Exhibit 10.2

SIXTH AMENDMENT TO AMENDED AND RESTATED
CREDIT AGREEMENT

THIS SIXTH AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT (this “Amendment”)
is made and entered into effective as of July 1, 2008, by and among TEPPCO
PARTNERS, L.P., a Delaware limited partnership (the “Borrower”), the several
banks and other financial institutions listed on the signature pages attached
hereto (collectively, the “Lenders”), and SUNTRUST BANK (“SunTrust”), as the
Administrative Agent for the Lenders (in such capacity, the “Administrative
Agent”).

W I T N E S S E T H:

WHEREAS, the Borrower, the Lenders, and the Administrative Agent are parties to
a certain Amended and Restated Credit Agreement, dated as of October 21, 2004,
as amended by a certain First Amendment to Amended and Restated Credit
Agreement, dated as of February 23, 2005, by a certain Second Amendment to
Amended and Restated Credit Agreement, dated as of December 13, 2005, by a
certain Third Amendment to Amended and Restated Credit Agreement dated as of
July 31, 2006, by a certain Fourth Amendment to Amended and Restated Credit
Agreement and Waiver dated as of June 29, 2007, and by a certain Fifth Amendment
to Amended and Restated Credit Agreement dated as of December 18, 2007 (as so
amended and as hereafter amended, restated, supplemented or otherwise modified
from time to time, the “Credit Agreement”), pursuant to which the Lenders have
made certain financial accommodations available to the Borrower; and
 
WHEREAS, the Borrower has requested that the Lenders agree to amend the Credit
Agreement so as to modify certain provision of the Credit Agreement with respect
to increases in the total Commitments in effect from time to time under the
Credit Agreement, all as more particularly provided in this Amendment, and
subject to the terms and conditions hereof, the Lenders are willing to agree to
such amendment;
 
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:

SECTION 1. Definitions.  Capitalized terms used but not defined in this
Amendment have the meanings assigned to such terms in the Credit Agreement.
 
SECTION 2. Amendments to Section 2.6 (“Increase of Commitments; Additional
Lenders”).  Section 2.6 of the Credit Agreement is hereby amended by deleting
such Section 2.6 in its entirety and substituting a new Section 2.6 as follows:
 
SECTION 2.6  Increase of Commitments; Additional Lenders.
 
(a)           The Borrower shall have the right, without the consent of the
Lenders but with the prior approval of the Administrative Agent, not to be
 

 
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unreasonably withheld, to cause from time to time an increase in the total
Commitments of the Lenders by adding to this Agreement one or more additional
Lenders (each an “Additional Lender”) or by allowing one or more Lenders (each a
“Consenting Lender”) to increase their respective commitments; provided however
(i) no Event of Default shall have occurred hereunder which is continuing, (ii)
no such increase shall cause the aggregate Commitments hereunder to exceed
$1,000,000,000, and (iii) no Lender’s Commitment shall be increase without such
Lender’s consent.
 
(b)           An increase in the aggregate amount of the Commitments pursuant to
this Section 2.6 shall become effective upon the receipt by the Administrative
Agent of (i) an agreement in form and substance satisfactory to the
Administrative Agent signed by the Borrower, by each Additional Lender and by
each Consenting Lender, setting forth the new Commitments of such Lenders and
setting forth the agreement of each Additional Lender to become a party to this
Agreement and to be bound by all the terms and provisions hereof, together with
such evidence of appropriate authorization on the part of the Borrower with
respect to the increase in the Commitments and such opinions of counsel for the
Borrower with respect to the increase in the Commitments as the Administrative
Agent may reasonably request, and (ii) Notes executed and delivered by the
Borrower for each Consenting Lender and each Additional Lender requesting the
same, evidencing such Lenders' Commitments.
 
(c)           Upon the acceptance of any such agreement by the Administrative
Agent, the total Commitments shall automatically be increased by the amount of
the Commitments added through such agreement and Schedule 2 shall automatically
be deemed amended to reflect the Commitments of all Lenders after giving effect
to such additional Commitments and Additional Lenders, as applicable.
 
(d)           Upon any increase in the aggregate amount of the Commitments
pursuant to this Section 2.6 that is not pro rata among all Lenders, (x) within
five Business Days, in the case of any Base Rate Borrowings then outstanding,
and at the end of the then current Interest Period with respect thereto, in the
case of any Eurodollar Borrowings then outstanding, the Borrower shall prepay
such Borrowings in their entirety and, to the extent the Borrower elects to do
so and subject to the conditions specified in Article V, the Borrower shall
reborrow Borrowings from the Lenders (including any Additional Lenders) in
proportion to their respective Commitments after giving effect to such increase,
until such time as all outstanding Borrowings are held by the Lenders (including
any Additional Lenders) in such proportion and (y) effective upon such increase,
the amount of the participations held by the Lenders (including any Additional
Lenders) in the LC Outstandings shall be adjusted such-that, after giving effect
to such adjustments, each Lender (including each Additional Lender) shall hold
participations in each such LC Outstandings in the proportion its respective
Commitment bears to the aggregate Commitments after giving effect to such
increase.
 

