----

----

| Nevada(State of incorporation) |   |
|--------------------------------|--------|

| Large accelerated filer   o            |   | Accelerated filer                                                 o |
|-------------------------------------------------------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Non-accelerated filer      o |   | Smaller reporting company                               x                                                                                                     |

----

----

| GreenChek Technology Inc.                                                                        |   |   |         |       |   |         |      |
|--------------------------------------------------------------------------------------------------|--------|--------|--------------|------------|--------|--------------|-----------|
| (A Development Stage Company)                                                                    |   |   |         |       |   |         |      |
| Balance Sheets                                                                                   |   |   |         |       |   |         |      |
| (Expressed in US Dollars)                                                                        |   |   |         |       |   |         |      |
|                                                                                             |   |   |         |       |   |         |      |
|                                                                                             |   |   | November 30, |       |   | February 29, |      |
|                                                                                             |   |   | 2009         |       |   | 2009         |      |
|                                                                                             |   |   | (Unaudited)  |       |   |         |      |
|                                                                                             |   |   | (Restated)   |       |   |         |      |
|                                                                                             |   |   |         |       |   |         |      |
| ASSETS                                                                                           |   |   |         |       |   |         |
| Current Assets                                                                                   |   |   |         |       |   |         |      |
| Cash                                                                                             |   |   | $            | 5,503      |   |         | $         | 391 |   |
| Prepaid expenses                                                                                 |   |   |         | 17,338     |   |         |      | 7,706 |   |
| Inventory                                                                                        |   |   |         | 85,230     |   |         |      | - |   |
| Total current assets                                                                             |   |   |         | 108,071    |   |         |      | 8,097 |   |
| License agreement costs, net of accumulated                                                      |   |   |         |       |   |         |      |   |   |
| amortization and allowance for impairment (Note 3)                                               |   |   |         | -     |   |         |      | -  |   |
| Equipment, net (Note 4)                                                                          |   |   |         | 3,176      |   |         |      | - |   |
| Total Assets                                                                                     |   |   | $            | 111,247    |   |         | $         | 8,097 |   |
|                                                                                             |   |   |         |       |   |         |      |   |   |
|                                                                                             |   |   |         |       |   |         |      |   |   |
|                                                                                             |   |   |         |       |   |         |      |   |   |
|                                                                                             |   |   |         |       |   |         |      |   |   |
| LIABILITIES AND STOCKHOLDERS' DEFICIENCY                                                         |   |   |         |       |   |         |      |   |
| Current Liabilities                                                                              |   |   |         |       |   |         |      |   |   |
| Accounts payable and accrued liabilities                                                         |   |   | $            | 36,918     |   |         | $         | 65,780 |   |
| Loan payable                                                                                     |   |   |         | 36,470     |   |         |      | - |   |
| Derivative liability (Note 6)                                                                    |   |   |         | 243,566    |   |         |      | - |   |
| Due to related parties (Note 6)                                                                  |   |   |         | 315,075    |   |         |      | 362,585 |   |
|   Amount due to licensor of license agreement, net of unamortizated debt discounts (Note 7) |   |   | 4,000,000    |       |   |         | 3,103,806 |   |
| Total Liabilities                                                                                |   |   |         | 4,632,029  |   |         |      | 3,532,171 |   |
|                                                                                             |   |   |         |       |   |         |      |   |   |
|                                                                                             |   |   |         |       |   |         |      |   |   |
| 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 74,181,333 and 64,288,000 shares, respectively                                            |   |   |         | 742        |   |         |      | 643 |   |
| Additional paid-in capital                                                                       |   |   |         | 586,039    |   |         |      | 252,157 |   |
|   Treasury Stock, 35,000,000 shares held at November 30, 2009 and February 28, 2009         |   |   | (100,000     | )          |   |         | (100,000  | ) |
| Deficit accumulated during the development stage                                                 |   |   |         | (5,007,563 | )      |         |      | (3,676,874 | ) |
| Total Stockholders' Deficiency                                                                   |   |   |         | (4,520,782 | )      |         |      | (3,524,074 | ) |
| Total Liabilities and Stockholders' Deficiency                                                   |   |   | $            | 111,247    |   |         | $         | 8,097 |   |

