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   <TITLE>GLOBAL GREEN SOLUTIONS INC. Form 8-K for December 7, 2007. </TITLE>
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<P align=center><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">UNITED STATES</FONT></B><BR>
<B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">SECURITIES AND EXCHANGE COMMISSION</FONT></B><BR>
<B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Washington, D.C. 20549</FONT></B><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">_________________________</FONT><BR>
<B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">FORM 8-K</FONT></B><BR>
<B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">CURRENT REPORT</FONT></B><BR>
<B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</FONT></B><BR>
<BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Date of Report</FONT><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(Date of earliest event reported)</FONT><BR>
<B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">December 7, 2007</FONT></B></P>
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<P align=center><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif" size=4>GLOBAL GREEN SOLUTIONS INC.</FONT></B><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(Exact name of registrant as specified in its charter)</FONT></P>
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     <TD align=center width="46%"><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">NEVADA</FONT></B>&nbsp; </TD>
     <TD align=center width="30%"><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">000-51198</FONT></B>&nbsp; </TD>
     <TD align=center width="23%"><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">20-8616221</FONT></B>&nbsp; </TD></TR>
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     <TD align=center width="46%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(State or other jurisdiction of incorporation)</FONT>&nbsp; </TD>
     <TD align=center width="30%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(Commission File No.)</FONT>&nbsp; </TD>
     <TD align=center width="23%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(IRS Employer ID)</FONT>&nbsp; </TD></TR></TABLE></DIV><BR>
<P align=center><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">Suite 1010</FONT></B><BR>
<B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Vancouver, British Columbia</FONT></B><BR>
<B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Canada V6C 1H2</FONT></B><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(Address of principal executive offices and Zip Code)</FONT><BR>
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<B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">(604) 408-0153</FONT></B><BR>
<B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Toll Free (866) 408-0153</FONT></B><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">(Registrant's telephone number, including area code)</FONT></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">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 following provisions (see General Instruction A.2. below):</FONT></P>
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     <TD align=left width="4%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">[&nbsp;&nbsp;]</FONT>&nbsp; </TD>
     <TD align=left width="95%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT>&nbsp; </TD></TR>
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     <TD align=left width="95%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT>&nbsp; </TD></TR>
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     <TD align=left width="95%">Pre<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR</FONT>&nbsp; </TD></TR>
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     <TD align=left width="4%">&nbsp; </TD>
     <TD align=left width="95%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">240.14d-2(b))</FONT>&nbsp; </TD></TR>
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     <TD align=left width="95%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR</FONT>&nbsp; </TD></TR>
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     <TD align=left width="95%"><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">240.13e-4(c))</FONT>&nbsp; </TD></TR></TABLE><BR>
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<P align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">ITEM 1.02 TERMINATION OF A MATERIAL DEFINITIVE AGREEMENT</FONT></B></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">On December 7, 2007, we concluded an agreement with ITS Engineered Systems, Inc. (&#147;ITS&#148;) to acquire the 38% of Global Greensteam LLC (a California corporation) (&#147;Greensteam&#148;) held by ITS. We now hold 95% of Greensteam, which has technology to convert waste biomass to low cost steam and electricity for use by industrial and utility companies.</FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">The agreement to establish Global Greensteam with ITS was executed on November 13, 2006 and is disclosed in our Form 8-K filed with the Securities and Exchange Commission on November 14, 2006 and filed as an exhibit to our Form SB-2/A on September 11, 2007 as Exhibit 10.44.</FONT></P>
