      Amendments.

(a)     Section 1.01 of the Credit Agreement is
hereby amended by adding the following new definitions of “BGS,” “Lodi”, “Lodi
Closing” and “Second Amendment Closing Date” in the

 

appropriate
alphabetical order and by replacing the definitions of “EBITDA,” “Fee Letters,”
“Restricted Subsidiary”, and “Termination Date” in their entirety with the
following:

“BGS” shall mean Buckeye Gas Storage
LLC, a Delaware limited liability company and a Restricted Subsidiary of the
Borrower.

“EBITDA” shall mean, for any
Person for any period commencing before October 1, 2006, the sum of (i)
Consolidated Net Income of such Person and its Consolidated Subsidiaries for
such period plus (ii) the following expenses or charges to the extent deducted
from Consolidated Net Income for such period: 
interest, taxes, depreciation, depletion, amortization and GP Incentive
Compensation Payments plus (iii) with respect to the Borrower and its
Consolidated Subsidiaries, Material Project EBITDA Adjustments, if any, of the
Borrower and its Consolidated Subsidiaries. 
EBITDA shall mean, for any Person for any period commencing on or after
October 1, 2006, the sum of (i) Consolidated Net Income of such Person and its
Consolidated Subsidiaries for such period plus (ii) the following expenses or
charges to the extent deducted from Consolidated Net Income for such
period:  interest, taxes, depreciation,
depletion and amortization plus (iii) with respect to the Borrower and its
Consolidated Subsidiaries, Material Project EBITDA Adjustments, if any, of the
Borrower and its Consolidated Subsidiaries. 
With respect to the Borrower, if during any period the Borrower or any
Subsidiary acquires any Person and such acquired Person becomes a Restricted
Subsidiary, or the Borrower or a Restricted Subsidiary acquires all or
substantially all of the assets of any Person, the EBITDA attributable to such
Person or assets for such period determined on a pro forma basis (as reasonably
diligenced by  the Borrower) may be
included in EBITDA for the calculation of the Funded Debt Ratio.  From and after the Lodi Closing, EBITDA shall
include, as a positive amount, the amount, if any, by which the accounting
expense associated with any ground lease obligations of Lodi and its
Subsidiaries exceeds the cash expenditures payable with respect to such lease
obligations.

“Fee Letters” shall mean (i) that
certain letter agreement among SunTrust Capital Markets, Inc., SunTrust and the
Borrower, dated August 1, 2007 and (ii) that certain letter agreement among
Wachovia Capital Markets, Inc., Wachovia Bank, National Association and the
Borrower, dated July __, 2007, in each case as the same may be amended or
replaced from time to time, concerning certain fees in connection with this
Agreement and any agreements or instruments executed in connection herewith.

“Lodi Closing” shall mean the consummation of the transactions
contemplated by that certain Purchase Agreement dated as of July 24, 2007,
among BGS and certain other parties, pursuant to which, among other things, BGS
agreed to purchase all of the membership interests in Lodi.

“Lodi”
shall mean Lodi Gas Storage, L.L.C., a Delaware limited liability company.

 

“Restricted
Subsidiary” shall mean those Persons listed on Exhibit D-1 and
any Subsidiary of the Borrower or of any Restricted Subsidiary that has not been
designated by the Borrower, within 30 days after its creation or acquisition,
as an Unrestricted Subsidiary.  The
Borrower may thereafter redesignate an Unrestricted Subsidiary as a Restricted
Subsidiary, and it will thereafter be a Restricted Subsidiary; provided, that
such Restricted Subsidiary may not thereafter be redesignated as an
Unrestricted Subsidiary, and provided, further, that no Subsidiary may be
designated as an Unrestricted Subsidiary at any time other than within 30 days
after its creation or acquisition.  Each
Restricted Subsidiary (other than Laurel Pipe Line Company, L.P., WesPac
Pipelines-Reno, LLC and BGS) in existence prior to the Second Amendment Closing
Date shall have executed a Guaranty.  To
qualify as a Restricted Subsidiary, each other Unrestricted Subsidiary
designated by the Borrower as a Restricted Subsidiary shall be in a line of
business as is permitted for the Borrower under the Borrower Partnership
Agreement, and at the time such Subsidiary is designated as a Restricted Subsidiary
no Default shall exist or result from such designation.

