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      **UNITED STATES
        SECURITIES AND EXCHANGE COMMISSION
        Washington, D.C. 20549**
      **FORM
        10K**
      **[X] ANNUAL
        REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
        OF 1934**
      or
      For the fiscal year
        ended **October
        31, 2009**
      **[ ] TRANSITION REPORT PURSUANT
        TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**
      For the transition period from to
      Commission file number 001 34107
      **SPENCE
        - LINGO & COMPANY LTD.**
      (Exact name of Registrant as specified
        in its charter)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
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|**Georgia**State or other jurisdiction of incorporation or organization                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
|**656
        Bellemeade Avenue Suite A Atlanta, GA**(Address of principal executive offices)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|Registrant’s
      telephone number, including area code                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|Securities registered pursuant
      to Section 12(b) of the Act :                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|Title
        of each class **Common Share Class A**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|Securities registered
      pursuant to section 12(g) of the Act 
      None This registration statement does not include exemptions                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|(Title
        of class)
        (Title of class)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|Indicate
      by check mark if the Registrant is a well known seasoned issuer, as defined
      in Rule 405 of the Securities Act. **Yes No X** Indicate by check mark if the Registrant
      is not required to file reports pursuant to Section 13 or Section 15(d)
      of the Act. **Yes No X**Note Checking the box above will not relieve
      any Registrant required to file reports pursuant to Section 13 or 15(d)
      of the Exchange Act from their obligations under those Sections.Indicate by check mark whether the Registrant
      (1) has filed all reports required to be filed by Section 13 or 15(d) of
      the Securities Exchange Act of 1934 during the preceding 12 months (or for
      such shorter period that the Registrant was required to file such reports),
      and (2) has been subject to such filing requirements for the past 90 days.
      **Yes X No**Indicate by check mark whether the
      Registrant has submitted electronically and posted on its corporate Web
      site, if any, every Interactive Data File required to be submitted and posted
      pursuant to Rule 405 of Regulation ST (§ 232.405 of this chapter) during
      the preceding 12 months (or for such shorter period that the Registrant
      was required to submit and post such files). **Yes
      No X**Indicate by check mark if disclosure
      of delinquent filers pursuant to Item 405 of Regulation SK (§ 229.405
      of this chapter) is not contained herein, and will not be contained, to
      the best of Registrant’s knowledge, in definitive proxy or information
      statements incorporated by reference in **Part III** of this Form 10K or any
      amendment to this Form 10K**** **N/A**
|Indicate
      by check mark whether the Registrant is a large accelerated filer, an accelerated
      filer, a non accelerated filer, or a smaller reporting Company. See the
      definitions of “large accelerated filer,” “accelerated
      filer” and “smaller reporting Company” in Rule 12b2 of
      the Exchange Act                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             

|Larger accelerated
      filer ***No***
      Non accelerated filer ***No***                                                        | Accelerated
      filer***No*** Smaller reporting Company **X**
|----------------------------------------------------------------------------------------------------------------------------------- | ---------------------------------------------------------------
|Indicate
      by check mark whether the Registrant is a shell Company (as defined in Rule
      12b2 of the Act). **Yes No** **X**

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|State
          the aggregate market value of the voting and nonvoting common equity
          held by non affiliates computed by reference to the price at which the
          common equity was last sold, or the average bid and asked price of such
          common equity, as of the last business day of the Registrant’s
          most recently completed second fiscal quarter.*This Registrant is majority owned by affiliate FreedomTree Mutual Funds
      and Asset Management, LLC and therefore, pursuant to this Form 10-K item,
      disclosure of market value of outstanding voting stock is superfluous.*
|*Title of Share**Common Share Class A*                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|Note.—If
            a determination as to whether a particular person or entity is an
            affiliate cannot be made without involving unreasonable effort and
            expense, the aggregate market value of the common stock held by non
            affiliates may be calculated on the basis of assumptions reasonable
            under the circumstances, provided that the assumptions are set forth
            in this Form.                                                                                                                                                                               
|APPLICABLE
        ONLY TO REGISTRANT INVOLVED IN BANKRUPTCY

        PROCEEDINGS DURING THE PRECEDING FIVE YEARS                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|Indicate
          by check mark whether the Registrant has filed all documents and reports
          required to be filed by Section 12, 13 or 15(d) of the Securities Exchange
          Act of 1934 subsequent to the distribution of securities under a plan
          confirmed by a court. **Yes No X**                                                                                                                                                                                                                                                                                                                  
|(APPLICABLE
        ONLY TO CORPORATE REGISTRANT)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|Indicate the number
      of shares outstanding of each of the Registrant’s classes of common
      stock, as of the latest practicable date.*October 31, 2009 Common Share Class A: 16, 800,000 million outstanding
      $0.000001 par value*                                                                                                                                                                                                                                                                                                                                                                                
|DOCUMENTS
        INCORPORATED BY REFERENCE                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|List
          hereunder the following documents if incorporated by reference and the
          Part of the Form 10K (e.g., **Part I**, **Part II**,
          etc.) into which the document is incorporated: (1) Any annual report
          to security holders; (2) Any proxy or information statement; and (3)
          Any prospectus filed pursuant to Rule 424(b) or (c) under the Securities
          Act of 1933. The listed documents should be clearly described for identification
          purposes (e.g., annual report to security holders for fiscal year ended
          December 24, 1980).               

|1.*Georgia Life/Health
      Concepts* (9th ed.). (2001).Indianapolis, IN:Bisys Education Services.                                                                                                | **Part I**                       
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ---------------------------------
|2. Swiss Re, sigma. (2009). *World
      insurance in 2008 life premiums fall in the industrialized countries*                                                                                     | **Part I**                       
|*strong growth
        in the*e*merging markets Statistical appendix*(No 3/2009)*.*
        [Brochure *data update*]. Zurich, Switzerland: Schweizerische RuckversicherungsGesellschaft
        AG |                                  
|3. Miller, J., Prosser, K., &
      Burak, M. (Eds.). (2000).*Passtrak Series 7 General Securities*                                                                                                | **Part I**                       
|*Representatives*(11th ed.). United States of America.                                                                                                                                             |                                  
|4.*Overview and History of
      the OTCBB*. (n.d.) Retrieved November 21, 2009.                                                                                                                   | **Part
        II**              
|from http://www.otcbb.com/aboutOTCBB/overview.stm#2a
        bouthistory                                                                                                                           |                                  
|5. Kimmel, P.D., Weygandt, J.J.,
      & Kieso, D. (2007). *Financial Accounting: Tools for business*                                                                                              | **Part
        II**              
|*Decision Marking*(4th ed.)*.*New Jersey: John Wiley & Sons, Inc.                                                                                                                                  |                                  
|6. BigChart.com. (2009). *Nasdaq
      OTC Index Other Financial OFIN,*December 1, 2009 [Chart].                                                                                                   | **Part
        II**              
|Available from MarketWatch.com
        Web site, http://www.marketwatch.com                                                                                                                        |                                  
|7. BigChart.com. (2009). *Nasdaq
      OTC Index Insurance INSR,*December 1, 2009                                                                                                                  | **Part
        II**              
|[Chart]. Available
        from MarketWatch.com Web site, http://www.marketwatch.com                                                                                                               |                                  
|8. BigChart.com. (2009). *eHealth
      Inc NASDAQ GM: EHTH,*December 1, 2009                                                                                                                      | **Part
        II**              
|[Chart]. Available from MarketWatch.com Web
          site, http://www.marketwatch.com                                                                                                             |                                  
|9. BigChart.com. (2009). *Donegal
      Group Inc NASDAQ GM: DGIC.A,*December 1, 2009                                                                                                              | **Part
        II**              
|[Chart]. Available
        from MarketWatch.com Web site, http://www.marketwatch.com                                                                                                               |                                  
|10. *Financial crisis of 20072009.
      (n.d.) .*Retrieved December 4, 2009, from                                                                                                                 | **Part
        II**              
|http://en.wikipedia.org/wiki/crash_of_2008                                                                                                                                                         |                                  
|11. *Graph Summary*, 2009.
      [Area Chart]. Retrieved from Statcounter Web site,                                                                                                                | **Part
        II**              
|http://www.statcounter.com                                                                                                                                                                         |                                  
|12. Berkshire Hathaway, Inc.
      (2009, March 2). *Form 10K Annual Report Pursuant to*                                                                                                           | **Part
        II**              
|*Section 13 or
        15(d) of the Securities Exchange Act of 1934.* Retrieved December
        7, 2009, from http://sec.gov/Archives/edgar/data/106                                              |                                  
|14. (2006). Peachtree Complete
      Accounting (2007) [Computer Software].Irvine, California:                                                                                                     | **Part
        II**              
|Sage Software SB,
        Inc.                                                                                                                                                                     |                                  
|15. (2001). Microsoft Excel (10.6850.6845)
      [Computer Software].                                                                                                                              | **Part
        II**              
|Redmond California:
        Microsoft Corporation.                                                                                                                                                 |                                  
|16. (2009). Bluebeam PDF Revu (Version 7.2.1)
      [ Computer Software]. Pasadena, California:                                                                                                    | **See
        embedded graphics**
|Bluebeam Software, Inc.                                                                                                                                                                            |                                  

|**Table
        of Contents****Part I**                                                                                    
|---------------------------------------------------------------------------------------------------------------------------
|Item 1. Business.                                                                                                          
|Item 1A. Risk Factors.                                                                                                     
|Item 1B. Unresolved Staff Comments.                                                                                        
|Item 2. Properties.                                                                                                        
|Item 3. Legal Proceedings.                                                                                                 
|Item 4. Submission of Matters to a Vote of Security Holders.                                                               
|**Part
        II**                                                                                                        
|Item 5. Market for Registrant's Common Equity, Related Stockholder
      Matters and Issuer Purchases of Equity Securities.
|Item 6. Selected Financial Data.                                                                                           
|Item 7. Management's Discussion and Analysis of Financial Condition
      and Results of Operations.                       
|Item 7A Quantitative and Qualitative Disclosures About Market Risk.                                                        
|Item 8. Financial Statements and Supplementary Data.                                                                       
|Item 9. Change in and Disagreements With Accountants on Accounting
      and Financial Disclosure.                         
|Item 9A Controls and Procedures.                                                                                           
|Item 9A(T) Controls and Procedures.                                                                                        
|Item 9B. Other Information.                                                                                                
|**Part III**                                                                                                               
|Item 10. Directors, Executive Officers and Corporate Governance                                                            
|Item 11. Executive Compensation.                                                                                           
|Item 12. Security Ownership of Certain Beneficial Owners and Management
      and Related Stockholder Matters.             
|Item 13. Certain Relationships and Related Transactions, and Director
      Independence.                                  
|Item 14. Principal Accounting Fees and Services.                                                                           
|Item 15. Exhibits, Financial Statement Schedules.                                                                          

