GLOBAL GREEN SOLUTIONS INC.
PILOT & PRODUCTION FACILITIES STAKEHOLDERS LETTER OF AGREEMENT.
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>exh101.htm
<DESCRIPTION>PILOT & PRODUCTION FACILITIES STAKEHOLDERS LETTER OF AGREEMENT.
<TEXT>

<HTML>
<HEAD>
   <TITLE>Exhibit 10.1 - Pilot & Production Facilities Stakeholders Letter of Agreement.</TITLE>
</HEAD>

<BODY bgcolor="#ffffff">

<!--$$/page=-->
<A name="page_1"></A>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Exhibit 10.1</FONT></P>
<P align=center><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=4>SGC Energia and Global Green Solutions</FONT></B><BR>
<B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=4>Pilot &amp; Production Facilities</FONT></B><BR>
<B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=4>Stakeholders Letter of Agreement</FONT></B></P>
<P align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif"><BR>
10</FONT></B><B><SUP><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">th</FONT></SUP></B><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif"> July 2007</FONT></B><BR>
<BR>
<B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">GLOBAL GREEN SOLUTIONS INC.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Hereinafter known as &#147;GGRN&#148;)</FONT></B><BR>
<B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Suite 1010</FONT></B><BR>
<B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">789 West Pender Street</FONT></B><BR>
<B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Vancouver, BC V6C 1H27</FONT></B><BR>
<BR>
<B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">SGC ENERGIA SGPS, SA&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;(Hereinafter known as &#147;SGC&#148;)</FONT></B><BR>
<B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">EN 10, Km 125,47</FONT></B><BR>
<B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Quinta da Hortinha, Alhandra, </FONT></B><BR>
<B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">2601 -908 Villa France da Xira</FONT></B><BR>
<B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Portugal</FONT></B></P>
<P align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif"></FONT></B>&nbsp;</P>
<P align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">STAKEHOLDERS LETTER of AGREEMENT</FONT></B></P>
<P align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">PILOT &amp; PRODUCTION FACILITIES OPERATING AGREEMENT. COMMERCIAL EXPLOITATION of VERTIGRO ALGAE TECHNOLOGIES, -ALGAE BIOMASS PRODUCTION TECHNOLOGY.</FONT></B></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Whereas, the respective parties have agreed to jointly participate in a "Venture" to build and operate production facilities arising out of Algae Biomass Production Technologies known as "Vertigro".</FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Therefore this "Letter of Agreement" will be the basis for a "Operating Agreement" and a "License Agreement" between "Global Green Solutions Inc" and SGC Energia SGPS, SA" which shall be the governing documents for their participation in the Venture; and</FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">GGRN confirms that it represents the Vertigro Algae Technologies (VAT) Venture stakeholders in its role as the operating and commercialization partner as defined in the Vertigro Algae Technologies Stakeholders Letter of Agreement signed on the 25</FONT><SUP><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">th</FONT></SUP><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif"> June 2007.</FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">The Parties agree the "Operating Agreement " and the "License Agreement" will be signed after completion of the Vertigro Technology development and yield testing planned for completion before the last day of September 2007, and shall include amongst other things, the basic terms of this "Letter of Agreement" as follows;</FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Note: Where further work is required on the subject the (TBA) Nomenclature means </FONT><I><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif">To Be Advised and/ or Agreed."</FONT></I></P>
<P>&nbsp;</P>
<P>&nbsp;</P>
<P>
<HR align=center width="100%" noShade SIZE=2>
</P>

