Document:

Unassociated Document

    EXHIBIT
      4.4

     

    STOCK
      PURCHASE AGREEMENT

    

    This
      Stock Purchase Agreement (the “Agreement”) is made as of this 29th day of
      January, 2008 between Belvedere SoCal, a California corporation and registered
      bank holding company (the “Company”) and Belvedere Capital Fund II L.P.,
      a
Delaware
      limited partnership(“Purchaser”).

     

    RECITALS

    

    WHEREAS
      the Company is the issuer of no par common shares (the “Shares”) which are
      quoted on the OTC Bulletin Board and  regarding which the Company
      files certain reports with the Securities and Exchange Commission pursuant
      to
      Section 15(d) of the Securities Exchange Act of 1934, as amended;

     

    WHEREAS
      the Company is preparing to issue up to $22 million of additional authorized
      but
      unissued Shares (the “Subject Shares”), and is willing and able to do so for the
      consideration and on the terms set forth herein;

     

    WHEREAS
      the Purchaser is an “accredited investor” as defined in Rule 501(a) promulgated
      by the Securities and Exchange Commission;

     

    WHEREAS
      the Purchaser is the principal owner of the Company and is familiar with its
      business prospects, and is willing and able to make an investment in the Subject
      Shares at the price and on the terms set forth herein;

     

    WHEREAS
      the proceeds from the sale of the Subject Shares will be used to fund the cash
      purchase price to be paid by the Company in its acquisition of Spectrum Bank,
      Irvine, California (the “Acquisition”); and

     

    WHEREAS
      Purchaser has provided significant
      assistance to the Company in connection with the structuring, formulation,
      analysis and negotiation of the Acquisition.

     

    NOW,
      THEREFORE, in consideration of the foregoing, the covenants and consideration
      set forth herein and other good and valuable consideration, the receipt and
      sufficiency of which are hereby mutually acknowledged, the parties hereby agree
      as follows:

     

    ARTICLE
      I

    DEFINITIONS

     

    When
      used
      in this Agreement with capitalized initials, unless the context clearly requires
      a different meaning, each of the following terms shall be given the meaning
      ascribed to it in this article, as follows:

     

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

     

    “Acquisition”
      shall have the meaning given such term in the recitals.

     

    “Act”
      means the Securities Act of 1933, as amended.

     

    “Business
      Day” means a day other than Saturday or Sunday when all or substantially all
      banks in California are open for business. The term shall exclude (1) every
      legal holiday established as such by the laws of the United States or the State
      of California, and (2) any other day on which banking institutions in San
      Francisco are authorized or obligated by law or by federal order to
      close.

     

    “Closing”
      means the consummation of the transaction contemplated by this Agreement, as
      set
      forth in Section 2.2.

     

    “Closing
      Date” means the date on which the Closing occurs, determined pursuant to Section
      2.2.

     

    “Company”
      shall have the meaning given such term in the first paragraph of this
      Agreement.

     

    “Governmental
      Entity” means any court or tribunal in any jurisdiction or any United States
      federal, state, district, domestic, or other administrative agency, department,
      commission, board, bureau or other governmental authority or
      instrumentality.

     

    “Law”
      means any statute or law or any judgment, decree, injunction, order, regulation
      or rule of any Governmental Entity.

     

    A
“party”
      shall mean the Company or the Purchaser.

     

    “Per
      Share Purchase Price” shall have the meaning given such term in Section
      2.1.

     

    “Person”
      means any natural person, corporation, trust, association, unincorporated body,
      partnership, joint venture, Governmental Entity, statutorily or regulatory
      sanctioned entity or any other person or organization which may be given
      standing as a person in any court located in the United States of
      America.

     

    “Purchaser”
      shall have the meaning given such term in the first paragraph of this
      Agreement.

     

    “SEC”
      means the United States Securities and Exchange Commission.

     

    “Shares”
      shall have the meaning given such term in the recitals.

     

    “Subject
      Shares” shall have the meaning given such term in the recitals.

     

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

     

    ARTICLE
      II

    PURCHASE
      AND SALE OF SHARES; TRANSACTION FEE

    

    Section
      2.1.  Purchase
      and Sale of Shares. Upon and subject to all the terms and conditions of
      this Agreement, the Company agrees to sell, and the Purchaser agrees to
      purchase, at the Per Share Purchase Price, a number of  Shares equal
      to 22 million divided by the Per Share Purchase Price.  The Per Share
      Purchase Price shall be equal to the average of the daily closing bid prices
      of
      a Share as reported on the OTC Bulletin Board during the 5 consecutive trading
      sessions prior to the Closing (as defined below), whether or not trades occurred
      on those days.

     

    Section
      2.2.  Closing. The closing
      of this transaction (the “Closing”) shall take place at the offices of the
      Company, One Maritime Plaza, Suite 825, San Francisco, California,
      simultaneously with the closing of the Acquisition (“Closing
      Date”).

     

    Section
      2.3.  Delivery
      and Payment. At the Closing, the Company shall deliver to the Purchaser a
      certificate or certificates, in such reasonable denominations as the Purchaser
      may have designated, and registered in the name of the Purchaser, representing
      the number of Subject Shares the Purchaser is acquiring in the transaction.
      At
      the same time and place, the Purchaser shall deliver $22 million by wire
      transfer of immediately available funds to an account designated by the
      Company.

