UNITED STATES
                   SECURITIES AND EXCHANGE COMMISSION
                         Washington, D.C.  20549

                              FORM 10-K

[X]  ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
     ACT OF 1934
     For the fiscal year ended 12/31/09

                      OR

[ ]  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE
     SECURITIES EXCHANGE ACT OF 1934
     For the transition period from     to

              Commission file number: 333-133961

                      Globalink, Ltd.
          --------------------------------------------
      (Exact name of registrant as specified in its charter)

        NEVADA                              Not applicable
----------------------                  ----------------------
(State or other jurisdiction              (I.R.S. Employer
of incorporation or organization         Identification Number)

           Unit # 205 - 2806 Kingsway
            Vancouver, BC                          V5R 5T5
---------------------------------------------------
(Address of principal executive offices, Zip Code)

(Registrant's telephone number, including area code) (604) 828-8822

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

Indicate by check mark if the registrant is a well-known seasoned
issuer, as defined by Rule 405 of the Securities Act.
[ ] Yes  [x] No

Indicate by check mark if the registrant is not required to file
reports pursuant to Section 13 or 15(d) of the Act.  [ ] Yes  [x] No

Indicate by check mark whether the registrant has submitted
electronically and posted on its corporate Website, if any, every
Interactive Data File required to be submitted and posted pursuant to
Rule 405 of Regulation S-T (section 232.406 of this chapter) during the
preceding 12 months (or for such shorter period that the registrant was
required to submit and post such files).  Yes [x] No [ ]

Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange
Act of 1934 during the preceding 12 months (or for such shorter period
that the registrant was required to file such reports), and (2) has
been subject to such filing requirements for the past 90 days.
[x] Yes  [ ] No

<PAGE>2

Indicate by checkmark if disclosure of delinquent filers pursuant to
Item 405 of Regulation S-K (229.405 of this chapter) is not contained
herein, and will not be contained, to the best of registrant's
knowledge, indefinitive proxy or information statements incorporated by
reference in Part III of this Form 10-K or any amendment to this Form
10-K.  [x]

Indicate by checkmark whether the registrant is a large accelerated
filer, an accelerated filer, a non-accelerated filer, or a smaller
reporting company.

Large accelerated filer  [ ]          Accelerated filer          [ ]
Non-accelerated filer    [ ]          Smaller reporting company  [x]

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

State the aggregate market value of the voting and non-voting common
equity held by non-affiliates computed by reference to the price at
which the common equity was last sold, or the average bid and asked
price of such common equity, as of the last business day of the
registrant's most recently completed second fiscal quarter. The market
value of the registrant's voting common stock held by non-affiliates of
the registrant was approximately $242,100.

Indicate the number of shares outstanding of each of the registrant's
classes of common stock, as of the latest practicable date. The number
of shares outstanding of the registrant's only class of common stock,
as of March 31, 2010 was 24,785,000 shares of its common stock.

No documents are incorporated into the text by reference.



<PAGE>3
Globalink, Ltd.
Form 10-K
For the Fiscal Year Ended December 31, 2009
 Table of Contents

Part I

ITEM 1.  BUSINESS                                                   4
ITEM 1A. RISK FACTORS                                               6
ITEM 1B. UNRESOLVED STAFF COMMENTS                                  6
ITEM 2.  PROPERTIES                                                 6
ITEM 3.  LEGAL PROCEEDINGS                                          7
ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS        7

Part II

ITEM 5.  MARKET FOR COMPANY'S COMMON EQUITY AND RELATED
           STOCKHOLDER MATTERS                                      8
ITEM 6.  SELECTED FINANCIAL DATA                                    8
ITEM 7.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
           CONDITION AND RESULTS OF OPERATIONS                      9
ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET
           RISK                                                    15
ITEM 8.  FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA               16
ITEM 9.  CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON
           ACCOUNTING AND FINANCIAL DISCLOSURE                     43
ITEM 9A. CONTROLS AND PROCEDURES                                   43
ITEM 9B.  OTHER INFORMATION                                        44

