Document:

Severance, Proprietary Interest Protection and Non-Solicitation Agreement

 Exhibit 10.2 
  
 This SEVERANCE, PROPRIETARY INTEREST PROTECTION AND NON-SOLICITATION AGREEMENT dated as of June 14, 2005 (the
“Agreement”) is made by and between REWARDS NETWORK ESTABLISHMENT SERVICES INC., a Delaware corporation (the “Corporation”), and ROBERT WASSERMAN (the “Executive”). 
  
 WHEREAS, the Corporation wishes to employ the Executive as its
Executive Vice President, Sales and Marketing, Operations; 
  
 WHEREAS, the Corporation wishes to provide the benefits under this Agreement as an inducement for the Executive to enter into such employment; and 
  
 WHEREAS, the Executive wishes to be employed by the Corporation on the condition that the Corporation provide the
benefits under this Agreement; 
  
 NOW, THEREFORE, the
Corporation and the Executive hereby agree as follows: 
  

	1.	Termination without Cause/Change of Control. 

  
 (a) If Executive’s employment is terminated by the Corporation for any reason other than Cause (as defined below), disability, death or if there is a
change of control event (as defined in the Corporation’s LTIP) and a diminution in Executive’s duties resulting from such change of control event, Executive will be entitled to six month’s base salary (at the Executive’s
base salary rate on the termination date) plus one additional month of base salary for each complete year of service with the Corporation, with a maximum of twelve months base salary; provided, that Employee executes and delivers a Severance
and Release Agreement in form and substance satisfactory to Employer (a “Severance Agreement”) which will contain a general unconditional release of Employer, non-compete and non-solicit covenants similar to those found in Section 9
hereof, and a non-disparagement covenant. 
  
 (b)
“Cause” shall mean an event where the Executive (a) commits any act of fraud, willful misconduct or dishonesty in connection with this employment or which injures the Corporation or its direct or indirect subsidiaries; (b) commits a
material violation of law, rule or regulation of any governmental authority (federal, state or foreign) or any securities exchange or association or regulatory or self-regulatory body; (c) is charged with a crime involving moral turpitude,
dishonesty, fraud or unethical business conduct, or a felony; (d) gives or accepts undisclosed commissions or other payments in cash or in kind in connection with the affairs of the Corporation or any of its direct or indirect subsidiaries or their
respective clients. 
  

	2.	Limited Circumstances in Which Benefits are Payable Hereunder. No benefits shall be payable under this Agreement in the event that the Executive’s employment with the
Corporation ceases for any reason other than termination by the Corporation without Cause. Without limiting the generality of the foregoing, no benefits shall be payable hereunder in the event that the Executive’s employment with the
Corporation ceases as the result of termination by the Corporation for Cause, termination by the Executive, or the death or disability of the Executive. In the case of termination of the Executive’s employment as a result of the death or
disability of the Executive, benefits will be provided in accordance with the Corporation’s compensation and benefit plans in which the Executive participated immediately prior to his termination of employment. 

	3.	At-Will Employment. This Agreement is not an employment contract for a definite period. Executive is still an at-will employee. Executive or Rewards Network may terminate the
employment relationship at any time without notice. 

  

	4.	Disclosure of Confidential Information. Executive will not, without the Corporation’s prior permission, directly or indirectly disclose to anyone outside of the
Corporation, either during or after his employment, trade secrets or other confidential information of the Corporation, or any information received in confidence from third parties by the Corporation or about third parties by the Corporation, as
long as such matters remain trade secrets or confidential. The term “Corporation” as used in this Agreement shall include Rewards Network Services Inc. and its affiliated, parent and subsidiary corporations as well as its successors
and assigns. Trade secrets and other confidential information shall include any information or material which has not been made available generally to the public and which (a) is generated or collected by or utilized in the operations of the
Corporation and relates to the actual or anticipated business or research or development of the Corporation; or (b) is suggested by or results from any task assigned to Executive by the Corporation or work performed by him for or on behalf of the
Corporation. The confidentiality obligations herein shall not prevent Executive from revealing evidence of criminal wrongdoing to law enforcement or prohibit him from divulging confidential information or trade secrets by order of court or agency of
competent jurisdiction; however, Executive shall promptly inform the Corporation of any such situations and shall take such reasonable steps to prevent disclosure of confidential information or trade secrets until the Corporation has been informed
of such requested disclosure and the Corporation has had an opportunity to respond to the court or agency. 

