----

----

| x | QUARTERLY      REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF      1934 |
|---|---------------------------------------------------------------------------------------------------|

| o | TRANSITION      REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF      1934 |
|---|----------------------------------------------------------------------------------------------------|

| Nevada                                                                  | 36-4567500                                |
|-------------------------------------------------------------------------|-------------------------------------------|
| (State      or other jurisdiction ofincorporation      or organization) | (I.R.S.      Employer Identification No.) |

| 534      Delaware Avenue, Suite 412Buffalo,      New York | 14202           |
|-----------------------------------------------------------|-----------------|
| (Address      of principal executive offices)             | (Zip      Code) |

| (910)      616-0077                    |
|----------------------------------------|
| (Issuer’s      telephone number) |

| Yes | T | No        0 |
|-----|---|-----------------------|

----

| PART      I - FINANCIAL INFORMATION                                             |   |
|---------------------------------------------------------------------------------|--------|
| Item      1. Financial Statements                                               | 1      |
| Item      2. Management’s Discussion and Analysis or Plan of    Operation | 7      |
| Item      3. Controls and Procedures                                            | 8      |
|                                                                            |   |
| PART      II - OTHER INFORMATION                                                |   |
| Item      1. Legal Proceedings.                                                 | 9      |
| Item      2. Unregistered Sales of Equity Securities and Use of      Proceeds.  | 9      |
| Item      3. Defaults Upon Senior Securities.                                   | 9      |
| Item      4. Submission of Matters to a Vote of Security Holders.               | 9      |
| Item      5. Other Information.                                                 | 9      |
| Item      6. Exhibits                                                           | 9      |
|                                                                            |   |
| SIGNATURES                                                                      |   |

----

| FINANCIAL      REPORTS |
|------------------------|
| AT                     |
| FEBRUARY      29, 2008 |

| GLOBAL      EARTH ENERGY, INC.(FORMERLY      KNOWN AS GLOBAL WATAIRE INC.)(A      NEVADA CORPORATION)Buffalo,      New York   TABLE OF CONTENTS Consolidated      Balance Sheets at February 29, 2008 (Unaudited) and  August      31,      2007                                                                                                                                  1 Consolidated      Statements of Operations for the Three and Six Months Ended  February      29, 2008 and February 28, 2007      (Unaudited)                                                                 2 Consolidated      Statements of Cash Flows for the Six Months Ended February      29, 2008 and February 28, 2007      (Unaudited)                                                             3 Notes      to Consolidated Financial      Statements                                                                                  4-6   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |

----

| GLOBAL      EARTH ENERGY, INC.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   |              |       |   |            |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------|------------|--------|-----------------|--------|
| (FORMERLY      KNOWN AS GLOBAL WATAIRE INC.)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |   |              |       |   |            |   |
| (A      NEVADA CORPORATION)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |              |       |   |            |   |
| Buffalo,      New York                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |              |       |   |            |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |              |       |   |            |   |
| CONSOLIDATED      BALANCE SHEETS                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |              |       |   |            |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |              |       |   |            |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   | (Unaudited)       |       |   |            |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   | February      29, |       |   | August      31, |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   | 2008              |       |   | 2007            |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |              |       |   |            |   |
| ASSETS                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |              |       |   |            |   |
| Current      Assets                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |              |       |   |            |   |
| Cash      and Cash Equivalents                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   | $                 | 15,748     |   |            | $      | 197,593 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |              |       |   |            |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |              |       |   |            |   |   |   |
| LIABILITIES      AND STOCKHOLDERS' DEFICIT                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |              |       |   |            |   |   |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |              |       |   |            |   |   |   |
| Current      Liabilities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |              |       |   |            |   |   |   |
| Accounts      Payable                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   | $                 | 27,060     |   |            | $      | 21,861 |   |
| Accrued      Expenses                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |              | 29,450     |   |            |   | 35,829 |   |
| Accrued      Compensation - Directors                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |              | 638,830    |   |            |   | 511,833 |   |
| Due      to Directors                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |              | 281,690    |   |            |   | 319,224 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |              |       |   |            |   |   |   |
| Total      Liabilities                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |              | 977,030    |   |            |   | 888,747 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |              |       |   |            |   |   |   |
| Stockholders'      Deficit                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |              |       |   |            |   |   |   |
| Common      Stock :  $.001 Par; 800,000,000 Shares    Authorized;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |              |       |   |            |   |   |   |
|                            26,462,569  and      23,191,637 Issued, and                           23,462,569      and 20,191,637 Outstanding,                           respectively |   |              | 26,463     |   |            |   | 20,191 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |              |       |   |            |   |   |   |
| Common      Stock, Class B:  $.001 Par; 50,000,000 Shares                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |              |       |   |            |   |   |   |
|                             Authorized;      -0- Issued and Outstanding                                                                                                                                                                                                                                                                                                                                                                                                |   |              | —    |   |            |   | — |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |              |       |   |            |   |   |   |
| Preferred      Stock, Class A:  $.001 Par; 1,000,000 Shares      Authorized;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |              |       |   |            |   |   |   |
|               66,000      and 100,000 Issued and Outstanding, respectively                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |              | 66         |   |            |   | 66 |   |
| Preferred      Stock, Class B:  $.001 Par; 5,000,000 Shares      Authorized;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |              |       |   |            |   |   |   |
|                1,000,000      Issued and Outstanding                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |              | 1,000      |   |            |   | 1,000 |   |
| Preferred      Stock, Class C:  $.001 Par; 15,000,000 Shares                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |              |       |   |            |   |   |   |
|                             Authorized;  -0-      Issued and Outstanding                                                                                                                                                                                                                                                                                                                                                                                     |   |              | —    |   |            |   | — |   |
| Preferred      Stock, Class D:  $.001 Par;  13,000,000      Shares                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |              |       |   |            |   |   |   |
|                             Authorized;  -0-      Issued and Outstanding                                                                                                                                                                                                                                                                                                                                                                                     |   |              | —    |   |            |   | — |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |              |       |   |            |   |   |   |
| Additional      Paid-In Capital                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |              | 4,251,340  |   |            |   | 4,103,631 |   |
| Accumulated      Deficit                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |              | (5,237,151 | )      |            |   | (4,813,042 | ) |
| Treasury      Stock – 3,000,000 Shares at $.001 Par                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |              | (3,000     | )      |            |   | (3,000 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |              |       |   |            |   |   |   |
| Total      Stockholders' Deficit                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   |              | (961,282   | )      |            |   | (691,154 | ) |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |              |       |   |            |   |   |   |
| Total      Liabilities and Stockholders' Deficit                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |   | $                 | 15,748     |   |            | $      | 197,593 |   |

----

| GLOBAL      EARTH ENERGY, INC.                         |
|--------------------------------------------------------|
| (FORMERLY      KNOWN AS GLOBAL WATAIRE INC.)           |
| (A      NEVADA CORPORATION)                            |
| Buffalo,      New York                                 |
|                                                   |
|                                                   |
| CONSOLIDATED      STATEMENTS OF OPERATIONS (UNAUDITED) |
|                                                   |

