Document:

China Biologic Products, Inc.: Exhibit 10.5 - Prepared by TNT Filings
Inc.

  

Supplemental Equity Transfer Agreement 

English Translation 

This Supplemental Equity Transfer Agreement
is entered into as of April 18, 2009 in Tai'an city by and between the following
parties: 

Transferor: Fan Qingchun (hereinafter the
"Transferor") 

The Transferee: Shandong Taibang Biological Products Co.,
Ltd. (hereinafter, the "Transferee")

WHEREAS on October 10, 2009, Transferor entered into an
Equity Transfer Agreement (The "Equity Transfer Agreement") with Transferee,
pursuant to the Equity Transfer Agreement, the Transferor agrees to sell to
Transferee 35% equity interest in Xi'an Huitian Blood Products Co., Ltd. ("Huitian").
To date, Transferor still could not calculate an accurate amount of capital
gains associated with the equity interest transfer. As well, Transferor could
not determine the precise amount of income tax in collection with above
mentioned capital gains and could not determine whether Transferee is
responsible for withholding the amount of capital gain tax from the remaining
payment on behalf of Transferor. 

NOW THEREFORE both parties to this agreement, through
amicable consultation based on the principle of mutual cooperation and benefit,
hereby agrees as the follows: 

	
  Section 2-2-3 of
  the Equity Transfer Agreement reads, "There shall be interests accrued upon
  the Transferee's unpaid transfer price, calculated at annual rate of 8% from
  October 1, 2008. The balance of the transfer price shall be fully paid within
  5 business days following the 6 months anniversary of October 1, 2008." The
  section is now amended as below, "The shall be interest accrued based upon the
  Transferee's unpaid transfer price, calculated at annual rate of 8% and 5.5%
  for two periods covering from October 1, 2008 to March 31, 2009, and April 1
  2009 to June 30, 2009, respectively. The balance of the transfer price shall
  be fully paid within business 5 days following June 30, 2009." 

 

	
  Before July 7,
  2009, Transferor is responsible for finalizing the calculation on above
  referenced capital gain and determining whether Transferee has withholding
  responsibility on capital gain tax through consultation with Local Tax Bureau.
  Moreover, Transferor shall provide any written evidence issued by Tax Bureau
  on withholding liability of Transferee if there is any. Should Transferee is
  responsible for withholding the capital gain tax on behalf of Transferor,
  Transferee will deduct the withholding tax and submit the entire amount to
  regional Tax bureau office where Transferee locates at, then submit the
  balance amount after deduction of withholding tax to any designated account
  instructed by Transferor. 

 

	
  Except above
  amendment, the rest section thereof Equity Transfer Agreement remains
  unchanged. 

 

	
  This Agreement is
  made in two copies with one copy for each party.Table of Contents

EXHIBIT 4.16 

English Language Summary 

Financing Agreement (the “Agreement”) through the opening of a credit line – Contrato de Abertura de Crédito N. 02449992-B 

			
	 	 	 
	Parties: 	 	Vivo S.A., as borrower, and Banco do Nordeste do Brasil S.A. (“BNB”), as financing party. 

	 	 	

	Guarantor: 	 	Vivo Participações S.A. 

	 	 	

	Date: 	 	October 30, 2008 

	 	 	

	Purpose: 	 	Opening of a credit line, through the lending of funds from the Constitutional Fund for the Development of the Northeast (Fundo Constitucional de Financiamento do Nordeste – FNE- PROINFRA), for (i) the expansion of the mobile communications network in the States of Bahia, Sergipe and Maranhão, and (ii) the implementation of the mobile communications network in the States of Alagoas, Ceará, Piauí, Paraíba, Rio Grande do Norte and Pernambuco (collectively, the “Project”). 

	 	 	

	Amount: 	 	The credit line is for a total amount of R$389 million, divided in three tranches: (i) R$129,653,700 to be released on October 30, 2008, (ii) R$129,653,700 to be released on April 30, 2009, and (iii)129,692,600 to be released on October 30, 2009. 

	 	 	

	Payment: 	 	Principal. The principal amount of the credit line shall be paid in 72 monthly installments, with the first payment due on November 30, 2010 and thereafter on the 30th day of each month until October 10, 2016. The principal amount due each month is R$5,402,778. 

	 	 	

	 	 	Interest. The principal amount shall bear interest at an annual rate of 10%, compounded monthly and computed over the average daily balance of the borrowed amounts during the relevant period. The interest rate can be increased or decreased by BNB pursuant to Law 10,177/2001, article 1, paragraphs 3 and 4. Interest payments are due (i) quarterly, on the 30th day of the relevant month from October 30, 2008 to October 30, 2010, or (ii) monthly, commencing on November 30, 2010, on the same dates that the amortization of the principal is due. 

	 	 	

	Guarantees: 	 	Surety. Vivo Participações S.A. has executed the Agreement as Vivo S.A.’s guarantor and principal payer of the amounts due under the Agreement, assuming joint and several liability for all obligations assumed by Vivo S.A.

	 	 	

	 	 	Letter of Credit. The borrower shall obtain a letter of credit from a leading bank in the amount of R$389 million, and maintain such letter in force through the term of the Agreement, in an amount equal to 100% of the balance of the amounts due under the Agreement. 

	 	 	

	 	 	Escrow account. The borrower shall maintain an account with BNB with a minimum balance equal to 3 installments of principal and interest due (reference amount R$25.9 million).

	 	 	

	Material covenants: 	 	(i) The borrower commits to use funds of its own in the amount of R$297,219,485.30 to develop the Project, in addition to the credit line amount; (ii) The borrower has an ongoing obligation to implement the Project and to properly document expenditures for which it must provide proof to BNB from time to time; (iii) Standard financial covenants applied by BNB in its credit agreements (Disposições Gerais Aplicáveis aos Instrumentos de Crédito no Banco do Nordeste do Brasil S.A.) are incorporated by reference. 

