Document:

EX-4.2

 Exhibit 4.2 

Execution Version 

REGISTRATION RIGHTS AGREEMENT 

by and between 

ENTERPRISE PRODUCTS PARTNERS L.P. 

and 
 THE PURCHASERS
NAMED HEREIN 
 dated as of September 30, 2020 

 REGISTRATION RIGHTS AGREEMENT 

THIS REGISTRATION RIGHTS AGREEMENT (this “Agreement”) is made and entered into as of September 30, 2020, by and between
Enterprise Products Partners L.P., a Delaware limited partnership (“Enterprise”), and each of the Purchasers set forth on Schedule A to this Agreement (each, a “Purchaser” and, collectively, the
“Purchasers”). 
 WHEREAS, this Agreement is entered into in connection with the issuance and sale of the Preferred Units
(as defined below), pursuant to the Series A Cumulative Convertible Preferred Unit Purchase Agreement, dated as of September 30, 2020 (the “Purchase Agreement”), by and among Enterprise and the Purchasers; 

WHEREAS, Enterprise has agreed to provide the registration and other rights set forth in this Agreement for the benefit of the Purchasers
pursuant to the Purchase Agreement; and 
 WHEREAS, it is a condition to the respective obligations of Enterprise and each of the Purchasers
to consummate the transactions contemplated by the Purchase Agreement that each of the parties hereto execute and deliver this Agreement, contemporaneously with the closing of the transactions contemplated by the Purchase Agreement. 

NOW, THEREFORE, in consideration of the mutual covenants and agreements set forth herein and for good and valuable consideration, the receipt
and sufficiency of which is hereby acknowledged by each party hereto, the parties hereby agree as follows: 
 ARTICLE I. 

DEFINITIONS 

Section 1.01 Definitions. Unless otherwise defined in this Agreement, terms shall have the same the meaning as in the Purchase
Agreement. As used in this Agreement, the following terms have the meanings indicated: 
 “Affiliate” means with respect to
any Person, any other Person that directly, or indirectly through one or more intermediaries, controls, or is controlled by, or is under common control with, the Person in question. The term “control” (including the terms
“controlling,” “controlled by,” and “under common control with”) means the possession, direct or indirect, of the power to direct or cause the direction of the management and policies of a Person, whether through
ownership of voting securities, by contract or otherwise. For the avoidance of doubt, for purposes of this Agreement, (a) the General Partner or Enterprise, on the one hand, and any Purchaser, on the other, shall not be considered Affiliates
and (b) with respect to any Holder that is an investment fund, investment account or investment company, any other investment fund, investment account or investment company that is managed, advised or
sub-advised by the same investment advisor as such Holder or by an Affiliate of such investment advisor, shall be considered controlled by, and an Affiliate of, such Holder. 

“Agreement” has the meaning specified therefor in the Preamble of this Agreement. 

  
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 “ATM Program” means any continuous equity program, “at-the-market” or “dribble out” program or similar continuous equity transaction program under which Enterprise engages one or more investment banks or
other broker-dealers to act as distribution agents in continuous registered offerings of Common Units. 
 “Business Day”
has the meaning specified therefor in the Partnership Agreement. 
 “Closing Date” has the meaning specified therefor in
the Purchase Agreement. 
 “Commission” means the United States Securities and Exchange Commission. 

“Common Units” means the common units representing limited partnership interests of Enterprise. 

“Effectiveness Period” has the meaning specified therefor in Section 2.01(a). 

“Enterprise” has the meaning specified therefor in the Preamble of this Agreement. 

“Exchange Act” means the Securities Exchange Act of 1934, as amended from time to time, and the rules and regulations of the
SEC promulgated thereunder. 
 “General Partner” means Enterprise Products Holdings LLC, a Delaware limited liability
company. 
 “Governmental Authority” means, with respect to a particular Person, any country, state, county, city and
political subdivision in which such Person or such Person’s assets are located or which exercises valid jurisdiction over any such Person or such Person’s assets, and any court, agency, department, commission, board, bureau, official or
other regulatory authority (including self-regulated organizations or other non-governmental regulatory authorities) or instrumentality of any of them and any monetary authority which exercises valid
jurisdiction over any such Person or such Person’s assets. Unless otherwise specified, all references to Governmental Authority herein with respect to Enterprise mean a Governmental Authority having jurisdiction over the Partnership Entities or
any of their respective assets. 
 “Holder” means the record holder of any Registrable Securities under this Agreement. For
the avoidance of doubt, in accordance with Section 3.05 of this Agreement, for purposes of determining the availability of any rights and applicability of any obligations under this Agreement, including calculating the
amount of Registrable Securities held by a Holder, a Holder’s Registrable Securities shall be aggregated together with all Registrable Securities held by other Holders who are Affiliates of such Holder. 

“Launch Date” has the meaning specified therefor in Section 2.01(e). 

“Law” means any statute, law, ordinance, regulation, rule, order, code, governmental restriction, decree, injunction or other
requirement of law, or any judicial or administrative interpretation thereof, of any Governmental Authority. 

  
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 “Liquidated Damages” has the meaning specified in
Section 2.01(b). 
 “Liquidated Damages Multiplier” means the applicable total Unit Price based
on the number of Registrable Securities then held by the applicable Holder and required to be included on the applicable Registration Statement. 

“Losses” has the meaning specified therefor in Section 2.05(a). 

“Managing Underwriter” means, with respect to any Underwritten Offering, one or more book-running lead managers of such
Underwritten Offering. 
 “Offering Demand” has the meaning specified therefor in
Section 2.01(d). 
 “Other Holders” has the meaning specified therefor in
Section 2.01(g). 
 “Partnership Agreement” means the Seventh Amended and Restated Agreement of
Limited Partnership of Enterprise Products Partners L.P., dated as of September 30, 2020, as may be amended from time to time. 

“Person” means an individual, corporation, association, trust, limited liability company, limited partnership, limited
liability partnership, partnership, incorporated organization, or other entity or group (as defined in Section 13(d)(3) of the Exchange Act). 

“PIK Units” means any additional Series A Preferred Units issued by Enterprise to the Purchasers as in-kind distributions pursuant to the Partnership Agreement. 
 “Preferred Units” means
the Series A Preferred Units, including any PIK Units, issued pursuant to the Partnership Agreement. 
 “Purchase
Agreement” has the meaning specified therefor in the Recitals of this Agreement. 
 “Purchaser” and
“Purchasers” have the meanings specified in the introductory paragraph of this Agreement. 
 “Registrable
Securities” means (i) the Common Units issued or issuable upon the conversion of the Preferred Units acquired by the Purchasers pursuant to the Purchase Agreement or, in the case of PIK Units, pursuant to the Partnership Agreement, and
(ii) any Common Units or other securities of Enterprise issued as (or issuable upon the conversion or exercise of any warrant, right or other security that is issued as) a dividend or other distribution with respect to, or in exchange for or in
replacement of, the securities referenced in clause (i) above, in each case until such time as such securities described in clause (i) or (ii) above cease to be Registrable Securities pursuant to Section 1.02.

 “Registration Expenses” has the meaning specified therefor in Section 2.04(a). 

  
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 “Registration Statement” has the meaning specified therefor in
Section 2.01(a). 
 “Rule 144 Fall-Away Date” has the meaning specified therefor in
Section 1.02. 
 “Securities Act” means the Securities Act of 1933, as amended from time to time,
and the rules and regulations of the SEC promulgated thereunder. 
 “Selling Expenses” has the meaning specified therefor
in Section 2.04(b). 
 “Selling Holder” means a Holder who is selling Registrable Securities
pursuant to a Registration Statement pursuant to the terms of this Agreement. 
 “Selling Holder Documentation” has the
meaning specified therefor in Section 2.04(e). 
 “Series A Preferred Units” means the Series A
Cumulative Convertible Preferred Units issued by Enterprise. 
 “Underwritten Offering” means (i) an offering in which
Common Units are sold to an underwriter on a firm commitment basis for reoffering to the public (excluding any “at-the-market” offering), or (ii) an
offering that is a “bought deal” with one or more investment banks. 
 “Unit Price” means the underlying
liquidation value (including Stated Series A Liquidation Preference (as defined in the Partnership Agreement) and any applicable accrued and unpaid Series A Distributions under any applicable Series A Conversion Ratio or related conversion
formulations under the Partnership Agreement), of all Series A Preferred Units or PIK Units from which the Registrable Securities were converted. 

Section 1.02 Registrable Securities. Any Registrable Security will cease to be a Registrable Security upon the earlier to occur of
the following: (a) a registration statement covering such Registrable Security has been declared effective by the Commission and such Registrable Security has been sold or disposed of pursuant to such effective registration statement;
(b) such Registrable Security has been disposed of pursuant to any section of Rule 144 under the Securities Act (or any similar provision then in force under the Securities Act), other than in a transaction permitted by
Section 2.07; (c) such Registrable Security is held by Enterprise or one of its Subsidiaries; or (d) such Registrable Security becomes eligible for sale pursuant to Rule 144(b)(1)(i) without limitation under any other
of the requirements of Rule 144 under the Securities Act (or any similar provision then in force under the Securities Act) (the “Rule 144 Fall-Away Date”). 

ARTICLE II. 

REGISTRATION RIGHTS 

Section 2.01 Registration Rights. 

(a) Registration Rights. Subject to Section 2.01(f), prior to the earlier of (i) if any
Preferred Units are converted or exchanged into or for Common Units prior to the fifth (5th) anniversary of the Closing Date, promptly following the date any Preferred Units are 

  
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first converted or exchanged into or for Common Units or any other security and (ii) the fifth (5th) anniversary of the Closing Date, Enterprise will use its commercially reasonable efforts
to prepare and file a registration statement under the Securities Act to permit the public resale of the Registrable Securities from time to time as permitted by Rule 415 under the Securities Act (a “Registration Statement”). A
Registration Statement filed pursuant to this Section 2.01 shall be on such appropriate registration form of the Commission as shall be selected by Enterprise; provided, however, the form of registration will
be on Form S-3, if available (or any successor form, as applicable) and will permit a broad plan of distribution (including sales not involving a firm commitment underwritten offering). Enterprise will use its
commercially reasonable efforts to cause a Registration Statement to remain continuously effective with respect to the resale of all Registrable Securities (including by filing as promptly as practicable, if requested by a Holder, any necessary
post-effective amendments to such Registration Statement or one or more successor Registration Statements, including for the purpose of including additional Selling Holders or adding Registrable Securities referenced in clause (ii) of the
definition of “Registrable Securities”) until all Registrable Securities have been distributed in the manner set forth and as contemplated in the Registration Statement or there are no longer any Registrable Securities outstanding covered
by such Registration Statement (as applicable, the “Effectiveness Period”). Each Registration Statement when declared effective (including the documents incorporated therein by reference) will comply as to form with all applicable
requirements of the Securities Act and will not contain an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading. As soon as practicable
following the date a Registration Statement becomes effective, but in any event within two Business Days after such date, Enterprise shall provide the Selling Holders with written notice thereof. 

(b) Registration of Securities Issuable Upon Conversion. To the extent a Registration Statement filed pursuant to this
Section 2.01 relates to Registrable Securities issuable upon the conversion or exercise of any warrant, right or other security and the conversion ratio applicable to such conversion or exercise is not fixed, the
Partnership shall be deemed to have temporarily satisfied its obligations under Section 2.01(a) if such Registration Statement covers a number of Common Units that would reasonably be expected to be issued upon conversion
or exercise; provided that, the Partnership shall register the resale of additional Common Units to the extent the number of Common Units expected to be issued or actually issued upon such conversion exceeds the amount of Common Units
already included in a Registration Statement. 
 (c) Liquidated Damages. To the extent that a Registration Statement
with respect to Registrable Securities either (i) is not effective prior to the fifth (5th) anniversary of the Closing Date or (ii) in connection with the conversion or exchange of Preferred Units into Common Units prior to the fifth (5th)
anniversary of the Closing Date, a Registration Statement is not effective on or prior to the date 90 days following the date of the filing thereof, other than at the fault of a Selling Holder, Enterprise shall pay on a quarterly basis to each of
the Selling Holders as liquidated damages an amount equal to 0.25% of the Liquidated Damages Multiplier with respect to the Registrable Securities then held by such Selling Holder, prorated with respect to the number of days in and with respect to
each six-month period after such date, until the Registration Statement becomes effective (the “Liquidated Damages”). 

  
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 (d) Delay Rights. Notwithstanding anything to the contrary contained
herein, Enterprise may, upon written notice to any Selling Holder whose Registrable Securities are included in a Registration Statement, suspend such Selling Holder’s use of any prospectus which is a part of the Registration Statement (in which
event the Selling Holder shall discontinue sales of the Registrable Securities pursuant to the Registration Statement other than the closing of sales already committed for prior to receipt of such notice to suspend) if Enterprise (i) is
actively pursuing a financing (other than pursuant to any ATM Program), acquisition, merger, reorganization, disposition or other similar transaction and determines in good faith that its ability to pursue or consummate such a transaction would be
materially adversely affected by any required disclosure of such transaction in the Registration Statement or any related prospectus, (ii) determines that an amendment or supplement to the Registration Statement is necessary, or (iii) has
experienced some other material non-public event the disclosure of which at such time, in the good faith judgment of Enterprise, would be material and adverse; provided, however, that in no event
shall the Selling Holders be suspended for a period exceeding an aggregate of 90 days (exclusive of days covered by any lock-up agreement executed by a Holder in connection with any Underwritten Offering by
the Holders) in any 365-day period. Upon disclosure of such information or the termination of the condition described above, Enterprise shall provide prompt notice to the Selling Holders whose Registrable
Securities are included in the Registration Statement and shall promptly terminate any suspension of sales it has put into effect and shall take such other actions to permit registered sales of Registrable Securities as contemplated in this
Agreement. 
 (e) Procedures Related to Offering Demands. Once a Registration Statement covering such Holder’s or
Holders’ Registrable Securities is effective, any Holder or Holders of then-outstanding Registrable Securities may request in writing that Enterprise engage in an Underwritten Offering in respect of such Holder’s or Holders’
Registrable Securities (an “Offering Demand”). Promptly upon receipt of an Offering Demand, Enterprise shall give written notice thereof to all Other Holders. In connection with any Offering Demand, all Holders who notify Enterprise
in writing within five days after the date of notice of such Offering Demand that they desire to include Registrable Securities in the Underwritten Offering pursuant to a Registration Statement shall be permitted to do so. If a prospectus or a
prospectus supplement will be used in connection with the marketing of an Underwritten Offering from the Registration Statement and the Managing Underwriter selected by the Selling Holders at any time shall notify Enterprise in writing that, in the
sole judgment of such Managing Underwriter, inclusion of detailed information to be used in such prospectus or prospectus supplement is of material importance to the success of the Underwritten Offering of such Registrable Securities, Enterprise
shall use its commercially reasonable efforts to include such information in such a prospectus or prospectus supplement. 

(f) Procedures with Respect to an Underwritten Offering. In the event of any Offering Demand, Enterprise shall enter
into an underwriting agreement in customary form with the Managing Underwriter, which shall include, among other provisions, indemnities 

  
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to the effect and to the extent provided in Section 2.05, and shall take all such other reasonable actions as are requested by the Managing Underwriter in order to
expedite or facilitate the registration and disposition of the Registrable Securities. In connection with any Underwritten Offering under this Section 2.01, a majority of the Selling Holders shall be entitled to select the
Managing Underwriter with respect to the Registrable Securities to be sold in that Underwritten Offering. In connection with an Underwritten Offering under this Section 2.01, each Selling Holder and Enterprise shall be
obligated to enter into an underwriting agreement that contains such representations, covenants, indemnities and other rights and obligations as are customary in underwriting agreements for firm commitment offerings of securities. The Managing
Underwriter of the Underwritten Offering shall, no later than the two Business Days prior to the expected date such Underwritten Offering is expected to be launched (the “Launch Date”), provide to the Selling Holders all of the
documentation customarily required for the inclusion of Registrable Securities in the Underwritten Offering, including, without limitation, a custody agreement and
power-of-attorney, underwriting agreement with Selling Holders’ customary representations, warranties, covenants, indemnities and other rights and obligations as
are customary in underwriting agreements for firm commitment offerings of securities, a form of legal opinion required to be delivered by counsel to the Selling Holders (in form and substance reasonably acceptable to counsel for the Selling Holders)
at the closing of an Underwritten Offering and any over-allotment option closing, questionnaires, powers of attorney, indemnities, lock-up agreements (it being understood such agreements shall only contain lock-up provisions that restrict the Selling Holders for a period not exceeding the duration of the shortest restriction generally imposed by the underwriters on Enterprise or other parties subject to lock-up restrictions in respect of Common Units) and other documents reasonably required under the terms of such underwriting agreement (collectively, the “Selling Holder Documentation”). No Selling
Holder may participate in such Underwritten Offering unless such Selling Holder agrees to sell its Registrable Securities on the basis provided in such underwriting agreement and, subject to receipt of notice of the Underwritten Offering and Selling
Holder Documentation within the time period set forth above: (A) complete its review, return and execute (as applicable) the Selling Holder Documentation at least one Business Day prior to the expected Launch Date; (B) place the
Registrable Securities eligible for inclusion in an Underwritten Offering into the custody of Enterprise’s transfer agent at least one Business Day prior to the expected Launch Date; (C) agree to participate following reasonable notice in
any due diligence calls arranged by the Managing Underwriter of an Underwritten Offering on the expected Launch Date, the pricing date of an Underwritten Offering or in advance of the closing of an Underwritten Offering and any over-allotment option
closing; and (D) unconditionally waive any right to withdraw any Registrable Securities placed into the custody of Enterprise’s transfer agent for inclusion in an Underwritten Offering within one Business Day of the expected Launch Date,
whether on the basis of the offering price, underwriter discount, or for any other reason. Each Selling Holder may, at its option, require that any or all of the representations and warranties by, and the other agreements on the part of, Enterprise
to and for the benefit of such underwriters also be made to and for such Selling Holder’s benefit and that any or all of the conditions precedent to the obligations of such underwriters under such underwriting agreement also be conditions
precedent to its obligations. No Selling Holder shall be required to make any 

  
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representations or warranties to or agreements with Enterprise or the underwriters other than representations, warranties or agreements regarding such Selling Holder and its ownership of the
securities being registered on its behalf and its intended method of distribution and any other representation required by law. If any Selling Holder disapproves of the terms of an underwriting, such Selling Holder may elect to withdraw therefrom by
notice to Enterprise and a Managing Underwriter; provided, however, that such withdrawal must be made at or prior to the time of pricing of such offering to be effective. No such withdrawal or abandonment shall affect Enterprise’s
obligation to pay Registration Expenses. 
 (g) Limitation on Offering Demands. Any Underwritten Offering related to a
Registration Statement shall be counted as one Offering Demand, and Enterprise shall have no obligation to effect in the aggregate, more than one (1) Offering Demand pursuant to this Section 2.01. Any Offering Demand
shall involve Registrable Securities with a fair market value of at least $35 million. 
 (h) Priority With Respect
to Holder-Initiated Underwritten Offerings. Notwithstanding anything to the contrary contained in this Agreement, in connection with an Underwritten Offering contemplated by Section 2.01, if any Managing Underwriter of
such Underwritten Offering advises Enterprise that the total amount of Common Units that the Selling Holders and any other Persons intend to include in such Underwritten Offering exceeds the number that can be sold in such Underwritten Offering
without being likely to have an adverse effect on the price, timing or distribution of the Common Units offered or the market for the Common Units, then the Common Units to be included in such Underwritten Offering shall include the number of Common
Units that such Managing Underwriter advises Enterprise can be sold without having such adverse effect, with such number to be allocated (i) first, pro rata among the Selling Holders, based, for each such Selling Holder, on the percentage
derived by dividing (A) the number of Common Units proposed to be sold by such Selling Holder in such Underwritten Offering; by (B) the aggregate number of Common Units proposed to be sold by all Selling Holders in the Underwritten
Offering; (ii) second, to Enterprise; and (iii) third, pro rata among any other Persons who have been or are granted registration rights on or after the date of this Agreement who have requested participation in the Underwritten Offering
(the “Other Holders”) based, for each such Other Holder, (i) on the percentage derived by dividing (A) the number of Common Units proposed to be sold by such Other Holders in such Underwritten Offering; by (B) the
aggregate number of Common Units proposed to be sold by all Other Holders in the Underwritten Offering or (ii) on such other manner as such Other Holders may agree. 

