Document:

EX-10.3

EXHIBIT 10.3

COHU, INC.

CHANGE IN CONTROL AGREEMENT

This Change in Control Agreement (the “Agreement”) is made and entered into by and between
     (“Executive”) and Cohu, Inc. (the “Company”), effective as of      , 2008
(the “Effective Date”).

RECITALS

1. It is expected that the Company from time to time will consider the possibility of an
acquisition by another company or other change in control. The Board of Directors of the Company
(the “Board”) recognizes that such consideration can be a distraction to Executive and can cause
Executive to consider alternative employment opportunities. The Board has determined that it is in
the best interests of the Company and its stockholders to assure that the Company will have the
continued dedication and objectivity of Executive, notwithstanding the possibility, threat or
occurrence of a Change in Control (as defined herein) of the Company.

2. The Board believes that it is in the best interests of the Company and its stockholders to
provide Executive with an incentive to continue his or her employment and to motivate Executive to
maximize the value of the Company upon a Change in Control for the benefit of its stockholders.

3. The Board believes that it is imperative to provide Executive with certain severance
benefits upon Executive’s termination of employment following a Change in Control. These benefits
will provide Executive with enhanced financial security and incentive and encouragement to remain
with the Company notwithstanding the possibility of a Change in Control.

4. Certain capitalized terms used in the Agreement are defined in Section 6 below.

AGREEMENT

NOW, THEREFORE, in consideration of the mutual covenants contained herein, the parties hereto
agree as follows:

1. Term of Agreement. This Agreement will terminate upon the date that all of the
obligations of the parties hereto with respect to this Agreement have been satisfied.

2. At-Will Employment. The Company and Executive acknowledge that Executive’s
employment is and will continue to be at-will, as defined under applicable law. If Executive’s
employment terminates for any reason, including (without limitation) any termination prior to a
Change in Control, Executive will not be entitled to any payments, benefits, damages, awards or
compensation other than as provided by this Agreement.

3.

1

Severance Benefits.

(a) Involuntary Termination Following a Change in Control. If within twenty-four (24)
months following a Change in Control (i) Executive terminates his or her employment with the
Company (or any parent, subsidiary or successor of the Company) for Good Reason (as defined herein)
or (ii) the Company (or any parent, subsidiary or successor of the Company) terminates Executive’s
employment without Cause (as defined herein), and Executive signs and does not revoke the release
of claims required by Section 4, Executive will receive the following severance benefits from the
Company:

(i) Severance Payment. Executive will receive a lump sum cash payment (less
applicable withholding taxes) in an amount equal to the sum of (A) an amount equal to twenty-four
(24) months (the “Severance Period”) of the Executive’s base salary rate (as in effect immediately
prior to (1) the Change in Control, or (2) Executive’s termination, whichever is greater) and (B)
an amount equal to two times the Executive’s target annual incentive established for the year prior
to the year of Executive’s termination of employment.

(ii) Bonus Payment. Executive will also receive a lump sum cash severance payment
(less applicable withholding taxes) in an amount equal to the current year’s target annual
incentive pro-rated to the date of termination, with such pro-rated amount to be calculated by
multiplying the current year’s target incentive level by a fraction with a numerator equal to the
number of days between the start of the current fiscal year and the date of termination and a
denominator equal to 365. The actual annual incentive for the year of termination shall be
forfeited and Executive shall not be entitled to any payment thereof, other than the severance
payment described in this Section 3(a)(ii).

(iii) Equity Awards. One hundred percent (100%) of Executive’s then outstanding and
unvested awards relating to the Company’s common stock (whether stock options, stock appreciation
rights, shares of restricted stock, restricted stock units, or otherwise (collectively, the “Equity
Awards”)) as of the date of Executive’s termination of employment will become vested and will
otherwise remain subject to the terms and conditions of the applicable Equity Award agreement. In
addition, the post-termination exercise period for any outstanding stock option and/or stock
appreciation right shall be extended so as to terminate on the first to occur of (1) twelve (12)
months from the date of Executive’s termination, or (2) the stock option and/or stock appreciation
rights original term expiration (e.g., the awards original ten (10) year expiration date).
Notwithstanding the foregoing, if (A) in a Change of Control the acquirer refuses to assume
Executive’s Equity Awards and/or refuses to substitute such Equity Awards with equivalent awards
reflecting acquirer’s stock, or (B) in a Change of Control where the acquirer is not a publicly
traded corporation as defined in Section 162(m)(2) of the Code (regardless of whether or not such
acquirer is willing to assume the Equity Awards), then one hundred percent (100%) of Executive’s
Equity Awards outstanding as of the Change of Control will become vested immediately prior to the
effective date of the Change of Control.