----

| GreenChek Technology Inc.                           |   |                                         |       |   |                                         |   |       |                                        |   |   |                                        |   |   |                                                            |       |
|-----------------------------------------------------|--------|----------------------------------------------|------------|--------|----------------------------------------------|--------|------------|---------------------------------------------|--------|--------|---------------------------------------------|--------|--------|-----------------------------------------------------------------|------------|
| (A Development Stage Company)                       |   |                                         |       |   |                                         |   |       |                                        |   |   |                                        |   |   |                                                            |       |
| Statements of Operations                            |   |                                         |       |   |                                         |   |       |                                        |   |   |                                        |   |   |                                                            |       |
| (Expressed in US Dollars)                           |   |                                         |       |   |                                         |   |       |                                        |   |   |                                        |   |   |                                                            |       |
| (Unaudited)                                         |   |                                         |       |   |                                         |   |       |                                        |   |   |                                        |   |   |                                                            |       |
|                                                |   |                                         |       |   |                                         |   |       |                                        |   |   |                                        |   |   |                                                            |       |
|                                                |   | For the three months ended November 30, 2009 |       |   | For the three months ended November 30, 2008 |   |       | For the nine months ended November 30, 2009 |   |   | For the nine months ended November 30, 2008 |   |   | Period from September 12, 2006 (Inception) To November 30, 2009 |       |
|                                                |   | (Restated)                                   |       |   |                                         |   |       | (Restated)                                  |   |   |                                        |   |   | (Restated)                                                      |       |
|                                                |   |                                         |       |   |                                         |   |       |                                        |   |   |                                        |   |   |                                                            |       |
|                                                |   |                                         |       |   |                                         |   |       |                                        |   |   |                                        |   |   |                                                            |       |
| Revenue                                             |   | $                                            | -          |   |                                         | $      | -          |                                        |   | $      | -                                           |   |   | $                                                               | -          |   |   | $ | - |   |
|                                                |   |                                         |       |   |                                         |   |       |                                        |   |   |                                        |   |   |                                                            |       |   |   |   |   |   |
| Costs and expenses                                  |   |                                         |       |   |                                         |   |       |                                        |   |   |                                        |   |   |                                                            |       |   |   |   |   |   |
| General and administrative expenses                 |   |                                         | 147,255    |   |                                         |   | 127,012    |                                        |   |   | 278,419                                     |   |   |                                                            | 147,303    |   |   |   | 406,126 |   |
| Research and development                            |   |                                         | -          |   |                                         |   | -          |                                        |   |   | 32,942                                      |   |   |                                                            | -          |   |   |   | 122,011 |   |
| Amortization of license agreement costs             |   |                                         | -          |   |                                         |   | -          |                                        |   |   | -                                           |   |   |                                                            | 20,394     |   |   |   | 20,394 |   |
| Provision for impairment of license agreement costs |   |                                         | -          |   |                                         |   | -          |                                        |   |   | -                                           |   |   |                                                            | 3,081,184  |   |   |   | 3,081,184 |   |
| Total costs and expenses                            |   |                                         | 147,255    |   |                                         |   | 127,012    |                                        |   |   | 311,361                                     |   |   |                                                            | 3,248,881  |   |   |   | 3,629,715 |   |
| Loss From Operations                                |   |                                         | (147,255   | )      |                                         |   | (127,012   | )                                           |   |   | (311,361                                    | )      |   |                                                            | (3,248,881 | ) |   |   | (3,629,715 | ) |
