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EXHIBIT 10.101  

 
 

SUMMARY SHEET: 2007 AUDIT COMMITTEE CHAIRMAN COMPENSATION    

        On
June 28, 2007, Cano Petroleum, Inc. increased the annual compensation of the chairman of the Audit Committee for service as chairman of the Audit Committee to $10,000
annually effective July 1, 2007. 

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SUMMARY SHEET: 2007 AUDIT COMMITTEE CHAIRMAN COMPENSATIONEXHIBIT 10.102  

	SUMMARY SHEET:	 	SUMMARY OF ACCELERATION OF VESTING AND

EXTENSION OF EXERCISE PERIOD FOR RESIGNING

DIRECTORS

        On
June 28, 2007, Cano Petroleum, Inc. authorized for any non-employee members of the Board of Directors who elect to resign and are in good standing at the
time of such resignation that all unvested stock options will vest upon resignation and the exercise period for all stock options will be extended to twenty-four (24) months after
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EXHIBIT 10.103  

 
 

FIRST AMENDMENT TO THE
  CANO PETROLEUM, INC.
  NONQUALIFIED STOCK OPTION AGREEMENT    
    

        This FIRST AMENDMENT (the "Amendment") to the Nonqualified Stock Option Agreement (the
"Agreement") dated December 13, 2005, is hereby made and entered as of the 28th day of June, 2007 by and between Cano
Petroleum, Inc., a Delaware corporation (the "Company") and James Dale Underwood (the
"Participant"). 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. 

        WHEREAS, Section 24 of the Agreement provides that the parties to the Agreement may change or modify the Agreement in a writing
signed by the parties; and 

        WHEREAS, the parties desire to amend the Agreement's vesting provisions to reflect changes made by the Compensation Committee of Cano
Petroleum, Inc. and the Board of Directors, on June 28, 2007 and the Participant's resignation as a director in good standing from the Board of Directors on June 28, 2007. 

        NOW THEREFORE, pursuant to Section 24 of the Agreement, in consideration of the mutual promises, conditions and covenants contained
herein and in the Agreement, and other good and valuable consideration, the adequacy of which is hereby acknowledged, the parties agree as follows: 

	1.
	Sections
3 and 4 of the Agreement shall be amended in their entirety to read as follows:

	3.
	and
4. Vesting; Time of Exercise. 100% of the total Optioned Shares vested immediately upon the Participant's resignation and the Stock
Option is exercisable for an extended period of Twenty-Four (24) months from the date of resignation with the exercise period ending at 5 p.m. on June 28, 2009.

	2.
	Section 27.a.
of the Agreement shall be amended to read as follows:

	a.
	Notice
to the Company shall be addressed and delivered as follows: 

Cano
Petroleum, Inc.

Burnett Plaza

801 Cherry Street

Suite 3200, Unit 25

Fort Worth, TX 76102

Attn: Corporate Secretary 

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

	

 	
 	
CANO PETROLEUM, INC.
	

	
 	

By:	
 	

/s/  MORRIS B. SMITH      

	 	 	Name:	 	Morris B. Smith
	 	 	Title:	 	Senior Vice President and Chief Financial Officer
	

 	
 	

 	
 	

 
	

 	
 	

 PARTICIPANT
	

	
 	

By:	
 	

/s/  JAMES DALE UNDERWOOD      

	 	 	Name:	 	JAMES DALE UNDERWOOD

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FIRST AMENDMENT TO THE CANO PETROLEUM, INC. NONQUALIFIED STOCK OPTION AGREEMENTQuickLinks
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EXHIBIT 10.104  

 
 

FIRST AMENDMENT TO THE
  CANO PETROLEUM, INC.
  NONQUALIFIED STOCK OPTION AGREEMENT    
    

        This FIRST AMENDMENT (the "Amendment") to the Nonqualified Stock Option Agreement (the
"Agreement") dated December 28, 2006, is hereby made and entered as of the 28th day of June, 2007 by and between Cano
Petroleum, Inc., a Delaware corporation (the "Company") and James Dale Underwood (the
"Participant"). 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. 

        WHEREAS, Section 24 of the Agreement provides that the parties to the Agreement may change or modify the Agreement in a writing
signed by the parties; and 

        WHEREAS, the parties desire to amend the Agreement's vesting provisions to reflect changes made by the Compensation Committee of Cano
Petroleum, Inc. and the Board of Directors, on June 28, 2007 and the Participant's resignation as a director in good standing from the Board of Directors on June 28, 2007. 

        NOW THEREFORE, pursuant to Section 24 of the Agreement, in consideration of the mutual promises, conditions and covenants contained
herein and in the Agreement, and other good and valuable consideration, the adequacy of which is hereby acknowledged, the parties agree as follows: 

	1.
	Sections
3 and 4 of the Agreement shall be amended in their entirety to read as follows:

	3.
	and
4. Vesting; Time of Exercise. 100% of the total Optioned Shares vested immediately upon the Participant's resignation and the Stock
Option is exercisable for an extended period of Twenty-Four (24) months from the date of resignation with the exercise period ending at 5 p.m. on June 28, 2009.

	2.
	Section 27.a.
of the Agreement shall be amended to read as follows:

	a.
	Notice
to the Company shall be addressed and delivered as follows: 

Cano
Petroleum, Inc.

Burnett Plaza

801 Cherry Street

Suite 3200, Unit 25

Fort Worth, TX 76102

Attn: Corporate Secretary 

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

	

 	
 	
CANO PETROLEUM, INC.
	

	
 	

By:	
 	

/s/  MORRIS B. SMITH      

	 	 	Name:	 	Morris B. Smith
	 	 	Title:	 	Senior Vice President and Chief Financial Officer
	

 	
 	

 	
 	

 
	

 	
 	

 PARTICIPANT
	

	
 	

By:	
 	

/s/  JAMES DALE UNDERWOOD      

	 	 	Name:	 	JAMES DALE UNDERWOOD

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FIRST AMENDMENT TO THE CANO PETROLEUM, INC. NONQUALIFIED STOCK OPTION AGREEMENTFiled by Automated Filing Services Inc. (604) 609-0244 - Wescorp Energy, Inc. - Exhibit 10.1

Exhibit 10.1 

AGREEMENT AND PLAN OF MERGER 

          This
Agreement and Plan of Merger (“Agreement”) is dated September 5, 2007, by
and among Wescorp Energy, Inc., a Delaware corporation (“Wescorp”),
Strategic Decision Sciences, USA, Inc., a Texas corporation (“USA”) and
Scott Shemwell (the “Shareholder”). Wescorp, USA and the Shareholder are
sometimes referred to individually as a “Party” and collectively as the
“Parties.” 