  

	5.	Return of Property and Copying. Executive agrees that all tangible materials (whether originals or duplicates), including, but not limited to, drawings, notebooks, reports,
proposals, price lists, list of actual or potential customers or suppliers, formulae, prototypes, tools, equipment, models, specifications, methodologies, blueprints, financial data, contracts, agreements, correspondence, documents, computer disks,
software, computer printouts, information stored electronically on a computer, memoranda, and notes, in his possession or control which in any way relate to the Corporation’s business and which are furnished to Executive by the Corporation or
which are prepared, compiled or acquired by Executive while employed by the Corporation shall be the sole property of the Corporation. Executive will at any time upon the request of the Corporation and in any event promptly upon termination of his
employment, deliver all such materials to the Corporation and will not retain any originals or copies of such materials. Executive also agrees that he will not copy or remove from the Corporation’s place of business property or information
belonging to the Corporation or entrusted to the Corporation without the express written consent of the Corporation. 

  

	6.	 Assignment of Intellectual Property. Executive hereby assigns to the Corporation his entire right, title and interest in any idea, formula, invention,
discovery, design, drawing, process, method, technique, device, improvement, computer program and related documentation, technical and non-technical data and work of authorship (all hereinafter called “Developments”), which
Executive may solely or jointly conceive, write or acquire during the period Executive is employed with the Corporation and which relate in any way to the actual or anticipated business or research or development of the Corporation, or which are
suggested by or result from any task assigned to Executive or work performed by Executive for or on behalf of the Corporation, whether or not such 

 
Developments are made, conceived, written or acquired during normal hours of employment or using the Corporation facilities, and whether or not such
Developments are patentable, copyrightable or susceptible to other forms of protection. The foregoing provision regarding assignment of right, title and interest does not apply to a Development for which no equipment, supplies, facilities or trade
secret information of the Corporation was used and which was developed entirely on Executive’s own time, unless (a) the Development relates (i) to the business of the Corporation or (ii) to the Corporation’s actual or demonstrably
anticipated research or development or (b) the Development results from any work performed by Executive for the Corporation. Executive acknowledges that the copyright and any other intellectual property right in any Developments and related
documentation, and work of authorship, which are created within the scope of his employment with the Corporation, belong to the Corporation. 
  

	7.	Disclosure of Intellectual Property. In connection with any of the Developments referred to in Section 6, Executive will promptly disclose them to the management of the
Corporation and Executive will, on the Corporation’s request, promptly execute a specific assignment of title to the Corporation and such other documents as may reasonably be requested by the Corporation for the purpose of vesting, confirming
or securing the Corporation title to the Developments, and Executive will do anything else reasonably necessary to enable the Corporation to secure a patent, copyright or other form of protection thereof in the United States and Canada and in other
countries even after the termination of his employment with the Corporation. 

  

	8.	Identification of Intellectual Property. Executive has identified on Exhibit A all Developments not assigned by Section 6 in which he has any right, title or interest,
and which were made, conceived or written wholly or in part by Executive prior to his employment with the Corporation and which relate to the actual or anticipated business or research or development of the Corporation. If Executive does not have
any to identify, Executive will write “none” on this line:                    . Executive represents that he is not a party to any
agreements which would limit his ability to assign Developments as provided for in Section 6. 

  

	9.	Protection of Proprietary Interests. 

  

	 	A.	Executive agrees that during his employment with the Corporation, and for a period of 12 months thereafter, Executive will not, directly or indirectly, on behalf of himself or any
other person, company or entity, solicit or participate in soliciting, products or services competitive with or similar to products or services offered by, manufactured by, designed by or distributed by the Corporation to any person, company or
entity which was a Corporation customer, restaurant, member or partner for such products or services and with which Executive had contact regarding those products or services at any time during the last 12 months of his employment with the
Corporation. 

