VIASPACE GREEN ENERGY INC SENIOR EXECUTIVE EMPLOYMENT AGREEMENTSenior 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.
STOCK PLEDGE AGREEMENTStock 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”).
REGISTRATION RIGHTS AGREEMENTRegistration 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.”
SUBSIDIARY GUARANTEESubsidiary 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.
FORM OF SECURITY AGREEMENTForm of 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:
