| Delaware                                                       |                | 13-3305161                           |
|----------------------------------------------------------------|---------------------|--------------------------------------|
| (State or other jurisdiction of incorporation or organization) |      | (I.R.S. Employer Identification No.) |

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|                                                                              | Large Accelerated Filer   |  ̈       | Accelerated Filer                          |  ̈       |
|-----------------------------------------------------------------------------------|-----------------------------------------------|--------------|-------------------------------------------------|--------------|
|                                                                         |                                     |    |                                       |    |
|                                                                         | Non-accelerated Filer                    |  ̈       | Smaller Reporting Company   | x            |
| (Do not check if a smaller reporting company.) |

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|     |   |                                                                                                                |   |  Page |
|----------|--------|---------------------------------------------------------------------------------------------------------------------|--------|------------|
|     |   |                                                                                                                |   |       |
|     |   | Explanatory Note                                                                                                    |   |       |
| PART I   |   |                                                                                                                |   |       |
| Item 1.  |   | Description of Business                                                                                             |   | 5          |
|     |   |                                                                                                                |   |       |
| Item 1A. |   | Risk Factors                                                                                                        |   | 7          |
| Item 1B. |   | Unresolved Staff Comments                                                                                           |   | 12         |
| Item 2.  |   | Properties                                                                                                          |   | 12         |
| Item 3.  |   | Legal Proceedings                                                                                                   |   | 12         |
| Item 4.  |   | Submission of Matters to a Vote of Security Holders                                                                 |   | 12         |
|     |   |                                                                                                                |
| PART II  |   |                                                                                                                |   |       |
| Item 5.  |   | Market for Registrant’s Common Equity, Related Stockholder Matters, and Issuer Purchases of Equity Securities |   | 13         |
| Item 6.  |   | Selected Financial Data                                                                                             |   | 13         |
| Item 7.  |   | Management’s Discussion and Analysis of Financial Condition and Results of Operations                         |   | 13         |
| Item 7A. |   | Quantitative and Qualitative Disclosures about Market Risk                                                          |   | 16         |
| Item 8.  |   | Financial Statements and Supplementary Data                                                                         |   | 16         |
| Item 9.  |   | Changes in and Disagreements with Accountants on Accounting and Financial Disclosure                                |   | 16         |
| Item 9A. |   | Controls and Procedures                                                                                             |   | 17         |
| Item 9B. |   | Other Information                                                                                                   |   | 17         |
|     |   |                                                                                                                |
| PART III |   |                                                                                                                |   |       |
| Item 10. |   | Directors, Executive Officers and Corporate Governance                                                              |   | 18         |
| Item 11. |   | Executive Compensation                                                                                              |   | 19         |
| Item 12. |   | Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters                      |   | 20         |
| Item 13. |   | Certain Relationships and Related Transactions, and Director Independence                                           |   | 20         |
| Item 14. |   | Principal Accounting Fees and Services                                                                              |   | 20         |
|     |   |                                                                                                                |
| PART IV  |   |                                                                                                                |   |       |
| Item 15. |   | Exhibits and Financial Statement Schedules                                                                          |   | 21         |
|     |   | Signatures                                                                                                          |   | 22    |

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| Item 1.           |  Description of Business. |
|--------------------------------------------------------------------------|--------------------------------|

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| Item 1A.        | Risk Factors. |
|---------------------------------------------------------|---------------|

----

----

----

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| Item 1B.        | Unresolved Staff Comments. |
|---------------------------------------------------------|----------------------------|

| Item 2.           | Properties. |
|--------------------------------------------------------------------------|-------------|

| Item 3.           | Legal Proceedings. |
|--------------------------------------------------------------------------|--------------------|

| Item 4.           | [Reserved.] |
|--------------------------------------------------------------------------|-------------|

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| Item 5.           | Market for Common Equity, Related Stockholder Matters and Small Business Issuer Purchases of Equity Securities. |
|--------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------|

| Item 6.           | Selected Financial Data. |
|--------------------------------------------------------------------------|--------------------------|

| Item 7.           | Management’s Discussion and Analysis of Financial Condition and Results of Operation. |
|--------------------------------------------------------------------------|---------------------------------------------------------------------------------------------|

----

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|                                                 |   | Fiscal Year EndedJune 30, 2010 |    |   | Fiscal Year EndedJune 30, 2009 |   |   | Fiscal Year EndedJune 30, 2008 |   |
|------------------------------------------------------|--------|------------------------------------------|---------|--------|------------------------------------------|--------|--------|--------------------------------|--------|
| Net Cash (Used in) Operating Activities              |   | $                                        | (4,420  | )      |                                     | $      | (2,197 | )                              |   | $ | (5,074 | ) |
| Net Cash (Used in) Investing Activities              |   |  $                                  | -       |   |                                     |   | -      |                           |   |   | - |   |
| Net Cash Provided by Financing Activities            |   | $                                        | -       |   |                                     | $      | -      |                           |   | $ | - |   |
| Net Increase (Decrease) in Cash and Cash Equivalents |   | $                                        | (4,420) |   |                                     | $      | (2,197 | )                         |   | $ | (5,074) |   |

----

| Item 7A.        | Quantitative and Qualitative Disclosures about Market Risk. |
|---------------------------------------------------------|-------------------------------------------------------------|

| Item 8.           | Financial Statements and Supplementary Data. |
|--------------------------------------------------------------------------|----------------------------------------------|

| Item 9.           | Changes in and Disagreements with Accountants on Accounting and Financial Disclosure. |
|--------------------------------------------------------------------------|---------------------------------------------------------------------------------------|

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| Item 9A(T).  | Controls and Procedures. |
|------------------------|--------------------------|

| Item 9B.        | Other Information. |
|---------------------------------------------------------|--------------------|

----

| Item 10.        | Directors, Executive Officers, Promoters and Control Persons; Compliance With Section 16(a) of the Exchange Act. |
|---------------------------------------------------------|------------------------------------------------------------------------------------------------------------------|

| Name                 |   | Age |   | Position                              |   | Term                    |
|----------------------|--------|-----|--------|---------------------------------------|--------|-------------------------|
| Norman King          |   | 85  |   | Chairman and Chief Executive Officer  |   | 2010 to Present         |
| Arnold F. Sock, Esq. |   | 57  |   | President and Director                |   | 2010 to Present         |
| Kuno Laren           |   | 86  |   | President and, Director               |   | 1996 to  2010 |
| Inga Lamonica        |   | 50  |   | Secretary and Treasurer               |   | 1996 to 2011            |
| Inga Lamonica        |   | 50  |   | Director                              |   | 1996 to Present         |
| Allan J. Rude        |   | 74  |   | Director                              |   | 1996 thru 2010          |
| Adam Sietz           |   | 40  |   | Assistant Secretary and Director      |   | 2010 to Present         |
| Leonard Issacson     |   | 83  |   | Secretary and Chief Financial Officer |   | 2011 to Present         |

----

| Item 11.        | Executive Compensation. |
|---------------------------------------------------------|-------------------------|

----

| Item 12.        | Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters. |
|---------------------------------------------------------|-------------------------------------------------------------------------------------------------|

|  Name and Address (A)               |   | Amount and Natureof Beneficial Ownership |    |   | Percentageof Class(B) |   |
|-----------------------------------------------|--------|------------------------------------------|---------|--------|-----------------------|--------|
| Kuno Laren                                    |   |                                     | 318,000 | (C)    |                  |   | 44 | % |
| Inga Lamonaca                                 |   |                                     | 0       |   |                  |   | 0 |   |
| Allan J. Rude                                 |   |                                     | 1,000   |   |                  |   | * |   |
| Norman King                                   |   |                                     | 200,000 | (D)    |                  |   | 28 | % |
| All Directors as a group (3 individuals) |   |                                     | 519,000 |   |                  |   | 72 | % |

| Item 13.        | Certain Relationships and Related Transactions. |
|---------------------------------------------------------|-------------------------------------------------|

| Item 14.        | Principal Accounting Fees and Services. |
|---------------------------------------------------------|-----------------------------------------|