<!--$$/page=-->
<A name="page_2"></A>
<P align=center><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=4>SGC Energia and Global Green Solutions</FONT></B><BR>
<B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=4>Pilot &amp; Production Facilities</FONT></B><BR>
<B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=4>Stakeholders Letter of Agreement</FONT></B></P>
<P align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">1) Venture Structure</FONT></B><BR>
<BR>
<B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">a) Venture Name</FONT></B><BR>
<BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; i) SGC (TBA) [Venture]</FONT><BR>
<BR>
<B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">b) Form of Venture</FONT></B><BR>
<BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; i)&nbsp; Venture (TBA) on a project by project basis</FONT><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ii) Country of Incorporation (TBA) on a project by project basis.</FONT><BR>
<BR>
<B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">c) Stakeholders</FONT></B><BR>
<BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; i)&nbsp; SGC Energia SGPS, SA [SGC]</FONT><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;ii) Global Green Solutions Inc. [GGRN]</FONT><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; iii) Both SGC and GGRN has the right of assignment in part or in full to an associated entity or </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">company where common ownership is greater than or equal to twenty percent (20%)</FONT><BR>
<BR>
<B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">d) Roles</FONT></B><BR>
<BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; i)&nbsp; </FONT>SGC - Venture Investor and Operator</FONT><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ii) </FONT>GGRN - Venture Technology and License Provider and Operating Support Partner</FONT><BR>
<BR>
<B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">e) Interests</FONT></B><BR>
<BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; i)&nbsp; </FONT>SGC Project Equity</FONT><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ii)&nbsp;</FONT>GGRN will determine its form of interest in the Venture on a project by project basis in </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">consideration of;</FONT><BR>
<BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; a)&nbsp; </FONT>Project Equity based on the valuation of the VAT Technology, or</FONT><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; b)&nbsp; </FONT>Production Royalty, or</FONT><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c)&nbsp; </FONT>Part Project Equity and Part Production Royalty</FONT><BR>
<BR>
<B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">2) Technology Provider</FONT></B></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">a) Vertigro Algae Technologies (VAT) is the Technology Provider for all "Vertigro" algae-biomass based applications. (known as the Venture Technology).</FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">b) VAT is a joint venture between GGRN and Valcent Products Inc. where GGRN has the exclusive world wide license rights to the commercialization and is the managing and operating partner for the joint venture.</FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">c) VAT shall insure its Intellectual Property (IP) protection of the Venture Technology remains in good standing and any potential infringement is dealt with.</FONT></P>
<P align=right>2</P>
<P>
<HR align=center width="100%" noShade SIZE=2>
</P>


<A name="page_3"></A>
<P align=center><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=4>SGC Energia and Global Green Solutions</FONT></B><BR>
<B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=4>Pilot &amp; Production Facilities</FONT></B><BR>
<B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=4>Stakeholders Letter of Agreement</FONT></B></P>
<P align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif"><BR>
2) Technology Provider </FONT></B><I><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif">(continued)</FONT></I><BR>
<BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">d)&nbsp; VAT shall use best efforts in the research and development of the Venture Technology in order to enable </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">commercial exploitation of the Venture Technology by December 31, 2007.</FONT><BR>
<BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">e)&nbsp; Technology Intellectual Property (IP) will be managed by VAT.</FONT><BR>
<BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">f)&nbsp; Technology License Royalty will be managed by VAT.</FONT><BR>
<BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">g)&nbsp; The VAT Technology shall comprise a high yield, commercial scale production of Algae Biomass for </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">industrial applications including, but not limited to bio-fuel feedstock.</FONT><BR>
<BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">h)&nbsp; The Technology Package provided by VAT and mandatory to all customers is planned to include the </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">project technology license, algae, bioreactors, harvesting, oil extraction, algae health analysis and</FONT><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">monitoring and control systems, all other proprietary custom designed systems as may be required, design, </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">engineering, operating and maintenance documentation, warranty and installation, commissioning, start-up </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">support services.</FONT><BR>
<BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">i)&nbsp; The Operational Support Package provided by VAT and mandatory to all customers is planned to include </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">an annual operating license, replacement bioreactors, extended warranty, remote monitoring and operational </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">support services.</FONT></P>
<P align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif"><BR>
3) Technology Commercialization</FONT></B><BR>
<BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">a)&nbsp; GGRN has the exclusive world rights (excluding Nevada, Ghana and Malawi) to the sales and marketing </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">and commercialization of the VAT Technology for all markets, applications, solutions and products.</FONT><BR>
<BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">b)&nbsp; GGRN shall provide to the Venture the non-exclusive rights to use the VAT Technology in Europe, </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Middle East and Africa (excluding South Africa) and in Portuguese speaking countries on the best</FONT><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">commercial terms.</FONT><BR>
<BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">c)&nbsp; Exclusivity can be "earned" for specific territory by the sales of the VAT technology for large scale </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">facilities and/ or production volumes as related to the market size of the territory.</FONT><BR>
<BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">d)&nbsp; GGRN shall provide SGC first right of refusal in Portuguese speaking countries.</FONT><BR>
<BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">e)&nbsp; GGRN shall be required to approve all Venture projects which shall not be unreasonably withheld unless</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">&nbsp;another facility operator has gained exclusivity for a territory on the basis defined above.</FONT><BR>
<BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">f)&nbsp; GGRN shall provide the Venture the first right of offer to provide production for third party customers, </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">unless another facility operator has gained exclusivity for a territory on the basis defined above.</FONT><BR>
<BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">g)&nbsp; GGRN shall provide to SGC the first right of offer to gain exclusivity in a territory where another facility </FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">operator has built a VAT Technology facility.</FONT></P>
<P align=right>3</P>
<P></P>
<HR align=center width="100%" noShade SIZE=2>
<P></P>

