EX 10.2


    Exhibit
      10.2

    


    REDEMPTION
      AGREEMENT

     

    


    This
      Agreement (the “Agreement”) is made as of the 29th
      day of
      May, 2008 by and between Vision Acquisition V, Inc. (the “Company”), a Delaware
      corporation having its offices at c/o Vision Capital Advisors, LLC, 20 West
      55th
      Street,
      5th
      Floor,
      New York, New York 10019 and Vision Opportunity Master Fund Ltd. (the “Seller”)
      with an address at c/o Citi Hedge Fund Services (Cayman) Limited, P.O. Box
      1748,
      Cayman Corporate Centre, 27 Hospital Road, 5th
      Floor,
      Grand Cayman KY1-1109, Cayman Islands.

    


    W
      I T
      N E S S E T H:

     

    WHEREAS,
      the Seller is the owner of 5,000,000 shares of the Company’s common stock, par
      value $0.0001 per share (“Common Stock”); and

     

    WHEREAS,
      the Seller desires to sell to the Company, and the Company desires to purchase
      from the Seller, all 5,000,000 shares of Common Stock owned by the Seller (the
      “Shares”), on and subject to the terms of this Agreement (the “Redemption”);
      and

     

    NOW,
      THEREFORE, in consideration of the premises and the mutual agreements herein
      contained, the Company and the Seller hereby agree as follows:

    


    1. Sale
      of the Shares.
      Subject
      to the terms and conditions of this Agreement, and in reliance upon the
      representations, warranties, covenants and agreements contained in this
      Agreement, the Seller shall sell the Shares to the Company, and the Company
      shall purchase the Shares from the Seller for an aggregate purchase price (the
      “Purchase Price”) equal to $100,000 for the purchase of all 5,000,000 Shares
      held by the Seller. 

     

    2. Closing.
      The
      closing of the purchase and sale of the Shares (the “Closing”) shall be
      consummated at such place and at such time as set forth in a prior written
      notice from the Company to the Seller at least three (3) days prior to the
      Closing, provided that the Closing shall occur on or before the date which
      is
      150 days after the date hereby (the “Latest Closing Date”). In the event that
      the Closing is not consummated on or before the Latest Closing Date, this
      Agreement, the Redemption and all rights and obligations of the parties
      hereunder, unless otherwise mutually agreed by the parties, shall be terminated
      and of no further force or effect. At the Closing, the Seller shall deliver
      to
      the Company certificates for the Shares, duly endorsed in form for transfer
      to
      the Company, which shall be canceled on the books and records of the Company
      and
      the Company shall pay the Purchase Price for the Shares. 

    


    3. Representations
      of Seller.
      

    


    (a)  Seller
      has all necessary power and authority to enter into and to perform its
      obligations hereunder. This Agreement constitutes the valid and binding
      obligation of Seller, enforceable against Seller in accordance with its terms,
      subject to: (i) laws of general application relating to bankruptcy, insolvency
      and the relief of debtors; and (ii) rules of law governing specific performance,
      injunctive relief and other equitable remedies.

    


    (b)  Seller
      owns all right, title and interest in and to, and has the right to transfer
      to
      the Company, in connection with the Redemption provided for herein, all of
      the
      Shares being redeemed by the Company, pursuant to the terms of this Agreement,
      free and clear of all liens, security interests, charges and other
      encumbrances.

     

    
      
        
        

      

      
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    (c)  Seller
      has had a reasonable opportunity to ask questions of and receive answers from
      a
      person or persons acting on behalf of the Company concerning the Redemption
      of
      the Shares and the business, financial condition, and results of operations
      of
      the Company, and all such questions have been answered to the full satisfaction
      of the Seller.

    


    (d) Seller
      acknowledges and understands that the Company on or around the date of the
      consummation of the Redemption may sell shares of Common Stock, or other
      securities of the Company, to third parties at per-share, or effective
      per-share, purchase prices that may be higher or lower than the per share
      purchase price being paid hereunder by the Company for the Shares.
      Notwithstanding any such sales, the Seller agrees to accept the Purchase Price
      as full and fair payment for the Shares. 

    


    4. Representations
      of Company


     

    (a)  The
      Company is a corporation duly organized, validly existing and in good standing
      under the laws of the State of Delaware.

    


    (b)  The
      Company has all necessary corporate power and authority to enter into and to
      perform its obligations under this Agreement, and the execution, delivery and
      performance by the Company of this Agreement have been duly authorized by all
      necessary action on the part of the Company and its board of directors. This
      Agreement constitutes the valid and binding obligation of the Company,
      enforceable against the Company in accordance with its terms, subject to: (i)
      laws of general application relating to bankruptcy, insolvency and the relief
      of
      debtors; and (ii) rules of law governing specific performance, injunctive relief
      and other equitable remedies.

     

    5.  Miscellaneous.
      This
      Agreement constitutes the entire agreement of the parties, superseding and
      terminating any and all prior or contemporaneous oral and written agreements,
      understandings or letters of intent between or among the parties with respect
      to
      the subject matter of this Agreement. No part of this Agreement may be modified
      or amended, nor may any right be waived, except by a written instrument which
      expressly refers to this Agreement, states that it is a modification or
      amendment of this Agreement and is signed by the parties to this Agreement,
      or,
      in the case of waiver, by the party granting the waiver. If any section, term
      or
      provision of this Agreement shall to any extent be held or determined to be
      invalid or unenforceable, the remaining sections, terms and provisions shall
      nevertheless continue in full force and effect. This Agreement shall be governed
      and construed in accordance with the laws of the State of Delaware applicable
      to
      agreements executed and to be performed wholly within such State, without regard
      to any principles of conflicts of law. This Agreement shall be binding upon
      the
      parties and their respective heirs, executors, administrators, legal
      representatives, successors and assigns; provided, however, that neither party
      may assign this Agreement or any of its rights under this Agreement without
      the
      prior written consent of the other party. This Agreement may be executed
      simultaneously in two or more counterparts, each of which shall be deemed an
      original but all of which together shall constitute one and the same
      instrument.

     

    [Signature
      Page Follows]]

     

    
      
        
        

      

      
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    IN
      WITNESS WHEREOF,
      the
      parties hereto have caused this Agreement to be duly executed as of the date
      first above written. 

    
      	 	 	 
	 	
              VISION
                ACQUISITION V, INC.

            
	 
 	 
 	 
 
	 	By:  	
              /s/ Antti
                William Uusiheimala

            
	 	
              

            
	 	
              Name:
                Antti William Uusiheimala

              Title:
                President

            


    

    
      	
            	 	 
	 	
              
                VISION
                  OPPORTUNITY MASTER FUND, LTD.

              

            
	 
 	 
 	 
 
	 	By:  	
              /s/ Adam
                Benowitz

            
	 	
              

            
	 	
              Name:
                Adam Benowitz

              Title:
                Director

            


    

     

    
      
        
        

      

      
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