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| (a)   | Exhibits |
|-----------------|----------|

|        |   |                                                                                                                                                           |   |   |   |   |
|-------------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------|--------|
|        |   |                                                                                                                                                           |   |
|        |   |                                                                                                                                                           |   |   |   |   |
|        |   |                                                                                                                                                           |
| Exhibit No. |   | Description                                                                                                                                                    |
| 3.1         |   | Certificate of Incorporation*                                                                                                                                  |
| 3.2         |   | By-Laws*                                                                                                                                                       |
| 3.3         |   | Certificate of Amendment of Certificate of Incorporation, dated as of November 29, 1995                                                                        |
| 3.4         |   | Certificate of Amendment of Certificate of Incorporation, dated as of April 1, 1999                                                                            |
| 3.5         |   | Certificate of Amendment of Certificate of Incorporation, dated as of November 30, 2010                                                                        |
| 3.6         |   | Certificate of Correction of Certificate of Amendment, dated as of March 15, 2011                                                                              |
| 4.1         |   | Specimen form of common stock certificate*                                                                                                                     |
| 4.2         |   | Certificate of Designation, dated as of March 15, 2011                                                                                                         |
| 31.1        |   | Rule 13a-14(a) Certification of Principal Executive Officer                                                                                               |
| 32.1        |   | Certification of Principal Executive Officer pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 |

----

|   | KALEX CORP. |                          |
|--------|-------------|-------------------------------|
|   |        |                          |   |
|   | By:         | /s/ Norman King          |   |
|   |        | Norman King                   |   |
|   |        | CEO and Chairman of the Board |   |

----

| Item 15.        | Exhibits, Financial Statement Schedules. |
|---------------------------------------------------------|------------------------------------------|

| FINANCIAL REPORTS |
|-------------------|
| AT                |
| JUNE 30, 2010     |

| Balance Sheets at June 30, 2008, 2009 and 2010                                                         | F-1        |
|--------------------------------------------------------------------------------------------------------|------------|
|                                                                                                   |       |
| Statements of Operations for the Years Ended June 30, 2008, 2009, and 2010                             | F-2        |
|                                                                                                   |       |
| Statements of Changes in Stockholders’ Deficit for the Years Ended June 30, 2008, 2009, and 2010 | F-3        |
|                                                                                                   |       |
| Statements of Cash Flows for the Years Ended June 30, 2008, 2009, and 2010                             | F-4        |
|                                                                                                   |       |
| Notes to Financial Statements                                                                          | F-5 - F-31 |
|                                                                                                   |       |
| Report of Independent Registered Public Accounting Firm                                                | F-32       |
|                                                                                                   |       |

----

| ASSETS                                                      |   |   |    |   |   |   |    |   |   |
|-------------------------------------------------------------|--------|--------|---------|--------|--------|--------|---------|--------|--------|
|                                                        |   |   |    |   |   |   |    |   |   |
|                                                        |   | 2010   |    |   | 2009   |   | 2008    |   |   |
|                                                        |   |   |    |   |   |   |    |   |   |
| Cash and cash equivalents                                   |   | $      | 1,833   |   |   | $      | 6,253   |   | $      | 8,450 |   |
|                                                        |   |   |    |   |   |   |    |   |   |   |   |   |
| TOTAL ASSETS                                                |   | $      | 1,833   |   |   | $      | 6,253   |   | $      | 8,450 |   |
|                                                        |   |   |    |   |   |   |    |   |   |   |   |   |
|                                                        |   |   |    |   |   |   |    |   |   |   |   |   |
|                                                        |   |   |    |   |   |   |    |   |   |   |   |   |
| LIABILITIES AND DEFICIENCY IN ASSETS                        |   |   |    |   |   |   |    |   |   |   |   |   |
|                                                        |   |   |    |   |   |   |    |   |   |   |   |   |
| Due to affiliates                                           |   | $      | 34,700  |   |   | $      | 34,700  |   | $      | 34,700 |   |
|                                                        |   |   |    |   |   |   |    |   |   |   |   |   |
| TOTAL LIABILITIES                                           |   |   | 34,700  |   |   |   | 34,700  |   |   | 34,700 |   |
|                                                        |   |   |    |   |   |   |    |   |   |   |   |   |
| Preferred stock - $1 par value, 100,000 shares authorized   |   |   |    |   |   |   |    |   |   |   |   |   |
| none outstanding                                            |   |   | -       |   |   |   | -       |   |   | - |   |
| Common stock - $.01 par value, 50,000,000 shares authorized |   |   | 8,000   |   |   |   | 8,000   |   |   | 8,000 |   |
| 800,000 shares issued and 725,200 outstanding               |   |   |    |   |   |   |    |   |   |   |   |   |
| Treasury stock - 74,800 shares                              |   |   | (23,025 | )      |   |   | (23,025 | )      |   | (23,025 | ) |
| Additional paid in capital                                  |   |   | 3,000   |   |   |   | 3,000   |   |   | 3,000 |   |
| Accumulated deficit                                         |   |   | (20,842 | )      |   |   | (16,422 | )      |   | (14,225 | ) |
|                                                        |   |   |    |   |   |   |    |   |   |   |   |   |
| Deficiency in assets                                        |   |   | (32,867 | )      |   |   | (28,447 | )      |   | (26,250 | ) |
|                                                        |   |   |    |   |   |   |    |   |   |   |   |   |
| TOTAL LIABILITIES AND DEFICIENCY IN ASSETS                  |   | $      | 1,833   |   |   | $      | 6,253   |   | $      | 8,450 |   |

----

|                                                 |   |   |    |   |   |   |    |   |   |
|------------------------------------------------------|--------|--------|---------|--------|--------|--------|---------|--------|--------|
|                                                 |   |   |    |   |   |   |    |   |   |
|                                                 |   |   |    |   |   |   |    |   |   |
|                                                 |   | 2010   |    |   | 2009   |   |    | 2008   |   |
|                                                 |   |   |    |   |   |   |    |   |   |
|                                                 |   |   |    |   |   |   |    |   |   |
| General and administrative expenses                  |   | $      | 4,420   |   |   | $      | 2,197   |   |   | $ | 5,074 |   |
|                                                 |   |   |    |   |   |   |    |   |   |   |   |   |
| Net loss                                             |   | $      | (4,420  | )      |   | $      | (2,197  | )      |   | $ | (5,074 | ) |
|                                                 |   |   |    |   |   |   |    |   |   |   |   |   |
| Basic and diluted net loss per common share          |   | $      | (0.00   | )      |   | $      | (0.00   | )      |   | $ | (0.00 | ) |
|                                                 |   |   |    |   |   |   |    |   |   |   |   |   |
| Weighted average number of common shares outstanding |   |   | 725,200 |   |   |   | 725,200 |   |   |   | 725,200 |   |
|                                                 |   |   |    |   |   |   |    |   |   |   |   |   |