|**Part
        I**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
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|Table of Contents                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|**Item
      1. 229.101 (Item 101) Description of business.**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|An
        overview of the general development of business is provided pursuant to
        Title 17 229.101(a)(1): Spence-Lingo & Company, Ltd ("The Firm",
        "Spence-Lingo", "the Company", "this Registrant")
        was incorporated on June 1, 2007 under the laws of the State of Georgia.
        The Firm regularly conducts business as "The FreedomTree Financial
        Group", "FreedomTree Financial,*The Agency*", "FreedomTree
        Stock Transfer & Clearing" and "FreedomTree Lending".
        Since the initial filing, The Firm's fiscal year start and end dates were
        shifted. The fiscal year will close annually October 31.
      This offering is a certificated issue,
        and stockholders are encouraged to apply their signature to each stock
        certificate upon receipt.
      Members of the public are able to read
        and copy any materials filed at the Securities and Exchange Commission's
        "the Commission" Public Reference Room at 100 F Street, NE.,
        Washington, DC 20549, on official business days during the hours of 10
        a.m. to 3 p.m. Members of the public may obtain information on the operation
        of the Public Reference Room by calling the Commission at 1-800-SEC-0330.
        The Commission maintains an Internet site that contains reports, proxy
        and information statements, and other information regarding issuers that
        file electronically with Commission located at http://www.sec.gov.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|Quarter
      1 (Q1) November 1 January 31                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|Quarter 2 (Q2)
      February 1 April 30                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|Quarter 3 (Q3)
      May 1 - July 31                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|Quarter
      4 (Q4) August 1 October 31                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|(2) This
        Registrant -
      (i) is not filing a registration
        statement on Form S1 or on Form 10 
        (ii is subject to the reporting requirements of section 13(a) and 15(d)
        of the Exchange Act of 1934
        (iii) and has received revenue from operations during each of the three
        fiscal years immediately before this filing.
      **FreedomTree Financial, The
        Agency**
      The primary business of the Firm acts
        as an independent insurance agency, offering annuities, life insurance,
        long term care insurance, disability income insurance and health insurance
        to individuals, small businesses and institutions. As a member of the
        American Agency system1, Spence-Lingo offers insurance products
        to more than 7 major insurance companies. The American Agency system is
        composed of independent and exclusive agencies who contract and employ
        agents to distribute products offered by a multitude of carriers.
      The worldwide insurance industry reported
        2008 premiums of 4.218 Trillion USD2, and we are excited to about the prospects for the new fiscal year.
      **FreedomTree Stock Transfer
        & Clearing**
      Since the Firm's initial Form 10 12B
        registration in the Summer of 2008, FreedomTree Tree Stock Transfer, an
        in house segment of The Firm, was granted registration by the the Commission.
        Spence-Lingo & Company, Ltd doing business as FreedomTree Stock Transfer
        completed FORM TA1 submission in July of 2008. As the sole stock transfer
        agent, FreedomTree Stock Transfer is charged with maintaining shareholder
        records for the the Firm's entire 18 Million Common Share issue as well
        as administrating cash dividends, stock dividends and stock splits.
      Stockholders' name, broker dealer,
        address and other pertinent details are cataloged on site at Company headquarters
        in Atlanta, Georgia. FreedomTree Stock Transfer, a recognized State of
        Georgia Third Party Administrator, operates in accordance to written internal
        risk management procedures which work to ensure client data is not corrupted,
        and shareholder information remains intact.
      **FreedomTree Clearing**,
        the internal securities reconciliation agent, directs the post trade functions
        of affiliate and control entity FreedomTree Mutual Funds and Asset Management,
        LLC, a Registered Investment Advisor ("FreedomTree Asset Management"
        "FAM") (SEE Item 5). Freedom Tree Asset Management is lead underwriter
        for The Firm's Common Share Class A issue and is seeking registration
        effectiveness status for its broker /dealer transactions.
      In addition to this common share issue,
        FAM will underwrite and distribute FreedomTree Mutual Fund's family of
        funds to individual investors beginning January 1, 2011, and we encourage
        industry professionals and institutions to contact us toll free at 877
        369 1889 to arrange partnership
      **FreedomTree Lending**is
        the newest segment of the FreedomTree Financial Group. Spence-Lingo has
        engaged the services of several ancillary loan brokers to offer debt infusions
        which are collateralized by the debtor's debit and/or credit card receipts
        or equipment.
|____________________________________________________________________________________                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|Table of Contents                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|**Item
      1A. 229.503(c) (Item 503) Prospectus summary, risk factors, and ratio of
      earnings to fixed charges.**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|As is required
        pursuant to Title 17 229.503(c) , provided here are the risk factors involved
        in this issue, Spence-Lingo & Company, Ltd, Common Share Class A
      **Capital Risk** Purchasers
        of this offering should be mindful of the rewards of long term investment
        attitudes3. Traders in the over the counter arena should be
        prepared to trade in thin markets where 1) buyers are limited and/or 2)
        where buyers may seek to purchase and sell at prices lower than your purchase
        price or the last quoted market price. Please know that Spence-Lingo and
        the specialized apparatus that supports the supply and delivery of its
        common share is committed to enduring market performance.
      **Timing Risk** Investors
        seeking a marked return should study their positions before selling. The
        alternative is selling at an unfortunate moment and realizing less returns
        than other investors on the street.
      **Reinvestment Risk**
        Considering the prospect of future dividends, selling shares in order
        to reinvest proceeds in another company's issue may possibly net lower
        returns than what were previously realized while holding shares of this
        Registrant.
      **Market Risk** The peaks
        and troughs of share prices are sometimes unrelated to a corporation's
        internal operational performance. Prospective shareholders of this issue
        should understand the immense powers that large institutional dealers
        and brokers have on blocks of securities which they may possibly sale
        at prices lower than even their own acquisition costs or in clearer terms,
        selling losses to reduce income tax liabilities.
      **Liquidity risk** This
        equity offering is generally marketable, although certain aspects of other
        securities such as dividend and interest history may make this offering
        less attractive to your potential buyers.
      Presented here pursuant to Title 17
        229.503(c)(3) A statement of Financial Position**Graphic 1. Balance Sheet for Fiscal Year Ending October 31, 2009**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|**Graphic
        2. Statement of Retained Earnings for Fiscal Year Ending October 31, 2009**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|____________________________________________________________________________________                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|Table of Content                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|**Item
      1B. Unresolved Staff Comments.**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|On June 27,
        2008 the Commission made mention of several deficiencies of the original
        June 23, 2008 filing (TEXT). The Commission noted in item 1) of that letter
        that the 10 12B filling was unnecessary because the Over the Counter Bulletin
        Board ("OTC BB") is not a national exchange and does not carry
        Form 10 filing requirements. Item 1) of the letter also pointed out that
        the June 23, 2008 filing indicated 12(g) exempt issues. In Item 2) the
        Commission indicated that the June 23 filing did not contain audited financial
        statements as is required by Item 13 of Form 10 General form for registration
        of securities pursuant to Section 12(b) or (g). Item 3) asked that a revision
        be made in order to disclose more detailed information regarding the Firm's
        business segments, products, revenue and anticipated development. Item
        4) requested that the signature page conform to Form 10. The Commission
        asked that a substantive amendment be submitted to correct the registration
        statement.
      On August 4, 2008 the Commission made
        another series of responses to the June 23, 2008 filling. This letter,
        once again, stated that the Firm should seek 12G registration status instead
        of 12B
      The Firm transmitted another filing
        on July 22, 2008 (HTML). In response to the Commission's June 27, 2008
        letter's item 3) and 4), the July 22, 2008 filing included more substantive
        descriptions of Company products and also included a correctly formatted
        signature clause. Also, Company chief executive Jermaine E. Spence prepared
        a letter dated September 4, 2008 which responded to the Commission's June
        27, 2008 letter item 1) and 2). In that letter Mr. Spence asserted that,
        in response to item 1), OTCBB issues require Commission registration and
        periodic federal oversight however the Pink Sheets do not. In response
        to item 2) Mr. Spence called to attention the Firm's book value which
        is below the book value requirement for a 12G filing, illustrating that
        the Firm does not seek 12G registration status.
      In regards to the Commission's June
        27 letter item 2), the financial statement presented in the June 23 filing's
        Item 13 229.302 (Item 302) (c) was entered although it is not required
        that this Registrant at the time of the June 23 or July 22 filing present
        financial information for Form 10 ITEM 13 nor is it required for that
        financial information to be audited because Spence-Lingo is defined as
        a smaller reporting company as is defined by Title 17 229.10(f)(1).
      Furthermore, as is laid forth, in Title
        17 229.10(f)(2) Determination: Spence-Lingo remained a smaller reporting
        Company for the period immediately following June 23, 2008 and for fiscal
        year starting November 1, 2008 and ending October 31, 2009.                                                                                                                                                                                                                                                                                                                                                                                      
|____________________________________________________________________________________                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|Table of Contents                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|**Item
      2. 229.102 (Item 102) Description of property.**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|The
      Firm's principal physical address is a rented unit located at 656 Bellemeade
      Avenue Suite A Atlanta, GA 30318. The grounds are secured, and there are
      no incidents of theft involving the Firm's unit since occupancy began in
      August 2004. All segments of the Firm are housed at this Atlanta location.
      *All written correspondence should be directed to*POST OFFICE BOX
      4421 Atlanta, Georgia 30302-4421                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|____________________________________________________________________________________                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|Table of Contents                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|**Item
      3. 229.103(Item 10) Legal Proceedings**.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|(a)
        There are no pending proceedings involving the Firm, including ordinary
        routine litigation incidental to the business, to which this Registrant
        or any of its subsidiaries are a part or of which any of their property
        is the subject. 
        (b) There is no reportable information relating to terminated litigation
        involving the Firm.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|____________________________________________________________________________________                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|Table of Contents                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|**Item
        4. Submission of Matters to a Vote of Security Holders**.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|There
      are no reportable disclosures relating to: (a) meetings, either annual or special purpose
        (b) meetings involving the election of directors
        (c) shareholders voting for a balloted Company matter at a meeting or
        voting conducted in a manner other than at a meeting
        (d) settlements between this Registrant and any other participant                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
|____________________________________________________________________________________                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|**Part
        II**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
|Table of Contents                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|**Item 5. 229.201 (Item 201) Market price of and dividends on the
      Registrant's common equity and related stockholder matters.**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|(a) *Market Information*
      (1)(i) The principal United States
          market for this securities will be the OTCBB. As an automatic electronic
          quotation system, the OTCBB helps to maintain a reliable distribution
          of truthful last sale and quotation information. According to the systems
          web page more than 3,300 securities trade by way of 230 participating
          market makers4 .
        The Common Share Class A offering
          began as a Regulation D Private Placement in May of 2008. Regulation
          D equity transactions are not subject to Commission oversight and do
          not follow registered equity settlement settlement procedures. This
          common share offering is also available via share purchase agreements.
          Please inquire at toll free 877 369 1889. Detailed below is information
          relating to share price history as well as relevant majority ownership
          information. The Private Placement and Red Herring3 offering
          help to move 16.8 million shares outstanding leaving 1.2 million un
          issued. Although there was no increase or decrease in trading price,
          share price will be $14.00 per share on the effective date of this registration
          statement.
        A report of price history pursuant
          to section Title 17 229.201(a) (1)(i) is unavailable because:
        (ii) these shares are not quoted
          on a national exchange, (iii) high and low ask, bid and sale prices
          were not posted to an automated quotation system.
      Price history below includes pricing
        during the Regulation D and Red Herring periods.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              

