| Minnesota(State or other jurisdiction of incorporation or      organization)                              | 41-1596056(IRS Employer Identification      No.) |
|-----------------------------------------------------------------------------------------------------------|--------------------------------------------------|
| 3245 Hennepin Ave S Suite      3, Minneapolis MN (Address of Principal Executive      Offices)  | 55408(ZipCode)                                   |

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|                                                                                                                                                                                          |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| PART      I - FINANCIAL INFORMATION                                                                                                                                                           | 3      |
|                                                                                                                                                                                          |   |
| ITEM      1. FINANCIAL STATEMENTS                                                                                                                                                             | 3      |
|                                                                                                                                                                                          |   |
|      Balance      Sheets as of September 30, 2009 (unaudited) and (unreviewed) and      December 31, 2008                                                       | 3      |
|                                                                                                                                                                                          |   |
|      Statements      of Operations for the nine months ended September 30, 2009      (unaudited) and (unreviewed) and September 30, 2008      (unaudited)  | 4      |
|                                                                                                                                                                                          |   |
|      Statements      of Cash Flows for the nine months ended September 30, 2009 (unaudited)and      (unreviewed) and September 30, 2008 (unaudited)             | 5      |
|                                                                                                                                                                                          |   |
|      Notes      to the Financial Statements                                                                                                                          | 6      |
|                                                                                                                                                                                          |   |
|  ITEM      2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND      RESULTS OF OPERATIONS                                                  | 7      |
|                                                                                                                                                                                          |   |
| ITEM      3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET    RISK                                                                                                                    | 8      |
|                                                                                                                                                                                          |   |
| ITEM      4. CONTROLS AND PROCEDURES                                                                                                                                                     | 9      |
|                                                                                                                                                                                          |   |
| ITEM      4T. CONTROLS AND PROCEDURES                                                                                                                                                         | 9      |
|                                                                                                                                                                                          |   |
| PART      II – OTHER INFORMATION                                                                                                                                                        | 10     |
|                                                                                                                                                                                          |   |
| ITEM      1. LEGAL PROCEEDINGS                                                                                                                                                                | 10     |
|                                                                                                                                                                                          |   |
| ITEM      2. CHANGE IN SECURITIES AND USE OF PROCEEDS                                                                                                                                         | 10     |
|                                                                                                                                                                                          |   |
| ITEM      3. DEFAULTS UPON SENIOR SECURITIES                                                                                                                                                  | 10     |
|                                                                                                                                                                                          |   |
| ITEM      4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS                                                                                                                              | 10     |
|                                                                                                                                                                                          |   |
| ITEM      5. OTHER INFORMATION                                                                                                                                                                | 10     |
|                                                                                                                                                                                          |   |
| ITEM      6.  EXHIBITS AND REPORTS ON FORM 8-K                                                                                                                                      | 10     |
|                                                                                                                                                                                          |   |
| SIGNATURES                                                                                                                                                                                    | 10     |

