Document:

EX-4.1

 Exhibit 4.1 

JABIL INC. 
 OFFICERS’
CERTIFICATE PURSUANT TO 
 SECTIONS 1.2, 3.1 AND 3.3 OF THE INDENTURE 

January 15, 2020 
 We, the
undersigned, in our respective capacities as the Chief Financial Officer and the Senior Vice President, Treasurer of Jabil Inc., a corporation duly organized and existing under the laws of the State of Delaware (the “Company”) (and
not in our individual capacities), hereby certify to U.S. Bank National Association, a national banking association, as trustee (the “Trustee”) pursuant to and in accordance with Sections 1.2, 3.1 and 3.3 of the Indenture,
dated as of January 16, 2008 (the “Indenture”), between the Company and the Trustee, as successor trustee to The Bank of New York Mellon Trust Company, N.A. (formerly known as The Bank of New York Trust Company,
N.A.), that: 
  

	(1)	 The issuance of securities under the series designated as 3.600% Senior Notes due 2030, in an aggregate
principal amount of $500,000,000 (the “Notes”), has been approved and authorized in accordance with the provisions of the Indenture pursuant to resolutions duly adopted by the Board of Directors of the Company on December 13,
2019 authorizing the issuance of the Notes, which resolutions have been certified by the Corporate Secretary of the Company as being in full force and effect on the date hereof, and by this Officers’ Certificate, dated January 15, 2020,
relating to the Notes. 

  

	(2)	 To the best of our knowledge, no event which is, or after notice or lapse of time would become, an Event of
Default (as defined in Annex I hereto) with respect to any of the Notes has occurred and is continuing. 

  

	(3)	 The terms of the Notes shall be as follows: 

 

	 	(i)	 The title of the Notes shall be “3.600% Senior Notes due 2030.” 

 

	 	(ii)	 The Notes are to be issued in registered form. The Notes are to be issued initially in an aggregate principal
amount of $500,000,000; provided, however, that the aggregate principal amount of the Notes that may be outstanding may be increased by the Company upon the terms and subject to the conditions set forth in the Indenture and the Notes. The Notes are
to be issued initially in global form, as further set forth in Annex I. Beneficial owners of interests in the Notes may exchange such interests in accordance with the Indenture and the terms of the Notes, and as further set forth in
Annex I. 

  

	 	(iii)	 The Notes will mature on January 15, 2030. 

 

	 	(iv)	 The Notes will bear interest at a rate of 3.600% per annum from January 15, 2020. The initial Interest
Payment Date for the Notes will be July 15, 2020. 

  

	 	(v)	 The Interest Payment Dates on which interest shall be payable and the Regular Record Date for the interest
payable on any Interest Payment Date will be as set forth in the Specimen Note attached as Exhibit A hereto (the “Specimen Note”). 

  
 1 

	 	(vi)	 Principal, premium, if any, and interest on the Notes are payable at the corporate trust office of the Trustee
located at 225 E. Robinson Street, Suite 250, Orlando, Florida 32801, except as otherwise provided in the Specimen Note. 

  

	 	(vii)	 The Notes are issuable in minimum denominations of $2,000 and integral multiples of $1,000 in excess thereof.

  

	 	(viii)	 The Notes are subject to redemption at the option of the Company, as set forth in the Specimen Note.

  

	 	(ix)	 The Company may be required to offer to repurchase the Notes in whole or in part in connection with the
occurrence of a Change of Control Repurchase Event, as set forth in the Specimen Note. 

  

	 	(x)	 The Notes will not be subject to any sinking fund or analogous provision. 

 

	 	(xi)	 The provisions in the Indenture relating to defeasance and covenant defeasance shall apply to the Notes.

  

	 	(xii)	 The “Depository” with respect to the Notes will initially be The Depository Trust Company.

  

	 	(xiii)	 Interest on the Notes will be computed and paid on the basis of a
360-day year of twelve 30-day months. 

  

	 	(xiv)	 References herein to principal, premium, if any, and interest payable on the Notes shall include any Successor
Additional Amount payable pursuant to Section 8.1(b) of the Indenture. 

  

	 	(xv)	 The Notes are not convertible into shares of Common Stock of the Company or exchangeable for other securities.

 Capitalized terms used herein and not otherwise defined herein have the meanings specified in the Indenture or the
Specimen Note, as applicable. The foregoing terms of the Notes are qualified by the complete text of the Specimen Note and Annex I, which are attached hereto and incorporated herein by reference. Except as otherwise set
forth herein and in the Notes, the terms of the Notes shall be as set forth in the Indenture, including those made part of the Indenture by reference to the Trust Indenture Act. 

Each of the undersigned has read all of the conditions relating to the execution, authentication and delivery of the Notes contained in the
Indenture and the definitions therein relating thereto, has read the certified copy of the Board of Directors’ resolutions referred to herein and has examined the Specimen Note attached hereto. In the opinion of each of the undersigned, he has
made such examination or investigation as is necessary to enable him to express an informed opinion as to whether or not all such conditions precedent have been complied with and, in the opinion of each of the undersigned, all such conditions
precedent have been complied with. 

  
 2 

 Insofar as this certificate relates to legal matters, it is based, as provided for in
Section 1.3 of the Indenture, upon the Opinion of Counsel delivered to the Trustee contemporaneously herewith pursuant to Section 3.3 of the Indenture and relating to the Notes. 

  
 3 

 IN WITNESS WHEREOF, the undersigned have executed this Officers’ Certificate as of the
date first set forth above. 
 JABIL INC. 

 

					
	By:	 	 /s/ Michael Dastoor

		 	Name:	 	Michael Dastoor
		 	Title:	 	Chief Financial Officer

  

					
	By:	 	 /s/ Sergio A. Cadavid

		 	Name:	 	Sergio A. Cadavid
		 	Title:	 	Senior Vice President, Treasurer

  
 [Signature Page
to Officers’ Certificate Pursuant to the Indenture] 

 Exhibit A 

[Specimen Note] 

  

 THIS SECURITY IS A GLOBAL SECURITY. UNLESS THIS SECURITY IS PRESENTED BY AN AUTHORIZED
REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (THE “DEPOSITORY”) TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY SECURITY ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME
AS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR
VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 
  

			
	 REGISTERED
	  	 PRINCIPAL AMOUNT

	 No:
	  	
$[·]

 CUSIP: 
 ISIN: 

Jabil Inc. 
 3.600% SENIOR
NOTES DUE 2030 
 JABIL INC., a Delaware corporation (the “Company,” which term includes any successor corporation
under the Indenture hereinafter referred to), for value received hereby promises to pay to Cede & Co., or registered assigns, the principal sum of [●] ($[●]) on January 15, 2030 (“Stated Maturity”)
and to pay interest thereon from [●], 20[●] or from the most recent date in respect of which interest has been paid or duly provided for, on January 15 and July 15 of each year (each such date, an “Interest Payment
Date”), commencing [●], 20[●], and at Stated Maturity or upon such other date on which the principal of this Note becomes due and payable, whether by declaration of acceleration, notice of redemption or otherwise, and
including any Redemption Date or Change of Control Purchase Date (each such date, “Maturity”), at the rate of 3.600% per annum (which interest rate may be adjusted as set forth on the reverse hereof), until the principal
hereof and premium, if any, hereon is paid or duly made available for payment and on any overdue principal or premium, if any, and (to the extent that payout of such interest is lawful) on any overdue installment of interest at the same rate per
annum during the period in which such principal or premium, if any, or interest remains unpaid. The interest so payable, and punctually paid or duly provided for, on any Interest Payment Date will, as provided in the Indenture referred to below, be
paid to the Person in whose name this Note (or one or more Predecessor Securities) is registered as of the close of business on January 1 or July 1, as the case may be (whether or not a Business Day), immediately preceding such Interest
Payment Date (each such date, a “Regular Record Date”). Any such interest that is payable, but is not punctually paid or duly provided for, on any Interest Payment Date shall forthwith cease to be payable to the Holder of
this Note on such Regular Record Date by virtue of having been such Holder, and may be paid to the Person in whose name this Note (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date for the payment
of such defaulted interest to be fixed by the Company, notice whereof shall be given to the Holder of this Note not less than 10 days prior to such Special Record Date, or may be paid in any other lawful manner not inconsistent with the
requirements of any securities exchange on which the Notes may be listed, and upon such notice as may be required by such exchange, all as more fully provided in the Indenture. 

Payment of the principal of, and premium, if any, and interest on, this Note will be made at the office or agency maintained for that purpose
in the Borough of Manhattan, The City of New York, in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts; provided, however, that payment of interest
may be made at the option of the Company (i) by check mailed to the Person in whose name this Note is registered at the close of business on the related record date at such Person’s registered address or (ii) upon request of any
holder of at least $1,000,000 principal amount of Notes, wire transfer to an account located in the United States maintained by the payee; provided further, that, notwithstanding anything else contained herein, if this Note is a Global
Security and is held in book-entry form through the facilities of the Depository, payments on this Note will be made to the Depository or its nominee in accordance with the arrangements then in effect between
the Trustee and the Depository. 

 Reference is hereby made to the further provisions of this Note set forth on the succeeding
pages hereof, which further provisions shall for all purposes have the same effect as if set forth herein. 
 IN WITNESS WHEREOF, JABIL INC.
has caused this instrument to be duly executed. 
  

					
	JABIL INC.
		
	By:	 	  

		 	Name:	 	Michael Dastoor
		 	Title:	 	Chief Financial Officer

 Attest: 

 

					
	By:	 	  

		 	Name:	 	Susan Wagner-Fleming
		 	Title:	 	Vice President, Deputy General Counsel & Corporate Secretary

 Date: 

  
 -2- 

 CERTIFICATE OF AUTHENTICATION 

This is one of the Securities of the series designated herein, referred to in the within-mentioned
Indenture. 
  

			
	U.S. BANK NATIONAL ASSOCIATION, as Trustee

 
			
		
	By:	 	  

		 	Authorized Signatory

 Date: 

  
 -3- 

 Jabil Inc. 

3.600% SENIOR NOTES DUE 2030 

This Note is one of a duly authorized issue of Securities of the Company issued under an Indenture, dated as of January 16, 2008 (the
“Indenture”), between the Company and U.S. Bank National Association, as successor trustee to The Bank of New York Mellon Trust Company, N.A. (the “Trustee,” which term includes any further successor
trustee under the Indenture), designated as the 3.600% Senior Notes due 2030 (the “Notes”), limited to $[●] aggregate principal amount, subject to the provisions of the Indenture. Reference is made to the Indenture for
a statement of the respective rights, limitations of rights, duties and immunities thereunder of the Company, the Trustee and the Holders of the Notes and of the terms upon which the Notes are, and are to be, authenticated and delivered. All terms
used in this Note set forth below which are not defined herein and which are defined in the Indenture shall have the meanings assigned to them in the Indenture. 

The Indenture provides for the defeasance of the Notes and certain covenants in certain circumstances. 

This Note is unsecured as to payment of principal and premium, if any, and interest, and ranks pari passu with all
other unsecured senior indebtedness of the Company. 
 Interest payments on this Note will include interest accrued to but excluding the
applicable Interest Payment Date or Maturity hereof, as the case may be. Interest payments for this Note shall be computed and paid on the basis of a 360-day year of twelve
30-day months. 
 In the case where the applicable Interest Payment Date or Maturity with respect
hereto, as the case may be, does not fall on a Business Day, payment of principal, premium, if any, or interest otherwise payable on such day need not be made on such day, but may be made on the next succeeding Business Day with the same force and
effect as if made on the Interest Payment Date or at Maturity and, unless the Company defaults on such payment, no interest shall accrue with respect to such payment for the period from and after the Interest Payment Date or such Maturity, as the
case may be, to the date of payment on such next succeeding Business Day. “Business Day” means any day, other than a Saturday or Sunday, that is neither a legal holiday nor a day on which banking institutions are authorized or required by
law, regulation or executive order to close in The City of New York. 
 The Notes will not be subject to any sinking fund and, except as
provided in the Indenture or herein, will not be redeemable or repayable prior to their Stated Maturity. 
 Prior to October 15, 2029
(the “Par Call Date”), the Company will be entitled, at its option, to redeem all or a portion of the Notes at a Redemption Price equal to 100% of the principal amount of the Notes to be redeemed plus the Applicable Premium
for such Notes, and accrued and unpaid interest, if any, to, but excluding, the Redemption Date. In addition, on or after the Par Call Date, the Company may redeem all or a portion of the Notes at a Redemption Price equal to 100% of the principal
amount thereof, plus accrued and unpaid interest, if any, to, but excluding, the Redemption Date. Calculation of the Redemption Price will be made by the Company or on its behalf by such Person as the Company shall designate; provided, that
such calculation or the correctness thereof shall not be a duty or obligation of the Trustee. 
 If the optional Redemption Date is on or
after an interest record date but on or prior to the related Interest Payment Date, then any accrued and unpaid interest in respect of Notes subject to redemption will be paid on the Redemption Date to the Person in whose name the Note is registered
at the close of business on such record date, and no additional interest will be payable to holders whose Notes will be subject to redemption. 

The following definitions shall apply to this Note: 

“Applicable Premium” means with respect to a Note at any Redemption Date, the excess of (1) the present value at
such redemption date of the Remaining Scheduled Payments on such Note (but excluding accrued and unpaid interest, if any, to, but excluding, the Redemption Date), computed using a discount rate equal to the Adjusted Treasury Rate, over (2) the
principal amount of such Note on such Redemption Date. 

  
 -4- 

 “Adjusted Treasury Rate” means, with respect to any Redemption Date,
(1) the arithmetic average of the yields in each statistical release for the immediately preceding week designated “H.15” or any successor publication which is published by the Board of Governors of the Federal Reserve System and
which establishes yields on actively traded United States Treasury securities adjusted to constant maturity under “U.S. government securities — Treasury constant maturities — nominal,” for the maturity corresponding to the
Comparable Treasury Issue (or if no maturity is within three months before or after the remaining term of the Notes to be redeemed, yields for the two published maturities most closely corresponding to the Comparable Treasury Issue will be
determined and the Adjusted Treasury Rate will be interpolated or extrapolated from such yields on a straight line basis, rounding to the nearest month) or (2) if such release (or any successor release) is not published during the week
preceding the calculation date or does not contain such yields, the rate per year equal to the semi-annual equivalent yield-to-maturity of the Comparable Treasury Issue,
calculated using a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for such redemption date, in each case calculated on the third Business Day immediately preceding
the date that the applicable redemption notice is first mailed or sent, in each case, plus 30 basis points. 
 “Comparable
Treasury Issue” means the United States Treasury security selected by the Quotation Agent as having a maturity comparable to the remaining term of the Notes from the Redemption Date to the Par Call Date that would be utilized, at the
time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt Securities of a maturity most nearly equal to the Par Call Date. 

“Comparable Treasury Price” means, with respect to any Redemption Date, if clause (2) of the Adjusted Treasury
Rate definition is applicable, the arithmetic average of two Reference Treasury Dealer Quotations for such Redemption Date. 

“Quotation Agent” means the Reference Treasury Dealer selected by the Company. 

“Reference Treasury Dealer” means each of BofA Securities, Inc. and its successors and assigns, Mizuho Securities USA
LLC and its successors and assigns, one Primary Treasury Dealer (as defined herein) selected by MUFG Securities Americas Inc. and its successors and assigns and one Primary Treasury Dealer selected by SMBC Nikko Securities America, Inc. and its
successors and assigns, provided, however, that if any of the foregoing shall cease to be a primary U.S. Government securities dealer in New York City (a “Primary Treasury Dealer”), the Company shall substitute therefor another Primary
Treasury Dealer. 
 “Reference Treasury Dealer Quotations” means with respect to each Reference Treasury Dealer and
any Redemption Date, the arithmetic average, as determined by the Company, of the bid and asked prices for the Comparable Treasury Issue, expressed in each case as a percentage of its principal amount, quoted in writing to the Company by such
Reference Treasury Dealer at 5:00 p.m., New York City time, on the third Business Day immediately preceding the Redemption Date. 

