0001193125-11-100511 Sample Contracts

PERPETUAL OVERRIDING ROYALTY INTEREST CONVEYANCE (PUD)
Perpetual Overriding Royalty Interest Conveyance • April 18th, 2011 • SandRidge Mississippian Trust I • Crude petroleum & natural gas • Oklahoma

This PERPETUAL OVERRIDING ROYALTY INTEREST CONVEYANCE (this “Conveyance”) from SandRidge Exploration and Production, LLC, a Delaware limited liability company, with offices at 123 Robert S. Kerr Avenue, Oklahoma City, OK 73102-6406 (“Assignor”), to SandRidge Mississippian Trust I, a statutory trust formed under the laws of the State of Delaware (“Assignee”), is delivered to be effective as of 12:01 a.m., Central Time, January 1, 2011 (the “Effective Time”). All capitalized terms not otherwise defined herein shall have the meanings ascribed to such terms in Article II below.

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REGISTRATION RIGHTS AGREEMENT BY AND BETWEEN SANDRIDGE MISSISSIPPIAN TRUST I AND SANDRIDGE ENERGY, INC., DATED AS OF APRIL 12, 2011
Registration Rights Agreement • April 18th, 2011 • SandRidge Mississippian Trust I • Crude petroleum & natural gas • New York

This Registration Rights Agreement (the “Agreement”) is made and entered into as of April 12, 2011, by and between SandRidge Mississippian Trust I, a statutory trust formed under the laws of the State of Delaware (the “Trust”), and SandRidge Energy, Inc. (“SandRidge”), a Delaware corporation.

Space above for County Recorder’s Use
Mortgage • April 18th, 2011 • SandRidge Mississippian Trust I • Crude petroleum & natural gas • Oklahoma

THIS INSTRUMENT IS TO BE FILED AND RECORDED AS A MORTGAGE IN THE REAL ESTATE RECORDS OF EACH COUNTY IN WHICH THE LANDS DESCRIBED IN EXHIBIT A, OR ANY PORTION THEREOF, ARE LOCATED.

AMENDED AND RESTATED TRUST AGREEMENT OF SANDRIDGE MISSISSIPPIAN TRUST I Among SANDRIDGE ENERGY, INC. and THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A. and CORPORATION TRUST COMPANY Dated: As of April 12, 2011
Trust Agreement • April 18th, 2011 • SandRidge Mississippian Trust I • Crude petroleum & natural gas • Delaware

This Amended and Restated Trust Agreement of SandRidge Mississippian Trust I (the “Trust”), is entered into effective as of the 12th day of April, 2011, by and among SANDRIDGE ENERGY, INC., a Delaware corporation with its principal office in Oklahoma City, Oklahoma (“SandRidge”) as trustor, CORPORATION TRUST COMPANY, a corporation organized under the laws of the State of Delaware with its principal office in Wilmington, Delaware (“Corporation Trust”), as Delaware Trustee (as hereinafter defined), and THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., a national banking association organized under the laws of the United States of America with its principal place of business in New York, New York (the “Bank”), as Trustee (as hereinafter defined).

DEVELOPMENT AGREEMENT
Development Agreement • April 18th, 2011 • SandRidge Mississippian Trust I • Crude petroleum & natural gas • Oklahoma

This Development Agreement (the “Development Agreement”) by and among SandRidge Energy, Inc., a Delaware corporation, with offices at 123 Robert S. Kerr Avenue, Oklahoma City, OK 73102-6406 (“SandRidge Parent”), SandRidge Exploration and Production, LLC, a Delaware limited liability company and wholly owned subsidiary of SandRidge Parent with offices at 123 Robert S. Kerr Avenue, Oklahoma City, OK 73102-6406 (“Assignor” and, together with SandRidge Parent, “SandRidge”) and SandRidge Mississippian Trust I, a statutory trust formed under the laws of the State of Delaware (the “Trust”), is delivered to be effective as of 12:01 a.m., Central Time, January 1, 2011 (the “Effective Time”). All capitalized terms not otherwise defined herein shall have the meanings ascribed to such terms in Article I below.

ADMINISTRATIVE SERVICES AGREEMENT
Administrative Services Agreement • April 18th, 2011 • SandRidge Mississippian Trust I • Crude petroleum & natural gas • New York

This Administrative Services Agreement (this “Agreement”) by and between SandRidge Energy, Inc., a Delaware corporation, with offices at 123 Robert S. Kerr Avenue, Oklahoma City, OK 73102-6406 (the “Company”), and SandRidge Mississippian Trust I, a statutory trust formed under the laws of the State of Delaware (the “Trust”) is delivered to be effective as of 12:01 a.m., Central Time, January 1, 2011 (the “Effective Time”). All capitalized terms not otherwise defined herein shall have the meanings ascribed to such terms in Article I below.

DERIVATIVES AGREEMENT
Derivatives Agreement • April 18th, 2011 • SandRidge Mississippian Trust I • Crude petroleum & natural gas • New York

This DERIVATIVES AGREEMENT, delivered as of April 12, 2011, is between SandRidge Energy, Inc., a Delaware corporation (“SandRidge”), and SandRidge Mississippian Trust I, a Delaware statutory trust (the “Trust”) and is delivered to be effective as of 12:01 a.m., Central Time, April 1, 2011.

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