----

|                 |                                                                                         |   |
|----------------------|----------------------------------------------------------------------------------------------|--------|
| (Mark      One)      |                                                                                         |   |
| [X]                  | ANNUAL      REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE      ACT OF 1934     |   |
|                 |                                                                                         |   |
|                 | FOR      THE FISCAL YEAR ENDED MARCH 31, 2010                                                |   |
|                 |                                                                                         |   |
|                 | OR                                                                                           |   |
|                 |                                                                                         |   |
| [        ] | TRANSITION      REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE      ACT OF 1934 |   |
|                 |                                                                                         |   |
|                 | For      the transition period from _______________ to    _______________                    |   |

| ST.      LAWRENCE SEAWAY CORPORATION                                    |
|-------------------------------------------------------------------------|
| (Exact name of small business      issuer as specified in its charter)  |
|                                                                    |   |   |
| Delaware                                                                |   | 26-0818050 |
| (State or other      jurisdictionof incorporation or      organization) |   | (I.R.S. Employer Identification      No.) |

|   | 200      Connecticut Avenue, Norwalk, Connecticut 06854                                                                               |   |
|--------|---------------------------------------------------------------------------------------------------------------------------------------|--------|
|   | (Address of principal executive      offices)             (Zip Code) |   |
|   |                                                                                                                                  |   |
|   | (203)      853-8700                                                                                                                   |   |
|   | (Registrant’s telephone number,      including area code)                                                                       |   |

| Securities      registered under Section 12(b) of the Exchange Act: |
|---------------------------------------------------------------------|
|                                                                |   |   |
| Title      of each class                                            |   | Name      of each exchange on which registered |
| None                                                                |   | None |
|                                                                |   |   |
| Securities      registered under Section 12(g) of the Exchange Act: |
|                                                                |   |   |
|                                                                | Common      Stock |   |
|                                                                | par value $0.01 per      share |

----

----

----

|                                                                                                                                               |         | PAGE   |
|----------------------------------------------------------------------------------------------------------------------------------------------------|--------------|--------|
| Forward      Looking Statements                                                                                                               |    |   |
|                                                                                                                                               |         |   |
| PART I                                                                                                                                             |    |   |
|                                                                                                                                               |         |   |
| Item 1      – Description of Business                                                                                                   |    | 1-2    |
|                                                                                                                                               |         |   |
| Item 2      – Description of Property                                                                                                   |    | 3      |
|                                                                                                                                               |         |   |
| Item 3      – Legal Proceedings                                                                                                         |    | 3      |
|                                                                                                                                               |         |   |
| Item 4      – Submission of Matters to a Vote of Security Holders                                                                       |    | 3      |
|                                                                                                                                               |         |   |
| PART II                                                                                                                                            |    |   |
|                                                                                                                                               |         |   |
| Item 5      – Market for Common Equity, Related Stockholder Matters and Small Business      Issuer Purchases of Equity Securities       |    | 4      |
|                                                                                                                                               |         |
| Item 6      – Management’s Discussion and Analysis or Plan ofOperation                                                            |    | 4-6    |
|                                                                                                                                               |         |   |
| Item 7      – Financial Statements – Years ended March 31, 2010 and    2009                                                       |    | 6      |
|                                                                                                                                               |         |   |
| Item 8      – Changes in and Disagreements with Accountants on Accounting and      Financial Disclosure                                 |    | 6-7    |
|                                                                                                                                               |         |   |
| Item 8A      – Controls and Procedures                                                                                                  |    | 7      |
|                                                                                                                                               |         |   |
| Item 8B      – Other Information                                                                                                        |    | 7      |
|                                                                                                                                               |         |   |
| PART III                                                                                                                                           |    |   |
|                                                                                                                                               |         |   |
| Item 9      – Directors, Executive Officers, Promoters and Control Persons; Compliance      with Section 16(a) of the Exchange Act |    | 7-8    |
|                                                                                                                                               |         |
| Item 10      – Executive Compensation                                                                                                   |    | 9      |
|                                                                                                                                               |         |   |
| Item 11      – Security Ownership of Certain Beneficial Owners and Management and      Related Stockholder Matters                      |    | 9-11   |
|                                                                                                                                               |         |
| Item 12      – Certain Relationships and Related Transactions                                                                           |    | 11     |
|                                                                                                                                               |         |   |
| Item 13      – Exhibits                                                                                                                 |    | 12     |
|                                                                                                                                               |         |
| Item 14      – Principal Accountant Fees and Services                                                                                   |    | 13     |
|                                                                                                                                               |         |   |
| SIGNATURES                                                                                                                                         |    | 26     |