(iv) Benefits. The Company agrees to reimburse Executive for the same level of health
coverage and benefits as in effect for Executive on the day immediately preceding the date of
termination; provided, however, that (1) Executive constitutes a qualified beneficiary, as defined
in Section 4980(B)(g)(1) of the Internal Revenue Code of 1986, as amended (the “Code”); and
(2) Executive elects continuation coverage pursuant to the Consolidated Omnibus Budget
Reconciliation Act of 1985, as amended (“COBRA”), within the time period prescribed pursuant to
COBRA. The Company will continue to reimburse Executive for continuation coverage through the
Severance Period. Executive will thereafter be responsible for the payment of COBRA premiums
(including, without limitation, all administrative expenses) for the remaining COBRA period. Such
reimbursements shall be made within thirty (30) days of the premium payment.

(b) Timing of Severance Payments. Unless otherwise required pursuant to Section 10 of
this Agreement, the Company will pay the severance payments to which Executive is entitled pursuant
to Section 3(a) in a lump sum as soon as practicable following the date of termination.

(c) Voluntary Resignation; Termination For Cause. If Executive’s employment with the
Company terminates (i) voluntarily by Executive (other than for Good Reason) or (ii) for Cause by
the Company, then Executive will not be entitled to receive severance or other benefits except for
those (if any) as may then be established under the Company’s then existing severance and benefits
plans and practices or pursuant to other written agreements with the Company, including, without
limitation, any Equity Award agreement.

(d) Disability; Death. If the Company terminates Executive’s employment as a result
of Executive’s Disability, or Executive’s employment terminates due to his or her death, then
Executive will not be entitled to receive severance or other benefits except for those (if any) as
may then be established under the Company’s then existing written severance and benefits plans and
practices or pursuant to other written agreements with the Company, including, without limitation,
any Equity Award agreement.

(e) Termination Apart from Change in Control. In the event Executive’s employment is
terminated for any reason, either prior to the occurrence of a Change in Control or after the
twenty-four (24) month period following a Change in Control, then Executive will be entitled to
receive severance and any other benefits only as may then be established under the Company’s
existing written severance and benefits plans and practices or pursuant to other written agreements
with the Company, including, without limitation, any Equity Award agreement.

(f) Exclusive Remedy. In the event of a termination of Executive’s employment within
twenty-four (24) months following a Change in Control, the provisions of this Section 3 are
intended to be and are exclusive and in lieu of any other rights or remedies to which Executive or
the Company may otherwise be entitled, whether at law, tort or contract, in equity, or under this
Agreement. Executive will be entitled to no benefits, compensation or other payments or rights
upon termination of employment following a Change in Control other than those benefits expressly
set forth in this Section 3, except as may be provided in any Equity Award agreement.

4.

2

Conditions to Receipt of Severance.

(a) Release of Claims Agreement. The receipt of any severance or other benefits
pursuant to Section 3 will be subject to Executive signing and not revoking a release of claims
agreement in a form reasonably acceptable to the Company, and such release becoming effective
within forty-five (45) days of Executive’s termination. No severance or other benefits will be
paid or provided until the release of claims agreement becomes effective, and any severance amounts
or benefits otherwise payable between the date of Executive’s termination and the date such release
becomes effective shall be paid on the effective date of such release.

(b) Non-solicitation. The receipt of any severance or other benefits pursuant to
Section 3 will be subject to Executive agreeing that during the Severance Period, Executive will
not solicit any employee of the Company for employment other than at the Company.

(c) Non-disparagement. The receipt of any severance or other benefits pursuant to
Section 3 will be subject to Executive agreeing that during the Severance Period, Executive will
not knowingly and materially disparage, criticize, or otherwise make any derogatory statements
regarding the Company. During the Severance Period, the Company will not knowingly and materially
disparage, criticize, or otherwise make any derogatory statements regarding Executive.
Notwithstanding the foregoing, nothing contained in this Agreement will be deemed to restrict
Executive, the Company or any of the Company’s current or former officers and/or directors from (1)
providing information to any governmental or regulatory agency (or in any way limit the content of
any such information) to the extent they are requested or required to provide such information
pursuant to applicable law or regulation or (2) enforcing his or its rights pursuant to this
Agreement.

(d) Other Requirements. Executive’s receipt of any payments or benefits under Section
3 will be subject to Executive continuing to comply with the terms of any form of confidential
information agreement and the provisions of this Section 4.

(e) No Duty to Mitigate. Executive will not be required to mitigate the amount of any
payment contemplated by this Agreement, nor will any earnings that Executive may receive from any
other source reduce any such payment.