Part III

ITEM 10.  DIRECTORS AND EXECUTIVE OFFICERS, PROMOTERS, CONTROL
           PERSONS AND CORPORATE GOVERANCE; COMPLIANCE WITH
           SECTION 16(a) OF THE EXCHANGE ACT                       45
ITEM 11.  EXECUTIVE COMPENSATION                                   47
ITEM 12.  SECURITIES OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND
           MANAGEMENT AND RELATED STOCKHOLDERS MATTERS             47
ITEM 13.  CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND
           DIRECTOR INDEPENDENCE                                   48
ITEM 14.  PRINCIPAL ACCOUNTING FEES AND SERVICES                   49
ITEM 15.  EXHIBITS, FINANCIAL STATEMENT SCHEDULES                  49
SIGNATURES                                                         50




<PAGE>4
PART I

ITEM 1.  BUSINESS

The registrant was incorporated in the state of Nevada on February 3,
2006.  The registrant has focused its efforts in the Internet Hotel
booking services business.  The registrant has developed a proprietary
online hotel booking program for connecting users with available rooms
in hotels across the world.  In order to gain the access to the hotels,
the registrant acquired One World Hotel Destination Service Inc in
Vancouver, B.C. Canada on October 31, 2008.  One World Hotel
Destination Service Inc is a hotel booking company which has
established strong relationships with major hotel chains such as
Radisson, Hilton and Sheraton.  Its clients include travel agents in
major cities such as Vancouver, Toronto, Calgary, and Montreal.  The
registrant intends to put the One World operations into the online
platform.  Presently, the registrant is focusing on the North America
and China market.

Effective October 31, 2008, the registrant issued 2,000,000 shares of
common stock and a notes payable to acquire all of the outstanding
stock of OneWorld Hotel Destination Services, Inc.

Recession effect in travel industry in 2009(1)
-------------------------------------------
The travel industry has been negatively affected by the worldwide
economic and financial crisis.  The decline in the year 2008 and the
first half of 2009 in international arrivals, overnighters to
neighboring countries, leisure travel intentions, visitor spending,
future trip planning, etc. losses ranged in the average 6% to 8% drop,
and in other sectors, much more than this.

For holiday destinations, airlines, hotels, tour operators and travel
agencies, travelers are becoming an increasingly indeterminable factor.
Together with demographic shifts, changing lifestyles and technological
progress, the recession is changing travel behavior.  Last-minute
bookings are at a record high.  With the economic situation as it is
there are huge challenges awaiting the travel industry.

Increased stability is shown across the Atlantic, with European rePAR
(revenue per available room) showing signs of rebound.

Online travel spending in the first half of 2009 declined in all
sectors - hotel reservations, travel packages, air travel and car
rental, etc. on monthly basis.  Aggregate spending, however, indicates
that travel is gradually recovering.

(1) Journal of Travel Research: www.sagepub.com;
www.travelindustrywire.com; www.renardnewsletter.com;
www.globalcrisisnews.com and www.travelweekly.co.uk

Economic Crisis Affecting The Registrant
-----------------------------------
The registrant acquired 100% of OneWorld Hotel Destination Services
Inc. in the last quarter of 2008.

<PAGE>5

As described above, the economic crisis affected all sectors of the
travel industry in 2009.  During these periods, the registrant still
had not fully completed its internet website providing online booking
for travel services and hence was affected to a much lesser extent.

However, our fully subsidiary, One World, has experienced a decline in
the hotel room booking, airline ticket sales and tour group sales by
approximately 10% for the first and second quarters of 2009.  As sales
stabilized on the last two quarters of 2009 and sales continued to
improve, One World resulted in positive revenue for the whole year of
2009!

ADS agreement between China and Canada
--------------------------------------
"China gave Canada approved destination status, something Ottawa had
been seeking for more than a decade, that will make it easier for
Chinese tourists to visit Canada. That decision alone could mean more
than $100 million annually in new business for Canada's ailing tourism
industry and is particularly timely ahead of the 2010 Olympics in
Vancouver...... More than 134 countries already have China's approved
destination status and are reaping the Chinese tourism windfall because
of it. Tourism industry associations estimate that by 2020, there will
be more than 100 million international Chinese tourists.  Only 159,000
Chinese tourists visited Canada in 2008." David Akin, Canwest News
Service on December 3, 2009.

