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Exhibit 10.11  

 
 

FORM OF SECURITIES ASSIGNMENT AGREEMENT    
    

        This Securities Assignment Agreement (this "Assignment"), dated as
of              , 2007, is made and entered
into by and among HH-HACI, L.P., a Delaware limited partnership (the "Seller") and the parties identified on the signature page hereto (each
a "Buyer" and collectively, the "Buyers"). 

        WHEREAS, on the terms and subject to the conditions set forth in this Assignment, the Seller wishes to assign (i) an aggregate of
230,000 shares of common stock ("Common Stock") of the Hick Acquisition Company I, Inc. (the
"Company") (the "Shares") and (ii) an aggregate of 230,000 warrants, each warrant entitling the
holders thereof to purchase one share of Common Stock (the "Warrants" and together with the Shares, the
"Securities"), to the Buyers and the Buyers wish to purchase the Securities from the Seller. 

        NOW, THEREFORE, in consideration of the premises, representations, warranties and the
mutual covenants contained in this Assignment, and for other good and valuable consideration, the receipt, sufficiency and adequacy of which are hereby acknowledged, the parties hereto, intending to
be legally bound, hereby agree as follows: 

        Section 1    Assignment of Securities.    Seller hereby assigns
the Securities to the Buyers, with each Buyer receiving 57,500 shares of Common Stock and 57,500 Warrants. The Buyers have paid to the Seller an aggregate amount of Five Hundred and Seventy Five
Dollars ($575) (the "Purchase Price"), in consideration of the assignment. Within a reasonable time after the date hereof, (i) the Seller shall
deliver to the Company for cancellation the securities representing the Common Stock and Warrants held by the Seller, (ii) the Company shall re-issue to the Seller certificates
representing the Common Stock and Warrants held by the Seller after giving effect to the sale of the Securities to the Buyers and (iii) the Company shall issue and deliver to the Buyers
certificates representing the Securities purchased by the Buyers. 

        Section 2    No Conflicts.    Each party represents and
warrants that neither the execution and delivery of this Assignment by such, nor the consummation or performance by such party of any of transactions contemplated hereby, will with or without notice
or lapse of time, constitute, create or result in a breach or violation of, default under, loss of benefit or right under or acceleration of performance of any obligation required under any agreement
to which it is a party. 

        Section 3    Investment Representations.    Each Buyer
represents and warrants, with respect to himself only, as follows: Such Buyer hereby acknowledges that an investment in the Securities involves certain significant risks. Such Buyer has no need for
liquidity in its investment in the Securities for the foreseeable future and is able to bear the risk of that investment for an indefinite period. Such Buyer acknowledges and hereby agrees that the
Securities will not be transferable under any circumstances unless the Buyer either registers the Securities in accordance with federal and state securities laws or finds and complies with an
exemption under such laws and such transfer complies with all applicable lock-up restrictions on such Buyer. Such Buyer further understands that any certificates evidencing the Securities
bear a legend referring to the foregoing transfer restrictions. The Securities are being acquired solely for such Buyer's own account, for investment purposes only, and are not being purchased with a
view to or for the resale, distribution, subdivision or fractionalization thereof; and such Buyer has no present plans to enter into any contract, undertaking, agreement or arrangement for such
resale, distribution, subdivision or fractionalization. Such Buyer has been given the opportunity to (i) ask questions of and receive answers from the Seller and the Company concerning the
terms and conditions of the Securities, and the business and financial condition of the Company and (ii) obtain any additional information that the Seller possesses or can acquire without
unreasonable effort or expense that is necessary to assist such Buyer in evaluating the advisability of the purchase of the Securities and an investment in the Company. Such Buyer is not relying on
any oral representation made by any person as to the Company or its operations, financial condition or prospects. Such Buyer is an "accredited investor" as defined in Regulation D promulgated
by the Securities and Exchange Commission under the Securities Act of 1933. 

        Section 4    Miscellaneous.    This Assignment, together with
the certificates, documents, instruments and writings that are delivered pursuant hereto, constitutes the entire agreement and understanding of the parties hereto in respect of its subject matter.
This Assignment may be executed in two or more counterparts, each of which will be deemed an original but all of which together will constitute one and the same instrument. This Assignment may not be
amended, modified or waived as to any particular provision, except by a written instrument executed by all parties hereto. Except as otherwise provided herein, no party hereto may assign either this
Assignment or any of its rights, interests, or obligations hereunder without the prior written approval of the other party. 

IN WITNESS WHEREOF, the undersigned have executed this Assignment to be effective as of the date first set forth above. 

	 	 	HH-HACI, L.P.
	

 	
 	

By:	

  

	 	 	Name:	  

	 	 	Title:	  

	

 	
 	

  
 William H. Cunningham
	

 	
 	

  
 William A. Montgomery
	

 	
 	

  
 Brian Mulroney
	

 	
 	

  
 William F. Quinn

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FORM OF SECURITIES ASSIGNMENT AGREEMENTExhibit 10.1

ASSIGNMENT AGREEMENT

THIS AGREEMENT effective as of the 7th day of August, 2007.

