EX-10.2


 Exhibit 10.2 

Execution Version 
 NINTH
SUPPLEMENTAL INDENTURE 
 NINTH SUPPLEMENTAL INDENTURE, dated as of April 30, 2015 (this “Supplemental
Indenture”), by and among Regency Energy Partners LP, a Delaware limited partnership (“Regency Energy Partners”), Regency Energy Finance Corp., a Delaware corporation (“Finance Corp.” and,
together with Regency Energy Partners, the “Issuers”), Energy Transfer Partners, L.P., a Delaware limited partnership (the “Parent Guarantor”), the subsidiary guarantors party hereto (the
“Existing Guarantors”) and Wells Fargo Bank, National Association, as trustee under the Indenture referred to below (in such capacity, the “Trustee”). All capitalized terms used but not otherwise
defined herein shall have the respective meanings ascribed to such terms in the applicable Indenture (as defined below). 
 W I T N E S S
E T H 
 WHEREAS, the Issuers, the Existing Guarantors and the Trustee have heretofore executed and delivered an indenture, dated as of
April 27, 2010 (the “Base Indenture”); 
 WHEREAS, the following series of Debt Securities have been issued
pursuant to the Base Indenture and are outstanding as of the date of this Supplemental Indenture: the 8 3⁄8% Senior Notes due 2020 (the “2020
Notes”) issued under the Base Indenture, as supplemented by the Second Supplemental Indenture thereto dated as of May 17, 2012 (the Base Indenture, as so supplemented by the Second Supplemental Indenture and as further amended,
supplemented or otherwise modified to date, including without limitation pursuant to this Supplemental Indenture, the “2020 Notes Indenture”), and the 6 1⁄2% Senior Notes due 2021 (the “2021 Notes” and, together with the 2020 Notes, the “Outstanding Notes”) issued under the Base Indenture, as supplemented by the Fourth
Supplemental Indenture thereto dated as of May 9, 2013 (the Base Indenture, as so supplemented by the Fourth Supplemental Indenture and as further amended, supplemented or otherwise modified to date, including without limitation pursuant to
this Supplemental Indenture, the “2021 Notes Indenture”) (each of the 2020 Notes Indenture and the 2021 Notes Indenture is sometimes referred to herein as an “Indenture”); 

WHEREAS, Regency Energy Partners has entered into that certain Agreement and Plan of Merger, dated as of January 25, 2015, as amended by
Amendment No. 1 thereto, dated as of February 18, 2015 (the “Merger Agreement”), by and among Regency Energy Partners, Regency GP LP, a Delaware limited partnership, the Parent Guarantor, Energy Transfer Partners
GP, L.P., a Delaware limited partnership, Rendezvous I LLC, a Delaware limited liability company and wholly owned subsidiary of the Parent Guarantor (“Rendezvous I”), Rendezvous II LLC, a Delaware limited liability
company and wholly owned subsidiary of the Parent Guarantor, ETE GP Acquirer LLC, a Delaware limited liability company, and, solely for purposes of certain provisions therein, Energy Transfer Equity, L.P., pursuant to which, among other things,
Rendezvous I will be merged with and into Regency Energy Partners, with Regency Energy Partners continuing as the surviving entity and a wholly owned subsidiary of the Parent Guarantor (the time at which such merger becomes effective in accordance
with the Merger Agreement, the “Merger Effective Time”); 
 WHEREAS, Section 9.01(e) of each Indenture
provides, among other things, that, without the consent of any Holder of a Note, the Issuers, the Existing Guarantors and the Trustee 






 
may amend or supplement the Indenture, the Notes or the Guarantees to make any change that would provide any additional rights or benefits to the Holders of the Notes or surrender any right or
power conferred upon the Issuers or the Subsidiary Guarantors by the Indenture that does not adversely affect the legal rights thereunder of any such Holder; 

WHEREAS, as of the Merger Effective Time, the Parent Guarantor desires to fully and unconditionally guarantee all payment obligations of
the Issuers with respect to each series of the Outstanding Notes on the terms set forth herein; and 
 WHEREAS, the Issuers have requested
that the Trustee execute and deliver this Supplemental Indenture pursuant to Section 9.01(e) of the Indenture, and all conditions precedent and requirements necessary to make this Supplemental Indenture a valid and legally binding instrument in
accordance with its terms have been complied with, performed and fulfilled, and the execution and delivery hereof have been in all respects duly authorized. 

