BPL Buckeye Partners LP

(e)        On December 4, 2019, Buckeye Partners, L.P. (“Buckeye,” “we” or “us”) entered into Retention Bonus Agreements (the “Retention Bonus Agreements”) with each of Buckeye’s named executive officers.

Pursuant to their respective Retention Bonus Agreements, each named executive officer is entitled to a cash retention award (the “Retention Awards”) as follows:

The named executive officers will each be entitled to cash retention payments in the amounts set forth above on each of the six-month and eighteen-month anniversaries of November 1, 2019. In order to be eligible to receive a cash payment described above, the recipient must be continuously employed by Buckeye through the payment date for such payment and must also execute Buckeye’s standard form release of claims as of the payment date for such payment. If the officer resigns without good reason or is terminated for cause prior to the applicable payment date, the amount of any unpaid Retention Award will be forfeited. If the officer’s employment is terminated due to death or disability or due to termination without cause or resignation with good reason, the full amounts of the Retention Awards will be paid within thirty days following the termination of employment. The Retention Bonus Agreements also contain customary mutual non-disparagement provisions. The relevant definitions for “disability, “cause,” and “good reason” are contained in in the Retention Bonus Agreements.

The disclosure contained in this Item 5.02 does not purport to be a complete description of the Retention Bonus Agreements and is qualified in its entirety by reference to the form of Retention Bonus Agreement, which is filed as Exhibit 10.1 hereto and is incorporated by reference into this Item 5.02.