Document:

EX-4.2

 Exhibit 4.2 

ONEOK, INC. 
 as Issuer;

 ONEOK PARTNERS, L.P. 

and 
 ONEOK PARTNERS
INTERMEDIATE LIMITED PARTNERSHIP 
 as Guarantors; 

and 
 U.S. BANK NATIONAL
ASSOCIATION 
 as Trustee 

THIRD SUPPLEMENTAL INDENTURE 

Dated as of June 30, 2017 

to 
 INDENTURE 

Relating to Debt Securities 

Dated as of January 26, 2012 

4.25% Notes due 2022 

7.50% Notes due 2023 

 THIRD SUPPLEMENTAL INDENTURE, dated as of June 30, 2017 (this “Supplemental
Indenture”), among ONEOK, INC., an Oklahoma corporation (the “Company”), ONEOK PARTNERS, L.P., a Delaware limited partnership (the “Partnership”), ONEOK PARTNERS INTERMEDIATE LIMITED PARTNERSHIP, a Delaware
limited partnership (the “Intermediate Partnership” and, together with the Partnership, the “Guarantors”), and U.S. BANK NATIONAL ASSOCIATION, as trustee under the Indenture referred to below (in such capacity, the
“Trustee”). 
 RECITALS 

WHEREAS, the Company and the Trustee have heretofore entered into an Indenture, dated as of January 26, 2012 (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”); 

WHEREAS, on the date hereof, pursuant to an Agreement and Plan of Merger, dated as of January 31, 2017 (the “Merger
Agreement”), among the Company, New Holdings Subsidiary, LLC, a Delaware limited liability company and wholly owned subsidiary of the Company (“Merger Sub”), the Partnership and ONEOK Partners GP, L.L.C., a Delaware limited
liability company and the general partner of the Partnership, Merger Sub merged with and into the Partnership (the “Merger”), with the Partnership surviving and continuing to exist as a Delaware limited partnership and, as a result,
the Company acquired all of the outstanding common units representing limited partner interests in the Partnership that the Company and its subsidiaries did not already own; 

WHEREAS, Section 901 of the Indenture provides that the Company and the Trustee may from time to time and at any time, without the
consent of Holders, enter into a supplemental indenture to make any change that does not adversely affect the rights of any Holder; and 

WHEREAS, in connection with the transactions contemplated by the Merger Agreement, each of the Guarantors desires to become a guarantor
of, and provide a guarantee of, the currently outstanding securities, the titles of the series and the current outstanding principal amounts thereof being set forth on Schedule A hereto (collectively, the “Currently Outstanding
Securities”). 
 NOW THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, each Guarantor hereby guarantees the Company’s obligations under the Currently Outstanding Securities as follows: 

ARTICLE I 
 RELATION TO
INDENTURE; DEFINITIONS AND OTHER PROVISIONS OF GENERAL 
 APPLICATION 

Section 1.01         Relation to Indenture. With respect to the Currently Outstanding
Securities, this Supplemental Indenture constitutes an integral part of the Original 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 II 

AGREEMENT TO GUARANTEE 

Section 2.01         Unconditional Guarantee. 