| Imputed interest expense                            |   |                                         | -          |   |                                         |   | (128,903   | )                                           |   |   | (96,194                                     | )      |   |                                                            | (199,697   | ) |   |   | (398,422 | ) |
| Interest expense on loans                           |   |                                         | (2,411     | )      |                                         |   | -          |                                        |   |   | (2,411                                      | )      |   |                                                            | -          |   |   |   | (2,411 | ) |
| Interest expense in connection with amendment       |   |                                         |       |   |                                         |   |       |                                        |   |   |                                        |   |   |                                                            |       |   |   |   |   |   |
|  to License Agreement                          |   |                                         | -          |   |                                         |   | -          |                                        |   |   | (800,000                                    | )      |   |                                                            | -          |   |   |   | (800,000 | ) |
| Financing fees                                      |   |                                         | -          |   |                                         |   | -          |                                        |   |   | (180,000                                    | )      |   |                                                            | -          |   |   |   | (180,000 | ) |
| Gains on forgiveness of liabilities                 |   |                                         | 64,366     |   |                                         |   | -          |                                        |   |   | 64,366                                      |   |   |                                                            | -          |   |   |   | 64,366 |   |
| Loss on change in fair value of conversion feature  |   |                                         | (5,089     | )      |                                         |   | -          |                                        |   |   | (5,089                                      | )      |   |                                                            | -          |   |   |   | (5,089 | ) |
| Loss from continuing operations                     |   |                                         | (90,389    | )      |                                         |   | (255,915   | )                                           |   |   | (1,330,689                                  | )      |   |                                                            | (3,448,578 | ) |   |   | (4,951,271 | ) |
| Discontinued operations (Note 10)                   |   |                                         | -          |   |                                         |   | -          |                                        |   |   | -                                           |   |   |                                                            | (6,907     | ) |   |   | (56,292 | ) |
| Net Loss                                            |   | $                                            | (90,389    | )      |                                         | $      | (255,915   | )                                           |   | $      | (1,330,689                                  | )      |   | $                                                               | (3,455,485 | ) |   | $ | (5,007,563 | ) |
|                                                |   |                                         |       |   |                                         |   |       |                                        |   |   |                                        |   |   |                                                            |       |   |   |   |   |   |
| Net loss per share - basic and diluted              |   |                                         |       |   |                                         |   |       |                                        |   |   |                                        |   |   |                                                            |       |   |   |   |   |   |
| Continuing Operations                               |   | $                                            | (0.00      | )      |                                         | $      | (0.01      | )                                           |   | $      | (0.04                                       | )      |   | $                                                               | (0.06      | ) |   |   |   |   |
| Discontinued Operations                             |   |                                         | (0.00      | )      |                                         |   | (0.00      | )                                           |   |   | (0.00                                       | )      |   |                                                            | (0.00      | ) |   |   |   |   |
| Total                                               |   | $                                            | (0.00      | )      |                                         | $      | (0.01      | )                                           |   | $      | (0.04                                       | )      |   | $                                                               | (0.06      | ) |   |   |   |   |
|                                                |   |                                         |       |   |                                         |   |       |                                        |   |   |                                        |   |   |                                                            |       |   |   |   |   |   |
|                                                |   |                                         |       |   |                                         |   |       |                                        |   |   |                                        |   |   |                                                            |       |   |   |   |   |   |
| Weighted Average Shares Outstanding                 |   |                                         |       |   |                                         |   |       |                                        |   |   |                                        |   |   |                                                            |       |   |   |   |   |   |
| Basic and Diluted                                   |   |                                         | 39,181,000 |   |                                         |   | 48,595,000 |                                        |   |   | 32,971,000                                  |   |   |                                                            | 58,908,000 |   |   |   |   |   |