RECITALS 

          A.      Wescorp
is a corporation duly organized and existing under the laws of the State of
Delaware.

          B.      USA
is a corporation duly organized and existing under the laws of the State of
Texas. USA has two wholly-owned subsidiaries: (i) Strategic Decisions Sciences
LLC and (ii) Critical Systems Solutions LLC (collectively, the “Subsidiaries”
and each a “Subsidiary”). For purpose of this Agreement, the term “Companies”
shall be used to collectively refer to USA and the Subsidiaries. 

          C.      Except
as otherwise provided herein, it is the intention of the parties to this
Agreement that the Merger provided for herein be treated as a “reorganization”
under Section 368(a) of the Internal Revenue Code of 1986, as amended (the
“Code”).

          D.      The
respective Boards of Directors of each of Wescorp and USA have determined that
it is in the best interests of their respective company and their stockholders
to consummate the Merger (as defined below) provided for herein.

          E.      Shareholder
owns 100,000 shares of the common stock, $0.01 par value per share, of USA (“USA
Common Stock”), which constitutes one-hundred percent (100%) of the issued and
outstanding capital stock of USA. 

          In
consideration of the foregoing and of the covenants and agreements set forth in
this Agreement, the parties, intending to be legally bound, agree as follows:

ARTICLE I 
THE MERGER 

          Section
1.1. The Merger.

                    (a)     
The Merger. Subject to the terms and conditions of this Agreement, at the
Effective Time (as defined below), USA shall merge with and into Wescorp in
accordance with the applicable provisions of the Delaware General Corporation
Law (“DGCL”) (the “Merger”), the separate corporate existence of
USA shall cease and Wescorp shall survive and continue to exist as a corporation
incorporated under the DGCL (Wescorp, as the surviving corporation in the
Merger, sometimes being referred to herein as the “Surviving Corporation”).

                    (b)     
Name. The name of the Surviving Corporation shall be “Wescorp Energy,
Inc.

                    (c)     
Articles and Bylaws. The certificate of incorporation (the
“Charter”) and bylaws of Wescorp (the “Bylaws”) immediately after
the Merger shall be the Wescorp Charter and the Wescorp Bylaws as in effect
immediately prior to the Merger.

1 

Exhibit 10.1 

                    (d)     
Directors and Executive Officers of the Surviving Corporation. The
directors of the Surviving Corporation immediately after the Merger shall be the
directors of Wescorp immediately prior to the Merger, each of whom shall serve
until his successor shall be duly elected and qualified. The executive officers
of the Surviving Corporation immediately after the Merger shall be the executive
officers of Wescorp immediately prior to the Merger, each of whom shall serve
until such time as his respective successor shall be duly elected and
qualified.

                    (e)      Authorized
Capital Stock. The authorized capital stock of the Surviving Corporation
upon consummation of the Merger shall be as set forth in the Wescorp Charter
immediately prior to the Merger.

                    (f)     
Effect of the Merger. At the Effective Time, the effect of the Merger
shall be provided in accordance with the DGCL. Without limiting the generality
of the foregoing, and subject thereto, at the Effective Time, all the property,
rights, privileges, powers and franchises of USA shall vest in the Surviving
Corporation, and all debts, liabilities, obligations, restrictions, disabilities
and duties of USA shall become the debts, liabilities, obligations,
restrictions, disabilities and duties of the Surviving Corporation.

                    (g)     
Additional Actions. If, at any time after the Effective Time, the
Surviving Corporation shall consider that any further assignments or assurances
in law or any other acts are necessary or desirable to (i) vest, perfect or
confirm, of record or otherwise, in the Surviving Corporation its right, title
or interest in, to or under any of the rights, properties or assets of USA
acquired or to be acquired by the Surviving Corporation as a result of, or in
connection with, the Merger, or (ii) otherwise carry out the purposes of this
Agreement, USA, and its proper officers and directors, shall be deemed to have
granted to the Surviving Corporation an irrevocable power of attorney to execute
and deliver all such proper deeds, assignments and assurances. 

          Section
1.2.      Effective Date and Effective Time;
Closing.

                    (a)      Subject
to the satisfaction or waiver of the conditions set forth in Articles VI, VII
and VIII (as applicable) (other than those conditions that by their
nature are to be satisfied at the consummation of the Merger, but subject to the
fulfillment or waiver of those conditions), the parties shall cause articles of
merger relating to the Merger (the “Articles of Merger”) to be filed with
the Secretary of State of the State of Delaware pursuant to the DGCL on a date
selected by Wescorp after such satisfaction or waiver. The Merger provided for
herein shall become effective upon such filings or on such other date as may be
specified therein, which effective date is herein called the “Effective
Date.” The “Effective Time” of the Merger shall be the time of
such filings or otherwise as set forth in such filings.

                    (b)      A
closing (the “Closing”) shall take place immediately prior to the
Effective Time at the offices of Patton Boggs LLP, 1801 California Street, Suite
4900, Denver, Colorado 80202 at 10:00 a.m., Denver, Colorado time, or at such
other place, at such other time, or on such other date as the parties may
mutually agree upon (such date is referred to as the “Closing Date”). At
the Closing, there shall be delivered to Wescorp and USA the certificates and
other documents required to be delivered under Articles VII and VIII (as
applicable) hereof. 

ARTICLE II 
CONSIDERATION 

          Section
2.1.      Conversion of Shares. At the
Effective Time, by virtue of the Merger and without any action on the part of a
holder of shares of USA Common Stock:

2 

Exhibit 10.1 

                    (a)      Wescorp
Common Stock. Each share of Wescorp Common Stock (as defined below) that is
issued and outstanding immediately prior to the Effective Time shall remain
issued and outstanding and shall be unchanged by the Merger.

                    (b)      USA
Common Stock. All shares of USA Common Stock issued and outstanding
immediately prior to the Effective Time shall be converted into, and shall be
canceled in exchange for, the right to receive two million shares of Wescorp
common stock, $0.00001 par value per share (the “Wescorp Common
Stock”).

          Section
2.2.      Rights as Shareholders; Stock
Certificates. At the Effective Time, holders of USA Common Stock shall cease
to be, and shall have no rights as, stockholders of USA other than to receive
the consideration provided under Section 2.1(b) . On and after the Effective
Date, all of the outstanding stock certificates which prior to that time
represented shares of USA Common Stock shall be deemed for all purposes to
evidence ownership of and to represent the shares of Wescorp Common Stock into
which the shares of USA Common Stock represented by such certificates have been
converted as herein provided. The registered owner on the books and records of
Wescorp or its transfer agent of any such outstanding stock certificate shall,
until such certificate shall have been surrendered for transfer or otherwise
accounted for to Wescorp or its transfer agent, have and be entitled to exercise
any voting and other rights with respect thereto and to receive any dividend and
other distributions upon the shares of Wescorp Common Stock evidenced by such
outstanding certificate as above provided. 

