ITEM 1.01. Entry Into a Material Definitive Agreement.

On March 30, 2021, SandRidge Permian Trust (the "Trust") and Avalon Energy, LLC ("Avalon") entered into an amendment, dated as of February 26, 2021 (the "Amendment"), to the Administrative Services Agreement dated as of April 1, 2011 between the Trust and SandRidge Energy, Inc. (the "ASA") to revise the events that would cause the termination of the ASA, thereby permitting the Trust to continue to receive services from Avalon (as the assignee of SandRidge Energy, Inc.) as are necessary to fulfill the purposes of the Trust until the Trust is finally liquidated and wound up in accordance with the terms of the amended and restated trust agreement governing the Trust.

The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Amendment, which is filed as an exhibit to this Current Report on Form 8-K.

ITEM 9.01. Financial Statements and Exhibits.






 (d) Exhibits.




   10.1     Amendment No. 1 to Administrative Services Agreement dated as of
          February 26, 2021 between Avalon Energy, LLC and SandRidge Permian
          Trust.

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