“Second
Amendment Closing Date” shall mean August 24, 2007.

“Termination
Date” shall mean shall mean
the earlier to occur of (i) the fifth anniversary of the Second Amendment
Closing Date, or, if the Borrower has requested an extension of the Termination
Date pursuant to Section 2.11, the first anniversary of the then
applicable Extension Effective Date, and
(ii) the date that the Revolving Credit Commitments are terminated
pursuant to Section 2.03(a) or 10.02; provided,
however, that the Termination Date of
any Lender that is a Declining Lender with respect to any requested extension
pursuant to Section 2.11 shall be the earlier of (x) the Termination Date in
effect immediately prior to such extension and (y) the date on which the
Revolving Credit Commitments are terminated pursuant to Section 2.03(a) or
10.02.

(b) Section 2.03 of the
Credit Agreement is hereby amended by replacing Subsection (c)(i) with the
following Subsection (c)(i):

(i) So
long as no Event of Default has occurred and is continuing both on the date of
such request and on the effective date of such increase, from time to time
after the Closing Date, Borrower may, upon at least 30 days’ written notice to
the Agent, who shall promptly notify the Lenders, propose to increase the
Aggregate Revolving Credit Commitment by an amount not to exceed $200,000,000
less the principal amounts of any commitments provided on the Closing Date in
excess of $600,000,000 (the amount of any such increase, the “Additional Revolving Credit
Commitment Amount”). 
Each Lender shall have the right for a period of 15 days following
receipt of such notice, to elect by written notice to the Borrower and the
Agent to increase its Revolving Credit Commitment by a principal amount equal
to or less than its Percentage Share of the Additional Revolving Credit
Commitment Amount.  No Lender (or any
successor thereto) shall have any obligation to increase its Revolving Credit
Commitment or its other obligations under this Agreement and the other Loan
Documents, and any decision by a

Lender to increase its
Revolving Credit Commitment shall be made in its sole discretion independently
from any other Lender.

(c)     Section 2.11 of the Credit Agreement is
hereby amended by replacing the first sentence of such section in its entirety
with the following sentence:

From time to time,
but at least 45 days prior to the scheduled Termination Date then in effect,
the Borrower may (but in no event more than once per calendar year or twice in
the aggregate during the term of this Agreement), by written notice to the
Agent, request that the scheduled Termination Date then in effect be extended
for a twelve-month period, effective as of a date selected by the Borrower (the
“Extension Effective Date”); the
Extension Effective Date shall be at least 45 days, but not more than 60 days,
after the date such extension request is received by the Agent (the “Extension Request Date”).

(d)    Sections 8.04, 8.10 and 9.19 of the Credit
Agreement are hereby deleted in their entirety.

(e)     Section 9.01 of the Credit Agreement is
hereby amended deleting the word “and” from the end of Subsection (g), by
replacing Subsection (h) with the following Subsection (h) and by adding the
following Subsection (i) to such Section:

(h) Other unsecured Debt of the Borrower and the Restricted
Subsidiaries so long as at the time such Debt is incurred, and after giving pro
forma effect to the incurrence and applications of the proceeds thereof, the
Borrower shall be in pro forma compliance with the financial covenants
contained in Section 9.12 and no Default or Event of Default shall have
occurred and be continuing and provided that no Restricted Subsidiary which is
not also a Guarantor shall incur third-party debt in excess of $25,000,000 in
the aggregate; and

(i) From and after the
Lodi Closing, Debt of Lodi and its Subsidiaries (the “Lodi
Debt”); provided that such Debt will be repaid within 15
Business Days of the Lodi Closing.

(f)     Section
9.02 of the Credit Agreement is hereby amended deleting the word “and” from the
end of Subsection (c), by removing the period and inserting the word “and” at
the end of Subsection (d) and by adding the following Subsection (e) to such
Section:

(e) Liens securing the Lodi Debt; provided that such
Liens are terminated within 15 Business Days of the Lodi Closing.