          Section
2.3.      No Fractional Shares.
Notwithstanding any other provision of this Agreement, neither certificates nor
scrip for fractional shares of Wescorp Common Stock shall be issued in the
Merger. Each holder of USA Common Stock who otherwise would have been entitled
to a fraction of a share of Wescorp Common Stock (after taking into account all
stock certificates delivered by such holder) shall receive in lieu thereof cash
(without interest) in an amount determined by multiplying the fractional share
interest to which such holder would otherwise be entitled by the closing price
per share of Wescorp Common Stock on the Closing Date, rounded to the nearest
whole cent. No such holder shall be entitled to dividends, voting rights or any
other rights in respect of any fractional share.

ARTICLE III 
REPRESENTATIONS AND WARRANTIES OF USA
AND SHAREHOLDER 

          USA
and Shareholder hereby represent and warrant, jointly and severally, to Wescorp
as follows: 

               Section
3.1.      Organization and Good Standing.
USA (a) is a corporation duly organized, validly existing and in good standing
under the laws of the State of Texas; (b) has all requisite power and authority
to own and operate its property and assets, to lease the property and assets it
operates as lessee and to conduct the business in which it is currently, or is
currently proposed to be, engaged; (c) does not conduct business in any
jurisdiction other than Texas such that it would be required to be qualified to
conduct business in that jurisdiction; and (d) has the power and authority to
execute, deliver and perform its obligations under this Agreement. USA owns 100%
of the outstanding equity of each Subsidiary. Each Subsidiary is a Texas limited
liability company duly organized and, validly existing and in good standing with
the State of Texas. Other than the Subsidiaries, USA has no direct or indirect
subsidiaries and does not own any shares of capital stock or other securities of
any other entity. 

               Section
3.2.      Enforceability, Authority, No
Conflict. This Agreement constitutes the legal, valid and binding obligation
of USA and Shareholder, enforceable against each of them in accordance with its
terms. Upon the execution and delivery by USA and Shareholder, this Agreement
will constitute the legal, valid and binding obligation of each of USA and the
Shareholder, enforceable against each of them in accordance with its terms. USA
has the power and authority to execute and deliver the 

3 

Exhibit 10.1 

Agreement and to perform its obligations under this Agreement,
and such action has been duly authorized by all necessary action by Shareholder
and the USA board of directors. Shareholder has all necessary legal capacity to
enter into this Agreement and to perform his obligations hereunder. The
execution, delivery and performance by USA and Shareholder of this Agreement and
the consummation of the transactions contemplated hereby: (a) have been duly
authorized by all necessary corporate action; (b) do not contravene the terms of
USA’s articles of incorporation or bylaws or the articles of organization or
operating agreements of either of the Subsidiaries (the “Governing Documents”),
or any amendment thereto; and (c) upon receipt of the Consents, will not
violate, conflict with or result in any breach or contravention of or the
creation of any Encumbrance under, any USA Contract or any legal requirement
applicable to USA. 

               Section
3.3.      Capitalization. USA’s authorized
capital stock consists of 100,000 shares of common stock, $0.01 par value per
share. USA’s issued and outstanding capital stock consists of 100,000 shares of
USA Common Stock. Shareholder is and will be on the Closing Date the record and
beneficial owner and holder of 100,000 outstanding shares of USA Common Stock,
free and clear of all Encumbrances. There are no securities convertible or
exchangeable into or any rights of any person or entity to acquire any capital
stock of USA. There are no buy/sell agreements, shareholders’ or partners’
agreements, subscriptions, options, warrants, calls, rights, contracts,
commitments, understandings, restrictions or arrangements relating to the
issuance or voting of any equity interest of USA. All of the issued and
outstanding shares of USA’s capital stock have been duly authorized and validly
issued and are fully paid, nonassessable and free of pre-emptive rights and were
issued in full compliance with applicable state and federal securities laws and
any right of third parties. There is no person having any claim or right under
any phantom interest plan, interest appreciation rights plan, phantom interest
agreement or interest appreciation rights agreement or similar rights or
agreements entered into or maintained by USA.

          Section
  3.4.      Financial Information. USA has delivered
  to Wescorp a list of all assets and liabilities of the Companies as of July
  31, 2007 (collectively referred to herein as the “Financial Information”).

          Section
3.5.      Books and Records. The books of
account and other financial records of USA, all of which have been made
available to Wescorp, are complete and correct.

          Section
3.6.      Sufficiency of Assets. The assets
used by USA and each Subsidiary in USA’s business are adequate to conduct the
operations of the Companies as currently conducted by the Companies and have
been conducted during the past 12 months. The assets of USA and each Subsidiary
generally include all assets needed by the Companies to conduct its project
management consulting business, including without limitation the electronic
documentation, including process/workflow/data maps, methodologies, know-how,
technology and business related to the Structural Dynamics, Asset Maturity
Model, Strategic Value Assessment, and any other aspects of USA’s Strategic
Decision Management Methodology, USA’s Integrated Operations Methodology,
Concurrent Process Management, and Field Operations Process Management. Neither
the business nor the assets of any of the Companies include or relate to the
know-how, technology, business or other aspects related to process simulation
and/or lean energy. 

          Section
3.7.      Real Property. Neither USA nor either
Subsidiary owns any real property nor leases or subleases any real property.
Wescorp will not at the Closing have any liabilities, obligations or commitments
relating to any real property previously owned or used by USA. 

          Section
3.8.      Title to Assets; Encumbrances.
USA owns, or otherwise has a valid leasehold interest providing sufficient and
legally enforceable rights to use, all of the assets used in the conduct of 

4 

Exhibit 10.1 

USA’s business. USA and its Subsidiaries have good and
marketable title to all of their respective assets, or associated leaseholds
therein, free and clear of all Encumbrances.

          Section
3.9.      Condition of Assets. The assets used
in the conduct of Companies’ business are in good operating condition and repair
(ordinary wear and tear excepted), have been reasonably maintained consistent
with standards generally followed in the industry, and are suitable for their
present uses.

          Section
3.10.      Inventories. The Companies have
no items of inventory included as part of its assets. 

          Section
3.11.      No Undisclosed Liabilities. Neither
USA nor either Subsidiary has any liability or obligation, secured or unsecured,
whether accrued, absolute, contingent, unasserted or otherwise, affecting the
assets used by USA in its business that is not specified in the Agreement and in
the Financial Information. 