----

|     KALEX CORP.  |   |
|--------------------------------------|--------|
| STATEMENTS OF DEFICIENCY IN ASSETS   |   |
| Years Ended June 30,                 |   |
|                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                 |   | Common Stock |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                 |   | 50,000,000 shares authorized |   |   | Additional |   |   | Treasury Stock |   |   |   |   |   |   |   |
|                                 |   | Shares |   |   | Par Value |   |   | Paid-in |   |   | No. of |   |   |   |   |   | Accumulated |   |   |   |   |
|                                 |   | Issued |   |   | $.01 per share |   |   | Capital |   |   | Shares |   |   | Amount |   |   | Deficit |   |   | Total |   |
|                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| DEFICIENCY IN ASSETS - JUNE 30, 2007 |   |   | 800,000 |   |   | $ | 8,000 |   |   | $ | 3,000 |   |   | $ | 74,800 |   |   | $ | (23,025 | ) |   | $ | (9,151 | ) |   | $ | (21,176 | ) |
|                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net loss                             |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (5,074 | ) |   |   | (5,074 | ) |
|                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| DEFICIENCY IN ASSETS - JUNE 30, 2008 |   |   | 800,000 |   |   |   | 8,000 |   |   |   | 3,000 |   |   |   | 74,800 |   |   |   | (23,025 | ) |   |   | (14,225 | ) |   |   | (26,250 | ) |
|                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | - |   |
| Net loss                             |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (2,197 | ) |   |   | (2,197 | ) |
|                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| DEFICIENCY IN ASSETS - JUNE 30, 2009 |   |   | 800,000 |   |   |   | 8,000 |   |   |   | 3,000 |   |   |   | 74,800 |   |   |   | (23,025 | ) |   |   | (16,422 | ) |   |   | (28,447 | ) |
|                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net loss                             |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (4,420 | ) |   |   | (4,420 | ) |
|                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| DEFICIENCY IN ASSETS - JUNE 30, 2010 |   |   | 800,000 |   |   | $ | 8,000 |   |   | $ | 3,000 |   |   |   | 74,800 |   |   | $ | (23,025 | ) |   | $ | (20,842 | ) |   | $ | (32,867 | ) |

----

| KALEX CORP.                                             |   |
|---------------------------------------------------------|--------|
| STATEMENTS OF CASH FLOWS                                |   |
| Years Ended June 30,                                    |   |
|                                                    |   |   |   |   |   |   |   |   |   |
|                                                    |   |   |   |   |   |   |   |   |   |
|                                                    |   |   |   |   |   |   |   |   |   |
|                                                    |   |   |   |   |   |   |   |   |   |
|                                                    |   | 2010 |   |   | 2009 |   |   | 2008 |   |
|                                                    |   |   |   |   |   |   |   |   |   |
| Cash Flows from Operating Activities                    |   |   |   |   |   |   |   |   |   |
| Net loss from operations                                |   | $ | (4,420 | ) |   | $ | (2,197 | ) |   | $ | (5,074 | ) |
|                                                    |   |   |   |   |   |   |   |   |   |   |   |   |
|    Net cash used in operating activities |   |   | (4,420 | ) |   |   | (2,197 | ) |   |   | (5,074 | ) |
|                                                    |   |   |   |   |   |   |   |   |   |   |   |   |
| Net change in cash and cash equivalents                 |   |   | (4,420 | ) |   |   | (2,197 | ) |   |   | (5,074 | ) |
| Cash and cash equivalents - beginning of year           |   |   | 6,253 |   |   |   | 8,450 |   |   |   | 13,524 |   |
| Cash and cash equivalents - end of year                 |   | $ | 1,833 |   |   | $ | 6,253 |   |   | $ | 8,450 |   |
|                                                    |   |   |   |   |   |   |   |   |   |   |   |   |
| Supplemental Disclosure of Cash Flow Information:       |   |   |   |   |   |   |   |   |   |   |   |   |
| Cash paid for interest                                  |   | $ | - |   |   | $ | - |   |   | $ | - |   |
| Cash paid for taxes                                     |   | $ | - |   |   | $ | - |   |   | $ | - |   |
|                                                    |   |   |   |   |   |   |   |   |   |   |   |   |

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|   |                                                                                                                                                                                                                                                                                                                                                           |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | NOTE 1 – SUMMARY OF ACCOUNTING POLICIES Kalex Corp. ("the Company") was incorporated on March 27, 1984 under the laws of the State of Delaware. The company is a publicly-owned company, not currently operating in any business. The company, through a wholly-owned subsidiary, was previously in the real estate business.             |
|   | The Company’s business is to pursue a business combination through acquisition, or merger with, an existing company. As of the date of the financial statements, the Company is not conducting negotiations with any target business. No assurances can be given that the Company will be successful in locating or negotiating with any target company. |
|   |                                                                                                                                                                                                                                                                                                                                                           |
|   | Since inception, the Company has been engaged in organizational efforts.                                                                                                                                                                                                                                                                                       |
|   |                                                                                                                                                                                                                                                                                                                                                           |
|   |                                                                                                                                                                                                                                                                                                                                                           |
|   | Method of Accounting                                                                                                                                                                                                                                                                                                                                           |
|   | The Company maintains its books and prepares its financial statements on the accrual basis of accounting.                                                                                                                                                                                                                                                      |
|   |  Cash and Cash Equivalents                                                                                                                                                                                                                                                                                                                                |
|   | Cash and cash equivalents include time deposits, certificates of deposit, and all highly liquid debt instruments with original maturities of three months or less.  The Company maintains cash and cash equivalents at financial institutions, which periodically may exceed federally insured amounts.                                              |
|   |                                                                                                                                                                                                                                                                                                                                                           |

|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | Loss Per Common Share                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|   | Loss per common share is computed in accordance with FASB ASC 260-10 (Prior authoritative literature Statement of Financial Accounting Standards No. 128, “Earnings Per Share”), by dividing income (loss) available to common stockholders by weighted average number of common shares outstanding for each period.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|   | Use of Estimates                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|   | The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.  Actual results can differ from those estimates.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|   |  Income Taxes                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|   | The Company accounts for income taxes in accordance with FASB ASC 740-10 (Prior authoritative literature Statement of Financial Accounting Standards No. 109, “Accounting for Income Taxes”), using the asset and liability approach, which requires recognition of deferred tax liabilities and assets for the expected future tax consequences of temporary differences between the carrying amounts and the tax basis of such assets and liabilities.  This method utilizes enacted statutory tax rates in effect for the year in which the temporary differences are expected to reverse and gives immediate effect to changes in income tax rates upon enactment.  Deferred tax assets are recognized, net of any valuation allowance, for temporary differences and net operating loss and tax credit carry forwards.  Deferred income tax expense represents the change in net deferred assets and liability balances. |

----

|   |                                                                                                                                                                                               |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | Recent Pronouncements                                                                                                                                                                              |
|   | The Company does not expect the adoption of recently issued accounting pronouncements to have a significant impact on the Company’s results of operations, financial position, or cash flow. |

| Holders of shares of common stock shall be entitled to cast one vote for each common share held at all stockholder’s meetings for all purposes, including the election of directors.  The common stock does not have cumulative voting rights.                                                                                                                                       |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                                                 |
| The preferred stock of the Company shall be issued by the Board of Directors of the Company in one or more classes or one or more series within any class and such classes or series shall have such voting powers, full or limited, or no voting powers, and such designations, preferences, limitations or restrictions as the Board of Directors of the Company may determine, from time to time. |
|                                                                                                                                                                                                                                                                                                                                                                                                 |
| No holder of shares of stock of any class shall be entitled as a matter of right to subscribe for or purchase or receive any part of any new or additional issue of shares of stock of any class, or of securities convertible into shares of stock or any class, whether now hereafter authorized or whether issued for money, for consideration other than money, or by way of dividend.           |

| Kumala,Inc. |   | $      | 13,000 |   |
|-------------|--------|--------|--------|--------|
| Kuno Laren  |   |   | 8,000  |   |
| Grant lnc.  |   |   | 10,000 |   |
| Norman King |   |   | 3,700  |   |

