Document:

Global Green Solutions Inc.: Exhibit 10.1 - Filed by newsfilecorp.com

SETTLEMENT AGREEMENT

     THIS AGREEMENT is entered
into as of this 21st day of February, 2011 by and between Global
Green Solutions Inc., a Nevada corporation (the “Company”) and WOODBURN HOLDINGS
LTD. of 885 Pyrford Road, West Vancouver, B.C. V7S 2A2 Canada (“the
Subscriber”).

RECITALS:

     WHEREAS, the Subscriber has
provided capital of US $194,000 and was issued a promissory note by the Company,
and is further owed accrued interest thereto in the amount of US $51,250 and
whereby the Company is indebted to the Subscriber in the aggregate amount of US
$245,250 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
$10,505 in unpaid expenses and US $162,101 in unpaid consulting fees as at
November 30, 2010; and

     WHEREAS, the Subscriber has
agreed to forgive the accrued interest owed of US $51,250 and to forego further
interest on any capital balances outstanding, to forgive the consulting fees
owed of US $162,101, 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 $204,505 is due and owing
the Subscriber; and

     WHEREAS, the Subscriber has
agreed to accept restricted common shares of the Company in exchange for 75% of
the capital amount of US $194,000, being US $145,500, and 100% of the unpaid
expenses of US $10,505, for a total settlement amount of US $156,005; (the
Settlement Amount”)and

     WHEREAS, US $48,500, being 25% of
the capital portion of the promissory note will remain as a non-interest bearing
loan and the only amount due to the Subscriber from the Company; and

     WHEREAS, the Company agrees to
issue to the Subscriber 1,040,033 shares of its restricted common stock (the
“Shares”) as full and complete satisfaction of the Settlement Amount and
1,500,000 shares in consideration of the Subscriber’s past and ongoing support
of the Company (the Consideration Shares”), pursuant to Global Green Solutions
Inc. Board of Directors authorized resolution dated February 21, 2011.

AGREEMENT

     1. The Company shall settle the
Settlement Amount effective as at November 30, 2010 and issue the Subscriber
1,040,033 shares in full and complete satisfaction of the Settlement Amount. The
Company shall issue 1,500,000 shares in consideration of the Subscriber’s past
and ongoing support of the Company.

     2. The Subscriber agrees to
accept the issuance and delivery of 1,040,033 Shares in full settlement and
satisfaction of the Settlement Amount, and upon receipt of the Shares hereby
agrees that the Settlement Amount 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 Settlement Amount, which the Subscriber now or hereafter
can, shall or may have.

     3. US $48,500 will remain as a
non-interest bearing loan and the only amount due to the Subscriber from the
Company.

     4. The Subscriber is aware that
the Shares and the Consideration Shares are not being registered under the
Securities Act of 1933, as amended (the “Securities Act”). The Subscriber
understands that the Shares and the Consideration 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.

     5. The Subscriber represents and
warrants that the Shares and the Consideration 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 and the Consideration 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 or the Consideration
Shares under the Securities Act or to register or qualify the Shares or the
Consideration 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..

     6. 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 and
the Consideration 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.

     7. The Subscriber agrees and
acknowledges that it is not purchasing the Shares or the Consideration 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.

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

     9. 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.

     10. 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 
	 	 	 
	 	 	 
	 	WOODBURN HOLDINGS LTD.
    
	 	 	 
	 	 	 
	 	By:	“R.
      M. Baker” 
	 	 	Robert BakerGlobal Green Solutions Inc.: Exhibit 10.2 - Filed by newsfilecorp.com

SETTLEMENT AGREEMENT

     THIS AGREEMENT is entered
into as of this 21st day of February, 2011 by and between Global
Green Solutions Inc., a Nevada corporation (the “Company”) and Sweetwater
Capital Corporation of Suite 1000 – 789 West Pender Street, Vancouver, BC V6C
1H2 Canada (“the Subscriber”).

RECITALS:

     WHEREAS, the Subscriber has
provided capital of US $17,959 to the Company, and is further owed accrued
interest thereto in the amount of US $9,813 and whereby the Company is indebted
to the Subscriber in the aggregate amount of US $27,772 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
CAD $308,178 in unpaid amounts invoiced for rent and administrative services as
at November 30, 2010; and

     WHEREAS, the Company and the
Subscriber acknowledge that the aggregate amounts of US $27,772 and CAD $308,178
(together, the “Debt”) are due and owing the Subscriber; 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 915,000 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
Settlement Amount effective as at November 30, 2010 and issue the Subscriber
915,000 shares in full and complete satisfaction of the Debt. 

     2. The Subscriber agrees to
accept the issuance and delivery of 915,000 shares in full settlement and
satisfaction of the Debt, and upon receipt of the Shares hereby agrees that the
Settlement Amount 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.

     5. 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..

     6. 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.

     7. 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.

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

     9. 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.

     10. 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.

Signature page
Settlement Agreement Dated February 21,
2011
Between Global Green Solutions Inc and Sweetwater Capital
Corporation

	 	GLOBAL GREEN SOLUTIONS
      INC., 
	 	 	 
	 	By: 	M.
      Elden Schorn” 
	 	 	Elden Schorn, Director 
	 	 	 
	 	 	 
	 	SWEETWATER CAPITAL
      CORP. 
	 	 	 
	 	By:	 “R. M. Baker” 
	 	 	Robert Baker, President

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