(a)         For value received, subject to Section 2.04 hereof, each of the Guarantors hereby
fully, irrevocably, unconditionally and absolutely guarantees to the Holders of each series of Currently Outstanding Securities and to the Trustee the due and punctual payment of the principal of, and premium, if any, and interest on such Currently
Outstanding Securities, and all other amounts due and payable under the Indenture and such Currently Outstanding Securities by the Company to the Trustee or such Holders (including, without limitation, all costs and expenses (including reasonable
legal fees and disbursements of its agents and counsel) incurred by the Trustee or such Holders in connection with the enforcement of the Indenture and the Guarantees) (collectively, the “Indenture Obligations”), when and as such
amounts shall become due and payable, whether at the Stated Maturity, upon redemption or by declaration of acceleration or otherwise, according to the terms of such Currently Outstanding Securities and the Indenture. The guarantees by the Guarantors
set forth in this ARTICLE II are referred to herein as the “Guarantees.” Without limiting the generality of the foregoing, each Guarantor’s liability shall extend to all amounts that constitute part of the Indenture Obligations
and would be owed by the Company to the Trustee or such Holders under the Indenture and such Currently Outstanding Securities but for the fact that they are unenforceable, reduced, limited, impaired, suspended or not allowable due to the existence
of a bankruptcy, reorganization or similar proceeding involving the Company. 
 (b)         Failing
payment when due of any amount guaranteed pursuant to the Guarantees, for whatever reason, each Guarantor will be obligated (to the fullest extent permitted by applicable law) to pay the same immediately to the Trustee, without set-off or
counterclaim or other reduction whatsoever (whether for taxes, withholding or otherwise). The Guarantees hereunder are intended to be a general, unsecured, senior obligation of each Guarantor and will rank pari passu in right of payment with
all unsecured indebtedness of such Guarantor that is not, by its terms, expressly subordinated in right of payment to the Guarantees of such Guarantor. Each Guarantor hereby agrees that, to the fullest extent permitted by applicable law, subject to
Section 2.04 hereof, its obligations hereunder shall be full, irrevocable, unconditional and absolute, irrespective of the validity, regularity or enforceability of such Currently Outstanding Securities, the Guarantees or the Indenture, the
absence of any action to enforce the same, any waiver or consent by any such Holder with respect to any provisions hereof or thereof, the recovery of any judgment against the Company, any action to enforce the same or any other circumstance which
might otherwise constitute a legal or equitable discharge or defense of such Guarantor. Each Guarantor hereby agrees that in the event of a default in payment of any Indenture Obligations, whether at the Stated Maturity, upon redemption or by
declaration of acceleration or otherwise, legal proceedings may be instituted by the Trustee on behalf of such Holders or, subject to Section 507 of the Indenture, by such Holders, on the terms and conditions set forth in the Indenture,
directly against such Guarantor to enforce the Guarantees without first proceeding against the Company. 

(c)         To the fullest extent permitted by applicable law, subject to Section 2.04 hereof,
the obligations of each Guarantor under this ARTICLE II shall be as aforesaid full, irrevocable, unconditional and absolute and shall not be impaired, modified, discharged, released or limited by any occurrence or condition whatsoever, including,
without limitation, (i) any compromise, settlement, release, waiver, renewal, extension, indulgence or modification of, or any change in, any of the obligations and liabilities of the Company or either Guarantor contained in any of such
Currently Outstanding Securities or the Indenture, (ii) any impairment, modification, release or limitation of the 

  
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liability of the Company, either Guarantor or any of their estates in bankruptcy, or any remedy for the enforcement thereof, resulting from the operation of any present or future provision of any
applicable Bankruptcy Law, as amended, or other statute or from the decision of any court, (iii) the assertion or exercise by the Trustee or any such Holder of any rights or remedies under any of such Currently Outstanding Securities or the
Indenture or their delay in or failure to assert or exercise any such rights or remedies, (iv) the assignment or the purported assignment of any property as security for any of such Currently Outstanding Securities, including all or any part of
the rights of the Company or either Guarantor under the Indenture, (v) the extension of the time for payment by the Company or either Guarantor of any payments or other sums or any part thereof owing or payable under any of the terms and
provisions of any of such Currently Outstanding Securities or the Indenture or of the time for performance by the Company or either Guarantor of any other obligations under or arising out of any such terms and provisions or the extension or the
renewal of any thereof, (vi) the modification or amendment (whether material or otherwise) of any duty, agreement or obligation of the Company or either Guarantor set forth in the Indenture, (vii) the voluntary or involuntary liquidation,
dissolution, sale or other disposition of all or substantially all of the assets, marshaling of assets and liabilities, receivership, insolvency, bankruptcy, assignment for the benefit of creditors, reorganization, arrangement, composition or
readjustment, rehabilitation or relief of, or other similar proceeding affecting, the Company or either Guarantor or any of their respective assets, or the disaffirmance of any of such Currently Outstanding Securities, the Guarantees or the
Indenture in any such proceeding, (viii) the release or discharge of the Company or either Guarantor from the performance or observance of any agreement, covenant, term or condition contained in any of such instruments by operation of law,
(ix) the unenforceability of any of such Currently Outstanding Securities, the Guarantees or the Indenture, (x) any change in the name, business, capital structure, corporate existence, or ownership of the Company or either Guarantor, or
(xi) any other circumstance which might otherwise constitute a defense available to, or a legal or equitable discharge of, a surety or either Guarantor. 