<!--$$/page=-->
<A name="page_4"></A>
<P align=center><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=4>SGC Energia and Global Green Solutions</FONT></B><BR>
<B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=4>Pilot &amp; Production Facilities</FONT></B><BR>
<B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=4>Stakeholders Letter of Agreement</FONT></B></P>
<P align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif"><BR>
3) Technology Commercialization </FONT></B><I><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif">(continued)</FONT></I></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">h) The Venture shall market the VAT Technology using the Venture trademark name of "Vertigro". Other derivations of the trademark may be developed by the Venture after approval by GGRN.</FONT></P>
<P align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif"><BR>
4) Pilot Plant Facility</FONT></B></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">a) SGC is committed to building a 1 hectare Pilot Plant facility near Lisbon, Portugal.</FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">b) The Pilot Plant will provide for technology demonstration, further technology and product development and testing capabilities as required in supporting VAT Technology projects, products and applications in Europe.</FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">c) The Pilot Plant will be built local to a source of Carbon Dioxide (CO</FONT><SUB><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">2)</FONT></SUB><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif"> in order to achieve optimal yields from the capital investment.</FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">d) GGRN is committed to contributing the VAT Technology and services to SGC on a "Strategic Partner" cost basis in support of a non profit generating investment.</FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">e) If the pilot plant products are sold to a third party, production royalties will be due to GGRN. GGRN shall grant SGC a development license for the facility which will define the procedures and approvals required for VAT technology biofuel development by SGC utilizing the pilot plant facility.</FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">f) GGRN shall have access to the facility for the purposes of demonstration to prospective customers and/ or investors.</FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">g) GGRN and SGC and VAT may jointly cooperate in the development of products and applications utilizing the facility.</FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">h) SGC wishes to commence in Q3/2007 the planning, permitting, design and preparation of the development plant.</FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">i) GGRN plans to build a pilot plant in El Paso commencing Q4/2007 to be operational Q2/2008.</FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">j) GGRN and SGC will cooperate in the coordination and parallel alignment of the Lisbon and El Paso Pilot plant projects.</FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">i) The following schedule is provided as a target for the purposes of progressing the planning of the pilot plant facility prior to the signing of the Operating Agreement and Technology License;</FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; i)&nbsp; Planning and preparation commencing August 2007 <BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ii) Infrastructure design, manufacture and construction commencing October 2007</FONT></P>
<P>&nbsp;</P>
<P align=right>4
<HR align=center width="100%" noShade SIZE=2>
</P>

