VIASPACE Inc. (OTCPK:VSPC) announced that it has entered into a securities purchase agreement with an individual accredited investor, Mark Monahan for the private placement of 23,809,524 common shares at $0.0021 per share for gross proceeds of $50,000 on October 6, 2015. The obligations of the company in connection with the acceptance of the subscription are subject to certain conditions including all obligations, covenants and agreements of the investor required to be performed at or prior to the date hereof shall have been performed. The investor has not retained, or otherwise entered into any agreement or understanding with, any broker or finder in connection with the purchase of the shares and the company will not incur any liability for any fee, commission or other compensation on account of any such retention, agreement or understanding by the investor.