Document:

Global Green Solutions Inc.: Exhibit 10.3 - Filed by newsfilecorp.com

SETTLEMENT AGREEMENT

     THIS AGREEMENT is entered
into as of this 4th day of May, 2011 by and between Global Green
Solutions Inc., a Nevada corporation (the “Company”) and Folaria Management
Limited, of Gr. Xenopoulou 17, P.C. 3106, Limassol, Cyprus (“the
Subscriber”).

RECITALS:

     WHEREAS, the Subscriber has
provided capital of US $45,455 and was issued a promissory note or notes by the
Company, and is further owed accrued interest thereto in the amount of US
$11,407 whereby the Company is indebted to the Subscriber in the aggregate
amount of US $56,862 as at November 30, 2010 for certain capital received from
the Subscriber, and accrued interest on unpaid amounts due to the Subscriber
thereunder; and

     WHEREAS the Subscriber is owed US
$297,822 in unpaid consulting fees and an aggregate $51,316 in unpaid expenses
due to the Subscriber (US $45,366) and its affiliate, Sigma Consult bvba (US
$5,950), as at November 30, 2010; and

     WHEREAS, the Subscriber has
agreed to forgive the accrued interest owed of US $11,407 and to forego further
interest on any capital balances outstanding, to forgive the consulting fees
owed of US $297,822, and to terminate the consulting agreement between the
Company and the Subscriber effective November 30, 2010; and

     WHEREAS, the Company and the
Subscriber acknowledge that the aggregate amount of US $96,771 is due and owing
the Subscriber (the “Debt”); and

     WHEREAS, the Subscriber has
agreed to accept restricted common shares of the Company in exchange for the
Debt and

     WHEREAS, the Company agrees to
issue to the Subscriber 645,140 shares of its restricted common stock (the
“Shares”) as full and complete satisfaction of the Debt, pursuant to Global
Green Solutions Inc. Board of Directors authorized resolution dated February 21,
2011.

AGREEMENT

     1. The Company shall settle the
Debt effective as at November 30, 2010 and issue the Subscriber 645,140
restricted common shares in full and complete satisfaction of the Debt.

Initials: “MES”

“JDF”

-2-

Settlement Agreement dated the 4th
day of May, 2011 by and between
 Global Green Solutions
Inc. and Folaria Management Limited

     2. The Subscriber agrees to
accept the issuance and delivery of 645,140 Shares in full settlement and
satisfaction of the Debt, and upon receipt of the Shares hereby agrees that the
Debt shall be deemed satisfied in full and hereby releases and forever
discharges the Company, and its officers, directors, employees, and agents from
any and all causes of action whether known or unknown, debts, sums of money,
claims and demands whatsoever, in law or in equity, related to the Debt, which
the Subscriber now or hereafter can, shall or may have.

     3. The Subscriber is aware that
the Shares are not being registered under the Securities Act of 1933, as amended
(the “Securities Act”). The Subscriber understands that the Shares are being
issued in reliance on the exemption from registration provided by Section 4(2)
thereunder. The Subscriber understands that it may be required to bear the
economic risk of this investment for an indefinite period of time because there
is currently a limited trading market for the Shares and the Shares cannot be
resold or otherwise transferred unless applicable federal and state securities
laws are complied with or exemptions therefrom are available.

     4. The Subscriber represents and
warrants that the Shares are being acquired solely for the Subscriber’s own
account, for investment purposes only, and not with a view to or in connection
with, any resale or distribution. The Subscriber understands that the Shares are
nontransferable unless those shares are registered under the Securities Act and
under any applicable state securities law or an opinion of counsel satisfactory
to the Company is delivered to the Company to the effect that any proposed
disposition of those shares will not violate the registration requirements of
the Securities Act and any applicable state securities laws. The Subscriber
further understands that the Company has no obligations to register the Shares
under the Securities Act or to register or qualify the Shares for sale under any
state securities laws, or to take any other action, through the establishment of
exemption(s) or otherwise, to permit the transfer thereof.

     5. The Subscriber has had an
opportunity to ask questions of and received answers from the officers,
directors and employees of the Company or a person or persons acting on its or
their behalf, concerning the financial position of the Company. The Subscriber
has reviewed such other information regarding the acquisition of the Shares as
the Subscriber has (in consultation with such advisors as the Subscriber has
deemed appropriate) determined to be necessary or appropriate in the
circumstances.

Initials: “MES”

“JDF”

-3-

Settlement Agreement dated the 4th
day of May, 2011 by and between 
Global Green Solutions
Inc. and Folaria Management Limited

     6. The Subscriber agrees and
acknowledges that it is not purchasing the Shares as a result of any “general
solicitation or general advertising” (as such term is defined in the Securities
Act of 1933 or the rules promulgated thereunder), including any advertisement,
article, notice or other communication published in any newspaper, magazine, or
similar media or broadcast over television or radio, or any seminar or meeting
where the attendees have been invited by general solicitation or general
advertising.

     7. This Settlement Agreement
shall be effective as of November 30, 2010 with a contemplated closing and issue
date of the Shares on or about May 10, 2011, and shall be binding upon and inure
to the benefit of the parties hereto and their respective assigns and
successors.

     8. This Agreement contains the
entire understanding among the parties related in any way to the subject matter
hereof and supersedes any prior understandings or written or oral agreements
among them respecting the within subject matter.

     9. The Parties shall execute and
deliver after the date hereof, without additional consideration, such further
assurances, instruments and documents, and to take such further actions, as may
be reasonably requested in order to fulfill the intent of this Agreement and the
transactions contemplated hereby.

	 	GLOBAL GREEN SOLUTIONS INC. 
	 	 
