----

----

| x      | QUARTERLY REPORT UNDER TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934     |
|--------|------------------------------------------------------------------------------------------|
|   | FOR THE QUARTERLY PERIOD ENDED AUGUST 31, 2010                                           |
|   |                                                                                     |
| OR     |                                                                                     |
|   |                                                                                     |
| o      | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |

|  Non-accelerated Filer     o   |  Accelerated Filer       o |
|------------------------------------------------------------------------|--------------------------------------------------------------------|
|  Smaller Reporting Company x                                      |  Large Accelerated Filer  o                         |

----

|                                                                                                           | Page   |
|----------------------------------------------------------------------------------------------------------------|--------|
| PART I                                                                                                         |   |
| Item 1.  Financial Statements                                                                        | 1-20   |
| Item 2.  Management’s Discussion and Analysis of Financial Condition and Results of Operations | 21     |
| Item 3.  Quantitative and Qualitative Disclosures About Market Risk                                  | 27     |
| Item 4. Controls and Procedures                                                                                | 27     |
|                                                                                                           |   |
| PART II                                                                                                        |   |
| Item 1. Legal Proceedings                                                                                      | 27     |
| Item 1A. Risk Factors                                                                                          | 28     |
| Item 2. Unregistered Sales of Equity Securities and Use of Proceeds                                            | 28     |
| Item 3. Defaults Upon Senior Securities                                                                        | 28     |
| Item 4. Removed and Reserved                                                                                   | 28     |
| Item 5. Other Information                                                                                      | 29     |
| Item 6. Exhibits                                                                                               | 29     |

----

| GreenChek Technology Inc.                                        |                                     |   |        |       |   |         |   |
|------------------------------------------------------------------|------------------------------------------|--------|-------------|------------|--------|--------------|--------|
| (A Development Stage Company)                                    |                                     |   |        |       |   |         |   |
| Balance Sheets                                                   |                                     |   |        |       |   |         |   |
| (Expressed in US Dollars)                                        |                                     |   |        |       |   |         |   |
|                                                             |                                     |   |        |       |   |         |   |
|                                                             |                                     |   | August 31,  |       |   | February, 28 |   |
|                                                             |                                     |   | 2010        |       |   | 2010         |   |
|                                                             |                                     |   | (Unaudited) |       |   |         |   |
|                                                             |                                     |   |        |       |   |         |   |
|                                                             | ASSETS                                   |   |        |       |   |         |   |
| Current Assets                                                   |                                     |   |        |       |   |         |   |
| Cash                                                             |                                     |   | $           | 326        |   |         | $      | 2,048 |   |
| Inventory (Note 3)                                               |                                     |   |        | 68,397     |   |         |   | 51,660 |   |
| Prepaid expenses and other current assets                        |                                     |   |        | 62,160     |   |         |   | 33,217 |   |
| Total current assets                                             |                                     |   |        | 130,883    |   |         |   | 86,925 |   |
| License agreement costs, net of accumulated                      |                                     |   |        |       |   |         |   |   |   |
| amortization and allowance for impairment (Note 4)               |                                     |   |        | -          |   |         |   | - |   |
| Equipment, net (Note 5)                                          |                                     |   |        | 2,513      |   |         |   | 2,938 |   |
| Total Assets                                                     |                                     |   | $           | 133,396    |   |         | $      | 89,863 |   |
|                                                             |                                     |   |        |       |   |         |   |   |   |
|                                                             |                                     |   |        |       |   |         |   |   |   |
|                                                             |                                     |   |        |       |   |         |   |   |   |
|                                                             |                                     |   |        |       |   |         |   |   |   |
|                                                             | LIABILITIES AND STOCKHOLDERS' DEFICIENCY |   |        |       |   |         |   |   |   |
| Current Liabilities                                              |                                     |   |        |       |   |         |   |   |   |
| Accounts payable and accrued liabilities                         |                                     |   | $           | 95,833     |   |         | $      | 53,796 |   |
| Notes and loans payable - current portion (Note 6)               |                                     |   |        | 140,203    |   |         |   | 79,423 |   |
| Deferred revenue                                                 |                                     |   |        | -          |   |         |   | 5,067 |   |
| Due to related parties (Note 7)                                  |                                     |   |        | 363,748    |   |         |   | 268,703 |   |
| Derivative liability                                             |                                     |   |        | 61,773     |   |         |   | - |   |
| Amount due to licensor of license agreement (Note 8)             |                                     |   |        | 2,500,000  |   |         |   | 2,500,000 |   |
| Total Current Liabilities                                        |                                     |   |        | 3,161,557  |   |         |   | 2,906,989 |   |
| Notes and loans payable - non-current portion (Note 6)           |                                     |   |        | -          |   |         |   | 160,692 |   |
| Total liabilities                                                |                                     |   |        | 3,161,557  |   |         |   | 3,067,681 |   |
|                                                             |                                     |   |        |       |   |         |   |   |   |
|                                                             |                                     |   |        |       |   |         |   |   |   |
| Stockholders' Deficiency                                         |                                     |   |        |       |   |         |   |   |   |
| Preferred Stock, $0.00001 par value;                             |                                     |   |        |       |   |         |   |   |   |
| authorized 100,000,000 shares, none issued and outstanding       |                                     |   |        | -          |   |         |   | - |   |
| Common Stock, $0.00001 par value; authorized 100,000,000 shares, |                                     |   |        |       |   |         |   |   |   |
| issued 75,088,000 and 88,631,333 shares, respectively            |                                     |   |        | 751        |   |         |   | 886 |   |
| Additional paid-in capital                                       |                                     |   |        | 1,955,013  |   |         |   | 1,492,378 |   |
| Common stock to be issued                                        |                                     |   |        | 12,062     |   |         |   | - |   |
| Treasury Stock, 35,000,000 shares held at February 28, 2010      |                                     |   |        | -          |   |         |   | (100,000 | ) |
| Deficit accumulated during the development stage                 |                                     |   |        | (4,995,987 | )      |         |   | (4,371,082 | ) |
| Total Stockholders' Deficiency                                   |                                     |   |        | (3,028,161 | )      |         |   | (2,977,818 | ) |
| Total Liabilities and Stockholders' Deficiency                   |                                     |   | $           | 133,396    |   |         | $      | 89,863 |   |