(g) Section 9.12 of the Credit Agreement is hereby
amended by replacing such section in its entirety with the following:

SECTION 9.12 
Funded Debt Ratio.

The
Borrower will not permit the Funded Debt Ratio as of the end of any fiscal
quarter to be greater than 5.00 to 1.00 (the “Required Threshold”),

 

provided,
however, that for a period of up to three consecutive
quarters within any twelve-month period, the Funded Debt Ratio may exceed the
Required Threshold for such period (an “Increased
Funded Debt Ratio Period”) as a result of any
acquisitions consummated by the Borrower or any Restricted Subsidiary during
such Increased Funded Debt Ratio Period with an aggregate purchase price in
excess of $25,000,000, but shall in no event exceed 5.50 to 1.00 during such
Increased Funded Debt Ratio Period; provided, further,
that no Increased Funded Debt Ratio Period shall occur sooner than two
consecutive quarters after the end of any other Increased Funded Debt Ratio
Period.

(h) Annex I of the Credit Agreement is hereby amended
by replacing such Annex in its entirety with the Annex I attached hereto as
Exhibit A.

(i) Exhibit D-1 of the Credit Agreement is hereby
amended by replacing such Exhibit in its entirety with the Exhibit D-1 attached
hereto as Exhibit B.

(j) Schedule 9.03 of the Credit Agreement is hereby
amended by replacing such Schedule in its entirety with the Schedule 9.03
attached hereto as Exhibit C.

2.      Release from Guaranty.  Laurel Pipe Line Company, L.P. is hereby
released from all Obligations, whether past, present or future, including its
Contribution Obligation (as such term is defined in the Guaranty) under that
certain Guaranty dated on or about January 30, 2007 (the “Laurel
Guaranty”) by certain Subsidiaries of the Borrower in favor of
the Administrative Agent for the Lenders. 
The effective date of the release shall be the date on which this
Second Amendment becomes effective. 
Notwithstanding the foregoing release, Laurel Pipe Line Company, L.P.
shall continue to be deemed to be a Restricted Subsidiary.

3.      Conditions to
Effectiveness of this Second Amendment. Notwithstanding any
other provision of this Second Amendment and without affecting in any manner
the rights of the Lenders hereunder, it is understood and agreed that this
Second Amendment shall not become effective, and the Borrower shall have no
rights under this Second Amendment, until the Administrative Agent shall have
received (i) reimbursement or payment of its costs and expenses incurred in
connection with the preparation, execution and delivery of this Second
Amendment, including all fees set forth in
the Fee Letters on the dates and to the parties specified therein, and
including, without limitation, the reasonable fees and out-of-pocket expenses
of outside counsel for the Administrative Agent with respect thereto,
(ii) executed counterparts to this Second Amendment from the Borrower, the
Guarantors and the Required Lenders as well as additional promissory notes, and
other loan documents as the Administrative Agent may reasonably request, (iii)
delivery of certified copies of organizational documents, including bylaws,
authorizing resolutions of board of directors, and incumbency certificates for
the Borrower, (iv) receipt of certified copies of all consents, approvals,
authorizations, registrations, or filings required to be made or obtained by
the Borrower in connection with the loan documents and (v) receipt of favorable
opinion of counsel for the Borrower and each Guarantor.

4.      Representations and Warranties.  To induce the Lenders and the Administrative
Agent to enter into this Second Amendment, each of the Borrower, the General
Partner and the

 

Guarantors
(collectively, the “Loan Parties”) hereby represents and warrants to the
Lenders and the Administrative Agent that:

(a)     The execution and delivery by such Loan
Party of this Second Amendment and the performance of this Second Amendment and
the Credit Agreement as amended hereby (i) are within such Loan Party’s
power and authority; (ii) have been duly authorized by all necessary
partnership, limited liability company, partner and/or member action;
(iii) are not in contravention of any provision of such Loan Party’s
certificate of formation, certificate of partnership, partnership agreement,
operating agreement or other organizational documents; (iv) do not violate
any law or regulation, or any order or decree of any Governmental Authority;
(v) do not conflict with or result in the breach or termination of, constitute
a default under or accelerate any performance required by, any indenture,
mortgage, deed of trust, lease, agreement or other instrument to which such
Loan Party or any of its Subsidiaries is a party or by which such Loan Party or
any such Subsidiary or any of their respective property is bound; (vi) do not
result in the creation or imposition of any Lien upon any of the property of
such Loan Party or any of its Subsidiaries; and (vii) do not require the
consent or approval of any Governmental Authority or any other Person;