5. Limitation on Payments. In the event that the severance and other benefits
provided for in this Agreement or otherwise payable to Executive (i) constitute “parachute
payments” within the meaning of Section 280G of the Code and (ii) but for this Section 5, would be
subject to the excise tax imposed by Section 4999 of the Code, then Executive’s severance benefits
under Section 4 will be either:

(a) delivered in full, or

	 	(b)	 	delivered as to such lesser extent which would result in no
portion of such severance benefits being subject to excise tax under Section
4999 of the Code,

whichever of the foregoing amounts, taking into account the applicable federal, state and local
income taxes and the excise tax imposed by Section 4999, results in the receipt by Executive on an
after-tax basis, of the greatest amount of severance benefits, notwithstanding that all or some
portion of such severance benefits may be taxable under Section 4999 of the Code. Unless the
Company and Executive otherwise agree in writing, any determination required under this Section 5
will be made in writing by the Company’s independent public accountants immediately prior to a
Change in Control (the “Accountants”), whose determination will be conclusive and binding upon
Executive and the Company for all purposes. For purposes of making the calculations required by
this Section 5, the Accountants may make reasonable assumptions and approximations concerning
applicable taxes and may rely on reasonable, good faith interpretations concerning the application
of Sections 280G and 4999 of the Code. The Company and Executive will furnish to the Accountants
such information and documents as the Accountants may reasonably request in order to make a
determination under this Section. The Company will bear all costs the Accountants may reasonably
incur in connection with any calculations contemplated by this Section 5. Any reduction in
payments and/or benefits required by this Section 5 shall occur in the following order: (1)
reduction of cash payments; and (2) reduction of other benefits paid to Executive. In the event
that acceleration of vesting of Equity Awards is to be reduced, such acceleration of vesting shall
be cancelled in the reverse order of the date of grant for Executive’s Equity Awards.

6. Definition of Terms. The following terms referred to in this Agreement will have
the following meanings:

(a) Cause. For purposes of this Agreement, “Cause” will mean:

(i) Executive’s willful and continued failure to perform the duties and responsibilities of
his position (other than as a result of Executive’s illness or injury) after there has been
delivered to Executive a written demand for performance from the Board which describes the basis
for the Board’s belief that Executive has not substantially performed his duties and provides
Executive with thirty (30) days to take corrective action;

(ii) Any material act of personal dishonesty taken by Executive in connection with his
responsibilities as an employee of the Company with the intention that such action may result in
the substantial personal enrichment of Executive;

(iii) Executive’s conviction of, or plea of nolo contendere to, a felony that the Board
reasonably believes has had or will have a material detrimental effect on the Company’s reputation
or business;

(iv) A willful breach of any fiduciary duty owed to the Company by Executive that has a
material detrimental effect on the Company’s reputation or business;

(v) Executive being found liable in any Securities and Exchange Commission or other civil or
criminal securities law action (regardless of whether or not Executive admits or denies liability),
which the Board determines, in its reasonable discretion, will have a material detrimental effect
on the Company’s reputation or business;

(vi) Executive entering any cease and desist order with respect to any action which would bar
Executive from service as an executive officer or member of a board of directors of any
publicly-traded company (regardless of whether or not Executive admits or denies liability);

(vii) Executive (A) obstructing or impeding; (B) endeavoring to obstruct or impede, or (C)
failing to materially cooperate with, any investigation authorized by the Board or any governmental
or self-regulatory entity (an “Investigation”). However, Executive’s failure to waive
attorney-client privilege relating to communications with Executive’s own attorney in connection
with an Investigation will not constitute “Cause”; or

(viii) Executive’s disqualification or bar by any governmental or self-regulatory authority
from serving in the capacity contemplated by this Agreement, if (A) the disqualification or bar
continues for more than thirty (30) days, and (B) during that period the Company uses its
commercially reasonable efforts to cause the disqualification or bar to be lifted. While any
disqualification or bar continues during Executive’s employment, Executive will serve in the
capacity contemplated by this Agreement to whatever extent legally permissible and, if Executive’s
employment is not permissible, Executive will be placed on administrative leave (which will be paid
to the extent legally permissible).

Other than for a termination pursuant to Section 6(a)(iii), Executive shall receive notice and an
opportunity to be heard before the Board with Executive’s own attorney before any termination for
Cause is deemed effective. Notwithstanding anything to the contrary, the Board may immediately
place Executive on administrative leave (with full pay and benefits to the extent legally
permissible) and suspend all access to Company information, employees and business should Executive
wish to avail himself of his opportunity to be heard before the Board prior to the Board’s
termination for Cause. If Executive avails himself of his opportunity to be heard before the
Board, and then fails to make himself available to the Board within five (5) business days of such
request to be heard, the Board may thereafter cancel the administrative leave and terminate
Executive for Cause.

(b) Change in Control. For purposes of this Agreement, “Change in Control” means the
occurrence of any of the following, in one or a series of related transactions:

(i) Any one person, or more than one person acting as a group (“Person”) acquires ownership of
the Company’s securities that, together with the stock held by such Person, constitutes more than
fifty percent (50%) of the total voting power of the Company’s then outstanding stock. The term
“Person” shall include any natural person, corporation, partnership, trust, or association, or any
group or combination thereof, whose ownership of the Company’s securities would be required to be
reported under Regulation 13(D) under the Securities Exchange Act of 1934, as amended, or any
similar successor regulation or rule. For purposes of this clause (i), if any Person is considered
to be in effective control of the Company, the acquisition of additional control of the Company by
the same Person will not be considered a Change in Control;

(ii) A change in the effective control of the Company which occurs on the date that a majority
of members of the Board is replaced during any twelve (12) month period by members of the Board
whose appointment or election is not endorsed by a majority of the members of the Board prior to
the date of the appointment or election; or

(iii) The closing of any transaction involving a change in ownership of a substantial portion
of the Company’s assets which occurs on the date that any Person acquires (or has acquired during
any twelve (12) month period ending on the date of the most recent acquisition by such Person or
Persons) assets from the Company that have a total gross fair market value equal to or more than
fifty percent (50%) of the total gross fair market value of all of the assets of the Company
immediately prior to such acquisition or acquisitions. For purposes of this subsection (iii),
gross fair market value means the value of the assets of the Company, or the value of the assets
being disposed of, determined without regard to any liabilities associated with such assets.