“Remaining Scheduled Payments” means the remaining scheduled payments of principal of and interest on the Notes that
would be due after the Redemption Date but for such redemption if the Notes matured on the Par Call Date. If the Redemption Date is not an interest payment date, the amount of the next succeeding scheduled interest payment on the Notes will be
reduced by the amount of interest accrued thereon to the Redemption Date. 
 Notice of any redemption will be given at least 30 days but not
more than 60 days before the Redemption Date to each holder of the Notes to be redeemed. If less than all of the Notes are to be redeemed, the Notes or portions thereof shall be selected in authorized denominations in accordance with the policies
and procedures of DTC. 

  
 -5- 

 Unless the Company defaults in payment of the Redemption Price, on and after the Redemption
Date interest will cease to accrue on the Notes, or portions thereof, called for redemption. 
 The payment of principal of, or premium, if
any, or interest on, or in respect of, this Note shall be deemed to include the payment of Successor Additional Amounts provided for in the Indenture or herein to the extent that, in such context, Successor Additional Amounts are, were or would be
payable in respect thereof pursuant to the Indenture or this Note. 
 Subject to the terms and conditions of the Indenture, if, on or prior
to Maturity, a Change of Control Repurchase Event occurs, unless the Company shall have redeemed the Notes prior to such occurrence, the Company shall, at the option of the Holders thereof, purchase all or any part (in excess of $2,000 and in
integral multiples of $1,000 in excess thereof) of such Holder’s Notes for which a Change of Control Purchase Notice shall have been delivered as provided in the Indenture and not withdrawn by a date which shall be no earlier than 30 days
and no later than 60 days from the date that a Repurchase Offer Notice is delivered with respect to the occurrence of such Change of Control, at a repurchase price in cash equal to 101% of the aggregate principal amount of the Notes repurchased
plus accrued and unpaid interest, if any, on the Notes repurchased to, but excluding, the Change of Control Purchase Date. 
 Any Holder
delivering a Change of Control Purchase Notice shall have the right to withdraw such Change of Control Purchase Notice at any time prior to or on the Change of Control Purchase Date by delivery of a written notice of withdrawal in accordance with
the provisions of the Indenture. 
 If any Event of Default with respect to the Notes shall occur and be continuing, the principal of the
Notes may be declared due and payable in the manner and with the effect provided in the Indenture. 
 As set forth in, and subject to the
provisions of, the Indenture, no Holder of any Note shall have any right to institute any proceeding, judicial or otherwise, with respect to the Indenture, or for the appointment of a receiver or trustee, or for any remedy thereunder, unless
(i) such Holder has previously given written notice to the Trustee of a continuing Event of Default with respect to the Notes, (ii) the Holders of not less than 25% in principal amount of the Outstanding Notes shall have made written
request to the Trustee to institute such proceedings in respect of such Event of Default in its own name as Trustee thereunder, (iii) such Holder or Holders have offered to the Trustee such indemnity as is reasonably satisfactory to it against
the costs, expenses and liabilities to be incurred in compliance with such request, (iv) the Trustee for 60 days after its receipt of such notice, request and offer of indemnity has failed to institute any such proceeding and (v) no
direction inconsistent with such written request has been given to the Trustee during such 60-day period by the Holders of a majority in principal amount of the Outstanding Notes; provided,
however, that such limitations do not apply to a proceeding instituted by the Holder hereof for the enforcement of payment of the principal of, any premium and (subject to certain provisions of the Indenture) interest on, and, if applicable,
the Change of Control Purchase Price or any Additional Amounts with respect to, this Note on the respective Stated Maturity or Maturities expressed herein, or, in the case of redemption, on the Redemption Date or, in the case of repayment at the
option of the Holder, on the date such repayment is due, or, in the case of a Change of Control or as to any Change of Control Purchase Notice given timely, on the Change of Control Purchase Date. 

The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights and obligations
of the Company and the rights of the Holders of the Notes at any time by the Company and the Trustee by entering into an indenture or indentures supplemental thereto with the consent of the Holders of not less than a majority in aggregate principal
amount of the Outstanding Notes. The Indenture also permits the Holders of not less than a majority in principal amount of the Notes at the time Outstanding, on behalf of the Holders of all of the Notes, to prospectively waive compliance by the
Company with certain restrictive provisions of the Indenture and to waive certain past defaults under the Indenture and their consequences. Any such consent or waiver by the Holder of this Note shall be conclusive and binding upon such Holder and
upon all future Holders of any Note issued upon the registration of transfer hereof or in exchange for or in lieu hereof, whether or not notation of such consent or waiver is made upon this Note. 

  
 -6- 

 No reference to the Indenture and no provision of this Note or of the Indenture shall alter
or impair the obligation of the Company, which is absolute and unconditional, to pay the principal of and premium, if any, and any interest on this Note at the times, places and rate, and in the coin or currency, herein prescribed. 

The Notes are issuable only in fully registered form in denominations of $2,000 and integral multiples of $1,000 in excess thereof. As
provided in the Indenture and subject to certain limitations therein set forth, this Note is exchangeable for a like aggregate principal amount of Notes of this series and of like tenor of any authorized denomination, as requested by the Holder
surrendering the same. As provided in the Indenture and subject to certain limitations therein set forth, the transfer of this Note is registrable in the Security Register, upon surrender of this Note for registration of transfer at the office or
agency of the Company in any place where the principal of and any interest on this Note are payable or at such other offices or agencies as the Company may designate, duly endorsed by, or accompanied by a written instrument of transfer in form
satisfactory to, the Company and the Security Registrar or any transfer agent duly executed by the registered owner hereof or his/her attorney duly authorized in writing, and thereupon one or more new Notes of this series and of like tenor, of
authorized denominations and for the same aggregate principal amount and Stated Maturity will be issued to the designated transferee or transferees. 

Subject to the terms of the Indenture, prior to due presentment of this Note for registration of transfer, the Company, the Trustee and any
agent of the Company or the Trustee may treat the Person in whose name this Note is registered as the owner hereof for all purposes, whether or not this Note is overdue, and neither the Company, the Trustee nor any such agent shall be affected by
notice to the contrary. 
 No service charge shall be made for any registration of transfer or exchange of this Note, but, subject to
certain limitations set forth in the Indenture, the Company may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith. 

The Indenture and this Note shall be governed by and construed in accordance with the laws of the State of New York applicable to agreements
made or instruments entered into and, in each case, performed in said State. 
 This Note shall not be valid or become obligatory for any
purpose until the Trustee’s Certificate of Authentication hereon shall have been executed by the Trustee. 

  
 -7- 

 ASSIGNMENT 

FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers unto 

 
  

Please insert Social Security or other identifying number of assignee 
  

 
 (please print or type name and address
of assignee) 
 the within Note and all rights thereunder and does hereby irrevocably constitute and appoint the aforesaid assignee attorney to transfer the
within Note on the books kept for registration thereof, with full power of substitution in the premises. 
 Dated:
                                         
                                         
           
 In the presence of:
                                         
                                 

NOTICE: The signature to this assignment must correspond with the name as it appears upon the face of the within Note in every particular, without alteration
or enlargement or any change whatever. When assignment is made by a guardian, trustee, executor or administrator, an officer of a corporation, or anyone in a representative capacity, proof of his or her authority to act must accompany the Note. The
signature must be guaranteed by an Institution which is a member of one of the following recognized signature Guarantee Programs: (i) the Securities Transfer Agents Medallion Program (STAMP); (ii) the New York Stock Exchange Inc. Medallion
Signature Program (MSP); (iii) the Stock Exchanges Medallion Program (SEMP); or (iv) in such other guarantee program acceptable to the Trustee. 

  
 -8- 

 SCHEDULE OF INCREASES OR DECREASES IN GLOBAL NOTE 

The following increases or decreases in this Global Note have been made: 
  

									
	 Date of Exchange
	  	Amount of
increase in
Principal Amount
of this Global
Note	  	Amount of
decrease in
Principal Amount
of this Global
Note	  	Principal Amount
of this Global
Note following
each decrease or
increase	  	Signature of
authorized signatory
of Trustee

  
 -9- 

 Annex I 

 

	(1)	 Issuance of Notes. 

 

	 	(i)	 The Notes shall be in substantially the form set forth in Exhibit A hereto, with appropriate inclusions
and exclusions set forth therein depending on whether such Note is a Global Note (as defined below) or a certificated Note issued in exchange therefor pursuant to Section 3.5 of the Indenture (a “Certificated Note”) and shall
be issued in the form hereinafter provided. Global Notes shall include the legend thereon as indicated on Exhibit A (the “Global Note Legend”), and the “Schedule of Increases and Decreases in Global
Note” attached thereto. Certificated Notes shall be issued without the Global Note Legend thereon and without the “Schedule of Increases and Decreases in Global Note” attached thereto. Each Global Note shall represent the aggregate
principal amount of the outstanding Notes as shall be specified therein and shall provide that it shall represent the aggregate principal amount of outstanding Notes from time to time endorsed thereon and that the aggregate principal amount of
outstanding Notes represented thereby may from time to time be reduced or increased, as appropriate, to reflect exchanges and redemptions. Any endorsement of a Global Note to reflect the amount of any increase or decrease in the aggregate principal
amount of outstanding Notes represented thereby shall be made by the Trustee, in accordance with instructions given by the Holder thereof as required hereby. The terms and provisions contained in the Notes shall constitute and are hereby expressly
made a part of the Indenture, and the Company and the Trustee by their execution and delivery of the Indenture expressly agree to such terms and provisions and to be bound thereby. 

 

	 	(ii)	 The aggregate principal amount of Global Notes may from time to time be increased or decreased by adjustments
made on the records of the Trustee, as custodian for the Depository or its nominee, as hereinafter provided. The Depository shall be The Depository Trust Company unless the Company appoints a successor depository by delivery of a Company Order to
the Trustee specifying such successor depository. 

  

	(2)	 Transfer and Exchange. 

 

	 	(i)	 Sale or Transfer of Notes to the Company or its Subsidiaries. Nothing in this Officers’ Certificate
or the Notes shall prohibit the sale or other transfer of any Notes (including beneficial interests in the Global Notes) to the Company or any of its Subsidiaries, which Notes shall thereupon be canceled in accordance with Section 3.9 of the
Indenture. 

  

	 	(ii)	 Cancellation and/or Adjustment of Global Notes. At such time as all beneficial interests in a particular
Global Note have been exchanged for Certificated Notes or a particular Global Note has been redeemed, repurchased or canceled in whole and not in part, each such Global Note shall be returned to or retained and canceled by the Trustee in accordance
with Section 3.9 of the Indenture. At any time prior to such cancellation, if any beneficial interest in a Global Note is exchanged for or 

  
 Annex I-1 

	 	
transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Note or for Certificated Notes, the principal amount of Notes represented by such
Global Note shall be reduced accordingly and an endorsement shall be made on such Global Note, by the Trustee or by the Depository at the direction of the Trustee, to reflect such reduction; and if the beneficial interest is being exchanged for or
transferred to a Person who will take delivery thereof in the form of a beneficial interest in another Global Note, such other Global Note shall be increased accordingly and an endorsement shall be made on such Global Note, by the Trustee or by the
Depository at the direction of the Trustee, to reflect such increase. 

  

	(3)	 Events of Default. 

In lieu of Section 5.1 of the Indenture, the following provisions shall constitute an “Event of Default” with respect to
the Notes under the Indenture: 
  

	 	(i)	 default in the payment of any interest on the Notes, or any Additional Amounts payable with respect thereto,
when such interest becomes, or such Additional Amounts become, due and payable, and continuance of such default for a period of 30 days; 

  

	 	(ii)	 default in payment of principal or any premium with respect to the Notes, or any Additional Amounts payable
with respect thereto, when due upon Maturity, redemption or otherwise; 

  

	 	(iii)	 default in the performance, or breach, of any covenant, warranty or agreement of the Company in the Indenture
or the Notes (other than a covenant or warranty included therein solely for the benefit of one or more series of debt securities other than the Notes), and the continuance of such default or breach for a period of 90 days after delivery of written
notice to the Company by the Trustee or to the Company and the Trustee by the Holders of not less than 25% in aggregate principal amount of the Notes then outstanding specifying such default or breach and requiring it to be remedied and stating that
such notice is a “Notice of Default” under the Indenture; 

  

	 	(iv)	 there occurs with respect to any issue or issues of Indebtedness (including any guarantee and any other series
of debt securities) of the Company or any Restricted Subsidiary having an outstanding principal amount of $75,000,000 or more in the aggregate for all such issues of all such Persons, whether such Indebtedness exists on the date hereof or shall
hereafter be created, (a) an Event of Default that has caused the Holder thereof to declare such Indebtedness to be due and payable prior to its stated maturity and such Indebtedness shall not have been discharged in full or such acceleration
shall not have been rescinded or annulled within 30 days of such acceleration and/or (b) the failure to make a principal payment at the final (but not any interim) fixed maturity and such defaulted payment shall not have been made, waived or
extended within 30 days of such payment default; 

  
 Annex I-2 

	 	(v)	 the Company or any of its Restricted Subsidiaries shall fail within 30 days to pay, bond or otherwise discharge
uninsured judgments or court orders for the payment of money in excess of $75,000,000 in the aggregate, which are not stayed on appeal or are not otherwise being appropriately contested in good faith; 

 

	 	(vi)	 the entry by a court having competent jurisdiction of: 

 

	 	(a)	 a decree or order for relief in respect of the Company or any of its Significant Subsidiaries (or group of
Restricted Subsidiaries that, taken together, would constitute a Significant Subsidiary) in an involuntary proceeding under any applicable bankruptcy, insolvency, reorganization or other similar law and such decree or order shall remain unstayed and
in effect for a period of 60 consecutive days; or 

  

	 	(b)	 a decree or order adjudging the Company or any of its Significant Subsidiaries (or group of Restricted
Subsidiaries that, taken together, would constitute a Significant Subsidiary) to be insolvent, or approving a petition seeking reorganization, arrangement, adjustment or composition of the Company or any of its Significant Subsidiaries (or group of
Restricted Subsidiaries that, taken together, would constitute a Significant Subsidiary) and such decree or order shall remain unstayed and in effect for a period of 60 consecutive days; or 

 

	 	(c)	 a final and non-appealable order appointing a custodian, receiver,
liquidator, assignee, trustee or other similar official of the Company or any of its Significant Subsidiaries (or group of Restricted Subsidiaries that, taken together, would constitute a Significant Subsidiary) or of any substantial part of the
property of the Company or any of its Significant Subsidiaries (or group of Restricted Subsidiaries that, taken together, would constitute a Significant Subsidiary), as the case may be, or ordering the winding up or liquidation of the affairs of the
Company or any of its Significant Subsidiaries (or group of Restricted Subsidiaries that, taken together, would constitute a Significant Subsidiary); or 

  

	 	(vii)	 the commencement by the Company or any of its Significant Subsidiaries (or group of Restricted Subsidiaries
that, taken together, would constitute a Significant Subsidiary) of a voluntary proceeding under any applicable bankruptcy, insolvency, reorganization or other similar law or of a voluntary proceeding seeking to be adjudicated insolvent or the
consent by the Company or any of its Significant Subsidiaries (or group of Restricted Subsidiaries that, taken together, would constitute a Significant Subsidiary) to the entry of a decree or order for relief in an involuntary proceeding under any
applicable bankruptcy, insolvency, reorganization or other similar law or to the commencement of any insolvency proceedings against it, or the filing by the Company or any of its Significant Subsidiaries (or group of Restricted Subsidiaries that,
taken together, would constitute a Significant Subsidiary) of a petition or answer or consent seeking reorganization, arrangement, adjustment or composition of the Company or any of its Significant Subsidiaries (or group of Restricted Subsidiaries
that, taken together, 

  
 Annex I-3 

	 	
would constitute a Significant Subsidiary) or relief under any applicable law, or the consent by the Company or any of its Significant Subsidiaries (or group of Restricted Subsidiaries that,
taken together, would constitute a Significant Subsidiary) to the filing of such petition or to the appointment of or taking possession by a custodian, receiver, liquidator, assignee, trustee or similar official of the Company or any of its
Significant Subsidiaries (or group of Restricted Subsidiaries that, taken together, would constitute a Significant Subsidiary) or any substantial part of the property of the Company or any of its Significant Subsidiaries (or group of Restricted
Subsidiaries that, taken together, would constitute a Significant Subsidiary) or the making by the Company or any of its Significant Subsidiaries (or group of Restricted Subsidiaries that, taken together, would constitute a Significant Subsidiary)
of an assignment for the benefit of creditors, or the taking of corporate action by the Company or any of its Significant Subsidiaries (or group of Restricted Subsidiaries that, taken together, would constitute a Significant Subsidiary) in
furtherance of any such action. 

