Document:

Goinstant, Inc. Stock Option Plan.

 Exhibit 4.1 
 GOINSTANT, INC. 
 STOCK OPTION PLAN 

ARTICLE 1 
 INTERPRETATION 
 1.1 Interpretation. In this Plan, the following terms shall have
the following meanings: 
  

	 	(a)	“Affiliate” has the meaning given to it in the Securities Act (Ontario); 

 

	 	(b)	“Applicable Law” means the laws, regulations, orders and directives of any applicable jurisdiction, including the rules applicable under any securities
laws and the rules applicable on any stock exchange or quotation system upon which the Corporation securities are or are proposed to be listed; 

  

	 	(c)	“Board” means the Board of Directors of the Corporation, or any committee of the Board designated by the Board to administer the Plan;

  

	 	(d)	“Consultant” means an individual that is engaged to provide consulting, technical, management or other services to the Corporation or an Affiliate of
the Corporation under a written agreement between the Corporation or the Affiliate and the individual, or a company or partnership of which that individual is an employee, shareholder or partner; 

 

	 	(e)	“Control”: a company shall be deemed to be controlled by an individual if: 

 

	 	(i)	voting securities of the company carrying more than 50% of the votes for the election of directors are held, otherwise than by way of security only, by or for the
benefit of the individual; and 

  

	 	(ii)	the votes carried by such securities are entitled, if exercised, to elect a majority of the board of directors of the company, 

and “Controlled” shall have a corresponding meaning; 

 

	 	(f)	“Corporation” means Goinstant, Inc. and its successors; 

  

	 	(g)	“Disability”: 

  

	 	(i)	has the meaning given to that or a similar term in any written employment or consulting agreement between the Corporation and the Eligible Person or in any written
employment policy, manual or insurance policy of the Corporation; or 

  

	 	(ii)	if clause (i) does not apply, means a mental or physical state of an Eligible Person that results in the Eligible Person being unable, as a result of illness,
disease, mental or physical disability or similar cause, as determined by a legally qualified medical practitioner selected by the Corporation, to fulfil the Eligible Person’s obligations to the Corporation either for any consecutive 180 day
period or for any period of 180 days (whether or not consecutive) in any consecutive 365 day period; 

  

	 	(h)	“Eligible Person” means: 

  

	 	(i)	any director, officer, Consultant, or employee of the Corporation or any Affiliate of the Corporation (and includes any of these persons who are on an approved leave of
absence authorized by the Board or the board of directors of any Affiliate) (an “Eligible Individual”); or 

	 	(ii)	a Personal Holding Corporation; or 

  

	 	(iii)	a Trust; or 

  

	 	(iv)	any person designated as an “Eligible Person” by the Board; 

  

	 	(i)	“Fair Value” means on any given date that amount determined by the Board, in its discretion, to be the fair market value of the Shares;

  

	 	(j)	“Option” means an option, to purchase Shares, granted to a Participant under the Plan; 

 

	 	(k)	“Option Agreement” has the meaning given to such term in Section 4.4; 

 

	 	(l)	“Participant” means such Eligible Persons as are granted or hold options to purchase shares by the Board pursuant to the Plan and includes the relevant
Eligible Individual with respect to Options held by a Personal Holding Corporation or Trust; 

  

	 	(m)	“Personal Holding Corporation” means a corporation, Controlled by an Eligible Individual, the issued and outstanding shares of which are beneficially
owned, directly or indirectly, only by such Eligible Individual and/or the spouse, children and/or grandchildren of such Eligible Individual; 

  

	 	(n)	“Plan” means this Stock Option Plan, as it may be amended from time to time; 

 

	 	(o)	“Shareholders Agreement” means the Corporation’s unanimous shareholder agreement, as it may be amended from time to time in accordance therewith;

  

	 	(p)	“Shares” means the common shares in the capital of the Corporation; 

 

	 	(q)	“Termination Date” means the date on which a person ceases to be an Eligible Person under this Plan; 

 

	 	(r)	“Trust” means a trust governed by a registered retirement savings plan established by and solely for the benefit of an Eligible Individual and
“Trustee” shall mean the trustee in respect of the Trust; 

  

	 	(s)	“Voting Trust Agreement” means the Corporation’s form of voting trust agreement, as it may be amended from time to time in the sole discretion of
the Corporation and in accordance therewith; and 

  

	 	(t)	“Voting Trustee” has the meaning given to it in the Voting Trust Agreement. 

ARTICLE 2 
 PURPOSE OF THIS PLAN; THE SHARES 
 2.1 Purpose. The purpose of this Plan is to
advance the interests of the Corporation and its shareholders by providing to Participants a performance incentive for continued and improved service with the Corporation and its Affiliates and by enhancing such persons’ contribution to
increased profits by encouraging capital accumulation and share ownership. 

  
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 2.2 Shares Subject to this Plan. Options may be granted in respect of authorized and unissued Shares,
provided that the aggregate number of Shares reserved for issuance upon the exercise of all Options granted under this Plan, subject to any adjustment of such number pursuant to the provisions of this Plan, shall not exceed such number as may be
determined by the Board from time to time and (if required) approved by any relevant stock exchange or other regulatory authority and (if required), by all or a specified majority of the shareholders of the Corporation. Shares which are not
purchased, as a result of Options having terminated or expired without being exercised, shall not be counted for purposes of the foregoing and shall be available for subsequent Options. No fractional Shares may be purchased or issued under this
Plan. 
 ARTICLE 3 
 ADMINISTRATION OF THIS PLAN 
 3.1 Administration of this Plan. This Plan will be
administered by the Board. The Board will have full authority to administer this Plan including the authority to interpret and construe any provision of this Plan and to adopt, amend and rescind such rules and regulations for administering this Plan
as the Board may deem necessary in order to comply with the requirements of this Plan. All actions taken and all interpretations and determinations made by the Board in good faith will be final and conclusive and will be binding on Participants and
the Corporation. No member of the Board will be personally liable for any action taken or determination or interpretation made in good faith in connection with this Plan. The appropriate officers of the Corporation are hereby authorized and
empowered to do all things and execute and deliver all instruments, undertakings and applications and writings as they, in their absolute discretion, consider necessary for the implementation of this Plan and of the rules and regulations established
for administering this Plan. All costs incurred in connection with administration of this Plan will be for the account of the Corporation. 

3.2 Authority of the Board. The Board shall have, in addition to any powers expressly granted in this Plan, the power to: 

 

	 	(a)	adopt policies, rules and regulations and prescribe forms and procedures for implementing this Plan; 

 

	 	(b)	determine the Eligible Persons to whom Options may be granted; 

  

	 	(c)	grant Options to Eligible Persons and, with their consent, amend such Options to such extent as the Board would have been authorized hereunder to initially grant;

  

	 	(d)	determine the terms of any Option grant, including any limitations, restrictions and conditions upon any Option grant, including, without limitation, the exercise price
of Options, the time or times at which Options may be granted, and the time or times at which an Option may be exercisable and the duration of the exercise period; 

 

	 	(e)	issue Shares upon the exercise of Options; 

  

	 	(f)	effect any repurchase of Shares, Options or other rights contemplated by this Plan; 

 

	 	(g)	lower the exercise price of an Option after it has been granted, cancel an Option in exchange for a new Option or security, or take any other action that would be
considered repricing of an Option under GAAP; 

  

	 	(h)	make exceptions to this Plan in such circumstances as the Board may determine; 

 

	 	(i)	interpret this Plan and adopt, amend or rescind any administrative guideline and other rule or regulation relating to this Plan as it may from time to time consider
advisable, subject to any approval required under Applicable Law; 

  
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	 	(j)	delegate any or all of its power and authority under this Section to such persons or groups of persons on such terms and on such conditions as the Board may in its
absolute discretion determine; and 

  

	 	(k)	make all other determinations and take all other actions in connection with the implementation and administration of this Plan as it may consider necessary or
advisable. 

