EX-2.1
from 8-K
5 pages
VIASPACE Inc. Stock Option Agreement This Stock Option Agreement Is Entered Into This 15th Day of June 2005, by and Among Viaspace Technologies LLC, a Delaware Limited Liability Company (“Viaspace”), Global-Wide Publication Ltd. (“Gw”) and Snk Capital Trust (“Optionee”). Whereas, by an Agreement Dated February 25, 2005 (The “Previous Option”) Viaspace Granted to the Optionee an Option to Purchase Up to 5,000,000 Membership Membership Units of Viaspace (“Membership Units”) for an Aggregate Purchase Price of $7,500,000; Whereas, in or About May, 2005 Viaspace Agreed to Increase the Previous Option to Allow the Optionee an Option to Purchase Up to 6,666,666 Membership Units at a Price of $1.50 Per Membership Unit, for an Aggregate Purchase Price of $10,000,000; Whereas, Viaspace Intends to Enter Into a Business Combination With Gw (The “Merger”) With the Surviving Entity Being Renamed “Viaspace Inc.” (The “Surviving Corporation”); and Whereas, the Parties Desire for This Agreement to Supersede and Replace the Previous Option. Now, Therefore, It Is Hereby Agreed as Follows
12/34/56
