VIASPACE Green Energy Inc. Sample Contracts

VIASPACE GREEN ENERGY INC SENIOR EXECUTIVE EMPLOYMENT AGREEMENT
Senior Executive Employment Agreement • May 18th, 2010 • VIASPACE Green Energy Inc. • Services-mailing, reproduction, commercial art & photography • Georgia

THIS SENIOR EXECUTIVE EMPLOYMENT AGREEMENT (“Agreement”) is entered into as of the 14th day of May 2010, by and between VIASPACE Green Energy, Inc., a British Virgin Islands company (“Company”), and Stephen Muzi, a resident of the State of California, United States of America (“Executive”). Capitalized terms and phrases shall have the meaning ascribed thereto in this Agreement.

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EMPLOYMENT AGREEMENT
Employment Agreement • June 3rd, 2009 • VIASPACE Green Energy Inc. • California

This EMPLOYMENT AGREEMENT (this “Agreement”), dated as of October 21, 2008 by and between Sung Hsien Chang, (“Executive”), and VIASPACE Green Energy Inc. (“VGE”) a British Virgin Islands corporation having its principal office at 171 N. Altadena Drive, Pasadena, California 91107 .

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MUTUAL AND LIMITED RELEASE AGREEMENT
Mutual and Limited Release Agreement • October 5th, 2012 • VIASPACE Green Energy Inc. • Services-mailing, reproduction, commercial art & photography • Georgia

THIS MUTUAL AND LIMITED RELEASE (the “Agreement”) is entered into and made effective as of the 30th day of September 2012 (the “Effective Date”) by and among the signatories to this Agreement (each of the signatories shall be referred to singularly as a “Party” and collectively as the “Parties”). Except as otherwise defined herein, capitalized terms and phrases shall have the meaning ascribed thereto in Section 2 of this Agreement.

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RECAPITALIZATION AGREEMENT By and Among VIASPACE INC., VIASPACE GREEN ENERGY INC. AND CERTAIN OTHER PARTIES Dated as of September 30, 2012 RECAPITALIZATION AGREEMENT
Recapitalization Agreement • October 5th, 2012 • VIASPACE Green Energy Inc. • Services-mailing, reproduction, commercial art & photography • Georgia

THIS RECAPITALIZATION AGREEMENT (the “Agreement”) is made effective as of September 30, 2012 (the “Effective Date”), by and among VIASPACE Inc., a Nevada corporation (the “VIASPACE”), VIASPACE Green Energy Inc., a British Virgin Islands corporation (“VGE”), and certain other parties who are signatories to this Agreement (collectively, with VIASPACE and VGE, the “Signatories”). Except as otherwise provided in this Agreement, capitalized terms and phrases shall have the meaning ascribed thereto in Section 1 hereof.

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FORM OF SECURITY AGREEMENT
Security Agreement • May 18th, 2010 • VIASPACE Green Energy Inc. • Services-mailing, reproduction, commercial art & photography • Georgia

[VIASPACE, INC., a Nevada corporation, whose principal place of business and mailing address is 2102 Business Center Drive, suite 130, Irvine, CA 92612][VIASPACE Green Energy Inc., a British Virgin Islands corporation (“VGE”)] [Inter-Pacific Arts Corp., a British Virgin Islands international business company (“IPA BVI”)][Guangzhou Inter-Pacific Arts Corp., a Chinese wholly owned foreign enterprise registered in Guangdong province] (hereinafter “Debtor”), hereby grants to SUNG HSIEN CHANG (hereinafter sometimes “Noteholder” or “Secured Party”) a continuing security interest in and to, and a lien on, and hereby assigns to Secured Party as collateral, all of the “Collateral”, as defined in Section 2 of this Agreement. In addition, Debtor and Secured Party hereby agree as follows:

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STOCK PLEDGE AGREEMENT
Stock Pledge Agreement • May 18th, 2010 • VIASPACE Green Energy Inc. • Services-mailing, reproduction, commercial art & photography • Georgia

THIS STOCK PLEDGE AGREEMENT (this “Agreement”) is dated as of May 14, 2010, by and between VIASPACE GREEN ENERGY, INC., a British Virgin Islands corporation (the “Pledgor”), and SUNG HSIEN CHANG (the “Noteholder”).