Notwithstanding the foregoing, the term “Change in Control” shall not include a consolidation,
merger, or other reorganization if upon consummation of such transaction all of the outstanding
voting stock of the Company is owned, directly or indirectly, by a holding company, and the holders
of the Company’s common stock immediately prior to the transaction have substantially the same
proportionate ownership and voting control of such holding company after such transaction.

Notwithstanding the foregoing, a transaction will not be deemed a Change in Control unless the
transaction qualifies as a change in control event within the meaning of Section 409A of the Code,
and the final regulations and any guidance promulgated thereunder (“Section 409A”).

For purposes of this Section 6(b), Persons will be considered to be acting as a group if they are
owners of a corporation that enters into a merger, consolidation, purchase or acquisition of stock,
or similar business transaction with the Company.

(c) Disability. For purposes of this Agreement, “Disability” shall have the same
meaning as that term is defined in the Company’s 2005 Equity Incentive Plan. Notwithstanding the
foregoing however, should the Company maintain a long-term disability plan at any time Executive’s
employment with the Company, a determination of disability under such plan shall also be considered
a “Disability” for purposes of this Agreement.

(d) Good Reason. For purposes of this Agreement, “Good Reason” means the occurrence
of any of the following, without Executive’s express written consent:

(i) A material reduction in Executive’s base salary, except where there is a general reduction
applicable to the management team generally;

(ii) A material reduction in Executive’s overall responsibilities or authority, or scope of
duties; or

(iii) A material change in the geographic location at which Executive must perform his
services; provided that in no instance will the relocation of Executive to a facility or a location
of fifty (50) miles or less from Executive’s then current office location be deemed material for
purposes of this Agreement;

provided, however, that before Executive may resign for Good Reason, (A) Executive must
provide the Company with written notice within ninety (90) days of the initial event that Executive
believes constitutes “Good Reason” specifically identifying the facts and circumstances claimed to
constitute the grounds for Executive’s resignation for Good Reason and the proposed termination
date (which will not be more than thirty (30) days after the giving of written notice hereunder by
Executive to the Company), and (B) the Company must have an opportunity within thirty (30) days
following delivery of such notice to cure the Good Reason condition.

7. Successors.

(a) The Company’s Successors. Any successor to the Company (whether direct or
indirect and whether by purchase, merger, consolidation, liquidation or otherwise) to all or
substantially all of the Company’s business and/or assets will assume the obligations under this
Agreement and agree expressly to perform the obligations under this Agreement in the same manner
and to the same extent as the Company would be required to perform such obligations in the absence
of a succession. For all purposes under this Agreement, the term “Company” will include any
successor to the Company’s business and/or assets which executes and delivers the assumption
agreement described in this Section 7(a) or which becomes bound by the terms of this Agreement by
operation of law.

(b) Executive’s Successors. The terms of this Agreement and all rights of Executive
hereunder will inure to the benefit of, and be enforceable by, Executive’s personal or legal
representatives, executors, administrators, successors, heirs, distributees, devisees and legatees.

8. Notice.

(a) General. Notices and all other communications contemplated by this Agreement will
be in writing and will be deemed to have been duly given when personally delivered or when mailed
by U.S. registered or certified mail, return receipt requested and postage prepaid. In the case of
Executive, mailed notices will be addressed to him or her at the home address which he or she most
recently communicated to the Company in writing. In the case of the Company, mailed notices will
be addressed to its corporate headquarters, and all notices will be directed to the attention of
its President.

(b) Notice of Termination. Any termination by the Company for Cause or by Executive
for Good Reason or as a result of a voluntary resignation will be communicated by a notice of
termination to the other party hereto given in accordance with Section 8(a) of this Agreement.
Such notice will indicate the specific termination provision in this Agreement relied upon, will
set forth in reasonable detail the facts and circumstances claimed to provide a basis for
termination under the provision so indicated, and will specify the termination date. The failure
by Executive to include in the notice any fact or circumstance which contributes to a showing of
Good Reason will not waive any right of Executive hereunder or preclude Executive from asserting
such fact or circumstance in enforcing his or her rights hereunder.