  

	 	B.	Executive agrees that that during his employment by the Corporation and for 12 months thereafter, he will not directly or indirectly, in any capacity, provide products or services
competitive with or similar to products or services offered by the Corporation to any person, company or entity which was a Corporation customer, restaurant, hotel, retail merchant, member or partner for such products or services and with which
Executive had contact regarding those products or services at any time during the last 12 months of his employment with the Corporation. 

	 	C.	Executive agrees that during his employment and for 12 months thereafter, he will not in any capacity sell, manage, supervise or offer products or services competitive with or
similar to the restaurant, hotel or retail marketing, restaurant, hotel or retail financing or restaurant, hotel or retail rewards business of the Corporation in any territory in which Executive worked while employed by the Corporation during the
last 12 months of his employment with the Corporation. 

  

	 	D.	Executive agrees that during his employment with the Corporation and for a period of 12 months thereafter, he will not, directly or indirectly hire, solicit, attempt to persuade or
communicate with any employee of the Corporation, or any person who was an employee of the Corporation within the two months preceding contact between himself and that person, to leave the employ of the Corporation or otherwise interfere with the
performance of their duties for the Corporation. 

  

	 	E.	Executive agrees that during his employment and for a period of 12 months thereafter he will not directly or indirectly, on behalf of himself or any other person, company or entity,
participate in the development of any products or services similar to or competitive with products or services of the Corporation with which Executive had product or service research or development responsibilities during the last 12 months of his
employment with the Corporation. 

  

	10.	Notices. All notices, requests, demands and other communications hereunder shall be in writing and shall be deemed to have been duly given by the party giving such notice or
other communication and to have been duly received by the other party (a) on the date on which such notice or other communication shall be delivered by hand to and receipted for by such other party, or (b) three business days after the date on which
such notice or other communication shall be mailed by certified mail with postage prepaid: 

  

			
	(i) If to the Executive, to:	  	 Robert Wasserman
 1N165 Partridge Drive
 Wheaton, IL 60188

		
	(ii) If to the Corporation, to:	  	 Rewards Network Services Inc.
 c/o Rewards Network
Inc.
 Two North Riverside Plaza
 Suite 950
 Chicago, IL 60606
 Attention: General Counsel

  
 or such other address as may have been
furnished to the Corporation by the Executive or to the Executive by the Corporation, as the case may be. 

	11.	Successors. 

  

	 	A.	The Corporation shall require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business and/or assets
of the Corporation to agree in writing to assume the Corporation’s obligations under this Agreement and to perform such obligations in the same manner and to the same extent that the Corporation is required to perform them. As used in this
Agreement, “Corporation” shall mean the Corporation as hereinabove defined and any successor to its business and/or assets as aforesaid which assumes and agrees to perform the Corporation’s obligations under this Agreement by
operation of law or otherwise. 

  

	 	B.	This Agreement shall inure to the benefit of and be enforceable by the Executive’s personal or legal representatives, executors, administrators, successors, heirs,
distributees, devisees and legatees. If the Executive shall die while any amounts would still be payable to him in accordance with the terms of this Agreement if he had continued to live, all such amounts shall be paid to his devisee, legatee or
other designee or, if there is no such designee, to his estate. 

  

	12.	Governing Law. This Agreement shall be governed by and construed in accordance with the internal laws of the State of Illinois, without regard to the choice of law
provisions. 

  

	13.	Modification and Waiver. No provision of this Agreement may be amended, modified, waived or discharged except pursuant to a written agreement signed by the Corporation and
the Executive. 

  
 IN WITNESS WHEREOF, the
parties hereto have executed and delivered this Agreement as of the day and year first above written. 
  

					
	EXECUTIVE	  	REWARDS NETWORK ESTABLISHMENT SERVICES INC.
			
	 /s/ Robert Wasserman

	  	By:	 	 /s/ Bryan R. Adel

	Robert Wasserman	  	Name:	 	Bryan R. Adel
	 	  	Title:	 	Senior Vice PresidentSecond Supplemental Indenture

 EXHIBIT 4.1 
  

THIS SECOND SUPPLEMENTAL INDENTURE is made as of the 17th day of June, 2005, by and between ONEOK, INC., an Oklahoma corporation (the
“Company”), and SUNTRUST BANK, a Georgia banking corporation with trust powers, as trustee (the “Trustee”). 
  