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SECURITIES PURCHASE AGREEMENT
Securities Purchase Agreement • June 3rd, 2009 • VIASPACE Green Energy Inc. • California

THIS SECURITIES PURCHASE AGREEMENT (this “Agreement”) is entered into as of October 21, 2008, by and among, VIASPACE Inc., a Nevada corporation (“Parent”), VIASPACE Green Energy Inc., a British Virgin Islands international business company and a wholly-owned subsidiary of Parent (“Acquirer”), Sung Hsien Chang, an individual (“Shareholder”), and China Gate Technology Co., Ltd., a Brunei Darussalam company (“Licensor”), with respect to the following facts:

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REGISTRATION RIGHTS AGREEMENT
Registration Rights Agreement • May 18th, 2010 • VIASPACE Green Energy Inc. • Services-mailing, reproduction, commercial art & photography • Georgia

This REGISTRATION RIGHTS AGREEMENT, dated as of May 14, 2010 (this “Agreement”), is by and among Viaspace Green Energy Inc., a British Virgin Islands company (the “Company”), Sung Hsien Chang, Hsiu Fen Su, Chun Hao Chang, Jay Chang, each individual residents of the State of Georgia, and Green Solutions Group Ltd, a British Virgin Islands company (collectively the “Shareholders”). The Company and Shareholders are sometimes referred to herein as a “Party” and collectively as the “Parties.”

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AMENDMENT TO SENIOR EXECUTIVE EMPLOYMENT AGREEMENT
Senior Executive Employment Agreement • May 16th, 2011 • VIASPACE Green Energy Inc. • Services-mailing, reproduction, commercial art & photography

This Amendment (“Amendment”) to the Senior Executive Employment Agreement (the “Agreement”) is made as of May 16, 2011 (the “Effective Date”), by and among VIASPACE Green Energy, Inc., a British Virgin Islands company (“Company”), and Carl Kukkonen, a resident of the State of California, United States of America (“Executive”). Capitalized terms shall have the meaning ascribed thereto in the Agreement.

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VIASPACE GREEN ENERGY INC. CONSULTING AGREEMENT
Consulting Agreement • October 5th, 2012 • VIASPACE Green Energy Inc. • Services-mailing, reproduction, commercial art & photography • Georgia

THIS CONSULTING AGREEMENT (the “Agreement”) is made and entered into as of the date indicated below (the “Effective Date”) by and between VIASPACE Green Energy Inc., a British Virgin Islands company (the “Company”), and Stephen Muzi, an individual resident of the State of California (the “Consultant”). Company and Consultant are sometimes singularly referred to in this Agreement as “Party” and collectively referred to as the “Parties.”

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AMENDMENT NO. 2 TO THE SECURITIES PURCHASE AGREEMENT
Securities Purchase Agreement • September 4th, 2009 • VIASPACE Green Energy Inc. • Services-mailing, reproduction, commercial art & photography • California

This AMENDMENT TO THE SECURITIES PURCHASE AGREEMENT (this “Amendment”) is made as of August 21, 2009 (the “Effective Date”), by and among VIASPACE Inc., a Nevada corporation (“Parent”), VIASPACE Green Energy Inc., a British Virgin Islands international business company and a wholly-owned subsidiary of Parent (“Acquirer”), Sung Hsien Chang, an individual (“Shareholder”), and China Gate Technology Co., Ltd., a Brunei Darussalam company (“Licensor”), with respect to the following facts:

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PAYMENT OF OBLIGATION AND LIMITED RELEASE AGREEMENT
Payment of Obligation and Release Agreement • April 11th, 2013 • VIASPACE Green Energy Inc. • Services-mailing, reproduction, commercial art & photography • Georgia

THIS PAYMENT OF OBLIGATION AND RELEASE AGREEMENT (the “Agreement”) is made effective as of the 5 day of April 2013 (the “Effective Date”) by and among JJ International, Inc., a Georgia corporation (“JJ”) and Inter-Pacific Arts Corp., a British Virgin Islands company (“IPA BVI”), Guangzhou Inter-Pacific Arts Corp., a Chinese enterprise registered in Guangdong province (“IPA China”) and VIASPACE Green Energy, Inc., a British Virgin Islands company. As of the Effective Date, IPA BVI is a wholly-owned subsidiary of VGE, and IPA China is a wholly-owned subsidiary of IPA BVI (collectively, the “VGE Companies”). Each of JJ, IPA BVI, IPA China and VGE shall be referred to individually as a “Party” and collectively as the “Parties.”

