Document:

Exhibit 10.4

 

Amendment
to Executive Officer Incentive Plan

 

WHEREAS, Staples, Inc. (“Staples”) heretofore adopted
the Staples, Inc. Executive Officer Incentive Plan (the “Incentive Plan”);
and

 

WHEREAS, Staples reserved the right to amend the Incentive
Plan; and

 

WHEREAS, Staples desires to amend the Incentive Plan to
reflect Staples’ recoupment policy.

 

NOW, THEREFORE, the Incentive Plan is hereby amended,
effective January 1, 2010, as follows:

 

A new Section VII.
shall be added to the Incentive Plan:

 

VII.         Forfeiture
and Recovery for Misconduct

 

A.            Right
of Recovery

 

Notwithstanding any other provision of this Incentive Plan to the
contrary, if the Board of Directors of Staples (or its authorized designee, the
“Board”) determines during the Recovery Period (as defined below) that a Plan
Participant has engaged in Misconduct (as defined below), the Board, subject to
the limitations set forth in this Section VII., may in its sole discretion
(1) terminate such Plan Participant’s participation in the Incentive Plan,
or with respect to any award under the Incentive Plan, and treat any
outstanding award as forfeited, (2) require forfeiture, in whole or in
part, of payment of any award that has been previously approved for payment
under this Incentive Plan which remains in whole or in part unpaid, and/or (3) demand
that the Plan Participant pay to Staples in cash the amount described in Section VII.B.;
provided, however, that in the event the Board determines during the Recovery
Period that the Plan Participant engaged in Misconduct as described in clause (D) of
the definition of Misconduct) (“Restatement Misconduct”), the Board shall in
all circumstances, in addition to any other recovery action taken, require
forfeiture and demand repayment pursuant hereto.

 

“Recovery Period” means (1) if the Misconduct relates to
Restatement Misconduct, or the Misconduct consists of acts or omissions
relating to Staples’ financial matters that in the discretion of the Board are
reasonably unlikely to be discovered prior to the end of the fiscal year in
which the Misconduct occurred and the completion of the outside audit of
Staples’ annual financial statements, the period during which the Plan
Participant is employed by Staples and the period ending 18 months after the
Plan Participant’s last day of employment; (2) if the Misconduct relates 

 

 

to
the breach of any agreement between the Plan Participant and Staples, the term
of the agreement and the period ending six months following the expiration of
the agreement, and (3) in all other cases, the period during which the
Plan Participant is employed by Staples and the period ending six months after
the Plan Participant’s last day of employment. 
If during the Recovery Period the Board gives written notice to the Plan
Participant of potential Misconduct, the Recovery Period shall be extended for
such reasonable time as the Board may specify is appropriate for it to make a
final determination of Misconduct and seek enforcement of any of its remedies
described above.  Staples’ rights pursuant
to this Section VII. shall terminate on the effective date of a Change in
Control (as defined in the Staples, Inc. 2010 Long-Term Cash Incentive
Plan) and no Recovery Period shall extend beyond that date except with respect
to any Plan Participant for which the Board prior to such Change in Control
gave written notice to such Plan Participant of potential Misconduct.

 

For purposes of administratively enforcing its rights under this Section VII.,
during any period for which potential Misconduct has been identified by
Staples, the Board may (1) suspend such Plan Participant’s participation
in the Incentive Plan, or with respect to any award under the Incentive Plan,
or (2) temporarily withhold, in whole or in part, payment of any award
that has been previously approved by the Board for payment under this Incentive
Plan which remains in whole or in part unpaid.

 

B.            Amount
of Recovery

 

With respect to Misconduct described in clause (A) of the
definition of Misconduct (breach of agreement) and clause (B) of such
definition (violation of Code of Ethics), and in addition to its right to
effect a termination of participation and a forfeiture of outstanding awards
under this Incentive Plan, the Board may recover from the Plan Participant the
amount of any payments made to the Plan Participant under this Incentive Plan
during the last 12 months of employment with Staples.

 

With respect to Misconduct described in clause (C) of the
definition of Misconduct (intentional deceitful acts), and in addition to its
right to effect a termination of participation and a forfeiture of outstanding
awards under this Incentive Plan, the Board may recover from the Plan
Participant the greater of (1) the amount paid to the Plan Participant
with respect to any award made under this Incentive Plan with a fiscal year
that includes any period during which the Misconduct occurred, or with a fiscal
year which was directly impacted by the Misconduct, or (2) the amount
determined by the Board in its sole discretion to represent the financial 

 

 

impact
of the Misconduct upon Staples; provided, however, that such recovery amount
shall be reduced by the value of any forfeited outstanding awards under this
Incentive Plan (value to be determined by the Target Award for such awards) and
any amounts recovered from the Plan Participant under Staples’ cash bonus plans
and other short term or long term incentive plans as a result of such
Misconduct.