NOW, THEREFORE, in consideration of the foregoing and the mutual agreements, provisions and covenants contained herein, and other good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Issuers, the Existing Guarantors, the Parent Guarantor and the Trustee agree as follows: 

ARTICLE 1. 

REPRESENTATIONS AND WARRANTIES OF THE PARENT
GUARANTOR 
 The Parent Guarantor represents and warrants to the Trustee as follows: 

Section 1.01. Good Standing. It is a limited partnership duly formed, validly existing and, to the extent applicable, in good
standing under the laws of its state of formation as set forth in the preamble hereto. 
 Section 1.02. Authorization. The
execution, delivery and performance by it of this Supplemental Indenture have been authorized and approved by all necessary limited partnership action on its part. 

ARTICLE 2. 

PARENT GUARANTEE 

The Parent Guarantor hereby agrees that: 

Section 2.01. The Parent Guarantee. Subject to the provisions of this Article 2, the Parent Guarantor hereby agrees, as of the
Merger Effective Time, to fully and unconditionally guarantee the full and punctual payment (whether at maturity, upon acceleration, upon redemption or otherwise) of the principal of (and premium, if any) and interest on, and all other amounts
payable under, each series of the Outstanding Notes, and the full and punctual payment of all other amounts payable by the Issuers to the Holders of each series of the Outstanding Notes under the 2020 Notes Indenture and the 2021 Notes Indenture, as
the case may be (the “Parent Guarantee”). Upon the failure by the Issuers to fully and punctually pay any such amount, the Parent Guarantor shall forthwith on demand pay the amount not so paid at the place and in the manner
specified in the 2020 Notes Indenture and the 2021 Notes Indenture, as the case may be. 

  
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 Section 2.02. Parent Guarantee Unconditional. The Parent Guarantee shall be
unconditional and absolute and, without limiting the generality of the foregoing, shall not be released, discharged or otherwise affected by: 

(a) any extension, renewal, settlement, compromise, waiver or release in respect of any obligation of the Issuers under the 2020 Notes
Indenture and the 2021 Notes Indenture, as the case may be, or any series of the Outstanding Notes, by operation of law or otherwise; 
 (b)
any modification or amendment of, or supplement to, the 2020 Notes Indenture and the 2021 Notes Indenture, as the case may be, or any series of the Outstanding Notes (other than a modification, amendment or supplement effected in accordance with the
terms of the applicable Indenture that expressly releases, discharges or otherwise affects the Parent Guarantee); 
 (c) any change in the
corporate existence, structure or ownership of the Issuers, or any insolvency, bankruptcy, reorganization or other similar proceeding affecting the Issuers or their respective assets or any resulting release or discharge of any obligation of the
Issuers contained in the Indenture or any series of the Outstanding Notes; 
 (d) the existence of any claim, set-off or other right that
the Parent Guarantor may have at any time against the Issuers, the Trustee or any other Person, whether in connection with the 2020 Notes Indenture, the 2021 Notes Indenture or an unrelated transaction, provided that nothing herein prevents the
assertion of any such claim by separate suit or compulsory counterclaim; 
 (e) any invalidity, irregularity or unenforceability relating
to, or against the Issuers for any reason of, the Indenture or any series of the Outstanding Notes, or any provision of applicable law or regulation purporting to prohibit the payment by the Issuers of the principal of or interest on any series of
Outstanding Notes or any other amount payable by the Issuers under the 2020 Notes Indenture and the 2021 Notes Indenture, as the case may be; or 

(f) any other act or omission to act or delay of any kind by the Issuers, the Trustee or any other Person or any other circumstance whatsoever
which might, but for the provisions of this Section 2.02, constitute a legal or equitable discharge of or defense to the Parent Guarantor’s obligations hereunder (other than an act contemplated by the parenthetical in Section 2.02(b)
above). 
 Section 2.03. Discharge Only Upon Payment in Full; Reinstatement in Certain Circumstances. Subject to
Section 2.08, the Parent Guarantee shall remain in full force and effect until the principal of (and premium, if any) and interest on, and all other amounts payable under, each series of the Outstanding Notes, and all other amounts payable by
the Issuers to the Holders of each series of the Outstanding Notes under the 2020 Notes Indenture and the 2021 Notes Indenture, as the case may be, have been paid in full. If at any time any payment of the principal of (or premium, if any) or
interest on, or any other amounts payable under, any series of 

  
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the Outstanding Notes or any other amount payable by the Issuers to the Holders of any series of the Outstanding Notes under the 2020 Notes Indenture and the 2021 Notes Indenture, as the case may
be, is rescinded or must be otherwise restored or returned upon the insolvency, bankruptcy or reorganization of the Issuers or otherwise, the Parent Guarantee with respect to such payment shall be reinstated as though such payment had been due but
not made at such time. 
 Section 2.04. Waiver by the Parent Guarantor. The Parent Guarantor irrevocably waives acceptance
hereof, presentment, demand, protest and any notice not provided for herein, as well as any requirement that at any time any action be taken by any Person against the Issuers or any other Person. 