<!--$$/page=-->
<A name="page_5"></A>
<P align=center><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=4>SGC Energia and Global Green Solutions</FONT></B><BR>
<B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=4>Pilot &amp; Production Facilities</FONT></B><BR>
<B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=4>Stakeholders Letter of Agreement</FONT></B></P>
<P align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif"><BR>
4) Pilot Plant Facility </FONT></B><I><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif">(continued)</FONT></I></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; i)&nbsp; Technology design, engineering, manufacture and construction commencing November 2007 <BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ii) Commissioning and initial operation commencing May 2008</FONT></P>
<P align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif"><BR>
5) Commercial Production Facilities</FONT></B></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">a) The target cost as specified by SGC for the production of vegetable (algal) oil based on a Cap-Ex, (amortized over 10 years), cost of capital and annual OP-Ex cost is US$1.30 per gallon (US$400 per tonne). Note Cap-Ex excludes the cost of land.</FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">b) The target cost of vegetable (algal) oil may be supplemented by the production and sales value of secondary products produced by the VAT technology.</FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">c) GGRN is committed to best efforts in delivering technology, services, licenses and royalties to support the target production cost</FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">d) SGC is committed to best efforts in delivering the project Cap-Ex and annual Op-Ex cost to support the target production cost.</FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">e) SGC Revenues for each facility will be generated from the sales of primary and secondary products.</FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">f) A annual production royalty (with terms TBA) will be payable to GGRN which will be based on the proven design capacity of the production facility and the value of the technology provided to deliver the vegetable (algal) oil at or better than target cost.</FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">g) SGC is committed to building the following facilities commencing 2008 and completing by 2010 contingent on the target production cost being achieved;</FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; i)&nbsp;&nbsp; 200 hectares (494 acres) in Portugal&nbsp;<BR>
</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ii)&nbsp; 100 hectares (247 acres) in Portugal <BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; iii) 300 hectares (741 acres) in Spain <BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; iv) 50 hectares </FONT><B><FONT face="TimesNewRomanPS-BoldMT,Times New &#13;&#10;Roman,Times,serif">(124 acres) </FONT></B><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">in Mozambique</FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">h) Exclusivity will be earned by SGC on the purchase of VAT Technology and licenses for the above territories.</FONT></P>
<P align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif"><BR>
6) Venture Management</FONT></B></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">a) SGC shall manage the Venture on behalf of the Venture including but not limited to;</FONT></P>
<P>&nbsp;</P>
<P align=right>5
<HR align=center width="100%" noShade SIZE=2>
</P>

<!--$$/page=-->
<A name="page_6"></A>
<P align=center><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=4>SGC Energia and Global Green Solutions</FONT></B><BR>
<B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=4>Pilot &amp; Production Facilities</FONT></B><BR>
<B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=4>Stakeholders Letter of Agreement</FONT></B></P>
<P align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif"><BR>
6) Venture Management </FONT></B><I><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif">(continued)</FONT></I></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; i) Venture management, legal and contract management, financial management and reporting, risk management, project budget and schedule, sales and marketing, channels to the market, product delivery operations, facility management, operations and maintenance.</FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">b) In the event of an equity investment by GGRN a Venture Board shall be composed of four (4) operational directors, two (2) of whom shall be nominated by SGC and two (2) of whom shall be nominated by GGRN.</FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; i)&nbsp;&nbsp; SGC as the majority equity partner shall appoint the Chairman of the Board to serve on an annual basis. The Chairman shall chair the board meetings and will have a casting vote in the case of an impasse.&nbsp;<BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>ii)&nbsp; The quorum at a meeting of the Board shall be three (3) directors.&nbsp;<BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>iii)&nbsp;Each director will have one (1) vote&nbsp;<BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>iv) The following matters shall require the affirmative vote of all members of the Board;</FONT></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">a) any amendment of the Ventures Articles of Association&nbsp;<BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>b) the Venture's dissolution, liquidation or winding up&nbsp;<BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>c) any acquisition, merger, consolidation, share exchange, reorganization, recapitalization or other, similar extraordinary transaction involving the Venture or its share capital; or the sale or other <BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; disposition of all or substantially all of the property or assets of the Venture or Licensed Technology.&nbsp;<BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>d) any matter that materially changes the principle concept of this agreement.&nbsp;<BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>e) In the event of an impasse regarding the affirmative vote of all members of the Board they shall consult to resolve the matter in good faith with a final arbitration pursued (as per Clause 9)</FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">c) In the event of a royalty interest by GGRN a Venture Management Committee shall be formed composed of four (4) persons, two (2) of whom shall be nominated by SGC and two (2) of whom shall be nominated by GGRN.</FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>i) the purpose of the Venture Management Committee is to represent the operational responsibilities and interests of SGC and GGRN&nbsp;<BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>ii) GGRN will provide a dedicated technology operations manager on a project by project basis to provide the operational support and liaison with SGC.&nbsp;<BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>iii) In the event of an impasse regarding any operational matter the members of the Venture Management Committee shall consult to resolve the matter in good faith.</FONT></P>
<P align=left>&nbsp;</P>
<P align=left>&nbsp;</P>
<P align=right>6</P>
<HR align=center width="100%" noShade SIZE=2>