     

    Section
      2.4.  Restricted
      Securities. Purchaser
      understands that the Subject Shares have not been registered with the SEC
      pursuant to the Act and therefore have the status of “restricted securities,”
which may not be sold or otherwise disposed of unless such sale or disposition
      has been registered with the SEC or is exempt from the registration requirement.
      Purchaser shall not sell or otherwise dispose of the Subject Shares without
      such
      registration or exemption, and until such time as the Subject Shares have been
      registered with the SEC, the Company shall direct its Secretary and transfer
      agent to refuse to transfer any of the Subject Shares on the records of the
      Company without receiving evidence reasonably satisfactory to the Company that
      such transfer is exempt from the registration requirement. All certificates
      representing the Subject Shares, whether upon original issuance or upon transfer
      (as, if and when permitted hereby and by applicable Law)  shall be
      endorsed with a legend giving notice of the transfer restriction to prospective
      purchasers, in form as follows:

     

    THE
      SHARES REPRESENTED HEREBY HAVE NOT
      BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”). THESE
      SHARES MAY NOT BE OFFERED FOR SALE, SOLD, TRANSFERRED, PLEDGED OR HYPOTHECATED
      TO ANY PERSON AT ANY TIME, IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT
      COVERING SUCH SHARES UNDER THE ACT OR AN OPINION OF COUNSEL SATISFACTORY TO
      THE
      COMPANY TO THE EFFECT THAT SUCH REGISTRATION IS NOT REQUIRED.

     

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

     

    Section
      2.5.  Transaction
      Fee.  In consideration of the services rendered by Purchaser to
      the Company in the Acquisition, the Company shall pay at the effective time
      of
      the Acquisition to the Purchaser a transaction fee equivalent to two percent
      (2%) of the total consideration paid to the Spectrum Bank shareholders, which
      is
      estimated to be approximately $740,000.

    
ARTICLE
      III

    PURCHASER’S
      WARRANTIES AND
      REPRESENTATIONS

    

    To
      induce the Company to enter into this
      Agreement, the Purchaser hereby warrants and represents as
      follows:

     

    Section
      3.1.  Standing
      and
      Capacity.  Purchaser has the capacity
      and all necessary power and authority necessary to enter into this Agreement
      and
      perform all its obligations hereunder.

     

    Section
      3.2.  Authority
      of
      Purchaser. The execution
      and delivery by Purchaser of this  Agreement and the consummation of
      the transactions contemplated by both have been duly and validly authorized
      by
      all necessary corporate or other organizational action on the part of Purchaser,
      and this Agreement is a valid and binding obligation of Purchaser enforceable
      in
      accordance with its terms, except as the enforceability thereof may be limited
      by bankruptcy, liquidation, receivership, conservatorship, insolvency,
      moratorium or other similar laws affecting the rights of creditors generally
      and
      by general equitable principles.  Neither the execution and delivery
      by Purchaser of this Agreement, the consummation of the transactions
      contemplated herein, nor compliance by Purchaser with any of the provisions
      hereof, will: (a) violate any provision of its charter documents; or (b) violate
      any Law applicable to Purchaser or any of its properties or assets. No consent
      of any Governmental Entity having jurisdiction over any aspect of the business
      or assets of Purchaser, and no consent of any Person, is required in connection
      with the execution and delivery by Purchaser of this Agreement or the
      consummation by Purchaser of the transactions contemplated
      hereby.

     

    Section
      3.3.  Compliance
      with Obligations.The
      execution and delivery by the Purchaser of this Agreement do not, and the
      performance by the Purchaser of its obligations hereunder and the transactions
      contemplated hereby will not, violate, conflict with or constitute a breach
      of,
      or a default under, any material agreement or instrument to which it is a party
      or which is binding on it or on its assets.

     

    Section
      3.4.  Consents
      and
      Approvals.All consents,
      approvals, authorizations and orders of Governmental Entities or other third
      parties required for the Purchaser to execute and deliver this Agreement and
      to
      purchase the Subject Shares, and otherwise to consummate the transactions
      contemplated hereby, have been obtained.

     

    Section
      3.5.  Litigation.There
      is no legal action, suit,
      investigation or proceeding pending or, to the knowledge of the Purchaser,
      threatened against or affecting the Purchaser or its assets which could
      materially and adversely affect its ability to perform or observe any obligation
      or condition under this Agreement.

     

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

     

    Section
      3.6.  Investor
      Qualifications. Purchaser
      is an “accredited investor” as defined by SEC Rule 501(a). Purchaser is
      experienced at evaluating and investing in companies of the same type as the
      Company, and has had the opportunity (a) to discuss the Company’s business,
      management and financial affairs with executives of the Company, (b) to study
      publicly available information about the Company and its industry as well as
      to
      review and study the books and records of the Company and the Bank, and (c)
      to
      seek the advice and reports of stock analysts, brokers, investment advisers,
      industry consultants, attorneys, accountants, and other experts about the value
      of the Subject Shares and the risks and benefits of an investment
      therein.

     

    Section
      3.7.  Investment
      Intent. Purchaser is
      purchasing for its own account, for investment purposes, and not with any
      intention to resell, assign, transfer or otherwise distribute the Subject Shares
      except as allowed by SEC Rule 144 or in an offering registered with the SEC
      under the Act.

     

    Section
      3.8.  Financing.
      Purchaser has funds available to
      it to consummate the purchase of the Subject Shares as contemplated by this
      Agreement.

     

    Section
      3.9.  No
      Brokers. Purchaser has not
      employed any broker, finder or intermediary in connection with the transactions
      contemplated by this Agreement so as to give rise to any valid claim against
      the
      Company for any brokerage commission, finder’s fee or similar
      compensation.

     

    Section
      3.10.  No
      Reliance. Purchaser is
      relying entirely on its own research, investigation and analysis to support
      its
      decision to purchase the Subject Shares.