 

With respect to Restatement Misconduct, and in addition to its right to
effect a termination of participation and a forfeiture of outstanding awards
under this Incentive Plan, the Board shall seek to recover the entire amount
paid to the Plan Participant with respect to any award made under this
Incentive Plan in the twenty-four (24) month period following the first public
issuance of the financial statements that are the subject of an accounting
restatement relating to the Misconduct.

 

The term “recover” or “recovered” shall include, but shall not be
limited to, any right of set-off, reduction, recoupment, off-set, forfeiture,
or other attempt by Staples to withhold or claim payment of an award or any
proceeds thereof.  Staples’ right of
forfeiture and recovery of awards shall not limit any other right or remedy
available to Staples for a Plan Participant’s Misconduct, whether in law or
equity, including but not limited to injunctive relief, terminating the Plan
Participant’s employment with Staples, or taking other legal action against the
Plan Participant.

 

The amount that may be recovered under this Section VII. shall be
determined on a gross basis without reduction for taxes paid or payable by a
Plan Participant.

 

C.            Definition
of Misconduct

 

“Misconduct,” as determined by Staples (which determination shall be
conclusive), shall mean:

 

(A)          Breach by the Plan Participant of any provision of
any employment, consulting, advisory, proprietary information, non-disclosure,
non-competition, non-solicitation or other similar agreement between the Plan
Participant and Staples, including, without limitation, the Proprietary and
Confidential Information Agreement and/or the Non-Compete and Non-Solicitation
Agreement; or

 

(B)           Violation by the Plan Participant of the Code of
Ethics; or

 

 

(C)           The Plan Participant’s engagement in intentional
deceitful act(s) that results in (i) an improper personal benefit, or
(ii) injury to Staples; or

 

(D)          The Plan Participant’s engagement in fraud or
willful misconduct (not acting in good faith or with reasonable belief that
conduct was in the best interests of Staples) that significantly contributes to
Staples preparing a material financial restatement, other than a restatement of
financial statements that became materially inaccurate because of revisions to
generally accepted accounting principles.

 

For purposes of this Section VII. regarding forfeiture and
recovery for Misconduct, any reference therein to Staples (other than with
respect to defining the Board of Directors) shall also include any entity that
Staples directly or indirectly controls.

 

Except as hereinabove amended, the provisions of the
Incentive Plan shall continue in full force and effect.

 

IN WITNESS WHEREOF, the Employer, by its duly
authorized officer, has caused this Amendment to be executed on the 18th day of May, 2010.

 

 

	
   

  	
  STAPLES,
  INC.

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Shira D. GoodmanExhibit 10.1

 

AMENDMENT NO. 4

 

TO

 

AGREEMENT AND PLAN OF MERGER

 

THIS AMENDMENT NO. 4 TO
AGREEMENT AND PLAN OF MERGER (this “Amendment”)
is made and entered into this 19th day of May, 2010 by and among Resaca
Exploitation, Inc., a Texas corporation (“Parent”),
Resaca Acquisition Sub, Inc., a Delaware corporation and a wholly-owned
subsidiary of Parent (“Merger Sub”),
and Cano Petroleum, Inc., a Delaware corporation (“Target”).

 

W I T N E S S E T H
:

 

WHEREAS, Parent, Merger Sub
and Target are parties to that certain Agreement and Plan of Merger dated September 29,
2009, that certain Amendment No. 1 to Agreement and Plan of Merger dated February 24,
2010, that certain Amendment No. 2 to Agreement and Plan of Merger dated April 1,
2010 and that certain Amendment No. 3 to Agreement and Plan of Merger
dated April 28, 2010 (as amended, the “Merger
Agreement”);

 

WHEREAS, Parent and Target
desire to further amend the Merger Agreement to modify the method pursuant to
which Parent and Target solicit proxies relating to obtaining the necessary
approvals of the agenda items to be voted upon at the Target Meeting and the
Parent Meeting; and

 

WHEREAS, pursuant to Section 11.12
of the Merger Agreement, the Merger Agreement may be amended if made in writing
by Parent and Target.

 

NOW, THEREFORE, in
consideration of the premises, the mutual covenants and agreements contained
herein and other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the parties hereto agree as follows:

 

Section 1.               Certain Definitions.  Terms used in this
Amendment and not otherwise defined herein shall have the meanings set forth in
the Merger Agreement.  All references to
the “Agreement” in the Merger Agreement shall be deemed to refer to the Merger
Agreement, as amended by this Amendment.