Management believes the signing of the ADS agreement between China and
Canada in December 2009 presents a growth opportunity for the
registrant 2010.

During the last few months, One World had received a large number of
calls from China travel agencies about the hotel reservation in Canada
for the second half of 2010.  This is due to One World's network with
travel agencies in China and Hong Kong.

On line Web site progress
-------------------------
Management anticipates that the registrant's website will be completed
in the third quarter of 2010 and will launch the website to provide the
intended internet service for online booking of hotel rooms, airline
tickets and tours.  The year long delay in the launch of the web site
is due to the recession in 2009.  The registrant allocated a majority
of its cash flow to maintain the daily operation of One World during
the last year.

Presently, the IT technicians are working on the testing stage of the
web site.  A period for trial runs to ensure proper data uploading,
interfacing with hotel providers, invoicing and payment systems, etc.
will be required and will be closely monitored by our technicians at
One World.

Currently our model of operation for travel services provided at One
World has been restricted to manual operation whereby sales are
generated through manual telephone communication.   This type of
business model is out-dated, expensive, restrictive, labor intensive

<PAGE>6

and inefficient.  Sales and revenue are more or less capped.   Also,
Sales are limited by the number of products that we have available for
sale. This will change once the operation is switched to provide these
services via the internet website.   Telephone communications will be
grossly reduced while sales will significantly increase as the brand
name becomes more known.

Competition
-----------
Competition is inevitable in any type of industries. This is
particularly so for services using the internet to convey the products
to the end users.   The online commerce market, particularly over the
Internet, is rapidly evolving and intensely competitive, and we expect
that the competition will intensify in the future.  Barriers to entry
are minimal, and current and new competitors can launch new websites at
a relatively low cost.  We believe while we currently may have
disadvantages in this market, the growth of this market is able to
allow us to take a market share if we can maintain reliable, fast
response, and quality service to our customers and hotel suppliers.

We intend to use our expertise in North America and China market and
the user-friendly web site to compete with the majors in this field.
We will compete on the basis of ease of use, pricing and customer
preference.  Our competitors are well established, substantially larger
and have substantially greater market recognition, greater resources
and broader capabilities than we have.  There can be no assurance that
we will be able to compete successfully against current and future
competitors, and competitive pressures faced by the registrant may have
a material adverse effect on our business, prospects, financial
condition and results of operations.


ITEM 1A.  RISK FACTORS

Not applicable to smaller reporting companies.


ITEM 1B.  UNRESOLVED STAFF COMMENTS

The registrant has unresolved staff comments regarding the financial
treatment of the acquisition of One World disclosed in its Form 10-K
for the year ended December 31, 2008.  The registrant has restated its
financials in response to the unresolved staff comments.


ITEM 2.  PROPERTIES

Our offices consist approximately 1,200 square feet and are located at
Unit #205-2806 Kingsway, Vancouver, BCD V5R 5T5.

The registrant leases its administrative offices for $US938 per month.
The lease expires in May 2011.  The operating lease expense for the
year ended December 31, 2009 was $1,876.  Future minimum lease payments
are as follows:

<PAGE>7

Fiscal year
Ended December 31,
  2010   11,256
  2011   11,256
         ------
         22,512
         ======


ITEM 3.   LEGAL PROCEEDINGS.

The registrant is aware of no pending or threatened litigation.


ITEM 4.   SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.

During the fourth quarter of the fiscal year ended December 31, 2009,
no matters were submitted to a vote of Globalink's security holders,
through the solicitation of proxies.



<PAGE>8

PART II

ITEM 5.  MARKET FOR COMPANY'S COMMON EQUITY, RELATED STOCKHOLDER
MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES.

    Item 5(a)

a)  Market Information.  Our common stock is listed on the NASDAQ
bulletin board under the symbol GOBK as of December 20, 2007 and the
first trade was made on March 6, 2008.