 WITNESSETH: 
  
 WHEREAS, the Company has heretofore entered into an Indenture, dated as of December 28, 2001 (the “Original Indenture”), with the Trustee;

  
 WHEREAS, the Original Indenture is incorporated herein by this
reference and the Original Indenture, as supplemented by this Second Supplemental Indenture, is herein called the “Indenture”; 
  
 WHEREAS, under the Original Indenture, a new series of Securities may, at any time, be established pursuant to a supplemental indenture executed by the
Company and the Trustee; 
  
 WHEREAS, the Company proposes to
create under the Indenture a new series of Securities; and 
  
 WHEREAS, all conditions necessary to authorize the execution and delivery of this Second Supplemental Indenture and to make it a valid and binding obligation of the Company have been done or performed. 
  
 NOW, THEREFORE, in consideration of the agreements and obligations set forth
herein and for other good and valuable consideration, the sufficiency of which is hereby acknowledged, the parties hereto hereby agree as follows: 
  
 ARTICLE 1 
  
 5.20% NOTES DUE 2015 
  
 Section 1.01. Establishment. There is hereby established a new series of Securities to be issued under the Indenture, to be designated as the Company’s 5.20% Notes due 2015 (the “Notes”).

  
 There are to be authenticated and delivered $400,000,000
principal amount of Notes to be issued to underwriters at 99.296% of principal amount. The Company shall have the right to issue additional Notes at any time upon compliance with the provisions of the Indenture applicable to the issuance of
additional Securities. The Notes shall be issued in definitive fully registered form. 
  
 The Notes shall be issued initially in the form of one or more Global Securities, each in substantially the form set out in Exhibit A hereto. The initial Depositary with respect to the Notes shall be The Depository
Trust Company. 

 The Company will not pay Additional Amounts, as defined in Section 1008 of the Original Indenture.

  
 The Notes will not be convertible into or exchangeable for
Common Stock or other equity or debt securities. 
  
 The form of
the Trustee’s Certificate of Authentication for the Notes shall be in substantially the form set forth in Exhibit B hereto. 
  
 Each Note shall be dated the date of authentication thereof and shall bear interest from the Original Issue Date. 
  
 The interest rate on the Notes will not be reset pursuant to Section 308(b)
of the Original Indenture and the Stated Maturity shall not be extended pursuant to Section 309 of the Original Indenture. 
  
 Section 1.02. Definitions. The following defined terms used herein shall, unless the context otherwise requires, have the meanings specified below.
Capitalized terms used herein for which no definition is provided herein shall have the meanings set forth in the Original Indenture. 
  
 “Adjusted Treasury Rate” means, with respect to any Redemption Date, the rate per annum equal to the semi-annual equivalent yield to maturity of
the Comparable Treasury Issue, assuming a price of the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for such Redemption Date. 
  
 “Comparable Treasury Issue” means the United States Treasury
security selected by the Quotation Agent as having a maturity comparable to the remaining term of the Notes to be redeemed that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues of
corporate debt securities of comparable maturity to the remaining term of the Notes. 
  
 “Comparable Treasury Price” means, with respect to any Redemption Date, the Reference Treasury Dealer Quotation for such Redemption Date. 
  
 “Interest Payment Dates” means June 15 and December 15 of each year, commencing December 15, 2005. 
  
 “Original Issue Date” means June 17, 2005. 
  
 “Quotation Agent” means a Reference Treasury Dealer. 
  
 “Reference Treasury Dealer” means either Citigroup Global Markets
Inc. or UBS Securities LLC and its successors; provided, however, that if either of the foregoing shall cease to be a primary U.S. Government Securities dealer in New York City (a “Primary Treasury Dealer”), the Company shall substitute
therefor another Primary Treasury Dealer and certify same to the Trustee. 
  

 2 

 “Reference Treasury Dealer Quotation” means, with respect to any Redemption Date, the average,
as determined by the Company and certified to the Trustee by the Company, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Company by a Reference
Treasury Dealer at 5:00 p.m. on the third Business Day preceding such Redemption Date. 
  
 “Regular Record Date” means June 1 in the case of a June 15 Interest Payment Date and December 1 in the case of a December 15 Interest Payment Date. 
  
