Document:

exv10w47

EXHIBIT NO. 10.47

REGISTRATION RIGHTS AGREEMENT

     This Registration Rights Agreement (“Agreement”), dated August 19, 2011, is made by and
between UFOOD RESTAURANT GROUP, INC. a Nevada corporation (“Company”), and SOUTHRIDGE PARTNERS II,
LP, a Delaware limited partnership (the “Investor”).

RECITALS

     WHEREAS, upon the terms and subject to the conditions of the Equity Purchase Agreement
(“Purchase Agreement”), between the Investor and the Company, the Company has agreed to issue and
sell to the Investor shares (the “Put Shares”) of its common stock, par value $0.001 per share (the
“Common Stock”) from time to time for an aggregate investment price of up to Three Million Dollars
($3,000,000) (the “Registrable Securities”); and

     WHEREAS, to induce the Investor to execute and deliver the Purchase Agreement, the Company has
agreed to provide certain registration rights under the Securities Act of 1933, as amended, and the
rules and regulations thereunder, or any similar successor statute (collectively, “Securities
Act”), and applicable state securities laws with respect to the Registrable Securities;

     NOW, THEREFORE, in consideration of the premises and the mutual covenants contained herein and
other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the Company and the Investor hereby agree as follows:

1. Definitions.

     (a) As used in this Agreement, the following terms shall have the following meaning:

     (i) “Subscription Date” means the date of this Agreement.

     (ii) “Investor” has the meaning set forth in the preamble to this Agreement.

     (iii) “Register,” “registered” and “registration” refer to a registration effected by
preparing and filing a Registration Statement or Statements in compliance with the Securities Act
and pursuant to Rule 415 under the Securities Act or any successor rule providing for offering
securities on a delayed or continuous basis (“Rule 415”), and the declaration or ordering of
effectiveness of such Registration Statement by the United States Securities and Exchange
Commission (the “SEC”).

     (iv) “Registrable Securities” will have the same meaning as set forth in the Purchase
Agreement.

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     (v) “Registration Statement” means the Company’s registration statement on Form S-1, or any
similar registration statement of the Company filed with SEC under the Securities Act with respect
to the Registrable Securities.

     (vi) “EDGAR” means the SEC’s Electronic Data Gathering, Analysis and Retrieval System.

     (b) Capitalized terms used herein and not otherwise defined herein shall have the respective
meanings set forth in the Purchase Agreement.

2. [RESERVED]

3. Obligation of the Company. In connection with the registration of the Registrable
Securities, the Company shall do each of the following:

          (a) Prepare promptly and file with the SEC within thirty (30) days after the date hereof, a
Registration Statement with respect to not less than 20,000,000 of Registrable Securities, and
thereafter use all commercially reasonable efforts to cause such Registration Statement relating to
the Registrable Securities to become effective within five (5) business days after notice from the
Securities and Exchange Commission that such Registration Statement may be declared effective, and
keep the Registration Statement effective at all times until the earliest of (i) the date that is
three months after the completion of the last Closing Date under the Purchase Agreement, (ii) the
date when the Investor may sell all Registrable Securities under Rule 144 without volume
limitations, or (iii) the date the Investor no longer owns any of the Registrable Securities
(collectively, the “Registration Period”), which Registration Statement (including any amendments
or supplements, thereto and prospectuses contained therein) shall not contain any 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, in the light of the circumstances under which they were made, not
misleading;

          (b) Prepare and file with the SEC such amendments (including post-effective amendments) and
supplements to the Registration Statement and the prospectus used in connection with the
Registration Statement as may be necessary to keep the Registration Statement effective at all
times during the Registration Period, and to comply with the provisions of the Securities Act with
respect to the disposition of all Registrable Securities of the Company covered by the Registration
Statement until the expiration of the Registration Period.

          (c) With respect to the Registrable Securities, permit counsel designated by Investor to
review the Registration Statement and all amendments and supplements thereto a reasonable period of
time (but not less than two (2) business days) prior to their filing with the SEC, and not file any
document in a form to which such counsel reasonably objects.

          (d) As promptly as practicable after becoming aware of the following facts, the Company shall
notify Investor and Investor’s legal counsel identified to the Company and (if

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requested by any such person) confirm such notice in writing no later than one (1) business
day thereafter (i): (A) when a prospectus or any prospectus supplement or post-effective amendment
to the Registration Statement is filed; (B) with respect to the Registration Statement or any
post-effective amendment, when the same has become effective; (ii) of the issuance by the SEC of
any stop order suspending the effectiveness of the Registration Statement covering any or all of
the Registrable Securities or the initiation of any proceedings for that purpose; and (iii) of the
receipt by the Company of any notification with respect to the suspension of the qualification or
exemption from qualification of any of the Registrable Securities for sale in any jurisdiction, or
the initiation or threatening of any proceeding for such purpose.

          (e) Unless available to the Investor without charge through EDGAR, the SEC’s website or the
Company’s website, furnish to Investor, promptly after the same is prepared and publicly
distributed, filed with the SEC, or received by the Company, one (1) copy of the Registration
Statement, each preliminary prospectus and the prospectus, and each amendment or supplement
thereto;

          (f) Use all commercially reasonable efforts to (i) register and/or qualify the Registrable
Securities covered by the Registration Statement under such other securities or blue sky laws of
such jurisdictions as the Investor may reasonably request and in which significant volumes of
shares of Common Stock are traded, (ii) prepare and file in those jurisdictions such amendments
(including post-effective amendments) and supplements to such registrations and qualifications as
may be necessary to maintain the effectiveness thereof at all times during the Registration Period,
(iii) take such other actions as may be necessary to maintain such registrations and qualification
in effect at all times during the Registration Period, and (iv) take all other actions reasonably
necessary or advisable to qualify the Registrable Securities for sale in such jurisdictions:
provided, however, that the Company shall not be required in connection therewith or as a condition
thereto to (A) qualify to do business in any jurisdiction where it would not otherwise be required
to qualify but for this Section 3(f), (B) subject itself to general taxation in any such
jurisdiction, (C) file a general consent to service of process in any such jurisdiction, (D)
provide any undertakings that cause more than nominal expense or burden to the Company or (E) make
any change in its charter or by-laws or any then existing contracts, which in each case the Board
of Directors of the Company determines to be contrary to the best interests of the Company and its
stockholders;

          (g) As promptly as practicable after becoming aware of such event, notify the Investor of the
happening of any event of which the Company has knowledge, as a result of which the prospectus
included in the Registration Statement, as then in effect, includes any untrue statement of a
material fact or omits to state a material fact required to be stated therein or necessary to make
the statements therein, in the light of the circumstances under which they were made, not
misleading (“Registration Default”), and promptly prepare a supplement or amendment to the
Registration Statement or other appropriate filing with the SEC to correct such untrue statement or
omission, and take any other commercially reasonable steps to cure the Registration Default, and,
unless available to the Investor without charge through EDGAR, the

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SEC’s website or the Company’s website, deliver a number of copies of such supplement or
amendment to the Investor as the Investor may reasonably request.

          (h) [INTENTIONALLY OMITTED];

          (i) Use its commercially reasonable efforts, if eligible, either to (i) cause all the
Registrable Securities covered by the Registration Statement to be listed on a national securities
exchange and on each additional national securities exchange on which securities of the same class
or series issued by the Company are then listed, if any, if the listing of such Registrable
Securities is then permitted under the rules of such exchange, or (ii) secure designation of all
the Registrable Securities covered by the Registration Statement as a National Association of
Securities Dealers Automated Quotations System (“Nasdaq”) security within the meaning of Rule
11Aa2-1 of the SEC under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and
the quotation of the Registrable Securities on the Nasdaq Capital Market; or if, despite the
Company’s commercially reasonable efforts to satisfy the preceding clause (i) or (ii), the Company
is unsuccessful in doing so, to use its commercially reasonable efforts to secure authorization of
the Financial Industry Regulatory Authority (“FINRA”) and quotation for such Registrable Securities
on the over-the-counter bulletin board and, without limiting the generality of the foregoing;

          (j) Provide a transfer agent for the Registrable Securities not later than the Subscription
Date under the Purchase Agreement;

          (k) Cooperate with the Investor to facilitate the timely preparation and delivery of
certificates for the Registrable Securities to be offered pursuant to the Registration Statement
and enable such certificates for the Registrable Securities to be in such denominations or amounts
as the case may be, as the Investor may reasonably request and registration in such names as the
Investor may request; and, within five (5) business days after a Registration Statement which
includes Registrable Securities is ordered effective by the SEC, the Company shall deliver, and
shall cause legal counsel selected by the Company to deliver, to the transfer agent for the
Registrable Securities (with copies to the Investor) an appropriate instruction and opinion of such
counsel, if so required by the Company’s transfer agent; and

          (l) Take all other commercially reasonable actions necessary to expedite and facilitate
distribution to the Investor of the Registrable Securities pursuant to the Registration Statement.