  

	(2)	The Board’s guidelines, rules, regulations, interpretations and determinations will be conclusive and binding upon all parties. 

3.3 Fair Value. The Board will, not less than once per calendar year, determine the Fair Value. The Board shall have regard to such factors as it
considers relevant in making a determination of Fair Value, and subject to this Section may determine Fair Value as frequently as it determines circumstances warrant. Subject to any Applicable Law, if the Shares are listed on The Toronto Stock
Exchange or another stock exchange designated for such purpose by the Board, the Fair Value shall be the weighted average trading price of the Shares on such stock exchange on the last trading day on which Shares traded prior to the date on which an
Option is granted, provided that if no Shares traded in the five trading days prior to the date on which an Option is granted, the Fair Value shall be the average of the closing bid and ask prices on the last trading day prior to the date on which
an Option is granted. 
 ARTICLE 4 
 OPTIONS AND OPTION GRANTS; EXERCISE OF OPTIONS 
 4.1 Grant of Options. Subject to
the terms of this Plan, the Board may, from time to time, grant Options to Eligible Persons to purchase that number of Shares that the Board, in its absolute discretion, determines. No person shall enjoy any part of the rights or privileges of a
holder of Shares subject to Options until that person exercises an Option in accordance with this Plan. 
 4.2 Option Exercise Price.
Subject to any determination by the Board in the case of any particular grant of an Option, the exercise price per Share of an Option shall be not less than the Fair Value per Share on the date the grant of the Option is effective. 

4.3 Option Expiry, Vesting and Exercise. 
  

	(1)	Options granted must be exercised within such period of time as shall be determined by the Board, provided that no Option may be exercised later than seven
(7) years after the date of grant (or within any lesser period that the applicable grant, this Plan or any applicable law or regulatory authority may require). No Option may be exercised after its stated expiration date.

  

	(2)	The Board will determine when any Option will become exercisable and may determine that an Option will be exercisable in instalments. If not otherwise determined by the
Board, 25% of the number of Options granted will vest on the first anniversary of the grant and thereafter 1/36 of the number granted will vest on the last day of each month after such anniversary, beginning on the last day of the month in which
such anniversary falls, until such time as the total number of Options have vested, subject to early termination in accordance with this Plan, with any part Shares due to rounding vesting in the last month. 

 

	(3)	No part of an Option shall vest unless the Participant is an Eligible Person on the date on which such vesting would otherwise occur, and all vesting of an Option shall
cease on the date that the Participant ceases to be an Eligible Person. An Option or portion thereof that has not vested on or prior to the Termination Date will no longer be exercisable. 

 

	(4)	If a Participant ceases to be an Eligible Person as a result of: 

  
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	 	(a)	the termination by the Corporation without cause of the Participant’s employment or engagement; 

 

	 	(b)	the retirement of the Participant; 

  

	 	(c)	the resignation of the Participant; or 

  

	 	(d)	the expiration of a Consultant’s contract, 

 each Option held by the Participant which has vested on or prior to the Termination Date will cease to be exercisable at 11:59 p.m. (Toronto time) on the day that is ninety (90) days after the
Termination Date unless otherwise determined by the Board. 
  

	(5)	If a Participant ceases to be an Eligible Person as a result of the termination by the Corporation for cause or for breach of the Participant’s employment or
engagement or for the removal of a director from office, each Option held by the Participant which has vested on or prior to the Termination Date will cease to be exercisable immediately upon receipt of the Corporation’s notice of termination.

  

	(6)	On the Disability or death of a Participant, each Option held by the Participant which has vested on or prior to the date of Disability or death will cease to be
exercisable at 11:59 p.m. (Toronto time) on the day that is sixty (60) days after the date of Disability or death. In the event of death, the legal representative(s) of the Participant shall have the right to exercise vested Options in
accordance with this Plan. 

  

	(7)	An Option may be exercised at any time, or from time to time, during its term as to any number of whole Shares which are then available for purchase; provided that
unless fewer remain unexercised no partial exercise may be for less than 100 whole Shares. A Participant electing to exercise an Option shall give written notice of the election to the Board, in the form of Schedule 2 or in any other form prescribed
by the Board. The aggregate amount to be paid for the Shares to be acquired pursuant to the exercise of an Option shall accompany the written notice. 

  

	(8)	In the event a Participant takes an approved leave of absence (whether with or without pay), for more than thirty (30) days, but where the Participant returns to
its employment, the vesting of the Options shall be deferred by the length of the absence, but the term of the Options will not be extended. 

  

	(9)	Notwithstanding the provisions of Sections 4.3(3) to 4.3(8) inclusive, the Board may, in its discretion, at any time prior to or following the events contemplated in
such sections, permit the exercise of any or all Options held by the Participant in the manner and on the terms authorized by the Board. 

 4.4 Ceasing to be an Eligible Person. A Participant will cease to be an Eligible Person on the earliest of: 
  

	 	(a)	the last day of the notice period if the Corporation or its Affiliate gives the Participant notice of termination of employment, or the Participant gives the
Corporation or its Affiliate notice of resignation of employment, and the Participant continues to work during any notice period; 

  

	 	(b)	the date on which the Participant gives the Corporation or its Affiliate notice of resignation from employment, if the Participant does not work during any notice
period; 

  
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	 	(c)	the date on which the Corporation or its Affiliate gives the Participant notice of termination of employment (with or without cause) or notice of removal from the
Board, and not the date on which any period of notice of termination (whether statutory, common law or contractual) expires, if the Participant does not work during any notice period; 

 

	 	(d)	the date of the Participant’s retirement from employment; 

  

	 	(e)	the date of the Participant’s death or Disability; 

  

	 	(f)	if the Participant is a Consultant, the date on which (A) the Corporation or its Affiliate gives the Participant notice of termination of the Participant’s
consulting contract with the Corporation or any Affiliate of the Corporation, whether with or without cause, or (B) the Participant gives the Corporation or its Affiliate notice of termination of such contract, whether with or without cause, or
(C) such contract expires; 

  

	 	(g)	the date on which the Participant otherwise fails to meet the criteria set out under the definition of an Eligible Person; and 

 

	 	(h)	in any other case, the actual date on which both the Participant and the Corporation had actual notice that the Participant’s employment or service as a Consultant
would cease on a particular date. 

 For greater certainty, the above dates will apply whether or not the
Participant receives or is entitled to receive any payment in lieu of notice. 
 4.5 Agreements. All Options shall be evidenced by an
agreement between the Corporation and the Participant (including, if applicable, the Eligible Individual in question together with the Personal Holding Corporation or Trustee which is to acquire the Options) in the form of Schedule 1, or in such
other form as the Board may from time to time or in respect of any particular Participant determine (the “Option Agreement”). It shall be a condition precedent to the exercise of any Option that the Participant (and, if applicable,
the applicable Eligible Individual together with the Personal Holding Corporation or Trustee which is to acquire the Options) also execute and deliver to the Corporation (i) an assumption agreement in such form as the Corporation may from time
to time determine, under which the foregoing Persons become a party to the Shareholders Agreement; and (ii) an assumption agreement in such form as the Corporation may from time to time determine, under which the foregoing persons become a
party to the Voting Trust Agreement. The Shareholders Agreement and Voting Trust Agreement each provide for restrictions on a Participant’s rights in respect of the applicable Shares. Copies of the then current forms of the Shareholders
Agreement and Voting Trust Agreement are available for inspection by Participants on request. Any one officer of the Corporation is authorized and empowered to execute and deliver, for and on behalf of the Corporation, such agreements to such
persons. 
 4.6 Retirement Savings Plans. Eligible Individuals may, in their sole discretion, elect to have some or all of any Options to
be granted to them to instead be granted to a Trust or to a Personal Holding Corporation Controlled by them. Such election must be made prior to the execution of the Option Agreement. For the purposes of this Plan, Options held by Trusts established
for the benefit of the Eligible Individual or by the Personal Holding Corporation of an Eligible Individual shall be considered to be held by that Eligible Individual. 
 4.7 Additional Conditions on Exercise. Notwithstanding any of the provisions of this Plan or any Option or Option Agreement, the Corporation’s obligation to issue Shares to a Participant
pursuant to the exercise of any Option shall be subject to: 
  

	 	(a)	completion of such registration or other qualification of such Shares or obtaining approval of such governmental or regulatory authority as the Corporation shall
determine to be necessary or advisable in connection with the authorization, issuance or sale thereof; 

  
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	 	(b)	the admission of such Shares to listing on any stock exchange on which the Shares may then be listed; and 

 

	 	(c)	the receipt from the Participant of such representations, warranties, agreements and undertakings as the Corporation determines to be necessary or advisable in order to
safeguard against the violation of the securities laws of any jurisdiction. 