(d)         To the fullest extent permitted by applicable law, each Guarantor hereby (i) waives
diligence, presentment, demand of payment, notice of acceptance, filing of claims with a court in the event of the merger, insolvency or bankruptcy of the Company or such Guarantor, and all demands and notices whatsoever, (ii) acknowledges that
any agreement, instrument or document evidencing the Guarantees may be transferred and that the benefit of its obligations hereunder shall extend to each holder of any agreement, instrument or document evidencing the Guarantees without notice to
them and (iii) covenants that its Guarantees will not be discharged except by complete performance of the Guarantees. To the fullest extent permitted by applicable law, each Guarantor further agrees that if at any time all or any part of any
payment theretofore applied by any Person to any Guarantees is, or must be, rescinded or returned for any reason whatsoever, including without limitation, the insolvency, bankruptcy or reorganization of either Guarantor, such Guarantees shall, to
the extent that such payment is or must be rescinded or returned, be deemed to have continued in existence notwithstanding such application, and the Guarantees shall continue to be effective or be reinstated, as the case may be, as though such
application had not been made. 
 (e)         Each Guarantor shall be subrogated to all rights of
the Holders and the Trustee against the Company in respect of any amounts paid by such Guarantor pursuant to the provisions of the Indenture; provided, however, that such Guarantor shall not be entitled to enforce or to receive any
payments arising out of, or based upon, such right of subrogation with respect to any of such Currently Outstanding Securities until all of such Currently Outstanding Securities and the Guarantees shall have been indefeasibly paid in full or
discharged. 
 (f)         To the fullest extent permitted by applicable law, no failure to exercise
and no delay in exercising, on the part of the Trustee or the Holders, any right, power, privilege or remedy under this ARTICLE II and the Guarantees shall operate as a waiver thereof, nor shall any single or partial

  
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exercise of any rights, power, privilege or remedy preclude any other or further exercise thereof, or the exercise of any other rights, powers, privileges or remedies. The rights and remedies
herein provided for are cumulative and not exclusive of any rights or remedies provided in law or equity. Nothing contained in this ARTICLE II shall limit the right of the Trustee or the Holders to take any action to accelerate the maturity of such
Currently Outstanding Securities pursuant to Article FIVE of the Indenture or to pursue any rights or remedies under the Indenture or under applicable law. 

Section 2.02         Limitation on Guarantor Liability. Each Guarantor and the Trustee
hereby confirms that it is the intention of all such parties that the Guarantees of such Guarantor not constitute a fraudulent transfer or conveyance for purposes of Bankruptcy Law, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent
Transfer Act or any similar federal or state law to the extent applicable to any Guarantees. To effectuate the foregoing intention, the Trustee and the Guarantors hereby irrevocably agree that the obligations of such Guarantor will be limited to the
maximum amount that will, after giving effect to such maximum amount and all other contingent and fixed liabilities of such Guarantor that are relevant under such laws, and after giving effect to any collections from, rights to receive contribution
from or payments made by or on behalf of the other Guarantor in respect of the obligations of such other Guarantor under this ARTICLE II, result in the obligations of such Guarantor under its Guarantees not constituting a fraudulent transfer or
conveyance. 
 Section 2.03         No Requirement to Endorse Notation of Guarantee.
Each Guarantor hereby agrees that its execution and delivery of this Supplemental Indenture and the provisions set forth in this ARTICLE II shall evidence its Guarantee without the need for notation on any Currently Outstanding Securities. 

Section 2.04         Release of Guarantee. 