----

| GreenChek Technology Inc.                                                   |   |                                             |       |   |                                             |   |       |                                           |   |   |                                           |   |   |                                                                  |       |
|-----------------------------------------------------------------------------|--------|--------------------------------------------------|------------|--------|--------------------------------------------------|--------|------------|------------------------------------------------|--------|--------|------------------------------------------------|--------|--------|-----------------------------------------------------------------------|------------|
| (A Development Stage Company)                                               |   |                                             |       |   |                                             |   |       |                                           |   |   |                                           |   |   |                                                                  |       |
| Statements of Operations                                                    |   |                                             |       |   |                                             |   |       |                                           |   |   |                                           |   |   |                                                                  |       |
| (Expressed in US Dollars)                                                   |   |                                             |       |   |                                             |   |       |                                           |   |   |                                           |   |   |                                                                  |       |
| (Unaudited)                                                                 |   |                                             |
|                                                                        |   |                                             |       |   |                                             |   |       |                                           |   |   |                                           |   |   |                                                                  |       |
|                                                                        |   | For the three month period ended August 31, 2010 |       |   | For the three month period ended August 31, 2009 |   |       | For the six month period ended August 31, 2010 |   |   | For the six month period ended August 31, 2009 |   |   | Period from September 12, 2006 (Date of Inception) To August 31, 2010 |       |
|                                                                        |   |                                             |       |   | (As reclassified)                                |   |       |                                           |   |   | (As reclassified)                              |   |   | (As reclassified)                                                     |       |
|                                                                        |   |                                             |       |   |                                             |   |       |                                           |   |   |                                           |   |   |                                                                  |       |
|                                                                        |   |                                             |       |   |                                             |   |       |                                           |   |   |                                           |   |   |                                                                  |       |
| Sales                                                                       |   | $                                                | -          |   |                                             | $      | -          |                                           |   | $      | 5,067                                          |   |   | $                                                                     | -          |   |   | $ | 5,067 |   |
| Cost of sales                                                               |   |                                             | -          |   |                                             |   | -          |                                           |   |   | 7,000                                          |   |   |                                                                  | -          |   |   |   | 7,000 |   |
| Gross profit (loss)                                                         |   |                                             | -          |   |                                             |   | -          |                                           |   |   | (1,933                                         | )      |   |                                                                  | -          |   |   |   | (1,933 | ) |
|                                                                        |   |                                             |       |   |                                             |   |       |                                           |   |   |                                           |   |   |                                                                  |       |   |   |   |   |   |
| Costs and expenses                                                          |   |                                             |       |   |                                             |   |       |                                           |   |   |                                           |   |   |                                                                  |       |   |   |   |   |   |
| General and administrative expenses                                         |   |                                             | 77,307     |   |                                             |   | 42,488     |                                           |   |   | 141,264                                        |   |   |                                                                  | 83,675     |   |   |   | 414,142 |   |
| Consulting fees and services                                                |   |                                             | 123,061    |   |                                             |   | 32,489     |                                           |   |   | 222,792                                        |   |   |                                                                  | 47,489     |   |   |   | 442,708 |   |
| Research and development                                                    |   |                                             | 1,521      |   |                                             |   | 10,958     |                                           |   |   | 3,671                                          |   |   |                                                                  | 32,942     |   |   |   | 162,500 |   |
| Amortization of license agreement costs                                     |   |                                             | -          |   |                                             |   | -          |                                           |   |   | -                                              |   |   |                                                                  | -          |   |   |   | 20,394 |   |
| Provision for impairment of license agreement costs                         |   |                                             | -          |   |                                             |   | -          |                                           |   |   | -                                              |   |   |                                                                  | -          |   |   |   | 3,081,184 |   |
| Total costs and expenses                                                    |   |                                             | 201,889    |   |                                             |   | 85,935     |                                           |   |   | 367,727                                        |   |   |                                                                  | 164,106    |   |   |   | 4,120,928 |   |
|                                                                        |   |                                             |       |   |                                             |   |       |                                           |   |   |                                           |   |   |                                                                  |       |   |   |   |   |   |
| Loss From Operations                                                        |   |                                             | (201,889   | )      |                                             |   | (85,935    | )                                              |   |   | (369,660                                       | )      |   |                                                                  | (164,106   | ) |   |   | (4,122,861 | ) |
| Other Income (Expense)                                                      |   |                                             |       |   |                                             |   |       |                                           |   |   |                                           |   |   |                                                                  |       |   |   |   |   |   |
| Imputed interest expense on amount due licensor of license agreement        |   |                                             | -          |   |                                             |   | (36,244    | )                                              |   |   | -                                              |   |   |                                                                  | (96,194    | ) |   |   | (398,422 | ) |
| Interest expense on notes and loans payable                                 |   |                                             | (34,935    | )      |                                             |   | -          |                                           |   |   | (82,507                                        | )      |   |                                                                  | -          |   |   |   | (204,981 | ) |
| Loss on writeoff of unamortized debt discount on settlement of debt         |   |                                             | (160,965   | )      |                                             |   | -          |                                           |   |   | (160,965                                       | )      |   |                                                                  | -          |   |   |   | (160,965 | ) |
| Interest expense in connection with amendment to License Agreement (Note 4) |   |                                             | -          |   |                                             |   | (800,000   | )                                              |   |   | -                                              |   |   |                                                                  | (800,000   | ) |   |   | (800,000 | ) |
| Debt financing fees                                                         |   |                                             | -          |   |                                             |   | (180,000   | )                                              |   |   | -                                              |   |   |                                                                  | (180,000   | ) |   |   | (180,000 | ) |
| Reduction in amount due licensor of license agreement pursuant to           |   |                                             |       |   |                                             |   |       |                                           |   |   |                                           |   |   |                                                                  |       |   |   |   |   |   |
| amendment 2 (Note 4)                                                        |   |                                             | -          |   |                                             |   | -          |                                           |   |   | -                                              |   |   |                                                                  | -          |   |   |   | 950,000 |   |
| Loss on  change in fair value of derivative liability (Note 6)    |   |                                             | (11,773    | )      |                                             |   | -          |                                           |   |   | (11,773                                        | )      |   |                                                                  | -          |   |   |   | (22,466 | ) |
| Total Other Expenses                                                        |   |                                             | (207,673   | )      |                                             |   | (1,016,244 | )                                              |   |   | (255,245                                       | )      |   |                                                                  | (1,076,194 | ) |   |   | (816,834 | ) |
| Net Loss From Continuing Operations                                         |   |                                             | (409,562   | )      |                                             |   | (1,102,179 | )                                              |   |   | (624,905                                       | )      |   |                                                                  | (1,240,300 | ) |   |   | (4,939,695 | ) |
|                                                                        |   |                                             |       |   |                                             |   |       |                                           |   |   |                                           |   |   |                                                                  |       |   |   |   |   |   |
| Discontinued operations                                                     |   |                                             | -          |   |                                             |   | -          |                                           |   |   | -                                              |   |   |                                                                  | -          |   |   |   | (56,292 | ) |
| Net Loss                                                                    |   | $                                                | (409,562   | )      |                                             | $      | (1,102,179 | )                                              |   | $      | (624,905                                       | )      |   | $                                                                     | (1,240,300 | ) |   | $ | (4,995,987 | ) |
|                                                                        |   |                                             |       |   |                                             |   |       |                                           |   |   |                                           |   |   |                                                                  |       |   |   |   |   |   |
| Net loss per share - basic and diluted                                      |   |                                             |       |   |                                             |   |       |                                           |   |   |                                           |   |   |                                                                  |       |   |   |   |   |   |
| Continuing Operations                                                       |   | $                                                | (0.01      | )      |                                             | $      | (0.04      | )                                              |   | $      | (0.01                                          | )      |   | $                                                                     | (0.04      | ) |   | $ | (0.07 | ) |
| Discontinued Operations                                                     |   |                                             | -          |   |                                             |   | -          |                                           |   |   | -                                              |   |   |                                                                  | -          |   |   |   | - |   |
| Total                                                                       |   | $                                                | (0.01      | )      |                                             | $      | (0.04      | )                                              |   | $      | (0.01                                          | )      |   | $                                                                     | (0.04      | ) |   | $ | (0.07 | ) |
|                                                                        |   |                                             |       |   |                                             |   |       |                                           |   |   |                                           |   |   |                                                                  |       |   |   |   |   |   |
|                                                                        |   |                                             |       |   |                                             |   |       |                                           |   |   |                                           |   |   |                                                                  |       |   |   |   |   |   |
| Weighted Average Shares Outstanding                                         |   |                                             |       |   |                                             |   |       |                                           |   |   |                                           |   |   |                                                                  |       |   |   |   |   |   |
| Basic and Diluted                                                           |   |                                             | 72,843,000 |   |                                             |   | 30,499,000 |                                           |   |   | 67,313,000                                     |   |   |                                                                  | 29,893,000 |   |   |   | 71,451,000 |   |