     4. Obligations of the Investor. In connection with the registration of the Registrable
Securities, the Investor shall have the following obligations;

          (a) It shall be a condition precedent to the obligations of the Company to complete the
registration pursuant to this Agreement with respect to the Registrable Securities of the Investor
that the Investor shall timely furnish to the Company such information regarding itself, the
Registrable Securities held by it, and the intended method of disposition of the

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Registrable Securities held by it, as shall be reasonably required to effect the registration
of such Registrable Securities and shall timely execute such documents in connection with such
registration as the Company may reasonably request.

          (b) The Investor by such Investor’s acceptance of the Registrable Securities agrees to
cooperate with the Company as reasonably requested by the Company in connection with the
preparation and filing of the Registration Statement hereunder; and

          (c) The Investor agrees that, upon receipt of any notice from the Company of the happening of
any event of the kind described in Section 3(d)(ii) or (iii) or 3(g) above, the Investor will
immediately discontinue disposition of Registrable Securities pursuant to the Registration
Statement covering such Registrable Securities until the Investor receives the copies of the
supplemented or amended prospectus contemplated by Section 3(d)(ii) or (iii) or 3(g) and, if so
directed by the Company, the Investor shall deliver to the Company (at the expense of the Company)
or destroy (and deliver to the Company a certificate of destruction) all copies in the Investor’s
possession, of the prospectus covering such Registrable Securities current at the time of receipt
of such notice.

     5. Expenses of Registration. All reasonable expenses incurred in connection with
registrations, filings or qualifications pursuant to Section 3, including, without
limitation, all registration, listing, and qualifications fees, printers and accounting fees, the
fees and disbursements of counsel for the Company shall be borne by the Company.

     6. Indemnification. After Registrable Securities are included in a Registration Statement
under this Agreement:

          (a) To the extent permitted by law, the Company will indemnify and hold harmless, the
Investor, the directors, if any, of such Investor, the officers, if any, of such Investor, each
person, if any, who controls the Investor within the meaning of the Securities Act or the Exchange
Act (each, an “Indemnified Person”), against any losses, claims, damages, liabilities or expenses
(joint or several) incurred (collectively, “Claims”) to which any of them may become subject under
the Securities Act, the Exchange Act or otherwise, insofar as such Claims (or actions or
proceedings, whether commenced or threatened, in respect thereof) arise out of or are based upon:
(i) any untrue statement or alleged untrue statement of a material fact contained in the
Registration Statement or any post-effective amendment thereof or the omission or alleged omission
to state therein a material fact required to be stated therein or necessary to make the statements
therein not misleading, (ii) any untrue statement or alleged untrue statement of a material fact
contained in any preliminary prospectus or contained in the final prospectus (as amended or
supplemented, if the Company files any amendment thereof or supplement thereto with the SEC) or the
omission or alleged omission to state therein any material fact necessary to make the statements
made therein, in the light of the circumstances under which the statements therein were made, not
misleading or (iii) any violation or alleged violation by the Company of

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the Securities Act, the Exchange Act, any state securities law or any rule or regulation under
the Securities Act, the Exchange Act or any state securities law (the matters in the foregoing
clauses (i) through (iii) being collectively referred to as “Violations”). Subject to Section
6(b) hereof, the Company shall reimburse the Investor, promptly as such expenses are incurred and
are due and payable, for any reasonable legal fees or other reasonable expenses incurred by them in
connection with investigating or defending any such Claim. Notwithstanding anything to the
contrary contained herein, the indemnification agreement contained in this Section 6(a) shall not
(i) apply to any Claims arising out of or based upon a Violation which occurs in reliance upon and
in conformity with information furnished in writing to the Company by or on behalf of any
Indemnified Person expressly for use in connection with the preparation of the Registration
Statement or any such amendment thereof or supplement thereto, if such prospectus was timely made
available by the Company pursuant to Section 3(b) hereof; (ii) with respect to any preliminary
prospectus, inure to the benefit of any such person from whom the person asserting any such Claim
purchased the Registrable Securities that are the subject thereof (or to the benefit of any person
controlling such person) if the untrue statement or omission of material fact contained in the
preliminary prospectus was corrected in the prospectus, as then amended or supplemented, if such
prospectus was timely made available by the Company pursuant to Section 3(b) hereof; (iii) be
available to the extent such Claim is based on a failure of the Investor to deliver or cause to be
delivered the prospectus made available by the Company; or (iv) apply to amounts paid in settlement
of any Claim if such settlement is effected without the prior written consent of the Company,
which consent shall not be unreasonably withheld. The Investor will indemnify the Company, its
officers, directors and agents (including legal counsel) against any claims arising out of or based
upon a Violation which occurs in reliance upon and in conformity with information furnished in
writing to the Company, by or on behalf of the Investor, expressly for use in connection with the
preparation of the Registration Statement, subject to such limitations and conditions set forth in
the previous sentence.

          (b) Promptly after receipt by an Indemnified Person under this Section 6 of notice of the
commencement of any action (including any governmental action), such Indemnified Person shall, if a
Claim in respect thereof is to be made against any indemnifying party under this Section 6, deliver
to the indemnifying party a written notice of the commencement thereof and the indemnifying party
shall have the right to participate in, and, to the extent the indemnifying party so desires,
jointly with any other indemnifying party similarly noticed, to assume control of the defense
thereof with counsel mutually satisfactory to the indemnifying party and the Indemnified Person, as
the case may be; provided, however, that an Indemnified Person shall have the right to
retain its own counsel with the reasonable fees and expenses to be paid by the indemnifying party,
if, in the reasonable opinion of counsel retained by the indemnifying party, the representation by
such counsel of the Indemnified Person and the indemnifying party would be inappropriate due to
actual or potential differing interests between such Indemnified Person and any other party
represented by such counsel in such proceeding. In such event, the Company shall pay for only one
separate legal counsel for the Investor selected by the Investor. The failure to deliver written
notice to the indemnifying party within a reasonable time of the commencement of any such action
shall not relieve such indemnifying party of any liability to the Indemnified Person under this
Section 6, except to the extent that the

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indemnifying party is prejudiced in its ability to defend such action. The indemnification
required by this Section 6 shall be made by periodic payments of the amount thereof during the
course of the investigation or defense, as such expense, loss, damage or liability is incurred and
is due and payable.

     7. Contribution. To the extent any indemnification by an indemnifying party is prohibited or
limited by law, the indemnifying party agrees to make the maximum contribution with respect to any
amounts for which it would otherwise be liable under Section 6 to the fullest extent permitted by
law; provided, however, that (a) no contribution shall be made under circumstances where the maker
would not have been liable for indemnification under the fault standards set forth in Section 6;
(b) no seller of Registrable Securities guilty of fraudulent misrepresentation (within the meaning
of Section 11(f) of the Securities Act) shall be entitled to contribution from any seller of
Registrable Securities who was not guilty of such fraudulent misrepresentation; and (c)
contribution by any seller of Registrable Securities shall be limited in amount to the net amount
of proceeds received by such seller from the sale of such Registrable Securities.

     8. Reports under Exchange Act. With a view to making available to the Investor the benefits
of Rule 144 promulgated under the Securities Act or any other similar rule or regulation of the SEC
that may at any time permit the Investor to sell securities of the Company to the public without
registration (“Rule 144”), the Company agrees to use its commercially reasonable efforts to:

          (a) make and keep public information available, as those terms are understood and defined in
Rule 144;

          (b) file with the SEC in a timely manner all reports and other documents required of the
Company under the Securities Act for so long as the Company remains subject to such requirements,
and the filing of such reports is required for sales under Rule 144;

          (c) furnish to the Investor so long as the Investor owns Registrable Securities, promptly upon
request, (i) a written statement by the Company that it has complied with the reporting
requirements of Rule 144, the Securities Act and the Exchange Act, (ii) unless available to the
Investor without charge through EDGAR, the SEC’s website or the Company’s website, a copy of the
most recent annual or quarterly report of the Company and such other reports and documents so filed
by the Company, and (iii) such other information as may be reasonably requested to permit the
Investors to sell such securities pursuant to Rule 144 without registration; and

          (d) at the request of any Investor of Registrable Securities, give its Transfer Agent
instructions (supported by an opinion of Company counsel, if required or requested by the Transfer
Agent) to the effect that, upon the Transfer Agent’s receipt from such Investor of:

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	(i)	 	a certificate (a “Rule 144 Certificate”) certifying (A) that
such Investor has held the shares of Registrable Securities which
the Investor proposes to sell (the “Securities Being Sold”) for a
period of not less than (1) year and (B) as to such other matters as
may be appropriate in accordance with Rule 144 under the Securities
Act, and
	 
	(ii)	 	an opinion of counsel acceptable to the Company (for which
purposes it is agreed that the initial Investor’s counsel shall be
deemed acceptable if such opinion is not given by Company counsel)
that, based on the Rule 144 Certificate, Securities Being Sold may
be sold pursuant to the provisions of Rule 144, even in the absence
of an effective Registration Statement,

the Transfer Agent is to effect the transfer of the Securities Being Sold and issue to the buyer(s)
or transferee(s) thereof one or more stock certificates representing the transferred Securities
Being Sold without any restrictive legend and without recording any restrictions on the
transferability of such shares on the Transfer Agent’s books and records (except to the extent any
such legend or restriction results from facts other than the identity of the Investor, as the
seller or transferor thereof, or the status, including any relevant legends or restrictions, of the
shares of the Securities Being Sold while held by the Investor). If the Transfer Agent requires
any additional documentation at the time of the transfer, the Company shall deliver or cause to be
delivered all such reasonable additional documentation as may be necessary to effectuate the
issuance of an unlegended certificate.