 

Section 2.               Amendment and Restatement of Section 4.20.  Section 4.20
of the Merger Agreement is hereby amended and restated in its entirety to read
as follows:

 

“                         4.20              Proxy/Prospectus; Registration
Statement.  None of the information to be supplied by Target for
inclusion in (a) the proxy statement relating to the Target Meeting (as
defined below) (also constituting the prospectus in respect of Parent Common
Shares into which Target Common Shares will be converted) (the “Proxy/Prospectus”) to be
filed by Target and Parent with the SEC, and any amendments or supplements
thereto, (b) the proxy statement or comparable document relating to the
Parent Meeting (as defined below) (the “Parent
Proxy”) to be mailed by Parent to its shareholders and its Nomad
(as defined below), and any amendments or supplements

 

 

thereto,
or (c) the Registration Statement on Form S-4 (the “Registration Statement”) to
be filed by Parent with the SEC in connection with the Merger, and any
amendments or supplements thereto, will, at the respective times such documents
are filed, and, in the case of the Proxy/Prospectus and the Parent Proxy, at
the time such documents or any amendment or supplement thereto is first mailed
to the Target and Parent stockholders, at the time of the Target Meeting and
the Parent Meeting and at the Effective Time, and, in the case of the
Registration Statement, when it becomes effective under the Securities Act,
contain any untrue statement of a material fact or omit to state any material
fact required to be made therein or necessary in order to make the statements
made therein, in light of the circumstances under which they were made, not
misleading.”

 

Section 3.               Amendment and Restatement of Section 5.20.  Section 5.20
of the Merger Agreement is hereby amended and restated in its entirety to read
as follows:

 

“              5.20         Proxy/Prospectus; Registration Statement.  None of the information to be supplied by
Parent and, with respect to clause (d) only, its directors for inclusion
in (a) the Parent Proxy, (b) the Proxy/Prospectus to be filed by
Target and Parent with the SEC, and any amendments or supplements thereto, (c) the
Registration Statement to be filed by Parent with the SEC in connection with
the Merger, or (d) the Readmission Document to be compiled in accordance
with the AIM Rules, and any amendments or supplements thereto, will, at the
respective times such documents are filed, and, in the case of the Parent Proxy
and the Proxy/Prospectus, at the time such documents or any amendments or
supplements thereto are first mailed to the Target and Parent stockholders, at
the time of the Target Meeting and the Parent Meeting and at the Effective
Time, and, in the case of the Registration Statement, when it becomes effective
under the Securities Act, contain any untrue statement of a material fact or
omit to state any material fact required to be made therein or necessary in
order to make the statements made therein, in light of the circumstances under
which they were made, not misleading.”

 

Section 4.               Amendment and Restatement of Section 7.6(b).  Section 7.6(b) of
the Merger Agreement is hereby amended and restated in its entirety to read as
follows:

 

“                              (b)           “Expenses”
as used in this Agreement shall include all reasonable out-of-pocket expenses
incurred by a party or on its behalf in connection with or related to the
preparation, printing, filing and mailing of the Registration Statement, the
Proxy/Prospectus, the Parent Proxy, the solicitation of stockholder approvals
and requisite HSR filings (subject to reasonable documentation).  Expenses shall exclude all fees and expenses
of outside counsel, accountants, financing sources, investment bankers, experts
and consultants to any party hereto and its affiliates incurred by such party
or on its behalf in connection with or related to the due diligence,
authorization, preparation, negotiation, execution or performance of this
Agreement.”

 

Section 5.               Amendment and Restatement of Section 7.14(b).  Section 7.14(b) of
the Merger Agreement is hereby amended and restated in its entirety to read as
follows:

 

“                              (b)           Parent shall, as promptly as reasonably
practicable after the date hereof (i) take all steps reasonably necessary
to call, give notice of, convene and hold a

 

2

 

special
or annual meeting of its stockholders (the “Parent
Meeting”) for the purpose of securing the Parent Stockholders’
Approval, (ii) distribute to its stockholders the Parent Proxy in
accordance with applicable federal and state law and its Certificate of
Incorporation and Bylaws, which Parent Proxy shall contain the recommendation
of the Parent Board of Directors that its stockholders approve this Agreement, (iii) subject
to Section 7.3 and Article X, recommend approval of the
Merger and this Agreement through its board of directors, (iv) subject to Section 7.3
and Article X, use commercially reasonable efforts to solicit from
its stockholders proxies to secure the Parent Stockholders’ Approval, and (v) cooperate
and consult with Target with respect to each of the foregoing matters.”

