----

----

| Nevada                                                        |   | 33-1155965               |   |   03-0608147                   |
|---------------------------------------------------------------|--------|--------------------------|--------|-------------------------------------|
| (State or other jurisdiction ofincorporation or organization) |   | (Commission File Number) |   | (I.R.S Employee Identification No.) |

|  Large Accelerated Filer  o                                                       |  Accelerated Filer  o   |
|---------------------------------------------------------------------------------------------|-----------------------------------|
|  Non-Accelerated Filer    o (Do not check if smaller reporting company) |  Smaller Reporting Company x |

----

| Item 1. | Financial Statements                                                                             |
|---------|--------------------------------------------------------------------------------------------------|
| Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations |
| Item 3. | Quantitative and Qualitative Disclosures About Market Risk                                       |
| Item 4. | 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 # |   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------|
|                                                                                                                                                                                                                   |   |   |   |
| Condensed Consolidated Balance Sheets as of  March 31, 2011  (Unaudited)  and  December 31, 2010                                                                               |   |   | F-1    |   |
|                                                                                                                                                                                                                   |   |   |   |   |
| Condensed Consolidated Statements of Operations for the Three Months Ended March 31, 2011and 2010  and for the Period   from September 3, 2009 (Inception) through March 31, 2011 (Unaudited) |   |   | F-2    |   |
|                                                                                                                                                                                                                   |   |   |   |   |
| Condensed Statement of Stockholders’ Equity (Deficit) for the Period September 3, 2009 (Inception) through   March 31, 2011 (Unaudited)                                                      |   |   | F-3    |   |
|                                                                                                                                                                                                                   |   |   |   |   |
| Condensed Consolidated Statements of Cash flows for the Three Months Ended March 31, 2011and 2010 and for the Period   from September 3, 2009 (Inception)  through March 31, 2011 (Unaudited) |   |   | F-4    |   |
|                                                                                                                                                                                                                   |   |   |   |   |
| Condensed Notes to the Consolidated Financial Statements (Unaudited)                                                                                                                                                   |   |   | F-5    |   |

----

----

|                                                                                                                                                      |   | March 31 2011 |        |   | December 31 2010 |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------|--------|---------------|-------------|--------|------------------|--------|
| ASSETS                                                                                                                                                    |   | (UNAUDITED)   |        |   |             |   |
| Current Assets:                                                                                                                                           |   |          |        |   |             |   |
| Cash                                                                                                                                                      |   | $             | 39,498      |   |             | $      | 373,868 |   |
| Prepaid expenses and other current assets                                                                                                                 |   |          | 111,261     |   |             |   | 78,004 |   |
| Total current assets                                                                                                                                      |   |          | 150,759     |   |             |   | 451,872 |   |
| OTHER ASSETS:                                                                                                                                             |   |          |        |   |             |   |   |   |
| Deposits                                                                                                                                                  |   |          | 36,468      |   |             |   | 69,696 |   |
| EV Charging Stations (net of accumulated depreciation of  $27,390 and $11,242, respectively)                                                    |   |          | 307,439     |   |             |   | 216,616 |   |
| Office and computer equipment (net of accumulated depreciation of $7,045 and $5,373, respectively)                                                        |   |          | 29,323      |   |             |   | 30,995 |   |
| Total other assets                                                                                                                                        |   |          | 373,230     |   |             |   | 317,307 |   |
| TOTAL ASSETS                                                                                                                                              |   | $             | 523,989     |   |             | $      | 769,179 |   |
|                                                                                                                                                      |   |          |        |   |             |   |   |   |
| LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)                                                                                                            |   |          |        |   |             |   |   |   |
| Current Liabilities:                                                                                                                                      |   |          |        |   |             |   |   |   |
| Accounts payable and accrued expenses                                                                                                                     |   | $             | 99,007      |   |             | $      | 104,432 |   |
| Note payable to stockholder                                                                                                                               |   |          | 125,000     |   |             |   |   |   |
| Accrued interest                                                                                                                                          |   |          | 5,249       |   |             |   | 7,268 |   |
| Current maturities of Convertible notes payable, net of discount of $ 5,976 and $15,614, respectively                                                     |   |          | 25,024      |   |             |   |  69,387 |   |
| Total current liabilities                                                                                                                                 |   |          | 254,280     |   |             |   | 181,087 |   |
| Derivative liabilities                                                                                                                                    |   |          | 134,374     |   |             |   | 3,467,864 |   |
| Total liabilities                                                                                                                                         |   |          | 388,654     |   |             |   | 3,648,951 |   |
| Stockholders' Equity (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; 23,609,067 and 1,796,817 shares issued and outstanding, respectively            |   |          | 23,610      |   |             |   | 1,797 |   |
| Additional paid-in capital                                                                                                                                |   |          | 10,241,884  |   |             |   | 9,619,173 |   |
| Equity (Deficit) Accumulated in Development Stage                                                                                                         |   |          | (10,140,159 | )      |             |   | (12,510,742 | ) |
| Total Stockholders’ Equity (Deficit)                                                                                                           |   |          | 135,335     |   |             |   | (2,879,772 | ) |
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)                                                                                                |   | $             | 523,989     |   |             | $      | 769,179 |   |

