VIASPACE GREEN ENERGY INC SENIOR EXECUTIVE EMPLOYMENT AGREEMENTSenior Executive Employment Agreement • May 18th, 2010 • VIASPACE Inc. • Services-mailing, reproduction, commercial art & photography • Georgia
THIS SENIOR EXECUTIVE EMPLOYMENT AGREEMENT (“Agreement”) is entered into as of the 14 day of May 2010, by and between 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 and phrases shall have the meaning ascribed thereto in this Agreement.
SECURITY AGREEMENTSecurity Agreement • May 18th, 2010 • VIASPACE 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 (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:
STOCK PLEDGE AGREEMENTStock Pledge Agreement • May 18th, 2010 • VIASPACE 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, INC., a Nevada corporation (the “Pledgor”), and SUNG HSIEN CHANG (the “Noteholder”).
REGISTRATION RIGHTS AGREEMENTRegistration Rights Agreement • May 18th, 2010 • VIASPACE Inc. • Services-mailing, reproduction, commercial art & photography • Georgia
This REGISTRATION RIGHTS AGREEMENT, dated as of May 14, 2010 (this “Agreement”), is by and between VIASPACE Inc., a Nevada corporation (the “Company”), and Sung Hsien Chang, an individual resident of the State of Georgia (“Shareholder”). The Company and Shareholder are sometimes referred to herein as a “Party” and collectively as the “Parties.”
FIRST AMENDMENT TO SHARE PURCHASE AGREEMENTShare Purchase Agreement • May 18th, 2010 • VIASPACE Inc. • Services-mailing, reproduction, commercial art & photography
THIS FIRST AMENDMENT TO THE SHARE PURCHASE AGREEMENT (the “Amendment”) is entered into as of the 14th day of May 2010 and made effective as of the 16th day of April 2010 (the “Signing Date”), by and among VIASPACE INC., a Nevada corporation (the “Parent”), and Sung Hsien Chang (“Sung”), Hsiu Fen Su (“Cindy”), Chun Hao Chang (“Jason”) and Jay Chang (“Jay”), each being a resident of the State of Georgia, USA; and Green Solutions Group Ltd., a British Virgin Islands company (Green Solutions”)(Green Solutions, with Sung, Cindy, Jason and Jay, collectively, the “Shareholder”). For purposes of this Amendment, the phrase “Share Purchase Agreement” shall mean that certain agreement entitled “Share Purchase Agreement” entered into by and between Parent and Sung as of the Signing Date; and unless otherwise defined herein, capitalized terms and phrases shall have the meaning ascribed thereto in the Share Purchase Agreement.