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| SUBJEX      CORPORATION                                                              |
|--------------------------------------------------------------------------------------|
| BALANCE      SHEETS                                                                  |
|                                                                                 |   |   |   |   |   |   |   |   |   |   |
|                                                                                 |   |   |   |   |   |  September      30, |   |   | December      31, |
|                                                                                 |   |   |   |   |   | 2009 |   |   |  2008 |   |
|                                                                                 |   |   |   |   |   |  (Unaudited) |   |   |  (Audited) |   |
|  ASSETS                                                                         |   |   |   |   |   |   |   |
|                                                                                 |   |   |   |   |   |   |   |   |
| Current      Assets:                                                                 |   |   |   |   |   |   |   |   |
|                                                                                 | Cash |   |   | $ |                      7 |   |  $ |                1,546 |   |
|                                                                                 | Accounts      receivable |   |   |                     - |   |   |                3,011 |   |
|                                                                                 |   |   |   |   |   |   |   |   |   |   |
|                                                                                 |   | Total      current assets |   |                      7 |   |   |                4,557 |   |
|                                                                                 |   |   |   |   |   |   |   |   |   |   |
| Property      and equipment, net                                                     |   |                     - |   |   |                     - |   |
|                                                                                 | Other      assets, net |   |   |               2,611 |   |   |                2,611 |   |
|                                                                                 |   |   |   |   |   |   |   |   |   |   |
|                                                                                 |   | Total      assets |   | $ |               2,618 |   | $ |                7,168 |   |
|                                                                                 |   |   |   |   |   |   |   |   |   |   |
|                                                                                 |   |   |   |   |   |   |   |   |   |   |
| LIABILITIES AND STOCKHOLDERS'      DEFICIT                                           |   |   |   |   |   |   |
|                                                                                 |   |   |   |   |   |   |   |   |   |   |
| Current      Liabilities:                                                            |   |   |   |   |   |   |   |   |
|                                                                                 | Short-term      notes payable |   |             17,677 |   |   |              19,177 |   |
|                                                                                 | Subordinated      convertible notes payable |   |             23,000 |   |   |              23,000 |   |
|                                                                                 | Accounts      payable |   |   |           206,287 |   |   |            184,087 |   |
|                                                                                 | Accrued      expenses: |   |   |   |   |   |   |   |
|                                                                                 | Accrued      expenses-related party |   |           622,814 |   |   |            206,956 |   |
|                                                                                 | Payroll      and payroll taxes |   |             17,642 |   |   |              38,085 |   |
|                                                                                 | Accrued      interest |   |   |             27,022 |   |   |              25,320 |   |
|                                                                                 | Accrued      expenses |   |   |               4,207 |   |   |                3,947 |   |
|                                                                                 |   |   |   |   |   |   |   |   |   |   |
|                                                                                 |   | Total      current liabilities |   |           918,647 |   |   |            500,572 |   |
|                                                                                 |   |   |   |   |   |   |   |   |   |   |
| Long-term      debt:                                                                 |   |   |   |   |   |   |   |   |
|                                                                                 | Long-term      debt, less current portion |   |                     - |   |   |                     - |   |
|                                                                                 |   |   |   |   |   |   |   |   |   |   |
|                                                                                 |   | Total      liabilities |   |   |           918,647 |   |   |            500,572 |   |
|                                                                                 |   |   |   |   |   |   |   |   |   |   |
| Stockholders'      deficit:                                                          |   |   |   |   |   |   |   |
|                                                                                 | Common      stock, no par or stated value; |   |   |   |   |   |   |
|                                                                                 |   | 100,000,000      shares authorized: 99,875,631 and |   |   |   |   |   |
|                                                                                 |   | 99,497,720      shares issued and outstanding at |   |   |   |   |   |   |
|                                                                                 |   | September      30, 2009 and December 31, 2008, respectively |        6,202,359 |   |   |         6,505,147 |   |
|                                                                                 | Accumulated      deficit |   |   |       (7,118,388) |   |   |       (6,998,551) |   |
|                                                                                 |   |   |   |   |   |   |   |   |   |   |
| Stockholders'      deficit                                                           |   |   |          (916,029) |   |   |          (493,404) |   |
|                                                                                 |   |   |   |   |   |   |   |   |   |   |
|                                                                                 |   |   |   |   |   |   |   |   |   |   |
|                                                                                 | Total      liabilities and stockholders’ deficit | $ |               2,618 |   | $ |                7,168 |   |
|                                                                                 |   |   |   |   |   |   |   |   |   |   |
|                                                                                 |   |   |   |   |   |   |   |   |   |   |
| The      accompanying notes are an integral part of these financial      statements. |   |
|                                                                                 |   |   |   |   |   |   |   |   |   |   |

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|  SUBJEX      CORPORTION                                                         |
|--------------------------------------------------------------------------------------|
| STATEMENTS      OF OPERATIONS                                                        |
| (Unaudited)                                                                          |
|                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                 |   |   |   |   | Three      Months Ended September 30,    | Nine      Months Ended September 30,    |
|                                                                                 |   |   |   |   |   |  2009 |   |   |        2008 |   |   |  2009 |   |   |  2008 |
|                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Revenues                                                                             |   |   | $ |               3,000 |   | $ |                   575 |   | $ |          11,025 |   | $ |                   575 |
|                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Expenses:                                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                 | Selling,      general and administrative |   |             15,369 |   |   |            115,160 |   |   |        128,473 |   |   |            242,046 |
|                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                 |   | Total      operating expense |   |             15,369 |   |   |            115,160 |   |   |        128,473 |   |   |            242,046 |
|                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                 |   | Operating      loss |   |   |            (12,369) |   |   |          (114,585) |   |   |      (117,449) |   |   |          (241,471) |
|                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Other      income (expense)                                                          |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                 | Interest      expense |   |   |                 (567) |   |   |              (1,457) |   |   |          (2,389) |   |   |              (3,624) |
|                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net      loss                                                                        |   |   |   | $ |            (12,936) |   | $ |          (116,042) |   | $ |      (119,837) |   | $ |          (245,095) |
|                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net      loss per basic and diluted common share                                     | $ |              (0.001) |   | $ |              (0.001) |   | $ |          (0.001) |   | $ |              (0.001) |
|                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Weighted      average common shares                                                  |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                 | outstanding      - basic and diluted |   |      99,574,566 |   |   |       99,297,720 |   |   |   99,574,566 |   |   |       99,297,720 |
|                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| The      accompanying notes are an integral part of these financial      statements. |
|                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |

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| SUBJEX      CORPORTION        |
|-------------------------------|
| STATEMENTS      OF CASH FLOWS |
| (Unaudited)                   |

|                                                                                       |                                                      |   |   |                                                                       |                                                                                            |                                                                                                                                  |                                                                                                                      |  Nine      Months Ended September 30,       |
|--------------------------------------------------------------------------------------------|-----------------------------------------------------------|--------|--------|----------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------|
|                                                                                       |                                                      |   |   |                                                                       |                                                                                            |                                                                                                                                  |                                                                                                                      |                                                            |   2009 |   |   |   2008 |
|                                                                                       |                                                      |   |   |                                                                       |                                                                                            |                                                                                                                                  |                                                                                                                      |                                                            |   |   |   |   |
| Cash      flow from operating activities:                                                  |                                                      |   |   |                                                                       |                                                                                            |                                                                                                                                  |                                                                                                                      |                                                            |
|                                                                                       | Net      loss                                             |   |   |                                                                       |                                                                                            |                                                                                                                                  |  $                                                                                                                   |          (119,837) |   |  $ |      (245,095) |
|                                                                                       | Adjustments      to reconcile net loss to                 |   |   |                                                                       |                                                                                            |                                                                                                                                  |                                                                                                                      |                                                            |   |
|                                                                                       | net      cash flows used in operating activities:         |   |   |                                                                       |                                                                                            |                                                                                                                                  |                                                                                                                      |                                                            |   |
|                                                                                       | Depreciation      and amortization                        |   |   |                                                                       |                                                                                            |                     -             |                                                                                                                      |                                                            |            3,838 |
|                                                                                       | Non      cash common stock issued for consulting services |   |   |            (44,000) |                                                                                            |                                                                                                                                  |          53,800                                                              |
|                                                                                       | Changes      in operating assets and liabilities:         |   |   |                                                                       |                                                                                            |                                                                                                                                  |                                                                                                                      |                                                            |   |
|                                                                                       | Accounts      receivable                                  |   |   |                                                                       |                                                                                            |                                                                                                                                  |                3,010                           |                                                            |   |            1,517 |
|                                                                                       | Prepaid      expenses                                     |   |   |                                                                       |                                                                                            |                                                                                                                                  |                     - |                                                            |   |          23,125 |
|                                                                                       | Accounts      payable                                     |   |   |                                                                       |                                                                                            |                                                                                                                                  |              22,200                                      |                                                            |   |          18,886 |
|                                                                                       | Payroll      and payroll taxes                            |   |   |                                                                       |                                                                                            |            (20,443)                                                            |                                                                                                                      |                                                            |          22,895 |
|                                                                                       | Accrued      expenses                                     |   |   |                                                                       |                                                                                            |                                                                                                                                  |              (1,241)                                     |                                                            |   |          (7,042) |
|                                                                                       | Accrued      interest                                     |   |   |                                                                       |                                                                                            |                                                                                                                                  |                1,701                           |                                                            |   |            1,701 |
|                                                                                       | Accrued      expenses-related party                       |   |   |                                                                       |                                                                                            |            415,858                                                             |                                                                                                                      |                                                            |        (23,676) |
|                                                                                       |                                                      |   |   |                                                                       |                                                                                            |                                                                                                                                  |                                                                                                                      |                                                            |   |   |   |   |
|                                                                                       | Net      cash used in operating activities                |   |   |                                                                       |                                                                                            |            257,248                                                             |                                                                                                                      |                                                            |      (150,051) |
|                                                                                       |                                                      |   |   |                                                                       |                                                                                            |                                                                                                                                  |                                                                                                                      |                                                            |   |   |   |   |
|                                                                                       |                                                      |   |   |                                                                       |                                                                                            |                                                                                                                                  |                                                                                                                      |                                                            |   |   |   |   |
| Cash      flow from investing activities:                                                  |                                                      |   |   |                                                                       |                                                                                            |                                                                                                                                  |                                                                                                                      |                                                            |