----

|                                                                           |   |   For the Three Months EndedMarch 31, 2011 |                                                                                                      |   | For the Three Months Ended March 31, 2010 |   |             | For the Period from September 3, 2009 (Inception) to March 31, 2011 |   |
|--------------------------------------------------------------------------------|--------|------------------------------------------------------|-----------------------------------------------------------------------------------------------------------|--------|---------------------------------------------------------------|--------|------------------|--------------------------------------------------------------------------|--------|
|                                                                           |   |                                                 |                                                                                                      |   |                                                          |   |             |                                                                     |   |   |
| Revenues                                                                       |   | $                                                    | -                                                                                                         |   |                                                          | $      |  -          |                                                                     |   | $  |                  - |   |
|                                                                           |   |                                                 |                                                                                                      |   |                                                          |   |             |                                                                     |   |   |   |   |
| Operating expenses:                                                            |   |                                                 |                                                                                                      |   |                                                          |   |             |                                                                     |   |   |   |   |
|                                                                           |   |                                                 |                                                                                                      |   |                                                          |   |             |                                                                     |   |   |   |   |
| Compensation                                                                   |   |                                                 | 647,520                                                                                                   |   |                                                          |   | 201,642          |                                                                     |   |   |       8,743,685 |   |
| Other operating expenses                                                       |   |                                                 | 101,398                                                                                                   |   |                                                          |   | 0                |                                                                     |   |   |         402,148 |   |
| General and administrative                                                     |   |                                                 | 201,928                                                                                                   |   |                                                          |   | 128,008          |                                                                     |   |   |          1,036,137 |   |
|                                                                           |   |                                                 |                                                                                                      |   |                                                          |   |             |                                                                     |   |   |   |   |
| Total operating expenses                                                       |   |                                                 |          950,846                                             |   |                                                          |   | 329,650          |                                                                     |   |   |       10,181,970 |   |
|                                                                           |   |                                                 |                                                                                                      |   |                                                          |   |             |                                                                     |   |   |   |   |
| Income (loss) from operations                                                  |   |                                                 |        (950,846)                                                       |   |                                                          |   | (329,650         | )                                                                        |   |   |      (10,181,970 | ) |
|                                                                           |   |                                                 |                                                                                                      |   |                                                          |   |             |                                                                     |   |   |   |   |
| Other income (expense):                                                        |   |                                                 |                                                                                                      |   |                                                          |   |             |                                                                     |   |   |   |   |
| Interest expense, net                                                          |   |                                                 | (12,061)                                                                                                  |   |                                                          |   | (7,476           | )                                                                        |   |   |          (48,281 | ) |
| Gain on change in fair value of                                           |   |                                                 |                                                                                                      |   |                                                          |   |             |                                                                     |   |   |   |   |
|     derivative liability                                   |   |                                                 | 3,333,490                                                                                                 |   |                                                          |   | 2,408,648        |                                                                     |   |   |    90,092  |   |
|                                                                           |   |                                                 |                                                                                                      |   |                                                          |   |             |                                                                     |   |   |   |   |
| Total other  income (expense)                                             |   |                                                 |      3,321,429                                                                   |   |                                                          |   | 2,401,172        |                                                                     |   |   |    41,811  |   |
|                                                                           |   |                                                 |                                                                                                      |   |                                                          |   |             |                                                                     |   |   |   |   |
| Income (loss) before income taxes                                              |   |                                                 |       2,370,583                                                             |   |                                                          |   | 2,071,522        |                                                                     |   |   |    (10,140,159 | ) |
|                                                                           |   |                                                 |                                                                                                      |   |                                                          |   |             |                                                                     |   |   |   |   |
| Income tax provision                                                           |   |                                                 | -                                                                                                         |   |                                                          |   | -                |                                                                     |   |   |                    - |   |
|                                                                           |   |                                                 |                                                                                                      |   |                                                          |   |             |                                                                     |   |   |   |   |
| Net Income (loss)                                                              |   | $                                                    | 2,370,583                                                                                                 |   |                                                          | $      | 2,071,522        |                                                                     |   | $  |  (10,140,159 | ) |
|                                                                           |   |                                                 |                                                                                                      |   |                                                          |   |             |                                                                     |   |   |   |   |
| Net income per common share – basic and diluted                          |   | $                                                    |                  .47 |   |                                                          | $      |   1.38 |                                                                     |   |   |   |   |
| Weighted average number of common shares outstanding – basic and diluted |   |                                                 | 4,972,576                                                                                                 |   |                                                          |   | 1,501,151        |                                                                     |   |   |   |   |