----

| GreenChek Technology Inc.                                          |   |
|--------------------------------------------------------------------|--------|
| (A Development Stage Company)                                      |   |
| Statements of Stockholders' Equity (Deficiency)                    |
| For the Period September 12, 2006 (Inception) to November 30, 2009 |   |
| (Expressed in US Dollars)                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| (Unaudited)                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | Deficit |   |   | Total Stockholders' Equity |   |
|                                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   | Accumulated |   |
|                                                               |   | Common Stock, $0.00001 par value |   |   | Additional |   |   |   |   |   |   |   |   | During the |   |
|                                                               |   | Paid-in |   |   | Treasury Stock |   |   | Development |   |
|                                                               |   | Shares |   |   | Amount |   |   | Capital |   |   | Shares |   |   | Amount |   |   | 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 | ) |
| Net Loss                                                           |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (138,121 | ) |   |   | (138,121 | ) |
| Balance - May 31, 2009                                             |   |   | 64,314,667 |   |   |   | 643 |   |   |   | 269,207 |   |   |   | (35,000,000 | ) |   |   | (100,000 | ) |   |   | (3,814,995 | ) |   |   | (3,645,145 | ) |
| Financing fees (Restated)                                          |   |   | 6,000,000 |   |   |   | 60 |   |   |   | 179,940 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 180,000 |   |
| Stock-based compensation                                           |   |   | 1,866,666 |   |   |   | 19 |   |   |   | 68,481 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 68,500 |   |
| Net Loss (Restated)                                                |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (1,102,179 | ) |   |   | (1,102,179 | ) |
| Balance – August 31, 2009 (Restated)                         |   |   | 72,181,333 |   |   | $ | 722 |   |   | $ | 517,628 |   |   |   | (35,000,000 | ) |   | $ | (100,000 | ) |   | $ | (4,917,174 | ) |   | $ | (4,498,824 | ) |
| Stock-based compensation                                           |   |   | 2,000,000 |   |   |   | 20 |   |   |   | 59,980 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 60,000 |   |
| Fair value of warrants                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| authorized in connection with convertible loan payable             |   |   | - |   |   |   | - |   |   |   | 8,431 |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | 8,431 |   |
| Net Loss (Restated)                                                |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | - |   |   |   | (90,389 | ) |   |   | (90,389 | ) |
| Balance – November 30, 2009 (Restated)                       |   |   | 74,181,333 |   |   | $ | 742 |   |   | $ | 586,039 |   |   |   | (35,000,000 | ) |   | $ | (100,000 | ) |   | $ | (5,007,563 | ) |   | $ | (4,520,782 | ) |