(b)    This Second Amendment has been duly executed
and delivered for the benefit of or on behalf of each Loan Party and
constitutes a legal, valid and binding obligation of each Loan Party,
enforceable against such Loan Party in accordance with its terms except as the
enforceability hereof may be limited by bankruptcy, insolvency, reorganization,
fraudulent conveyance, moratorium and other similar laws of general application
relating to or affecting creditors’ rights and general principles of equity;
and

(c)     After giving effect to this Second
Amendment, the representations and warranties contained in the Credit Agreement
and the other Loan Documents are true and correct in all material respects, and
no Default or Event of Default has occurred and is continuing as of the Second
Amendment Closing Date.

5.      Reaffirmations and Acknowledgments.

Except
with respect to the Laurel Guaranty which is being terminated as provided in
Section 2 of this Second Amendment, each Guarantor consents to the execution
and delivery by the Borrower of this Second Amendment and jointly and severally
ratifies and confirms the terms of its Guaranty with respect to the
indebtedness now or hereafter outstanding under the Credit Agreement as amended
hereby and all promissory notes issued thereunder. Except with respect to the
Laurel Guaranty which is being terminated as provided in Section 2 of this
Second Amendment, each Guarantor acknowledges that, notwithstanding anything to
the contrary contained herein or in any other document evidencing any
indebtedness of the Borrower to the Lenders or any other obligation of the
Borrower, or any actions now or hereafter taken by the Lenders with respect to
any obligation of the Borrower, its Guaranty (i) is and shall continue to be a
primary obligation of such Guarantor, (ii) is and shall continue to be an
absolute, unconditional, joint and several, continuing and irrevocable guaranty
of payment, and (iii) is and shall continue to be in full force and effect in
accordance with its terms.  Except as set
forth in

 

Section 2 of this
Second Amendment, nothing contained herein to the contrary shall release,
discharge, modify, change or affect the original liability of the Guarantors
under the Guaranties.

6.      Effect of Amendment.  Except as set forth expressly herein,
all terms of the Credit Agreement, as amended hereby, and the other Loan
Documents shall be and remain in full force and effect and shall constitute the
legal, valid, binding and enforceable obligations of the Borrower to the
Lenders and the Administrative Agent.  The execution, delivery and effectiveness of
this Second Amendment shall not, except as expressly provided herein, operate
as a waiver of any right, power or remedy of the Lenders under the Credit
Agreement, nor constitute a waiver of any provision of the Credit
Agreement.  This Second Amendment shall
constitute a Loan Document for all purposes of the Credit Agreement.

7.      Governing Law.   This Second Amendment shall be governed by,
and construed in accordance with, the internal laws of the State of New York
and all applicable federal laws of the United States of America.

8.      No Novation.  This Second Amendment is not intended by the
parties to be, and shall not be construed to be, a novation of the Credit
Agreement or an accord and satisfaction in regard thereto.

9.      Counterparts.  This Second Amendment may be executed by one
or more of the parties hereto in any number of separate counterparts, each of
which shall be deemed an original and all of which, taken together, shall be
deemed to constitute one and the same instrument.  Delivery of an executed counterpart of this
Second Amendment by facsimile transmission or by electronic mail in pdf form
shall be as effective as delivery of a manually executed counterpart hereof.

10.    Costs and Expenses.  The
Borrower agrees to pay on demand all reasonable costs and expenses of the
Administrative Agent in connection with the preparation, execution and delivery
of this Second Amendment, including, without limitation, the reasonable fees
and out-of-pocket expenses of outside counsel for the Administrative Agent with
respect thereto.

11.    Binding Nature.  This Second Amendment shall be binding upon
and inure to the benefit of the parties hereto, their respective successors,
successors-in-titles, and assigns.

