0001104659-05-045294 Sample Contracts

CANO PETROLEUM INC. NONQUALIFIED STOCK OPTION AGREEMENT

Nonqualified Stock Option Agreement • September 22nd, 2005 • Cano Petroleum, Inc • Crude petroleum & natural gas • Texas

• Contract Type
  Nonqualified Stock Option Agreement
• Filed
  September 22nd, 2005
• Company
  Cano Petroleum, Inc
• Industry
  Crude petroleum & natural gas
• Jurisdiction
  Texas

EMPLOYMENT AGREEMENT

Employment Agreement • September 22nd, 2005 • Cano Petroleum, Inc • Crude petroleum & natural gas • Texas

• Contract Type
  Employment Agreement
• Filed
  September 22nd, 2005
• Company
  Cano Petroleum, Inc
• Industry
  Crude petroleum & natural gas
• Jurisdiction
  Texas

THIS EMPLOYMENT AGREEMENT (this “Agreement”) is made and entered into by and between Cano Petroleum Inc., a Delaware corporation with its principal executive offices in Fort Worth, Texas (the “Company”), and James K. Teringo, Jr., an individual currently residing in Dallas County, Texas (“Vice President”), as of the 11th day of July, 2005 (the “Effective Date”). Company and Vice President may sometimes be referred to herein individually as “Party” and collectively as “Parties.”