(i) Notification by Holders. Each Selling Holder shall notify Enterprise at such time as such Selling Holder has sold or
otherwise disposed of all of its Registrable Securities. 
 Section 2.02 Registration Procedures. In connection with its
obligations contained in Section 2.01, Enterprise will, as expeditiously as reasonably practicable: 

  
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 (a) prepare and file with the Commission such amendments and supplements to
a Registration Statement and the prospectus used in connection therewith as may be necessary to keep such Registration Statement effective for the Effectiveness Period and as may be necessary to comply with the provisions of the Securities Act with
respect to the disposition of all Registrable Securities covered by such Registration Statement; 
 (b) furnish to each
Selling Holder (i) as far in advance as reasonably practicable before filing a Registration Statement or any other registration statement contemplated by this Agreement or any supplement or amendment thereto (other than reports under the
Exchange Act that are deemed to be supplements or amendments), upon request, copies of reasonably complete drafts of all such documents proposed to be filed (including furnishing or making available exhibits and each document incorporated by
reference therein to the extent then required by the rules and regulations of the Commission), and provide each such Selling Holder the opportunity to object to any information pertaining to such Selling Holder and its plan of distribution that is
contained therein and make the corrections reasonably requested by such Selling Holder with respect to such information prior to filing such registration statement or supplement or amendment thereto; and (ii) such number of copies of such
registration statement and the prospectus included therein and any supplements and amendments thereto as such Persons may reasonably request in order to facilitate the public sale or other disposition of the Registrable Securities covered by such
registration statement; 
 (c) if applicable, use its commercially reasonable efforts to register or qualify the Registrable
Securities covered by any registration statement contemplated by this Agreement under the securities or blue sky laws of such jurisdictions as the Selling Holders or, in the case of an Underwritten Offering, the Managing Underwriter, shall
reasonably request, provided that Enterprise will not be required to qualify generally to transact business in any jurisdiction where it is not then required to so qualify or to take any action which would subject it to general service of
process or taxation in any such jurisdiction where it is not then so subject; 
 (d) promptly notify each Selling Holder and
each underwriter, at any time when a prospectus relating thereto is required to be delivered under the Securities Act, of (i) the filing of any registration statement contemplated by this Agreement or any prospectus or prospectus supplement to
be used in connection therewith, or any amendment or supplement thereto, and, with respect to such registration statement contemplated by this Agreement, when the same has become effective; and (ii) any written comments from the Commission with
respect to any filing referred to in clause (i) and any written request by the Commission for amendments or supplements to any registration statement contemplated by this Agreement or any prospectus or prospectus supplement thereto; 

(e) immediately notify each Selling Holder and each underwriter, at any time when a prospectus relating thereto is required to
be delivered under the Securities Act, of (i) the occurrence of any event as a result of which the prospectus or prospectus supplement contained in any registration statement contemplated by this Agreement, as then in effect, includes an untrue
statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading in the light 

  
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of the circumstances then existing; (ii) the issuance or threat of issuance by the Commission of any stop order suspending the effectiveness of any registration statement contemplated by
this Agreement, or the initiation of any proceedings for that purpose; or (iii) the receipt by Enterprise of any notification with respect to the suspension of the qualification of any Registrable Securities for sale under the applicable
securities or blue sky laws of any jurisdiction. Following the provision of such notice, Enterprise agrees to as promptly as reasonably practicable amend or supplement the prospectus or prospectus supplement or take other appropriate action so that
the prospectus or prospectus supplement does not include an untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the light of the
circumstances then existing and to take such other action as is necessary to remove a stop order, suspension, threat thereof or proceedings related thereto; 

(f) subject to appropriate confidentiality obligations, furnish to each Selling Holder copies of any and all transmittal
letters or other correspondence with the Commission or any other governmental agency or self-regulatory body or other body having jurisdiction (including any domestic or foreign securities exchange) relating to such offering of Registrable
Securities; 
 (g) in the case of an Underwritten Offering, upon request, furnish to the underwriters (i) an opinion of
counsel for Enterprise, dated the effective date of the closing under the underwriting agreement; and (ii) a “comfort letter,” dated the effective date of the applicable registration statement or the date of any amendment of
supplement thereto and a letter of like kind dated the date of the closing under the underwriting agreement, in each case, signed by the independent public accountants who have certified Enterprise’s financial statements included or
incorporated by reference into the applicable registration statement, and each of the opinion and the “comfort letter” shall be in customary form and covering substantially the same matters with respect to such registration statement (and
the prospectus and any prospectus supplement included therein) and as are customarily covered in opinions of issuers’ counsel and in accountants’ letters delivered to underwriters in underwritten offerings of securities by Enterprise, and
such other matters as such underwriters may reasonably request; 
 (h) otherwise use its commercially reasonable efforts to
comply with all applicable rules and regulations of the Commission, and make available to its security holders, as soon as reasonably practicable, an earnings statement covering the period of at least 12 months, but not more than 18 months,
beginning with the first full calendar month after the effective date of such registration statement, which earnings statement shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 promulgated thereunder; 

(i) make available to the appropriate representatives of the Managing Underwriter and Selling Holders access to such
information and Enterprise personnel as is reasonable and customary to enable such parties to establish a due diligence defense under the Securities Act; provided that Enterprise need not disclose any information to any such representative
unless and until such representative has entered into a confidentiality agreement with Enterprise; 

  
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 (j) use its commercially reasonable efforts to cause all such Registrable
Securities registered pursuant to this Agreement to be listed on each securities exchange or nationally recognized quotation system on which Common Units issued by Enterprise are then listed; 

(k) provide a transfer agent and registrar for all Registrable Securities covered by such Registration Statement not later than
the effective date of such Registration Statement; and 
 (l) enter into customary agreements and take such other actions as
are reasonably requested by the Selling Holders or the underwriters, if any, in order to expedite or facilitate the disposition of such Registrable Securities, including cooperating to cause any applicable restrictive legends to be removed
(1) promptly upon notification of any disposition of Registrable Securities in reliance upon any effective Registration Statement, (2) beginning on the six-month anniversary of the date of this
Agreement, promptly upon the delivery by each Selling Holder and participating broker to Enterprise of a letter in customary form for Rule 144 representing that such Selling Holder has complied with the applicable provisions of Rule 144, in
connection with dispositions of such Registrable Securities, and (3) promptly upon request by a Selling Holder after the Rule 144 Fall-Away Date, including delivery by such Selling Holder to Enterprise of a letter in customary form for Rule 144
representing that the applicable provisions of Rule 144 have been met in connection with such Rule 144 Fall-Away Date, and to request a “blanket” opinion of counsel to Enterprise regarding legend removals to be provided to
Enterprise’s transfer agent in connection with (1) and (2) subject to delivery by the Selling Holders of representation letters in agreed-upon forms; provided, (A) in no event shall Enterprise be required to cease issuances of Common
Units under any ATM Program pursuant to any lock ups requested by the underwriters, and (B) in no event shall officers of the General Partner be obligated to participate in more than one roadshow presentation. 

Each Selling Holder, upon receipt of notice from Enterprise of the occurrence of any event of the kind described in subsection (e) of this
Section 2.02, shall forthwith discontinue disposition of the Registrable Securities until such Selling Holder’s receipt of the copies of the supplemented or amended prospectus contemplated by subsection (e) of
this Section 2.02 or until it is advised in writing by Enterprise that the use of the prospectus may be resumed, and has received copies of any additional or supplemental filings incorporated by reference in the prospectus,
and, if so directed by Enterprise, such Selling Holder will, or will request the Managing Underwriter, if any, to deliver to Enterprise (at Enterprise’s expense) all copies in their possession or control, other than permanent file copies then
in such Selling Holder’s possession, of the prospectus covering such Registrable Securities current at the time of receipt of such notice. 

Section 2.03 Cooperation by Holders. Enterprise shall have no obligation to include in any Registration Statement or Underwritten
Offering units of a Selling Holder who has failed to timely furnish all such information that, in the opinion of counsel to Enterprise, is reasonably required in order for the Registration Statement or any prospectus or prospectus supplement
thereto, as applicable, to comply with the Securities Act. 

  
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 Section 2.04 Expenses. 

(a) Certain Definitions. “Registration Expenses” means all expenses incident to Enterprise’s
performance under or compliance with this Agreement to effect the registration of Registrable Securities in an Underwritten Offering, and the disposition of such securities, including, without limitation, all registration, filing, securities
exchange listing and New York Stock Exchange fees, all registration, filing, qualification and other fees and expenses of complying with securities or blue sky laws, fees of the Financial Industry Regulatory Authority, Inc., transfer taxes and fees
of transfer agents and registrars, all word processing, duplicating and printing expenses, the fees and disbursements of counsel and independent public accountants for Enterprise, including the expenses of any special audits or “comfort
letters” required by or incident to such performance and compliance. 
 (b) Expenses. Enterprise will pay all
Registration Expenses in connection with any Registration Statement filed pursuant to Section 2.01(a), whether or not the Registration Statement becomes effective or any sale is made pursuant to an Underwritten Offering.
Notwithstanding the foregoing, except as otherwise provided in Section 2.05, Enterprise shall not be responsible for (i) legal fees and expenses incurred by Holders in connection with the exercise of such Holders’
rights hereunder or (ii) any “Selling Expenses,” which means all underwriting fees, discounts and selling commissions, and taxes, if applicable, allocable to the sale of the Registrable Securities. Each Selling Holder shall pay
all Selling Expenses in connection with any sale of its Registrable Securities hereunder. 
 Section 2.05 Indemnification. 

(a) By Enterprise. In the event of a registration of any Registrable Securities under the Securities Act pursuant to
this Agreement, Enterprise will indemnify and hold harmless each Selling Holder thereunder, its directors, officers, employees, agents and managers, and each underwriter, pursuant to the applicable underwriting agreement with such underwriter of
Registrable Securities thereunder and each Person, if any, who controls such Selling Holder, and its directors, officers, employees, agents and managers, or underwriter within the meaning of the Securities Act and the Exchange Act, against any
losses, claims, damages, expenses or liabilities (including reasonable attorneys’ fees and expenses) (collectively, “Losses”), joint or several, to which such Selling Holder, director, officer, underwriter or controlling Person
may become subject under the Securities Act, the Exchange Act or otherwise, insofar as such Losses (or actions or proceedings, whether commenced or threatened, in respect thereof) arise out of or are based upon any untrue statement or alleged untrue
statement of any material fact contained in any registration statement contemplated by this Agreement, any preliminary prospectus or final prospectus contained therein, any free writing prospectus related thereto or any amendment or supplement
thereof, or arise out of or are based upon the omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein (in the case of a prospectus, in light of the circumstances under
which they were made) not misleading, and will reimburse each such Selling Holder, its directors and officers, each such underwriter and each such controlling Person for any legal or other 

  
 12 

 
expenses reasonably incurred by them in connection with investigating or defending any such Loss or actions or proceedings; provided, however, that Enterprise will not be liable in
any such case if and to the extent that any such Loss arises out of or is based upon an untrue statement or alleged untrue statement or omission or alleged omission so made in conformity with information furnished by any Selling Holder, any
underwriter or any controlling Person in writing specifically for use in any registration statement contemplated by this Agreement, any prospectus contained therein, any free writing prospectus related thereto or any amendment or supplement thereof,
as applicable. Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of such Selling Holder or any such director, officer, employee, agent, manager, underwriter or controlling Person, and shall
survive the transfer of such securities by such Selling Holder. 
 (b) By Each Selling Holder. Each Selling Holder
agrees severally and not jointly to indemnify and hold harmless Enterprise, its directors, officers, employees and agents and each Person, if any, who controls Enterprise within the meaning of the Securities Act or of the Exchange Act to the same
extent as the foregoing indemnity from Enterprise to the Selling Holders, but only with respect to information regarding such Selling Holder furnished in writing by or on behalf of such Selling Holder expressly for inclusion in any registration
statement contemplated by this Agreement or any prospectus contained therein or any amendment or supplement thereof or any free writing prospectus relating to the Registrable Securities; provided, however, that the liability of each
Selling Holder shall not be greater in amount than the dollar amount of the proceeds received by such Selling Holder from the sale of the Registrable Securities giving rise to such indemnification. 

(c) Notice. Promptly after receipt by an indemnified party hereunder of notice of the commencement of any action, such
indemnified party shall, if a claim in respect thereof is to be made against the indemnifying party hereunder, notify the indemnifying party in writing thereof, but the omission so to notify the indemnifying party shall not relieve it from any
liability which it may have to any indemnified party other than under this Section 2.05. In any action brought against any indemnified party, it shall notify the indemnifying party of the commencement thereof. The
indemnifying party shall be entitled to participate in and, to the extent it shall wish, to assume and undertake the defense thereof with counsel reasonably satisfactory to such indemnified party and, after notice from the indemnifying party to such
indemnified party of its election so to assume and undertake the defense thereof, the indemnifying party shall not be liable to such indemnified party under this Section 2.05 for any legal expenses subsequently incurred by
such indemnified party in connection with the defense thereof other than reasonable costs of investigation and of liaison with counsel so selected; provided, however, that, (i) if the indemnifying party has failed to assume the
defense and employ counsel or (ii) if the defendants in any such action include both the indemnified party and the indemnifying party and counsel to the indemnified party shall have concluded that there may be reasonable defenses available to
the indemnified party that are different from or additional to those available to the indemnifying party, or if the interests of the indemnified party reasonably may be deemed to conflict with the interests of the indemnifying party, then the
indemnified party shall have the right to select a separate counsel and to assume such legal defense and otherwise to participate in the defense of such action, with the reasonable expenses and fees of such

  
 13 

 
separate counsel and other reasonable expenses related to such participation to be reimbursed by the indemnifying party as incurred. Notwithstanding any other provision of this Agreement, no
indemnifying party shall settle any action brought against an indemnified party with respect to which such indemnified party is entitled to indemnification hereunder without the consent of the indemnified party, unless the settlement thereof imposes
no liability or obligation on, and includes a complete and unconditional release from all liability of, the indemnified party. 

(d) Contribution. If the indemnification provided for in this Section 2.05 is held by a court
or government agency of competent jurisdiction to be unavailable to Enterprise or any Selling Holder in respect of any Losses, then each such indemnifying party, in lieu of indemnifying such indemnified party, shall contribute to the amount paid or
payable by such indemnified party as a result of such Losses as between Enterprise on the one hand and such Selling Holder on the other, in such proportion as is appropriate to reflect the relative fault of Enterprise on the one hand and of such
Selling Holder on the other in connection with the statements or omissions which resulted in such Losses, as well as any other relevant equitable considerations; provided, however, that in no event shall such Selling Holder be required
to contribute an aggregate amount in excess of the dollar amount of proceeds received by such Selling Holder from the sale of Registrable Securities giving rise to such indemnification. The relative fault of Enterprise on the one hand and each
Selling Holder on the other shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the omission or alleged omission to state a material fact has been made by, or relates to,
information supplied by such party, and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent such statement or omission. The parties hereto agree that it would not be just and equitable if
contributions pursuant to this paragraph were to be determined by pro rata allocation or by any other method of allocation which does not take account of the equitable considerations referred to in the first sentence of this paragraph. The amount
paid by an indemnified party as a result of the Losses referred to in the first sentence of this paragraph shall be deemed to include any legal and other expenses reasonably incurred by such indemnified party in connection with investigating or
defending any Loss which is the subject of this paragraph. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who is not guilty of such
fraudulent misrepresentation. 
 (e) Other Indemnification. The provisions of this
Section 2.05 shall be in addition to any other rights to indemnification or contribution which an indemnified party may have pursuant to law, equity, contract or otherwise. 

Section 2.06 Rule 144 Reporting. With a view to making available the benefits of certain rules and regulations of the Commission
that may permit the sale of the Registrable Securities to the public without registration, Enterprise agrees to use its commercially reasonable efforts to: 

(a) make and keep public information regarding Enterprise available, as those terms are understood and defined in Rule 144
under the Securities Act, at all times from and after the date hereof; 

  
 14 

 (b) file with the Commission in a timely manner all reports and other
documents required of Enterprise under the Securities Act and the Exchange Act at all times from and after the date hereof; and 

(c) so long as a Holder owns any Registrable Securities, furnish to such Holder forthwith upon request a copy of the most
recent annual or quarterly report of Enterprise, and such other reports and documents so filed as such Holder may reasonably request in availing itself of any rule or regulation of the Commission allowing such Holder to sell any such securities
without registration. 
 Section 2.07 Transfer or Assignment of Registration Rights. The rights to cause Enterprise to register
Registrable Securities and the other rights granted to Purchaser by Enterprise under this Article II may not be transferred or assigned, in whole or in part, by Purchaser other than (a) with the prior written consent of Enterprise (which
consent shall not be unreasonably withheld, conditioned or delayed) or (b) to one or more transferee(s) or assignee(s) of such Registrable Securities that is either (1) an Affiliate of Purchaser and in connection with the transfer of
Registrable Securities that, at the time of such transfer, have a market value of not less than $10 million or (2) an Affiliate of the General Partner and/or EPCO as a permitted transferee under Section 5.12(o) of the Partnership
Agreement; provided that (i) Enterprise is given written notice prior to any said transfer or assignment, stating the name and address of each such transferee and identifying the securities with respect to which such registration rights
are being transferred or assigned and (ii) each such transferee agrees to be bound by the terms of this Agreement. 

Section 2.08 Information by Holder. Any Holder or Holders of Registrable Securities included in any registration shall promptly
furnish to Enterprise all such information regarding such Holder or Holders and the distribution proposed by such Holder or Holders as Enterprise may reasonably request and as shall be required in connection with any registration, qualification or
compliance referred to herein. 
 Section 2.09 Limitations on Subsequent Registration Rights. From and after the date of this
Agreement, Enterprise shall not, without the prior written consent of the Holders of a majority of the Registrable Securities then outstanding, enter into any agreement with any holder or prospective holder of any securities of Enterprise that
contains priority rights with respect to the registration or resale of such securities that contravene the rights of the Holders under this Article II; provided that this limitation shall not apply to any additional Person who becomes
a party to this Agreement in accordance with Section 2.07. 
 ARTICLE III. 

MISCELLANEOUS 

Section 3.01 Communications. All notices and other communications provided for or permitted hereunder shall be made in writing by
facsimile, courier service or personal delivery: 
 (a) if to Enterprise: 

Enterprise Products Partners L.P. 

