Common use of Compliance with Laws and Other Instruments; No Conflicts Clause in Contracts

Compliance with Laws and Other Instruments; No Conflicts. Neither VIASPACE Entity is in violation or default of any provisions of its charter documents, as amended to date or, to its knowledge, any applicable laws, regulations, judgments, decrees or orders of any governmental bodies and agencies having jurisdiction over their respective businesses or properties, other than violations of laws, regulations, judgments, decrees or orders that could not reasonably be expected to have a Material Adverse Effect. Neither VIASPACE Entity is in breach of or default under or, to its knowledge, alleged to be in breach of or default under, any material lease, license, contract, agreement, instrument or obligation to which it is a party or its properties are subject, and neither VIASPACE Entity knows of any condition or circumstances that, currently or after notice or the lapse of time, is likely to result in a breach of, default under or loss of material benefits under any such lease, license, contract, agreement, instrument or obligation, other than breaches or defaults that could not reasonably be expected to have a Material Adverse Effect. The execution, delivery and performance of the Transaction Documents on the part of VIASPACE Entity, will not result in any such violation or default and will not accelerate performance, that would have a Material Adverse Effect, in any adverse respect under the terms of any agreement or instrument.

Compliance with Laws and Other Instruments; No Conflicts. Neither VIASPACE Entity Shareholder nor either Target is in violation or default of any provisions of its charter documents, as amended to date or, to its Shareholder’s knowledge, any applicable laws, regulations, judgments, decrees or orders of any governmental bodies and agencies having jurisdiction over their respective businesses or properties, other than violations of laws, regulations, judgments, decrees or orders that could not reasonably be expected to have a Material Adverse Effect. Neither VIASPACE Entity Shareholder nor any Target is in breach of or default under or, to its Shareholder’s knowledge, alleged to be in breach of or default under, any material lease, license, contract, agreement, instrument or obligation to which it is a party or its properties are subject, and neither VIASPACE Entity Shareholder nor any Target knows of any condition or circumstances that, currently or after notice or the lapse of time, is likely to result in a breach of, default under or loss of material benefits under any such lease, license, contract, agreement, instrument or obligation, other than breaches or defaults that could not reasonably be expected to have a Material Adverse Effect. The execution, delivery and performance of the Transaction Documents on the part of VIASPACE EntityTarget, will not result in any such violation or default and will not accelerate performance, that would have a Material Adverse Effect, in any adverse respect under the terms of any agreement or instrument.