----

| GreenChek Technology Inc.                                                           |   |                             |        |   |           |   |   |    |   |   |        |   |   |   |        |   |       |   |     |        |   |   |                       |   |
|-------------------------------------------------------------------------------------|--------|----------------------------------|-------------|--------|----------------|--------|--------|---------|--------|--------|-------------|--------|--------|--------|-------------|--------|------------|--------|----------|-------------|--------|--------|----------------------------|--------|
| (A Development Stage Company)                                                       |   |                             |        |   |           |   |   |    |   |   |        |   |   |   |        |   |       |   |     |        |   |   |                       |   |
| Statements of Stockholders' Equity (Deficiency)                                     |   |                             |        |   |           |   |   |    |   |   |        |   |   |   |        |   |       |   |     |        |   |   |                       |   |
| For the Period September 12, 2006 (Inception) to August 31, 2010                    |   |                             |        |   |           |   |   |    |   |   |        |   |   |   |        |   |       |   |     |        |   |   |                       |   |
| (Expressed in US Dollars)                                                           |   |                             |        |   |           |   |   |    |   |   |        |   |   |   |        |   |       |   |     |        |   |   |                       |   |
| (Unaudited)                                                                         |   |                             |
|                                                                                |   |                             |        |   |           |   |   |    |   |   |        |   |   |   |        |   |       |   |     | Deficit     |   |   | Total Stockholders' Equity |   |
|                                                                                |   |                             |        |   |           |   |   |    |   |   |        |   |   |   |        |   |       |   |     | Accumulated |   |
|                                                                                |   | Common Stock, $0.00001 par value |        |   | Additional     |   |   |    |   |   |        |   |   | Common |        |   | During the |   |
|                                                                                |   | Paid-in                          |        |   | Treasury Stock |   |   | Stock   |   |   | Development |   |
|                                                                                |   | Shares                           |        |   | Amount         |   |   | Capital |   |   | Shares      |   |   | Amount |        |   | Subscribed |   |     | Stage       |   |   | (Deficiency)               |   |
|                                                                                |   |                             |        |   |           |   |   |    |   |   |        |   |   |   |        |   |       |   |     |        |   |   |                       |   |
| Common shares sold for cash at $0.00014 per share                                   |   |                             | 35,000,000  |   |           | $      | 350    |    |   | $      | 4,650       |   |   |   | -           |   |       | $      | -        |        |   | $      | -                          |   |   | $ | - |   |   | $ | 5,000 |   |
| Common shares sold for cash at $0.00143 per share,                                  |   |                             |        |   |           |   |   |    |   |   |        |   |   |   |        |   |       |   |     |        |   |   |                       |   |   |   |   |   |   |   |   |   |
| less offering costs of $12,500                                                      |   |                             | 27,090,000  |   |           |   | 271    |    |   |   | 25,929      |   |   |   | -           |   |       |   | -        |        |   |   | -                          |   |   |   | - |   |   |   | 26,200 |   |
| Donated services and expenses                                                       |   |                             | -           |   |           |   | -      |    |   |   | 4,500       |   |   |   | -           |   |       |   | -        |        |   |   | -                          |   |   |   | - |   |   |   | 4,500 |   |
| Net Loss                                                                            |   |                             | -           |   |           |   | -      |    |   |   | -           |   |   |   | -           |   |       |   | -        |        |   |   | -                          |   |   |   | (11,777 | ) |   |   | (11,777 | ) |
| Balance - February 28, 2007                                                         |   |                             | 62,090,000  |   |           |   | 621    |    |   |   | 35,079      |   |   |   | -           |   |       |   | -        |        |   |   | -                          |   |   |   | (11,777 | ) |   |   | 23,923 |   |
| Common stock sold for cash at 0.00143 per share                                     |   |                             |        |   |           |   |   |    |   |   |        |   |   |   |        |   |       |   |     |        |   |   |                       |   |   |   |   |   |   |   |   |   |
| less offering costs of $10,000                                                      |   |                             | 1,890,000   |   |           |   | 19     |    |   |   | (7,319      | )      |   |   | -           |   |       |   | -        |        |   |   | -                          |   |   |   | - |   |   |   | (7,300 | ) |
| Donated services and expenses                                                       |   |                             | -           |   |           |   | -      |    |   |   | 9,000       |   |   |   | -           |   |       |   | -        |        |   |   | -                          |   |   |   | - |   |   |   | 9,000 |   |
| Net Loss                                                                            |   |                             | -           |   |           |   | -      |    |   |   | -           |   |   |   | -           |   |       |   | -        |        |   |   | -                          |   |   |   | (37,608 | ) |   |   | (37,608 | ) |
| Balance - February 29, 2008                                                         |   |                             | 63,980,000  |   |           |   | 640    |    |   |   | 36,760      |   |   |   | -           |   |       |   | -        |        |   |   | -                          |   |   |   | (49,385 | ) |   |   | (11,985 | ) |
| Units sold for cash at $0.75 per Unit                                               |   |                             | 308,000     |   |           |   | 3      |    |   |   | 230,997     |   |   |   | -           |   |       |   | -        |        |   |   | -                          |   |   |   | - |   |   |   | 231,000 |   |
| Finders' fee                                                                        |   |                             | -           |   |           |   | -      |    |   |   | (23,100     | )      |   |   | -           |   |       |   | -        |        |   |   | -                          |   |   |   | - |   |   |   | (23,100 | ) |
| Donated services and expenses                                                       |   |                             | -           |   |           |   | -      |    |   |   | 7,500       |   |   |   | -           |   |       |   | -        |        |   |   | -                          |   |   |   | - |   |   |   | 7,500 |   |
| Purchase of treasury stock                                                          |   |                             | -           |   |           |   | -      |    |   |   | -           |   |   |   | (35,000,000 | )      |       |   | (100,000 | )           |   |   | -                          |   |   |   | - |   |   |   | (100,000 | ) |
| Net Loss                                                                            |   |                             | -           |   |           |   | -      |    |   |   | -           |   |   |   | -           |   |       |   | -        |        |   |   | -                          |   |   |   | (3,627,489 | ) |   |   | (3,627,489 | ) |
| Balance - February 28, 2009                                                         |   |                             | 64,288,000  |   |           |   | 643    |    |   |   | 252,157     |   |   |   | (35,000,000 | )      |       |   | (100,000 | )           |   |   | -                          |   |   |   | (3,676,874 | ) |   |   | (3,524,074 | ) |
| Units sold for cash at $0.75 per Unit                                               |   |                             | 26,667      |   |           |   | -      |    |   |   | 20,000      |   |   |   | -           |   |       |   | -        |        |   |   | -                          |   |   |   | - |   |   |   | 20,000 |   |
| Finders' fee                                                                        |   |                             | -           |   |           |   | -      |    |   |   | (2,950      | )      |   |   | -           |   |       |   | -        |        |   |   | -                          |   |   |   | - |   |   |   | (2,950 | ) |
| Debt financing fees                                                                 |   |                             | 6,000,000   |   |           |   | 60     |    |   |   | 179,940     |   |   |   | -           |   |       |   | -        |        |   |   | -                          |   |   |   | - |   |   |   | 180,000 |   |
| Stock-based compensation                                                            |   |                             | 8,316,666   |   |           |   | 83     |    |   |   | 221,217     |   |   |   | -           |   |       |   | -        |        |   |   | -                          |   |   |   | - |   |   |   | 221,300 |   |
| Fair value of warrants authorized in connection with $50,000 loan payable           |   |                             | -           |   |           |   | -      |    |   |   | 8,431       |   |   |   | -           |   |       |   | -        |        |   |   | -                          |   |   |   | - |   |   |   | 8,431 |   |
| Conversion of $300,000 due to Chief Executive Officer of Company at $0.03 per share |   |                             | 10,000,000  |   |           |   | 100    |    |   |   | 399,900     |   |   |   | -           |   |       |   | -        |        |   |   | -                          |   |   |   | - |   |   |   | 400,000 |   |
| Conversion feature of $550,000, 5% convertible note payable                         |   |                             | -           |   |           |   | -      |    |   |   | 413,683     |   |   |   | -           |   |       |   | -        |        |   |   | -                          |   |   |   | - |   |   |   | 413,683 |   |
| Net Loss                                                                            |   |                             | -           |   |           |   | -      |    |   |   | -           |   |   |   | -           |   |       |   | -        |        |   |   | -                          |   |   |   | (694,208 | ) |   |   | (694,208 | ) |
| Balance - February 28, 2010                                                         |   |                             | 88,631,333  |   |           |   | 886    |    |   |   | 1,492,378   |   |   |   | (35,000,000 | )      |       |   | (100,000 | )           |   |   | -                          |   |   |   | (4,371,082 | ) |   |   | (2,977,818 | ) |
| Stock based compensation                                                            |   |                             | 10,665,000  |   |           |   | 107    |    |   |   | 212,393     |   |   |   | -           |   |       |   | -        |        |   |   | -                          |   |   |   | - |   |   |   | 212,500 |   |
| Settlement of loans via issuance of common stock                                    |   |                             | 10,791,667  |   |           |   | 108    |    |   |   | 349,892     |   |   |   | -           |   |       |   | -        |        |   |   | -                          |   |   |   | - |   |   |   | 350,000 |   |
| Cancellation of treasury shares                                                     |   |                             | (35,000,000 | )      |           |   | (350   | )       |   |   | (99,650     | )      |   |   | 35,000,000  |   |       |   | 100,000  |        |   |   | -                          |   |   |   | - |   |   |   | - |   |
| Shares to be issued                                                                 |   |                             | -           |   |           |   | -      |    |   |   | -           |   |   |   | -           |   |       |   | -        |        |   |   | 12,062                     |   |   |   | - |   |   |   | 12,062 |   |
| Net Loss                                                                            |   |                             | -           |   |           |   | -      |    |   |   | -           |   |   |   | -           |   |       |   | -        |        |   |   | -                          |   |   |   | (624,905 | ) |   |   | (624,905 | ) |
| Balance - August 31, 2010                                                           |   |                             | 75,088,000  |   |           | $      | 751    |    |   | $      | 1,955,013   |   |   |   | -           |   |       |   | -        |        |   | $      | 12,062                     |   |   | $ | (4,995,987 | ) |   | $ | (3,028,161 | ) |

