**UNITED
      STATES SECURITIES & EXCHANGE COMMISSION**


Washington,
      D.C. 20549





**FORM
      10-QSB**





x**Quarterly Report under Section 13 OR 15(d) of the Security
      and
      Exchange Act of 1934**


For
      the quarterly period ended September 30, 2007





o**Transition Report pursuant to Section 13 or 15(d) of
      the
      Securities Exchange**


**Act
      of 1934**




File
      Number 0-29711




**Subjex
      Corporation**


(Exact
      name of issuer as specified in its charter)




Minnesota
            41-1596056(State
                or jurisdiction of incorporation or organization)
            (IRS
                Employer IdentificationNumber)




3245
      Hennepin Ave S, Suite 1, Minneapolis, MN 55408


(Address
      of Principal Executive Offices)




(612)
      827-2203


(Issuer’s
      telephone number)





Former
      Name, Former Address and Former Fiscal Year if Changed Since Last
      Report





Securities
      registered pursuant to Section 12(b) of the Exchange
      Act:****None




Securities
      registered pursuant to Section 12(g) of the Exchange
      Act:****None




Common
      Stock, no par value







Check
      whether the issuer (1) filed all reports required to be filed by Section 13
      or
      15(d) of the Securities and Exchange Act of 1934 during the past 12 months
      (or
      for such shorter period that the issuer was required to file such reports),
      and
      (2) has been subject to such filing requirements for the past 90 days. YES
x NO o





Indicate
      by check mark whether the registrant is a shell company (as defined in Rule
      12b-2 of the Exchange Act). Yes o No x




The
      aggregate market value of the common stock of the issuer held by non-affiliates
      of the issuer on November 7, 2007 based on the closing price of the common
      stock
      as reported on the OTC Bulletin Board on such date was $3,264,210.




As
      of
      November 7, 2007 there were 81,605,244outstandingshares
      of
      common stock, no par value.




Traditional
      Small Business Disclosure Format: Yes o   No
x







1




SUBJEX
      CORPORATION




**ITEM**
              **INDEX**
              **PAGE****PART
                  I - FINANCIAL INFORMATION**ITEM
                  1. **FINANCIAL STATEMENTS**Balance
                  Sheets as of September 30, 2007 (unaudited) and
                  December 31, 2006 (audited)
              3Statements
                  of Operations for the Three and Nine Months Ended
                  September 30, 2007 and September 30, 2006
              4Statements
                  of Cash Flows for the Nine Months Ended September
                  30, 2007 and September 30, 2006
              5Notes
                  to the Financial Statements
              6ITEM
                  2.**MANAGEMENT’S DISCUSSION AND ANALYSIS OF
                  FINANCIAL CONDITION AND RESULTS OF OPERATIONS**
              7ITEM
                  3. **CONTROLS AND
                  PROCEDURES**
              8**PART
                  II – OTHER
                  INFORMATION**
              9ITEM
                  1. LEGAL PROCEEDINGSITEM
                  2. CHANGE IN SECURITIES AND USE OF PROCEEDSITEM
                  3. DEFAULTS UPON SENIOR SECURITIESITEM
                  4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERSITEM
                  5. OTHER INFORMATIONITEM
                  6.  EXHIBITS AND REPORTS ON FORM 8-K**CERTIFICATION
                  PURSUANT TO SECTION 06 OF THE SARBANES-OXLEY ACT OF
                  2002****CERTIFICATIONS**
              ****17**SIGNATURES**


2
 *Index*




SUBJEX
        CORPORATION
 BALANCE
        SHEETS
 (Unaudited)


30-Sep
            
            
            31-Dec2007
            
            
            2006(Unaudited)
            
            
            (Audited)ASSETSCurrent
                Assets:Cash
            
            $
            5,659
            
            
            $
            96,835Deposits
            
            
            2,611
            
            
            
            -Accounts
                receivable
            
            
            1,517
            
            
            
            -Advance
            
            
            21,274
            
            
            
            -Prepaid
                expenses
            
            
            38,375
            
            
            
            8,395Total
                current assets
            
            
            69,436
            
            
            
            105,230Property
                and equipment, net
            
            
            21,742
            
            
            
            13,676Other
                Assets, net
            
            
            1,000
            
            
            
            8,101Total
                assets
            
            $
            92,178
            
            
            $
            127,007LIABILITIES
                AND STOCKHOLDERS' DEFICITCurrent
                Liabilities:Short-term
                notes payable
            
            $
            2,484
            
            
            $
            58,634Subordinated
                convertible notes payable
            
            
            23,000
            
            
            
            23,000Notes
                Payable-Due on demand
            
            
            79,537
            
            
            
            -Accounts
                payable
            
            
            119,880
            
            
            
            77,985Accrued
                expenses:Payroll
                and payroll taxes
            
            
            22,447
            
            
            
            11,226Refunds
                payable
            
            
            -
            
            
            
            82,000Interest
            
            
            22,939
            
            
            
            20,783Other
                liability
            
            
            24,136
            
            
            
            -Total
                current liabilities
            
            
            294,423
            
            
            
            273,628Long-term
                debt:Long-term
                debt, less current portion
            
            
            -
            
            
            
            -Total
                liabilities
            
            
            294,423
            
            
            
            273,628Stockholders'
                deficit:Common
                stock, no par or stated value; 100,000,000 shares authorized: 80,767,011
                and 64,051,737 shares issued and outstanding at September 30, 2007
                and
                December 31, 2006, respectively
            
            
            6,358,908
            
            
            
            5,216,155Subscription
                received
            
            
            20,000
            
            
            
            -Accumulated
                deficit
            
            
            (6,581,153
            )
            
            
            (5,362,776
            )Stockholders'
                deficit
            
            
            (202,245
            )
            
            
            (146,621
            )Total
                liabilities and stockholders’ deficit
            
            $
            92,178
            
            
            $
            127,007




This
        balance sheet is taken from the 2006 10kab/a figures see Item 5. Other
        Information in ths filing


The
        accompanying notes are an integral part of these financial
        statements.