|                                         |   |                    |       |   |                  |   |
|----------------------------------------------|--------|-------------------------|------------|--------|-----------------------|--------|
|                                         |   | Three      Months Ended |       |   | Six      Months Ended |   |
|                                         |   | February      29,       |       |   | February      28,     |   |   | February      29, |   |   | February      28, |   |
|                                         |   | 2008                    |       |   | 2007                  |   |   | 2008 |   |   | 2007 |   |
|                                         |   |                    |       |   |                  |   |   |   |   |   |   |   |
| Revenues,      Net                           |   | $                       | —    |   |                  | $      | — |   |   | $ | — |   |   | $ | — |   |
|                                         |   |                    |       |   |                  |   |   |   |   |   |   |   |   |   |   |   |
| Cost      of Goods Sold                      |   |                    | —    |   |                  |   | — |   |   |   | — |   |   |   | — |   |
|                                         |   |                    |       |   |                  |   |   |   |   |   |   |   |   |   |   |   |
| Gross      Profit                            |   |                    | —    |   |                  |   | — |   |   |   | — |   |   |   | — |   |
|                                         |   |                    |       |   |                  |   |   |   |   |   |   |   |   |   |   |   |
| Expenses                                     |   |                    |       |   |                  |   |   |   |   |   |   |   |   |   |   |   |
| Consulting      Fees                         |   |                    | 147,500    |   |                  |   | 55,000 |   |   |   | 300,000 |   |   |   | 110,000 |   |
| General      and Administrative              |   |                    | 30,963     |   |                  |   | 58,834 |   |   |   | 87,812 |   |   |   | 93,110 |   |
| Interest      Expense                        |   |                    | 18,434     |   |                  |   | 12,250 |   |   |   | 36,297 |   |   |   | 23,770 |   |
|                                         |   |                    |       |   |                  |   |   |   |   |   |   |   |   |   |   |   |
| Total      Expenses                          |   |                    | 196,897    |   |                  |   | 126,084 |   |   |   | 424,109 |   |   |   | 226,880 |   |
|                                         |   |                    |       |   |                  |   |   |   |   |   |   |   |   |   |   |   |
| Loss      from Operations Before             |   |                    |       |   |                  |   |   |   |   |   |   |   |   |   |   |   |
|   Provision      for Taxes         |   |                    | (196,897   | )      |                  |   | (122,084 | ) |   |   | (424,109 | ) |   |   | (226,880 | ) |
|                                         |   |                    |       |   |                  |   |   |   |   |   |   |   |   |   |   |   |
| Provision      for Taxes                     |   |                    | —    |   |                  |   | — |   |   |   | — |   |   |   | — |   |
|                                         |   |                    |       |   |                  |   |   |   |   |   |   |   |   |   |   |   |
| Net      Loss for the Period                 |   | $                       | (196,897   | )      |                  | $      | (122,084 | ) |   | $ | (424,109 | ) |   | $ | (226,880 | ) |
|                                         |   |                    |       |   |                  |   |   |   |   |   |   |   |   |   |   |   |
| Weighted      Average Number of              |   |                    |       |   |                  |   |   |   |   |   |   |   |   |   |   |   |
|   Common      Shares Outstanding - |   |                    |       |   |                  |   |   |   |   |   |   |   |   |   |   |   |
|   Basic                            |   |                    | 23,448,791 |   |                  |   | 6,224,470 |   |   |   | 22,995,087 |   |   |   | 3,338,078 |   |
|   Diluted                          |   |                    | 26,448,791 |   |                  |   | 6,224,470 |   |   |   | 25,995,087 |   |   |   | 3,338,078 |   |
| Net      Loss Per Common Share -             |   |                    |       |   |                  |   |   |   |   |   |   |   |   |   |   |   |
|   Basic                            |   | $                       | (0.01      | )      |                  | $      | (0.02 | ) |   | $ | (0.02 | ) |   | $ | (0.07 | ) |
|   Diluted                          |   | $                       | (0.01      | )      |                  | $      | (0.02 | ) |   | $ | (0.02 | ) |   | $ | (0.07 | ) |

