0001299933-08-004985 Sample Contracts

EMPLOYMENT AGREEMENT
Employment Agreement • October 27th, 2008 • VIASPACE Inc. • Miscellaneous electrical machinery, equipment & supplies • 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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SECURITIES PURCHASE AGREEMENT
Securities Purchase Agreement • October 27th, 2008 • VIASPACE Inc. • Miscellaneous electrical machinery, equipment & supplies • 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:

SHAREHOLDERS AGREEMENT
Shareholders Agreement • October 27th, 2008 • VIASPACE Inc. • Miscellaneous electrical machinery, equipment & supplies • 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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