----

| GreenChek Technology Inc.                                                                 |   |                                        |       |   |                                        |   |       |                                                                    |   |
|-------------------------------------------------------------------------------------------|--------|---------------------------------------------|------------|--------|---------------------------------------------|--------|------------|-------------------------------------------------------------------------|--------|
| (A Development Stage Company)                                                             |   |                                        |       |   |                                        |   |       |                                                                    |   |
| Statements of Cash Flows                                                                  |   |                                        |       |   |                                        |   |       |                                                                    |   |
| (Expressed in US Dollars)                                                                 |   |                                        |       |   |                                        |   |       |                                                                    |   |
| (Unaudited)                                                                               |   |                                        |       |   |                                        |   |       |                                                                    |   |
|                                                                                      |   |                                        |       |   |                                        |   |       |                                                                    |   |
|                                                                                      |   | For the nine months ended November 30, 2009 |       |   | For the nine months ended November 30, 2008 |   |       | Period from September 12, 2006 (Date of Inception) To November 30, 2009 |   |
|                                                                                      |
|                                                                                      |
|                                                                                      |   | (Restated)                                  |       |   |                                        |   |       | (Restated)                                                              |   |
| Cash Flows from Operating Activities                                                      |   |                                        |       |   |                                        |   |       |                                                                    |   |
| Net loss                                                                                  |   | $                                           | (1,330,689 | )      |                                        | $      | (3,455,485 | )                                                                       |   | $ | (5,007,563 | ) |
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities: |   |                                        |       |   |                                        |   |       |                                                                    |   |   |   |   |
| Amortization of license agreement costs                                                   |   |                                        | -          |   |                                        |   | 20,394     |                                                                    |   |   | 20,394 |   |
| Depreciation of equipment                                                                 |   |                                        | 751        |   |                                        |   | -          |                                                                    |   |   | 751 |   |
| Provision for impairment of license agreement costs                                       |   |                                        | -          |   |                                        |   | 3,081,184  |                                                                    |   |   | 3,081,184 |   |
| Imputed interest expense                                                                  |   |                                        | 96,194     |   |                                        |   | 199,697    |                                                                    |   |   | 398,422 |   |
| Non-cash interest expense                                                                 |   |                                        | 2,411      |   |                                        |   | -          |                                                                    |   |   | 2,411 |   |
| Donated services and expenses                                                             |   |                                        | -          |   |                                        |   | 6,000      |                                                                    |   |   | 21,000 |   |
| Impairment of mineral property costs                                                      |   |                                        | -          |   |                                        |   | -          |                                                                    |   |   | 3,300 |   |
| Interest expense in connection with amendment to License Agreement                        |   |                                        | 800,000    |   |                                        |   | -          |                                                                    |   |   | 800,000 |   |
| Financing fees                                                                            |   |                                        | 180,000    |   |                                        |   | -          |                                                                    |   |   | 180,000 |   |
| Stock -based compensation                                                                 |   |                                        | 119,750    |   |                                        |   | -          |                                                                    |   |   | 119,750 |   |
| Gain on re-valuation of derivative liability                                              |   |                                        | 5,089      |   |                                        |   | -          |                                                                    |   |   | 5,089 |   |
| Gains on forgiveness of liabilities                                                       |   |                                        | 64,366     |   |                                        |   | -          |                                                                    |   |   | 64,366 |   |
| Changes in operating assets and liabilities:                                              |   |                                        |       |   |                                        |   |       |                                                                    |   |   |   |   |
| Inventory                                                                                 |   |                                        | (85,230    | )      |                                        |   | -          |                                                                    |   |   | (85,230 | ) |
| Accounts payable and accrued liabilities                                                  |   |                                        | (63,229    | )      |                                        |   | 15,468     |                                                                    |   |   | 2,551 |   |
| Due to related party                                                                      |   |                                        | 76,000     |   |                                        |   | -          |                                                                    |   |   | 76,000 |   |
| Prepaid expenses                                                                          |   |                                        | (882       | )      |                                        |   | (754       | )                                                                       |   |   | (8,588 | ) |
| Net cash used in operating activities                                                     |   |                                        | (135,469   | )      |                                        |   | (133,496   | )                                                                       |   |   | (326,163 | ) |
|                                                                                      |   |                                        |       |   |                                        |   |       |                                                                    |   |   |   |   |
| 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     |   |                                        |   | 189,900    |                                                                    |   |   | 271,350 |   |
| Purchase of treasuary stock                                                               |   |                                        | -          |   |                                        |   | (100,000   | )                                                                       |   |   | (100,000 | ) |
| Offering costs incurred                                                                   |   |                                        | -          |   |                                        |   | -          |                                                                    |   |   | (22,500 | ) |
| Due to related parties                                                                    |   |                                        | 83,827     |   |                                        |   | 44,001     |                                                                    |   |   | 146,412 |   |
| Proceeds from loans payable                                                               |   |                                        | 43,631     |   |                                        |   | -          |                                                                    |   |   | 43,631 |   |
| Net cash provided by financing activities                                                 |   |                                        | 144,508    |   |                                        |   | 133,901    |                                                                    |   |   | 338,893 |   |
|                                                                                      |   |                                        |       |   |                                        |   |       |                                                                    |   |   |   |   |
| Increase in cash                                                                          |   |                                        | 5,112      |   |                                        |   | 405        |                                                                    |   |   | 5,503 |   |
|                                                                                      |   |                                        |       |   |                                        |   |       |                                                                    |   |   |   |   |
| Cash - beginning of period                                                                |   |                                        | 391        |   |                                        |   | 688        |                                                                    |   |   | - |   |
|                                                                                      |   |                                        |       |   |                                        |   |       |                                                                    |   |   |   |   |
| Cash - end of period                                                                      |   | $                                           | 5,503      |   |                                        | $      | 1,093      |                                                                    |   | $ | 5,503 |   |
|                                                                                      |   |                                        |       |   |                                        |   |       |                                                                    |   |   |   |   |
|                                                                                      |   |                                        |       |   |                                        |   |       |                                                                    |   |   |   |   |
| 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  |                                                                    |   | $ | 3,101,578 |   |
| Non-cash financing activity:                                                              |   |                                        |       |   |                                        |   |       |                                                                    |   |   |   |   |
| Repayment of amount due licensor of license agreement                                     |   |                                        |       |   |                                        |   |       |                                                                    |   |   |   |   |
|  in exchange for increase in due to related party                                    |   | $                                           | -          |   |                                        | $      | 300,000    |                                                                    |   | $ | 300,000 |   |

