EMPLOYMENT AGREEMENTEmployment Agreement • August 17th, 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 Michael J. Ricketts, an individual currently residing in Tarrant County, Texas (“Vice President”), as of the 1st day of July, 2006 (the “Effective Date”). The Company and Vice President may sometimes be referred to herein individually as “Party” and collectively as “Parties.”
NONQUALIFIED STOCK OPTION AGREEMENT CANO PETROLEUM, INC. 2005 LONG-TERM INCENTIVE PLANNonqualified Stock Option Agreement • August 17th, 2006 • Cano Petroleum, Inc • Crude petroleum & natural gas • Texas
