Common Contracts

2 similar Nonqualified Stock Option Agreement contracts by Cano Petroleum, Inc

FIRST AMENDMENT TO THE CANO PETROLEUM, INC. NONQUALIFIED STOCK OPTION AGREEMENT
Nonqualified Stock Option Agreement • September 11th, 2007 • Cano Petroleum, Inc • Crude petroleum & natural gas

This FIRST AMENDMENT (the "Amendment") to the Nonqualified Stock Option Agreement (the "Agreement") dated December 28, 2006, is hereby made and entered as of the 28th day of June, 2007 by and between Cano Petroleum, Inc., a Delaware corporation (the "Company") and James Dale Underwood (the "Participant"). Terms used in this Amendment with initial capital letters that are not otherwise defined herein shall have the meanings ascribed to such terms in the Agreement.

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FIRST AMENDMENT TO THE CANO PETROLEUM, INC. NONQUALIFIED STOCK OPTION AGREEMENT
Nonqualified Stock Option Agreement • September 11th, 2007 • Cano Petroleum, Inc • Crude petroleum & natural gas

This FIRST AMENDMENT (the "Amendment") to the Nonqualified Stock Option Agreement (the "Agreement") dated December 13, 2005, is hereby made and entered as of the 28th day of June, 2007 by and between Cano Petroleum, Inc., a Delaware corporation (the "Company") and James Dale Underwood (the "Participant"). Terms used in this Amendment with initial capital letters that are not otherwise defined herein shall have the meanings ascribed to such terms in the Agreement.

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