          Section
3.12.      Taxes. USA and its Subsidiaries have
filed or caused to be filed, or has properly filed extensions for, all tax
returns that are due on or before the Closing Date, and has paid or caused to be
paid all taxes due on or before the Closing Date, except taxes the validity or
amount of which are being contested in good faith by appropriate proceedings and
with respect to which adequate reserves have been set aside. USA and its
Subsidiaries have paid or caused to be paid, or has established reserves that
are adequate in all material respects for, all applicable tax liabilities that
have accrued prior to the Closing Date for all fiscal years which have not been
examined and reported on by the taxing authorities (or closed by applicable
statutes). 

          Section
3.13.      No Material Adverse Change. Since the
date of the Financial Information, there has not been any material adverse
change in the business, operations, prospects, assets, results of operations or
condition (financial or other) of USA or its Subsidiaries, and no event has
occurred or circumstance exists that may result in such a material adverse
change. 

          Section
3.14.      Legal Compliance. USA and each
Subsidiary, and the conduct and operations of USA’s business, have been in
compliance with each law (including rules and regulations thereof) of any
federal, state, local or foreign government, administrative agency or
commission, or any other governmental or regulatory entity or agency
(“Governmental Body”), which (a) affects or relates to this Agreement or any
agreement entered into in conjunction with this Agreement or the transactions
contemplated hereby or thereby or (b) is applicable to the Assets or the
Business. 

          Section
3.15.      Legal Proceedings; Orders. There are
no pending legal proceedings, investigations, administrative or other actions by
any Governmental Body (the “Proceedings”) or, to the knowledge of USA and
Shareholder, threatened Proceedings against or affecting the Companies, the
assets of the Companies or the business of the Companies. No injunction, writ,
temporary restraining order, decree or any order of any nature has been issued
by any court or other Governmental Body purporting to enjoin or restrain the
execution, delivery or performance of the Agreement. 

          Section
3.16.      Absence of Certain Changes and
Events. Since the date of the Financial Information, the Companies have
conducted their business only in the ordinary course of business and the
Companies have not sold or transferred any of its assets. Other than the sale of
inventory in the ordinary course of business, other than for the sale or other
disposition of excess, obsolete or worn-out inventory or equipment, and other
than the sale or disposition of assets constituting tangible personal property
that have been replaced with other assets of equal or greater value or utility,
and the Companies have not sold 

5 

Exhibit 10.1 

any inventory to any customer on approval or on any other basis
which entitles the customer to return, or may obligate USA or either Subsidiary
to repurchase, such inventory. 

          Section
3.17.      Contracts; No Defaults.

                    (a)      Except
as set forth on Section 3.17(a) of the Disclosure
Schedule, neither USA nor either Subsidiary is a party to any written
Contract or any oral Contract material to its operations as they have been
conducted at any time during the past 12 months (each a “USA Contract”).
Complete and correct copies of all USA Contracts listed on Section
3.17(a) of the Disclosure Schedule have been delivered to
Wescorp by USA. 

                    (b)      With
respect to each USA Contract: (i) such USA Contract is legal, valid, binding and
enforceable against USA and in full force and effect as against USA; (ii)
following the Merger, each USA Contract will continue to be legal, valid,
binding, enforceable and in full force and effect on identical terms as of the
Closing Date immediately after giving effect to the consummation of the
transactions contemplated hereby; (iii) USA is not in breach or default and, to
the Knowledge of USA and Shareholder, no other party is in breach or default and
no event has occurred which with notice or lapse of time would constitute a
breach or default or permit termination, modification or acceleration under such
USA Contract; and (iv) USA has not repudiated any provision of such USA
Contract, and to the Knowledge of USA and Shareholder, no party has repudiated
any provision of thereof. USA is a party to all the USA Contracts. 

          Section
3.18.      Employee Relations. The Companies are
in compliance with all federal, state and municipal laws related to employment
and employment practices, terms and conditions of employment, and wages and
hours, and are not engaged in any unfair labor practice, and there are no
arrears in the payment of wages or social security taxes. 

          Section
3.19.      Employee Benefit Plans. The
Companies have no employee benefit plans, including but not limited to any
healthcare, pension, profit sharing, retirement, deferred compensation, welfare
and other similar plans, programs or agreements, whether reduced to writing or
not, relating to the Companies’ employees, or maintained at any time by USA or
either Subsidiary. 

          Section
3.20.      Intellectual Property.

                    (a)      USA
has not used any Intellectual Property material for the conduct of its
operations as they have been conducted during the past 12 months other than that
listed on Section 3.30(a) of the
Disclosure Schedule. Except for Intellectual Property licensed
pursuant to agreements listed on Section 3.20(a) of the
Disclosure Schedule, USA and each Subsidiary (1) validly owns,
beneficially and of record, and holds the entire right, title and interest (in
the United States) in and to the Intellectual Property material to its
operations, free and clear of any lien, claim or Encumbrance other than
Encumbrances permitted by Wescorp and all trade marks included therein are valid
and enforceable; (2) validly owns, beneficially and of record, the trade secrets
and confidential business information included in the know-how, free and clear
of any lien, claim or Encumbrance other than Encumbrances permitted by Wescorp;
(3) has the right to use all of the other know-how material to the operation of
the Business; and (4) upon the consummation of transaction and the assignment
and transfer provided for herein, USA and its Subsidiaries will have validly
assigned and transferred to Wescorp all right, title and interest in and to such
Intellectual Property and know-how, whether or not patentable, free and clear of
any lien, claim or Encumbrance other than Encumbrances permitted by Wescorp.

                    (b)      None
of the products, services, processes, systems, materials, literature, knowhow or
software used, manufactured, provided, offered, distributed or sold by or on
behalf of USA nor 

6 

Exhibit 10.1 

any of the assets of USA infringes, dilutes, violates or
misappropriates any Intellectual Property or any other rights of any nature
whatsoever of others. USA has not received any notice of any such infringement,
dilution, violation or misappropriation. There is no domain name application
pending of any other person that would potentially interfere with or infringe
any of USA’s rights in internet web sites and internet domain names. No
Proceeding or office action is pending in which USA is named as a party, or, to
USA’s Knowledge, threatened, nor has any claim been asserted or threatened (by
or against USA or any third party), which involves any Intellectual Property or
Know-how of or used by USA nor, to USA’s Knowledge, does any state of facts
exist under which any such action, suit, arbitration, proceeding or
investigation might be based. USA is not subject to any judgment, order, writ,
injunction or decree of any court or any federal, state, local or other
governmental department, commission, board, bureau, agency or instrumentality,
domestic or foreign, or any arbitrator, nor has USA entered into, nor is it a
party to, any agreement or other instrument. 

                    (c)      Operation
of the business by Wescorp after the Closing in the manner in which USA’s
business is currently conducted by USA will not infringe, dilute, violate or
misappropriate any Intellectual Property or any other rights of any nature
whatsoever of others.

