----

----

| Nevada                                                         |   | 33-1155965            |   |  03-0608147                  |
|----------------------------------------------------------------|--------|-----------------------|--------|-----------------------------------|
| (State or other jurisdiction of incorporation or organization) |   | (Commission File No.) |   | (IRS Employee Identification No.) |

----

| Item 1.  | Financial Statements                                              |
|----------|-------------------------------------------------------------------|
| Item 2.  | Management’s Discussion and Analysis of Financial Condition |
| Item 3.  | Quantitative and Qualitative Disclosures About Market Risk        |
| Item 4T. | Control and Procedures                                            |

|  Item 1  | Legal Proceedings                                           |
|---------------|-------------------------------------------------------------|
|  Item 1A | Risk Factors                                                |
|  Item 2. | Unregistered Sales of Equity Securities and Use of Proceeds |
|  Item 3. | Defaults Upon Senior Securities                             |
|  Item 4. | (Removed and Reserved)                                      |
|  Item 5. | Other Information                                           |
|  Item 6. | Exhibits                                                    |

----

| FINANCIAL STATEMENTS                                                                                                                                                                                                                                                                 | Page # |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                                                                                                                                                                                                                                                 |   |
| Consolidated Balance Sheets as of September 30, 2010 (Unaudited) and December 31, 2009                                                                                                                                                                                               | F-1    |
|                                                                                                                                                                                                                                                                                 |   |
| Consolidated Statements of Operations for the Nine Months Ended September 30, 2010,  for the Period from September 3, 2009 (Inception) through September 30,  2009, and for the Period from September 3, 2009 (Inception) through September 30, 2010 (Unaudited) | F-2    |
|                                                                                                                                                                                                                                                                                 |   |
| Consolidated Statements of Operations for the Three Months Ended September 30, 2010,  and  2009                                                                                                                                                                  | F-3    |
|                                                                                                                                                                                                                                                                                 |   |
| Consolidated Statement of Stockholders’ Deficit for the Period September 3, 2009 (Inception) through September 30, 2010 (Unaudited)                                                                                                                                            | F-4    |
|                                                                                                                                                                                                                                                                                 |   |
| Consolidated Statements of Cash flows for the  Nine Months Ended September 30, 2010 and for the Period   from September 3, 2009 (Inception)  through September 30, 2009 and 2010 (Unaudited)                                                      | F-5    |
|                                                                                                                                                                                                                                                                                 |   |
| Notes to the Consolidated Financial Statements (Unaudited)                                                                                                                                                                                                                           | F-6    |