 4.8 Registration of Certificates for Shares.
No Participant will receive a Share certificate upon the exercise of an Option. Share certificates representing Shares issuable upon the exercise of Options shall be issued in the name of and deposited with the Voting Trustee, subject to the terms
of the Voting Trust Agreement and the Shareholders Agreement. 
 ARTICLE 5 

CERTAIN TRANSACTIONS 

5.1 Subdivisions, Consolidations, Etc. Appropriate adjustments as regards Options granted or to be granted, in the number of Shares which are
available for purchase and/or in the purchase price for such Shares under the Plan and to the maximum number of Shares available for issuance under the Plan shall be made by the Board to give effect to the number of Shares of the Corporation
resulting from subdivisions, consolidations or reclassifications of the Shares, the payment of stock dividends by the Corporation (other than dividends in the ordinary course) or other changes in the capital stock of the Corporation which the Board
may, in its discretion, consider relevant for purposes of ensuring that the rights of Participants are not prejudiced thereby (including amalgamations, mergers, reorganizations, liquidations and similar material transactions), subject to the
approval, if required, of any stock exchange on which the securities of the Corporation may be listed. 
 5.2 Certain Transactions. If:
(a) the Corporation proposes to enter into a transaction contemplated in Subsection 182(1) of the Business Corporations Act (Ontario); (b) the Corporation proposes to make an issuer bid for all or substantially all holders of shares or
proposes to enter into a merger, amalgamation or other corporate arrangement or reorganization or to liquidate, dissolve or wind-up; (c) an offer to purchase all (or any and all) of the outstanding shares of the Corporation is made by a third
party; (d) there occurs or is proposed a sale or transfer of all, or substantially all, of the undertaking, property or assets of the Corporation; or (e) there occurs a mandatory escrow or repricing of unexercised Options pursuant to a
request made by an underwriter or securities regulatory body in connection with an initial public offering of securities of the Corporation, the Board may determine the manner in which any unexercised Option granted under this Plan shall be treated
including, for example, requiring the escrowing of any such Option, permitting the conditional exercise of any such Option, repricing any such Option’s exercise price, requiring the acceleration of the expiry time for the exercise of all or a
portion of any such Option by the Participant and of the time for the fulfillment of any conditions or restrictions on such exercise, and/or declaring that any (or a portion of any) outstanding Option shall be automatically vested and exercisable in
full or in part. All determinations of the Board pursuant to this Section 5.2 shall be final. 
 5.3 Idem. If at any time after the
grant of an Option to any Participant and prior to the expiration of the term of such Option, the Shares shall be reclassified, reorganized or otherwise changed, otherwise than as specified in Section 5.2, or the Corporation shall consolidate,
merge or amalgamate with or into another corporation (the corporation resulting or continuing from such consolidation, merger or amalgamation being herein called the “Successor Corporation”) the Participant shall be entitled to
receive upon the subsequent exercise of his or her Option in accordance with the terms hereof and shall accept in lieu of the number of Shares to which he or she was theretofore entitled upon such exercise, but for the same aggregate consideration
payable therefor, the aggregate number of shares of the appropriate class and/or other securities of the Corporation or the Successor Corporation (as the case may be) and/or other consideration from the Corporation or the Successor Corporation (as
the case may be) that the Participant would have been entitled to receive as a result of such reclassification, reorganization or other change or consolidation, merger or amalgamation, if on the record date of such reclassification, reorganization
or other change or the effective date of such consolidation, merger or amalgamation, as the case may be, he or she had been the registered holder of the number of Shares to which he or she was theretofore entitled upon such exercise. 

  
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 ARTICLE 6 
 GENERAL 
 6.1 Transferability. Options may only be exercised by the Participant
(including a Trust or Personal Holding Corporation), and upon the Participant’s death, the legal representative of his or her estate. Options are non-assignable and, accordingly, a Participant exercising an Option may subscribe for Shares only
in his or her own name, on behalf of a Trust, in the name of his or her Personal Holding Corporation or in his or her capacity as a legal representative. Upon any attempt to, directly or indirectly, transfer, assign, pledge, hypothecate or otherwise
dispose of an Option contrary to the provisions of this Plan, or upon the levy of any attachment or similar process upon an Option or upon the bankruptcy of a Participant, the Option shall, at the election of the Corporation, cease and terminate and
be of no further force or effect whatsoever. 
 6.2 Withholding Amounts. The exercise of each Option granted under this Plan is subject
to the condition that if at any time the Corporation determines, in its discretion, that the satisfaction of withholding tax or other withholding liabilities is necessary or desirable in respect of such exercise, such exercise is not effective
unless such withholding has been effected to the satisfaction of the Corporation. In such circumstances, the Corporation may require that a Participant pay to the Corporation, in addition to and in the same manner as the exercise price for the
Shares, such amount as the Corporation is obliged to remit to the relevant taxing authority in respect of the exercise of the Option. Any such additional payment is due no later than the date as of which any amount with respect to the Option
exercised first becomes includable in the gross income of the Participant for tax purposes. 
 6.3 Substitute Options. The Corporation
may grant Options under the Plan in substitution for options held by employees or directors or consultants of another corporation who become Eligible Persons as the result of a merger or consolidation of the employing corporation with the
Corporation, or as a result of the acquisition by the Corporation of property or securities of the employing corporation. The Corporation may direct that substitute Options be granted on terms and conditions that the Board considers appropriate in
the circumstances. 
 6.4 Other Employee Benefits. The amount of any compensation deemed to be received by a Participant as a result of
the exercise of an Option or the sale of Shares received upon an exercise of an Option will not constitute compensation with respect to which any other employee benefits of that Participant are determined, including, without limitation, benefits
under any bonus, pension, profit-sharing, life insurance or salary continuation plan, except as otherwise specifically determined by the Board. 

6.5 Compliance with Statutes and Regulations. The granting of Options and the sale and delivery of Shares under this Plan shall be carried out in
compliance with Applicable Law. If the Board determines in its discretion that, in order to comply with any such statutes or regulations, certain action is necessary or desirable as a condition of or in connection with the granting of an Option or
the issue or purchase of Shares under an Option, that Option may not be exercised in whole or in part unless that action shall have been completed in a manner satisfactory to the Board. Nothing herein shall be deemed to require the Corporation to
apply for or to obtain any required listing, registration, qualification, consent or approval. For greater certainty, the Corporation shall not be required to qualify for distribution the Options or the Shares purchaseable thereunder pursuant to a
prospectus or registration statement. 
 6.6 No Right to Employment. Nothing in this Plan or any Option shall confer upon a Participant
any right to continue or be re-elected as a director of the Corporation or any right to continue in the employ or service of the Corporation or any Affiliate of the Corporation, or affect in any way the right of the Corporation or any Affiliate of
the Corporation to terminate his or her employment at any time; nor shall anything in this Plan or any Option be deemed or construed to constitute an agreement, or an expression of intent, on the part of the Corporation or any Affiliate of the
Corporation, to extend the employment of any 