1100 Louisiana Street, 10th Floor 

Houston, Texas 77002 

  
 15 

 
Attention: W. Randall Fowler 
 E-mail:
rfowler@eprod.com 
 GeneralCounsel@eprod.com 

with a copy to (which shall not constitute notice): 

Sidley Austin LLP 
 1000
Louisiana St., Ste. 5900 
 Houston, Texas 77002 

Attention: David C. Buck 
 E-mail: dbuck@sidley.com 
 (b) if to Purchasers: 

KA Fund Advisors, LLC 
 811 Main
Street, 14th Floor 
 Houston, TX 77002 

Attention: James Baker 

Terry Hart 
 E-mail: jbaker@kaynecapital.com 
 thart@kaynecapital.com 

Tortoise Capital Advisors 
 452
Fifth Avenue, 14th Floor 
 New York, NY 10018 

Attention: Stephen Pang 

Email: spang@tortoiseadvisors.com 

with a copy to (which shall not constitute notice): 

Vinson & Elkins L.L.P. 

1001 Fannin St., Suite 2500 

Houston, TX 77002 
 Attention:
Doug McWilliams 
 E. Ramey Layne 

E-mail: dmcwilliams@velaw.com 

rlayne@velaw.com 

Manxome Investors L.P. 
 c/o
Inverwood Investors GP LLC 
 1100 Louisiana, Suite 5900 

Houston, TX 77002 
 Attention:
Laura Liang 
 or such other address as a party hereto may specify in writing, notice of which is given in accordance with the provisions of this
Section 3.01. All such notices and communications shall be deemed to have been received at the time delivered by hand, if personally delivered; when receipt acknowledged, if sent via facsimile or sent via Internet
electronic mail; and when actually received, if sent by any other means. 

  
 16 

 Section 3.02 Successor and Assignees. This Agreement shall inure to the benefit
of and be binding upon the successors and permitted assignees of each of the parties, including subsequent Holders of Registrable Securities to the extent permitted herein. Except as expressly permitted herein, no party shall be entitled to assign
its rights or benefits hereunder to any other Person without the consent of each of the other parties hereto. 
 Section 3.03
Recapitalization, Exchanges, etc. Affecting the Common Units. The provisions of this Agreement shall apply to the full extent set forth herein with respect to any and all units of Enterprise or any successor or
assignee of Enterprise (whether by merger, consolidation, sale of assets or otherwise) which may be issued in respect of, in exchange for or in substitution of, the Registrable Securities, and shall be appropriately adjusted for combinations, unit
splits, recapitalizations and the like occurring after the date of this Agreement. 
 Section 3.04 Specific Performance. Damages
in the event of breach of this Agreement by a party hereto may be difficult, if not impossible, to ascertain, and it is therefore agreed that each such party, in addition to and without limiting any other remedy or right it may have, will have the
right to an injunction or other equitable relief in any court of competent jurisdiction, enjoining any such breach, and enforcing specifically the terms and provisions hereof, and each of the parties hereto hereby waives any and all defenses it may
have on the ground of lack of jurisdiction or competence of the court to grant such an injunction or other equitable relief. The existence of this right will not preclude any such party from pursuing any other rights and remedies at law or in equity
which such party may have. 
 Section 3.05 Counterparts. This Agreement may be executed in any number of counterparts and by
different parties hereto in separate counterparts, each of which counterparts, when so executed and delivered, shall be deemed to be an original and all of which counterparts, taken together, shall constitute but one and the same Agreement. 

Section 3.06 Headings. The headings in this Agreement are for convenience of reference only and shall not limit or otherwise
affect the meaning hereof. 
 Section 3.07 Governing Law. The laws of the State of Delaware shall govern this Agreement without
regard to principles of conflict of laws. 
 Section 3.08 Severability of Provisions. Any provision of this Agreement which is
prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof or affecting or impairing the validity or
enforceability of such provision in any other jurisdiction. 
 Section 3.09 Entire Agreement. This Agreement is intended by the
parties as a final expression of their agreement and intended to be a complete and exclusive statement of the agreement and understanding of the parties hereto in respect of the subject matter contained herein. There are no restrictions, promises,
warranties or undertakings, other than those set forth or referred to herein with respect to the rights granted by Enterprise set forth herein. This Agreement supersedes all prior agreements and understandings between the parties with respect to
such subject matter. 

  
 17 

 Section 3.10 Amendment. This Agreement may be amended only by means of a written
amendment signed by Enterprise and the Holders of a majority of the then outstanding Registrable Securities. 
 Section 3.11 No
Presumption. In the event any claim is made by a party relating to any conflict, omission, or ambiguity in this Agreement, no presumption or burden of proof or persuasion shall be implied by virtue of the fact that this Agreement was
prepared by or at the request of a particular party or its counsel. 
 Section 3.12 Third-Party Beneficiaries. Nothing in this
Agreement shall confer upon any Person not a party to this Agreement, or its legal representatives, any rights or remedies of any nature or kind whatsoever under or by reason of this Agreement. 

[The remainder of this page is intentionally left blank.] 

  
 18 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first
written above. 
  

			
	 Enterprise:
	 	
	
	 ENTERPRISE PRODUCTS PARTNERS L.P.

		
	By:	 	Enterprise Products Holdings LLC,
		 	 its general partner

		
	By:	 	 /s/ W. Randall Fowler

	 Name:
	 	 W. Randall Fowler

	 Title:
	 	 Co-Chief Executive Officer

		 	 and Chief Financial Officer

 
			
	 Purchasers:

	
	 KAYNE ANDERSON ENERGY

INFRASTRUCTURE FUND, INC.

		
	By:	 	 /s/ James C. Baker

	 Name:
	 	 James C. Baker

	 Title:
	 	 President and Chief Executive Officer

  

			
	KAYNE ANDERSON NEXTGEN ENERGY & INFRASTRUCTURE, INC.
		
	By:	 	 /s/ James C. Baker

	 Name:
	 	 James C. Baker

	 Title:
	 	 President and Chief Executive Officer

  

			
	 TORTOISE DIRECT OPPORTUNITIES FUND II,

LP

		
	 By:
	 	 Tortoise Direct Opportunities GP II LLC

	 Its:
	 	 General Partner

		
	By:	 	 /s/ Michelle Johnston

	 Name:
	 	 Michelle Johnston

	 Title:
	 	 Officer

  

			
	TORTOISE ESSENTIAL ASSETS INCOME TERM FUND
		
	 By:
	 	 Tortoise Capital Advisors, L.L.C

	 Its:
	 	 Investment Advisor

		
	By:	 	 /s/ Stephen Pang

	 Name:
	 	 Stephen Pang

	 Title:
	 	 Managing Director

  

			
	 MANXOME INVESTORS L.P.

		
	 By:
	 	 Inverwood Investors GP LLC

	 Its:
	 	 General Partner

		
	By:	 	 /s/ Laura L. Laing

	 Name:
	 	 Laura L. Liang

	 Title:
	 	 Vice PresidentEX-10.1

 Exhibit 10.1 

Execution Version 

SERIES A CUMULATIVE CONVERTIBLE PREFERRED UNIT 

PURCHASE AGREEMENT 
 among

 ENTERPRISE PRODUCTS PARTNERS L.P. 

and 
 THE PURCHASERS PARTY
HERETO 
 September 30, 2020 

 TABLE OF CONTENTS 

 

									
	 	 	 	  	 	  	Page	 
		
	ARTICLE I DEFINITIONS	  	 	1	 
				
		 	 Section 1.01
	  	Definitions	  	 	1	 
		 	 Section 1.02
	  	Accounting Procedures and Interpretation	  	 	6	 
		
	ARTICLE II AGREEMENT TO SELL AND PURCHASE	  	 	6	 
				
		 	 Section 2.01
	  	Sale and Purchase	  	 	6	 
		 	 Section 2.02
	  	Closing	  	 	6	 
		 	 Section 2.03
	  	Mutual Conditions at the Closing	  	 	7	 
		 	 Section 2.04
	  	Conditions to Each Purchaser’s Obligations at the Closing	  	 	7	 
		 	 Section 2.05
	  	Conditions to the Partnership’s Obligations at the Closing	  	 	8	 
		 	 Section 2.06
	  	Deliveries at the Closing	  	 	8	 
		 	 Section 2.07
	  	Independent Nature of Purchasers’ Obligations and Rights	  	 	9	 
		 	 Section 2.08
	  	Further Assurances	  	 	10	 
		 	 Section 2.09
	  	Tax Reporting	  	 	10	 
		
	ARTICLE III REPRESENTATIONS AND WARRANTIES AND COVENANTS RELATED TO THE PARTNERSHIP	  	 	10	 
				
		 	 Section 3.01
	  	Existence	  	 	10	 
		 	 Section 3.02
	  	Capitalization and Valid Issuance of Units	  	 	11	 
		 	 Section 3.03
	  	Ownership of Subsidiaries	  	 	12	 
		 	 Section 3.04
	  	EPD SEC Documents	  	 	12	 
		 	 Section 3.05
	  	Financial Statements	  	 	13	 
		 	 Section 3.06
	  	Independent Registered Public Accounting Firm	  	 	13	 
		 	 Section 3.07
	  	No Material Adverse Change	  	 	13	 
		 	 Section 3.08
	  	No Registration Required	  	 	14	 
		 	 Section 3.09
	  	No Restrictions or Registration Rights	  	 	14	 
		 	 Section 3.10
	  	Litigation	  	 	14	 
		 	 Section 3.11
	  	No Default	  	 	14	 
		 	 Section 3.12
	  	No Conflicts	  	 	14	 
		 	 Section 3.13
	  	Authority; Enforceability	  	 	15	 
		 	 Section 3.14
	  	Approvals	  	 	15	 
		 	 Section 3.15
	  	Distribution Restrictions	  	 	16	 
		 	 Section 3.16
	  	MLP Status	  	 	16	 
		 	 Section 3.17
	  	Investment Company Status	  	 	16	 
		 	 Section 3.18
	  	Certain Fees	  	 	16	 
		 	 Section 3.19
	  	Labor and Employment Matters	  	 	16	 
		 	 Section 3.20
	  	Insurance	  	 	16	 
		 	 Section 3.21
	  	Accounting Controls	  	 	17	 
		 	 Section 3.22
	  	Disclosure Controls and Procedures	  	 	17	 
		 	 Section 3.23
	  	Sarbanes-Oxley	  	 	17	 
		 	 Section 3.24
	  	Listing and Maintenance Requirements	  	 	17	 
		 	 Section 3.25
	  	Environmental Compliance	  	 	17	 

  
 i 

									
		 	 Section 3.26
	  	ERISA Compliance	  	 	18	 

									
		 	 Section 3.27
	  	Tax Returns; Taxes	  	 	18	 
		 	 Section 3.28
	  	Permits	  	 	19	 
		 	 Section 3.29
	  	Required Disclosures and Descriptions	  	 	19	 
		 	 Section 3.30
	  	Title to Property	  	 	19	 
		 	 Section 3.31
	  	Rights-of-Way	  	 	19	 
		 	 Section 3.32
	  	Form S-3 Eligibility	  	 	20	 
		 	 Section 3.33
	  	Compliance with Laws	  	 	20	 
		 	 Section 3.34
	  	Intellectual Property	  	 	20	 
		 	 Section 3.35
	  	Related Party Transactions	  	 	20	 
		
	ARTICLE IV REPRESENTATIONS AND WARRANTIES AND COVENANTS OF THE PURCHASERS	  	 	20	 
				
		 	 Section 4.01
	  	Existence	  	 	20	 
		 	 Section 4.02
	  	Authorization; Enforceability	  	 	21	 
		 	 Section 4.03
	  	No Breach	  	 	21	 
		 	 Section 4.04
	  	Certain Fees	  	 	21	 
		 	 Section 4.05
	  	Unregistered Securities	  	 	21	 
		 	 Section 4.06
	  	No Prohibited Trading	  	 	23	 
		 	 Section 4.07
	  	Title to the Exchanged Securities	  	 	23	 
		
	ARTICLE V COVENANTS	  	 	23	 
				
		 	 Section 5.01
	  	Use of Proceeds	  	 	23	 
		 	 Section 5.02
	  	Tax Matters	  	 	23	 
		
	ARTICLE VI INDEMNIFICATION, COSTS AND EXPENSES	  	 	24	 
				
		 	 Section 6.01
	  	Indemnification by the Partnership	  	 	24	 
		 	 Section 6.02
	  	Indemnification by the Purchasers	  	 	25	 
		 	 Section 6.03
	  	Indemnification Procedure	  	 	25	 
		 	 Section 6.04
	  	Tax Treatment of Indemnification Payments	  	 	26	 
		
	ARTICLE VII MISCELLANEOUS	  	 	26	 
				
		 	 Section 7.01
	  	Expenses	  	 	26	 
		 	 Section 7.02
	  	Interpretation	  	 	27	 
		 	 Section 7.03
	  	Survival of Provisions	  	 	27	 
		 	 Section 7.04
	  	No Waiver: Modifications in Writing	  	 	28	 
		 	 Section 7.05
	  	Binding Effect; Assignment	  	 	28	 
		 	 Section 7.06
	  	Non-Disclosure	  	 	28	 
		 	 Section 7.07
	  	Communications	  	 	29	 
		 	 Section 7.08
	  	Removal of Securities Act Restrictive Legend	  	 	29	 
		 	 Section 7.09
	  	Entire Agreement	  	 	30	 
		 	 Section 7.10
	  	Governing Law; Submission to Jurisdiction	  	 	30	 
		 	 Section 7.11
	  	Waiver of Jury Trial	  	 	31	 
		 	 Section 7.12
	  	Exclusive Remedy	  	 	31	 
		 	 Section 7.13
	  	No Recourse Against Others	  	 	31	 
		 	 Section 7.14
	  	No Third-Party Beneficiaries	  	 	32	 
		 	 Section 7.15
	  	Execution in Counterparts	  	 	32	 

  
 ii 

 SERIES A CUMULATIVE CONVERTIBLE PREFERRED UNIT PURCHASE AGREEMENT 

This SERIES A CUMULATIVE CONVERTIBLE PREFERRED UNIT PURCHASE AGREEMENT, dated as of September 30, 2020 (this
“Agreement”), is entered into by and among ENTERPRISE PRODUCTS PARTNERS L.P., a Delaware limited partnership (the “Partnership”), and the purchasers set forth on
Schedule A hereto (the “Purchasers”). 
 WHEREAS, the Partnership desires to issue
and sell to the Purchasers, and the Purchasers desire to purchase from the Partnership, the Series A Preferred Units (as defined below), in accordance with the provisions of this Agreement; and 

WHEREAS, the Partnership has agreed to provide the Purchasers with certain registration rights with respect to the Conversion Units (as
defined below). 
 NOW THEREFORE, in consideration of the mutual covenants and agreements set forth herein and for good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereby agree as follows: 
 ARTICLE I 

DEFINITIONS 

Section 1.01 Definitions. Unless otherwise defined in this Agreement, terms shall have the same
meaning as in the Partnership Agreement (as defined below). As used in this Agreement, the following terms have the meanings indicated: 

“Affiliate” means, with respect to any Person, any other Person that directly or indirectly through one or more
intermediaries controls, is controlled by or is under common control with, the Person in question. As used herein, the term “control” means the possession, direct or indirect, of the power to direct or cause the direction of the management
and policies of a Person, whether through ownership of voting securities, by Contract or otherwise. For the avoidance of doubt, for purposes of this Agreement, (a) the Partnership Entities, on the one hand, and any Purchaser, on the other,
shall not be considered Affiliates and (b) with respect to any Purchaser that is an investment fund, investment account or investment company, any other investment fund, investment account or investment company that is managed, advised or sub-advised by the same investment advisor as such Purchaser or by an Affiliate of such investment advisor, shall be considered controlled by, and an Affiliate of, such Purchaser. 

“Agreement” has the meaning set forth in the introductory paragraph of this Agreement. 

“Business Day” shall have the meaning ascribed to such term in the Partnership Agreement. 

“Closing” has the meaning specified in Section 2.02. 

“Closing Date” means September 30, 2020, or such other later date as the Partnership and the Purchasers shall
agree to in writing. 

  
 1 

 “Code” has the meaning specified in
Section 3.16. 
 “Common Units” means common units representing limited partner interests
in the Partnership. 
 “Consent” has the meaning specified in Section 3.14. 

“Contract” means any contract, agreement, indenture, note, bond, mortgage, deed of trust, loan, instrument, lease,
license, commitment or other arrangement, understanding, undertaking, commitment or obligation, whether written or oral. 

“Conversion Units” means the Common Units issuable upon conversion of the Series A Preferred Units or PIK Units.

 “Delaware LLC Act” means the Delaware Limited Liability Company Act, as amended from time to time. 

“Delaware LP Act” means the Delaware Revised Uniform Limited Partnership Act, as amended from time to time. 

“Enterprise Parties” means, collectively, the General Partner and the Partnership. 

“EPD SEC Documents” means the Partnership’s forms, registration statements, reports, schedules and statements
filed (but not furnished) by it under the Exchange Act or the Securities Act, as applicable. 
 “ERISA” has the
meaning specified in Section 3.26. 
 “Exchange Act” means the Securities Exchange Act of
1934, as amended from time to time, and the rules and regulations of the SEC promulgated thereunder. 
 “Exchanged
Securities” means the issued and outstanding Common Units delivered by any Purchaser to the Partnership pursuant to the terms of this Agreement in partial or full satisfaction of one or more Purchaser’s respective Funding Amounts
at a deemed price equal to the Fair Market Value, which number of Common Units shall have been designated in a written notice by a Purchaser to the Partnership prior to the Closing Date. 

“Fair Market Value” means the volume weighted average price of the Common Units for the five (5) consecutive full
trading days ending on the last full trading day immediately prior to the Closing Date. 
 “Funding Amount” means,
with respect to a particular Purchaser, an amount equal to the Series A Preferred Unit Purchase Price multiplied by the number of Series A Preferred Units to be purchased by such Purchaser on the Closing Date pursuant to
Section 2.01, which amount shall be payable (i) in cash, (ii) in Exchanged Securities or (iii) any combination of (i) and (ii) above. 

“GAAP” means generally accepted accounting principles in the United States of America. 

  
 2 

 “General Partner” means Enterprise Products Holdings LLC, the
general partner of the Partnership. 
 “Governmental Authority” means, with respect to a particular Person, any
country, state, county, city and political subdivision in which such Person or such Person’s Property is located or that exercises valid jurisdiction over any such Person or such Person’s Property, and any court, agency, department,
commission, board, bureau, official or other regulatory authority (including self-regulated organizations or other non-governmental regulatory authorities) or instrumentality of any of them and any monetary
authority that exercises valid jurisdiction over any such Person or such Person’s Property. Unless otherwise specified, all references to Governmental Authority herein with respect to the Partnership mean a Governmental Authority having
jurisdiction over the Partnership Entities or any of their respective Properties. 
 “Indemnified Party” has the
meaning specified in Section 6.03(b). 
 “Indemnifying Party” has the meaning specified in
Section 6.03(b). 
 “Knowledge” means, with respect to the Partnership Entities, the
actual knowledge of A. James Teague, W. Randall Fowler and Harry P. Weitzel. 
 “Law” means any statute, law
ordinance, regulation, rule, order, code, governmental restriction, decree, injunction or other requirement of law, or any judicial or administrative interpretation thereof, of any Governmental Authority. 

“Lien” means any mortgage, pledge, lien (statutory or otherwise), encumbrance, security interest, security agreement,
conditional sale, trust receipt, charge or claim or a lease, consignment or bailment, preference or priority, assessment, deed of trust, easement, servitude or other encumbrance upon or with respect to any property of any kind. 

