Document:

Form of Unit Purchase Option to be granted to CRT Capital Group LLC

 Exhibit 4.5 
 THE REGISTERED HOLDER OF THIS PURCHASE OPTION BY ITS ACCEPTANCE HEREOF, AGREES THAT IT WILL NOT SELL, TRANSFER OR ASSIGN THIS PURCHASE OPTION EXCEPT AS HEREIN PROVIDED AND THE REGISTERED HOLDER OF THIS PURCHASE OPTION
AGREES THAT IT WILL NOT SELL, TRANSFER, ASSIGN, PLEDGE OR HYPOTHECATE THIS PURCHASE OPTION FOR A PERIOD OF ONE (1) YEAR FOLLOWING THE EFFECTIVE DATE (DEFINED BELOW) (WHICH SUCH ONE (1) YEAR PERIOD SHALL BE INCLUSIVE OF A 180-DAY LOCK-UP
PERIOD FOLLOWING THE EFFECTIVE DATE PURSUANT TO RULE 2710(G)(1) OF THE CONDUCT RULES OF THE NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. (“NASD”)) TO ANYONE OTHER THAN (1) CRT CAPITAL GROUP LLC (“CRT”) OR
AN UNDERWRITER OR A SELECTED DEALER IN CONNECTION WITH THE OFFERING (DEFINED BELOW), OR (2) A BONA FIDE OFFICER OR PARTNER OF CRT OR OF ANY SUCH UNDERWRITER OR SELECTED DEALER. THIS PURCHASE OPTION IS NOT EXERCISABLE PRIOR TO THE LATER OF
(A) THE CONSUMMATION BY TRANSFORMA ACQUISITION GROUP INC. (“COMPANY”) OF AN ACQUISITION OF ONE OR MORE ASSETS OR CONTROL OF ONE OR MORE OPERATING BUSINESSES THROUGH A MERGER, CAPITAL STOCK EXCHANGE, STOCK PURCHASE, ASSET
ACQUISITION OR OTHER SIMILAR BUSINESS COMBINATION (“BUSINESS COMBINATION”), AND (B)                     , 2007. VOID AFTER 5:00
P.M. NEW YORK CITY LOCAL TIME,                     , 2010. 
 UNIT PURCHASE OPTION 
 FOR THE PURCHASE OF 
 562,500 UNITS 
 OF 
 TRANSFORMA ACQUISITION GROUP INC. 
 1. Purchase Option. 
 THIS CERTIFIES THAT, in consideration of $100.00 duly paid by or on behalf of
                     (“Holder”), as registered owner of this Purchase Option (“Purchase Option”), to Transforma
Acquisition Group Inc. (“Company”), Holder is entitled, at any time or from time to time upon the later of the consummation of a Business Combination or
                    , 2007 (“Commencement Date”), and at or before 5:00 p.m., New York City local time,
                    , 2010 (“Expiration Date”), but not thereafter, to subscribe for, purchase and receive, in whole or in part, up
to 562,500 units (“Units”) of the Company, each Unit consisting of one share of common stock of the Company, par value 

 
$0.0001 per share (“Common Stock”), and one warrant (“Warrant”) expiring four years from the effective date
(“Effective Date”) of the registration statement (“Registration Statement”) pursuant to which Units are offered for sale to the public (“Offering”). Each Warrant is the same as the warrants included
in the Units being registered for sale to the public by way of the Registration Statement (“Public Warrants”), except that Holder is entitled to receive certain “piggy-back” registration rights with respect to the Units
exercisable upon exercise of this Purchase Option, as set forth in Section 5 below. Each Warrant is exercisable for the Company’s Common Stock at an exercise price of $6.00 per share (such exercise price, as it may be adjusted hereunder,
the “Underwriter’s Warrant Price”). If the Expiration Date is a day on which banking institutions are authorized by law to close in New York City, then this Purchase Option may be exercised on the next succeeding day which is
not such a day in accordance with the terms herein. Except as otherwise set forth herein, during the period ending on the Expiration Date, the Company agrees not to take any action that would terminate the Purchase Option. This Purchase Option is
initially exercisable at $10.00 per Unit so purchased; provided, however, that upon the occurrence of any of the events specified in Section 6 hereof, the rights granted by this Purchase Option, including the exercise price per Unit and the
number of Units (and shares of Common Stock and Warrants) to be received upon such exercise, shall be adjusted as therein specified. The term “Exercise Price” shall mean the initial exercise price per Unit or the adjusted exercise
price per Unit, depending on the context. 
 2. Exercise. 
 2.1. Exercise Form. In order to exercise this Purchase Option, the exercise form attached hereto must be duly executed and completed and delivered
to the Company, together with this Purchase Option and payment of the Exercise Price for the Units being purchased payable in cash or by certified check or official bank check. If the subscription rights represented hereby shall not be exercised at
or before 5:00 p.m., New York City local time, on the Expiration Date, this Purchase Option shall become and be void without further force or effect, and all rights represented hereby shall cease and expire. 
 2.2. Limitations. Notwithstanding the foregoing, the Company shall not be obligated to deliver any securities pursuant to the exercise of a
Purchase Option and shall have no obligation to settle the Purchase Option exercise unless a registration statement under the Securities Act of 1933, as amended (the “Securities Act”), with respect to the securities underlying the
Purchase Option is effective and a current prospectus is on file with the Securities and Exchange Commission (the “Commission”). In the event that a registration statement with respect to the securities underlying a Purchase Option
is not effective under the Securities Act or a current prospectus is not on file with the Commission, the holder of such Purchase Option shall not be entitled to exercise such Purchase Option. Notwithstanding anything to the contrary in this
Purchase Option, 

  

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under no circumstances will the Company be required to net cash settle any exercise of the Purchase Option. The Purchase Option may not be exercised by, or
securities underlying such Purchase Option issued to, any registered holder in any state in which such exercise or issuance would be unlawful. For the avoidance of doubt, as a result of this Section 2.2, any or all of the Purchase Option may
expire unexercised. In no event shall the registered Holder of this Purchase Option be entitled to receive any monetary damages if the securities underlying this Purchase Option have not been registered by the Company pursuant to an effective
registration statement or if a current prospectus is not on file with the Commission, provided the Company has fulfilled its obligation to use its best efforts to effect such registration and ensure a current prospectus is on file with the
Commission. 
 3. Transfer. 
 3.1. General Restrictions. The registered Holder of this Purchase Option, by its acceptance hereof, agrees that it will not sell, transfer, assign, pledge or hypothecate, or enter into any hedging, short sale, derivative, put, or
call transaction that would result in the effective economic disposition of, this Purchase Option for a period of one (1) year following the Effective Date (which such one (1) year period shall be inclusive of a 180-day lock-up period
following the Effective Date pursuant to Rule 2710(g)(1) of the NASD Conduct Rules) to anyone other than (a) CRT or an underwriter or a selected dealer in connection with the Offering, or (b) a bona fide officer or partner of CRT or of any
such underwriter or selected dealer. On and after such one (1) year period following the Effective Date, transfers to others may be made subject to compliance with or exemptions from applicable securities laws. In order to make any permitted
assignment, the Holder must deliver to the Company the assignment form attached hereto duly executed and completed, together with the Purchase Option and payment of all transfer taxes, if any, payable in connection therewith, and the permitted
transferee must agree in writing to be bound by the obligations of Holder hereunder. The Company shall within five (5) business days transfer this Purchase Option on the books of the Company and shall execute and deliver a new Purchase Option
or Purchase Options of like tenor to the appropriate assignee(s) expressly evidencing the right to purchase the aggregate number of Units purchasable hereunder or such portion of such number as shall be contemplated by any such assignment.

 3.2. Restrictions Imposed by the Securities Act. The securities evidenced by this Purchase Option shall not be transferred unless
and until (a) the Company has received the opinion of counsel for the Holder that the securities may be transferred pursuant to an exemption from registration under the Securities Act and applicable state securities laws, the availability of
which is established to the reasonable satisfaction of the Company (the Company hereby agreeing that the opinion of Sidley Austin LLP shall be deemed satisfactory evidence of the availability of an exemption), or (b) a registration statement or
a post-effective amendment to the Registration Statement relating to such 

  

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securities has been filed by the Company and declared effective by the Commission and compliance with applicable state securities law has been established.