	 	 	

	Acceleration: 	 	Any breach of the Agreement by the borrower which is not cured within 30 days can result in all amounts due under the Agreement being immediately due. Other material acceleration events are listed and include (i) the borrower having bona fide claims of debt past due in excess of R$50 million, (ii) the borrower securing financing for any items included in the scope of the Agreement, (iii) any reorganization involving the borrower that would result in Telefonica S.A. and Portugal Telecom S.G.P.S. S.A. not being the controlling shareholders of the borrower, except if the new controlling shareholder has an “investment grade” credit rating by Moody’s, Fitch or S&P. 

Ex 4.16-1EX-10.1

EXHIBIT 10.1

ASSET PURCHASE AND SUPPORT SERVICES AGREEMENT

ASSET PURCHASE AND SUPPORT SERVICES AGREEMENT (this “Agreement”) dated effective as of April
20, 2009, by and between LANDTEC NORTH AMERICA, a California corporation (“Buyer”), and VIASPACE
INC., a Nevada corporation (“Seller”). Buyer and Seller are individually referred to as a “Party”
or collectively as the “Parties” herein.

R E C I T A L S

WHEREAS, Seller owns and operates a tunable diode laser-based humidity sensor business in the
U.S. (the “Transferred Business”) and also owns fuel cell, battery, and test equipment businesses,
and an interest in Ionfinity LLC,, and holds indirectly holds majority ownership in a BVI and
China-based enterprise manufacturing copyrighted artwork sold and marketed in major U.S. retail
stores and harvesting fast-growing grass for biotech and animal feed purposes.

WHEREAS, Buyer desires to purchase from Seller and Seller desires to sell to Buyer, on the
terms and subject to the conditions of this Agreement, the assets of the humidity sensor business
(the “Assets”) in connection with the Transferred Business in exchange for the consideration
described in Section 1 below;

AGREEMENT

NOW, THEREFORE, in consideration of the premises of the mutual agreements and covenants
hereinafter set forth, the Parties agree as follows:

Section 1. Purchase of Assets and Support Services.

1.1 Assets. Seller hereby sells, assigns, conveys and otherwise transfers
(“Transfer”) to Buyer, and Buyer’s successors and assigns, all of the right, title and interest in
and to the Assets held by Seller, which consist of the following described assets (collectively,
the “Purchased Assets”):

(a) trade and assumed names VIASENSOR; HS-1000, HS-2000, HS-3000, and all variations;

(b) customer lists and customer orders received after Closing (as defined in Section
6);

(c) Seller’s patent rights and intellectual property related to the humidity sensor
including issued US patent number 7,499,169, and any other patent applications, brochures,
manuals, sales presentations and assembly drawings, instructions, software, calibration
instructions and shipping instructions;

(d) parts inventory;

(e) prototype and tradeshow demonstration units;

(f) manufacturing equipment and calibration equipment owned by the company including
computers and monitors, IC programmer and oscilloscope;

(g) Drawings of all parts and/or components of the humidity sensor (a complete printed
set and the original CAD);

(h) Assembly drawings for the humidity sensor (a complete printed set and the original
CAD files);

(i) Works instructions explaining how to assemble the humidity sensor;

(j) Works instructions explaining how to calibrate the humidity sensor including
acceptable limits;

(k) A complete bill of materials for the humidity sensor;

(l) A complete list of suppliers of each part or assembly;

(m) Circuit diagrams for all circuits in the humidity sensor including interconnection
diagrams;

(n) Printed Circuit Board (“PCB”) information for each PCB within the humidity sensor,
a complete bill of materials for each PCB, a full set of Gerber files for each PCB;

(o) Original CAD design file for each PCB;

(p) Purchase specification/special considerations for each PCB;

(q) Software files containing original source code;

(r) Software release notes, including known bugs;

(s) Copy of compiler used and any related license;

(t) Copy of compiled code as binary file (so you can still make copies even if compiler
problems);

(u) All software documentation;

(v) Software version control log;

(w) Details of development environment;

(x) Any test gear related to the humidity sensor;

(y) List of customers and contact information;

(z) List of distributors and contact information; and

(aa) all inventions, technology, processes, concepts (documented or undocumented),
patents (and the right to recover for past infringements thereof), patent applications,
licenses, trade secrets, trademarks (and the right to recover for past infringements
thereof), designs and drawings of Seller elated to the humidity sensor.

(bb) rights of Seller under all agreements relating to such assets set forth in
sub-sections (a) through (aa), above, including but not limited to distributor,
representative, teaming agreements.

(cc) all right, title and interest of Seller in and to all Intellectual Property rights
relating to such assets set forth in sub-sections (a) through (aa) above, including without
limitation all books, payment records; accounts; correspondence; production records;
technical, accounting and procedural manuals; development and design data; and other useful
business records utilized in the conduct of or relating to the Purchased Assets
(collectively, “Records”).

1.2 Excluded Assets. Notwithstanding anything contained in Section 1.1 to the
contrary, Seller shall not Transfer to Purchaser, and Purchaser shall not accept the Transfer of,
the following properties, assets and rights, all of which shall be retained by Seller (the
"Excluded Assets”):

(a) Seller’s rights under this Agreement;

(b) Seller’s Accounts Receivable for products or services arising out of transactions
prior to Closing;

(c) Securities of VIASPACE GREEN ENERGY, Inc., a British Virgin Islands corporation
(“VGE”), VIASPACE, Direct Methanol Fuel Cell Corporation (DMFCC) and all assets of VGE,
VIASPACE, DMFCC, and all securities and assets not explicitly covered under this Agreement.