<A name="page_7"></A>
<P align=center><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=4>SGC Energia and Global Green Solutions</FONT></B><BR>
<B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=4>Pilot &amp; Production Facilities</FONT></B><BR>
<B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=4>Stakeholders Letter of Agreement</FONT></B></P>
<P align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif"><BR>
6) Venture Management </FONT></B><I><FONT face="TimesNewRomanPS-ItalicMT,Times New Roman,Times,serif">(continued)</FONT></I></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>iv) In the event of an impasse regarding any operational matter which cannot be resolved by the members of the Venture Management Committee the CEO's from SGC and GGRN shall consult to resolve the matter in good faith.</FONT></P>
<P align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif"><BR>
7) Venture Term and Termination</FONT></B></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">The Venture shall extend automatically until one or more of the following termination events are invoked;</FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">a) The insolvency or bankruptcy of either of the Venture stakeholder</FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">b) In the event of an equity interest by GGRN, voluntary winding up of the Venture under the direction of the Venture Stakeholders.</FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">c) In the event of a royalty interest by GGRN, voluntary winding up of the Venture under the direction of the Venture Stakeholders.</FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">d) A Terminal Default by GGRN (TBA)</FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">e) A Terminal Default by SGC (TBA)</FONT></P>
<P align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif"><BR>
8) Governing Law.</FONT></B></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">This Agreement is shall be governed by, construed, and enforced in accordance with the laws of Portugal (TBA).</FONT></P>
<P align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif"><BR>
9) Arbitration</FONT></B></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">In the event of an impasse on any matter which cannot be resolved by the parties, final arbitration shall be pursued in Geneva, Switzerland.</FONT></P>
<P>&nbsp;</P>
<P>&nbsp;</P>
<P>&nbsp;</P>
<P align=right>7</P>
<P></P>
<HR align=center width="100%" noShade SIZE=2>
<P></P>


