SECURITY AGREEMENTSecurity Agreement • October 15th, 2008 • Global Green Solutions Inc. • Industrial organic chemicals • New York
This SECURITY AGREEMENT, dated as of July 16, 2008 (this “Agreement”), is among Valcent Products Inc., corporation organized under the laws of Alberta, Canada (the “Company”), all of the subsidiaries of the Company (such subsidiaries, the “Guarantors” and together with the Company, the “Debtors”), and Platinum Long Term Growth VI, LLC (together with its successors and assigns, the “Secured Party”), as collateral agent for the investors identified in the Purchase Agreement (the “Lenders”), which Lenders are the holders of the Company’s Senior Secured Convertible Promissory Notes, issued on July 16, 2008 in the aggregate original principal amount of $2,428,160 (the “Notes”).
GUARANTYGuaranty • October 15th, 2008 • Global Green Solutions Inc. • Industrial organic chemicals • New York
GUARANTY (the “Guaranty”), dated as of July 16, 2008, by, Valcent USA Inc., a Nevada corporation, Valcent Manufacturing, Ltd., a Texas limited partnership, Valcent Management LLC, a Nevada limited liability company, Vertigro Algae Technologies LLC, a Texas limited liability company, and Valcent Products EU Limited, a corporation organized under the laws of the United Kingdom, each with an address of Suite 1010 - 789 West Pender Street, Vancouver, British Columbia, Canada V6C 1H2 (each a “Guarantor”, collectively, the “Guarantors”), in favor of the Purchasers identified in the Purchase Agreement (as defined below) (collectively, and together with their respective successors, transferees and assigns, “Secured Parties”).
PATENT, TRADEMARK AND COPYRIGHT SECURITY AGREEMENTPatent, Trademark and Copyright Security Agreement • October 15th, 2008 • Global Green Solutions Inc. • Industrial organic chemicals • New York
THIS PATENT, TRADEMARK AND COPYRIGHT SECURITY AGREEMENT (this “Agreement”) is entered into as of this 16th day of July 2008, by and among Valcent Products, Inc., corporation organized under the laws of Alberta, Canada, Valcent USA Inc., a Nevada corporation, Valcent Manufacturing, Ltd., a Texas limited partnership, Valcent Management LLC, a Nevada limited liability company, Vertigro Algae Technologies LLC, a Texas limited liability company, and Valcent Products EU Limited, a corporation organized under the laws of the United Kingdom, each with an address of 828 Harbourside Drive, Suite 208, North Vancouver, BC V7P 3R9, (jointly and severally, the “Borrower”), and Platinum Long Term Growth VI, LLC, as collateral agent (the “Agent”) for the investors identified in the below referenced Purchase Agreement (collectively, together with their successors and assigns, the “Lenders”).