1.3 Closing. At the Closing, subject to the terms and conditions hereof, the Seller
shall deliver to Buyer an executed Bill of Sale in the form attached hereto as Exhibit “A” (“Bill
of Sale”); an executed Assignment of Contracts in the form attached hereto as Exhibit “B”
(“Contracts Assignment”); and an executed Assignment of Patent in the form attached hereto as
Exhibit “C” (“Patent Assignment”); and the Buyer shall deliver to Seller a receipt for cash payment
paid.

1.4 Support Services. Seller, through its designated representatives Carl Kukkonen
and Steve Muzi, will provide support and consulting services (collectively, “Support Services”) to
Buyer relating to the manufacturing of the Assets and the modification of the Assets to Buyer
applications, including testing and troubleshooting, for a period of sixty (60) days after the sale

1.5 Purchase Price and Charges for Support Services. Buyer shall pay Seller Two
Hundred Ten Thousand Dollars ($210,000) (the “Purchase Price”) for the purchase of the Purchased
Assets and for the Support Services allocated as follows:

(a) Sixty Thousand Dollars ($60,000) for the Purchased Assets payable at the time of
the closing; and

(b) One Hundred Fifty Thousand ($150,000) for the Support Services of which One Hundred
Ten Thousand Dollars ($110,000) will be payable at the Closing and Forty Thousand Dollars
($40,000) will be payable sixty (60) days after the Closing conditioned upon performance of
the Support Services. The Support Services provided will be supplemented by the efforts of
Joe McMenamin and Nate Hurvitz which will be separately contracted and paid for by Buyer.

1.6 Liabilities. Other than the obligations of Seller under the Assumed Contracts (as
defined in the Contracts Assignment) on and after the Closing, Buyer shall not assume nor shall
Buyer or any affiliate, or any officer, director, employee or stockholder of Buyer be deemed to
assume, and none of the foregoing persons shall be liable for, any of the liabilities, obligations,
litigation, disputes, debts, payables counterclaims, rights of set-off or return of Seller of any
kind or nature, contingent or otherwise, known or unknown, direct or indirect, whether in existence
on or prior to or after the date of Closing.

1.7 Definitions.

"Accounts Receivable” shall mean any and all accounts receivable, notes and other amounts
receivable from third parties, whether or not in the ordinary course, together with any unpaid
financing charges accrued thereon.

"Intellectual Property” shall mean, patents, patent applications, patent rights, trademarks,
trademark applications, trade names, service marks, service mark applications, copyrights,
copyright applications, franchises, licenses, databases, domain names, pages on the World Wide Web,
computer programs and other computer software, including the software programs, server codes,
database codes and HTML codes, if any, developed by Seller, trade secrets, customer lists,
proprietary technology, processes and formulae, source code, object code, algorithms, architecture,
structure, display screens, layouts, development tools, instructions, templates, marketing
materials, inventions, trade dress, logos and designs, and all documentation and all media
constituting, describing or relating to the foregoing including but not limited to recommended
product features.

"License” shall mean any contract or agreement that grants a person the right to use or
otherwise enjoy the benefits of any Intellectual Property (including without limitation any
covenants not to sue with respect to any Intellectual Property).

"Material Adverse Effect” means, with respect to Seller, a material adverse change in or
effect on (a) the validity or enforceability of this Agreement, (b) the ability of Seller to
perform its obligations under this Agreement or any document related to the Transferred Business to
which Seller is a party or (c) the business, assets, conditions (financial or otherwise), results
of operations relating to the Transferred Business.

Section 2. Representations and Warranties of Seller. Seller hereby represents and warrants
to, and agrees with, Buyer as follows:

2.1 Existence and Good Standing. Seller is a corporation duly organized, validly
existing and in good standing under the laws of its state of incorporation and has all necessary
power and authority to carry on its business as now being conducted and to own the Assets. The
Company is duly qualified or duly licensed to transact business and is in good standing in each
jurisdiction in which the nature of the business conducted by it makes such qualification necessary

2.2 Authorization and Validity of Agreement. Seller has full power and authority to
execute and deliver this Agreement, to perform its obligations hereunder, and to consummate the
transactions contemplated hereby. The execution, delivery and performance of this Agreement by
Seller, and the consummation by it of the transactions contemplated hereby, have been duly and
validly authorized and approved by all necessary corporate action of Seller. This Agreement has
been duly and validly executed and delivered by Seller and is a valid and binding obligation of
Seller, except (i) as limited by applicable bankruptcy, insolvency, reorganization, moratorium, and
other laws of general application affecting enforcement of creditors’ rights generally and (ii) as
limited by laws relating to the availability of specific performance, injunctive relief, or other
equitable remedies.

2.3 Consents and Approvals; No Violations. The execution, delivery and performance of
this Agreement by Seller and the consummation by Seller of the transactions contemplated hereby
will not, with or without the giving of notice or the lapse of time or both: (a) violate, conflict
with, or result in a breach or default under any provision of the organizational documents of
Seller; (b) violate any statute, ordinance, rule, regulation, order, judgment or decree of any
court or of any governmental or regulatory body, agency or authority applicable to Seller or by
which the Assets may be bound; (c) except for any filings pursuant to applicable federal and states
securities laws, require any filing by Seller with, or require Seller to obtain any permit, consent
or approval of, or require Seller to give any notice to, any governmental or regulatory body,
agency or authority or any other person.

2.4 Intellectual Property. To Seller’s knowledge, Seller has sufficient legal rights
of ownership, license or otherwise to all patents, copyrights, trade secrets, information and
proprietary rights and processes (collectively, the “Intellectual Property”) which comprise the
Assets, free and clear of all encumbrances without any conflict with or infringement of the rights
of others, including, but not limited to, all parties with whom Seller has previously entered into
contracts relating to the sale or license by or to Seller of any Intellectual Property. There are
no outstanding options, licenses, or agreements of any kind relating to any of the Assets, nor is
Seller bound by or a party to any options, licenses or agreements of any kind with respect to the
patents, trademarks, service marks, trade names, copyrights, trade secrets, licenses, information,
proprietary rights and processes of any other person or entity. Seller has not received any
communications alleging that Seller has violated or, by conducting its business as proposed, would
violate any of the patents, trademarks, service marks, trade names, copyrights or trade secrets or
other proprietary rights of any other person or entity. Seller is not aware that any of its
employees is obligated under any contract (including licenses, covenants or commitments of any
nature) or other agreement, or subject to any judgment, decree or order of any court or
administrative agency, that would interfere with the use of his or her best efforts to promote the
interests of Seller. Neither the execution nor delivery of this Agreement nor the consummation of
the transactions contemplated herein, shall conflict with or result in a breach of the terms,
conditions or provisions of, or constitute a default under, any contract, covenant or instrument
under which any of such employees is now obligated.

2.4.1 Use of Intellectual Property. Seller’s use of the Intellectual Property,
including the manufacturing, marketing, licensing, sale or distribution of products and the general
conduct and operations of the business of Seller, does not violate, infringe, misappropriate or
misuse any Intellectual Property rights of any third party. None of the Intellectual Property has
been canceled, abandoned or otherwise terminated and all renewal and maintenance fees in respect
thereof have been duly paid. Seller has the exclusive right to file, prosecute and maintain all
applications and registrations, if any, with respect to the Intellectual Property.

2.4.2 Notice of Adverse Claims. Seller has not received any written notice or claim
from any third party challenging the right of Seller to use any of the Intellectual Property. The
Intellectual Property constitutes all the intellectual property currently used to operate the
Transferred Business as of the Closing Date and thereafter, in the manner in which it is presently
operated. In addition, Seller has not made any claim in writing of a violation, infringement,
misuse or misappropriation by any third party (including any employee or former employee of Seller)
of its rights to, or in connection with any Intellectual Property. Seller has not entered into any
agreement to indemnify any other Person against any charge of infringement of any Intellectual
Property.

2.4.3 Validity. There are no pending or threatened claims by any third party of a
violation, infringement, misuse or misappropriation by Seller of any Intellectual Property owned by
any third party, or of the invalidity of any patent or registration of a copyright, trademark,
service mark, domain name, or trade name included in the Intellectual Property. No valid basis
exists for any such claim.

2.4.4 No Pending Applications. There are no applications with respect to the
Intellectual Property pending in the United States Copyright Office, the United States Patent and
Trademark Office or any governmental authority (foreign or domestic).

2.4.5 Assignments. Seller has secured valid written assignments from all consultants
and employees who contributed to the creation or development of the Intellectual Property of the
rights to such contributions that Seller does not already own by operation of law.

2.4.6 Confidentiality. Seller has taken all reasonably necessary steps to protect and
preserve the confidentiality of all of its proprietary trade secrets, know-how, source codes,
databases, schematics, ideas, algorithms and processes and, when deemed reasonably necessary by
Seller, all use, disclosure or appropriation thereof by or to any third party has been pursuant to
the terms of a written agreement between such third party and Seller.

2.4.7 Software. Each of the material computer software programs used or held for use
in the Transferred Business (other than licensed “off-the-shelf” software or other software widely
available through regular commercial distribution channels on standard terms and conditions) (i)
runs in a commercially reasonable manner, (ii) conforms in all material respects to the
specifications thereof, and, (iii) with respect to each of such computer software programs owned by
Seller, the applications can be compiled from their associated source code without undue burden.
Seller has made all documentation in its possession relating to the use, maintenance and operation
of the material computer software programs used or held for use in the Transferred Businesses
available to Buyer, all of which are true, accurate and complete in all material respects.

2.4.8 Knowledge. The representations under Sections 2.4.1 through 2.4.7 are subject
to the Seller’s knowledge.

2.5 Financial Statements. To Seller’s knowledge, the Purchased Assets reflected on
Seller’s most recent balance sheet represent all of the assets necessary for the maintenance and
operation of the Transferred Business substantially in the manner in which such business is
presently conducted by Seller.

2.6 Limiting Contracts. Seller is not bound by any oral or written contract limiting
the ability of Seller to engage in any line of the Transferred Business.

2.7 Suppliers and Customers. Seller has provided Buyer with a true and complete list
of all suppliers to Seller with respect to the Transferred Business to whom Seller pays more than
$12,000 per year, based upon the 2008 calendar year. The relationships of Seller with each such
customer and supplier are good commercial working relationships, and, no such customer or supplier
has canceled or otherwise terminated, or threatened to cancel or otherwise terminate, its
relationship with Seller. Seller has not received any notice that any such customer or supplier
may cancel or otherwise materially and adversely modify its relationship with Seller, or limit its
services, supplies or materials to Seller, or its usage or purchase of the services and products of
Seller relating to the Transferred Business, either as a result of the transactions contemplated
hereby or otherwise.

2.8 Contracts. Each contract relating to the Transferred Business (“TB Contract”) is
in full force and effect and there exists no (i) default or event of default by Seller or any other
party to any such contract with respect to any material term or provision of any TB Contract or
(ii) event, occurrence, condition or act (including the consummation of the transactions
contemplated hereby) which, with the giving of notice, the lapse of time or the happening of any
other event or condition, would become a default or event of default by Seller or, any other party
thereto, with respect to any material term or provision of any such TB Contract. Seller has
delivered to Buyer true and complete copies, including all amendments, of each written TB Contract.