 All references to Sections 5.1(1), 5.1(2), 5.1(4), 5.1(5), 5.1(6), 5.1(7) and 5.1(8) of the
Indenture, respectively, shall be replaced by Sections 3(i), 3(ii), 3(iii), 3(iv), 3(v), 3(vi) and 3(vii) of this Annex I, respectively. References to Section 5.1(9) of the Indenture shall be disregarded. 

 

	(4)	 Corporate Existence Covenant. 

All references to Section 10.9 of the Indenture shall be replaced by the following with respect to the Notes: 

“Subject to Article Eight, the Company shall do or cause to be done all things necessary to preserve and keep in full force and effect
its corporate existence and the existence of each of its Significant Subsidiaries (or group of Restricted Subsidiaries that, taken together, would constitute a Significant Subsidiary) and the rights (charter and statutory) and franchises of the
Company and each of its Significant Subsidiaries (or group of Restricted Subsidiaries that, taken together, would constitute a Significant Subsidiary); provided, however, that the foregoing shall not obligate the Company to preserve the
existence of any of its Significant Subsidiaries (or group of Restricted Subsidiaries that, taken together, would constitute a Significant Subsidiary) or any such right or franchise if the Board of Directors of the Company shall determine that the
preservation thereof is no longer desirable in the conduct of the business of the Company and its Subsidiaries, taken as a whole, and that a loss thereof is not disadvantageous in any material respect to any Holder.” 

All references to Section 10.9 of the Indenture shall be replaced by Section 4 of this Annex I. 

 

	(5)	 Purchase of Notes Upon Change of Control Repurchase Event. 

If a Change of Control Repurchase Event occurs, unless the Company has exercised its right to redeem the Notes prior to such occurrence, the
Company will be required to make an offer to each Holder of the Notes to repurchase all or any part (in excess of $2,000 and in integral multiples of $1,000 in excess thereof) of that Holder’s Notes at a repurchase price in cash equal to

  
 Annex I-4 

 
101% of the aggregate principal amount of the Notes repurchased plus accrued and unpaid interest, if any, on the Notes repurchased to, but excluding, the date of repurchase. Within 30 days
following any Change of Control Repurchase Event or, at the option of the Company, prior to any Change of Control, but after the public announcement of the Change of Control, the Company will deliver a notice to each Holder, with a copy to the
Trustee, describing the transaction or transactions that constitute or may constitute the Change of Control Repurchase Event and offering to repurchase the Notes on the payment date specified in the notice, which date will be no earlier than 30 days
and no later than 60 days from the date such notice is delivered. The notice shall, if delivered prior to the date of consummation of the Change of Control, state that the offer to purchase is conditioned on a Change of Control Repurchase Event
occurring on or prior to the payment date specified in the notice. 
 The Company will comply with the requirements of Rule 14e-1 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and any other securities laws and regulations to the extent those laws and regulations are applicable in connection
with the repurchase of the Notes as a result of a Change of Control Repurchase Event. To the extent that the provisions of any securities laws or regulations conflict with the Change of Control Repurchase Event provisions of the Indenture, the
Company will comply with the applicable securities laws and regulations and will not be deemed to have breached its obligations under the Change of Control Repurchase Event provisions of the Indenture by virtue of compliance with such securities
laws or regulations. 
 On the repurchase date following a Change of Control Repurchase Event, the Company will, to the extent lawful: 

 

	 	(1)	 accept for payment all the Notes or portions of the Notes properly tendered pursuant to its offer;

  

	 	(2)	 deposit with the Paying Agent an amount equal to the aggregate purchase price in respect of all the Notes or
portions of the Notes properly tendered (no interest or dividends will be paid on any such deposit); and 

  

	 	(3)	 deliver or cause to be delivered to the Trustee the Notes properly accepted, together with an Officers’
Certificate stating the aggregate principal amount of Notes being purchased by the Company. 

 The Paying Agent will
deliver to each Holder of Notes properly tendered the Change of Control Purchase Price for the Notes, and the Company shall execute, and the Trustee will authenticate and deliver (or cause to be transferred by book-entry) to each Holder, if
necessary, a new note equal in principal amount to any unpurchased portion of any Notes surrendered. 
 The Company will not be required to
make an offer to repurchase the Notes upon a Change of Control Repurchase Event if a third party makes such an offer in the manner, at the times and otherwise in compliance with the requirements for an offer made by the Company and such third party
purchases all Notes properly tendered and not withdrawn under its offer. 

  
 Annex I-5 

	(6)	 Definitions. 

The following definitions shall apply with respect to the Notes under the Indenture: 

“Change of Control” means the occurrence of any of the following: (1) the direct or indirect sale, lease,
transfer, conveyance or other disposition (other than by way of merger or consolidation), in one or a series of related transactions, of all or substantially all of the properties or assets of the Company and its Subsidiaries taken as a whole to any
“person” (as that term is used in Section 13(d) and Section 14(d) of the Exchange Act) other than the Company or one of its Subsidiaries; (2) the adoption of a plan relating to the Company’s liquidation or dissolution;
(3) the consummation of any transaction (including, without limitation, any merger or consolidation) the result of which is that any “person” or “group” (as those terms are used in Section 13(d)(3) of the Exchange Act),
other than the Company or its Subsidiaries, becomes the beneficial owner (as defined in Rules 13d-3 and 13d-5 of the Exchange Act), directly or indirectly, of more than
50% of the combined voting power of the Company’s Voting Stock or other Voting Stock into which the Company’s Voting Stock is reclassified, consolidated, exchanged or changed, measured by voting power rather than number of shares; or
(4) the Company consolidates with, or merges with or into, any Person, or any Person consolidates with, or merges with or into, the Company, in any such event pursuant to a transaction in which any of the Voting Stock of the Company or such
other Person is converted into or exchanged for cash, securities or other property, other than any such transaction where the shares of Voting Stock of the Company outstanding immediately prior to such transaction directly or indirectly constitute,
or are converted into or exchanged for, a majority of the Voting Stock of the surviving Person immediately after giving effect to such transaction. This “Change of Control” definition includes a disposition of all or substantially all of
the property and assets of the Company and its Subsidiaries taken as a whole to any Person. 
 “Change of Control Repurchase
Event” means the occurrence of both a Change of Control and a Ratings Event. 
 “Credit Facilities”
means, collectively, (i) the Amended and Restated Five Year Credit Agreement, dated as of November 8, 2017, among Jabil, the initial lenders named therein, Citibank, N.A., as administrative agent, JPMorgan Chase Bank, N.A. and Bank of
America, N.A., as co-syndication agents, BNP Paribas, Mizuho Bank, Ltd., MUFG Bank, Ltd. (f/k/a The Bank of Tokyo-Mitsubishi, Ltd.) and Sumitomo Mitsui Banking Corporation, as documentation agents, and
Citigroup Global Markets Inc., JPMorgan Chase Bank, N.A., BofA Securities, Inc. (an assignee of Merrill Lynch, Pierce, Fenner & Smith Incorporated), BNP Paribas Securities Corp., Mizuho Bank, Ltd., MUFG Bank, Ltd. and Sumitomo Mitsui
Banking Corporation, as joint lead arrangers and joint bookrunners, and any amendment, extension, renewal, increase, decrease, substitution or replacement of such agreement, (ii) the Credit Agreement, dated as of August 24, 2018, among
Jabil, the initial lenders named therein, Mizuho Bank, Ltd., as administrative agent, Mizuho Bank, Ltd., MUFG Bank, Ltd. and Sumitomo Mitsui Banking 

  
 Annex I-6 

 
Corporation as joint lead arrangers and joint bookrunners, and any amendment, extension, renewal, increase, decrease, substitution or replacement of such agreement and (iii) any other credit
facility or facilities entered into by Jabil after any such agreement or any such amendment, extension, renewal, increase, decrease, substitution or replacement have been cancelled or otherwise terminated. 

“Investment Grade” means a rating of Baa3 or better by Moody’s (or its equivalent under any
successor rating categories of Moody’s); a rating of BBB- or better by S&P (or its equivalent under any successor rating categories of S&P); and the equivalent investment grade credit rating from
any replacement rating agency or rating agencies selected by the Company. 

“Moody’s” means Moody’s Investors Service Inc. and its successors. 

“Rating Agency” means (1) each of Moody’s and S&P; and (2) if either of Moody’s or S&P
ceases to rate the Notes or fails to make a rating of the Notes publicly available for reasons outside of the control of the Company, a “nationally recognized statistical rating organization” registered under Section 15E of the
Exchange Act, selected by the Company (as certified by a resolution of the Board of Directors of the Company) as a replacement agency for Moody’s or S&P, or both, as the case may be. 

“Rating Category” means (i) with respect to S&P, any of the following categories:
BBB, BB, B, CCC, CC, C and D (or equivalent successor categories); (ii) with respect to Moody’s, any of the following categories: Baa, Ba, B, Caa, Ca, C and D (or equivalent successor categories); and (iii) the equivalent of any such
category of S&P or Moody’s used by another rating agency. In determining whether the rating of the Notes has decreased by one or more gradations, gradations within rating categories (+ and - for S&P; 1, 2 and 3 for Moody’s; or the
equivalent gradations for another rating agency) shall be taken into account (e.g., with respect to S&P, a decline in a rating from BB+ to BB, as well as from BB- to B+, will constitute a decrease of one gradation). 

“Rating Date” means the date which is 90 days prior to the earlier of (i) a Change of Control or (ii) public
notice of the occurrence of a Change of Control or of the intention by the Company to effect a Change of Control. 
 “Ratings
Event” means the occurrence of the events described in (a) or (b) below on, or within 60 days after the earlier of, (i) the occurrence of a Change of Control or (ii) public notice of the occurrence of a
Change of Control or the intention by the Company to effect a Change of Control (which period shall be extended so long as the rating of the Notes is under publicly announced consideration for a possible downgrade by any of the Rating Agencies): (a)
in the event the Notes are rated by both Rating Agencies on the Rating Date as Investment Grade, the rating of the Notes shall be reduced so that the Notes are rated below Investment Grade by both Rating Agencies, or (b) in the event the Notes
(1) are rated Investment Grade by one Rating Agency and below Investment Grade by the other Rating Agency on the Rating Date, the rating of the Notes by either Rating Agency shall be decreased by one or more gradations (including

  
 Annex I-7 

 
gradations within Rating Categories, as well as between Rating Categories) so that the Notes are then rated below Investment Grade by both Rating Agencies or (2) are rated below Investment
Grade by both Rating Agencies on the Rating Date, the rating of the Notes by either Rating Agency shall be decreased by one or more gradations (including gradations within Rating Categories, as well as between rating categories). 

“Significant Subsidiary” has the meaning set forth in Rule 1-02 of Regulation S-X under the Securities Act as in effect on the issue date of the Notes. 

“S&P” means S&P Global Ratings, a division of S&P Global Inc., and its successors. 

“Voting Stock” of any specified Person as of any date means the capital stock of such Person that is at the time
entitled to vote generally in the election of the board of directors of such Person. 

  
 Annex I-8EX-4.3

 Exhibit 4.3 
  

 
  

ENTERPRISE PRODUCTS OPERATING LLC, 

AS ISSUER 
 ENTERPRISE PRODUCTS
PARTNERS L.P., 
 AS PARENT GUARANTOR 

and 
 WELLS FARGO BANK, 

NATIONAL ASSOCIATION, 
 AS TRUSTEE

  
  

THIRTY-FOURTH SUPPLEMENTAL INDENTURE 

Dated as of January 15, 2020 

to 
 Indenture dated as of
October 4, 2004 
  
  

2.800% Senior Notes due 2030 

3.700% Senior Notes due 2051 

3.950% Senior Notes due 2060 
  

 
  

 TABLE OF CONTENTS 

 

					
	 	 	 	  	Page
	ARTICLE I
	THE NOTES

  

							
	 Section 1.1
	 	Form	  	 	2	 
			
	 Section 1.2
	 	Title, Amount, Stated Maturity and Interest	  	 	2	 
			
	 Section 1.3
	 	Registrar and Paying Agent	  	 	3	 
			
	 Section 1.4
	 	Transfer and Exchange	  	 	3	 
			
	 Section 1.5
	 	Guarantee of the Notes	  	 	3	 
			
	 Section 1.6
	 	Defeasance and Discharge	  	 	3	 
			
	 Section 1.7
	 	Amendment to Section 4.12 of the Original Indenture	  	 	4	 
			
	 Section 1.8
	 	Amendment to Section 4.13 of the Original Indenture	  	 	4	 
	
	ARTICLE II	  

	REDEMPTION	  

			
	 Section 2.1
	 	Redemption	  	 	4	 
	
	ARTICLE III	  

	MISCELLANEOUS PROVISIONS	  

	 Section 3.1
	 	Table of Contents, Headings, etc	  	 	4	 
			
	 Section 3.2
	 	Counterpart Originals	  	 	4	 
			
	 Section 3.3
	 	Governing Law	  	 	4	 
			
	 Section 3.4
	 	Certain Trustee Matters	  	 	5	 
			
	 Exhibit A
	 	Form of the 2.800% Senior Notes due 2030	  			
	 Exhibit B
	 	Form of the 3.700% Senior Notes due 2051	  			
	 Exhibit C
	 	Form of the 3.950% Senior Notes due 2060	  			

  
 i 

 THIS THIRTY-FOURTH SUPPLEMENTAL INDENTURE dated as of January 15, 2020 (this
“Thirty-Fourth Supplemental Indenture”), is among Enterprise Products Operating LLC, a Texas limited liability company (the “Issuer”), Enterprise Products Partners L.P., a Delaware limited partnership (the “Parent
Guarantor”), and Wells Fargo Bank, National Association, a national banking association, as trustee (the “Trustee”). Each capitalized term used but not defined in this Thirty-Fourth Supplemental Indenture shall have the meaning
assigned to such term in the Original Indenture (as defined below). 
 RECITALS: 