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ITEM 3.02 UNREGISTERED SALE OF EQUITY SECURITIES</FONT></B></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">On December 7, 2007, we completed the following private placement of securities pursuant to Reg. 506 of the Securities Act of 1933 (the &#147;Act&#148;):</FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">We sold 2,352,941 units at a price of $0.85 per unit, to one person in exchange for consideration of $1,999,999.85. Each unit consisted of one restricted share of common stock and one purchase warrant. Two warrants and the payment of $1.50 will allow the holder to purchase one additional share of common stock. The warrants expire on December 10, 2010.</FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">The purchaser also received an option (the &#147;Option&#148;) to purchase 1,000,000 additional units, exercisable at any time up to 5:00 p.m. Pacific Time on June 10, 2008. The Unit Option exercise price is the greater of $1.00 or a price equivalent to a 20% discount to the 30-day volume weighted average closing price preceding the date of exercise (the &#147;Volume Weighted Average Price&#148;). On exercise, each Unit Option entitles the holder to acquire one restricted common share and one purchase warrant (a &#147;Half-Warrant&#148;). Two warrants entitle the holder, on exercise, to purchase one additional share of common stock at an exercise price that is the greater of $1.50 or 150% of the Volume Weighted Average Price, for a term that is 36 months from the date of exercise of the Option.</FONT></P>
<P align=center><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif"></FONT></B>&nbsp;</P>
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<P align=center><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">SIGNATURES</FONT></B></P>
<P align=left>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">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.</FONT></P>
<P align=left><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">&nbsp;&nbsp;&nbsp;&nbsp; Dated this 13</FONT><SUP><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">th</FONT></SUP><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif"> day of December, 2007.</FONT></P>
<P style="MARGIN-LEFT: 50%" align=left><B><FONT face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">GLOBAL GREEN SOLUTIONS INC.</FONT></B><BR>
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<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">BY:&nbsp;&nbsp; </FONT><U><FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">ARNOLD HUGHES</FONT></U><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Arnold Hughes</FONT><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Principal Financial Officer, Principal Accounting</FONT><BR>
<FONT face="TimesNewRomanPSMT,Times New Roman,Times,serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Officer and Treasurer</FONT></P>
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GLOBAL GREEN SOLUTIONS INC. Form 8-K for December 7, 2007.
=========================================================================================================================================
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
Date of Report
(Date of earliest event reported)
December 7, 2007
GLOBAL GREEN SOLUTIONS INC.
(Exact name of registrant as specified in its charter)
NEVADA
000-51198
20-8616221
(State or other jurisdiction of incorporation)
(Commission File No.)
(IRS Employer ID)
789 West Pender Street
Suite 1010
Vancouver, British Columbia
Canada V6C 1H2
(Address of principal executive offices and Zip Code)
(604) 408-0153
Toll Free (866) 408-0153
(Registrant's telephone number, including area code)
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 following provisions (see General Instruction A.2. below):
[  ]
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
240.13e-4(c))
=========================================================================================================================================
ITEM 1.02 TERMINATION OF A MATERIAL DEFINITIVE AGREEMENT
On December 7, 2007, we concluded an agreement with ITS Engineered Systems, Inc. ("ITS") to acquire the 38% of Global Greensteam LLC (a California corporation) ("Greensteam") held by ITS. We now hold 95% of Greensteam, which has technology to convert waste biomass to low cost steam and electricity for use by industrial and utility companies.
The agreement to establish Global Greensteam with ITS was executed on November 13, 2006 and is disclosed in our Form 8-K filed with the Securities and Exchange Commission on November 14, 2006 and filed as an exhibit to our Form SB-2/A on September 11, 2007 as Exhibit 10.44.
ITEM 3.02 UNREGISTERED SALE OF EQUITY SECURITIES
On December 7, 2007, we completed the following private placement of securities pursuant to Reg. 506 of the Securities Act of 1933 (the "Act"):
We sold 2,352,941 units at a price of $0.85 per unit, to one person in exchange for consideration of $1,999,999.85. Each unit consisted of one restricted share of common stock and one purchase warrant. Two warrants and the payment of $1.50 will allow the holder to purchase one additional share of common stock. The warrants expire on December 10, 2010.
The purchaser also received an option (the "Option") to purchase 1,000,000 additional units, exercisable at any time up to 5:00 p.m. Pacific Time on June 10, 2008. The Unit Option exercise price is the greater of $1.00 or a price equivalent to a 20% discount to the 30-day volume weighted average closing price preceding the date of exercise (the "Volume Weighted Average Price"). On exercise, each Unit Option entitles the holder to acquire one restricted common share and one purchase warrant (a "Half-Warrant"). Two warrants entitle the holder, on exercise, to purchase one additional share of common stock at an exercise price that is the greater of $1.50 or 150% of the Volume Weighted Average Price, for a term that is 36 months from the date of exercise of the Option.
SIGNATURES
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 this 13
th
day of December, 2007.
GLOBAL GREEN SOLUTIONS INC.
BY:
ARNOLD HUGHES
Arnold Hughes
Principal Financial Officer, Principal Accounting
Officer and Treasurer