          Section
3.21.      Brokers or Finders. Neither USA
nor any of its representatives have incurred any obligation or liability,
contingent or otherwise, for brokerage or finders’ fees or agents’ commissions
or other similar payments in connection with the sale of USA’s business or the
assets of USA or the transactions contemplated hereby. 

          Section
3.22.      Insurance. To the Knowledge of each
of USA and Shareholder, USA does not have in force any insurance as of the
Closing Date. 

          Section
3.23.      Indebtedness. There are no
indentures, trust deeds, loan agreements, or other instruments pursuant to
which any of the Companies has incurred indebtedness or has guaranteed the
indebtedness of any person or entity all of which shall be terminated and
released with respect to any Company on or prior to the Closing Date. 

          Section
3.24.      Business. 

                    (a)      Neither
USA nor either Subsidiary has not conducted any material business other than the
principal business of the Companies, which consists of project management
consulting. 

                    (b)      No
related person or entity of USA or either Subsidiary owns any assets that are
needed to operate the business as presently conducted. 

          Section
3.25.      Full Disclosure.

                    (a)      To
the best of the knowledge of USA and/or the Shareholder, no representation or
warranty or other statement made by USA in this Agreement, the Disclosure
Schedules, any supplement to the Disclosure Schedules, the certificates
delivered pursuant to this Agreement or otherwise in connection with the
transactions contemplated hereby contains any untrue statement or omits to state
a material fact necessary to make any of them, in light of the circumstances in
which it was made, not misleading. 

                    (b)      USA
does not have Knowledge of any fact that has specific application to USA (other
than general economic or industry conditions) and that may materially adversely
affect the assets, business, prospects, financial condition or results of
operations of USA that has not been set forth in this Agreement or the
Disclosure Schedule 

7 

Exhibit 10.1 

          Section
3.26.      Wescorp Information and Restricted
Stock. 

                    (a)      In
regard to the shares of Wescorp’s Common Stock constituting the merger
consideration (as contemplated by Section 2.1(b)), Shareholder confirms that all
information, documents, records and books pertaining to an investment in the
shares of Wescorp’s Common Stock that have been requested by USA or Shareholder
have been made available or delivered to USA or Shareholder. Shareholder also
has received and reviewed copies of Wescorp’s Form 10-KSB for the fiscal year
ended December 31, 2006 and of Wescorp’s Form 10-QSB for the three months ended
June 30, 2007. Shareholder has further had the opportunity to discuss the
acquisition of the shares with Wescorp. 

                    (b)      Shareholder
further represents that it is acquiring the shares of Wescorp Common Stock for
its own account for investment and not with a view to the public distribution
thereof, and that he will not sell any of such shares unless they are registered
under the Securities Act of 1933 (the “Act”), as amended from time to
time, or unless an exemption from such registration is available. Shareholder
acknowledges that he must bear the economic risks associated with the shares for
an indefinite period of time, that a restrictive legend will be affixed to the
certificate representing the shares of Wescorp Common Stock and that a stop
order will be placed in the appropriate records of Wescorp with respect to such
shares.

                    (c)     
Shareholder represents that he is an “accredited investor” as that term is
defined in Rule 501 of Regulation D, as promulgated under the Act. 

ARTICLE IV 
REPRESENTATIONS AND WARRANTIES OF
WESCORP 

          Wescorp
hereby represents and warrants to USA and Shareholder as follows: 

          Section
4.1.      Organization and Good Standing.
Wescorp is a corporation duly organized, validly existing and in good standing
under the laws of the State of Delaware with full corporate power and authority
to conduct its business as it is now conducted. 

          Section
4.2.      Authority; No Conflict.

                    (a)      This
Agreement constitutes the legal, valid and binding obligation of Wescorp,
enforceable against it in accordance with its terms. Wescorp has the absolute
and unrestricted right, power and authority to execute and deliver this
Agreement and to perform its obligations under this Agreement, and such action
has been duly authorized by all necessary corporate action. 

                    (b)      The
execution, delivery and performance by Wescorp of this Agreement and the
consummation of the transactions contemplated hereby: (a) have been duly
authorized by all necessary corporate action; (b) do not contravene the terms of
the Wescorp Charter and Wescorp Bylaws; and (c) will not violate, conflict with
or result in any breach or contravention of any contract to which Wescorp may be
bound. 

          Section
4.3.      Consents. Wescorp has obtained the
required Consents from any person or entity in connection with the execution and
delivery of this Agreement or the consummation or performance of any of the
transactions contemplated hereby. 

          Section
4.4.      Certain Proceedings. There is no
pending Proceeding that has been commenced against Wescorp and that challenges,
or may have the effect of preventing, delaying, making illegal or 

8 

Exhibit 10.1 

otherwise interfering with, any of the transactions
contemplated hereby. To Wescorp’s Knowledge, no such Proceeding has been
threatened. 

          Section
4.5.      Full Disclosure. To the best of
Wescorp’s knowledge, no representation or warranty or other statement made by
Wescorp in this Agreement, the Disclosure Schedules, any supplement to the
Disclosure Schedules, the certificates delivered pursuant to this Agreement or
otherwise in connection with the transactions contemplated hereby contains any
untrue statement or omits to state a material fact necessary to make any of
them, in light of the circumstances in which it was made, not misleading. 

                    (a)      Wescorp
does not have Knowledge of any fact that has specific application to Wescorp
(other than general economic or industry conditions) and that may materially
adversely affect the assets, business, prospects, financial condition or results
of operations of Wescorp that has not been set forth in this Agreement or the
Disclosure Schedule. 

COVENANTS OF THE PARTIES 

          Section
4.6.      Further Assurances; Access to
Properties and Information. Each of the parties hereto agrees to execute and
deliver any and all further agreements, documents or instruments necessary or
convenient to effect this Agreement and the transactions referred to herein or
contemplated hereby or reasonably requested by the other party to perfect or
evidence its rights hereunder. Shareholder and USA shall use their best efforts
to effect an orderly transfer of control of the assets of USA to Wescorp and to
complete the transactions contemplated by this Agreement as promptly as
practicable. Each party will promptly notify the other party of any information
delivered to or obtained by such party by or from any third party that would
prevent the consummation of the transactions contemplated by this Agreement.
Additionally, USA and Shareholder shall from time to time furnish, or cause to
be furnished, to Wescorp, such financial, tax and operating data and other
available information with respect to USA and its assets, properties, employees,
businesses and operations as Wescorp shall from time to time reasonably request.

