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| Delaware                                                            |   | 22-3757709                           |
|---------------------------------------------------------------------|--------|--------------------------------------|
| (State or other jurisdiction of incorporation or organization) |   | (I.R.S. Employer Identification No.) |

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|              |                                                                                                                                                                                       | PAGE   |
|-------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| PART I.           | FINANCIAL INFORMATION                                                                                                                                                                      |   |
|              |                                                                                                                                                                                       |   |
| Item 1.           | Financial Statements                                                                                                                                                                       |   |
|              |                                                                                                                                                                                       |   |
|              | Consolidated Balance Sheets as of March 31, 2010 (Unaudited) (Restated) and December 31, 2009                                                                                              | 1      |
|              |                                                                                                                                                                                       |   |
|              | Consolidated Statements of Operations for the three months ended March 31, 2010 and for the period from  September 17, 2009 (Inception) through March 31, 2010 (Unaudited) (Restated) | 2      |
|              |                                                                                                                                                                                       |   |
|              | Consolidated Statement of Stockholders’ Equity for the period from September 17, 2009 (Inception) through March 31, 2010 (Unaudited)                                                 | 3      |
|              |                                                                                                                                                                                       |   |
|              | Consolidated Statements of Cash Flows for the three months ended March 31, 2010 andfor the period from September 17, 2009 (Inception) through March 31, 2010 (Unaudited) (Restated)   | 4      |
|              |                                                                                                                                                                                       |   |
|              | Notes to the Consolidated Financial Statements (Unaudited)                                                                                                                                 | 5      |
|              |                                                                                                                                                                                       |   |
| Item 2.           | Management's Discussion and Analysis of Financial Condition and Results of Operations                                                                                                      | 16     |
|              |                                                                                                                                                                                       |   |
| Item 3.           | Quantitative and Qualitative Disclosures about Market Risk                                                                                                                                 |   |
|              |                                                                                                                                                                                       |   |
| Item 4.           | Controls and Procedures                                                                                                                                                                    | 18     |
|              |                                                                                                                                                                                       |   |
| PART II.          | OTHER INFORMATION                                                                                                                                                                          |   |
|              |                                                                                                                                                                                       |   |
| Item 1.           | Legal Proceedings                                                                                                                                                                          | 19     |
|              |                                                                                                                                                                                       |   |
| Item 1A.          | Risk Factors                                                                                                                                                                               | 19     |
|              |                                                                                                                                                                                       |   |
| Item 2.           | Unregistered Sales of Equity Securities and Use of Proceeds                                                                                                                                | 19     |
|              |                                                                                                                                                                                       |   |
| Item 3.           | Defaults upon Senior Securities                                                                                                                                                            | 20     |
|              |                                                                                                                                                                                       |   |
| Item 4.           | (Removed and Reserved)                                                                                                                                                                     | 20     |
|              |                                                                                                                                                                                       |   |
| Item 5.           | Other Information                                                                                                                                                                          | 20     |
|              |                                                                                                                                                                                       |   |
| Item 6.           | Exhibits                                                                                                                                                                                   | 20     |
|              |                                                                                                                                                                                       |   |
| Signatures        |                                                                                                                                                                                       | 23     |
|              |                                                                                                                                                                                       |   |
| Index of Exhibits | E-1                                                                                                                                                                                        |

----

| Three Months Ended March 31, 2010:           |   | As reported |     |   | Adjustment |   |    | As Restated |   |
|----------------------------------------------|--------|-------------|----------|--------|------------|--------|---------|-------------|--------|
|                                         |   |        |     |   |       |   |    |        |   |
| Total Operating Expenses                     |   | $           | 183,765  |   |       | $      | (41,164 | )           |   | $ | 142,601 |   |
| Net Loss                                     |   |        | (181,419 | )      |       |   | 41,164  |        |   |   | (140,255 | ) |
|                                         |   |        |     |   |       |   |    |        |   |   |   |   |
| Net loss per common share-basic and diluted: |   |        |     |   |       |   |    |        |   |   |   |   |
|                                         |   |        |     |   |       |   |    |        |   |   |   |   |
| Net loss per common share                    |   |        | (0.00    | )      |       |   | (0.00   | )           |   |   | (0.00 | ) |