9. Arbitration. The Company and the Executive each agree that any and all disputes
arising out of the terms of this Agreement, Executive’s employment by the Company, Executive’s
service as an officer or director of the Company, or Executive’s compensation and benefits, their
interpretation and any of the matters herein released, will be subject to binding arbitration. In
the event of a dispute, the parties (or their legal representatives) will promptly confer to select
a single arbitrator mutually acceptable to both parties. If the parties cannot agree on an
arbitrator, then the moving party may file a demand for arbitration with the American Arbitration
Association (“AAA”) in San Diego County, California, who will be selected and appointed consistent
with the AAA-Employment Dispute Resolution Rules, except that such arbitrator must have the
qualifications set forth in this paragraph. Any arbitration will be conducted in a manner
consistent with AAA National Rules for the Resolution of Employment Disputes, supplemented by the
California Rules of Civil Procedure. The parties further agree that the prevailing party in any
arbitration will be entitled to injunctive relief in any court of competent jurisdiction to enforce
the arbitration award. The parties hereby agree to waive their right to have any dispute between
them resolved in a court of law by a judge or jury. This paragraph will not prevent either party
from seeking injunctive relief (or any other provisional remedy) from any court having jurisdiction
over the parties and the subject matter of their dispute relating to Executive’s obligations under
this Agreement and the Company’s form of confidential information agreement.

10. Code Section 409A.

(a) Notwithstanding anything to the contrary in this Agreement, if Executive is a “specified
employee” within the meaning of Section 409A at the time of Executive’s termination (other than due
to death), then the cash severance benefits payable to Executive under this Agreement, if any, and
any other severance payments or separation benefits that may be considered deferred compensation
under Section 409A (together, the “Deferred Compensation Separation Benefits”) otherwise due to
Executive on or within the six (6) month period following Executive’s termination shall accrue
during such six (6) month period and shall become payable in a lump sum payment on the date six (6)
months and one (1) day following the date of Executive’s termination of employment. All subsequent
payments, if any, shall be payable in accordance with the payment schedule applicable to each
payment or benefit. Notwithstanding anything herein to the contrary, if Executive dies following
his termination but prior to the six (6) month anniversary of his date of termination, then any
payments delayed in accordance with this Section shall be payable in a lump sum as soon as
administratively practicable after the date of Executive’s death and all other Deferred
Compensation Separation Benefits shall be payable in accordance with the payment schedule
applicable to each payment or benefit.

(b) It is the intent of this Agreement to comply with the requirements of Section 409A so that
none of the severance payments and benefits to be provided hereunder shall be subject to the
additional tax imposed under Section 409A, and any ambiguities herein shall be interpreted to so
comply. The Company and Executive agree to work together in good faith to consider amendments to
this Agreement and to take such reasonable actions which are necessary, appropriate or desirable to
avoid imposition of any additional tax or income recognition under Section 409A prior to actual
payment to Executive.

11.

3

Miscellaneous Provisions.

(a) Waiver. No provision of this Agreement will be modified, waived or discharged
unless the modification, waiver or discharge is agreed to in writing and signed by Executive and by
an authorized officer of the Company (other than Executive). No waiver by either party of any
breach of, or of compliance with, any condition or provision of this Agreement by the other party
will be considered a waiver of any other condition or provision or of the same condition or
provision at another time.

(b) Headings. All captions and section headings used in this Agreement are for
convenient reference only and do not form a part of this Agreement.

(c) Choice of Law. The validity, interpretation, construction and performance of this
Agreement will be governed by the laws of the State of California (with the exception of its
conflict of laws provisions).

(d) Integration. This Agreement, together with the form of confidential information
agreement, the standard forms of Equity Award agreement that describe Executive’s outstanding
Equity Awards, and, if applicable, the written agreement between the Company and Executive which
provides for retiree medical coverage represents the entire agreement and understanding between the
parties as to the subject matter herein and supersedes all prior or contemporaneous agreements
whether written or oral. No waiver, alteration, or modification of any of the provisions of this
Agreement will be binding unless in a writing and signed by duly authorized representatives of the
parties hereto. In entering into this Agreement, no party has relied on or made any
representation, warranty, inducement, promise, or understanding that is not in this Agreement. To
the extent that any provisions of this Agreement conflict with those of any other agreement between
the Executive and the Company, the terms in this Agreement will prevail.

(e) Severability. In the event that any provision or any portion of any provision
hereof becomes or is declared by a court of competent jurisdiction to be illegal, unenforceable, or
void, this Agreement will continue in full force and effect without said provision or portion of
provision. The remainder of this Agreement shall be interpreted so as best to effect the intent of
the Company and Executive.

(f) Withholding. All payments made pursuant to this Agreement will be subject to
withholding of applicable income and employment taxes.

(g) Counterparts. This Agreement may be executed in counterparts, each of which will
be deemed an original, but all of which together will constitute one and the same instrument.

4

IN WITNESS WHEREOF, each of the parties has executed this Agreement, in the case of the
Company by its duly authorized officer, as of the day and year set forth below.

	 	 	 
	COMPANY

	 	COHU, INC.