  
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Participant beyond the time which he or she would normally be retired pursuant to the provisions of any present or future retirement plan of the Corporation or any Affiliate of the Corporation or
any present or future retirement policy of the Corporation or any Affiliate of the Corporation, or beyond the time at which he or she would otherwise be retired pursuant to the provisions of any contract of employment with the Corporation or any
Affiliate of the Corporation. 
 6.7 Amendments to and Administration of this Plan. The provisions of this Plan may be amended at any
time and from time to time by resolution of the Board without the consent of the Participants and this Plan, as amended, shall govern the rights and obligations of the Corporation and the Participants with respect to all then outstanding Options;
provided that: (a) unless the change is required by any securities commission, stock exchange or other governmental or regulatory body of any jurisdiction to which this Plan or the Corporation now is or hereafter becomes subject, or is made by
the Board in the course of a financing of the Corporation at the request of an investor, no such action may materially and adversely affect the rights of a Participant under any Options then outstanding without the consent of such Participant; and
(b) if required by applicable law or the rules of any stock exchange on which the securities of the Corporation are then listed, shareholder approval and other regulatory approval of the amended form of this Plan is received. Pending such
required approvals, additional Options may be granted under the provisions of this Plan, as amended, provided that all such required approvals are received prior to the issuance of any Shares of the Corporation on the exercise of any such additional
Options. 
 6.8 Termination of Plan. The Board may terminate this Plan at any time in its absolute discretion. If this Plan is so
terminated, no further Options shall be granted, but the Options then outstanding shall continue in full force and effect in accordance with the provisions of this Plan. 
 6.9 Successor Corporation. This Plan applies without any further formality or action to any corporation resulting from the amalgamation of the Corporation with one or more other corporations.

 6.10 Shareholders Agreement. The terms of the Plan and of any Option granted hereunder (including the terms of any option agreement)
shall be subject to the provisions of the Shareholders Agreement. In the event of any inconsistency or conflict between the provisions of the Shareholders Agreement and this Plan or any Option (including the provisions of any option agreement), the
provisions of the Shareholders Agreement shall prevail. 
 6.11 Compliance with Legislation and Certain Other Requirements. 

 

	(1)	The Corporation is not obligated by this Plan or any grant under it to, and will not, take any action required, permitted or otherwise contemplated by this Plan except
in accordance with Applicable Law. The Board may postpone or adjust any exercise of any Option or the issue of any Shares pursuant to this Plan or refrain from taking any action or exercising any right required, permitted or contemplated by the Plan
as the Board in its discretion may deem necessary in order to permit the Corporation to ensure compliance of this Plan or the issuance of Shares pursuant to it with Applicable Law. 

 

	(2)	If the Shares are listed on a stock exchange, the Corporation will have no obligation to issue any Shares pursuant to this Plan unless the Shares have been duly listed,
upon official notice of issuance, on that stock exchange. 

  

	(3)	If Applicable Laws prevent the exercise of an Option or the issue of a Share, the Board may, in addition to the rights referred to above, choose to address the economic
value of a Participant’s rights in whatever manner it deems to be reasonable in the circumstances, and action taken by the Corporation in consequence of that determination will be deemed to have satisfied the Corporation’s obligations as
they would otherwise have existed. 

  
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 6.12 Governing Law. This Plan, any Option Agreement, and any determinations made and actions taken in
connection with this Plan, shall be governed by and construed in accordance with the laws of the province of Ontario and the laws of Canada applicable therein. 
 6.13 Subject to Approval. This Plan is adopted subject to the approval of the shareholders of the Corporation (if required by law or regulation) and any other required regulatory approval. To the
extent a provision of this Plan requires regulatory approval which is not received, such provision shall be severed from the remainder of this Plan until the approval is received and the remainder of this Plan shall remain in effect. 

  
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 SCHEDULE 1 
 OPTION AGREEMENT 
 This Option Agreement is entered into between Goinstant, Inc.
(the “Corporation”) and the optionholder named below (the “Optionholder”) pursuant to the Corporation’s Stock Option Plan (the “Plan”), a copy of which is attached hereto, and confirms that subject to the Plan the
Corporation has granted the Optionholder options (the “Option”) to purchase Shares, in accordance with the following: 
  

			
	Start Date:	 	
		
	Number of Shares:	 	
		
	Exercise Price:	 	
		
	Vesting Schedule:	 	25% of the Options shall vest of the first anniversary of the Start Date, and the remaining 75% shall vest in thirty-six (36) equal monthly amounts, beginning at the end of the
month in which such anniversary falls, with any remainder due to rounding vesting in the final month.
	Expiry Date:	 	

 The Options are personal to the Optionholder and not transferable or assignable. Capitalized terms used and not defined
herein shall have the meanings ascribed thereto in the Plan. 
 As a condition to the exercise of each Option granted hereunder, the
Optionholder (and, if applicable, the applicable Eligible Individual together with the Personal Holding Corporation or Trustee which is to acquire the Options) shall execute and deliver to the Corporation (i) an assumption agreement in such
form as the Corporation may from time to time determine, under which the foregoing Persons become a party to the Shareholders Agreement; and (ii) an assumption agreement in such form as the Corporation may from time to time determine, under
which the foregoing persons become a party to the Voting Trust Agreement. The Shareholders Agreement and Voting Trust Agreement provide for restrictions on a Participant’s rights in respect of the applicable Shares, and the current forms
thereof are available for viewing on request. The Optionholder acknowledges that, among other things, the Voting Trust Agreement and the Shareholders Agreement provide for restrictions on transfers of Shares, give all voting rights attached to the
Shares to the Voting Trustee, and require the Optionholder to sell such Shares in certain circumstances. 
 This Agreement constitutes
Optionholder’s acknowledgement of, and undertaking to comply with, to the satisfaction of the Corporation, all applicable legal or other requirements of any applicable regulatory authority. Such requirements may include: (i) the placement
of legends on share certificates restricting transfer of such Shares; (ii) the making of representations by Optionholder that Optionholder is acquiring such Shares for investment and not with a view to distribution; (iii) the filing of any
required information or statements with any applicable regulatory authority; and (iv) the making of arrangements with the Corporation for the satisfaction of all federal and provincial income and employment tax withholding requirements
applicable to the Option exercise. Optionholder acknowledges and agrees that the Corporation may refuse to honor the exercise and refuse to deliver Shares if such withholding amounts are not delivered at the time of exercise. 

The Optionholder hereby acknowledges receipt of a copy of the Plan and represents that he/she is familiar with the terms and provisions thereof, have
reviewed the Plan and this Agreement in their entirety, have had an opportunity to obtain the advice of counsel prior to executing this Agreement and fully understands all provisions of this Agreement, and hereby accepts this Agreement subject to
all of the terms and provisions thereof. The Optionholder hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the Corporation upon any questions arising under the Plan or this Agreement. 

 The Optionholder acknowledges and agrees that his/her participation in the Plan, acceptance of the Option
granted hereunder and entering into of this Agreement is voluntary and has not been effected by expectation of employment or continued employment, appointment or continued appointment as an officer or director, or engagement or continued engagement
as a consultant, as the case may be. 
 Nothing in the Plan or in this Option Agreement will affect the Corporation’s right, or that of an
Affiliate, to terminate the employment of, term of office of, or consulting agreement or arrangement with an Optionholder in accordance with the applicable agreement. Upon such termination, an Optionholder’s rights to exercise Options will be
subject to restrictions and time limits for the exercise of Options. Details of such restrictions are set out in the Plan. 
 This Agreement and
the Plan together constitute the entire agreement between the parties pertaining to subject matter hereof, and supersede in their entirety any prior agreements, commitments or understandings concerning the subject matter of this Agreement. This
Agreement is governed by the laws of the Province of Ontario. Optionholder hereby attorns to the exclusive jurisdiction of the Province of Ontario in all matters pertaining to this Agreement. 
 IN WITNESS WHEREOF the Corporation and the Optionholder have executed this Option Agreement as of
                    , 20    . 
 Goinstant, Inc. 
  