 

Section 6.               Amendment and Restatement of Section 7.15(a).  Section 7.15(a) of
the Merger Agreement is hereby amended and restated in its entirety to read as
follows:

 

“                              (a)           Parent and Target shall promptly (i) prepare
and file with the SEC a preliminary version of the Proxy/Prospectus and will
use commercially reasonable efforts to respond to the comments of the SEC in
connection therewith and to furnish all information required to prepare the
definitive Proxy/Prospectus, (ii) prepare and mail the Parent Proxy to the
Parent’s stockholders and will use commercially reasonable efforts to furnish
all information required to prepare such Parent Proxy and (iii) prepare
and publish an admission document in relation to Parent and Target (the “Readmission Document”), which shall
be compiled in accordance with the AIM Rules and Parent and Target shall
furnish all relevant information required to publish the Readmission Document,
procure the acceptance of responsibility of any director or proposed director
of Parent in connection with the Readmission Document, the engagement of any
competent person in accordance with the AIM Rules and the engagement of
any other adviser that may be required so that Parent may be approved and
re-admitted to the AIM.  At any time from
(and including) the initial filing with the SEC of the Proxy/Prospectus, Parent
shall file with the SEC the Registration Statement containing the
Proxy/Prospectus so long as Parent shall have provided to Target a copy of the
Registration Statement containing the Proxy/Prospectus at least ten (10) days
prior to any filing thereof and any supplement or amendment at least two (2) days
prior to any filing thereof.  Subject to
the foregoing sentence, Parent and Target shall jointly determine the date that
the Registration Statement is filed with the SEC and the date that Parent shall
be re-admitted to listing on AIM.  Parent
and Target shall use commercially reasonable efforts (i) to have the
Registration Statement declared effective under the Securities Act as promptly
as practicable after such filing and (ii) use commercially reasonable
efforts to achieve the intended date for re-admission to listing on AIM
including instructing Parent’s nominated adviser to file such necessary notices
with AIM as may be required to effect Parent’s listing on AIM.  Parent shall also take any action (other than
qualifying to do business in any jurisdiction in which it is not now so
qualified or filing a general consent to service of process in any
jurisdiction) required to be taken under any applicable state securities laws
or AIM Rules in connection with the issuance of Parent Common Shares in
the Merger and Target shall furnish all information concerning Target and the
holders of shares of Target capital stock as may be reasonably requested in
connection with any such action. 
Promptly after the completion of the Readmission Document but before the
effectiveness of the Registration Statement, Parent shall cause the Parent
Proxy and the

 

3

 

Readmission
Document to be mailed to its stockholders, and if necessary, after the Parent
Proxy and Readmission Document have been mailed, promptly circulate amended,
supplemented or supplemental proxy materials and, if required in connection
therewith, re-solicit proxies or written consents, as applicable.  Promptly after the effectiveness of the
Registration Statement and the completion of the Readmission Document, Target
shall cause the Proxy/Prospectus to be mailed to its stockholders, and if
necessary, after the definitive Proxy/Prospectus has been mailed, promptly
circulate amended, supplemented or supplemental proxy materials and, if
required in connection therewith, re-solicit proxies or written consents, as
applicable.  If at any time prior to the
Effective Time, the officers and directors of Parent or Target discover any
statement which, in light of the circumstances to which it is made, is false or
misleading with respect to a material fact or omits to state a material fact
necessary to make a statement made in the Parent Proxy, Proxy/Prospectus or the
Readmission Document not misleading, then such party shall immediately notify
the other party of such misstatements or omissions.  Parent shall advise Target and Target shall
advise Parent, as applicable, promptly after it receives notice thereof, of the
time when the Registration Statement becomes effective or any supplement or
amendment has been filed, the issuance of any stop order, the suspension of the
qualification of the Parent Common Shares for offering or sale in any
jurisdiction, or any request by the SEC for amendment of the Proxy/Prospectus
or the Registration Statement or comments thereon and responses thereto or
requests by the SEC for additional information.”

 

Section 7.               Ratification of the Merger Agreement.  The Merger
Agreement, as amended by this Amendment, is hereby ratified and confirmed in
all respects and shall remain in full force and effect.

 

Section 8.               Counterparts.  This Amendment may be executed in several
counterparts, each of which shall be an original and all of which shall
constitute the same instrument.

 

*  *  * 
*  *

 

[Signature Page Follows]

 

4

 

IN WITNESS WHEREOF, the
parties hereto have duly executed this Amendment as of the day and year first
above written.

 

	
   

  	
   

  	
  RESACA EXPLOITATION, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Chris Work

  
	
   

  	
   

  	
  Name:

  	
  Chris Work

  
	
   

  	
   

  	
  Title:

  	
  VP and CFO

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  RESACA ACQUISITION SUB, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Chris Work

  
	
   

  	
   

  	
  Name:

  	
  Chris Work

  
	
   

  	
   

  	
  Title:

  	
  VP and CFO

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  CANO PETROLEUM, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
  /s/ Ben Daitch

  
	
   

  	
   

  	
  Name:

  	
  Ben Daitch

  
	
   

  	
   

  	
  Title:

  	
  SVP and CFO

  

 

 

Amendment No. 4 to Agreement and Plan of Merger

Signature Page

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