----

----

| License agreement costs, net, at November 30, 2009 and February 28, 2009 consist of: |   |   |       |
|--------------------------------------------------------------------------------------|--------|--------|------------|
|                                                                                 |   |   |       |
| 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, (unpaid at November 30, 2009); and |
|----------------|------------------------------------------------------------------------|

| 2.   | $300,000 payable on August 31, 2010 (unpaid at November 30, 2009). |
|----------------|--------------------------------------------------------------------|

----

| Equipment, net, at November 30, 2009 consists of: |   |   |   |
|---------------------------------------------------|--------|--------|--------|
|                                              |   |   |   |
| Equipment                                         |   | $      | 3,927  |   |
| Less accumulated depreciation                     |   |   | (751   | ) |
|     Equipment, net            |   | $      | 3,176  |   |

----

|                                                                                                                                                   |   |   |   | November 30, 2009 |   |   |   | February 28, 2009 |
|--------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------|-------------------|--------|--------|--------|-------------------|
| Due to chief executive officer:                                                                                                                        |   |   |   |              |   |   |   |              |
|     Amount due relating to the deemed payment of the $300,000                                                                      |
| license agreement installment due August 13, 2008,                                                                                                     |   |   |   |              |   |   |   |              |
| non-interest bearing, due the earlier of (1) the closing of a                                                                                          |   |   |   |              |   |   |   |              |
|             financing of $1,000,000 or more or (2) July 14, 2010,                               |   |   |   |              |   |   |   |              |
|             convertible at the option of the Principal commencing                               |   |   |   |              |   |   |   |              |
|             November 28, 2009 and convertible at the option of the                              |   |   |   |              |   |   |   |              |
|             Company on the due date into common stock at a price                                |   |   |   |              |   |   |   |              |
|             equal to 75% of the closing price on the date of conversion                         |   |   | $      | 300,000           |   |   | $      | 300,000           |
|       Discount relating to the fair value of the embedded beneficial                                                     |   |   |   |              |   |   |   |              |
|             conversion feature at November 28, 2009                                             |   |   |   | (238,477)         |   |   |   | -                 |
|      Accretion of discount from November 28, 2009 to November                                                                 |   |   |   |              |   |   |   |              |
|          30, 2009                                                                                         |   |   |   | 1,141             |   |   |   | -                 |
|      Net                                                                                                                      |   |   |   | 62,664            |   |   |   | 300,000           |
|     Accrued management fee                                                                                                         |   |   |   | 52,498            |   |   |   | 11,633            |
|     Other                                                                                                                          |   |   |   | 97,580            |   |   |   | 2,306             |
| Due to former majority stockholder and chief executive officer:                                                                                        |   |   |   |              |   |   |   |              |
| Amount due relating to the Company's purchase of treasury   stock                                                                       |   |   |   | 25,000            |   |   |   | 25,000            |
|     Other, non-interest bearing, no repayment terms                                                                                |   |   |   | 16,637            |   |   |   | 16,164            |
| Due to former director and chief strategy officer for consulting             services |   |   |   | 4,737             |   |   |   | 3,930             |
| Due to former director and chief financial officer                                                                                                     |   |   |   | 55,959            |   |   |   | 3,552             |
| Total                                                                                                                                                  |   |   | $      | 315,075           |   |   | $      | 362,585           |

----

| Amount due to licensor of license agreement, net, at November 30, 2009, consists of: |   |   |      |
|--------------------------------------------------------------------------------------|--------|--------|-----------|
|                                                                                 |   |   |      |
| Amount due December 31, 2009                                                         |   | $      | 1,000,000 |   |
| Amount due March 31, 2010                                                            |   |   | 1,000,000 |   |
| Amount due August 31, 2010                                                           |   |   | 1,200,000 |   |
| Amounts due under Amendment  to License                                    |   |   |      |   |
| Agreement dated July 10, 2009:                                                       |   |   |      |   |
| Amount due August 9, 2009                                                            |   |   | 500,000   |   |
| Amount due August 31, 2010                                                           |   |   | 300,000   |   |
| Total                                                                                |   | $      | 4,000,000 |   |

| 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 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 provides that the 35,000,000 shares are to be returned to Sarai if the Company fails to pay the remaining $25,000 to Sarai by March 1, 2009 (which date has been 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 do not occur. |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| c)   | On May 8, 2009, pursuant to a 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 Note 11 (b) and (c). |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| e)   | On August 25, 2009, the Company issued 3,000,000 restricted shares of the Company’s 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 the Company’s common stock with a fair value of $90,000 to Bodie Investment Group 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 the Company’s 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). |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                                                              |   |                             |    |   |                             |   |    |                            |   |   |                            |   |   | Period from                                    |    |
|-------------------------------------------------------------------|--------|----------------------------------|---------|--------|----------------------------------|--------|---------|---------------------------------|--------|--------|---------------------------------|--------|--------|------------------------------------------------|---------|
|                                                              |   | For the three month period Ended |    |   | For the three month period Ended |   |    | For the nine month period Ended |   |   | For the nine month period Ended |   |   | September 12, 2006 (Date of Inception) to |    |
|                                                              |   | November 30,                     |    |   | November 30,                     |   |    | November 30,                    |   |   | November 30,                    |   |   | November 30,                                   |    |
|                                                              |   | 2009                             |    |   | 2008                             |   |    | 2009                            |   |   | 2008                            |   |   | 2009                                           |    |
| Revenues                                                          |   | $                                | – |   |                             | $      | – |                            |   | $      | –                         |   |   | $                                              | – |   |   | $ | – |   |
|  Cost and expenses                                           |   |                             |    |   |                             |   |    |                            |   |   |                            |   |   |                                           |    |   |   |   |   |   |
|    General and administrative expenses             |   |                             | – |   |                             |   | – |                            |   |   | –                         |   |   |                                           | 6,907   |   |   |   | 51,925 |   |
|    Impairment of mineral property costs            |   |                             | – |   |                             |   | – |                            |   |   | –                         |   |   |                                           | – |   |   |   | 3,300 |   |
|    Mineral property exploration and carrying costs |   |                             | – |   |                             |   | – |                            |   |   | –                         |   |   |                                           | – |   |   |   | 1,067 |   |
|  Total costs and expenses                                    |   |                             | – |   |                             |   | – |                            |   |   | –                         |   |   |                                           | 6,907   |   |   |   | 56,292 |   |
|  Net Loss                                                    |   | $                                | – |   |                             | $      | – |                            |   | $      | –                         |   |   | $                                              | (6,907  | ) |   | $ | (56,292 | ) |
|                                                              |   |                             |    |   |                             |   |    |                            |   |   |                            |   |   |                                           |    |   |   |   |   |   |