 “Stated Maturity” means June 15, 2015. 
  
 Section 1.03. Payment of Principal and Interest. The principal of the
Notes shall be due at the Stated Maturity (unless earlier redeemed). The unpaid principal amount of the Notes shall bear interest at the rate of 5.20% per annum until paid or duly provided for. Interest shall be paid semi-annually in arrears on each
Interest Payment Date to the Person in whose name the Notes are registered on the Regular Record Date for such Interest Payment Date and on the Stated Maturity. Accrued interest paid on the Stated Maturity shall be paid to the Person to whom
principal is paid. Any such interest that is not so punctually paid or duly provided for (and, if applicable, interest on such Defaulted Interest (to the extent lawful) at the rate specified in the Notes) will forthwith cease to be payable to the
Holders on such Regular Record Date and may be paid, at the election of the Company, either: (1) to the Person or Persons in whose name the Notes are registered at the close of business on a Special Record Date to be fixed by the Trustee for the
payment of such Defaulted Interest, notice whereof shall be given to Holders of the Notes not less than ten days prior to such Special Record Date, or (2) in any other lawful manner, if such manner of payment shall be deemed practicable by the
Trustee. 
  
 Payments of interest on the Notes will include
interest accrued to but excluding the respective Interest Payment Dates. Interest payments for the Notes shall be computed and paid on the basis of a 360-day year of twelve 30-day months. 
  
 Payment of the principal and interest due at the Stated Maturity or earlier redemption of the Notes shall be made upon
surrender of the Notes at the Corporate Trust Office of the Trustee. The principal of and interest on the Notes shall be paid in such currency of the United States of America as at the time of payment is legal tender for payment of public and
private debts. Payments of interest will be made at the option of the Company, by (i) check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) wire transfer to an account located in the
United States maintained by the payee. 
  
 Section 1.04.
Denominations. The Notes may be issued in denominations of $1,000 or any integral multiple thereof. 
  
 Section 1.05. Global Securities. The Notes will be issued in the form of one or more Global Securities registered in the name of the Depositary or
its nominee. Except under the limited circumstances described below, Notes represented by a Global Security will not be exchangeable for, and will not otherwise be issuable as, Notes in definitive form. The Global Securities may not be transferred
except by the Depositary to a nominee of the Depositary or by a nominee of the Depositary to the Depositary or another nominee of the Depositary or to a successor Depositary or its nominee. 
  

 3 

 Owners of beneficial interests in a Global Security will not be considered the Holders thereof for any
purpose under the Indenture, and no Global Security representing a Note shall be exchangeable, except for another Global Security of like denomination and tenor to be registered in the name of the Depositary or its nominee or to a successor
Depositary or its nominee. The rights of Holders of such Global Security shall be exercised only through the Depositary. 
  
 A Global Security shall be exchangeable for Notes registered in the names of persons other than the Depositary or its nominee only if (i) the Depositary
notifies the Company that it is unwilling or unable to continue as a Depositary for such Global Security and no successor Depositary shall have been appointed by the Company, or if at any time the Depositary ceases to be a clearing agency registered
under the Securities Exchange Act of 1934, as amended, at a time when the Depositary is required to be so registered to act as such Depositary and no successor Depositary shall have been appointed by the Company, in each case within 90 days after
the Company receives such notice or becomes aware of such cessation, (ii) the Company in its sole discretion determines that such Global Security shall be so exchangeable, or (iii) there shall have occurred an Event of Default with respect to the
Notes. 
  
 Section 1.06. Transfer. No service charge will
be made for any transfer or exchange of Notes, but payment will be required of a sum sufficient to cover any tax or other governmental charge that may be imposed in connection therewith. 
  
 Section 1.07. Redemption at the Company’s Option. The Notes will be redeemable, in whole or in part, at any time
at the option of the Company at a redemption price (the “Redemption Price”) equal to the greater of (i) 100% of the principal amount of such Notes or (ii) as determined by a Quotation Agent, the sum of the present values of the remaining
scheduled payments of principal and interest (not including any portion of those payments of interest accrued as of the date of redemption) discounted to the date of redemption (the “Redemption Date”) on a semi-annual basis (assuming a
360-day year consisting of twelve 30-day months) at the Adjusted Treasury Rate plus 20 basis points, plus, in the case of (i) and (ii), accrued but unpaid interest to the Redemption Date. 
  