 4. New Purchase Options to be Issued. 
 4.1. Partial Exercise or Transfer. Subject to the restrictions in Section 3 hereof, this Purchase Option may be exercised or assigned in whole or in part. In the event of the exercise or assignment hereof
in part only, upon surrender of this Purchase Option for cancellation, together with the duly executed exercise or assignment form and funds sufficient to pay any Exercise Price and/or transfer tax, the Company shall cause to be delivered to the
Holder without charge a new Purchase Option of like tenor to this Purchase Option in the name of the Holder evidencing the right of the Holder to purchase the number of Units purchasable hereunder as to which this Purchase Option has not been
exercised or assigned. 
 4.2. Lost Certificate. Upon receipt by the Company of evidence satisfactory to it of the loss, theft,
destruction or mutilation of this Purchase Option and of reasonably satisfactory indemnification or the posting of a bond, the Company shall execute and deliver a new Purchase Option of like tenor and date. Any such new Purchase Option executed and
delivered as a result of such loss, theft, mutilation or destruction shall constitute a substitute contractual obligation on the part of the Company. 
 5. Piggy-Back Registration Rights; General Terms. 
 5.1. Piggy-Back Registration. 

5.1.1. Piggy-Back Rights. If at any time during the seven (7) year period commencing on the Effective Date the Company
proposes to file a registration statement under the Securities Act with respect to an offering of equity securities, or securities or other obligations exercisable or exchangeable for, or convertible into, equity securities, by the Company for its
own account or for stockholders of the Company for their account (or by the Company and by stockholders of the Company including, without limitation, pursuant to Section 5.1), other than a registration statement (a) on Form S-4 or S-8, or
their successors, (b) covering only securities proposed to be issued in exchange for securities or assets of another entity, (c) for an exchange offer or offering of securities solely to the Company’s existing stockholders,
(d) for an offering of debt that is convertible into equity securities of the Company, or (e) for a dividend reinvestment plan, then the Company shall (i) give written notice of such proposed filing to the holders of the securities
underlying the Purchase Option, including the Units, Common Stock, the Warrants and the Common Stock underlying the Warrants (collectively, the “Registrable Securities”) as soon as practicable but in no event less than ten
(10) days before the anticipated filing date, which notice shall describe the amount and type of securities to be included in such offering, the 

  

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intended method(s) of distribution, and the name of the proposed managing underwriter or underwriters, if any, of the offering, and (ii) offer to the
holders of Registrable Securities in such notice the opportunity to register the sale of such number of shares of Registrable Securities as such holders may request in writing within ten (10) days following receipt of such notice (a
“Piggy-Back Registration”). The Company shall cause such Registrable Securities to be included in such registration and shall use its best efforts to cause the managing underwriter or underwriters of a proposed underwritten offering
to permit the Registrable Securities requested to be included in a Piggy-Back Registration on the same terms and conditions as any similar securities of the Company and to permit the sale or other disposition of such Registrable Securities in
accordance with the intended method(s) of distribution thereof. All holders of Registrable Securities proposing to distribute their securities through a Piggy-Back Registration that involves an underwriter or underwriters shall enter into an
underwriting agreement in customary form with the underwriter or underwriters selected for such Piggy-Back Registration. 
 5.1.2. Reduction of Offering. If the managing underwriter or underwriters for a Piggy-Back Registration that is to be an underwritten offering advises the Company and the holders of Registrable Securities in writing that the dollar
amount or number of shares of Common Stock which the Company desires to sell, taken together with shares of Common Stock, if any, as to which registration has been demanded pursuant to written contractual arrangements with persons other than the
holders of Registrable Securities hereunder, the Registrable Securities as to which registration has been requested under this Section 5.1, and the shares of Common Stock, if any, as to which registration has been requested pursuant to the
written contractual piggy-back registration rights of other stockholders of the Company, exceeds the maximum dollar amount or maximum number of shares that can be sold in such offering without adversely affecting the proposed offering price, the
timing, the distribution method, or the probability of success of such offering (such maximum dollar amount or maximum number of shares, as applicable, the “Maximum Number of Shares”), then the Company shall include in any such
registration: 
 (a) If the registration is undertaken for the Company’s account: (i) first, the shares of Common
Stock or other securities that the Company desires to sell that can be sold without exceeding the Maximum Number of Shares; (ii) second, to the extent that the Maximum Number of Shares has not been reached under the foregoing clause (i), the
shares of Common Stock or other securities, if any, comprised of the shares of Common Stock or other securities registrable pursuant to the terms of the Registration Rights Agreement between the Company and the initial investors in the Company,
dated as of                     , 2006 (the 

  

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“Registration Rights Agreement” and such registrable securities, the “Investor Securities”) pursuant to the applicable
written contractual piggy-back registration rights of such security holders (pro rata in accordance with the number of shares that each such person has requested be included in such registration, regardless of the number of shares held by each such
person (such proportion is referred to herein as “Pro Rata”)), that can be sold without exceeding the Maximum Number of Shares; (iii) third, to the extent that the Maximum Number of Shares has not been reached under the
foregoing clauses (i) and (ii), the shares of Common Stock or other securities, if any, comprised of Registrable Securities, as to which registration has been requested pursuant to the applicable written contractual piggy-back registration
rights of such security holders, Pro Rata, that can be sold without exceeding the Maximum Number of Shares; and (iv) fourth, to the extent that the Maximum Number of shares has not been reached under the foregoing clauses (i), (ii) and
(iii), the shares of Common Stock or other securities, if any, for the account of other persons that the Company is obligated to register pursuant to written contractual piggy-back registration rights with such persons and that can be sold without
exceeding the Maximum Number of Shares; 
 (b) If the registration is a “demand” registration undertaken at
the demand of holders of Investor Securities, (i) first, the shares of Common Stock or other securities, if any, for the account of the demanding persons, Pro Rata, that can be sold without exceeding the Maximum Number of Shares;
(ii) second, to the extent that the Maximum Number of Shares has not been reached under the foregoing clause (i), the shares of Common Stock or other securities, if any, that the Company desires to sell that can be sold without exceeding the
Maximum Number of Shares; (iii) third, to the extent that the Maximum Number of Shares has not been reached under the foregoing clauses (i) and (ii), the shares of Common Stock or other securities, if any, comprised of Registrable
Securities, as to which registration has been requested pursuant to the applicable written contractual piggy-back registration rights of such security holders, Pro Rata, that can be sold without exceeding the Maximum Number of Shares; and
(iv) fourth, to the extent that the Maximum Number of Shares has not been reached under the foregoing clauses (i), (ii) and (iii), the shares of Common Stock or other securities, if any, for the account of other persons that the Company is
obligated to register pursuant to written contractual arrangements with such persons, that can be sold without exceeding the Maximum Number of Shares; and 
 (c) If the registration is a “demand” registration undertaken at the demand of persons other than the holders of Investor Securities, (i)

  

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first, the shares of Common Stock or other securities, if any, for the account of the demanding persons that can be sold without exceeding the Maximum Number
of Shares; (ii) second, to the extent that the Maximum Number of Shares has not been reached under the foregoing clause (i), the shares of Common Stock or other securities, if any, that the Company desires to sell that can be sold without
exceeding the Maximum Number of Shares; (iii) third, to the extent that the Maximum Number of Shares has not been reached under the foregoing clauses (i) and (ii), the shares of Common Stock or other securities, if any, comprised of
Investor Securities, as to which registration has been requested pursuant to the applicable written contractual piggy-back registration rights of such security holders, Pro Rata, that can be sold without exceeding the Maximum Number of Shares;
(iv) fourth, to the extent that the Maximum Number of Shares has not been reached under the foregoing clauses (i), (ii) and (iii), the shares of Common Stock or other securities, if any, comprised of Registrable Securities, as to which
registration has been requested pursuant to the applicable written contractual piggy-back registration rights of such security holders, Pro Rata, that can be sold without exceeding the Maximum Number of Shares; and (v) fifth, to the extent that
the Maximum Number of Shares has not been reached under the foregoing clauses (i), (ii), (iii) and (iv), the shares of Common Stock or other securities, if any, for the account of other persons that the Company is obligated to register pursuant
to written contractual arrangements with such persons, that can be sold without exceeding the Maximum Number of Shares. 
 5.1.3. Withdrawal. Any holder of Registrable Securities may elect to withdraw such holder’s request for inclusion of Registrable Securities in any Piggy-Back Registration by giving written notice to the Company of such request
to withdraw prior to the effectiveness of the registration statement. The Company (whether on its own determination or as the result of a withdrawal by persons making a demand pursuant to written contractual obligations) may withdraw a registration
statement at any time prior to the effectiveness of the registration statement. Notwithstanding any such withdrawal by the Company, the Company shall pay all expenses incurred by the holders of Registrable Securities in connection with such
Piggy-Back Registration as provided in Section 5.1.4. 
 5.1.4. Terms. The Company shall bear all fees and
expenses attendant to registering the Registrable Securities, including the expenses of any legal counsel selected by the Holders to represent them in connection with the sale of the Registrable Securities but the Holders shall pay any and all
underwriting commissions related to the Registrable Securities. In the event of such a proposed registration, the Company shall furnish the then Holders of outstanding 