----

|                                                                                                                                                      |   |              |         |   |         |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------|--------------|--------|--------------|--------|
|  ASSETS                                                                                                                                              |   |              |         |   |         |   |
|                                                                                                                                                      |   | September 30,2010 |         |   | December 31, |   |
|                                                                                                                                                      |   | (Unaudited)       |         |   | 2009         |   |
| Current Assets:                                                                                                                                           |   |              |         |   |         |   |
| Cash                                                                                                                                                      |   | $                 | 1,045,822    |   |         | $      | 603,156 |   |
| Inventory                                                                                                                                                 |   |              | 45,368       |   |         |   | 72,768 |   |
| Prepaid expenses and other current assets                                                                                                                 |   |              | 92,769       |   |         |   | 95,694 |   |
| Total current assets                                                                                                                                      |   |              | 1,183,959    |   |         |   | 771,618 |   |
|                                                                                                                                                      |   |              |         |   |         |   |   |   |
| OTHER ASSETS:                                                                                                                                             |   |              |         |   |         |   |   |   |
| Security deposits                                                                                                                                         |   |              | 36,468       |   |         |   | 36,257 |   |
| EV Charging Stations (net of accumulated depreciation of  $2,897 and $0, respectively)                                                          |   |              |  24,374 |   |         |   |  - |   |
| Office and computer equipment (net of accumulated depreciation of $ 3,660 and $ 441, respectively)                                                        |   |              |  23,307 |   |         |   | 17,191 |   |
| Total other assets                                                                                                                                        |   |              | 84,149       |   |         |   | 53,448 |   |
|                                                                                                                                                      |   |              |         |   |         |   |   |   |
| TOTAL ASSETS                                                                                                                                              |   | $                 | 1,268,108    |   |         | $      | 825,066 |   |
|                                                                                                                                                      |   |              |         |   |         |   |   |   |
| LIABILITIES AND STOCKHOLDERS' DEFICIT                                                                                                                     |   |              |         |   |         |   |   |   |
|                                                                                                                                                      |   |              |         |   |         |   |   |   |
| Current Liabilities:                                                                                                                                      |   |              |         |   |         |   |   |   |
| Accounts payable and accrued expenses                                                                                                                     |   | $                 | 51,910       |   |         | $      | 183,065 |   |
| Accrued expenses, related parties                                                                                                                         |   |              | 5,885        |   |         |   | 1,900 |   |
| Current maturities of Convertible notes payable, net of discount of $21,067                                                                               |   |              | 63,934       |   |         |   | - |   |
| Total current liabilities                                                                                                                                 |   |              | 121,729      |   |         |   | 184,965 |   |
|                                                                                                                                                      |   |              |         |   |         |   |   |   |
| Convertible notes payable, net of discount of  $43,247 and current maturities                                                                   |   |              | -            |   |         |   | 56,753 |   |
|                                                                                                                                                      |   |              |         |   |         |   |   |   |
| Derivative liabilities                                                                                                                                    |   |              | 4,437,211    |   |         |   | 7,126,823 |   |
|                                                                                                                                                      |   |              |         |   |         |   |   |   |
| Total liabilities                                                                                                                                         |   |              | 4,558,940    |   |         |   | 7,368,541 |   |
|                                                                                                                                                      |   |              |         |   |         |   |   |   |
| Stockholders' Deficit:                                                                                                                                    |   |              |         |   |         |   |   |   |
| Series A Convertible Preferred stock: $0.001 par value; 20,000,000 shares authorized and designated as Series A; 10,000,000 shares issued and outstanding |   |              | 10,000       |   |         |   | 10,000 |   |
| Common stock: $0.001 par value; 500,000,000 shares authorized; 89,840,878 and 72,824,214 shares issued and outstanding, respectively                      |   |              | 89,841       |   |         |   | 72,825 |   |
| Additional paid-in capital                                                                                                                                |   |              | 9,560,558    |   |         |   | 174,883 |   |
| Deficit accumulated during the development stage                                                                                                          |   |              | (12,951,231  | )      |         |   | (6,801,183 | ) |
| Total Stockholders’ Deficit                                                                                                                         |   |              | (3,290,832   | )      |         |   | (6,543,475 | ) |
| TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT                                                                                                         |   | $                 | 1,268,108    |   |         | $      | 825,066 |   |