----

----

| KALEX CORP.                                      |   |
|--------------------------------------------------|--------|
| Balance Sheets                                   |   |
| (Unaudited)                                      |   |
|                                             |   |   |   |   |   |   |
|                                             |   |   |   |   |   |   |
|                                             |   | December 31, |   |   | June 30, |   |
|                                             |   | 2007 |   |   | 2007 |   |
|                                             |   |   |   |   |   |   |
| ASSETS                                           |   |   |   |   |   |   |
|                                             |   |   |   |   |   |   |
| Cash                                             |   | $ | 10,986 |   |   | $ | 13,523 |   |
|                                             |   |   |   |   |   |   |   |   |
| Total Assets                                     |   | $ | 10,986 |   |   | $ | 13,523 |   |
|                                             |   |   |   |   |   |   |   |   |
| LIABILITIES AND SHAREHOLDERS; EQUITY             |   |   |   |   |   |   |   |   |
|                                             |   |   |   |   |   |   |   |   |
| Due to related parties                           |   | $ | 34,700 |   |   | $ | 34,700 |   |
|                                             |   |   |   |   |   |   |   |   |
| SHAREHOLDERS' EQUITY                             |   |   |   |   |   |   |   |   |
|                                             |   |   |   |   |   |   |   |   |
| Preferred stock (100,000 shares authorized:      |   |   | - |   |   |   | - |   |
| par value $1.00; none issued and outstanding)    |   |   |   |   |   |   |   |   |
| Common stock (50,000,000 shares authorized;      |   |   |   |   |   |   |   |   |
| 800,000 shares issued & 725,000 outstanding) |   |   | 8,000 |   |   |   | 8,000 |   |
| Additional paid in capital                       |   |   | 3,000 |   |   |   | 3,000 |   |
| Accumulated deficit                              |   |   | (11,689 | ) |   |   | (9,152 | ) |
| Treasury stock (74,800 shares at cost)           |   |   | (23,025 | ) |   |   | (23,025 | ) |
|                                             |   |   |   |   |   |   |   |   |
| Total shareholders' deficit                      |   |   | (23,714 | ) |   |   | (21,177 | ) |
|                                             |   |   |   |   |   |   |   |   |
| Total Liabilities and Shareholders' Deficit      |   | $ | 10,986 |   |   | $ | 13,523 |   |
|                                             |   |   |   |   |   |   |   |   |

----

| KALEX CORP.                               |   |
|-------------------------------------------|--------|
| Statements of Operations                  |   |
| (Unaudited)                               |   |
|                                      |   |   |   |   |   |   |   |   |   |   |   |   |
|                                      |   |   |   |   |   |   |   |   |   |   |   |   |
|                                      |   |   |   |   |   |   |   |   |   |   |   |   |
|                                      |   | For the three months ended |   | For the six months ended |   |
|                                      |   | December 31, |   |   | December 31, |   |   | December 31, |   |   | December 31, |   |
|                                      |   | 2007 |   |   | 2006 |   |   | 2007 |   |   | 2006 |   |
|                                      |   |   |   |   |   |   |   |   |   |   |   |   |
| General and administrative expenses       |   | $ | 1,269 |   |   | $ | 1,447 |   |   | $ | 2,537 |   |   | $ | 3,999 |   |
|                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net loss                                  |   | $ | (1,269 | ) |   | $ | (1,447 | ) |   | $ | (2,537 | ) |   | $ | (3,999 | ) |
|                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Basic and diluted loss per share based on |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| 725,200 weighted average shares           |   | $ | (0.00 | ) |   | $ | (0.00 | ) |   | $ | (0.00 | ) |   | $ | (0.01 | ) |
| of outstanding stock                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

| KALEX CORP.                               |   |
|-------------------------------------------|--------|
| Statements of Cash Flows                  |   |
| (Unaudited)                               |   |
|                                      |   |   |   |   |   |   |
|                                      |   |   |   |   |   |   |
|                                      |   |   |   |   |   |   |
|                                      |   | For the six months ended |   |
|                                      |   | December 31, |   |   | December 31, |   |
|                                      |   | 2007 |   |   | 2006 |   |
| CASH FLOWS FROM OPERATING ACTIVITIES      |   |   |   |   |   |   |
| Net loss                                  |   | $ | (2,537 | ) |   | $ | (3,999 | ) |
| Changes in Assets and Liabilities         |   |   | - |   |   |   | (7,300 | ) |
|                                      |   |   |   |   |   |   |   |   |
| Net cash used in operating activities     |   |   | (2,537 | ) |   |   | (11,299 | ) |
|                                      |   |   |   |   |   |   |   |   |
| CASH FLOWS FROM OPERATING ACTIVITIES      |   |   |   |   |   |   |   |   |
| Advances from affiliates                  |   |   | - |   |   |   | 8,750 |   |
|                                      |   |   |   |   |   |   |   |   |
| Net cash provided by operating activities |   |   | - |   |   |   | 8,750 |   |
|                                      |   |   |   |   |   |   |   |   |
| Decrease in Cash                          |   |   | (2,537 | ) |   |   | (2,549 | ) |
|                                      |   |   |   |   |   |   |   |   |
| CASH BEGINNING BALANCE                    |   |   | 13,523 |   |   |   | 8,312 |   |
|                                      |   |   |   |   |   |   |   |   |
| CASH ENDING BALANCE                       |   | $ | 10,986 |   |   | $ | 5,763 |   |
|                                      |   |   |   |   |   |   |   |   |

----

| KALEX CORP.                                      |   |
|--------------------------------------------------|--------|
| Balance Sheets                                   |   |
| (Unaudited)                                      |   |
|                                             |   |   |   |   |   |   |
|                                             |   |   |   |   |   |   |
|                                             |   |   |   |   |   |   |
|                                             |   | March 31, |   |   | June 30, |   |
|                                             |   | 2008 |   |   | 2007 |   |
|                                             |   |   |   |   |   |   |
| ASSETS                                           |   |   |   |   |   |   |
|                                             |   |   |   |   |   |   |
| Cash                                             |   | $ | 10,486 |   |   | $ | 13,523 |   |
|                                             |   |   |   |   |   |   |   |   |
| Total Assets                                     |   | $ | 10,486 |   |   | $ | 13,523 |   |
|                                             |   |   |   |   |   |   |   |   |
| LIABILITIES AND SHAREHOLDERS; EQUITY             |   |   |   |   |   |   |   |   |
|                                             |   |   |   |   |   |   |   |   |
| Due to related parties                           |   | $ | 34,700 |   |   | $ | 34,700 |   |
|                                             |   |   |   |   |   |   |   |   |
| SHAREHOLDERS' EQUITY                             |   |   |   |   |   |   |   |   |
|                                             |   |   |   |   |   |   |   |   |
| Preferred stock (100,000 shares authorized:      |   |   | - |   |   |   | - |   |
| par value $1.00; none issued and outstanding)    |   |   |   |   |   |   |   |   |
| Common stock (50,000,000 shares authorized;      |   |   |   |   |   |   |   |   |
| 800,000 shares issued & 725,000 outstanding) |   |   | 8,000 |   |   |   | 8,000 |   |
| Additional paid in capital                       |   |   | 3,000 |   |   |   | 3,000 |   |
| Accumulated deficit                              |   |   | (12,189 | ) |   |   | (9,152 | ) |
| Treasury stock (74,800 shares at cost)           |   |   | (23,025 | ) |   |   | (23,025 | ) |
|                                             |   |   |   |   |   |   |   |   |
| Total shareholders' deficit                      |   |   | (24,214 | ) |   |   | (21,177 | ) |
|                                             |   |   |   |   |   |   |   |   |
| Total Liabilities and Shareholders' Deficit      |   | $ | 10,486 |   |   | $ | 13,523 |   |
|                                             |   |   |   |   |   |   |   |   |