WHEREAS, Enterprise Products Operating L.P. (the “Original Issuer”) and the Parent Guarantor have executed and delivered to the
Trustee an Indenture, dated as of October 4, 2004 (the “Original Indenture”), providing for the issuance by the Original Issuer from time to time of its debentures, notes, bonds or other evidences of indebtedness, issued and to be
issued in one or more series unlimited as to principal amount (the “Debt Securities”), and the guarantee by each Guarantor of the Debt Securities (the “Guarantee”); and 

WHEREAS, the Original Issuer, the Issuer and the Parent Guarantor have executed and delivered to the Trustee a Tenth Supplemental Indenture,
dated as of June 30, 2007, providing for the Issuer as the successor issuer; and 
 WHEREAS, the Original Indenture, as amended and
supplemented by the Tenth Supplemental Indenture, shall be referred to herein as the “Base Indenture”; and 
 WHEREAS, the Base
Indenture, as amended and supplemented from time to time, including without limitation pursuant to this Thirty-Fourth Supplemental Indenture, shall be referred to herein as the “Indenture”; and 

WHEREAS, on or before the date hereof the Issuer has issued several series of Debt Securities pursuant to previous supplements to the Base
Indenture; and 
 WHEREAS, the Issuer has duly authorized and desires to cause to be issued pursuant to the Indenture, three new series of
Debt Securities (collectively, the “Notes”), designated as set forth in this Thirty-Fourth Supplemental Indenture; and 
 WHEREAS,
all of the Notes will be guaranteed by the Parent Guarantor as provided in Article XIV of the Original Indenture; and 
 WHEREAS, the
Issuer desires to cause the issuance of the Notes pursuant to Sections 2.01 and 2.03 of the Original Indenture, which sections permit the execution of indentures supplemental thereto to establish the form and terms of Debt Securities of any
series; and 
 WHEREAS, pursuant to Section 9.01 of the Original Indenture, the Issuer and the Parent Guarantor have requested that the
Trustee join in the execution of this Thirty-Fourth Supplemental Indenture to establish the form and terms of the Notes; and 
 WHEREAS, all
things necessary have been done to make the Notes, when executed by the Issuer and authenticated and delivered under the Indenture and duly issued by the Issuer, and the Guarantee of the Parent Guarantor, when the Notes are duly issued by the
Issuer, the valid obligations of the Issuer and the Parent Guarantor, respectively, and to make this Thirty-Fourth Supplemental Indenture a valid agreement of the Issuer and the Parent Guarantor, enforceable in accordance with the terms hereof; 

 NOW, THEREFORE, the Issuer, the Parent Guarantor and the Trustee hereby agree that the
following provisions shall supplement the Base Indenture: 
 ARTICLE I 

THE NOTES 

SECTION 1.1    Form. 

(1)    The 2.800% Senior Notes due 2030 (as defined below) and the related Trustee’s certificate of authentication
shall be substantially in the form of Exhibit A to this Thirty-Fourth Supplemental Indenture; 

(2)    the 3.700% Senior Notes due 2051 (as defined below) and the related Trustee’s certificate of authentication
shall be substantially in the form of Exhibit B to this Thirty-Fourth Supplemental Indenture; and 

(3)    the 3.950% Senior Notes due 2060 (as defined below) and the related Trustee’s certificate of authentication
shall be substantially in the form of Exhibit C to this Thirty-Fourth Supplemental Indenture; 
 in each case, with such
appropriate insertions, omissions, substitutions and other variations as are required or permitted by the Indenture, and may have such letters, numbers or other marks of identification and such legends or endorsements placed thereon as the Issuer
may deem appropriate or as may be required or appropriate to comply with any laws or with any rules made pursuant thereto or with the rules of any securities exchange or automated quotation system on which any of the Notes may be listed or traded,
or to conform to general usage, or as may, consistently with the Indenture, be determined by the officers executing such Notes, as evidenced by their execution thereof. 

Such Exhibits A, B and C are hereby incorporated into this Thirty-Fourth Supplemental Indenture. The
terms and provisions contained in the Notes shall constitute, and are hereby expressly made, a part of this Thirty-Fourth Supplemental Indenture, and to the extent applicable, the Issuer, the Parent Guarantor and the Trustee, by their execution and
delivery of this Thirty-Fourth Supplemental Indenture, expressly agree to such terms and provisions and to be bound thereby. 
 The Notes
shall be issued only as Registered Securities. The Notes shall be issued upon original issuance in whole in the form of one or more Global Securities (the “Book-Entry Notes”). Each Book-Entry Note shall represent such of the Outstanding
Notes as shall be specified therein and shall provide that it shall represent the aggregate amount of Outstanding Notes from time to time endorsed thereon and that the aggregate amount of Outstanding Notes represented thereby may from time to time
be reduced or increased, as appropriate, to reflect exchanges and redemptions. Any endorsement of a Book-Entry Note to reflect the amount, or any increase or decrease in the amount, of Outstanding Notes represented thereby shall be made by the
Trustee in accordance with written instructions or such other written form of instructions as is customary for the Depositary, from the Depositary or its nominee on behalf of any Person having a beneficial interest in the Book-Entry Note. The Issuer
initially appoints The Depository Trust Company to act as Depositary with respect to the Book-Entry Notes. 

SECTION 1.2    Title, Amount, Stated Maturity and Interest. 

There are hereby established three new series of Debt Securities to be issued under the Indenture, that are designated respectively as: 

 

	 	(1)	 the “2.800% Senior Notes due 2030”; 

 

	 	(2)	 the “3.700% Senior Notes due 2051”; and 

 

	 	(3)	 the “3.950% Senior Notes due 2060.” 

Each series of Notes is referred to herein as so designated. The Trustee shall initially authenticate and deliver for original issue: 

 

	 	(a)	 2.800% Senior Notes due 2030 in an initial aggregate principal amount of $1,000,000,000; 

 

	 	(b)	 3.700% Senior Notes due 2051 in an initial aggregate principal amount of $1,000,000,000; and

  

	 	(c)	 3.950% Senior Notes due 2060 in an initial aggregate principal amount of $1,000,000,000, 

in each case, upon delivery to the Trustee of a Company Order for the authentication and delivery of such Notes. 

  
 2 

 The 2.800% Senior Notes due 2030 shall initially be limited in aggregate principal amount to
$1,000,000,000. The 3.700% Senior Notes due 2051 shall initially be limited in aggregate principal amount to $1,000,000,000. The 3.950% Senior Notes due 2060 shall initially be limited in aggregate principal amount to $1,000,000,000. With respect to
each series of the Notes, the Issuer may, without the consent of the Holders of the applicable series of Notes, issue additional Notes so that the additional Notes may be consolidated and form a single series with the applicable series of Notes
issued on the date hereof and have the same terms (except for the issue date, the public offering price and, if applicable, the initial Interest Payment Date) as to ranking, maturity, redemption or otherwise, provided that such additional Notes
shall be fungible with the previously issued Notes for U.S. federal income tax purposes. 
 The Stated Maturity of each series of the Notes
shall be as follows: 
  

			
	 Series of Notes
	  	 Stated Maturity

	 2.800% Senior Notes due 2030
	  	January 31, 2030
	 3.700% Senior Notes due 2051
	  	January 31, 2051
	 3.950% Senior Notes due 2060
	  	January 31, 2060

 The rate or rates at which the Notes of each series shall bear interest, the date or dates from which such
interest shall accrue, the dates on which any such interest shall be payable and the regular record date for any interest payable on any interest payment date, in each case, shall be as set forth in the form of Note of such series attached as an
exhibit to this Thirty-Fourth Supplemental Indenture. With respect to Notes of each series, payments of principal of, premium, if any, and interest due on any Notes representing Book-Entry Notes of such series on any interest payment date for Notes
of such series or at maturity of such Notes, will be made available to the Trustee by 11:00 a.m., New York City time, on such date, unless such date falls on a day that is not a Business Day, in which case such payments will be made available
to the Trustee by 11:00 a.m., New York City time, on the next Business Day. As soon as possible thereafter, the Trustee will make such payments to the Depositary. 

SECTION 1.3    Registrar and Paying Agent. 

The Issuer initially appoints the Trustee as Registrar and paying agent with respect to the Notes of each series. The office or agency in the
City and State of New York where Notes of each series may be presented for registration of transfer or exchange and the Place of Payment for the Notes shall initially be the corporate trust office of the Trustee located at Corporate Trust,
Municipal & Escrow Solutions, 150 E. 42nd Street, 40th Floor, New York, New York 10017. 

SECTION 1.4    Transfer and Exchange. 

With respect to each series of the Notes, the transfer and exchange of Book-Entry Notes or beneficial interests therein shall be effected
through the Depositary, in accordance with Section 2.15 of the Original Indenture and the rules and procedures of the Depositary therefor. 

SECTION 1.5    Guarantee of the Notes. 

In accordance with Article XIV of the Original Indenture, the Notes of each series will be fully, unconditionally and absolutely
guaranteed on an unsecured, unsubordinated basis by the Parent Guarantor. 
 SECTION 1.6    Defeasance and
Discharge. 
 The Notes of each series shall be subject to satisfaction and discharge and to both legal defeasance and covenant
defeasance as contemplated by Article XI of the Original Indenture. 

  
 3 

 SECTION 1.7    Amendment to Section 4.12 of
the Original Indenture. 
 The last paragraph of Section 4.12 of the Original Indenture is hereby amended and restated in relation
solely to the Notes to read as follows: 
 “Notwithstanding the foregoing provisions of this Section, the Parent Guarantor may, and may
permit any Subsidiary to, effect any Sale/Leaseback Transaction that is not excepted by clauses (a) through (d), inclusive, of this Section, provided that the Attributable Indebtedness from such Sale/Leaseback Transaction, together with
the aggregate principal amount of all other such Attributable Indebtedness deemed to be outstanding and all outstanding Indebtedness (other than the Debt Securities) secured by liens, other than Permitted Liens, upon Principal Properties or upon any
capital stock of any Restricted Subsidiary, do not exceed 10% of Consolidated Net Tangible Assets.” 

SECTION 1.8    Amendment to Section 4.13 of the Original Indenture. 

The last sentence of Section 4.13 of the Original Indenture is hereby amended and restated in relation solely to the Notes to read as
follows: 
 “Notwithstanding the foregoing, the Parent Guarantor may, and may permit any Subsidiary to, create, assume, incur or suffer
to exist any lien, other than a Permitted Lien, upon any Principal Property or upon any capital stock of any Restricted Subsidiary to secure Indebtedness of the Parent Guarantor, the Company or any other Person (other than the Debt Securities),
without in any such case making effective provision whereby all the Debt Securities Outstanding under this Indenture are secured equally and ratably with, or prior to, such Indebtedness so long as such Indebtedness is secured; provided that the
aggregate principal amount of all Indebtedness then outstanding secured by such lien and all similar liens, together with the aggregate amount of Attributable Indebtedness deemed to be outstanding in respect of all Sale/Leaseback Transactions
(exclusive of any such Sale/Leaseback Transactions otherwise permitted under clauses (a) through (d) of Section 4.12), does not exceed 10% of Consolidated Net Tangible Assets.” 

ARTICLE II 

REDEMPTION 

SECTION 2.1    Redemption. 

The Issuer, at its option, may redeem the Notes of each series in accordance with the provisions of paragraph 5 of the Notes of such series
and Article III of the Original Indenture. 
 ARTICLE III 

MISCELLANEOUS PROVISIONS 

SECTION 3.1    Table of Contents, Headings, etc. 

The table of contents and headings of the Articles and Sections of this Thirty-Fourth Supplemental Indenture have been inserted for
convenience of reference only, are not to be considered a part hereof and shall in no way modify or restrict any of the terms or provisions hereof. 

SECTION 3.2    Counterpart Originals. 

The parties may sign any number of copies of this Thirty-Fourth Supplemental Indenture. Each signed copy shall be an original, but all of them
together represent the same agreement. The exchange of signed copies of this Thirty-Fourth Supplemental Indenture by facsimile transmission or emailed portable document format (pdf) shall constitute effective execution and delivery of this
Thirty-Fourth Supplemental Indenture as to the parties hereto and such copies may be used in lieu of the original Thirty-Fourth Supplemental Indenture for all purposes. Signatures of the parties hereto transmitted by facsimile or portable document
format (pdf) shall be deemed to be their original signatures for all purposes other than authentication of Notes by the Trustee. 

SECTION 3.3    Governing Law. 

THIS THIRTY-FOURTH SUPPLEMENTAL INDENTURE AND THE NOTES SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW
YORK. 

  
 4 

 SECTION 3.4    Certain Trustee Matters. 

The recitals contained herein shall be taken as the statements of the Issuer, and the Trustee assumes no responsibility for their correctness.
The Trustee makes no representations as to the validity or sufficiency of this Thirty-Fourth Supplemental Indenture or the Notes or the proper authorization or the due execution hereof or thereof by the Issuer. 

* * * 

  
 5 

 IN WITNESS WHEREOF, the parties hereto have caused this Thirty-Fourth Supplemental Indenture
to be duly executed as of the date first written above. 
  

			
	ENTERPRISE PRODUCTS OPERATING LLC,
	        as Issuer
		
	By:	 	ENTERPRISE PRODUCTS OLPGP, INC.,
		 	    its Sole Manager
		
	By:	 	 /s/ Christian M. Nelly

		 	Name: Christian M. Nelly
		 	Title:   Senior Vice President – Finance and Treasurer
	
	ENTERPRISE PRODUCTS PARTNERS L.P.,
	        as Parent Guarantor
		
	By:	 	ENTERPRISE PRODUCTS HOLDINGS LLC,
		 	    its General Partner
		
	By:	 	 /s/ Christian M. Nelly

		 	Name: Christian M. Nelly
		 	Title:   Senior Vice President – Finance and Treasurer
	
	WELLS FARGO BANK,
	NATIONAL ASSOCIATION,
	        as Trustee
		
	By:	 	 /s/ Patrick T. Giordano

		 	Name: Patrick T. Giordano
		 	Title:  Vice President

 Thirty-Fourth Supplemental Indenture Signature Page 

 Exhibit A 

FORM OF NOTE 
 [FACE OF
SECURITY] 
 [THIS GLOBAL SECURITY SHALL IN ALL RESPECTS BE ENTITLED TO THE SAME BENEFITS AS DEFINITIVE DEBT SECURITIES UNDER THE INDENTURE. UNLESS THIS
CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (“DTC”) (55 WATER STREET, NEW YORK, NEW YORK 10041) TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE
ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR SUCH OTHER ENTITY AS MAY BE REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]* 

[TRANSFERS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH
SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE INDENTURE REFERRED TO HEREIN.]* 

 

			
	No. R-	  	Principal Amount: $             [which amount may be
	CUSIP: 29379V BX0	  	increased or decreased by the Schedule
		  	of Increases and Decreases in Global Security attached hereto.]*

 ENTERPRISE PRODUCTS OPERATING LLC 

2.800% SENIOR NOTE DUE 2030 

ENTERPRISE PRODUCTS OPERATING LLC, a Texas limited liability company (the “Issuer,” which term includes any successor under the
Indenture hereinafter referred to), for value received, hereby promises to pay to                      or its registered assigns, the
principal sum of                      ($            ) U.S. dollars,
[or such greater or lesser principal sum as is shown on the attached Schedule of Increases and Decreases in Global Security]*, on January 31, 2030 in such coin and currency of the United States of America as at the time of payment shall be
legal tender for the payment of public and private debts, and to pay interest thereon at an annual rate of 2.800% payable on January 31 and July 31 of each year, commencing on [Insert July 31, 2020 or for later
issuances, the first Interest Payment Date occurring after the date of issuance of this Security], to the person in whose name this Debt Security (this “Security”) is registered at the close of business on the record date for such
interest, which shall be the preceding January 15 or July 15, as the case may be (each, a “Regular Record Date”), respectively, with interest accruing from and including [Insert the date of issuance of this Security, or if
Debt Securities of this same series have been previously issued, insert the most recent Interest Payment Date on which interest has been paid on Debt Securities of such series], or from and including the most recent date to which interest on
this Security shall have been paid. 
 Reference is made to the further provisions of this Security set forth on the reverse hereof. Such
further provisions shall for all purposes have the same effect as though fully set forth at this place. 
 The statements in the legends set
forth in this Security are an integral part of the terms of this Security and by acceptance hereof the Holder of this Security agrees to be subject to, and bound by, the terms and provisions set forth in each such legend. 