     

    Section
      3.11.  Absence
      of
      FDIC insurance.  Purchaser acknowledges
      that
      the Subject Shares are not deposits of any bank and are not insured by the
      Federal Deposit Insurance Corporation or any Governmental Entity.

     

    ARTICLE
      IV

    TERMINATION

    

    Section
      4.1.  Termination.
      This Agreement may be terminated
      at any time prior to the Closing:

     

    (a)
      by the mutual written consent of the
      Purchaser and the Company; or

     

    (b)
      by either such Purchaser or the
      Company in writing  if the Closing shall not have occurred on or
      before the Closing Date.

     

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

     

    ARTICLE
      V

    MISCELLANEOUS

    

    Section
      5.1.  Further
      Assurances.Subject to the
      terms and conditions herein provided, each of the parties hereto agrees to
      use
      their best efforts promptly to take, or cause to be taken, all actions and
      promptly to do, or cause to be done, all things necessary, proper or advisable
      under applicable laws and regulations to consummate and make effective the
      transactions contemplated by this Agreement.

     

    Section
      5.2.  Survival
      of
      Provisions.Unless  provisions indicate an
      intention that an agreement is intended to survive Closing, all the covenants,
      representations and warranties of the parties contained in this Agreement shall
      expire upon the Closing, without prejudice to any claim for breach thereof
      which
      may have arisen before that time. All the provisions of this Article shall
      survive either Closing or termination.

     

    Section
      5.3.  Severability.
      If any term, provision, covenant
      or restriction of this Agreement is held by a court of competent jurisdiction
      to
      be invalid, void or unenforceable, the remainder of the terms, provisions,
      covenants and restrictions of this Agreement shall remain in full force and
      effect.

     

    Section
      5.4.  Injunctive
      Relief.The Company and the
      Purchaser acknowledge and agree that irreparable damage would occur in the
      event
      that any of the provisions of this Agreement were breached. It is accordingly
      agreed that the parties shall be entitled to an injunction or injunctions to
      prevent or cure breaches of the provisions of this Agreement in any court of
      the
United Statesor
      any state thereof having
      jurisdiction, this being in addition to any other remedy to which they may
      be
      entitled by law or equity. The party seeking injunctive relief shall not be
      required to prove actual damages to obtain relief.

     

    Section
      5.5.  Entire
      Agreement; Amendment.   This Agreement contains
      the
      entire understanding of the parties with respect to the transactions
      contemplated hereby. No agreements, understanding, representations or assurances
      shall have any effect unless set forth herein. This Agreement may be amended
      only by an agreement in writing executed by the parties
      hereto.

     

    Section
      5.6.  Counterparts.
      This Agreement may be
      executed by the parties hereto in counterparts each of which shall be deemed
      an
      original, but all of which together shall constitute one and the same
      instrument. Neither party shall be bound by this Agreement unless and until
      both
      parties have duly executed a counterpart hereof.

     

    Section
      5.7.  Notices.Any
      notice under or relating to
      this Agreement shall be given in writing and shall be deemed sufficiently given
      when delivered by hand or by confirmed facsimile transmission, on the second
      Business Day after a writing is consigned (delivery charges prepaid) to a
      commercial overnight courier, and on the fifth Business Day after a writing
      is
      deposited in the mail, postage and other charges prepaid, addressed as
      follows:

     

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

    

    
      	 	If
              to
              Company:	Belvedere
              SoCal
	 	 	One
              Maritime Plaza,
              Suite 825
	 	 	San
              Francisco,
              California 94111
	 	 	 
	 	with
              a copy to:	
              John
                F.
                Stuart, Esq.

              
                Reitner,
                  Stuart &
                  Moore

                1319
                  Marsh
                  Street

                San
                  Luis Obispo,
                  CA 93401

              

            
	 	 	
               

            
	 	If
              to Purchaser:	
              Belvedere
                Capital Fund II L.P.

              One Maritime Plaza, Suite 825

              San Francisco, California
                94111

            

    

    
       

    

    or
      to such other address as either party
      may, from time to time, designate in a written notice given in a like
      manner.

    

    Section
      5.8.  Waivers.
      No waiver by either party
      of any default with respect to any provision, condition or requirement hereof
      shall be deemed to be a waiver of any other provision, condition or requirement
      hereof; nor shall any delay or omission of either party to exercise any right
      hereunder in any manner impair the exercise of any such right accruing to it
      thereafter.

     

    Section
      5.9.  Submission
      to Jurisdiction; Consent to Service of Process. With respect to any claim
      arising out of
      this Agreement, (a) the Company and the Purchaser each irrevocably submits
      to
      the nonexclusive jurisdiction of the courts of the State of California and
      the
      United States District Court located in the City and County of San Francisco,
      and (b) the Company and the Purchaser each irrevocably waives any objection
      it
      may have at any time to the laying of venue of any suit, action or proceeding
      arising out of or relating to this Agreement brought in any such court,
      irrevocably waives any claim that any such suit, action or proceeding brought
      in
      any such court has been brought in an inconvenient forum and further irrevocably
      waives the right to object, with respect to such suit, action or proceeding
      brought in any such court, that such court does not have jurisdiction over
      such
      party; provided,
      however, that nothing
      in
      this Section 5.9 shall be deemed to preclude either the Company or the Purchaser
      from bringing an action or proceeding in respect of any such agreement in any
      other jurisdiction.

     

    Section
      5.10.  Successors
      and Assigns. Except insofar
      as transfer of the Subject Shares is restricted by this Agreement or by Law,
      this Agreement shall be binding upon and inure to the benefit of the parties
      and
      their successors and legal representatives.  No third party is
      intended to have any rights by reason of, or to enforce, any provision of this
      agreement.