12.    Entire Understanding.  This Second Amendment sets forth the entire
understanding of the parties with respect to the matters set forth herein, and
shall supersede any prior negotia­tions or agreements, whether written or oral,
with respect thereto.

[Signature Pages To Follow]

IN
WITNESS WHEREOF, the parties hereto have caused this Second Amendment to be
duly executed by their respective authorized officers as of the day and year
first above written.

	
  BORROWER:

  	
   

  	
   

  	
  BUCKEYE PARTNERS, L.P.

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  Buckeye GP LLC, its general partner

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By:

  	
  /s/ VANCE POWERS

  
	
   

  	
   

  	
   

  	
   

  	
  Name:

  	
  Vance Powers

  
	
   

  	
   

  	
   

  	
   

  	
  Title:

  	
  Acting Chief Financial Officer

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  GUARANTORS: BUCKEYE PIPE LINE COMPANY,

  
	
   

  	
   

  	
   

  	
  L.P.

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By

  	
  MAINLINE L.P.

  
	
   

  	
   

  	
   

  	
   

  	
  its General Partner

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  By

  	
  MAINLINE GP, INC.

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  its General Partner

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  By:

  	
  /s/ VANCE POWERS

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  Name:

  	
  Vance Powers

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  Title:

  	
  Acting Chief Financial
  Officer

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  BUCKEYE PIPE LINE HOLDINGS, L.P.

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  By

  	
  MAINLINE L.P.

  
	
   

  	
   

  	
   

  	
   

  	
  its General Partner

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  By

  	
  MAINLINE GP, INC.

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  its General Partner

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  By:

  	
  /s/ VANCE POWERS

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  Name:

  	
  Vance Powers

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  Title:

  	
  Acting Chief Financial
  Officer

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
  BUCKEYE GULF COAST HOLDINGS I, LLC

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  By:

  	
  /s/ VANCE POWERS

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  Name:

  	
  Vance Powers

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  Title:

  	
  Acting Chief Financial
  Officer

  
										

 

 

 

	
  

  	
   

  	
  BUCKEYE GULF COAST HOLDINGS II, LLC

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  By:

  	
   

  	
  /s/ VANCE POWERS

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Name:

  	
   

  	
  Vance Powers

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Title:

  	
   

  	
  Acting Chief Financial
  Officer

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  BUCKEYE GULF COAST PIPE LINES, L.P.

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
   

  	
  BUCKEYE GULF COAST HOLDINGS I,  LLC

  
	
   

  	
   

  	
   

  	
   

  	
  its General Partner

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  By:

  	
   

  	
  /s/ VANCE POWERS

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Name:

  	
   

  	
  Vance Powers

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Title:

  	
   

  	
  Acting Chief Financial
  Officer

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  BUCKEYE TERMINALS, LLC

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  By:

  	
   

  	
  /s/ VANCE POWERS

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Name:

  	
   

  	
  Vance Powers

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Title:

  	
   

  	
  Acting Chief Financial
  Officer

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  NORCO PIPE LINE COMPANY, LLC

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  By:

  	
   

  	
  /s/ VANCE POWERS

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Name:

  	
   

  	
  Vance Powers

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Title:

  	
   

  	
  Acting Chief Financial
  Officer

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  EVERGLADES PIPE LINE COMPANY, L.P.

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
   

  	
  MAINLINE L.P.

  
	
   

  	
   

  	
   

  	
   

  	
  its General Partner

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  By

  	
   

  	
  MAINLINE GP, INC.

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  its General Partner

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  By:

  	
   

  	
  /s/ VANCE POWERS

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Name:

  	
   

  	
  Vance Powers

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Title:

  	
   

  	
  Acting Chief Financial
  Officer

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  

 

 

 

	
  

  	
   

  	
  WOOD RIVER PIPE LINES LLC

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  By:

  	
   

  	
  /s/ VANCE POWERS

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Name:

  	
   

  	
  Vance Powers

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Title:

  	
   

  	
  Acting Chief Financial
  Officer

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  BUCKEYE PIPE LINE TRANSPORTATION LLC

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  By:

  	
   

  	
  /s/ VANCE POWERS

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Name:

  	
   

  	
  Vance Powers

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Title:

  	
   

  	
  Acting Chief Financial
  Officer

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  BUCKEYE TEXAS PIPE LINE COMPANY, L.P.

