Document:

Administrative Services Letter Agmt. between the Registrant and S&B Investment

 Exhibit 10.11 
 TRANSFORMA ACQUISITION GROUP INC. 
 SEPTEMBER 1, 2006 
 S&B INVESTMENT MANAGEMENT
GROUP, LLC 
 350 Park Avenue, 10th Floor 
 New York, NY 10022

 Ladies and Gentlemen: 
 This letter will confirm our agreement that commencing on September 1, 2006 S&B Investment Management Group, LLC (“S&BIMG”) shall make available to Transforma Acquisition Group Inc.
(“Transforma”) certain office space and general and administrative services as may be required by Transforma, situated at 350 Park Avenue, 10th Floor, New York, NY 10022. In exchange therefor, Transforma shall pay S&BIMG the sum of $7,500 per month. Transforma will pay S&BIMG the monthly fee of $7,500 until the earlier of (i) the
completion of Transforma’s initial business combination and (ii) Transforma’s dissolution. 
 [Remainder of Page
Intentionally Left Blank] 
  

 1 

			
	Very truly yours,
	
	TRANSFORMA ACQUISITION GROUP INC.
		
	By:	 	 /s/ Larry J. Lenhart

	Name:	 	Larry J. Lenhart
	Title:	 	President and Chief Executive Officer

  

			
	AGREED AND ACCEPTED
	
	S&B INVESTMENT MANAGEMENT GROUP, LLC
		
	By:	 	 /s/ Samuel L. Schwerin

	Name:	 	Samuel L. Schwerin
	Title:	 	Managing Member

  

 2Promissory Note issued by the Registrant to Larry J. Lenhart

 Exhibit 10.12 
 PROMISSORY NOTE 
  

			
	$40,000.00	 	As of August 31, 2006

 TRANSFORMA ACQUISITION GROUP INC. (the “Maker”) promises to pay to the
order of Larry J. Lenhart (the “Payee”) the principal sum of Forty Thousand Dollars ($40,000) in lawful money of the United States of America on the terms and conditions described below. 
 1. Principal. The principal balance of this Promissory Note (this “Note”) shall be repayable on the earlier of
(a) September 1, 2007, or (b) the date on which Maker consummates an initial public offering of its securities. 
 2.
Interest. No Interest shall accrue on the unpaid principal balance of this Note. 
 3. Events of Default. Each of the following
shall constitute an “Event of Default”: 
 (a) Failure to Make Required Payments. Failure by Maker to pay the
principal of this Note within five (5) business days following the date when due. A “business day” for these purposes means any weekday on which banking or trust institutions in New York are not authorized generally or
obligated by law, regulation or executive order to close. 
 (b) Voluntary Bankruptcy, Etc. The commencement by Maker of a voluntary
case under the Federal Bankruptcy Code, as now constituted or hereafter amended, or any other applicable federal or state bankruptcy, insolvency, reorganization, rehabilitation or other similar law, or the consent by it to the appointment of or
taking possession by a receiver, liquidator, assignee, trustee, custodian, sequestrator (or other similar official) of Maker or for any substantial part of its property, or the making by it of any assignment for the benefit of creditors, or the
failure of Maker generally to pay its debts as such debts become due, or the taking of corporate action by Maker in furtherance of any of the foregoing. 
 (c) Involuntary Bankruptcy, Etc. The entry of a decree or order for relief by a court having jurisdiction in the premises in respect of Maker in an involuntary case under the Federal Bankruptcy Code, as now
constituted or hereafter amended, or any other applicable federal or state bankruptcy, insolvency or other similar law, or appointing a receiver, liquidator, assignee, custodian, trustee, sequestrator (or similar official) of Maker or for any
substantial part of its property, or ordering the winding-up or liquidation of its affairs, and the continuance of any such decree or order unstayed and in effect for a period of sixty (60) consecutive days. 
 4. Remedies. 
 (a) Upon the occurrence
of an Event of Default specified in Section 3(a), Payee may, by written notice to Maker, declare this Note to be due and payable, whereupon the principal amount of this Note, and all other amounts payable thereunder, shall become immediately
due and payable without presentment, demand, protest or other notice of any kind, all of which are hereby expressly waived, notwithstanding anything contained herein or in the documents evidencing the same to the contrary. 