----

| GLOBAL      EARTH ENERGY, INC.                             |   |   |           |   |   |   |
|------------------------------------------------------------|--------|--------|----------------|--------|--------|--------|
| (FORMERLY      KNOWN AS GLOBAL WATAIRE INC.)               |   |   |           |   |   |   |
| (A      NEVADA CORPORATION)                                |   |   |           |   |   |   |
| Buffalo,      New York                                     |   |   |           |   |   |   |
|                                                       |   |   |           |   |   |   |
|                                                       |   |   |           |   |   |   |
| CONSOLIDATED      STATEMENTS OF CASH FLOWS (UNAUDITED)     |   |   |           |   |   |   |
|                                                       |   |   |           |
| For      the Six Months Ended February 29 and February 28, |   | 2008   |           |   | 2007   |   |
|                                                       |   |   |           |   |   |   |
| Cash      Flows from Operating Activities                  |   |   |           |   |   |   |
|                                                       |   |   |           |   |   |   |
| Net      Loss                                              |   | $      | (424,109       | )      |   | $      | (226,880 | ) |
|                                                       |   |   |           |   |   |   |   |   |
| Non-Cash      Adjustments:                                 |   |   |           |   |   |   |   |   |
| Interest      on Directors/Stockholder Loans               |   |   | 36,297         |   |   |   | 23,770 |   |
|                                                       |   |   |           |   |   |   |   |   |
| Changes      in Assets and Liabilities:                    |   |   |           |   |   |   |   |   |
| Accounts      Payable                                      |   |   | 5,199          |   |   |   | (3,479 | ) |
| Accrued      Expenses                                      |   |   | (6,379         | )      |   |   | (10,675 | ) |
| Accrued      Compensation - Directors                      |   |   | 126,997        |   |   |   | –– |   |
|                                                       |   |   |           |   |   |   |   |   |
| Net      Cash Flows from Operating Activities              |   |   | (261,995       | )      |   |   | (217,264 | ) |
|                                                       |   |   |           |   |   |   |   |   |
| Cash      Flows from Investing Activities                  |   |   |           |   |   |   |   |   |
| Loan      Advance                                          |   |   | –– |   |   |   | (50,000 | ) |
|                                                       |   |   |           |   |   |   |   |   |
| Cash      Flows from Financing Activities                  |   |   |           |   |   |   |   |   |
| Cash      Proceeds from Issuance of Regulation S Shares    |   |   | 153,982        |   |   |   | 203,552 |   |
| Advances      from (Repayment to)Directors - Net           |   |   | (73,832        | )      |   |   | 66,802 |   |
|                                                       |   |   |           |   |   |   |   |   |
| Net      Cash Flows from Financing Activities              |   |   | 80,150         |   |   |   | 270,354 |   |
|                                                       |   |   |           |   |   |   |   |   |
| Net      Change in Cash and Cash Equivalents               |   |   | (181,845       | )      |   |   | 3,090 |   |
|                                                       |   |   |           |   |   |   |   |   |
| Cash      and Cash Equivalents - Beginning of Period       |   |   | 197,593        |   |   |   | — |   |
|                                                       |   |   |           |   |   |   |   |   |
| Cash      and Cash Equivalents - End of Period             |   | $      | 15,748         |   |   | $      | 3,090 |   |
|                                                       |   |   |           |   |   |   |   |   |
| Supplemental      Disclosures                              |   |   |           |   |   |   |   |   |
| Interest      Paid                                         |   | $      | —        |   |   | $      | — |   |
| Income      Taxes Paid                                     |   | $      | —        |   |   | $      | — |   |

----

| (FORMERLY      KNOWN AS GLOBAL WATAIRE INC.) |
|----------------------------------------------|

----

| NOTE A – | Basis      of Presentation |
|----------------|----------------------------|

|   | The      condensed consolidated financial statements of Global Earth Energy, Inc.      (the “Company”) included herein have been prepared by the Company, without      audit, pursuant to the rules and regulations of the Securities and      Exchange Commission (the “SEC”).  Certain information and      footnote disclosures normally included in financial statements prepared in      conjunction with generally accepted accounting principles have been      condensed or omitted pursuant to such rules and regulations, although the      Company believes that the disclosures are adequate to make the information      presented not misleading.  These condensed consolidated      financial statements should be read in conjunction with the annual audited      financial statements and the notes thereto included in the Company’s      registration statement on Form 10-KSB, and other reports filed with the      SEC. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | The      accompanying unaudited interim financial statements reflect all      adjustments of a normal and recurring nature which are, in the opinion of      management, necessary to present fairly the financial position, results of      operations and cash flows of the Company for the interim periods      presented.  The results of operations for these periods are not      necessarily comparable to, or indicative of, results of any other interim      period or for the fiscal year taken as a whole.  Certain      information that is not required for interim financial reporting purposes      has been omitted. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | The      Company has changed its primary business objective from advisory services      to the biodiesel production industry.  Consequently, the Company      changed their name on February 5, 2008 to Global Earth Energy,      Inc. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Principles      of Consolidation |
|--------|----------------------------------|