Section 2.05. Subrogation. The Parent Guarantor agrees that, until the indefeasible payment and satisfaction in full in cash of
all applicable obligations under each series of Outstanding Notes, the Parent Guarantee and the applicable Indenture with respect to such series of Outstanding Notes, the Parent Guarantor shall waive any claim and shall not exercise any right or
remedy, direct or indirect, arising by reason of any performance by it of the Parent Guarantee, whether by subrogation or otherwise, against the Issuers. 

Section 2.06. Stay of Acceleration. If acceleration of the time for payment of any amount payable by the Issuers to the Holders of
any series of Outstanding Notes under the 2020 Notes Indenture and the 2021 Notes Indenture, as the case may be, or the Outstanding Notes is stayed upon the insolvency, bankruptcy or reorganization of the Issuers, all such amounts otherwise subject
to acceleration under the terms of the 2020 Notes Indenture and the 2021 Notes Indenture, as the case may be, are nonetheless payable by the Parent Guarantor hereunder forthwith on demand by the Trustee or the Holders of such series of Outstanding
Notes. 
 Section 2.07. Notation of Parent Guarantee Not Required. The Parent Guarantor acknowledges that the Parent Guarantee
shall remain in full force and effect notwithstanding the absence on any Outstanding Note of a notation relating to the Parent Guarantee. 

Section 2.08. Release of Parent Guarantor. The Parent Guarantor’s obligations under the Parent Guarantee with respect to a
series of Outstanding Notes shall terminate (a) upon satisfaction and discharge of the applicable Indenture pursuant to Article 11 of such Indenture, (b) upon Legal Defeasance or Covenant Defeasance pursuant to Article 8 of such Indenture
or (c) on the date on which the Parent Guarantor becomes a co-obligor of the obligations of the Issuers with respect to such series of Outstanding Notes. Upon delivery by the Issuers to the Trustee of an Officers’ Certificate and an
Opinion of Counsel to the foregoing effect, the Trustee shall execute any documents reasonably required in order to evidence the release of the Parent Guarantor from its obligations under the Parent Guarantee. 

Section 2.09. Benefits Acknowledged. The Parent Guarantor acknowledges that it will receive direct and indirect benefits from the
financing arrangements contemplated by each Indenture and that the guarantee and waivers made by the Parent Guarantor pursuant to the Parent Guarantee are knowingly made in contemplation of such benefits. 

  
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 ARTICLE 3. 

AMENDMENT OF INDENTURE 

With respect to each series of Outstanding Notes, Section 1.02 of each Indenture is hereby amended by inserting or restating, as the case
may be, each of the following defined terms in its appropriate alphabetical position: 
 “Parent Guarantee” has the
meaning given to such term in Section 2.01 to the Ninth Supplemental Indenture hereto, dated as of April 30, 2015. 

“Parent Guarantor” means Energy Transfer Partners, L.P., but only for so long as Energy Transfer Partners, L.P.
remains obligated under the Parent Guarantee pursuant to the terms of the Ninth Supplemental Indenture hereto, dated as of April 30, 2015. 

ARTICLE 4. 

