(j) The defeasance and covenant defeasance provisions of Article XI
of the Indenture, including both Sections 11.02 and 11.03 of the Indenture, will apply to the Notes.
(k) The Notes
shall be issued in the form of one or more Global Debt Securities substantially in the form of security attached hereto as Exhibit A. The Partnership initially appoints The Depository Trust Company to act as Depositary with respect to
the Notes. Additional provisions applicable to the Notes issued in the form of a Global Security are set forth in the form of security attached hereto as Exhibit A.
(l) The Notes shall be issuable only in denominations of $2,000 and integral multiples of $1,000 in excess thereof.
(m) The Trustee will initially act as the Registrar for the Notes and as the paying agent with respect to the
Notes. The Place of Payment will be The Bank of New York Mellon Trust Company, N.A., 240 Greenwich Street, New York, New York 10286.
(n) Except as otherwise set forth herein and in the Notes, the terms of the Notes shall be as set forth in the
Indenture, including those made part of the Indenture by reference to the TIA.
Section 4. Additional
Covenants. In addition to the covenants set forth in Article IV of the Indenture, the following additional covenants shall apply with respect to the Notes:
Section 4.10 Mortgage of Certain Property.
If the Partnership or any Subsidiary of the Partnership shall Mortgage as security for any indebtedness for money borrowed any pipeline,
terminal or other logistics or storage property or asset employed in the transportation, distribution, storage, terminalling, processing or marketing of crude oil, natural gas, condensate or refined products that (i) is located in the United
States and (ii) is determined to be a principal property by the Board of Directors in its discretion, the Partnership will secure, or will cause such Subsidiary to secure, the Notes and all other Debt Securities equally and ratably with all
indebtedness or obligations secured by the Mortgage then being given; provided, however, that this covenant shall not apply in the case of:
any Mortgage existing on February 12, 2015 (whether or not such Mortgage includes an after-acquired
any Mortgage, including a purchase money Mortgage, incurred in connection with the acquisition or construction
of any property (for purposes hereof, the creation of any Mortgage within one hundred eighty (180) days after the acquisition or completion of construction of such property shall be deemed to be incurred in connection with the acquisition of
such property), the assumption of any Mortgage previously existing on such acquired property or any Mortgage existing on the property of any entity when such entity becomes a Subsidiary of the Partnership;