     9. Miscellaneous.

     (a) Registered Owners. A person or entity is deemed to be a holder of Registrable Securities
whenever such person or entity owns of record such Registrable Securities. If the Company receives
conflicting instructions, notices or elections from two or more persons or entities with respect to
the same Registrable Securities, the Company shall act upon the basis of instructions, notice or
election received from the registered owner of such Registrable Securities.

     (b) Rights Cumulative; Waivers. The rights of each of the parties under this Agreement are
cumulative. The rights of each of the parties hereunder shall not be capable of being waived or
varied other than by an express waiver or variation in writing. Any failure to exercise or any
delay in exercising any of such rights shall not operate as a waiver or variation of that or any
other such right. Any defective or partial exercise of any of such rights shall not preclude any
other or further exercise of that or any other such right. No act or course of conduct or
negotiation on the part of any party shall in any way preclude such party from exercising any such
right or constitute a suspension or any variation of any such right.

     (c) Benefit; Successors Bound. This Agreement and the terms, covenants, conditions,
provisions, obligations, undertakings, rights, and benefits hereof, shall be binding

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upon, and shall inure to the benefit of, the undersigned parties and their successors.

     (d) Entire Agreement. This Agreement contains the entire agreement between the parties with
respect to the subject matter hereof. There are no promises, agreements, conditions, undertakings,
understandings, warranties, covenants or representations, oral or written, express or implied,
between them with respect to this Agreement or the matters described in this Agreement, except as
set forth in this Agreement and in the other documentation relating to the transactions
contemplated by this Agreement. Any such negotiations, promises, or understandings shall not be
used to interpret or constitute this Agreement.

     (e) Amendment. Any provision of this Agreement may be amended and the observance thereof may
be waived (either generally or in a particular instance and either retroactively or prospectively),
only with the written consent of the Company and Investor. Any amendment or waiver affected in
accordance with this Section 9 shall be binding upon the Company.

     (f) Severability. Each part of this Agreement is intended to be severable. In the event that
any provision of this Agreement is found by any court or other authority of competent jurisdiction
to be illegal or unenforceable, such provision shall be severed or modified to the extent necessary
to render it enforceable and as so severed or modified, this Agreement shall continue in full force
and effect.

     (g) Notices. Notices required or permitted to be given hereunder shall be in writing and
shall be deemed to be sufficiently given when personally delivered (by hand, by courier, by
telephone line facsimile transmission, receipt confirmed, email or other means) or sent by
certified mail, return receipt requested, properly addressed and with proper postage pre-paid (i)
if to the Company, at its executive office and (ii) if to the Investor, at the address set forth
under its name in the Purchase Agreement, with a copy to its designated attorney, or at such other
address as each such party furnishes by notice given in accordance with this Section 9(g), and
shall be effective, when personally delivered, upon receipt and, when so sent by certified mail,
five (5) business days after deposit with the United States Postal Service.

     (h) Governing Law. This Agreement shall be governed by and interpreted in accordance with
the laws of the State of New York without regard to the principles of conflicts of law. Each of the
Company and Investor hereby submit to the exclusive jurisdiction of the United States Federal and
state courts located in New York with respect to any dispute arising under this Agreement, the
agreements entered into in connection herewith or the transactions contemplated hereby or thereby.

     (i) Consents. The person signing this Agreement on behalf of each party hereby represents and
warrants that he has the necessary power, consent and authority to execute and deliver this
Agreement on behalf of that party.

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     (j) Further Assurances. In addition to the instruments and documents to be made, executed and
delivered pursuant to this Agreement, the parties hereto agree to make, execute and deliver or
cause to be made, executed and delivered, to the requesting party such other instruments and to
take such other actions as the requesting party may reasonably require to carry out the terms of
this Agreement and the transactions contemplated hereby.

     (k) Section Headings. The Section headings in this Agreement are for reference purposes only
and shall not affect in any way the meaning or interpretation of this Agreement.

     (l) Construction. Unless the context otherwise requires, when used herein, the singular shall
be deemed to include the plural, the plural shall be deemed to include each of the singular, and
pronouns of one or no gender shall be deemed to include the equivalent pronoun of the other or no
gender.

     (m) Execution in Counterparts. This Agreement may be executed in two or more counterparts,
each of which shall be deemed an original but all of which shall constitute one and the same
agreement. This Agreement, once executed by a party, may be delivered to the other party hereto by
email of a .pdf or telephone line facsimile transmission of a copy of this Agreement bearing the
signature of the party so delivering this Agreement. A facsimile transmission or email of a .pdf
of this signed Agreement shall be legal and binding on all parties hereto.

[SIGNATURES ON FOLLOWING PAGE]

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[SIGNATURE PAGE]

     IN WITNESS WHEREOF, the parties have caused this Agreement to be duly executed by their
respective officers thereunto duly authorized as of the day and year first above written.

	 	 	 	 	 
	 	COMPANY:

UFOOD RESTAURANT GROUP, INC.

 	 
	 	By:  	_______________________
 	 
	 	Name:  	/s/ Charles A. Cocotas 	 
	 	Title:  	President / COO 	 
	 

	 	 	 	 	 
	 	INVESTOR:

SOUTHRIDGE PARTNERS II, LP

 	 
	 	By:  	_______________________
 	 
	 	Name:  	/s/ Stephen Hicks 	 
	 	Title:  	Manager of GP 	 

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SCHEDULE 5 (B)

12exv4w3

Exhibit 4.3

 

 

ENTERPRISE PRODUCTS OPERATING LLC

AS ISSUER,

ENTERPRISE PRODUCTS PARTNERS L.P.

AS PARENT GUARANTOR,

and

WELLS FARGO BANK,

NATIONAL ASSOCIATION,

AS TRUSTEE

 

TWENTY-FIRST SUPPLEMENTAL INDENTURE

Dated as of August 24, 2011

to

Indenture dated as of October 4, 2004

 

4.05% Senior Notes due 2022

5.70% Senior Notes due 2042

 

 

 

 

TABLE OF CONTENTS

	 	 	 
	 	 	Page
	ARTICLE I

THE NOTES
	 	 
	SECTION 1.1 Form
	 	2
	SECTION 1.2 Title, Amount and Payment of Principal and Interest
	 	2
	SECTION 1.3 Registrar and Paying Agent
	 	4
	SECTION 1.4 Transfer and Exchange
	 	4
	SECTION 1.5 Guarantee of the Notes
	 	4
	SECTION 1.6 Defeasance and Discharge
	 	4
	SECTION 1.7 Amendment to Section 4.12 of the Original Indenture
	 	4
	SECTION 1.8 Amendment to Section 4.13 of the Original Indenture
	 	5
	 
	 	 
	ARTICLE II

REDEMPTION
	 	 
	SECTION 2.1 Redemption
	 	5
	 ARTICLE III

MISCELLANEOUS PROVISIONS
	 	 
	SECTION 3.1 Table of Contents, Headings, etc.
	 	5
	SECTION 3.2 Counterpart Originals
	 	5
	SECTION 3.3 Governing Law
	 	6
	SECTION 3.4 Certain Trustee Matters
	 	6
	Exhibit A          Form of Note for the 4.05% Senior Notes due 2022
	 	 
	Exhibit B          Form of Note for the 5.70% Senior Notes due 2042
	 	 

i

 

     THIS TWENTY-FIRST SUPPLEMENTAL INDENTURE dated as of August 24, 2011, is among Enterprise
Products Operating LLC, a Texas limited liability company (the “Issuer”), Enterprise Products
Partners L.P., a Delaware limited partnership (the “Parent Guarantor”), and Wells Fargo Bank,
National Association, a national banking association, as trustee (the “Trustee”). Each capitalized
term used but not defined in this Twenty-First Supplemental Indenture shall have the meaning
assigned to such term in the Original Indenture (as defined below).

RECITALS:

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

     WHEREAS, the Issuer and the Parent Guarantor have executed and delivered to the Trustee a
Tenth Supplemental Indenture, dated as of June 30, 2007, providing for the Issuer as the successor
issuer (the Original Indenture together with the Tenth Supplemental Indenture, the “Base
Indenture”); and

     WHEREAS, on or before the date hereof the Issuer has issued several series of Debt Securities
pursuant to previous supplements to the Base Indenture; and

     WHEREAS, the Issuer has duly authorized and desires to cause to be issued pursuant to the Base
Indenture and this Twenty-First Supplemental Indenture each of the following new series of Debt
Securities (collectively, the “Notes”):

     (i) a series of Debt Securities in the initial aggregate principal amount of $650,000,000,
which series shall be designated as the 4.05% Senior Notes due 2022; and

     (ii) a series of Debt Securities in the initial aggregate principal amount of $600,000,000,
which series shall be designated as the 5.70% Senior Notes due 2042.

     WHEREAS, all of such Notes will be guaranteed by the Parent Guarantor as provided in Article
XIV of the Original Indenture; and

     WHEREAS, the Issuer desires to cause the issuance of the Notes pursuant to Sections 2.01 and
2.03 of the Original Indenture, which sections permit the execution of indentures supplemental
thereto to establish the form and terms of Debt Securities of any series; and

     WHEREAS, pursuant to Section 9.01 of the Original Indenture, the Issuer and the Parent
Guarantor have requested that the Trustee join in the execution of this Twenty-First Supplemental
Indenture to establish the form and terms of the Notes; and

     WHEREAS, all things necessary have been done to make the Notes, when executed by the Issuer
and authenticated and delivered hereunder and under the Base Indenture and duly

 

 

issued by the Issuer, and the Guarantee of the Parent Guarantor, when the Notes are duly
issued by the Issuer, the valid obligations of the Issuer and the Parent Guarantor, respectively,
and to make this Twenty-First Supplemental Indenture a valid agreement of the Issuer and the Parent
Guarantor enforceable in accordance with its terms.

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

ARTICLE I

THE NOTES

     SECTION 1.1 Form.

          (1) The 4.05% Senior Notes due 2022 and the related Trustee’s certificate of authentication
shall be substantially in the form of Exhibit A to this Twenty-First Supplemental
Indenture; and

          (2) the 5.70% Senior Notes due 2042 and the related Trustee’s certificate of authentication
shall be substantially in the form of Exhibit B to this Twenty-First Supplemental
Indenture.

     Exhibits A and B are hereby incorporated into this Twenty-First Supplemental
Indenture. The terms and provisions contained in the Notes shall constitute, and are hereby
expressly made, a part of this Twenty-First Supplemental Indenture and to the extent applicable,
the Issuer, the Parent Guarantor and the Trustee, by their execution and delivery of this
Twenty-First Supplemental Indenture, expressly agree to such terms and provisions and to be bound
thereby.

     The Notes shall be issued only as Registered Securities. The Notes shall be issued upon
original issuance in whole in the form of one or more Global Securities (the “Book-Entry Notes”).
Each Book-Entry Note shall represent such of the Outstanding Notes as shall be specified therein
and shall provide that it shall represent the aggregate amount of Outstanding Notes from time to
time endorsed thereon and that the aggregate amount of Outstanding Notes represented thereby may
from time to time be reduced or increased, as appropriate, to reflect exchanges and redemptions.
Any endorsement of a Book-Entry Note to reflect the amount, or any increase or decrease in the
amount, of Outstanding Notes represented thereby shall be made by the Trustee in accordance with
written instructions or such other written form of instructions as is customary for the Depositary,
from the Depositary or its nominee on behalf of any Person having a beneficial interest in the
Book-Entry Note.

     The Issuer initially appoints The Depository Trust Company (“DTC”) to act as Depositary with
respect to the Book-Entry Notes.

     SECTION 1.2 Title, Amount and Payment of Principal and Interest.

          (1) 4.05% Senior Notes due 2022. The 4.05% Senior Notes due 2022 shall be entitled
the “4.05% Senior Notes due 2022.” The Trustee shall authenticate and deliver (i) the 4.05% Senior
Notes due 2022 for original issue on the date hereof (the “4.05% Original Notes”) in the aggregate
principal amount of $650,000,000 and (ii) additional 4.05% Senior Notes due

2

 

2022 for original issue from time to time after the date hereof in such principal amounts as
may be specified in the Company Order described in this sentence, provided that no such additional
4.05% Senior Notes due 2022 may be issued at a price that would cause such 4.05% Senior Notes due
2022 to have “original issue discount” within the meaning of the Internal Revenue Code of 1986, as
amended, in each case upon a Company Order for the authentication and delivery thereof and
satisfaction of the other provisions of Section 2.05 of the Original Indenture. Such order shall
specify the amount of the 4.05% Senior Notes due 2022 to be authenticated, the date on which the
original issue of 4.05% Senior Notes due 2022 is to be authenticated, and the name or names of the
initial Holder or Holders. The aggregate principal amount of 4.05% Senior Notes due 2022 that may
be outstanding at any time may not exceed $650,000,000 plus such additional principal amounts as
may be issued and authenticated pursuant to clause (ii) of this paragraph (except as provided in
Section 2.09 of the Original Indenture).

     The principal amount of each 4.05% Senior Note due 2022 shall be payable on February 15, 2022.
Each 4.05% Senior Note due 2022 shall bear interest from and including August 24, 2011, or from
and including the most recent date to which interest has been paid, at the fixed rate of 4.05% per
annum. The dates on which interest on the 4.05% Senior Notes due 2022 shall be payable shall be
February 15 and August 15 of each year, commencing February 15, 2012, in the case of the 4.05%
Original Notes (the “4.05% Interest Payment Dates”). The regular record date for interest payable
on the 4.05% Senior Notes due 2022 on any 4.05% Interest Payment Date shall be February 1 or August
1 (the “4.05% Regular Record Date”), as the case may be, preceding such 4.05% Interest Payment
Date.

     Payments of principal of, premium, if any, and interest due on the 4.05% Senior Notes due 2022
representing Book-Entry Notes on any 4.05% Interest Payment Date or at maturity will be made
available to the Trustee by 11:00 a.m., New York City time, on such date, unless such date falls on
a day which is not a Business Day, in which case such payments will be made available to the
Trustee by 11:00 a.m., New York City time, on the next Business Day. As soon as possible
thereafter, the Trustee will make such payments to the Depositary.

          (2) 5.70% Senior Notes due 2042. The 5.70% Senior Notes due 2042 shall be entitled
the “5.70% Senior Notes due 2042.” The Trustee shall authenticate and deliver (i) the 5.70% Senior
Notes due 2042 for original issue on the date hereof (the “5.70% Original Notes”) in the aggregate
principal amount of $600,000,000 and (ii) additional 5.70% Senior Notes due 2042 for original issue
from time to time after the date hereof in such principal amounts as may be specified in the
Company Order described in this sentence, provided that no such additional 5.70% Senior Notes due
2042 may be issued at a price that would cause such 5.70% Senior Notes due 2042 to have “original
issue discount” within the meaning of the Internal Revenue Code of 1986, as amended, in each case
upon a Company Order for the authentication and delivery thereof and satisfaction of the other
provisions of Section 2.05 of the Original Indenture. Such order shall specify the amount of the
5.70% Senior Notes due 2042 to be authenticated, the date on which the original issue of 5.70%
Senior Notes due 2042 is to be authenticated, and the name or names of the initial Holder or
Holders. The aggregate principal amount of 5.70% Senior Notes due 2042 that may be outstanding at
any time may not exceed $600,000,000 plus such additional principal amounts as may be issued and
authenticated pursuant to clause (ii) of this paragraph (except as provided in Section 2.09 of the
Original Indenture).

3

 

     The principal amount of each 5.70% Senior Note due 2042 shall be payable on February 15, 2042.
Each 5.70% Senior Note due 2042 shall bear interest from and including August 24, 2011, or from
and including the most recent date to which interest has been paid, at the fixed rate of 5.70% per
annum. The dates on which interest on the 5.70% Senior Notes due 2042 shall be payable shall be
February 15 and August 15 of each year, commencing February 15, 2012, in the case of the 5.70%
Original Notes (the “5.70% Interest Payment Dates”). The regular record date for interest payable
on the 5.70% Senior Notes due 2042 on any 5.70% Interest Payment Date shall be February 1 or August
1 (the “5.70% Regular Record Date”), as the case may be, preceding such 5.70% Interest Payment
Date.