(a)         Notwithstanding anything to the contrary in this ARTICLE II, if a Guarantor (i) shall
cease to be a Subsidiary of the Company or (ii) shall no longer be (x) an obligor on, or issuer of, any capital markets debt securities or (y) a guarantor of any capital markets debt securities issued by the Company or the other
Guarantor, in each case other than the Currently Outstanding Securities or any other series of capital market debt securities of the Company outstanding on, and for which such Guarantor is giving a guarantee, the date hereof, 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 the Indenture, and the Guarantees shall be of no
further force or effect with respect to such Guarantor. Following the receipt by the Trustee of any such notice, the Company shall cause the Indenture to be amended as provided in Section 901 of the Indenture; provided, however,
that the failure to so amend the Indenture shall not affect the validity of the termination of the Guarantees with respect to such Guarantor. 

(b)         In addition, upon (i) the exercise of the legal defeasance or covenant defeasance
option or the satisfaction and discharge of the Indenture as provided in ARTICLES FIFTEEN and FOUR, respectively, of the Indenture with respect to a series of Currently Outstanding Securities, or (ii) a series of Currently Outstanding
Securities ceasing to be Outstanding, each of the Guarantors shall be deemed to be released from all its obligations under the Indenture with respect to such series of Currently Outstanding Securities and the Guarantees of such series of Currently
Outstanding Securities shall be of no further force or effect. 
 Section 2.05        
Benefits Acknowledged. Each Guarantor acknowledges that it shall receive direct and indirect benefits from the financing arrangements contemplated by the Indenture and from the Guarantees under this Supplemental Indenture. 

  
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 ARTICLE III 

MISCELLANEOUS 

Section 3.01         Notices. Notices to the Guarantor shall be made in accordance with
Section 105 of the Indenture at the address for the Company set forth in such Section. 

Section 3.02         No Recourse Against Others. No director, officer, employee, partner
(including, for greater certainty, any general partner of any general partnership who is an individual person), incorporator, manager, stockholder or member of either Guarantor, as such, will have any liability for any obligations of the Company,
such Guarantor or the other Guarantor under the Currently Outstanding Securities or the Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. The waiver and release are part of the consideration for
the issuance of the Guarantees and the Currently Outstanding Securities. 

Section 3.03         Certain Trustee Matters. 

The recitals contained herein shall be taken as the statements of the Company and the Guarantors, and the Trustee assumes no responsibility
for their correctness. 
 The Trustee makes no representations as to the validity or sufficiency of this Supplemental Indenture or the
proper authorization or the due execution hereof or thereof by the Company or any of the Guarantors. 
 Except as expressly set forth
herein, nothing in this Supplemental Indenture shall alter the duties, rights, privileges, immunities or obligations of the Trustee set forth in the Original Indenture and the Trustee shall be indemnified and held harmless in accordance with the
terms thereof. 
 Section 3.04         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 3.05         Governing Law. This Supplemental Indenture and the Currently
Outstanding Securities shall be governed by and construed in accordance with the laws of the State of New York. This Supplemental Indenture and the Currently Outstanding Securities are subject to the provisions of the Trust Indenture Act that are
required to be part of this Supplemental Indenture and the Currently Outstanding Securities and shall, to the extent applicable, be governed by such provisions. 

Section 3.06         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) 

  
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 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, INC.
		
	By:	 	/s/ Terry K. Spencer
		 	Name:    Terry K. Spencer
		 	Title:      President and Chief Executive
		 	               Officer

  

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

  

			
		
	By:	 	/s/ Walter S. Hulse III
		 	Name:    Walter S. Hulse III
		 	Title:      Chief Financial Officer and
		 	               Executive Vice President, Strategic
		 	               Planning and Corporate Affairs

  

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

  

			
		
	By:	 	/s/ Walter S. Hulse III
		 	Name:    Walter S. Hulse III
		 	Title:      Chief Financial Officer and
		 	               Executive Vice President, Strategic
		 	               Planning and Corporate Affairs

  

			
	U.S. BANK NATIONAL ASSOCIATION,
	as Trustee
		
	By:	 	/s/ George Hogan
		 	Name: George Hogan
		 	Title: Vice President

 [Signature Page to ONEOK Supplemental Indenture] 