By:
	
 
	 	 
	
 
	 	Title:
	
 
	 	 
	EXECUTIVE

	 	By:
	
 
	 	 
	
 
	 	Title:
	
 
	 	 

5EX-10.1

EXHIBIT 10.1

ASSET PURCHASE AGREEMENT

ASSET PURCHASE AGREEMENT (this “Agreement”) dated effective as of December 22, 2008, by and
between Knovitech, Inc., a Delaware 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.

RECITALS

WHEREAS, Seller runs a business in software and hardware in the defense, homeland security,
systems diagnostics and prognostics, sensor fusion, information and computational technology 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, a substantial amount of Seller’s assets (the
“Assets”) in connection with the Transferred Business in exchange for the consideration described
in Section 1 below;

WHEREAS, in connection with such transactions, Seller agrees to make certain additional
representations and agreements with the Buyer as set forth in this Agreement.

AGREEMENT

NOW, THEREFORE, in consideration of the premises of the mutual agreements and covenants
hereinafter set forth, Buyer and Seller (collectively, the “Parties”) agree as follows:

Section 1. Purchase of Assets.

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 (except for the trade name “VIASPACE” and Direct Methanol
Fuel Cell Corporation “DMFCC” and “Ionfinity”);

(b) customer lists and customer orders received after Closing;

(c) Seller’s Licenses (as defined below) or other contractual arrangements for “SHINE”,
an inference engine technology, and any related Licenses from JPL/Caltech for use of SHINE
in one or more applications including but not limited to defense applications, homeland
defense, maritime security, and diagnostics and prognostics, medical systems, manufacturing,
plan management, telecommunications, etc.);

(d) Seller’s Licenses and Intellectual Property relating to the AIMS Perimeter
Surveillance Radar solution (by DMT) (“AIMS Radar”) and also the deposit on the radar
equipment;

(e) Seller’s Licenses and Intellectual Property relating to:

	 	(i)	 	ViaChange technology;

	 	(ii)	 	U-Hunter technology;

	 	(iii)	 	MUDSS technology;

(f) all other Seller’s right, title and interest in any technology Licenses or other
similar agreements expressly assumed by the Buyer and set forth in Schedule 1;

(g) Certain equipment owned by Seller consisting of (i) desktop and laptop computers
used by Seller’s consultants or employees as described on Schedule 2 attached hereto and
(ii) test and manufacturing equipment needed to carry on the business units acquired by the
Buyer;

(h) all other intangible assets related to the assets set forth in subsections (a)
through (h) listed above;

(i) all uniform resource locators (“URLs”) associated with the domain names of the
Seller related, directly or indirectly, to the Purchased Assets as described in sub-sections
(a) through (i) above, including, without limitation, any websites related to the Purchased
Assets together with all content of such websites but excluding URLs and websites
incorporating the trade name “VIASPACE”, or relating to DMFCC (as defined below);

(j) 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 (j) 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) the Intellectual Properties, including trademark, logo, trade name and corporate name,
URLs, websites relating to and incorporating the name “VIASPACE”, and Direct Methanol Fuel Cell
Corporation , “DMFCC” and any modifications or derivations of any of the foregoing;

(c) Seller’s Equipment including without limitation, furniture, fixtures, computers and tenant
improvements and computer servers, not otherwise described on Schedule 2 attached hereto; r;

(d) The energy businesses, including without limitation the humidity sensor, battery tester,
and battery businesses and also Seller’s member interest in Ionfinity LLC, until after the option
price of $400,000.00 is paid to Seller

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

(f) equity securities of, or any other rights, interests or privileges pertaining to any of
Seller’s subsidiaries.

1.3 Closing. At the Closing, subject to the terms and conditions hereof, the Seller
shall deliver to Buyer:

(a) an executed Bill of Sale in the form set forth as Exhibit A;

	 	(b)	 	an Assignment and Assumption Agreement in the
form set forth as Exhibit B; and

(c) and the Seller’s Secretary’s Certificate.

and the Buyer shall deliver to Seller:

	 	(a)	 	an executed Assignment and Assumption Agreement
in the form set forth as Exhibit B;

(b) and the Buyer’s Secretary’s Certificate.

1.4 Purchase Price Amount. The aggregate consideration to be paid by Buyer for the
Assets (the “Purchase Price”) shall be $479,000:

(a) $200,000 which has already been paid by Buyer as a deposit upon executed of Term Sheets
between Seller and Buyer;

(b) $250,000 payable by Buyer’s assumption of certain indebtedness of Seller as evidenced by
that certain promissory note executed and delivered by Seller dated as of in the original
principal amount of $250,000.00 plus accrued interest of $29,000 executed by Seller in favor of
Rhino Steel Manufacturing Ltd. and subsequently acquired by SNK Capital Trust (“Rhino Note”).
Buyer represents that the Rhino Note shall be deemed satisfied as of the Closing.