----

|                                                                           |   |  For theNine Months EndedSeptember 30, 2010 |       |   | For thePeriod fromSeptember 3, 2009(Inception)Through September 30, 2009 |   |       | For thePeriod fromSeptember 3, 2009(Inception)through September 30, 2010 |   |
|--------------------------------------------------------------------------------|--------|-------------------------------------------------------|------------|--------|------------------------------------------------------------------------------------|--------|------------|------------------------------------------------------------------------------------|--------|
|                                                                           |   |                                                  |       |   |                                                                               |   |       |                                                                               |   |
| Revenues                                                                       |   | $                                                     | -          |   |                                                                               | $      | -          |                                                                               |   | $ | - |   |
|                                                                           |   |                                                  |       |   |                                                                               |   |       |                                                                               |   |   |   |   |
| Operating expenses:                                                            |   |                                                  |       |   |                                                                               |   |       |                                                                               |   |   |   |   |
|                                                                           |   |                                                  |       |   |                                                                               |   |       |                                                                               |   |   |   |   |
| Compensation                                                                   |   |                                                  | 7,613,956  |   |                                                                               |   | 6,353      |                                                                               |   |   | 7,877,234 |   |
| Other operating expenses                                                       |   |                                                  | 154,215    |   |                                                                               |   | -          |                                                                               |   |   | 194,789 |   |
| General and administrative                                                     |   |                                                  | 573,111    |   |                                                                               |   | 47         |                                                                               |   |   | 608,046 |   |
|                                                                           |   |                                                  |       |   |                                                                               |   |       |                                                                               |   |   |   |   |
| Total operating expenses                                                       |   |                                                  | 8,341,282  |   |                                                                               |   | 6,400      |                                                                               |   |   | 8,680,069 |   |
|                                                                           |   |                                                  |       |   |                                                                               |   |       |                                                                               |   |   |   |   |
| Loss from operations                                                           |   |                                                  | (8,341,282 | )      |                                                                               |   | (6,400     | )                                                                                  |   |   | (8,680,069 | ) |
|                                                                           |   |                                                  |       |   |                                                                               |   |       |                                                                               |   |   |   |   |
| Other (income) expense:                                                        |   |                                                  |       |   |                                                                               |   |       |                                                                               |   |   |   |   |
| Interest expense, net                                                          |   |                                                  | 21,345     |   |                                                                               |   | -          |                                                                               |   |   | 28,987 |   |
| (Gain) loss on change in fair value of                                         |   |                                                  |       |   |                                                                               |   |       |                                                                               |   |   |   |   |
|     derivative liability                                   |   |                                                  | (2,212,579 | )      |                                                                               |   | -          |                                                                               |   |   | 4,242,175 |   |
|                                                                           |   |                                                  |       |   |                                                                               |   |       |                                                                               |   |   |   |   |
| Total other (income) expense                                                   |   |                                                  | (2,191,234 | )      |                                                                               |   | -          |                                                                               |   |   | 4,271,162 |   |
|                                                                           |   |                                                  |       |   |                                                                               |   |       |                                                                               |   |   |   |   |
| Loss before income taxes                                                       |   |                                                  | (6,150,048 | )      |                                                                               |   | (6,400     | )                                                                                  |   |   | (12,951,231 | ) |
|                                                                           |   |                                                  |       |   |                                                                               |   |       |                                                                               |   |   |   |   |
| Income tax provision                                                           |   |                                                  | -          |   |                                                                               |   | -          |                                                                               |   |   | - |   |
|                                                                           |   |                                                  |       |   |                                                                               |   |       |                                                                               |   |   |   |   |
| Net loss                                                                       |   | $                                                     | (6,150,048 | )      |                                                                               | $      | (6,400     | )                                                                                  |   | $ | (12,951,231 | ) |
|                                                                           |   |                                                  |       |   |                                                                               |   |       |                                                                               |   |   |   |   |
| Net loss per common share – basic and diluted                            |   | $                                                     | (0.08      | )      |                                                                               | $      | (0.00      | )                                                                                  |   | $ | (0.17 | ) |
| Weighted average number of common shares outstanding – basic and diluted |   |                                                  | 79,846,344 |   |                                                                               |   | 72,824,214 |                                                                               |   |   | 76,898,746 |   |
|                                                                           |   |                                                  |       |   |                                                                               |   |       |                                                                               |   |   |   |   |