 (b) Upon the occurrence of an Event of Default specified in Sections 3(b) and 3(c), the unpaid principal
balance of, and all other sums payable with regard to, this Note shall automatically and immediately become due and payable, in all cases without any action on the part of Payee. 
 5. Waivers. Maker and all endorsers and guarantors of, and sureties for, this Note waive presentment for payment, demand, notice of dishonor,
protest, and notice of protest with regard to the Note, all errors, defects and imperfections in any proceedings instituted by Payee under the terms of this Note, and all benefits that might accrue to Maker by virtue of any present or future laws
exempting any property, real or personal, or any part of the proceeds arising from any sale of any such property, from attachment, levy or sale under execution, or providing for any stay of execution, exemption from civil process, or extension of
time for payment. 
 6. Unconditional Liability. Maker and all endorsers and guarantors of, and sureties for, this Note waive all
notices in connection with the delivery, acceptance, performance, default, or enforcement of the payment of this Note, and agree that liability shall be unconditional, without regard to the liability of any other party, and shall not be affected in
any manner by any indulgence, extension of time, renewal, waiver or modification granted or consented to by Payee, and consent to any and all extensions of time, renewals, waivers, or modifications that may be granted by Payee with respect to the
payment or other provisions of this Note, and agree that additional makers, endorsers, guarantors, or sureties may become parties hereto without notice to them or affecting their liability hereunder. 
 7. Notices. Any notice called for hereunder shall be deemed properly given if (a) sent by certified mail, return receipt requested,
(b) personally delivered, (c) dispatched by any form of private or governmental express mail or delivery service providing receipted delivery, or (d) sent by facsimile, to the principal office of Maker or the home address of Payee as
indicated on the books and records of Maker. Notice shall be deemed given on the earlier of (i) actual receipt by the receiving party, (ii) the date shown on a facsimile transmission confirmation, (iii) the date reflected on a signed
delivery receipt, or (iv) two (2) business days following tender of delivery or dispatch by express mail or delivery service. 
 8.
Construction. This Note shall be governed by, construed and enforced in accordance with, the laws of the State of New York, without giving effect to the conflicts of laws principles thereof. 
 9. Severability. Any provision contained in this Note which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be
ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in
any other jurisdiction. 
  

 2 

 IN WITNESS WHEREOF, Maker, intending to be legally bound hereby, has caused this Promissory Note
to be duly executed by the authorized officer named below the day and year first above written. 
  

			
	TRANSFORMA ACQUISITION GROUP INC.
	
	 /s/ Larry J. Lenhart

	By:	 	Larry J. Lenhart
	Title:	 	President and Chief Executive Officer

  

