Green Planet (PINK:GPLB)

On March 2, 2012, One Bio, Corp, our majority shareholder, sold 18,508,733 shares of our common stock, par value $.001 (“Common Stock”), representing 92.5% of our issued and outstanding Common Stock to Global Fund Holdings Corp., an Ontario corporation, for a total consideration of $200,000 pursuant to a Stock Purchase Agreement (the “Share Purchase Transaction”).

 As a result of the closing of the Share Purchase Transaction, Global Fund Holdings Corp. now owns approximately 92.5% of the total outstanding shares of our Common Stock after giving effect to the Share Purchase Transaction.

http://geoinvesting.com/companies/onbi_one_bio/overviewOn December 20, 2010, we received written notice from One Bio (OTC BB:ONBI), that it elected to exercise the option we granted to it pursuant the that certain Option Agreement dated April 14, 2010 (the “Option Agreement”), to acquire 100% of the stock of Elevated Throne Overseas Ltd. (“Elevated Throne”), our 100% owned BVI subsidiary and in consideration therefor agreed to (i) convert the $1,700,000 loan One Bio made to Elevated Throne on or about January 19, 2010, into an equity investment in Elevated Throne, (ii) convert the $300,000 loan One Bio made to us on or about September 1, 2009, into a $300,000 equity investment in Elevated Throne, (iii) cancel that certain Convertible Note Purchase Agreement between One Bio and us dated on or about September 1, 2009, and (iv) cancel that certain 10% Convertible Bridge Loan Note Due September 1, 2010, in the principal amount of $300,000 from us to One Bio.