3
 *Index*




SUBJEX
        CORPORATION
 STATEMENTS
        OF OPERATIONS
 (Unaudited)
  Three
                  Months Ended Sept 30,
              
              
              Nine
                  Months Ended Sept 30,Restated2007
              
              
              2006
              
              
              2007
              
              
              2006Revenues
              
              $
              2,160
              
              
              $
              5,121
              
              
              $
              83,280
              
              
              $
              25,618Expenses:Selling,
                  general and administrative
              
              
              629,034
              
              
              
              74,632
              
              
              
              1,297,641
              
              
              
              272,784Total
                  operating expense
              
              
              629,034
              
              
              
              74,632
              
              
              
              1,297,641
              
              
              
              272,784Operating
                  loss
              
              
              (626,874
              )
              
              
              (69,511
              )
              
              
              (1,214,361
              )
              
              
              (247,166
              )Other
                  income (expense)Interest
                  expense
              
              
              (1,063
              )
              
              
              (719
              )
              
              
              (4,016
              )
              
              
              (2,996
              )Net
                  loss
              
              $
              (627,937
              )
              
              $
              (70,230
              )
              
              $
              (1,218,377
              )
              
              $
              (250,162
              )Net
                  loss per basic and diluted common share outstanding - basic and
                  diluted
              
              $
              (0.008
              )
              
              $
              (0.001
              )
              
              $
              (0.001
              )
              
              $
              (0.003
              )Weighted
                  average common shares outstanding- basic and diluted
              
              
              80,767,011
              
              
              
              49,905,648
              
              
              
              80,767,011
              
              
              
              49,905,648
 82,000
          subtracted from revenue 2006 see 10ksb/a  as this amount was
          determined to never be revenue see Item 5. Other Information in this
          filing
  82,000
          added to loss 2006 see 10ksb/a as this amount was determined to never be
          revenue therefore making the loss greater see Item 5. Other Information
          in this
          filing
 The
        accompanying notes are an integral part of these financial
        statements





4
 *Index*


SUBJEX
        CORPORATION
 STATEMENTS
        OF CASH FLOWS
 (Unaudited)




Nine
                Months Ended Sept 30,Restated2006
            
            
            2006Cash
                flow from operating activities:Net
                loss
            
            $
            (1,218,377
            )
            
            $
            (250,162
            )Adjustments
                to reconcile net loss tonet
                cash flows used in operating activities:Depreciation
                and amortization
            
            
            8,312
            
            
            
            5,929Amortization
                prepaid expense
            
            
            45,020
            
            
            
            19,688Non
                cash stock compensation expenses
            
            
            732,003
            
            
            
            -Changes
                in operating assets and liabilities:Accounts
                receivable
            
            
            (1,517
            )
            
            
            150Prepaid
                expenses
            
            
            (75,000
            )
            
            
            (5,000
            )Accounts
                payable
            
            
            41,895
            
            
            
            (10,032
            )Refunds
                payable
            
            
            (82,000
            )
            
            
            82,000Payroll
                and payroll taxes
            
            
            11,220
            
            
            
            (57,400
            )Accrued
                interest
            
            
            2,156
            
            
            
            2,156Other
                accrued expenses
            
            
            26,249
            
            
            
            6,483Net
                cash used in operating activities
            
            
            (510,039
            )
            
            
            (206,188
            )Cash
                flow from investing activities:Purchase
                of property and equipment
            
            
            (11,887
            )
            
            
            (1,447
            )Net
                cash used in investing activities
            
            
            (11,887
            )
            
            
            (1,447
            )Cash
                flow from financing activities:Proceeds
                from issuance of capital stock
            
            
            410,750
            
            
            
            177,500Proceeds
                from stock subscriptions
            
            
            20,000
            
            
            
            17,500Proceeds
                from subordinated convertible note
            
            
            -
            
            
            
            120,000Principal
                payments on long-term debt
            
            
            -
            
            
            
            (2,484
            )Net
                cash provided by financing activities
            
            
            430,750
            
            
            
            312,516Increase
                (decrease) in cash
            
            
            (91,176
            )
            
            
            104,881Cash
                at beginning of period
            
            
            96,835
            
            
            
            2,215Cash
                at end of period
            
            $
            5,659
            
            
            $
            107,096Supplemental
                cash flow information:Cash
                paid for interest
            
            $
            -
            
            
            $
            -Cash
                paid for income taxes
            
            $
            -
            
            
            $
            -




82,000
        added to loss 2006 see 10ksb/as this amount was determined to never be revenue
        therefore making the loss greater see Item 5. Other Information in this
        filing
  82,000
          was refunded in first qtr 2007 see 10ksb/a as this amount was determined
          to
          never be revenue see Item 5. Other Information in this filing


The
        accompanying notes are an integral part of these financial
        statements.




5
 *Index*




Notes
      to
the FinancialStatements (unaudited)




Note
      1.  Basis of Presentation





The
      accompanying unaudited condensed financial statements of Subjex Corporation
      (the
      Company) have been prepared in accordance with generally accepted accounting
      principles for interim financial information and with the instructions to Item
      310(b) of Regulation S-B. Accordingly, they do not include all of the
      information and footnotes required by accounting principles generally accepted
      in the United States of America for complete financial statements. All
      adjustments which, in the opinion of management, are considered necessary for
      a
      fair presentation of the results of operations for the periods shown are of
      a
      normal recurring nature and have been reflected in the unaudited condensed
      financial statements. There are no additional material subsequent events or
      material contingencies that require disclosure. The results of operations for
      the periods presented are not necessarily indicative of the results expected
      for
      the full fiscal year or for any future period. The information included in
      these
      unaudited condensed financial statements should be read in conjunction with
      Management’s Discussion and Analysis  contained in this reportand
      with the financial statements and accompanying notes included in the Annual
      Report on Form 10-KSB/a for the year ended December 31, 2006.




Note
      2.
      Acquisition of Assets




None




Note
      3.  Going Concern





Historically
      the financial performance and operational data for the Company’s “FMS” product
      generates an average of 12% per quarter. Based upon the current level of funds
      mirroring the FMS program, FMS needs to generate 10% in the 4th quarter to
      continue as a going concern and to operate without the intention or threat
      of
      liquidation. It is management’s assertion based upon the operational performance
      of FMS that the Company can in fact survive on revenues on a going forward
      basis
      if FMS current performance continues to maintain its quarterly operational
      average. In doing so the Company will be able to realize assets and discharge
      liabilities in the normal course of operations.





This
      basis of accounting contemplates the realization of assets and the satisfaction
      of its liabilities and commitments in the normal course of operations. Since
      inception, the Company has incurred losses of $6,581,152 and has a working
      capital deficit of $202,245 as of September 30, 2007.  Second
      quarter FMS results generated 3.786% for the quarter and based upon the
      level of funds mirroring the FMS program this was not enough gain to cover
      expenses. Third quarter revenues were not enough to cover expenses.
      However the company expects to generate FMS percentage gains going forward
      more
      in line with its historical gains which would make the company profitable for
      the next quarter. No assurance however can be given that this performance
      will continue, despite management’s confidence that it will
      continue.  FMS operation contains certain risks and
      consideration.





In
      the
      last quarter of 2006 and the first quarter of 2007 the Company substantially
      paid down most of its outstanding debt, leaving only necessary operational
      expenses of approximately $25,000 per month.


6
 *Index*


The
      Company keeps idle cash on hand when available in its own FMS implementation
      with Rydex. The Company therefore receives 100% of the proceeds on this
      implementation, as opposed to receiving only 25% of the gains from its client’s
      implementations of FMS. Management plans to sell equity securities or obtain
      debt financing to fund its ongoing operations where revenue is not sufficient.
      In addition the Company does plan on considering these options for further
      funding its own FMS implementation due to the increased net profit
      available.




Note
      4.  Payroll and Payroll Taxes





The
      Company is working with the IRS to determine a resolution for final payment
      of
      approximately $15,000 for 2005, and 2006 payroll taxes outstanding.





Note
      5.
      Stockholders’ Deficit





During
      the third quarter ending September 30, 2007, the Company issued 10,932,600
      shares of common stock. Of these shares issued 10,032,600 were issued for
      compensation. Beard Creek Inc. received 10,000,000 as per the contract which
      is
      attached as Exhibit 1. The remaining 32,600 were issued for consultants and
      incentives. The remaining 900,000 shares were issued for operational
      cash.





**ITEM
      2.  Management’s Discussion and
      Analysis**





CAUTIONARY
      STATEMENT FOR PURPOSES OF THE "SAFE HARBOR" PROVISIONS OF THE PRIVATE SECURITIES
      LITIGATION REFORM ACT OF 1995





Statements
      in this discussion which are not historical facts may be considered "forward
      looking statements" within the meaning of Section 21E of the Securities Act
      of
      1934, as amended. The words "believe", "expect", "anticipate", "estimate",
      and
      similar expressions identify forward looking statements. Any forward looking
      statement involves risks and uncertainties that could cause actual events or
      results to differ, perhaps materially, from the events described in the forward
      looking statements. Readers are cautioned not to place undue reliance on these
      forward looking statements. The Company undertakes no obligation to publicly
      update or revise any forward looking statement, whether as a result of new
      information, future events or otherwise. The risks associated with the Company's
      forward looking statements include, but are not limited to, risks associated
      with the Company's history of losses and uncertain profitability, sales and
      marketing strategies, competition, general economic conditions, reliance on
      key
      management and production people, current and future capital needs, dilution,
      effects of outstanding notes and convertible debentures, limited public market
      for the Company’s capital stock, low stock price, and lack of
      liquidity.





The
      following discussion and analysis should be read in conjunction with the
      Financial Statements, related notes and other information included in this
      report.





Description
      of Business





Overview





Subjex
      Corporation, a Minnesota corporation formed in 1999, is an innovative developer
      and marketing company of artificial intelligence software products for the
      capital markets and e-commerce. The Company flagship product, FMS (“Forecast
      Market Software”) is a software product that attempts to forecast the DJIA, the
      XAU, the DJT, NASDAQ and the US Dollar Index so that subscribers, when "plugged
      into" the software, can find capital appreciation with a third party investment
      account. The forecasting engines' objective is to provide accurate next day
      forecasts, long or short, allowing clients to take market neutral profits via
      short term trades. FMS is not a mutual fund or a brokerage service; it is
      software that clients subscribe to and use for their own trading activity in
      their own trading account. FMS is based upon a proprietary artificial
      intelligence forecasting algorithm invented by Andrew D. Hyder prior to the
      existence of the Company. The Company licensed the core technology from Mr.
      Hyder in an exclusive agreement, with the goal to bring value to the Company
      client base while providing revenue and profit growth for the investor
      base.





7
 *Index*




Trademarks
      and Patents





The
      Company holds trademarks and patent protection that management feels are
      relevant to protect the company interests.





Environmental
      Compliance





The
      Company believes it is in compliance with all current federal and state
      environmental laws.





Employees





The
      Company had three full-time employees on September 30, 2007.  The
      Company's employees are not represented by any labor unions.  The
      Company considers its relations with its employees and advisors to be very
      good.





Competition





The
      Company is aware of other companies selling solutions that appear to be similar
      to Subjex; however management is not aware of any companies that are selling
      the
      same solution as we have designed.





Recent
      Developments




In
      October 2006 the Company announced the software product called SubjexFMS that
      it
      had been testing since Feb 2006. SubjexFMS has proven to be successful in terms
      of meeting its objectives for its clients. The Company has contracted with
      individual investors and clients to use SubjexFMS and to introduce the FMS
      software to other prospective customers. While the performance of SubjexFMS
      has
      been exceptional in terms of percentage return for clients during the first
      two
      quarters, the third quarter ended with a slight draw down of -0.669%. New client
      growth has been slow due to marketing financial constraints. These constraints
      are due to management's unwillingness to dilute the Company with the sale of
      stock for large operational costs. Instead, management has elected to grow
      the
      business model with revenues.






The
      Company continues to seek legitimate strategic partners for its other software
      products such as SubjexCSR.






**Item
      3– Controls and Procedures**




**Evaluation
        of Disclosure Controls and Procedures**




8
 *Index*




Based
      on
      their most recent review, as of the end of the period covered by this report,
      the Company’s principal executive officer has concluded that the Company’s
      disclosure controls and procedures are effective to ensure that information
      required to be disclosed by the Company in the reports that it files or submits
      under the Securities Exchange Act of 1934, as amended, is accumulated and
      communicated to the Company’s management as appropriate to allow timely
      decisions regarding required disclosure and are effective to ensure that such
      information is recorded, processed, summarized and reported within the time
      periods specified in the SEC’s rules and forms. There were no significant
      changes in the Company’s internal controls or in other factors that could
      significantly affect those controls subsequent to the date of their
      evaluation.





**Limitations
      on the Effectiveness of Controls**





Our
      management does not expect that our disclosure controls and internal controls
      will prevent all error and all fraud.  A control system, no matter how
      well conceived and operated, can provide only reasonable, not absolute,
      assurance that the objectives of the control system are met.  Further,
      the design of a control system must reflect the fact that there are resource
      constraints, and the benefits of controls must be considered relative to their
      costs.  Because of the inherent limitations in all control systems, no
      evaluation of controls can provide absolute assurance that all control issues
      and instances of fraud, if any, within the Company have been
      detected.  These inherent limitations include the realities that
      judgments in decision-making can be faulty, and that breakdowns can occur
      because of simple error or mistake.  Additionally, controls can be
      circumvented by the individual acts of some persons, by collusion of two or
      more
      people, or by management or board override of the control.  The design
      of any system of controls also is based in part upon certain assumptions about
      the likelihood of future events, and there can be no assurance that any design
      will succeed in achieving its stated goals under all potential future
      conditions; over time, control may become inadequate because of changes in
      conditions, or the degree of compliance with the policies or procedures may
      deteriorate.  Because of the inherent limitations in a cost-effective
      control system, misstatements due to error or fraud may occur and not be
      detected.





**PART
      II – OTHER INFORMATION**




**Item
      1. - Legal Proceedings**




The
      Company continues to fund with the sale of equity - its litigation of its legal
      proceedings in defense and against Far Superior and Wayne Warrington and Howard
      Walsh.




**Item
      2 - Changes in Securities and Use of Proceeds**




None.




**Item
      3 - Defaults on Senior Securities**




None.




**Item
      4 - Submission of Matters to a Vote of Security Holders**




It
      is
      acknowledged that any sale or substantial restructuring of the Company will
      require a stockholders vote. No matters were submitted to the vote of the
      Company’s stockholders in this quarter.




9
 *Index*




**Item
      5 - Other Information**




During
      the past several month discussions and correspondence with the SEC has ensued
      over the issue of the sales made by Far Superior.  As stated in part
      in our August 27th correspondence
      to the SEC,




1.
      While
      the Far Superior agreement was canceled in 2006 - that did not affect the sales
      made by Far Superior from a contractual perspective. The failure of the Far
      Superior agreement did not undue the sales made by Far Superior because Far
      Superior was selling (in part) existing Subjex Corporation products. Therefore
      the Far Superior agreement and the sales made by them were completely different
      transactions and the company was still under obligation to make good on these
      sales in 2006.




2.
      In
      2007 it was realized that the company was unable to complete these sales
      therefore it made refund offers to these clients which were
      accepted.  These refunds were not part of any agreement with Far
      Superior nor were they part of the original sales agreements.




It
      has
      been the position of the SEC that it is inappropriate to call these amounts
      totaling $82,000 revenue because they were never earned and had to be
      refunded.  Therefore the 10KSB was amended to show this and the
      adjustments were made in the 4th quarter
      of
      2006.




In
      this
      filing to get an accurate comparison of 2006 and 2007 Statement of Operations
      and Cash Flows the adjustments have been made to the financial
      statements and restated with notes describing these changes. They are $75,000
      in
      the first quarter of 2006 and $7,000 in the second quarter of 2006 making a
      total of $82,000 in adjustments.




**Item
      6 – Exhibits and reports on form 8-K**





On
      July 1, 2007 an event occurred which was not made in the ordinary course of
      Subjex Corporation business thus prompting an 8k filing with the SEC.
      .





**Item
      4.01 Changes in Registrant’s Certifying Accountant**





On
      July
      1, 2007 a material event occurred which was not made in the ordinary course
      of
      Subjex Corporation business thus prompting an 8k filing with the SEC. It was
      announced that Ronald N. Silberstein, CPA, PLLC. 30201 Orchard Lake Road, Suite
      150, Farmington Hills, Michigan 48334


has
      merged with Maddox Ungar, PPL forming a new accounting firm. The name of the
      newly formed firm is Maddox Ungar Silberstein, PLLCas a result becoming
      Subjex Corporation’s new independent auditor and certifying
      accountant.





An
      amended 8-KA was filed on July 6, 2007 to include the additional following
      information:





Securities
      and Exchange Commission


450
      Fifth
      St., N.W.


Washington,
      DC 20549





RE:
      Subjex Corp.





Ladies
      and Gentlemen:





We
      have
      read the statements made by Subjex Corp. in Item 4.01 of the accompanying Form
      8-K filed with the Securities and Exchange Commission.  We agree with
      the statements contained herein concerning our firm.





Very
                Truly Yours,/s/
                Ronald N. Silberstein, C.P.A., P.L.L.C.Ronald
                N. Silberstein, C.P.A., P.L.L.C.Farmington
                Hills, Michigan




10
 *Index*




On
      July 9, 2007 an event occurred which was not made in the ordinary course of
      Subjex Corporation business thus prompting an 8k filing with the
      SEC.




**Item
      8.01 Other Events**




On
      July
      9th, 2007 the Company signed in exclusive licensing agreement with Beard Creek
      Inc. a private Nevada Corporation for the licensing of software algorithms
      upon
      which the SubjexFMS software product has been tested and built around. 
Beard Creek, (“BC”) is owned by Andrew D Hyder. BC is the owner of, or has
      acquired the rights to, software, algorithms, documentation and intellectual
      property rights of certain inventions by Andrew Dean Hyder called Forecast
      Market Software, (“FMS”) along with a Money Management System (“MMS”) invented
      by Mr. Hyder prior to the founding and formation of SBJX and or BC. This
      Software and intellectual property is identified as algorithms, systems and
      methodologies which enable the forecasting of markets and or securities. This
      software and intellectual property identified as a money management system
      for
      hedging, cost averaging and minimizing loss and maximizing gains in situations
      in the markets and in situations of chance; all of which will herein
      collectively be called the “Software”.