	 	 By: 	“M.
      Elden Schorn” 
	 	 	Elden Schorn,
    Director  
	 	 	 
	 	 	 
	 	FOLARIA MANAGEMENT LIMITED 
	 	 
	 	 By: 	“J.
      D. Frater” 
	 	  	J. Douglas Frater, PresidentGlobal Green Solutions Inc.: Exhibit 10.4 - Filed by newsfilecorp.com

SETTLEMENT AGREEMENT

     THIS AGREEMENT is entered
into as of this 4th day of May, 2011 by and between Global Green
Solutions Inc., a Nevada corporation (the “Company”) and Craig Harting, of 2519
San Marcos Avenue, San Diego, California (“Harting”).

RECITALS:

     WHEREAS Harting is owed US
$161,703 in unpaid consulting fees and $15,293 in unpaid expenses by the Company
as at November 30, 2010; and

     WHEREAS, Harting has agreed to
forgive the consulting fees owed of US $161,703 and to terminate the consulting
agreement between the Company and Harting effective November 30, 2010; and

     WHEREAS, the Company and Harting
acknowledge that the amount of US $15,293 is due and owing Harting (the “Debt”);
and

     WHEREAS, Harting has agreed to
accept restricted common shares of the Company in exchange for the Debt and

     WHEREAS, the Company agrees to
issue to Harting 101,953 shares of its restricted common stock (the “Shares”) as
full and complete satisfaction of the Debt pursuant to Global Green Solutions
Inc. Board of Directors authorized resolution dated February 21, 2011.

AGREEMENT

     1. The Company shall settle the
Debt effective as at November 30, 2010 and issue Harting 101,953 shares in full
and complete satisfaction of the Debt. 

     2. Harting agrees to accept the
issuance and delivery of 101,953 Shares in full settlement and satisfaction of
the Debt, and upon receipt of the Shares hereby agrees that the Debt shall be
deemed satisfied in full and hereby releases and forever discharges the Company,
and its officers, directors, employees, and agents from any and all causes of
action whether known or unknown, debts, sums of money, claims and demands
whatsoever, in law or in equity, related to the Debt, which Harting now or
hereafter can, shall or may have.

Initials: “MES”

“CAH”

-2-

Settlement Agreement dated the 4th
day of May, 2011 by and between 
Global Green Solutions
Inc. and Craig Harting

     3. Harting is aware that the
Shares are not being registered under the Securities Act of 1933, as amended
(the “Securities Act”). Harting understands that the Shares are being issued in
reliance on the exemption from registration provided by Section 4(2) thereunder.
Harting understands that it may be required to bear the economic risk of this
investment for an indefinite period of time because there is currently a limited
trading market for the Shares and the Shares cannot be resold or otherwise
transferred unless applicable federal and state securities laws are complied
with or exemptions therefrom are available.

     4. Harting represents and
warrants that the Shares are being acquired solely for Harting’s own account,
for investment purposes only, and not with a view to or in connection with, any
resale or distribution. Harting understands that the Shares are nontransferable
unless those shares are registered under the Securities Act and under any
applicable state securities law or an opinion of counsel satisfactory to the
Company is delivered to the Company to the effect that any proposed disposition
of those shares will not violate the registration requirements of the Securities
Act and any applicable state securities laws. Harting further understands that
the Company has no obligations to register the Shares under the Securities Act
or to register or qualify the Shares for sale under any state securities laws,
or to take any other action, through the establishment of exemption(s) or
otherwise, to permit the transfer thereof.

     5. Harting has had an opportunity
to ask questions of and received answers from the officers, directors and
employees of the Company or a person or persons acting on its or their behalf,
concerning the financial position of the Company. Harting has reviewed such
other information regarding the acquisition of the Shares as Harting has (in
consultation with such advisors as Harting has deemed appropriate) determined to
be necessary or appropriate in the circumstances.

     6. Harting agrees and
acknowledges that it is not purchasing the Shares as a result of any “general
solicitation or general advertising” (as such term is defined in the Securities
Act of 1933 or the rules promulgated thereunder), including any advertisement,
article, notice or other communication published in any newspaper, magazine, or
similar media or broadcast over television or radio, or any seminar or meeting
where the attendees have been invited by general solicitation or general
advertising.

     7. This Settlement Agreement
shall be effective as of November 30, 2010 with a contemplated closing and issue
date of the Shares on or about May 10, 2011, and shall be binding upon and inure
to the benefit of the parties hereto and their respective assigns and
successors.

Initials: “MES”

“CAH”

-3-

Settlement Agreement dated the 4th
day of May, 2011 by and between 
Global Green Solutions
Inc. and Craig Harting

     8. This Agreement contains the
entire understanding among the parties related in any way to the subject matter
hereof and supersedes any prior understandings or written or oral agreements
among them respecting the within subject matter.

     9. The Parties shall execute and
deliver after the date hereof, without additional consideration, such further
assurances, instruments and documents, and to take such further actions, as may
be reasonably requested in order to fulfill the intent of this Agreement and the
transactions contemplated hereby.

     10. This Agreement may be
executed at different times and places, in counterparts, and shall be effective
as of November 30, 2010. Any party may rely upon a copy of this Agreement
received by facsimile or email transmission and bearing another party’s
signature as having been signed by such other party, and a copy of this
Agreement so received and signed by or on behalf of a party shall have been
validly executed to the same extent as if an original copy had been executed.

	 	GLOBAL GREEN SOLUTIONS
      INC., 
	 	 	  
	 	 By: 	“M.
      Elden Schorn” 
	 	 	Elden Schorn, Director 
	 	 	  
	 	 	  
	 	 	  
	 	 	“Craig A. Harting” 
	 	 	Craig Harting

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