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
   

  	
  BUCKEYE GULF COAST HOLDINGS I, LLC

  
	
   

  	
   

  	
   

  	
   

  	
  its General Partner

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  By:

  	
   

  	
  /s/ VANCE POWERS

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Name:

  	
   

  	
  Vance Powers

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Title:

  	
   

  	
  Acting Chief Financial
  Officer

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  BUCKEYE NGL PIPE LINES LLC

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  By:

  	
   

  	
  /s/ VANCE POWERS

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Name:

  	
   

  	
  Vance Powers

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Title:

  	
   

  	
  Acting Chief Financial
  Officer

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  FERRYSBURG TERMINAL, LLC

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  By:

  	
   

  	
  /s/ VANCE POWERS

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Name:

  	
   

  	
  Vance Powers

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Title:

  	
   

  	
  Acting Chief Financial
  Officer

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SOLELY FOR PURPOSES OF

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  SECTION 2 HEREOF:

  	
   

  	
  LAUREL PIPE LINE COMPANY,
  L.P.

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
   

  	
  MAINLINE L.P.

  
	
   

  	
   

  	
   

  	
   

  	
  its General Partner

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  By

  	
   

  	
  MAINLINE GP, INC.

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  its General Partner

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  By:

  	
   

  	
  /s/ VANCE POWERS

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Name:

  	
   

  	
  Vance Powers

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Title:

  	
   

  	
  Acting Chief Financial
  Officer

  

 

 

 

	
  LENDER, ISSUING BANK

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  AND AGENT:

  	
   

  	
   

  	
   

  	
  SUNTRUST BANK

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  By:

  	
   

  	
  /s/ CARMEN MALIZIA

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Name:

  	
   

  	
  Carmen Malizia

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Title:

  	
   

  	
  Vice President

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  

 

 

	
  

  	
   

  	
   

  	
   

  	
  BANK OF AMERICA, N.A.

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  By:

  	
   

  	
  /s/ ADAM H. FEY

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Name:

  	
   

  	
  Adam H. Fey

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Title:

  	
   

  	
  Vice President

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  

 

 

	
  

  	
   

  	
   

  	
   

  	
  CITIBANK, N.A.

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  By:

  	
   

  	
  /s/ TODD MOGIL

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Name:

  	
   

  	
  Todd Mogil

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Title:

  	
   

  	
  Attorney-in-Fact

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  

 

 

	
  

  	
   

  	
   

  	
   

  	
  BNP PARIBAS

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  By:

  	
   

  	
  /s/ LARRY ROBINSON

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Name:

  	
   

  	
  Larry Robinson

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Title:

  	
   

  	
  Director

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  By:

  	
   

  	
  /s/ GREGORY E. GEORGE

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Name:

  	
   

  	
  Gregory E. George

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Title:

  	
   

  	
  Managing Director

  

 

	
  

  	
  JPMORGAN CHASE BANK, N.A.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ TARA NARASIMAN

  
	
   

  	
   

  	
  Name:

  	
  Tara Narasiman

  
	
   

  	
   

  	
  Title:

  	
  Associate

  

 

 

	
  

  	
  WACHOVIA BANK, NATIONAL
  ASSOCIATION

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ PAUL PRITCHETT

  
	
   

  	
   

  	
  Name:

  	
  Paul Pritchett

  
	
   

  	
   

  	
  Title:

  	
  Vice President

  

 

 

	
  

  	
  DEUTSCHE BANK AG NEW YORK BRANCH

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ RAINER MEIGR

  
	
   

  	
   

  	
  Name:

  	
  Rainer Meigr

  
	
   

  	
   

  	
  Title:

  	
  VP

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ OLIVER SCHWARTZ

  
	
   

  	
   

  	
  Name:

  	
  Oliver Schwartz

  
	
   

  	
   

  	
  Title:

