Supplemental Indenture



 Exhibit 4.7 
 SUPPLEMENTAL INDENTURE 
 Dated as of August 20, 2012 

among 
 SANDRIDGE
ENERGY, INC., 
 as Issuer 
 the Guarantors party hereto 
 and 

WELLS FARGO BANK, NATIONAL ASSOCIATION 
 as Trustee 
 to the 

Indenture dated as of May 1, 2008 
 relating to the Issuer’s 
 SENIOR FLOATING RATE NOTES DUE 2014 







 THIS SUPPLEMENTAL INDENTURE (the “Supplemental Indenture”), dated as of
August 20, 2012, among SANDRIDGE ENERGY, INC., a Delaware corporation (the “Company”), the Guarantors party hereto (the “Guarantors”) and WELLS FARGO BANK, NATIONAL ASSOCIATION, as trustee (the
“Trustee”), supplements and amends that certain Indenture, dated as of May 1, 2008, among the Company, the Guarantors and the Trustee, as supplemented and amended by (i) that certain First Supplemental Indenture, dated as
of March 15, 2011 (the “First Supplemental Indenture”), (ii) that certain Supplemental Indenture, dated as of April 17, 2012 (the “April 2012 Supplemental Indenture”), and (iii) that certain
Supplemental Indenture, dated as of June 1, 2012 (the “June 2012 Supplemental Indenture”) (such indenture, together with the First Supplemental Indenture, April 2012 Supplemental Indenture and June 2012 Supplemental Indenture,
the “Original Indenture” and, as supplemented by this Supplemental Indenture, the “Indenture”). 
 RECITALS 
 WHEREAS, the Company, the Guarantors party thereto and the
Trustee entered into the Original Indenture and, pursuant thereto, the Company issued (i) $650,000,000 aggregate principal amount of its 8.625% Senior Notes due 2015 (the “Senior Notes”) and (ii) $350,000,000 aggregate
principal amount of it Senior Floating Rate Notes due 2014 (the “Senior Floating Rate Notes,” and, together with the Senior Notes, the “Notes”); 

WHEREAS, the Company previously purchased or redeemed all of the outstanding Senior Notes and none of the Senior Notes are currently
outstanding; 
 WHEREAS, Section 9.02 of the Indenture provides that, with the consent of the Holders of a majority in
aggregate principal amount of the outstanding Notes, the Company, the Guarantors and the Trustee may amend, modify or supplement the Original Indenture and the Notes (subject to certain exceptions); 

WHEREAS, Section 9.02 provides further that if any such amendment, modification, or supplement would affect only the Senior Notes or
the Senior Floating Rate Notes, only the consent of the Holders of a majority in aggregate principal amount of the outstanding Senior Notes or Senior Floating Rate Notes, as applicable, shall be required; 

WHEREAS, the Company has been soliciting consents from Holders of the Senior Floating Rate Notes to this Supplemental Indenture upon the
terms and subject to the conditions set forth in its Offer to Purchase and Consent Solicitation Statement, dated August 6, 2012 (as the same may be amended or supplemented from time to time, the “Statement”), and in the related
Consent and Letter of Transmittal (as the same may be amended or supplemented from time to time, the “Consent and Letter of Transmittal” which, together with the Statement, constitute the “Tender Offer”);

 WHEREAS, the Company has received the consent of the Holders of a majority in aggregate principal amount of the outstanding
Senior Floating Rate Notes, and has delivered such consents to the Trustee in accordance with Section 9.02(d) of the Indenture, along with an Officers’ Certificate in accordance with Section 12.04 of the Indenture and an Opinion of
Counsel in accordance with Sections 9.04 and 12.04 of the Indenture; 

  
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 WHEREAS, the Company and the Guarantors desire and have requested the Trustee to join with
them in entering into this Supplemental Indenture for the purpose of amending the Indenture and the Senior Floating Rate Notes in certain respects as permitted by Section 9.02 of the Indenture; and 

WHEREAS, all other acts and proceedings required by law, by the Indenture and by the charter documents of the Company and the Guarantors
to make this Supplemental Indenture a valid and binding agreement for the purposes expressed herein, in accordance with their terms, have been duly done and performed. 
 AGREEMENT 
 NOW, THEREFORE, in consideration of the premises, agreements
and covenants set forth herein and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Company, the Guarantors and the Trustee hereby agree, for the benefit of the others and for the equal and
ratable benefit of the Holders of the Senior Floating Rate Notes, as follows: 
 ARTICLE ONE 

AMENDMENTS TO INDENTURE AND SENIOR FLOATING RATE NOTES 
 Section 1.01. Amendments to Certain Provisions in Article 3 of the Indenture. 
 (1) The last sentence of Section 3.03(a) of the Indenture is amended and restated in its entirety as follows: 
 “Notice of redemption must be sent by the Company or at the Company’s request, by the Trustee in the name and at the expense of the Company, to Holders whose Notes are to be redeemed at least
three days but not more than 60 days before the redemption date.” 
 (2) Section 3.04 of the Indenture shall be deleted
in its entirety. 
 Section 1.02. Amendments to Certain Provisions in Article 4. 

(1) The following Sections and clauses of the Indenture shall be deleted in their entirety: 

Section 4.04 (Payment of Obligations) 
 Section 4.05 (Maintenance of Properties and Insurance) 
 Section 4.06
(Limitation on Indebtedness and Disqualified Stock) 
 Section 4.07 (Limitation on Restricted Payments) 

Section 4.08 (Limitation on Liens) 
 Section 4.09 (Limitation on Sale and Leaseback Transactions) 

Section 4.10 (Limitation on Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries) 

Section 4.12 (Guaranties by Restricted Subsidiaries) 
 Section 4.13 (Repurchase of Notes Upon a Change of Control) 

  
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 Section 4.14 (Limitation on Asset Sales) 

Section 4.15 (Limitation on Transactions with Shareholders and Affiliates) 

Section 4.16 (Line of Business) 
 Section 4.18 (Designation of Restricted and Unrestricted Subsidiaries) 

Section 4.21(b) (Reports to Trustee) 
 (2) Sections 4.20(a), 4.20(b), 4.20(c) and 4.20(d) of the Indenture shall each be deleted in its entirety. 
 Section 1.03. Amendments to Certain Provisions in Article 5 of the Indenture. 
 (1) Clauses (2), (3) and (5) of Section 5.01(a) of the Indenture shall be deleted in their entirety. 
 (2) Clause (2) of Section 5.02(a) of the Indenture shall be deleted in its entirety. 
 Section 1.04. Amendments to Certain Provisions in Article 6 of the Indenture. 
 (1) Clauses (3), (5) and (6) of Section 6.01 of the Indenture shall be deleted in their entirety. 
 Section 1.05. Amendments to Certain Provisions in Article 8 of the Indenture. 
 (1) The first sentence of Section 8.03 of the Indenture is amended by deleting the phrase beginning with “the Company’s obligations” and ending with “Section 5.01(a), and”.

 Section 1.06. Amendments to Certain Provisions in Article 9 of the Indenture. 

(1) Section 9.06 of the Indenture shall be deleted in its entirety. 

Section 1.07. Amendments to Exhibit A-2 and Senior Floating Rate Notes. 

(1) The form of Senior Floating Rate Note in Exhibit A-2 to the Indenture, and the Senior Floating Rate Notes, are each hereby amended to
delete any provisions inconsistent with the amendments to the Original Indenture effected by this Supplemental Indenture. 

ARTICLE TWO 

MISCELLANEOUS PROVISIONS 
 Section 2.01. Definitions. 
 For all purposes of this Supplemental
Indenture, capitalized terms used herein and not otherwise defined herein are shall have the meanings ascribed to them in the Original Indenture. 

  
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 Section 2.02. Indenture. 

Except as amended hereby, the Indenture and the Senior Floating Rate Notes are in all respects ratified and confirmed and all the terms
shall remain in full force and effect. This Supplemental Indenture shall form a part of the Indenture for all purposes, and every Holder of Senior Floating Rate Notes heretofore or hereafter authenticated and delivered under the Indenture shall be
bound hereby and all terms and conditions of both shall be read together as though they constitute a single instrument, except that in the case of conflict the provisions of this Supplemental Indenture shall control. 

Section 2.03. Governing Law. 
 This Supplemental Indenture shall be governed by, and construed in accordance with, the laws of the State of New York. 
 Section 2.04. Successors. 
 All agreements of the Company or any
Guarantor in this Supplemental Indenture and the Senior Floating Rate Notes will bind its successors. All agreements of the Trustee in this Supplemental Indenture will bind its successor. 

Section 2.05. Duplicate Originals. 
 The parties may sign any number of copies of this Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement. 

Section 2.06. Separability. 
 In case any provision in this Supplemental Indenture or in the Senior Floating Rate Notes is invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions will
not in any way be affected or impaired thereby. 
 Section 2.07. Trustee Disclaimer. 

The Trustee accepts the amendments of the Indenture effected by this Supplemental Indenture and agrees to execute the trust created by
the Indenture as hereby amended, but on the terms and conditions set forth in the Indenture, including the terms and provisions defining and limiting the liabilities and responsibilities of the Trustee, which terms and provisions shall in like
manner define and limit its liabilities and responsibilities in the performance of the trust created by the Indenture as hereby amended, and without limiting the generality of the foregoing, the Trustee shall not be responsible in any manner
whatsoever for or with respect to any of the recitals or statements contained herein, all of which recitals or statements are made solely by the Company and the Guarantors, and the Trustee makes no representation with respect to any such matters.
Additionally, the Trustee makes no representations as to the validity or sufficiency of this Supplemental Indenture. 

Section 2.08. Effectiveness. 
 The provisions of this Supplemental Indenture shall be effective only upon execution and delivery of this instrument by the parties hereto. Notwithstanding the foregoing sentence, the provisions of this
Supplemental Indenture shall become operative only upon the purchase by the Company of a majority in aggregate principal amount of the outstanding Senior Floating Rate 

  
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Notes pursuant to the Tender Offer, with the result that the amendments to the Indenture effected by this Supplemental Indenture shall be deemed to be revoked retroactive to the date hereof if
such purchase shall not occur. The Company shall notify the Trustee promptly after the occurrence of such purchase or promptly after the Company shall determine that such purchase will not occur. 

Section 2.09. Endorsement and Change of Form of Senior Floating Rate Notes. 

Any Senior Floating Rate Notes authenticated and delivered after the close of business on the date that this Supplemental Indenture
becomes operative in substitution for Senior Floating Rate Notes then outstanding and all Senior Floating Rate Notes presented or delivered to the Trustee on and after that date for such purpose shall be stamped, imprinted or otherwise legended by
the Company, with a notation as follows: 
 “Effective as of August 20, 2012, the Company is required to give to the Holders only three
days’ prior notice of any redemption of the Senior Floating Notes and certain restrictive covenants of the Company and certain Events of Default have been eliminated or limited, each as provided in the Supplemental Indenture, dated as of
August 20, 2012. Reference is hereby made to said Supplemental Indenture, copies of which are on file with the Trustee, for a description of the amendments made therein.” 

Section 2.10. Effect of Headings. 
 References herein to a Section or Article of the Indenture refer to the Section or Article of the Original Indenture, as amended to the date hereof. The Section headings herein are for convenience of
reference only, are not to be considered a part of this Supplemental Indenture and in no way modify or restrict any of the terms and provisions of this Supplemental Indenture. 
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 SIGNATURES 
 IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly executed as of the date first written above. 

 

			
	 SANDRIDGE ENERGY, INC.,
 as Issuer

		
	By:	 	/s/ James D. Bennett
		 	Name: James D. Bennett
		 	 Title:   Executive Vice President and
             Chief Financial Officer

		 	
	 BANDON OIL AND GAS GP, LLC,
 BANDON OIL AND GAS, LP,
 DBH, LLC,

DYNAMIC OFFSHORE RESOURCES, LLC,

DYNAMIC OFFSHORE RESOURCES

    NS ACQUISITION, INC.,
 DYNAMIC OFFSHORE RESOURCES
     NS PARENT, INC.,

SANDRIDGE EXPLORATION AND

    PRODUCTION, LLC,

SANDRIDGE HOLDINGS, INC.,
 SANDRIDGE
OFFSHORE, LLC,
 SANDRIDGE ONSHORE, LLC,
 DYNAMIC OFFSHORE RESOURCES NS, LLC,
 INTEGRA ENERGY, L.L.C.,

LARIAT SERVICES, INC.,
 SANDRIDGE
MIDSTREAM, INC.,
 SANDRIDGE OPERATING COMPANY 
 and
 SPN RESOURCES, LLC
 as Guarantors



  

			
		
	By:	 	/s/ James D. Bennett
		 	Name: James D. Bennett
		 	 Title:   Executive Vice President and
             Chief Financial Officer











			
	 WELLS FARGO BANK, NATIONAL
     ASSOCIATION,
 as Trustee

		
	By:	 	/s/ John C. Stohlmann
		 	Name: John C. Stohlmann
		 	Title:   Vice President