SandRidge Energy, Inc.ID: 20 ###-###-#### Robert S. Kerr AvenueOklahoma City, Oklahoma 73102

Participant:

Effective [DATE] (the “Grant Date”), you have been granted an award of [number] Incentive Units under the SandRidge Energy, Inc. 2009 Incentive Plan, as amended (the “Plan”). The award is scheduled to vest in increments on the date(s) shown below.

This award is granted under and governed by the terms and conditions of the SandRidge Energy, Inc. 2009 Incentive Plan, as amended, and the Incentive Unit Award Certificate. The Award Certificate shall be deemed accepted, unless you provide written notice to the Company within ten (10) business days following the grant date stating that you do not wish to accept this award. A copy of the 2009 Incentive Plan can be found under the Company Information – Documents tabs of your E*Trade account or the Department – Stock Plan Administration tabs of the Company’s intranet. 

This Incentive Unit Award Certificate (“Award Certificate”) is granted by SandRidge Energy, Inc., a Delaware corporation (the “Company”). This Award Certificate consists of the following Award Agreement and the “Notice of Grant of Award” attached as the cover sheet to this Award Certificate, which identifies the Participant, the number of Incentive Units, the Grant Date, and the Vesting Dates of this Award.

In consideration of services performed, and to be performed, by the Participant for the Company, the Company makes this Award of Incentive Units to the Participant. This Award Certificate, the Incentive Units, and any payment with respect to the Incentive Units are conditioned on the following terms and the terms of the SandRidge Energy, Inc. 2009 Incentive Plan, as amended (the “Plan”), which are incorporated into this Award Certificate by reference. All capitalized terms used but not defined in this Award Certificate have the meaning set forth in the Plan.

1.Grant. The Company hereby grants to the Participant the number of Incentive Units set forth on the attached Notice of Grant Award. The grant is effective as of the Grant Date set forth on the attached Notice of Grant Award.

2.    Vesting Period.

(b)    If the Participant’s employment or service with the Company terminates before some or all of the Incentive Units vest, the Incentive Units that are unvested shall be immediately and automatically forfeited, provided that if the Participant’s employment or service with the Company terminates by reason of the Participant’s death or Disability, any Incentive Units that are unvested shall immediately and automatically vest.

(c)    Following forfeiture of any Incentive Units, the Participant shall have no further rights with respect to such Incentive Units, and no amounts will be due or paid with respect to such Incentive Units.

(d)    If the Participant’s service with the Company is interrupted by an approved leave of absence, then the applicable “Vesting Dates” shall be delayed by the number of full or partial months that the Participant is out on the approved leave of absence.

(e)    For purposes of any vesting acceleration provision in an agreement or arrangement between the Participant and the Company (such as acceleration of vesting upon

termination of employment), the Incentive Units will be considered equity-based compensation and entitled to the same treatment as other equity-based compensation.

3.    Payment.

(a)    The value of an Incentive Unit will equal the Fair Market Value of one share of the Company’s common stock on the Grant Date.

(b)    The Company shall pay the Participant the value of each vested Incentive Unit in a cash payment to the Participant (or, if the Participant is not living at the time of payment, to the Participant’s beneficiary), in the 30-day period following a date on which the applicable Incentive Units vest.

(c)    Following payment for an Incentive Unit under this Section 3, the Participant shall have no further rights with respect to such Incentive Unit, and no additional amounts will be due or paid with respect to such Incentive Unit.

4.    No Transfer. The Participant may not sell, assign, transfer, pledge, or otherwise dispose of any portion of this Award or the Incentive Units described in this Award Certificate.

5.    No Rights of the Participant as a Stockholder. The Participant, by virtue of receipt, vesting or payment of Incentive Units, shall have no rights related to any stock of the Company, such as the right to vote, the right to receive dividends payable either in stock or in cash, and the right to receive shares in any recapitalization of the Company.

(a)    The Company has the right to deduct from payments of any kind otherwise due to the Participant any federal, state or local taxes of any kind required by law to be withheld with respect to the issuance, vesting, or payment pursuant to the Incentive Units.

(b)    The Participant has had the opportunity to review with the Participant’s own tax advisors the federal, state, local and foreign tax consequences of the Incentive Units and the transactions contemplated by this Award Certificate. The Participant is relying solely on such advisors and not on any statements or representations of the Company or any of its agents. The Participant understands that the Participant (and not the Company) shall be responsible for the Participant’s own tax liability that may arise as a result of this Award.

(a)    No Rights to Employment. The Participant acknowledges and agrees that the vesting set forth in Section 2 shall apply only if the Participant provides continuous services to the Company, and that any such services (as an employee or otherwise) remain at the will of the Company. The Participant further acknowledges that nothing in this Award Certificate or

the Plan constitutes an express or implied promise of continued engagement as an employee or consultant.

(b)    Severability. The invalidity or unenforceability of any provision of this Award Certificate shall not affect the validity or enforceability of any other provision of this Award Certificate, and each other provision of this Award Certificate shall be severable and enforceable to the extent permitted by law.

(c)    Waiver. Any provision for the benefit of the Company contained in this Award Certificate may be waived, either generally or in any particular instance, by the Compensation Committee or its authorized delegees.

(d)    Binding Effect. This Award Certificate shall be binding upon and inure to the benefit of the Company and the Participant and their respective heirs, executors, administrators, legal representatives, successors and assigns.

(e)    Entire Agreement. This Award Certificate and the Plan constitute the entire agreement between the parties, and supersede all prior agreements and understandings, relating to the subject matter of this Award Certificate.

(f)    Amendment. The Company may revoke this Award Certificate at any time while any Incentive Units are outstanding if the Award Certificate is determined by the Company to be contrary to law and, in that event, the Company may give notice to the Participant that the Incentive Units are to be assigned, transferred, and delivered to the Company as soon as practicable following the date of the notice. The Company may also modify this Award Certificate to the extent necessary to bring the Award Certificate and the Incentive Units into compliance with any applicable and mandatory law or regulation now or hereafter promulgated by any governmental agency. The Compensation Committee shall obtain the Participant’s consent before it amends this Award Certificate to the extent required under the terms of the Plan.

(g)    Governing Law. This Award Certificate shall be construed, interpreted and enforced in accordance with the internal laws of the State of Delaware without regard to any applicable conflicts of laws.

(h)    Tax and Benefits Issues. This award of Incentive Units is intended to be exempt from Section 409A of the Code, and the provisions hereof shall be interpreted and administered consistently with such intent. Nothing in this Award shall transfer liability for any tax or penalty from the Participant to the Company or any other individual or entity. This Award will not be “benefit bearing” and will not be considered as compensation for purposes of the Company’s 401(k) plan, the non-qualified deferred compensation plan, or accrual of PTO or other leave.

(i)    Participant’s Acknowledgments. The Participant shall be deemed to have accepted this Award Certificate unless the Participant provides written notice to the Company, within ten (10) business days following the Grant Date, that the Participant does not wish to

accept the Award. By accepting this Award Certificate, the Participant acknowledges that he or she: (1) has read this Award Certificate; (2) has had the opportunity to be represented by legal counsel in connection with his or her acceptance of this Award Certificate; (3) understands the terms and consequences of this Award Certificate; and (4) is fully aware of the legal effect of this Award Certificate.