0001104659-06-039982 Sample Contracts

SECOND AMENDMENT TO EMPLOYMENT AGREEMENT
Employment Agreement • June 6th, 2006 • Cano Petroleum, Inc • Crude petroleum & natural gas

THIS SECOND AMENDMENT TO EMPLOYMENT AGREEMENT (“Amendment”) is made and entered into by and between Cano Petroleum Inc., (formerly Huron Ventures, Inc.) a Delaware corporation with its principal executive offices in Fort Worth, Texas (the “Company”), and Michael J. Ricketts, an individual currently residing in Tarrant County, Texas (“Employee”), effective as of the 1st day of June, 2006 (the “Amendment Effective Date”). Capitalized terms not otherwise defined herein shall have the meaning ascribed to them in the below described Agreement.

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FIRST AMENDMENT TO EMPLOYMENT AGREEMENT
Employment Agreement • June 6th, 2006 • Cano Petroleum, Inc • Crude petroleum & natural gas

THIS FIRST AMENDMENT TO EMPLOYMENT AGREEMENT (“Amendment”) 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 John Lacik, an individual currently residing in Fort Worth, Texas (“Employee”), effective as of the 1st day of May 2005 (the “Effective Date”).

SECOND AMENDMENT TO EMPLOYMENT AGREEMENT
Employment Agreement • June 6th, 2006 • Cano Petroleum, Inc • Crude petroleum & natural gas

THIS SECOND AMENDMENT TO EMPLOYMENT AGREEMENT (“Amendment”) 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 John Lacik, an individual currently residing in Weatherford, Texas (“Employee”), effective as of the 1st day of June 2006 (the “Amendment Effective Date”).

EMPLOYMENT AGREEMENT
Employment Agreement • June 6th, 2006 • Cano Petroleum, Inc • Crude petroleum & natural gas • 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 John Lacik, an individual currently residing in Fort Worth, Texas (“Employee”), this 1st day of May 2005 (the “Effective Date”).

SECOND AMENDMENT TO EMPLOYMENT AGREEMENT
Employment Agreement • June 6th, 2006 • Cano Petroleum, Inc • Crude petroleum & natural gas

THIS SECOND AMENDMENT TO EMPLOYMENT AGREEMENT (this “Amendment”) 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,” collectively, the “Parties”), effective as of the 1st day of June, 2006 (the “Amendment Effective Date”).

EMPLOYMENT AGREEMENT
Employment Agreement • June 6th, 2006 • Cano Petroleum, Inc • Crude petroleum & natural gas • 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 Morris B. Smith, an individual currently residing in Parker County, Texas (“Senior Vice President”), as of the 1st day of June, 2006 (the “Effective Date”). The Company and Senior Vice President may sometimes be referred to herein individually as “Party” and collectively as “Parties.”

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