“Material Adverse Effect” means any change, effect, event or occurrence that, individually or in the aggregate, has
had or would reasonably be expected to have a material adverse effect on (a) the business, condition (financial or otherwise) or results of operations of the Partnership Entities, taken as a whole or (b) the ability of any of the
Partnership Entities, as applicable, to perform their obligations under the Transaction Documents; provided, however, that any adverse changes, effects, events or occurrences resulting from or due to any of the following shall be disregarded
in determining whether there has been a Material Adverse Effect: (i) changes, effects, events or occurrences generally affecting the United States or global economy, the financial, credit, debt, securities or other capital markets or political,
legislative or regulatory conditions or changes in the industries in which the Partnership Entities operate (including changes, effects, events or occurrences generally affecting the prices of commodities); (ii) changes in any Laws or
regulations applicable to the Partnership Entities or applicable accounting regulations or principles or the interpretation thereof, to the extent not directly and exclusively impacting the Partnership Entities; (iii) acts of war or terrorism
(or the escalation of the foregoing) or natural disasters or other acts of God; (iv) any change in the market price or trading volume of the securities of the Partnership Entities (it being understood and agreed that the foregoing shall not
preclude any other Party to this Agreement from asserting that any facts or occurrences giving rise to or contributing to such change that are not otherwise excluded from the definition of 

  
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Material Adverse Effect should be deemed to constitute, or be taken into account in determining whether there has been, or would reasonably be expected to be, a Material Adverse Effect);
(v) any failure of any of the Partnership Entities to meet any internal or external projections, forecasts or estimates of revenues, earnings or other financial or operating metrics for any period (it being understood and agreed that the
foregoing shall not preclude any other Party to this Agreement from asserting that any facts or occurrences giving rise to or contributing to such change that are not otherwise excluded from the definition of Material Adverse Effect should be deemed
to constitute, or be taken into account in determining whether there has been, or would reasonably be expected to be, a Material Adverse Effect); (vi) any legal proceedings commenced by or involving any current or former holder of equity
interests in the Partnership (on their own or on behalf of the Partnership) arising out of or relating to this Agreement or the transactions contemplated hereby; and (vii) the execution, announcement or pendency of this Agreement or the
consummation of the transactions contemplated hereby or of a reduction in the quarterly distribution of the Partnership Entities (it being understood and agreed that the foregoing shall not preclude any other Party to this Agreement from asserting
that any facts or occurrences giving rise to or contributing to such change that are not otherwise excluded from the definition of Material Adverse Effect should be deemed to constitute, or be taken into account in determining whether there has
been, or would reasonably be expected to be, a Material Adverse Effect). 
 “NYSE” means the New York Stock
Exchange. 
 “Organizational Documents” means, as applicable, an entity’s agreement or certificate of limited
partnership, limited liability company agreement, certificate of formation, certificate or articles of incorporation, bylaws or other similar organizational documents. 

“Partnership” has the meaning set forth in the introductory paragraph of this Agreement. 

“Partnership Agreement” means the Sixth Amended and Restated Agreement of Limited Partnership of the Partnership,
dated as of November 22, 2010, as amended from time to time in accordance with the terms thereof (including, as the context requires, by the Seventh A&R LPA, as it may be further amended and restated from time to time in accordance with its
terms). 
 “Partnership Entities” means, collectively, the Enterprise Parties and the Partnership’s
Subsidiaries set forth on Schedule B. 
 “Partnership Related Parties” has the meaning specified in
Section 6.02. 
 “PCAOB” means the Public Company Accounting Oversight Board of the United
States. 
 “Permits” has the meaning specified in Section 3.28. 

“Person” means any individual, corporation, company, voluntary association, partnership, joint venture, trust, limited
liability company, unincorporated organization, government or any agency, instrumentality or political subdivision thereof or any other form of entity. 

“PIK Units” means any additional Series A Preferred Units issued by the Partnership to the Purchasers as in-kind distributions pursuant to the Seventh A&R LPA. 

  
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 “Plan” has the meaning specified in
Section 3.26. 
 “Property” means any interest in any kind of property or asset, whether
real, personal or mixed, or tangible or intangible (including intellectual property rights). 
 “Purchaser Related
Parties” has the meaning specified in Section 6.01. 
 “Purchasers” has the
meaning specified in the introductory paragraph of this Agreement. 
 “Registration Rights Agreement” means the
Registration Rights Agreement, to be entered into at the Closing, between the Partnership the Purchasers, substantially in the form attached hereto as Exhibit C. 

“Representatives” means, with respect to a specified Person, the investors, officers, directors, managers, employees,
agents, advisors, counsel, accountants, investment bankers and other representatives of such Person and its Affiliates. 
 “Rights-of-Way” has the meaning specified in Section 3.31. 

“Rule 144” means Rule 144 promulgated under the Securities Act. 

“Sarbanes-Oxley Act” means the Sarbanes-Oxley Act of 2002, as amended from time to time. 

“SEC” means the United States Securities and Exchange Commission. 

“Securities Act” means the Securities Act of 1933, as amended from time to time, and the rules and regulations of the
SEC promulgated thereunder. 
 “Securities Act Restrictive Legend” has the meaning set forth in
Section 4.05(d). 
 “Series A Distribution” shall have the meaning specified in the
Seventh A&R LPA. 
 “Series A Preferred Closing Units” has the meaning set
forth in Section 2.01. 
 “Series A Preferred Unit Purchase
Price” shall mean $1,000. 
 “Series A Preferred Units” means the
Series A Cumulative Convertible Preferred Units to be issued by the Partnership. 
 “Seventh A&R LPA” has
the meaning specified in Section 2.06(a)(ii). 
 “Subsidiary” has the meaning ascribed to
the term “subsidiary” under Rule 405 promulgated under the Securities Act. 
 “Tax Return” means any
return, report or similar filing (including the attached schedules) filed or required to be filed with respect to Taxes (and any amendments thereto), including any information return, claim for refund or declaration of estimated Taxes. 

  
 5 

 “Taxes” means any and all domestic or foreign, federal, state, local
or other taxes of any kind (together with any and all interest, penalties, additions to tax and additional amounts imposed with respect thereto) imposed by any Governmental Authority, including taxes on or with respect to income, franchises,
windfall or other profits, gross receipts, property, sales, use, capital stock, payroll, employment, unemployment, social security, workers’ compensation or net worth, and taxes in the nature of excise, withholding, ad valorem or value
added, and including any liability in respect of any items described above as a transferee or successor, pursuant to Section 1.1502-6 of the Treasury Regulations (or any similar provisions of state, local
or foreign Law), or as an indemnitor, guarantor, surety or in a similar capacity under any Contract. 
 “Texas Act”
means the Texas Business Organizations Code, as amended from time to time. 
 “Third-Party Claim” has the meaning
specified in Section 6.03(b). 
 “Transaction Documents” means, collectively, this
Agreement, the Registration Rights Agreement, the Seventh A&R LPA, and any and all other agreements or instruments executed and delivered in connection with the Closing. 

Section 1.02 Accounting Procedures and Interpretation. Unless otherwise specified herein, all accounting terms used
herein shall be interpreted, all determinations with respect to accounting matters hereunder shall be made, and all financial statements of the Partnership and certificates and reports as to financial matters required to be furnished to the
Purchasers hereunder shall be prepared, in accordance with GAAP applied on a consistent basis during the periods involved (except as may be indicated in the notes thereto or, in the case of unaudited statements, as permitted by Form 10-Q promulgated by the SEC) and in compliance as to form in all material respects with applicable accounting requirements and with the published rules and regulations of the SEC with respect thereto. 

ARTICLE II 
 AGREEMENT TO
SELL AND PURCHASE 
 Section 2.01 Sale and Purchase. Subject to the terms and conditions hereof,
at the Closing, each Purchaser hereby agrees, severally and not jointly, to purchase from the Partnership, and the Partnership hereby agrees to issue and sell to each Purchaser, such Purchaser’s respective Series A Preferred Units, as set
forth next to such Purchaser’s name on Schedule A hereto (the “Series A Preferred Closing Units”), upon receipt by the Partnership of the Funding Amount on the Closing Date. 

Section 2.02 Closing. The consummation of the purchase and sale of the Series A Preferred Closing
Units (the “Closing”) shall take place at the offices of Sidley Austin LLP, 1000 Louisiana St., Suite 5900, Houston, Texas 77002 (or such other location as agreed to by the Partnership and the Purchasers). At the Closing,
(a) to the extent a Purchaser desires to satisfy all or a portion of its Funding Amount in Exchanged Securities, such Purchaser shall deliver or cause to be delivered to the Partnership all right, title and interest in and to such
Purchaser’s Exchanged Securities, free and clear of any and all Liens, other than transfer restrictions under the Partnership Agreement or the Delaware LP Act and applicable federal and state securities Laws, together with any certificates duly
endorsed or accompanied by any stock powers duly endorsed in blank, or 

  
 6 

 
other documents of conveyance or transfer that the Partnership may deem necessary or desirable to transfer to and confirm in the Partnership all right, title and interest in and to such Exchanged
Securities, free and clear of any Liens, (b) each Purchaser shall deliver in cash any remaining portion of its Funding Amount after giving effect to any delivery of Exchanged Securities by such Purchaser as described in clause (a) above,
and (c) the Partnership shall deliver to each of the Purchasers the applicable number of Series A Preferred Units in book-entry form deposited to an account in the name of such Purchaser with the transfer agent named below. The transfer of the
Exchanged Securities and the issuance and delivery of the Series A Preferred Closing Units shall be effected in accordance with the instructions to be provided by the Partnership to Equiniti Trust Company (an affiliate of Equiniti Group plc), d/b/a
EQ Shareowner Services, the transfer agent for the Common Units and the Series A Preferred Units. 
 Section 2.03
Mutual Conditions at the Closing. The respective obligations of each party to consummate the purchase and sale of the Series A Preferred Closing Units at the Closing shall be subject to the satisfaction, on or prior to the Closing
Date, of each of the following conditions (any or all of which may be waived by a party on behalf of itself in writing, in whole or in part, to the extent permitted by applicable Law): 

(a) no statute, rule, order, decree or regulation shall have been enacted or promulgated, and no action shall have been taken, by any
Governmental Authority that temporarily, preliminarily or permanently restrains, precludes, enjoins or otherwise prohibits the consummation of the transactions contemplated hereby or under the other Transaction Documents or makes the transactions
contemplated hereby or under the other Transaction Documents illegal; and 
 (b) there shall not be pending any suit, action or proceeding
by any Governmental Authority seeking to restrain, preclude, enjoin or prohibit the transactions contemplated by this Agreement or the other Transaction Documents. 

Section 2.04 Conditions to Each Purchaser’s Obligations at the
Closing. The obligation of a Purchaser to consummate its purchase of Series A Preferred Closing Units shall be subject to the satisfaction on or prior to the Closing Date of each of the following conditions (any or all of which may be
waived by the applicable Purchaser with respect to itself in writing, in whole or in part, to the extent permitted by applicable Law): 

(a) the representations and warranties of the Partnership contained in this Agreement shall be true and correct; 

(b) the Partnership shall have performed and complied in all material respects with all of the covenants and agreements contained in this
Agreement that are required to be performed or complied with by it on or prior to the Closing Date; 
 (c) the NYSE shall have authorized,
upon official notice of issuance, the listing of the Conversion Units; 
 (d) no notice of delisting from the NYSE shall have been received
by the Partnership with respect to the Common Units; and 

  
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 (e) the Partnership shall have delivered, or caused to be delivered, to the Purchaser the
Partnership’s closing deliverables described in Section 2.06(a), as applicable. 
 Section 2.05
Conditions to the Partnership’s Obligations at the Closing. The obligation of the Partnership to consummate the sale and issuance of the Series A Preferred Closing Units to each Purchaser shall be
subject to the satisfaction on or prior to the Closing Date of each of the following conditions (any or all of which may be waived by the Partnership in writing, in whole or in part, to the extent permitted by applicable Law): 

(a) the representations and warranties of each Purchaser contained in this Agreement shall be true and correct; 

(b) each Purchaser shall have performed and complied in all material respects with all of the covenants and agreements contained in this
Agreement that are required to be performed or complied with by it on or prior to the Closing Date; and 
 (c) each Purchaser shall have
delivered, or caused to be delivered, to the Partnership the applicable closing deliverables described in Section 2.06(b), as applicable. 

Section 2.06 Deliveries at the Closing. 

(a) Deliveries of the Partnership at the Closing. At the Closing, the Partnership shall deliver, or cause to be delivered, to the
Purchasers: 
 (i) an opinion from Sidley Austin LLP, counsel for the Partnership, in substantially the form attached hereto
as Exhibit A-1, an opinion from Christopher S. Wade, in-house counsel for the Partnership, in substantially the form attached as Exhibit A-2, and an opinion from Morris, Nichols, Arsht & Tunnell LLP, Delaware counsel for the Partnership, in substantially the form attached as Exhibit A-3,
each of which shall be addressed to the Purchasers and dated the Closing Date; 
 (ii) a fully executed copy of the Seventh
Amended and Restated Agreement of Limited Partnership of the Partnership, substantially in the form attached hereto as Exhibit B (the “Seventh A&R LPA”); 

(iii) an executed counterpart of the Registration Rights Agreement; 

(iv) a fully executed “Supplemental Listing Application” approving the Conversion Units for listing by the NYSE, upon
official notice of issuance; 
 (v) a fully executed waiver of the General Partner with respect to its rights under
Section 5.9 of the Partnership Agreement, in substantially the form attached hereto as Exhibit D; 

(vi) evidence of issuance of the Series A Preferred Closing Units credited to book-entry accounts maintained by the
transfer agent of the Series A Preferred Units, bearing notations of the restrictive legends as provided in the Partnership Agreement, free and clear of any Liens, other than transfer restrictions under the Partnership Agreement or the Delaware LP
Act and applicable federal and state securities Laws and those created by the Purchasers; 

  
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 (vii) a certificate of the Secretary or Assistant Secretary of the General
Partner, on behalf of the Partnership, dated the Closing Date, certifying as to and attaching (A) the certificate of limited partnership of the Partnership, (B) the Partnership Agreement, (C) board resolutions, or resolutions of a
committee thereof, authorizing the execution and delivery of the Transaction Documents and the consummation of the transactions contemplated thereby, and (D) the incumbency of the officers authorized to execute the Transaction Documents on
behalf of the Partnership or the General Partner, as applicable, setting forth the name and title and bearing the signatures of such officers; 

(viii) a certificate of the Secretary of State of each applicable state, dated within five Business Days prior to the Closing
Date, to the effect that each of the General Partner and the Partnership (along with any other significant Subsidiary reasonably requested by the Purchasers) is in good standing in its jurisdiction of formation; and 

(ix) a cross-receipt executed on behalf of the Partnership and delivered to the Purchasers certifying as to the amounts that it
has received from the Purchasers. 
 (b) Deliveries of the Purchasers at the Closing. At the Closing, the Purchasers, shall deliver
or cause to be delivered to the Partnership: 
 (i) a counterpart of the Registration Rights Agreement, which shall have been
duly executed by each Purchaser; 
 (ii) a cross-receipt executed by each Purchaser and delivered to the Partnership
certifying that each Purchaser has received from the Partnership the number of Series A Preferred Closing Units to be received by such Purchaser in connection with the Closing; 

(iii) payment of each Purchaser’s Funding Amount either (A) in cash payable by wire transfer of immediately available
funds to an account designated in advance of the Closing Date by the Partnership, (B) by delivery of Exchanged Securities as set forth in Section 2.02 or (C) any combination of clauses (A) and (B) above; and 

(iv) a properly executed Internal Revenue Service Form W-9 from each Purchaser.

 Section 2.07 Independent Nature of Purchasers’ Obligations and Rights. The obligations of each Purchaser under any
Transaction Document are several and not joint with the obligations of any other Purchaser, and no Purchaser shall be responsible in any way for the performance of the obligations of any other Purchaser under any Transaction Document. The failure of
any Purchaser to perform, or waiver by the Partnership of such performance, under any Transaction Document shall not excuse performance by any other Purchaser and such waiver shall not excuse performance by the Partnership with respect to any other
Purchaser. Similarly, the waiver by any Purchaser of performance of the Partnership under any Transaction Document shall not excuse performance by the Partnership with respect to any other Purchaser and such waiver

  
 9 

 
shall not excuse performance by the Purchaser so waiving. Nothing contained herein or in any other Transaction Document, and no action taken by any Purchaser pursuant hereto or thereto, shall be
deemed to constitute the Purchasers as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Purchasers are in any way acting in concert or as a group with respect to such obligations or the
transactions contemplated by the Transaction Documents. Each Purchaser shall be entitled to independently protect and enforce its rights, including the rights arising out of this Agreement or out of the other Transaction Documents, and it shall not
be necessary for any other Purchaser to be joined as an additional party in any proceeding for such purpose. 

Section 2.08 Further Assurances. From time to time after the date hereof, without further
consideration, the Partnership and each Purchaser shall use their commercially reasonable efforts to take, or cause to be taken, all actions necessary or appropriate to consummate the transactions contemplated by this Agreement. 

Section 2.09 Tax Reporting. The Partnership and the Purchasers intend that, for U.S.
federal and applicable state and local income Tax purposes, (i) with respect the portion of any Funding Amount that is satisfied through the payment of cash to the Partnership, Purchaser’s purchase of the Series A Preferred Units be
treated as a contribution by each Purchaser of cash to the Partnership in exchange for the Series A Preferred Units in a non-taxable transaction described in Section 721(a) of the Code, and (ii) with respect the portion of
any Funding Amount that is satisfied through the delivery of Exchanged Securities to the Partnership, Purchaser’s receipt of the Series A Preferred Units be treated as a non-taxable recapitalization of Purchaser’s Common Units into Series
A Preferred Units. Neither the Partnership nor the Purchasers shall take any position inconsistent with such Tax treatment for any Tax purpose, unless otherwise required by applicable Law. 

ARTICLE III 

REPRESENTATIONS AND WARRANTIES AND COVENANTS RELATED TO THE PARTNERSHIP 

The Partnership represents and warrants to and covenants with the Purchasers as follows: 

Section 3.01 Existence. 

(a) Each of the Partnership Entities has been duly formed or incorporated, as the case may be, and is validly existing in good standing under
the Laws of its jurisdiction of formation or incorporation, as the case may be, with all corporate, limited liability company or partnership, as the case may be, power and authority necessary to own or hold its properties and conduct the businesses
in which it is engaged and, in the case of the General Partner, to act as general partner of the Partnership, in each case in all material respects as described in the EPD SEC Documents. Each of the Partnership Entities is duly registered or
qualified to do business and is in good standing as a foreign corporation, limited liability company or limited partnership, as the case may be, in each jurisdiction in which its ownership or lease of property or the conduct of its businesses
requires such qualification or registration, except where the failure to so qualify or register would not, individually or in the aggregate, have a Material Adverse Effect or subject the limited partners of the Partnership to any material liability
or disability. 

  
 10 

 (b) Each of the Enterprise Parties has all requisite power and authority to execute and
deliver this Agreement and to perform its obligations hereunder, and the Partnership has all requisite power and authority to execute and deliver the Transaction Documents and to perform its obligations under the Transaction Documents. The
Partnership has all requisite power and authority to issue, sell and deliver the Series A Preferred Units in accordance with and upon the terms and conditions set forth in the Transaction Documents. 

(c) The Organizational Documents of each of the Enterprise Parties have been, and, on the Closing Date, the Seventh A&R LPA will be, duly
authorized, executed and delivered by the Enterprise Parties, as applicable, and, assuming the due authorization, valid execution and delivery by the other parties thereto (other than the Partnership Entities), each Organizational Document is, and,
on the Closing Date, the Seventh A&R LPA will be, a valid and legally binding agreement of the Enterprise Parties, as applicable, enforceable against such parties in accordance with its terms; provided that, with respect to each agreement
described in this Section 3.01(c), the enforceability thereof may be limited by bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar Laws relating to or affecting creditors’ rights
generally and by general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law). 