----

| ·   | general      economic and business conditions; |
|--------------------|------------------------------------------------|

| ·   | the      Company’s ability to find a candidate for, enter into an agreement with      respect to, and consummate, a merger, reverse merger, acquisition or      business combination or other financial transaction that is acceptable,      both as to a candidate and as to transaction terms and      conditions; |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | competition      for transactions of the nature the Company is  seeking; |
|--------------------|--------------------------------------------------------------------------|

| ·   | potential      future regulatory restrictions that could limit or pose restrictions on,      or make less advantageous to potential candidates, transactions of the      nature the Company is seeking; and |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | The      availability of additional financing on satisfactory terms if a delay is      encountered in consummating a transaction that the Company is      seeking. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 1. | The      approval of a proposal to amend and restate, in its entirety, the      Company’s by-laws. |
|----|----------------------------------------------------------------------------------------------------------|

| 2. | The      approval of a proposal to reincorporate the Company in Delaware from      Indiana. |
|----|---------------------------------------------------------------------------------------------|

| 3. | The      approval of a proposal to amend and restate in its entirety the Company’s      Restated Articles of Incorporation, as amended, to, among other      things: |
|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (a)   | approve      the increase in the number of authorized shares of the Company from      4,000,000 shares, all of which are Common Stock, to 50,010,000 shares,      consisting of 48,500,000 shares of Common Stock, 510,000 shares of a      “tracking stock” known as Class A Common Stock and 1,000,000 shares of      preferred stock, and to decrease the par value of the Common Stock from      One Dollar ($1.00) to One Cent($0.01); |
|-----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b)   | approve      the authorization of 1,000,000 shares of a blank check preferred class of      stock, par value $0.01; and |
|-----------------|-------------------------------------------------------------------------------------------------------------------------|

| (c)   | approve      the authorization of a non-transferable, non-tradeable, non-voting and      non-certificated “tracking stock” class of securities known as the Class A      Common Stock; |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4. | The      issuance of the “tracking stock” know as the Class A Common Stock to the      Record Holders in connection with, and upon consummation of the      transaction described above, which closed after the distribution of the      Class A Common Stock to existing shareholders, and, as such, the Investor      received no “tracking stock”. |
|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

----

| Fiscal Year      EndedMarch      31, |         | Quarter |         | High        |         | Low         |
|--------------------------------------|--------------|---------|--------------|-------------|--------------|-------------|
|                                 |         |    |         |        |         |        |
| 2010                                 |         | First   |         | $      0.82 |         | $      0.65 |
|                                 |         |    |         |        |         |        |
|                                 |         | Second  |         | $      1.05 |         | $      0.60 |
|                                 |         |    |         |        |         |        |
|                                 |         | Third   |         | $      1.02 |         | $      1.00 |
|                                 |         |    |         |        |         |        |
|                                 |         | Fourth  |         | $      1.02 |         | $      0.66 |
|                                 |         |    |         |        |         |        |
| 2009                                 |    | First   |    | $      1.45 |    | $      0.98 |
|                                 |         |    |         |        |         |        |
|                                 |    | Second  |    | $      1.20 |    | $      0.98 |
|                                 |         |    |         |        |         |        |
|                                 |    | Third   |    | $      0.90 |    | $      0.75 |
|                                 |         |    |         |        |         |        |
|                                 |    | Fourth  |    | $      1.05 |    | $      0.75 |

----

----

----

|  NAME                     |   |  AGE |   |  POSITION                                             |
|--------------------------------|--------|-----------|--------|------------------------------------------------------------|
|                           |   |      |   |                                                       |
|  Bernard      Zimmerman   |   |  77  |   |  Chairman of      the Board, Chief Executive Officer, |
|                           |   |      |   |  President,      and Principal Financial Officer      |
|  Duane L.      Berlin     |   |  51  |   |  Secretary and      Director                          |
|  Ronald A.      Zlatniski |   |  46  |   |  Director                                             |
|  Edward B.      Grier III |   |  52  |   |  Director                                             |