     Payments of principal of, premium, if any, and interest due on the 5.70% Senior Notes due 2042
representing Book-Entry Notes on any 5.70% Interest Payment Date or at maturity will be made
available to the Trustee by 11:00 a.m., New York City time, on such date, unless such date falls on
a day which is not a Business Day, in which case such payments will be made available to the
Trustee by 11:00 a.m., New York City time, on the next Business Day. As soon as possible
thereafter, the Trustee will make such payments to the Depositary.

     SECTION 1.3 Registrar and Paying Agent.

     The Issuer initially appoints the Trustee as Registrar and paying agent with respect to the
Notes. The office or agency in the City and State of New York where Notes may be presented for
registration of transfer or exchange and the Place of Payment for the Notes shall initially be the
corporate trust office of the Trustee located at 45 Broadway, 14th Floor, New York, New York 10006.

     SECTION 1.4 Transfer and Exchange.

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

     SECTION 1.5 Guarantee of the Notes.

     In accordance with Article XIV of the Original Indenture, the Notes will be fully,
unconditionally and absolutely guaranteed on an unsecured, unsubordinated basis by the Parent
Guarantor. Initially, there will be no Subsidiary Guarantors.

     SECTION 1.6 Defeasance and Discharge.

     The Notes shall be subject to satisfaction and discharge and to both legal defeasance and
covenant defeasance as contemplated by Article XI of the Original Indenture.

     SECTION 1.7 Amendment to Section 4.12 of the Original Indenture.

     The last paragraph of Section 4.12 of the Original Indenture is hereby amended and restated in
relation solely to the Notes to read as follows:

4

 

     “Notwithstanding the foregoing provisions of this Section, the Parent Guarantor may, and may
permit any Subsidiary to, effect any Sale/Leaseback Transaction that is not excepted by clauses (a)
through (d), inclusive, of this Section, provided that the Attributable Indebtedness from such
Sale/Leaseback Transaction, together with the aggregate principal amount of all other such
Attributable Indebtedness deemed to be outstanding and all outstanding Indebtedness (other than the
Debt Securities) secured by liens, other than Permitted Liens, upon Principal Properties or upon
any capital stock of any Restricted Subsidiary, do not exceed 10% of Consolidated Net Tangible
Assets.”

     SECTION 1.8 Amendment to Section 4.13 of the Original Indenture.

     The last sentence of Section 4.13 of the Original Indenture is hereby amended and restated in
relation solely to the Notes to read as follows:

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

ARTICLE II

REDEMPTION

     SECTION 2.1 Redemption.

     The Issuer shall have no obligation to redeem, purchase or repay the Notes pursuant to any
mandatory redemption, sinking fund or analogous provisions or at the option of a Holder thereof.
The Issuer, at its option, may redeem the Notes in accordance with the provisions of paragraph 5 of
the Notes and Article III of the Original Indenture.

ARTICLE III

MISCELLANEOUS PROVISIONS

     SECTION 3.1 Table of Contents, Headings, etc.

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

     SECTION 3.2 Counterpart Originals.

5

 

     The parties may sign any number of copies of this Twenty-First Supplemental Indenture. Each
signed copy shall be an original, but all of them together represent the same agreement.

     SECTION 3.3 Governing Law.

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

     SECTION 3.4 Certain Trustee Matters

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

* * *

6

 

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

	 	 	ENTERPRISE PRODUCTS OPERATING LLC,

as Issuer

	 	 	 	 	 
	 	 	 
	 	By:  	                Enterprise Products OLPGP, Inc.,
 	 
	 	 	its Sole Manager 	 
	 	 	 
	 	By:  	                /s/ W. Randall Fowler
 	 
	 	 	Name:  	W. Randall Fowler 	 
	 	 	Title:  	Executive Vice President and 
Chief Financial Officer 	 
	 
	 	ENTERPRISE PRODUCTS PARTNERS L.P.,

as Parent Guarantor

 	 
	 	By:  	Enterprise Products Holdings LLC,
 	 
	 	 	its General Partner 	 
	 	 	 
	 	By:  	       /s/ W. Randall Fowler
 	 
	 	 	Name:  	W. Randall Fowler 	 
	 	 	Title:  	Executive Vice President and 
Chief Financial Officer 	 
	 
	 	WELLS FARGO BANK,

NATIONAL ASSOCIATION,

as Trustee

 	 
	 	By:  	/s/ Patrick T. Giordano
 	 
	 	 	Name:  	Patrick T. Giordano 	 
	 	 	Title:  	Vice President 	 
	 

Twenty-First Supplemental Indenture Signature Page

 

 

Exhibit A

FORM OF NOTE

[FACE OF SECURITY]

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

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

Principal Amount

No. _____

$                     [which amount may be

increased or decreased by the Schedule

of Increases and Decreases in Global Security attached hereto.]*

ENTERPRISE PRODUCTS OPERATING LLC

4.05% SENIOR NOTE DUE 2022

CUSIP 29379V AU7

     ENTERPRISE PRODUCTS OPERATING LLC, a Texas limited liability company (the “Company,” which
term includes any successor under the Indenture hereinafter referred to), for value received,
hereby promises to pay to [Cede & Co.]* or its registered assigns, the principal sum of
__________________ ($__________) U.S. dollars, [or such greater or lesser principal sum as is shown
on the attached Schedule of Increases and Decreases in Global Security]*, on February
15, 2022 in such coin and currency of the United States of America as at the time of payment shall
be legal tender for the payment of public and private debts, and to pay interest at

 

			
	*	 	To be included in a Book-Entry Note.

A-1

 

an annual rate of 4.05% payable on February 15 and August 15 of each year, to the person in
whose name the Security (as defined on the reverse side of this security) is registered at the
close of business on the record date for such interest, which shall be the preceding February 1 and
August 1 (each, a “Regular Record Date”), respectively, payable commencing on February 15, 2012,
with interest accruing from and including August 24, 2011, or from and including the most recent
date to which interest shall have been paid.

     Reference is made to the further provisions of this Security set forth on the reverse hereof.
Such further provisions shall for all purposes have the same effect as though fully set forth at
this place.

     The statements in the legends set forth in this Security are an integral part of the terms of
this Security and by acceptance hereof the Holder of this Security agrees to be subject to, and
bound by, the terms and provisions set forth in each such legend.

     This Security is issued in respect of a series of Debt Securities of an initial aggregate of
$650,000,000 in principal amount designated as the 4.05% Senior Notes due 2022 of the Company and
is governed by the Indenture dated as of October 4, 2004 (the “Original Indenture”), duly executed
and delivered by the Company, as issuer, and Enterprise Products Partners L.P., as parent guarantor
(the “Parent Guarantor”), to Wells Fargo Bank, National Association, as trustee (the “Trustee”), as
amended by the Tenth Supplemental Indenture, dated as of June 30, 2007, providing for the Company
as the successor issuer (the “Tenth Supplemental Indenture”), and the Twenty-First Supplemental
Indenture dated as of August 24, 2011, duly executed by the Company, the Parent Guarantor and the
Trustee (the “Twenty-First Supplemental Indenture”, and together with the Original Indenture and
the Tenth Supplemental Indenture, the “Indenture”). The terms of the Indenture are incorporated
herein by reference. This Security shall in all respects be entitled to the same benefits as
definitive Debt Securities under the Indenture.

     If and to the extent any provision of the Indenture limits, qualifies or conflicts with any
other provision of the Indenture that is required to be included in the Indenture or is deemed
applicable to the Indenture by virtue of the provisions of the Trust Indenture Act of 1939, as
amended (the “TIA”), such required provision shall control.

     The Company hereby irrevocably undertakes to the Holder hereof to exchange this Security in
accordance with the terms of the Indenture without charge.