  

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Registrable Securities with not less than ten (10) days written notice prior to the proposed date of filing of such registration statement. Such notice
to the Holders shall continue to be given for each applicable registration statement filed (during the period in which the Purchase Option is exercisable) by the Company until such time as all of the Registrable Securities have been registered and
sold. The Holders of the Registrable Securities shall exercise the “piggy-back” rights provided for herein by giving written notice, within ten (10) days of the receipt of the Company’s notice of its intention to file a
registration statement. The Company shall use its reasonable best efforts to cause any registration statement filed pursuant to the above “piggy-back” rights to remain effective for at least nine months from the date that the Holders of
the Registrable Securities are first given the opportunity to sell all of such securities. 
 5.1.5. Permitted Delays.
The Company shall be entitled to postpone, for up to sixty (60) days (but not for more than one hundred eighty (180) days in any calendar year), the filing of any registration statement under this Section 5.1, if (a) at any time
prior to the filing of such registration statement the Company’s Board of Directors determines, in its good faith business judgment, that such registration and offering would materially and adversely affect any financing, acquisition, corporate
reorganization, or other material transaction involving the Company, and (b) the Company delivers to the Holders of the Registrable Securities exercising their “piggy-back” rights written notice thereof within five (5) business
days of the date of receipt by the Company of such requests for Piggy-Back Registration. 
 5.2. General Terms. 
 5.2.1. Indemnification. The Company shall indemnify the Holder(s) of the Registrable Securities to be sold pursuant to any
registration statement hereunder and each person, if any, who controls such Holders within the meaning of Section 15 of the Securities Act or Section 20(a) of the Securities Exchange Act of 1934, as amended (“Exchange
Act”), against all loss, claim, damage, expense or liability (including all reasonable attorneys’ fees and other expenses reasonably incurred in investigating, preparing or defending against litigation, commenced or threatened, or any
claim whatsoever whether arising out of any action between the underwriter and the Company or between the underwriter and any third party or otherwise) to which any of them may become subject under the Securities Act, the Exchange Act or otherwise,
arising from such registration statement, but only to the same extent and with the same effect as the provisions pursuant to which the Company has agreed to indemnify the underwriter contained in Section
             of the Underwriting Agreement among the Company, CRT and Banc of America Securities LLC, dated the Effective Date. The Holder(s) of the Registrable Securities to be sold
pursuant to such registration 

  

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statement, and their successors and assigns, shall severally, and not jointly, indemnify the Company, its officers and directors and each person, if any, who
controls the Company within the meaning of Section 15 of the Securities Act or Section 20(a) of the Exchange Act, against all loss, claim, damage, expense or liability (including all reasonable attorneys’ fees and other expenses
reasonably incurred in investigating, preparing or defending against any claim whatsoever) to which they may become subject under the Securities Act, the Exchange Act or otherwise, arising from information furnished by or on behalf of such Holders,
or their successors or assigns, in writing, for specific inclusion in such registration statement to the same extent and with the same effect as the provisions contained in Section
             of the Underwriting Agreement pursuant to which the underwriter has agreed to indemnify the Company. 
 5.2.2. Exercise of Purchase Options. Nothing contained in this Purchase Option shall be construed as requiring the Holder(s) to
exercise their Purchase Options or Warrants underlying such Purchase Options prior to or after the initial filing of any registration statement or the effectiveness thereof. 
 5.2.3. Confidentiality. Notwithstanding any provision contained herein to the contrary, the Company shall not be required to
disclose any confidential information or other records to the Holders, or to any other person, until and unless such persons shall have entered into reasonable confidentiality agreements (in form and substance reasonably satisfactory to the
Company), with the Company with respect thereto. 
 5.2.4. Documents Delivered to Holders. The Company shall furnish to
the Holders participating in any of the foregoing offerings, a signed counterpart, addressed to the participating Holders, of (a) an opinion of counsel to the Company, dated the effective date of such registration statement (and, if such
registration includes an underwritten public offering, an opinion dated the date of the closing under any underwriting agreement related thereto), and (b) a “cold comfort” letter dated the effective date of such registration statement
(and, if such registration includes an underwritten public offering, a letter dated the date of the closing under the underwriting agreement) signed by the independent public accountants who have issued a report on the Company’s financial
statements included in such registration statement, in each case covering substantially the same matters with respect to such registration statement (and the prospectus included therein) and, in the case of such accountants’ letter, with
respect to events subsequent to the date of such financial statements, as are customarily covered in opinions of issuer’s counsel and in accountants’ letters delivered to underwriters in underwritten public offerings of securities. The
Company shall also deliver promptly to the Holders participating in the offering, the correspondence and memoranda described below and copies of all 

  

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correspondence between the Commission and the Company, its counsel or auditors and all memoranda relating to discussions with the Commission or its staff
with respect to the registration statement and permit the Holders, to do such investigation, upon reasonable advance notice, with respect to information contained in or omitted from the registration statement as it deems reasonably necessary to
comply with applicable securities laws or rules of the NASD. Such investigation shall include access to books, records and properties and opportunities to discuss the business of the Company with its officers and independent auditors, all to such
reasonable extent and at such reasonable times and as often as the Holders shall reasonably request. 
 5.3. Underwriting Agreement.
To the extent requested by any managing underwriter, the Holders shall be parties to any underwriting agreement relating to an underwritten sale of their Registrable Securities. Such Holders shall not be required to make any representations or
warranties to or agreements with the Company or the underwriters except as they may relate to the identification of such Holders and their intended methods of distribution of such Registrable Securities. Such Holders, however, shall agree to such
covenants and indemnification and contribution obligations for selling stockholders as are customarily contained in agreements of that type used by the managing underwriter. Further, such Holders shall execute appropriate custody agreements and
otherwise cooperate fully in the preparation of the registration statement and other documents relating to any offering in which they include securities pursuant to this Section 5. Each Holder shall also furnish to the Company such information
regarding itself, the Registrable Securities held by it, and the intended method of disposition of such securities as shall be reasonably required to effect the registration of the Registrable Securities. 
 5.3.1. Rule 144 Sale. Notwithstanding anything contained in this Section 5 to the contrary, the Company shall have no
obligation pursuant to Section 5.1 for the registration of Registrable Securities held by any Holder (a) where such Holder would then be entitled to sell under Rule 144 within any three-month period (or such other period prescribed under
Rule 144 as may be provided by amendment thereof) all of the Registrable Securities then held by such Holder, and (b) where the number of Registrable Securities held by such Holder is within the volume limitations under paragraph (e) of
Rule 144 (calculated as if such Holder were an affiliate within the meaning of Rule 144). 
 5.3.2. Supplemental
Prospectus. Each Holder agrees, that upon receipt of any notice from the Company of the happening of any event as a result of which the prospectus included in the registration statement, as then in effect, includes an untrue statement of a
material fact or omits to state a material fact required to be stated therein or necessary to make the statements therein not misleading in light of the circumstances then existing, such Holder will immediately discontinue 

  