----

|                                                                                         |   |    For the Three MonthsEndedSeptember 30, 2010 |       |   | For theThree MonthsEndedSeptember 30, 2009 |   |
|----------------------------------------------------------------------------------------------|--------|--------------------------------------------------------------------|------------|--------|-------------------------------------------------|--------|
|                                                                                         |   |                                                               |       |   |                                            |   |
| Revenues                                                                                     |   | $                                                                  | -          |   |                                            | $      | - |   |
|                                                                                         |   |                                                               |       |   |                                            |   |   |   |
| Operating expenses:                                                                          |   |                                                               |       |   |                                            |   |   |   |
| Compensation                                                                                 |   |                                                               | 7,227,171  |   |                                            |   | 6,353 |   |
| Other operating expenses                                                                     |   |                                                               | 52,474     |   |                                            |   | - |   |
| General and administrative                                                                   |   |                                                               | 335,755    |   |                                            |   | 47 |   |
|                                                                                         |   |                                                               |       |   |                                            |   |   |   |
| Loss from operations                                                                         |   |                                                               | 7,615,400  |   |                                            |   | 6,400 |   |
|                                                                                         |   |                                                               |       |   |                                            |   |   |   |
| Other  (income) expense:                                                           |   |                                                               |       |   |                                            |   |   |   |
| Interest expense, net                                                                        |   |                                                               | 6,512      |   |                                            |   | - |   |
| (Gain) loss on change in fair value of   derivative liability                 |   |                                                               | (3,048,180 | )      |                                            |   | - |   |
|                                                                                         |   |                                                               |       |   |                                            |   |   |   |
| Total other (income) expense                                                                 |   |                                                               | (3,041,668 | )      |                                            |   | - |   |
|                                                                                         |   |                                                               |       |   |                                            |   |   |   |
| Loss before income taxes                                                                     |   |                                                               | (4,573,732 | )      |                                            |   | (6,400 | ) |
|                                                                                         |   |                                                               |       |   |                                            |   |   |   |
| Income tax provision                                                                         |   |                                                               | -          |   |                                            |   | - |   |
| Net loss                                                                                     |   | $                                                                  | (4,573,732 | )      |                                            | $      | (6,400 | ) |
|                                                                                         |   |                                                               |       |   |                                            |   |   |   |
| Net loss per common share –       basic and diluted |   | $                                                                  | (0.05      | )      |                                            | $      | (0.07 | ) |
| Weighted average number of common shares outstanding – basic and diluted               |   |                                                               | 85,115,879 |   |                                            |   | 72,824,214 |   |