----

|                                                                |   | March 31,2010 |      |   | December 31,2009 |   |
|---------------------------------------------------------------------|--------|---------------|-----------|--------|------------------|--------|
|                                                                |   | (Unaudited)   |      |   |             |   |
|                                                                |   | (Restated)    |      |   |             |   |
| Current Assets                                                      |   |          |      |   |             |   |
| Cash                                                                |   | $             | 658,099   |   |             | $      | 1,088,522 |   |
|                                                                |   |          |      |   |             |   |   |   |
|                                                                |   |          |      |   |             |   |   |   |
| Total Current Assets                                                |   |          | 658,099   |   |             |   | 1,088,522 |   |
|                                                                |   |          |      |   |             |   |   |   |
| Deposits                                                            |   |          | 351,463   |   |             |   | 49,990 |   |
|                                                                |   |          |      |   |             |   |   |   |
| Total Assets                                                        |   | $             | 1,009,562 |   |             | $      | 1,138,512 |   |
|                                                                |   |          |      |   |             |   |   |   |
| Liabilities and Stockholders’ Equity                          |   |          |      |   |             |   |   |   |
|                                                                |   |          |      |   |             |   |   |   |
| Liabilities                                                         |   |          |      |   |             |   |   |   |
| Current Liabilities                                                 |   |          |      |   |             |   |   |   |
| Accounts payable and accrued liabilities                            |   | $             | 10,733    |   |             | $      | 5,733 |   |
|                                                                |   |          |      |   |             |   |   |   |
|                                                                |   |          |      |   |             |   |   |   |
| Total Current Liabilities                                           |   |          | 10,733    |   |             |   | 5,733 |   |
|                                                                |   |          |      |   |             |   |   |   |
| Total Liabilities                                                   |   |          | 10,733    |   |             |   | 5,733 |   |
|                                                                |   |          |      |   |             |   |   |   |
| Stockholders’ Equity                                          |   |          |      |   |             |   |   |   |
| Preferred stock, $0.000001 par value; 20,000,000 shares authorized; |   |          |      |   |             |   |   |   |
| no shares issued and outstanding                                    |   |          | -         |   |             |   | - |   |
| Common stock, $0.000001 par value; 1,000,000,000 shares authorized; |   |          |      |   |             |   |   |   |
| 43,199,750 shares issued and outstanding                            |   |          | 43        |   |             |   | 43 |   |
| Additional paid in capital                                          |   |          | 1,228,248 |   |             |   | 1,186,646 |   |
| Deferred compensation                                               |   |          | (35,297   | )      |             |   | - |   |
| Deficit accumulated during the development stage                    |   |          | (194,165  | )      |             |   | (53,910 | ) |
|                                                                |   |          |      |   |             |   |   |   |
| Total Stockholders’ Equity                                    |   |          | 998,829   |   |             |   | 1,132,779 |   |
|                                                                |   |          |      |   |             |   |   |   |
| Total Liabilities and Stockholders’ Equity                    |   | $             | 1,009,562 |   |             | $      | 1,138,512 |   |
|                                                                |   |          |      |   |             |   |   |   |
|                                                                |   |          |      |   |             |   |   |   |