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disposition of Registrable Securities pursuant to the registration statement covering such Registrable Securities until such Holder’s receipt of the
copies of a supplemental or amended prospectus, and, if so desired by the Company, such Holder shall deliver to the Company (at the expense of the Company) or destroy (and deliver to the Company a certificate of such destruction) all copies, other
than permanent file copies then in such Holder’s possession, of the prospectus covering such Registrable Securities current at the time of receipt of such notice. 
 6. Adjustments. 
 6.1. Adjustments to Exercise Price and Number of Securities. The Exercise
Price and the number of Units underlying the Purchase Option shall be subject to adjustment from time to time as hereinafter set forth: 
 6.1.1. Stock Dividends—Split-Ups. If after the date hereof, and subject to the provisions of Section 6.3 below, the number of outstanding shares of Common Stock is increased by a stock dividend
payable in shares of Common Stock, or by a split-up of shares of Common Stock or other similar event, then, on the effective date thereof, the number of shares of Common Stock underlying each of the Units purchasable hereunder shall be increased in
proportion to such increase in outstanding shares. In such case, the number of shares of Common Stock, and the exercise price applicable thereto, underlying the Warrants underlying each of the Units purchasable hereunder shall be adjusted in
accordance with the terms of the Warrants. For example, if the Company declares a two-for-one stock dividend and at the time of such dividend this Purchase Option is for the purchase of one Unit at $10.00 per whole Unit (each Warrant underlying the
Units is exercisable for $6.00 per share), upon effectiveness of the dividend, this Purchase Option will be adjusted to allow for the purchase of one Unit at $10.00 per Unit, each Unit entitling the holder to receive two shares of Common Stock and
two Warrants (each Warrant exercisable for $3.00 per share). 
 6.1.2. Extraordinary Dividend. If the Company, at any
time while this Purchase Option is outstanding and unexpired, shall pay a dividend or make a distribution in cash, securities or other assets to the holders of Common Stock (or other shares of the Company’s capital stock receivable upon
exercise of the Purchase Option), other than (a) as described in Sections 6.1.1, 6.1.3 or 6.1.4, (b) regular quarterly or other periodic dividends, (c) in connection with the conversion rights of the holders of Common Stock upon
consummation of the Company’s initial Business Combination, or (d) in connection with the Company’s liquidation and the distribution of its assets upon its failure to consummate a Business Combination (any such non-excluded event
being referred to herein as an “Extraordinary Dividend”), then the Exercise Price shall be decreased, effective immediately after the effective date of such Extraordinary Dividend, by the amount of cash and/or the fair market value
(as determined by the Company’s 

  

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Board of Directors, in good faith) of any securities or other assets paid on each share of Common Stock in respect of such Extraordinary Dividend.

 6.1.3. Aggregation of Shares. If after the date hereof, and subject to the provisions of Section 6.3, the
number of outstanding shares of Common Stock is decreased by a consolidation, combination or reclassification of shares of Common Stock or other similar event, then, on the effective date thereof, the number of shares of Common Stock underlying each
of the Units purchasable hereunder shall be decreased in proportion to such decrease in outstanding shares. In such case, the number of shares of Common Stock, and the exercise price applicable thereto, underlying the Warrants underlying each of the
Units purchasable hereunder shall be adjusted in accordance with the terms of the Warrants. 
 6.1.4. Replacement of
Securities upon Reorganization, etc. In case of any reclassification or reorganization of the outstanding shares of Common Stock other than a change covered by Section 6.1.1 or 6.1.3 hereof or that solely affects the par value of such
shares of Common Stock, or in the case of any merger or consolidation of the Company with or into another corporation (other than a consolidation or merger in which the Company is the continuing corporation and that does not result in any
reclassification or reorganization of the outstanding shares of Common Stock), or in the case of any sale or conveyance to another corporation or entity of the property of the Company as an entirety or substantially as an entirety in connection with
which the Company is dissolved, the Holder of this Purchase Option shall have the right thereafter (until the expiration of the right of exercise of this Purchase Option) to receive upon the exercise hereof, for the same aggregate Exercise Price
payable hereunder immediately prior to such event, the kind and amount of shares of stock or other securities or property (including cash) receivable upon such reclassification, reorganization, merger or consolidation, or upon a dissolution
following any such sale or transfer, by a Holder of the number of shares of Common Stock of the Company obtainable upon exercise of this Purchase Option and the underlying Warrants immediately prior to such event; and if any reclassification also
results in a change in shares of Common Stock covered by Section 6.1.1 or 6.1.3, then such adjustment shall be made pursuant to Sections 6.1.1, 6.1.3 and this Section 6.1.4. The provisions of this Section 6.1.4 shall similarly apply
to successive reclassifications, reorganizations, mergers or consolidations, sales or other transfers. Notwithstanding the foregoing or any contrary provision contained herein, upon the written request of the Company, Holder agrees that, in the
event of any transaction contemplated by this Section 6.1.4 in which the sole consideration is cash, either (a) Holder shall exercise this Purchase Option and such exercise will be deemed effective immediately prior to the consummation of

  

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such transaction, or (b) if Holder elects not to exercise this Purchase Option, this Purchase Option will expire upon consummation of such transaction.

 6.1.5. Changes in Form of Purchase Option. This form of Purchase Option need not be changed because of any change
pursuant to this Section, and Purchase Options issued after such change may state the same Exercise Price and the same number of Units as are stated in the Purchase Options initially issued pursuant to this Agreement. The acceptance by any Holder of
the issuance of new Purchase Options reflecting a required or permissive change shall not be deemed to waive any rights to an adjustment occurring after the Commencement Date or the computation thereof. 
 6.1.6. Adjustments of Warrants. To the extent the price of the Warrants is lowered pursuant to Section
             of the Warrant Agreement, dated             , 2006, between the Company and Continental Stock
Transfer & Trust Company (the “Warrant Agreement”), the price of the Warrants underlying the Purchase Option shall be reduced equally, subject to any limitations and conditions that may be imposed by NASD Corporate
Financing Rule 2710 and any such reduction must remain in effect for at least twenty (20) business days. To the extent the duration of the Warrants is extended pursuant to Section
             of the Warrant Agreement, the duration of the Warrants underlying the Purchase Option shall be extended on identical terms, subject to any limitations that may be
imposed by NASD Corporate Financing Rule 2710. 
 6.2. Substitute Purchase Option. In case of any consolidation of the Company with,
or merger of the Company with, or merger of the Company into, another corporation (other than a consolidation or merger which does not result in any reclassification or change of the outstanding Common Stock), the corporation formed by such
consolidation or merger shall execute and deliver to the Holder a supplemental Purchase Option providing that the holder of each Purchase Option then outstanding or to be outstanding shall have the right thereafter (until the stated expiration of
such Purchase Option) to receive, upon exercise of such Purchase Option, the kind and amount of shares of stock and other securities and property receivable upon such consolidation or merger, by a holder of the number of shares of Common Stock of
the Company for which such Purchase Option might have been exercised immediately prior to such consolidation, merger, sale or transfer. Such supplemental Purchase Option shall provide for adjustments which shall be identical to the adjustments
provided in Section 6. The above provision of this Section shall similarly apply to successive consolidations or mergers. 
 6.3.
Elimination of Fractional Interests. The Company shall not be required to issue certificates representing fractions of shares of Common Stock or Warrants upon the exercise of the Purchase Option, nor shall it be required to issue scrip or pay
cash in lieu of any fractional interests, it being the intent of the parties that all fractional interests shall 

  

 13 

 
be eliminated by rounding any fraction up to the nearest whole number of Warrants, shares of Common Stock or other securities, properties or rights.

 7. Reservation and Listing. The Company shall at all times reserve and keep available out of its authorized shares of Common Stock,
solely for the purpose of issuance upon exercise of the Purchase Options or the Warrants underlying the Purchase Option, such number of shares of Common Stock or other securities, properties or rights as shall be issuable upon the exercise thereof.
The Company covenants and agrees that, upon exercise of the Purchase Options and payment of the Exercise Price therefor, all shares of Common Stock and other securities issuable upon such exercise shall be duly and validly issued, fully paid and
non-assessable and not subject to preemptive rights of any stockholder. The Company further covenants and agrees that upon exercise of the Warrants underlying the Purchase Options and payment of the respective Warrant exercise price therefor, all
shares of Common Stock and other securities issuable upon such exercise shall be duly and validly issued, fully paid and non-assessable and not subject to preemptive rights of any stockholder. As long as the Purchase Options shall be outstanding,
the Company shall use its best efforts to cause all (a) Units and shares of Common Stock issuable upon exercise of the Purchase Options, (b) Warrants issuable upon exercise of the Purchase Options, and (c) shares of Common Stock
issuable upon exercise of the Warrants included in the Units issuable upon exercise of the Purchase Option to be listed (subject to official notice of issuance) on all securities exchanges (or, if applicable, on the Nasdaq National Market, SmallCap
Market, OTC Bulletin Board or any successor trading market) on which the Units, the Common Stock or the Public Warrants issued to the public in connection herewith may then be listed and/or quoted. 
 8. Certain Notice Requirements. 
 8.1. Holder’s Right to Receive Notice. Nothing herein shall be construed as conferring upon the Holders the right to vote or consent as a stockholder for the election of directors or any other matter, or as having any rights
whatsoever as a stockholder of the Company. If, however, at any time prior to the expiration of the Purchase Options and their exercise, any of the events described in Section 8.2 shall occur, then, in one or more of said events, the Company
shall give written notice of such event at least fifteen (15) days prior to the date fixed as a record date or the date of closing the transfer books for the determination of the stockholders entitled to such dividend, distribution, conversion
or exchange of securities or subscription rights, or entitled to vote on such proposed dissolution, liquidation, winding up or sale. Such notice shall specify such record date or the date of the closing of the transfer books, as the case may be.
Notwithstanding the foregoing, the Company shall deliver to each Holder a copy of each notice given to the other stockholders of the Company at the same time and in the same manner that such notice is given to the stockholders. 
 8.2. Events Requiring Notice. The Company shall be required to give the notice described in this Section 8 upon one or more of the following
events: (a) if the 