----

|                                                                                                                            |   |            |              |   |            |   |   | Common Stock |   |   |       |   |   |                      |                    |    |                                       |   |
|---------------------------------------------------------------------------------------------------------------------------------|--------|-----------------|-------------------|--------|-----------------|--------|--------|--------------|--------|--------|------------|--------|--------|---------------------------|-------------------------|---------|--------------------------------------------|--------|
|                                                                                                                            |   | PreferredShares |              |   | PreferredAmount |   |   | Shares       |   |   | Amount     |   |   | AdditionalPaid-in Capital |                    |    | Deficit Accumulatedin theDevelopment Stage |   |   | Total Stockholders'Equity(Deficit) |   |
| Balance at September 3, 2009 (Inception)                                                                                        |   |            |   -          |   |            | $      | -      |         |   |   | 1,000,000  |   |   | $                         | 50,000                  |    |                                       | $      | (50,000 | ) |   | $ | - |   |   | $ | - |   |
| Reverse acquisition    adjustment                                                                           |   |            | 10,000,000        |   |            |   | 10,000 |         |   |   | 395,150    |   |   |                      | 19,758                  |    |                                       |   | (70,515 | ) |   |   |   |   |   |   | (40,757 | ) |
| Sale of common (net of   derivative liability of   warrants of $586,535)                          |   |            |              |   |            |   |   |         |   |   | 61,333     |   |   |                      |   3,067       |    |                                       |   | 295,398 |   |   |   |   |   |   |   |                              298,465 |   |
| Reverse Split 1:50                                                                                                              |   |            |              |   |            |   |   |         |   |   |       |   |   |                      |   (71,369     | )  |                                       |   | 71,369 |   |   |   |   |   |   |   |   |   |
| Net loss                                                                                                                        |   |            |              |   |            |   |   |         |   |   |       |   |   |                      |                    |    |                                       |   |   |   |   |   | (6,801,183 | ) |   |   | (6,801,183 | ) |
| Balance at December 31, 2009                                                                                                    |   |            |   10,000,000 |   |            |   | 10,000 |         |   |   | 1,456,483  |   |   |                      |    1,456 |    |                                       |   | 246,252 |   |   |   | (6,801,183 | ) |   |   | (6,543,475 | ) |
| Common stock issued for debt to founders                                                                                        |   |            |              |   |            |   |   |         |   |   | 92,000     |   |   |                      | 4,600                   |    |                                       |   |   |   |   |   |   |   |   |   | 4,600 |   |
| Common stock issued for services                                                                                                |   |            |              |   |            |   |   |         |   |   | 21,167     |   |   |                      | 1,058                   |    |                                       |   | 432,441 |   |   |   |   |   |   |   | 433,499 |   |
| Common stock issuedfor  conversion ofconvertible notes (netof derivative liabilityfor conversion featureof $ 552,872) |   |            |              |   |            |   |   |         |   |   | 120,000    |   |   |                      | 6,000                   |    |                                       |   | 561, 872 |   |   |   |   |   |   |   | 567,872 |   |
| Sale of common stock withwarrants attached (netof derivative liability on 3,834 warrants of$ 75,839)                       |   |            |              |   |            |   |   |         |   |   | 3,834      |   |   |                      | 191                     |    |                                       |   | (18,531 | ) |   |   |   |   |   |   | (18,340 | ) |
| Common stock issued for cash                                                                                                    |   |            |              |   |            |   |   |         |   |   | 103,333    |   |   |                      | 5,167                   |    |                                       |   | 1,385,380 |   |   |   |   |   |   |   | 1,390,547 |   |
| Warrants issued for                                                                                                             |   |            |              |   |            |   |   |         |   |   |       |   |   |                      |                    |    |                                       |   |   |   |   |   |   |   |   |   |   |   |
| services                                                                                                                        |   |            |              |   |            |   |   |         |   |   |       |   |   |                      |                    |    |                                       |   | 6,995,084 |   |   |   |   |   |   |   | 6,995,084 |   |
| Reverse split 1:50                                                                                                              |   |            |              |   |            |   |   |         |   |   |       |   |   |                      | (16,675                 | )  |                                       |   | 16,675 |   |   |   |   |   |   |   |   |   |
| Net  loss                                                                                                             |   |            |              |   |            |   |   |         |   |   |       |   |   |                      |                    |    |                                       |   |   |   |   |   | (5,709,559 | ) |   |   | (5,709,559 | ) |
| Balance at December 31, 2010                                                                                                    |   |            | 10,000,000        |   |            | $      | 10,000 |         |   |   | 1,796,817  |   |   | $                         | 1,797                   |    |                                       | $      | 9,619,173 |   |   | $ | (12,510,742 | ) |   | $ | (2,879,772 | ) |
| Common stock issuedfor  conversion ofconvertible notes and accrued interest                                           |   |            |              |   |            |   |   |         |   |   | 21,808,544 |   |   |                      | 21,809                  |    |                                       |   | 36,632 |   |   |   |   |   |   |   | 58,441 |   |
| Common stock issued for services                                                                                                |   |            |              |   |            |   |   |         |   |   | 3,706      |   |   |                      | 4                       |    |                                       |   | 102,496 |   |   |   |   |   |   |   | 102,500 |   |
| Warrants issued for services                                                                                                    |   |            |              |   |            |   |   |         |   |   |       |   |   |                      |                    |    |                                       |   | 483,583 |   |   |   |   |   |   |   | 483,583 |   |
| Net  income                                                                                                           |   |            |              |   |            |   |   |         |   |   |       |   |   |                      |                    |    |                                       |   |   |   |   |   | 2,370,583 |   |   |   | 2,370,583 |   |
| Balance at March 31, 2011 (unaudited)                                                                                           |   |            | 10,000,000        |   |            | $      | 10,000 |         |   |   | 23,609,067 |   |   | $                         | 23,610                  |    |                                       | $      | 10,241,884 |   |   | $ | (10,140,159 | ) |   | $ | 135,335 |   |

----

|                                                                                      |   | For the Three Months Ended March 31, 2011 |       |     | For the Three Months Ended March 31, 2010 |   |       | For the Period from September 3, 2009 (Inception) to March 31, 2011 |   |
|-------------------------------------------------------------------------------------------|--------|-----------------------------------------------------|------------|----------|-------------------------------------------|--------|------------|---------------------------------------------------------------------|--------|
|                                                                                      |   |                                                |       |     |                                      |   |       |                                                                |   |
| CASH FLOWS FROM OPERATING ACTIVITIES:                                                     |   |                                                |       |     |                                      |   |       |                                                                |   |
| Net Income ( loss)                                                                        |   | $                                                   | 2,370,583  |     |                                      |   | 2,071,522  |                                                                |   |   | (10,140,159 | ) |
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities: |   |                                                |       |     |                                      |   |       |                                                                |   |   |   |   |
| Depreciation                                                                              |   |                                                | 17,957     |     |                                      |   | 7,407      |                                                                |   |   |                 34,572 |   |
| Amortization of discount on convertible notes payable                                     |   |                                                | 9,638      |     |                                      |   | -          |                                                                |   |   | 43,439 |   |
| Change in fair value of derivatives liability                                             |   |                                                | (3,333,490 | )        |                                      |   | (2,408,648 | )                                                                   |   |   | (90,092 | ) |
| Common stock and warrants issued for services                                             |   |                                                | 586,084    |     |                                      |   | 42,500     |                                                                |   |   | 8,044,097 |   |
| Changes in operating assets and liabilities:                                              |   |                                                |       |     |                                      |   |       |                                                                |   |   |   |   |
| Inventory                                                                                 |   |                                                | -          |     |                                      |   | (200       | )                                                                   |   |   | (72,768 | ) |
| Prepaid expenses and other current assets                                                 |   |                                                | (33,257    | )        |                                      |   | 58,186     |                                                                |   |   | (111,261 | ) |
| Deposits                                                                                  |   |                                                | 33,228     |     |                                      |   | (2,920     | )                                                                   |   |   | (36,468 | ) |
| Accounts payable and accrued expenses                                                     |   |                                                | (5,426     | )        |                                      |   | (79,661    | )                                                                   |   |   | 98,969 |   |
| Accrued interest                                                                          |   |                                                | 2,602      |     |                                      |   | -          |                                                                |   |   | 9,870 |   |
| Net Cash Used in Operating Activities                                                     |   |                                                | (352,081   | )        |                                      |   | (311,814   | )                                                                   |   |   | (2,219,801 | ) |
|                                                                                      |   |                                                |       |     |                                      |   |       |                                                                |   |   |   |   |
| CASH FLOWS FROM INVESTING ACTIVITIES:                                                     |   |                                                |       |     |                                      |   |       |                                                                |   |   |   |   |
| Purchase of office and computer equipment                                                 |   |                                                | -          |     |                                      |   | (1,681     | )                                                                   |   |   | (36,368 | ) |