This Security shall not be valid or become obligatory for any purpose until the Trustee’s Certificate of Authentication hereon shall have
been manually signed by the Trustee under the Indenture. 
  

	*	 To be included in a Book-Entry Note. 

  
 A-1 

 IN WITNESS WHEREOF, the Issuer has caused this instrument to be duly executed by its sole
manager. 
 Dated:                     

 

			
	ENTERPRISE PRODUCTS OPERATING LLC
		
	By:	 	ENTERPRISE PRODUCTS OLPGP, INC.,
		 	    its sole manager
		
	By:	 	  

		 	Name: Christian M. Nelly
		 	Title: Senior Vice President – Finance and Treasurer

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION: 

This is one of the Debt Securities of the series designated therein referred to in the within-mentioned Indenture. 

 

			
	WELLS FARGO BANK, NATIONAL ASSOCIATION,
	    as Trustee
		
	 By:
	 	  

		 	                    Authorized Signatory

  
 A-2 

 [REVERSE OF SECURITY] 

ENTERPRISE PRODUCTS OPERATING LLC 

2.800% SENIOR NOTE DUE 2030 
  

	1.	 Interest. 

The Issuer promises to pay interest on the principal amount of this Security at the rate of 2.800% per annum. The Issuer will pay interest
semi-annually on January 31 and July 31 of each year, commencing on July 31, 2020 (each an “Interest Payment Date”). Interest will be computed on the basis of a 360-day year
consisting of twelve 30-day months. The Issuer shall pay interest (including post-petition interest in any proceeding under any applicable bankruptcy laws) on overdue installments of interest (without regard
to any applicable grace period) and on overdue principal and premium, if any, from time to time on demand at the same rate per annum, in each case to the extent lawful. 
  

	2.	 Method of Payment. 

The Issuer shall pay interest on the Securities (except Defaulted Interest) to the persons who are the registered Holders at the close of
business on the Regular Record Date immediately preceding the Interest Payment Date. Any such interest not so punctually paid or duly provided for (“Defaulted Interest”) may be paid to the persons who are registered Holders at the close of
business on a special record date for the payment of such Defaulted Interest, or in any other lawful manner not inconsistent with the requirements of any securities exchange on which such Securities may then be listed if such manner of payment shall
be deemed practicable by the Trustee, as more fully provided in the Indenture. The Issuer shall pay principal, premium, if any, and interest in such coin or currency of the United States of America as at the time of payment shall be legal tender for
payment of public and private debts. Payments in respect of a Global Security (including principal, premium, if any, and interest) will be made by wire transfer of immediately available funds to the accounts specified by the Depositary. Payments in
respect of Securities in definitive form (including principal, premium, if any, and interest) will be made at the office or agency of the Issuer maintained for such purpose within The City of New York, which initially will be the corporate trust
office of Wells Fargo Bank, National Association at Corporate Trust, Municipal & Escrow Solutions, 150 East 42nd Street, 40th Floor, New York, New York 10017, or, at the option of the Issuer, payment of interest may be made by
check mailed to the Holders on the relevant record date at their addresses set forth in the Debt Security Register of Holders or at the option of the Holder, payment of interest on Securities in definitive form will be made by wire transfer of
immediately available funds to any account maintained in the United States, provided such Holder has requested such method of payment and provided timely wire transfer instructions to the paying agent. The Holder must surrender this Security to a
paying agent to collect payment of principal. 
  

	3.	 Paying Agent and Registrar. 

Initially, Wells Fargo Bank, National Association will act as paying agent and Registrar. The Issuer may change any paying agent or Registrar
at any time upon notice to the Trustee and the Holders. The Issuer may act as paying agent. 
  

	4.	 Indenture. 

Reference is made hereby to (i) the Indenture dated as of October 4, 2004 (the “Original Indenture”) among Enterprise
Products Operating L.P., as issuer (the “Original Issuer”), Enterprise Products Partners L.P., as parent guarantor (the “Parent Guarantor”), and Wells Fargo Bank, National Association, as trustee (the “Trustee”),
(ii) the Tenth Supplemental Indenture thereto dated as of June 30, 2007 (the “Tenth Supplemental Indenture”), among the Original Issuer, the Issuer, the Parent Guarantor and the Trustee, providing for the Issuer as the successor
issuer and (iii) the Thirty-Fourth Supplemental Indenture thereto dated as of January 15, 2020 (the “Thirty-Fourth Supplemental Indenture”), among the Issuer, the Parent Guarantor and the Trustee, providing for the issuance of
Debt Securities of the series whose designation appears on the face hereof. The Original Indenture, as amended and supplemented by the Tenth Supplemental Indenture and the Thirty-Fourth Supplemental Indenture, and as may be further duly amended and
supplemented in accordance with the terms thereof, is referred to herein as the “Indenture.” Capitalized terms used but not defined herein shall have the respective meanings given to such terms in the Indenture. 

  
 A-3 

 This Security is one of a duly authorized issue of Debt Securities of the series designated
by the Issuer as “2.800% Senior Notes due 2030” (such series of Debt Securities being referred to herein as the “Securities”), all of which are issued or to be issued under and pursuant to the Indenture. The terms of the
Securities include those stated in the Indenture, and those made part of the Indenture by reference to the Trust Indenture Act of 1939, as amended (the “TIA”). The Securities are subject to all such terms, and Holders of Securities are
referred to the Indenture and the TIA for a statement of such terms and a description of the rights, limitations of rights, obligations, duties and immunities thereunder of the Trustee, the Issuer, the Parent Guarantor and the Holder hereof. If and
to the extent any provision of the Indenture limits, qualifies or conflicts with any other provision of the Indenture that is required to be included in the Indenture or is deemed applicable to the Indenture by virtue of the provisions of the TIA,
such required provision shall control. 
  

	5.	 Optional Redemption. 

Prior to October 31, 2029 (the “Par Call Date”), the Securities are redeemable, at the option of the Issuer, at any time in
whole, or from time to time in part, at a redemption price (the “Make-Whole Price”) equal to the greater of: (i) 100% of the principal amount of the Securities to be redeemed; or (ii) the sum of the present values of the
remaining scheduled payments of principal and interest (at the rate in effect on the date of calculation of the Make-Whole Price) on the Securities to be redeemed (exclusive of interest accrued to the date of redemption (the “Redemption
Date”)) that would have been due if the Securities had matured on the Par Call Date, discounted to the Redemption Date on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the applicable Treasury Yield plus 15 basis points; plus, in either case, accrued and unpaid interest to the Redemption Date. 

On or after the Par Call Date, the Securities are redeemable, at the option of the Issuer, at any time in whole, or from time to time in part,
at a redemption price equal to 100% of the principal amount of the Securities to be redeemed plus accrued and unpaid interest to the Redemption Date. 

The actual Make-Whole Price, calculated as provided above, shall be calculated and certified to the Trustee and the Issuer by the Independent
Investment Banker. 
 For purposes of determining the Make-Whole Price, the following definitions are applicable: 

“Treasury Yield” means, with respect to any Redemption Date applicable to the Securities, the rate per annum equal to the
semi-annual equivalent yield to maturity (computed as of the third Business Day immediately preceding such Redemption Date) of the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage of its
principal amount) equal to the applicable Comparable Treasury Price for such Redemption Date. 
 “Comparable Treasury Issue” means
the United States Treasury security selected by the Independent Investment Banker as having a maturity comparable to the remaining term of the Securities to be redeemed, calculated as if the maturity date of the Securities were the Par Call Date
(the “Remaining Life”), that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the Remaining Life of the Securities
to be redeemed; provided, however, that if no maturity is within three months before or after the Par Call Date for such Securities, yields for the two published maturities most closely corresponding to such United States Treasury security
will be determined and the treasury rate will be interpolated or extrapolated from those yields on a straight line basis rounding to the nearest month. 

“Independent Investment Banker” means any one of Citigroup Global Markets Inc., Barclays Capital Inc., SunTrust Robinson Humphrey,
Inc. and Wells Fargo Securities, LLC and their respective successors appointed by the Issuer or, if no such firm is willing and able to select the applicable Comparable Treasury Issue, an independent investment banking institution of national
standing appointed by the Trustee and reasonably acceptable to the Issuer. 
 “Comparable Treasury Price” means, with respect to
any Redemption Date, (a) the average of the Reference Treasury Dealer Quotations for the Redemption Date, after excluding the highest and lowest Reference Treasury Dealer Quotations, or (b) if the Independent Investment Banker obtains
fewer than four Reference Treasury Dealer Quotations, the average of all such quotations. 

  
 A-4 

 “Reference Treasury Dealer” means each of Citigroup Global Markets Inc., Barclays
Capital Inc. and Wells Fargo Securities, LLC and a primary U.S. Government securities dealer in the United States (a “Primary Treasury Dealer”) selected by SunTrust Robinson Humphrey, Inc. or its successor, in each case, so long as it is a
Primary Treasury Dealer at the relevant time and, if it is not then a Primary Treasury Dealer, then a Primary Treasury Dealer selected by it, and in each case their respective successors, plus a Primary Treasury Dealer selected by the Issuer;
provided, however, that if any of the foregoing shall not be a Primary Treasury Dealer at such time and shall fail to select a Primary Treasury Dealer, then the Issuer will substitute therefor another Primary Treasury Dealer. 

“Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer and any Redemption Date for the
Securities, an average, as determined by an Independent Investment Banker, of the bid and asked prices for the Comparable Treasury Issue for the Securities (expressed in each case as a percentage of its principal amount) quoted in writing to an
Independent Investment Banker by such Reference Treasury Dealer at 5:00 p.m., New York City time, on the third Business Day preceding such Redemption Date. 

Except as set forth above, the Securities will not be redeemable prior to their Stated Maturity and will not be entitled to the benefit of any
sinking fund. 
 Securities called for optional redemption become due on the Redemption Date. Notices of optional redemption will be mailed
at least 10 but not more than 60 days before the Redemption Date to each Holder of the Securities to be redeemed at its registered address. The notice of optional redemption for the Securities will state, among other things, the amount of
Securities to be redeemed, the Redemption Date, the redemption price (or the method of calculating such redemption price), and the place(s) that payment will be made upon presentation and surrender of Securities to be redeemed. Unless the Issuer
defaults in payment of the redemption price, interest will cease to accrue on the Redemption Date with respect to any Securities that have been called for optional redemption. If less than all the Securities are redeemed at any time, the Trustee
will select the Securities to be redeemed on a pro rata basis, by lot, or by such other method the Trustee deems fair and appropriate, and when the Securities are in book-entry form, in accordance with the applicable procedures of DTC. 

The Securities may be redeemed in part in multiples of $1,000 only. Any such redemption will also comply with Article III of the
Indenture. 
  

	6.	 Denominations; Transfer; Exchange. 

The Securities are to be issued in registered form, without coupons, in denominations of $1,000 and integral multiples of $1,000 in excess
thereof. A Holder may register the transfer of, or exchange, Securities in accordance with the Indenture. The Registrar may require a Holder, among other things, to furnish appropriate endorsements and transfer documents and to pay any taxes and
fees required by law or permitted by the Indenture. The Issuer hereby irrevocably undertakes to the Holder hereof to exchange this Security in accordance with the terms of the Indenture without charge. 

 

	7.	 Person Deemed Owners. 

The registered Holder of a Security may be treated as the owner of it for all purposes. 

 

	8.	 Amendment; Supplement; Waiver. 

Subject to certain exceptions, the Indenture may be amended or supplemented, and any existing Event of Default or compliance with any provision
may be waived, with the consent of the Holders of a majority in principal amount of the Outstanding Debt Securities of each series affected. Without consent of any Holder of a Security, the parties thereto may amend or supplement the Indenture to,
among other things, cure any ambiguity or omission, to correct any defect or inconsistency, or to make any other change that does not adversely affect the rights of any Holder of a Security. Any such consent or waiver by the Holder of this Security
(unless revoked as provided in the Indenture) shall be conclusive and binding upon such Holder and upon all future Holders and owners of this Security and any Securities which may be issued in exchange or substitution herefor, irrespective of
whether or not any notation thereof is made upon this Security or such other Securities. 

  
 A-5 

	9.	 Defaults and Remedies. 

Certain events of bankruptcy or insolvency are Events of Default that will result in the principal amount of the Securities, together with
premium, if any, and accrued and unpaid interest thereon, becoming due and payable immediately upon the occurrence of such Events of Default. If any other Event of Default with respect to the Securities occurs and is continuing, then in every such
case the Trustee or the Holders of not less than 25% in aggregate principal amount of the Securities then Outstanding may declare the principal amount of all the Securities, together with premium, if any, and accrued and unpaid interest thereon, to
be due and payable immediately in the manner and with the effect provided in the Indenture. Notwithstanding the preceding sentence, however, if at any time after such a declaration of acceleration has been made, the Holders of a majority in
principal amount of the Outstanding Securities, by written notice to the Trustee, may rescind such declaration and annul its consequences if the rescission would not conflict with any judgment or decree of a court already rendered and if all Events
of Default with respect to the Securities, other than the nonpayment of the principal, premium, if any, or interest which has become due solely by such declaration acceleration, shall have been cured or shall have been waived. No such rescission
shall affect any subsequent default or shall impair any right consequent thereon. Holders of Securities may not enforce the Indenture or the Securities except as provided in the Indenture. The Trustee may require indemnity or security satisfactory
to it before it enforces the Indenture or the Securities. Subject to certain limitations, Holders of a majority in aggregate principal amount of the Securities then Outstanding may direct the Trustee in its exercise of any trust or power with
respect to the Securities. 
  

	10.	 Trustee Dealings with Issuer. 

The Trustee under the Indenture, in its individual or any other capacity, may make loans to, accept deposits from, and perform services for the
Issuer or its Affiliates or any subsidiary of the Issuer’s Affiliates, and may otherwise deal with the Issuer or its Affiliates as if it were not the Trustee. 
  

	11.	 Authentication. 

This Security shall not be valid until the Trustee signs the certificate of authentication on the other side of this Security. 

 

	12.	 Abbreviations and Defined Terms. 

Customary abbreviations may be used in the name of a Holder of a Security or an assignee, such as: TEN COM (tenant in common), TEN ENT (tenants
by the entireties), JT TEN (joint tenants with right of survivorship and not as tenants in common), CUST (Custodian), and U/G/M/A (Uniform Gifts to Minors Act). 
  

	13.	 CUSIP Numbers. 

Pursuant to a recommendation promulgated by the Committee on Uniform Note Identification Procedures, the Issuer has caused CUSIP numbers to be
printed on the Securities as a convenience to the Holders of the Securities. No representation is made as to the accuracy of such number as printed on the Securities and reliance may be placed only on the other identification numbers printed hereon.

  

	14.	 Absolute Obligation. 

No reference herein to the Indenture and no provision of this Security or the Indenture shall alter or impair the obligation of the Issuer,
which is absolute and unconditional, to pay the principal of, premium, if any, and interest on this Security in the manner, at the respective times, at the rate and in the coin or currency herein prescribed. 