|   |                | Fiscal
        Year 2008, ending October 2008 |                | Fiscal
        Year, ending October 2009
|-- | -------------- | --------------------------------------------- | -------------- | ----------------------------------------
|   | High           | Low                                           | High           | Low                                     
|Q3 | $0.00000617284 | $0.00000617284                                |                |                                         
|Q4 | $0.00000617284 | $0.00000617284                                |                |                                         
|Q1 |                |                                               | $0.00000617284 | $0.00000617284                          
|Q2 |                |                                               | $0.00000617284 | $0.00000617284                          
|Q3 |                |                                               | $0.00000617284 | $0.00000617284                          
|Q4 |                |                                               | $0.00000617284 | $0.00000617284                          

|(iv) this filing does not contain shares
          of a foreign Registrant. In addition, pursuant to section Title 17 229.201
          (v) pricing information for this Form 10K is not being provided as a
          statement under the Securities and Exchange Act of 1933 or for registration
          of an acquisition, reorganization or business combination.
      Pursuant to Title 17 Section 229.201(a)
        (2) information contained in this section and the preceding section (a)(1)
        relating to this Class A Common Share offering
      (i) is not subject to outstanding options
          or warrants to purchase, or securities convertible into, common equity
          of this registration;
          (ii) can not be sold pursuant to Title 17 230.144
          (iii) is not being, or was publicly proposed to be, publicly offered
          by the Registrant. All disclosures in this section and the proceeding
          section (a)(1) are concerning securities which are "live"
          in nature and where a sale was executed.
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(b) *Holders*
        (1) Below is listed the approximate number of holders of each class of
        common equity of the Registrant
|------------------------------------------------------------------------------------------------------------------------------------
|                                                                                                                                    
|**Title
        of Class of Common**                                                                                                
|A                                                                                                                                   
|                                                                                                                                    

|(2) The information
      presented in 229.201 section (b)(1) is not presented being presented due
      to proxy statements, an acquisition, business combination, merger, or other
      reorganization.                                                                                                                                                                                                                 
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|However, with
      respect to the Securities and Exchange Act Section 13(d)(3) information
      is reported below concerning the beneficial ownership of more than 5 percent
      of Class A. Information below includes (i) any person or group that is termed
      as a beneficial owner and their proportionate change in ownership not due
      to the acquisitions, business combination or other reorganization.
|                                                                                                                                                                                                                                                                                                                                                                                                                           

|**(1)
      Title of class** | **(2) Name and address
      of beneficial owner**                                                                   | **(3) Amount and
      nature of beneficial ownership** | **(4) Percent of
      class**                                                         
|---------------------------- | -------------------------------------------------------------------------------------------------------------------- | ------------------------------------------------------- | ---------------------------------------------------------------------------------------
|Common Share Class A         | **FreedomTree
      Mutual Funds and Asset Management LLC**
      P.O. Box 4421
      Atlanta,GA 30302               | 16,200,000                                              | 90% pending
        secondary issue of 5.4 million shares resulting in 60-70% ownership
|Common Share Class A         | **人81
        Black Men of America & The Missionaries**656 Bellemeade
        AvenueSuite A
        Atlanta,GA 30318 | 600,000 (3.333%)                                        | ___
      (3.333% <5%) Trading securities 5
      therefore not beneficially owned.    

|                                                                                                                                                                                                                                                                          
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|There is no
      relevant disclose of information related to ownership by (ii) any director
      or nominee or (iii) a group of directors and officers in partnership. There
      are no present commitments to such person with respect to Common Share Class
      A.

|(c) *Dividends*.
      (1) There were no dividends
        declared on any class of Common Share(2) This Registrant Spence-Lingo & Company, Ltd intends to
        pay cash dividends in impending periods. The graph below displays the
        Firm's dividend schedule. Post quarterly announcements will be made by
        way of the Commission's EDGAR filing system as to the existence or amount
        of dividend payments.
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|                                                                                                                                                                                                                                                                                                                                                                                                                                       
|Q1                                                                                                                                                                                                                                                                                                                                                                                                                                     
|Q2                                                                                                                                                                                                                                                                                                                                                                                                                                     
|Q3                                                                                                                                                                                                                                                                                                                                                                                                                                     
|Q4                                                                                                                                                                                                                                                                                                                                                                                                                                     
|                                                                                                                                                                                                                                                                                                                                                                                                                                       
|(d) 1 There
      are no equity compensation plans in use for this Registrant.                                                                                                                                                                                                                                                                                                                                                         
|                                                                                                                                                                                                                                                                                                                                                                                                                                       

|**Equity
        Compensation Plan Information**                        
|------------------------------------------------------------------------
|Plan
        category                                                   
|                                                                        
|(1)(i) Equity compensation
      plans approved by security holders     
|(1)(ii) Equity compensation
      plans not approved by security holders

|(3) There is
      no reportable disclosure for equity compensation plans which were executed
      without the approval of security holders for this Registrant in use at the
      close of the most recent fiscal year.                                                          
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|                                                                                                                                                                                                                                                                                    
|(e) *Performance
      graph* (1) relating to the yearly percentage change in this Registrant's
      cumulative total shareholder return is not available as there were no change
      in share price nor were their cash or stock dividends paid.                                
|Information
      provided below is provided pursuant to Title 17 229.201(e)(i-ii[A-C]) except
      that the illustrations does not contain calculations involving reinvestment
      of dividends.                                                                                
|(i) 
        SEE displayed below: The cumulative total return of a broad equity market
        index assuming reinvestment of dividends, that includes companies whose
        equity securities are traded on the same exchange or are of comparable
        market capitalization;

| | The
        adjacent graph is of the Nasdaq OTC Index - Other Financial OFIN6**Closing Price - 12/1/2009 3,552.19**
        Prior year Closing Price  -  2,401.11$ +/-+1,151.08 % +47.935
        %
| | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(ii) SEE
      displayed below: The cumulative total returns, assuming reinvestment of
      dividends, of:
      (A) A published industry or line-of-business index
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------
|                                                                                                                                                                    

|(B) SEE
      displayed below: Peer issuer(s) selected in good faith.                                                                                                                                                                                                                                                                                                                                                                                                        
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|(C) SEE
      displayed below: Issuer(s) with similar market capitalization(s), but only
      if the Registrant does not use a published industry or line-of-business
      index and does not believe it can reasonably identify a peer group. If the
      Registrant uses this alternative, the graph shall be accompanied by a statement
      of the reasons for this selection. Graph is presented although a preceding
      chart industry representations was made.
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                             

|**229.701 (Item
      701) Recent sales of unregistered securities; use of proceeds from registered
      securities.**                                                                                                                                                                        
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Furnished below is a table
      displaying pertinent information regarding sales of unregistered securities
      of this Registrant during Fiscal year from November 1, 2008 to October 31,
      2009. For purposes of this section 'unregistered' shall mean Red Herring
      transactions
|(a)                                                                                                                                                                                                                                                                                            
|Securities sold                                                                                                                                                                                                                                                                                
|(b)                                                                                                                                                                                                                                                                                            
|Underwriters and other Purchasers                                                                                                                                                                                                                                                              
|(c)                                                                                                                                                                                                                                                                                            
|Consideration                                                                                                                                                                                                                                                                                  
|(d)                                                                                                                                                                                                                                                                                            
|Basis for exemption                                                                                                                                                                                                                                                                            
|(e)                                                                                                                                                                                                                                                                                            
|Terms of conversion or exercise                                                                                                                                                                                                                                                                
|(f)                                                                                                                                                                                                                                                                                            
|Use of Proceeds                                                                                                                                                                                                                                                                                

|229.703 Purchases of
      equity securities by the issuer and affiliated purchasers furnished in Tabular
      format (a) and (b)(1) through (b)(4)
|----------------------------------------------------------------------------------------------------------------------------------------------------
|Period                                                                                                                                              
|Month #1 February 1 April
      30, 2009                                                                                                            
|Month #2 May 1 July 31, 2009                                                                                                                        
|Month #3 August 1 October
      31, 2009                                                                                                            

|____________________________________________________________________________________
      Table of Contents
      **Item 6. 229.301 (Item 301) Selected Financial Data**
      This Registrant Spence-Lingo
        is a smaller reporting Company and is therefore not required to provide
        the information requested by Title 17 Item 229.301(a) fiscal data for
        the last five years or (b) additional fiscal years as is necessary to
        prevent misleading reports.
      ____________________________________________________________________________________
      Table of Contents
      **Item 7. 229.301 (Item 303) Management's discussion and analysis of financial
        condition and results of operations.**
      (a) Spence-Lingo is proud to disclose
        that it has no long term debt obligations such as revolving or non revolving
        credit lines. For the fiscal year starting November 1, 2008 through October
        31, 2009 operational income was less than desired. We believe that income
        from operations will be negligible for fiscal year November 1, 2009 through
        Q2 ending April 30. Once the Commission grants an effectiveness order
        for the filing, trading will commence, resulting in additional proceeds
        for use in completing the Company's master plan.
      (1) *Liquidity*: The FreedomTree
          Financial Group realizes the advantages of operating as a model financial
          services Company. The Company's operations largely consisted of the
          sale of external financial products and the collection of proprietary
          fees. Small business lending remained the most requested product as
          was the case during the preceding fiscal year. Cash flows for the fiscal
          year ending October 31, 2009 involved investments in equipment and long
          lived intangibles. Recurring expenses for the long term included fixed
          expenditures for world wide web site domain registration and hosting
          as well as annual renewal payments made to the State of Georgia to maintain
          the Firm's insurance agency and agent license and third party administrator
          registration exemption status as well as filing expenditures allotted
          to the Georgia Secretary of State. Regular and variable demands included
          telecommunication services for the toll free number, allowing incoming
          calls for the entire United States and cash outflows for the 24 hour
          and two way facsimile service.
      **Graphic 7. Statement of Cash
        Flows for Fiscal Year ending October 31, 2009**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------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                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|(2) *Capital resources*:
            As apart of the Company's financing activities we will be purchasing
            income instruments to provide for the compensation of salaried and
            commission only sales representatives. This Common Share Class A offering
            is tantamount to the Company's financing activities. The resources
            of the completed OTCBB offering will be invested in plant infrastructure
            which will include the construction of The Firm's Georgia headquarters,
            acquisition of technological upgrades for Company inner office intranet
            and the onsite storage facility.
          (i) *Material commitments
              for capital expenditures*: Per the Company's master plan, Spence-Lingo
              intends to construct a home office campus in Georgia. The proposed
              site will contain storage facilities for Company records and the
              physical custody of assets and parking decks for client visits.
              We will be employing 70 representatives at the Georgia sales site
              which will be more than 111,000 square feet. Each representative
              will receive a yearly expense allowance of $10,000 and will be contracted
              to produce 20,000 in commission receipts.
            