----

| GreenChek Technology Inc.                                                                                                          |   |                                           |     |   |                                           |   |       |                                                                  |   |
|------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------------------------------|----------|--------|------------------------------------------------|--------|------------|-----------------------------------------------------------------------|--------|
| (A Development Stage Company)                                                                                                      |   |                                           |     |   |                                           |   |       |                                                                  |   |
| Statements of Cash Flows                                                                                                           |   |                                           |     |   |                                           |   |       |                                                                  |   |
| (Expressed in US Dollars)                                                                                                          |   |                                           |     |   |                                           |   |       |                                                                  |   |
| (Unaudited)                                                                                                                        |   |
|                                                                                                                               |   |                                           |     |   |                                           |   |       |                                                                  |   |
|                                                                                                                               |   | For the six month period ended August 31, 2010 |     |   | For the six month period ended August 31, 2009 |   |       | Period from September 12, 2006 (Date of Inception) To August 31, 2010 |   |
|                                                                                                                               |
|                                                                                                                               |
| Cash Flows from Operating Activities                                                                                               |   |                                           |     |   |                                           |   |       |                                                                  |   |
| Net loss                                                                                                                           |   | $                                              | (624,905 | )      |                                           | $      | (1,240,300 | )                                                                     |   | $ | (4,995,987 | ) |
| Adjustments to reconcile net loss to net cash (used in) operating activities:                                                      |   |                                           |     |   |                                           |   |       |                                                                  |   |   |   |   |
| Amortization of license agreement costs                                                                                            |   |                                           | -        |   |                                           |   | -          |                                                                  |   |   | 20,394 |   |
| Depreciation of equipment                                                                                                          |   |                                           | 425      |   |                                           |   | 494        |                                                                  |   |   | 1,414 |   |
| Provision for impairment of license agreement costs                                                                                |   |                                           | -        |   |                                           |   | -          |                                                                  |   |   | 3,081,184 |   |
| Imputed interest expense accreted on amount due to licensor of license agreement                                                   |   |                                           | -        |   |                                           |   | 96,194     |                                                                  |   |   | 398,422 |   |
| Interest accreted from unamortized debt discounts                                                                                  |   |                                           | 82,507   |   |                                           |   | -          |                                                                  |   |   | 201,543 |   |
| Loss on writeoff of unamortized debt discount on settlement of debt                                                                |   |                                           | 160,965  |   |                                           |   | -          |                                                                  |   |   | 160,965 |   |
| Donated services and expenses                                                                                                      |   |                                           | -        |   |                                           |   | -          |                                                                  |   |   | 21,000 |   |
| Impairment of mineral property costs                                                                                               |   |                                           | -        |   |                                           |   | -          |                                                                  |   |   | 3,300 |   |
| Interest expense added to amount due licensor in connection with amendment to license agreement                                    |   |                                           | -        |   |                                           |   | 800,000    |                                                                  |   |   | 800,000 |   |
| Financing fees                                                                                                                     |   |                                           | -        |   |                                           |   | 180,000    |                                                                  |   |   | 180,000 |   |
| Stock based compensation - consulting fees and services                                                                            |   |                                           | 211,895  |   |                                           |   | 32,489     |                                                                  |   |   | 410,945 |   |
| Loss on re-valuation of derivative liability                                                                                       |   |                                           | 11,773   |   |                                           |   | -          |                                                                  |   |   | 22,466 |   |
| Reduction in amount due licensor of license agreement pursuant to amendment 2                                                      |   |                                           | -        |   |                                           |   | -          |                                                                  |   |   | (950,000 | ) |
| Changes in operating assets and liabilities:                                                                                       |   |                                           |     |   |                                           |   |       |                                                                  |   |   |   |   |
| Inventory                                                                                                                          |   |                                           | (16,737  | )      |                                           |   | (76,000    | )                                                                     |   |   | (68,397 | ) |
| Prepaid expenses and other current assets                                                                                          |   |                                           | (16,276  | )      |                                           |   | (66        | )                                                                     |   |   | (27,243 | ) |
| Accounts payable and accrued liabilities                                                                                           |   |                                           | 49,474   |   |                                           |   | 66,780     |                                                                  |   |   | 103,270 |   |
| Deferred revenue                                                                                                                   |   |                                           | (5,067   | )      |                                           |   | -          |                                                                  |   |   | - |   |
| Net cash used in operating activities                                                                                              |   |                                           | (145,946 | )      |                                           |   | (140,409   | )                                                                     |   |   | (636,724 | ) |
|                                                                                                                               |   |                                           |     |   |                                           |   |       |                                                                  |   |   |   |   |
| Cash Flows from Investing Activities                                                                                               |   |                                           |     |   |                                           |   |       |                                                                  |   |   |   |   |
| Mineral property acquisition costs                                                                                                 |   |                                           | -        |   |                                           |   | -          |                                                                  |   |   | (3,300 | ) |
| Purchase of equipment                                                                                                              |   |                                           | -        |   |                                           |   | (3,927     | )                                                                     |   |   | (3,927 | ) |
| Net cash used in investing activities                                                                                              |   |                                           | -        |   |                                           |   | (3,927     | )                                                                     |   |   | (7,227 | ) |
|                                                                                                                               |   |                                           |     |   |                                           |   |       |                                                                  |   |   |   |   |
| Cash Flows from Financing Activities                                                                                               |   |                                           |     |   |                                           |   |       |                                                                  |   |   |   |   |
| Proceeds from sales of common stock                                                                                                |   |                                           | -        |   |                                           |   | 17,050     |                                                                  |   |   | 297,400 |   |
| Purchase of treasury stock                                                                                                         |   |                                           | -        |   |                                           |   | -          |                                                                  |   |   | (100,000 | ) |
| Offering costs incurred                                                                                                            |   |                                           | -        |   |                                           |   | -          |                                                                  |   |   | (48,550 | ) |
| Proceeds from notes and loans payable                                                                                              |   |                                           | 50,000   |   |                                           |   | -          |                                                                  |   |   | 132,500 |   |
| Due to related parties                                                                                                             |   |                                           | 94,224   |   |                                           |   | 126,930    |                                                                  |   |   | 362,927 |   |
| Net cash provided by financing activities                                                                                          |   |                                           | 144,224  |   |                                           |   | 143,980    |                                                                  |   |   | 644,277 |   |
|                                                                                                                               |   |                                           |     |   |                                           |   |       |                                                                  |   |   |   |   |
| Increase  (decrease)  in cash                                                                                  |   |                                           | (1,722   | )      |                                           |   | (356       | )                                                                     |   |   | 326 |   |
|                                                                                                                               |   |                                           |     |   |                                           |   |       |                                                                  |   |   |   |   |
| Cash - beginning of period                                                                                                         |   |                                           | 2,048    |   |                                           |   | 391        |                                                                  |   |   | - |   |
|                                                                                                                               |   |                                           |     |   |                                           |   |       |                                                                  |   |   |   |   |
| Cash - end of period                                                                                                               |   | $                                              | 326      |   |                                           | $      | 35         |                                                                  |   | $ | 326 |   |
|                                                                                                                               |   |                                           |     |   |                                           |   |       |                                                                  |   |   |   |   |
|                                                                                                                               |   |                                           |     |   |                                           |   |       |                                                                  |   |   |   |   |
| Supplemental disclosures of cash flow information:                                                                                 |   |                                           |     |   |                                           |   |       |                                                                  |   |   |   |   |
| Interest paid                                                                                                                      |   | $                                              | -        |   |                                           | $      | -          |                                                                  |   | $ | - |   |
| Income taxes paid                                                                                                                  |   | $                                              | -        |   |                                           | $      | -          |                                                                  |   | $ | - |   |
|                                                                                                                               |   |                                           |     |   |                                           |   |       |                                                                  |   |   |   |   |
| Non-cash investing activity:                                                                                                       |   |                                           |     |   |                                           |   |       |                                                                  |   |   |   |   |
| Acquisition of license agreement in exchange for debt due seller, less imputed interest                                            |   | $                                              | -        |   |                                           | $      | -          |                                                                  |   | $ | 3,101,578 |   |
| Non-cash financing activity:                                                                                                       |   |                                           |     |   |                                           |   |       |                                                                  |   |   |   |   |
| Payment by third party to licensor of license agreement in exchange for 5% convertible note payable                                |   | $                                              | -        |   |                                           | $      | -          |                                                                  |   | $ | 550,000 |   |
| Conversion of $300,000 amount due to Chief Executive Officer of Company into 10,000,000 shares of common stock                     |   | $                                              | -        |   |                                           | $      | -          |                                                                  |   | $ | 300,000 |   |
| Repayment of amount due licensor of license agreement in exchange for increase in amount due to Chief Executive Officer of Company |   | $                                              | -        |   |                                           | $      | -          |                                                                  |   | $ | 300,000 |   |
| Issuance of common stock to settle loan and note payable                                                                           |   | $                                              | 382,500  |   |                                           | $      | -          |                                                                  |   | $ | 382,500 |   |