----

----

----

| Name      and Address ofBeneficial      Owner     |   | Amount      of Beneficial Ownership |   |   | Percent      of Class |   |   | Options      and Warrants Exercisable Within 60 Days |   |   | Total  |   |   | Percent      of Class - Total |   |
|---------------------------------------------------|--------|-------------------------------------|--------|--------|-----------------------|--------|--------|------------------------------------------------------|--------|--------|--------|--------|--------|-------------------------------|--------|
|                                              |   |                                |   |   |                  |   |   |                                                 |   |   |   |   |   |                          |   |
| Joel      M. Greenblatt                           |   |                                | 81,251 |   |                  |   | 15.7   | %                                                    |   |   | -      |   |   |                          | 81,251 |   |   |   | 15.7 | % |
| 100      Jericho QuadrangleJericho,      NY 11753 |   |                                |   |   |                  |   |   |                                                 |   |   |   |   |   |                          |   |   |   |   |   |   |
|                                              |   |                                |   |   |                  |   |   |                                                 |   |   |   |   |   |                          |   |   |   |   |   |   |
| Walter      P. Carucci                            |   |                                | 32,433 | (4)    |                  |   | 6.3    | %                                                    |   |   | -      |   |   |                          | 32,433 |   |   |   | 6.3 | % |
| Carr      Securities Corp.                        |   |                                |   |   |                  |   |   |                                                 |   |   |   |   |   |                          |   |   |   |   |   |   |
| c/o      Carr Securities Corp.                    |   |                                |   |   |                  |   |   |                                                 |   |   |   |   |   |                          |   |   |   |   |   |   |
| 14      Vanderventer Avenue                       |   |                                |   |   |                  |   |   |                                                 |   |   |   |   |   |                          |   |   |   |   |   |   |
| Port      Washington, NY 11050                    |   |                                |   |   |                  |   |   |                                                 |   |   |   |   |   |                          |   |   |   |   |   |   |

| Name      and Address ofBeneficial      Owner                                                                              |   | Amount      of Beneficial Ownership |   |   | Percent      of Class |   |   | Options      and Warrants Exercisable Within 60 Days |   |   | Total   |         |   | Percent      of Class – Total |    |
|----------------------------------------------------------------------------------------------------------------------------|--------|-------------------------------------|--------|--------|-----------------------|--------|--------|------------------------------------------------------|--------|--------|---------|--------------|--------|-------------------------------------|---------|
|                                                                                                                       |   |                                |   |   |                  |   |   |                                                 |   |   |    |         |   |                                |    |
| Executive      Officers and Directors                                                                                      |   |                                |   |   |                  |   |   |                                                 |   |   |    |         |   |                                |    |
|                                                                                                                       |   |                                |   |   |                  |   |   |                                                 |   |   |    |         |   |                                |    |
| Bernard      Zimmerman                                                                                                     |   |                                | 75,000 | (2)    |                  |   | 14.5   | %                                                    |   |   | 250,000 | (1)      (2) |   |                                | 325,000 |   |   |   | 42.3 | % |
| Chairman      of the Board, President                                                                                      |   |                                |   |   |                  |   |   |                                                 |   |   |    |         |   |                                |    |   |   |   |   |   |
| and      Chief Financial Officer                                                                                           |   |                                |   |   |                  |   |   |                                                 |   |   |    |         |   |                                |    |   |   |   |   |   |
| 18      High Meadow RoadWeston,      CT 06883                                                                              |   |                                |   |   |                  |   |   |                                                 |   |   |    |         |   |                                |    |   |   |   |   |   |
|                                                                                                                       |   |                                |   |   |                  |   |   |                                                 |   |   |    |         |   |                                |    |   |   |   |   |   |
| Duane      L. BerlinSecretary200      Connecticut AvenueNorwalk,      CT 06854                                             |   |                                | -      |   |                  |   | -      |                                                 |   |   | -       |         |   |                                | -       |   |   |   | - |   |
|                                                                                                                       |   |                                |   |   |                  |   |   |                                                 |   |   |    |         |   |                                |    |   |   |   |   |   |
| Edward      B. Grier, IIIGracie      Capital Investment Partners590      Madison Avenue, 28th FloorNew      York, NY 10022 |   |                                | -      |   |                  |   | -      |                                                 |   |   | -       |         |   |                                | -       |   |   |   | - |   |
|                                                                                                                       |   |                                |   |   |                  |   |   |                                                 |   |   |    |         |   |                                |    |   |   |   |   |   |
| Ronald      A. Zlatniski                                                                                                   |   |                                | 12,000 | (3)    |                  |   | 2.3    | %                                                    |   |   | -       |         |   |                                | 12,000  |   |   |   | 2.3 | % |
| 4206      Cypress Grove LaneGreensboro,      NC  27455                                                           |   |                                |   |   |                  |   |   |                                                 |   |   |    |         |   |                                |    |   |   |   |   |   |
|                                                                                                                       |   |                                |   |   |                  |   |   |                                                 |   |   |    |         |   |                                |    |   |   |   |   |   |
| All      directors and executive officers as a group (four persons)                                                        |   |                                | 87,000 |   |                  |   | 16.8   | %                                                    |   |   | 250,000 |         |   |                                | 337,000 |   |   |   | 43.8 | % |
|                                                                                                                       |   |                                |   |   |                  |   |   |                                                 |   |   |    |         |   |                                |    |   |   |   |   |   |