            In 2012 expansion plans based on
            the Atlanta complex will include sales offices in San Francisco, California,
            Chicago, Illinois, Houston Texas and Boston, Massachusetts. We also
            intend to purchase real estate for use as marketing support offices
            in Albany, Georgia, Hawaii and Hampton, Roads Virginia.
            (ii) The selling price of this
              Class A offering per common share is a pivotal aspect of gathering
              enough resources to complete the master plan. With 1.2 million shares
              available for purchase each share in the primary OTCBB market will
              sale at or above $14.00.
          (3) *Results of operations*:
            Immediately following the market crash of 200810,
            management turned their focus to protecting the company's title to
            its assets through implementing stricter cash controls, designing
            failsafe systems for software and hardware systems and obtaining additional
            contracts with Baltimore Life Insurance Company, a Maryland insurance
            carrier.
          The company is delighted to announce
            that it is continuing its selling agreement with Time Insurance Company,
            Assurant Health. With 2008 revenues of $8.601 billion Assurant Health
            underwrites and issues several varieties of insurance including group
            and individual health insurance. Spence-Lingo is able to offer Assurant's
            product suite to consumers with no additional markups than if sold
            directly from their regional offices.
          The benefit to the consumer is
            that they gain access to a local, licensed agent who is a point of
            entry for not only insurance products but securities and investment
            retirement guidance as well. Spence-Lingo has executed selling agreements
            with the following insurance carriers:
          Allianz Life Insurance Company
              of North America
            Baltimore Life Insurance Company
              (THE)
            Berkshire Life Insurance Company
              of America
            Guardian Life Insurance Company
              of America
            ING USA Annuity and Life Insurance
              Company
            Pruco Life Insurance Company
            Time Insurance Company
            West Coast Life Insurance CompanyThe company chose not to renew its
            selling agreement with American International Group.
          (i) As operational experience
              dictates prompt payment of commission proceeds from an insurance
              carrier in consideration of this agency's collection of premiums
              is a reliable qualifier for a long term business relationship. Thusly
              the industry and professional ratings of the carriers are important
              talking points through out the sales process. Spence-Lingo distributes
              insurance products primarily face to face although telesales are
              allowable.
            At present Spence-Lingo does
              not offer in house insurance or annuity contracts. To mitigate possible
              risks to client assets the Firm is exploring the addition of an
              annuity company. The annuity company will offer a tax sheltered,
              guaranteed income savings medium to participants.
            Secondly, the Company continues
              to invest resources into its advertising campaigns. With the use
              of several marketing and lead generation sources including FreedomTreeFinancial.com,
              local business directories and periodic promotions, targeted electronic
              and postal mail, Spence Lingo generated 2.95 new account inquiries
              via the web portal per day starting November 2008. Consumer response11 peaked in May of 2009.
        **Graphic 811 Unique
          Visits**
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|(ii) Increases in sales
          and revenue will depend largely on the recruitment and retention of
          sales representatives. Preliminarily, in perhaps Q2, the company will
          see an increase in revenue due to investments in short term and long
          term fixed maturity instruments.
        (iii) There were no material
          increases in net sales or revenues for this Registrant for fiscal year
          ending October 31, 2009.
          (iv) Inflation and changing prices has had no impact on this Registrant's
          net sales or revenues. 
          Related expenses are disclosed in the diagram below and are arranged
          by amount in the order of greatest to least.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     

|**Spence-Lingo
        Expense Profile for fiscal year ending Nov 1 Oct 31, 2009**
|----------------------------------------------------------------------------------
|Rank                                                                              
|1                                                                                 
|2                                                                                 
|3                                                                                 
|4                                                                                 
|5                                                                                 
|6                                                                                 
|7                                                                                 
|8                                                                                 
|9                                                                                 
|10                                                                                

|**Graphic 9.Income
      Statement**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|(4) *Off balance
          sheet arrangements*.(i) In October of 2008 just prior to the start
          of the 2008-2009 Fiscal Year, the Firm's management explored secured
          credit line solutions in order to establish credit ratings for the corporation.
          Secured credit accounts require a cash deposit made to the creditor
          which remain in custody with the creditor as collateral in the event
          of default. The credit limit or maximum is determined by the initial
          cash deposit and any other prepayments.
      (A) As was put forth in
        the preceding section (a)(4)(i) off balance sheet activities were limited
        by type and magnitude and pertained to this secured credit card account.
        The balance due was less than five hundred ($500.00);
        (B) In exploring financing options for the Company's
        operations, the management team sought to establish a lending profile
        without exposing the Company's good name to fraudulent activity. The secured
        credit card and balance limits were immaterial to the operation of the
        company, including expenses, investment activities in inventory and property,
        plant and equipment. 
        (C) The secured account produced a cash outflow of $188.89 which upon
        further analysis was composed mostly of interest expenses and bank penalties.
        At present the account is inactive and not available for use towards purchases.
        There are no events which are reasonably likely to produce further obligations
        or liabilities, including those of the contingent variety.
        (D) The secured credit line arrangement is subject to the terms and conditions
        set forth by the creditor. Consequently the account was terminated in
        October 2009. There are no further reportable disclosures, demands, commitments,
        trends or uncertainties concerning this off balance sheet arrangement.
      *(5) Tabular disclosure of
        contractual obligations.*

|Contractual
        obligations                                                              | Payments
        due by period | 35
        years | More
        than 5 years
|-------------------------------------------------------------------------------------------- | ------------------------------ | ---------------- | -------------------------
|Total                                                                                        | Less
        than 1 year       | 13
        years
|[Long Term Debt Obligations]                                                                 | 0                              |                  |                          
|[Capital
        Lease Obligations]                                                          | 0                              |                  |                          
|[Operating
        Lease Obligations]                                                        | 0                              |                  |                          
|[Purchase
        Obligations]                                                               | 0                              |                  |                          
|[Other Long Term Liabilities
        Reflected on the Registrant's Balance Sheet under GAAP] | 0                              |                  |                          
|Total                                                                                        | 0                              |                  |                          

|(b) *Interim periods.
          This registration statement does not include financial statements containing
          interim periods. There are no reportable material details to be disclosed
          (1) concerning interim financial statements which illustrate changes
          in financial condition nor are there any reportable disclosures to be
          made (2) concerning interim financial statements and material changes
          in results of operations or causes thereto.*
      ____________________________________________________________________________________
      Table of Contents
      **Item
        7A. 229.305 (Item 305) Quantitative and Qualitative Disclosures About
        Market Risk.**
      *Quantitative information
        about market risk. (1))(i)(A)(1)* The Firm's asset mix does not contain
        trading securities. Undoubtedly securities held for trading or available
        for sale could potentially produce losses, and any changes relevant to
        this item will be disclosed in a timely manner. Therefore supplying hypothetical
        portfolio scenarios containing trading and non trading securities and
        pertinent risk assessments across multiple risk categories is, at this
        time, not required.
      Information disclosed within this section
        is concerning this registration statement and the Company's Common Share
        Class A issue.
      *Background*: The June 2008
        initial filing was completed in order to introduce the Firm to prospective
        buyers. The Firm made use of several internal controls to complete this
        and other financial reports We find that utilizing internal controls 12and periodic audits of cash and vendor ledgers help operations
        to occur in an efficient fashion.
      Although there are many investment
        choices available to individual investors and institutions, choosing Spence-Lingo
        carries many risks as is previously outlined in Item 1A. 229.503(c). The
        figures in the chart below contain forward looking statements concerning
        the market performance of this Registrant's equity securities. The fiscal
        year returns displayed in this chart begins in the November following
        one year from the date of effectiveness granted by the Securities and
        Exchange Commission for this filing.
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|Title
      of Share | Coefficient
      Alpha | Coefficient
      B
|-------------------- | ----------------------- | -------------------
|Common Share Class A | 1.02                    | .99                