----

| KALEX CORP.                               |   |
|-------------------------------------------|--------|
| Statements of Operations                  |   |
| (Unaudited)                               |   |
|                                      |   |   |   |   |   |   |   |   |   |   |   |   |
|                                      |   |   |   |   |   |   |   |   |   |   |   |   |
|                                      |   |   |   |   |   |   |   |   |   |   |   |   |
|                                      |   | For the three months ended |   | For the nine months ended |   |
|                                      |   | March 31, |   |   | March 31, |   |   | March 31, |   |   | March 31, |   |
|                                      |   | 2008 |   |   | 2007 |   |   | 2008 |   |   | 2007 |   |
|                                      |   |   |   |   |   |   |   |   |   |   |   |   |
| General and administrative expenses       |   | $ | 1,269 |   |   | $ | 1,670 |   |   | $ | 3,037 |   |   | $ | 3,395 |   |
|                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net loss                                  |   | $ | (1,269 | ) |   | $ | (1,670 | ) |   | $ | (3,037 | ) |   | $ | (3,395 | ) |
|                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Basic and diluted loss per share based on |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| 725,200 weighted average shares           |   | $ | (0.00 | ) |   | $ | (0.00 | ) |   | $ | (0.00 | ) |   | $ | (0.00 | ) |
| of outstanding stock                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

| KALEX CORP.                          |   |
|--------------------------------------|--------|
| Statements of Cash Flows             |   |
| (Unaudited)                          |   |
|                                 |   |   |   |   |   |   |
|                                 |   |   |   |   |   |   |
|                                 |   | For the six months ended |   |
|                                 |   | March 31, |   |   | March 31, |   |
|                                 |   | 2008 |   |   | 2007 |   |
| CASH FLOWS FROM OPERATING ACTIVITIES |   |   |   |   |   |   |
| Net loss                             |   | $ | (3,037 | ) |   | $ | (3,395 | ) |
|                                 |   |   |   |   |   |   |   |   |
| Decrease in Cash                     |   |   | (3,037 | ) |   |   | (3,395 | ) |
|                                 |   |   |   |   |   |   |   |   |
| CASH BEGINNING BALANCE               |   |   | 13,523 |   |   |   | 8,312 |   |
|                                 |   |   |   |   |   |   |   |   |
| CASH ENDING BALANCE                  |   | $ | 10,486 |   |   | $ | 4,918 |   |
|                                 |   |   |   |   |   |   |   |   |

----

| KALEX CORP.                                      |   |
|--------------------------------------------------|--------|
| Balance Sheets                                   |   |
| (Unaudited)                                      |   |
|                                             |   |   |   |   |   |   |
|                                             |   |   |   |   |   |   |
|                                             |   | September 30, |   |   | June 30, |   |
|                                             |   | 2008 |   |   | 2008 |   |
|                                             |   |   |   |   |   |   |
| ASSETS                                           |   |   |   |   |   |   |
|                                             |   |   |   |   |   |   |
| Cash                                             |   | $ | 7,901 |   |   | $ | 8,450 |   |
|                                             |   |   |   |   |   |   |   |   |
| Total Assets                                     |   | $ | 7,901 |   |   | $ | 8,450 |   |
|                                             |   |   |   |   |   |   |   |   |
| LIABILITIES AND SHAREHOLDERS; EQUITY             |   |   |   |   |   |   |   |   |
|                                             |   |   |   |   |   |   |   |   |
| Due to related parties                           |   | $ | 34,700 |   |   | $ | 34,700 |   |
|                                             |   |   |   |   |   |   |   |   |
| SHAREHOLDERS' EQUITY                             |   |   |   |   |   |   |   |   |
|                                             |   |   |   |   |   |   |   |   |
| Preferred stock (100,000 shares authorized:      |   |   | - |   |   |   | - |   |
| par value $1.00; none issued and outstanding)    |   |   |   |   |   |   |   |   |
| Common stock (50,000,000 shares authorized;      |   |   |   |   |   |   |   |   |
| 800,000 shares issued & 725,000 outstanding) |   |   | 8,000 |   |   |   | 8,000 |   |
| Additional paid in capital                       |   |   | 3,000 |   |   |   | 3,000 |   |
| Accumulated deficit                              |   |   | (14,774 | ) |   |   | (14,225 | ) |
| Treasury stock (74,800 shares at cost)           |   |   | (23,025 | ) |   |   | (23,025 | ) |
|                                             |   |   |   |   |   |   |   |   |
| Total shareholders' deficit                      |   |   | (26,799 | ) |   |   | (26,250 | ) |
|                                             |   |   |   |   |   |   |   |   |
| Total Liabilities and Shareholders' Deficit      |   | $ | 7,901 |   |   | $ | 8,450 |   |
|                                             |   |   |   |   |   |   |   |   |

----

| KALEX CORP.                               |   |
|-------------------------------------------|--------|
| Statements of Operations                  |   |
| (Unaudited)                               |   |
|                                      |   |   |   |   |   |   |
|                                      |   |   |   |   |   |   |
|                                      |   |   |   |   |   |   |
|                                      |   | For the three months ended |   |
|                                      |   | September 30, |   |   | September 30, |   |
|                                      |   | 2008 |   |   | 2007 |   |
|                                      |   |   |   |   |   |   |
| General and administrative expenses       |   | $ | 549 |   |   | $ | 901 |   |
|                                      |   |   |   |   |   |   |   |   |
| Net loss                                  |   | $ | (549 | ) |   | $ | (901 | ) |
|                                      |   |   |   |   |   |   |   |   |
| Basic and diluted loss per share based on |   |   |   |   |   |   |   |   |
| 725,200 weighted average shares           |   | $ | (0.00 | ) |   | $ | (0.00 | ) |
| of outstanding stock                      |   |   |   |   |   |   |   |   |

----

| KALEX CORP.                          |   |
|--------------------------------------|--------|
| Statements of Cash Flows             |   |
| (Unaudited)                          |   |
|                                 |   |   |   |   |   |   |
|                                 |   |   |   |   |   |   |
|                                 |   |   |   |   |   |   |
|                                 |   | For the three months ended |   |
|                                 |   | September 30, |   |   | September 30, |   |
|                                 |   | 2008 |   |   | 2007 |   |
| CASH FLOWS FROM OPERATING ACTIVITIES |   |   |   |   |   |   |
| Net loss                             |   | $ | (549 | ) |   | $ | (901 | ) |
|                                 |   |   |   |   |   |   |   |   |
| Decrease in Cash                     |   |   | (549 | ) |   |   | (901 | ) |
|                                 |   |   |   |   |   |   |   |   |
| CASH BEGINNING BALANCE               |   |   | 8,450 |   |   |   | 13,523 |   |
|                                 |   |   |   |   |   |   |   |   |
| CASH ENDING BALANCE                  |   | $ | 7,901 |   |   | $ | 12,622 |   |
|                                 |   |   |   |   |   |   |   |   |

