2008 Annual Incentive Plan Sample Contracts

FIRST AMENDMENT TO THE CANO PETROLEUM, INC.
2008 Annual Incentive Plan • February 9th, 2009 • Cano Petroleum, Inc • Crude petroleum & natural gas

This FIRST AMENDMENT (the “Amendment”) to the 2008 Annual Incentive Plan (the “Agreement”) dated February 15, 2008, is hereby made and entered as of the 20th day of October, 2008 by Cano Petroleum, Inc., a Delaware corporation (the “Company”). 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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