|Purchasing
        securities of various maturities, investment rating, geography, instrument
        type and industry all work to mitigate risk. Optimally the Company hopes
        that the mechanisms that supports the distribution of its equity provides
        for a fluid trading atmosphere where there is a buyer for every willing
        seller.
      ____________________________________________________________________________________
      Table of Contents
      **Item 8. 229.302 (Item 302) Financial Statements and Supplementary Data**
      (a) *Selected quarterly
        financial data.* (1) Disclosure in this section is made for net sales,
        gross profit, income and Earnings per share data for all quarters in the
        two most recent fiscal years beginning November 1, 2007October 2008 and
        November 1, 2008 October 2009.
      **Graphic
        10 Quarterly Earnings Statement for Fiscal Year Ending October 31, 2009**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------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                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|***^**For values stated 'Not Applicable' this registrant had no outstanding
        shares On August 22, 2008, payment was received for 16,800,000 million
        shares. The weighted average of shares outstanding for May 1 July 31 was
        3,974,194, due to the impeding August 22, 2008 payment. The August 1-
        October 31 2008 entry includes the entire 16,800,000 outstanding lot.
        However the alternative weighted average calculation for August 1 October
        31 2008 included a denominator of 13,000,451.61 for the weighted average
        shares outstanding.*
      (2) This Registrant has not previously
        disclosed quarterly financial data or has it reported data which developed
        from a combination or merger.
      (3) In November 2007 this Registrant
        experienced an extraordinary item involving the theft and destruction
        of several for business use vehicles. Estimates of losses to property
        and equipment, income and capitalization range from $80,000 to $120,000.
        Substratal discovery hearings point to the State of Georgia's National
        Guard, United States' Army, Marine and Atlanta City Police officers being
        the perpetrators; litigation is pending.
      Due to this incident of vandalism,
        financial data for periods before November 1, 2007 are not included in
        calculations of per share data, retained earnings and other ratios presented
        in this Form 10-K filing. Moreover, as was stated in Item 1, the company
        was incorporated June 1, 2007, thusly revenue was not legally assigned
        to the corporation until October of 2008.
      Additionally, special attention should
        be taken for Quarter 3 and 4 of 2008. The Earnings per Share figures include
        the shares purchased for beneficial ownership by lead underwriter FreedomTree
        Asset Management. There were no extraordinary items to report for Q3 or
        Q4 of 2008 or 2009.
      (5) Information required of registrants
        filing pursuant to section 12(b) of the Securities and Exchange Act of
        1934
      (b)*Information about oil and gas
          producing activities*: This registrant is not engaged in oil and
          gas producing activities.
        ____________________________________________________________________________________                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|Table of Contents                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|**Item 9. 229.304 (Item 304(b)) Changes in and Disagreements with
      Accountants on Accounting and Financial Disclosure**.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|(a)(1) For this
        Registrant's most recent fiscal years there is no reportable disclosure
        regarding
      (i) the resignation, abdication
        or dismissal of any independent accountant. 
        (ii) accordingly there are no reportable discloses regarding adverse,
        qualified or modified opinions put forth by said 
        accountant.
        (iii) decisions to change accountants and the party from which the approval
        originated, including
        (A) an audit committee
            (B) Board of Directors
        (iv) disagreements with former accountants
          on any matter of accounting principles or practices, financial statement
          disclosure, or auditing scope or procedure occurring during the two
          most recent fiscal years which concerned subject matter warranting report.
          There are no descriptions reportable for
        (A) the details of such disagreement
            (B) whether or not the Board of Directors or the Board of Directors,
            discussed the subject matter of each of such disagreements with the
            former accountant
            (C) whether or not the former accountant is authorized by this Registrant
            to respond to successor accountant(s) concerning the subject matter
            of such disagreement and any limitation on that communication.
        (v) Included below are disclosures relating
          to specific aspects of this Registrant operations and accountant opinion.
        (A) There are no disclosures relating
            to accountant's adverse opinion of this Registrant's internal controls.
            (B) There are no disclosures relating to accountant's refusal to accept
            financial statements prepared by Company 
            management.
            (C) (1) There are no disclosures relating to accountant's need to
            expand the scope of his or her audit which may
          (i) produce material findings which
              alter the fairness or reliability of a previously issued audited
              report or the underlying financial statements.
              (ii) cause the accountant to become unwilling to rely on management's
              representations or be associated with the registrant's financial
              statements;
            (2) There are no disclosures relating
              to accountant's resignation (due to audit scope limitations or otherwise)
              which prevented said accountant from completing an expanded audit.
          (D) (1) There are no disclosures relating
            to an accountant having presently advised the registrant that information
            has come to the accountant's attention that may materially influence
            the fairness or reliability of either
          (i) a previously issued audit report
              or the underlying financial statements, 
              (ii) financial statements issued or to be issued covering the fiscal
              period(s) subsequent to an audit,
            (2) There are no disclosures
              relating to outstanding matters made known by former accountants
              concerning material information which have an impact on the fairness
              or reliability of audited reports and underlying financial statements.
      (2) There are no disclosures concerning
        new engagements with an independent accountant and this Registrant, new
        engagements with an accountant to audit a subsidiary of the registrant,
        disclosures relating to said accountant's reliance on principal accountant
        to audit this Registrant's financial statements or the date of such engagement.
      (i) There are no reportable disclosures
              relating to a newly engaged accountant's written report or oral
              advice made for
              application to a specified transaction, either completed or proposed.
              (ii) There are no reportable disclosures relating to a disagreement
              concerning this Registrant and a newly engaged accountant.
            (A) There are no reportable
                disclosures relating to financial matters that were the subject
                of consultation between said newly engaged accountant and this
                Registrant;
                (B) There are no reportable disclosures relating to the views
                of the newly engaged accountant as expressed in such written or
                oral consultation. There are no written disclosures to post as
                Exhibits.
                (C) There are no reportable disclosures relating to the consultation
                of the former accountant on matters related to the newly engaged
                accountant's oral or written opinion. 
                (D) There are no reportable disclosures relating to requests made
                to the newly engaged accountant to review this disclosure Item
                304(a) or requests made to the newly engaged accountant to prepare
                a letter addressed to the Commission.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|____________________________________________________________________________________                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|Table of Contents                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|**Item 9A. 229.307 (Item 307) Controls and Procedures**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|In accordance to
      Title 17 Item 229.307 and 240.13a15(e), this Registrant's principal executive
      and principal financial officers conclude that the disclosure controls regarding
      this report were sufficient in providing for a timely submission of the
      Company's financial statements and germane disclosures.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|**Item
      9A. 229.308T (Item 308T) Controls and Procedures**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|(a) *Management's
      annual report on internal control over financial reporting:* The following
      entries are made under Section 18 of the Securities and Exchange Act and
      Title 17 240.12a15(f) (1) The Company's management team has
          responsibly established and maintained adequate internal controls over
          financial reporting for this Registrant and is reporting the information
          below to be filed pursuant to Section 18 of the Securities and Exchange
          Act.
        **Reports prepared exclusively
            by the Chief executive officer**, and at present, submitted
            by way of the Commission's Electronic Data Gathering, Analysis and
            Retrieval (EDGAR). Correspondence sent to postal mail should be directed
            to the Company's post office box instead of the physical address in
            order to reduce the likelihood of theft.
          **Accuracy**- Financial
            statements are recorded and prepared with the use of PeachTree by
            Sage Accounting system14, a nonproprietary software system
            which generates income statements, balance sheets and statement of
            cash flows which are useful for accounting for sizable, recurring
            and nonrecurring transactions to be entered individually, although
            information can be imported and entered without limits with the use
            of spreadsheets.15
          **Written Procedural Applications**
            - The Company mandates that data entry clerks enter customer contact
            and identification information into the accounting system individually,
            entering information taken from a hard copy application. Afterwards
            the account is logged manually and a sales invoice is generated for
            each policy and payor. The software program provides for manipulation
            such that user names have various access and use powers within the
            software (i.e. user name issued for a data clerk allows for setup
            of new customer information and generation of sales invoice while
            preventing that data clerk from processing payroll).
          **Controlled Access**-
            Solely the Chief Executive Officer of this Registrant is granted access
            to filing passcodes and the Commission's EDGAR filing system.
          **Ethical Tangible/Intangible
            Asset Valuations Process** -Purchase receipts for tangible
            assets are used for the basis of valuation and ownership determination.
          **Periodic Company Credit
            Inquiry**- The management of Spence-Lingo initiate quarterly
            credit inquiries with several major credit collection bureaus. As
            of the date of the report Spence-Lingo has no open revolving credit
            lines, mortgages or loan balances.
          **Identification only
            Access**- The Company has implemented several "lock box" procedures
            to avert unauthorized access to Company's postal mail, Company offices
            and the particulars of enforce selling agreements.(2) The effectiveness of this Registrant's
          internal control over financial reporting is gauged in the accuracy
          of chart of account balances. The balances showing in the accounting
          software program are reconciled against bank statements, merchant receipts
          issued for purchases and credits and transaction logs.
        **Daily
            Verification of Cash Balances** - Displays effectiveness of
            the Company's data entry procedures.
          **Random Inspection**- The internal data entry team receive periodic random audits.
            Their electronic entries must match 95 percent of the written hard
            copy tickets for the period in question (i.e. day or month). If the
            minimum threshold is not met, data entry representatives are subject
            to termination of employment.(3) The effectiveness of the registrant's
          internal control over financial reporting is 98 percent for the most
          recent fiscal period.
        **Ending Period
            Verification of Cash Balances** - Fiscal Year Ending October
            31, 2009 100 percent compliance. The balance sheet and bank statements
            presented identical cash balances.
          **Random
            Inspection** 96 percent effective. Upon random audit of income
            statement and cash flow statement it was revealed that several transactions
            involving receivables and disbursements in amounts totaling less than
            $250 were entered in alternate periods which violated the matching
            principle of Generally Accepted Accounting Principles. No special
            notes were made on the financial statements presented in this registration
            statement because the error did not cause a surplus/overstatement
            or understatement of company book value.(4) As is mandated by Title 17 Section
          229.308(T) the following statement is made: This annual report does
          not include an attestation report of the company's registered public
          accounting firm regarding internal control over financial reporting.
          Management's report was not subject to attestation by the company's
          registered pubic accounting firm pursuant to temporary rules of the
          Securities and Exchange Commission that permit the company to provide
          only management's reports of this annual report.
      (b) *Changes in internal control over
        financial reporting.* There are no reportable changes in the registrant's
        internal control over financial reporting instigated as is required in
        connection with the internal evaluation criteria required by paragraph
        (d) of Title 17 Item 240.13a.015.
      ____________________________________________________________________________________
|Table of Contents                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|**Item
      9B. Other Information.**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|Reported here in
      accordance to Item 9B and Form 8K is information which is required to be
      disclosed in a report on Form 8K during the fourth quarter of the year covered
      by this Form 10K. Information may be repeated in other items of this form.
      Item 1.01 There are no reportable disclosures for material definitive agreements
      in which this Registrant has entered.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|Item 1.02 There
      are no reportable disclosures for the termination of a material definitive
      agreement. 
      Item 1.03 There are no reportable disclosures involving the appointment
      of a receiver due to this Registrant's bankruptcy. 
      Item 2.01 There are no reportable disclosures relating to the acquisition
      or disposition of a significant amount of this Registrant's assets or those
      of an affiliate. 
      Item 2.02 There are no reportable disclosures relating to the public announcement
      or release of information concerning material nonpublic information regarding
      the Registrant's results of operations.
      Item 2.03There are no reportable
      disclosures relating to direct financial obligations or an obligation under
      an off balance sheet arrangement. 
      Item 2.04 There are no reportable disclosures relating to triggering events
      which have accelerated or increased a direct financial obligation or an
      obligation under an off balance sheet arrangement. 
      Item 2.05 There are no reportable disclosures relating to costs associated
      with exit or disposal activities of long live assets.Item 2.06 There are no reportable disclosures relating to material impairments
      in goodwill or any other acquired business segment. 
      Item 3.01 There are no reportable disclosures relating to this Registrant's
      receipt of a notice from the national securities exchange concerning that
      national securities exchange or national securities association stating
      that any class of this Registrant's securities does not satisfy a rule or
      standard for continued listing on the exchange or association or initiated
      procedures to delist or has delisted any class of this Registrant's securities.
      