----

| KALEX CORP.                                      |   |
|--------------------------------------------------|--------|
| Balance Sheets                                   |   |
| (Unaudited)                                      |   |
|                                             |   |   |   |   |   |   |
|                                             |   |   |   |   |   |   |
|                                             |   |   |   |   |   |   |
|                                             |   | December 31, |   |   | June 30, |   |
|                                             |   | 2008 |   |   | 2008 |   |
|                                             |   |   |   |   |   |   |
| ASSETS                                           |   |   |   |   |   |   |
|                                             |   |   |   |   |   |   |
| Cash                                             |   | $ | 7,352 |   |   | $ | 8,450 |   |
|                                             |   |   |   |   |   |   |   |   |
| Total Assets                                     |   | $ | 7,352 |   |   | $ | 8,450 |   |
|                                             |   |   |   |   |   |   |   |   |
| LIABILITIES AND SHAREHOLDERS; EQUITY             |   |   |   |   |   |   |   |   |
|                                             |   |   |   |   |   |   |   |   |
| Due to related parties                           |   | $ | 34,700 |   |   | $ | 34,700 |   |
|                                             |   |   |   |   |   |   |   |   |
| SHAREHOLDERS' EQUITY                             |   |   |   |   |   |   |   |   |
|                                             |   |   |   |   |   |   |   |   |
| Preferred stock (100,000 shares authorized:      |   |   | - |   |   |   | - |   |
| par value $1.00; none issued and outstanding)    |   |   |   |   |   |   |   |   |
| Common stock (50,000,000 shares authorized;      |   |   |   |   |   |   |   |   |
| 800,000 shares issued & 725,000 outstanding) |   |   | 8,000 |   |   |   | 8,000 |   |
| Additional paid in capital                       |   |   | 3,000 |   |   |   | 3,000 |   |
| Accumulated deficit                              |   |   | (15,323 | ) |   |   | (14,225 | ) |
| Treasury stock (74,800 shares at cost)           |   |   | (23,025 | ) |   |   | (23,025 | ) |
|                                             |   |   |   |   |   |   |   |   |
| Total shareholders' deficit                      |   |   | (27,348 | ) |   |   | (26,250 | ) |
|                                             |   |   |   |   |   |   |   |   |
| Total Liabilities and Shareholders' Deficit      |   | $ | 7,352 |   |   | $ | 8,450 |   |
|                                             |   |   |   |   |   |   |   |   |

----

|  KALEX CORP.                         |   |
|-------------------------------------------|--------|
| Statements of Operations                  |   |
| (Unaudited)                               |   |
|                                      |   |   |   |   |   |   |   |   |   |   |   |   |
|                                      |   |   |   |   |   |   |   |   |   |   |   |   |
|                                      |   |   |   |   |   |   |   |   |   |   |   |   |
|                                      |   | For the three months ended |   | For the six months ended |   |
|                                      |   | December 31, |   |   | December 31, |   |   | December 31, |   |   | December 31, |   |
|                                      |   | 2008 |   |   | 2007 |   |   | 2008 |   |   | 2007 |   |
|                                      |   |   |   |   |   |   |   |   |   |   |   |   |
| General and administrative expenses       |   | $ | 549 |   |   | $ | 1,447 |   |   | $ | 1,098 |   |   | $ | 2,537 |   |
|                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net loss                                  |   | $ | (549 | ) |   | $ | (1,447 | ) |   | $ | (1,098 | ) |   | $ | (2,537 | ) |
|                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Basic and diluted loss per share based on |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| 725,200 weighted average shares           |   | $ | (0.00 | ) |   | $ | (0.00 | ) |   | $ | (0.00 | ) |   | $ | (0.00 | ) |
| of outstanding stock                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

| KALEX CORP.                          |   |
|--------------------------------------|--------|
| Statements of Cash Flows             |   |
| (Unaudited)                          |   |
|                                 |   |   |   |   |   |   |
|                                 |   |   |   |   |   |   |
|                                 |   |   |   |   |   |   |
|                                 |   | For the six months ended |   |
|                                 |   | December 31, |   |   | December 31, |   |
|                                 |   | 2008 |   |   | 2007 |   |
| CASH FLOWS FROM OPERATING ACTIVITIES |   |   |   |   |   |   |
| Net loss                             |   | $ | (1,098 | ) |   | $ | (2,537 | ) |
|                                 |   |   |   |   |   |   |   |   |
| Decrease in Cash                     |   |   | (1,098 | ) |   |   | (2,537 | ) |
|                                 |   |   |   |   |   |   |   |   |
| CASH BEGINNING BALANCE               |   |   | 8,450 |   |   |   | 13,523 |   |
|                                 |   |   |   |   |   |   |   |   |
| CASH ENDING BALANCE                  |   | $ | 7,352 |   |   | $ | 10,986 |   |
|                                 |   |   |   |   |   |   |   |   |

----

| KALEX CORP.                                      |   |
|--------------------------------------------------|--------|
| Balance Sheets                                   |   |
| (Unaudited)                                      |   |
|                                             |   |   |   |   |   |   |
|                                             |   |   |   |   |   |   |
|                                             |   | March 31 |   |   | June 30, |   |
|                                             |   | 2009 |   |   | 2008 |   |
|                                             |   |   |   |   |   |   |
| ASSETS                                           |   |   |   |   |   |   |
|                                             |   |   |   |   |   |   |
| Cash                                             |   | $ | 6,803 |   |   | $ | 8,450 |   |
|                                             |   |   |   |   |   |   |   |   |
| Total Assets                                     |   | $ | 6,803 |   |   | $ | 8,450 |   |
|                                             |   |   |   |   |   |   |   |   |
| LIABILITIES AND SHAREHOLDERS; EQUITY             |   |   |   |   |   |   |   |   |
|                                             |   |   |   |   |   |   |   |   |
| Due to related parties                           |   | $ | 34,700 |   |   | $ | 34,700 |   |
|                                             |   |   |   |   |   |   |   |   |
| SHAREHOLDERS' EQUITY                             |   |   |   |   |   |   |   |   |
|                                             |   |   |   |   |   |   |   |   |
| Preferred stock (100,000 shares authorized:      |   |   | - |   |   |   | - |   |
| par value $1.00; none issued and outstanding)    |   |   |   |   |   |   |   |   |
| Common stock (50,000,000 shares authorized;      |   |   |   |   |   |   |   |   |
| 800,000 shares issued & 725,000 outstanding) |   |   | 8,000 |   |   |   | 8,000 |   |
| Additional paid in capital                       |   |   | 3,000 |   |   |   | 3,000 |   |
| Accumulated deficit                              |   |   | (15,872 | ) |   |   | (14,225 | ) |
| Treasury stock (74,800 shares at cost)           |   |   | (23,025 | ) |   |   | (23,025 | ) |
|                                             |   |   |   |   |   |   |   |   |
| Total shareholders' deficit                      |   |   | (27,897 | ) |   |   | (26,250 | ) |
|                                             |   |   |   |   |   |   |   |   |
| Total Liabilities and Shareholders' Deficit      |   | $ | 6,803 |   |   | $ | 8,450 |   |
|                                             |   |   |   |   |   |   |   |   |

----

| KALEX CORP.                               |   |
|-------------------------------------------|--------|
| Statements of Operations                  |   |
| (Unaudited)                               |   |
|                                      |   |   |   |   |   |   |   |   |   |   |   |   |
|                                      |   |   |   |   |   |   |   |   |   |   |   |   |
|                                      |   |   |   |   |   |   |   |   |   |   |   |   |
|                                      |   | For the three months ended |   | For the nine months ended |   |
|                                      |   | March 31 |   |   | March 31, |   |   | March 31 |   |   | March 31, |   |
|                                      |   | 2009 |   |   | 2008 |   |   | 2009 |   |   | 2008 |   |
|                                      |   |   |   |   |   |   |   |   |   |   |   |   |
| General and administrative expenses       |   | $ | 549 |   |   | $ | 1,447 |   |   | $ | 1,647 |   |   | $ | 3,037 |   |
|                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net loss                                  |   | $ | (549 | ) |   | $ | (1,447 | ) |   | $ | (1,647 | ) |   | $ | (3,037 | ) |
|                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Basic and diluted loss per share based on |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| 725,200 weighted average shares           |   | $ | (0.00 | ) |   | $ | (0.00 | ) |   | $ | (0.00 | ) |   | $ | (0.00 | ) |
| of outstanding stock                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