----

|                                                                           |   |    Three MonthsEnded March 31, 2010 |        |   | Period fromSeptember 17, 2009(Inception)throughMarch 31, 2010 |   |
|--------------------------------------------------------------------------------|--------|---------------------------------------------------------|-------------|--------|---------------------------------------------------------------|--------|
|                                                                           |   |                                                    |        |   |                                                          |   |
| Revenue                                                                        |   | $                                                       | -           |   |                                                          | $      | - |   |
|                                                                           |   |                                                    |        |   |                                                          |   |   |   |
| Operating Expenses:                                                            |   |                                                    |        |   |                                                          |   |   |   |
| Professional fees                                                              |   |                                                    | 66,696      |   |                                                          |   | 110,352 |   |
| General and administrative                                                     |   |                                                    | 75,905      |   |                                                          |   | 86,453 |   |
|                                                                           |   |                                                    |        |   |                                                          |   |   |   |
| Total Operating Expenses                                                       |   |                                                    | 142,601     |   |                                                          |   | 196,805 |   |
|                                                                           |   |                                                    |        |   |                                                          |   |   |   |
| Loss from Operations                                                           |   |                                                    | (142,601    | )      |                                                          |   | (196,805 | ) |
|                                                                           |   |                                                    |        |   |                                                          |   |   |   |
| Other Income (Expense):                                                        |   |                                                    |        |   |                                                          |   |   |   |
| Interest income                                                                |   |                                                    | 2,346  |   |                                                          |   | 2,640 |   |
| Interest (expense)                                                             |   |                                                    | -           |   |                                                          |   |  - |   |
| Total Other Income (Expense)                                                   |   |                                                    | 2,346       |   |                                                          |   | 2,640 |   |
|                                                                           |   |                                                    |        |   |                                                          |   |   |   |
| Loss Before Income Taxes                                                       |   |                                                    | (140,255    | )      |                                                          |   | (194,165 | ) |
|                                                                           |   |                                                    |        |   |                                                          |   |   |   |
| Provision for Income Taxes                                                     |   |                                                    | -           |   |                                                          |   | - |   |
|                                                                           |   |                                                    |        |   |                                                          |   |   |   |
| Net Loss                                                                       |   | $                                                       | (140,255    | )      |                                                          | $      | (194,165 | ) |
|                                                                           |   |                                                    |        |   |                                                          |   |   |   |
| Net loss per common share – basic and diluted                            |   | $                                                       | (0.00       | )      |                                                          | $      | (0.00 | ) |
|                                                                           |   |                                                    |        |   |                                                          |   |   |   |
| Weighted average number of common shares outstanding – basic and diluted |   |                                                    | 43,199,750  |   |                                                          |   | 43,199,750 |   |
|                                                                           |   |                                                    |        |   |                                                          |   |   |   |

----

|                                      |   | Common Stock |       |   |  Additional |   |   |  Deferred  |   |   |  DeficitAccumulatedDuring theDevelopment |   |   |  Total Stockholders’ |    |
|-------------------------------------------|--------|--------------|------------|--------|------------------|--------|--------|-----------------|--------|--------|-----------------------------------------------|--------|--------|---------------------------------|---------|
|                                      |   | Shares       |       |   | Amount           |   |   | Paid In Capital |   |   | Compensation                                  |   |   | Stage                           |    |   |  Equity |   |
|                                      |   |         |       |   |             |   |   |            |   |   |                                          |   |   | (Restated)                      |    |   | (Restated) |   |
| September 17, 2009                        |   |         |       |   |             |   |   |            |   |   |                                          |   |   |                            |    |   |   |   |   |   |   |   |   |   |
|      (Inception) |   |         | 38,099,250 |   |             | $      | 38     |            |   | $      | 1,476,541                                     |   |   | $                               | -       |   |   | $ | - |   |   | $ | 1,476,579 |   |
|                                      |   |         |       |   |             |   |   |            |   |   |                                          |   |   |                            |    |   |   |   |   |   |   |   |   |   |
| Reverse acquisition adjustment            |   |         | 5,100,500  |   |             |   | 5      |            |   |   | (289,895                                      | )      |   |                            |    |   |   |   |   - |   |   |   | (289,890 | ) |
|                                      |   |         |       |   |             |   |   |            |   |   |                                          |   |   |                            |    |   |   |   |   |   |   |   |   |   |
| Net loss                                  |   |         |       |   |             |   |   |            |   |   |                                          |   |   |                            |    |   |   |   | (53,910 | ) |   |   | (53,910 | ) |
|                                      |   |         |       |   |             |   |   |            |   |   |                                          |   |   |                            |    |   |   |   |   |   |   |   |   |   |
| Balance, December 31, 2009                |   |         | 43,199,750 |   |             |   | 43     |            |   |   | 1,186,646                                     |   |   |                            | -       |   |   |   | (53,910 | ) |   |   | 1,132,779 |   |
|                                      |   |         |       |   |             |   |   |            |   |   |                                          |   |   |                            |    |   |   |   |   |   |   |   |   |   |
| Stock options issued for services         |   |         |       |   |             |   |   |            |   |   | 41,602                                        |   |   |                            | (41,602 | ) |   |   |   |   |   |   | - |   |
|                                      |   |         |       |   |             |   |   |            |   |   |                                          |   |   |                            |    |   |   |   |   |   |   |   |   |   |
| Amortization of stock based compensation  |   |         |       |   |             |   |   |            |   |   |                                          |   |   |                            | 6,305   |   |   |   |   |   |   |   | 6,305 |   |
|                                      |   |         |       |   |             |   |   |            |   |   |                                          |   |   |                            |    |   |   |   |   |   |   |   |   |   |
| Net loss                                  |   |         |       |   |             |   |   |            |   |   |                                          |   |   |                            |    |   |   |   | (140,255 | ) |   |   | (140,255 | ) |
|                                      |   |         |       |   |             |   |   |            |   |   |                                          |   |   |                            |    |   |   |   |   |   |   |   |   |   |
| Balance, March 31, 2010                   |   |         | 43,199,750 |   |             | $      | 43     |            |   | $      | 1,228,248                                     |   |   | $                               | (35,297 | ) |   | $ | (194,165 | ) |   | $ | 998,829 |   |
|                                      |   |         |       |   |             |   |   |            |   |   |                                          |   |   |                            |    |   |   |   |   |   |   |   |   |   |