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

A-2

 

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

Dated: August 24, 2011

ENTERPRISE PRODUCTS OPERATING LLC

	 	 	 	 	 
	 	 	 
	 	By:  	                Enterprise Products OLPGP, Inc.,
 	 
	 	 	its sole manager 	 
	 	 	 
	 	By:  	
 	 
	 	 	Name:  	W. Randall Fowler 	 
	 	 	Title:  	Executive Vice President and 
Chief
Financial Officer 	 
	 

TRUSTEE’S CERTIFICATE OF AUTHENTICATION:

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

	 	 	 	 	 
	 	WELLS FARGO BANK, NATIONAL ASSOCIATION,

as Trustee

 	 

	 	 	 	 	 
	 	 	 
	 	By:  	
 	 
	 	 	Authorized Signatory 	 
	 	 	 	 

A-3

 

	 	 	 	 	 

[REVERSE OF SECURITY]

ENTERPRISE PRODUCTS OPERATING LLC

4.05% SENIOR NOTE DUE 2022

     This Security is one of a duly authorized issue of debentures, notes or other evidences of
indebtedness of the Company (the “Debt Securities”) of the series hereinafter specified, all issued
or to be issued under and pursuant to the Indenture, to which Indenture reference is hereby made
for a description of the rights, limitations of rights, obligations, duties and immunities
thereunder of the Trustee, the Company, the Parent Guarantor and the Holders of the Debt
Securities. The Debt Securities may be issued in one or more series, which different series may be
issued in various aggregate principal amounts, may mature at different times, may bear interest (if
any) at different rates, may be subject to different sinking, purchase or analogous funds (if any)
and may otherwise vary as provided in the Indenture. This Security is one of a series designated
as the 4.05% Senior Notes due 2022 of the Company, in initial aggregate principal amount of
$650,000,000 (the “Securities”).

	1.	 	Interest.

     The Company promises to pay interest on the principal amount of this Security at the rate of
4.05% per annum.

     The Company will pay interest semi-annually on February 15 and August 15 of each year (each an
“Interest Payment Date”), commencing February 15, 2012. Interest on the Securities will accrue
from and including the most recent date to which interest has been paid or, if no interest has been
paid on the Securities, from and including August 24, 2011. Interest will be computed on the basis
of a 360-day year consisting of twelve 30-day months. The Company shall pay interest (including
post-petition interest in any proceeding under any applicable bankruptcy laws) on overdue
installments of interest (without regard to any applicable grace period) and on overdue principal
and premium, if any, from time to time on demand at the same rate per annum, in each case to the
extent lawful.

	2.	 	Method of Payment.

     The Company shall pay interest on the Securities (except Defaulted Interest) to the persons
who are the registered Holders at the close of business on the Regular Record Date immediately
preceding the Interest Payment Date. Any such interest not so punctually paid or duly provided for
(“Defaulted Interest”) may be paid to the persons who are registered Holders at the close of
business on a special record date for the payment of such Defaulted Interest, or in any other
lawful manner not inconsistent with the requirements of any securities exchange on which such
Securities may then be listed if such manner of payment shall be deemed practicable by the Trustee,
as more fully provided in the Indenture. The Company shall pay principal, premium, if any, and
interest in such coin or currency of the United States of America as at the time of payment shall
be legal tender for payment of public and private debts. Payments in respect of a Global Security
(including principal, premium, if any, and interest) will be made by wire transfer of immediately
available funds to the accounts specified by the Depositary. Payments in respect of Securities in
definitive form (including principal, premium, if any, and

A-4

 

interest) will be made at the office or agency of the Company maintained for such purpose
within The City of New York, which initially will be the corporate trust office of Wells Fargo
Bank, National Association at 45 Broadway, 14th Floor, New York, New York 10006, or, at the option
of the Company, payment of interest may be made by check mailed to the Holders on the relevant
record date at their addresses set forth in the Debt Security Register of Holders or at the option
of the Holder, payment of interest on Securities in definitive form will be made by wire transfer
of immediately available funds to any account maintained in the United States, provided such Holder
has requested such method of payment and provided timely wire transfer instructions to the paying
agent. The Holder must surrender this Security to a paying agent to collect payment of principal.

	3.	 	Paying Agent and Registrar.

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

	4.	 	Indenture.

     This Security is one of a duly authorized issue of Debt Securities of the Company issued and
to be issued in one or more series under the Indenture.

     Capitalized terms herein are used as defined in the Indenture unless otherwise defined herein.
The terms of the Securities include those stated in the Original Indenture, those made part of the
Indenture by reference to the TIA, as in effect on the date of the Original Indenture, and those
terms stated in the Twenty-First Supplemental Indenture. The Securities are subject to all such
terms, and Holders of Securities are referred to the Original Indenture, the Twenty-First
Supplemental Indenture and the TIA for a statement of them. The Securities of this series are
general unsecured obligations of the Company limited to an initial aggregate principal amount of
$650,000,000; provided, however, that the authorized aggregate principal amount of such series may
be increased from time to time as provided in the Twenty-First Supplemental Indenture.

	5.	 	Optional Redemption.

     The Securities are redeemable, at the option of the Company, at any time in whole, or from
time to time in part, at a redemption price (the “Make-Whole Price”) equal to the greater of: (i)
100% of the principal amount of the Securities to be redeemed; or (ii) the sum of the present
values of the remaining scheduled payments of principal and interest (at the rate in effect on the
date of calculation of the redemption price) on the Securities to be redeemed (exclusive of
interest accrued to the Redemption Date) discounted to the Redemption Date on a semi-annual basis
(assuming a 360-day year consisting of twelve 30-day months) at the applicable Treasury Yield plus
30 basis points; plus, in either case, accrued interest to the Redemption Date.

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

A-5

 

     “Treasury Yield” means, with respect to any Redemption Date applicable to the Securities, the
rate per annum equal to the semi-annual equivalent yield to maturity (computed as of the third
Business Day immediately preceding such Redemption Date) of the Comparable Treasury Issue, assuming
a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal
to the applicable Comparable Treasury Price for such Redemption Date.

     “Comparable Treasury Issue” means the United States Treasury security selected by the
Independent Investment Banker as having a maturity comparable to the remaining term of the
Securities to be redeemed that would be utilized, at the time of selection and in accordance with
customary financial practice, in pricing new issues of corporate debt securities of comparable
maturity to the remaining term of the Securities to be redeemed; provided, however, that if no
maturity is within three months before or after the maturity date for such Securities, yields for
the two published maturities most closely corresponding to such United States Treasury security
will be determined and the treasury rate will be interpolated or extrapolated from those yields on
a straight line basis rounding to the nearest month.

     “Independent Investment Banker” means any of Barclays Capital Inc., Merrill Lynch, Pierce,
Fenner & Smith Incorporated, Citigroup Global Markets Inc., Mizuho Securities USA Inc., SunTrust
Robinson Humphrey, Inc. and Wells Fargo Securities, LLC, and their respective successors or, if no
such firm is willing and able to select the applicable Comparable Treasury Issue, an independent
investment banking institution of national standing appointed by the Trustee and reasonably
acceptable to the Company.

     “Comparable Treasury Price” means, with respect to any Redemption Date, (a) the average of the
Reference Treasury Dealer Quotations for the Redemption Date, after excluding the highest and
lowest Reference Treasury Dealer Quotations, or (b) if the Independent Investment Banker obtains
fewer than six Reference Treasury Dealer Quotations, the average of all such quotations.

     “Reference Treasury Dealer” means each of Barclays Capital Inc., Merrill Lynch, Pierce, Fenner
& Smith Incorporated, Citigroup Global Markets Inc., Mizuho Securities USA Inc., SunTrust Robinson
Humphrey, Inc. and Wells Fargo Securities, LLC, so long as it is a Primary Treasury Dealer at the
relevant time and, if it is not then a Primary Treasury Dealer, then a Primary Treasury Dealer
selected by it, and in each case their respective successors (each, a “Primary Treasury Dealer”);
provided, however, that if any of the foregoing shall not be a Primary Treasury Dealer at such time
and shall fail to select a Primary Treasury Dealer, then the Issuer will substitute therefor
another Primary Treasury Dealer.

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

A-6

 

     Except as set forth above, the Securities will not be redeemable prior to their Stated
Maturity and will not be entitled to the benefit of any sinking fund.

     Securities called for optional redemption become due on the Redemption Date. Notices of
optional redemption will be mailed at least 30 but not more than 60 days before the Redemption Date
to each Holder of the Securities to be redeemed at its registered address. The notice of optional
redemption for the Securities will state, among other things, the amount of Securities to be
redeemed, the Redemption Date, the method of calculating such redemption price and the place(s)
that payment will be made upon presentation and surrender of Securities to be redeemed. Unless the
Company defaults in payment of the redemption price, interest will cease to accrue on the
Redemption Date with respect to any Securities that have been called for optional redemption. If
less than all the Securities are redeemed at any time, the Trustee will select the Securities to be
redeemed on a pro rata basis, by lot, or by such other method the Trustee deems fair and
appropriate.