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AMENDMENT NO. 6 TO SECURITIES PURCHASE AGREEMENT
Securities Purchase Agreement • December 18th, 2009 • VIASPACE Green Energy Inc. • Services-mailing, reproduction, commercial art & photography • California

This AMENDMENT NO. 6 TO THE SECURITIES PURCHASE AGREEMENT (this “Amendment”) is made as of December 18, 2009 (the “Effective Date”), by and among VIASPACE Inc., a Nevada corporation (“Parent”), VIASPACE Green Energy Inc., a British Virgin Islands international business company and a wholly-owned subsidiary of Parent (“Acquirer”), Sung Hsien Chang, an individual (“Shareholder”), and China Gate Technology Co., Ltd., a Brunei Darussalam company (“Licensor”), with respect to the following facts:

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AMENDMENT TO SENIOR EXECUTIVE EMPLOYMENT AGREEMENT
Senior Executive Employment Agreement • May 16th, 2011 • VIASPACE Green Energy Inc. • Services-mailing, reproduction, commercial art & photography

This Amendment (“Amendment”) to the Senior Executive Employment Agreement (the “Agreement”) is made as of May 16, 2011 (the “Effective Date”), by and among VIASPACE Green Energy, Inc., a British Virgin Islands company (“Company”), and Stephen Muzi, a resident of the State of California, United States of America (“Executive”). Capitalized terms shall have the meaning ascribed thereto in the Agreement.

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AMENDMENT NO. 4 TO SECURITIES PURCHASE FAGREEMENT
Securities Purchase Agreement • November 25th, 2009 • VIASPACE Green Energy Inc. • Services-mailing, reproduction, commercial art & photography • California

This AMENDMENT NO. 4 TO THE SECURITIES PURCHASE AGREEMENT (this “Amendment”) is made as of November 21, 2009 (the “Effective Date”), by and among VIASPACE Inc., a Nevada corporation (“Parent”), VIASPACE Green Energy Inc., a British Virgin Islands international business company and a wholly-owned subsidiary of Parent (“Acquirer”), Sung Hsien Chang, an individual (“Shareholder”), and China Gate Technology Co., Ltd., a Brunei Darussalam company (“Licensor”), with respect to the following facts:

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AMENDMENT NO. 5 TO SECURITIES PURCHASE AGREEMENT
Securities Purchase Agreement • November 25th, 2009 • VIASPACE Green Energy Inc. • Services-mailing, reproduction, commercial art & photography • California

This AMENDMENT NO. 5 TO THE SECURITIES PURCHASE AGREEMENT (this “Amendment”) is made as of November 25, 2009 (the “Effective Date”), by and among VIASPACE Inc., a Nevada corporation (“Parent”), VIASPACE Green Energy Inc., a British Virgin Islands international business company and a wholly-owned subsidiary of Parent (“Acquirer”), Sung Hsien Chang, an individual (“Shareholder”), and China Gate Technology Co., Ltd., a Brunei Darussalam company (“Licensor”), with respect to the following facts:

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SUPPLY AND COMMERCIALIZATION AGREEMENT BY AND BETWEEN VIASPACE GREEN ENERGY INC. AND VIASPACE INC. September 30, 2012
Supply, License and Commercialization Agreement • October 5th, 2012 • VIASPACE Green Energy Inc. • Services-mailing, reproduction, commercial art & photography • Georgia

THIS SUPPLY, LICENSE AND COMMERCIALIZATION AGREEMENT (the “Agreement”) is entered into as of the 30th day of September 2012 (the “Effective Date”) by and between VIASPACE Green Energy, Inc., a British Virgin Islands company (“VGE”) and VIASPACE Inc., a corporation organized under the laws of the State of Nevada, with offices located within the State of California (“VIASPACE”). VGE and VIASPACE are sometimes referred to herein individually as a “Party” and collectively as the “Parties.” Except as otherwise defined within the text, capitalized terms and phrases shall have the meaning ascribed thereto in Article 1 of this Agreement.

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SUBSIDIARY GUARANTEE
Subsidiary Guarantee • May 18th, 2010 • VIASPACE Green Energy Inc. • Services-mailing, reproduction, commercial art & photography • Georgia

THIS GUARANTEE (the “Guarantee”), dated as of the 14th day of May, 2010, is made by VIASPACE Green Energy, Inc., a British Virgin Islands international business company (“VGE”), Inter-Pacific Arts Corp., a British Virgin Islands international business company (“IPA BVI”), and Guangzhou Inter-Pacific Arts Corp., a Chinese wholly owned foreign enterprise registered in Guangdong province (“IPA China” and together with VGE and IPA BVI, the “Subsidiary Guarantors,” and, each, a “Subsidiary Guarantor”), in favor of Sung Hsien Chang (“Noteholder”). Capitalized terms used herein but not otherwise defined herein shall have the meanings ascribed to such terms in the Secured Note.