Section 3.02 Capitalization and Valid Issuance of Units. 

(a) As of September 29, 2020, the issued and outstanding limited partner interests of the Partnership consist of 2,238,808,919 Common
Units. All of such outstanding Common Units and the limited partner interests represented thereby have been duly authorized and validly issued in accordance with the Partnership Agreement and are fully paid (to the extent required under the
Partnership Agreement) and non-assessable (except as such non-assessability may be affected by matters described in
Sections 17-303, 17-607 or 17-804 of the Delaware LP Act). As of the date hereof, there are no, and as of the Closing Date,
there will be no outstanding limited partner interests of the Partnership that are senior to, in right of distribution or liquidation, the Series A Preferred Units. 

(b) The General Partner is the sole general partner of the Partnership with a non-economic general
partner interest in the Partnership; such general partner interest has been duly authorized and validly issued in accordance with the Partnership Agreement; and the General Partner owns such general partner interest free and clear of all Liens. 

(c) The Series A Preferred Units and the limited partner interests represented thereby will be duly authorized by the Partnership
pursuant to the Partnership Agreement prior to the Closing and, when issued and delivered to the Purchasers against payment therefor in accordance with the terms of this Agreement, will be validly issued, fully paid (to the extent required by the
Partnership Agreement) and non-assessable (except as such nonassessability may be affected by matters described in Sections 17-303,
17-607 or 17-804 of the Delaware LP Act) and will be free of any and all Liens and restrictions on transfer, other than (i) restrictions on transfer under the
Partnership Agreement or applicable state and federal securities Laws, (ii) with respect to each Purchaser’s Series A Preferred Units and the limited partner interests represented thereby, such Liens as are created by such Purchaser
and (iii) such Liens as arise under the Partnership Agreement or the Delaware LP Act. 

  
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 (d) Except for any such preemptive rights that have been waived, there are no Persons
entitled to statutory, preemptive or other similar contractual rights to subscribe for the Series A Preferred Units; and, except (i) for the Series A Preferred Units to be issued pursuant to this Agreement, and the PIK Units and the
Conversion Units to be issued pursuant to the Partnership Agreement, (ii) for awards issued pursuant to an equity incentive plan approved by the board of directors of the General Partner, or (iii) as disclosed in the EPD SEC Documents or
to the Purchasers in writing, no options, warrants or other rights to purchase, agreements or other obligations to issue, or rights to convert any obligations into or exchange any securities for, Partnership securities or ownership interests in the
Partnership are outstanding. 
 (e) Upon issuance in accordance with this Agreement and the Partnership Agreement, the PIK Units and the
Conversion Units will be duly authorized, validly issued, fully paid (to the extent required by the Partnership Agreement) and non-assessable (except as such nonassessability may be affected by matters
described in Sections 17-303, 17-607 and 17-804 of the Delaware LP Act) and will be free of any and all Liens and
restrictions on transfer, other than (i) restrictions on transfer under the Partnership Agreement or applicable state and federal securities Laws, (ii) with respect to each Purchaser’s PIK Units and Conversion Units, such Liens as are
created by such Purchaser and (iii) such Liens as arise under the Partnership Agreement or the Delaware LP Act. 

Section 3.03 Ownership of Subsidiaries. All of the outstanding shares of capital stock, partnership
interests or membership interests, as the case may be, of each Subsidiary have been duly and validly authorized and issued, and are fully paid and non-assessable (except as such non-assessability may be
affected by matters described in Sections 17-303, 17-607 and 17-804 of the Delaware LP Act, in the case of partnership interests
in a Delaware limited partnership, Sections 18-607 or 18-804 of the Delaware LLC Act, in the case of membership interests in a Delaware limited liability company,
Section 101.206 of the Texas Act, in the case of membership interests in a Texas limited liability company, and except as otherwise disclosed in the EPD SEC Documents). Except as described in the EPD SEC Documents, the Partnership directly or
indirectly, owns the shares of capital stock, partnership interests or membership interests in each Subsidiary as set forth on Schedule B hereto free and clear of all Liens, other than contractual restrictions on transfer contained in the
Organizational Documents of such Subsidiary. None of the Enterprise Parties has any Subsidiaries other than as set forth on Schedule B hereto that, individually or in the aggregate, would be deemed to be a “significant
subsidiary” as such term is defined in Rule 1-02(w) of Regulation S-X under the Securities Act. 

Section 3.04 EPD SEC Documents. Since January 1, 2019, the EPD SEC Documents have
been filed on a timely basis. The EPD SEC Documents, at the time filed (or in the case of registration statements, solely on the dates of effectiveness), except to the extent corrected by a subsequent EPD SEC Document, (a) did not contain any
untrue statement of a material fact or omit to state a material fact required to be stated therein or necessary in order to make the statements therein, in light of the circumstances under which they were made in the case of any such documents other
than a registration statement, not misleading and (b) complied as to form in all material respects with the applicable requirements of the Exchange Act and the Securities Act, as the case may be. 

  
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 Section 3.05 Financial Statements. 

(a) The historical consolidated financial statements (including the related notes and supporting schedules) contained or incorporated by
reference in the EPD SEC Documents, (i) comply in all material respects with the applicable requirements under the Securities Act and the Exchange Act (except that certain supporting schedules are omitted in accordance with SEC regulations),
(ii) present fairly in all material respects the financial position, results of operations and cash flows of the entities purported to be shown thereby on the basis stated therein at the respective dates or for the respective periods and
(iii) have been prepared in accordance with GAAP consistently applied throughout the periods involved, in each case, except to the extent disclosed therein. The other financial information of the Partnership and its Subsidiaries, including non-GAAP financial measures, if any, contained or incorporated by reference in the EPD SEC Documents has been derived from the accounting records of the Partnership and its Subsidiaries, and fairly presents in all
material respects the information purported to be shown thereby. Nothing has come to the attention of any of the Partnership Entities that has caused them to believe that the statistical and market-related data included in the EPD SEC Documents is
not based on or derived from sources that are reliable and accurate in all material respects as of the respective dates on which the applicable EPD SEC Documents were filed. The interactive data in eXtensible Business Reporting Language included in
the EPD SEC Documents fairly presents in all material respects the information contained therein and has been prepared in accordance with the SEC’s rules and guidelines applicable thereto in all material respects. 

(b) Based on the evaluation of its internal controls and procedures conducted in connection with the preparation and filing of the
Partnership’s Annual Report on Form 10-K for the year ended December 31, 2019, neither the Partnership nor the General Partner is aware of (A) any significant deficiencies or material weaknesses
in the design or operation of its internal controls over financial reporting (as defined in Rule 13a-15(f) and 15d-15(f) under the Exchange Act) that are likely to
adversely affect the Partnership’s ability to record, process, summarize and report financial data or (B) any fraud, whether or not material, that involves management or other employees who have a role in the Partnership’s internal
controls over financial reporting. 
 Section 3.06 Independent Registered Public Accounting Firm.
Deloitte & Touche LLP, who has audited the audited financial statements of the Partnership contained or incorporated by reference in the EPD SEC Documents, is an independent registered public accounting firm with respect to the Partnership
and the General Partner within the meaning of the Securities Act and the applicable rules and regulations thereunder adopted by the SEC and the PCAOB. 

Section 3.07 No Material Adverse Change. None of the Partnership Entities has sustained, since the date of the
latest audited or reviewed financial statements included in the EPD SEC Documents, any material loss or interference with its business from fire, explosion, flood or other calamity, whether or not covered by insurance, or from any labor dispute or
court or governmental action, investigation, order or decree, other than as would not reasonably be expected to have a Material Adverse Effect. Subsequent to the respective dates as of which information is given in the EPD SEC Documents, in each
case excluding any amendments or supplements to the foregoing made after the execution of this Agreement, there has not been (i) any Material Adverse Effect, or any development that would, individually or in the aggregate, reasonably be
expected to have a Material Adverse Effect, (ii) any transaction which is material to the Partnership Entities taken as a whole, other than transactions in the ordinary course of business 

  
 13 

 
as such business is described in the EPD SEC Documents or (iii) any dividend or distribution of any kind, other than quarterly distributions of Available Cash (as defined in the
Partnership Agreement) and other than dividends or distributions from any Subsidiary to another Subsidiary or the Partnership in the ordinary course of business, declared, paid or made on the security interests of any of the Partnership Entities.

 Section 3.08 No Registration Required. Assuming the accuracy of the representations and
warranties of the applicable Purchaser contained in Article IV, the issuance and sale of the Series A Preferred Units to such Purchaser pursuant to this Agreement is exempt from the registration requirements of the Securities Act, and
neither the Partnership nor, to the Partnership’s Knowledge, any Person acting on its behalf, has taken nor will take any action hereafter that would cause the loss of such exemption. 

Section 3.09 No Restrictions or Registration Rights. There are no material restrictions
upon the voting or transfer of, any equity securities of the Partnership pursuant to its Organizational Documents or any other agreement or instrument to which any Partnership Entity is a party or by which any of them may be bound. Except for such
rights that will be waived at the Closing or as expressly set forth in the Registration Rights Agreement, neither the offering nor sale of the Series A Preferred Units as contemplated by this Agreement gives rise to any rights for or relating
to the registration of any Series A Preferred Units or other securities of the Partnership or any of its Subsidiaries, except for such rights as have been waived. 

Section 3.10 Litigation. There are no legal or governmental proceedings pending to which any
Partnership Entity is a party or of which any property or assets of any Partnership Entity is the subject that, individually or in the aggregate, if determined adversely to such Partnership Entity, could reasonably be expected to have a Material
Adverse Effect; and to the Knowledge of the Enterprise Parties, no such proceedings are threatened or contemplated by Governmental Authorities or threatened by others. 

Section 3.11 No Default. None of the Partnership Entities is in (a) violation of the
Organizational Documents (including, for the avoidance of doubt, the Seventh A&R LPA), (b) in violation of any Law of any Governmental Authority or body having jurisdiction over it or has failed to obtain any license, permit, certificate,
franchise or other governmental authorization or permit necessary to the ownership of its property or to the conduct of its business, or (c) in breach, default (and no event that, with notice or lapse of time or both, would constitute such a
default has occurred or is continuing) or violation in the performance of any obligation, agreement or condition contained in any bond, debenture, note or any other evidence of indebtedness or in any agreement, indenture, lease or other instrument
to which it is a party or by which it or any of its properties may be bound, which breach, default or violation, in the case of clause (b) or (c), would, if continued, have a Material Adverse Effect, or could materially impair the ability of
any of the Partnership Entities to perform their obligations under the Transaction Documents. 
 Section 3.12 No
Conflicts. None of the (i) offering, issuance and sale by the Partnership of the Series A Preferred Units, (ii) execution, delivery and performance of the Transaction Documents by the Enterprise Parties or (iii) consummation of any other
transactions contemplated hereby or thereby, including the execution and delivery of the Seventh A&R LPA, (A) conflicts or will conflict with or constitutes or will constitute a violation of the Organizational Documents

  
 14 

 of any of the Partnership Entities (including, for the avoidance of doubt, the Seventh A&R LPA),
(B) conflicts or will conflict with or constitutes or will constitute a breach or violation of, or a default (or an event that, with notice or lapse of time or both, would constitute such a default) under, any indenture, mortgage, deed of
trust, loan agreement, lease or other agreement or instrument to which any of the Partnership Entities is a party or by which any of them or any of their respective properties or assets may be bound, (C) violate any Law of any Governmental
Authority or body having jurisdiction over such Purchaser or the property or assets of such Purchaser any of the Partnership Entities or any of their respective properties or assets, or (D) results or will result in the creation or imposition
of any Lien upon any property or assets of any of the Partnership Entities, which conflicts, breaches, violations, defaults or Liens, in the case of clauses (B) or (D), would, individually or in the aggregate, have a Material Adverse Effect or
would materially impair the ability of any of the Enterprise Parties to perform their obligations under the Transaction Documents. 

Section 3.13 Authority; Enforceability. The Partnership has all requisite power and authority under
the Partnership Agreement and the Delaware LP Act to issue, sell and deliver the Series A Preferred Units, in accordance with and upon the terms and conditions set forth in this Agreement and the Partnership Agreement. All limited partnership
and limited liability company action, as the case may be, required to be taken by the Partnership Entities or any of their partners or members for the authorization, issuance, sale and delivery of the Series A Preferred Units, the execution and
delivery of the Transaction Documents and the consummation of the transactions contemplated thereby shall have been validly taken. No approval from the holders of outstanding Common Units is required under the Partnership Agreement or the rules of
the NYSE in connection with the Partnership’s issuance and sale of the Series A Preferred Units to the Purchasers. Each of the Transaction Documents has been duly and validly authorized and has been or, with respect to the Transaction
Documents to be delivered at the Closing, will be, validly executed and delivered by the Partnership or the General Partner, as the case may be, and, to the Knowledge of the Enterprise Parties, the other parties thereto. Each of the Transaction
Documents constitutes, or will constitute, the legal, valid and binding obligations of the Partnership or the General Partner, as the case may be, and, to the Knowledge of the Enterprise Parties, each of the parties thereto, in each case enforceable
in accordance with its terms; provided that, with respect to each such agreement, the enforceability thereof may be limited by bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium and similar Laws relating to or affecting
creditors’ rights generally and by general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law). 

Section 3.14 Approvals. No permit, consent, approval, authorization, order,
registration, filing or qualification (“Consent”) of or with any Governmental Authority having jurisdiction over the Partnership Entities or any of their respective properties is required in connection with (a) the
issuance and sale by the Partnership of the Series A Preferred Units, (b) the execution, delivery and performance of this Agreement and the other Transaction Documents by the Enterprise Parties that are parties thereto or (c) the
consummation by the Enterprise Parties of the transactions contemplated by this Agreement and the other Transaction Documents except for (i) such Consents required by the SEC or NYSE in connection with the Partnership’s obligations under
the Registration Rights Agreement, (ii) such Consents required under the state securities or “Blue Sky” Laws, (iii) such Consents that have been, or prior to the Closing Date will be, obtained and (iv) such Consents, the
absence or omission of which would not, individually or in the aggregate, have a Material Adverse Effect. 

  
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 Section 3.15 Distribution Restrictions. None of the
Partnership Entities is currently prohibited, directly or indirectly, under any agreement or instrument to which it or its properties are bound, from paying any dividends or other distributions, as applicable, to the Partnership, from repaying to
the Partnership any loans or advances to such Partnership Entity from the Partnership or from transferring any of such Partnership Entity’s property or assets to the Partnership or any other Partnership Entity of the Partnership, except
(i) as described in the EPD SEC Documents, (ii) with respect to any non-wholly owned Partnership Entities, pursuant to the Organizational Documents of such Partnership Entities, and
(iii) prohibitions that would not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. 

Section 3.16 MLP Status. For the current taxable year and each taxable year during which the
Partnership has been in existence, the Partnership is and has been properly treated as a partnership for United States federal income tax purposes and more than 90% of the Partnership’s gross income is and has been qualifying under
Section 7704(d) of the Internal Revenue Code of 1986, as amended (the “Code”), and the Treasury regulations promulgated thereunder. The Partnership reasonably expects that more than 90% of its gross income for the
current taxable year will be qualifying income under Section 7704(d) of the Code and the Treasury regulations promulgated thereunder following the completion of the transaction contemplated by this Agreement. 

Section 3.17 Investment Company Status. None of the Partnership Entities is now, or after the sale of
the Series A Preferred Units to be sold by the Partnership hereunder and application of the net proceeds from such sale will be, an “investment company” or a company “controlled by” an “investment company” within the
meaning of the Investment Company Act of 1940, as amended. 
 Section 3.18
Certain Fees. No Partnership Entity is required to pay any broker, finder or investment banker, other than TD Securities (USA) LLC, any brokerage, finder’s or other fee or commission with respect to the sale to the Purchasers
of any of the Series A Preferred Units or the consummation of the transactions contemplated by this Agreement. The Partnership agrees that it will indemnify and hold harmless the Purchasers from and against any and all claims, demands, or
liabilities for broker’s, finder’s, placement, or other similar fees or commissions incurred by the Partnership Entities or alleged to have been incurred by the Partnership Entities in connection with the sale of the Series A
Preferred Units or the consummation of the transactions contemplated by this Agreement. 
 Section 3.19
Labor and Employment Matters. No labor dispute with the employees that are engaged in the business of the Partnership or its Subsidiaries exists or, to the Knowledge of the Partnership, is imminent or threatened that is reasonably
likely to result in a Material Adverse Effect. 
 Section 3.20
Insurance. The Partnership Entities maintain insurance covering their properties, operations, personnel and businesses against such losses and risks as are reasonably adequate to protect them and their businesses in a manner
consistent with other businesses 

  
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similarly situated. Except as disclosed in the EPD SEC Documents, none of the Partnership Entities has received notice from any insurer or agent of such insurer that substantial capital
improvements or other expenditures will have to be made in order to continue such insurance; all such insurance is outstanding and duly in force on the date hereof and will be outstanding and duly in force on the Closing Date. 

Section 3.21 Accounting Controls. The Partnership Entities make and keep books, records and accounts
that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of assets and maintain systems of internal accounting controls sufficient to provide reasonable assurances that (a) transactions are executed in
accordance with management’s general or specific authorization, (b) transactions are recorded as necessary to permit preparation of financial statements in conformity with GAAP and to maintain accountability for assets, (c) access to
assets is permitted only in accordance with management’s general or specific authorization and (d) the recorded accountability for assets is compared with existing assets at reasonable intervals and appropriate action is taken with respect
to any differences. 
 Section 3.22 Disclosure Controls and Procedures. The
General Partner and the Partnership have established and maintain disclosure controls and procedures (as such term is defined in Rule 13a-15(e) and 15d-15(e) under the
Exchange Act) that (a) are designed to ensure that material information relating to the Partnership, including its consolidated Subsidiaries, is made known to the General Partner’s co-principal
executive officers and its principal financial officer by others within those entities, particularly during the periods in which the periodic reports required under the Exchange Act are being prepared; (b) have been evaluated for effectiveness
as of the end of the period covered by the Partnership’s most recent annual report filed with the SEC; and (c) are effective in achieving reasonable assurances that the Partnership’s desired control objectives as described in Item 9A
of the Partnership’s Annual Report on Form 10-K for the period ended December 31, 2019 have been met. Since the date of the most recent evaluation of the disclosure controls and procedures described
herein, there have been no significant changes in the Partnership’s internal controls that materially affected or are reasonably likely to materially affect the Partnership’s internal controls over financial reporting. 