 Notice of any redemption will be mailed at least 30 days but not more than 60 days before the Redemption Date to each Holder
of the Notes to be redeemed. Unless the Company defaults in payment of the Redemption Price, interest will cease to accrue on the Notes or portions thereof called for redemption on and after the Redemption Date. 
  
 Section 1.08. Other Terms. 
  
 The Notes will not have a sinking fund. 
  
 Notice of redemption shall be given as provided in Section 1104 of the
Original Indenture. 
  

 4 

 Any redemption of less than all of the Notes shall, with respect to the principal thereof, be divisible
by $1,000. 
  
 ARTICLE 2 
  
 AMENDMENT TO INDENTURE 
  
 Section 2.01. Amendment to Events of Default Provision. Pursuant to
Sections 901(6) and 301(9) of the Indenture, Section 501(4) of the Indenture is hereby deleted in its entirety, with respect to the series of Notes established by this Second Supplemental Indenture, and replaced with the following: 
  
 “(4) default under any indenture or instrument under
which the Company or any Restricted Subsidiary has at the time outstanding indebtedness for borrowed money or guarantees thereof in any individual instance in excess of $100,000,000 and, if not already matured in accordance with its terms, such
indebtedness has been accelerated and such acceleration is not rescinded or annulled within 30 days after notice thereof has been given to the Company by the Trustee or to the Company and the Trustee by the Holders of at least 25% in aggregate
principal amount of outstanding Securities of such series; provided that, if, prior to the entry of judgment in favor of the Trustee for payment of the Indenture Securities of such series, the default under such indenture or instrument has been
remedied or cured by the Company or such Restricted Subsidiary, or waived by the holders of such indebtedness, then the Event of Default under the Indenture will be deemed likewise to have been remedied, cured or waived; or” 
  
 ARTICLE 3 
  
 MISCELLANEOUS PROVISIONS 
  
 Section 3.01. Recitals by Company. The recitals in this Second Supplemental Indenture are made by the Company only and not by the Trustee, and all
of the provisions contained in the Original Indenture in respect of the rights, privileges, immunities, powers and duties of the Trustee shall be applicable in respect of Notes and of this Second Supplemental Indenture as fully and with like effect
as if set forth herein in full. 
  
 Section 3.02. Ratification
and Incorporation of Original Indenture. Subject to Article 2, the Original Indenture is in all respects ratified and confirmed, and the Original Indenture and this Second Supplemental Indenture shall be read, taken and construed as one and the
same instrument; provided that, in the case of a conflict between this Second Supplemental Indenture and the Original Indenture, this Second Supplemental Indenture shall control. 
  
 Section 3.03. Executed in Counterparts. This Second Supplemental Indenture may be simultaneously executed in several
counterparts, each of which shall be deemed to be an original, and such counterparts shall together constitute one and the same instrument. 
  
 Section 3.04. Parties Interested Herein. Nothing in the Indenture expressed or implied is intended or shall be construed to confer upon, or to give
or grant to, any person or 
  

 5 

 entity, other than the Company, the Trustee, the Paying Agent and the registered owners of the Notes, any right, remedy
or claim under or by reason of the Indenture or any covenant, condition or stipulation hereof, and all covenants, stipulations, promises and agreements in the Indenture contained by and on behalf of the Company shall be for the sole and exclusive
benefit of the Company, the Trustee, the Paying Agent and the registered owners of the Notes. 
  
 [remainder of page intentionally left blank] 
  

 6 

 IN WITNESS WHEREOF, each party hereto has caused this Second Supplemental Indenture to be signed in its
name and behalf by its duly authorized officer or signatory, all as of the day and year first above written. 
  

			
	ONEOK, INC.
		
	By:	 	 /s/ Jim Kneale

	 	 	Jim Kneale, Executive Vice President— Finance and Administration and Chief Financial Officer
	
	SUNTRUST BANK, as Trustee
		
	By:	 	 /s/ George Hogan

	 	 	Authorized Signatory

 EXHIBIT A 
  
 FORM OF NOTE 
  
 [Attached] 

 THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS
REGISTERED IN THE NAME OF A DEPOSITORY OR A NOMINEE THEREOF. THIS SECURITY MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A SECURITY REGISTERED, AND NO TRANSFER OF THIS SECURITY IN WHOLE OR IN PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER
THAN SUCH DEPOSITORY OR ITS NOMINEE EXCEPT IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE. 
  
 UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE
ISSUER OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE, OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR IN 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. 
  
 No.      
  
 ONEOK, INC. 
  
 5.20% NOTES DUE 2015 
  
 CUSIP: 682680 AM 5 
  
 ONEOK, Inc., an Oklahoma corporation (herein called “Company,” which term includes any successor corporation under the Indenture referred to
herein), for value received, hereby promises to pay to: 
  
 CEDE
& CO. 
  
 or registered assigns, the principal sum of 
  
 *                             DOLLARS* 
  
 on June 15, 2015 and to pay interest on such principal sum at the rate of five and one-fifth
percent (5.20%) per annum. 
  
 The Company will pay interest from
June 17, 2005, semi-annually on June 15 and December 15 of each year, and on the date of maturity, commencing December 15, 2005 (each such date an “Interest Payment Date”), until the principal hereof is otherwise paid or duly provided for.
The interest so payable, and punctually paid or duly provided for, on any Interest 

 Payment Date will, as provided in the Indenture (as defined below), be paid to the holder of this Note (the
“Holder”) of record at the close of business on the regular record date (the “Regular Record Date”) for such Interest Payment Date, which shall be June 1 (in the case of the June 15 Interest Payment Date) or December 1 (in the
case of the December 15 Interest Payment Date), whether or not a Business Day. Interest will be computed on the basis of a 360-day year of twelve 30-day months. 
  

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 by virtue
of his having been such Holder, and may be paid to the Holder of record of this Note at the close of business on a special record date (the “Special Record Date”) fixed by the Company for the payment of such defaulted interest, notice
whereof shall be given to Holders not less than ten days prior to such Special Record Date, all as more fully provided in the Indenture. 
  
 Payment of the principal of this Note and the interest thereof will be made at the office or agency of the Company in the Borough of Manhattan, City and
State of New York or at the Corporate Trust Office of the Trustee in such currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. 

 ONEOK, INC. 
 5.20% Notes due 2015 
  
 This Note
is one of a duly authorized issue of debt securities of the Company (herein called the “Securities”), issuable in one or more series, issued and to be issued under and pursuant to an Indenture dated as of December 28, 2001, as amended and
supplemented by that certain Second Supplemental Indenture (the “Indenture”), duly executed and delivered by the Company to SunTrust Bank (the “Trustee,” which term includes any successor trustee under the Indenture), and is one
of a series unlimited in aggregate principal amount and designated as 5.20% Notes due 2015 (the “Notes”). Reference is hereby made to the Indenture for a description of the rights, limitations of rights, obligations, duties and immunities
thereunder of the Trustee, the Company and the holders of Securities (including Holders of the Notes). 
  
 The Notes are subject to defeasance at the option of the Company as provided in the Indenture. 
  
 As long as this Note is represented in global form (the “Global
Security”) registered in the name of the Depositary or its nominee, except as provided in the Indenture and subject to certain limitations therein set forth, no Global Security shall be exchangeable or transferable. 
  
 If an Event of Default (as defined in the Indenture) with respect to the
Notes shall occur and be continuing, the principal plus any accrued interest may be declared due and payable in the manner and with the effect and subject to the conditions provided in the Indenture. 
  
 The Indenture permits the amendment thereof and the modification of the
rights and obligations of the Company and the rights of the Holders under the Indenture at any time by the Company and the Trustee with the consent of the Holders of a majority in aggregate principal amount of the Securities then Outstanding (as
defined in the Indenture) of all series that are affected by such amendment or modification, except that certain amendments may be made without the approval of holders of the Securities. No amendment or modification may, among other things, change
the Stated Maturity of any Security, reduce the principal amount thereof, reduce the rate or change the time of payment of any interest thereon, or reduce the percentage in principal amount of Securities, consent of the holders of which is required
for any such amendment or modification, without the consent of each Securityholder affected. 
  