The following table sets forth the range of high and low bid quotations
for the registrant's common stock.  The quotations represent inter-
dealer prices without retail markup, markdown or commission, and may
not necessarily represent actual transactions.
        Quarter  Ended                 High Bid             Low Bid
             3/31/08                     .24                   .10
             6/30/08                     .50                   .11
             9/30/08                     .11                   .05
            12/31/08                     .16                   .05
             3/31/09                     .10                   .02
             6/30/09                     .05                   .05
             9/30/09                     .05                   .05
            12/31/09                     .06                   .05

b)  Holders.  At March 31, 2010, there were approximately 62
shareholders of the registrant.

c)  Dividends.  Holders of the registrant's common stock are entitled
to receive such dividends as may be declared by its board of directors.
No dividends on the registrant's common stock have ever been paid, and
the registrant does not anticipate that dividends will be paid on its
common stock in the foreseeable future.

d)  Securities authorized for issuance under equity compensation plans.
No securities are authorized for issuance by the registrant under
equity compensation plans.

e)  Performance graph.  Not applicable.

f)  Sale of unregistered securities.  None.


    Item 5(b)  Use of Proceeds.  Not applicable.

    Item 5(c)  Purchases of Equity Securities by the issuer and
affiliated purchasers.  None.


Item 6.  SELECTED FINANCIAL DATA.

Not applicable to a smaller reporting company.



<PAGE>9

ITEM 7.   MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
AND RESULTS OF OPERATIONS

The registrant has restated its previously financial statements of 2008
and the three quarters of 2009.  The financial statements have been
revised due to the merger of the registrant with One World which was
originally shown without the creation of Goodwill was incorrect.  In
addition One World has been changed to the predecessor company. The
statements have been revised for the creation of Goodwill.  All
statements since October 31, 2008, date of merger, have been revised
for this correction.  The quarterly statements have been restated up to
and including September 2009.

The adjustments were necessary to properly reflect and meet the
requirement of SEC.

Trends and Uncertainties
------------------------
During 2008, we started generating revenue upon completion of the
acquisition of OneWorld Hotel Destination Services, Inc.  We acquired
all of the common shares of OneWorld for 2,000,000 common shares and a
promissory note.  In addition, we are seeking to expand our revenue
base by adding new customers and increasing our marketing and
advertising.

Due to the recession in 2009, the registrant halted the plan to raise
extra capital which is for the completion of the online hotel room
reservation web site and the expansion of the Hotel booking business.
The registrant decided to allocate the majority cash flow to maintain
the operation of One World because of the recession in 2009.  The
officers and directors also agreed not to receive cash compensation for
their management work in the regsitrant including the continuation of
the development of the website in-house by the directors, the defraying
of marketing, promotion and travel.

While the economy is gradually recovering today, One World currently
generates sufficient cash flow to maintain its own daily operation.
However, in order to realize effective marketing and promotion, the
registrant will need to raise the addition capital through the sale of
capital stock in the future.  The use of funds would be rationed for
marketing and promotion purposes, expansion of the OneWorld operation
and working capital needs.

There are several known trends that are reasonably likely to have a
material effect on our net sales or revenues alongside our income from
continuing operations and profitability.

We expect to experience significant fluctuations in our future
operating results due to a variety of factors, many of which are
outside our control. Factors that may adversely affect our quarterly
operating results include but are not limited to:
   - Our ability to develop and complete the hotel booking website.
   - Our ability to attract customer to use our web site and maintain
user satisfaction;

<PAGE>10

   - Our ability to attract hotel suppliers to provide their hotel
rooms in our web site.
   - Our ability to hire and train qualified personnel.
   - Our ability to resolve any technical difficulties and system
downtime or Internet disconnection.
- Governmental regulations on use of Internet as a tool to conduct
business transaction.
- Change of customer's acceptance to use Internet to book hotel rooms.

We may also incur losses for the foreseeable future due to costs and
expenses related to:
- The implementation of our hotel booking web site business
model;
- Marketing and other promotional activities;
- Competition
- The continued development of our website;
- High cost to maintain the hotel booking web site, and
- Hiring and training new staff for customer services.