          Section
4.7.      Confidentiality. Shareholder
shall maintain as confidential this Agreement and the terms and conditions
hereof, as well as all records, correspondence, memoranda, writings, documents
and instruments arising out of, or relating thereto or made in connection
therewith, and further agree not to disclose any thereof and any proprietary
information or confidential information pertaining to the business of USA to any
person or entity except as required by statute or court or administrative order,
and only then with prior or concurrent written notice to Wescorp stating the
matters disclosed and identifying to whom disclosed, certifying that such
persons were notified in writing that such materials are subject to the
confidentiality and non-disclosure obligations as imposed herein, except with
respect to federal, state or local governmental audits or investigations. 

          Section
4.8.      Consents. The parties agree to
cooperate with each other and with any and all third parties in obtaining all
Consents (including such permits or authorizations as may be required by any
Governmental Body), necessary or desirable to effect the transactions
contemplated hereby. 

          Section
4.9.      Expenses. Each party agrees to pay its
own expenses incurred in connection with this Agreement, the transactions
contemplated hereby, the negotiations leading to the same and the preparations
made for carrying the same into effect. 

          Section
4.10.      “Strategic Decision Sciences”
Name. On and after the Effective Time, Wescorp shall not make any claim to
ownership of the name “Strategic Decision Sciences”. 

9 

Exhibit 10.1 

ARTICLE V 
CONDITIONS TO EACH PARTY’S OBLIGATION TO
EFFECT THE MERGER 

          The
respective obligation of each of the parties hereto to consummate the Merger is
subject to the fulfillment, or, to the extent permitted by applicable law,
waiver by the parties hereto prior to the Effective Date, of each of the
following conditions:

          Section
5.1.      USA Shareholder Approval. This
Agreement shall have been duly approved by the requisite vote of the
shareholders of USA Common Stock.

          Section
5.2.      No Injunction. No Governmental Body of
competent jurisdiction shall have enacted, issued, promulgated, enforced or
entered any statute, rule, regulation, judgment, decree, injunction or other
order (whether temporary, preliminary or permanent) which is in effect and
prohibits consummation of the Merger.

ARTICLE VI 
CONDITIONS PRECEDENT TO WESCORP’S
OBLIGATION TO CLOSE 

          Wescorp’s
obligation to effect the Merger and to take the other actions required to be
taken by Wescorp at the Closing is subject to the satisfaction, at or prior to
the Closing, of each of the following conditions (any of which may be waived by
Wescorp, in whole or in part): 

          Section
6.1.      Accuracy of Representations. All
of USA’s and Shareholder’s representations and warranties in this Agreement
(considered collectively), and each of these representations and warranties
(considered individually), shall have been accurate in all material respects as
of the date of this Agreement, and shall be accurate in all material respects as
of the time of the Closing as if then made, without giving effect to any
materiality qualifications contained therein or to any supplement to the
Disclosure Schedule. 

          Section
6.2.      USA’s and Shareholder’s Performance.
All of the covenants and obligations that USA and the Shareholder are required
to perform or to comply with pursuant to this Agreement at or prior to the
Closing (considered collectively), and each of these covenants and obligations
(considered individually), shall have been duly performed and complied with in
all material respects without giving effect to any materiality qualifications
contained therein. 

          Section
6.3.      Consents. Consents shall have
been obtained from the parties to any material agreements of USA that grants
such parties the right to terminate in the event of a change of control and
shall be in full force and effect. 

          Section
6.4.      Documents. USA and the Shareholder, as
the case may be, shall deliver to Wescorp, the following: 

                    (a)      certificates
executed by each of USA and the Shareholder as to the accuracy of their
representations and warranties as of the Closing in accordance with Article III
and as to their compliance with and performance of their covenants and
obligations to be performed or complied with at or before the Closing in
accordance with Article V; and 

                    (b)     
a certificate of the Secretary or President of USA certifying, as complete and
accurate as of the Closing, copies attached thereto of the Governing Documents
of USA, certifying and attaching all requisite resolutions or actions of USA’s
board of directors and its sole Shareholder 

10 

Exhibit 10.1 

approving the execution and delivery of this Agreement and the
consummation of the transactions contemplated hereby. 

          Section
6.5.      Due Diligence. Wescorp shall be
satisfied with the results of its due diligence investigation of USA. 

          Section
6.6.      Material Adverse Change. There
shall not have occurred a material adverse change in the business, financial
condition, prospects, receivables, book value, assets or operations of USA or
any material increase in any liabilities since the Balance Sheet. 

ARTICLE VII 
CONDITIONS PRECEDENT TO USA’S
OBLIGATION TO CLOSE 

          USA’s
obligation to effect the Merger and to take the other actions required to be
taken by USA at the Closing is subject to the satisfaction, at or prior to the
Closing, of each of the following conditions (any of which may be waived by USA
in whole or in part): 

          Section
7.1.      Accuracy of Representations. All of
Wescorp’s representations and warranties in this Agreement (considered
collectively), and each of these representations and warranties (considered
individually), shall have been accurate in all material respects as of the date
of this Agreement and shall be accurate in all material respects as of the time
of the Closing as if then made. 

          Section
7.2.      Wescorp’s Performance. All of the
covenants and obligations that Wescorp is required to perform or to comply with
pursuant to this Agreement at or prior to the Closing (considered collectively),
and each of these covenants and obligations (considered individually), shall
have been performed and complied with in all material respects. 

          Section
7.3.      Documents. Wescorp shall deliver
to USA and the Shareholder, as the case may be, the following: 

                    (a)     
a certificate executed by Wescorp as to the accuracy of its representations and
warranties as of the Closing in accordance with Article IV and as to its
compliance with and performance of its covenants and obligations to be performed
or complied with at or before the Closing in accordance with Article V; and 

                    (b)     
a certificate of the Secretary or President of Wescorp certifying, as complete
and accurate as of the Closing, attached copies of the Wescorp Charter and
Wescorp Bylaws and certifying and attaching all requisite resolutions or actions
of Wescorp’s board of directors approving the execution and delivery of this
Agreement and the consummation of the transactions contemplated hereby. 

ARTICLE VIII 
INDEMNIFICATION; REMEDIES 

          Section
8.1.      Indemnification by USA and the
Shareholder. Shareholder hereby agrees to defend, indemnify and hold
harmless Wescorp, its directors, officers, affiliates, successors and assigns,
from and against any and all claims, losses, damages, liabilities, costs and
expenses (including attorneys’ fees and court costs) (collectively, “Wescorp
Damages”) incurred by, resulting from, consisting of or arising out of or in
connection with USA, the Shareholder, or pre-Closing matters related to the
business or USA, including without limitation, (a) any misrepresentation, breach
of representation or warranty or failure to perform any covenant or agreement of
USA or Shareholder in this Agreement or in any of the agreements, schedules or
exhibits contemplated herein; (b) any claims of any employee or consultant of

11 

Exhibit 10.1 

other person or entity arising from actions of USA or any of
its affiliates or agents prior to the Closing Date; (c) any litigation, suit,
action, investigation, proceeding or controversy arising out of the Assets or
the business of USA prior to the Closing Date; and (e) any actions, inactions,
liabilities, obligations or commitments, fixed or contingent, of USA, the
Shareholder or any affiliate of them. 