| Purchase of Electric Charging Stations                                                    |   |                                                | (107,289   | )        |                                      |   | -          |                                                                |   |   | (262,379 | ) |
| Net Cash Used in Investing Activities                                                     |   |                                                | (107,289   | )        |                                      |   | (1,681     | )                                                                   |   |   | (298,747 | ) |
|                                                                                      |   |                                                |       |     |                                      |   |       |                                                                |   |   |   |   |
| CASH FLOWS FROM FINANCING ACTIVITIES                                                      |   |                                                |       |     |                                      |   |       |                                                                |   |   |   |   |
| Proceeds from convertible notes payable                                                   |   |                                                | -          |     |                                      |   | -          |                                                                |   |   | 100,000 |   |
| Proceeds from  notes payable to stockholder                                     |   |                                                | 125,000    |     |                                      |   |       |                                                                |   |   | 125,000 |   |
| Sale of common stock, net of issuing costs                                                |   |                                                | -          |     |                                      |   | -          |                                                                |   |   | 2,333,046 |   |
| Net Cash Provided By Financing                                                            |   |                                                | 125,000    |     |                                      |   | -          |                                                                |   |   | 2,558,046 |   |
|                                                                                      |   |                                                |       |     |                                      |   |       |                                                                |   |   |   |   |
| NET CHANGE IN CASH                                                                        |   |                                                | (334,370   | )   |                                      |   | (313,495   | )                                                              |   |   | 39,498 |   |
|                                                                                      |   |                                                |       |     |                                      |   |       |                                                                |   |   |   |   |
| CASH AT BEGINNING OF PERIOD                                                               |   |                                                | 373,868    |     |                                      |   | 603,156    |                                                                |   |   | - |   |
| CASH AT END OF PERIOD                                                                     |   | $                                                   | 39,498     |     |                                      | $      | 289,661    |                                                                |   | $ | 39,498 |   |
|                                                                                      |   |                                                |       |     |                                      |   |       |                                                                |   |   |   |   |
| SUPPLEMENTAL SCHEDULE OF CASH FLOW ACTIVITIES –Cash Paid For:                       |   |                                                |       |     |                                      |   |       |                                                                |   |   |   |   |
| Interest expenses                                                                         |   | $                                                   | -          |     |                                      |   | -          |                                                                |   | $ | 0 |   |
| Income taxes                                                                              |   | $                                                   | -          |     |                                      |   | -          |                                                                |   |   | - |   |
|                                                                                      |   |                                                |       |     |                                      |   |       |                                                                |   |   |   |   |
| NONCASH INVESTING AND FINANCING ACTIVITIES:                                               |   |                                                |       |     |                                      |   |       |                                                                |   |   |   |   |
| Common stock issued for debt and accrued interest                                         |   | $                                                   | 58,441     |     |                                      | $      | 4,600      |                                                                |   | $ | 567,871 |   |
| Inventory reclassified to Property and Equipment                                          |   | $                                                   | 0          |     |                                      |   | -          |                                                                |   | $ | 72,768 |   |