----

| Plan      Category                                              | Number      of securities to be issued upon exercise of outstanding options, warrants      and rights |   | Weighted-average      exercise price of outstanding options, warrants and rights |   | Number      of securities remaining available for future issuance under equity      compensation plans (excluding securities referenced in column      (a) |
|-----------------------------------------------------------------|-------------------------------------------------------------------------------------------------------|--------|----------------------------------------------------------------------------------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                            | (a)                                                                                                   |   | (b)                                                                              |   | (c)                                                                                                                                                        |
|                                                            |                                                                                                  |   |                                                                             |   |                                                                                                                                                       |
| Equity      compensation plans approved by security holders     | None                                                                                                  |   | None                                                                             |   | None                                                                                                                                                       |
|                                                            |                                                                                                  |   |                                                                             |   |                                                                                                                                                       |
| Equity      compensation plans not approved by security holders | None                                                                                                  |   | None                                                                             |   | None                                                                                                                                                       |
|                                                            |                                                                                                  |   |                                                                             |   |                                                                                                                                                       |
|                                                            |                                                                                                  |   |                                                                             |   |                                                                                                                                                       |

----

31.1

32.1

----

|                     |   | 2009   |   |   | 2008   |   |
|--------------------------|--------|--------|--------|--------|--------|--------|
|                     |   |   |   |   |   |   |   |   |
| Audit      Fees:         |   | $      | 3,000  |   |   | $      | 3,000 |   |
|                     |   |   |   |   |   |   |   |   |
| Audit-Related      Fees: |   | $      | -      |   |   | $      | - |   |
|                     |   |   |   |   |   |   |   |   |
| Tax      Fees:           |   | $      | 1,000  |   |   | $      | 1,000 |   |
|                     |   |   |   |   |   |   |   |   |
| All      Other Fees:     |   | $      | -      |   |   | $      | - |   |

----

----

| ASSETS                                                                                                                                                                         |          | March      31,2010                                      |   |   | March      31,2009 |       |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------|---------------------------------------------------------|--------|--------|--------------------|------------|
| Current      assets:                                                                                                                                                           |          |                                                    |   |   |               |       |   |
|                                                                                                                                                                           |          |                                                    |   |   |               |       |   |
| Cash      and cash equivalents                                                                                                                                                 |  $       |             53,370        |   |   | $                  | 83,916     |   |
|                                                                                                                                                                           |          |                                                    |   |   |               |       |   |
| Total      current assets                                                                                                                                                      |          |       53,370              |   |   | $                  | 83,916     |   |
|                                                                                                                                                                           |          |                                                    |   |   |               |       |   |
|                                                                                                                                                                           |          |                                                    |   |   |               |       |   |
| LIABILITIES AND SHAREHOLDERS’      EQUITY                                                                                                                                |          |                                                    |   |   |               |       |   |
|                                                                                                                                                                           |          |                                                    |   |   |               |       |   |
| Current      liabilities:                                                                                                                                                      |          |                                                    |   |   |               |       |   |
|                                                                                                                                                                           |          |                                                    |   |   |               |       |   |
| Accounts      payable and accrued expenses                                                                                                                                     | $             |          7,000                           |   |   | $                  | 6,000      |   |
|                                                                                                                                                                           |          |                                                    |   |   |               |       |   |
| Total      current liabilities                                                                                                                                                 |          |        7,000         |   |   |               | 6,000      |   |
|                                                                                                                                                                           |          |                                                    |   |   |               |       |   |
| Commitments      and contingencies                                                                                                                                             |          |                                                    |   |   |               |       |   |
|                                                                                                                                                                           |          |                                                    |   |   |               |       |   |
| Shareholders’      equity:                                                                                                                                               |          |                                                    |   |   |               |       |   |
|                                                                                                                                                                           |          |                                                    |   |   |               |       |   |
| Preferred      Stock, par value $0.01, 1,000,000 shares authorized, none issued and      outstanding.                                                                          |          | -                                                       |   |   |               | -          |   |
|                                                                                                                                                                           |          |                                                    |   |   |               |       |   |
| Common      stock, par value $0.01 per share; 48,500,000 authorized; 518,736      shares at 3/31/10 and 3/31/09 issued and outstanding                                    |          |         5,188   |   |   |               | 5,188      |   |
|                                                                                                                                                                           |          |                                                    |   |   |               |       |   |
| Common      stock, Class A (tracking) par value $0.01 per share; 510,000      authorized; -0- shares at 3/31/10 and 443,736 shares at 3/31/09 issued and      outstanding |          |          - |   |   |               | 4,437      |   |
|                                                                                                                                                                           |          |                                                    |   |   |               |       |   |
| Additional      paid-in capital                                                                                                                                                |          |        1,390,492                                   |   |   |               | 1,481,365  |   |
|                                                                                                                                                                           |          |                                                    |   |   |               |       |   |
| Retained      deficits                                                                                                                                                         |          | (      1,349,310)                                       |   |   |               | (1,413,074 | ) |
|                                                                                                                                                                           |          |                                                    |   |   |               |       |   |
| Total      shareholders’ equity                                                                                                                                          |          |        46,370        |   |   | $                  | 77,916     |   |
|                                                                                                                                                                           |          |                                                    |   |   |               |       |   |
| Total      liabilities and shareholders’ equity                                                                                                                          | $   |    53,370                                |   |   | $                  | 83,916     |   |