     

    Section
      5.11.  Governing
      Law.THIS AGREEMENT SHALL
      BE GOVERNED BY AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE
      STATE OF CALIFORNIA.

     

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

     

    IN
      WITNESS WHEREOF, the Company and the
      Purchaser have caused this Agreement to be duly executed and delivered as of
      the
      date first above written.

    

    
      
        	BELVEDERE
                SOCAL	 	 	BELVEDERECAPITALFUNDII
                L.P.	 
	 	 	 	 	 
	 	 	 	 	 
	
                By:
                  _____________________________

              	 	 	
                By:
                  _____________________________

              	 
	
                Name/Title

              	 	 	
                Name/Title

              	 
	
                 

              	 	 	
                 

              	 

      

       

       

      8<PAGE>

EXHIBIT 10.1

                    SEPARATION AGREEMENT AND GENERAL RELEASE

I. PARTIES

       This Separation Agreement and General Release (this "Separation
Agreement" or this "Agreement"), effective as of February 1, 2008 (the
"Effective Date") is entered into between the following parties (the "Parties"):

       A. David Rane ("Rane"), individually and on behalf of his Related
Entities;(1) and

       B. World Waste Technologies, Inc. ("WWT"), on behalf of itself and its
Related Entities.

II. RECITALS

       This Separation Agreement is made with reference to the following facts:

       A. Rane currently serves as Chief Financial Officer of WWT pursuant to
that certain Employment Agreement, dated as of April 20, 2005, between Rane and
WWT (the "Employment Agreement").

       B. The Employment Agreement grants Rane the right to terminate his
employment thereunder in the event he is required to perform services at a
location which is 75 miles from his principal work site (the "Existing
Location") (any such termination being referred to as a resignation "for good
reason").

       C. In connection with the pending consolidation of WWT's corporate
offices, WWT has informed Rane that it will be closing its San Diego, California
offices and relocating employees to WWT's Cupertino, California office (the "New
Location").

       D. The New Location is in excess of 75 miles from the Existing Location.

       E. Rane has informed WWT that he is exercising his right under the
Employment Agreement to resign for good reason. Accordingly, as of the Effective
Date, Rane and WWT mutually agree that Rane shall resign as an officer and
employee of WWT.

       F. Rane and WWT wish to enter into this Agreement in order to set forth
the agreed upon terms of Rane's resignation and to provide for the granting of
mutual general releases.

_______________________

(1) For purposes of this Agreement, a Party's "Related Entities" shall be
defined as his or its past, present and future partners and partners of those
partners, successors, predecessors, assignees, beneficiaries, heirs, legatees,
devisees, executors, administrators, legal representatives, children, joint
venturers, principals, agents, trustees, attorneys, insurers, officers,
directors, employees, shareholders, affiliates and associates; its parent and
subsidiary corporations, divisions, affiliated companies and the officers,
directors, partnerships, representatives, employees, shareholders and affiliates
of each of them; and any other representative of the Party, including, without
limitation, in the case of WWT, TroyGould PC and its officers, directors,
shareholders and employees.

                                       1
<PAGE>

III. RELEASES

       A. Rane' Release of WWT.

            1. In consideration of the terms and provisions of this Separation
Agreement and in consideration of WWT's payments to Rane and WWT's agreements
and acknowledgments as set forth in Article VII, below, Rane, on behalf of
himself and on behalf of his Related Entities, hereby, generally and
unconditionally, relieves, releases, remises, acquits and forever discharges WWT
and its Related Entities, of and from any and all claims, demands, rights,
actions, causes of action, suits, contracts, debts, controversies, expenses,
liabilities, obligations, damages, losses, expenses (including, without
limitation, reasonable attorneys' fees, except as expressly set forth within
this Agreement), penalties, costs and allegations of any kind and character
whatsoever, whether legal, contractual, statutory, administrative or equitable
in nature or otherwise, whether known or unknown, suspected or unsuspected,
direct or indirect, absolute, fixed or contingent, that Rane now owns, holds,
has or claims to have, or owned at any time, held, had or claimed to have had or
may come to own, hold, have or claim to have against WWT and its Related
Entities arising out of or in connection with Rane' employment relationship with
WWT.

            2. The release set forth above includes, without limitation, all
claims, demands, causes of action, facts, transactions, occurrences,
circumstances, acts or omissions, or allegations of any kind and character
whatsoever asserted by Rane or which could have been asserted by Rane in
connection with Rane's employment and relationship with WWT, including any and
all facts in any manner arising out of, related or pertaining to or connected
with those claims or with the terms of or value of any consideration paid to
Rane in connection with Rane's employment and relationship with, or termination
of employment from, WWT, or any of its Related Entities, including, without
limitation, any claims based on, related to or arising from federal, state or
local laws (including, but not limited to, the Age Discrimination in Employment
Act, the California Labor Code, Title VII of the Civil Rights Act of 1964, as
amended, and the Fair Labor Standards Act) that prohibit employment
discrimination on the basis of race, national origin, religion, age, gender,
marital status, pregnancy, handicap, perceived handicap, ancestry, sexual
orientation, family or personal leave or of any other form of discrimination, or
from laws such as workers' compensation laws, which provide rights and remedies
for injuries sustained in the workplace or from any common law claims of any
kind, including, without limitation, contract, tort or property rights
including, but not limited to, breach of express or implied contract, breach of
the implied covenant of good faith and fair dealing, tortious interference with
contract or current or prospective economic advantage, fraud, deceit, breach of
privacy, misrepresentation, defamation, wrongful termination, tortious
infliction of emotional distress, loss of consortium, breach of fiduciary duty,
violation of public policy and any other common law claim of any kind
whatsoever, any claims for severance pay, sick leave, family leave, vacation,
life insurance, bonuses, health insurance, disability or medical insurance or
any other fringe benefit or compensation, or any claims relating to or arising
out of any purported right to stock or stock options in WWT (in each case except
as specifically provided for in Article VII below), and all rights or claims
arising under the Employment Retirement Income Security Act of 1974 ("ERISA") or
pertaining to ERISA regulated benefits (all collectively defined as "Rane's
Released Claims").