----

|                                                                             |   |   Three MonthsEnded March 31, 2010 |      |   | Period fromSeptember 17,2009 (Inception)throughMarch 31,2010 |   |
|----------------------------------------------------------------------------------|--------|--------------------------------------------------------|-----------|--------|-------------------------------------------------------------------|--------|
|                                                                             |   |                                                   |      |   |                                                              |   |
| Cash Flows from Operating Activities:                                            |   |                                                   |      |   |                                                              |   |
| Net loss                                                                         |   | $                                                      | (140,255  | )      |                                                              | $      | (194,165 | ) |
| Adjustments to reconcile net loss to net cash used in operating activities: |   |                                                   |      |   |                                                              |   |   |   |
| Stock compensation                                                               |   |                                                   | 6,305     |   |                                                              |   | 8,305 |   |
| Changes in operating assets and liabilities:                                     |   |                                                   |      |   |                                                              |   |   |   |
| Increase in deposits                                                             |   |                                                   | (301,473  | )      |                                                              |   | (351,463 | ) |
| Increase in accounts payable and accrued liabilities                             |   |                                                   | 5,000     |   |                                                              |   | 10,738 |   |
|                                                                             |   |                                                   |      |   |                                                              |   |   |   |
| Net cash used in operating activities                                            |   |                                                   | (430,423  | )      |                                                              |   | (526,585 | ) |
|                                                                             |   |                                                   |      |   |                                                              |   |   |   |
| Cash Flows From Financing Activities:                                            |   |                                                   |      |   |                                                              |   |   |   |
| Proceeds from sale of common stock                                               |   |                                                   | -         |   |                                                              |   | 1,184,684 |   |
|                                                                             |   |                                                   |      |   |                                                              |   |   |   |
| Net cash provided by financing activities                                        |   |                                                   | -         |   |                                                              |   | 1,184,684 |   |
|                                                                             |   |                                                   |      |   |                                                              |   |   |   |
| Increase (decrease) in cash                                                      |   |                                                   | (430,423  | )      |                                                              |   | 658,099 |   |
|                                                                             |   |                                                   |      |   |                                                              |   |   |   |
| Cash at beginning of period                                                      |   |                                                   | 1,088,522 |   |                                                              |   | - |   |
|                                                                             |   |                                                   |      |   |                                                              |   |   |   |
| Cash at end of period                                                            |   | $                                                      | 658,099   |   |                                                              | $      | 658,099 |   |
|                                                                             |   |                                                   |      |   |                                                              |   |   |   |
| Supplemental Disclosures of Cash Flow Information:                               |   |
| Cash paid for:                                                                   |   |                                                   |      |   |                                                              |   |   |   |
| Interest                                                                         |   | $                                                      | -         |   |                                                              | $      | - |   |
| Income taxes                                                                     |   | $                                                      | -         |   |                                                              | $      | - |   |
|                                                                             |   |                                                   |      |   |                                                              |   |   |   |

