CANO PETROLEUM, INC. STOCK OPTION AGREEMENTStock Option Agreement • December 16th, 2004 • Cano Petroleum, Inc • Non-operating establishments • Delaware
Cano Petroleum, Inc., a Delaware corporation whose address is 309 West Seventh Street, Suite 1600, Fort Worth, Texas 76102 (the “Company”), hereby grants Gerald W. Haddock (collectively with any registered assigns, the “Holder”) an Option (the “Option”)to acquire from the Company an aggregate of Fifty Thousand (50,000) shares (the “Option Shares”) of the common stock, par value $0.0001 per share of the Company (“Common Stock”) at any time during the Option Period (defined below).