                                       2
<PAGE>

       B. WWT Release of Rane. In consideration of the terms and provisions of
this Separation Agreement and in consideration of Rane's agreements and
acknowledgments as set forth in Article VII, below, WWT, on behalf of itself and
on behalf of its Related Entities, hereby, generally and unconditionally,
relieves, releases, remises, acquits and forever discharges Rane and his Related
Entities of and from any and all claims, demands, rights, actions, causes of
action, suits, contracts, debts, controversies, expenses, liabilities,
obligations, damages, losses, expenses (including, without limitation,
reasonable attorneys' fees except as expressly set forth within this Agreement),
penalties, costs and allegations of any kind and character whatsoever, whether
legal, contractual, statutory, administrative or equitable in nature or
otherwise, whether known or unknown, suspected or unsuspected, direct or
indirect, absolute, fixed or contingent, that WWT now owns, holds, has or claims
to have, or owned at any time, held, had or claimed to have had or may come to
own, hold, have or claim to have against Rane or his Related Entities arising
out of or in connection with Rane's employment with WWT and all claims, demands,
causes of action, facts, transactions, occurrences, circumstances, acts or
omissions, or allegations of any kind and character whatsoever asserted by WWT
or which could have been asserted by WWT in connection with Rane's employment
relationship with WWT (all of these claims and Rane's Released Claims defined
collectively as the "Released Claims").

       C. Unknown Claims and Risks Released by the Parties. The Parties, and
each of them, hereby knowingly, voluntarily and expressly waive and relinquish
any and all rights and benefits that they may have under Section 1542 of the
California Civil Code, or under any similar provision of law of any state or
territory of the United States or any other jurisdiction and under any similar
or analogous principle of common law. The Parties, and each of them, expressly
understand that Section 1542 of the California Civil Code provides as follows:

                  "A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE
                  CREDITOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS FAVOR AT THE
                  TIME OF EXECUTING THE RELEASE WHICH, IF KNOWN BY HIM, MUST
                  HAVE MATERIALLY AFFECTED HIS SETTLEMENT WITH THE DEBTOR."

       The Parties, and each of them, agree and acknowledge that they are
familiar with Section 1542 of the California Civil Code. The Parties, and each
of them, further agree and acknowledge that their respective waivers of all
rights or any similar benefits under that Section and under any similar statutes
of any other jurisdiction (to the full extent that the Parties lawfully may
waive all such rights and benefits with respect to the subject matter of this
Separation Agreement) are essential terms of this Separation Agreement, without
which the consideration given pursuant to this Separation Agreement would not
have been given by the Parties, and each of them.

IV. ASSUMPTION OF RISK REGARDING RELEASED CLAIMS

       A. The Parties acknowledge that there is a risk that, after execution of
this Separation Agreement, they may discover, incur or suffer claims that were
unknown or unanticipated at the time of this Separation Agreement, including,
but not limited to, unknown or unanticipated claims that arise from, are based
upon or are related to any facts underlying the Released Claims, which had they
been known or more fully understood, may have affected the Parties' decisions to
execute the Separation Agreement as it currently is written. Each Party
knowingly and expressly assumes the risk of these unknown and unanticipated
claims and agrees that this Separation Agreement and the general releases set
forth within it apply to all such unknown, unanticipated or potential claims.

                                       3
<PAGE>

       B. Furthermore, it is the intention of the Parties, by entering into this
Separation Agreement, to settle and release fully, finally and forever all
Released Claims and any and all claims that now exist, or may have at any time
existed or shall come to exist in connection with Rane's employment relationship
with WWT. In furtherance of the Parties' intention, the releases given within
this Separation Agreement (including, without limitation, the waivers set forth
in Article III, paragraph C, above) shall be and remain in effect as full and
complete releases and discharges of the Released Claims and of any related
matters notwithstanding the discovery by any Party of the existence of any
additional or different claims or the facts relative to any such claims.

V. COVENANT NOT TO SUE

       A. Subject to the excepted matters set forth in Article VI, each Party to
this Separation Agreement agrees that he or it will forever refrain and forbear
from commencing, instituting or prosecuting any lawsuit, action or other
proceeding, in law, equity or otherwise, against any other Party or against any
Party's Related Entities, in any way arising out of or relating to the Released
Claims.

       B. The Parties acknowledge and agree that monetary damages alone are
inadequate to compensate any Party or any Party's Related Entities for injury
caused or threatened by a breach of this Covenant Not to Sue and that
preliminary and permanent injunctive relief restraining and prohibiting the
prosecution of any action or proceeding brought or instituted in violation of
this Covenant Not to Sue is a necessary and appropriate remedy in the event of
such a breach. Nothing contained in this Article, however, shall be interpreted
or construed to prohibit or in any way to limit the right of a non-breaching
Party or of any of its Related Entities to obtain, in addition to injunctive
relief, an award of monetary damages against any person or entity breaching this
Covenant Not to Sue and Separation Agreement.

VI. EXCEPTED MATTERS

       Notwithstanding the foregoing, any action or proceeding brought for
breach of or to interpret or enforce the terms of this Separation Agreement is
excepted from the Covenant Not to Sue set forth in Article V.

