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) August 31, 2009 				 000-52622 			 (Commission File Number) 		 GREEN PLANET BIOENGINEERING CO. LIMITED 		 _______________________________________ 	 (Exact name of registrant as specified in its charter) 	Delaware					 37-1532842 (State or other jurisdiction 		 (IRS Employer Identification No.) of incorporation) 18851 NE 29th Avenue, Suite 700, Aventura, FL 33180		 33180 	(Address of principal executive offices)		 (Zip Code) 				561-542-2604 	 Registrant's telephone number, including area code 		 _______________________________________ 	 (Former name or address, if changed from last report) 	__Written communication pursuant to Rule 425 under the Securities Act 		(17 CFR 230.425) 	__Soliciting material pursuant to Rule 14a-12 under the Exchange Act 		(17CFR 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 (17CFR 240.13e-4(c)) ITEM 2.03 	CREATION OF A DIRECT FINANCIAL OBLIGATION OR AN OBLIGATION 		UNDER AN OFF BALANCE SHEET ARRANGEMENT OF A REGISTRANT _____________________________________________________________________________ Green Planet Bioengineering, Co., Ltd. ("Green Planet" and/or "Registrant") obtained $300,000 of financing (the "Funding") from ONE Holdings, Corp. ("ONE"), its parent company, which Green Planet will use for general corporate and working capital purposes. This funding allows Green Planet to comply with the initial registered capital requirements for FuJian Green Planet Bioengineering Co., LTD. ("FuJian Green Planet"), its wholly foreign owned subsidiary incorporated under the laws of the Peoples Republic of China. The Funding provides for interest at a rate of 10% per annum. Interest shall accrue commencing on September 1, 2009 and shall continue to accrue on a daily basis until payment in full of the Funding. The Funding and interest shall be due and payable as follows: (i) Green Planet shall pay to ONE equal quarterly payments of Seventy-Five Thousand and no/100 Dollars (US$75,000) with the first of such payments on December 1, 2009; and (ii) the unpaid balance of the Funding together with all accrued and unpaid interest thereon shall be due and payable on the Maturity Date. The "Maturity Date" or "Due Date" as used in the loan document means the earlier of (i) a funding (from a debt or equity raise) received by the Green Planet in an amount equal to a minimum of 1.5 times the Funding, or (ii) three hundred sixty five days (365) days from September 1, 2009. The Funding may be convertible at the election of ONE into shares of Green Planet Common Stock at a price of $0.50 per share. ITEM 9.01 	EXHIBITS _____________________________________________________________________________ (a) Exhibits: Exhibit No.	 	Description 9.1		Note between ONE Holdings, Corp. and Registrant 9.2		Purchase Agreement between ONE Holdings, Corp. and Registrant 9.3		Security Agreement between ONE Holdings, Corp., FuJian Green 			Planet and Sanming Huajian Bio-Engineering Co., Ltd. ________________________________________ 						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. 						Date: September 2, 2009 						By: 	/s/ Min Zhao 							_______________________ 							Min Zhao 							Chief Executive Officer