0001104659-05-053972 Sample Contracts

COMPENSATION REIMBURSEMENT AGREEMENT
Compensation Reimbursement Agreement • November 9th, 2005 • Cano Petroleum, Inc • Crude petroleum & natural gas • Texas

This Compensation Reimbursement Agreement (this “Agreement”) is made as of the 31st day of October, 2005, but is effective as of the Transaction Closing Date (as defined hereinbelow) by and between Sabine Production Operating, LLC, a Texas limited liability company (“Sabine”), and Cano Petroleum, Inc., a Delaware corporation (“Cano”).

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OMNIBUS AGREEMENT
Omnibus Agreement • November 9th, 2005 • Cano Petroleum, Inc • Crude petroleum & natural gas • Texas

This Omnibus Agreement (this “Agreement”) is entered into as of October 31, 2005, to be effective as of the Transaction Closing Date, by and among Cano Petroleum, Inc., a Delaware corporation (“Cano”), Carlile Management, LLC, a Texas limited liability company (“Carlile”), and Haddock Enterprises, LLC, a Texas limited liability company (“Haddock”), as members (each a “Member” and collectively the “Members”), and Sabine Production Partners, LP (the “Company”).

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