VII. ADDITIONAL AGREEMENTS BY THE PARTIES AND ACTS TO BE TAKEN BY THE PARTIES

       As additional consideration the Parties agree as follows:

       A. WWT will retain Rane as a non-exclusive consultant to provide the
services described below. The consultancy will commence on the Effective Date
and continue until the one-year anniversary thereof (the "Consultancy Period").
During the Consultancy Period, Rane will provide the following services:

                                       4
<PAGE>

            1. Preparation and filing with the SEC of WWT's Annual Report on
Form 10-K for the year ended December 31, 2007 (including execution of
Sarbanes-Oxley Act certifications);

            2. Preparation and filing with the SEC of WWT's Quarterly Reports on
Form 10-Q for the three and six months ended March 31, 2008 and June 30, 2008,
respectively (or, in the event that at any point during the preparation of
either Report, his successor is in place, then to be actively available, in
person and/or by telephone, to consult with his successor regarding the full
preparation and filing of any such Report); and

            3. To be available to WWT on a periodic basis with respect to
transition activities assigned to him by the CEO, including assisting his
successor with the full preparation and filing of Reports with the SEC, and
assisting with respect to transition issues that might arise as a result of the
recapitalization of WWT or due to merger of any other entity with or into WWT.
It is agreed by Rane that, notwithstanding the provisions of paragraph H below,
WWT shall be permitted to reduce the payments otherwise due to Rane hereunder by
any amounts paid to him during the Consultancy Period by any such other merged
or successor entity and/or as a result of the sale of WWT's business.

       B. During the Consultancy Period, Rane will report to John Pimentel, or
his successor, and shall have flexible work periods. Although Rane will not be
required to account for his time, he shall be available on a timely basis.

       C. WWT will pay Rane's salary continuation of $18,666.66 per month from
the Effective Date through the end of the Consultancy Period. The salary
continuation will be paid in accordance with the usual WWT payroll practices.
Rane will receive reimbursement of all expenses incurred directly and indirectly
pertaining to WWT during the Consultancy Period.

       D. Rane currently holds options to purchase a total of up to 750,000
shares of WWT common stock under WWT's 2004 and 2007 Stock Option Plans (the
"Options"). The Options will continue to vest until the end of the Consultancy
Period and shall thereafter remain in effect in accordance with their terms.

       E. To the extent permitted by law, during the Consultancy Period, WWT
will provide Rane with the same level of benefits that he was receiving as of
the Effective Date (i.e. medical, dental and vision insurance coverage).
Medical, dental and vision insurance will be provided through COBRA. The COBRA
premium will be paid by Rane and reimbursed by WWT.

       F. WWT and Rane will jointly prepare and cause to be timely filed with
the SEC a Current Report on Form 8-K relating to Rane's separation and
consultancy with WWT. Rane agrees that he will make no other public statements
regarding his separation or the details of this Agreement.

                                       5
<PAGE>

       G. During the Consultancy Period, Rane shall be entitled to continue full
use of WWT's office, office staff and office equipment (computer, facsimile
equipment, cellular telephone, voicemail, blackberry, etc) to enable him to
fulfill his duties hereunder. Notwithstanding the foregoing, Rane agrees and
acknowledges that WWT will close its San Diego office during the Consultancy
Period, at which time Rane will continue to provide the services hereunder from
his personal residence. Any expenses, direct or indirect, Rane may incur
fulfilling his duties during the Consultancy Period shall be reimbursed by WWT
upon submittal of proper documentation. Upon the end of the Consultancy Period,
Rane shall return all WWT property to WWT (including for example, office
equipment, cellular phone and blackberry)

       H. Except as provided herein, Rane's receipt of compensation from
employment, consulting or otherwise after the Effective Date shall have no
effect on his right to salary continuation hereunder, and he shall have no
obligation to mitigate by seeking employment, consulting or other assignments
for purposes of this Agreement.

       I. The Parties acknowledge and agree that, as of the Effective Date, Rane
has been paid for all salary, reimbursable expenses, accrued vacation, or for
any other amounts that arise out of or relate in any way to Rane's employment or
to services rendered to WWT by Rane up to and including the Effective Date.

       J. Non-Compete. Rane agrees that from the Effective Date through the end
of the Consultancy Period, he shall not, without written permission from WWT's
CEO, directly or indirectly, as employee, agent, consultant, stockholder,
director, partner or in any other individual or representative capacity, own,
operate, manage, control, engage in, invest in or participate in any manner in,
as a consultant or advisor to, render services for (alone or in association with
any person, firm, corporation or entity), or otherwise assist, for compensation
or otherwise, any person or entity that engages in or owns, invests in,
operates, manages or controls any venture or enterprise that is a direct
competitor of WWT; provided, however, that nothing contained in this Agreement
shall be construed to prevent Rane from investing in the stock of any competing
corporation listed on a national securities exchange or traded in the
over-the-counter market, but only if: (1) Rane is not involved in the business
of said corporation, and (2) if Rane and his Related Entities collectively do
not own more than an aggregate of 5% of the stock of such corporation, and (3)
such investment does not violate WWT's Insider Trading Policy.

       K. Non-Solicitation. Rane agrees that from the Effective Date and through
the end of the Consultancy Period, Rane will not interfere with or disrupt or
attempt to disrupt WWT's business relationship with its customers or suppliers
or solicit any of the employees of WWT to leave the employment of WWT.