			
	By:	 	  

	
	  

	Name of Optionholder
	
	  

	Signature of Optionholder

  
 - 2 -

 SCHEDULE 2 
 EXERCISE FORM 
 TO:        Goinstant, Inc. (THE
“CORPORATION”) 
 Pursuant to the stock option plan (the “Plan”) of the Corporation and an option granted by the
Corporation to the undersigned on                     , 20    , the undersigned hereby elects to purchase
             Shares of the Corporation and encloses a certified/bank draft cheque payable to the Corporation in the aggregate amount of
$            , being $             per Share. Terms used and not defined herein have the meanings given to them in the Plan.

 The undersigned requests that the Shares be beneficially held in the following name, in accordance with the terms of the Plan: 

 

					
	                           
                                         
                                         
                        	  	
	(Print Name as Name is to Appear on Register of Beneficial Holders)	  	

 The undersigned requests that the following address be shown as the address of the beneficial holder of the Shares:

  

					
	                           
                                         
                                         
                        	  	

 This Exercise Form, the Plan and the option agreement governing these Options constitute the entire agreement between the
undersigned and the Corporation concerning the Options and supersede in their entirety any prior agreements, undertakings or understandings concerning the subject matter hereof. 
 DATED as of this      day of                     ,
20    . 
  

					
	  
	  	  
	  	
	Witness	  	[Name of Participant]Eighth Supplemental Indenture, dated September 13, 2012

 Exhibit 4.2 
 EXECUTION COPY 
  

 
  

ONEOK PARTNERS, L.P. 
 Issuer 
 ONEOK PARTNERS INTERMEDIATE LIMITED PARTNERSHIP 

Guarantor 

and 

WELLS FARGO BANK, N.A. 
 Trustee 
 EIGHTH SUPPLEMENTAL INDENTURE 

Dated as of September 13, 2012 
 to 
 INDENTURE 

relating to Senior Debt Securities 
 Dated as of September 25, 2006 
 2.000% Senior Notes due 2017

  
  

 

 TABLE OF CONTENTS 

 

					
	 	  	Page	 
	 ARTICLE 1 Relation to Indenture; Definitions
	  	 	1	  
	 SECTION 1.01. Relation to Indenture
	  	 	1	  
	 SECTION 1.02. Definitions
	  	 	1	  
	 SECTION 1.03. General References
	  	 	1	  
		
	 ARTICLE 2 The Series of Debt Securities
	  	 	2	  
	 SECTION 2.01. The Form and Title of the Debt Securities
	  	 	2	  
	 SECTION 2.02. Amount
	  	 	2	  
	 SECTION 2.03. Stated Maturity
	  	 	2	  
	 SECTION 2.04. Interest and Interest Rates
	  	 	2	  
	 SECTION 2.05. Optional Redemption
	  	 	2	  
	 SECTION 2.06. Guarantee
	  	 	3	  
	 SECTION 2.07. Global Securities
	  	 	3	  
		
	 ARTICLE 3 Miscellaneous
	  	 	3	  
	 SECTION 3.01. Certain Trustee Matters
	  	 	3	  
	 SECTION 3.02. Continued Effect
	  	 	4	  
	 SECTION 3.03. Governing Law
	  	 	4	  
	 SECTION 3.04. Counterparts
	  	 	4	  
		
	 EXHIBITS
	  			
		
	 Exhibit A: Form of Note
	  			

 EIGHTH SUPPLEMENTAL INDENTURE, dated as of September 13, 2012 (this
“Supplemental Indenture”), among ONEOK PARTNERS, L.P., a Delaware limited partnership (the “Partnership”), ONEOK PARTNERS INTERMEDIATE
LIMITED PARTNERSHIP, a Delaware limited partnership (the “Guarantor”), and WELLS FARGO BANK, N.A., as trustee under the
Indenture referred to below (in such capacity, the “Trustee”). 
 RECITALS OF THE PARTNERSHIP

 WHEREAS, the Partnership and the Trustee have heretofore entered into an Indenture, dated as of September 25, 2006
(the “Original Indenture”) (the Original Indenture, as amended and supplemented from time to time, including without limitation pursuant to this Supplemental Indenture, being referred to herein as the
“Indenture”); and 
 WHEREAS, under the Original Indenture, a new series of Debt Securities may at any
time be established by the Board of Directors of ONEOK Partners GP, L.L.C., the Partnership’s general partner (the “General Partner”), in accordance with the provisions of the Original Indenture, and the terms of such
series may be established by an indenture supplemental to the Original Indenture; and 
 WHEREAS, the Partnership proposes to
create under the Indenture a new series of Debt Securities; and 
 WHEREAS, all acts and things necessary to make the Notes (as
herein defined), when executed by the General Partner on behalf of the Partnership and authenticated and delivered by the Trustee as provided in the Original Indenture and this Supplemental Indenture, and the Guarantee, when executed by the general
partner of the Guarantor on behalf of the Guarantor, the valid and binding obligations of the Partnership and the Guarantor and to make this Supplemental Indenture a valid and binding agreement in accordance with the Original Indenture have been
done or performed; 
 NOW, THEREFORE, in consideration of the premises, agreements and obligations set forth herein and for
other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree, for the equal and proportionate benefit of all Holders of the Notes, as follows: 

ARTICLE 1 

RELATION TO INDENTURE; DEFINITIONS 

SECTION 1.01. Relation to Indenture. 
 With respect to the Notes, this Supplemental Indenture constitutes an integral part of the Indenture. 
 SECTION 1.02. Definitions. 
 For all purposes of this
Supplemental Indenture, capitalized terms used herein and not otherwise defined herein shall have the meanings assigned thereto in the Original Indenture. 
 SECTION 1.03. General References. 
 All references in
this Supplemental Indenture to Articles and Sections, unless otherwise specified, refer to the corresponding Articles and Sections of this Supplemental Indenture; and the term “herein”, “hereof”,
“hereunder” and any other word of similar import refers to this Supplemental Indenture. 

 ARTICLE 2 
 THE SERIES OF DEBT SECURITIES 
 SECTION 2.01. The Form and Title of the Debt Securities. 

There is hereby established a new series of Debt Securities to be issued under the Indenture and to be designated as the
Partnership’s 2.000% Senior Notes due 2017 (the “Notes”). The Notes shall be substantially in the form attached as Exhibit A hereto, in each case with such appropriate insertions, omissions, substitutions and
other variations as are required or permitted by the Indenture, and may have such letters, numbers or other marks of identification and such legends or endorsements placed thereon as the Partnership may deem appropriate or as may be required or
appropriate to comply with any laws or with any rules made pursuant thereto or with the rules of any securities exchange or automated quotation system on which the Notes may be listed or traded, or to conform to general usage, or as may,
consistently with the Indenture, be determined by the officers executing such Notes, as evidenced by their execution thereof. 

The Notes shall be executed, authenticated and delivered in accordance with the provisions of, and shall in all respects be subject to,
the terms, conditions and covenants of the Original Indenture as supplemented by this Supplemental Indenture (including the form of Note set forth as Exhibit A hereto (the terms of which are incorporated in and made a part of this
Supplemental Indenture for all intents and purposes)). 
 SECTION 2.02. Amount. 

The aggregate principal amount of the Notes which may be authenticated and delivered pursuant hereto is unlimited. The Trustee shall
initially authenticate and deliver Notes for original issue in an initial aggregate principal amount of up to $400,000,000 upon delivery to the Trustee of a Partnership Order for the authentication and delivery of such Notes. The aggregate principal
amount of the Notes to be issued hereunder may be increased at any time hereafter and the series may be reopened for issuances of additional Notes upon Partnership Order without the consent of any Holder. The Notes issued on the date hereof and any
such additional Notes that may be issued hereafter shall be part of the same series of Debt Securities for all purposes under the Indenture. 
 SECTION 2.03. Stated Maturity. 
 The Notes may be issued
on any Business Day on or after September 13, 2012, and the Stated Maturity of the Notes shall be October 1, 2017. 

