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.
FORM OF SECURITY AGREEMENTSecurity 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:
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.