Section 3.23 Sarbanes-Oxley. The principal executive officer and principal financial officer of the
General Partner have made all certifications required by the Sarbanes-Oxley Act and any related rules and regulations promulgated by the Commission, and the statements contained in any such certification are complete and correct. The Partnership
and, to the Partnership’s Knowledge, the General Partner’s directors or officers, in their capacities as such, are in compliance in all material respects with all applicable provisions of the Sarbanes-Oxley Act and the rules and
regulations promulgated in connection therewith. 
 Section 3.24 Listing and
Maintenance Requirements. The Common Units are listed on the NYSE, and the Partnership has not received any notice of delisting. The issuance and sale of the Series A Preferred Units, the PIK Units and the Conversion Units do not
contravene NYSE rules and regulations. 
 Section 3.25 Environmental Compliance. There has been no storage, generation,
transportation, handling, treatment, disposal or discharge of any kind of toxic or other wastes or other hazardous substances by any of the Partnership Entities (or, to the Knowledge of the 

  
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Enterprise Parties, any other entity (including any predecessor) for whose acts or omissions any of the Partnership Entities is or could reasonably be expected to be liable) at, upon or from any
of the property now or previously owned or leased by any of the Partnership Entities or upon any other property, in violation of any statute or any ordinance, rule, regulation, order, judgment, decree or permit, or which would, under any statute or
any ordinance, rule (including rule of common law), regulation, order, judgment, decree or permit, give rise to any liability, except for any violation or liability that could not reasonably be expected to have, individually or in the aggregate with
all such violations and liabilities, a Material Adverse Effect; and there has been no disposal, discharge, emission or other release of any kind onto such property or into the environment surrounding such property of any toxic or other wastes or
other hazardous substances with respect to which any of the Enterprise Parties has Knowledge, except for any such disposal, discharge, emission or other release of any kind which could not reasonably be expected to have, individually or in the
aggregate with all such discharges and other releases, a Material Adverse Effect. 
 Section 3.26 ERISA
Compliance. (i) Each “employee benefit plan” (within the meaning of Section 3(3) of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”)) for which any of the Partnership
Entities or any member of the “Controlled Group” (defined as any organization which is a member of a controlled group of corporations within the meaning of Section 414 of the Code) of any of the Partnership Entities would have any
liability (each a “Plan”) has been maintained in all material respects in compliance with its terms and with the material requirements of all applicable statutes, rules and regulations including ERISA and the Code;
(ii) with respect to each Plan subject to Title IV of ERISA (a) no “reportable event” (within the meaning of Section 4043(c) of ERISA and for which the 30-day reporting
requirement has not been waived) has occurred or is reasonably expected to occur, (b) no “accumulated funding deficiency” (within the meaning of Section 302 of ERISA or Section 412 of the Code), whether or not waived, has
occurred or is reasonably expected to occur, (c) the fair market value of the assets under each Plan exceeds the present value of all benefits accrued under such Plan (determined on an ongoing basis based on those assumptions used to fund such
Plan) and (d) none of the Partnership Entities or any member of the Controlled Group of any of the Partnership Entities has incurred, or reasonably expects to incur, any liability under Title IV of ERISA (other than contributions to the
Plan or premiums to the United States Pension Benefit Guaranty Corporation in the ordinary course and without default) in respect of a Plan (including a “multiemployer plan,” within the meaning of Section 4001(c)(3) of ERISA), in each
case that, individually or in the aggregate, has had, or would reasonably be expected to have, a Material Adverse Effect; and (iii) each Plan that is intended to be qualified under Section 401(a) of the Code and that is an individually
designed plan has been determined by the Internal Revenue Service to be so qualified and nothing has occurred, whether by action or by failure to act, which would cause the loss of such qualification. 

Section 3.27 Tax Returns; Taxes. Each of the Partnership Entities has timely filed
(taking into account permitted extensions) all federal and state income Tax Returns and all other material Tax Returns and all Taxes owed by the Partnership Entities or for which the Partnership Entities may be liable that are or have become due
have been paid in full, except for Taxes that are being contested in good faith by appropriate proceedings and for which the Partnership Entities have set aside on their books adequate reserves. There is no material claim against the Partnership
Entities and, no material assessment, deficiency, or adjustment has been asserted, proposed or, to 

  
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the Knowledge of the Partnership Entities, threatened with respect to any Taxes or Tax Returns of or with respect to the Partnership Entities. No material Tax audits or administrative or judicial
proceedings are being conducted, pending or to the Knowledge of the Partnership Entities, threatened with respect to the Partnership Entities. 

Section 3.28 Permits. Each of the Partnership Entities has such permits, consents, licenses,
franchises, certificates and authorizations of Governmental Authorities (“Permits”) as are necessary to own or lease its properties and to conduct its business in the manner described in the EPD SEC Documents, subject to such
qualifications as may be set forth in the EPD SEC Documents and except for such permits that, if not obtained, would not have, individually or in the aggregate, a Material Adverse Effect; each of the Partnership Entities has fulfilled and performed
all its material obligations with respect to such permits in the manner described, and subject to the limitations contained in the EPD SEC Documents, and no event has occurred that would prevent the permits from being renewed or reissued or that
allows, or after notice or lapse of time would allow, revocation or termination thereof or results or would result in any impairment of the rights of the holder of any such permit, except for such
non-renewals, non-issues, revocations, terminations and impairments that would not, individually or in the aggregate, have a Material Adverse Effect. None of the
Partnership Entities has received notification of any revocation or modification of any such permit or has any reason to believe that any such permit will not be renewed in the ordinary course. 

Section 3.29 Required Disclosures and Descriptions. There are no legal or governmental
proceedings pending or, to the Knowledge of the Enterprise Parties, threatened or contemplated, against any of the Partnership Entities, or to which any of the Partnership Entities is a party, or to which any of their respective properties or assets
is subject, that are required to be described in the EPD SEC Documents but are not described as required, and there are no Contracts that are required to be described in the EPD SEC Documents or to be filed as an exhibit to the EPD SEC Documents
that are not described or filed as required by the Securities Act or the rules and regulations thereunder or the Exchange Act or the rules and regulations thereunder. 

Section 3.30 Title to Property. Each Partnership Entity has good and indefeasible title to all real
and personal property which are material to the business of the Partnership Entities, in each case free and clear of all Liens, encumbrances, claims and defects and imperfections of title except such as (a) do not materially affect the value of
such property and do not materially interfere with the use made and proposed to be made of such property by the Partnership Entities, (b) could not reasonably be expected to have a Material Adverse Effect or (c) are described, and subject
to the limitations contained, in the EPD SEC Documents. 
 Section 3.31 Rights-of-Way. Each of the Partnership Entities has such consents, easements,
rights-of-way or licenses from any Person (“Rights-of-Way”) as
are necessary to conduct its business in the manner described in the EPD SEC Documents, subject to such qualifications as may be set forth in the EPD SEC Documents and except for such
Rights-of-Way the failure of which to have obtained would not have, individually or in the aggregate, a Material Adverse Effect; each of the Partnership Entities has
fulfilled and performed all its material obligations with respect to such Rights-of-Way and no event has occurred which allows, or after notice or lapse of time would
allow, revocation or termination thereof or would result in any impairment of the rights of the holder of any such Rights-of-Way, except for such revocations,

  
 19 

 
terminations and impairments that will not have a Material Adverse Effect, subject in each case to such qualification as may be set forth the EPD SEC Documents; and, except as described in the
EPD SEC Documents, none of such Rights-of-Way contains any restriction that is materially burdensome to the Partnership Entities, taken as a whole. 

Section 3.32 Form S-3
Eligibility. The Partnership is eligible to register the Conversion Units for resale by the Purchasers under Form S-3 promulgated under the Securities Act. 

Section 3.33 Compliance with Laws. Each of the Partnership and its Subsidiaries is, and since
December 31, 2018, has been, in compliance with applicable Law, except as set forth in the EPD SEC Documents and for violations that have not had and would not reasonably be expected to have, individually or in the aggregate, a Material Adverse
Effect. To the Knowledge of the Partnership, except as set forth in the EPD SEC Documents, there are no material unsatisfied judgments, penalties or awards against or affecting any of the Partnership Entities or their respective properties, except
as set forth in the EPD SEC Documents and for judgments, penalties or awards that would not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect. 

Section 3.34 Intellectual Property. Each Partnership Entity owns or possesses adequate rights to use
all material patents, patent applications, trademarks, service marks, trade names, trademark registrations, service mark registrations, copyrights, licenses and know-how (including trade secrets and other
unpatented and/or unpatentable proprietary or confidential information, systems or procedures) necessary for the conduct of their respective businesses; and the conduct of their respective businesses will not conflict in any material respect with,
and no Partnership Entity has received any notice of any claim of conflict with, any such rights of others. 

Section 3.35 Related Party Transactions. Except as described in the EPD SEC Documents,
no Partnership Entity has, directly or indirectly (a) extended credit, arranged to extend credit, or renewed any extension of credit, in the form of a personal loan, to or for any director or executive officer of the General Partner or its
Affiliates, or to or for any family member or Affiliate of any directors or executive officers of the General Partner or its Affiliates or (b) made any material modification to the term of any personal loan to any director or executive officer
of the General Partner or its Affiliates, or any family member or Affiliate of any director or executive officer of the General Partner or its Affiliates. 

ARTICLE IV 

REPRESENTATIONS AND WARRANTIES AND COVENANTS OF THE PURCHASERS 

Each of the Purchasers, severally but not jointly, represents and warrants and covenants to the Partnership as follows with respect to itself:

 Section 4.01 Existence. Each Purchaser is duly organized and validly existing and in good standing under the Laws of
its state of formation, with all necessary power and authority to own properties and to conduct its business as currently conducted. 

  
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 Section 4.02 Authorization; Enforceability. Each
Purchaser has all necessary legal power and authority to enter into, deliver and perform its obligations under the Transaction Documents to which it is a party. The execution, delivery and performance of such Transaction Documents by such Purchaser
and the consummation by it of the transactions contemplated thereby have been duly and validly authorized by all necessary legal action, and no further consent or authorization of such Purchaser is required. Each of the Transaction Documents to
which such Purchaser is a party has been duly executed and delivered by such Purchaser, where applicable, and constitutes a legal, valid and binding obligation of such Purchaser; provided that, with respect to each such agreement, the
enforceability thereof may be limited by applicable bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium or similar Laws from time to time in effect affecting creditors’ rights and remedies generally and by general principles
of equity (regardless of whether such principles are considered in a proceeding in equity or at law). 

Section 4.03 No Breach. The execution, delivery and performance of the Transaction Documents to which
such Purchaser is a party by such Purchaser and the consummation by such Purchaser of the transactions contemplated thereby will not (a) conflict with or result in a breach or violation of any of the terms or provisions of, or constitute a
default under, any material agreement to which such Purchaser is a party or by which such Purchaser is bound or to which any of the property or assets of such Purchaser is subject, (b) conflict with or result in any violation of the provisions
of the Organizational Documents of such Purchaser, or (c) violate any Law of any Governmental Authority or body having jurisdiction over such Purchaser or the property or assets of such Purchaser, except in the case of clauses (a) and (c),
for such conflicts, breaches, violations or defaults as would not prevent the consummation of the transactions contemplated by such Transaction Documents. 

Section 4.04 Certain Fees. No fees or commissions are or will be payable by such Purchaser to brokers,
finders or investment bankers with respect to the purchase of any of the Series A Preferred Units or the consummation of the transactions contemplated by this Agreement, except for fees or commissions for which the Partnership is not
responsible. Each Purchaser agrees to indemnify and hold harmless the Partnership from and against any and all claims, demands, or liabilities for broker’s, finder’s, placement, or other similar fees or commissions incurred by such
Purchaser, or alleged to have been incurred by such Purchaser in connection with the purchase of the Series A Preferred Units or the consummation of the transactions contemplated by this Agreement. 

Section 4.05 Unregistered Securities. 

(a) Accredited Investor Status; Sophisticated Purchaser. Such Purchaser is an “accredited investor” within the meaning of
Rule 501 under the Securities Act and is able to bear the risk of its investment in the Series A Preferred Units, the PIK Units and the Conversion Units, as applicable. Such Purchaser has such knowledge and experience in financial and
business matters that it is capable of evaluating the merits and risks of the purchase of the Series A Preferred Units, the PIK Units and the Conversion Units, as applicable. 

(b) Information. Such Purchaser and its Representatives have been furnished with all materials relating to the business, finances and
operations of the Partnership that have been requested and materials relating to the offer and sale of the Series A Preferred Units, PIK Units 

  
 21 

 
and Conversion Units that have been requested by such Purchaser. Such Purchaser and its Representatives have been afforded the opportunity to ask questions of the Partnership. Neither such
inquiries nor any other due diligence investigations conducted at any time by such Purchasers and their respective Representatives shall modify, amend or affect such Purchasers’ right (i) to rely on the Partnership’s representations
and warranties contained in Article III above or (ii) to indemnification or any other remedy based on, or with respect to the accuracy or inaccuracy of, or compliance with, the representations, warranties, covenants and agreements in any
Transaction Document. Such Purchaser understands that its purchase of the Series A Preferred Units involves a high degree of risk. Such Purchaser has sought such accounting, legal and tax advice as it has considered necessary to make an
informed investment decision with respect to its acquisition of the Series A Preferred Units. 
 (c) Cooperation. Such Purchaser
shall cooperate reasonably with the Partnership to provide any information necessary for any applicable securities filings. 
 (d)
Legends. Such Purchaser understands that, until such time as the Series A Preferred Units, the PIK Units and the Conversion Units, as applicable, (i) have been resold pursuant to an effective registration statement under the
Securities Act, (ii) have been resold pursuant to Rule 144, or (iii) are eligible for resale pursuant to paragraph (b)(1)(i) of Rule 144 without limitation under any other of the requirements of Rule 144, such securities will bear a
restrictive legend to the effect that they have not been registered under the Securities Act or any state securities laws and may not be resold other than pursuant to such registration or an available exemption therefrom (the “Securities
Act Restrictive Legend”), in addition to any other legends or notations as provided in the Partnership Agreement. 
 (e)
Purchase Representation. Such Purchaser is purchasing the Series A Preferred Units for its own account and not with a view to distribution in violation of any Laws. Such Purchaser has been advised and understands that neither the
Series A Preferred Units, the PIK Units nor the Conversion Units have been registered under the Securities Act or under the “blue sky” laws of any jurisdiction and may be resold only if registered pursuant to the provisions of the
Securities Act (or if eligible, resold pursuant to the provisions of Rule 144 or pursuant to another available exemption from the registration requirements of the Securities Act). 

(f) Rule 144. Such Purchaser understands that there is no public trading market for the Series A Preferred
Units or the PIK Units, that none is expected to develop and that the Series A Preferred Units, the PIK Units and the Conversion Units must be held indefinitely unless and until the Series A Preferred Units, the PIK Units or the Conversion
Units, as applicable, are registered under the Securities Act or an exemption from registration is available. Such Purchaser has been advised of and is aware of the provisions of Rule 144. 

(g) Reliance by the Partnership. Such Purchaser has been advised and understands that the Series A Preferred Units are being
offered and sold in reliance on a transactional exemption from the registration requirements of federal and state securities Laws and that the Partnership is relying upon the truth and accuracy of the representations, warranties, agreements,
acknowledgments and understandings of such Purchaser set forth herein in order to determine the applicability of such exemptions and the suitability of such Purchaser to acquire the Series A Preferred Units and the PIK Units, and the Conversion
Units issuable upon conversion thereof. 

  
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 Section 4.06 No Prohibited Trading. During the 15
day period prior to the date hereof, such Purchaser has not (a) offered, sold, contracted to sell, sold any option or contract to purchase, purchased any option or contract to sell, granted any option, right or warrant to purchase, lent, or
otherwise transferred or disposed of, directly or indirectly, any of the Series A Preferred Units, or (b) directly or indirectly engaged in any short sales or other derivative or hedging transactions with respect to the Series A
Preferred Units, including by means of any swap or other transaction or arrangement that transfers or that is designed to, or that might reasonably be expected to, result in the transfer to another, in whole or in part, of any of the economic
consequences of ownership of any Series A Preferred Units, regardless of whether any transaction described in this Section 4.06 is to be settled by delivery of Series A Preferred Units, Common Units or other securities, in cash or
otherwise. 
 Section 4.07 Title to the Exchanged Securities. To the extent that any
Purchaser delivers all or any portion of its Funding Amount in Exchanged Securities, (a) such Purchaser is the sole legal and beneficial owner of such Exchanged Securities; (b) such Purchaser has good, valid and marketable title to such
Exchanged Securities, free and clear of any Liens (other than pledges or security interests that such Purchaser may have created in favor of a prime broker under and in accordance with its prime brokerage agreement with such broker); (c) such
Purchaser has not, in whole or in part, except as described in the preceding clause (b), (i) assigned, transferred, hypothecated, pledged, exchanged or otherwise disposed of any of such Exchanged Securities or such Purchaser’s rights in such
Exchanged Securities or (ii) given any Person or entity any transfer order, power of attorney or other authority of any nature whatsoever with respect to such Exchanged Securities; and (d) upon such Purchaser’s delivery of Exchanged
Securities to the Partnership pursuant to the Transactions, such Exchanged Securities shall be free and clear of all Liens created by such Purchaser or any other Person acting for such Purchaser. 

ARTICLE V 
 COVENANTS

 Section 5.01 Use of Proceeds. The Partnership shall use the proceeds of the offering of the
Series A Preferred Units (a) to fund expected growth capital projects and (b) for general working capital purposes of the Partnership Entities. 

Section 5.02 Tax Matters.  

(a) The Partnership will treat the conversion of the Series A Preferred Units into Common Units (or payment of Common Units with respect to
the Partnership’s redemption of the Series A Preferred Units) as an exercise of a noncompensatory option within the meaning of Treasury Regulation Section 1.761-3. The Partnership will use
commercially reasonable efforts to cooperate with the Purchasers to minimize the recognition of the taxable income by the Purchasers on such conversion or redemption (including by providing the information described in
Section 5.02(b); provided, that the Partnership’s obligation to use commercially reasonable efforts shall not require the Partnership to take any action that would have a Material Adverse Effect on the
Partnership or its partners individually or in the aggregate (other than the Purchasers and their Affiliates). 

  
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 (b) The Partnership will, after the fifth anniversary of the Closing Date, upon a reasonable
written request by any Purchaser, provide such Purchaser, within a commercially reasonable time after the Partnership’s receipt of such request, a good faith estimate (and reasonable supporting calculations) of whether there is sufficient
Unrealized Gain attributable to the Partnership property on the date of such request such that, if any of such Purchaser’s Series A Preferred Units were converted to, or redeemed for, Common Units and such Unrealized Gain was allocated to such
Purchaser pursuant to Section 5.5(d)(i) and Section 6.1 of the Partnership Agreement (taking proper account of allocations of higher priority), such Purchaser’s capital account in respect of its Common Units would be equal to the Per
Unit Capital Amount for a Common Unit on the date of such request. Capitalized terms used in this Section 5.02(b) but not defined in this Agreement shall have the meaning ascribed to them in the Partnership Agreement. 

ARTICLE VI 

INDEMNIFICATION, COSTS AND EXPENSES 

Section 6.01 Indemnification by the Partnership. The Partnership agrees to indemnify each Purchaser and its
Representatives (collectively, “Purchaser Related Parties”) from costs, losses, liabilities, damages or expenses of any kind or nature whatsoever, and hold each of them harmless against, any and all actions, suits,
proceedings (including any investigations, litigation or inquiries), demands and causes of action, and, in connection therewith, promptly upon demand, pay or reimburse each of them for all costs, losses, liabilities, damages, or expenses of any kind
or nature whatsoever (including the reasonable fees and disbursements of counsel and all other reasonable expenses incurred in connection with investigating, defending or preparing to defend any such matter that may be incurred by them or asserted
against or involve any of them), whether or not involving a Third-Party Claim, as a result of, arising out of, or in any way related to (a) the failure of any of the representations or warranties made by the Partnership contained herein to be
true and correct in all material respects (other than those representations and warranties contained in Section 3.01, Section 3.02, Section 3.03, Section 3.13, Section 3.16 or
Section 3.18 or other representations and warranties that are qualified by materiality or Material Adverse Effect, which, in each case, shall be true and correct in all respects) when made and as of the Closing Date (except for any
representations and warranties made as of a specific date, which shall be required to be true and correct in all material respects as of such date only) or (b) the breach of any covenants of the Partnership contained herein; provided
that, in the case of the immediately preceding clause (a), such claim for indemnification is made prior to the expiration of the survival period of such representation or warranty; provided, further, that for purposes of
determining when an indemnification claim has been made, the date upon which a Purchaser Related Party shall have given notice (stating in reasonable detail the basis of the claim for indemnification) to the Partnership shall constitute the date
upon which such claim has been made; and provided, further, that the aggregate liability of the Partnership to each Purchaser and its Representatives pursuant to this Section 6.01 shall not be greater in amount than such
Purchaser’s Funding Amount as of the date of the indemnification notice described in Section 6.03(a), and the aggregate liability of the Partnership to all Purchasers and their respective Representatives pursuant to this
Section 6.01 shall not exceed the aggregate Funding Amount of all Purchasers. No Purchaser Related Party shall be entitled to recover special, indirect, exemplary, lost profits, speculative or punitive damages under this
Section 6.01; provided, however, that such limitation shall not prevent any Purchaser Related Party from recovering under this Section 6.01 for any such damages to the extent that such damages are payable to a third
party in connection with any Third-Party Claims. 