VIII. REPRESENTATIONS AND WARRANTIES

       A. No Other Representation. Each of the Parties represents, warrants and
agrees that, in executing this Separation Agreement, he or it has relied solely
on the statements expressly set forth within this Agreement. Each of the Parties
further represents, warrants and agrees that, in executing this Separation
Agreement, he or it has placed no reliance whatsoever on any statement,
representation or promise of any other Party, or any other person or entity,
that is not expressly set forth within this Agreement, or upon the failure of
any other Party, or any other person or entity, to make any statement,
representation or disclosure of anything whatsoever. The Parties have included
this clause: (1) to preclude any claim that any Party was without the advice of
counsel; and (2) to preclude the introduction of parol evidence to vary,
interpret, supplement or contradict the terms of this Agreement.

                                       6
<PAGE>

       B. Factual Investigation. Each of the Parties represents, warrants and
agrees that he or it has made a sufficient investigation of all matters
contained in or related to this Agreement as he or it deems necessary or
desirable.

       C. Authority. Each of the Parties represents, warrants and agrees that he
or it has the full right, power and authority to execute this Separation
Agreement and that the person executing this Agreement on his or its behalf has
the full right, power and authority to commit and to bind that Party fully to
the terms of this Agreement. The Parties expressly covenant and warrant to each
other and their Related Entities that they have the right, power, and authority
to bind each and all of their Related Entities with respect to each and every
provision of this Agreement which affects, or purports to affect, any or all of
said Related Entities. In the event that any Related Entity makes any assertion
that conflicts with the intent of the prior sentence, the Party making the
representation shall fully indemnify, hold harmless and defend the affected
Party and his or its Related Entities for the consequences of such assertion.

       D. No Assignment. Each of the Parties represents, warrants and agrees
that there has been no assignment or transfer, including, without limitation, by
way of subrogation or operation of law or otherwise, to any person or entity
whatsoever of claims released by that Party. Each Party, to the extent any
particular Party breaches this representation or warranty, agrees to defend, to
indemnify and to hold harmless any non-breaching Party to this Agreement from
and against any and all claims, allegations, demands, liabilities, losses,
obligations, promises, damages, costs, expenses (including, without limitation,
attorneys' fees and costs of investigation), lawsuits, actions (in law, equity
or otherwise), causes of action, rights and privileges actually incurred as a
result of that breach.

IX. GENERAL

       A. Full Integration. Except for (i) the Indemnity Agreement between WWT
and Rane; (ii) the Stock Option Agreements to which WWT and Rane are parties as
referred to in Article VII, paragraph D; (iii) the Employee Proprietary
Information and Inventions Agreement, dated as of October 13, 2004, between WWT
and Rane; and (iv) WWT's Statement of Policy on Securities Trading By Company
Personnel and Consultants, acknowledged by Rane on October 15, 2004, all of
which shall remain in effect in accordance with their respective terms, this
Separation Agreement is the final written expression and the complete and
exclusive statement of all of the agreements, conditions, promises,
representations and covenants between the Parties with respect to the subject
matter of this Agreement, and replaces and supersedes all prior, former or
contemporaneous agreements, negotiations, understandings, representations,
discussions or warranties between the Parties, their respective representatives,
and any other person or entity, with respect to the subject matter of this
Agreement. Any modification, alteration or amendment of this Agreement shall be
non-binding, ineffective or invalid unless it is in writing, specifically refers
to this Agreement and is signed by the Party to be charged with the
modification, alteration or amendment or by a duly authorized representative of
that Party.

                                       7
<PAGE>

       B. No Admissions. Each of the Parties expressly acknowledges and agrees
that this Agreement represents a settlement of disputed claims and is not, in
any respect, nor for any purpose, to be deemed or construed to be an admission
or concession of any liability or wrongdoing by any Party whatsoever or of the
existence of any claim. Furthermore, this Separation Agreement shall not be
deemed to be for the benefit of, or to confer any rights of any kind or nature
whatsoever upon, any third party (whether a person or entity) other than the
Related Entities.

       C. Waiver And Severability. No waiver of any term, covenant or condition
of this Separation Agreement shall be construed as a waiver of any other term,
covenant or condition, nor shall any waiver of any default under this Separation
Agreement be construed as a continuing waiver of any term, condition or covenant
or as a waiver of any other default. Furthermore, in the event any portion of
this Agreement is found, judicially or otherwise, to be unlawful, void or, for
any other reason, unenforceable, that provision shall be deemed severable from
this Agreement and the invalidity or lack of enforceability shall not affect the
validity and enforceability of the remaining portions of this Agreement.

       D. California Law Governs. This Separation Agreement shall be construed
and enforced in accordance with, and governed by, the internal, substantive laws
of the State of California.

       E. Arbitration. The Parties agree that any dispute arising under or in
connection with this Agreement shall be submitted to binding arbitration in
accordance with California Code of Civil Procedure ss.ss. 1280 - 1294.2 before a
single neutral arbitrator. Each Party understands that he or it is waiving his
or its rights to a jury trial.

       The Party demanding arbitration shall submit a written claim to the other
Party setting out the basis of the claim. Demands shall be presented in the same
manner as notices under this Agreement. The Parties will attempt to reach
agreement on an arbitrator within ten (10) business days of delivery of the
arbitration demand. After this ten (10) business-day period, either Party may
request a list of seven professional arbitrators from the American Arbitration
Association or another mutually agreed service. The Parties will alternately
strike names until only one person remains and that person shall be designated
as the arbitrator. The Party demanding arbitration shall make the first strike.

       The arbitration shall take place in or within five miles of San Diego,
California, at a time and place determined by the arbitrator. Each Party shall
be entitled to discovery of essential documents and witnesses and to deposition
discovery, as determined by the arbitrator, taking into account the mutual
desire to have a fast, cost-effective, dispute-resolution mechanism. The Parties
will attempt to cooperate in the discovery process before seeking the
determination of the arbitrator. Except as otherwise determined by the
arbitrator, each Party will be limited to no more than three (3) depositions.
The arbitrator shall have the powers provided in California Code of Civil
Procedure ss.ss. 1282.2 - 1284.2 and may provide all appropriate remedies at law
or equity.