2.9 Restrictions. Sellers is not subject to, or a party to, any charter, bylaw,
mortgage, lien, lease, license, permit, contract, instrument, law, rule, ordinance, regulation,
order, judgment or decree, or any other restriction of any kind or character, which would (a) have
a Material Adverse Effect on the Transferred Business or (b) prevent the purchase and sale of the
Purchased Assets or the consummation of the transactions contemplated by this Agreement.

2.10 Interim Business Operations. Seller has conducted business operations relating
to the Transferred Business in a commercially reasonable manner and has used its commercially
reasonable efforts to preserve the existing business relationships which Seller has with customers,
suppliers, and others relating to the Transferred Business.

2.11 Disclosure. None of this Agreement, the Schedules, Exhibits and certificates
attached or provided hereto, and the documents delivered or made available to Buyer and its
representatives pursuant hereto by Seller, contains any untrue statement of a material fact, or
omits any statement of a material fact necessary in order to make the statements contained herein
or therein, in light of the circumstances in which they were made, not misleading. There is no
fact known to Seller relating to Seller which would have a Material Adverse Effect on the
Transferred Business, and which has not been disclosed in this Agreement, or in a Schedule, Exhibit
or certificate attached or provided hereto.

Section 3. Representations and Warranties of Buyer. Buyer hereby represents, warrants and
agrees as follows:

3.1 Existence and Good Standing of Buyer; Power and Authority. Buyer is a corporation
duly organized and validly existing under the laws of the state of incorporation. Buyer has full
power and authority to execute and deliver this Agreement, to perform its obligations hereunder and
to consummate the transactions contemplated hereby. The execution, delivery and performance of
this Agreement by Buyer and the consummation by Buyer of the transactions contemplated hereby have
been duly and validly authorized and approved by all necessary corporate action of Buyer. This
Agreement has been duly and validly executed and delivered by Buyer and is a valid and binding
obligation of Buyer enforceable against Buyer in accordance with its terms, except (i) as limited
by applicable bankruptcy, insolvency, reorganization, moratorium, and other laws of general
application affecting enforcement of creditors’ rights generally and (ii) as limited by laws
relating to the availability of specific performance, injunctive relief, or other equitable
remedies.

3.2 Consents and Approvals; No Violations. The execution, delivery and performance of
this Agreement by Buyer and the consummation by Buyer of the transactions contemplated hereby will
not, with or without the giving of notice or the lapse of time or both: (a) violate, conflict
with, or result in a breach or default under any provision of the articles of organization or
by-laws or other comparable organizational documents or Buyer; (b) violate any statute, ordinance,
rule, regulation, order, judgment or decree of any court or of any governmental or regulatory body,
agency or authority applicable to Buyer or by which any of its properties or assets may be bound;
(c) require any filing by Buyer with, or require Buyer to obtain any permit, consent or approval
of, or require Buyer to give any notice to, any governmental or regulatory body, agency or
authority or any other person.

3.3 Disclosure of Information. Buyer believes it has received all the information it
considers necessary or appropriate for deciding whether to acquire the Assets. Buyer further
represents that it has had an opportunity to ask questions and receive answers from Seller
regarding the Assets and the Transferred Business of Seller.

Section 4. Conditions To Buyer’s Obligations. The obligation of Buyer to purchase the
Assets is subject to the fulfillment to its satisfaction of the following conditions:

4.1 Representations and Warranties Correct. The representations and warranties made
by Seller shall be true and correct when made and as of the Closing.

4.2 Performance of Obligations. Seller shall have obtained all necessary consents and
performed all obligations and conditions required herein to be performed on the date thereof.

4.3 Deliveries by Seller. Seller shall have executed and delivered to Buyer the Bill
of Sale, the Contracts Assignment, and the Patent Assignment.

4.4 Website. All references to the HS product line shall include contact information
(including website address, phone number and address) of Buyer as the new provider of the HS
product line.

Section 5. Conditions To Seller’s Obligations. The obligation of Seller to sell the Assets
is subject to the fulfillment to its satisfaction of the following conditions:

5.1 Representations and Warranties Correct. The representations and warranties made
by Buyer shall be true and correct when made and as of the Closing.

5.2 Payment Obligations. Buyer will have wired $170,000 to Seller.

5.3 Performance of Obligations. Buyer shall have obtained all necessary consents and
performed all obligations and conditions required herein to be performed on the date thereof.

Section 6. Closing. The purchase and sale of Assets shall take place at the office of
Richardson & Patel LLP at 10900 Wilshire Blvd., Suite 500, Los Angeles, CA 90024 on April 20, 2009
or on such other date or other place as the Buyer and Seller mutually agree upon in writing or
orally (the “Closing”).

Section 7. Indemnification.

7.1 Survival of Representations and Warranties. Buyer and Seller agree that except in
the case of actual fraud, the representations and warranties made by Buyer and Seller respectfully,
will expire with respect to any claim not made on or before eighteen (18) months after the Closing,
except for representations and warranties relating to undisclosed tax matters, which will continue
in full force and effect until the expiration of the relevant periods for assessment of tax under
applicable tax laws. If written notice of a claim has been given prior to the expiration of the
applicable representations and warranties, then the relevant representations and warranties shall
survive as to such claim until the claim has been finally resolved.