 

	15.	 No Recourse. 

The general partner of the Parent Guarantor and its directors, officers, employees and members, as such, shall have no liability for any
obligations of any Guarantor or the Issuer under the Securities, the Indenture or any Guarantee or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder by accepting the Securities waives and
releases all such liability. The waiver and release are part of the consideration for issuance of the Securities. 

  
 A-6 

	16.	 Governing Law. 

This Security shall be construed in accordance with and governed by the laws of the State of New York. 

 

	17.	 Guarantee. 

The Securities are fully and unconditionally guaranteed on an unsecured, unsubordinated basis by the Parent Guarantor as set forth in
Article XIV of the Indenture, as noted in the Notation of Guarantee to this Security, and under certain circumstances set forth in the Original Indenture one or more Subsidiaries of the Parent Guarantor may be required to join in such
guarantee. 
  

	18.	 Reliance. 

The Holder, by accepting this Security, acknowledges and affirms that (i) it has purchased the Security in reliance upon the separateness
of Parent Guarantor and the general partner of Parent Guarantor from each other and from any other Persons, including Enterprise Products Company (formerly EPCO, Inc.), and (ii) Parent Guarantor and the general partner of Parent Guarantor have
assets and liabilities that are separate from those of other Persons, including Enterprise Products Company. 

  
 A-7 

 NOTATION OF GUARANTEE 

The Parent Guarantor (which term includes any successor Person under the Indenture), has fully, unconditionally and absolutely guaranteed, to
the extent set forth in the Indenture and subject to the provisions in the Indenture, the due and punctual payment of the principal of, and premium, if any, and interest on the Securities and all other amounts due and payable under the Indenture and
the Securities by the Issuer. 
 The obligations of the Parent Guarantor to the Holders of Securities and to the Trustee pursuant to its
Guarantee and the Indenture are expressly set forth in Article XIV of the Indenture and reference is hereby made to the Indenture for the precise terms of the Guarantee. 

 

			
	ENTERPRISE PRODUCTS PARTNERS L.P.
		
	 By:
	 	 ENTERPRISE PRODUCTS HOLDINGS LLC,

    its General Partner

		
	 By:
	 	  

		 	 Name: Christian M. Nelly

		 	 Title: Senior Vice President – Finance and Treasurer

  
 A-8 

 ABBREVIATIONS 

The following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they were written out
in full according to applicable laws or regulations: 
  

									
	TEN COM	 	–	 	as tenants in common	  	UNIF GIFT MIN ACT –	  	 
		 		 		  		  	  

	 	 	 	 	 	  	 	  	 (Cust.)

	TEN ENT	 	–	 	as tenants by entireties	  	Custodian for:	  	 
		 		 		  		  	  

	 	 	 	 	 	  	 	  	(Minor)
	JT TEN	 	–	 	as joint tenants with right of
survivorship and not as tenants in
common	  	under Uniform Gifts to Minors Act of	  	 
		 		  		  	  

	 	 	 	  	 	  	(State)

 Additional abbreviations may also be used though not in the above list. 

 
  

ASSIGNMENT 
 FOR VALUE
RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto 
 PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE 

 

					
	 	 		  	
	
	 
	Please print or type name and address including postal zip code of assignee
	
	 
	
	 
	the within Security and all rights thereunder, hereby irrevocably constituting and appointing
	
	 
	to transfer said Security on the books of the Issuer, with full power of substitution in the premises.

  

							
				
	Dated	 	   
	 		 	   

		 		 		 	Registered Holder

  
 A-9 

 SCHEDULE OF INCREASES OR DECREASES IN GLOBAL SECURITY† 

The following increases or decreases in this Global Security have been made: 

 

									
	 Date of Exchange
	 	 Amount of Decrease in
Principal Amount of this
Global
Security
	 	 Amount of Increase in
Principal Amount of this
Global
Security
	  	 Principal Amount of this
Global Security following
such
decrease (or
increase)
	  	 Signature of authorized
officer of Trustee
or
Depositary

		 		 		  		  	

  

	†	 To be included in a Book-Entry Note. 

  
 A-10 

 Exhibit B 

FORM OF NOTE 
 [FACE OF
SECURITY] 
 [THIS GLOBAL SECURITY SHALL IN ALL RESPECTS BE ENTITLED TO THE SAME BENEFITS AS DEFINITIVE DEBT SECURITIES UNDER THE INDENTURE. UNLESS THIS
CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (“DTC”) (55 WATER STREET, NEW YORK, NEW YORK 10041) TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE
ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR SUCH OTHER ENTITY AS MAY BE REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]* 

[TRANSFERS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH
SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE INDENTURE REFERRED TO HEREIN.]* 

 

			
	No. R-	  	Principal Amount: $             [which amount may be
	CUSIP: 29379V BY8	  	increased or decreased by the Schedule
		  	of Increases and Decreases in Global Security attached hereto.]*

 ENTERPRISE PRODUCTS OPERATING LLC 

3.700% SENIOR NOTE DUE 2051 

ENTERPRISE PRODUCTS OPERATING LLC, a Texas limited liability company (the “Issuer,” which term includes any successor under the
Indenture hereinafter referred to), for value received, hereby promises to pay to                      or its registered assigns, the
principal sum of                      ($            ) U.S. dollars,
[or such greater or lesser principal sum as is shown on the attached Schedule of Increases and Decreases in Global Security]*, on January 31, 2051 in such coin and currency of the United States of America as at the time of payment shall be
legal tender for the payment of public and private debts, and to pay interest thereon at an annual rate of 3.700% payable on January 31 and July 31 of each year, commencing on [Insert July 31, 2020 or for later
issuances, the first Interest Payment Date occurring after the date of issuance of this Security], to the person in whose name this Debt Security (this “Security”) is registered at the close of business on the record date for such
interest, which shall be the preceding January 15 or July 15, as the case may be (each, a “Regular Record Date”), respectively, with interest accruing from and including [Insert the date of issuance of this Security, or if
Debt Securities of this same series have been previously issued, insert the most recent Interest Payment Date on which interest has been paid on Debt Securities of such series], or from and including the most recent date to which interest on
this Security shall have been paid. 
 Reference is made to the further provisions of this Security set forth on the reverse hereof. Such
further provisions shall for all purposes have the same effect as though fully set forth at this place. 
 The statements in the legends set
forth in this Security are an integral part of the terms of this Security and by acceptance hereof the Holder of this Security agrees to be subject to, and bound by, the terms and provisions set forth in each such legend. 

This Security shall not be valid or become obligatory for any purpose until the Trustee’s Certificate of Authentication hereon shall have
been manually signed by the Trustee under the Indenture. 
  

	*	 To be included in a Book-Entry Note. 

  
 B-1 

 IN WITNESS WHEREOF, the Issuer has caused this instrument to be duly executed by its sole
manager. 
 Dated:                     

 

			
	ENTERPRISE PRODUCTS OPERATING LLC
		
	By:	 	 ENTERPRISE PRODUCTS OLPGP, INC.,

    its sole manager

		
	By:	 	  

		 	Name: Christian M. Nelly
		 	Title: Senior Vice President – Finance and Treasurer

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION: 

This is one of the Debt Securities of the series designated therein referred to in the within-mentioned Indenture. 

 

			
	 WELLS FARGO BANK, NATIONAL ASSOCIATION,

        as Trustee

		
	By:	 	  

		 	                    Authorized Signatory

  
 B-2 

 [REVERSE OF SECURITY] 

ENTERPRISE PRODUCTS OPERATING LLC 

3.700% SENIOR NOTE DUE 2051 
  

	1.	 Interest. 

The Issuer promises to pay interest on the principal amount of this Security at the rate of 3.700% per annum. The Issuer will pay interest
semi-annually on January 31 and July 31 of each year, commencing on July 31, 2020 (each an “Interest Payment Date”). Interest will be computed on the basis of a 360-day year
consisting of twelve 30-day months. The Issuer shall pay interest (including post-petition interest in any proceeding under any applicable bankruptcy laws) on overdue installments of interest (without regard
to any applicable grace period) and on overdue principal and premium, if any, from time to time on demand at the same rate per annum, in each case to the extent lawful. 
  

	2.	 Method of Payment. 

The Issuer shall pay interest on the Securities (except Defaulted Interest) to the persons who are the registered Holders at the close of
business on the Regular Record Date immediately preceding the Interest Payment Date. Any such interest not so punctually paid or duly provided for (“Defaulted Interest”) may be paid to the persons who are registered Holders at the close of
business on a special record date for the payment of such Defaulted Interest, or in any other lawful manner not inconsistent with the requirements of any securities exchange on which such Securities may then be listed if such manner of payment shall
be deemed practicable by the Trustee, as more fully provided in the Indenture. The Issuer shall pay principal, premium, if any, and interest in such coin or currency of the United States of America as at the time of payment shall be legal tender for
payment of public and private debts. Payments in respect of a Global Security (including principal, premium, if any, and interest) will be made by wire transfer of immediately available funds to the accounts specified by the Depositary. Payments in
respect of Securities in definitive form (including principal, premium, if any, and interest) will be made at the office or agency of the Issuer maintained for such purpose within The City of New York, which initially will be the corporate trust
office of Wells Fargo Bank, National Association at Corporate Trust, Municipal & Escrow Solutions, 150 East 42nd Street, 40th Floor, New York, New York 10017, or, at the option of the Issuer, payment of interest may be made by
check mailed to the Holders on the relevant record date at their addresses set forth in the Debt Security Register of Holders or at the option of the Holder, payment of interest on Securities in definitive form will be made by wire transfer of
immediately available funds to any account maintained in the United States, provided such Holder has requested such method of payment and provided timely wire transfer instructions to the paying agent. The Holder must surrender this Security to a
paying agent to collect payment of principal. 
  

	3.	 Paying Agent and Registrar. 

Initially, Wells Fargo Bank, National Association will act as paying agent and Registrar. The Issuer may change any paying agent or Registrar
at any time upon notice to the Trustee and the Holders. The Issuer may act as paying agent. 
  

	4.	 Indenture. 

Reference is made hereby to (i) the Indenture dated as of October 4, 2004 (the “Original Indenture”) among Enterprise
Products Operating L.P., as issuer (the “Original Issuer”), Enterprise Products Partners L.P., as parent guarantor (the “Parent Guarantor”), and Wells Fargo Bank, National Association, as trustee (the “Trustee”),
(ii) the Tenth Supplemental Indenture thereto dated as of June 30, 2007 (the “Tenth Supplemental Indenture”), among the Original Issuer, the Issuer, the Parent Guarantor and the Trustee, providing for the Issuer as the successor
issuer and (iii) the Thirty-Fourth Supplemental Indenture thereto dated as of January 15, 2020 (the “Thirty-Fourth Supplemental Indenture”), among the Issuer, the Parent Guarantor and the Trustee, providing for the issuance of
Debt Securities of the series whose designation appears on the face hereof. The Original Indenture, as amended and supplemented by the Tenth Supplemental Indenture and the Thirty-Fourth Supplemental Indenture, and as may be further duly amended and
supplemented in accordance with the terms thereof, is referred to herein as the “Indenture.” Capitalized terms used but not defined herein shall have the respective meanings given to such terms in the Indenture. 

  
 B-3 

 This Security is one of a duly authorized issue of Debt Securities of the series designated
by the Issuer as “3.700% Senior Notes due 2051” (such series of Debt Securities being referred to herein as the “Securities”), all of which are issued or to be issued under and pursuant to the Indenture. The terms of the
Securities include those stated in the Indenture, and those made part of the Indenture by reference to the Trust Indenture Act of 1939, as amended (the “TIA”). The Securities are subject to all such terms, and Holders of Securities are
referred to the Indenture and the TIA for a statement of such terms and a description of the rights, limitations of rights, obligations, duties and immunities thereunder of the Trustee, the Issuer, the Parent Guarantor and the Holder hereof. If and
to the extent any provision of the Indenture limits, qualifies or conflicts with any other provision of the Indenture that is required to be included in the Indenture or is deemed applicable to the Indenture by virtue of the provisions of the TIA,
such required provision shall control. 
  

	5.	 Optional Redemption. 

Prior to July 31, 2050 (the “Par Call Date”), the Securities are redeemable, at the option of the Issuer, at any time in whole,
or from time to time in part, at a redemption price (the “Make-Whole Price”) equal to the greater of: (i) 100% of the principal amount of the Securities to be redeemed; or (ii) the sum of the present values of the remaining
scheduled payments of principal and interest (at the rate in effect on the date of calculation of the Make-Whole Price) on the Securities to be redeemed (exclusive of interest accrued to the date of redemption (the “Redemption Date”)) that
would have been due if the Securities had matured on the Par Call Date, discounted to the Redemption Date on a semiannual basis (assuming a 360-day year consisting of twelve
30-day months) at the applicable Treasury Yield plus 25 basis points; plus, in either case, accrued and unpaid interest to the Redemption Date. 

On or after the Par Call Date, the Securities are redeemable, at the option of the Issuer, at any time in whole, or from time to time in part,
at a redemption price equal to 100% of the principal amount of the Securities to be redeemed plus accrued and unpaid interest to the Redemption Date. 

The actual Make-Whole Price, calculated as provided above, shall be calculated and certified to the Trustee and the Issuer by the Independent
Investment Banker. 
 For purposes of determining the Make-Whole Price, the following definitions are applicable: 

“Treasury Yield” means, with respect to any Redemption Date applicable to the Securities, the rate per annum equal to the
semi-annual equivalent yield to maturity (computed as of the third Business Day immediately preceding such Redemption Date) of the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage of its
principal amount) equal to the applicable Comparable Treasury Price for such Redemption Date. 
 “Comparable Treasury Issue” means
the United States Treasury security selected by the Independent Investment Banker as having a maturity comparable to the remaining term of the Securities to be redeemed, calculated as if the maturity date of the Securities were the Par Call Date
(the “Remaining Life”), that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the Remaining Life of the Securities
to be redeemed; provided, however, that if no maturity is within three months before or after the Par Call Date for such Securities, yields for the two published maturities most closely corresponding to such United States Treasury security
will be determined and the treasury rate will be interpolated or extrapolated from those yields on a straight line basis rounding to the nearest month. 

“Independent Investment Banker” means any one of Citigroup Global Markets Inc., Barclays Capital Inc., SunTrust Robinson Humphrey,
Inc. and Wells Fargo Securities, LLC and their respective successors appointed by the Issuer or, if no such firm is willing and able to select the applicable Comparable Treasury Issue, an independent investment banking institution of national
standing appointed by the Trustee and reasonably acceptable to the Issuer. 
 “Comparable Treasury Price” means, with respect to
any Redemption Date, (a) the average of the Reference Treasury Dealer Quotations for the Redemption Date, after excluding the highest and lowest Reference Treasury Dealer Quotations, or (b) if the Independent Investment Banker obtains
fewer than four Reference Treasury Dealer Quotations, the average of all such quotations. 

  
 B-4 

 “Reference Treasury Dealer” means each of Citigroup Global Markets Inc., Barclays
Capital Inc. and Wells Fargo Securities, LLC and a primary U.S. Government securities dealer in the United States (a “Primary Treasury Dealer”) selected by SunTrust Robinson Humphrey, Inc. or its successor, in each case, so long as it is a
Primary Treasury Dealer at the relevant time and, if it is not then a Primary Treasury Dealer, then a Primary Treasury Dealer selected by it, and in each case their respective successors, plus a Primary Treasury Dealer selected by the Issuer;
provided, however, that if any of the foregoing shall not be a Primary Treasury Dealer at such time and shall fail to select a Primary Treasury Dealer, then the Issuer will substitute therefor another Primary Treasury Dealer. 

“Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer and any Redemption Date for the
Securities, an average, as determined by an Independent Investment Banker, of the bid and asked prices for the Comparable Treasury Issue for the Securities (expressed in each case as a percentage of its principal amount) quoted in writing to an
Independent Investment Banker by such Reference Treasury Dealer at 5:00 p.m., New York City time, on the third Business Day preceding such Redemption Date. 

Except as set forth above, the Securities will not be redeemable prior to their Stated Maturity and will not be entitled to the benefit of any
sinking fund. 
 Securities called for optional redemption become due on the Redemption Date. Notices of optional redemption will be mailed
at least 10 but not more than 60 days before the Redemption Date to each Holder of the Securities to be redeemed at its registered address. The notice of optional redemption for the Securities will state, among other things, the amount of
Securities to be redeemed, the Redemption Date, the redemption price (or the method of calculating such redemption price), and the place(s) that payment will be made upon presentation and surrender of Securities to be redeemed. Unless the Issuer
defaults in payment of the redemption price, interest will cease to accrue on the Redemption Date with respect to any Securities that have been called for optional redemption. If less than all the Securities are redeemed at any time, the Trustee
will select the Securities to be redeemed on a pro rata basis, by lot, or by such other method the Trustee deems fair and appropriate, and when the Securities are in book-entry form, in accordance with the applicable procedures of DTC. 

The Securities may be redeemed in part in multiples of $1,000 only. Any such redemption will also comply with Article III of the
Indenture. 
  

	6.	 Denominations; Transfer; Exchange. 

The Securities are to be issued in registered form, without coupons, in denominations of $1,000 and integral multiples of $1,000 in excess
thereof. A Holder may register the transfer of, or exchange, Securities in accordance with the Indenture. The Registrar may require a Holder, among other things, to furnish appropriate endorsements and transfer documents and to pay any taxes and
fees required by law or permitted by the Indenture. The Issuer hereby irrevocably undertakes to the Holder hereof to exchange this Security in accordance with the terms of the Indenture without charge. 

 

	7.	 Person Deemed Owners. 

The registered Holder of a Security may be treated as the owner of it for all purposes. 

 

	8.	 Amendment; Supplement; Waiver. 

Subject to certain exceptions, the Indenture may be amended or supplemented, and any existing Event of Default or compliance with any provision
may be waived, with the consent of the Holders of a majority in principal amount of the Outstanding Debt Securities of each series affected. Without consent of any Holder of a Security, the parties thereto may amend or supplement the Indenture to,
among other things, cure any ambiguity or omission, to correct any defect or inconsistency, or to make any other change that does not adversely affect the rights of any Holder of a Security. Any such consent or waiver by the Holder of this Security
(unless revoked as provided in the Indenture) shall be conclusive and binding upon such Holder and upon all future Holders and owners of this Security and any Securities which may be issued in exchange or substitution herefor, irrespective of
whether or not any notation thereof is made upon this Security or such other Securities. 

  
 B-5 

	9.	 Defaults and Remedies. 

Certain events of bankruptcy or insolvency are Events of Default that will result in the principal amount of the Securities, together with
premium, if any, and accrued and unpaid interest thereon, becoming due and payable immediately upon the occurrence of such Events of Default. If any other Event of Default with respect to the Securities occurs and is continuing, then in every such
case the Trustee or the Holders of not less than 25% in aggregate principal amount of the Securities then Outstanding may declare the principal amount of all the Securities, together with premium, if any, and accrued and unpaid interest thereon, to
be due and payable immediately in the manner and with the effect provided in the Indenture. Notwithstanding the preceding sentence, however, if at any time after such a declaration of acceleration has been made, the Holders of a majority in
principal amount of the Outstanding Securities, by written notice to the Trustee, may rescind such declaration and annul its consequences if the rescission would not conflict with any judgment or decree of a court already rendered and if all Events
of Default with respect to the Securities, other than the nonpayment of the principal, premium, if any, or interest which has become due solely by such declaration acceleration, shall have been cured or shall have been waived. No such rescission
shall affect any subsequent default or shall impair any right consequent thereon. Holders of Securities may not enforce the Indenture or the Securities except as provided in the Indenture. The Trustee may require indemnity or security satisfactory
to it before it enforces the Indenture or the Securities. Subject to certain limitations, Holders of a majority in aggregate principal amount of the Securities then Outstanding may direct the Trustee in its exercise of any trust or power with
respect to the Securities. 
  

	10.	 Trustee Dealings with Issuer. 

The Trustee under the Indenture, in its individual or any other capacity, may make loans to, accept deposits from, and perform services for the
Issuer or its Affiliates or any subsidiary of the Issuer’s Affiliates, and may otherwise deal with the Issuer or its Affiliates as if it were not the Trustee. 
  

	11.	 Authentication. 

This Security shall not be valid until the Trustee signs the certificate of authentication on the other side of this Security. 

 

	12.	 Abbreviations and Defined Terms. 

Customary abbreviations may be used in the name of a Holder of a Security or an assignee, such as: TEN COM (tenant in common), TEN ENT (tenants
by the entireties), JT TEN (joint tenants with right of survivorship and not as tenants in common), CUST (Custodian), and U/G/M/A (Uniform Gifts to Minors Act). 
  

	13.	 CUSIP Numbers. 

Pursuant to a recommendation promulgated by the Committee on Uniform Note Identification Procedures, the Issuer has caused CUSIP numbers to be
printed on the Securities as a convenience to the Holders of the Securities. No representation is made as to the accuracy of such number as printed on the Securities and reliance may be placed only on the other identification numbers printed hereon.

  

	14.	 Absolute Obligation. 

No reference herein to the Indenture and no provision of this Security or the Indenture shall alter or impair the obligation of the Issuer,
which is absolute and unconditional, to pay the principal of, premium, if any, and interest on this Security in the manner, at the respective times, at the rate and in the coin or currency herein prescribed. 

 

	15.	 No Recourse. 

The general partner of the Parent Guarantor and its directors, officers, employees and members, as such, shall have no liability for any
obligations of any Guarantor or the Issuer under the Securities, the Indenture or any Guarantee or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder by accepting the Securities waives and
releases all such liability. The waiver and release are part of the consideration for issuance of the Securities. 

  
 B-6 

	16.	 Governing Law. 

This Security shall be construed in accordance with and governed by the laws of the State of New York. 

 

	17.	 Guarantee. 

The Securities are fully and unconditionally guaranteed on an unsecured, unsubordinated basis by the Parent Guarantor as set forth in
Article XIV of the Indenture, as noted in the Notation of Guarantee to this Security, and under certain circumstances set forth in the Original Indenture one or more Subsidiaries of the Parent Guarantor may be required to join in such
guarantee. 
  

	18.	 Reliance. 

The Holder, by accepting this Security, acknowledges and affirms that (i) it has purchased the Security in reliance upon the separateness
of Parent Guarantor and the general partner of Parent Guarantor from each other and from any other Persons, including Enterprise Products Company (formerly EPCO, Inc.), and (ii) Parent Guarantor and the general partner of Parent Guarantor have
assets and liabilities that are separate from those of other Persons, including Enterprise Products Company. 

  
 B-7 

 NOTATION OF GUARANTEE 

The Parent Guarantor (which term includes any successor Person under the Indenture), has fully, unconditionally and absolutely guaranteed, to
the extent set forth in the Indenture and subject to the provisions in the Indenture, the due and punctual payment of the principal of, and premium, if any, and interest on the Securities and all other amounts due and payable under the Indenture and
the Securities by the Issuer. 
 The obligations of the Parent Guarantor to the Holders of Securities and to the Trustee pursuant to its
Guarantee and the Indenture are expressly set forth in Article XIV of the Indenture and reference is hereby made to the Indenture for the precise terms of the Guarantee. 

 

			
	ENTERPRISE PRODUCTS PARTNERS L.P.
		
	By:	 	ENTERPRISE PRODUCTS HOLDINGS LLC,
		 	    its General Partner
		
	By:	 	  

		 	Name: Christian M. Nelly
		 	Title:   Senior Vice President – Finance and Treasurer

  
 B-8 

 ABBREVIATIONS 

The following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they were written out in
full according to applicable laws or regulations: 
  

									
	TEN COM	 	–	 	as tenants in common	  	UNIF GIFT MIN ACT –	  	 
		 		 		  		  	  

	 	 	 	 	 	  	 	  	(Cust.)
	TEN ENT	 	–	 	as tenants by entireties	  	Custodian for:	  	 
		 		 		  		  	  

	 	 	 	 	 	  	 	  	(Minor)
	JT TEN	 	–	 	as joint tenants with right of
survivorship and not as tenants in
common	  	under Uniform Gifts to Minors Act of	  	 
		 		  		  	  

	 	 	 	  	 	  	(State)

 Additional abbreviations may also be used though not in the above list. 

 
  

ASSIGNMENT 
 FOR VALUE
RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto 
 PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE 

 

					
	 	 		  	
	
	 
	Please print or type name and address including postal zip code of assignee
	
	 
	
	 
	the within Security and all rights thereunder, hereby irrevocably constituting and appointing
	
	 
	to transfer said Security on the books of the Issuer, with full power of substitution in the premises.

  

							
				
	Dated	 	   
	 		 	   

		 		 		 	Registered Holder

  
 B-9 

 SCHEDULE OF INCREASES OR DECREASES IN GLOBAL SECURITY† 

The following increases or decreases in this Global Security have been made: 

 

									
	 Date of Exchange
	 	 Amount of Decrease in
Principal Amount of this
Global
Security
	 	 Amount of Increase in
Principal Amount of this
Global
Security
	  	 Principal Amount of this
Global Security following
such
decrease (or
increase)
	  	 Signature of authorized
officer of Trustee
or
Depositary

		 		 		  		  	

  

	†	 To be included in a Book-Entry Note. 

  
 B-10 

 Exhibit C 

FORM OF NOTE 
 [FACE OF
SECURITY] 
 [THIS GLOBAL SECURITY SHALL IN ALL RESPECTS BE ENTITLED TO THE SAME BENEFITS AS DEFINITIVE DEBT SECURITIES UNDER THE INDENTURE. UNLESS THIS
CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY (“DTC”) (55 WATER STREET, NEW YORK, NEW YORK 10041) TO THE ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE
ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS MAY BE REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR SUCH OTHER ENTITY AS MAY BE REQUESTED BY AN AUTHORIZED
REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.]* 

[TRANSFERS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH
SUCCESSOR’S NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL SECURITY SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE INDENTURE REFERRED TO HEREIN.]* 

 

			
	No. R-	  	Principal Amount: $             [which amount may be
	CUSIP: 29379V BZ5	  	increased or decreased by the Schedule
		  	of Increases and Decreases in Global Security attached hereto.]*

 ENTERPRISE PRODUCTS OPERATING LLC 

3.950% SENIOR NOTE DUE 2060 

ENTERPRISE PRODUCTS OPERATING LLC, a Texas limited liability company (the “Issuer,” which term includes any successor under the
Indenture hereinafter referred to), for value received, hereby promises to pay to                      or its registered assigns, the
principal sum of                      ($            ) U.S. dollars,
[or such greater or lesser principal sum as is shown on the attached Schedule of Increases and Decreases in Global Security]*, on January 31, 2060 in such coin and currency of the United States of America as at the time of payment shall be
legal tender for the payment of public and private debts, and to pay interest thereon at an annual rate of 3.950% payable on January 31 and July 31 of each year, commencing on [Insert July 31, 2020 or for later
issuances, the first Interest Payment Date occurring after the date of issuance of this Security], to the person in whose name this Debt Security (this “Security”) is registered at the close of business on the record date for such
interest, which shall be the preceding January 15 or July 15, as the case may be (each, a “Regular Record Date”), respectively, with interest accruing from and including [Insert the date of issuance of this Security, or if
Debt Securities of this same series have been previously issued, insert the most recent Interest Payment Date on which interest has been paid on Debt Securities of such series], or from and including the most recent date to which interest on
this Security shall have been paid. 
 Reference is made to the further provisions of this Security set forth on the reverse hereof. Such
further provisions shall for all purposes have the same effect as though fully set forth at this place. 
 The statements in the legends set
forth in this Security are an integral part of the terms of this Security and by acceptance hereof the Holder of this Security agrees to be subject to, and bound by, the terms and provisions set forth in each such legend. 

This Security shall not be valid or become obligatory for any purpose until the Trustee’s Certificate of Authentication hereon shall have
been manually signed by the Trustee under the Indenture. 
  

	*	 To be included in a Book-Entry Note. 

  
 C-1 

 IN WITNESS WHEREOF, the Issuer has caused this instrument to be duly executed by its sole
manager. 
 Dated:                     

 

			
	ENTERPRISE PRODUCTS OPERATING LLC
		
	By:	 	ENTERPRISE PRODUCTS OLPGP, INC.,
		 	    its sole manager
		
	By:	 	  

		 	Name: Christian M. Nelly
		 	Title: Senior Vice President – Finance and Treasurer

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION: 

This is one of the Debt Securities of the series designated therein referred to in the within-mentioned Indenture. 

 

			
	WELLS FARGO BANK, NATIONAL ASSOCIATION,
	        as Trustee
		
	By:	 	  

		 	                    Authorized Signatory

  
 C-2 

 [REVERSE OF SECURITY] 

ENTERPRISE PRODUCTS OPERATING LLC 

3.950% SENIOR NOTE DUE 2060 
  

	1.	 Interest. 

The Issuer promises to pay interest on the principal amount of this Security at the rate of 3.950% per annum. The Issuer will pay interest
semi-annually on January 31 and July 31 of each year, commencing on July 31, 2020 (each an “Interest Payment Date”). Interest will be computed on the basis of a 360-day year
consisting of twelve 30-day months. The Issuer shall pay interest (including post-petition interest in any proceeding under any applicable bankruptcy laws) on overdue installments of interest (without regard
to any applicable grace period) and on overdue principal and premium, if any, from time to time on demand at the same rate per annum, in each case to the extent lawful. 
  

	2.	 Method of Payment. 

The Issuer shall pay interest on the Securities (except Defaulted Interest) to the persons who are the registered Holders at the close of
business on the Regular Record Date immediately preceding the Interest Payment Date. Any such interest not so punctually paid or duly provided for (“Defaulted Interest”) may be paid to the persons who are registered Holders at the close of
business on a special record date for the payment of such Defaulted Interest, or in any other lawful manner not inconsistent with the requirements of any securities exchange on which such Securities may then be listed if such manner of payment shall
be deemed practicable by the Trustee, as more fully provided in the Indenture. The Issuer shall pay principal, premium, if any, and interest in such coin or currency of the United States of America as at the time of payment shall be legal tender for
payment of public and private debts. Payments in respect of a Global Security (including principal, premium, if any, and interest) will be made by wire transfer of immediately available funds to the accounts specified by the Depositary. Payments in
respect of Securities in definitive form (including principal, premium, if any, and interest) will be made at the office or agency of the Issuer maintained for such purpose within The City of New York, which initially will be the corporate trust
office of Wells Fargo Bank, National Association at Corporate Trust, Municipal & Escrow Solutions, 150 East 42nd Street, 40th Floor, New York, New York 10017, or, at the option of the Issuer, payment of interest may be made by
check mailed to the Holders on the relevant record date at their addresses set forth in the Debt Security Register of Holders or at the option of the Holder, payment of interest on Securities in definitive form will be made by wire transfer of
immediately available funds to any account maintained in the United States, provided such Holder has requested such method of payment and provided timely wire transfer instructions to the paying agent. The Holder must surrender this Security to a
paying agent to collect payment of principal. 
  

	3.	 Paying Agent and Registrar. 

Initially, Wells Fargo Bank, National Association will act as paying agent and Registrar. The Issuer may change any paying agent or Registrar
at any time upon notice to the Trustee and the Holders. The Issuer may act as paying agent. 
  