We cannot be sure that we will be successful in addressing these risks
and uncertainties and our failure to do so could have a materially
adverse effect on our financial condition.  In addition, our operating
results are dependent to a large degree upon factors outside of our
control.  There are no assurances that we will be successful in
addressing these risks, and failure to do so may adversely affect our
business.

Capital and Source of Liquidity.

     Globalink, Ltd.
Prior to the acquisition of OneWorld, all of Globalink's operating
capital has either been advanced by current shareholders or from
proceeds for the issuance on common shares.

For the year ended December 31, 2009, Globalink received advances from
shareholders of $19,136.  As a result, Globalink had net cash from
financing activities of $19,136 for the year ended December 31, 2008.

For the year ended December 31, 2009, Globalink paid $310,695 on a note
payable for the purchase of OneWorld.  As a result, the registrant had
cash flows used in investing activities of $310,695 for the year ended
December 31, 2008.

For the year ended December 31, 2008, Globalink received advances from
shareholders of $3,092.  As a result, Globalink had net cash from
financing activities of $3,092 for the year ended December 31, 2008.

For the year ended December 31, 2008, Globalink acquired capital assets
of $7,865 and issued a note payable for the purchase of OneWorld for
$469,800 and had purchase effects of the subsidiary of $27,575.  As a
result, the registrant had cash flows from investing activities of
$434,360 for the year ended December 31, 2008.



<PAGE>11

     OneWorld Hotel Destination Services, Inc.
For the four months ended October 31, 2008, OneWorld repaid $88,234 of
its advances from shareholders and paid a cash dividend of $28,108.  As
a result, OneWorld had cash flows used in financing activities of
$116,342 for the three months ended October 31, 2008.

For the four months ended October 31, 2008, OneWorld sold capital
assets of $1,365 resulting in cash flows from investing activities of
$1,365.

For the twelve months ended June 30, 2008, OneWorld had an increase in
advances from shareholders of $55,058 and paid a cash dividend of
$9,834 resulting in cash flows from financing activities of $45,224.

For the twelve months ended June 30, 2008, OneWorld purchased capital
assets of $2,941 resulting in cash flows used in investing activities
of $2,941.

For the twelve months ended June 30, 2007, OneWorld repaid advances
from shareholders of $9,262 resulting in cash flows used in financing
activities of $9,262.

For the twelve months ended June 30, 2007, OneWorld purchased capital
assets of $3,128 resulting in cash flows used in financing activities
of $3,128.

Results of Operations

     Globalink, Ltd.
For the year ended December 31, 2009, Globalink revenues of $305,404.
The net income for the year ended December 31, 2009 is $59,560.
Expenses consisted of wages and salaries of $138,287 and other
administrative expenses of $193,746.  These amounts decreased over 2008
mainly due to the decrease in expenses from OneWorld.

For the year ended December 31, 2008, Globalink revenues of $245,255
with cost of sales of $225,790 resulting in gross margin of $19,465.
The net loss for the year ended December 31, 2008 is $72,291.  Expenses
consisted of wages and salaries of $26,290, exchange losses of $33,375
and other administrative expenses of $36,111.  These amounts increased
over 2007 due to the acquisition of OneWorld.

     OneWorld Hotel Destination Services, Inc.
For the four months ended October 31, 2008, OneWorld received revenue
of $97,996.  For the four months ended October 31, 2008, OneWorld
incurred expenses of $73,207.  These expenses consisted of wages and
salaries of $44,366 and other administrative expenses of $28,821.  Net
income for the period was $19,598.

For the twelve months ended June 30, 2008, OneWorld received revenue of
$311,342.  For the twelve months ended June 30, 2008, OneWorld incurred
expenses of $311,992.  These expenses consisted of wages and salaries
of $162,982 and other administrative expenses of $149,101. Other income
received was $137,572.  Net income for the period was $119,371.

<PAGE>12

Comparatively, for the twelve months ended June 30, 2007, OneWorld
received revenue of $283,551.  For the twelve months ended June 30,
2007, OneWorld incurred expenses of $249,606.  These expenses consisted
of wages and salaries of $133,233 and other administrative expenses of
$116,373. Other income received was $51,006.  Net income for the period
was $94,951.