 Notwithstanding any provision in the Indenture or any provision of this Note, the Holder of this Note shall have the right, which is absolute and unconditional, to receive payment of the principal of (and premium, if
any) and interest on this Note at the times, places and rate, and in the currency herein prescribed. 
  
 The Notes may be redeemed, in whole or in part, at any time at the option of the Company at a Redemption Price equal to the greater of (i) 100% of the
principal amount of such Notes or (ii) as determined by a Quotation Agent, the sum of the present values of the remaining scheduled payments of principal and interest (not including any portion of those payments of interest accrued as of the date of
redemption) discounted to the date of redemption on a semi-annual basis (assuming a 360-day consisting of twelve 30-day months) at the Adjusted Treasury Rate plus 20 basis points, plus, in the case of (i) and (ii), accrued but unpaid interest to the
Redemption Date. 

 In the event of redemption of this Note in part only, a new Note or Notes of this series for the
unredeemed portion hereof will be issued in the name of the Holder upon surrender hereof or otherwise reduced in accordance with the provisions of the Indenture. The Notes will not have a sinking fund. 
  
 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 but not
defined herein have the meanings assigned to them in the Indenture. 
  
 Unless the certificate of authentication hereon has been executed by or on behalf of the Trustee 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 Company has caused this Note to be duly executed. 
  

			
	ONEOK, INC.
		
	By:	 	  

	Name:	 	 
	Title:	 	 
		
	Attested:	 	  

	Name:	 	 
	Title:	 	 

  
  
  
  

	
	TRUSTEE’S CERTIFICATE OF AUTHENTICATION
	
	Dated:
                                        
                 
	
	This is one of the Notes referred to in the within- mentioned Indenture.

							
			
	 	 	SUNTRUST BANK	 	 
	 	 	as Trustee	 	 
				
	 	 	By:	 	  

	 	 
	 	 	 	 	Authorized Signatory	 	 

 SCHEDULE OF EXCHANGES OF INTEREST IN THE NOTE 
  
 The following exchanges of interests in this Note have been made: 

 

									
	 Date of Exchange

	 	 Amount of decrease in
 this Note

	 	 Amount of increase
 in this Note

	  	 Principal Amount of
 this Note following
 such decrease or increase

	  	Signature of authorized
signatory of Trustee

 ASSIGNMENT FORM 
  

To assign this Note, fill in the form below: 
 I or we assign and transfer this Note to 
  
 ____________________ 
  
 ____________________ 

 
 Insert assignee’s soc. sec. or tax I.D. no. 
  
 ____________________ 
  
  
 ______________________________________________________________________________________________________________ 
 (Print or type
assignee’s name, address and zip code) 
  
  
 ______________________________________________________________________________________________________________ 
  
  
 ______________________________________________________________________________________________________________ 
  
  
 ______________________________________________________________________________________________________________ 
  
  
 and all rights thereunder and irrevocably appoint
____________________________________________________________________ 
  
  
 ______________________________________________________________________________________________________________ 
  
 agent to transfer this Note on the books of the Company. The agent may substitute another to
act for him. 
  

					
	Dated:                     	 	 	 	  

			
	 	 	 	 	  

  
 THE SIGNATURE TO THIS
ASSIGNMENT MUST CORRESPOND WITH THE NAME AS IT APPEARS ON THE FIRST PAGE OF THE NOTE. 
  
 THE SIGNATURE MUST BE GUARANTEED BY AN “ELIGIBLE GUARANTOR INSTITUTION” THAT IS A MEMBER OR PARTICIPANT IN A “SIGNATURE GUARANTEE PROGRAM” (E.G., THE SECURITIES TRANSFER AGENTS MEDALLION PROGRAM,
THE STOCK EXCHANGE MEDALLION PROGRAM OR THE NEW YORK STOCK EXCHANGE, INC. MEDALLION PROGRAM). 

 EXHIBIT B 
  
 CERTIFICATE OF AUTHENTICATION 
  
 This is one of the Notes referred to in the within mentioned Indenture. 
  

					
	 	 	SUNTRUST BANK, as
	 	 	    Trustee [or Successor Trustee]
			
	Dated:                             	 	By:	 	  

	 	 	 	 	Authorized Signatory

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