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EX-17 - GLOBAL GREEN HOLDINGS, LTD.exhibit.txt

                              UNITED STATES
                   SECURITIES AND EXCHANGE COMMISSION
                         Washington, D.C. 20549

                                FORM 8-K

                             CURRENT REPORT
                    Pursuant to Section 13 or 15(d)
                 of the Securities Exchange Act of 1934


                             March 8, 2011
                            (Date of Report)


                    GLOBAL GREEN HOLDINGS, LIMITED
       (Exact name of registrant as specified in its charter)


         Wisconsin          000-54134                27-2990368
   (State or other     (Commission File No.)    (IRS Employer ID No.)
    jurisdiction
    of incorporation)


                       The John Hancock Center
                             Suite 3100
                        Chicago, IL 60611
              (Address of principal executive offices)


                           (312-794-7813)
          (Registrant's telephone number, including area code)


                        2208 Pershing Avenue
                        Sheboygan, WI 53083
(Former name or former address, if changed since last report.)


Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under
any of the provisions:

[  ] Written communications pursuant to Rule 425 under the Securities
     Act (17 CFR 230.425)

[  ] Soliciting material pursuant to Rule 14a-12 under the Exchange
     Act (17 CFR 240.14a-12)

[  ] Pre-commencement communications  pursuant to Rule 14d-2(b) under
     the Exchange Act (17 CFR 240.14d-2(b))

[  ] Pre-commencement communications pursuant to Rule 13e-4(c)
     under the Exchange Act (17 CFR 240.132-4(c))


Page 1



Section 5 - Corporate Governance and Management

Item 5.01  Changes in Control of Registrant.
Item 5.02  Departure of Directors or Principal Officers; Election of
Directors; Appointment of Principal Officers.



Item 5.01   Changes in Control of Registrant

The Company's majority shareholder, Gerard Werner ("GW") has sold, in a
private transaction, one-million six-hundred thousand (1,600,000) of
his one-million-seven-hundred-ten-thousand (1,710,000) shares of common
stock in the company on March 4, 2011, to Christopher Werner ("CW") and
Kirsten McGregor ("KM"), for the sum of one-hundred-sixty-thousand
($160,000) dollars, at the price of ten ($.10) cents per share.

There are two million (2,000,000) shares of the Company's common stock
issued and outstanding, and this sale effectively reduces GW's holdings
in the company from eighty-five-and-one-half (85.5%) percent to five-and-
one-half (5.5%) percent of the Company's issued and outstanding shares.

CW has acquired eight-hundred-eighty-thousand (880,000) shares of the
Company's common stock from GW for the sum of eighty-eight-thousand
($88,000) dollars.  CW now holds forty-four (44%) of the Company's
issued and outstanding common stock.

KM has acquired seven-hundred-twenty-thousand (720,000) shares of the
Company's common stock from GW for the sum of seventy-two-thousand
($72,000) dollars.  KM now holds thirty-six (36%) of the Company's
issued and outstanding stock.

The sale to CW and KM of GGH common stock was made with the
understanding that they would each be appointed to the Company's
Board of Directors, as described below in Item 5.02.

Accompanying the sale of stock was an understanding that the
purchasers would be appointed as officers of the Company as
described below in Item 5.02.  (Item 5.01(a)(7))

Disclosure required pursuant to Item 5.01(a)(8), may be found
in the Company's Form 10-12G, as amended, filed on December 3,
2010.








Page 2




PRINCIPAL AND MANAGEMENT STOCKHOLDERS

The following table sets forth information as of the date hereof
with respect to the beneficial ownership of the outstanding shares of
Global Green Holdings, Limited, immediately prior to and following the
events listed above by (i) each person known by the Registrant to
beneficially own five percent (5%) or more of the outstanding shares;
(ii) the Registrant's officers and directors; and (iii) the
Registrant's officers and directors as a group.

As used in the table below, the term "beneficial ownership" means the
sole or shared power to vote or direct the voting, or to dispose or
direct the disposition, of any security.  A person is deemed as of any
date to have beneficial ownership of any security that such person has
a right to acquire within 60 days after such date.  Except as otherwise
indicated, the stockholders listed below have sole voting and investment
powers with respect to the shares indicated.