----

|                                                                                                                            |   |            |              |   |            |   |   | Common Stock |   |   | Additional |   |   | Deficit AccumulatedDuring the |   |   | Total            |   |
|---------------------------------------------------------------------------------------------------------------------------------|--------|-----------------|-------------------|--------|-----------------|--------|--------|--------------|--------|--------|------------|--------|--------|-------------------------------|--------|--------|------------------|--------|
|                                                                                                                            |   | PreferredShares |              |   | PreferredAmount |   |   | Shares       |   |   | Amount     |   |   | Paid-in Capital               |   |   | DevelopmentStage |   |   | Stockholders'Deficit |   |
| Balance at September 3, 2009 (Inception)                                                                                        |   |            |   -          |   |            | $      | -      |         |   |   | 50,000,000 |   |   | $                             | 50,000 |   |             | $      | (50,000 | ) |   | $ | - |   |   | $ | - |   |
| Reverse acquisition    adjustment                                                                           |   |            | 10,000,000        |   |            |   | 10,000 |         |   |   | 19,757,549 |   |   |                          | 19,758 |   |             |   | (70,515 | ) |   |   |   |   |   |   | (40,757 | ) |
| Sale of common (net of   derivative liability of   warrants of $586,535)                          |   |            |              |   |            |   |   |         |   |   | 3,066,665  |   |   |                          | 3,067  |   |             |   | 295,398 |   |   |   |   |   |   |   | 298,465 |   |
| Net loss                                                                                                                        |   |            |              |   |            |   |   |         |   |   |       |   |   |                          |   |   |             |   |   |   |   |   | (6,801,183 | ) |   |   | (6,801,183 | ) |
| Balance at December 31, 2009                                                                                                    |   |            |   10,000,000 |   |            |   | 10,000 |         |   |   | 72,824,214 |   |   |                          | 72,825 |   |             |   | 174,883 |   |   |   | (6,801,183 | ) |   |   | (6,543,475 | ) |
|                                                                                                                            |   |            |              |   |            |   |   |         |   |   |       |   |   |                          |   |   |             |   |   |   |   |   |   |   |   |   |   |   |
| Common stock issued for debt to founders                                                                                        |   |            |              |   |            |   |   |         |   |   | 4,600,000  |   |   |                          | 4,600  |   |             |   |   |   |   |   |   |   |   |   | 4,600 |   |
|                                                                                                                            |   |            |              |   |            |   |   |         |   |   |       |   |   |                          |   |   |             |   |   |   |   |   |   |   |   |   |   |   |
| Common stock issued for services                                                                                                |   |            |              |   |            |   |   |         |   |   | 1,058,333  |   |   |                          | 1,058  |   |             |   | 461,871 |   |   |   |   |   |   |   | 462,929 |   |
|                                                                                                                            |   |            |              |   |            |   |   |         |   |   |       |   |   |                          |   |   |             |   |   |   |   |   |   |   |   |   |   |   |
| Common stock issuedfor  conversion ofconvertible notes (netof derivative liabilityfor conversion featureof $ 552,872) |   |            |              |   |            |   |   |         |   |   | 6,000,000  |   |   |                          | 6,000  |   |             |   | 561,871 |   |   |   |   |   |   |   | 567,871 |   |
|                                                                                                                            |   |            |              |   |            |   |   |         |   |   |       |   |   |                          |   |   |             |   |   |   |   |   |   |   |   |   |   |   |
| Sale of common stock withwarrants attached (netof derivative liability on 191,665 warrants of$ 75,839)                     |   |            |              |   |            |   |   |         |   |   | 191,665    |   |   |                          | 191    |   |             |   | (18,531 | ) |   |   |   |   |   |   | (18,340 | ) |
|                                                                                                                            |   |            |              |   |            |   |   |         |   |   |       |   |   |                          |   |   |             |   |   |   |   |   |   |   |   |   |   |   |
| Common stock issued for cash                                                                                                    |   |            |              |   |            |   |   |         |   |   | 5,166,666  |   |   |                          | 5,167  |   |             |   | 1,385,380 |   |   |   |   |   |   |   | 1,390,547 |   |
| Warrants issued for                                                                                                             |   |            |              |   |            |   |   |         |   |   |       |   |   |                          |   |   |             |   |   |   |   |   |   |   |   |   |   |   |
| services                                                                                                                        |   |            |              |   |            |   |   |         |   |   |       |   |   |                          |   |   |             |   | 6,995,084 |   |   |   |   |   |   |   | 6,995,084 |   |
| Net  loss                                                                                                             |   |            |              |   |            |   |   |         |   |   |       |   |   |                          |   |   |             |   |   |   |   |   | (6,150,048 | ) |   |   | (6,150,048 | ) |
| Balance at September 30, 2010                                                                                                   |   |            | 10,000,000        |   |            | $      | 10,000 |         |   |   | 89,840,878 |   |   | $                             | 89,841 |   |             | $      | 9,560,558 |   |   | $ | (12,951,231 | ) |   | $ | (3,290,832 | ) |

----

|                                                                                      |   |   For theNine MonthsEndedSeptember 30, 2010 |       |   | For thePeriod fromSeptember 3, 2009(Inception)throughSeptember 30, 2009 |   |         | For thePeriod fromSeptember 3, 2009(Inception)throughSeptember 30,2010 |   |
|-------------------------------------------------------------------------------------------|--------|-------------------------------------------------------|------------|--------|------------------------------------------------------------------------------|--------|--------------|------------------------------------------------------------------------|--------|
| CASH FLOWS FROM OPERATING ACTIVITIES:                                                     |   |                                                  |       |   |                                                                         |   |         |                                                                   |   |
| Net loss                                                                                  |   | $                                                     | (6,150,048 | )      |                                                                         | $      | (6400        | )                                                                      |   | $ | (12,951,231 | ) |
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities: |   |                                                  |       |   |                                                                         |   |         |                                                                   |   |   |   |   |
| Depreciation and amortization                                                             |   |                                                  | 6,116      |   |                                                                         |   | -            |                                                                   |   |   | 6,557 |   |
| Amortization of discount on convertible notes payable                                     |   |                                                  | 22,181     |   |                                                                         |   |         |                                                                   |   | 28,348 |   |
| Change in fair value of derivatives liability                                             |   |                                                  | (2,212,579 | )      |                                                                         |   |         |                                                                   |   |   | 4,242,175 |   |
| Common stock and warrants issued for services                                             |   |                                                  | 7,458,013  |   |                                                                         |   | -            |                                                                   |   |   | 7,458,013 |   |
| Changes in operating assets and liabilities:                                              |   |                                                  |       |   |                                                                         |   |         |                                                                   |   |   |   |   |
| Inventory                                                                                 |   |                                                  | 27,400     |   |                                                                         |   | (2,478       | )                                                                      |   |   | (45,368 | ) |
| Prepaid expenses and other current assets                                                 |   |                                                  | 2,925      |   |                                                                         |   | -            |                                                                   |   |   | (92,769 | ) |
| Security deposit                                                                          |   |                                                  | (211       | )      |                                                                         |   | -            |                                                                   |   |   | (36,468 | ) |
| Accounts payable and accrued expenses                                                     |   |                                                  | (126,556   | )      |                                                                         |   | 22,892       |                                                                   |   |   | 51,872 |   |
| Accrued expenses, related party                                                           |   |                                                  | 3,985      |   |                                                                         |   | -            |                                                                   |   |   | 5,885 |   |
|                                                                                      |   |                                                  |       |   |                                                                         |   |         |                                                                   |   |   |   |   |
| Net Cash Provided by (Used in) Operating Activities                                       |   |                                                  | (968,774   | )      |                                                                         |   |  14,014 |                                                                   |   |   | (1,332,986 | ) |
|  CASH FLOWS FROM INVESTING ACTIVITIES:                                               |   |                                                  |       |   |                                                                         |   |         |                                                                   |   |   |   |   |
| Purchase of office and computer equipment                                                 |   |                                                  | (9,335     | )      |                                                                         |   | -            |                                                                   |   |   | (26,968 | ) |
| Purchase of Electric Charging Stations                                                    |   |                                                  | (27,400    | )      |                                                                         |   | -            |                                                                   |   |   | (27,400 | ) |
| Net Cash Used in Investing Activities                                                     |   |                                                  | (36,606    | )      |                                                                         |   | -            |                                                                   |   |   | (54,238 | ) |
|                                                                                      |   |                                                  |       |   |                                                                         |   |         |                                                                   |   |   |   |   |
| CASH FLOWS FROM FINANCING ACTIVITIES                                                      |   |                                                  |       |   |                                                                         |   |         |                                                                   |   |   |   |   |
| Proceeds from convertible notes payable                                                   |   |                                                  | -          |   |                                                                         |   | 100,000      |                                                                   |   |   | 100,000 |   |
| Sale of common stock, net of issuing costs                                                |   |                                                  | 1,448,046  |   |                                                                         |   | 2,000        |                                                                   |   |   | 2,333,046 |   |
|  Net Cash Provided By Financing Activities                                           |   |                                                  | 1,448,046  |   |                                                                         |   | 102,000      |                                                                   |   |   | 2, 433,046 |   |
|  NET CHANGE IN CASH                                                                  |   |                                                  | 442,666    |   |                                                                         |   | 116,014      |                                                                   |   |   | 1,045,822 |   |
|                                                                                      |   |                                                  |       |   |                                                                         |   |         |                                                                   |   |   |   |   |
| CASH AT BEGINNING OF PERIOD                                                               |   |                                                  | 603,156    |   |                                                                         |   | -            |                                                                   |   |   | - |   |
| CASH AT END OF PERIOD                                                                     |   | $                                                     | 1,045,822  |   |                                                                         | $      | 116,014      |                                                                   |   | $ | 1,045,822 |   |
|                                                                                      |   |                                                  |       |   |                                                                         |   |         |                                                                   |   |   |   |   |
| SUPPLEMENTAL SCHEDULE OF CASH FLOW ACTIVITIES – Cash Paid For:                      |   |                                                  |       |   |                                                                         |   |         |                                                                   |   |   |   |   |
| Interest expenses                                                                         |   | $                                                     | -          |   |                                                                         | $      | -            |                                                                   |   | $ | - |   |
| Income taxes                                                                              |   | $                                                     | -          |   |                                                                         | $      | -            |                                                                   |   | $ | - |   |
| NONCASH INVESTING AND FINANCING ACTIVITIES:                                               |   |                                                  |       |   |                                                                         |   |         |                                                                   |   |   |   |   |
| Common stock issued for debt                                                              |   | $                                                     | 4,600      |   |                                                                         | $      |         |                                                                   |   | $ | 4,600 |   |