  
 24 

 Section 6.02 Indemnification by the Purchasers. Each
Purchaser agrees, severally and not jointly, to indemnify the Partnership, the General Partner and their respective Representatives (collectively, “Partnership Related Parties”) from, all costs, losses, liabilities, damages,
or expenses of any kind or nature whatsoever, and hold each of them harmless against, any and all actions, suits, proceedings (including any investigations, litigation or inquiries), demands, and causes of action, and, in connection therewith,
promptly upon demand, pay or reimburse each of them for all costs, losses, liabilities, damages, or expenses of any kind or nature whatsoever (including the reasonable fees and disbursements of counsel and all other reasonable expenses incurred in
connection with investigating, defending or preparing to defend any such matter that may be incurred by them or asserted against or involve any of them), whether or not involving a Third-Party Claim, as a result of, arising out of, or in any way
related to (a) the failure of any of the representations or warranties made by such Purchaser contained herein to be true and correct in all material respects as of the date made (except to the extent any representation or warranty includes the
word “material,” Material Adverse Effect or words of similar import, with respect to which such representation or warranty, or applicable portions thereof, must have been true and correct in all respects) or (b) the breach of any of
the covenants or obligations of any such Purchaser contained herein (including failure to deliver payment pursuant to such Purchaser’s Funding Amount); provided that, in the case of the immediately preceding clause (a), such
claim for indemnification relating to a breach of any representation or warranty is made prior to the expiration of the survival period of such representation or warranty; and provided, further, that for purposes of determining when an
indemnification claim has been made, the date upon which a Partnership Related Party shall have given notice (stating in reasonable detail the basis of the claim for indemnification) to such Purchaser shall constitute the date upon which such claim
has been made; and provided, further, that the liability of any Purchaser shall not be greater in amount than the sum of such Purchaser’s Funding Amount plus any distributions paid to such Purchaser with respect to the
Series A Preferred Units. No Partnership Related Party shall be entitled to recover special, indirect, exemplary, lost profits, speculative or punitive damages under this Section 6.02; provided, however, that
such limitation shall not prevent any Partnership Related Party from recovering under this Section 6.02 for any such damages to the extent that such damages are payable to a third party in connection with any Third-Party Claims.

 Section 6.03 Indemnification Procedure. 

(a) A claim for indemnification for any matter not involving a Third-Party Claim may be asserted by notice to the party from whom
indemnification is sought; provided, however, that failure to so notify the Indemnifying Party shall not preclude the Indemnified Party from any indemnification which it may claim in accordance with this Article VI,
except as otherwise provided in Section 6.01 and Section 6.02. 
 (b) Promptly after any
Partnership Related Party or Purchaser Related Party (hereinafter, the “Indemnified Party”) has received notice of any indemnifiable claim hereunder, or the commencement of any action, suit or proceeding by a third person,
which the Indemnified Party believes in good faith is an indemnifiable claim under this Agreement (each a “Third-Party Claim”), the Indemnified Party shall give the indemnitor hereunder (the “Indemnifying
Party”)  

  
 25 

 
written notice of such Third-Party Claim, but failure to so notify the Indemnifying Party will not relieve the Indemnifying Party from any liability it may have to such Indemnified Party
hereunder except to the extent that the Indemnifying Party is materially prejudiced by such failure. Such notice shall state the nature and the basis of such Third-Party Claim to the extent then known. The Indemnifying Party shall have the right to
defend and settle, at its own expense and by its own counsel who shall be reasonably acceptable to the Indemnified Party, any such matter as long as the Indemnifying Party pursues the same diligently and in good faith. If the Indemnifying Party
undertakes to defend or settle, it shall promptly, and in no event later than 10 days, notify the Indemnified Party of its intention to do so, and the Indemnified Party shall cooperate with the Indemnifying Party and its counsel in all
commercially reasonable respects in the defense thereof and the settlement thereof. Such cooperation shall include, but shall not be limited to, furnishing the Indemnifying Party with any books, records and other information reasonably requested by
the Indemnifying Party and in the Indemnified Party’s possession or control. Such cooperation of the Indemnified Party shall be at the cost of the Indemnifying Party. After the Indemnifying Party has notified the Indemnified Party of its
intention to undertake to defend or settle any such asserted liability, and for so long as the Indemnifying Party diligently pursues such defense, the Indemnifying Party shall not be liable for any additional legal expenses incurred by the
Indemnified Party in connection with any defense or settlement of such asserted liability; provided, however, that the Indemnified Party shall be entitled (i) at its expense, to participate in the defense of such asserted
liability and the negotiations of the settlement thereof and (ii) if (A) the Indemnifying Party has, within 10 Business Days of when the Indemnified Party provides written notice of a Third-Party Claim, failed (1) to assume the
defense or employ counsel reasonably acceptable to the Indemnified Party or (2) to notify the Indemnified Party of such assumption or (B) if the defendants in any such action include both the Indemnified Party and the Indemnifying Party
and counsel to the Indemnified Party shall have concluded that there may be reasonable defenses available to the Indemnified Party that are different from or in addition to those available to the Indemnifying Party or if the interests of the
Indemnified Party reasonably may be deemed to conflict with the interests of the Indemnifying Party, then the Indemnified Party shall have the right to select a separate counsel and to assume such legal defense and otherwise to participate in the
defense of such action, with the expenses and fees of such separate counsel and other expenses related to such participation to be reimbursed by the Indemnifying Party as incurred. Notwithstanding any other provision of this Agreement, the
Indemnifying Party shall not settle any indemnified claim without the consent of the Indemnified Party, unless the settlement thereof imposes no liability or obligation on, and includes a complete release from liability of, and does not include any
admission of wrongdoing or malfeasance by, the Indemnified Party. 
 Section 6.04 Tax Treatment of Indemnification
Payments. All indemnification payments under this Article VI shall be treated as adjustments to the applicable Purchaser’s Funding Amount for all Tax purposes except as otherwise required by applicable Law. 

ARTICLE VII 

MISCELLANEOUS 
 Section
7.01 Expenses. All costs and expenses, including fees and disbursements of counsel, financial advisors and accountants, incurred in connection with the Transaction Documents and the transactions contemplated thereby shall be paid
by the party incurring such 

  
 26 

 
costs and expenses; provided, the Partnership shall reimburse the Purchasers for reasonable out-of-pocket fees and
expenses (including legal fees and expenses) incurred not to exceed $150,000 in the aggregate in connection with the Transaction Documents and the transactions contemplated thereby. 

Section 7.02 Interpretation. Article, Section, Schedule and Exhibit references in this Agreement are
references to the corresponding Article, Section, Schedule or Exhibit to this Agreement, unless otherwise specified. All Exhibits and Schedules to this Agreement are hereby incorporated and made a part hereof as if set forth in full herein and are
an integral part of this Agreement. All references to instruments, documents, Contracts and agreements are references to such instruments, documents, Contracts and agreements as the same may be amended, supplemented and otherwise modified from time
to time, unless otherwise specified. The word “including” shall mean “including but not limited to” and shall not be construed to limit any general statement that it follows to the specific or similar items or matters immediately
following it. Whenever the Partnership has an obligation under the Transaction Documents, the expense of complying with that obligation shall be an expense of the Partnership unless otherwise specified. Any reference in this Agreement to
“$” shall mean U.S. dollars. Whenever any determination, consent or approval is to be made or given by a Purchaser, such action shall be in such Purchaser’s sole discretion, unless otherwise specified in this Agreement. If any
provision in the Transaction Documents is held to be illegal, invalid, not binding or unenforceable, (a) such provision shall be fully severable and the Transaction Documents shall be construed and enforced as if such illegal, invalid, not
binding or unenforceable provision had never comprised a part of the Transaction Documents, and the remaining provisions shall remain in full force and effect, and (b) the parties hereto shall negotiate in good faith to modify the Transaction
Documents so as to effect the original intent of the parties as closely as possible in an acceptable manner in order that the transactions contemplated hereby are consummated as originally contemplated to the greatest extent possible. When
calculating the period of time before which, within which or following which any act is to be done or step taken pursuant to the Transaction Documents, the date that is the reference date in calculating such period shall be excluded. If the last day
of such period is not a Business Day, the period in question shall end on the next succeeding Business Day. Any words imparting the singular number only shall include the plural and vice versa. The words such as “herein,”
“hereinafter,” “hereof” and “hereunder” refer to this Agreement as a whole and not merely to a subdivision in which such words appear unless the context otherwise requires. The provision of a Table of Contents, the
division of this Agreement into Articles, Sections and other subdivisions and the insertion of headings are for convenience of reference only and shall not affect or be utilized in construing or interpreting this Agreement. 

Section 7.03 Survival of Provisions. The representations and warranties set forth in Section 3.01,
Section 3.02, Section 3.03, Section 3.13, Section 3.16, Section 3.18, Section 4.01, Section 4.02, Section 4.04, Section 4.05(a),
Section 4.05(b) and Section 4.05(e) hereunder shall survive the execution and delivery of this Agreement indefinitely, the representations and warranties set forth in Section 3.27 shall survive until 60 days
after the applicable statute of limitations (taking into account any extensions thereof) and the other representations and warranties set forth herein shall survive for a period of 12 months following the Closing Date, regardless of any
investigation made by or on behalf of the Partnership or the Purchasers. The covenants made in this Agreement or any other Transaction Document shall survive the Closing 

  
 27 

 
and remain operative and in full force and effect regardless of acceptance of any of the Series A Preferred Units and payment therefor and repayment, conversion or repurchase thereof.
Regardless of any purported general termination of this Agreement, the provisions of Article VI and all indemnification rights and obligations thereunder and this Article VII shall remain operative and in full force and
effect, unless the applicable parties execute a writing that expressly (with specific references to the applicable Section or subsection of this Agreement) terminates such rights and obligations. 

Section 7.04 No Waiver: Modifications in Writing. 

(a) Delay. No failure or delay on the part of any party in exercising any right, power or remedy hereunder shall operate as a waiver
thereof, nor shall any single or partial exercise of any such right, power or remedy preclude any other or further exercise thereof or the exercise of any other right, power or remedy. The remedies provided for herein are cumulative and are not
exclusive of any remedies that may be available to a party at law or in equity or otherwise. 
 (b) Specific Waiver. Except as
otherwise provided herein, no amendment, waiver, consent, modification or termination of any provision of any Transaction Document (except in the case of the Partnership Agreement for amendments adopted pursuant to the provisions thereof) shall be
effective unless signed by each of the parties thereto affected by such amendment, waiver, consent, modification or termination. Any amendment, supplement or modification of or to any provision of any Transaction Document, any waiver of any
provision of any Transaction Document and any consent to any departure by the Partnership from the terms of any provision of any Transaction Document shall be effective only in the specific instance and for the specific purpose for which made or
given. Except where notice is specifically required by this Agreement, no notice to or demand on the Partnership in any case shall entitle the Partnership to any other or further notice or demand in similar or other circumstances. Any investigation
by or on behalf of any party shall not be deemed to constitute a waiver by the party taking such action of compliance with any representation, warranty, covenant or agreement contained herein. 

Section 7.05 Binding Effect; Assignment. This Agreement shall be binding upon the parties hereto and
their respective successors and permitted assigns. Except as expressly provided in this Agreement, this Agreement shall not be construed so as to confer any right or benefit upon any Person other than the parties to this Agreement and their
respective successors and permitted assigns. 
 Section 7.06
Non-Disclosure. 
 (a) Other than in filings made by the Partnership with the SEC,
the Partnership and any of its Representatives may disclose the identity of, or any other information concerning, the Purchasers or any of their respective Affiliates only after providing the Purchasers a reasonable opportunity to review and comment
on such disclosure (with such comments being incorporated or reflected, to the extent reasonable, in any such disclosure); provided, however, that nothing in this Section 7.06 shall delay any required filing
or other disclosure with the NYSE or any Governmental Authority or otherwise hinder the Partnership Entities’ or their Representatives’ ability to timely comply with all Laws or rules and regulations of the NYSE or other Governmental
Authority. 

  
 28 

 (b) Except as described in Section 7.06(a) or as otherwise
required by law, prior to making any public statements or issuing any press releases with respect to the transactions contemplated by the Transaction Documents, each party will consult with the other parties hereto and consider in good faith any
comments provided by such other parties; provided that no party will make any public statement or issue any press release that attributes comments to any other party or that indicates the approval of any other party of the contents of any
such public statement or press release (or portion thereof) without the prior written approval of the other parties hereto unless otherwise required by law. 

Section 7.07 Communications. All notices and demands provided for hereunder shall be in writing and
shall be given by registered or certified mail, return receipt requested, telecopy, electronic mail, air courier guaranteeing overnight delivery or personal delivery to the following addresses: 

(a) If to the Purchasers, to the addresses set forth on Schedule A. 

(b) If to the Partnership, to: 

Enterprise Products Partners L.P. 

1100 Louisiana Street, 10th Floor 

Houston, Texas 77002 
 Attention:
General Counsel 
 Email: GeneralCounsel@eprod.com 

with a copy to (which shall not constitute notice): 

Sidley Austin LLP 
 1000 Louisiana
Street 
 Suite 5900 
 Houston,
TX 77002 
 Attention: David C. Buck 

Email: dbuck@sidley.com 
 or to such other
address as the Partnership or the Purchasers may designate in writing. All notices and communications shall be deemed to have been duly given: at the time delivered by hand, if personally delivered; upon actual receipt if sent by certified or
registered mail, return receipt requested, or regular mail, if mailed; upon actual receipt of the facsimile, if sent via facsimile; when sent, if sent by electronic mail prior to 5:00 p.m. Houston, Texas time on a Business Day, or on the next
succeeding Business Day, if not; and upon actual receipt when delivered to an air courier guaranteeing overnight delivery. 
 Section
7.08 Removal of Securities Act Restrictive Legend. In connection with a sale of any Series A Preferred Units, PIK Units or Conversion Units by a Purchaser in reliance on Rule 144, the applicable Purchaser or its broker shall
deliver to the Partnership a representation letter providing to the Partnership any information the Partnership deems necessary to determine that the sale of such Series A Preferred Units, PIK Units or Conversion Units is made in compliance with
Rule 144, including, as may be appropriate, a certification that the Purchaser is 

  
 29 

 
not an affiliate of the Partnership (as defined in Rule 144) and a certification as to the length of time the such units have been held. Upon receipt of such representation letter, the
Partnership shall promptly remove the notation of the Securities Act Restrictive Legend from the Series A Preferred Units, PIK Units or Conversion Units included in such sale as reflected in such Purchaser’s book-entry account maintained by the
Partnership, and the Partnership shall bear all costs associated with the removal of such legend in the Partnership’s books. At such time as any Series A Preferred Units, PIK Units or Conversion Units have been sold pursuant to an
effective registration statement under the Securities Act or have been held by any Purchaser for more than one year where such Purchaser is not, and has not been in the preceding three months, an affiliate of the Partnership (as defined in
Rule 144), to the extent that such securities still bear the notation of the Securities Act Restrictive Legend, the Partnership agrees, upon request of the applicable Purchaser or its permitted assignee, to take all steps necessary to promptly
effect the removal of the Securities Act Restrictive Legend from such Series A Preferred Units, PIK Units and/or Conversion Units, and the Partnership shall bear all costs associated with the removal of such legend in the Partnership’s books,
so long as such Purchaser or its permitted assignee provides to the Partnership any information the Partnership deems reasonably necessary to determine that the legend is no longer required under the Securities Act or applicable state Laws,
including (if there is no such registration statement) a certification that the holder is not an affiliate of the Partnership (as defined in Rule 144), a covenant to inform the Partnership if it should thereafter become an affiliate (as defined
in Rule 144) and to consent to the notation of an appropriate restriction, and a certification as to the length of time such units have been held. The Partnership shall cooperate with each Purchaser to effect the removal of the Securities Act
Restrictive Legend at any time such legend is no longer appropriate. 
 Section 7.09 Entire
Agreement. This Agreement, the other Transaction Documents and the other agreements and documents referred to herein are intended by the parties as a final expression of their agreement and intended to be a complete and exclusive statement
of the agreement and understanding of the parties hereto in respect of the subject matter contained herein and therein. There are no restrictions, promises, warranties or undertakings, other than those set forth or referred to in this Agreement or
the other Transaction Documents with respect to the rights granted by the Partnership or any of its Affiliates or the Purchasers or any of their respective Affiliates. This Agreement, the other Transaction Documents and the other agreements and
documents referred to herein or therein supersede all prior agreements and understandings among the parties with respect to such subject matter. 

Section 7.10 Governing Law; Submission to Jurisdiction. This Agreement, and all claims or causes of
action (whether in contract or tort) that may be based upon, arise out of or relate to this Agreement or the negotiation, execution or performance of this Agreement (including any claim or cause of action based upon, arising out of or related to any
representation or warranty made in or in connection with this Agreement), will be construed in accordance with and governed by the Laws of the State of Delaware without regard to principles of conflicts of laws. Any action against any party relating
to the foregoing shall be brought in any federal or state court of competent jurisdiction located within the State of Delaware, and the parties hereto hereby irrevocably submit to the non-exclusive
jurisdiction of any federal or state court located within the State of Delaware over any such action. The parties hereby irrevocably waive, to the fullest extent permitted by applicable Law, any objection which they may now or hereafter have to the
laying of 

  
 30 

 
venue of any such dispute brought in such court or any defense of inconvenient forum for the maintenance of such dispute. Each of the parties hereto agrees that a judgment in any such dispute may
be enforced in other jurisdictions by suit on the judgment or in any other manner provided by Law. 
 Section 7.11
Waiver of Jury Trial. THE PARTIES TO THIS AGREEMENT EACH HEREBY WAIVES, AND AGREES TO CAUSE ITS AFFILIATES TO WAIVE, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY RIGHT TO TRIAL BY JURY OF ANY CLAIM, DEMAND, ACTION OR CAUSE OF ACTION
(A) ARISING UNDER THIS AGREEMENT OR (B) IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE PARTIES HERETO IN RESPECT OF THIS AGREEMENT OR ANY OF THE TRANSACTIONS RELATED HERETO, IN EACH CASE WHETHER NOW EXISTING OR
HEREAFTER ARISING, AND WHETHER IN CONTRACT, TORT, EQUITY OR OTHERWISE. THE PARTIES TO THIS AGREEMENT EACH HEREBY AGREES AND CONSENTS THAT ANY SUCH CLAIM, DEMAND, ACTION OR CAUSE OF ACTION SHALL BE DECIDED BY COURT TRIAL WITHOUT A JURY AND THAT THE
PARTIES TO THIS AGREEMENT MAY FILE AN ORIGINAL COUNTERPART OF A COPY OF THIS AGREEMENT WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF THE PARTIES HERETO TO THE WAIVER OF THEIR RIGHT TO TRIAL BY JURY. 