 Schedule A 

Currently Outstanding Securities 

$547,397,000 4.25% Notes due 2022 
 $500,000,000 7.50% Notes due
2023 

  
 8EX-4.3

 Exhibit 4.3 

ONEOK, INC. 
 as Issuer;

 ONEOK PARTNERS, L.P. 

and 
 ONEOK PARTNERS
INTERMEDIATE LIMITED PARTNERSHIP 
 as Guarantors; 

and 
 U.S. BANK NATIONAL
ASSOCIATION 
 as Trustee 

FOURTH SUPPLEMENTAL INDENTURE 

Dated as of June 30, 2017 

to 
 INDENTURE 

Relating to Debt Securities 

Dated as of December 28, 2001 

6.00% Notes due 2035 

 FOURTH SUPPLEMENTAL INDENTURE, dated as of June 30, 2017 (this “Supplemental
Indenture”), among ONEOK, INC., an Oklahoma corporation (the “Company”), ONEOK PARTNERS, L.P., a Delaware limited partnership (the “Partnership”), ONEOK PARTNERS INTERMEDIATE LIMITED PARTNERSHIP, a Delaware
limited partnership (the “Intermediate Partnership” and, together with the Partnership, the “Guarantors”), and U.S. BANK NATIONAL ASSOCIATION, as successor trustee to SunTrust Bank under the Indenture referred to
below (in such capacity, the “Trustee”). 
 RECITALS 

WHEREAS, the Company and the Trustee have heretofore entered into an Indenture, dated as of December 28, 2001 (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”); 

WHEREAS, on the date hereof, pursuant to an Agreement and Plan of Merger, dated as of January 31, 2017 (the “Merger
Agreement”), among the Company, New Holdings Subsidiary, LLC, a Delaware limited liability company and wholly owned subsidiary of the Company (“Merger Sub”), the Partnership and ONEOK Partners GP, L.L.C., a Delaware limited
liability company and the general partner of the Partnership, Merger Sub merged with and into the Partnership (the “Merger”), with the Partnership surviving and continuing to exist as a Delaware limited partnership and, as a result,
the Company acquired all of the outstanding common units representing limited partner interests in the Partnership that the Company and its subsidiaries did not already own; 

WHEREAS, Section 901 of the Indenture provides that the Company and the Trustee may from time to time and at any time, without the
consent of Holders, enter into a supplemental indenture to make any change that does not adversely affect the rights of any Holder; and 

WHEREAS, in connection with the transactions contemplated by the Merger Agreement, each of the Guarantors desires to become a guarantor
of, and provide a guarantee of, the currently outstanding securities, the titles of the series and the current outstanding principal amounts thereof being set forth on Schedule A hereto (collectively, the “Currently Outstanding
Securities”). 
 NOW THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, each Guarantor hereby guarantees the Company’s obligations under the Currently Outstanding Securities as follows: 

ARTICLE I 
 RELATION TO
INDENTURE; DEFINITIONS AND OTHER PROVISIONS OF GENERAL APPLICATION 
 Section 1.01 Relation to Indenture. With respect to the
Currently Outstanding Securities, this Supplemental Indenture constitutes an integral part of the Original 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 II 

AGREEMENT TO GUARANTEE 

Section 2.01 Unconditional Guarantee. 