BETWEEN:

POWER ENERGY ENTERPRISES SA, having a business address at PO Box 146, Road Town, Tortola, British Virgin Islands

(the “Assignor”)

AND:

LUSORA HEALTHCARE SYSTEMS INC., having a place of business at 2802 Flintrock Trace, Suite 221, Austin, Texas 78738

(the “Assignee”)

WHEREAS:

A.           The Assignor entered into a memorandum of intent (the “Memorandum”) dated July 19, 2007, with Coastal Petroleum Company, pursuant to which the Assignor agreed to enter into a formal farmout agreement with Coastal Petroleum Company; and

B.           The Assignor wishes to assign, and the Assignee wishes to assume, all of the Assignor’s right, title, interest and obligation in the Memorandum based on the terms and conditions set out herein;

THEREFORE in consideration of the premises and other good and valuable consideration, receipt and sufficiency of which is hereby acknowledged by each of the parties hereto, the parties agree as follows:

1.            Assignment.  The Assignor hereby assigns, and the Assignee hereby assumes, any and all right, title, interest and obligation in the Memorandum and the Assignee further agrees to be bound by the terms and conditions of the Memorandum as if it were an original signatory thereto (the “Assignment”).

2.            Consideration.  In consideration for the Assignment, the Assignee agrees to issue to the Assignor 1,000,000 common shares of the Assignee. The shares will be legended and restricted pursuant to Rule 144 promulgated under US securities laws. The Assignor confirms that it is not a US resident and is not beneficially owned by a US resident. 

3.            Effect of Assignment.  Except as modified by this Agreement, the parties hereto acknowledge that the Memorandum remains in full force and effect.

 

 

 

 

	
            4.
 	
            Representations of Assignor.  The Assignor hereby represents and covenants that:
 

	
             
  	
            (a)
 	
            to the best knowledge of the Assignor, there is no claim, charge, arbitration, grievance, action, suit, investigation or proceeding by or before any court, arbiter, administrative agency or other governmental authority now pending or threatened in connection with the Memorandum or against the Assignor as party to the Memorandum; and
 

	
             
  	
            (b)
 	
            neither the execution, delivery and performance of this Agreement, nor the consummation of the Assignment will conflict with, result in a violation of, cause a default under (with or without notice, lapse of time or both) or give rise to a right of termination, amendment, cancellation or acceleration of any material obligation contained in or the loss of any material benefit under, or result in the creation of any material lien, claim, security interest, charge or encumbrance of any material benefit under, the Memorandum.
 

5.            Entire Agreement.  This Agreement constitutes the whole agreement between the parties in respect of the Assignment contemplated hereby and there are no warranties, representations, terms, conditions, or collateral agreements expressed or implied, statutory or otherwise, other then expressly set forth in this Agreement.

6.            All Further Acts.  Each of the parties hereto will do any and all such acts and will execute any and all such documents as may reasonably be necessary from time to time to give full force and effect to the provisions and intent of this Agreement.

7.            Jurisdiction.  This Agreement will be governed by, and construed in accordance with, the laws of the State of Nevada without regards to the choice of law principles thereof.  Each of the parties hereto irrevocably submits to the exclusive jurisdiction of the Courts of the State of Nevada for the purpose of any suit, action, proceeding or judgment relating to or arising out of this Agreement and the transactions contemplated hereby.

8.            Headings.  The headings contained in this Agreement are for convenience purposes only and will not affect in any way the meaning or interpretation of this Agreement.

9.            Successors and Assigns.  This Agreement will enure to the benefit of, and be binding upon, the Assignor and the Assignee and their respective successors and assigns.

10.          Notice.  Any notice under this Agreement shall be given in writing and be sent by fax or may be delivered or mailed by prepaid post addressed to the party to which notice is to be given at the address indicated above, or at another address designated by that party in writing.

	
             
  	
            (a)
 	
            If notice is sent by fax, or is delivered, it will be deemed to have been given at the time of transmission or delivery.
 

	
             
  	
            (b)
 	
            If notice is mailed, it will be deemed to have been received 48 hours following the date of mailing of the notice.
 

 

 

 

 

	
             
  	
            (c)
 	
            If there is an interruption in the normal mail service due to strike, labour unrest or other cause at or before the time a notice is mailed, the notice will be sent by fax or will be delivered.
 

11.          Amendment.  This Agreement may be amended, waived, discharged or terminated only by instrument in writing signed by the party against whom enforcement of the amendment, waiver, discharge or termination is sought.

12.          Counterparts and Electronic Means.  This Agreement may be executed in several counterparts, each of which will be deemed to be an original and all of which will together constitute one and the same instrument.  Delivery of an executed copy of this Agreement by electronic facsimile transmission or other means of electronic communication capable of producing a printed copy will be deemed to be execution and delivery of this Agreement as of the day and year first written above.

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

POWER ENERGY ENTERPRISES SA, as Assignor

 

 

	
            Per:
 	
            “Roger Knox”
 	
             

	
             
 	
            Name:  Roger Knox
 
	
             
 	
            Title:  
 	
             

					

 

LUSORA HEALTHCARE SYSTEMS INC., as Assignee

 

 

	
            Per:
 	
            “Dan Bauer”
 	
             

	
             
 	
            Name:  Dan Bauer
 	
             

	
             
 	
            Title:  President and CEO
 
				

 

THE ABOVE ASSIGNMENT ACKNOWLEDGED and CONSENTED to by:

COASTAL PETROLEUM COMPANY

 

 

	
            Per:
 	
            “Robert J. Angerer Sr.”
 	
             

	
             
 	
            Name:  Robert J. Angerer Sr.
 
	
             
 	
            Title:  
 	
            Vice President

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