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

	6.	 	Denominations; Transfer; Exchange.

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

     7. Person Deemed Owners.

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

	8.	 	Amendment; Supplement; Waiver.

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

	9.	 	Defaults and Remedies.

     Certain events of bankruptcy or insolvency are Events of Default that will result in the
principal amount of the Securities, together with premium, if any, and accrued and unpaid

A-7

 

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

	10.	 	Trustee Dealings with Company.

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

	11.	 	Authentication.

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

	12.	 	Abbreviations and Defined Terms.

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

	13.	 	CUSIP Numbers.

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

	14.	 	Absolute Obligation.

A-8

 

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

	15.	 	No Recourse.

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

	16.	 	Governing Law.

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

	17.	 	Guarantee.

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

	18.	 	Reliance.

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

A-9

 

NOTATION OF GUARANTEE

     The Parent Guarantor (which term includes any successor Person under the Indenture), has
fully, unconditionally and absolutely guaranteed, to the extent set forth in the Indenture and
subject to the provisions in the Indenture, the due and punctual payment of the principal of, and
premium, if any, and interest on the Securities and all other amounts due and payable under the
Indenture and the Securities by the Company.

     The obligations of the Parent Guarantor to the Holders of Securities and to the Trustee
pursuant to its Guarantee and the Indenture are expressly set forth in Article XIV of the Indenture
and reference is hereby made to the Indenture for the precise terms of the Guarantee.

	 	 	 	 	 
	 	ENTERPRISE PRODUCTS PARTNERS L.P.

 	 
	 	By:  	Enterprise Products Holdings LLC,
 	 
	 	 	its General Partner 	 
	 	 	 
	 	By:  	
 	 
	 	 	Name:  	W. Randall Fowler 	 
	 	 	Title:  	Executive Vice President and 

Chief
Financial Officer 	 
	 

A-10

 

ABBREVIATIONS

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

	 	 	 	 	 	 	 	 	 

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

	 

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

	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	(Minor)
	 	 	 	 	 	 	under Uniform Gifts to
	JT TEN	 	—	 	as joint tenants with	 	Minors Act of
	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	right of survivorship and	 	 	 	(State)
	 

	 	 	 	not as tenants in common
	 	 	 	 

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

 

ASSIGNMENT

     FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto

PLEASE INSERT SOCIAL SECURITY OR OTHER

     IDENTIFYING NUMBER OF ASSIGNEE

 

 

Please print or type name and address including postal zip code of assignee

 

 

the within Security and all rights thereunder, hereby irrevocably constituting and appointing

 

to transfer said Security on the books of the Company, with full power of substitution in the
premises.

	 	 	 	 	 
	Dated	 	 	 	 
	 	 	 	 	 
	 	 	 	Registered Holder	 

A-11

 

SCHEDULE OF INCREASES OR DECREASES

IN GLOBAL SECURITY*

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

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

 

			
	*	 	To be included in a Book-Entry Note.

A-12

 

Exhibit B

FORM OF NOTE

[FACE OF SECURITY]

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

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

Principal Amount

No. _____

$                     [which amount may be

increased or decreased by the Schedule

of Increases and Decreases in Global Security attached hereto.]*

ENTERPRISE PRODUCTS OPERATING LLC

5.70% SENIOR NOTE DUE 2042

CUSIP 29379V AV5

     ENTERPRISE PRODUCTS OPERATING LLC, a Texas limited liability company (the “Company,” which
term includes any successor under the Indenture hereinafter referred to), for value received,
hereby promises to pay to [Cede & Co.]* or its registered assigns, the principal sum of
__________________ ($__________) U.S. dollars, [or such greater or lesser principal sum as is shown
on the attached Schedule of Increases and Decreases in Global Security]*, on February
15, 2042 in such coin and currency of the United States of America as at the time of payment shall
be legal tender for the payment of public and private debts, and to pay interest at

 

			
	*	 	To be included in a Book-Entry Note.

B-1

 

an annual rate of 5.70% payable on February 15 and August 15 of each year, to the person in
whose name the Security (as defined on the reverse side of this security) is registered at the
close of business on the record date for such interest, which shall be the preceding February 1 and
August 1 (each, a “Regular Record Date”), respectively, payable commencing on February 15, 2012,
with interest accruing from and including August 24, 2011, or from and including the most recent
date to which interest shall have been paid.

     Reference is made to the further provisions of this Security set forth on the reverse hereof.
Such further provisions shall for all purposes have the same effect as though fully set forth at
this place.

     The statements in the legends set forth in this Security are an integral part of the terms of
this Security and by acceptance hereof the Holder of this Security agrees to be subject to, and
bound by, the terms and provisions set forth in each such legend.

     This Security is issued in respect of a series of Debt Securities of an initial aggregate of
$600,000,000 in principal amount designated as the 5.70% Senior Notes due 2042 of the Company and
is governed by the Indenture dated as of October 4, 2004 (the “Original Indenture”), duly executed
and delivered by the Company, as issuer, and Enterprise Products Partners L.P., as parent guarantor
(the “Parent Guarantor”), to Wells Fargo Bank, National Association, as trustee (the “Trustee”), as
amended by the Tenth Supplemental Indenture, dated as of June 30, 2007, providing for the Company
as the successor issuer (the “Tenth Supplemental Indenture”), and the Twenty-First Supplemental
Indenture dated as of August 24, 2011, duly executed by the Company, the Parent Guarantor and the
Trustee (the “Twenty-First Supplemental Indenture”, and together with the Original Indenture and
the Tenth Supplemental Indenture, the “Indenture”). The terms of the Indenture are incorporated
herein by reference. This Security shall in all respects be entitled to the same benefits as
definitive Debt Securities under the Indenture.

     If and to the extent any provision of the Indenture limits, qualifies or conflicts with any
other provision of the Indenture that is required to be included in the Indenture or is deemed
applicable to the Indenture by virtue of the provisions of the Trust Indenture Act of 1939, as
amended (the “TIA”), such required provision shall control.

     The Company hereby irrevocably undertakes to the Holder hereof to exchange this Security in
accordance with the terms of the Indenture without charge.

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

B-2

 

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

Dated: August 24, 2011

	 	 	 	 	 
	 	ENTERPRISE PRODUCTS OPERATING LLC

 	 
	 	By:  	Enterprise Products OLPGP, Inc.,
its sole manager
 	 
	 	 	 	 
	 	 	 	 
	 	By:  	
 	 
	 	 	Name:  	W. Randall Fowler 	 
	 	 	Title:  	Executive Vice President and 
Chief
Financial Officer 	 
	 

TRUSTEE’S CERTIFICATE OF AUTHENTICATION:

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

	 	 	 	 	 
	 	WELLS FARGO BANK, NATIONAL ASSOCIATION,

as Trustee

 	 
	 	By:  	 	 
	 	 	Authorized Signatory 	 
	 	 	 	 

B-3

 

[REVERSE OF SECURITY]

ENTERPRISE PRODUCTS OPERATING LLC

5.70% SENIOR NOTE DUE 2042

     This Security is one of a duly authorized issue of debentures, notes or other evidences of
indebtedness of the Company (the “Debt Securities”) of the series hereinafter specified, all issued
or to be issued under and pursuant to the Indenture, to which Indenture reference is hereby made
for a description of the rights, limitations of rights, obligations, duties and immunities
thereunder of the Trustee, the Company, the Parent Guarantor and the Holders of the Debt
Securities. The Debt Securities may be issued in one or more series, which different series may be
issued in various aggregate principal amounts, may mature at different times, may bear interest (if
any) at different rates, may be subject to different sinking, purchase or analogous funds (if any)
and may otherwise vary as provided in the Indenture. This Security is one of a series designated
as the 5.70% Senior Notes due 2042 of the Company, in initial aggregate principal amount of
$600,000,000 (the “Securities”).

1. Interest.

     The Company promises to pay interest on the principal amount of this Security at the rate of
5.70% per annum.

     The Company will pay interest semi-annually on February 15 and August 15 of each year (each an
“Interest Payment Date”), commencing February 15, 2012. Interest on the Securities will accrue
from and including the most recent date to which interest has been paid or, if no interest has been
paid on the Securities, from and including August 24, 2011. Interest will be computed on the basis
of a 360-day year consisting of twelve 30-day months. The Company shall pay interest (including
post-petition interest in any proceeding under any applicable bankruptcy laws) on overdue
installments of interest (without regard to any applicable grace period) and on overdue principal
and premium, if any, from time to time on demand at the same rate per annum, in each case to the
extent lawful.