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|    |   |                                                                                                                                                        |
|---------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Level 1 |   | Quoted market prices available in active markets for identical assets or liabilities as of the reporting date.                                              |
| Level 2 |   | Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date. |
| Level 3 |   | Pricing inputs that are generally observable inputs and not corroborated by market data.                                                                    |

|                    |  March 31, 2010 |
|-------------------------|----------------------|
| Risk-free interest rate | 3.0%                 |
| Dividend yield          | 0.00%                |
| Expected volatility     | 100%                 |
| Expected option life    | 5 years              |

|   | · (a)   (a) The expected volatility is based on a combination of the historical volatility of the Company’s and comparable companies’ stock over the contractual life of the options; |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · (b)   (b) The Company uses historical data to estimate employee termination behavior. The expected life of options granted is derived from paragraph 718-10-S99-1 of the Codification and represents the period of time the options are expected to be outstanding; |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · (c)   (c) The risk-free interest rate is based on the U.S. Department of the Treasury yield curve in effect at the time of grant for periods within the contractual life of the option; and |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · (d)   (d) The expected dividend yield is based on the Company’s current dividend yield as the best estimate of projected dividend yield for periods within the contractual life of the option. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| (a) | a statement of management’s responsibility for establishing and maintaining adequate internal control over its financial reporting; |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------|

| (b) | a statement of management’s assessment of the effectiveness of its internal control over financial reporting; and |
|-----|-------------------------------------------------------------------------------------------------------------------------|

| (c) | a statement of the framework used by management to evaluate the effectiveness of the Company’s internal control over financial reporting. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------|

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|   | (a) | A subsidiary or group of assets that is a business or nonprofit activity; |
|--------|-----|---------------------------------------------------------------------------|

|   | (b) | A subsidiary that is a business or nonprofit activity that is transferred to an equity method investee or joint venture; and |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------|

|   | (c) | An exchange of a group of assets that constitutes a business or nonprofit activity for a noncontrolling interest in an entity (including an equity method investee or joint venture). |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (a) | Sales of in substance real estate.  Entities should apply the sale of real estate guidance in Subtopics 360-20 (Property, Plant, and Equipment) and 976-605 (Retail/Land) to such transactions; and |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | Conveyances of oil and gas mineral rights.  Entities should apply the mineral property conveyance and related transactions guidance in Subtopic 932-360 (Oil and Gas-Property, Plant, and Equipment) to such transactions. |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|                                         |   | Number of Option Shares | Exercise Price Range Per Share | Weighted Average Exercise Price | WeightedAverageRemaining(in years)Contractual Term |   | Intrinsic Value (in thousands) |   |
|----------------------------------------------|--------|----------------------------------------|----------------------------------------------------|-------------------------------------------|---------------------------------------------------------|--------|------------------------------------------|--------|
|                                         |   |                                   |                                               |                                      |                                                    |   |                                     |   |
| Balance, January 1, 2010                     |   |                                   | -                                                  |                                      |                                                    | $      | -                                        |   |   | $ |  - |   |   |   | $  |                ---  |   |
| Granted                                      |   |                                   |      220,000              |                                      |                                                    | $      | 0.25                                     |   |   | $ | 0.25 |   | .5 |   | $ |                ---  |   |
| Cancelled                                    |   |                                   | -                                                  |                                      |                                                    | $      | -                                        |   |   | $ | - |   |   |   | $ |                 ---  |   |
| Balance, March 31, 2010                      |   |                                   |      220,000              |                                      |                                                    | $      | 0.25                                     |   |   |   | 0.25 |   |   |   |   |   |   |
| Vested and Exercisable                       |   |                                   |                                               |                                      |                                                    |   |                                     |   |   |   |   |   |   |   |   |   |   |
|      March 31, 2010 |   |                                   |        33,340   |                                      |                                                    | $      | 0.25                                     |   |   | $ | 0.25 |   | .5 |   | $   | --- |   |