----

----

|                                                                     |   |   | August 31, 2010 |   |   |   | February 28, 2010 |   |
|--------------------------------------------------------------------------|--------|--------|-----------------|--------|--------|--------|-------------------|--------|
|                                                                     |   |   |            |   |   |   |              |   |
| Raw materials and work in progress held at manufacturer’s premises |   | $      | 43,897          |   |   | $      | 20,160            |   |
| Finished goods                                                           |   |   | 24,500          |   |   |   | 31,500            |   |
| Total                                                                    |   | $      | 68,397          |   |   | $      | 51,660            |   |

| License price, less $398,422 discount for imputed interest |   | $      | 3,101,578  |   |
|------------------------------------------------------------|--------|--------|------------|--------|
| Less accumulated amortization                              |   |   | (20,394    | )      |
| Less allowance for impairment                              |   |   | (3,081,184 | )      |
|     License agreement costs, net       |   | $      | -          |   |

| 1.   | Payment of $1,000,000 due on December 31, 2008 extended to December 31, 2009, |
|----------------|-------------------------------------------------------------------------------|

| 2.   | Payment of $1,000,000 due on March 31, 2009 extended to March 31, 2010, |
|----------------|-------------------------------------------------------------------------|

| 3.   | Payment of $1,200,000 due on August 31, 2009 extended to August 31, 2010. |
|----------------|---------------------------------------------------------------------------|

| 1.   | $500,000 payable on August 9, 2009,; and |
|----------------|------------------------------------------|

| 2.   | $300,000 payable on August 31, 2010. |
|----------------|--------------------------------------|

----

|                          |   | August 31, 2010 |   |   | February 28, 2010 |   |
|-------------------------------|--------|----------------------|--------|--------|-------------------|--------|
|                          |   |                 |   |   |              |   |
| Equipment                     |   | $                    | 3,927  |   |              | $      | 3,927 |   |
| Less accumulated depreciation |   |                 | (1,414 | )      |              |   | (989 | ) |
| Total                         |   | $                    | 2,513  |   |              | $      | 2,938 |   |

----

|                                                                                                                                                                                                                                                                                                                                 |   | August 31, 2010 |     |   | February 28, 2010 |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------|----------|--------|-------------------|--------|
|                                                                                                                                                                                                                                                                                                                                 |   |            |     |   |              |   |
| Unsecured convertible note payable to Gold Spread Trading Limited (“Gold Spread”), and two other corporations (See Notes 9(e) and 11(d)) with an original face value of $550,000, interest at 8% payable on December 31, 2010, due June 30, 2011 (less unamortized debt discount of $118,483 and $389,308, respectively) |   | $               | 131,517  |   |              | $      | 160,692 |   |
|                                                                                                                                                                                                                                                                                                                                 |   |            |     |   |              |   |   |   |
| Unsecured convertible note payable to Asher Enterprises, Inc. (“Asher”) with a face value of $50,000, interest at 8% due May 11, 2011 (less unamortized debt discount of $45,314)                                                                                                                                        |   |            | 4,686    |   |              |   | - |   |
|                                                                                                                                                                                                                                                                                                                                 |   |            |     |   |              |   |   |   |
| Loan payable to Gold Spread with face value of $50,000, interest at 0%, due April 30, 2010 (less unamortized debt discount of $0 and $3,077, respectively), satisfied July 2, 2010 by the issuance of 1,666,667 shares of Company common stock                                                                                       |   |            | -        |   |              |   | 46,923 |   |
|                                                                                                                                                                                                                                                                                                                                 |   |            |     |   |              |   |   |   |
| Loan payable to Gold Spread with face value of $32,500, interest at 0%, to be repaid by the issuance of 1,625,000 shares of Company common stock (which occurred March 15, 2010)                                                                                                                                                     |   |            | -        |   |              |   | 32,500 |   |
|                                                                                                                                                                                                                                                                                                                                 |   |            |     |   |              |   |   |   |
| Loan payable to Gold Spread, interest at 0%, due on demand                                                                                                                                                                                                                                                                           |   |            | 4,000    |   |              |   |   |   |
|                                                                                                                                                                                                                                                                                                                                 |   |            |     |   |              |   |   |   |
| Total                                                                                                                                                                                                                                                                                                                                |   |            | 140,203  |   |              |   | 240,115 |   |
| Current portion                                                                                                                                                                                                                                                                                                                      |   |            | (140,203 | )      |              |   | (79,423 | ) |
|                                                                                                                                                                                                                                                                                                                                 |   |            |     |   |              |   |   |   |
| Non-current portion                                                                                                                                                                                                                                                                                                                  |   | $               | -        |   |              | $      | 160,692 |   |

----

----

|                                                                                                                                                   |   | August 31,2010 |    |   | February 28, 2010 |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------|---------|--------|------------------------|--------|
| Due to chief executive officer:                                                                                                                        |   |           |    |   |                   |   |
|     Accrued management fees                                                                                                        |   | $              | 88,481  |   |                   | $      | 61,801 |   |
|     Other, non-interest bearing, no repayment terms                                                                                |   |           | 111,277 |   |                   |   | 103,802 |   |
| Due to former majority stockholder and chief executive officer:                                                                                        |   |           |    |   |                   |   |   |   |
| Amount due relating to the Company's purchase of treasury   stock (see Note 9(b))                                                       |   |           | 25,000  |   |                   |   | 25,000 |   |
|     Other, non-interest bearing, no repayment terms                                                                                |   |           | 17,430  |   |                   |   | 16,675 |   |
| Due to former director and chief strategy officer for consulting             services |   |           | 4,688   |   |                   |   | 4,800 |   |
| Due to former director and chief financial officer, non-interest bearing, no repayment terms                                                           |   |           | 116,873 |   |                   |   | 56,625 |   |
| Total                                                                                                                                                  |   | $              | 363,749 |   |                   | $      | 268,703 |   |