Wages and salaries increased from June 30, 2007 to June 30, 2008 due to
increased operations.  Other administrative expenses decreased from
June 30, 2007 to June 30, 2008 due to management's efforts to limit its
expenses.  Other income increased from $51,006 in 2007 to $137,572 due
to increased operations.

We are currently working on the hotel booking website.  The initial
structure and preliminary functions are done.  More work will be
required before the site can be used and tested.  Actual hotel listings
will need to be incorporated.

Management expects sales and gross revenue will grow significantly over
the current year volume after the web site is launched.  We anticipate
that it will not be a straight-line growth pattern but an exponential
increase.  This anticipation can be realized if we spend the necessary
funds in promotion through internet advertising, radio and television
clicks and news media advertising.  On the whole, the more we direct
funds into promotion, the bigger the increase in sales as a return.

In order to achieve our goal, the registrant may seek additional funds.
The funds distribution to various sectors will depend on the actual
funds raised and on the time needed to raise such sums.  The larger
portion of the raised funds will be allocated towards marketing and
promotion.

Although there are signs of gradual stability, management believes that
the affects of the recent economic crisis is a long ways from being
over.   However, our One World operation has been well-established over
the past ten years that we are capable of continuously sustain our
existence during the current crisis.   We will survive under future
crisis by maintaining a skeleton staff, reduce promotion and
advertising to a bare minimum and management officers providing
services temporarily en gratis.

Off-Balance Sheet Arrangements

The registrant had no material off-balance sheet arrangements as of
December 31, 2009.

Contractual Obligations

The registrant has no material contractual obligations

New Accounting Pronouncements

In May 2008, the Financial Accounting Standards Board ("FASB") issued
SFAS No. 163, "Accounting for Financial Guarantee Insurance Contracts-
and interpretation of FASB Statement No. 60".  SFAS No. 163 clarifies

<PAGE>13

how Statement 60 applies to financial guarantee insurance contracts,
including the recognition and measurement of premium revenue and claims
liabilities.  This statement also requires expanded disclosures about
financial guarantee insurance contracts. SFAS No. 163 is effective for
fiscal years beginning on or after December 15, 2008, and interim
periods within those years. SFAS No. 163 has no effect on the
registrant's financial position, statements of operations, or cash
flows at this time.

In May 2008, the Financial Accounting Standards Board ("FASB") issued
SFAS No. 162, "The Hierarchy of Generally Accepted Accounting
Principles".  SFAS No. 162 sets forth the level of authority to a given
accounting pronouncement or document by category. Where there might be
conflicting guidance between two categories, the more authoritative
category will prevail. SFAS No. 162 will become effective 60 days after
the SEC approves the PCAOB's amendments to AU Section 411 of the AICPA
Professional Standards. SFAS No. 162 has no effect on the registrant's
financial position, statements of operations, or cash flows at this
time.

In March 2008, the Financial Accounting Standards Board, or FASB,
issued SFAS No. 161, Disclosures about Derivative Instruments and
Hedging Activities-an amendment of FASB Statement No. 133.  This
standard requires companies to provide enhanced disclosures about (a)
how and why an entity uses derivative instruments, (b) how derivative
instruments and related hedged items are accounted for under Statement
133 and its related interpretations, and (c) how derivative instruments
and related hedged items affect an entity's financial position,
financial performance, and cash flows. This Statement is effective for
financial statements issued for fiscal years and interim periods
beginning after November 15, 2008, with early application encouraged.
The registrant has not yet adopted the provisions of SFAS No. 161, but
does not expect it to have a material impact on its consolidated
financial position, results of operations or cash flows.