 
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SECTION 3. Conditions to Effectiveness.
 
This Amendment shall become effective when each of the following conditions
shall have been fulfilled:
 
(i) the Borrower, the Administrative Agent and those Lenders constituting the
Required Lenders shall have executed and delivered to the Administrative Agent a
counterpart of this Amendment; and
 
(ii) each of the Guarantors shall have executed and delivered to the
Administrative Agent the Guarantors’ Acknowledgment and Agreement attached to
this Amendment.
 
The Administrative Agent shall notify the Borrower and the Lenders of the
Administrative Agent’s receipt of the documents described in the preceding
clauses (i) and (ii) and the resulting effectiveness of this Amendment in
accordance with this Section 3.

SECTION 4. Representations and Warranties.
 
The Borrower represents and warrants that (a) the representations and warranties
contained in Article VII of the Credit Agreement (with each reference therein to
(i) “this Agreement”, “hereunder” and words of like import referring to the
Credit Agreement being deemed to be a reference to this Amendment and the Credit
Agreement as amended hereby and (ii) “Credit Documents”, “thereunder” and words
of like import being deemed to include this Amendment, the Credit Agreement, as
amended hereby, and the Guarantors’ Acknowledgment and Agreement) are true and
correct in all material respects (unless they speak to a specific date, are
based on facts which have changed by transactions contemplated or expressly
permitted (including as an express exception to the restrictions set forth in
Article IX of the Credit Agreement) by the Credit Agreement or this Amendment
or, with the consent of the Required Lenders, are otherwise updated, modified or
supplemented as of a subsequent date) on and as of the date hereof as though
made on and as of such date, (b) the execution, delivery and performance of this
Amendment and the Guarantors’ Acknowledgment and Agreement have been duly
authorized by all necessary and appropriate organizational action by each
respective Company, do not violate any of the Constituent Documents of any
respective Company, and except for violations that individually or collectively
are not a Material Adverse Event, do not violate any provision of Legal
Requirement applicable to any respective Company, the agreements governing the
Senior Notes, or any other material agreement to which any respective Company is
a party, (c) upon execution and delivery of this Amendment and the Guarantors’
Acknowledgment and Agreement by each Company party to such agreements, each
document will constitute a legal and binding obligation of each such Company,
enforceable against it in accordance with its terms, except as enforceability
may be limited by Debtor Laws and general principles of equity, and (d) no event
has occurred and is continuing, or would result from the execution and delivery
of this Amendment, that constitutes an Event of Default or, to the best
knowledge of the Borrower, a Potential Default.
 

 
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        SECTION 5.  Effect on the Credit Agreement.
 
Except as specifically provided above, the Credit Agreement shall continue to be
in full force and effect and is hereby in all respects ratified and
confirmed.  The execution, delivery and effectiveness of this 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.
 
SECTION 6.  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 Amendment, including, without limitation, the reasonable fees and
out-of-pocket expenses of counsel for the Administrative Agent with respect
thereto, and all reasonable costs and expenses (including, without limitation,
counsel fees and expenses), if any, in connection with the enforcement (whether
through negotiations, legal proceedings or otherwise) of this Amendment.
 
SECTION 7.  Execution in Counterparts.
 
This Amendment may be executed in any number of counterparts and by different
parties hereto in separate counterparts (in each case, any such execution and
delivery may occur by facsimile or pdf transmission of executed counterparts or
signature pages), each of which when so executed and delivered shall be deemed
to be an original and all of which taken together shall constitute but one and
the same instrument.
 
SECTION 8.  Governing Law.
 
This Amendment shall be governed by, and construed in accordance with, the
internal laws of the State of the New York.
 

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

   
TEPPCO PARTNERS, L.P., as Borrower
 
By: TEXAS EASTERN PRODUCTS
PIPELINE COMPANY, LLC, as General Partner
 
By:     //s// William G. Manias           
Name:  William G. Manias
Title:  Vice President and Chief Financial Officer
 
 
     

SIGNATURE PAGE TO SIXTH AMENDMENT
 
 

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SUNTRUST BANK, as Administrative Agent and Lender
 
 
By:            //s// David Edge                         
Name:  David Edge
Title:  Managing Director
 

SIGNATURE PAGE TO SIXTH AMENDMENT

 
 

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WACHOVIA BANK, NATIONAL ASSOCIATION
 
 
By:  //s// Shannan Townsend                 
   Name:  Shannan Townsend
   Title:    Director
 

 

SIGNATURE PAGE TO SIXTH AMENDMENT

 
 

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BNP PARIBAS
 
 
By:  //s// Gregory E. George 
  Name:  Gregory E. George
  Title:    Managing Director
 