  	
  Director

  

 

 

	
  

  	
  THE ROYAL BANK OF SCOTLAND
  plc

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ PATRICIA J. DUNDEE

  
	
   

  	
   

  	
  Name:

  	
  Patricia J. Dundee

  
	
   

  	
   

  	
  Title:

  	
  Managing Director

  

 

 

	
  

  	
  THE BANK OF TOKYO-MITSUBISHI UFJ,

  
	
   

  	
  LTD., HOUSTON AGENCY

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ LINDA TERRY

  
	
   

  	
   

  	
  Name:

  	
  Linda Terry

  
	
   

  	
   

  	
  Title:

  	
  VP and Manager

  

 

 

	
  

  	
  MORGAN STANLEY BANK

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ ELIZABETH HENDRICKS

  
	
   

  	
   

  	
  Name:

  	
  Elizabeth Hendricks

  
	
   

  	
   

  	
  Title:

  	
  Authorized Signatory

  

 

 

	
  

  	
  WELLS FARGO BANK, N.A.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ OLEG KOGAN

  
	
   

  	
   

  	
  Name:

  	
  Oleg Kogan

  
	
   

  	
   

  	
  Title:

  	
  Assistant Vice President

  

 

 

	
  

  	
  UBS LOAN FINANCE LLC

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ IRJA R. OTSA

  
	
   

  	
   

  	
  Name:

  	
  Irja R. Otsa

  
	
   

  	
   

  	
  Title:

  	
  Associate Director

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ RICHARD L. TAVROW

  
	
   

  	
   

  	
  Name:

  	
  Richard L. Tavrow

  
	
   

  	
   

  	
  Title:

  	
  Director

  

 

 

	
  

  	
  MERRILL LYNCH BANK USA

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ DAVE MILLET

  
	
   

  	
   

  	
  Name:

  	
  Dave Millet

  
	
   

  	
   

  	
  Title:

  	
  Vice President

  

 

 

	
  

  	
  WILLIAM STREET CREDIT
  CORPORATION

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ MARK WALTON

  
	
   

  	
   

  	
  Name:

  	
  Mark Walton

  
	
   

  	
   

  	
  Title:

  	
  Assistant Vice President

  

 

 

	
  

  	
  LEHMAN BROTHERS BANK, FSB

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ ERRINGTON HIBBERT

  
	
   

  	
   

  	
  Name:

  	
  Errington Hibbert

  
	
   

  	
   

  	
  Title:

  	
  Managing Director

  

 

 

EXHIBIT A

ANNEX
I

5-YEAR
CREDIT AGREEMENT

LIST OF PERCENTAGE SHARES AND REVOLVING CREDIT COMMITMENTS

AS OF CLOSING DATE

 

	
  Name of Lender

  	
   

  	
  Percentage Share

  	
   

  	
  Revolving Credit

  Commitments

  	
   

  
	
  SunTrust
  Bank

  	
   

  	
  10.0%

  	
   

  	
  $60,000,000

  	
   

  
	
  Wachovia
  Bank, National Association

  	
   

  	
  10.0%

  	
   

  	
  $60,000,000

  	
   

  
	
  Bank
  of America, N.A.

  	
   

  	
  8.0%

  	
   

  	
  $48,000,000

  	
   

  
	
  Citibank,
  N.A.

  	
   

  	
  8.0%

  	
   

  	
  $48,000,000

  	
   

  
	
  JPMorgan
  Chase Bank, N.A.

  	
   

  	
  8.0%

  	
   

  	
  $48,000,000

  	
   

  
	
  BNP
  Paribas

  	
   

  	
  8.0%

  	
   

  	
  $48,000,000

  	
   

  
	
  Deutsche
  Bank AG, New York Branch

  	
   

  	
  8.0%

  	
   

  	
  $48,000,000

  	
   

  
	
  The
  Royal Bank of Scotland plc

  	
   

  	
  8.0%

  	
   

  	
  $48,000,000

  	
   

  
	
  The
  Bank of Tokyo-Mitsubishi UFJ, Ltd., Houston Agency

  	
   

  	
  8.0%

  	
   

  	
  $48,000,000

  	
   

  
	
  UBS
  Loan Finance LLC

  	
   

  	
  6.0%

  	
   

  	
  $36,000,000

  	
   

  
	
  Wells
  Fargo Bank, N.A.