----

|                                                                                                                                                                                          |   | August 31, 2010 |      |   | February 28, 2010 |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-----------------|-----------|--------|-------------------|--------|
| Amount due March 31, 2010                                                                                                                                                                     |   | $               | 1,000,000 |   |              | $      | 1,000,000 |   |
| Amount due August 31, 2010                                                                                                                                                                    |   |            | 1,200,000 |   |              |   | 1,200,000 |   |
| Amount due under Amendment to License     Agreement dated July 10, 2009:           Amount due August 31, 2010 |   |            | 300,000   |   |              |   | 300,000 |   |
| Net                                                                                                                                                                                           |   | $               | 2,500,000 |   |              | $      | 2,500,000 |   |

| a)   | On May 28, 2007, the Company effected a 7 to 1 forward stock split of the issued and outstanding common stock. As a result, the issued and outstanding shares at that time increased from 9,140,000 shares of common stock to 63,980,000 shares of common stock. All share amounts have been retroactively adjusted for all periods presented. |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| b)   | On October 21, 2008, the Company entered into a Return to Treasury Agreement with Pardeep Sarai, former majority stockholder and chief executive officer of the Company (“Sarai”), whereby the Company agreed to purchase 35,000,000 shares of the Company's common stock owned by Sarai for $100,000. Pursuant to this agreement, the Company paid $75,000 to Sarai on October 21, 2008. The agreement provided that the 35,000,000 shares were to be returned to Sarai if the Company failed to pay the remaining $25,000 to Sarai by March 1, 2009 (which date was extended to June 30, 2009 under an Amendment to Agreement dated May 19, 2009 between the Company and Sarai and further extended under a verbal agreement) or if certain transactions contemplated by the License Agreement did not occur. On May 14, 2010, pursuant to another Amendment to Agreement dated October 21, 2008, the Company issued a $25,000 promissory note (interest at 11% and due May 13, 2011) to Sarai who surrendered 35,000,000 shares to the Company upon the issuance of the May 14, 2010 promissory note and the Company cancelled the 35,000,000 treasury shares. See Note 7. |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| c)   | In October and December 2008, pursuant to a Subscription Agreement dated September 17, 2008, the Company sold a total of 308,000 units to Noyz Management Corp. at $0.75 per unit for gross proceeds of $231,000. After deducting $23,100 in finder’s fees, the net proceeds to the Company were $207,900. On May 8, 2009, pursuant to the Subscription Agreement dated September 17, 2008, the Company sold 26,667 Units to Noyz Management Corp. at $0.75 per unit for gross proceeds of $20,000. After deducting $2,950 in finder’s fees, the net proceeds to the Company were $17,050. Each Unit consists of one share of common stock and one warrant to purchase one share of common stock at an exercise price of 0.75 per share to September 17, 2009. |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| d)   | On July 30, 2009, the Company issued 1,866,666 restricted shares of common stock with a fair value of $68,500 to DC Consulting LLC (DC Consulting) pursuant to the consulting agreements described in Notes 11 (b) and (c). |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| e)   | On August 19, 2009, the Company issued 3,000,000 restricted shares of common stock with a fair value of $90,000 to Gold Spread Trading Ltd. pursuant to the loan initiation agreement described in Note 11 (d). |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| f)   | On August 27, 2009, the Company issued 3,000,000 restricted shares of common stock with a fair value of $90,000 to Bodie Investment Group Inc. pursuant to the common stock purchase agreement described in Note 11 (e). |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| g)   | On September 1, 2009, the Company issued 2,000,000 restricted shares of common stock with a fair value of $60,000 to Global Eye Professional Advisors Ltd. pursuant to the consulting agreement described in Note 11 (f). |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| h)   | On February 2, 1010, the Company issued 1,000,000 restricted shares of common stock with a fair value of $10,000 to a former director of the Company as remuneration for services performed.  During the year ended February 28, 2010, $10,000 has been charges as “Management fees” within “General and administrative expenses” related to the shares issued pursuant to this paragraph. |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| i)   | On February 8, 2010, the Company issued 200,000 restricted shares of common stock with a fair value of $3,000 to a Consultant pursuant to the consulting agreement described in Note 11 (i). |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| j)   | On February 10, 2010, the Company issued 1,250,000 restricted shares of common stock with a fair value of $25,000 to DC Consulting pursuant to the consulting agreement described in Note 11(c). |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| k)   | Effective February 23, 2010, the Company issued 10,000,000 restricted shares of common stock with a fair value of $300,000 upon conversion of the loan described in Note 7. |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| l)   | On February 24, 2010, the Company issued 2,000,000 restricted shares of common stock with a fair value of $20,000 pursuant to the consulting agreements described in Note 11(h). |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| m)   | On March 1, 2010, the Company issued 3,500,000 restricted shares of common stock with a fair value of $70,000 pursuant to the consulting agreement described in Note 11(j). |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| n)   | On March 15, 2010, 1,625,000 restricted shares were issued as payment in full of the $32,500 loan from Gold Spread, according to the terms of the loan agreement signed on January 1, 2010. Refer to Note 6. |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| o)   | On March 15, 2010, the Company issued 2,000,000 restricted shares of common stock to a technician with a fair value of $40,000 pursuant to a technical consulting agreement. Refer to Note 11(l). |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| p)   | On March 31, 2010, the Company issued 3,000,000 restricted shares of common stock with a fair value of $45,000 pursuant to the consulting agreement described in Note 11(k). |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| q)   | On May 3, 2010, the Company issued 625,000 restricted shares of common stock with a fair value of $25,000 to DC Consulting pursuant to the consulting agreement described in Note 11(c). |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| r)   | On June 2, 2010, the Company issued a total of 7,500,000 restricted shares of common stock to the three holders of the $550,000 convertible note in satisfaction of a total of $300,000 of the note payable representing a conversion price of $0.04 per share on the conversion date.  Refer to Note 6. |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| s)   | On July 2, 2010, the Company issued a total of 1,666,667 restricted shares of common stock to Gold Spread Trading Ltd. in exchange for the cancellation of the $50,000 loan representing a conversion price of $0.03 per share on the conversion date. Refer to Note 6. |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| t)   | On July 6, 2010, the Company issued a total of 500,000 restricted shares of common stock pursuant to the consulting agreement described in Note 11(q). |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------|

| u)   | On August 25, 2010, the Company issued 1,040,000 restricted shares of common stock with a fair value of $25,000 to DC Consulting pursuant to the consulting agreement described in Note 11(c). |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| a)   | On August 1, 2008, the Company entered into a Management Contract with Lincoln Parke (“Parke”), the Company’s chief executive officer. Under the agreement, Parke is to perform certain services for the Company and the Company is to pay monthly management fees of Cdn $5,000 (approximately $4,792 translated at the August 31, 2010 exchange rate) to Parke. Either party can terminate the agreement with 30 days written notice.  During the six month periods ended August 31, 2010 and 2009, management fees of $28,439 and $13,740 were incurred to Parke. |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| b)   | On July 22, 2009, the Company entered into an agreement with DC Consulting LLC (DC Consulting) for consulting services for a period of one year in consideration for the issue of 500,000 restricted shares of the Company’s common stock. The Company issued 500,000 restricted shares of common stock with a fair value of $15,000 on July 30, 2009. |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| c)   | On July 22, 2009, the Company entered into an agreement with DC Consulting for investor relation services for an initial period of 90 days (following the initial 90 days, each party has the right to cancel the contract with 30 days written notice) in consideration for the following: |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| i)   | A monthly retainer fee of $9,500 in cash or quarterly retainer fee of $25,000 payable in cash or stock with the first payment due upon the execution of the contract. For the quarterly period ended October 31, 2009, the Company issued 416,666 restricted shares of common stock with a fair value of $25,000 on July 30, 2009. For the quarterly period ended January 31, 2009, the Company issued 1,250,000 restricted shares of common stock with a fair value of $25,000 on February 10, 2010. For the quarterly period ended April 30, 2010, the Company issued 625,000 restricted shares of common stock with a fair value of $25,000 on May 3, 2010. For the quarterly period ended July 31, 2010, the Company issued 1,040,000 restricted shares of common stock with a fair value of $25,000 on August 25, 2010. During the period ended August 31, 2010, $25,000 has been charged as "Consulting fees and services" related to the shares issued pursuant to this paragraph. |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ii)   | 950,000 restricted shares of the Company’s common stock due within 30 days of the execution of the contract. The Company issued 950,000 restricted shares of common stock with a fair value of $28,500 on July 30, 2009. During the year ended February 28, 2010, $28,500 has been charged as "Consulting fees and services" related to the warrants to be issued pursuant to this paragraph. |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| iii)   | Warrants to purchase 750,000 shares of the Company’s common stock at an exercise price of $0.40 per share. The warrants have not been delivered to DC Consulting as at August 31, 2010. During the year ended February 28, 2010, $20,700 has been charged as "Consulting fees and services" related to the warrants to be issued pursuant to this paragraph, since the Company is committed per the agreement to issue the warrants (estimated using the Black-Scholes option pricing model and the following assumptions: stock price of $0.06 per share, exercise price of $0.40 per share, term of 5 years, expected volatility of 100%, and risk free interest rate of 2.43%). |
|------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| iv)   | Warrants to purchase 750,000 shares of the Company’s common stock at an exercise price of $1.00 per share. The warrants have not been delivered to DC Consulting as at August 31, 2010. During the year ended February 28, 2010, $14,100 has been charged as "Consulting fees and services" related to the warrants to be issued pursuant to this paragraph, since the Company is committed per the agreement to issue the warrants (estimated using the Black-Scholes option pricing model and the following assumptions: stock price of $0.06 per share, exercise price of $1.00 per share, term of 5 years, expected volatility of 100%, and risk free interest rate of 2.43%). |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| v)   | An advisory fee of 7% of the gross proceeds of any financing transaction arranged by DC Consulting. |
|----------------|-----------------------------------------------------------------------------------------------------|