      Item 3.02 Disclosure relevant to this section concerning the unregistered
      sales of equity securities was disclosed in this document in Item 5 229.701
      (Item 701). The October 2009 sales of unregistered securities occurred between
      the lead underwriter FreedomTree Asset Management and Company management,
      and therefore does not fit within the scope of "sale" to outside
      unaffiliated, unqualified parities. 
      Item 3.03 There are no reportable disclosures relating to modification of
      rights of security holders. 
      Item 4.01 There are no reportable disclosures relating to changes in this
      Registrant's certifying accountant.
      Item 4.02 There are no reportable disclosures relating to previously issued
      financial statements being determined to be erroneous . 
      Item 5.01 There are no reportable disclosures relating to changes in control
      of this Registrant resulting from alterations in this Registrant's Board of Directors, a committee of the Board of Directors or authorized officer
      or officers of the registrant. 
      Item 5.02 There are no reportable disclosures relating to the departure
      of directors or certain officers or election of directors or appoint of
      certain officers or compensation thereto.
      Item 5.03 Information supplied in this section is in regards to Amendments
      to Articles of Incorporation or Bylaws; change in fiscal year. a) This Registrant filed an amendment
          to its State of Georgia Articles of Incorporation
        (1) with an effective date of July 10,
          2008
          (2) concerning the authorization of an additional 999,000,000 million
          shares for a total authorized amount of 1,000,000,000.(b) This Registrant reported a change
        in its Fiscal Year end date per this 10K filing. The Fiscal Year end date
        of August 31 originally reported in the initial June 23, 2008 Form 10
        12B filing was updated to reflect October 31. This alteration did not
        require (1) the approval of security holders or (2) an amendment to its
        articles of incorporation or bylaws.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|Item 5.04 There
      are no reportable disclosures relating to the temporary suspension of trading
      under registrant's employee benefit plans. 
      Item 5.05 There are no reportable disclosures relating to amendments to
      this Registrant's code of ethics, or waiver of a provision of the Code of
      Ethics.
      Section 5.06 There are no reportable disclosures relating to a status change
      concerning this Registrant reporting itself to be a shell company or revisions
      thereto.
      Section 6. There are no reportable disclosures concerning asset backed securities.Item 6.01 There are
      no reportable disclosures concerning ABS informational and computational
      material.Item 6.02 There are no reportable disclosures concerning change of service
      or trustee concerning Asset-backed Securities. 
      Item 6.03 There are no reportable disclosures concerning changes in credit
      enhancement or other external support types, including termination of contract.
      Item 6.04 There are no reportable disclosures concerning this Registrant's
      failure to make a required distribution to holders of asset backed securities.
      
      Item 6.05 There are no reportable disclosures concerning this Registrant
      reporting of material changes in pool characteristics which differ at issue
      from their statements made in the prospectus. 
      Item 7.01 Regulation FD Disclosure. In accordance to Title 17 243.100 243.103
      this Registrant is reporting that there is no information which was not
      supplied [243.100] due to exclusionary provisions which would [243.102]
      indeed if not reported not violate anti fraud liability stipulations put
      forth in Rule 10b5 under the Securities Exchange Act or [243.103] indeed
      if not reported would render this non reported information has having no
      effect upon requirements put form in the Exchange Act regarding reporting
      status. 
      Item 8.01 There are no reportable disclosures concerning information not
      otherwise called for by this form.Item 9.01 There are
      no reportable disclosures relating to financial statements which would display
      information concerning businesses acquired or pro forma financial information. ____________________________________________________________________________________                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|**Part III**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|Table of Contents                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|**Item 10. 229.401 (Item 401) Directors, Executive Officers and Corporate
      Governance**.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|(a) *Identification
      of Directors*. As is required by Title 17 Item 229.401 listed immediately
      below are the names and ages of all directors of the registrant and all
      persons nominated or chosen to become directors. including positions and
      offices held and term in office                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|Presently
        the Board of Directors posts are vacant. As was put forth in this Registrant's
        June 23, 2008 and July 22, 2008 Form 10 12b filings, prospective Board
        of Director members' recruitment and retention will depend on:
      **Review of service history**Optimally a candidates for a Board of Director positions should
          have five years of service history (1) with Spence-Lingo & Company
          or its affiliates and/or (2) five years of service in the financial
          services industry. Secondly all candidates for Board of Directors positions
          must possess a Master's degree.
        **Prior Sales Performance**
          Candidates should be able to prove prior sales performance, especially
          current receivables figures. In regards to this attribute, the review
          process for new members of the Board of Directors of Spence-Lingo seeks
          to recruit members who have a sizable down line.
        **Diversified Roundtable Initiative**
          - In order to maximize fluidity of this Company's equity issue, Spence-Lingo
          is seeking, both domestically and in the international community, Board of Directors members who are professionals in the following industries:
        **Mass Communication
          Social Sciences and Behavioral Health
          Education
          Allied Health 
          Medicine
          Banking**
      Candidates for Board of Director
        membership and prospective shareholders should have a measurable understanding
        of State of Georgia code O.C.G.A. Title 14 concerning shareholder rights,
        voting rights of common stock and stipulations which govern stock ownership
        for corporations having their situs in the State of Georgia, United States
        of America.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|(b) *Identification
      of executive officers*. As is required by Title 17 Item 229.401, listed
      immediately below are the names and ages of all executive officers of the
      registrant and all persons nominated or chosen to become executive officers.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               

|Name               | Service Start Date | Term
        Length & Retention Stipulations                                                          | Age
|------------------ | ------------------ | ----------------------------------------------------------------------------------------------------- | ---
|Jermaine E. Spence | 8/29/2006          | Indefinite No special employment stipulations
          beyond sales performance and executive duties | 28 
|Shonna C. Lingo    | 06/1/2007          | Indefinite
        No Special employment stipulations beyond data entry                               | 37 
|Delphine S. Lingo  | 06/1/2007          | Indefinite No Special
        employment stipulations beyond administrative and sales support duties  | 56 

|(*c) Identification
          of certain significant employees.*
      This Registrant does not currently
        employ persons who make or who are expected to make significant contributions
        to the business of this Registrant such as production managers, sales
        managers, or research scientists who are not executive officers.
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|*(d) Family relationships.*                                                                                                                                                                                                                                                                                                                           
|*Name*                                                                                                                                                                                                                                                                                                                                                
|Jermaine E. Spence                                                                                                                                                                                                                                                                                                                                    
|                                                                                                                                                                                                                                                                                                                                                      
|                                                                                                                                                                                                                                                                                                                                                      
|Shonna Lingo                                                                                                                                                                                                                                                                                                                                          

|*(e) Business Experience
          (1) Background Although this item requested that employment information
          be disclosed for each executive for a period of the prior five years
          along with executive's employment experience with this Registrant for
          a period of the prior five years, this Registrant has existed for three
          years*
      Mr. Spence is founder of Spence-Lingo
        Company, Ltd and affiliate and control entity FreedomTree Financial Mutual
        Funds and Asset Management, LLC. He has maintained employment with the
        Firm since August of 2006 when operations were conducted as a sole proprietorship.
        Mr. Spence earned a Bachelor of Arts degree from *Georgia State University
        (2005)* and is pursing a *Master of Business Administration (2011)*.
        Financial industry licensure include:
      State of Georgia Insurance Life, Accident,
          Sickness and Health
        State of Georgia Insurance Variable
          products
        Financial Industry Regulatory Authority
          (FINRA) Series 6
        FINRA Series 63
        FINRA Series 66Mr. Spence has maintained licensure in
        the financial services industry since 2005. Prior to his service with
        the Firm, Mr. Spence was employed at the companies listed below in order
        of recentcy:
      **Financial Services Representative**
          *January 2006 July 2006***Metropolitan Life Insurance
          Company & MetLife Securities, Inc**.
          MET & EXCEEDED first quarter sales quota of 7500
          GDC, writing $30,000 GDC/placing $28,000, earning $1,600 weekly
          ARRANGED appointments and met clients in over 15 cities
          out the state of Georgia
          ACQUIRED knowledge regarding financial products such as long term care,
          Disability insurance, ordinary/variable life, mutual funds, fixed/variable
          annuities
          PROSPECTED daily via cold calling, servicing existing
          accounts, attending various luncheons, etc**Intern/Agent***September
          2005 November 2005***New York Life Insurance Company**
          - a 160 year old insurance company with more than $26 billion in sales
          in 2004
          FINANCED 100 percent of various business expenses related to travel,
          E&O insurance, business cards, stationary, etc
          SOLD company products news print and internet advertising
          
          DESIGNED group and individual retirement and benefit
          plan packages**Telemarketer** *October
          2002 - March 2004* **Creative Energy of Atlanta** -
          a unit of a corporate contractor specializing in $1000 or more roofing,
          siding, patio and window projects. 
          PITCHED 150-200 prospective customers daily by method of cold calling
          and scheduled and confirmed appointmentsShonna Lingo is completing a Bachelor's
        degree in Business from Troy University, Alabama. (2011). For the previous
        14 years she has maintained employment in allied health industries, starting
        at a regional hospital in South Georgia. Her duties here at the Firm include
        supervision of the data collection processors that image agent applications,
        entering all relevant information into the Company's customer relationship
        management software systems before initiating customer invoices. Ms. S.
        Lingo maintains con concurrent employment with this Firm along with her
        duties in the health professions.
      Delephine Lingo assisted Lingo Exterminators
        with marketing of their line of pest extermination chemicals and services.
        Lingo Exterminators has operated for more than 35 years and is privately
        owned by the Lingo family. Duties include client contact entry and records
        recollections, postal mail retrieval functions and clerical support. Ms.
        D. Lingo is responsible for similar duties here at Spence-Lingo.
      *(2) Directorships.* There
        are no other reportable disclosures relating to any director or executive
        of Spence-Lingo holding any other position with this Company having a
        class of securities registered pursuant to section 12 of the Exchange
        Act or subject to the requirements of Section 15(D) of such Act or this
        Company registered as an investment company under the Investment Company
        Act of 1940.
      *(f) Involvement in certain legal proceedings*
      There are no reportable disclosures arising
        from events occurring in the last five years regarding this Registrant
        and
      (1) legal proceedings under the Federal
          bankruptcy laws or any state insolvency law
          (2) its principal executives and/or related persons undergoing criminal
          proceedings or convictions.
          (3) its principal executives and/or related persons being the subject
          of any order, judgment, or decree, not subsequently reversed, suspended
          or vacated related to the following activities(i) futures commission merchant,
            introduction broker, commodity trading advisor, commodity pool operator,
            floor broker, leverage transaction merchant, investment advisor, underwriter,
            broker or dealer in securities, director or employee of any investment
            company, banks, savings and loan association or insurance company,
            or engaging in or continuing any conduct or practice in connection
            with such activity.This
            list is not all inclusive, see Title 17 229.401
            (ii) Engaging in any type of business practice; or
            (iii) Engaging in any activity in connection with the purchase or
            sale of any security or commodity because of violation of Federal
            or State securities laws or Federal commodities laws;
        (4) its principal executives and/or
          related persons being the subject of any order, judgment or decree,
          not subsequently reversed, suspended or vacated brought forth by a Federal
          or State authority barring, suspending or otherwise limiting for more
          than 60 days the right of such person to engage in any activity described
          in paragraph (f)(3)(i) of this section.
        (5) its principal executives and/or
          related persons found by a court of competent jurisdiction in a civil
          action or by the Commission to have violated any Federal or State securities
          law, and the judgment in such civil action or finding by the Commission
          has non been subsequently reversed, suspended, or vacated.
        (6) its principal executives and/or
          related persons being found by a court of competent jurisdiction in
          a civil action or by the Commodity Futures Trading Commission to have
          violated any Federal commodities law, and the judgment in such civil
          action or finding by the Commodity Futures Trading Commission has not
          been subsequently reversed, suspended or vacated.
      *(g) Promoters and control persons.*
      (1)**This Registrant is subject
          to the reporting requirements of section 13(a) of the Securities and
          Exchange Act of 1934, and there are no reportable disclosures to be
          made concerning promoters and control persons and their involvement
          in legal proceedings, either criminal or otherwise.
        (2) There are no reportable disclosures
          to be made concerning control persons of this Registrant being the subject
          of any legal proceedings.
      **229.405 (Item 405) Compliance
        With section 16(a) of the Exchange Act.**
      (a) As is required by this item, Title
        17 229.405 (a) this Registrant received notification via form Form 3 that
        10 percent or more of its stock was beneficially owned by the parties
        below. The parties named below ARE NOT directors or officers of this Registrant,
        and the disclosure made below does not fit within Section 16(a) of the
        Securities Exchange Act of 1934 because the purchase of the stock in question
        was made in a dealer issuer transaction, which under Section 16(d) of
        the Securities Exchange Act of 1934, is exempt from Form 3, Form 4 and
        Form 5 registration requirements because the beneficially owned stock
        was acquired by a dealer in the ordinary course of business and done so
        in order to establish and maintain a secondary market.
      (1) Each person or entity named below
          is the beneficial owner of more than ten percent of the class of stock
          refereed to by title who, without the exemption provisions of Section
          16(d), did not file Form 3 within 10 days of obtaining 10 percent or
          more of any class of this Registrant's equity securities. It should
          be noted too that this Registrant's registration statement is not effective
          which, according to Section 16(a)(2), must be the status of the registration
          statement prior to the filing of Form 3.
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|***Title of Stock***       | ***Name of Owner***                | ***Number of Shares
      Owned*** | ***Percent of Outstanding
      Stock Owned*** | ***Percent of
      Registered Stocked Owned***
|-------------------------- | ---------------------------------- | ---------------------------------- | ---------------------------------------------- | -----------------------------------------------
|Common Share Class
      A | FreedomTree Asset
      Management | 16, 200,000 Million                | 96.4286 percent                                | 90 percent                                     