| 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 5,000 Canadian dollars (approximately $4,737 translated at the November 30, 2009, exchange rate) to Parke. Either party can terminate the agreement with 30 days written notice. |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 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 has the option to repurchase the shares issued to DC Consulting at a price per share equal to the closing price of the Company’s common stock on the day the shares were issued, or $0.065 per share. The Company issued 500,000 restricted shares of common stock with a fair value of $15,000 on July 30, 2009 and at November 30, 2009, $8,750 was included in prepaid expenses. |
|----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 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 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.  The Company issued 416,666 restricted shares of common stock with a fair value of $25,000 on July 30, 2009. |
|----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 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. |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 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 November 30, 2009. |
|------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 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 November 30, 2009. |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 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 upon execution of the contract.  Refer to Note 8 (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 agreements, 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 for the agreement Is the date Bodie advances $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.  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 8 (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.  Refer to Note 8 (g). |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 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. |
|----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Year Ending February 28 |   | Amount |    |
|-------------------------|--------|--------|---------|
| 2010                    |   | $      | 12,546  |   |
| 2011                    |   |   | 50,796  |   |
| 2012                    |   |   | 52,657  |   |
| 2013                    |   |   | 35,942  |   |
| Total                   |   | $      | 151,941 |   |

----

| Balance Sheet                                    |         |              |
|--------------------------------------------------|--------------|-------------------|
|                                             |    | November 30, 2009 |
|                                             |         | As Reported  |   |   | Current Year Adjustments |   | As Restated |
|                                             |         |              |   |   |   |   |   |   |   |
| LIABILITIES AND STOCKHOLDERS’ DEFICIENCY   |         |              |   |   |   |   |   |   |   |
| Stockholders’ deficiency                   |         |              |   |   |   |   |   |   |   |
| Common Stock                                     |         |              | 662 |   |   |   | 80 |   | 742 |
| Additional Paid-In Capital                       |         |              | 346,119 |   |   |   | 239,920 |   | 586,039 |
| Treasury Stock                                   |         |              | (100,000) |   |   |   | - |   | (100,000) |
| Deficit accumulated during the development stage |    |              | (4,767,563) |   |   |   | (240,000) |   | (5,007,563) |
| Total Stockholders’ Deficiency             |    |              | (4,520,782) |   |   |   | - |   | (4,520,782) |

| Statement of Operations                      |                                |
|----------------------------------------------|-------------------------------------|
|                                         | Nine months ended November 30, 2009 |
|                                         |                                |   |   |   |   |
|                                         |                                |   | Current Year |   |   |   |
|                                         | As Reported                    |   | Adjustments |   | As Restated |   |
|                                         |                                |   |   |   |   |   |   |   |
| Costs and expenses                           |                                |   |   |   |   |   |   |   |
| General and administrative expenses          | $                                   | 218,419 | $ | 60,000 |   | $ | 278,419 |   |
| Financing fees                               |                                | - |   | 180,000 |   |   | 180,000 |   |
|                                         |                                |   |   |   |   |   |   |   |
| Net Loss                                     | $                                   | (1,090,689) | $ | (240,000) |    | $ | (1,330,689) |   |
|                                         |                                |   |   |   |   |   |   |   |
| Net loss per share – basic and diluted | $                                   | (0.04) | $ | - |   | $ | (0.04) |   |
|                                         |                                |   |   |   |   |   |   |   |
| Weighted average common shares outstanding:  |                                |   |   |   |    |   |   |   |
| Basic and diluted                            |                                | 30,146,000 |   | 2,825,000 |    |   | 32,971,000 |   |