<A name="page_8"></A>
<P align=center><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=4>SGC Energia and Global Green Solutions</FONT></B><BR>
<B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=4>Pilot &amp; Production Facilities</FONT></B><BR>
<B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=4>Stakeholders Letter of Agreement</FONT></B></P>
<P>&nbsp;</P>
<P align=left>In Witness whereof this Letter of Agreement has been entered into this 10<SUP>th</SUP> day of July, 2007.</P>
<P align=left>&nbsp;</P>
<DIV align=left>
<TABLE cellSpacing=0 cellPadding=0 width="60%" border=0>
<TR vAlign=bottom>
     <TD noWrap align=left width="57%" colSpan=2><U><FONT face="Times New Roman">SGC ENERGIA</FONT></U>&nbsp; </TD>
     <TD noWrap align=left width="43%" colSpan=2><FONT face="Times New Roman">SGC ENERGIA</FONT>&nbsp; </TD></TR>
<TR>
     <TD noWrap align=left width="11%" background="">&nbsp; </TD>
     <TD noWrap align=left width="46%" background=""></TD>
     <TD noWrap align=left width="10%" background=""></TD>
     <TD noWrap align=left width="33%" background=""></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="11%"><FONT face="Times New Roman">Signed:</FONT>&nbsp; </TD>
     <TD noWrap align=left width="46%"><U><FONT face="Times New Roman">VIANNEY VALES</FONT></U>&nbsp; </TD>
     <TD noWrap align=left width="10%"><FONT face="Times New Roman">Signed:</FONT>&nbsp; </TD>
     <TD noWrap align=left width="33%"><U><FONT face="Times New Roman">MIGUEL MARTIN</FONT></U>&nbsp; </TD></TR>
<TR>
     <TD noWrap align=left width="11%" background="">&nbsp; </TD>
     <TD noWrap align=left width="46%" background=""></TD>
     <TD noWrap align=left width="10%" background="">&nbsp;</TD>
     <TD noWrap align=left width="33%" background=""></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="11%"><FONT face="Times New Roman">Name:</FONT>&nbsp; </TD>
     <TD noWrap align=left width="46%"><FONT face="Times New Roman">Vianney Vales</FONT>&nbsp; </TD>
     <TD noWrap align=left width="10%"><FONT face="Times New Roman">Name:</FONT>&nbsp; </TD>
     <TD noWrap align=left width="33%"><FONT face="Times New Roman">Miguel Martin</FONT>&nbsp; </TD></TR>
<TR>
     <TD noWrap align=left width="11%" background="">&nbsp; </TD>
     <TD noWrap align=left width="46%" background=""></TD>
     <TD noWrap align=left width="10%" background="">&nbsp;</TD>
     <TD noWrap align=left width="33%" background=""></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="11%"><FONT face="Times New Roman">Title:</FONT>&nbsp; </TD>
     <TD noWrap align=left width="46%"><FONT face="Times New Roman">CEO</FONT>&nbsp; </TD>
     <TD noWrap align=left width="10%"><FONT face="Times New Roman">Title:</FONT>&nbsp; </TD>
     <TD noWrap align=left width="33%"><FONT face="Times New Roman">CFO</FONT>&nbsp; </TD></TR>
<TR>
     <TD width="100%" colSpan=4>&nbsp;&nbsp; </TD></TR>
<TR>
     <TD noWrap align=left width="57%" background="" colSpan=2>&nbsp; </TD>
     <TD noWrap align=left width="43%" background="" colSpan=2></TD></TR>
<TR>
     <TD noWrap align=left width="57%" background="" colSpan=2>&nbsp;&nbsp; </TD>
     <TD noWrap align=left width="43%" background="" colSpan=2></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="57%" colSpan=2><FONT face="Times New Roman">GLOBAL GREEN SOLUTIONS INC.</FONT>&nbsp; </TD>
     <TD noWrap align=left width="43%" colSpan=2><FONT face="Times New Roman">GLOBAL GREEN SOLUTIONS Inc.</FONT>&nbsp; </TD></TR>
<TR>
     <TD noWrap align=left width="11%" background="">&nbsp; </TD>
     <TD noWrap align=left width="46%" background=""></TD>
     <TD noWrap align=left width="10%" background=""></TD>
     <TD noWrap align=left width="33%" background=""></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="11%"><FONT face="Times New Roman">Signed:</FONT>&nbsp; </TD>
     <TD noWrap align=left width="46%"><U><FONT face="Times New Roman">J. DOUGLAS FRATER</FONT></U>&nbsp; </TD>
     <TD noWrap align=left width="10%"><FONT face="Times New Roman">Signed:</FONT>&nbsp; </TD>
     <TD noWrap align=left width="33%"><U><FONT face="Times New Roman">CRAIG HARTING</FONT></U>&nbsp; </TD></TR>
<TR>
     <TD noWrap align=left width="11%" background="">&nbsp; </TD>
     <TD noWrap align=left width="46%" background=""></TD>
     <TD noWrap align=left width="10%" background=""></TD>
     <TD noWrap align=left width="33%" background=""></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="11%"><FONT face="Times New Roman">Name:</FONT>&nbsp; </TD>
     <TD noWrap align=left width="46%"><FONT face="Times New Roman">J. Douglas Frater</FONT>&nbsp; </TD>
     <TD noWrap align=left width="10%"><FONT face="Times New Roman">Name:</FONT>&nbsp; </TD>
     <TD noWrap align=left width="33%"><FONT face="Times New Roman">Craig Harting</FONT>&nbsp; </TD></TR>
<TR>
     <TD noWrap align=left width="11%" background="">&nbsp; </TD>
     <TD noWrap align=left width="46%" background=""></TD>
     <TD noWrap align=left width="10%" background=""></TD>
     <TD noWrap align=left width="33%" background=""></TD></TR>
<TR vAlign=bottom>
     <TD noWrap align=left width="11%"><FONT face="Times New Roman">Title:</FONT>&nbsp; </TD>
     <TD noWrap align=left width="46%"><FONT face="Times New Roman">President and CEO</FONT>&nbsp; </TD>
     <TD noWrap align=left width="10%"><FONT face="Times New Roman">Title:</FONT>&nbsp; </TD>
     <TD noWrap align=left width="33%"><FONT face="Times New Roman">COO</FONT>&nbsp; </TD></TR></TABLE></DIV>
<P>&nbsp;</P>
<P>&nbsp;</P>
<P>&nbsp;</P>
<P>&nbsp;</P>
<P>&nbsp;</P>
<P>&nbsp;</P>
<P>&nbsp;</P>
<P>&nbsp;</P>
<P>&nbsp;</P>
<P>&nbsp;</P>
<P>&nbsp;</P>
<P align=right>8</P>
<HR align=center width="100%" noShade SIZE=2>
<P></P>

</BODY>

</HTML>

</TEXT>
</DOCUMENT>