|   | The      consolidated financial statements include the accounts of Global Earth      Energy, Inc., and its wholly owned subsidiary, Knightbridge Corp. (the      “Company”).  All significant intercompany balances have been      eliminated in consolidation. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Reclassifications |
|--------|-------------------|

|   | Certain amounts in      the prior year consolidated financial statements have been reclassified to      conform with current year presentation.  The      reclassifications made to the prior year have no impact on the net income      (loss), or overall presentation of the consolidated financial      statements. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| NOTE      B – | Going      Concern |
|---------------------|--------------------|

|   | The      Company’s financial statements have been presented on the basis that it is      a going concern, which contemplates the realization of assets and the      satisfaction of liabilities in the normal course of business. The Company      has reported recurring losses from operations.  As a result,      there is an accumulated deficit of $5,237,151 at February 29,      2008. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| (FORMERLY      KNOWN AS GLOBAL WATAIRE INC.) |
|----------------------------------------------|

----

| NOTE C      – | Recently      Issued Accounting Standards |
|--------------------------|-------------------------------------------|

|   | In      February 2006, the Financial Accounting Standards Board (“FASB”) issued      Statement of Financial Accounting Standard (“SFAS”) No. 155, “Accounting      for Certain Hybrid Financial Instruments – an amendment of FASB Statement      No. 133 and 140” (“SFAS 155”).  SFAS 155 resolves issues      addressed in Statement 133 Implementation Issue No. D1, “Application of      Statement 133 to Beneficial Interest in Securitized Financial      Assets.”  SFAS 155 is effective for all financial instruments      acquired or issued after the beginning of the first fiscal year that      begins after September 15, 2006.  As such, the Company is      required to adopt these provisions at the beginning of the fiscal year      ended August 31, 2008.  The Company is currently evaluating the      impact of SFAS 155 on its consolidated financial    instruments. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | In      March 2006, the FASB issued SFAS No. 156, “Accounting for Servicing of      Financial Assets – an amendment of FASB Statement No. 140” (“SFAS      156”).  SFAS 156 amends FASB Statement No. 140 with respect to      the accounting for separately recognized servicing assets and servicing      liabilities.  SFAS 156 requires all separately recognized      servicing assets and servicing liabilities to be initially measured at      fair value, if practical.  SFAS 156 is effective as of the      beginning of the first fiscal year that begins after September 15,      2006.  As such, the Company is required to adopt these      provisions at the beginning of the fiscal year ended August 31,      2008.  The Company is currently evaluating the impact of SFAS      156 on its consolidated financialstatements. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | In      September 2006, SEC Staff Accounting Bulletin No. 108 (“SAB 108”) was      issued to provide guidance on Quantifying Financial Statement      Misstatements. SAB 108 addresses how the effects of prior-year uncorrected      misstatements should be considered when quantifying misstatements in      current-year financial statements. The SAB 108 requires registrants to      quantify misstatements using both the balance sheet and income statement      approaches and to evaluate whether either approach results in quantifying      an error that is material in light of relevant quantitative and      qualitative factors. When the effect of initial adoption is determined to      be material, the SAB 108 allows registrants to record that effect as a      cumulative-effect adjustment to beginning-of-year retained earnings. SAB      108 is effective for fiscal years ending after November 15, 2006 and early      application is encouraged for any interim period of the first fiscal year      ending after that date.  The Company will adopt SAB 108 in      August, 2007 and is currently evaluating the impact of adopting SAB 108 on      its consolidated financialstatements. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| (FORMERLY      KNOWN AS GLOBAL WATAIRE INC.) |
|----------------------------------------------|