| KALEX CORP.                          |   |
|--------------------------------------|--------|
| Statements of Cash Flows             |   |
| (Unaudited)                          |   |
|                                 |   |   |   |   |   |   |
|                                 |   |   |   |   |   |   |
|                                 |   |   |   |   |   |   |
|                                 |   | For the nine months ended |   |
|                                 |   | March 31 |   |   | March 31, |   |
|                                 |   | 2009 |   |   | 2008 |   |
| CASH FLOWS FROM OPERATING ACTIVITIES |   |   |   |   |   |   |
| Net loss                             |   | $ | (1,647 | ) |   | $ | (3,037 | ) |
|                                 |   |   |   |   |   |   |   |   |
| Decrease in Cash                     |   |   | (1,647 | ) |   |   | (3,037 | ) |
|                                 |   |   |   |   |   |   |   |   |
| CASH BEGINNING BALANCE               |   |   | 8,450 |   |   |   | 13,523 |   |
|                                 |   |   |   |   |   |   |   |   |
| CASH ENDING BALANCE                  |   | $ | 6,803 |   |   | $ | 10,486 |   |
|                                 |   |   |   |   |   |   |   |   |

----

| KALEX CORP.                                      |   |
|--------------------------------------------------|--------|
| Balance Sheets                                   |   |
| (Unaudited)                                      |   |
|                                             |   |   |   |   |   |   |
|                                             |   |   |   |   |   |   |
|                                             |   |   |   |   |   |   |
|                                             |   | September 30, |   |   | June 30, |   |
|                                             |   | 2009 |   |   | 2009 |   |
|                                             |   |   |   |   |   |   |
| ASSETS                                           |   |   |   |   |   |   |
|                                             |   |   |   |   |   |   |
| Cash                                             |   | $ | 5,147 |   |   | $ | 6,253 |   |
|                                             |   |   |   |   |   |   |   |   |
| Total Assets                                     |   | $ | 5,147 |   |   | $ | 6,253 |   |
|                                             |   |   |   |   |   |   |   |   |
| LIABILITIES AND SHAREHOLDERS; EQUITY             |   |   |   |   |   |   |   |   |
|                                             |   |   |   |   |   |   |   |   |
| Due to related parties                           |   | $ | 34,700 |   |   | $ | 34,700 |   |
|                                             |   |   |   |   |   |   |   |   |
| SHAREHOLDERS' EQUITY                             |   |   |   |   |   |   |   |   |
|                                             |   |   |   |   |   |   |   |   |
| Preferred stock (100,000 shares authorized:      |   |   | - |   |   |   | - |   |
| par value $1.00; none issued and outstanding)    |   |   |   |   |   |   |   |   |
| Common stock (50,000,000 shares authorized;      |   |   |   |   |   |   |   |   |
| 800,000 shares issued & 725,000 outstanding) |   |   | 8,000 |   |   |   | 8,000 |   |
| Additional paid in capital                       |   |   | 3,000 |   |   |   | 3,000 |   |
| Accumulated deficit                              |   |   | (17,528 | ) |   |   | (16,422 | ) |
| Treasury stock (74,800 shares at cost)           |   |   | (23,025 | ) |   |   | (23,025 | ) |
|                                             |   |   |   |   |   |   |   |   |
| Total shareholders' deficit                      |   |   | (29,553 | ) |   |   | (28,447 | ) |
|                                             |   |   |   |   |   |   |   |   |
| Total Liabilities and Shareholders' Deficit      |   | $ | 5,147 |   |   | $ | 6,253 |   |

----

|  KALEX CORP.                         |   |
|-------------------------------------------|--------|
| Statements of Operations                  |   |
| (Unaudited)                               |   |
|                                      |   |   |   |   |   |   |
|                                      |   |   |   |   |   |   |
|                                      |   |   |   |   |   |   |
|                                      |   | For the three months ended |   |
|                                      |   | September 30 |   |   | September 30 |   |
|                                      |   | 2009 |   |   | 2008 |   |
|                                      |   |   |   |   |   |   |
| General and administrative expenses       |   | $ | 1,105 |   |   | $ | 549 |   |
|                                      |   |   |   |   |   |   |   |   |
| Net loss                                  |   | $ | (1,105 | ) |   | $ | (549 | ) |
|                                      |   |   |   |   |   |   |   |   |
| Basic and diluted loss per share based on |   |   |   |   |   |   |   |   |
| 725,200 weighted average shares           |   | $ | (0.00 | ) |   | $ | (0.00 | ) |

----

| KALEX CORP.                          |   |
|--------------------------------------|--------|
| Statements of Cash Flows             |   |
| (Unaudited)                          |   |
|                                 |   |   |   |   |   |   |
|                                 |   |   |   |   |   |   |
|                                 |   |   |   |   |   |   |
|                                 |   | For the three months ended |   |
|                                 |   | September 30 |   |   | September 30 |   |
|                                 |   | 2009 |   |   | 2008 |   |
| CASH FLOWS FROM OPERATING ACTIVITIES |   |   |   |   |   |   |
| Net loss                             |   | $ | (1,105 | ) |   | $ | (549 | ) |
|                                 |   |   |   |   |   |   |   |   |
| Decrease in Cash                     |   |   | (1,105 | ) |   |   | (549 | ) |
|                                 |   |   |   |   |   |   |   |   |
| CASH BEGINNING BALANCE               |   |   | 6,252 |   |   |   | 8,450 |   |
|                                 |   |   |   |   |   |   |   |   |
| CASH ENDING BALANCE                  |   | $ | 5,147 |   |   | $ | 7,901 |   |
|                                 |   |   |   |   |   |   |   |   |

----

| KALEX CORP.                                      |   |
|--------------------------------------------------|--------|
| Balance Sheets                                   |   |
| (Unaudited)                                      |   |
|                                             |   |   |   |   |   |   |
|                                             |   |   |   |   |   |   |
|                                             |   |   |   |   |   |   |
|                                             |   | December 31 |   |   | June 30, |   |
|                                             |   | 2009 |   |   | 2009 |   |
|                                             |   |   |   |   |   |   |
| ASSETS                                           |   |   |   |   |   |   |
|                                             |   |   |   |   |   |   |
| Cash                                             |   | $ | 4,043 |   |   | $ | 6,253 |   |
|                                             |   |   |   |   |   |   |   |   |
| Total Assets                                     |   | $ | 4,043 |   |   | $ | 6,253 |   |
|                                             |   |   |   |   |   |   |   |   |
| LIABILITIES AND SHAREHOLDERS; EQUITY             |   |   |   |   |   |   |   |   |
|                                             |   |   |   |   |   |   |   |   |
| Due to related parties                           |   | $ | 34,700 |   |   | $ | 34,700 |   |
|                                             |   |   |   |   |   |   |   |   |
| SHAREHOLDERS' EQUITY                             |   |   |   |   |   |   |   |   |
|                                             |   |   |   |   |   |   |   |   |
| Preferred stock (100,000 shares authorized:      |   |   | - |   |   |   | - |   |
| par value $1.00; none issued and outstanding)    |   |   |   |   |   |   |   |   |
| Common stock (50,000,000 shares authorized;      |   |   |   |   |   |   |   |   |
| 800,000 shares issued & 725,000 outstanding) |   |   | 8,000 |   |   |   | 8,000 |   |
| Additional paid in capital                       |   |   | 3,000 |   |   |   | 3,000 |   |
| Accumulated deficit                              |   |   | (18,632 | ) |   |   | (16,422 | ) |
| Treasury stock (74,800 shares at cost)           |   |   | (23,025 | ) |   |   | (23,025 | ) |
|                                             |   |   |   |   |   |   |   |   |
| Total shareholders' deficit                      |   |   | (30,657 | ) |   |   | (28,447 | ) |
|                                             |   |   |   |   |   |   |   |   |
| Total Liabilities and Shareholders' Deficit      |   | $ | 4,043 |   |   | $ | 6,253 |   |
|                                             |   |   |   |   |   |   |   |   |