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AMENDMENT NO. 3 TO THE SECURITIES PURCHASE AGREEMENT
Securities Purchase Agreement • October 15th, 2009 • VIASPACE Green Energy Inc. • Services-mailing, reproduction, commercial art & photography • California

This AMENDMENT TO THE SECURITIES PURCHASE AGREEMENT (this “Amendment”) is made as of October 14, 2009 (the “Effective Date”), by and among VIASPACE Inc., a Nevada corporation (“Parent”), VIASPACE Green Energy Inc., a British Virgin Islands international business company and a wholly-owned subsidiary of Parent (“Acquirer”), Sung Hsien Chang, an individual (“Shareholder”), and China Gate Technology Co., Ltd., a Brunei Darussalam company (“Licensor”), with respect to the following facts:

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AMENDMENT TO SECURITIES PURCHASE AGREEMENT
Securities Purchase Agreement • September 4th, 2009 • VIASPACE Green Energy Inc. • Services-mailing, reproduction, commercial art & photography • California

This AMENDMENT TO SECURITIES PURCHASE AGREEMENT (this “Amendment”) is made as of June 22, 2009 (the “Effective Date”), by and among by and among, VIASPACE Inc., a Nevada corporation (“Parent”), VIASPACE Green Energy Inc., a British Virgin Islands international business company and a majority-owned subsidiary of Parent (“Acquirer”), Sung Hsien Chang, an individual (“Shareholder”), and China Gate Technology Co., Ltd., a Brunei Darussalam company (“Licensor”), with respect to the following facts:

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MEMORANDUM OF UNDERSTANDING
Memorandum of Understanding • September 4th, 2009 • VIASPACE Green Energy Inc. • Services-mailing, reproduction, commercial art & photography

This Memorandum of Understanding (hereinafter referred to as the “MOU”), is made and entered into this 2nd day of September 2009, by and between:

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SUPPLY AND COMMERCIALIZATION AGREEMENT BY AND BETWEEN GUANGZHOU INTER-PACIFIC ARTS CORP. AND VIASPACE GREEN ENERGY, INC. September 30, 2012
Supply, License and Commercialization Agreement • October 5th, 2012 • VIASPACE Green Energy Inc. • Services-mailing, reproduction, commercial art & photography • Georgia

THIS SUPPLY, LICENSE AND COMMERCIALIZATION AGREEMENT (the “Agreement”) is entered into as of the 30th day of September 2012 (the “Effective Date”) by and between Guangzhou Inter-Pacific Arts Corp., a company formed under the laws of the People’s Republic of China, with offices located in the Guangdong province (“IPA China”) and VIASPACE Green Energy, Inc., a British Virgin Islands company (“VGE”). IPA China and VGE are sometimes referred to herein individually as a “Party” and collectively as the “Parties.” Except as otherwise defined within the text, capitalized terms and phrases shall have the meaning ascribed thereto in Article 1 of this Agreement.

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Agreement
Joint Marketing Agreement • August 12th, 2009 • VIASPACE Green Energy Inc. • Services-mailing, reproduction, commercial art & photography • Guangdong

CHINA GATE TECHNOLOGY CO., LTD (hereinafter, known as "Party A") and Guangzhou IPA (hereinafter, known as "Party B") hereby establish this agreement to jointly explore the market of Giant King Grass, Elephant Grass and Purple King Grass. In Guangdong Province, Party A shall not provide more than 20,000 units of above grass seedlings to any other clients. Party A will pass large clients (who may need more than 20,000 units of above grass seedlings) to Party B. Party B will be responsible to supply the large clients, so as to ensure Party B’s interests within Guangdong Province.

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SHAREHOLDERS AGREEMENT
Shareholders Agreement • June 3rd, 2009 • VIASPACE Green Energy Inc. • California

THIS SHAREHOLDERS AGREEMENT (this “Agreement”) is made and entered into as of October 21, 2008 by and among VIASPACE Green Energy Inc., a British Virgin Islands international business company (the “Company”), VIASPACE, Inc., a Nevada corporation (“VIASPACE”), and Sung Hsien Chang, an individual (“Chang”) (each of VIASPACE and Chang shall be referred to as a “Shareholder”)

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