----

|  NOTE C      – | Recently      Issued Accounting Standards –continued |
|--------------------------------|------------------------------------------------------------|

|   | In      September 2006, the Financial Accounting Standards Board (“FASB”) issued      Statement of Financial Accounting Standard (“SFAS”) No. 157, "Fair Value      Measurements”.  SFAS 157 defines fair value, establishes a      framework for measuring fair value, and expands disclosures about fair      value measurements.  SFAS 157 is effective as of the beginning      of the first fiscal year that begins after November 15,      2007.  As such, the Company is required to adopt these      provisions at the beginning of the fiscal year ended August,      2008.  The Company is currently evaluating the impact of SFAS      157 on its consolidated financialstatements |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | In      February 2007, the Financial Accounting Standards Board (“FASB”) issued      Statement of Financial Accounting Standard (“SFAS”) No. 159, "The Fair      Value Option for Financial Assets and Financial Liabilities, including an      amendment of FASB Statement No. 115”.  SFAS 159 permits entities      to choose to measure many financial instruments and certain other items at      fair value at specified election dates.  This Statement applies      to all entities, including not-for-profit organizations.  SFAS      159 is effective as of the beginning of an entity’s first fiscal year that      begins after November 15, 2007.  As such, the Company is      required to adopt these provisions at the beginning of the fiscal year      ended August, 2008.  The Company is currently evaluating the      impact of SFAS 159 on its consolidated financial    statements. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| (FORMERLY      KNOWN AS GLOBAL WATAIRE INC.) |
|----------------------------------------------|

----

----

----

----

|   | (a)    | Reports      on Form 8-K and Form 8K-A                                                                                                                                                                  |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                                    |
|   |   | On      April 4, 2008 the Company filed an 8K with the SEC regarding the      Certificate of Amendment to the Articles of Amendment changing the      Company’s name to Global Earth energy, Inc. |
|   |   |                                                                                                                                                                                                    |
|   |   | On      December 19, 2007 the Company filed an 8K with the SEC regarding the      Investment Agreement by and between the Company and Dutchess Private      Equities Fund, LTD.                         |
|   |   |                                                                                                                                                                                                    |
|   | (b)    | Exhibits                                                                                                                                                                                                |
|   |   |                                                                                                                                                                                                    |
|   |   | Exhibit No.                                                                                                                                                                                             | Exhibit Title |
|   |   |                                                                                                                                                                                                    |   |
|   |   | 31.1                                                                                                                                                                                                    | Certification      of Sydney A. Harland, Chief Executive Officer of Global Earth Energy,      Inc., pursuant to 18 U.S.C.  §1350, as adopted pursuant to §302      of the Sarbanes-Oxley Act of 2002. |
|   |   | 31.2                                                                                                                                                                                               | Certification      of Edmund J. Gorman, Chief Financial Officer of Global Earth Energy, Inc.,      pursuant to 18 U.S.C.  §1350, as adopted pursuant to §302 of the      Sarbanes-Oxley Act of 2002. |
|   |   | 32.1                                                                                                                                                                                                    | Certification      of Sydney A. Harland, Chief Executive Officer of Global Earth Energy,      Inc., pursuant to 18 U.S.C.  §1350, as adopted pursuant to §906      of the Sarbanes-Oxley Act of 2002. |
|   |   | 32.2                                                                                                                                                                                                    | Certification      of Edmund J. Gorman, Chief Financial Officer of Global Earth Energy, Inc.,      pursuant to 18 U.S.C.  §1350, as adopted pursuant to §906 of the      Sarbanes-Oxley Act of 2002. |

----

| Signature                                        | Title                                                    | Date                |
|--------------------------------------------------|----------------------------------------------------------|---------------------|
|                                             |                                                     |                |
| /s/ Sydney A.      HarlandSydney      A. Harland | President,Chief      Executive Officerand      Director  | April      17, 2008 |
|                                             |                                                     |                |
| /s/ Edmund J.      GormanEdmund      J. Gorman   | Chief      Financial Officer,Secretary      and Director | April      17, 2008 |
|                                             |                                                     |                |
| /s/ Betty-Ann      HarlandBetty-Ann      Harland | Chairman                                                 | April      17, 2008 |
|                                             |                                                     |                |
| /s/ Robert      GlassenRobert      Glassen       | Director                                                 | April      17, 2008 |
|                                             |                                                     |                |
| /s/ Arthur N.      KellyArthur      N. Kelly     | Director                                                 | April      17, 2008 |
|                                             |                                                     |                |
| /s/ Richard      ProulxRichard      Proulx       | Director                                                 | April      17, 2008 |
|                                             |                                                     |                |