 
By:  //s// Greg Smothers       
  Name:  Greg Smothers 
  Title:    Director                                                              

 

 

SIGNATURE PAGE TO SIXTH AMENDMENT

 
 

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JPMORGAN CHASE BANK, N.A.
(successor by merger to Bank One, N.A. (Main Office Chicago))
 
 
By:      //s// Jennifer Fitzgerald                
  Name:  Jennifer Fitzgerald
   Title:    Associate

SIGNATURE PAGE TO SIXTH AMENDMENT

 
 

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KEYBANK, NATIONAL ASSOCIATION   
 
 
By:     //s// Lawrenca A. Mack                 
  Name:  Lawrenca A. Mack
   Title:   Executive Vice President

SIGNATURE PAGE TO SIXTH AMENDMENT

 
 

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THE ROYAL BANK OF SCOTLAND PLC
 
 
By:      //s/// Brian D. Williams                
  Name:  Brian D. Williams
   Title:    Vice President
 

SIGNATURE PAGE TO SIXTH AMENDMENT

 
 

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THE BANK OF NEW YORK
 
 
 
By:     //s//Hussam S. Alsahlani              
  Name:  Hussam S. Alsahlani
   Title:    Vice President
 

 

SIGNATURE PAGE TO SIXTH AMENDMENT

 
 

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WELLS FARGO BANK, NA
 
 
By:     //s// Charles W. Randall                 
  Name:  Charles W. Randall
   Title:    Vice President

SIGNATURE PAGE TO SIXTH AMENDMENT

 
 

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UBS LOAN FINANCE LLC
 
 
By:     //s// Richard L. Tavrow                
  Name:  Richard L. Tavrow
    Title:    Director
 
By:     //s// David B. Julie                         
  Name:  David B. Julie
    Title:    Associate Director

 

SIGNATURE PAGE TO SIXTH AMENDMENT

 
 

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UNION BANK OF CALIFORNIA, N.A.
 
 
By:     //s// Whitney Randolph                
  Name:  Whitney Randolph
   Title:    Assistant Vice President 

 

SIGNATURE PAGE TO SIXTH AMENDMENT

 
 

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CITIBANK, N.A.
 
 
 
By:     //s// Todd Mogil                               
  Name:  Todd Mogil
   Title:    Vice President

SIGNATURE PAGE TO SIXTH AMENDMENT

 
 

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LEHMAN BROTHERS BANK, FSB
 
By:     //s// Janine M. Shugan                    
  Name:  Janine M. Shugan
   Title:    Vice President, Loan Portfolio Group

 

SIGNATURE PAGE TO SIXTH AMENDMENT

 
 

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GUARANTORS’ ACKNOWLEDGMENT AND AGREEMENT

Each of the undersigned Guarantors consents to the execution and delivery by the
Borrower of this Amendment and jointly and severally ratifies and confirms the
terms of the Guaranty with respect to all indebtedness now or hereafter
outstanding under the Credit Agreement as amended hereby and all promissory
notes issued thereunder.  Each of the undersigned Guarantors acknowledges and
agrees 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 obligations of the Borrower, the Guaranty (i) is and
shall continue to be an absolute, unconditional, joint and several, continuing
and irrevocable guarantee of payment of all “Guarantor Obligations” to the
extent and as provided therein, including without limitation, all Borrowings
(including, without limitation, all Revolver Borrowings, Swingline Borrowings,
and Term Borrowings) and Letters of Credit made and issued under the Credit
Agreement, as amended, and (ii) is and shall continue to be in full force and
effect in accordance with its terms.  Nothing contained herein to the contrary
shall release, discharge, modify, change or affect the obligations or
liabilities of any Guarantor under the Guaranty.
 
 

   
VAL VERDE GAS GATHERING COMPANY, L.P.
 
By:           TEPPCO NGL Pipelines, LLC,
      its sole General Partner
 
    By:     //s// William G. Manias
  Name:  William G. Manias
      Title:  Vice President and Chief Financial Officer

 

SIGNATURE PAGE TO GUARANTORS’ ACKNOWLEDGMENT AND AGREEMENT
 
 

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TCTM, L.P.

By:           TEPPCO GP, Inc.,
its sole General Partner

By:     //s// William G. Manias
Name:  William G. Manias
Title:  Vice President and Chief Financial Officer

TEPPCO MIDSTREAM COMPANIES, LLC

By:           TEPPCO GP, Inc.,
its sole Manager

By:     //s// William G. Manias
Name:  William G. Manias
Title:  Vice President and Chief Financial Officer

 
TE PRODUCTS PIPELINE COMPANY, LLC

By:           TEPPCO GP, Inc.,
its sole Manager

By:     //s// William G. Manias
Name:  William G. Manias
Title:  Vice President and Chief Financial Officer

SIGNATURE PAGE TO GUARANTORS’ ACKNOWLEDGMENT AND AGREEMENT