  

 14 

 
Company shall take a record of the holders of its shares of Common Stock for the purpose of entitling them to receive a dividend or distribution payable
otherwise than in cash, or a cash dividend or distribution payable otherwise than out of retained earnings, as indicated by the accounting treatment of such dividend or distribution on the books of the Company, or (b) the Company shall offer to
all the holders of its Common Stock any additional shares of capital stock of the Company or securities convertible into or exchangeable for shares of capital stock of the Company, or any option, right or warrant to subscribe therefor, or (c) a
dissolution, liquidation or winding up of the Company (other than in connection with a consolidation or merger) or a sale of all or substantially all of its property, assets and business shall be proposed. 
 8.3. Notice of Change in Exercise Price. The Company shall, promptly after an event requiring a change in the Exercise Price pursuant to
Section 6 hereof, send notice to the Holders of such event and change (“Price Notice”). The Price Notice shall describe the event causing the change and the method of calculating same and shall be certified as being true and
accurate by the Company’s President and Treasurer. 
 8.4. Transmittal of Notices. All notices, requests, consents and other
communications under this Purchase Option shall be in writing and shall be deemed to have been duly made when hand delivered, or mailed by express mail or private courier service: (a) if to the registered Holder of the Purchase Option, to the
address of such Holder as shown on the books of the Company, or (b) if to the Company, to the following address or to such other address as the Company may designate by notice to the Holders: 
 Transforma Acquisition Group Inc. 
 350 Park
Avenue, 10th Floor 
 New York, NY 10022 
 Attn: Chief Executive Officer 
 9. Miscellaneous. 
 9.1.
Amendments. The Company may from time to time supplement or amend this Purchase Option without the approval of any of the Holders in order to cure any ambiguity, to correct or supplement any provision contained herein that may be defective or
inconsistent with any other provisions herein, or to make any other provisions in regard to matters or questions arising hereunder that the Company may deem necessary or desirable and that the Company, in the exercise of reasonable judgment,
determines that it shall not adversely affect the interest of the Holders. All other modifications or amendments shall require the written consent of and be signed by the party against whom enforcement of the modification or amendment is sought.

 9.2. Headings. The headings contained herein are for the sole purpose of convenience of reference, and shall not in any way limit
or affect the meaning or interpretation of any of the terms or provisions of this Purchase Option. 
  

 15 

 9.3. Entire Agreement. This Purchase Option (together with the other agreements and documents
being delivered pursuant to or in connection with this Purchase Option) constitutes the entire agreement of the parties hereto with respect to the subject matter hereof, and supersedes all prior agreements and understandings of the parties, oral and
written, with respect to the subject matter hereof. 
 9.4. Binding Effect. This Purchase Option shall inure solely to the benefit of
and shall be binding upon, the Holder and the Company and their permitted assignees, respective successors, legal representative and assigns, and no other person shall have or be construed to have any legal or equitable right, remedy or claim under
or in respect of or by virtue of this Purchase Option or any provisions herein contained. 
 9.5. Governing Law; Submission to
Jurisdiction. This Purchase Option shall be governed by and construed and enforced in accordance with the laws of the State of New York, without giving effect to conflict of laws principles thereof. The Company hereby agrees that any action,
proceeding or claim against it arising out of, or relating in any way to this Purchase Option shall be brought and enforced in the courts of the State of New York or the United States District Court for the Southern District of New York, and
irrevocably submits to such jurisdiction, which jurisdiction shall be exclusive (to the extent permitted by applicable law). The Company hereby waives any objection that such courts represent an inconvenient forum. Any process or summons to be
served upon the Company may be served by transmitting a copy thereof by registered or certified mail, return receipt requested, postage prepaid, addressed to it at the address set forth in Section 8 hereof. Such mailing shall be deemed personal
service and shall be legal and binding upon the Company in any action, proceeding or claim. The Company and the Holder agree that the prevailing party(ies) in any such action shall be entitled to recover from the other party(ies) all of its
reasonable attorneys’ fees and expenses relating to such action or proceeding and/or incurred in connection with the preparation therefor. 
 9.6. Waiver of Trial by Jury. Each of the Company and Holder hereby irrevocably and unconditionally waives the right to a trial by jury in any action, suit, counterclaim or other proceeding (whether based on contract, tort or
otherwise) arising out of, connected with or relating to this Agreement and the transactions contemplated hereby. 
 9.7. Waiver, Etc.
The failure of the Company or the Holder to at any time enforce any of the provisions of this Purchase Option shall not be deemed or construed to be a waiver of any such provision, nor to in any way affect the validity of this Purchase Option or any
provision hereof or the right of the Company or any Holder to thereafter enforce each and every provision of this Purchase Option. No waiver of any breach, non-compliance or non-fulfillment of any of the provisions of this Purchase Option shall be
effective unless set forth in a written instrument executed by the party or parties against whom or which enforcement of such waiver is sought; and no waiver of any such breach, 

  

 16 

 
non-compliance or non- fulfillment shall be construed or deemed to be a waiver of any other or subsequent breach or non-compliance. 
 9.8. Execution in Counterparts. This Purchase Option may be executed in one or more counterparts, and by the different parties hereto in separate
counterparts, each of which shall be deemed to be an original, but all of which taken together shall constitute one and the same agreement, and shall become effective when one or more counterparts has been signed by each of the parties hereto and
delivered to each of the other parties hereto. 
 [Remainder of page intentionally left blank] 
  

 17 

 IN WITNESS WHEREOF, the Company has caused this Purchase Option to be signed by its duly authorized
officer as of the                      day of
                    , 2006. 
  

			
	 TRANSFORMA ACQUISITION GROUP INC.

		
	 By:
	 	  
		 	 Larry J. Lenhart

		 	 President and Chief Executive Officer

  

 18 

 Form to be used to exercise Purchase Option: 
 Transforma Acquisition Group Inc. 
 350 Park Avenue, 10th Floor 
 New York, NY 10022 
 Date:
                                        ,
200     
 The undersigned hereby elects irrevocably to exercise [all/a portion] of the within Purchase Option and
to purchase              Units of Transforma Acquisition Group Inc. and hereby makes payment of $• (at the rate of $• per Unit) in payment of the Exercise Price pursuant
thereto. Please issue the Common Stock and Warrants as to which this Purchase Option is exercised in accordance with the instructions given below. 
 NOTICE: The signature to this exercise notice must correspond with the name as written upon the face of the Purchase Option in every particular, without alteration or any change whatever. 
  

	
	
	   
	 Signature(s) Guaranteed:

 THE SIGNATURE(S) SHOULD BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS,
STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM, PURSUANT TO S.E.C. RULE 17Ad-15). 
  

 19 

 INSTRUCTIONS FOR REGISTRATION OF SECURITIES 
  

	
	
	
	   
	 Name

	
	   
	 (Print in Block Letters)

	
	   
	
	   
	 Address

  

 20 

 Form to be used to assign Purchase Option: 
 ASSIGNMENT 
 (To be executed by the registered Holder 
 to effect a transfer of the within Purchase Option): 
 FOR VALUE RECEIVED,                      does hereby sell, assign and transfer unto
                     the right to purchase
                     Units of Transforma Acquisition Group Inc. (“Company”) evidenced by the within Purchase Option and does hereby
authorize the Company to transfer such right on the books of the Company. 
  