  	
   

  	
  6.0%

  	
   

  	
  $36,000,000

  	
   

  
	
  Lehman
  Brothers Bank, FSB

  	
   

  	
  3.3%

  	
   

  	
  $20,000,000

  	
   

  
	
  Morgan
  Stanley Bank

  	
   

  	
  3.3%

  	
   

  	
  $20,000,000

  	
   

  
	
  William
  Street Credit Corporation

  	
   

  	
  3.3%

  	
   

  	
  $20,000,000

  	
   

  
	
  Merrill
  Lynch Bank USA

  	
   

  	
  2.0%

  	
   

  	
  $12,000,000

  	
   

  
	
  Total

  	
   

  	
  100.0000000%

  	
   

  	
  $

  	
  600,000,000

  	
   

  
							

 

 

 

EXHIBIT B

EXHIBIT D-1

RESTRICTED SUBSIDIARIES

AS OF THE DATE
HEREOF

Buckeye Pipe Line
Company, L.P.

Buckeye Pipe Line Holdings, L.P.

Buckeye Gulf Coast Holdings I, LLC

Buckeye Gulf Coast Holdings II, LLC

Buckeye Gulf Coast Pipe Lines, L.P.

Buckeye Terminals, LLC

NORCO Pipe Line Company, LLC

Everglades Pipe Line Company, L.P.

Laurel Pipe Line Company, L.P.

Wood River Pipe Lines LLC

Buckeye Pipe Line Transportation LLC

Buckeye Texas Pipe Line Company, L.P.

Buckeye NGL Pipe Lines LLC

Ferrysburg Terminal, LLC

Buckeye Gas Storage LLC

Lodi Gas Storage, L.L.C.*

Lodi Development, L.L.C.*

WesPac Pipelines — Reno, LLC

 

 

 

 

 

 

* This entity will
become a Restricted Subsidiary upon the Lodi Closing.

 

EXHIBIT C

Schedule
9.03

Investments,
Loans and Advances

 

	
  Entity

  	
   

  	
   

  	
   

  	
  Project Loans

  	
   

  	
  Investments

  	
   

  
	
  WesPac Pipelines —
  Austin LLC

  	
   

  	
  $

  	
  0

  	
   

  	
  $

  	
  0

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WesPac Pipelines — San
  Diego LLC

  	
   

  	
  $

  	
  4,515,689

  	
   

  	
  $

  	
  (1,114,636

  	
  )

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WesPac Pipelines — San
  Jose LLC

  	
   

  	
  $

  	
  0

  	
   

  	
  $

  	
  0

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WesPac Pipelines —
  Memphis LLC

  	
   

  	
  $

  	
  48,471,363

  	
   

  	
  $

  	
  6,060,000

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  WesPac Pipelines —
  Tucson LLC

  	
   

  	
  $

  	
  0

  	
   

  	
  $

  	
  0

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  West Texas LPG
  Pipeline, Limited Partnership

  	
   

  	
  $

  	
  0

  	
   

  	
  $

  	
  31,479,073

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  West Shore Pipe Line
  Company

  	
   

  	
  $

  	
  0

  	
   

  	
  $

  	
  30,432,803

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Muskegon Pipeline LLC

  	
   

  	
  $

  	
  0

  	
   

  	
  $

  	
  15,379,350

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Transport 4

  	
   

  	
  $

  	
  0

  	
   

  	
  $

  	
  382,911

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Buckeye Products Pipe
  Line, L.P.

  	
   

  	
  $

  	
  0

  	
   

  	
  $

  	
  17,266,963

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Gulf Coast Pipe Line,
  L.P.

  	
   

  	
  $

  	
  0

  	
   

  	
  $

  	
  6,066,770

  	
   

  
	
  TOTALS

  	
   

  	
  $

  	
  52,987,052

  	
   

  	
  $

  	
  105,953,234

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00128-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00128-of-00352.parquet"}]]