In
      early
      2006, BC in good faith allowed SBJX to examine the Software for possible use
      as
      a SBJX product. In August 2006 BC allowed SBJX to perform a non-obligatory
      voluntary test of the “Software” systems, to determine if a business model could
      be built around the “Software” and to determine its fitness for use and market
      acceptance. BC was not compensated for this test in lieu of a setup fee upon
      acceptance of the licensing agreement by SBJX. Because of the overwhelming
      success of the tests made by SBJX with the “Software” both parties have now
      entered into a long term exclusive licensing agreement.




The
      intent of the agreement is for BC to exclusively license the “Software” to SBJX
      for a 10 year term which will auto-renew every 10 years.  Included for the
      benefit of the Subjex Corporation shareholders is a strict termination clause
      in
      the agreement which limits termination to unique events such as the removal
      of
      the board of directors, Subjex management or any hostel take over that should
      befall Subjex Corporation.




A
      Summary
      of the Consideration of the Agreement:




(1)
      BC
      shall receive a One-Hundred Thousand dollar ($100,000.00) one time set up and
      delivery fee from SBJX upon execution of this agreement or at some future date
      as directed by BC. (2) BC shall receive 10% of all revenues generated as a
      result of SBJX usage of the “Software” paid on a quarterly basis. (3) BC shall
      receive ten million (10,000,000) shares of common stock of SBJX payable upon
      execution of this agreement or at some future date as directed by BC.  (4)
      BC shall receive one free SubjexFMS account for the personal use of Mr. Hyder.
      (5) If this Agreement is terminated by Subjex Corporation as outlined in the
      agreement and the “Software” is sold or in any way re-licensed by BC to another
      party, SBJX will be entitled to 10% of the transaction value.





On
      July 26, 2007 an event occurred which was not made in the ordinary course of
      Subjex Corporation business thus prompting an 8k filing with the
      SEC


**A.
      Report.**




**Item
      8.01 Other Events**





The
      Company received verification of the SubjexFMS system performance results for
      the three month and six months period ending June 30, 2007 in accordance with
      Global Investment Performance Standards (“GIPS”) for the purpose of determining
      whether any material modifications should be made to our trading activity gain
      calculations in order for it to conform to GIPS.  The letter of audit
      confirmation is included in this 8-K report.





11
 *Index*




Mr.
      Andrew Hyder, CEO


Subjex
      Corporation


3245
      Hennepin Ave. South, Suite 1


Minneapolis,
      MN 55408





Dear
      Mr.
      Hyder:





This
      is
      to confirm that Subjex Corporation’s trading activity for the three months and
      six months periods ended June 30, 2007 in accordance with Global Investment
      Performance Standards (“GIPS”) has been verified by this firm and that we hereby
      consent to the Company’s use in its materials of a statement that says “Subjex
      Corporation has been verified by an independent reviewer for the three months
      and six months periods ended June 30, 2007.”




Sincerely,/s/
                Maddox Ungar Silberstein, PLLCMaddox
                Ungar Silberstein, PLLC





Exhibit
      1.




**SOFTWARE
      LICENSE AGREEMENT**




**THIS
      SOFTWARE AND INTELLECTUAL PROPERTY LICENSE AGREEMENT ("Agreement") is made
      and
      entered into this 1st day of July, 2007 (the "Effective Date") by and between
      Beard Creek Inc. ("BC"), and Subjex Corporation (“SBJX” or “Subjex”) a public
      corporation.**





**RECITALS**


**A**.
      **Whereas**, BC is the owner of, or has acquired the rights to, the
      Software, algorithms, documentation and intellectual property rights of certain
      inventions  by Andrew Dean Hyder called Forecast Market Software,
      (“FMS”) along with a Money Management System (“MMS”) invented by Mr. Hyder prior
      to the founding and formation of SBJX and or BC. This Software and intellectual
      property is identified as algorithms, systems and methodologies which enable
      the
      Forecasting of markets and or securities and games of chance. This software
      and
      intellectual property identified as a money management system for hedging,
      cost
      averaging and minimizing loss and maximizing gains in situations in the markets
      and in situations of chance; all of which will herein collectively be called
      the
“Software”.





**B**.
      **Whereas**, in early 2006, BC in good faith allowed SBJX to
      examine the Software for possible use as a SBJX product. In August 2006 BC
      allowed SBJX to perform a non-obligatory voluntary test of the Software systems,
      to determine if a business model could be built around the Software and to
      determine its fitness for use and market acceptance. BC was not compensated
      for
      this test in lieu of a setup fee upon acceptance of the licensing agreement
      by
      SBJX. This agreement acknowledges that both SBJX and BC feel a successful test
      has been completed and both parties now desire to grant and enter into a license
      agreement together. Therefore SBJX wishes to license from BC in an exclusive
      license agreement the use of the Software, and all good will associated with
      said Software, solely in accordance with the terms and on the conditions set
      forth in this Agreement.





**C**.
      **Whereas**, The intent of this agreement is for BC to exclusively
      license the Software to SBJX for a 10 year term which will auto renew every
      10
      years.  Because of the Fee consideration paid by SBJX for this
      exclusive license from BC, BC agrees to the following:  If this
      Agreement is terminated as outlined in Section 12 and the Software is sold
      or in
      any way re-licensed by BC to another party, SBJX will be entitled to 10% of
      the
      transaction value.





**NOW,
      THEREFORE**, the parties hereto agree as follows:




12
 *Index*




**1.
      DEFINITIONS.**


1.1
      "Designated Equipment" shall mean the hardware products identified on Exhibit
      "A" with which the Software is licensed for use.


1.2
      "Documentation" shall mean all manuals, user documentation, employee notes
      and
      other related materials pertaining to the Software which are furnished to or
      created by SBJX in connection with the Software.


1.3
      "License Fee" shall mean what SBJX pays to BC as consideration for the exclusive
      rights to operate the Software and what SBJX pays BC for ongoing performance
      based usage fees.


1.4
      "Software" shall mean the computer programs in machine readable object code
      form
      or any other form usable by SBJX and any subsequent updates upgrades and or
      corrections supplied to SBJX by BC or created by SBJX during its testing and
      or
      usage and licensing of the Software. These definitions may be amended from
      time
      to time by the parties’ mutual acceptance in writing.


1.5
      Setup
      FEE. (describe). Expensed or capitalized and depreciated.





**2.
      GRANT OF RIGHTS.**


The
      License granted for Software under this Agreement authorizes SBJX on an
      exclusive basis to use the Software on the number of primary systems of
      Designated Equipment identified and or directed or limited by BC. The Software
      shall be used only on such systems if they are operating properly and protected
      appropriately from duplication or observation from individuals not approved
      by
      BC. All developers’ employees and operators of the Software must be pre-approved
      by BC. If any primary system is down, the Software may be used on a backup
      system for that primary system.





**3.
      DELIVERY.**


3.1
      Software. It is acknowledged that BC has already delivered to SBJX a master
      copy
      of the Software licensed hereunder in object code form, suitable for
      usage.


3.2
      Documentation. BC shall deliver copies of Documentation if any to SBJX in paper
      and electronic forms.





**4.
      MODIFICATIONS.**


4.1
      Error
      Corrections and Updates. BC will provide SBJX with error corrections, bug fixes,
      patches or other updates to the Software licensed hereunder in object code
      form
      to the extent available in accordance with BC's release schedule for a period
      equal to the duration of this agreement. BC grants SBJX the right to modify
      enhance upgrade and improve the Software as desired with the understanding
      that
      all changes to the Software will be owned by BC regardless of who develops
      the
      upgrades or modifications.


4.2
      Other
      Modifications. SBJX may, from time to time, request that BC incorporate certain
      features, enhancements or modifications into the Software. BC may, in its sole
      discretion, undertake to incorporate such changes and distribute the Software
      so
      modified to approved SBJX employees.


4.3
      Title
      to Modifications. All such error corrections, bug fixes, patches, updates or
      other modifications regardless of who shall make such corrections shall be
      the
      sole property of BC.





**5.
      COPIES**.


5.1
      Printed Matter. Except as specifically set forth herein or directed by BC in
      writing, no Software or Documentation which is provided by or owned by BC
      pursuant to this Agreement in human readable form, such as written or printed
      documents, shall be copied in whole or in part by SBJX without BC's prior
      written agreement. Additional copies of printed materials may be obtained from
      BC at the charges then in effect.


5.2
      Machine Readable Matter. Except as specifically set forth herein, any Software
      provided in any format including machine readable form may not be copied by
      SBJX
      in whole or in part, except for SBJX's backup or archive purposes. SBJX agrees
      to maintain appropriate records of the number and location of all copies of
      the
      Software and make such records available upon BC's request. SBJX further agrees
      to reproduce all copyright and other proprietary notices on all copies of the
      Software in the same form and manner that such copyright and other proprietary
      notices are originally included on the Software.





13
 *Index*




**6.
      LICENSE FEES AND PAYMENT**.


6.1
      License Fee. In consideration of the license rights granted in Article 2 above,
      SBJX shall pay an exclusive License Fee or other consideration for the Software
      and Documentation. All amounts payable hereunder by SBJX shall be payable in
      SBJX common stock or payable in United States funds without deductions for
      taxes, assessments, fees, or charges of any kind. Checks shall be made payable
      to Beard Creek Inc. and shall be forwarded to the Office at BC or as directed
      by
      BC. If BC shall forego payment for the benefit of SBJX cash flow, this will
      not
      negate or mean payment is not due and payable. All Fees paid to BC by SBJX
      are
      non refundable due to the fact that SBJX has had over 1 year to try the software
      with out charge.


6.2
      Taxes
      and Other Charges. SBJX shall be responsible for paying all (i) sales, use,
      excise, value-added, or other tax or governmental charges imposed on the
      licensing or use of the Software or Documentation hereunder, (ii) freight,
      insurance and installation charges, and (iii) import or export duties or like
      charges.




**7.
      PROTECTION OF SOFTWARE.**


7.1
      Proprietary Notices. SBJX agrees to respect and not to remove, obliterate,
      or
      cancel from view any copyright, trademark, confidentiality or other proprietary
      notice, mark, or legend appearing on any of the Software or output generated
      by
      the Software, and to reproduce and include same on each copy of the Software.
      Further SBJX agrees preserve all confidentiality of how the software operates,
      and will not revel how the software operates to anyone not pre-approved in
      writing by BC.


7.2
      No
      Reverse Engineering. SBJX agrees not to modify, reverse engineer, disassemble,
      or decompile the Software, or any portion thereof without the strict and clear
      understanding that all modifications and improvements made on the initial
      Software will be owned by BC.


7.3
      Ownership. SBJX further acknowledges that all copies of the Software in any
      form
      provided by BC or made by SBJX are the sole property of BC. SBJX shall not
      have
      any right, title, or interest to any such Software or copies thereof except
      as
      provided in this Agreement, and further shall secure and protect all Software
      and Documentation consistent with maintenance of BC's proprietary rights
      therein. BC represents its belief that it is the owner of the entire right,
      title, and interest in and to Software, and that it has the sole right to grant
      licenses thereunder, and that it has not knowingly granted licenses thereunder
      to any other entity that would restrict rights granted hereunder except as
      stated herein.





**8.
      CONFIDENTIALITY.**


8.1
      Acknowledgement. SBJX hereby acknowledges and agrees that the Software and
      Documentation constitute and contain valuable proprietary products and trade
      secrets of BC and/and its creator, embodying substantial creative efforts and
      confidential information, ideas, and expressions. Accordingly, SBJX agrees
      to
      treat (and take precautions to ensure that its employees treat) the Software
      and
      Documentation as confidential in accordance with the confidentiality
      requirements and conditions set forth below.