7.2 Indemnification by Seller.

(a) Indemnifiable Losses. Subject to Section 7.2(b) below, the Buyer and its
affiliates, officers, directors, employees, agents, successors and assigns shall be
defended, indemnified and held harmless by Seller, jointly and severally, for any and all
liabilities, losses, damages, claims, costs and expenses, interest, awards, judgments and
penalties actually suffered or incurred by them (including, without limitation, any Action
brought or otherwise initiated by any of them) (a “Loss”), arising out of or resulting from
the following:

	 	(i)	 	the breach of any representation or warranty
made by Seller contained in the Agreement;

	 	(ii)	 	the breach of any covenant or agreement by
Seller contained in the Agreement;

	 	(iii)	 	any and all Losses suffered or incurred by
Buyer by reason of or in connection with any claim or cause of action
of any third party to the extent arising out of any action, inaction,
event, condition, liability or obligation of Seller occurring or
existing prior to the Closing; and,

	 	(iv)	 	all liabilities of Seller, none of which shall
be assumed by Buyer.

(b) Limits on Indemnification. Notwithstanding anything to the contrary
contained in this Agreement, the maximum amount of indemnifiable Losses which may be
recovered from Seller arising out of or resulting from the causes enumerated in
Section 7.2(a) shall be an amount equal to the Purchase Price actually received by Seller.

7.3 Indemnification by Buyer.

(a) Subject to Section 7.3(b) below, the Seller and its affiliates, officers,
directors, employees, agents successors and assigns shall be defended, indemnified and held
harmless by Buyer, jointly and severally, for Loss, arising out of or resulting from the
following:

	 	(i)	 	the breach of any representation or warranty
made by Buyer contained in the Agreement; and

	 	(ii)	 	the breach of any covenant or agreement by
Buyer contained in the Agreement.

	 	(iii)	 	any and all Losses suffered or incurred by
Seller by reason of or in connection with any claim or cause of action
of any third party to the extent arising out of any action, inaction,
event, condition, liability or obligation of Buyer occurring or
existing prior to the Closing.

(b) Limits on Indemnification. Notwithstanding anything to the contrary
contained in this Agreement, the maximum amount of indemnifiable Losses which may be
recovered from Buyer arising out of or resulting from the causes enumerated in
Section 7.3(a) shall be an amount equal to the Purchase Price actually received by Seller.

7.4 Indemnification Procedures.

(a) For purposes of this Section 7.4, “Indemnified Party” shall mean Buyer or Seller,
as the case may be, and its respective affiliates, officers, directors, employees, agents,
successors and assigns, and “Indemnifying Party” shall mean Buyer or Seller, as the case may
be, when indemnifying Seller or Buyer, as the case may be and its respective affiliates,
officers, directors, employees, agents, successors and assigns.

(b) An Indemnified Party shall give the Indemnifying Party notice of any matter which
an Indemnified Party has determined has given rise to a right of indemnification under this
Agreement, within sixty (60) days of such determination, stating the amount of the Loss, if
known, and method of computation thereof, a brief description of the facts upon which such
claim is based and containing a reference to the provisions of this Agreement in respect of
which such right of indemnification is claimed or arises.

(c) The obligations and liabilities of the Indemnifying Party under this Section 7 with
respect to Losses arising from claims of any third party which are subject to the
indemnification provided for in this Section 7 (individually, a “Third Party Claim” or
collectively “Third Party Claims”) shall be governed by and contingent upon the following
additional terms and conditions: if an Indemnified Party shall receive notice of any Third
Party Claim, the Indemnified Party shall give the Indemnifying Party notice of such Third
Party Claim within thirty (30) days of the receipt by the Indemnified Party of such notice;
provided, however, that the failure to provide such notice shall not release the
Indemnifying Party from any of its obligations under this Section 7 except to the extent the
Indemnifying Party is materially prejudiced by such failure. If the Indemnifying Party
acknowledges in writing its obligation to indemnify the Indemnified Party hereunder against
any Losses that may result from such Third Party Claim, then the Indemnifying Party shall be
entitled to assume and control the defense of such Third Party Claim at its expense and
through counsel of its choice if it gives notice of its intention to do so to the
Indemnified Party within five (5) days of the receipt of such notice from the Indemnified
Party; provided, however, that if there exists or is reasonably likely to exist a conflict
of interest that would make it inappropriate, for the same counsel to represent both the
Indemnified Party and the Indemnifying Party, then the Indemnified Party shall be entitled
to retain its own counsel. In the event the Indemnifying Party exercises the right to
undertake any such defense against any such Third Party Claim as provided above, the
Indemnified Party shall cooperate with the Indemnifying Party in such defense and make
available to the Indemnifying Party at the Indemnifying Party’s expense, all witnesses,
pertinent records, materials and information in the Indemnified Party’s possession or under
the Indemnified Party’s control relating thereto as is reasonably required by the
Indemnifying Party. Similarly, in the event the Indemnified Party is, directly or
indirectly, conducting the defense against any such Third Party Claim, the Indemnifying
Party shall cooperate with the Indemnified Party in such defense and make available to the
Indemnified Party, at the Indemnifying Party’s expense, all such witnesses, records,
materials and information in the Indemnifying Party’s possession or under the Indemnifying
Party’s control relating thereto as is reasonably required by the Indemnified Party. No
such Third Party Claim may be settled by the Indemnifying Party without the prior written
consent of the Indemnified Party which consent may not be unreasonably withheld or delayed.
No such Third Party Claim may be settled for monetary damages by the Indemnified Party
without the prior written consent of the Indemnifying Party which consent may not be
unreasonably withheld or delayed.

(d) To the extent that the Indemnifying Parties’ undertakings set forth in this Section
7 may be unenforceable, the Indemnifying Parties shall be obligated, jointly and severally,
to contribute the maximum amount that it is permitted to contribute under applicable law to
the payment and satisfaction of all Losses incurred by the Indemnified Parties.