	4.	 Indenture. 

Reference is made hereby to (i) the Indenture dated as of October 4, 2004 (the “Original Indenture”) among Enterprise
Products Operating L.P., as issuer (the “Original Issuer”), Enterprise Products Partners L.P., as parent guarantor (the “Parent Guarantor”), and Wells Fargo Bank, National Association, as trustee (the “Trustee”),
(ii) the Tenth Supplemental Indenture thereto dated as of June 30, 2007 (the “Tenth Supplemental Indenture”), among the Original Issuer, the Issuer, the Parent Guarantor and the Trustee, providing for the Issuer as the successor
issuer and (iii) the Thirty-Fourth Supplemental Indenture thereto dated as of January 15, 2020 (the “Thirty-Fourth Supplemental Indenture”), among the Issuer, the Parent Guarantor and the Trustee, providing for the issuance of
Debt Securities of the series whose designation appears on the face hereof. The Original Indenture, as amended and supplemented by the Tenth Supplemental Indenture and the Thirty-Fourth Supplemental Indenture, and as may be further duly amended and
supplemented in accordance with the terms thereof, is referred to herein as the “Indenture.” Capitalized terms used but not defined herein shall have the respective meanings given to such terms in the Indenture. 

  
 C-3 

 This Security is one of a duly authorized issue of Debt Securities of the series designated
by the Issuer as “3.950% Senior Notes due 2060” (such series of Debt Securities being referred to herein as the “Securities”), all of which are issued or to be issued under and pursuant to the Indenture. The terms of the
Securities include those stated in the Indenture, and those made part of the Indenture by reference to the Trust Indenture Act of 1939, as amended (the “TIA”). The Securities are subject to all such terms, and Holders of Securities are
referred to the Indenture and the TIA for a statement of such terms and a description of the rights, limitations of rights, obligations, duties and immunities thereunder of the Trustee, the Issuer, the Parent Guarantor and the Holder hereof. If and
to the extent any provision of the Indenture limits, qualifies or conflicts with any other provision of the Indenture that is required to be included in the Indenture or is deemed applicable to the Indenture by virtue of the provisions of the TIA,
such required provision shall control. 
  

	5.	 Optional Redemption. 

Prior to July 31, 2059 (the “Par Call Date”), the Securities are redeemable, at the option of the Issuer, at any time in whole,
or from time to time in part, at a redemption price (the “Make-Whole Price”) equal to the greater of: (i) 100% of the principal amount of the Securities to be redeemed; or (ii) the sum of the present values of the remaining
scheduled payments of principal and interest (at the rate in effect on the date of calculation of the Make-Whole Price) on the Securities to be redeemed (exclusive of interest accrued to the date of redemption (the “Redemption Date”)) that
would have been due if the Securities had matured on the Par Call Date, discounted to the Redemption Date on a semiannual basis (assuming a 360-day year consisting of twelve
30-day months) at the applicable Treasury Yield plus 30 basis points; plus, in either case, accrued and unpaid interest to the Redemption Date. 

On or after the Par Call Date, the Securities are redeemable, at the option of the Issuer, at any time in whole, or from time to time in part,
at a redemption price equal to 100% of the principal amount of the Securities to be redeemed plus accrued and unpaid interest to the Redemption Date. 

The actual Make-Whole Price, calculated as provided above, shall be calculated and certified to the Trustee and the Issuer by the Independent
Investment Banker. 
 For purposes of determining the Make-Whole Price, the following definitions are applicable: 

“Treasury Yield” means, with respect to any Redemption Date applicable to the Securities, the rate per annum equal to the
semi-annual equivalent yield to maturity (computed as of the third Business Day immediately preceding such Redemption Date) of the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage of its
principal amount) equal to the applicable Comparable Treasury Price for such Redemption Date. 
 “Comparable Treasury Issue” means
the United States Treasury security selected by the Independent Investment Banker as having a maturity comparable to the remaining term of the Securities to be redeemed, calculated as if the maturity date of the Securities were the Par Call Date
(the “Remaining Life”), that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the Remaining Life of the Securities
to be redeemed; provided, however, that if no maturity is within three months before or after the Par Call Date for such Securities, yields for the two published maturities most closely corresponding to such United States Treasury security
will be determined and the treasury rate will be interpolated or extrapolated from those yields on a straight line basis rounding to the nearest month. 

“Independent Investment Banker” means any one of Citigroup Global Markets Inc., Barclays Capital Inc., SunTrust Robinson Humphrey,
Inc. and Wells Fargo Securities, LLC and their respective successors appointed by the Issuer or, if no such firm is willing and able to select the applicable Comparable Treasury Issue, an independent investment banking institution of national
standing appointed by the Trustee and reasonably acceptable to the Issuer. 
 “Comparable Treasury Price” means, with respect to
any Redemption Date, (a) the average of the Reference Treasury Dealer Quotations for the Redemption Date, after excluding the highest and lowest Reference Treasury Dealer Quotations, or (b) if the Independent Investment Banker obtains
fewer than four Reference Treasury Dealer Quotations, the average of all such quotations. 

  
 C-4 

 “Reference Treasury Dealer” means each of Citigroup Global Markets Inc., Barclays
Capital Inc. and Wells Fargo Securities, LLC and a primary U.S. Government securities dealer in the United States (a “Primary Treasury Dealer”) selected by SunTrust Robinson Humphrey, Inc. or its successor, in each case, so long as it is a
Primary Treasury Dealer at the relevant time and, if it is not then a Primary Treasury Dealer, then a Primary Treasury Dealer selected by it, and in each case their respective successors, plus a Primary Treasury Dealer selected by the Issuer;
provided, however, that if any of the foregoing shall not be a Primary Treasury Dealer at such time and shall fail to select a Primary Treasury Dealer, then the Issuer will substitute therefor another Primary Treasury Dealer. 

“Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer and any Redemption Date for the
Securities, an average, as determined by an Independent Investment Banker, of the bid and asked prices for the Comparable Treasury Issue for the Securities (expressed in each case as a percentage of its principal amount) quoted in writing to an
Independent Investment Banker by such Reference Treasury Dealer at 5:00 p.m., New York City time, on the third Business Day preceding such Redemption Date. 

Except as set forth above, the Securities will not be redeemable prior to their Stated Maturity and will not be entitled to the benefit of any
sinking fund. 
 Securities called for optional redemption become due on the Redemption Date. Notices of optional redemption will be mailed
at least 10 but not more than 60 days before the Redemption Date to each Holder of the Securities to be redeemed at its registered address. The notice of optional redemption for the Securities will state, among other things, the amount of
Securities to be redeemed, the Redemption Date, the redemption price (or the method of calculating such redemption price), and the place(s) that payment will be made upon presentation and surrender of Securities to be redeemed. Unless the Issuer
defaults in payment of the redemption price, interest will cease to accrue on the Redemption Date with respect to any Securities that have been called for optional redemption. If less than all the Securities are redeemed at any time, the Trustee
will select the Securities to be redeemed on a pro rata basis, by lot, or by such other method the Trustee deems fair and appropriate, and when the Securities are in book-entry form, in accordance with the applicable procedures of DTC. 

The Securities may be redeemed in part in multiples of $1,000 only. Any such redemption will also comply with Article III of the
Indenture. 
  

	6.	 Denominations; Transfer; Exchange. 

The Securities are to be issued in registered form, without coupons, in denominations of $1,000 and integral multiples of $1,000 in excess
thereof. A Holder may register the transfer of, or exchange, Securities in accordance with the Indenture. The Registrar may require a Holder, among other things, to furnish appropriate endorsements and transfer documents and to pay any taxes and
fees required by law or permitted by the Indenture. The Issuer hereby irrevocably undertakes to the Holder hereof to exchange this Security in accordance with the terms of the Indenture without charge. 

 

	7.	 Person Deemed Owners. 

The registered Holder of a Security may be treated as the owner of it for all purposes. 

 

	8.	 Amendment; Supplement; Waiver. 

Subject to certain exceptions, the Indenture may be amended or supplemented, and any existing Event of Default or compliance with any provision
may be waived, with the consent of the Holders of a majority in principal amount of the Outstanding Debt Securities of each series affected. Without consent of any Holder of a Security, the parties thereto may amend or supplement the Indenture to,
among other things, cure any ambiguity or omission, to correct any defect or inconsistency, or to make any other change that does not adversely affect the rights of any Holder of a Security. Any such consent or waiver by the Holder of this Security
(unless revoked as provided in the Indenture) shall be conclusive and binding upon such Holder and upon all future Holders and owners of this Security and any Securities which may be issued in exchange or substitution herefor, irrespective of
whether or not any notation thereof is made upon this Security or such other Securities. 

  
 C-5 

	9.	 Defaults and Remedies. 

Certain events of bankruptcy or insolvency are Events of Default that will result in the principal amount of the Securities, together with
premium, if any, and accrued and unpaid interest thereon, becoming due and payable immediately upon the occurrence of such Events of Default. If any other Event of Default with respect to the Securities occurs and is continuing, then in every such
case the Trustee or the Holders of not less than 25% in aggregate principal amount of the Securities then Outstanding may declare the principal amount of all the Securities, together with premium, if any, and accrued and unpaid interest thereon, to
be due and payable immediately in the manner and with the effect provided in the Indenture. Notwithstanding the preceding sentence, however, if at any time after such a declaration of acceleration has been made, the Holders of a majority in
principal amount of the Outstanding Securities, by written notice to the Trustee, may rescind such declaration and annul its consequences if the rescission would not conflict with any judgment or decree of a court already rendered and if all Events
of Default with respect to the Securities, other than the nonpayment of the principal, premium, if any, or interest which has become due solely by such declaration acceleration, shall have been cured or shall have been waived. No such rescission
shall affect any subsequent default or shall impair any right consequent thereon. Holders of Securities may not enforce the Indenture or the Securities except as provided in the Indenture. The Trustee may require indemnity or security satisfactory
to it before it enforces the Indenture or the Securities. Subject to certain limitations, Holders of a majority in aggregate principal amount of the Securities then Outstanding may direct the Trustee in its exercise of any trust or power with
respect to the Securities. 
  

	10.	 Trustee Dealings with Issuer. 

The Trustee under the Indenture, in its individual or any other capacity, may make loans to, accept deposits from, and perform services for the
Issuer or its Affiliates or any subsidiary of the Issuer’s Affiliates, and may otherwise deal with the Issuer or its Affiliates as if it were not the Trustee. 
  

	11.	 Authentication. 

This Security shall not be valid until the Trustee signs the certificate of authentication on the other side of this Security. 

 

	12.	 Abbreviations and Defined Terms. 

Customary abbreviations may be used in the name of a Holder of a Security or an assignee, such as: TEN COM (tenant in common), TEN ENT (tenants
by the entireties), JT TEN (joint tenants with right of survivorship and not as tenants in common), CUST (Custodian), and U/G/M/A (Uniform Gifts to Minors Act). 
  

	13.	 CUSIP Numbers. 

Pursuant to a recommendation promulgated by the Committee on Uniform Note Identification Procedures, the Issuer has caused CUSIP numbers to be
printed on the Securities as a convenience to the Holders of the Securities. No representation is made as to the accuracy of such number as printed on the Securities and reliance may be placed only on the other identification numbers printed hereon.

  

	14.	 Absolute Obligation. 

No reference herein to the Indenture and no provision of this Security or the Indenture shall alter or impair the obligation of the Issuer,
which is absolute and unconditional, to pay the principal of, premium, if any, and interest on this Security in the manner, at the respective times, at the rate and in the coin or currency herein prescribed. 

 

	15.	 No Recourse. 

The general partner of the Parent Guarantor and its directors, officers, employees and members, as such, shall have no liability for any
obligations of any Guarantor or the Issuer under the Securities, the Indenture or any Guarantee or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder by accepting the Securities waives and
releases all such liability. The waiver and release are part of the consideration for issuance of the Securities. 

  
 C-6 

	16.	 Governing Law. 

This Security shall be construed in accordance with and governed by the laws of the State of New York. 

 

	17.	 Guarantee. 

The Securities are fully and unconditionally guaranteed on an unsecured, unsubordinated basis by the Parent Guarantor as set forth in
Article XIV of the Indenture, as noted in the Notation of Guarantee to this Security, and under certain circumstances set forth in the Original Indenture one or more Subsidiaries of the Parent Guarantor may be required to join in such
guarantee. 
  

	18.	 Reliance. 

The Holder, by accepting this Security, acknowledges and affirms that (i) it has purchased the Security in reliance upon the separateness
of Parent Guarantor and the general partner of Parent Guarantor from each other and from any other Persons, including Enterprise Products Company (formerly EPCO, Inc.), and (ii) Parent Guarantor and the general partner of Parent Guarantor have
assets and liabilities that are separate from those of other Persons, including Enterprise Products Company. 

  
 C-7 

 NOTATION OF GUARANTEE 

The Parent Guarantor (which term includes any successor Person under the Indenture), has fully, unconditionally and absolutely guaranteed, to
the extent set forth in the Indenture and subject to the provisions in the Indenture, the due and punctual payment of the principal of, and premium, if any, and interest on the Securities and all other amounts due and payable under the Indenture and
the Securities by the Issuer. 
 The obligations of the Parent Guarantor to the Holders of Securities and to the Trustee pursuant to its
Guarantee and the Indenture are expressly set forth in Article XIV of the Indenture and reference is hereby made to the Indenture for the precise terms of the Guarantee. 

 

			
	ENTERPRISE PRODUCTS PARTNERS L.P.
		
	By:	 	ENTERPRISE PRODUCTS HOLDINGS LLC,
		 	    its General Partner
		
	By:	 	  

		 	Name: Christian M. Nelly
		 	Title:   Senior Vice President – Finance and Treasurer

  
 C-8 

 ABBREVIATIONS 

The following abbreviations, when used in the inscription on the face of this instrument, shall be construed as though they were written out in
full according to applicable laws or regulations: 
  

									
	TEN COM	 	–	 	as tenants in common	  	UNIF GIFT MIN ACT –	  	 
		 		 		  		  	  

	 	 	 	 	 	  	 	  	(Cust.)
	TEN ENT	 	–	 	as tenants by entireties	  	Custodian for:	  	 
		 		 		  		  	  

	 	 	 	 	 	  	 	  	(Minor)
	JT TEN	 	–	 	as joint tenants with right of
survivorship and not as tenants in
common	  	under Uniform Gifts to Minors Act of	  	 
		 		  		  	  

	 	 	 	  	 	  	(State)

 Additional abbreviations may also be used though not in the above list. 

 
  

ASSIGNMENT 
 FOR VALUE
RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto 
 PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE 

 

					
	 	 		  	
	
	 
	Please print or type name and address including postal zip code of assignee
	
	 
	
	 
	the within Security and all rights thereunder, hereby irrevocably constituting and appointing
	
	 
	to transfer said Security on the books of the Issuer, with full power of substitution in the premises.

  

							
				
	Dated	 	   
	 		 	   

		 		 		 	Registered Holder

  
 C-9 

 SCHEDULE OF INCREASES OR DECREASES IN GLOBAL SECURITY† 

The following increases or decreases in this Global Security have been made: 

 

									
	 Date of Exchange
	 	 Amount of Decrease in
Principal Amount of this
Global
Security
	 	 Amount of Increase in
Principal Amount of this
Global
Security
	  	 Principal Amount of this
Global Security following
such
decrease (or
increase)
	  	 Signature of authorized
officer of Trustee
or
Depositary

		 		 		  		  	

  

	†	 To be included in a Book-Entry Note. 

  
 C-10

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