	Dated:	                    , 200    

  

	
	
	   
	 Signature

 NOTICE: The signature to this assignment must correspond with the name as written upon the
face of the Purchase Option in every particular, without alteration or any change whatever. 
  

	
	
	   
	 Signature(s) Guaranteed:

 THE SIGNATURE(S) SHOULD BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS,
STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM, PURSUANT TO S.E.C. RULE 17Ad-15). 
  

 21Form of Investment Management Trust Agreement

 Exhibit 10.10 
 INVESTMENT MANAGEMENT TRUST AGREEMENT 
 This Agreement is made as of
[            ] [__], 2006, by and between Transforma Acquisition Group Inc. (the “Company”) and Continental Stock Transfer & Trust Company (the
“Trustee”). 
 WHEREAS, the Company’s Registration Statement on Form S-1, as amended, No. 333-137263 (together with any
registration statement filed pursuant to Rule 462(b), the “Registration Statement”), for its initial public offering (the “IPO”) of units (the “Units”), each consisting of one share of the Company’s common stock,
par value $0.0001 per share (the “Common Stock”), and one warrant (collectively, the “Warrants”) to purchase one share of Common Stock, has been declared effective as of the date hereof by the Securities and Exchange Commission
(the “Effective Date”); and 
 WHEREAS, Banc of America Securities LLC and CRT Capital Group LLC are acting as the underwriters
(the “Underwriters”) in the IPO; and 
 WHEREAS, the Company has agreed to sell certain of its securities to its existing
stockholders in a placement to be effected concurrently with the IPO; and 
 WHEREAS, as described in the Registration Statement, and in
accordance with the Company’s Certificate of Incorporation, as amended, $141,000,000 of the gross proceeds of the IPO and the sale of securities in a private placement simultaneously with the IPO ($161,925,000 if the Underwriters’
over-allotment option is exercised in full) will be delivered to the Trustee to be deposited and held in a trust account for the benefit of the Company and the public stockholders of the Common Stock issued in the IPO (the amount to be delivered to
the Trustee will be referred to herein as the “Property”; the stockholders for whose benefit the Trustee shall hold the Property will be referred to as the “Public Stockholders,” and the Public Stockholders and the Company will
be referred to together as the “Beneficiaries”); and 
 WHEREAS, a portion of the Property consists of $3,750,000 (or $4,312,500 if
the Underwriters’ over-allotment option is exercised in full) attributable to the Underwriters’ discount (“Deferred Discount”) which the Underwriters have agreed to deposit in the Trust Account (defined below); and

 WHEREAS, the Company and the Trustee desire to enter into this Agreement to set forth the terms and conditions pursuant to which the
Trustee shall hold the Property; 
 IT IS AGREED: 
  

	1.	Agreements and Covenants of Trustee. The Trustee hereby agrees and covenants to: 

 (a) Hold the Property in trust for the Beneficiaries in accordance with the terms of this Agreement, in a segregated trust account (“Trust Account”) established by the Trustee at a branch of Smith Barney, a
division of Citigroup Global Markets Inc., selected by the Trustee; 
 (b) Manage, supervise and administer the Trust Account subject to the
terms and conditions set forth herein; 
  

 1 

 (c) In a timely manner, upon the written instruction of the Company, to invest and reinvest the Property
in any “Government Security” within the meaning of Section 2(a)(16) of the Investment Company Act of 1940, as amended, having a maturity of 180 days or less, or in money market funds selected by the Company meeting the conditions
specified in Rule 2a-7 promulgated under the Investment Company Act of 1940, as amended, as determined by the Company; 
 (d) Collect and
receive, when due, all principal and income arising from the Property, which income, net of taxes, shall become part of the “Property,” as such term is used herein; provided, however, that, notwithstanding the foregoing or
any contrary provision contained herein, the Trustee shall release to the Company an annual aggregate amount of up to $1,500,000 from one-half of the interest earned on the Trust Account, net of taxes, upon the Company’s demand; 
 (e) Notify the Company of all communications received by it with respect to any Property requiring action by the Company; 
 (f) Supply any necessary information or documents as may be requested by the Company in connection with the Company’s preparation of the tax returns
relating to income from the Property in the Trust Account or otherwise; 
 (g) Participate in any plan or proceeding for protecting or
enforcing any right or interest arising from the Property if, as and when instructed by the Company in writing to do so; 
 (h) Render to the
Company and to the Underwriters, and to such other person as the Company may instruct, monthly written statements of the activities of and amounts in the Trust Account reflecting all receipts and disbursements of the Trust Account; 
 (i) If there is any income or other tax obligation relating to the income from the Property in the Trust Account as determined by the Company, then, from
time to time, at the written instruction of the Company, the Trustee shall promptly, to the extent there is not sufficient cash in the Trust Account to pay such tax obligation, liquidate such assets held in the Trust Account as shall be designated
by the Company in writing, and disburse to the Company by wire transfer or by check, out of the Property in the Trust Account, the amount indicated by the Company as owing in respect of such income tax obligation; and 
 (j) Commence liquidation of the Trust Account only upon receipt of and only in accordance with the terms of a letter (the “Termination
Letter”), in a form substantially similar to that attached hereto as either Exhibit A or Exhibit B, signed on behalf of the Company by its President or Chairman of the Board, and complete the liquidation of the Trust Account and
distribute the Property in the Trust Account only as directed in the Termination Letter and the other documents referred to therein. The Trustee shall provide the Underwriters with a copy of any Termination Letter and/or any other correspondence
that it receives with respect to any proposed withdrawal from the Trust Account promptly after it receives the same. 
  

 2 

	2.	Limited Distributions Of Income From Trust Account. 

 Except for an annual
aggregate amount of up to $1,500,000 from one-half of the interest earned on the Trust Account, net of taxes, that the Trustee shall release to the Company upon the Company’s demand, no distributions from the Trust Account shall be permitted
except in accordance with Sections 1(i) and 1(j) hereof. The Trustee shall have no responsibility or liability to verify calculations, qualify or otherwise approve Company requests for distributions pursuant to this Section 2. 
  

	3.	Agreements and Covenants of the Company. The Company hereby agrees and covenants to: 

 (a) Give all instructions to the Trustee hereunder in writing, signed by the Company’s President or Chairman of the Board. In addition, except with respect to its duties under Sections 1(i) and 1(j) above, the
Trustee shall be entitled to rely on, and shall be protected in relying on, any verbal or telephonic advice or instruction which it in good faith believes to be given by any one of the persons authorized above to give written instructions, provided
that the Company shall promptly confirm such instructions in writing; 
 (b) Hold the Trustee harmless and indemnify the Trustee from and
against, any and all expenses, including reasonable counsel fees and disbursements, or loss suffered by the Trustee in connection with any action, suit or other proceeding brought against the Trustee involving any claim, or in connection with any
claim or demand which in any way arises out of or relates to this Agreement, the services of the Trustee hereunder, or the Property or any income earned from investment of the Property, except for expenses and losses resulting from the
Trustee’s gross negligence or willful misconduct. Promptly after the receipt by the Trustee of notice of demand or claim or the commencement of any action, suit or proceeding, pursuant to which the Trustee intends to seek indemnification under
this paragraph, it shall notify the Company in writing of such claim (hereinafter referred to as the “Indemnified Claim”). The Trustee shall have the right to conduct and manage the defense against such Indemnified Claim, provided, that
the Trustee shall obtain the consent of the Company with respect to the selection of counsel, which consent shall not be unreasonably withheld. The Company may participate in such action with its own counsel; 
 (c) Pay the Trustee an initial acceptance fee, an annual fee and a transaction processing fee for each disbursement made pursuant to Section 1(i) as
set forth on Schedule A hereto, which fees shall be subject to modification by the parties from time to time. It is expressly understood that the Property shall not be used to pay such fees and further agreed that said transaction processing
fees shall be deducted by the Trustee from the disbursements made to the Company pursuant to Section 1(i). The Company shall pay the Trustee the initial acceptance fee and first year’s fee at the completion of the IPO and thereafter on the
anniversary of the Effective Date. The Trustee shall refund to the Company the annual fee (on a pro rata basis) with respect to any period after the liquidation of the Trust Fund. The Company shall not be responsible for any other fees or charges of
the Trustee except as set forth in this Section 3(c) and as may be provided in Section 3(b) hereof (it being expressly understood that the Property shall not be used to make any payments to the Trustee under such Sections); 
 (d) Provide to the Trustee any letter of intent, agreement in principle or definitive agreement that is executed prior to •, 2007 in connection with
a Business Combination; 
  

 3 

 (e) In connection with any vote of the Company’s stockholders regarding a Business Combination,
provide to the Trustee an affidavit or certificate of a firm regularly engaged in the business of soliciting proxies and tabulating stockholder votes (which firm may be the Trustee) verifying the vote of the Company’s stockholders regarding
such Business Combination; and 
 (f) if the Company does not effect a Business Combination within 18 months after completion of the IPO (or
within 24 months after the completion of the IPO if a letter of intent, agreement in principle, or definitive agreement has been executed within 18 months after completion of the IPO and the Business Combination related thereto has not yet been
consummated within such 18-month period), the Company shall promptly adopt a plan of dissolution and liquidation and initiate procedures for the Company’s dissolution and liquidation and shall seek stockholder approval for any such plan of
dissolution and liquidation. Upon the approval by the Company’s stockholders of a plan of dissolution and liquidation, the Company shall promptly file a certificate of dissolution and provide the Trustee a Termination Letter substantially in
the form of Exhibit B hereto. 
  