(a) For value received, subject to Section 2.04 hereof, each of the Guarantors hereby fully, irrevocably, unconditionally and absolutely
guarantees to the Holders of each series of Currently Outstanding Securities and to the Trustee the due and punctual payment of the principal of, and premium, if any, and interest on such Currently Outstanding Securities, and all other amounts due
and payable under the Indenture and such Currently Outstanding Securities by the Company to the Trustee or such Holders (including, without limitation, all costs and expenses (including reasonable legal fees and disbursements of its agents and
counsel) incurred by the Trustee or such Holders in connection with the enforcement of the Indenture and the Guarantees) (collectively, the “Indenture Obligations”), when and as such amounts shall become due and payable, whether at
the Stated Maturity, upon redemption or by declaration of acceleration or otherwise, according to the terms of such Currently Outstanding Securities and the Indenture. The guarantees by the Guarantors set forth in this ARTICLE II are referred to
herein as the “Guarantees.” Without limiting the generality of the foregoing, each Guarantor’s liability shall extend to all amounts that constitute part of the Indenture Obligations and would be owed by the Company to the
Trustee or such Holders under the Indenture and such Currently Outstanding Securities but for the fact that they are unenforceable, reduced, limited, impaired, suspended or not allowable due to the existence of a bankruptcy, reorganization or
similar proceeding involving the Company. 
 (b) Failing payment when due of any amount guaranteed pursuant to the Guarantees, for whatever
reason, each Guarantor will be obligated (to the fullest extent permitted by applicable law) to pay the same immediately to the Trustee, without set-off or counterclaim or other reduction whatsoever (whether for taxes, withholding or otherwise). The
Guarantees hereunder are intended to be a general, unsecured, senior obligation of each Guarantor and will rank pari passu in right of payment with all unsecured indebtedness of such Guarantor that is not, by its terms, expressly subordinated
in right of payment to the Guarantees of such Guarantor. Each Guarantor hereby agrees that, to the fullest extent permitted by applicable law, subject to Section 2.04 hereof, its obligations hereunder shall be full, irrevocable, unconditional
and absolute, irrespective of the validity, regularity or enforceability of such Currently Outstanding Securities, the Guarantees or the Indenture, the absence of any action to enforce the same, any waiver or consent by any such Holder with respect
to any provisions hereof or thereof, the recovery of any judgment against the Company, any action to enforce the same or any other circumstance which might otherwise constitute a legal or equitable discharge or defense of such Guarantor. Each
Guarantor hereby agrees that in the event of a default in payment of any Indenture Obligations, whether at the Stated Maturity, upon redemption or by declaration of acceleration or otherwise, legal proceedings may be instituted by the Trustee on
behalf of such Holders or, subject to Section 507 of the Indenture, by such Holders, on the terms and conditions set forth in the Indenture, directly against such Guarantor to enforce the Guarantees without first proceeding against the Company.

 (c) To the fullest extent permitted by applicable law, subject to Section 2.04 hereof, the obligations of each Guarantor under this
ARTICLE II shall be as aforesaid full, irrevocable, unconditional and absolute and shall not be impaired, modified, discharged, released or limited by any occurrence or condition whatsoever, including, without limitation, (i) any compromise,
settlement, release, waiver, renewal, extension, indulgence or modification of, or any change in, any of the obligations and liabilities of the Company or either Guarantor contained in any of such Currently Outstanding Securities or the Indenture,
(ii) any impairment, modification, release or limitation of the 

  
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liability of the Company, either Guarantor or any of their estates in bankruptcy, or any remedy for the enforcement thereof, resulting from the operation of any present or future provision of any
applicable Bankruptcy Law, as amended, or other statute or from the decision of any court, (iii) the assertion or exercise by the Trustee or any such Holder of any rights or remedies under any of such Currently Outstanding Securities or the
Indenture or their delay in or failure to assert or exercise any such rights or remedies, (iv) the assignment or the purported assignment of any property as security for any of such Currently Outstanding Securities, including all or any part of
the rights of the Company or either Guarantor under the Indenture, (v) the extension of the time for payment by the Company or either Guarantor of any payments or other sums or any part thereof owing or payable under any of the terms and
provisions of any of such Currently Outstanding Securities or the Indenture or of the time for performance by the Company or either Guarantor of any other obligations under or arising out of any such terms and provisions or the extension or the
renewal of any thereof, (vi) the modification or amendment (whether material or otherwise) of any duty, agreement or obligation of the Company or either Guarantor set forth in the Indenture, (vii) the voluntary or involuntary liquidation,
dissolution, sale or other disposition of all or substantially all of the assets, marshaling of assets and liabilities, receivership, insolvency, bankruptcy, assignment for the benefit of creditors, reorganization, arrangement, composition or
readjustment, rehabilitation or relief of, or other similar proceeding affecting, the Company or either Guarantor or any of their respective assets, or the disaffirmance of any of such Currently Outstanding Securities, the Guarantees or the
Indenture in any such proceeding, (viii) the release or discharge of the Company or either Guarantor from the performance or observance of any agreement, covenant, term or condition contained in any of such instruments by operation of law,
(ix) the unenforceability of any of such Currently Outstanding Securities, the Guarantees or the Indenture, (x) any change in the name, business, capital structure, corporate existence, or ownership of the Company or either Guarantor, or
(xi) any other circumstance which might otherwise constitute a defense available to, or a legal or equitable discharge of, a surety or either Guarantor. 