Section 7.12 Exclusive Remedy. 

(a) Each party hereto hereby acknowledges and agrees that the rights of each party to consummate the transactions contemplated hereby are
special, unique and of extraordinary character and that, if any party violates or fails or refuses to perform any covenant or agreement made by it herein, the non-breaching party may be without an adequate
remedy at law. If any party violates or fails or refuses to perform any covenant or agreement made by such party herein, the non-breaching party subject to the terms hereof and in addition to any remedy at law
for damages or other relief, may institute and prosecute an action in any court of competent jurisdiction to enforce specific performance of such covenant or agreement or seek any other equitable relief. 

(b) The sole and exclusive remedy for any and all claims arising under, out of, or related to this Agreement or the transactions contemplated
hereby, shall be the rights of indemnification set forth in Article VI only, and no Person will have any other entitlement, remedy or recourse, whether in contract, tort or otherwise, it being agreed that all of such other remedies,
entitlements and recourse are expressly waived and released by the parties hereto to the fullest extent permitted by Law. Notwithstanding anything in the foregoing to the contrary, nothing in this Agreement shall limit or otherwise restrict a fraud
claim brought by any party hereto or the right to seek specific performance pursuant to Section 7.12(a). 

Section 7.13 No Recourse Against Others. 

(a) All claims, obligations, liabilities or causes of action (whether in contract or in tort, in law or in equity, or granted by statute) that
may be based upon, in respect of, arise under, out or by reason of, be connected with or relate in any manner to this Agreement, or the negotiation, execution or performance of this Agreement (including any representation or warranty made in, in
connection with, or as an inducement to, this Agreement), may be made only against (and are 

  
 31 

 
expressly limited to) the Partnership and the Purchasers. No Person other than the Partnership or the Purchasers, including no member, partner, stockholder, Affiliate or Representative thereof,
nor any member, partner, stockholder, Affiliate or Representative of any of the foregoing, shall have any liability (whether in contract or in tort, in law or in equity, or granted by statute) for any claims, causes of action, obligations or
liabilities arising under, out of, in connection with or related in any manner to this Agreement or based on, in respect of or by reason of this Agreement or its negotiation, execution, performance or breach; and, to the maximum extent permitted by
Law, each of the Partnership and the Purchasers hereby waives and releases all such liabilities, claims, causes of action and obligations against any such third Person. 

(b) Without limiting the foregoing, to the maximum extent permitted by Law, (i) each of the Partnership and the Purchasers hereby waives
and releases any and all rights, claims, demands or causes of action that may otherwise be available at law or in equity, or granted by statute, to avoid or disregard the entity form of the other or otherwise impose liability of the other on any
third Person in respect of the transactions contemplated hereby, whether granted by statute or based on theories of equity, agency, control, instrumentality, alter ego, domination, sham, single business enterprise, piercing the veil, unfairness,
undercapitalization or otherwise; and (ii) each of the Partnership and the Purchasers disclaims any reliance upon any third Person with respect to the performance of this Agreement or any representation or warranty made in, in connection with
or as an inducement to this Agreement. 
 Section 7.14 No Third-Party Beneficiaries. Except as set
forth in Article VI, nothing in this Agreement, express or implied, is intended to or shall confer upon any Person, other than the Partnership, the Purchasers and, for purposes of Section 7.13 only, any member, partner,
stockholder, Affiliate or Representative of the Partnership or the Purchasers, or any member, partner, stockholder, Affiliate or Representative of any of the foregoing, any right, benefit or remedy of any nature whatsoever under or by reason of this
Agreement. 
 Section 7.15 Execution in Counterparts. This Agreement may
be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which counterparts, when so executed and delivered, shall be deemed to be an original and all of which counterparts, taken together, shall
constitute but one and the same agreement. 
 (Signature Page Follows) 

  
 32 

 IN WITNESS WHEREOF, the parties hereto execute this Agreement, effective as of the date
first above written. 
  

					
	ENTERPRISE PRODUCTS PARTNERS L.P.
		
	By:	 	 Enterprise Products Holdings LLC,

its General Partner

		
	By:	 	 /s/ W. Randall Fowler

		 	Name:	 	W. Randall Fowler
		 	Title:	 	 Co-Chief Executive Officer and

Chief Financial Officer

 
					
	 KAYNE ANDERSON ENERGY

INFRASTRUCTURE FUND, INC.

		
	By:	 	 /s/ James C. Baker

		 	Name:	 	James C. Baker
		 	Title:	 	President and Chief Executive Officer
	
	 KAYNE ANDERSON NEXTGEN ENERGY & 

INFRASTRUCTURE, INC.

		
	By:	 	 /s/ James C. Baker

		 	Name:	 	James C. Baker
		 	Title:	 	President and Chief Executive Officer
	
	 TORTOISE DIRECT OPPORTUNITIES FUND

II, LP

		
	By:	 	Tortoise Direct Opportunities GP II LLC
	Its:	 	General Partner
		
	By:	 	 /s/ Michelle Johnston

		 	Name:	 	Michelle Johnston
		 	Title:	 	Officer
	
	 TORTOISE ESSENTIAL ASSETS INCOME

TERM FUND

		
	By:	 	Tortoise Capital Advisors, L.L.C.
	Its:	 	Investment Advisor
		
	By:	 	 /s/ Stephen Pang

		 	Name:	 	Stephen Pang
		 	Title:	 	Managing Director

 
					
	MANXOME INVESTORS L.P.
		
	By:	 	Inverwood Investors GP LLC
	Its:	 	General Partner
		
	By:	 	 /s/ Laura L. Laing

		 	Name:	 	Laura L. Liang
		 	Title:	 	Vice President

 Schedule A 

 

					
	 Purchaser and Address
	  	Series A Preferred
Closing Units	 
	 Kayne Anderson Energy Infrastructure Fund, Inc.

 
 KA Fund Advisors, LLC

811 Main Street, 14th Floor

Houston, TX 77002
 Attention: James Baker

 Terry Hart
 E-mail: jbaker@kaynecapital.com
 thart@kaynecapital.com

 
 With a copy to (which shall not constitute
notice):
  
 Vinson & Elkins
L.L.P.
 1001 Fannin St., Suite 2500

Houston, TX 77002

Attn: Doug McWilliams and Ramey Layne
	  	 	12,500	 
		
	 Kayne Anderson NextGen Energy & Infrastructure, Inc.

 
 KA Fund Advisors, LLC

811 Main Street, 14th Floor

Houston, TX 77002
 Attention: James Baker

 Terry Hart
 E-mail: jbaker@kaynecapital.com
 thart@kaynecapital.com

 
 With a copy to (which shall not constitute
notice):
  
 Vinson & Elkins
L.L.P.
 1001 Fannin St., Suite 2500

Houston, TX 77002

Attn: Doug McWilliams and Ramey Layne
	  	 	12,500	 
		
	 Tortoise Essential Assets Income Term Fund

 
 Tortoise Capital Advisors

452 Fifth Avenue, 14th Floor

New York, NY 10018
 Attention: Stephen Pang

Email: spang@tortoiseadvisors.com
	  	 	5,000	 

					
	 With a copy to (which shall not constitute notice):

 
 Vinson & Elkins L.L.P.

1001 Fannin St., Suite 2500

Houston, TX 77002

Attn: Doug McWilliams and Ramey Layne
	  			
		
	 Tortoise Direct Opportunities Fund II, LP

 
 Tortoise Capital Advisors

452 Fifth Avenue, 14th Floor

New York, NY 10018
 Attention: Stephen Pang

Email: spang@tortoiseadvisors.com
  

With a copy to (which shall not constitute notice):

 
 Vinson & Elkins L.L.P.

1001 Fannin St., Suite 2500

Houston, TX 77002

Attn: Doug McWilliams and Ramey Layne
	  	 	5,000	 
		
	 Manxome Investors L.P.

c/o Inverwood Investors GP LLC, its general partner

1100 Louisiana, 52nd Floor

Houston, TX 77002

Attn: Laura L. Liang, Vice President
  

With a copy to (which shall not constitute notice):

 
 Manxome Investors L.P.

c/o Inverwood Investors GP LLC, its general partner

1100 Louisiana, 10th Floor

Houston, TX 77002

Attn: General Counsel
	  	 	15,000	 
		  	  
	  
	 
	 TOTAL
	  	 	50,000	 
		  	  
	  
	 

 Schedule B 

Subsidiaries of the Partnership 

*Significant Partnership Entity 
  

					
	 Name of Subsidiary
	  	 Jurisdiction

of Formation
	  	 Ownership Interest Percentage (direct or indirect)

	Acadian Gas Pipeline System	  	Delaware	  	100%
	Acadian Gas, LLC	  	Delaware	  	100%
	Adamana Land Company, LLC	  	Delaware	  	100%
	Arizona Gas Storage, L.L.C.	  	Delaware	  	60%
	Baymark Pipeline LLC	  	Texas	  	70%
	Belle Rose NGL Pipeline, L.L.C.	  	Delaware	  	100%
	Belvieu Environmental Fuels GP, LLC	  	Texas	  	100%
	Belvieu Environmental Fuels LLC	  	Texas	  	100%
	Breviloba, LLC	  	Texas	  	67%
	BTA ETG Gathering LLC	  	Texas	  	100%
	BTA Gas Processing LLC	  	Texas	  	100%
	Cajun Pipeline Company, LLC	  	Texas	  	100%
	Calcasieu Gas Gathering System	  	Texas	  	100%
	Canadian Enterprise Gas Products, Ltd.	  	Alberta, Canada	  	100%
	Centennial Pipeline LLC	  	Delaware	  	50%
	Chama Gas Services, LLC	  	Delaware	  	75%
	Channelview Fleeting Services, L.L.C.	  	Texas	  	100%
	Chaparral Pipeline Company, LLC	  	Texas	  	100%
	Chunchula Pipeline Company, LLC	  	Texas	  	100%
	CTCO of Texas, LLC	  	Texas	  	100%
	Cypress Gas Marketing, LLC	  	Delaware	  	100%
	Dean Pipeline Company, LLC	  	Texas	  	100%
	Delaware Basin Gas Processing LLC	  	Delaware	  	100%
	DEP Holdings, LLC*	  	Delaware	  	100%
	DEP Offshore Port System, LLC	  	Texas	  	100%
	Dixie Pipeline Company LLC	  	Delaware	  	100%

  
 Schedule B 

					
	 Name of Subsidiary
	  	 Jurisdiction

of Formation
	  	 Ownership Interest Percentage (direct or indirect)

					
	Duncan Energy Partners L.P.*	  	Delaware	  	100%
	Eagle Ford Pipeline LLC	  	Delaware	  	50%
	Eagle Ford Terminals Corpus Christi LLC	  	Delaware	  	50%
	EFS Midstream LLC	  	Delaware	  	100%
	EF Terminals Corpus Christi LLC	  	Delaware	  	100%
	Electra Shipyard Services LLC	  	Texas	  	100%
	Electric E Power Marketing LLC	  	Texas	  	100%
	Energy Ventures, LLC	  	Colorado	  	100%
	Enterprise Acquisition Holdings LLC	  	Delaware	  	100%
	Enterprise Appelt, LLC	  	Texas	  	100%
	Enterprise Arizona Gas, LLC	  	Delaware	  	100%
	Enterprise Crude GP LLC	  	Delaware	  	100%
	Enterprise Crude Oil LLC	  	Texas	  	100%
	Enterprise Crude Pipeline LLC	  	Texas	  	100%
	Enterprise Crude Terminals and Storage LLC	  	Texas	  	100%
	Enterprise Custom Marketing LLC	  	Delaware	  	100%
	Enterprise EF78 LLC	  	Delaware	  	75%
	Enterprise Field Services, LLC	  	Texas	  	100%
	Enterprise Field Services (Offshore) LLC	  	Texas	  	100%
	Enterprise Fractionation, LLC	  	Delaware	  	100%
	Enterprise Gas Liquids LLC	  	Texas	  	100%
	Enterprise Gas Processing, LLC	  	Delaware	  	100%
	Enterprise Gathering II LLC	  	Delaware	  	100%
	Enterprise Gathering LLC	  	Delaware	  	100%
	Enterprise GC LLC	  	Texas	  	100%
	Enterprise GP LLC*	  	Delaware	  	100%
	Enterprise GTM Hattiesburg Storage, LLC	  	Delaware	  	100%
	Enterprise GTM Holdings L.P.*	  	Delaware	  	100%
	Enterprise GTMGP, LLC*	  	Delaware	  	100%
	Enterprise Houston Ship Channel GP, LLC*	  	Texas	  	100%
	Enterprise Houston Ship Channel, L.P.*	  	Texas	  	100%
	Enterprise Hydrocarbons L.P.	  	Delaware	  	100%
	Enterprise Interstate Crude LLC	  	Texas	  	100%
	Enterprise Intrastate LLC	  	Delaware	  	100%
	Enterprise Jonah Gas Gathering Company LLC	  	Delaware	  	100%

					
	 Name of Subsidiary
	  	 Jurisdiction

of Formation
	  	 Ownership Interest Percentage (direct or indirect)

					
	Enterprise Logistic Services LLC	  	Texas	  	100%
	Enterprise Lou-Tex NGL Pipeline L.P.	  	Texas	  	100%
	Enterprise Lou-Tex Propylene Pipeline LLC	  	Texas	  	100%
	Enterprise Louisiana Pipeline LLC	  	Texas	  	100%
	Enterprise Marine Services LLC	  	Delaware	  	100%
	Enterprise Midstream Companies LLC	  	Texas	  	100%
	Enterprise Mont Belvieu Program Company	  	Texas	  	100%
	Enterprise Natural Gas Pipeline LLC	  	Delaware	  	100%
	Enterprise Navigator Ethylene Terminal LLC	  	Texas	  	50%
	Enterprise New Mexico Ventures, LLC	  	Delaware	  	100%
	Enterprise NGL Pipelines II LLC	  	Delaware	  	100%
	Enterprise NGL Pipelines, LLC	  	Delaware	  	100%
	Enterprise NGL Private Lines & Storage, LLC	  	Delaware	  	100%
	Enterprise Offshore Port System, LLC	  	Texas	  	100%
	Enterprise Pathfinder, LLC	  	Delaware	  	100%
	Enterprise Pelican Pipeline L.P.	  	Texas	  	100%
	Enterprise Plevna Marketing LLC	  	Delaware	  	100%
	Enterprise Products BBCT LLC	  	Texas	  	100%
	Enterprise Products Marketing Company LLC	  	Texas	  	100%
	Enterprise Products OLPGP, Inc.	  	Delaware	  	100%
	Enterprise Products Operating LLC*	  	Texas	  	100%
	Enterprise Products Pipeline Company LLC*	  	Delaware	  	100%
	Enterprise Products Texas Operating LLC	  	Texas	  	100%
	Enterprise Propane Terminals and Storage, LLC	  	Delaware	  	100%
	Enterprise Refined Products Company LLC	  	Delaware	  	100%
	 Enterprise Refined Products Marketing
 Company
LLC
	  	Delaware	  	100%
	Enterprise Sage Marketing LLC	  	Delaware	  	100%
	Enterprise Seaway L.P.	  	Delaware	  	100%
	Enterprise TE Investments LLC	  	Delaware	  	100%
	Enterprise TE Partners L.P.*	  	Delaware	  	100%
	Enterprise TE Products Pipeline Company LLC	  	Texas	  	100%
	Enterprise Terminaling Services GP, LLC*	  	Delaware	  	100%
	Enterprise Terminaling Services, L.P.*	  	Delaware	  	100%
	Enterprise Terminalling LLC	  	Texas	  	100%
	Enterprise Terminals & Storage, LLC	  	Delaware	  	100%
	Enterprise Texas Pipeline LLC	  	Texas	  	100%

					
	 Name of Subsidiary
	  	 Jurisdiction

of Formation
	  	 Ownership Interest Percentage (direct or indirect)

					
	Enterprise White River Hub, LLC	  	Delaware	  	100%
	Evangeline Gas Corp.	  	Delaware	  	100%
	Evangeline Gulf Coast Gas, LLC	  	Delaware	  	100%
	Groves RGP Pipeline LLC	  	Texas	  	100%
	HSC Pipeline Partnership, LLC	  	Texas	  	100%
	JMRS Transport Services, Inc.	  	Delaware	  	100%
	K/D/S Promix, L.L.C.	  	Delaware	  	50%
	La Porte Pipeline Company, L.P.	  	Texas	  	80.24%
	La Porte Pipeline GP, L.L.C.	  	Delaware	  	80.04%
	Leveret Pipeline Company LLC	  	Texas	  	100%
	M2E3 LLC	  	Texas	  	100%
	M2E4 LLC	  	Texas	  	100%
	Mapletree, LLC	  	Delaware	  	100%
	MCN Acadian Gas Pipeline, LLC	  	Delaware	  	100%
	MCN Pelican Interstate Gas, LLC	  	Delaware	  	100%
	Mid-America Pipeline Company, LLC	  	Texas	  	100%
	Mont Belvieu Caverns, LLC	  	Delaware	  	100%
	Neches Pipeline System	  	Delaware	  	100%
	Norco-Taft Pipeline, LLC	  	Delaware	  	100%
	OTA Holdings, Inc.*	  	Delaware	  	100%
	Old Ocean Pipeline, LLC	  	Texas	  	50%
	Olefins Terminal LLC	  	Delaware	  	100%
	Panola Pipeline Company, LLC	  	Texas	  	55%
	Pascagoula Gas Processing LLC	  	Texas	  	75%
	Pontchartrain Natural Gas System	  	Texas	  	100%
	Port Neches GP LLC	  	Texas	  	100%
	Port Neches Pipeline LLC	  	Texas	  	100%
	QP-LS, LLC	  	Wyoming	  	100%
	Quanah Pipeline Company, LLC	  	Texas	  	100%
	Rio Grande Pipeline Company LLC	  	Texas	  	100%
	Sabine Propylene Pipeline LLC	  	Texas	  	100%
	Seaway Crude Holdings LLC	  	Delaware	  	50%
	Seaway Crude Pipeline Company LLC	  	Delaware	  	100%
	Seaway Intrastate LLC	  	Delaware	  	100%
	Seaway Marine LLC	  	Delaware	  	100%
	Seminole Pipeline Company LLC	  	Delaware	  	100%
	Skelly-Belvieu Pipeline Company, L.L.C.	  	Delaware	  	50%
	Sorrento Pipeline Company, LLC	  	Texas	  	100%
	South Texas NGL Pipelines, LLC	  	Delaware	  	100%
	SPOT Terminal Operating LLC	  	Texas	  	100%
	SPOT Terminal Services LLC	  	Texas	  	100%
	Tarpon Land Holdings LLC	  	Texas	  	100%
	TCTM, L.P.*	  	Delaware	  	100%
	TECO Gas Gathering LLC	  	Delaware	  	100%
	TECO Gas Processing LLC	  	Delaware	  	100%
	Tejas-Magnolia Energy, LLC	  	Delaware	  	100%

					
	TEPPCO O/S Port System, LLC	  	Texas	  	100%
	Tri-States NGL Pipeline, L.L.C.	  	Delaware	  	83.3%
	TXO-Acadian Gas Pipeline, LLC	  	Delaware	  	100%
	Whitethorn Pipeline Company LLC	  	Texas	  	80%
	White River Hub, LLC	  	Delaware	  	50%
	Wilcox Pipeline Company, LLC	  	Texas	  	100%
	Wilprise Pipeline Company, L.L.C.	  	Delaware	  	74.7%

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00314-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00314-of-00352.parquet"}]]