IAO IA Global,

Item 1.01.   Entry into a Material Definitive Agreement.

Amendment to Stock Purchase Agreement with Inter Asset Japan LBO No 1 Fund

On January 26, 2010, IA Global, Inc., a Delaware corporation (the “Company”), received a $250,000 funding commitment under an Amendment to the Stock Purchase Agreement (“Amended Agreement”) with Inter Asset Japan LBO No 1 Fund (“Investor”), an existing shareholder of the Company. Under the terms of the Amended Agreement, the Company agreed to issue and sell to the Investor 6,250,000 shares of the Company’ s common stock for an aggregate purchase price of $250,000, or $0.04 per share.

The Investor has the option, but not the obligation, to purchase, on or before March 31, 2010, an additional 50,000,000 shares of common stock at a purchase price of US$.04 per share, or an aggregate price of US$2,000,000.

Finally, the Investor has the option, but not the obligation, to purchase, on or before April 30, 2010, an additional 50,000,000 shares of common stock at a purchase price of US$.04 per share, or an aggregate price of US$2,000,000, as long as $500,000 has been funded by February 28, 2010.

Under the terms of its original August 17, 2009 Stock Purchase Agreement with the Investor, as of January 27, 2010, the Company has agreed to issue and sell to the Investor, 74,278,383 shares at a purchase price of $.04 per share, or an aggregate price of $2,861,000. Further, approximately $971,000 of the funds can be used for working capital and the remaining $2,000,000 can be used for investments.

The Company issued and sold the shares of common stock to the Investor in reliance on the exemption from the registration requirements set forth in the Securities Act of 1933 (the “Securities Act”) provided under Section 4(2) of the Securities Act and Regulation D promulgated by the Securities and Exchange Commission (the “SEC”) under the Securities Act.

Stock Purchase Agreement with MGVJ Co Ltd

On January 26, 2010, Company received a $480,000 funding commitment under a Stock Purchase Agreement (“Agreement”) with MGVJ Co. Ltd. (“New Investor”), a new shareholder of the Company. Under the terms of the Agreement, the Company agreed to issue and sell to the New Investor 9,600,000 shares of the Company’ s common stock for an aggregate purchase price of $480,000, or $0.05 per share, with payments as follows:

(i)         2,400,000 shares at a purchase price of US$.05 per share, or an aggregate price of US$120,000, on or before March 31, 2010.

(ii)       2,400,000 shares at a purchase price of US$.05 per share, or an aggregate price of US$120,000, on or before April 30, 2010.

(iii)      2,400,000 shares at a purchase price of US$.05 per share, or an aggregate price of US$120,000, on or before May 31, 2010.

(iv)       2,400,000 shares at a purchase price of US$.05 per share, or an aggregate price of US$120,000, on or before June 30, 2010.

The New Investor’s obligation to purchase the foregoing shares by the dates specified is conditioned upon the representations and warranties of the Company contained in the Agreement being accurate as of such dates.

- 2 -