|(2) There are no reportable
        disclosures to be made pursuant to this item, Title 17 229.405(a)(2).
        There are no reportable disclosures relating to the number of transactions
        which involved the purchase of more than 10 percent of this registrant's
        outstanding. Form 5 is an annual statement of beneficial ownership form
        was filed on December 31, 2009 and will be filed next year, 2010 on or
        before the 45th day after October 31.
      **229.406 (Item 406) Code of
        ethics.**
      (a) Spence-Lingo has adopted a code
        of ethics that applies to its principal executive officer, principal financial
        officer, principal accounting officer and controller.
      (b) The code of ethics polices in place
        at Spence-Lingo are designed to adhere to Title 17 Item 229.406(b)(1)-229.406(b)(5)
        which state that ethics guidelines must:
      (1) Insure honest and ethical conduct
          which include the ethical handling of actual or apparent conflicts of
          interests
          (2) Provide for full, fair, accurate, timely, and understandable disclosures
          in reports and documents that are submitted to the Commission
          (3) Comply with applicable governmental laws, rules and regulations
          (4) Provide for the prompt internal reporting of violations of the code
          to an appropriate person or persons identified in the code; and
          (5) Provide for assessment procedures to determine adherence to the
          code of ethics.
      **229.407 (Item 407) Corporate
        Governance**.
      As required by form 10K, responses of
        this section are made pursuant to Title 17 229.407(C)(3), (d)(4) and (d)(5)
      (c)*Nominating Committee:*
      (1) This registrant does not employ
          a standing committed for the auditing, nomination or compensation functions
          related to the Board of Directors. The basis of review for the Board
          of Directors are, as was previously laid out in Item 10 229.401(a):
        **Review of service history**
          **Prior Sales Performance**
          **Diversified Roundtable
            Initiative**
            (2) The following information is
              made regarding this Registrant's director nomination process.
            (i) There are no reportable
                disclosures concerning a nominating committee and that committee's
                charter. This Registrant does not employ a nominating committees
                to oversee the Board of Directors
                (ii) There are no reportable disclosures concerning a nominating
                committee and that committee's policy regarding its treatment
                of director candidates who are recommended by security holders.
                This Registrant does not employ nominating committees.
                (iii) In the absence of a nominating committee, review and and
                recruitment processes for Board of Director candidates in place
                at Spence-Lingo are outlined in Items Item 10 229.401(a) and Item
                10 229.407(c)(1).
                (iv) There are no reportable disclosures concerning a nominating
                committee and that committee's recommendations for procedures
                to be used by security holders in submitting director candidates.
                (vii) There are no reportable disclosures concerning any nominee
                and that nominee's membership in the following categories: Security
                Holder, non management director, chief executive, other executive
                or third party search firm. 
                (viii) There are no reportable disclosures regarding the payment
                of fees to any third party or parties to identify or evaluate
                or assist in identifying or evaluating potential nominees.
                (ix) There are no reportable disclosures to be made regarding
                this Registrant receiving a notice of a recommended nominee from
                a security holder or group of security holders.
            (3) There are no reportable disclosures
              to be made concerning material changes to the procedures by which
              security holders may recommend nominees to the registrant's Board
              of Directors, where those changes were implemented after the initial
              response was made to Title 17 229.407(c)(2)(iv) in a previous filing.
      *(d) Audit Committee:*
      (1) There are no reportable
        disclosures to be made regarding an audit committee and that committee's
        charter.
        (2) There are no reportable disclosures to be made regarding a listed
        issuer's appointment of an affiliated or non independent audit committee
        member. Spence-Lingo is not a listed issue nor does it employ Board of
        Directors or audit committee.
        (3) There are no reportable disclosures to be made regarding
        (i)(A) an audit committee's
          review or discussion of audited financial statements.
          (B) an audit committee's discussion with the independent auditors concerning
          matters required to by discussed by the statement on Auditing Standards
          No. 61.
          (C) an audit committee having received written disclosures from an independent
          accountant 
          (D) an audit committee's recommendation to the Board of Directors that
          the audited financial statements be included in the Company's annual
          report, this Form 10k.
          (ii) There are no reportable disclosures to be made concerning the name
          of each member of the Company's audit committee. Spence-Lingo does not
          employ an audit committee.
      (4) There are no no reportable
        disclosures to be made regarding
      (i)(A) this registrant being a listed
          issued,
          (B) this Form 10K filing being made for the purposes of taking action
          with respect the the election of directors
          (C) this Registrant being a
        (1) a subsidiary of another listed
            issuer
            or (2) replying on any of the exemptions put forth in 240.10A3(c)(4)
            (c)(7) of Title 17
        (ii)(A) this registrant having a separately
        standing audit committee established in accordance with section 3(a)(58)(A)
        of the Securities Exchange Act of 1934
        (B) There are no reportable disclosures regarding exemption as is set
        forth in Title 17 240.240A3(c) from the independence requirements for
        members of the audit committee
      (5)*Audit
        committee financial expert.*There are no reportable disclosures relating
        to
      (i)(A) a determination by this Registrant's
        Board of Directors thatit has:
      (1) at least one audit committee financial
          expert serving on its audit committee
          (2) or does not have an audit committee financial expert service on
          its audit committee.(B) or the name of the audit committee financial
      expert and whether that person is independent.
      (C) There are no reportable disclosures regarding the existence or nonexistence
      of an audit committee financial expert because Spence-Lingo does not currently
      employ Board of Directors or an audit committee
      ____________________________________________________________________________________
      Table of Contents
      **Item 11.
        229.402 (Item 402) Executive Compensation**
      *(l) Smaller reporting companies* - Spence-Lingo is a smaller reporting company, and therefore, is
        required to comply with this item in supplying detailed information requiring
        executive compensation.
      (m) Smaller reporting companies General
        (1) *All compensation covered. Disclosed below is a clear, concise
        and understandable disclosure of all plan and non plan compensation awarded
        to, earned by, or paid to the named executive officers designated under
        paragraph (m)(2)*
        (2) *Persons covered* include "named executive
        officers":
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|Summary
        Compensation Table#
|-----------------------------------
|Name
        and principal position
|(a)                                
|(m)(2)(i)
      PEO                
|Jermaine
      Spence              
|(m)(2)(ii) MNG                     
|Shonna
      C. Lingo              

|This Registrant's does not
        employ any other individuals not including the PEO and PFO who are highly
        compensated. 
        *Year is for Fiscal Year November 1, 2008 October 31, 2009 and is made
        in response to Title 17 229.402(n)(2)(ii) 
        **Made in response to Title 17 229.402(n)(2)(iiii)
        ***Made in response to Title 17 229.402(n)(2)(iv)
        ****Made in response to Title 17 229.402(n)(2)(v)
        *****Made in response to Title 17 229.402(n)(2)(vi)
        ## Made in response to Title 17 229.402(n)(2)(vii)
        ### Made in response to Title 17 229.402(n)(2)(viii)
        #### Made in response to Title 17 229.402(n)(ix)
        #(The summary table above is provided pursuant to Title 17 229.407(n)(2)
        *MNG = Office Manager**(o) Smaller reporting companies Narrative
        disclosure to summary compensation table:*
      This discussion is concerning compensation
        awarded to Mr. Spence and Ms. S. Lingo. The compensation for both named
        PEO and Manager DOES NOT include stock options. All compensation is paid
        in cash.
      The objectives of the compensation
        program:
      **Expense Allowance**
          provide sufficient recompense for that party's particular duties for
          the year, including travel, lodging, wardrobe, equipment and meals and
          entertainment.
        **Due Compensation**for
          his/her role and workload, paying s the amount indicated in the Salary
          column yearly and/or in arrears in consideration of the everyday leadership
          tasks performed by executives. Individually, compensation beyond base
          salary arising from sales commissions is paid as earned.
        **Tax Savings** with
          the use of Simplified Employee Pension Plan (SEP) accounts help to reduce
          the corporation's tax load.There are no reportable disclosures
        regarding outstanding option or other equity based awards. Compensation
        paid to executives do not carry modifiable provisions or waivers related
        to specified performance targets. Representatives' employment arrangement
        are governed by contract terms which do require specified performance
        target.
      (p) Smaller reporting companies Outstanding
        equity awards at fiscal year end - Spence-Lingo does not offer equity
        based awards or options has compensation plans to executives.
      (q) *Smaller reporting companies*
        *Additional narrative disclosures* is not required because this
        Registrant does not offer equity based awards or option compensation plans
        to its executives.
        (r)*Smaller reporting companies Compensation of directors* This
        Registrant does not employ directors; therefore disclosure regarding director
        compensation is superfluous.
      Item 229.407(e)(3) "Compensation
        Committee Interlocks and Insider Participation": This Registrant
        does not employ a compensation committee. Therefore disclosures relevant
        to this section are presently not available. Although the chief executive
        officer of Spence-Lingo determines compensation levels for other executives
        there are no disclosures available concerning "deliberations"
        or "planning phases" concerning determining executive pay.
      Item 229.407(3)(5) "Compensation
        Committee Report" This registrant does not employ a compensation
        committee. However Spence-Lingo maintains a written plan regarding executive
        compensation in order that the objectives and intents of the Company's
        compensation package and inherent awards are realized.
      ____________________________________________________________________________________
      Table of Contents
      **Item 12.
        229.201(Item 201) Security Ownership of Certain Beneficial Owners and
        Management and Related Stockholder Matters**.
      Item 229.201(d) This
        Registrant does not utilize equity compensation plans, and therefore there
        are no further disclosures necessary for this item.
      Item 229.403(a) Security ownership
        of certain beneficial owners.
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(1) Title of class         | (2) Name and address of beneficial
      owner                                                         | (3) Amount and nature of
        beneficial ownership | (4) Percent of class                                             
|-------------------------- | ------------------------------------------------------------------------------------------------------ | ----------------------------------------------------- | -----------------------------------------------------------------
|Common Share
      Class A | **FreedomTree
      Mutual Funds and Asset Management LLC**
      P.O. Box 4421
      Atlanta,GA 30302 | 16,200,000                                            | 90 percent
      of registered and 96.4286 percent of outstanding