MISCELLANEOUS 

Section 4.01. General References. Unless otherwise specified or unless the context otherwise requires, (i) all references in
this Supplemental Indenture to Articles and Sections refer to the corresponding Articles and Sections of this Supplemental Indenture and (ii) the terms “herein,” “hereof,” “hereunder” and any other word of similar
import refers to this Supplemental Indenture. 
 Section 4.02. Effectiveness of Supplemental Indenture. Notwithstanding anything
to the contrary elsewhere herein, this Supplemental Indenture shall become effective only as of the Merger Effective Time. Promptly after the Merger Effective Time, the Issuers shall provide notice thereof to the Trustee. If the Issuers notify the
Trustee in writing that the Merger Effective Time will not occur, then the provisions hereof shall not become effective. Upon the effectiveness of this Supplemental Indenture, each of the 2020 Notes Indenture and the 2021 Notes Indenture shall be
and be deemed to be modified and amended in accordance herewith and the respective rights, limitations of rights, obligations, duties and immunities under such Indenture of the Trustee, the Issuers and the Holders affected thereby shall hereafter be
determined, exercised and enforced hereunder subject in all respects to such modifications and amendments, and all the terms and conditions of this Supplemental Indenture shall be and be deemed to be part of the terms and conditions of each of the
2020 Notes Indenture and the 2021 Notes Indenture for any and all purposes. 
 Section 4.03. Indenture Remains in Full Force and
Effect. Except as amended and supplemented hereby, all provisions in each of the 2020 Notes Indenture and the 2021 Notes Indenture shall remain in full force and effect and are in all respects ratified and confirmed. Notwithstanding anything to
the contrary herein, as to the Holders of each series of Outstanding Notes, the provisions of this Supplemental Indenture are intended to either (x) provide additional rights or benefits to such Holders or (y) not adversely affect the
legal rights of such Holders, and this Supplemental Indenture shall be construed and enforced to give effect to the foregoing. 

Section 4.04. Supplemental Indenture Controls. If there is any conflict or inconsistency between the 2020 Notes Indenture and the
2021 Notes Indenture, as the case may be, and this Supplemental Indenture, the provisions of this Supplemental Indenture shall control. 

Section 4.05. No Recourse Against Others. No past, present or future director, officer, partner, member, employee, incorporator,
manager or unit holder or other owner of Equity 

  
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Interests of the Parent Guarantor, as such, shall have any liability for any obligations of the Issuers, any Existing Guarantor or the Parent Guarantor under any series of Outstanding Notes, any
Guarantees, the 2020 Notes Indenture and the 2021 Notes Indenture, as the case may be, or this Supplemental Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder of any series of
Outstanding Notes by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of such Outstanding Notes. Such waiver may not be effective to waive liabilities under the federal
securities laws and it is the view of the SEC that such a waiver is against public policy. 
 Section 4.06. Notices and Demands.
Any notice, demand, direction, request or other document that is required or permitted by any provision of this Supplemental Indenture or the applicable Indenture to be given or made by the Trustee or by the Holders of any series of Outstanding
Notes to or upon the Parent Guarantor shall be given or made by postage-prepaid, first-class mail addressed (until another address of the Parent Guarantor is filed by the Parent Guarantor with the Trustee), to Energy Transfer Partners, L.P., 3738
Oak Lawn Avenue, Dallas, Texas 75219, Attention: General Counsel. 
 Section 4.07. Successors and Assigns. All covenants and
agreements in this Supplemental Indenture made by the Issuers, the Existing Guarantors, the Parent Guarantor or the Trustee shall bind their respective successors and assigns, whether so expressed or not. 

Section 4.08. Severability. If any provision of this Supplemental Indenture shall be invalid, illegal or unenforceable, the
validity, legality and enforceability of the remaining provisions hereof shall not in any way be affected or impaired thereby, and no Holder of any series of Outstanding Notes shall have any claim therefor against any party hereto. 

Section 4.09. Governing Law. THE LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE THIS SUPPLEMENTAL
INDENTURE. 
 Section 4.10. Counterparts. The parties may sign any number of copies of this Supplemental Indenture. Each
signed copy shall be an original, but all of them together represent the same agreement. 
 Section 4.11. Effect of Headings.
The Article and Section headings herein are for convenience only and shall not affect the construction hereof. 
 Section 4.12.
Obligations Under Indenture. For the avoidance of doubt, the Parent Guarantor shall not be bound by any obligations or covenants under the Indenture except as set forth in this Supplemental Indenture or as otherwise required by the TIA. 

Section 4.13. The Trustee. The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or
sufficiency of this Supplemental Indenture or for or in respect of the recitals contained herein, all of which recitals are made solely by the Issuers, the Existing Guarantors and the Parent Guarantor. 

Signature pages follow. 

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

					
	ISSUERS:
	
	REGENCY ENERGY PARTNERS LP
		
	By:		Regency GP LP, its general partner
	By:		Regency GP LLC, its general partner
		
	By:		 /s/ Thomas E. Long

			Name:		Thomas E. Long
			Title:		Chief Financial Officer
	
	REGENCY ENERGY FINANCE CORP.
		
	By:		 /s/ Thomas E. Long

			Name:		Thomas E. Long
			Title:		Vice President
	
	PARENT GUARANTOR:
	
	ENERGY TRANSFER PARTNERS, L.P.
		