                                                                                   

Name of
Beneficial Owner          Shares of Common Stock     Shares of Common Stock     Percentage      Percentage
                          owned immediately          owned immediately          of Class        of Class
                          prior to events            following events           owned prior     owned
                                                                                to events       following
                                                                                                events



Gerard Werner*            1,710,000                      110,000                   85.5%            5.5%

Christopher Werner*               0                      880,000                      0%            44%

Kirsten McGregor                  0                      720,000                      0%            36%

Dr. Casey Kobylinski        250,000                      250,000                   12.5%            12.5%




All Current Executive
Officers and Directors
as a group                        0                     1,600,000                    0%              80%



* Gerard Werner and Christopher Werner are brothers (disclosure pursuant
  to Item 401(d) of Regulation S-K)


Page 3



Item 5.2  Departure of Directors or Certain Officers; Election of
          Directors; Appointment of Certain Officers; Compensatory
          Arrangements of Certain Officers


On March 7, 2011, Kirsten McGregor was appointed to the positions of
President and Director of the Company; and Christopher Werner was
appointed to the positions of Director and Chief Executive Officer of
the Company.  Concurrently, Gerard Werner tendered his resignation
from his positions as President and Director of the Company.



Set forth below is certain information with respect to the individuals
who now comprise the Company's Board of Directors:


Name                     Age           Position

Kirsten McGregor          49           President, Director

Christopher Werner        49           Chief Executive Officer,
                                       Director




Ms. Kirsten McGregor

Ms.McGregor has nearly two decades of experience in strategic planning,
business development and marketing execution in large, multi-national
corporations.  She has significant experience in LULUCF initiatives and
carbon financing strategies and has worked with companies such as Paso
Pacifico, one of the first NGO's to receive a Gold rating CCBS
certification for reforestation.  In addition, Ms.McGregor has consulted
for organizations and government entities including the World Policy
Institute and the National Park Service.  She is a member of the Climate
Action Reserve (CAR) and International Emissions Trading Association
(IETA) and is a board member of the Sierra Club Ventura Leadership Team.
She has received awards for excellence in business communications and
holds a BA from the University of Washington and a BS from Boise State
University.


Page 4


Mr. Christopher Werner

Mr. Werner started his business career with First Wisconsin bank
while attending Marquette University.  He spent his first four years
after graduating from college working as an accountant.  Mr. Werner
entered the financial services sector by becoming a stockbroker and
after experiencing the securities markets combined his accounting
and securities knowledge and became a Chief Financial Officer of a
publicly listed company that was the fastest growing NASDAQ Company
in 1991.  Mr. Werner became Senior Partner of Newport Capital
Partners in 1993, where is specialized in arranging financing's for
small growth companies.  In 1996 he co-founded Emerging Securities
Group which continued to focus on financing start-up and early stage
growth companies.  In 2003 Mr. Werner was appointed CEO of Ascendant
Holdings Ltd, a Bermuda based holding company, and assisted in
structuring the initial public offering of two newly created
subsidiaries.  In 2006 Mr. Werner founded River Hills Resource
Corporation which is a privately held mineral exploration company.
In 2008 River Hills entered into a long-term financing and
development agreement with a Chinese state owned company to develop
copper projects in Ecuador.  Mr. Werner co-founded Andean Carbon
Corporation in 2009 after having pioneered a reforestation project
in Ecuador to ensure the city of Quito's water supply for future
generations.



BUSINESS

GLOBAL GREEN HOLDINGS, LIMITED

	The Registrant was incorporated under the laws of the State
of Wisconsin on July 23, 2009, and is in the early developmental and
promotional stages.  The business of the Registrant to date
classifies the Registrant as a "blank check" or "shell" company whose
sole purpose has been to locate and consummate a merger or
acquisition with a private entity.







SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.

Dated:  March 8, 2011

               GLOBAL GREEN HOLDINGS, LIMITED



By:   /s/ Kirsten McGregor
Name:     Kirsten McGregor
Title:    President and Director


Page 5


EXHIBIT INDEX

Exhibit 17  Correspondence on Departure of Director - (attached)