On January 3, 2008, VIASPACE Inc. (the "Company") entered into a Stock Purchase Agreement (the "SPA") with La Jolla Cove Investors, Inc., a California corporation to purchase a total of 1,096,491 shares of the Company's common stock at a purchase price of $0.0456 per share in exchange for gross proceeds of $50,000. The shares of common stock sold by the Company in this sale are registered under an existing registration statement on Form S-3 (File No. 333-141979), which was declared effective by the SEC on June 12, 2007. A prospectus supplement was filed with the SEC on January 4, 2008 pursuant to Rule 424(b)(2).

A copy of the form of the SPA used in this sale was filed as Exhibit 10.1 to Form 8-K filed on November 2, 2007 and is incorporated herein by reference.