	4.	Limitations of Liability. The Trustee shall have no responsibility or liability to: 

 (a) Take any action with respect to the Property, other than as directed in Section 1 hereof, and the Trustee shall have no liability to any party except for liability arising out of its own gross negligence or
willful misconduct; 
 (b) Institute any proceeding for the collection of any principal and income arising from, or institute, appear in or
defend any proceeding of any kind with respect to, any of the Property unless and until it shall have received written instructions from the Company given as provided herein to do so and the Company shall have advanced or guaranteed to it funds
sufficient to pay any expenses incident thereto; 
 (c) Change the investment of any Property, other than in compliance with
Section 1(c); 
 (d) Refund any depreciation in principal of any Property; 
 (e) Assume that the authority of any person designated by the Company to give instructions hereunder shall not be continuing unless provided otherwise in
such designation, or unless the Company shall have delivered a written revocation of such authority to the Trustee; 
 (f) The other parties
hereto or to anyone else for any action taken or omitted by it, or any action suffered by it to be taken or omitted, in good faith and in the exercise of its own best judgment, except for its gross negligence or willful misconduct. The Trustee may
rely conclusively and shall be protected in acting upon any order, judgment, instruction, notice, demand, certificate, opinion or advice of counsel (including counsel chosen by the Trustee), statement, instrument, report or other paper or document
(not only as to its due execution and the validity and effectiveness of its provisions, but also as to the truth and acceptability of any information therein contained) which is believed by the Trustee, in good faith, to be genuine and to be signed
or presented by the proper person or persons. The Trustee shall not be bound by any notice or demand, or any waiver, modification, termination or rescission of this agreement or any of the terms hereof, unless evidenced by a written instrument
delivered to the Trustee signed by the proper party or parties and, if the duties or rights of the Trustee are affected, unless it shall give its prior written consent thereto; 
 (g) Verify the correctness of the information set forth in the Registration Statement (other than information provided by the Trustee) or to confirm or
assure that any acquisition made by the Company or any other action taken by it is as contemplated by the Registration Statement; 
 (h) As
and to the extent requested from time to time by the Company, prepare, execute and file such tax reports, income or other tax returns and pay any taxes with respect to income and activities relating to the Trust Account, regardless of whether such
tax is payable by the Trust Account or the Company (including but not limited to income tax obligations), it being 

  

 4 

 
expressly understood that as set forth in Section 1(i), if there is any income or other tax obligation relating to the Trust Account or the Property in
the Trust Account, as determined from time to time by the Company and regardless of whether such tax is payable by the Company or the Trust, at the written instruction of the Company, the Trustee shall make funds available in cash from the Property
in the Trust Account an amount specified by the Company as owing to the applicable taxing authority, which amount shall be paid directly to the Company by electronic funds transfer, account debit, check or other method of payment, and the Company
shall forward such payment to the taxing authority; or 
 (i) Verify calculations, qualify or otherwise approve Company requests for
distributions pursuant to Sections 1(i) and 2 above. 
  

	5.	Termination. This Agreement shall terminate as follows: 

 (a) If the Trustee gives written notice to the Company that it desires to resign under this Agreement, the Company shall use its reasonable efforts to locate a successor trustee. At such time that the Company notifies the Trustee that a
successor trustee has been appointed by the Company and has agreed to become subject to the terms of this Agreement, the Trustee shall transfer the management of the Trust Account to the successor trustee, including but not limited to the transfer
of copies of the reports and statements relating to the Trust Account, whereupon this Agreement shall terminate; provided, however, that, in the event that the Company does not locate a successor trustee within ninety days of receipt of the
resignation notice from the Trustee, the Trustee may submit an application to have the Property deposited with the United States District Court for the Southern District of New York and upon such deposit, the Trustee shall be immune from any
liability whatsoever that arises due to any actions or omissions to act by any party after such deposit; 
 (b) At such time that the Trustee
has completed the liquidation of the Trust Account in accordance with the provisions of Section 1(j) hereof, and distributed the Property in accordance with the provisions of the Termination Letter, this Agreement shall terminate except with
respect to Section 3(b). 
  

	6.	Miscellaneous. 

 (a) The Company and the Trustee each
acknowledge that the Trustee will follow the security procedures set forth below with respect to funds transferred from the Trust Account. Upon receipt of written instructions, the Trustee will confirm such instructions with an Authorized Individual
at an Authorized Telephone Number listed on the attached Exhibit C. The Company and the Trustee will each restrict access to confidential information relating to such security procedures to authorized persons. Each party must notify the other
party immediately if it has reason to believe unauthorized persons may have obtained access to such information, or of any change in its authorized personnel. In executing funds transfers, the Trustee will rely upon account numbers or other
identifying numbers of a beneficiary, beneficiary’s bank or intermediary bank, rather than names. The Trustee shall not be liable for any loss, liability or expense resulting from any error in an account number or other identifying number,
provided it has accurately transmitted the numbers provided. 
  

 5 

 (b) This Agreement shall be governed by and construed and enforced in accordance with the laws of the
State of New York, without giving effect to conflict of laws. It may be executed in several counterparts, each one of which shall constitute an original, and together shall constitute one instrument. This Agreement or any counterpart may be executed
via facsimile or other electronic transmission, and any such executed facsimile or other electronic copy shall be treated as an original. 
 (c) This Agreement contains the entire agreement and understanding of the parties hereto with respect to the subject matter hereof. The parties hereto may change, waive, amend or modify any provision contained herein that may be defective
or inconsistent with any other provision contained herein only upon the written consent of each of the parties hereto; provided that such action shall not materially adversely affect the interests of the Public Stockholders. Any other change,
waiver, amendment or modification to this Agreement shall be subject to approval by a majority of the Public Stockholders. As to any claim, cross-claim or counterclaim in any way relating to this Agreement, each party waives the right to trial by
jury. 
 (d) The parties hereto consent to the non-exclusive jurisdiction and venue of any state or federal court located in the City of New
York for purposes of resolving any disputes hereunder. 
 (e) Any notice, consent or request to be given in connection with any of the terms
or provisions of this Agreement shall be in writing and shall be sent by express mail or similar private courier service, by certified mail (return receipt requested), by hand delivery or by facsimile transmission: 
 if to the Trustee, to: 
 Continental Stock
Transfer & Trust Company 
 17 Battery Place, 8th Floor 
 New York, NY 10004 
 Attn: Mr. Steven Nelson, President 
 Fax:
(212) 616-7620 
 if to the Company, to: 
 Transforma Acquisition Group Inc. 
 350 Park Avenue, 10th Floor 
 New York, NY 10022 
 Attn: Larry J. Lenhart,
Chief Executive Officer 
 Fax: (212) 759-8878 
 with a copy to: 
 Bingham McCutchen LLP 
 399 Park Avenue 
 New York, NY 10022

 Attn: Floyd I. Wittlin, Esq. 
 Fax: (212) 752-5378 
 in either case with a copy on behalf of the Underwriters to: 
 Banc of America Securities LLC 
 9 West 57th
Street 
 New York, NY 10019 
  

 6 

 Attn: Managing Director (Transforma Acquisition Group Inc.) 
 Fax: (646) 313-4784 
 and 
 CRT Capital Group LLC 
 262 Harbor Drive

 Stamford, CT 06902 
 Attn:
Managing Director (Transforma Acquisition Group Inc.) 
 Fax: (203) 569-6890 
 with a copy to: 
 Sidley Austin LLP

 787 Seventh Avenue 
 New York,
NY 10019 
 Attn: Samir A. Gandhi, Esq. 
 Fax: (212) 839-5599 
 (f) This Agreement may not be assigned by the Trustee without the prior consent of the Company.