SECTION 2.04. Interest and Interest Rates. 

The rate or rates at which the Notes shall bear interest, the date or dates from which such interest shall accrue, the interest payment
dates on which any such interest shall be payable and the regular record date for any interest payable on any interest payment date, in each case, shall be as set forth in the form of Note set forth as Exhibit A hereto. 

SECTION 2.05. Optional Redemption. 
 At its option, the Partnership may redeem the Notes, in whole or in part, in principal amounts of $2,000 and in multiples of $1,000 in excess thereof, at any time or from time to time, at the applicable
redemption price determined as set forth in the form of Note attached hereto as Exhibit A, in accordance with the terms set forth in the Notes and in accordance with Article III of the Original Indenture. 

  
 2 

 SECTION 2.06. Guarantee. 

Except as provided below, Article XII of the Original Indenture shall apply to the Notes. For the purposes of this Supplemental
Indenture and the Notes (including without limitation the provisions of the Original Indenture to the extent applicable thereto), the term “Guarantor” shall mean ONEOK Partners Intermediate Limited Partnership, a Delaware limited
partnership, and any successor Person thereto under the Indenture. 
 With respect to the Notes, paragraph (a) of
Section 12.04 of the Original Indenture is hereby amended and restated in its entirety as set forth below; provided, however that the amendment and restatement set forth below in this Section 2.06 shall apply only to the Notes and
not to any other series of Debt Securities issued under the Original Indenture: 
 “(a) Notwithstanding anything to the
contrary in this Article XII, if any Guarantor shall cease to be a Subsidiary of the Partnership, then, if no Default or Event of Default shall have occurred and be continuing, such Guarantor, upon giving notice to the Trustee to the foregoing
effect, shall be deemed to be released from all of its obligations under this Indenture, and the Guarantee shall be of no further force or effect with respect to such Guarantor. Following the receipt by the Trustee of any such notice, the
Partnership shall cause this Indenture to be amended as provided in Section 9.01(l) hereof; provided, however, that the failure to so amend this Indenture shall not affect the validity of the termination of the Guarantee with respect to
such Guarantor.” 
 The Guarantor’s address and telecopier number for the purposes of Section 13.03 of the
Original Indenture is: 
 ONEOK Partners Intermediate Limited Partnership 

	 	c/o	ONEOK Partners GP, L.L.C. 

 100
West Fifth Street, Suite 1831 
 Tulsa, Oklahoma 74103-4298 

Telecopier No.: (918) 588-7800 
 Attention: Chief Financial Officer 
 SECTION 2.07. Global
Securities. 
 The Notes shall initially be issuable in whole or in part in the form of one or more Global Securities.
Such Global Securities (i) shall be deposited with, or on behalf of, The Depository Trust Company, which shall act as Depositary with respect to the Notes, (ii) shall bear the legends applicable to Global Securities set forth in
Section 2.15(a) of the Original Indenture, (iii) may be exchanged in whole or in part for Notes in definitive form upon the terms and subject to the conditions provided in Section 2.15(b) of the Original Indenture and in this
Supplemental Indenture and (iv) shall otherwise be subject to the applicable provisions of the Indenture. 
 ARTICLE 3

 MISCELLANEOUS 
 SECTION 3.01. Certain Trustee Matters. 
 The recitals
contained herein shall be taken as the statements of the Partnership, and the Trustee assumes no responsibility for their correctness. 
 The Trustee makes no representations as to the validity or sufficiency of this Supplemental Indenture, the Guarantee or the Notes or the proper authorization or the due execution hereof or thereof by the
Partnership or the Guarantor. 

  
 3 

 Except as expressly set forth herein, nothing in this Supplemental Indenture shall alter the
duties, rights or obligations of the Trustee set forth in the Original Indenture. 
 The Trustee makes no representation or
warranty as to the validity or sufficiency of the information contained in the prospectus supplement related to the Notes, except such information which specifically pertains to the Trustee itself, or any information incorporated therein by
reference. 
 SECTION 3.02. Continued Effect. 

Except as expressly supplemented and amended by this Supplemental Indenture, the Original Indenture shall continue in full force and
effect in accordance with the provisions thereof, and the Original Indenture (as supplemented and amended by this Supplemental Indenture) is in all respects hereby ratified and confirmed. This Supplemental Indenture and all its provisions shall be
deemed a part of the Original Indenture in the manner and to the extent herein and therein provided. 

SECTION 3.03. Governing Law. 
 This Supplemental Indenture and the Notes shall be governed by and construed in accordance with the laws of the State of New York. 
 SECTION 3.04. Counterparts. 
 This instrument may be
executed in any number of counterparts, each of which, when delivered, shall be deemed to be an original, but all such counterparts shall together constitute but one and the same instrument. 

(Signature Page Follows) 

  
 4 

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

			
	ONEOK PARTNERS, L.P.
		
	By:	 	ONEOK Partners GP, L.L.C.,
		 	its General Partner
		
	By: 	 	/s/ Robert F. Martinovich
		 	  

	Name:	 	Robert F. Martinovich
	Title:	 	Executive Vice President, Chief Financial Officer and Treasurer
	
	ONEOK PARTNERS INTERMEDIATE LIMITED PARTNERSHIP
		
	By:	 	ONEOK ILP GP, L.L.C.,
		 	its General Partner
		
	By: 	 	/s/ Robert F. Martinovich
		 	  

	Name:	 	Robert F. Martinovich
	Title:	 	Executive Vice President, Chief Financial Officer and Treasurer
	
	 WELLS FARGO BANK, N.A.,
 as Trustee

		
	By: 	 	/s/ Gregory S. Clarke
		 	  

	Name:	 	Gregory S. Clarke
	Title:	 	Vice President

 Eighth Supplemental Indenture Signature Page 

 EXHIBIT A 
 [FORM OF FACE OF NOTE] 
 [If a Global Security, insert—UNLESS THIS CERTIFICATE IS
PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), NEW YORK, NEW YORK, TO THE PARTNERSHIP 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 IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO., OR TO SUCH OTHER ENTITY AS IS 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.] 
 [If a Global Security, insert—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.] 

ONEOK PARTNERS, L.P. 
 2.000% Senior Note due 2017 
  

			
	 No.
                        
	  	U.S.$                    
		
	 CUSIP No. 68268NAH6
	  	

 ONEOK PARTNERS, L.P., a Delaware limited partnership (herein called the “Partnership”, which
term includes any successor Person under the Indenture hereinafter referred to), for value received, hereby promises to pay to                 , or registered assigns,
the principal sum of                  United States Dollars ($                ) on
October 1, 2017, and to pay interest thereon from September 13, 2012, or from the most recent interest payment date to which interest has been paid or duly provided for, semi-annually on April 1 and October 1 in each year,
commencing on April 1, 2013, at the rate of 2.000% per annum, until the principal hereof is paid or made available for payment and at the same rate per annum on any overdue principal and premium and on any overdue installment of interest.
The amount of interest payable for any period shall be computed on the basis of twelve 30-day months and a 360-day year. The amount of interest payable for any partial period shall be computed on the basis of a 360-day year of twelve 30-day months
and the days elapsed in any partial month. In the event that any date on which interest is payable on this Note is not a Business Day, then a payment of the interest payable on such date will be made on the next succeeding day which is a Business
Day (and without any interest or other payment in respect of any such delay) with the same force and effect as if made on the date the payment was originally payable. The interest so payable, and punctually paid or duly provided for, on any interest
payment date will, as provided in such Indenture, be paid to the Person in whose name this Note (or one or more predecessor Notes) is registered at the close of business on the regular record date for such interest, which record date shall be the
March 15 or September 15 (whether or not a Business Day), as the case may be, next preceding such interest payment date. Any such interest not so punctually paid or duly provided for shall forthwith cease to be payable to the Holder on
such regular record date and may either be paid to the Person in whose name this Note (or one or more predecessor Notes) is registered at the close of business on a special record date for the payment of such Defaulted Interest to be fixed by the
Trustee, notice of which shall be given to Holders of Notes not less than 10 days prior to such special record date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange or automated
quotation system on which the Notes may be listed or traded, and upon such notice as may be required by such exchange or automated quotation system, all as more fully provided in the Indenture. 