8.2
      Maintenance of Confidential Information. Each party agrees to keep confidential
      all confidential information disclosed to it by the other party in accordance
      herewith, and to protect the confidentiality thereof in the same manner it
      protects the confidentiality of similar information and data of its own (at
      all
      times exercising at least a reasonable degree of care in the protection of
      confidential information); provided, however, that neither party shall have
      any
      such obligation with respect to use of disclosure to others not parties to
      this
      Agreement of such confidential information as can be established to: (a) have
      been known publicly; (b) have been known generally in the industry before
      communication by the disclosing party to the recipient; (c) have become know
      publicly, without fault on the part of the recipient, subsequent to disclosure
      by the disclosing party; (d) have been known otherwise by the recipient before
      communication by the disclosing party.


8.3
      Injunctive Relief. SBJX acknowledges that the unauthorized use, transfer or
      disclosure of the Software and Documentation or copies thereof will (i)
      substantially diminish the value to BC of the trade secrets and other
      proprietary interests that are the subject of this Agreement; (ii) render BC's
      remedy at law for such unauthorized use, disclosure or transfer inadequate;
      and
      (iii) cause irreparable injury in a short period of time. If SBJX breaches
      any
      of its obligations with respect to the use or confidentiality of the Software
      or
      Documentation, BC shall be entitled to equitable relief to protect its interests
      therein, including, but not limited to, preliminary and permanent injunctive
      relief. All of BC’s injunctive relief expenses will be paid for by
      SBJX.


8.4
      Survival. SBJX's obligations under this Article 8 will survive the termination
      of this Agreement or of any license granted under this Agreement for whatever
      reason.





14
 *Index*




**9.
      WARRANTIES; SUPERIOR RIGHTS**.


9.1
      Limited Warranty. BC represents and warrants to SBJX that the Software, when
      properly installed by SBJX and used with the Designated Equipment, will perform
      substantially as described in BC's then current Documentation for such Software
      for a period of ninety (90) days from the date of shipment.


9.2
      Limitations. Notwithstanding the warranty provisions set forth in Section 9.1
      above, all of BC's obligations with respect to such warranties shall be
      contingent on SBJX's use of the Software in accordance with this Agreement
      and
      in accordance with BC's instructions as provided by BC in the Documentation,
      as
      such instructions may be amended, supplemented, or modified by BC from time
      to
      time. BC shall have no warranty obligations with respect to any failures of
      the
      Software which are the result of accident, abuse, misapplication, extreme power
      surge or extreme market volatility


9.3
      SBJX's Sole Remedy. BC's entire liability and SBJX's exclusive remedy shall
      be,
      at BC's option, either (a) return of the price paid or (b) repair or replacement
      of the Software upon its return to BC; provided BC receives written notice
      from
      SBJX during the warranty period of a breach of warranty. Any replacement
      Software will be warranted for the remainder of the original warranty period
      or
      thirty (30) days, whichever is longer.


9.4
      Disclaimer of Warranties. BC DOES NOT REPRESENT OR WARRANT THAT ALL ERRORS
      IN
      THE SOFTWARE AND DOCUMENTATION WILL BE CORRECTED. THE WARRANTIES STATED IN
      SECTION 9.1 ABOVE ARE THE SOLE AND THE EXCLUSIVE WARRANTIES OFFERED BY BC.
      THERE
      ARE NO OTHER WARRANTIES RESPECTING THE SOFTWARE AND DOCUMENTATION OR SERVICES
      PROVIDED HEREUNDER, EITHER EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO
      ANY
      WARRANTY OF DESIGN, MERCHANTABILITY, OR FITNESS FOR A PARTICULAR PURPOSE, EVEN
      IF BC HAS BEEN INFORMED OF SUCH PURPOSE. NO AGENT OF BC IS AUTHORIZED TO ALTER
      OR EXCEED THE WARRANTY OBLIGATIONS OF BC AS SET FORTH HEREIN.


9.5
      Limitation of Liability. SBJX ACKNOWLEDGES AND AGREES THAT THE CONSIDERATION
      WHICH BC IS CHARGING HEREUNDER DOES NOT INCLUDE ANY CONSIDERATION FOR ASSUMPTION
      BY BC OF THE RISK OF SBJX'S CONSEQUENTIAL OR INCIDENTAL DAMAGES WHICH MAY ARISE
      IN CONNECTION WITH SBJX'S USE OF THE SOFTWARE AND DOCUMENTATION. ACCORDINGLY,
      SBJX AGREES THAT BC SHALL NOT BE RESPONSIBLE TO SBJX FOR ANY LOSS-OF-PROFIT,
      INDIRECT, INCIDENTAL, SPECIAL, OR CONSEQUENTIAL DAMAGES ARISING OUT OF THE
      LICENSING OR USE OF THE SOFTWARE OR DOCUMENTATION. Any provision herein to
      the
      contrary notwithstanding, the maximum liability of BC to any person, firm or
      corporation whatsoever arising out of or in the connection with any license,
      use
      or other employment of any Software delivered to SBJX hereunder, whether such
      liability arises from any claim based on breach or repudiation of contract,
      warranty, tort or otherwise, shall in no case exceed the actual price paid
      to BC
      by SBJX for the Software whose license, use, or other employment gives rise
      to
      the liability. The essential purpose of this provision is to limit the potential
      liability of BC arisingout of this Agreement.
      The
      parties acknowledge that the limitations set forth in this Article 9 are
      integral to the amount of consideration levied in connection with the license
      of
      the Software and Documentation and any services rendered hereunder and that,
      were BC to assume any further liability other than as set forth herein, such
      consideration would of necessity be set substantially higher.




