FIRST AMENDMENT TO THE TEXAS EASTERN PRODUCTS PIPELINE COMPANY RETENTION INCENTIVE COMPENSATION PLAN PHANTOM UNIT AWARD AGREEMENTPhantom Unit Award Agreement • March 2nd, 2009 • Teppco Partners Lp • Wholesale-petroleum & petroleum products (no bulk stations)
WHEREAS, Texas Eastern Products Pipeline Company, LLC (“TEPPCO”) maintains the Texas Eastern Products Pipeline Company Retention Incentive Compensation Plan (the“Plan”); and
TPP Unit Appreciation Right GrantTPP Unit Appreciation Right Grant • March 2nd, 2009 • Teppco Partners Lp • Wholesale-petroleum & petroleum products (no bulk stations) • Texas
EPCO, Inc. (“Company”) is pleased to inform you that you have been granted, under the EPCO, Inc. 2006 TPP Long-Term Incentive Plan, as the same may from time to time hereafter be amended, supplemented or modified (the “Plan”), TPP Unit Appreciation Rights (“UARs”) as set forth above with TPP being TEPPCO Partners, L.P. (“Partnership”). Texas Eastern Products Pipeline Company, LLC (“General Partner”) is the sole general partner of the Partnership. The terms of the Award are as follows:
