| x                                                                     | QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
|-----------------------------------------------------------------------|-----------------------------------------------------------------------------------|
|                                                                  |
| For the quarterly period ended March 31, 2010                         |
|                                                                  |
| o                                                                     | TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT                   |
|                                                                  |
| For the transition period from _________________ to _________________ |
|                                                                  |
| Commission file number 814-00776                                      |

| Ametrine Capital, Inc.(Exact name of registrant as specified in its charter)                                                                                                             |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                     |
| Delaware (State or other jurisdiction of incorporation or organization)                                                                                                             | 74-3252949(IRS Employer Identification No.) |
|                                                                                                                                                                                     |
| 340 West Superior Street, Unit 1601, Chicago, Illinois 60610(Address of principal executive offices) (312) 205-9101(Registrant’s telephone number, including area code)  |

| Large accelerated filer o                                                | Accelerated filer o        |
|--------------------------------------------------------------------------|----------------------------|
|  Non-accelerated filer o(Do not check if smaller reporting company) | Smaller reporting companyx |

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|            | Page                                                                                        |
|--------------------------------------------------------------|---------------------------------------------------------------------------------------------|
|                                                         |                                                                                        |
| PART I - FINANCIAL INFORMATION:                              |   3                                                                                    |
|                                                         |                                                                                        |
| Item 1.                                                      | Consolidated Balance Sheets (Unaudited)                                                     | F-1 |
|                                                         |                                                                                        |   |
|                                                         | Consolidated Statements of Operations (Unaudited)                                           |   F-2 |
|                                                         |                                                                                        |   |
|                                                         | Consolidated Statements of Cash Flows (Unaudited)                                           |   F-3 |
|                                                         |                                                                                        |   |
|                                                         | Notes to Consolidated Financial Statements (Unaudited)                                      |   F-4 |
|                                                         |                                                                                        |   |
| Item 2.                                                      | Management’s Discussion and Analysis of Financial Condition and Results of Operations | 4 |
|                                                         |                                                                                        |   |
| Item 3.                                                      | Quantitative and Qualitative Disclosures About Market Risk.                                 |   5 |
|                                                         |                                                                                        |   |
| Item 4T.                                                     | Controls and Procedures                                                                     | 6 |
|                                                         |                                                                                        |   |
| PART II - OTHER INFORMATION:                                 | 7                                                                                           |
|                                                         |                                                                                        |   |
| Item 1.                                                      | Legal Proceedings                                                                           |   7 |
|                                                         |                                                                                        |   |
| Item 1A.                                                     | Risk Factors                                                                                | 7 |
|                                                         |                                                                                        |   |
| Item 2.                                                      | Unregistered Sales of Equity Securities and Use of Proceeds                                 | 7 |
|                                                         |                                                                                        |   |
| Item 3.                                                      | Defaults Upon Senior Securities                                                             |   7 |
|                                                         |                                                                                        |   |
| Item 4.                                                      | Submission of Matters to a Vote of Security Holders                                         |   7 |
|                                                         |                                                                                        |   |
| Item 5.                                                      | Other Information                                                                           |   7 |
|                                                         |                                                                                        |   |
| Item 6.                                                      | Exhibits                                                                                    | 7 |
|                                                         |                                                                                        |   |
| SIGNATURES                                                   | 8                                                                                           |

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|                                                                                                |   | Page      |
|-----------------------------------------------------------------------------------------------------|--------|-----------|
|                                                                                                |   |      |
| Balance Sheets as of March 31, 2010 (unaudited) and December 31, 2009                               |   | F-1       |
|                                                                                                |   |      |
| Statements of Operations (unaudited) for the three months ended March 31, 2010 and 2009.            |   | F-2       |
|                                                                                                |   |      |
| Statements of Changes in Net Assets (unaudited) for the three months ended March 31, 2010 and 2009. |   | F-3       |
|                                                                                                |   |      |
| Statements of Cash Flows (unaudited) for the three months ended March 31, 2010 and 2009.            |   | F-4       |
|                                                                                                |   |      |
| Notes to Financial Statements (unaudited)                                                           |   | F-5 - F-8 |

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|                                                                                                            |   | March 31 |     |   | December 31 |   |
|-----------------------------------------------------------------------------------------------------------------|--------|---------------|----------|--------|-------------|--------|
|                                                                                                            |   | 2010          |     |   | 2009        |   |
| ASSETS                                                                                                          |   |          |     |   |        |   |
| Cash and cash equivalents                                                                                       |   | $             | 16,755   |   |        | $      | 16,755 |   |
|                                                                                                            |   |          |     |   |        |   |   |   |
| Total assets                                                                                                    |   |          | 16,755   |   |        |   | 16,755 |   |
|                                                                                                            |   |          |     |   |        |   |   |   |
|                                                                                                            |   |          |     |   |        |   |   |   |
| LIABILITIES                                                                                                     |   |          |     |   |        |   |   |   |
| Related party                                                                                                   |   |          | 66,472   |   |        |   | 55,472 |   |
|                                                                                                            |   |          |     |   |        |   |   |   |
| Total liabilities                                                                                               |   |          | 66,472   |   |        |   | 55,472 |   |
|                                                                                                            |   |          |     |   |        |   |   |   |
|                                                                                                            |   |          |     |   |        |   |   |   |
| NET ASSETS                                                                                                      |   |          |     |   |        |   |   |   |
| Common stock, par value $.01 per share, 25,000,000 shares authorizedand 2,671,799 shares issued and outstanding |   |          | 26,718   |   |        |   | 26,718 |   |
| Paid-in capital in excess of par                                                                                |   |          | 106,872  |   |        |   | 106,872 |   |
| Undistributed net investment loss                                                                               |   |          | (183,307 | )      |        |   | (172,307 | ) |
|                                                                                                            |   |          |     |   |        |   |   |   |
| Total net assets                                                                                                |   |          | (49,717  | )      |        |   | (38,717 | ) |
|                                                                                                            |   |          |     |   |        |   |   |   |
|                                                                                                            |   |          |     |   |        |   |   |   |
| Total liabilities and net assets                                                                                |   |          | 16,755   |   |        |   | 16,755 |   |
|                                                                                                            |   |          |     |   |        |   |   |   |
|                                                                                                            |   |          |     |   |        |   |   |   |
| Net assets value per share                                                                                      |   | $             | (0.012   | )      |        | $      | (0.014 | )  |
|                                                                                                            |   |          |     |   |        |   |   |   |

| Lior Ostashinsky /S/Lior OstashinskyPresident | May 12, 2010Date of approval of theFinancial statements |
|-----------------------------------------------|---------------------------------------------------------|

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|                                                    |   | Three Months Ended March 31, |      |
|---------------------------------------------------------|--------|----------------------------------------|-----------|
|                                                    |   | 2010                                   |      |   | 2009 |   |
|                                                    |   |                                   |      |   |   |   |
|                                                    |   |                                   |      |   |   |   |
| Investment Income                                       |   | $                                      | -         |   |   | $ | - |   |
|                                                    |   |                                   |      |   |   |   |   |   |
|                                                    |   |                                   |      |   |   |   |   |   |
| Expenses:                                               |   |                                   |      |   |   |   |   |   |
| Professional fees                                       |   |                                   | 11,000    |   |   |   | 1,800 |   |
|                                                    |   |                                   |      |   |   |   |   |   |
| Total Expenses                                          |   |                                   | 11,000    |   |   |   | 1,800 |   |
|                                                    |   |                                   |      |   |   |   |   |   |
|                                                    |   |                                   |      |   |   |   |   |   |
| Net Investment Loss                                     |   |                                   | (11,000   | ) |   |   | (1,800 | ) |
|                                                    |   |                                   |      |   |   |   |   |   |
|                                                    |   |                                   |      |   |   |   |   |   |
| Net decrease in net assets resulting from operations    |   | $                                      | (11,000   | ) |   | $ | (1,800 | ) |
|                                                    |   |                                   |      |   |   |   |   |   |
|                                                    |   |                                   |      |   |   |   |   |   |
| Loss per share - Basic and Diluted (See note 3)         |   | $                                      | (0.004    | ) |   | $ | (0.003 | ) |
|                                                    |   |                                   |      |   |   |   |   |   |
|                                                    |   |                                   |      |   |   |   |   |   |
| Weighted average shares outstanding - Basic and Diluted |   |                                   | 2,671,799 |   |   |   | 615,460 |   |
|                                                    |   |                                   |      |   |   |   |   |   |

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|                                                 |   | Three Months Ended March 31, |     |
|------------------------------------------------------|--------|---------------------------------------------|----------|
|                                                 |   | 2010                                        |     |   | 2009 |   |
|                                                 |   |                                        |     |   |   |   |
| Decrease in net assets from operations:              |   |                                        |     |   |   |   |
| Net investment loss                                  |   | $                                           | 11,000   |   |   | $ | 1,800 |   |
|                                                 |   |                                        |     |   |   |   |   |   |
| Net decrease in net assets resulting from operations |   |                                        | (11,000  | ) |   |   | (1,800 | ) |
|                                                 |   |                                        |     |   |   |   |   |   |
| Total decrease in net assets                         |   |                                        | (11,000  | ) |   |   | (1,800 | ) |
|                                                 |   |                                        |     |   |   |   |   |   |
|                                                 |   |                                        |     |   |   |   |   |   |
| Net Assets:                                          |   |                                        |     |   |   |   |   |   |
| Beginning of period                                  |   |                                        | (172,307 | ) |   |   | (73,491 | ) |
|                                                 |   |                                        |     |   |   |   |   |   |
| End of period                                        |   | $                                           | (183,307 | ) |   | $ | (75,291 | ) |
|                                                 |   |                                        |     |   |   |   |   |   |

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|                                                                                                                               |   | Three Months Ended March 31, |    |
|------------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------------|---------|
|                                                                                                                               |   | 2010                                        |    |   | 2009 |   |
|                                                                                                                               |   |                                        |    |   |   |   |
| CASH FLOWS FROM OPERATING ACTIVITIES:                                                                                              |   |                                        |    |   |   |   |
| Net decrease in net assets resulting from operations                                                                               |   | $                                           | (11,000 | ) |   | $ | (1,800 | ) |
| Adjustments to reconcile net decrease in net assets resulting  from operations to net cash used by operating activities: |   |                                        |    |   |   |   |   |   |
| Increase in related parties                                                                                                        |   |                                        | 11,000  |   |   |   | - |   |
| Increase in accrued expenses                                                                                                       |   |                                        | -       |   |   |   | 1,800 |   |
|                                                                                                                               |   |                                        |    |   |   |   |   |   |
|          Net cash used in operating activities                                        |   |                                        | -       |   |   |   | - |   |
|                                                                                                                               |   |                                        |    |   |   |   |   |   |
|                                                                                                                               |   |                                        |    |   |   |   |   |   |
|                                                                                                                               |   |                                        |    |   |   |   |   |   |
|                                                                                                                               |   |                                        |    |   |   |   |   |   |
| Net  increase in cash and cash equivalents                                                                               |   |                                        | -       |   |   |   | - |   |
| Cash and cash equivalents at beginning of period                                                                                   |   |                                        | 16,755  |   |   |   | - |   |
|                                                                                                                               |   |                                        |    |   |   |   |   |   |
| Cash and cash equivalents at the end of period                                                                                     |   | $                                           | 16,755  |   |   | $ | - |   |
|                                                                                                                               |   |                                        |    |   |   |   |   |   |

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| A.     | Basis of Presentation:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|   | The financial statements are prepared in conformity with generally accepted accounting principles in the United States of America ("GAAP") and pursuant to the reporting requirement set forth on Article 6 of Regulation S-X, as appropriate. In accordance with Article 6-09 of Regulation S-X under the Exchange Act, a Statement of Changes in Net Assets is provided in lieu of a Statement of Changes in Stockholders’ Equity.                                                                                                                                                                                                                                                                            |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|   | The accompanying unaudited financial statements have been prepared on the accrual basis of accounting in conformity with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information. Accordingly, they do not include all of the information and footnotes required for annual financial statements. The unaudited interim financial statements and notes thereto should be read in conjunction with the financial statements and notes for the fiscal year ended December 31, 2009 included in the Company’s Annual Report on Form    10-K, as filed with the Securities and Exchange Commission (“SEC”). |

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| A.     | Basis of Presentation (cont.):                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|   | The financial statements reflect all adjustments and reclassifications which, in the opinion of management, are necessary for the fair presentation of the Company’s results of operations and financial condition for the periods presented.                                                                                                                                                                                                                  |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|   | Furthermore, the preparation of the financial statements requires management to make significant estimates and assumptions including the fair value of investments that do not have a readily available market value. Actual results could differ from those estimates, and the differences could be material. The results of operations for the interim periods presented are not necessarily indicative of the operating results to be expected for the full year. |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| B.     | Use of Estimates in Preparation of Financial Statements:                                                                                                                                                                                                                                                                                                                                                                                                             |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|   | The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements and revenues and expenses during the period reported. Actual result could differ from those estimates.                                                                                     |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| C.     | Cash and Cash Equivalents:                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|   | Cash and cash equivalents consist of demand deposits and highly liquid investments with original maturities of three months or less. Cash and cash equivalents are carried at cost which approximates fair value.                                                                                                                                                                                                                                                    |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| D.     | Investments:                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|   | The Company intends to invest principally in the equity and debt securities of primarily non public and mid-sized companies. Currently, no such investments were done.                                                                                                                                                                                                                                                                                               |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|   | All of the Company's securities will be carried at fair value using different methodologies generally used to determine fair in accordance with FASB ASC Topic 820, Fair Value Measurement and Disclosures(“ASC 820“).                                                                                                                                                                                                                                   |

| E.     | Recent Accounting Pronouncements: |
|--------|-----------------------------------|
|   |                              |   |
|   | 1.                                | In May 2009, the FASB issued SFAS 165—Subsequent Events, which was subsequently included in ASC Topic 855—Subsequent Events, or ASC 855. This guidance establishes general standards of accounting for and disclosure of events that occur after the balance sheet date but before financial statements are issued, and specifically requires the disclosure of the date through which an entity has evaluated subsequent events and the basis for that date. We adopted this guidance during the quarter ended June 30, 2009. |

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| E.     | Recent Accounting Pronouncements (cont.):                                                                       |
|--------|-----------------------------------------------------------------------------------------------------------------|
|   |                                                                                                            |   |
|   | 2.                                                                                                              | In February 2010, the FASB issued ASU 2010-09 to amend ASC 855 to address certain implementation issues, including (1) eliminating the requirement for SEC filers to disclose the date through which it has evaluated subsequent events, (2) clarifying the period through which conduit bond obligors must evaluate subsequent events, and (3) refining the scope of the disclosure requirements for reissued financial statements. The adoption of this standard did not have a significant impact on our consolidated financial statements. |
|   |                                                                                                            |   |
|   | 3.                                                                                                              | In January 2010, the FASB issued ASU No. 2010-01, Accounting for Distributions to Shareholders with Components of Stock and Cash (“ASU 2001-01”), which addresses the accounting for a distribution to shareholders that offers them the ability to elect to receive their entire distribution in cash or shares of equivalent value with a potential limitation on the total amount of cash that shareholders can receive in the aggregate. ASU2010-01 clarifies that the stock portion of such a distribution is considered a share issuance reflected prospectively in earnings per share. ASU 2010-01 is effective for interim and annual periods ending after December 15, 2009 and should be applied on a prospective basis. We adopted the requirements of ASU 2010-01 in the fourth quarter of 2009 and its adoption did not have a material effect on our consolidated financial statements. |
|   |                                                                                                            |   |
|   | 4.                                                                                                              | In January 2010, the FASB issued ASU No. 2010-06, Fair Value Measurements and Disclosures (“ASU 2010-06”), which amends ASC 820 and requires additional disclosure related to recurring and nonrecurring fair value measurements with respect to transfers in and out of Levels 1 and 2 and activity in Level 3 fair value measurements. The update also clarifies existing disclosure requirements related to the level of disaggregation and disclosure about inputs and valuation techniques. ASU 2010-06 is effective for interim and annual periods beginning after December 15, 2009 except for disclosures related to activity in Level 3 fair value measurements which are effective for fiscal years beginning after December 15, 2010 and for interim periods within those fiscal years. |
|   |                                                                                                            |   |
|   | Management is currently evaluating the impact on our consolidated financial statements of adopting ASU 2010-06. |

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| NOTE 3 - EARNING PER SHARE: |
|-----------------------------|

|                                                                                                      |   | Three Months Ended March 31,2010 |      |   | Three Months Ended March 31,2009 |   |
|-----------------------------------------------------------------------------------------------------------|--------|----------------------------------|-----------|--------|----------------------------------|--------|
|                                                                                                      |   |                             |      |   |                             |   |
| Numerator for basic and diluted net decrease in net assets  per share resulting from operations |   | $                                | (11,000   | )      |                             | $      | (1,800 | ) |
|                                                                                                      |   |                             |      |   |                             |   |   |   |
| Denominator for basic and diluted weighted average share:                                                 |   |                             | 2,671,799 |   |                             |   | 615,460 |   |
|                                                                                                      |   |                             |      |   |                             |   |   |   |
| Basic and diluted net decrease in net assets per share resulting  from operations:              |   | $                                | (0.004    | )      |                             | $      | (0.003 | ) |
|                                                                                                      |   |                             |      |   |                             |   |   |   |

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| * 31.1  | Rule 13a-14(a) Certification of Principal Executive Officer.                                                     |
|---------|------------------------------------------------------------------------------------------------------------------|
|    |                                                                                                             |
| * 31.2  | Rule 13a-14(a) Certification of Principal Financial Officer.                                                     |
|    |                                                                                                             |
| ** 32.1 | Certification of Principal Executive Officer and Principal Financial Officer Pursuant to 18 U.S.C. Section 1350. |

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|                |      |                                    |
|---------------------|-----------|-----------------------------------------|
|                |      | Ametrine Capital, Inc.                  |
|                |      |                                    |
| Dated: May 14, 2010 | By:  | /s/ Lior Ostashinsky                    |
|                |      | Lior OstashinskyPresident and Treasurer |

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