|                     |   |   | Options Outstanding |   | Options Exercisable                                      |   |
|--------------------------|--------|--------|---------------------|--------|----------------------------------------------------------|--------|
| Range of Exercise Prices |   |   | Number Outstanding  |   | Average Remaining Contractual Life  (in years) |   | Weighted Average Exercise Price |   | Number Exercisable | Average Remaining Contractual Life  (in years) |   | Weighted Average Exercise Price |   |
|                     |   |   |                |   |                                                     |   |   |   |   |   |   |   |   |   |   |   |
| $                        | 0.25   |   |                |   | 220,000                                                  |   | 0.50 |   | $ | 0.25 |   | 33,340 | 0.50 |   | $ | 0.25 |   |
|                     |   |   |                |   |                                                     |   |   |   |   |   |   |   |   |   |   |   |   |
| $                        | 0.25   |   |                |   | 220,000                                                  |   | 0.50 |   | $ | 0.25 |   | 33,340 | 0.50 |   | $ | 0.25 |   |

----

| Statement of OperationsThree Months Ended March 31, 2010: |   | As reported |     |   | Adjustment |   |    | As Restated |   |
|-----------------------------------------------------------|--------|-------------|----------|--------|------------|--------|---------|-------------|--------|
|                                                      |   |        |     |   |       |   |    |        |   |
| Total Operating Expenses                                  |   | $           | 183,765  |   |       | $      | (41,464 | )           |   | $ | 142,601 |   |
| Net Loss                                                  |   |        | (181,419 | )      |       |   | 41,464  |        |   |   | (140,255 | ) |
|                                                      |   |        |     |   |       |   |    |        |   |   |   |   |
| Net Loss per common share-basic and diluted:              |   |        |     |   |       |   |    |        |   |   |   |   |
|                                                      |   |        |     |   |       |   |    |        |   |   |   |   |
| Net loss per common share                                 |   |        | (0.00    | )      |       |   | (0.00   | )           |   |   | (0.00 | ) |

| Balance SheetMarch 31, 2010:                     |   | As reported |     |   | Adjustment |   |    | As Restated |   |
|--------------------------------------------------|--------|-------------|----------|--------|------------|--------|---------|-------------|--------|
|                                             |   |        |     |   |       |   |    |        |   |
| Assets                                           |   |        |     |   |       |   |    |        |   |
| Deposits                                         |   |        | 310,299  |   |       |   | 41,164  |        |   |   | 351,463 |   |
|                                             |   |        |     |   |       |   |    |        |   |   |   |   |
| Stockholders’ Equity                       |   |        |     |   |       |   |    |        |   |   |   |   |
| Deficit accumulated during the development stage |   |        | (235,329 | )      |       |   | (41,164 | )           |   |   | (194,165 | ) |

| Statement of Cash FlowsThree Months Ended March 31, 2010: |   | As reported |     |   | Adjustment |   |    | As Restated |   |
|-----------------------------------------------------------|--------|-------------|----------|--------|------------|--------|---------|-------------|--------|
|                                                      |   |        |     |   |       |   |    |        |   |
| Cash Flows from Operating Activities                      |   |        |     |   |       |   |    |        |   |
| NetLoss                                                   |   | $           | (181,419 | )      |       | $      | (41,164 | )           |   | $ | (140,255 | ) |
| Increase in Deposits                                      |   |        | (260,309 | )      |       |   | 41,164  |        |   |   | (301,473 | ) |
| Net Cash used in Operating Activities                     |   |        | (430,423 | )      |       |   | -       |        |   |   | (430,423 | ) |
|                                                      |   |        |     |   |       |   |    |        |   |   |   |   |
| Cash at end of period                                     |   |        | 658,099  |   |       |   | -       |        |   |   | 658,099 |   |

----

| Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations |
|---------|---------------------------------------------------------------------------------------------|

----

| Item 3. | Quantitative and Qualitative Disclosures About Market Risk |
|---------|------------------------------------------------------------|

----

| Item 4. | Controls and Procedures |
|---------|-------------------------|

----

| PART II.  OTHER INFORMATION |
|---------------------------------------|

| Item 1. | Legal Proceedings |
|---------|-------------------|

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

| Item 2. | Unregistered Sales of Equity Securities and Use of Proceeds |
|---------|-------------------------------------------------------------|