(d) To the fullest extent permitted by applicable law, each Guarantor hereby (i) waives diligence, presentment, demand of payment, notice
of acceptance, filing of claims with a court in the event of the merger, insolvency or bankruptcy of the Company or such Guarantor, and all demands and notices whatsoever, (ii) acknowledges that any agreement, instrument or document evidencing
the Guarantees may be transferred and that the benefit of its obligations hereunder shall extend to each holder of any agreement, instrument or document evidencing the Guarantees without notice to them and (iii) covenants that its Guarantees
will not be discharged except by complete performance of the Guarantees. To the fullest extent permitted by applicable law, each Guarantor further agrees that if at any time all or any part of any payment theretofore applied by any Person to any
Guarantees is, or must be, rescinded or returned for any reason whatsoever, including without limitation, the insolvency, bankruptcy or reorganization of either Guarantor, such Guarantees shall, to the extent that such payment is or must be
rescinded or returned, be deemed to have continued in existence notwithstanding such application, and the Guarantees shall continue to be effective or be reinstated, as the case may be, as though such application had not been made. 

(e) Each Guarantor shall be subrogated to all rights of the Holders and the Trustee against the Company in respect of any amounts paid by such
Guarantor pursuant to the provisions of the Indenture; provided, however, that such Guarantor shall not be entitled to enforce or to receive any payments arising out of, or based upon, such right of subrogation with respect to any of
such Currently Outstanding Securities until all of such Currently Outstanding Securities and the Guarantees shall have been indefeasibly paid in full or discharged. 

(f) To the fullest extent permitted by applicable law, no failure to exercise and no delay in exercising, on the part of the Trustee or the
Holders, any right, power, privilege or remedy under this ARTICLE II and the Guarantees shall operate as a waiver thereof, nor shall any single or partial 

  
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exercise of any rights, power, privilege or remedy preclude any other or further exercise thereof, or the exercise of any other rights, powers, privileges or remedies. The rights and remedies
herein provided for are cumulative and not exclusive of any rights or remedies provided in law or equity. Nothing contained in this ARTICLE II shall limit the right of the Trustee or the Holders to take any action to accelerate the maturity of such
Currently Outstanding Securities pursuant to Article FIVE of the Indenture or to pursue any rights or remedies under the Indenture or under applicable law. 

Section 2.02 Limitation on Guarantor Liability. Each Guarantor and the Trustee hereby confirms that it is the intention of all such
parties that the Guarantees of such Guarantor not constitute a fraudulent transfer or conveyance for purposes of Bankruptcy Law, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar federal or state law to the
extent applicable to any Guarantees. To effectuate the foregoing intention, the Trustee and the Guarantors hereby irrevocably agree that the obligations of such Guarantor will be limited to the maximum amount that will, after giving effect to such
maximum amount and all other contingent and fixed liabilities of such Guarantor that are relevant under such laws, and after giving effect to any collections from, rights to receive contribution from or payments made by or on behalf of the other
Guarantor in respect of the obligations of such other Guarantor under this ARTICLE II, result in the obligations of such Guarantor under its Guarantees not constituting a fraudulent transfer or conveyance. 

Section 2.03 No Requirement to Endorse Notation of Guarantee. Each Guarantor hereby agrees that its execution and delivery of this
Supplemental Indenture and the provisions set forth in this ARTICLE II shall evidence its Guarantee without the need for notation on any Currently Outstanding Securities. 

Section 2.04 Release of Guarantee. 