[If a Global Security, insert—Payment of the principal of (and premium, if any) and any such interest on this Note will be made by
transfer of immediately available funds to a bank account in the United States of America designated by the Holder to the Paying Agent in U.S. Dollars.] 

  
 A-1

 [If a definitive Debt Security, insert—Payment of the principal of (and premium, if
any) and any such interest on this Note will be made at the office or agency of the Partnership maintained for that purpose in U.S. Dollars or subject to any laws or regulations applicable thereto and to the right of the Partnership (as provided in
the Indenture) to rescind the designation of any such Paying Agent, at the offices of                         , and at such other
offices or agencies as the Partnership may designate, by U.S. Dollar check drawn on, or transfer to a U.S. Dollar account maintained by the payee with, a bank in The City of New York (so long as the applicable Paying Agent has received
proper transfer instructions in writing at least 10 days prior to the payment date); provided, however, that payment of interest may be made at the option of the Partnership by U.S. Dollar check mailed to the addresses of the Persons
entitled thereto as such addresses shall appear in the Debt Security Register or by transfer to a U.S. Dollar account maintained by the payee with a bank in The City of New York (so long as the applicable Paying Agent has received proper
transfer instructions in writing by the record date prior to the applicable interest payment date).] 
 Reference is hereby made
to the further provisions of this Note set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. 
 Unless the certificate of authentication hereon has been executed by the Trustee referred to on the reverse hereof by manual signature, this Note shall not be entitled to any benefit under the Indenture
or be valid or obligatory for any purpose. 
 IN WITNESS WHEREOF, the Partnership has caused this instrument to be duly
executed. 

Dated:                     ,
                 
  

					
	ONEOK PARTNERS, L.P.
		
	By:	 	ONEOK Partners GP, L.L.C.
		 	its General Partner
		 	By:	 	 
		 	Name:	 	
		 	Title:	 	

  
 A-2

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

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

 

			
	 WELLS FARGO BANK, N.A.,
 as Trustee

		
	By:	 	 
		 	Authorized Signatory

  
 A-3

 [REVERSE OF NOTE] 

ONEOK PARTNERS, L.P. 
 2.000% Senior Note due 2017 
 This security is one of a duly authorized
issue of debt securities of the Partnership (the “Debt Securities”), issued and to be issued in one or more series under an Indenture dated as of September 25, 2006, as amended and supplemented to date, including without limitation by
the Eighth Supplemental Indenture thereto, dated as of September 13, 2012 (such Indenture, as so amended and supplemented being referred to herein as the “Indenture”), between the Partnership and Wells Fargo Bank, N.A., as Trustee
(the “Trustee,” which term includes any successor trustee under the Indenture), to which Indenture and all indentures supplemental thereto reference is hereby made for a statement of the respective rights, limitations of rights,
obligations, duties and immunities thereunder of the Partnership, the Trustee and the Holders of the Debt Securities and of the terms upon which the Debt Securities are, and are to be, authenticated and delivered. This Debt Security is one of the
series designated on the face hereof. The Debt Securities of this series are referred to herein as the “Notes.” 
 On
or after September 1, 2017 (one month prior to the maturity date of the Notes), the Notes will be subject to redemption at any time at the option of the Partnership, in whole or in part, at a redemption price equal to 100% of the principal
amount of the Notes to be redeemed, plus any accrued and unpaid interest thereon to the applicable Redemption Date (subject to the right of holders of record on the relevant record date to receive interest due on an Interest Payment Date that is on
or prior to the Redemption Date).
 Prior to September 1, 2017, the Notes will be subject to redemption at any time at the
option of the Partnership, in whole or in part, at a redemption price equal to the greater of (i) 100% of the principal amount of the Notes to be redeemed and (ii) the sum of the present values of the remaining scheduled payments
(excluding accrued interest) discounted to the applicable Redemption Date, on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the Comparable Treasury Yield (as defined below), plus 25 basis points, plus, in each
case, any accrued and unpaid interest thereon to the applicable Redemption Date (subject to the right of holders of record on the relevant record date to receive interest due on an Interest Payment Date that is on or prior to such Redemption Date).

 The present values of the remaining scheduled payments referred to in clause (ii) of the immediately preceding paragraph
(the “present values”) will be determined in accordance with generally accepted principles of financial analysis. These present values will be calculated by discounting the amount of each payment of interest or principal from the date that
each such payment would have been payable, but for the redemption, to the Redemption Date at a discount rate equal to the Comparable Treasury Yield plus 25 basis points. The present values will be calculated by an independent investment banking
institution of national standing appointed by the Partnership. If the Partnership fails to appoint an independent investment banker not less than 30 days prior to the Redemption Date, or if such independent investment banker is unwilling or unable
to make the calculation, the calculation will be made by RBS Securities Inc., Mitsubishi UFJ Securities (USA), Inc. and U.S. Bancorp Investments, Inc. If RBS Securities Inc., Mitsubishi UFJ Securities (USA), Inc. and U.S. Bancorp Investments, Inc.
are unwilling or unable to make the calculation, the Partnership will appoint an independent investment banking institution of national standing to make the calculation. 
 For purposes of determining the present values, “Comparable Treasury Yield” means a rate of interest per annum equal to the weekly average yield to maturity of United States Treasury securities
that have a constant maturity that corresponds to the remaining term to maturity of the Notes, calculated to the nearest 1/12th of a year. The Comparable Treasury Yield will be determined as of the third business day immediately preceding the
applicable Redemption Date, and prior to the Redemption Date the Partnership shall deliver to the Trustee an Officers’ Certificate setting forth the redemption price and showing the calculation thereof in reasonable detail. 

The weekly average yields of United States Treasury securities will be determined by reference to the most recent statistical release
published by the Federal Reserve Bank of New York and designated “H.15(519) Selected Interest Rates” or any successor release. If the H.15 statistical release sets forth a weekly average yield for United States Treasury securities having a
constant maturity that is the same as the remaining term calculated as set forth above, then the Comparable Treasury Yield will be equal to such weekly average yield. In all other cases, the Comparable Treasury Yield will be calculated by
interpolation on a straight-line basis between the weekly average yields on the United States Treasury securities that have a constant maturity closest to and greater than the 

  
 A-4

 
remaining term and the United States Treasury securities that have a constant maturity closest to and less than the remaining term (in each case as set forth in the H.15 statistical release or
any successor release). Any weekly average yields calculated by interpolation will be rounded to the nearest 1/100th of 1%, with any figure of 1/200th of 1% or above being rounded upward. If weekly average yields for United States Treasury
securities are not available in the H.15 statistical release or otherwise, then the Comparable Treasury Yield will be calculated by interpolation of comparable rates selected by an independent investment banking institution of national standing
selected in the manner described in the second preceding paragraph. 
 Unless the Partnership defaults in payment of the
redemption price, on and after the date of redemption, interest will cease to accrue on this Note or the portions hereof called for redemption. 
 In the event of redemption of this Note in part only, a new Note or Notes of like tenor for the unredeemed portion hereof will be issued in the name of the Holder hereof upon the cancellation hereof.