 3Promissory Note issued by the Registrant to Daniel L. Burstein

 Exhibit 10.13 
 PROMISSORY NOTE 
  

			
	$35,000.00	 	As of August 31, 2006

 TRANSFORMA ACQUISITION GROUP INC. (the “Maker”) promises to pay to the
order of Daniel L. Burstein (the “Payee”) the principal sum of Thirty-Five Thousand Dollars ($35,000.00) in lawful money of the United States of America on the terms and conditions described below. 
 1. Principal. The principal balance of this Promissory Note (this “Note”) shall be repayable on the earlier of
(a) September 1, 2007, or (b) the date on which Maker consummates an initial public offering of its securities. 
 2.
Interest. No Interest shall accrue on the unpaid principal balance of this Note. 
 3. Events of Default. Each of the following
shall constitute an “Event of Default”: 
 (a) Failure to Make Required Payments. Failure by Maker to pay the
principal of this Note within five (5) business days following the date when due. A “business day” for these purposes means any weekday on which banking or trust institutions in New York are not authorized generally or
obligated by law, regulation or executive order to close. 
 (b) Voluntary Bankruptcy, Etc. The commencement by Maker of a voluntary
case under the Federal Bankruptcy Code, as now constituted or hereafter amended, or any other applicable federal or state bankruptcy, insolvency, reorganization, rehabilitation or other similar law, or the consent by it to the appointment of or
taking possession by a receiver, liquidator, assignee, trustee, custodian, sequestrator (or other similar official) of Maker or for any substantial part of its property, or the making by it of any assignment for the benefit of creditors, or the
failure of Maker generally to pay its debts as such debts become due, or the taking of corporate action by Maker in furtherance of any of the foregoing. 
 (c) Involuntary Bankruptcy, Etc. The entry of a decree or order for relief by a court having jurisdiction in the premises in respect of Maker in an involuntary case under the Federal Bankruptcy Code, as now
constituted or hereafter amended, or any other applicable federal or state bankruptcy, insolvency or other similar law, or appointing a receiver, liquidator, assignee, custodian, trustee, sequestrator (or similar official) of Maker or for any
substantial part of its property, or ordering the winding-up or liquidation of its affairs, and the continuance of any such decree or order unstayed and in effect for a period of sixty (60) consecutive days. 
 4. Remedies. 
 (a) Upon the occurrence
of an Event of Default specified in Section 3(a), Payee may, by written notice to Maker, declare this Note to be due and payable, whereupon the principal amount of this Note, and all other amounts payable thereunder, shall become 

 immediately due and payable without presentment, demand, protest or other notice of any kind, all of which are hereby
expressly waived, notwithstanding anything contained herein or in the documents evidencing the same to the contrary. 
 (b) Upon the
occurrence of an Event of Default specified in Sections 3(b) and 3(c), the unpaid principal balance of, and all other sums payable with regard to, this Note shall automatically and immediately become due and payable, in all cases without any action
on the part of Payee. 
 5. Waivers. Maker and all endorsers and guarantors of, and sureties for, this Note waive presentment for
payment, demand, notice of dishonor, protest, and notice of protest with regard to the Note, all errors, defects and imperfections in any proceedings instituted by Payee under the terms of this Note, and all benefits that might accrue to Maker by
virtue of any present or future laws exempting any property, real or personal, or any part of the proceeds arising from any sale of any such property, from attachment, levy or sale under execution, or providing for any stay of execution, exemption
from civil process, or extension of time for payment. 
 6. Unconditional Liability. Maker and all endorsers and guarantors of, and
sureties for, this Note waive all notices in connection with the delivery, acceptance, performance, default, or enforcement of the payment of this Note, and agree that liability shall be unconditional, without regard to the liability of any other
party, and shall not be affected in any manner by any indulgence, extension of time, renewal, waiver or modification granted or consented to by Payee, and consent to any and all extensions of time, renewals, waivers, or modifications that may be
granted by Payee with respect to the payment or other provisions of this Note, and agree that additional makers, endorsers, guarantors, or sureties may become parties hereto without notice to them or affecting their liability hereunder. 

7. Notices. Any notice called for hereunder shall be deemed properly given if (a) sent by certified mail, return receipt requested,
(b) personally delivered, (c) dispatched by any form of private or governmental express mail or delivery service providing receipted delivery, or (d) sent by facsimile, to the principal office of Maker or the home address of Payee as
indicated on the books and records of Maker. Notice shall be deemed given on the earlier of (i) actual receipt by the receiving party, (ii) the date shown on a facsimile transmission confirmation, (iii) the date reflected on a signed
delivery receipt, or (iv) two (2) business days following tender of delivery or dispatch by express mail or delivery service. 
 8.
Construction. This Note shall be governed by, construed and enforced in accordance with, the laws of the State of New York, without giving effect to the conflicts of laws principles thereof. 
 9. Severability. Any provision contained in this Note which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be
ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in
any other jurisdiction. 
  

 2 

 IN WITNESS WHEREOF, Maker, intending to be legally bound hereby, has caused this Promissory Note
to be duly executed by the authorized officer named below the day and year first above written. 
  

			
	TRANSFORMA ACQUISITION GROUP INC.
	
	 /s/ Larry J. Lenhart

	By:	 	Larry J. Lenhart
	Title:	 	President and Chief Executive Officer

  

 3

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00109-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00109-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00109-of-00352.parquet"}]]