                                       8
<PAGE>

       The arbitrator will have the authority to entertain a motion to dismiss
and/or a motion for summary judgment by either Party and shall apply the
standards governing such motions under California law, unless the standards for
another judicial forum supersede California law. The arbitrator shall render,
within sixty (60) days of completion of the arbitration, an award and a written,
reasoned opinion in support of that award. Judgment on the award may be entered
in any court having jurisdiction.

       WWT will pay the arbitrator's expenses and fees, all meeting room charges
and any other expenses that would not have been incurred if the case were
litigated in the judicial forum having jurisdiction over it. Unless otherwise
ordered by the arbitrator pursuant to law or this Agreement, each Party shall
pay its own attorneys' fees, witness fees and other expenses incurred by the
Party for his or its own benefit. Rane's share of any filing, administration or
similar fee shall be no more than the then current filing or other applicable
fee in California Superior Court or, if applicable, other appropriate tribunal
with jurisdiction.

       Notwithstanding the foregoing, any Party seeking injunctive relief for a
breach of Section V of this Agreement may bring an action in the Superior Court
for the State of California, County of San Diego.

       F. Counterparts, Copies, Faxed Signatures. This Separation Agreement may
be executed in counterparts by the Parties, and, when each Party has signed and
delivered at least one counterpart to the other Party, each counterpart shall be
deemed an original and, taken together, shall constitute and be deemed to be one
and the same Agreement, and shall be binding and effective as to both Parties.
In addition, true and correct copies may be used in lieu of the original
Agreement for any purpose whatsoever. Faxed copies of the Agreement and faxed
signature pages shall be binding and effective as to all Parties and may be used
in lieu of the original Agreement, and, in particular, in lieu of original
signatures, for any purpose whatsoever.

       G. Headings. The headings to the articles and paragraphs of this
Agreement are inserted for convenience only and will not be deemed a part of
this Agreement, nor will the headings affect the construction or interpretation
of the provisions contained within this Agreement.

       H. Survival Of Warranties. All representations and warranties contained
within this Agreement shall survive its execution, effectiveness and delivery.
It is expressly understood and agreed by the Parties that none of the releases
or covenants set forth within this Agreement are intended to or do release or
affect any claims or rights specifically arising out of this Agreement or the
breach of it.

       I. Further Instruments. The Parties shall execute and deliver further
instruments, documents or papers and shall perform all acts necessary or proper
to carry out and effectuate the terms of this Agreement as may be required by
the terms of this Agreement or as may be reasonably requested by any Party to
this Agreement.

                                       9
<PAGE>

       J. No Presumption From Drafting. This Agreement has been negotiated at
arm's-length between persons knowledgeable in the matters set forth within this
Agreement. Accordingly, given that all Parties have had the opportunity to
draft, review and/or edit the language of this Agreement, no presumption for or
against any Party arising out of drafting all or any part of this Agreement will
be applied in any action relating to, connected with or involving this
Agreement. In particular, any rule of law, including, but not limited to,
Section 1654 of the California Civil Code, or any other statutes, legal
decisions, or common law principles of similar effect, that would require
interpretation of any ambiguities in this Agreement against the Party that has
drafted it, is of no application and is hereby expressly waived. The provisions
of this Agreement shall be interpreted in a reasonable manner to effect the
intentions of the Parties.

       K. Benefits Successors. Except as limited by the terms of this Agreement,
this Separation Agreement shall be binding upon and shall inure to the benefit
of each of the Parties and to their respective heirs, executors, administrators,
assigns, successors-in-interest, representatives, trustees, beneficiaries and
Related Entities.

       L. All Terms Are Contractual. Each term of this Separation Agreement is
contractual and not merely a recital.

       M. Voluntary Execution of Agreement. Rane represents that he has
carefully read this entire Separation Agreement and that he knows and
understands its contents. Rane has had the opportunity to receive independent
legal advice from attorneys of his choice with respect to the preparation,
review and advisability of executing this Separation Agreement. Rane further
represents and acknowledges that he has freely and voluntarily executed this
Separation Agreement after independent investigation and without fraud, duress,
or undue influence, with the full understanding of the legal and binding effect
of this Separation Agreement. Rane thereby knowingly waives the twenty-one (21)
day period under the Older Workers Benefits Protection Act to review this
Separation Agreement with his attorney prior to signing.

       N. Right of Revocation. With respect only to claims arising under the Age
Discrimination in Employment Act ("ADEA"), Rane has the right to revoke this
Separation Agreement for any reason within seven (7) days after he signs it. To
be effective, Rane's notice of revocation must be in writing and must be hand
delivered or mailed to John Pimentel, World Waste Technologies, Inc., 10600
North DeAnza Boulevard, Suite 250, Cupertino, CA 95014, within the seven (7) day
period. If mailed, the revocation must be postmarked within the seven (7) day
period, properly addressed and sent by certified mail, return receipt requested.
If hand-delivered, it must be given to John Pimentel within the seven (7) day
period.

       IN WITNESS WHEREOF, the Parties have approved and executed this
Separation Agreement on the dates set forth opposite their respective
signatures.

DATE:  February 1, 2008                  DAVID RANE

                                         /s/ David Rane
                                         ---------------------------------------
                                         David Rane

DATE:  February 1, 2008                 WORLD WASTE TECHNOLOGIES, INC.

                                         By: /s/ John Pimentel
                                             -----------------------------------
                                             Its: CEO

                                       11

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