----

|                                                                                                                             |    | FOR      THE YEARS ENDED MARCH 31, |                                                                                                             |
|----------------------------------------------------------------------------------------------------------------------------------|--------------|---------------------------------------------------|------------------------------------------------------------------------------------------------------------------|
|                                                                                                                             |         |                                              |                                                                                                             |
|                                                                                                                             |    | 2010                                              |                                                                                                             |   | 2009 |   |
| Revenues:                                                                                                                        |    |                                              |                                                                                                             |   |   |   |   |   |
|                                                                                                                             |         |                                              |                                                                                                             |   |   |   |   |   |
| Sale      of Medical Investment                                                                                                  |         | $                                                 | 100,000                                                                                                          |   |   |   | - |   |
|                                                                                                                             |         |                                              |                                                                                                             |   |   |   |   |   |
| Interest      and dividends                                                                                                      |    |                                              | 886                                                                                                              |   |   | $ | 2,199 |   |
|                                                                                                                             |         |                                              |                                                                                                             |   |   |   |   |   |
| Total      revenues                                                                                                              |    |                                              | 100,886                                                                                                          |   |   |   | 2,199 |   |
|                                                                                                                             |         |                                              |                                                                                                             |   |   |   |   |   |
| Operating      costs and expenses:                                                                                               |    |                                              |                                                                                                             |   |   |   |   |   |
|                                                                                                                             |         |                                              |                                                                                                             |   |   |   |   |   |
| General      and administrative                                                                                                  |    |                                              | 37,122                                                                                                           |   |   |   | 32,900 |   |
|                                                                                                                             |         |                                              |                                                                                                             |   |   |   |   |   |
| Total      operating expenses                                                                                                    |    |                                              | 37,122                                                                                                           |   |   |   | 32,900 |   |
|                                                                                                                             |         |                                              |                                                                                                             |   |   |   |   |   |
| Income      (Loss) before tax provision                                                                                          |    |                                              | 63,764                                                                                                           |   |   |   | (30,701) |   |
|                                                                                                                             |         |                                              |                                                                                                             |   |   |   |   |   |
| Provision      for income taxes/(tax benefit)                                                                                    |    |                                              | -                                                                                                                |   |   |   | - |   |
|                                                                                                                             |         |                                              |                                                                                                             |   |   |   |   |   |
| Net      Income (Loss)                                                                                                           |    | $                                                 | 63,764                                                                                                           |   |   | $ | (30,701) |   |
|                                                                                                                             |         |                                              |                                                                                                             |   |   |   |   |   |
| Per      Share Data:                                                                                                             |    |                                              |                                                                                                             |   |   |   |   |   |
|                                                                                                                             |         |                                              |                                                                                                             |   |   |   |   |   |
| Weighted      average number of common shares outstanding         basic      and diluted |    |                                              |            518,736                                        |   |   |   | 518,736 |   |
|                                                                                                                             |         |                                              |                                                                                                             |   |   |   |   |   |
| Earnings      per share:                                                                                                         |    |                                              |                                                                                                             |   |   |   |   |   |
|  Basic      and diluted Income (Loss) per share                                                                             |    | $                                                 |                   0.12 |   |   | $ | (0.06 | ) |