----

| KALEX CORP.                               |   |
|-------------------------------------------|--------|
| Statements of Operations                  |   |
| (Unaudited)                               |   |
|                                      |   |   |   |   |   |   |   |   |   |   |   |   |
|                                      |   |   |   |   |   |   |   |   |   |   |   |   |
|                                      |   |   |   |   |   |   |   |   |   |   |   |   |
|                                      |   | For the three months ended |   | For the six months ended |   |
|                                      |   | December 31 |   |   | December 31, |   |   | December 31 |   |   | December 31 |   |
|                                      |   | 2009 |   |   | 2008 |   |   | 2009 |   |   | 2008 |   |
|                                      |   |   |   |   |   |   |   |   |   |   |   |   |
| General and administrative expenses       |   | $ | 1,105 |   |   | $ | 1,447 |   |   | $ | 2,210 |   |   | $ | 1,098 |   |
|                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net loss                                  |   | $ | (1,105 | ) |   | $ | (1,447 | ) |   | $ | (2,210 | ) |   | $ | (1,098 | ) |
|                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Basic and diluted loss per share based on |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| 725,200 weighted average shares           |   | $ | (0.00 | ) |   | $ | (0.00 | ) |   | $ | (0.00 | ) |   | $ | (0.00 | ) |
| of outstanding stock                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

| KALEX CORP.                          |   |
|--------------------------------------|--------|
| Statements of Cash Flows             |   |
| (Unaudited)                          |   |
|                                 |   |   |   |   |   |   |
|                                 |   |   |   |   |   |   |
|                                 |   |   |   |   |   |   |
|                                 |   | For the six months ended |   |
|                                 |   | December 31, |   |   | December 31, |   |
|                                 |   | 2009 |   |   | 2008 |   |
| CASH FLOWS FROM OPERATING ACTIVITIES |   |   |   |   |   |   |
| Net loss                             |   | $ | (2,210 | ) |   | $ | (1,098 | ) |
|                                 |   |   |   |   |   |   |   |   |
| Decrease in Cash                     |   |   | (2,210 | ) |   |   | (1,098 | ) |
|                                 |   |   |   |   |   |   |   |   |
| CASH BEGINNING BALANCE               |   |   | 6,253 |   |   |   | 8,450 |   |
|                                 |   |   |   |   |   |   |   |   |
| CASH ENDING BALANCE                  |   | $ | 4,043 |   |   | $ | 7,352 |   |
|                                 |   |   |   |   |   |   |   |   |

----

| KALEX CORP.                                      |   |
|--------------------------------------------------|--------|
| Balance Sheets                                   |   |
| (Unaudited)                                      |   |
|                                             |   |   |   |   |   |   |
|                                             |   |   |   |   |   |   |
|                                             |   |   |   |   |   |   |
|                                             |   | March 31 |   |   | June 30, |   |
|                                             |   | 2010 |   |   | 2009 |   |
|                                             |   |   |   |   |   |   |
| ASSETS                                           |   |   |   |   |   |   |
|                                             |   |   |   |   |   |   |
| Cash                                             |   | $ | 2,938 |   |   | $ | 6,253 |   |
|                                             |   |   |   |   |   |   |   |   |
| Total Assets                                     |   | $ | 2,938 |   |   | $ | 6,253 |   |
|                                             |   |   |   |   |   |   |   |   |
| LIABILITIES AND SHAREHOLDERS; EQUITY             |   |   |   |   |   |   |   |   |
|                                             |   |   |   |   |   |   |   |   |
| Due to related parties                           |   | $ | 34,700 |   |   | $ | 34,700 |   |
|                                             |   |   |   |   |   |   |   |   |
| SHAREHOLDERS' EQUITY                             |   |   |   |   |   |   |   |   |
|                                             |   |   |   |   |   |   |   |   |
| Preferred stock (100,000 shares authorized:      |   |   | - |   |   |   | - |   |
| par value $1.00; none issued and outstanding)    |   |   |   |   |   |   |   |   |
| Common stock (50,000,000 shares authorized;      |   |   |   |   |   |   |   |   |
| 800,000 shares issued & 725,000 outstanding) |   |   | 8,000 |   |   |   | 8,000 |   |
| Additional paid in capital                       |   |   | 3,000 |   |   |   | 3,000 |   |
| Accumulated deficit                              |   |   | (19,737 | ) |   |   | (16,422 | ) |
| Treasury stock (74,800 shares at cost)           |   |   | (23,025 | ) |   |   | (23,025 | ) |
|                                             |   |   |   |   |   |   |   |   |
| Total shareholders' deficit                      |   |   | (31,762 | ) |   |   | (28,447 | ) |
|                                             |   |   |   |   |   |   |   |   |
| Total Liabilities and Shareholders' Deficit      |   | $ | 2,938 |   |   | $ | 6,253 |   |
|                                             |   |   |   |   |   |   |   |   |

----

| KALEX CORP.                               |   |
|-------------------------------------------|--------|
| Statements of Operations                  |   |
| (Unaudited)                               |   |
|                                      |   |   |   |   |   |   |   |   |   |   |   |   |
|                                      |   |   |   |   |   |   |   |   |   |   |   |   |
|                                      |   |   |   |   |   |   |   |   |   |   |   |   |
|                                      |   | For the three months ended |   | For the nine months ended |   |
|                                      |   | March 31 |   |   | March 31, |   |   | March 31 |   |   | March 31, |   |
|                                      |   | 2010 |   |   | 2009 |   |   | 2010 |   |   | 2009 |   |
|                                      |   |   |   |   |   |   |   |   |   |   |   |   |
| General and administrative expenses       |   | $ | 276 |   |   | $ | 412 |   |   | $ | 3,315 |   |   | $ | 1,647 |   |
|                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net loss                                  |   | $ | (276 | ) |   | $ | (412 | ) |   | $ | (3,315 | ) |   | $ | (1,647 | ) |
|                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Basic and diluted loss per share based on |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| 725,200 weighted average shares           |   | $ | (0.00 | ) |   | $ | (0.00 | ) |   | $ | (0.00 | ) |   | $ | (0.00 | ) |
| of outstanding stock                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

| KALEX CORP.                          |   |
|--------------------------------------|--------|
| Statements of Cash Flows             |   |
| (Unaudited)                          |   |
|                                 |   |   |   |   |   |   |
|                                 |   |   |   |   |   |   |
|                                 |   |   |   |   |   |   |
|                                 |   | For the nine months ended |   |
|                                 |   | March 31, |   |   | March 31, |   |
|                                 |   | 2010 |   |   | 2009 |   |
| CASH FLOWS FROM OPERATING ACTIVITIES |   |   |   |   |   |   |
| Net loss                             |   | $ | (3,315 | ) |   | $ | (1,647 | ) |
|                                 |   |   |   |   |   |   |   |   |
| Decrease in Cash                     |   |   | (3,315 | ) |   |   | (1,647 | ) |
|                                 |   |   |   |   |   |   |   |   |
| CASH BEGINNING BALANCE               |   |   | 6,253 |   |   |   | 8,450 |   |
|                                 |   |   |   |   |   |   |   |   |
| CASH ENDING BALANCE                  |   | $ | 2,938 |   |   | $ | 6,803 |   |
|                                 |   |   |   |   |   |   |   |   |

----