 (g) Each of the Trustee and the Company hereby represents that it has the full right and power and has been duly authorized to enter into
this Agreement and to perform its respective obligations as contemplated hereunder. The Trustee acknowledges and agrees that it shall not make any claims or proceed against the Trust Account, including by way of set-off, and shall not be entitled to
any part of the Property under any circumstance. 
 (h) The Trustee hereby waives any and all right, title, interest or claim of any kind
(“Claim”) in or to any distribution of any property held in trust for the Company in the Trust Account, and hereby agrees not to seek recourse, reimbursement, payment or satisfaction for any Claim against the Trust Account for any reason
whatsoever. 
 (i) The Trustee hereby consents to the inclusion of Continental Stock Transfer & Trust Company in the Registration
Statement and other materials relating to the IPO. 
 (j) For so long as the proceed of the IPO and/or Private Placement are held in the
Trust Account, the Underwriters shall be third party beneficiaries with respect to Section          and shall be entitled to enforce the terms of Section          of
this Agreement to the same extent as if they were parties to this Agreement. 
 [Remainder of page intentionally left blank]

  

 7 

 IN WITNESS WHEREOF, the parties have duly executed this Investment Management Trust Agreement as of the
date first written above. 
  

			
	 CONTINENTAL STOCK TRANSFER

	 & TRUST COMPANY, as Trustee

		
	 By:
	 	  
	 Name:
	 	  
	 Title:
	 	  
	
	 TRANSFORMA ACQUISITION GROUP INC.

		
	 By:
	 	  
	 Name:
	 	 Larry J. Lenhart

	 Title:
	 	 President and Chief Executive Officer

  

 8 

 EXHIBIT A 
 [LETTERHEAD OF COMPANY] 
 [INSERT DATE] 
 Continental Stock Transfer & Trust Company 
 17 Battery Place, 8th Floor 
 New York, NY 10004 

	Attn:	Steven Nelson, President 

  

	Re:	Trust Account No. [            ] 

 Termination Letter 
 Gentlemen: 
 Pursuant to Section 1(j) of the Investment Management Trust Agreement between Transforma Acquisition Group Inc.
(the “Company”) and Continental Stock Transfer & Trust Company (the “Trustee”), dated as of             , 2006 (the “Trust Agreement”), this is
to advise you that the Company has entered into an agreement (“Business Agreement”) with              (the “Target Business”) to consummate a business combination
with Target Business (a “Business Combination”) on or about [INSERT DATE]. The Company shall notify you at least 48 hours in advance of the actual date of the consummation of the Business Combination (the “Consummation Date”).
Defined terms used but not otherwise defined herein shall have the meaning ascribed to such terms in the Trust Agreement. 
 Pursuant to
Section 3(e) of the Trust Agreement, we are providing you with [an affidavit] [a certificate] of             , which verifies the vote of the Company’s stockholders in
connection with the Business Combination. In accordance with the terms of the Trust Agreement, we hereby authorize you to commence liquidation of the Trust Account to the effect that, on the Consummation Date, all of the funds held in the Trust
Account will be immediately available for transfer to the account or accounts that the Company shall direct in writing on the Consummation Date. 
 On the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated and (ii) the Company shall deliver to you written instructions with respect to the
transfer of the funds held in the Trust Account (the “Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel’s letter and the
Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date without penalty, you will notify the Company of the same and the
Company shall direct you as to whether such funds should remain in the Trust Account and be distributed after the Consummation Date to the Company or, with respect to the Deferred Discount, to the Underwriters. Upon the distribution of all the funds
in the Trust Account pursuant to the terms hereof, the Trust Agreement shall be terminated. 
  

 9 

 In the event that the Business Combination is not consummated on the Consummation Date described in the
notice thereof and we have not notified you on or before the original Consummation Date of a new Consummation Date, then the funds held in the Trust Account shall be reinvested as provided in the Trust Agreement on the business day immediately
following the Consummation Date as set forth in the notice. 
  

			
	 Very truly yours,

	
	 TRANSFORMA ACQUISITION GROUP INC.

		
	 By:
	 	  
	 Name:
	 	 Larry J. Lenhart

	 Title:
	 	 President and Chief Executive Officer

  

 10 

 EXHIBIT B 
 [LETTERHEAD OF COMPANY] 
 [INSERT DATE] 
 Continental Stock Transfer & Trust Company 
 17 Battery Place, 8th Floor 
 New York, NY 10004 
 Attn: Frank Di Paolo, CFO 
  

	Re:	Trust Account No. [            ] Termination Letter 

 Gentlemen: 
 Pursuant to
paragraph 1(j) of the Investment Management Trust Agreement between Transforma Acquisition Group Inc. (the “Company”) and Continental Stock Transfer & Trust Company (the “Trustee”), dated as of
            , 2006 (the “Trust Agreement”), this is to advise you that the Company has been dissolved due to the Company’s inability to effect a Business Combination
within the time frame specified in the Company’s prospectus relating to its IPO. Attached hereto is a certified copy of the Certificate of Dissolution as filed with the Delaware Secretary of State. Defined terms used but not otherwise defined
herein shall have the meaning ascribed to such terms in the Trust Agreement. 
 In accordance with the terms of the Trust Agreement, we
hereby authorize you to commence liquidation of the Trust Account. You will notify the Company and              (the “Designated Paying Agent”) in writing as to when all of
the funds in the Trust Account will be available for immediate transfer (the “Transfer Date”) in accordance with the plan of dissolution and liquidation approved by the stockholders of the Company. The Designated Paying Agent shall
thereafter notify you as to the account or accounts of the Designated Paying Agent that the funds in the Trust Account should be transferred to on the Transfer Date so that the Designated Paying Agent may commence distribution of such funds in
accordance with the Company’s instructions. You shall have no obligation to oversee the Designated Paying Agent’s distribution of the funds. Upon the payment to the Designated Paying Agent of all the funds in the Trust Account, the Trust
Agreement shall terminate in accordance with the terms thereof and the Trust Account shall be closed. 
  

			
	 Very truly yours,

	
	 TRANSFORMA ACQUISITION GROUP INC.

		
	 By:
	 	  
	 Name:
	 	 Larry J. Lenhart

	 Title:
	 	 President and Chief Executive Officer

  

 11 

 EXHIBIT C 
 AUTHORIZED INDIVIDUAL(S) and telephone numbers 
 AUTHORIZED FOR TELEPHONE CALL BACK 

 

			
	 COMPANY:
	  	 Transforma Acquisition Group Inc.
 350 Park Avenue,
10th Floor
 New York, NY 10022
 Attn: Larry J. Lenhart, Chief
Executive Officer

		  	Telephone: (646) 521-7805
		
	 TRUSTEE:
	  	 Continental Stock Transfer & Trust Company
 17
Battery Place, 8th Floor
 New York, New York 10004
 Attn: Steven Nelson, President

		  	 Telephone: (212) 845-3202

  

 12 

 SCHEDULE A 
 Schedule of fees pursuant to Section 3(c) of Investment Management Trust Agreement 
 between Transforma
Acquisition Group Inc. and 
 Continental Stock Transfer & Trust Company 
  

						
	 Fee Item
	  	 Time and method of payment
	  	Amount
	 Initial acceptance fee
	  	Initial closing of IPO by wire transfer	  	$	1,000
	 Annual fee
	  	First year, initial closing of IPO by wire transfer; thereafter on the anniversary of the effective date of the IPO by wire transfer or check	  	$	3,000
	Transaction processing fee for disbursements to Company under Sections 1(i) and 2	  	Deduction by Trustee from disbursement made to Company under Section 2	  	$	250

  

									
	 Dated: [            ] [__], 2006
	 		 	 Agreed:

				
		 		 		 	 Transforma Acquisition Group Inc.

			
		 		 	  
					
		 		 		 	 By:
	 	  
		 		 		 		 	Authorized Officer
					
		 		 		 		 	 Continental Stock Transfer & Trust Company

					
		 		 		 	 By:
	 	  
		 		 		 		 	Authorized Officer

  

 13

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