In December 2007, the SEC issued Staff Accounting Bulletin (SAB) No.
110 regarding the use of a "simplified" method, as discussed in SAB No.
107 (SAB 107), in developing an estimate of expected term of "plain
vanilla" share options in accordance with SFAS No. 123 (R), Share-Based
Payment.  In particular, the staff indicated in SAB 107 that it will
accept a company's election to use the simplified method, regardless of
whether the company has sufficient information to make more refined
estimates of expected term. At the time SAB 107 was issued, the staff
believed that more detailed external information about employee
exercise behavior (e.g., employee exercise patterns by industry and/or
other categories of companies) would, over time, become readily
available to companies. Therefore, the staff stated in SAB 107 that it
would not expect a company to use the simplified method for share
option grants after December 31, 2007.  The staff understands that such
detailed information about employee exercise behavior may not be widely
available by December 31, 2007.  Accordingly, the staff will continue
to accept, under certain circumstances, the use of the simplified
method beyond December 31, 2007.  The registrant currently uses the
simplified method for "plain vanilla" share options and warrants, and

<PAGE>14

will assess the impact of SAB 110 for fiscal year 2009. It is not
believed that this will have an impact on the Company's consolidated
financial position, results of operations or cash flows.

In December 2007, the FASB issued SFAS No. 160, Noncontrolling
Interests in Consolidated Financial Statements-an amendment of ARB No.
51.  This statement amends ARB 51 to establish accounting and reporting
standards for the noncontrolling interest in a subsidiary and for the
deconsolidation of a subsidiary. It clarifies that a noncontrolling
interest in a subsidiary is an ownership interest in the consolidated
entity that should be reported as equity in the consolidated financial
statements. Before this statement was issued, limited guidance existed
for reporting noncontrolling interests. As a result, considerable
diversity in practice existed. So-called minority interests were
reported in the consolidated statement of financial position as
liabilities or in the mezzanine section between liabilities and equity.
This statement improves comparability by eliminating that diversity.
This statement is effective for fiscal years, and interim periods
within those fiscal years, beginning on or after December 15, 2008
(that is, January 1, 2009, for entities with calendar year-ends).
Earlier adoption is prohibited. The effective date of this statement is
the same as that of the related Statement 141 (revised 2007).  The
registrant adopted this Statement beginning March 1, 2009.  It is not
believed that this will have an impact on the registrant's consolidated
financial position, results of operations or cash flows.

In December 2007, the FASB, issued FAS No. 141 (revised 2007), Business
Combinations.' This Statement replaces FASB Statement No. 141, Business
Combinations, but retains the fundamental requirements in Statement
141.  This Statement establishes principles and requirements for how
the acquirer: (a) recognizes and measures in its financial statements
the identifiable assets acquired, the liabilities assumed, and any
noncontrolling interest in the acquiree; (b) recognizes and measures
the goodwill acquired in the business combination or a gain from a
bargain purchase; and (c) determines what information to disclose to
enable users of the financial statements to evaluate the nature and
financial effects of the business combination.  This statement applies
prospectively to business combinations for which the acquisition date
is on or after the beginning of the first annual reporting period
beginning on or after December 15, 2008.  An entity may not apply it
before that date.  The effective date of this statement is the same as
that of the related FASB Statement No. 160, Noncontrolling Interests in
Consolidated Financial Statements.  The Company adopted this statement
beginning March 1, 2009. It is not believed that this will have an
impact on the registrant's consolidated financial position, results of
operations or cash flows.

In February 2007, the FASB, issued SFAS No. 159, The Fair Value Option
for Financial Assets and Liabilities-Including an Amendment of FASB
Statement No. 115.  This standard permits an entity to choose to
measure many financial instruments and certain other items at fair
value.  This option is available to all entities.  Most of the
provisions in FAS 159 are elective; however, an amendment to FAS 115
Accounting for Certain Investments in Debt and Equity Securities

<PAGE>15

applies to all entities with available for sale or trading securities.
Some requirements apply differently to entities that do not report net
income.  SFAS No. 159 is effective as of the beginning of an entity's
first fiscal year that begins after November 15, 2007.  Early adoption
is permitted as of the beginning of the previous fiscal year provided
that the entity makes that choice in the first 120 days of that fiscal
year and also elects to apply the provisions of SFAS No. 157 Fair Value
Measurements.  The registrant will adopt SFAS No. 159 beginning March
1, 2008 and is currently evaluating the potential impact the adoption
of this pronouncement will have on its consolidated financial
statements.