|Item 229.403(b) *Security
      Ownership of Managemen*t. At the the present time,
      management does not own securities, and therefore further disclosure pursuant
      to this item is not available.
      Item 229.403(c)*Changes in control* . At the present time there
      are no pledges or outstanding arrangements by any person of this Registrant
      made to any party which would, upon execution of said agreement, result
      in a change in control of the Registrant.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|____________________________________________________________________________________
      Table of Contents
      **Item 13
        Certain Relationships and Related Transactions, and Director Independence**
      (a) *Transactions with related persons*There are no reportable transactions occurring since the beginning
        of this Registrant's last fiscal year, or any currently proposed transaction,
        in which the Registrant was or is to be a participant where the amount
        of such transaction exceeded $120,000.
      (b) *Review, approval or ratification
        of transactions with related persons* (1) At present there are several
        procedures in place at Spence-Lingo which cover various transactions of
        many types including transactions pertaining to the brokering of insurance
        products and in-house transactions involving lending and other fee based
        services. The requirements for each transaction type is listed below:
      (i) Policies covering the sale
        of company products (All types)
        **Written Execution Papers
            -** Insurance products sold to individuals do not require
            agency principal's approval. The carrier's hard copy application serves
            as the executing document; all submitted applications must be accompanied
            by a check and bank draft authorization. Insurance products sold to
            corporations require that the corporation prepare a resolution to
            submit along with the initial modal premium.
          **Client History Forms**
            - are prepared by the writing agent and compiled through out the sales
            process to record client/agent conversations, policy changes and service
            requests.
          **Filed Photo Copies**
            - of all submitted polices are stored on campus at company headquarters.
            At the request of the policy holder and insuring carrier, the file
            can be retrieved in order to revise beneficiary information, trust
            agreements, estate plans or a last will affidavit. Should a complaint
            arise, documents can be readily retrieved.
          **Logbook and Ledger Record
            keeping** - Insurance sales are printed by hand into the record
            book, noting sale amount, name of insured, payor and policy owner.
            Afterwards the same entries are keyed into the Peachtree Accounting
            software program.(ii) The standards to be applied pursuant
          to the policies bulleted above:
        Records are subject to internal
            audit procedures where 96 percent of the entries are expected to match
            the paper application,
          Customer complaints are documented
            in hard copy print, and each compliant is investigated using client
            files, client history forms and other company files.(iv) As required by this numeral,
          this Registrant is reporting that the policies and procedures governing
          transactions are made in writing and serve to prevent funds from being
          mishandled and lost.
      (2) There are no reportable disclosures
        concerning the transactions in excess of $120,000 and control persons
        occurring since the beginning of the previous fiscal year and before review,
        approval or ratification procedures were enacted.
      (c) *Promoters and certain control
        persons.*
      (i) No disclosures are necessary regarding
          the hire of and compensation paid to promoters occurring any time during
          the past five years.
          (ii) There are no reportable disclosures to be made concerning acquired
          assets received from a promoter.
      (d) *Smaller reporting companies.*
      229.404(d)(1) and 229.404(d)(2) Please
          see preceding responses (a) and (c).There were no transactions which
          exceeded the lesser of $120,000 or one percent of the average of this
          company's total assets nor were there payments (including money property,
          contracts, options or rights of any kind) made to a promoter or any
          assets offered from a promoter and acquired by this Registrant.
      229.404(d)(3) Listed below are the names
        of all parents of this smaller reporting company, Spence-Lingo & Company,
        Ltd.

|*Name of Parent*                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         | *Basis of Control*   | *Percent Owned*         
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ | -------------------- | ------------------------
|FreedomTree Mutual Funds
      and Asset Management, LLC                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | Common Stock Class A | 90 percent of Registered
|229.407(a) There
        are no reportable disclosures to be made regarding the identity of each
        director or that director's independence status or that director's involvement
        in any transactions not disclose elsewhere in this filing.
      ____________________________________________________________________________________
      Table of Contents
      **Item 14.
        Principal Accounting Fees and Service**s
      There are no reportable disclosures
        to be made regarding principal accountants or (1) Audit Fees, (2) Audit
        related fees. (3) Tax Fees, (4) All Other Fees for transactions occurring
        and billed in each of the last two fiscal years for professional services.
        There are no disclosures reportable for this Registrant's audit committee's
        pre approval policies and procedures for accountant qualification and
        independence status.
      ____________________________________________________________________________________
      Table of Contents
      **Item 15.
        Exhibits, Financial Statements Schedules**.
      (a)(1) All statements listed in response
        to this item reflect Company financials for Fiscal year ending October
        31, 2009 except that quarterly earning statement begins in November 1,
        2007
      Balance Sheet
        Statement of Retained Earnings
        Statement of Cash Flows
        Income Statement
        Quarterly Earnings Statement

|SIGNATURES
        Pursuant to the requirements of Section 13 or 15(d) of the Securities
        Exchange Act of 1934, the registrant has duly caused this registration
        report be signed on its behalf by the undersigned, thereunto duly authorized.
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Date:   December 31, 2009By:/s/
      Jermaine E. Spence_________________________ Name: Jermaine E. Spence
              Title:   Chief
              Executive Officer 
              Spence-Lingo & Company, Ltd                                           
|Visit www.FreedomTreeFinancial.com !                                                                                                                                                                                                                         
|                                                                                                                                                                                                                                                             

|**STATEMENT
        OF INDEPENDENT ACCOUNTING FIRM**
      To the Shareholders of Spence-Lingo
        & Company, Ltd.
        Spence-Lingo & Company, Ltd
        Atlanta, Georgia
      In our assessment of the books and
        records of this Registrant Spence-Lingo & Company and subsidiaries
        as of October 31, 2009 and including fiscal year ending October 31, 2008
        our findings are that Spence-Lingo & Control presented in a comprehensive
        and accurate manner all material aspects of the financial standing of
        this Registrant as is reflected in the incorporated financial statements
        in this document in entirety elsewhere and listed by reference in Item
        15 as: Balance Sheet - Year ended October 2009, Statement of Retained
        Earnings - Year ended October 2009, Statement of Cash Flow - Year ended
        October 2009, Income Statement - Year ended October 2009, Quarterly Earnings
        Statement - Year ended October 2009. Our audit found that these statements
        did not reflect accurate book keeping for periods before November 1, 2007.
      BERKELY PARK ACCOUNTING & LEGAL AID
      
      January 8, 2010
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|Exhibit
        Table                                                                                                                                | Securities Act forms | Exchange Act forms
|---------------------------------------------------------------------------------------------------------------------------------------------------- | -------------------- | ------------------
|S1                                                                                                                                                   | S3                   | S4                
|(1) Underwriting
      agreement                                                                                                                     |                      |                   
|(2) Plan
      of acquisition, reorganization, arrangement, liquidation or succession                                                                |                      |                   
|**(3)(i)
      Articles of incorporation**                                                                                                           |                      |                   
|(ii) Bylaws                                                                                                                                          |                      |                   
|(4) Instruments
      defining the rights of security holders, including indentures                                                                  |                      |                   
|**(5)
      Opinion re legality**                                                                                                                    |                      |                   
|(6) [Reserved]                                                                                                                                       |                      |                   
|(7) Correspondence
      from an independent accountant regarding non reliance on a previously issued
      audit report or completed interim review |                      |                   
|(8) Opinion
      re tax matters                                                                                                                     |                      |                   
|(9) Voting
      trust agreement                                                                                                                     |                      |                   
|(10) Material
      contracts                                                                                                                        |                      |                   
|**(11)
      Statement re computation of per share earnings**                                                                                        |                      |                   
|(12) Statements
      re computation of ratios                                                                                                       |                      |                   
|(13) Annual
      report to security holders, Form 10 Q or quarterly report to security holders                                                      |                      |                   
|(14) Code
      of Ethics                                                                                                                            |                      |                   
|(15) Letter
      re unaudited interim financial information                                                                                         |                      |                   
|(16) Letter
      re change in certifying accountant                                                                                                 |                      |                   
|(17) Correspondence
      on departure of director                                                                                                   |                      |                   
|(18) Letter
      re change in accounting principles                                                                                                 |                      |                   
|(19) Report
      furnished to security holders                                                                                                      |                      |                   
|(20) Other
      documents or statements to security holders                                                                                         |                      |                   
|**(21)
      Subsidiaries of the registrant**                                                                                                        |                      |                   
|(22) Published
      report regarding matters submitted to vote of security holders                                                                  |                      |                   
|(23) Consents
      of experts and counsel                                                                                                           |                      |                   
|(24) Power
      of attorney                                                                                                                         |                      |                   
|(25) Statement
      of eligibility of trustee                                                                                                       |                      |                   
|(26) Invitation
      for competitive bids                                                                                                           |                      |                   
|**(27)
      The FreedomTree Financial Group of Companies Master Plan**                                                                              |                      |                   
|(28) -(30)
      Reserved                                                                                                                            |                      |                   
|**(31)(i)
      Rule 13a 14(a)/15d 14(a) Certifications**                                                                                            |                      |                   
|**(ii)
      Rule 13a 14/15d 14 Certifications**                                                                                                     |                      |                   
|**(32)
      Section 1350 Certifications**                                                                                                           |                      |                   
|(33) Report
      on assessment of compliance with servicing criteria for asset backed issuers                                                       |                      |                   
|(34) Attestation
      report on assessment of compliance with servicing criteria for asset backed
      securities                                  |                      |                   
|(35) Service
      compliance statement                                                                                                              |                      |                   
|(36) (98) [Reserved]                                                                                                                                 |                      |                   
|(99) Additional
      exhibits                                                                                                                       |                      |                   
|(100) XBRL
      Related Documents                                                                                                                   |                      |                   
|(101) Interactive
      Data File                                                                                                                    |                      |