| d)   | On August 19, 2009, the Company entered into a Loan Initiation Agreement with Gold Spread Trading Ltd. (“Gold Spread”).  Pursuant to the agreement, the Company may borrow up to $100,000 from Gold Spread until November 27, 2010.  As a one-time loan initiation fee, the Company issued 3,000,000 restricted shares of the Company’s common stock with a fair value of $90,000 to Gold Spread and recorded financing fees of $90,000 in the Statement of Operations for the year ended February 28, 2010 upon execution of the contract.  Refer to Note 9 (e). |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| e)   | On August 27, 2009, the Company entered into a Common Stock Purchase Agreement, a Registration Rights Agreement, a Warrant Purchase Agreement, a Subscription Agreement and a Convertible Note Agreement (collectively the “Agreements”) with Bodie Investment Group Inc. (“Bodie”). Pursuant to the agreement, subject to volume limitations, the Company has the right to sell Bodie over a two year period up to $6,000,000 of the Company’s common stock at a price per share equal to 90% of the average of the three lowest closing bids during the twenty days prior to the put date.  The Company also has the right to sell $100,000 of convertible notes to Bodie.  The closing date of the agreement is the date Bodie advances the $100,000 to the Company.  In consideration for entering into the agreement, the Company issued to Bodie 3,000,000 restricted shares of the Company’s common stock with a fair value of $90,000 and recorded financing fees of $90,000 upon execution of the contract. The Company is also to issue on or before the closing date, Class A warrants to purchase 3,000,000 shares of the Company’s common stock at an exercise price of $0.0001 for five years after issuance and Class B Warrants to purchase 6,000,000 shares of common stock at an exercise price of $0.01 for five years after issuance.  Prior to Bodie’s obligation to purchase any shares, the shares are to be registered in an effective registration statement filed with the SEC.  Refer to Note 9 (f). |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| f)   | On September 1, 2009, the Company entered into a consulting agreement with Global Eye Professional Advisors Ltd. (“Global Eye”) for a period of twelve months expiring on August 31, 2010.  Pursuant to the terms of the agreement, Global Eye will continue to provide consulting services to facilitate long range strategic planning, and to advise the Company in business and/or financial matters.  In consideration for services performed to date and for entering into the agreement the Company issued Global Eye 2,000,000 restricted shares of the Company’s common stock with a fair value of $60,000 on the closing date that has been charged to "Consulting fees and services" during the year ended February 28, 2010.  Refer to Note 9 (g). |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| g)   | On October 14, 2009, the Company entered into a lease agreement for space in Ontario, Canada. The lease commenced on November 1, 2009 for a term of three years ending on October 31, 2012.  The lease was cancelled during the period ending August 31, 2010, and the final lease payment was made on August 1, 2010.  Rent expense incurred during the period ended August 31, 2010 totaled $24,113. |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| h)   | On December 1, 2009, the Company entered into two consulting agreements.  Under the agreements, the consultants shall provide maintenance and installation services in consideration for the issuance of a total of 2,000,000 common shares of the Company and reimbursement for reasonable travel and other related expenses.  The Company issued a total of 2,000,000 restricted shares of common stock with a fair value of $20,000 on February 24, 2010 and at August 31, 2010, $5,000 was included in prepaid expenses and $10,000 has been reflected in “Consulting fees and services” for the six months then ended.  The agreements will be in effect for a period of 12 months and may be terminated at any time. Refer to Note 9 (l). |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| i)   | On December 8, 2009, the Company entered into a consulting agreement.  Under the terms of the agreement, the consultant shall provide advice and consulting services in consideration for the issuance of 200,000 common shares of the Company within 60 days after the execution of this agreement.  The Company issued 200,000 restricted shares of common stock with a fair value of $3,000 on February 8, 2010 and at August 31, 2010, $750 was included in prepaid expenses and $1,500 has been reflected in "Consulting fees and services" for the six month period then ended. In addition, upon the implementation of an incentive stock option plan by the Company, the consultant will be eligible to receive stock options, the number to be determined by March 31, 2010.  This agreement will be in effect for a period of 12 months and is renewable upon reasonable terms and conditions agreed to by the Company and the consultant. Refer to Note 9 (i). On September 13, 2010, the Company finalized the incentive stock option plan, but the number of stock options to be granted has not been determined.  Refer to Note 15 (a). |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| j)   | On March 1, 2010, the Company entered into a consulting agreement with a former director and chief financial officer (to June 15, 2009). The consultant will provide business consulting services. If the consultant is materially involved in a completed transaction with a company introduced by the Company, the consultant will receive 5% of the total value of the transaction in the same ratio of cash and/or stock as the transaction.  If the company is introduced by the consultant, the consultant will receive 8% of the total value of the transaction in the same ratio of cash and/or stock as the transaction. The agreement is for a term of six months. On March 15, 2010, the Company issued the consultant 3,500,000 restricted shares of common stock with a fair value of $70,000 as a fee upon execution of the agreement.  Refer to Note 9 (m). |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| k)   | On March 31, 2010, the Company entered into a public relations and corporate communications agreement with a consulting firm. Either party may terminate the agreement on 30 days written notice to the other party. The agreement is for a term of six months.  On March 31, 2010, the Company issued 3,000,000 restricted shares of common stock with a fair value of $45,000.  At August 31, 2010, $7,500 was included in prepaid expenses. Refer to Note 9 (p). |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| l)   | On March 15, 2010, the Company entered into a technical agreement with a firm to retain qualified technicians to perform maintenance and installation services for the Company. The agreement is for a term of twelve months.  On March 15, 2010, the Company issued 2,000,000 restricted shares of common stock to the technician with a fair value of $40,000. At August 31, 2010, $21,667 was included in prepaid expenses. Refer to Note 9 (o). |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| m)   | On May 1, 2010, the Company entered into a technician services agreement.  Under the agreement, the technician shall provide maintenance and installation services in consideration for the issuance of a total of 1,150,000 common shares of the Company and reimbursement for reasonable travel and other related expenses.  The agreement will be in effect for a period of 12 months and may be terminated at any time. Refer to Note 16 (b). |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| n)   | On May 15, 2010, the Company entered into a consulting agreement.  Under the agreement, the consultant shall provide advice on distributors in the Asia Pacific and North American region of the Company’s main product in consideration for the issuance of a total of 575,000 common shares of the Company and reimbursement for reasonable travel and other related expenses.  The agreement will be in effect for a period of 6 months. Refer to Note 16 (b). |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| o)   | On June 1, 2010, the Company entered into a technician services agreement.  Under the agreement, the technician shall provide maintenance and installation services in consideration for the issuance of a total of 1,000,000 common shares of the Company and reimbursement for reasonable travel and other related expenses.  The agreement will be in effect for a period of 12 months and may be terminated at any time. Refer to Note 16 (b). |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| p)   | On June 1, 2010, the Company entered into an administrative services agreement.  Under the agreement, the administrator shall provide administrative support and services in consideration for the issuance of a total of 950,000 common shares of the Company.  The agreement will be in effect for a period of 12 months. Refer to Note 16 (b). |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| q)   | On July 1, 2010, the Company entered into a consulting agreement with a firm to provide investor and public relation services for the company.  The term of the agreement is 60 days.  The consultant is to receive a monthly fee of $7,000 payable in cash or stock (based on the closing price of the stock on the dates that the payments are due) and reimbursement for any pre-approved out of pocket expenses.  For the period ended August 31, 2010, consulting fees of $14,000 have been expensed.  On July 6, 2010 the Company issued 500,000 restricted shares of common stock with a fair value of $7,500 (see Note 9 (t)).  Introduction fees are to be paid at the time of closing of a financial transaction based on the amount of financing received as follows: |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Financing Received  | Introduction Fee |
|---------------------|------------------|
| $100,000 - $150,000 | $11,008          |
| $151,000 - $200,000 | $12,989          |
| $201,000 - $250,000 | $17,888          |

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|                                                              |   |                             |    |   |                             |   |    | Period from                                    |   |
|-------------------------------------------------------------------|--------|----------------------------------|---------|--------|----------------------------------|--------|---------|------------------------------------------------|--------|
|                                                              |   | For the three month period Ended |    |   | For the three month period Ended |   |    | September 12, 2006 (Date of Inception) to |   |
|                                                              |   | May 31,                          |    |   | May 31,                          |   |    | May 31,                                        |   |
|                                                              |   | 2010                             |    |   | 2009                             |   |    | 2010                                           |   |
|                                                              |   |                             |    |   |                             |   |    |                                           |   |   |   |   |
| Revenues                                                          |   | $                                | – |   |                             | $      | – |                                           |   | $ | – |   |
|                                                              |   |                             |    |   |                             |   |    |                                           |   |   |   |   |
|  CCost and expenses                                          |   |                             |    |   |                             |   |    |                                           |   |   |   |   |
|    General and administrative expenses             |   |                             | – |   |                             |   | – |                                           |   |   | 51,925 |   |
|    Impairment of mineral property costs            |   |                             | – |   |                             |   | – |                                           |   |   | 3,300 |   |
|    Mineral property exploration and carrying costs |   |                             | – |   |                             |   | – |                                           |   |   | 1,067 |   |
|  Total costs and expenses                                    |   |                             | – |   |                             |   | – |                                           |   |   | 56,292 |   |
|                                                              |   |                             |    |   |                             |   |    |                                           |   |   |   |   |
|  Net Loss                                                    |   | $                                | – |   |                             | $      | – |                                           |   | $ | (56,292 | ) |
|                                                              |   |                             |    |   |                             |   |    |                                           |   |   |   |   |

| Outstanding at February 28, 2009 |   |   | 308,000   |   |
|----------------------------------|--------|--------|-----------|--------|
| Granted and issued               |   |   | 2,026,667 |   |
| Exercised                        |   |   | –   |   |
| Forfeited/cancelled/expired      |   |   | (334,667  | )      |
| Outstanding at February 28, 2010 |   |   | 2,000,000 |   |
| Granted and issued               |   |   | –   |   |
| Exercised                        |   |   | –   |   |
| Forfeited/cancelled/expired      |   |   | –   |   |
| Outstanding at August 31, 2010   |   |   | 2,000,000 |   |

----

| Date Granted     |   | Number Outstanding |   | Number Exercisable |   | Exercise Price |   | Expiration Date                                                             |
|------------------|--------|--------------------|--------|--------------------|--------|----------------|--------|-----------------------------------------------------------------------------|
|             |   |               |   |               |   |           |   |                                                                        |
| November 1, 2009 |   | 500,000            |   | 500,000            |   | $0.05          |   | November 1, 2011 (exercise price is $0.10 per share after November 1, 2010) |
| July 22, 2009    |   | 750,000            |   | 750,000            |   | $0.40          |   | July 22, 2014                                                               |
| July 22, 2009    |   | 750,000            |   | 750,000            |   | $1.00          |   | July 22, 2014                                                               |
| Total            |   | 2,000,000          |   | 2,000,000          |   |           |   |                                                                        |

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|                            |   | Fair Value Measurements on a Recurring Basis |   |
|---------------------------------|--------|----------------------------------------------------------------------------|--------|
|                            |   | August 31, 2010                                                            |   |
|                            |   | Level 1                                                                    |   |   | Level 2 |   |   | Level 3 |   |   | Total |   |
| Liabilities:                    |   |                                                                       |   |   |   |   |   |   |   |   |   |   |
| Derivative liability            |   |                                                                       | -      |   |   | $ | 61,773 |   |   |   | - |   |   | $ | 61,773 |   |
| Total liabilities at fair value |   |                                                                       | -      |   |   | $ | 61,773 |   |   |   | - |   |   | $ | 61,773 |   |

----

| a)   | On September 10, 2010, the Company granted stock options to five contractor/employees to exercise into a total of 5,600,000 shares of Company common stock (3,000,000 shares relating to Lincoln Parke, the Company’s chief executive officer). All of the options have an exercise price of $0.05 per share, have an expiration date of September 10, 2010, and vest 1/3 on December 10, 2010, 1/3 on March 10, 2011, and 1/3. On June 10, 2011. |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| b)   | On September 15, 2010, the Company filed a Form S-8 registration statement to register 8,675,000 shares to be issued under the 2010 Stock Option Plan. Of this amount, 3,675,000 shares are to be issued to consultants pursuant to consulting agreements referred to in Note 11 (m – p). |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| c)   | On September 29, 2010, 10,000 shares of the Company’s Series A Preferred Stock were issued to the chief executive officer in consideration for services provided to the Company.  Each share entitles the holder to 4,000 votes.  The shares are redeemable by the Company at $10 per share. |
|----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

| 1.   | Payment of $1,000,000 due on December 31, 2008 extended to December 31, 2009, |
|----------------|-------------------------------------------------------------------------------|

| 2.   | Payment of $1,000,000 due on March 31, 2009 extended to March 31, 2010, |
|----------------|-------------------------------------------------------------------------|

| 3.   | Payment of $1,200,000 due on August 31, 2009 extended to August 31, 2010. |
|----------------|---------------------------------------------------------------------------|

| 1.   | $500,000 payable on August 9, 2009,; and |
|----------------|------------------------------------------|

| 2.   | $300,000 payable on August 31, 2010. |
|----------------|--------------------------------------|

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----

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| Exhibit No. | Document Description                                                |
|-------------|--------------------------------------------------------------------------|
| 31.1        | Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. |
|        |                                                                     |
| 31.2        | Certification pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. |

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|   | GREENCHEK TECHNOLOGY, INC. |
|--------|----------------------------|
|   | (Registrant)               |
|   |                       |   |
|   | BY:                        | /s/  Lincoln Parke |
|   |                       | Lincoln Parke |
|   |                       | President, Secretary, Treasurer, Principal executive and financial officer  |

| Signature         |   | Title    |   | Date             |
|-------------------|--------|----------|--------|------------------|
|              |   |     |   |             |
| /s/ Lincoln Parke |   | Director |   | October 20, 2010 |
| Lincoln Parke     |   |     |   |             |
|              |   |     |   |             |
| /s/Andrew Chen    |   | Director |   | October 20, 2010 |
| Andrew Chen       |   |     |   |             |
|              |   |     |   |             |
| /s/ Xin Wang      |   | Director |   | October 20, 2010 |
| Xin Wang          |   |     |   |             |

----

| Exhibit No. | Document Description                                                     |
|-------------|--------------------------------------------------------------------------|
| 31.1        | Certification pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. |
|        |                                                                     |
| 31.2        | Certification pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. |