| TPP      Unit Appreciation Right Grant              |
|-----------------------------------------------------|
| (Texas      Eastern Products Pipeline Company, LLC) |
|                                                |   |   |   |
| Grant      No.                                      | TPP      UAR-[______] |
|                                                |   |   |   |
| Date      of Grant:                                 | [________________] |
|                                                |   |   |   |
| Name      of Grantee:                               | [________________] |
|                                                |   |   |   |
| Grant      Price per Unit:                          | $[______] |
|                                                |   |   |   |
| Grant      Quarterly DER per Unit:                  | $[______] |
|                                                |   |   |   |
| Number      of UARs Granted:                        | [_____________] |

| 1.   | Vesting.  The      UARs shall become automatically payable on the earlier of (“the “Vesting      Date”) (i) the date which is the fifth anniversary of the Date of Grant or      (ii) the date on which you have had a Qualifying Event.  A      “Qualifying Event” means you employment with the Company and its      Affiliates is terminated due to your (x) death, (y) being disabled and      entitled to receive long-term disability benefits under the Company’s      long-term disability plan or (z) retirement with the approval of the      Committee on or after reaching age 60.  In the event your      employment with the Company and its Affiliates terminates for any reason      other than a Qualifying Event, the UARs shall automatically and      immediately be forfeited and cancelled without payment on such      date. |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2.   | No Right to      Employment.  Nothing in this Award or in the Plan shall      confer any right on you to continue employment with the Company or its      Affiliates or restrict the Company or its Affiliates from terminating your      employment at any time.  Employment with an Affiliate shall be      deemed to be employment with the Company for purposes of the      Plan.  Unless you have a separate written employment agreement      with the Company or an Affiliate, you are, and shall continue to be, an      “at will” employee. |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.   | UAR      Payment.  On the Vesting Date, the General Partner will      pay you, with respect to each UAR, an amount equal to the excess, if any,      of the Fair Market Value of a Unit on the Vesting Date over the Grant      Price per Unit.  In the sole discretion of the Committee,      payment may be made in Units, cash or any combination    thereof. |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4.   | DER      Payment.  Each quarterly distribution date beginning on      the distribution date occurring in the quarter immediately succeeding the      Grant Date and ending the |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|    | quarter      immediately preceding the Vesting Date, the General Partner will pay you      if you are an employee of EPCO, a cash payment equal to the product      of: |
|--------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (a)   | the      total number of UAR, multiplied by |
|-----------------|---------------------------------------------|

| (b)   | an      amount equal to the excess, if any, of that quarterly distribution paid      with respect to a Unit for such quarter over the Grant Quarterly DER per      Unit. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 5.   | Transferability.  None      of the UARs are transferable (by operation of law or otherwise) by you,      other than by will or the laws of descent and distribution.  If,      in the event of your divorce, legal separation or other dissolution of      your marriage, your former spouse is awarded ownership of, or an interest      in, all or part of the UARs granted hereby to you, the Award shall      automatically and immediately be forfeited and cancelled in full without      payment on such date. |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.   | Governing      Law.  This Award shall be governed by, and construed in      accordance with, the laws of the State of Texas, without regard to      conflicts of laws principlesthereof. |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.   | Plan      Controls.  This Award is subject to the terms of the      Plan, which is hereby incorporated by reference as if set forth in its      entirety herein.  In the event of a conflict between the terms      of this Award and the Plan, the Plan shall be the controlling      document.  Capitalized terms which are used, but are not      defined, in this Award have the respective meanings provided for in the      Plan. |
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