|                                                                                       | Notes      Receivable                                     |   |   |                                                                       |                                                                                            |                                                                                                                                  |                     - |                                                            |   |            1,000 |
|                                                                                       |                                                      |   |   |                                                                       |                                                                                            |                                                                                                                                  |                                                                                                                      |                                                            |   |   |   |   |
|                                                                                       | Net      cash used in investing activities                |   |   |                                                                       |                                                                                            |                     -             |                                                                                                                      |                                                            |            1,000 |
|                                                                                       |                                                      |   |   |                                                                       |                                                                                            |                                                                                                                                  |                                                                                                                      |                                                            |   |   |   |   |
|                                                                                       |                                                      |   |   |                                                                       |                                                                                            |                                                                                                                                  |                                                                                                                      |                                                            |   |   |   |   |
| Cash      flow from financing activities:                                                  |                                                      |   |   |                                                                       |                                                                                            |                                                                                                                                  |                                                                                                                      |                                                            |
|                                                                                       | Proceeds      from issuance of capital stock              |   |   |                                                                       |                                                                                            |          (258,788)                                                                       |                                                                                                                      |                                                            |        146,338 |
|                                                                                       | Proceeds      from stock subscriptions                    |   |   |                                                                       |                                                                                            |                     -             |                                                                                                                      |                                                            |        (10,000) |
|                                                                                       |                                                      |   |   |                                                                       |                                                                                            |                                                                                                                                  |                                                                                                                      |                                                            |   |   |   |   |
|                                                                                       | Net      cash provided by financing activities            |   |   |                                                                       |                                                                                            |          (258,788)                                                                       |                                                                                                                      |                                                            |        136,338 |
|                                                                                       |                                                      |   |   |                                                                       |                                                                                            |                                                                                                                                  |                                                                                                                      |                                                            |   |   |   |   |
|                                                                                       |                                                      |   |   |                                                                       |                                                                                            |                                                                                                                                  |                                                                                                                      |                                                            |   |   |   |   |
| Decrease      in cash                                                                      |                                                      |   |   |                                                                       |                                                                                            |                                                                                                                                  |              (1,540)                                     |                                                            |   |        (12,712) |
| Cash      at beginning of period                                                           |                                                      |   |   |                                                                       |                1,546 |                                                                                                                                  |                                                                                                                      |          15,217    |
|                                                                                       |                                                      |   |   |                                                                       |                                                                                            |                                                                                                                                  |                                                                                                                      |                                                            |   |   |   |   |
| Cash      at end of period                                                                 |                                                      |   |   |                                                                       |  $                                                                                         |                       7 |                                                                                                                      |  $                                                         |            2,505 |
|                                                                                       |                                                      |   |   |                                                                       |                                                                                            |                                                                                                                                  |                                                                                                                      |                                                            |   |   |   |   |
| Supplemental      cash flow information:                                                   |                                                      |   |   |                                                                       |                                                                                            |                                                                                                                                  |                                                                                                                      |                                                            |
|                                                                                       | Cash      paid for interest                               |   |   |                                                                       |                                                                                            |  $                                                                                                                               |                     - |                                                            |  $ |                  - |
|                                                                                       | Cash      paid for income taxes                           |   |   |                                                                       |  $                                                                                         |                     -             |                                                                                                                      |  $                                                         |                  - |
|                                                                                       |                                                      |   |   |                                                                       |                                                                                            |                                                                                                                                  |                                                                                                                      |                                                            |   |   |   |   |
|  The      accompanying notes are an integral part of these financial      statements. |                                                      |   |   |
|                                                                                       |                                                      |   |   |                                                                       |                                                                                            |                                                                                                                                  |                                                                                                                      |                                                            |   |   |   |   |

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|   | Evaluation of Disclosure Controls and      Procedures |
|--------|-------------------------------------------------------|

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