----

----

----

----

| · | The Company uses historical data to estimate employee termination behavior.  The expected life of options granted is derived from paragraph 718-10-S99-1 of the FASB Accounting Standards Codification and represents the period of time the options are expected to be outstanding. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | The expected volatility is based on a combination of the historical volatility of the comparable companies’ stock over the contractual life of the options. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | The risk-free interest rate is based on the U.S. Treasury yield curve in effect at the time of grant for periods within the contractual life of the option. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------|

| · | The expected dividend yield is based on the Company’s current dividend yield as the best estimate of projected dividend yield for periods within the contractual life of the option. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| Convertible notes issued on September 25, 2009                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |   | 34,000,000 |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |   |       |   |
| Preferred stock issued on December 7, 2009                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |   | 25,000,000 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |   |       |   |
| Warrants issued on December 7, 2009                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |   | 3,566,665  |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |   |       |   |
| Warrants issued on April 1, 2010                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |   | 2,750,000  |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |   |       |   |
| Warrants issued on April 12, 2010                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |   | 250,000    |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |   |       |   |
| Warrants issued on April 27, 2010                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |   | 10,000,000 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |   |       |   |
| Warrants issued on June 4, 2010                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |   | 191,665    |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |   |       |   |
| Warrants issued on August 25, 2010                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |   | 15,550,000 |   |
|                                                                                         Total Potential Dilutive Shares |   |   | 91,308,330 |   |

----

| 1      | A subsidiary or group of assets that is a business or nonprofit activity                                                                                                              |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                  |
| 2      | A subsidiary that is a business or nonprofit activity that is transferred to an equity method investee or joint venture                                                               |
|   |                                                                                                                                                                                  |
| 3      | An exchange of a group of assets that constitutes a business or nonprofit activity for a noncontrolling interest in an entity (including an equity method investee or joint venture). |

----

| 1      | Sales of in substance real estate.  Entities should apply the sale of real estate guidance in Subtopics 360-20 (Property, Plant, and Equipment) and 976-605 (Retail/Land) to such transactions.                            |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                 |
| 2      | Conveyances of oil and gas mineral rights.  Entities should apply the mineral property conveyance and related transactions guidance in Subtopic 932-360 (Oil and Gas-Property, Plant, and Equipment) to such transactions. |

----

----

----

----

----

----

----

----

| (1)    | Incorporated by reference to Form 10-Q filed on December 14, 2010 |
|------------------|-------------------------------------------------------------------|

| (2)    | Certain Portions of this exhibit have been omitted based upon a request for confidential treatment. The non-public information has been filed with the Commission. |
|------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                                   | CAR CHARGING GROUP, INC.                                            |   |
|----------------------------------------|---------------------------------------------------------------------|--------|
|                                   |                                                                |   |
|                                   | By:  /s/ Michael D. Farkas                                |   |
|   Date:  April 11, 2011 | Michael D. FarkasChief Executive OfficerPrincipal Executive Officer |   |
|                                   |                                                                |   |
|                                   | By:/s/ Richard Adeline                                         |   |
|                                   | Richard AdelineChief Financial OfficerPrincipal Financial Officer   |   |