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| Item 3. | Defaults Upon Senior Securities |
|---------|---------------------------------|

| Item 4. | (Removed and Reserved.) |
|---------|-------------------------|

| Item 5. | Other Information |
|---------|-------------------|

| Item 6. | Exhibits |
|---------|----------|

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|                                                                                                                   |  Atlantic Green Power Holding Company  |
|------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------|
|                                                                                                                   |  Registrant                                 |
|                                                                                                                   |                                             |
|  Date:             December 14, 2010        |  /s/ Robert Demos, Jr.                      |
|                                                                                                                   |  Robert Demos, Jr.                          |
|                                                                                                                   |  President and Chief Executive Officer      |
|                                                                                                                   |  (Principal Executive Officer)              |
|                                                                                                                   |                                             |
|  Date:             December 14, 2010   |   /s/ R. Scott Byrne                   |
|                                                                                                                   |  R. Scott Byrne                             |
|                                                                                                                   |  Chief Operating Officer, Secretary,   |
|                                                                                                                   |  Treasurer (Principal Financial Officer)    |
|                                                                                                                   |                                             |
|                                                                                                                   |                                             |

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| EXHIBIT INDEX |
|---------------|

| Exhibit No. | Description                                                                                                                                                                                                                                           |
|-------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 2.1         | Agreement and Plan of Exchange by and among the Company, Atlantic Green Power Corporation and Ian McKinnon, dated January 29, 2010 (Incorporated by reference to Exhibit 2.1 to the Company’s Form 8-K filed with the SEC on February 4, 2010). |
| 2.2         | Stock Purchase Agreement by and between the Company and Ian McKinnon, dated January 29, 2010 (Incorporated by reference to Exhibit 2.2 to the Company’s Form 8-K filed with the SEC on February 4, 2010).                                       |
| 3.1         | Amended and Restated Certificate of Incorporation of the Company (Incorporated by reference to Exhibit 3.1 to the Company’s Form 8-K filed with the SEC on February 4, 2010).                                                                   |
| 3.2         | Amended and Restated By-laws of the Company (Incorporated by reference to Exhibit 3.2 to the Company’s Form 8-K filed with the SEC on February 4, 2010).                                                                                        |
| 10.1        | Mineral Claim Option Agreement between the Company and Claim Lake Nickel, Inc. dated March 13, 2007 (Incorporated by reference to Exhibit 10.1 to the Company’s Registration Statement on Form SB-2 filed with the SEC on May 30, 2007).        |
| 10.2        | Amendment #1 to Mineral Claim Option Agreement between the Company and Claim Lake Nickel, Inc. dated March 13, 2007 (Incorporated by reference to Exhibit 10.2 to the Company’s Form 10-K filed with the SEC on April 15, 2009).                |
| 10.3        | Amendment #2 to Mineral Claim Option Agreement between the Company and Claim Lake Nickel, Inc. dated March 13, 2007 (Incorporated by reference to Exhibit 10.3 to the Company’s Form 10-K filed with the SEC on April 15, 2009).                |
| 10.4        | Atlantic Green Power Holding Company Equity Incentive Plan (Incorporated by reference to Exhibit 10.1 to the Company’s Form 8-K filed with the SEC on February 4, 2010).                                                                        |
| 10.5        | Ground Lease Agreement between Edward Stella, Jr. and Atlantic Green Power Corporation, effective November 30, 2009 (Incorporated by reference to Exhibit 10.5 to the Company’s Form 10-K filed with the SEC on March 31, 2010).                |
| 31.1        | Section 302 Certification of Principal Executive Officer.                                                                                                                                                                                             |
| 31.2        | Section 302 Certification of Principal Financial Officer.                                                                                                                                                                                             |
| 32.1        | Certification of Principal Executive Officer pursuant to 18 U.S.C. Section 1350.                                                                                                                                                                      |
| 32.2        | Certification of Principal Financial Officer pursuant to 18 U.S.C. Section 1350.                                                                                                                                                                      |

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