On December 12, 2014 Viridis Capital, LLC, the holder of a majority of the voting power in GreenShift Corporation, executed and delivered a written consent that removed Edward Carroll, Richard Krablin, David Winsness and Gregory Barlage from their positions as members of the GreenShift Corporation's Board of Directors. Kevin Kreisler remains as the sole member of the Board of Directors. Subsequently, and on the same day, the GreenShift Corporation's board of directors removed Edward Carroll, Richard Krablin, David Winsness and Gregory Barlage from their positions as officers of GreenShift Corporation.

Mr. Barlage will remain employed as an executive of the GreenShift Corporation's subsidiary, GS Cleantech Corporation. The board of directors then appointed Kevin Kreisler to serve as the GreenShift Corporation's Chief Executive Officer, Chief Financial Officer and Secretary.