(a) Notwithstanding anything to the contrary in this ARTICLE II, if a Guarantor (i) shall cease to be a Subsidiary of the Company or
(ii) shall no longer be (x) an obligor on, or issuer of, any capital markets debt securities or (y) a guarantor of any capital markets debt securities issued by the Company or the other Guarantor, in each case other than the Currently
Outstanding Securities or any other series of capital market debt securities of the Company outstanding on, and for which such Guarantor is giving a guarantee, the date hereof, 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 the Indenture, and the Guarantees shall be of no further force or effect with respect to such
Guarantor. Following the receipt by the Trustee of any such notice, the Company shall cause the Indenture to be amended as provided in Section 901 of the Indenture; provided, however, that the failure to so amend the Indenture
shall not affect the validity of the termination of the Guarantees with respect to such Guarantor. 
 (b) In addition, upon (i) the
exercise of the legal defeasance or covenant defeasance option or the satisfaction and discharge of the Indenture as provided in ARTICLES FIFTEEN and FOUR, respectively, of the Indenture with respect to a series of Currently Outstanding Securities,
or (ii) a series of Currently Outstanding Securities ceasing to be Outstanding, each of the Guarantors shall be deemed to be released from all its obligations under the Indenture with respect to such series of Currently Outstanding Securities
and the Guarantees of such series of Currently Outstanding Securities shall be of no further force or effect. 
 Section 2.05 Benefits
Acknowledged. Each Guarantor acknowledges that it shall receive direct and indirect benefits from the financing arrangements contemplated by the Indenture and from the Guarantees under this Supplemental Indenture. 

  
 4 

 ARTICLE III 

MISCELLANEOUS 
 Section
3.01 Notices. Notices to the Guarantor shall be made in accordance with Section 105 of the Indenture at the address for the Company set forth in such Section. 

Section 3.02 No Recourse Against Others. No director, officer, employee, partner (including, for greater certainty, any general partner
of any general partnership who is an individual person), incorporator, manager, stockholder or member of either Guarantor, as such, will have any liability for any obligations of the Company, such Guarantor or the other Guarantor under the Currently
Outstanding Securities or the Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. The waiver and release are part of the consideration for the issuance of the Guarantees and the Currently
Outstanding Securities. 
 Section 3.03 Certain Trustee Matters. 

The recitals contained herein shall be taken as the statements of the Company and the Guarantors, and the Trustee assumes no responsibility for
their correctness. 
 The Trustee makes no representations as to the validity or sufficiency of this Supplemental Indenture or the proper
authorization or the due execution hereof or thereof by the Company or any of the Guarantors. 
 Except as expressly set forth herein,
nothing in this Supplemental Indenture shall alter the duties, rights, privileges, immunities or obligations of the Trustee set forth in the Original Indenture and the Trustee shall be indemnified and held harmless in accordance with the terms
thereof. 
 Section 3.04 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 3.05 Governing Law. This Supplemental Indenture and the Currently Outstanding Securities shall be governed by and construed in
accordance with the laws of the State of New York. This Supplemental Indenture and the Currently Outstanding Securities are subject to the provisions of the Trust Indenture Act that are required to be part of this Supplemental Indenture and the
Currently Outstanding Securities and shall, to the extent applicable, be governed by such provisions. 
 Section 3.06 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) 

  
 5 

 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, INC.
		
	By:	 	 /s/ Terry K. Spencer

		 	Name:	 	Terry K. Spencer
		 	Title:	 	 President and Chief Executive

Officer

  

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

		
	By:	 	 /s/ Walter S. Hulse III

		 	Name:	 	Walter S. Hulse III
		 	Title:	 	 Chief Financial Officer and
 Executive Vice
President, Strategic Planning and Corporate Affairs

  

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

		
	By:	 	 /s/ Walter S. Hulse III

		 	Name:	 	Walter S. Hulse III
		 	Title:	 	 Chief Financial Officer and
 Executive Vice
President, Strategic Planning and Corporate Affairs

  

					
	 U.S. BANK NATIONAL ASSOCIATION,

as Trustee

		
	By:	 	 /s/ George Hogan

		 	Name:	 	George Hogan
		 	Title:	 	Vice President

  
 [Signature Page to
ONEOK Supplemental Indenture] 

 Schedule A 

Currently Outstanding Securities 

$400,000,000 6.00% Notes due 2035

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