	By:		Energy Transfer Partners GP, L.P., its general partner
	By:		Energy Transfer Partners, L.L.C., its general partner
		
	By:		 /s/ Thomas P. Mason

			Name:		Thomas P. Mason
			Title:		Senior Vice President, General Counsel and Secretary



  
 Ninth Supplemental
Indenture to 
 Wells Fargo April 2010 Indenture 







 
					
	EXISTING GUARANTORS:
	
	REGENCY OLP GP LLC
		
	By:	 	 /s/ Thomas E. Long

		 	Name:	 	Thomas E. Long
		 	Title:	 	Vice President
	
	REGENCY GAS SERVICES LP
		
	By:	 	Regency OLP GP LLC, its general partner
		
	By:	 	 /s/ Thomas E. Long

		 	Name:	 	Thomas E. Long
		 	Title:	 	Vice President
	
	CDM HOLDINGS LLC
		 	By:	 	CDM Resource Management LLC, its sole member
	 CDM RESOURCE MANAGEMENT LLC

	 CMA PIPELINE PARTNERSHIP, LLC

	 CONNECT GAS PIPELINE LLC

	 FRONTSTREET HUGOTON LLC

	 GALVESTON BAY GATHERING, LLC

	 GULF STATES TRANSMISSION LLC

	 HESCO GATHERING COMPANY, LLC

	 HESCO PIPELINE COMPANY, LLC

	 MIDSTREAM GAS SERVICES LLC

	 PENN VIRGINIA OPERATING CO., LLC

	 PVR MIDSTREAM JV HOLDINGS LLC

	 REGENCY CRUDE MARKETING LLC

	 REGENCY DESOTO PIPELINE LLC

	 REGENCY DESOTO-HESCO SERVICES LLC

	 REGENCY ERCP LLC

	 REGENCY FIELD SERVICES LLC

	 REGENCY GAS UTILITY LLC

	 REGENCY GOM LLC

	 REGENCY HAYNESVILLE INTRASTATE GAS LLC

	 REGENCY HYDROCARBONS LLC

	 REGENCY LAVERNE LLC

	 REGENCY LIQUIDS PIPELINE LLC

	 REGENCY MARCELLUS GAS GATHERING LLC




  
 Ninth Supplemental
Indenture to 
 Wells Fargo April 2010 Indenture 







 
							
	 REGENCY MI VIDA LLC

	 REGENCY MIDCONTINENT EXPRESS LLC

	 REGENCY MIDSTREAM LLC

	 REGENCY NEPA GAS GATHERING LLC

	 REGENCY PIPELINE LLC

	 REGENCY QUITMAN GATHERING LLC

	 REGENCY RANCH JV LLC

	 REGENCY TEXAS PIPELINE LLC

	 REGENCY UTICA HOLDCO LLC

	 REGENCY UTICA GAS GATHERING LLC

	 REGENCY VAUGHN GATHERING LLC

	 RGP MARKETING LLC

	 RGU WEST LLC

	 RHEP CRUDE LLC

	 SUPERIOR GAS COMPRESSION, LLC

	 WGP-KHC, LLC

			By:		FrontStreet Hugoton LLC,
					its sole member
	By:		Regency Gas Services LP, its sole member
	By:		Regency OLP GP LLC, its general partner
		
	By:		 /s/ Thomas E. Long

			Name:		Thomas E. Long
			Title:		Vice President
	
	 RGP WESTEX GATHERING INC.

	 WEST TEXAS GATHERING COMPANY

		
	By:		 /s/ Thomas E. Long

			Name:		Thomas E. Long
			Title:		Vice President



  
 Ninth Supplemental
Indenture to 
 Wells Fargo April 2010 Indenture 







 
					
	 DULCET ACQUISITION LLC

	 FIELDCREST RESOURCES LLC

	 K RAIL LLC

	 KANAWHA RAIL LLC

	 LJL, LLC

	 LOADOUT LLC

	 SUNCREST RESOURCES LLC

	 TONEY FORK LLC

	By:		Penn Virginia Operating Co., LLC, its sole member
	By:		Regency Gas Services LP, its sole member
	By:		Regency OLP GP LLC, its general partner
		
	By:		 /s/ Thomas E. Long

			Name:		Thomas E. Long
			Title:		Vice President



  
 Ninth Supplemental
Indenture to 
 Wells Fargo April 2010 Indenture 







 
					
	TRUSTEE:
	
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee
		
	By:		 /s/ John C. Stohlmann

			Name:		John C. Stohlmann
			Title:		Vice President



  
 Ninth Supplemental
Indenture to 
 Wells Fargo April 2010 Indenture