 The Indenture contains provisions for defeasance at any time of (1) the entire indebtedness of this Note or
(2) certain restrictive covenants and Events of Default with respect to this Note, in each case upon compliance with certain conditions set forth in the Indenture. 
 If an Event of Default with respect to the Notes shall occur and be continuing, the principal of the Notes may be declared due and payable in the manner and with the effect provided in the Indenture.

 The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the modification of the rights
and obligations of the Partnership, the Guarantor and the rights of the Holders of the Debt Securities of each series to be affected under the Indenture at any time by the Partnership, the Guarantor and the Trustee with the consent of not less than
the Holders of a majority in principal amount of the Outstanding Debt Securities of each series to be affected. The Indenture also contains provisions permitting the Holders of a majority in principal amount of the Outstanding Debt Securities of
each affected series, on behalf of the Holders of all Debt Securities of such series, to waive compliance by the Partnership and the Guarantor with certain provisions of the Indenture. The Indenture permits, with certain exceptions as therein
provided, the Holders of a majority in principal amount of Debt Securities of any series then Outstanding to waive past defaults under the Indenture with respect to such series and their consequences. Any such consent or waiver by the Holder of this
Note shall be conclusive and binding upon such Holder and all holders of Notes of which this Note is a predecessor Note, whether or not notation of such consent or waiver is made upon this or any other Note. 

As provided in and subject to the provisions of the Indenture, the Holder of this Note shall not have the right to institute any action
or proceeding with respect to the Indenture or for the appointment of a receiver or trustee or for any other remedy thereunder, unless such Holder shall have previously given the Trustee written notice of a continuing Event of Default with respect
to the Notes, the Holders of not less than 25% in aggregate principal amount of the Notes at the time Outstanding shall have made written request to the Trustee to institute proceedings in respect of such Event of Default and offered the Trustee
reasonable indemnity or security as required by the Trustee and the Trustee shall not have received from the Holders of a majority in principal amount of Notes at the time Outstanding a direction inconsistent with such request, and the Trustee shall
have failed to institute any such proceeding for 60 days after receipt of such notice, request and offer of indemnity or security. The foregoing shall not apply to any suit instituted by the Holder of this Note for the enforcement of any payment of
principal hereof or any premium or interest hereon on or after the respective due dates expressed herein. 
 No reference herein
to the Indenture and no provision of this Note or of the Indenture shall alter or impair the obligation of the Partnership, which is absolute and unconditional, to pay the principal of and any premium and interest on this Note at the times, place(s)
and rate, and in the currency, herein prescribed. 
 [If a Global Security, insert—This Global Security or portion hereof
may not be exchanged for definitive Debt Securities of this series except in the limited circumstances provided in the Indenture. 
 The holders of beneficial interests in this Global Security will not be entitled to receive physical delivery of definitive Debt Securities except as described in the Indenture and will not be considered
the Holders thereof for any purpose under the Indenture.] 

  
 A-5

 [If a definitive Debt Security, insert—As provided in the Indenture and subject to
certain limitations therein set forth, the transfer of this Note is registerable in the Debt Security Register, upon surrender of this Note for registration of transfer at the office or agency of the Partnership in The City of New York, or, subject
to any laws or regulations applicable thereto and to the right of the Partnership (limited as provided in the Indenture) to rescind the designation of any such transfer agent, at the offices of
             in the Borough of Manhattan, The City of New York, and at such other offices or agencies as the Partnership may designate, duly endorsed by, or accompanied by a written
instrument of transfer in form satisfactory to the Partnership and the Debt Security Registrar duly executed by, the Holder hereof or his attorney duly authorized in writing, and thereupon one or more new Notes of like tenor, of authorized
denominations and for the same aggregate principal amount, will be issued to the designated transferee or transferees.] 
 The
Notes are issuable only in registered form without coupons in denominations of $2,000 and any whole multiple of $1,000 in excess thereof. As provided in the Indenture and subject to certain limitations therein set forth, Notes are exchangeable for a
like aggregate principal amount of Notes and of like tenor of a different authorized denomination, as requested by the Holder surrendering the same. 
 No service charge shall be made for any such registration of transfer or exchange, but the Partnership may require payment of a sum sufficient to cover any tax or other governmental charge payable in
connection therewith. 
 Prior to due presentment of this Note for registration of transfer, the Partnership, the Guarantor, the
Trustee and any agent of the Partnership, the Guarantor or the Trustee may treat the Person in whose name this Note is registered as the owner hereof for all purposes, whether or not this Note is overdue, and neither the Partnership, the Guarantor,
the Trustee nor any such agent shall be affected by notice to the contrary. 
 Obligations of the Partnership and the Guarantor
under the Indenture and the Debt Securities thereunder, including this Note, are non-recourse to ONEOK Partners GP, L.L.C. (the “General Partner”) and ONEOK ILP GP, L.L.C. (the “Guarantor General Partner”) and their respective
Affiliates (other than the Partnership and the Guarantor), and payable only out of cash flow and assets of the Partnership and the Guarantor. The Trustee, and each Holder of a Debt Security by its acceptance thereof, will be deemed to have agreed in
the Indenture that (1) none of the General Partner, the Guarantor General Partner and their respective assets (nor any of their respective Affiliates, other than the Partnership and the Guarantor, or their respective assets) shall be liable for
any of the obligations of the Partnership or the Guarantor under the Indenture or such Debt Securities, including this Note, and (2) no director, officer, employee, stockholder or unitholder, as such, of the Partnership, the Guarantor, the
Trustee, the General Partner, the Guarantor General Partner or any Affiliate of any of the foregoing entities shall have any personal liability in respect of the obligations of the Partnership or the Guarantor under the Indenture or such Debt
Securities by reason of his, her or its status. 
 This Note shall be governed by and construed in accordance with the laws of
the State of New York. 
 All terms used in this Note which are defined in the Indenture shall have the meanings assigned to
them in the Indenture. 

  
 A-6

 [If a definitive Debt Security, insert as a separate page— 

FOR VALUE RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto
                 (Please Print or Typewrite Name and Address of Assignee) the within instrument of ONEOK PARTNERS, L.P. and does hereby irrevocably constitute and
appoint                 Attorney to transfer said instrument on the books of the within-named Partnership, with full power of substitution in the premises. 

Please Insert Social Security or 
 Other
Identifying Number of Assignee: 
  

					
	 	 		  	  

			
	
Dated:                       
                                         
         
	 		  	  

		 		  	(Signature)

  

			
	 Signature Guarantee:
	  	 
		  	(Participant in a Recognized Signature
		  	Guaranty Medallion Program)

 NOTICE: The signature to this assignment must correspond with the name as written upon the face of the
within instrument in every particular, without alteration or enlargement or any change whatever.] 

  
 A-7

 [If a Global Security, insert as a separate page— 

SCHEDULE OF INCREASES OR DECREASES 
 IN GLOBAL SECURITY 
 The following increases or decreases in this Global
Security have been made: 
  

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

  
 A-8

 NOTATION OF GUARANTEE 

The Guarantor (which term includes any successor person under the Indenture dated as of September 25, 2006 (as amended and
supplemented from time to time, the “Indenture”) between ONEOK Partners, L.P., a Delaware limited partnership (the “Partnership”), and Wells Fargo Bank, N.A., as trustee (the
“Trustee”)), 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, premium, if any,
and interest on the Notes and all other amounts due and payable under the Indenture and the Notes by the Partnership. 
 The
obligations of the Guarantor to the Holders of Notes and to the Trustee pursuant to the Guarantee are expressly set forth in Article XII of the Indenture and reference is hereby made to the Indenture for the precise terms of the Guarantee.
Capitalized terms used but not defined herein have the meanings given to them in the Indenture. 
  

			
	ONEOK PARTNERS INTERMEDIATE LIMITED PARTNERSHIP
		
	By:	 	 ONEOK ILP GP, L.L.C.,
 its
General Partner

		
	 By:
	 	 
	 Name:
	 	 
	 Title:
	 	 

  
 A-9

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