----

| Statement of Operations                      |   |                                 |       |
|----------------------------------------------|--------|--------------------------------------|------------|
|                                         |   | Three months ended November 30, 2009 |       |
|                                         |   |                                 |       |   |   |   |   |   |   |
|                                         |   |                                 |       |   | Current Year |   |   |   |   |
|                                         |   | As Reported                     |       |   | Adjustments |   |   | As Restated |   |
|                                         |   |                                 |       |   |   |   |   |   |   |
| Costs and expenses                           |   |                                 |       |   |   |   |   |   |   |
| General and administrative expenses          |   | $                                    | 87,255     |   |   | $ | 60,000 |   |   | $ | 147,255 |   |
|                                         |   |                                 |       |   |   |   |   |   |   |   |   |   |
| Net Loss                                     |   | $                                    | (30,389    | ) |   | $ | (60,000 | ) |   | $ | (90,389 | ) |
|                                         |   |                                 |       |   |   |   |   |   |   |   |   |   |
| Net loss per share – basic and diluted |   | $                                    | (0.00      | ) |   | $ | - |   |   | $ | (0.00 | ) |
|                                         |   |                                 |       |   |   |   |   |   |   |   |   |   |
| Weighted average common shares outstanding:  |   |                                 |       |   |   |   |   |   |   |   |   |   |
| Basic and diluted                            |   |                                 | 31,181,000 |   |   |   | 8,000,000 |   |   |   | 39,181,000 |   |

| Statement of Cash Flows               |                                |   |
|---------------------------------------|-------------------------------------|--------|
|                                  | Nine months ended November 30, 2009 |   |
|                                  |                                |   |   |   |   |   |   |
|                                  |                                |   |   | Current Year |   |   |   |
|                                  | As Reported                    |   |   | Adjustments |   | As Restated |   |
|                                  |                                |   |   |   |   |   |   |   |   |
| Cash Flows from Operating Activities  |                                |   |   |   |   |   |   |   |   |
| Net loss                              |                                | $      | (1,090,689 | ) |   | $ | (240,000 | ) |   | $ | (1,330,689 | ) |
|                                  |                                |   |   |   |   |   |   |   |   |   |   |   |
| Stock-based compensation              |                                |   | 59,750 |   |   |   | 60,000 |   |   |   | 119,750 |   |
| Financing fee                         |                                |   | – |   |   |   | 180,000 |   |   |   | 180,000 |   |
| Net cash used in operating activities |                                | $      | (135,469 | ) |   | $ | – |   |   | $ | (135,469 | ) |
|                                  |                                |   |   |   |   |   |   |   |   |   |   |   |

| a)   | 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.  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. |
|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| b)   | On December 31, 2009, the Company entered into a second amendment to the license agreement referred to in Note 3.  Pursuant to the amendment the $1,000,000 payment due on December 31, 2009 and the $500,000 owing after the signing of the first amendment shall be reduced to $550,000 which shall represent payment in full of these amounts.  The remaining $950,000 of the $1,500,000 aggregate principal amount shall be forgiven by the Licensor. On January 14, 2010, a third party tendered a check to Licensor on behalf of the Company in the amount of 4,265,420 Hong Kong dollars (equivalent to $550,000). |
|----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| Exhibit Number |   | Description                                                                     |   | Where Found     |
|----------------|--------|---------------------------------------------------------------------------------|--------|-----------------|
| 31.1           |   | Rule 13a-14(a)/15d14(a) Certifications of Chief Executive and Financial Officer |   | Attached Hereto |
| 32.1           |   | Section 1350 Certifications                                                     |   | Attached Hereto |

----

|                       | GREENCHEK TECHNOLOGY INC. |                                                         |
|----------------------------|---------------------------|--------------------------------------------------------------|
|                       |                      |                                                         |   |
| Dated: June 11, 2010  | By:                       | /s/ Lincoln Parke                                       |   |
|                       |                      | Name:  Lincoln Parke                               |   |
|                       |                      | Title:    President and Treasurer        |   |
|                       |                      | (Principal Executive, Financial andAccounting Officer)  |   |