          Section
8.2.      Indemnification Wescorp. Wescorp
hereby agrees to defend, indemnify and hold harmless USA, its directors,
officers, affiliates, successors and assigns, its Subsidiaries, and Shareholder
from and against any and all claims, losses, damages, liabilities, costs and
expenses (including attorneys’ fees and court costs) (collectively, “USA
Damages”, Wescorp Damages and USA Damages shall be collectively referred to as
“Damages”) incurred by, resulting from, consisting of or arising out of or in
connection with any misrepresentation, breach of representation or warranty or
failure to perform any covenant or agreement of Wescorp in this Agreement or in
any of the agreements, schedules or exhibits contemplated herein. 

          Section
8.3.      Method of Asserting Claims. 

                    (a)     
Whenever a party (the “Claimant”) has incurred or suffered Damages for which it
is entitled to indemnification under this Article IX, the Claimant shall, prior
to the expiration of the representation, warranty, covenant or agreement to
which such claim relates, give written notice of such claim (a “Claim
Notice”) to the applicable party (the “Recipient”). Each Claim Notice shall
state the amount of claimed Damages (the “Claimed Amount”), if known, and
the basis for such claim. 

                    (b)      Within
20 days after delivery of a Claim Notice, Recipient shall provide to the
Claimant a written response (the “Response Notice”) in which the
Recipient shall: (i) agree that all of the Claimed Amount is owed to Claimant,
(ii) agree that part, but not all, of the Claimed Amount (the “Agreed
Amount”) is owed to Claimant, or (iii) contest that any of the Claimed
Amount is owed to Claimant. The Recipient may contest the payment of all or a
portion of the Claimed Amount only based upon a good faith belief that all or
such portion of the Claimed Amount does not constitute Damages for which the
Claimant is entitled to indemnification under this Article IX. If no Response
Notice is delivered by the Recipient within such 20-day period, the Recipient
shall be deemed to have agreed that all of the Claimed Amount is owed to
Claimant. 

                    (c)      If
the Recipient in the Response Notice agrees (or is deemed to have agreed) that
all of the Claimed Amount is owed to Claimant, Recipient shall promptly pay to
Claimant an amount in cash equal to the Claimed Amount. If the Recipient in the
Response Notice agrees that part, but not all, of the Claimed Amount is owed to
Claimant, the Recipient shall promptly pay to Claimant an amount in cash equal
to the Agreed Amount set forth in such Response Notice. Acceptance by Claimant
of part payment of any Claimed Amount shall be without prejudice to Claimant's
right to claim the balance of any such Claimed Amount. 

                    (d)      Claimant
shall give prompt written notification to the Recipient of the commencement of
any action, suit or proceeding relating to a third party claim for which
indemnification pursuant to this Article IX may be sought. Within 20 days after
delivery of such notification, the Recipient may, upon written notice thereof to
Claimant, assume control of the defense of such action, suit or proceeding with
counsel reasonably satisfactory to Claimant, provided the Recipient acknowledges
in writing to Claimant that any damages, fines, costs or other liabilities that
may be assessed against Claimant in connection with such action, suit or
proceeding constitute Damages for which Claimant shall be entitled to
indemnification pursuant to this Article IX. If the Recipient does not so assume
control of such defense, Claimant shall control such defense. The party not
controlling such defense may participate therein at its own expense; provided
that if the Recipient assumes control of such defense and Claimant reasonably
concludes that the Recipient and Claimant have conflicting interests or
different defenses 

12 

Exhibit 10.1 

available with respect to such action, suit or proceeding, the
reasonable fees and expenses of counsel to Claimant shall be considered
“Damages” for purposes of this Agreement. The party controlling such defense
shall keep the other Party advised of the status of such action, suit or
proceeding and the defense thereof and shall consider in good faith
recommendations made by the other party with respect thereto. Claimant shall not
agree to any settlement of such action, suit or proceeding without the prior
written consent of the Recipient, which shall not be unreasonably withheld,
conditioned or delayed. The Recipient shall not agree to any settlement of such
action, suit or proceeding without the prior written consent of Claimant, which
shall not be unreasonably withheld, conditioned or delayed (it being understood
that it is reasonable to withhold such consent if, among other things, the
settlement or the entry of judgment (A) lacks a complete release of Claimant for
all liability with respect thereto or (B) imposes any liability or obligation on
Claimant). 

          Section
8.4.      Payment of Indemnification
Obligation. All indemnification by the Recipient hereunder shall be effected
by payment of cash or delivery of a cashier's or certified check in the amount
of the indemnification liability. 

          Section
8.5.      Survival of Representations; Claims
for Indemnification. All representations and warranties made by the parties
herein or in any instrument or document furnished in connection herewith shall
survive the Closing and any investigation at any time made by or on behalf of
the parties hereto. All such representations and warranties shall expire on the
second anniversary of the Closing Date, except for claims, if any, asserted in
writing prior to such second anniversary, which shall survive until finally
resolved and satisfied in full. All claims and actions for indemnity pursuant to
this Article IX for breach of any representation or warranty shall be asserted
or maintained in writing by Claimant on or prior to the expiration of such
two-year period.

ARTICLE IX 
GENERAL PROVISIONS 

          Section
9.1.      Publicity. The parties agree that
all publicity concerning this Agreement and the transactions contemplated
hereby, including all press releases and similar public announcements and
communications, shall be coordinated and planned by Wescorp. Neither USA (prior
to the Closing) nor Shareholder shall take any such actions without the prior
written approval of Wescorp.

          Section
9.2.      Notices. All notices or other
communications hereunder shall be deemed to have been duly given and made if in
writing and if served by personal delivery upon the party for whom it is
intended, if delivered by registered or certified mail, return receipt
requested, or by a national courier service, or if sent by facsimile, provided,
however that the facsimile is promptly followed by telephone confirmation
thereof to the appropriate person at the address set forth below, or at such
other address as may be designated in writing hereafter, in the same manner, by
such person. 