----

|                                                                                |   |         |       |   |                          |    |    |               |   |   |              |   |   |                |      | Total  |   |
|-------------------------------------------------------------------------------------|--------|--------------|------------|--------|-------------------------------|---------|---------|--------------------|--------|--------|-------------------|--------|--------|---------------------|-----------|-------------|--------|
|                                                                                |   | Class      A |       |   |  Common Stock  |    |    | Paid-In       |   |   | Accumulated  |   |   | Stockholders’ |      |
|                                                                                |   | Shares       |       |   |  Shares             |    |    |  Amount  |   |   | Capital           |   |   | Deficit             |      |        | Equity |   |
|                                                                                |   |         |       |   |                          |    |    |               |   |   |              |   |   |                |      |        |   |   |   |   |   |   |   |
| Balance      March 31, 2007 (audited)                                               |   |         |       |   |                          | 427,069 |    |               | $      | 4,271  |              |   | $      | 866,718             |      |        | $      | (755,493 | ) |   | $ | 115,496 |   |
|                                                                                |   |         |       |   |                          |    |    |               |   |   |              |   |   |                |      |        |   |   |   |   |   |   |   |
| Issuance      of Class A Shares                                                     |   |         | 443,736    |   |                          |    |    |               |   | $      | 4,437             |   |   | $                   | (4,437    | )           |   |   |   |   |   |   | - |   |
|                                                                                |   |         |       |   |                          |    |    |               |   |   |              |   |   |                |      |        |   |   |   |   |   |   |   |   |
| Sale      of Warrants                                                               |   |         |       |   |                          |    | -       |               |   |   | -                 |   |   | $                   | 2,500     |        |   |   |   |   |   | $ | 2,500 |   |
|                                                                                |   |         |       |   |                          |    |    |               |   |   |              |   |   |                |      |        |   |   |   |   |   |   |   |   |
| Sale      of Common Shares                                                          |   |         |       |   |                          |    | 75,000  |               |   | $      | 750               |   |   | $                   | 74,250    |        |   |   |   |   |   | $ | 75,000 |   |
|                                                                                |   |         |       |   |                          |    |    |               |   |   |              |   |   |                |      |        |   |   |   |   |   |   |   |   |
| Exercise      of Warrants                                                           |   |         |       |   |                          |    | 16,667  |               |   | $      | 167               |   |   | $                   | 49,834    |        |   |   |   |   |   | $ | 50,001 |   |
|                                                                                |   |         |       |   |                          |    |    |               |   |   |              |   |   |                |      |        |   |   |   |   |   |   |   |   |
| Fair      Value of Warrant Issuance                                                 |   |         |       |   |                          |    |    |               |   |   |              |   |   | $                   | 492,500   |        |   |   |   |   |   | $ | 492,500 |   |
|                                                                                |   |         |       |   |                          |    |    |               |   |   |              |   |   |                |      |        |   |   |   |   |   |   |   |   |
| Net      (Loss) for the year ended March 31, 2008 (audited)                         |   |         |       |   |                          |    |    |               |   |   |              |   |   |                |      |        |   | $ | (626,880 | ) |   | $ | (626,880 | ) |
|                                                                                |   |         |       |   |                          |    |    |               |   |   |              |   |   |                |      |        |   |   |   |   |   |   |   |   |
| Balance March      31, 2008 (audited)                                          |   |         | 443,736    |   |                          |    | 518,736 |               |   | $      | 9,625             |   |   | $                   | 1,481,365 |        |   | $ | (1,382,373 | ) |   | $ | 108,617 |   |
|                                                                                |   |         |       |   |                          |    |    |               |   |   |              |   |   |                |      |        |   |   |   |   |   |   |   |   |
| Net      (Loss) for the year ended March 31, 2009 (audited)                         |   |         |       |   |                          |    |    |               |   |   |              |   |   |                |      |        |   | $ | (30,701 | ) |   | $ | (30,701 | ) |
|                                                                                |   |         |       |   |                          |    |    |               |   |   |              |   |   |                |      |        |   |   |   |   |   |   |   |   |
| Balance March      31, 2009 (audited)                                     |   |         | 443,736    |   |                          |    | 518,736 |               |   | $      | 9,625             |   |   | $                   | 1,481,365 |        |   | $ | (1,413,074 | ) |   | $ | 77,916 |   |
|                                                                                |   |         |       |   |                          |    |    |               |   |   |              |   |   |                |      |        |   |   |   |   |   |   |   |   |
| Net      Income for the year ended  - March 31, 2010      (audited)       |   |         |       |   |                          |    |    |               |   |   |              |   |   |                |      |        |   | $ | 63,764 |   |   | $ | 63,764 |   |
|                                                                                |   |         |       |   |                          |    |    |               |   |   |              |   |   |                |      |        |   |   |   |   |   |   |   |   |
| Redemption      of Class “A” Tracking Stock  (443,776 shares) |   |         | (443,736   | )      |                          |    | -       |               |   | $      | (4,437            | )      |   | $                   | (90,873   | )           |   |   | - |   |   | $ | (95,310 | ) |
|                                                                                |   |         |       |   |                          |    |    |               |   |   |              |   |   |                |      |        |   |   |   |   |   |   |   |   |
| Balance March      31, 2010 (audited)                                          |   |         | - 0      - |   |                          |    | 518,736 |               |   | $      | 5,188             |   |   | $                   | 1,390,492 |        |   | $ | (1,349,310 | ) |   | $ | 46,370 |   |

----

|                                                                              |   |  For      the Years Ended |    |
|-----------------------------------------------------------------------------------|--------|--------------------------------|---------|
|                                                                              |   |                           |    |
|                                                                              |   | March      31, 2010            |    |   | March      31, 2009 |   |
| Cash      flows from operating activities                                         |   |                           |    |   |   |   |
|                                                                              |   |                           |    |   |   |   |
| Net      Income (Loss)                                                            |   | $                              | 63,764  |   |   | $ | (30,701 | ) |
|                                                                              |   |                           |    |   |   |   |   |   |
| Adjustments      to reconcile net loss to net cash from operatingactivities       |   |                           |    |   |   |   |   |   |
|                                                                              |   |                           |    |   |   |   |   |   |
|                                                                              |   |                           |    |   |   |   |   |   |
| (Increase)      Decrease in current assets:                                       |   |                           | -       |   |   |   | - |   |
|                                                                              |   |                           |    |   |   |   |   |   |
|                                                                              |   |                           |    |   |   |   |   |   |
| (Decrease)      Increase in current liabilities:                                  |   |                           |    |   |   |   |   |   |
|                                                                              |   |                           |    |   |   |   |   |   |
| Accounts      payable                                                             |   |                           | 1,000   |   |   |   | (2,000 | ) |
|                                                                              |   |                           |    |   |   |   |   |   |
| Net      cash provided by (used in) operating activities                          |   |                           | 64,764  |   |   |   | (32,701 | ) |
|                                                                              |   |                           |    |   |   |   |   |   |
|                                                                              |   |                           |    |   |   |   |   |   |
| Cash      flows from investing activities:                                        |   |                           | -       |   |   |   | - |   |
|                                                                              |   |                           |    |   |   |   |   |   |
|        Net      cash from investing activities |   |                           | -       |   |   |   | - |   |
|                                                                              |   |                           |    |   |   |   |   |   |
|                                                                              |   |                           |    |   |   |   |   |   |
| Cash      flows from financing activities                                         |   |                           |    |   |   |   |   |   |
|                                                                              |   |                           |    |   |   |   |   |   |
| Redemption      of Class “A” Tracking Stock (including expenses)      |   |                           | (95,310 | ) |   |   | - |   |
|                                                                              |   |                           |    |   |   |   |   |   |
| Net      cash provided by (used in) financing activities                          |   | $                              | (95,310 | ) |   | $ | - |   |

----

|                                                                                                                                                                                                                                                               |   |   |   |   |   |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------|--------|--------|--------|
| Net      increase (decrease) in cash and cash equivalents                                                                                                                                                                                                          |   |   | 30,546 |   |   |   | (32,701 | ) |
|                                                                                                                                                                                                                                                               |   |   |   |   |   |   |   |   |
| Cash      and cash equivalents, beginning                                                                                                                                                                                                                          |   |   | 83,916 |   |   |   | 116,617 |   |
|                                                                                                                                                                                                                                                               |   |   |   |   |   |   |   |   |
| Cash      and cash equivalents, ending                                                                                                                                                                                                                             |   | $      | 53,370 |   |   | $      | 83,916 |   |
|                                                                                                                                                                                                                                                               |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                               |   |   |   |   |   |   |   |   |
| Supplemental      disclosures of cash flow information:                                                                                                                                                                                                            |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                               |   |   |   |   |   |   |   |   |
|  Cash      paid for income taxes                                                                                                                                                                                                                              |   | $      | -      |   |   | $      | - |   |
|                                                                                                                                                                                                                                                               |   |   |   |   |   |   |   |   |
|  Cash      paid for interest expense                                                                                                                                                                                                                          |   | $      | -      |   |   | $      | - |   |
|                                                                                                                                                                                                                                                               |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                               |   |   |   |   |   |   |   |   |
| Supplemental      disclosures of non-cash investing and financing    activities:                                                                                                                                                                                   |   |   |   |   |   |   |   |   |
|                                                                                                                                                                                                                                                               |   |   |   |   |   |   |   |   |
| The      Company issued 443,736 shares of Class A Common Stock tracking stock in      accordance with the Purchase Agreement (see Notes 3 and 4) in a non-cash      transaction and redeemed such shares in the fiscal year ended March 31,      2010 (see Note 4) |   |   |   |   |   |   |   |   |

----

|                                                                                                                                                                 |   | Year      endedMarch      31, |    |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------------|---------|
|                                                                                                                                                                 |   | 2010                          |    |   | 2009 |   |
|                                                                                                                                                                 |   |                          |    |   |   |   |   |   |
| Weighted      average number of shares outstanding –      Common            Basic      and diluted |   |                          | 518,736 |   |   |   | 518,736 |   |
|                                                                                                                                                                 |   |                          |    |   |   |   |   |   |

----

----

----

| 1. | The      approval of a proposal to amend and restate, in its entirety, the      Company’s by-laws. |
|----|----------------------------------------------------------------------------------------------------------|

| 2. | The      approval of a proposal to reincorporate the Company in Delaware from      Indiana. |
|----|---------------------------------------------------------------------------------------------|

| 3. | The      approval of a proposal to amend and restate in its entirety the Company’s      Restated Articles of Incorporation, as amended, to, among other      things: |
|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 4. | The      issuance of the “tracking stock” known as the Class A Common Stock to the      Record Holders in connection with, and upon consummation of the      transaction described above, which closed after the distribution of the      Class A Common Stock to existing shareholders, and, as such, the Investor      received no “tracking stock”. |
|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|  Balance March      31, 2005 (as restated)    |   | $      | 680,000  |   |
|---------------------------------------------------------|--------|--------|----------|--------|
|  Add: Follow-on      investment, November 16, 2005 |   | $      | 50,000   |   |
|  Subtotal                                          |   | $      | 730,000  |   |
|  Less:                                             |   |   |     |   |
|  Impairment      loss                              |   | $      | (630,000 | )      |
|  Equity in Loss      of T3 Therapeutics            |   | $      | (16,600  | )      |
|  Balance, March      31, 2007                      |   | $      | 83,400   |   |
|  Write off at      September 30, 2007              |   | $      | (83,400  | )      |
|                                                    |   |   |     |   |
|  Balance at      March 31, 2009 and 2008           |   | $      | -0-      |   |

----

|  Risk free      rate         |  4.54%       |
|-----------------------------------|-------------------|
|                              |              |
|  Warrant      term           |  10    years |
|                              |              |
|  Expected      dividend rate |  none        |
|                              |              |
|  Expected      volatility    |  150%        |

|                            |   | March      31, |     |
|---------------------------------|--------|----------------|----------|
|                            |   | 2010           |     |   | 2009 |   |
|                            |   |           |     |   |   |   |
|  Net Operating      Losses |   | $              | 560,000  |   |   | $ | 970,000 |   |
|                            |   |           |     |   |   |   |   |   |
|  Valuation      Allowance  |   |           | (560,000 | ) |   |   | (970,000 | ) |
|                            |   |           | -        |   |   |   | - |   |

----

|   | ST.      LAWRENCE SEAWAY CORPORATION |
|--------|--------------------------------------|
|   |                                 |   |
|   |                                 |   |
|   | By:                                  |  |
|   |                                 | Bernard      Zimmerman |
|   |                                 | Chairman      of the Board, President, Chief      Executive Officer andChief      Financial Officer |
|   |                                 |   |
|   | Date:                                | June      14, 2010 |

|                               |   |               |   |                                                                                                 |   |   |   |               |
|------------------------------------|--------|--------------------|--------|------------------------------------------------------------------------------------------------------|--------|--------|--------|--------------------|
| Signatures                         |   |          |   | Title                                                                                                |   |   |   | Date               |
|                               |   |               |   |                                                                                                 |
|                               |   |               |   | President,      Chairman of the Board, Chief      Executive Officer and      Chief Financial Officer |   |   |   | June      14, 2010 |
| Bernard      Zimmerman             |   |               |   |                                                                                                 |   |   |   |               |
|                               |   |               |   |                                                                                                 |
|  /s/      Ronald A. Zlatniski |   |               |   | Director                                                                                             |   |   |   | June      14, 2010 |
| Ronald      A. Zlatniski           |   |               |   |                                                                                                 |   |   |   |               |
|                               |   |               |   |                                                                                                 |   |   |   |               |
| /s/      Duane L. Berlin           |   |               |   | Secretary      and Director                                                                          |   |   |   | June      14, 2010 |
| Duane      L. Berlin               |   |               |   |                                                                                                 |   |   |   |               |
|                               |   |               |   |                                                                                                 |   |   |   |               |
| /s/      Edward B. Grier III       |   |               |   | Director                                                                                             |   |   |   | June      14, 2010 |
| Edward      B. Grier III           |   |               |   |                                                                                                 |   |   |   |               |

----