X0306 4 2019-11-01 1 0000805022 BUCKEYE PARTNERS, L.P. BPL 0001198299 BAUMANN BARBARA M ONE GREENWAY PLAZA SUITE 600 HOUSTON TX 77046 1 0 0 0 Limited Partner Units 2019-11-01 4 D 0 8667 41.50 D 0 D Phantom Units 2019-11-01 4 D 0 3583 41.50 D Limited Partner Units 3583 0 D On November 1, 2019, affiliates of IFM Global Infrastructure Fund ("IFM") acquired Buckeye Partners, L.P. ("BPL") pursuant to that certain Agreement and Plan of Merger, dated as of May 10, 2019, among BPL, Hercules Intermediate Holdings LLC, a Delaware limited liability company and a wholly owned subsidiary of IFM, Hercules Merger Sub LLC, a Delaware limited liability company and a wholly owned subsidiary of IFM ("Merger Sub"), Buckeye Pipe Line Services Company, a Pennsylvania corporation, and Buckeye GP LLC, a Delaware limited liability company (the "Merger Agreement"). In accordance with the Merger Agreement, BPL will merge with and into Merger Sub (the "Merger") with BPL surviving the Merger as a wholly owned subsidiary of IFM. At the effective time of the Merger, each outstanding limited partnership unit representing limited partner interests in BPL was converted into the right to receive $41.50 in cash, without interest. Pursuant to the Merger Agreement, on November 1, 2019, these phantom units were cancelled in exchange for a cash payment of $41.50 per unit, without interest. Each phantom unit is the economic equivalent of one limited partner unit of BPL. /s/ Todd J. Russo, as attorney-in-fact for Barbara M. Baumann 2019-11-04