----

----

----

----

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |   | 2011       |   |   |   | 2010       |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|------------|--------|--------|--------|------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |   |       |   |   |   |       |   |
| Convertible notes issued on September 25, 2009                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |   | 12,400,000 |   |   |   | 34,000,000 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |   |       |   |   |   |       |   |
| Preferred stock issued on December 7, 2009                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   |   | 25,000,000 |   |   |   | 25,000,000 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |   |       |   |   |   |       |   |
| Warrants issued on December 7, 2009                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   |   | 76,000     |   |   |   | 76,000     |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |   |       |   |   |   |       |   |
| Warrants issued on April 1, 2010                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |   | 55,000     |   |   |   |       |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |   |       |   |   |   |       |   |
| Warrants issued on April 12, 2010                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |   | 5,000      |   |   |   |       |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |   |       |   |   |   |       |   |
| Warrants issued on April 27, 2010                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |   | 440,000    |   |   |   |       |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |   |       |   |   |   |       |   |
| Warrants issued on May 5, 2010                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |   | 3,834      |   |   |   |       |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |   |       |   |   |   |       |   |
| Warrants issued on August 25, 2010                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |   | 1,043,433  |   |   |   |       |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |   |       |   |   |   |       |   |
| Warrants issued on February 17, 2011                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |   | 31,111     |   |   |   |       |   |
|                                                                                         Total Potential Dilutive Shares |   |   | 39,054,378 |   |   |   | 59,076,000 |   |

----

----

----

----

|        a)   | At March 31, 2011, the Company entered into a three (3) year lease for office space at approximately $132,480  per year, with an option to renew for an additional three years at approximately $137,655 per year. |
|------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|    b)  | During November, 2009, the Company entered into a two (2) year financial consulting agreement with an entity that is owned by its CEO, that obligates the Company to remit $10,000 per month , 5% of any capital arranged and $500 for each introduction to a partner/landowner who allows the installation of the Company’s EV devices together with up to 20,000 warrants to acquire common stock at $15.00 per share and 5% of the generated revenue from the usage of those units installed; this commitment aggregated to $240,000 plus a $75,000 bonus, and derivative liability of $23,083. |
|-----------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  c)   | At December 31, 2010, pursuant to a public relations agreement the Company is committed for one year to payments that aggregate to $7,000 per month and issuance of up to $1,500 worth of shares of common stock per month; this contracts is subject to cancellation on one month’s notice. |
|----------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

----

----

|                                 | CAR CHARGING GROUP, INC.                                            |   |
|--------------------------------------|---------------------------------------------------------------------|--------|
|                                 |                                                                |   |
|                                 | By:   /s/ Michael D. Farkas                               |   |
|   Date:  May 23, 2011 | Michael D. FarkasChief Executive OfficerPrincipal Executive Officer |   |
|                                 |                                                                |   |
|                                 | By: /s/ Richard Adeline                                        |   |
|                                 | Richard AdelineChief Financial Officer                              |   |

----