2. Method of Payment.

     The Company shall pay interest on the Securities (except Defaulted Interest) to the persons
who are the registered Holders at the close of business on the Regular Record Date immediately
preceding the Interest Payment Date. Any such interest not so punctually paid or duly provided for
(“Defaulted Interest”) may be paid to the persons who are registered Holders at the close of
business on a special record date for the payment of such Defaulted Interest, or in any other
lawful manner not inconsistent with the requirements of any securities exchange on which such
Securities may then be listed if such manner of payment shall be deemed practicable by the Trustee,
as more fully provided in the Indenture. The Company shall pay principal, premium, if any, and
interest in such coin or currency of the United States of America as at the time of payment shall
be legal tender for payment of public and private debts. Payments in respect of a Global Security
(including principal, premium, if any, and interest) will be made by wire transfer of immediately
available funds to the accounts specified by the Depositary. Payments in respect of Securities in
definitive form (including principal, premium, if any, and

B-4

 

interest) will be made at the office or agency of the Company maintained for such purpose
within The City of New York, which initially will be the corporate trust office of Wells Fargo
Bank, National Association at 45 Broadway, 14th Floor, New York, New York 10006, or, at the option
of the Company, payment of interest may be made by check mailed to the Holders on the relevant
record date at their addresses set forth in the Debt Security Register of Holders or at the option
of the Holder, payment of interest on Securities in definitive form will be made by wire transfer
of immediately available funds to any account maintained in the United States, provided such Holder
has requested such method of payment and provided timely wire transfer instructions to the paying
agent. The Holder must surrender this Security to a paying agent to collect payment of principal.

3. Paying Agent and Registrar.

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

4. Indenture.

     This Security is one of a duly authorized issue of Debt Securities of the Company issued and
to be issued in one or more series under the Indenture.

     Capitalized terms herein are used as defined in the Indenture unless otherwise defined herein.
The terms of the Securities include those stated in the Original Indenture, those made part of the
Indenture by reference to the TIA, as in effect on the date of the Original Indenture, and those
terms stated in the Twenty-First Supplemental Indenture. The Securities are subject to all such
terms, and Holders of Securities are referred to the Original Indenture, the Twenty-First
Supplemental Indenture and the TIA for a statement of them. The Securities of this series are
general unsecured obligations of the Company limited to an initial aggregate principal amount of
$600,000,000; provided, however, that the authorized aggregate principal amount of such series may
be increased from time to time as provided in the Twenty-First Supplemental Indenture.

5. Optional Redemption.

     The Securities are redeemable, at the option of the Company, at any time in whole, or from
time to time in part, at a redemption price (the “Make-Whole Price”) equal to the greater of: (i)
100% of the principal amount of the Securities to be redeemed; or (ii) the sum of the present
values of the remaining scheduled payments of principal and interest (at the rate in effect on the
date of calculation of the redemption price) on the Securities to be redeemed (exclusive of
interest accrued to the Redemption Date) discounted to the Redemption Date on a semi-annual basis
(assuming a 360-day year consisting of twelve 30-day months) at the applicable Treasury Yield plus
35 basis points; plus, in either case, accrued interest to the Redemption Date.

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

B-5

 

     “Treasury Yield” means, with respect to any Redemption Date applicable to the Securities, the
rate per annum equal to the semi-annual equivalent yield to maturity (computed as of the third
Business Day immediately preceding such Redemption Date) of the Comparable Treasury Issue, assuming
a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal
to the applicable Comparable Treasury Price for such Redemption Date.

     “Comparable Treasury Issue” means the United States Treasury security selected by the
Independent Investment Banker as having a maturity comparable to the remaining term of the
Securities to be redeemed that would be utilized, at the time of selection and in accordance with
customary financial practice, in pricing new issues of corporate debt securities of comparable
maturity to the remaining term of the Securities to be redeemed; provided, however, that if no
maturity is within three months before or after the maturity date for such Securities, yields for
the two published maturities most closely corresponding to such United States Treasury security
will be determined and the treasury rate will be interpolated or extrapolated from those yields on
a straight line basis rounding to the nearest month.

     “Independent Investment Banker” means any of Barclays Capital Inc., Merrill Lynch, Pierce,
Fenner & Smith Incorporated, Citigroup Global Markets Inc., Mizuho Securities USA Inc., SunTrust
Robinson Humphrey, Inc. and Wells Fargo Securities, LLC, and their respective successors or, if no
such firm is willing and able to select the applicable Comparable Treasury Issue, an independent
investment banking institution of national standing appointed by the Trustee and reasonably
acceptable to the Company.

     “Comparable Treasury Price” means, with respect to any Redemption Date, (a) the average of the
Reference Treasury Dealer Quotations for the Redemption Date, after excluding the highest and
lowest Reference Treasury Dealer Quotations, or (b) if the Independent Investment Banker obtains
fewer than six Reference Treasury Dealer Quotations, the average of all such quotations.

     “Reference Treasury Dealer” means each of Barclays Capital Inc., Merrill Lynch, Pierce, Fenner
& Smith Incorporated, Citigroup Global Markets Inc., Mizuho Securities USA Inc., SunTrust Robinson
Humphrey, Inc. and Wells Fargo Securities, LLC, so long as it is a Primary Treasury Dealer at the
relevant time and, if it is not then a Primary Treasury Dealer, then a Primary Treasury Dealer
selected by it, and in each case their respective successors (each, a “Primary Treasury Dealer”);
provided, however, that if any of the foregoing shall not be a Primary Treasury Dealer at such time
and shall fail to select a Primary Treasury Dealer, then the Issuer will substitute therefor
another Primary Treasury Dealer.

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

B-6

 

     Except as set forth above, the Securities will not be redeemable prior to their Stated
Maturity and will not be entitled to the benefit of any sinking fund.

     Securities called for optional redemption become due on the Redemption Date. Notices of
optional redemption will be mailed at least 30 but not more than 60 days before the Redemption Date
to each Holder of the Securities to be redeemed at its registered address. The notice of optional
redemption for the Securities will state, among other things, the amount of Securities to be
redeemed, the Redemption Date, the method of calculating such redemption price and the place(s)
that payment will be made upon presentation and surrender of Securities to be redeemed. Unless the
Company defaults in payment of the redemption price, interest will cease to accrue on the
Redemption Date with respect to any Securities that have been called for optional redemption. If
less than all the Securities are redeemed at any time, the Trustee will select the Securities to be
redeemed on a pro rata basis, by lot, or by such other method the Trustee deems fair and
appropriate.

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

6. Denominations; Transfer; Exchange.

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

7. Person Deemed Owners.

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

8. Amendment; Supplement; Waiver.

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

9. Defaults and Remedies.

     Certain events of bankruptcy or insolvency are Events of Default that will result in the
principal amount of the Securities, together with premium, if any, and accrued and unpaid

B-7

 

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

10. Trustee Dealings with Company.

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

11. Authentication.

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

12. Abbreviations and Defined Terms.

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

13. CUSIP Numbers.

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

14. Absolute Obligation.

B-8

 

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

15. No Recourse.

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

16. Governing Law.

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

17. Guarantee.

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

18. Reliance.

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

B-9

 

NOTATION OF GUARANTEE

     The Parent Guarantor (which term includes any successor Person under the Indenture), has
fully, unconditionally and absolutely guaranteed, to the extent set forth in the Indenture and
subject to the provisions in the Indenture, the due and punctual payment of the principal of, and
premium, if any, and interest on the Securities and all other amounts due and payable under the
Indenture and the Securities by the Company.

     The obligations of the Parent Guarantor to the Holders of Securities and to the Trustee
pursuant to its Guarantee and the Indenture are expressly set forth in Article XIV of the Indenture
and reference is hereby made to the Indenture for the precise terms of the Guarantee.

	 	 	 	 	 
	 	ENTERPRISE PRODUCTS PARTNERS L.P.

 	 
	 	By:  	Enterprise Products Holdings LLC,
its General Partner
 	 
	 	 	 	 
	 	By:  	
 	 
	 	 	Name:  	W. Randall Fowler 	 
	 	 	Title:  	Executive Vice President and 
Chief
Financial Officer 	 

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ABBREVIATIONS

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

	 	 	 	 	 	 	 	 	 

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

	 	 	 	 	 	 	 	 
	 

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

	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	(Minor)
	 	 	 	 	 	 	under Uniform Gifts to	 	 
	JT TEN	 	—	 	as joint tenants with	 	Minors Act of	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	right of survivorship and	 	 	 	(State)
	 

	 	 	 	not as tenants in common
	 	 	 	 

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

 

ASSIGNMENT

     FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto

PLEASE INSERT SOCIAL SECURITY OR OTHER

IDENTIFYING NUMBER OF ASSIGNEE

 

 

Please print or type name and address including postal zip code of assignee

 

 

the within Security and all rights thereunder, hereby irrevocably constituting and appointing

 

to transfer said Security on the books of the Company, with full power of substitution in the
premises.

			
	 	 	 
	 
	 
	 
	 	 
	Dated                                                             
	 	Registered Holder

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SCHEDULE OF INCREASES OR DECREASES

IN GLOBAL SECURITY†

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

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

 

			
	†	 	To be included in a Book-Entry Note.

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