	If to Wescorp: 	With a copy to: 
	  	 
	Wescorp Energy, Inc. 	Patton Boggs LLP 
	Suite 770, 435 – 4th Avenue S.W. 	1660 Lincoln Street, Suite 1900 
	Calgary, Alberta, Canada T2P 3A8 	Denver, Colorado 80264 
	Attention: Douglas Biles 	Attention: Alan Talesnick, Esq. 
	(403) 206-3990 (telephone) 	(303) 830-1776 (telephone) 
	(403) 206-3993 (facsimile) 	(303) 894-9239 (facsimile)

13 

Exhibit 10.1 

	If to USA: 	If to Shareholder: 
	  	  
	Strategic Decision Sciences USA, Inc. 	Scott M. Shemwell 
	20715 Park Pine Drive 	20715 Park Pine Drive 
	Katy, Texas 77450 	Katy, Texas 77450 
	Attention: Scott Shemwell 	(281) 414-6958 (telephone) 
	(281) 414-6958 (telephone) 	(281) 492-0220 (facsimile) 
	(281) 492-0220 (facsimile) 	  

          Any
such notice shall be deemed delivered (a) on the date delivered if by personal
delivery, (b) on the date upon which the return receipt is signed or delivery is
refused or the notice is designated by the postal authorities as a not
deliverable, as the case may be, if mailed by registered or certified mail, (c)
on the next succeeding business day if sent by national courier service, or (d)
on the date telecommunicated if by telecopier if confirmed by telephone
confirmation. 

          Section
9.3.      Amendment; Waiver. Any provision of
this Agreement may be amended or waived if, and only if such amendment or waiver
is in writing and signed, in the case of an amendment, by Wescorp and USA, or in
the case of a waiver, by the party against whom the waiver is to be effective.
No failure or delay by any party in exercising any right, power or privilege
hereunder shall operate as a waiver thereof, nor shall any single or partial
exercise thereof preclude any other or further exercise thereof or the exercise
of any other right, power or privilege. 

          Section
9.4.      Assignment. No party to this Agreement
may assign any of its rights or obligations under this Agreement without the
prior written consent of the other parties hereto. 

          Section
9.5.      Entire Agreement. This Agreement
(including all Disclosure Schedules and Annexes hereto) contains the entire
agreement between the parties hereto with respect to the subject matter hereof
and supersedes all prior agreements and understandings, oral or written, with
respect to such matters. 

          Section
9.6.      Parties in Interest. This Agreement
shall inure to the benefit of and be binding upon the parties hereto and their
respective successors and permitted assigns. Nothing in this Agreement, express
or implied, is intended to confer upon any person or entity other than Wescorp,
USA, Shareholder or their successors or permitted assigns, any rights or
remedies under or by reason of this Agreement. 

          Section
9.7.      Governing Law; Jurisdiction. This
Agreement shall be construed under and governed by the laws of the State of
Delaware, its rules of conflict of laws notwithstanding. 

          Section
9.8.      Specific Performance. The parties
hereto agree that if any of the provisions of this Agreement are not performed
in accordance with their specific terms or are otherwise breached, irreparable
damage would occur, no adequate remedy at law would exist and damages would be
difficult to determine, and that the parties shall be entitled to specific
performance of the terms hereof, in addition to any other remedy at law or
equity. 

          Section
9.9.      Headings. The heading references
herein and in the table of contents hereto are for convenience purposes only, do
not constitute a part of this Agreement, and shall not be deemed to limit or
affect any of the provisions hereof. 

          Section
9.10.      Execution. This Agreement may be
executed in one or more counterparts, each of which will be deemed to be an
original copy of this Agreement and all of which, when taken together, will be
deemed to constitute one and the same agreement. The exchange of copies of this
Agreement and 

14 

Exhibit 10.1 

of signature pages by facsimile transmission shall constitute
effective execution and delivery of this Agreement as to the parties and may be
used in lieu of the original Agreement for all purposes. Signatures of the
parties transmitted by facsimile shall be deemed to be their original signatures
for all purposes. 

[Signature Page Follows] 

 

 

 

 

15 

Exhibit 10.1 

          IN
WITNESS WHEREOF, the parties have executed this Agreement on the respective
dates set forth below. 

	  	 	WESCORP ENERGY, INC.

	  	 	 
	  	 	 
	  	 	 
	Dated: 	By:	/s/ Douglas Biles 
	  	 	Name: Douglas Biles 
	  	 	Title: Chief Executive Officers
    
	  	 	 
	  	 	 
	  	 	STRATEGIC DECISION SCIENCES
      USA, INC. 
	  	 	 
	  	 	 
	  	 	 
	Dated: 	By:	/s/ Scott Shemwell 
	  	 	Name: Scott Shemwell 
	  	 	Title: President 
	  	 	 
	  	 	 
	Dated: 	 	SHAREHOLDER: 
	  	 	 
	  	 	 
	  	 	/s/ Scott Shemwell 
	  	 	Scott Shemwell, Individually
  

16 

Annex I 

Definitions 

          For
purposes of this Agreement, the following terms and variations thereof have the
meanings specified or referred to in this Annex I: 

          “Consent”
shall mean any approval, consent, ratification, waiver or other authorization
required, whether arising under any Contract to which USA is a party or under
any legal requirement binding on USA, with respect to any change of control
provision or prohibition that would otherwise grant any third party the right to
terminate such Contract upon a change of control or prevent the consummation of
the Merger. 

          “Contract”
shall mean any agreement, contract, lease, license, consensual obligation,
promise or undertaking (whether written or oral and whether express or implied),
whether or not legally binding. 

          “Encumbrance”
shall mean any charge, claim, community or other marital property interest,
condition, equitable interest, lien, option, pledge, security interest,
mortgage, right of way, easement, encroachment, servitude, right of first
option, right of first refusal or similar restriction, including any restriction
on use, voting (in the case of any security or equity interest), transfer,
receipt of income or exercise of any other attribute of ownership. 

          “Intellectual
Property” shall mean all intellectual property used, owned or licensed (as
licensor or licensee) by USA or in which USA has a proprietary interest,
including (a) the Marks and all assumed fictional business names, trade names,
registered and unregistered trademarks, service marks and all applications and
registrations therefor, (b) all patents and patent applications and all
inventories, improvements, ideas and discoveries, whether or not patentable, (c)
all registered and unregistered copyrights in both published works and
unpublished works, (d) all rights in mask works, and (e) all knowhow, trade
secrets, confidential or proprietary information, customer lists, software
(including but not limited to all source code, object and binary code),
technical information, data, process technology, plans, drawings and blue
prints. 

          “Knowledge”
shall mean an individual will be deemed to have Knowledge of a particular fact
or other matter if: 

                         (a)      that
individual is actually aware of that fact or matter; or

                         (b)     
a prudent individual could be expected to discover or otherwise become aware of
that fact or matter in the course of conducting a reasonably comprehensive
investigation regarding the accuracy of any representation or warranty contained
in this Agreement.

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