7.5 INDEMNIFICATION IN CASE OF STRICT LIABILITY OR INDEMNITEE NEGLIGENCE. THE
INDEMNIFICATION PROVISIONS IN THIS SECTION SHALL BE ENFORCEABLE REGARDLESS OF WHETHER THE LIABILITY
IS BASED UPON PAST, PRESENT OR FUTURE ACTS, CLAIMS OR LEGAL REQUIREMENTS (INCLUDING ANY PAST,
PRESENT OR FUTURE ENVIRONMENTAL LAW, FRAUDULENT TRANSFER ACT, OCCUPATIONAL SAFETY AND HEALTH LAW OR
PRODUCTS LIABILITY, SECURITIES OR OTHER LEGAL REQUIREMENT) AND REGARDLESS OF WHETHER ANY PERSON
(INCLUDING THE PERSON FROM WHOM INDEMNIFICATION IS SOUGHT) ALLEGES OR PROVES THE SOLE, CONCURRENT,
CONTRIBUTORY OR COMPARATIVE NEGLIGENCE OF THE PERSON SEEKING INDEMNIFICATION (PROVIDED THAT ANY
CONTRIBUTORY OR COMPARATIVE NEGLIGENCE SHALL OFFSET ANY INDEMNIFICATION AMOUNTS OWED TO THE
INDEMNIFIED PARTY FROM THE INDEMNIFYING PARTY) OR THE SOLE OR CONCURRENT STRICT LIABILITY IMPOSED
UPON THE PERSON SEEKING INDEMNIFICATION.

7.6 No Claims as Officer or Director. . Each party hereby agrees that such party
(“Defending Party”) will not make any claim for indemnification or right of contribution against
the other party (“Claiming Party”) by reason of the fact that any employee or other Affiliate of
Defending Party was a director, officer, employee or agent of the Defending Party or was serving at
the request of the Defending Party as a partner, trustee, director, officer, employee or agent of
another entity (whether such claim is for judgments, damages, penalties, fines, costs, amounts paid
in settlement, losses, expenses or otherwise and whether such claim is pursuant to any statute,
charter document, bylaw, agreement or otherwise) with respect to any action, suit, proceeding,
complaint, claim or demand brought by (i) Claiming Party, or (ii) a third party against Defending
Party for which Claiming Party may seek indemnification against Defending Party (whether such
action, suit, proceeding, complaint, claim, or demand is pursuant to this Agreement, applicable
Law, or otherwise). 

7.7 No Consequential Damages. Notwithstanding anything to the contrary elsewhere in
this Agreement, no Party shall, in any event, be liable for any consequential, incidental,
indirect, special or punitive damages relating to the breach or alleged breach hereof.

Section 8. Miscellaneous.

8.1 Survival; Entire Agreement; Successors and Assigns; Counterparts; Headings. The
respective representations and warranties of Seller and Buyer contained in this Agreement, or in
any Exhibit or Schedule delivered pursuant hereto shall not survive the date of the Closing. This
Agreement (including the Exhibits and Schedules hereto) sets forth the entire understanding of the
parties with respect to the subject matter hereof. Any previous agreements or understandings
between the parties regarding the subject matter hereof are merged into and superseded by this
Agreement. The terms and conditions of this Agreement shall inure to the benefit of and be binding
upon the respective successors of the parties hereto. This Agreement may be executed in one or
more counterparts, each of which shall for all purposes be deemed to be an original and all of
which shall constitute the same instrument. The headings of the sections and paragraphs of this
Agreement are inserted for convenience only and shall not be deemed to constitute part of this
Agreement or to affect the construction hereof.

8.2 Modification. No amendment, modification or alteration of the terms or provisions
of this Agreement shall be binding unless the same shall be in writing and duly executed by the
parties hereto.

8.3 Transfer Taxes; Governing Law; Severability; Venue.

(a) Seller shall be responsible for and pay and indemnify and hold harmless Buyer for,
any and all applicable United States sales, transfer, use, and other taxes and fees that may
become due or payable as a result of the sale, conveyance, assignment, transfer or delivery
of the Assets, whether levied on Buyer or Seller. This Agreement shall be governed by and
construed in accordance with the laws of California. If any provision of this Agreement is
invalid, illegal or incapable of being enforced by any rule of law or public policy, all
other provisions of this Agreement shall remain in full force and effect. Any action or
proceeding seeking to enforce any provision of, or based on any right arising out of, this
Agreement shall be brought against any of the Parties in the courts of the State of
California, and each of the Parties irrevocably consents to the exclusive jurisdiction of
such courts (and of the appropriate appellate courts) in any such action or proceeding and
waives any objection to venue laid therein. Process in any action or proceeding referred to
in the preceding sentence may be served on any Party anywhere in the world by first class
certified mail, return receipt requested, postage prepaid to the address at which such Party
is to receive notice in accordance with this Agreement.

8.4 Expenses. Other than as set forth herein, Buyer and Seller will each be
responsible for its own expenses incurred in connection with the transactions contemplated hereby.

8.5 Preparation of Agreement. Each party to this Agreement acknowledges that: (i) the
party had the advice of, or sufficient opportunity to obtain the advice of, legal counsel separate
and independent of legal counsel for any other party hereto; (ii) the terms of the transactions
contemplated by this Agreement are fair and reasonable to such party; and (iii) such party has
voluntarily entered into the transaction contemplated by this Agreement without duress or coercion.
Each party further acknowledges that such party was not represented by the legal counsel of any
other party hereto in connection with the transactions contemplated by this Agreement, nor was he
or it under any belief or understanding that such legal counsel was representing his or its
interests. Each party agrees that no conflict, omission or ambiguity in this Agreement, or the
interpretation thereof, shall be presumed, implied or otherwise construed against any other party
to this Agreement on the basis that such party was responsible for drafting this Agreement.