1.5 Liabilities. Buyer shall assume and agree to pay, honor and discharge when due, ,
(i)remaining amounts owed by Seller to DMT the supplier of the AIMS Radar (The radar assets in
section 1.1(d) will not be transferred to Seller until the liability to DMT has been removed,
Seller will retain all rights to the radar assets in section 1.1(d) if the liability has not been
removed by December 31, 2008. , (“Assumed Liabilities”). Other than the Assumed Liabilities, 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.

1.6 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.

“Equipment” shall mean all furniture, fixtures and all equipment.

“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).

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, 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.

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. Covenants And Other Agreements.

4.1 Conduct of the Business. Seller covenants and agrees that, between the date
hereof and the Closing, Seller shall conduct its business in the ordinary course and consistent
with Seller’s past practice.

4.2 Option for Additional Purchase of Assets Seller grants Buyer an option to
purchase the humidity sensor, battery tester, and battery businesses and VIASPACE’s share in
Ionfinity LLC for a cash purchase price of $400,000 This option expires on April 18, 2009. If
VIASPACE receives an offer for one or more of these businesses during the option period, Buyer must
either purchase the business unit at the higher of the offered price, or exercise the entire option
for $400,000 within seven days of written notification by Seller. At Buyer’s request, the
following are components of the $400,000- humidity sensor $175,000, battery tester $75,000, battery
business $50,000, and Ionfinity $100,000. The option requires purchase of all these business units
together. These prices do not reflect sales or offering prices for the individual business units.

4.4 Employment And Sublease of Space. Buyer wishes to retain certain VIASPACE
consultants and employees for the purpose of assisting Buyer with efforts to commercialize the
Assets. Buyer will sublease space from VIASPACE on a month-to-month basis for a minimum of $2,000
per month. At closing, buyer will provide VIASPACE with $4,000 to cover the first two months of
the sublease. Buyer will prepay these expenses in the future on a monthly basis. Buyer will enter
into an employment agreement with Amjad Abdallat.. 

4.5 Bulk Sales Law. Buyer waives compliance with any applicable bulk sales laws, if
any.

Section 5. Export Controls.

5.1 Export Control Laws. Each of Buyer and Seller (generically, a “Party”) agrees
that each shall comply with the export control laws of the United States as applicable to this
Agreement, including, without limitation, the transfer of technologies and commodities (hereinafter
collectively called “items”) pursuant to the terms of this Agreement. In the event that one Party
shall transfer items to the other Party, the transferring Party shall determine if the transfer is
subject to export controls. If so, the transferring Party shall comply with all domestic
requirements to assure the lawful export of the items, and shall advise the receiving Party of the
provision of the export control lists, which controls the transfer. The transferring Party shall
provide the other Party with the classification numbers according to the export control lists, if
controlled.

5.2 No Military Weapons Purposes. During and after the term of this Agreement, Buyer
shall not use any hardware, software or any other information received from Seller under this
Agreement for “Military Weapons Purposes” (as defined below). For the purpose of this Section 5.2,
“Military Purposes” means the design, development, manufacture or use of any weapons, including
without limitation, nuclear weapons, biological weapons, chemical weapons and missiles and land
mines.

5.3 No Business with Countries subject to UN Sanctions. During and after the term of
this Agreement, Buyer shall not render services or sell products to any customers in any country
designated as “Countries against which sanctions should be taken” by certain resolution of the
Security Council of the United Nations as long as such resolutions remain valid.

5.4 Liability for Breach. Should Buyer fail to comply with any of the obligations set
forth in this Section 5, Buyer shall indemnify and hold harmless the Seller from any and all
penalties, fines, expenses or damages which might arise as a result of such a failure.

Section 6. 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:

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

6.2 No Material Adverse Change. Since the date of this Agreement, there shall not
have occurred, in the opinion of Buyer, any material adverse change in the condition of the Assets
(“Material Adverse Change”), and no change in the business or operations in which such Assets are
used.

6.3 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.

6.4 Seller’s Secretary’s Certificate. Buyer shall have received a true and complete
copy, certified by the Secretary of Seller, of the resolutions duly and validly adopted by each of
the Board of Directors, evidencing their authorization of the execution and delivery of this
Agreement to which Seller is a party and the consummation of the transactions contemplated hereby
and thereby.

6.5 Assignment and Assumption Agreement. Seller shall have executed and delivered the
Assignment and Assumption Agreement.

6.6 Bill of Sale. Seller shall have executed and delivered the Bill of Sale.

6.7 Third Party Consents. Seller shall have obtained all required approvals of
licensors of licenses to be assigned from Seller to Buyer.

Section 7. 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:

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

7.2 Payments: Buyer has received from Seller $33,000 by wire transfer for Caltech’s
intellectual property fees and for two month’s rent of VIASPACE office and laboratory space,.

7.3 Assignment of $250,000 Promissory Note. SNK Capital Trust shall have executed and
delivered the Assignment of the Rhino Note to VIASPACE.