15
 *Index*




**10.
      INDEMNIFICATION**


10.1
      BC
      shall indemnify, hold harmless and defend SBJX against any action brought
      against SBJX to the extent that such action is based on a claim that the
      unmodified Software, when used in accordance with this Agreement, infringes
      a
      United States copyright and BC shall pay all costs, settlements and damages
      finally awarded; provided, that SBJX promptly notifies Institution in writing
      of
      any claim, gives BC sole control of the defense and settlement thereof and
      provides all reasonable assistance in connection therewith. If any Software
      is
      finally adjudged to so infringe, or in BC's opinion is likely to become the
      subject of such a claim, BC shall, at its option, either: (i) procure for SBJX
      the right to continue using the Software (ii) modify or replace the Software
      to
      make it non-infringing, or (iii) refund the fee paid, less reasonable
      depreciation and operation costs, upon return of the Software. BC shall have
      no
      liability regarding any claim arising out of: (w) use of other than a current,
      unaltered release of the Software unless the infringing portion is also in
      the
      then current, unaltered release, (x) use of the Software in combination with
      non-BC software, data or equipment if the infringement was caused by such use
      or
      combination, (y) any modification or derivation of the Software not specifically
      authorized in writing by BC or (z) use of third party software. THE FOREGOING
      STATES THE ENTIRE LIABILITY OF BC AND THE EXCLUSIVE REMEDY FOR SBJX RELATING
      TO
      INFRINGEMENT OR CLAIMS OF INFRINGEMENT OF ANY COPYRIGHT OR OTHER PROPRIETARY
      RIGHT BY THE SOFTWARE.


10.2
      Except for the foregoing infringement claims, SBJX shall indemnify and hold
      harmless, BC, their Regents, officers, agents and employees from and against
      any
      claims, demands, or causes of action whatsoever, including without limitation
      those arising on account of SBJX's modification or enhancement of the Software
      or otherwise caused by, or arising out of, or resulting from, the exercise
      or
      practice of the license granted hereunder by SBJX, its finders,  if
      any, its subsidiaries or their officers, employees, agents or
      representatives.





**11.
      INSURANCE**.


11.1
      SBJX
      shall carry and maintain paid up policies for adequate products liability
      insurance if required to do so by law.





**12.
      DEFAULT AND TERMINATION.**


12.1
      Events of Default. This Agreement may be terminated by BC if any of the
      following events of default occur: (1) if SBJX materially fails to perform
      or
      comply with this Agreement or any provision hereof; (2) if SBJX fails to
      strictly comply with the provisions of Section 9 (Confidentiality) or makes
      an
      assignment in violation of Section 13 (Non-assignability); (3) if SBJX becomes
      insolvent or admits in writing its inability to pay its debts as they mature,
      or
      makes an assignment for the benefit of creditors; (4) if a petition under any
      foreign, state, or United States bankruptcy act, receivership statute, or the
      like, as they now exist, or as they may be amended, is filed by SBJX; or (5)
      if
      such a petition is filed by any third party, or an application for a receiver
      is
      made by anyone and such petition or application is not resolved favorably within
      ninety (90) days. (6) If SBJX undergoes changes in its board of directors or
      management in a manner that is unacceptable to BC then BC has the right to
      terminate this agreement.  (7) If any law suit is filed against SBJX
      in regard to the Software and or its usage.


12.2
      Effective Date of Termination. Termination due to a material breach of Articles
      2 (Grant of Rights), 5 (Copies), 7 (Protection of Software), or 8
      (Confidentiality) shall be effective on notice. In all other cases, termination
      shall be effective thirty (30) days after notice of termination to the
      defaulting party if the defaults have not been cured within such thirty (30)
      day
      period. Termination may be withdrawn at any time with in the notice
      period.


12.3
      Obligations on Termination. Within ten (10) days after termination of this
      Agreement, SBJX shall cease and desist all use of the Software and Documentation
      and shall return to BC all full or partial copies of the Software and
      Documentation in SBJX's possession or under its control.


12.4
      Any
      Termination event of Section 12.1 which occurs at BC’s discretion may be ignored
      or overlooked with out this effecting BC’s ability to Terminate at a later date
      for the same offence.





**13.
        NOTICES.**


All
      notices, authorizations, and requests in connection with this Agreement shall
      be
      deemed given (i) five days after being deposited in the U.S. mail, postage
      prepaid, certified or registered, return receipt requested; or (ii) one day
      after being sent by overnight courier, charges prepaid, with a confirming fax;
      and addressed as first set forth above or to such other address as the party
      to
      receive the notice or request so designates by written notice to the
      other.




16
 *Index*


**14.
      NONASSIGNABILITY.**


SBJX
      shall not assign this Agreement or its rights hereunder without the prior
      written consent of BC.





**15.
      GOVERNING LAW; JURISDICTION AND VENUE.**


The
      validity, interpretation, construction and performance of this Agreement shall
      be governed by the laws of the State of Minnesota. The Minnesota state courts
      of
      Hennepin County, Minnesota (or, if there is exclusive federal jurisdiction,
      the
      United States District Court for the District of Minnesota) shall have exclusive
      jurisdiction and venue over any dispute arising out of this Agreement, and
      parties hereby consent to the jurisdiction of such courts.





**17.
      SEVERABILITY.**


If
      any
      provision of this Agreement shall be held by a court of competent jurisdiction
      to be illegal, invalid or unenforceable, the remaining provisions shall remain
      in full force and effect.





**18.
      MISCELLANEOUS.**


This
      Agreement and its exhibits contain the entire understanding and agreement
      between the parties respecting the subject matter hereof. This Agreement may
      not
      be supplemented, modified, amended, released or discharged except by an
      instrument in writing signed by each party's duly authorized representative.
      All
      captions and headings in this Agreement are for purposes of convenience only
      and
      shall not affect the construction or interpretation of any of its provisions.
      Any waiver by either party of any default or breach hereunder shall not
      constitute a waiver of any provision of this Agreement or of any subsequent
      default or breach of the same or a different kind.





**IN
      WITNESS WHEREOF**, the parties have caused their duly authorized
      representatives to execute this Agreement as of the date first set forth
      above.





End
      of
      exhibit.





**SIGNATURES**





Pursuant
      to the requirements of Section 13 or 15(d) of the Securities and Exchange Act
      of
      1934, the Issuer has duly caused this report to be signed on its behalf by
      the
      undersigned officers and/or Directors, there unto duly authorized.





**Subjex
                Corporation**Date: 
                November 12, 2007**NAME**
            **TITLE**/s/ Andrew D. Hyder
            President
                and Chief Executive Officer,








Exhibit
                IndexExhibit
                31.1
            Certificate
                pursuant to Section 302 of the Sarbanes-Oxley Act of
                2002Exhibit
                32.1
            Certificate
                pursuant to Section 906 of the Sarbanes-Oxley Act of
                2002






17