0000950134-05-021831 Sample Contracts

SABINE PRODUCTION MANAGEMENT, LLC Option Agreement
Option Agreement • November 17th, 2005 • Sabine Production Partners LP • Crude petroleum & natural gas • Texas

This Option Agreement (this “Option Agreement”) dated May 31, 2005 (the “Effective Date”), by and between Sabine Production Management, LLC, a Texas limited liability company (“Grantor”) and Jack Ivan Tompkins (“Grantee”) relating to Common Units (“Common Units”) of Grantor.

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NONCOMPETITION AND CONFIDENTIALITY AGREEMENT
Noncompetition and Confidentiality Agreement • November 17th, 2005 • Sabine Production Partners LP • Crude petroleum & natural gas • Texas

THIS NONCOMPETITION AND CONFIDENTIALITY AGREEMENT (this “Agreement”) is entered into as of October 31, 2005, to be effective as of the Transaction Closing Date, by and between Dr. Kenneth Q. Carlile (hereinafter referred to as “Dr. Carlile”), and Sabine Production Partners, LP (the “Company”).

COMPENSATION REIMBURSEMENT AGREEMENT
Compensation Reimbursement Agreement • November 17th, 2005 • Sabine Production Partners LP • 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”).

OMNIBUS AGREEMENT
Omnibus Agreement • November 17th, 2005 • Sabine Production Partners LP • 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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