7.3 Buyer’s Secretary’s Certificate. Seller shall have received a true and complete
copy, certified by the Secretary or an Assistant Secretary of Buyer, of the resolutions duly and
validly adopted by the Board of Directors of Buyer evidencing its authorization of the execution
and delivery of this Agreement to which Buyer is a party and the consummation of the transactions
contemplated hereby and thereby.

7.4 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.

7.5 Assignment and Assumption Agreement. Buyer shall have executed and delivered the
Assignment and Assumption Agreement.

Section 8. 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 December 18,
2008 or on such other date as the Buyer and Seller mutually agree upon in writing or orally (the
“Closing”).

Section 9. Indemnification.

9.1 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 the first anniversary of 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.

9.2 Indemnification by Seller.

(a) Indemnifiable Losses. Subject to Section 9.2(b) and (c) below, the Buyer and its
affiliates, officers, directors, employees, agents, successors and assigns shall be 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 other than the
Assumed Liabilities, 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 9.2(a) shall be an amount equal
to the Purchase Price actually received by Seller.

9.3 Indemnification by Buyer.

(a) Subject to Section 9.3(b) below, the Seller and its affiliates, officers, directors,
employees, agents successors and assigns shall be 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 9.3(a) shall be an amount equal
to the Purchase Price actually received by Seller.

9.4 Indemnification Procedures.

(a) For purposes of this Section 9.4, “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 9 with
respect to Losses arising from claims of any third party which are subject to the indemnification
provided for in this Section 9 (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 9 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.

(c) To the extent that the Indemnifying Parties’ undertakings set forth in this Section 9 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.

9.5 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.

9.6 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).

9.7 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 10. Miscellaneous.

10.1 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.

10.2 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.

10.3 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 Nevada, 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.

10.4 Publicity. Except as otherwise required by applicable laws or regulations,
neither Seller nor Buyer shall issue any press release or make any other public statement, in each
case relating to or connected with of this Agreement or the matters contemplated hereby, without
obtaining the prior approval of the other party hereto to the contents and the manner of
presentation and publication thereof, which approval shall not be unreasonably withheld.

10.5 Confidentiality. Except as otherwise required by applicable laws or otherwise
provided by the terms of this Agreement, Seller agrees to, and to cause any respective affiliates
to, keep confidential all non-public information, without limitation, relating to the Assets.

10.6 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.

10.7 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.

10.8 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.

10.9 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.

10.10 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.

[SIGNATURES ON FOLLOWING PAGE]

1

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

	 	 	 	BUYER

	 	 	 	Knovitech Inc.

	 	 	 
	By:

Title:

	 	/s/ Gaye Knowles

Name: Gaye Knowles

Its President

	 	 	SELLER

	 	 	 	VIASPACE Inc.

	 	 	 	 	 
	By:	 	/s/ Carl Kukkonen
	Title:

	 	Name:

CEO
	 	Carl Kukkonen

2

SCHEDULE 1

DESCRIPTION OF ASSUMED ASSETS

SHINE Related Technologies

Caltech Licenses

	 	1.	 	SHINE World-Wide Exclusive Fields of use license 2006

	 	2.	 	SHINE World-Wide Non-Exclusive license 2004

	 	3.	 	KBE (Knowledge Base Editor March 2007)

	 	4.	 	U-Hunter license

	 	5.	 	MUDSS license

PATENTS

	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	USPTO ID / Agency ID
	#	 	Title	 	Country	 	Filing Date	 	Number
	1

	 	Detection of Objects

of Interest Based on

Differential

Emissivity
	 	

USA
	 	

9/18/06
	 	

11/523,776
	 

	 	 
	 	 
	 	 
	 	 
	2

	 	Threat Detection

Based on Radiation

Contrast
	 	

USA
	 	

10/16/07
	 	

11/873,276
	 

	 	 
	 	 
	 	 
	 	 
	3

	 	Real-Time Improvised

Explosive Device

Detection Based on

Differential

Emissivity
	 	

USA
	 	

11/21/05
	 	

60/739,055
	 

	 	 
	 	 
	 	 
	 	 
	4

	 	Automated Threat

Detection System

Based on Thermal

Gradients and Edge

Detection
	 	

USA
	 	

10/16/06
	 	

60/852,090
	 

	 	 
	 	 
	 	 
	 	 
	5

	 	Explosive Device

Detection Based on

Differential

Emissivity
	 	

USA
	 	

7/3/07
	 	

7,239,974
	 

	 	 
	 	 
	 	 
	 	 
	6

	 	Detection of Objects

of Interest Based on

Differential

Emissivity
	 	

USA 
	 	

11/21/06
	 	

PCT/US2006/045355
	 

	 	 
	 	 
	 	 
	 	 
	7

	 	Threat Detection

Based on Radiation

Contrast
	 	

 USA
	 	

10/16/07
	 	

PCT/US2007/081551
	 

	 	 
	 	 
	 	 
	 	 

3

EXHIBIT A

BILL OF SALE

4

EXHIBIT B

ASSIGNMENT AND ASSUMPTION AGREEMENT

5

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00151-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00151-of-00352.parquet"}]]