8.6 Assurances. Each Party to this Agreement shall execute all instruments and
documents and take all actions as may be reasonably required to effectuate this Agreement, whether
before, concurrent with or after the consummation of the transactions contemplated hereby.

8.7 Specific Performance. Each of the Parties (“Breaching Party”) acknowledges and
agrees that the other party (“Non-Breaching Party”) would be damaged irreparably in the event any
of the provisions of this Agreement are not performed in accordance with their specific terms or
otherwise are breached. Accordingly, the Breaching Party agrees that the Non-Breaching Party shall
be entitled to an injunction or injunctions to prevent breaches of the provisions of this Agreement
and to enforce specifically this Agreement and the terms and provisions hereof in any action
instituted in any court of the United States or any state thereof having jurisdiction over the
Parties and the matter (subject to the provisions set forth in Section 10.3 above), in addition to
any other remedy to which they may be entitled, at law or in equity.

8.8 Waiver; Remedies Cumulative. The rights and remedies of the Parties to this
Agreement are cumulative and not alternative. Neither any failure nor any delay by any Party in
exercising any right, power or privilege under this Agreement or any of the documents referred to
in this Agreement will operate as a waiver of such right, power or privilege, and no single or
partial exercise of any such right, power or privilege will preclude any other or further exercise
of such right, power or privilege or the exercise of any other right, power or privilege. To the
maximum extent permitted by applicable law, (a) no claim or right arising out of this Agreement or
any of the documents referred to in this Agreement can be discharged by one Party, in whole or in
part, by a waiver or renunciation of the claim or right unless in writing signed by the other
Party; (b) no waiver that may be given by a Party will be applicable except in the specific
instance for which it is given; and (c) no notice to or demand on one Party will be deemed to be a
waiver of any obligation of that Party or of the right of the Party giving such notice or demand to
take further action without notice or demand as provided in this Agreement or the documents
referred to in this Agreement.

8.9 Non-compete. For a period of three (3) years following the Closing, Seller and
its principals will not individually, or as a member, employee or agent of any partnership, or as
an officer, agent, employee, director, stockholder (except of not more than five percent (5%) of
the outstanding stock of any company purchased for investment purposes only) or investor, of any
other corporation, directly or indirectly, own, manage, operate, join, control or work for or
permit-the use of his name by, or be connected in any manner with, any business or activity in the
world, which is directly competitive with any aspect of the Transferred Business. It is intended
that the covenant contained in this Section 8.9 shall be deemed to be a series of separate
covenants, one for each country. Except for geographic coverage, each such separate covenant
contained shall be deemed identical in terms with the covenant contained in said paragraph. If in
any judicial proceeding, a court should refuse to enforce all of the separate covenants deemed
included in paragraph (a) because, taken together, they cover too extensive a geographic area, it
is intended that those of such covenants (taken in the case of provinces, states, territories or
counties of the applicable states, territories or counties which are least populous) which, if
eliminated, would permit the remaining separate covenants to be enforced in such proceedings,
shall, for the purpose of such proceedings, be deemed eliminated for the provisions hereof.

8.10 Attorneys’ Fees.

(a) In any action, arbitration proceeding or other litigation (“Litigation”) between
the Parties to declare the enforceable rights granted in this Agreement or to enforce the
enforceable provisions of this Agreement, the party prevailing in the Litigation, whether at
trial or on appeal, shall be entitled to its costs and expenses of suit, including, without
limitation, a reasonable sum as and for attorneys’ fees incurred in such Litigation. The
term “prevailing party” as used in this paragraph shall not be limited to a prevailing
plaintiff, but shall also include, without limitation, any party who is made a defendant in
Litigation in which damages or other relief or both may be sought against such party and a
final judgment or dismissal or decree is entered in such Litigation in favor of such party
defendant.

(b) Attorneys’ fees incurred in enforcing any judgment rendered in connection with the
interpretation or enforcement of this Agreement (“Judgment”) are recoverable by the party in
whose favor such Judgment is rendered, as a separate item of damages. The provisions of
this paragraph are severable from the other provisions of this Agreement and shall survive
any such Judgment, and the provisions of this paragraph shall not be deemed merged into any
such Judgment.

8.11 Failure to Make Final Payment. If Buyer fails to make the final $40,000 payment
within sixty (60) days after Closing and Seller is not in default under this Agreement, then Seller
may elect in its sole discretion the following remedy in lieu of collecting the delinquent payment:
(a) void paragraph 8.9— Noncompete so that it is unenforceable and no longer effective; (b)
obtain from Buyer, effective immediately after such sixtieth (60th) day without any further action
from Buyer, a nonexclusive, royalty-free, perpetual and transferable sublicense to the
intellectual property assets and patents described in Sections 1.1(c) and 1.1(aa) and all
improvements thereto, for any purpose; and (c) obtain from Buyer a release and covenant not to sue
Seller and its successors for infringement of any of the intellectual property described in
Sections 1.1(c) and 1.1(aa), effective immediately after such sixtieth (60th) day without any
further action from Buyer. Notwithstanding the foregoing, Seller may elect to waive the automatic
remedies set forth in subsection (a)-(c), above, and instead, elect to sue Buyer to recoup the
$40,000 payment.

[SIGNATURES ON FOLLOWING PAGE]

1

IN WITNESS WHEREOF, each of the parties hereto has caused this Agreement to be duly executed
on its or his behalf as of the date above first written.

	 	 	 	BUYER

LANDTEC NORTH AMERICA, a California corporation

	 	 	 
	By:

Name:

Title:

	 	/s/ Chris Cummins

Chris Cummins

President

	 	 	SELLER

	 	 	 	VIASPACE INC., a Nevada corporation

	 	 	 
	By:

Name:

Title:

	 	/s/ Carl Kukkonen

Carl Kukkonen

CEO

2

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