All of TextPipe Pro's processing is done with pure text - TextPipe has no understanding of 'NULL' data values. When DataPipe encounters a NULL column value, it converts it to the text value '<NULL>'. You will see this value in the data preview tab and in the result preview tab.
Similarly, if TextPipe Pro passes back a text value of '<NULL>', DataPipe converts it to the data value of NULL and copies it into the column.
If you wish, you can prevent TextPipe Pro from processing NULLs using one of the following methods: