Subject: File No. S7-12-10
Affiliation: retired

April 22, 2014

I would request a date at which subordination ends and the
shareholder will receive an amount equal to that of the of the shares held by Sandridge. It was mentioned in your write-up that the subordinated amount could/would change each quarter. Therefore, I would like to have emailed to me the amount that is guaranteed each quarter and when the subordinated protection ends.

Thank You,
Daniel J. James