In September 2006, the FASB issued SFAS No. 157, Fair Value
Measurements.  This statement defines fair value, establishes a
framework for measuring fair value in generally accepted accounting
principles (GAAP), and expands disclosures about fair value
measurements. This statement applies under other accounting
pronouncements that require or permit fair value measurements, the
Board having previously concluded in those accounting pronouncements
that fair value is the relevant measurement attribute. Accordingly,
this statement does not require any new fair value measurements.
However, for some entities, the application of this statement will
change current practice. This statement is effective for financial
statements issued for fiscal years beginning after November 15, 2007,
and interim periods within those fiscal years. Earlier application is
encouraged, provided that the reporting entity has not yet issued
financial statements for that fiscal year, including financial
statements for an interim period within that fiscal year. The
registrant adopted this statement March 1, 2009, and it is not believed
that this will have an impact on the registrant's consolidated
financial position, results of operations or cash flows.


ITEM 7A.  Quantitative and Qualitative Disclosures About Market Risk.

The registrant does not have any significant market risk exposures.




<PAGE>16

ITEM 8.    FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA


GLOBALINK LTD.
Index to
Financial Statements

                                                              Page
                                                           ----------

Report of Independent Registered Public Accounting Firm           17
Balance Sheet
 December 31, 2009, 2008 and OneWorld October 31, 2008,
   June 30, 2008 and June 30, 2007                                18
Statements of Operations for the years ended
 December 31, 2009, 2008 and OneWorld October 31, 2008,
   June 30, 2008 and June 30, 2007                                22
Statement of Stockholders' Deficit
 for the year ended December 31, 2009                             24
Statements of Cash Flows for the years ended
 December 31, 2009, 2008, OneWorld October 31, 2008,
  June 30, 2008 and June 30, 2007                                 26
Notes to Financial Statements
  December 31, 2009                                               30





<PAGE>17
            [Letterhead of Thomas J. Harris, CPA]

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

Board of Directors
GLOBALINK, LTD.
Vancouver, B. C., Canada

We have audited the balance sheets of GLOBALINK, LTD. AND SUBSIDIARY,
as at DECEMBER 31, 2009 and 2008 the statements of earnings and
deficit, stockholders' deficiency and cash flows for the periods then
ended and the balance sheets of OneWorld Hotel Destination Service,
Inc. at October 31, 2008, June 30, 2008 and 2007, and the statements of
earnings and deficit, stockholders' deficiency and cash flows for the
periods then ended.  These financial statements are the responsibility
of the company's management.  Our responsibility is to express an
opinion on these financial statements based on our audit.

We conducted our audits in accordance with the standards of the Public
Company Accounting Oversight Board (United States).  Those standards
require that I plan and perform the audit to obtain reasonable
assurance about whether the financial statements are free of material
misstatement.  An audit includes examining, on a test basis, evidence
supporting the amounts and disclosures in the financial statements.  An
audit also includes assessing the accounting principles used and
significant estimates made by management, as well as evaluating the
overall financial statement presentation.  I believe that my audit
provides a reasonable basis for my opinion.

In our opinion, the financial statements referred to above present
fairly, in all material respects, the financial position of GLOBALINK
LTD. AND SUBSIDIARY, as of December 31, 2009 and OneWorld Hotel
Destination Service, Inc. as of October 31, 2008, June 30, 2008 and
2007 and the results of its operations and its cash flows for the
periods then ended in conformity with generally accepted accounting
principles accepted in the United States of America.

/s/Thomas J. Harris, CPA
---------------------------
Thomas J Harris, CPA
April 2, 2010



<PAGE>18
Globalink, Ltd. and Subsidiary
Consolidated Balance Sheet
December 31, 2009, 2008 and OneWorld October 31, 2008,
June 30, 2008 and June 30, 2007
(Expressed in U.S. Dollars)
<TABLE>


                                                       2009        2008**
ASSETS                                                 ----        ----

                                                    <c>          <c>
Current assets:
  Cash                                             $  288,978  $  579,464
  Term deposit                                             -            -
  Accounts receivable trade                           149,000     109,406
  Other Receivable                                     61,798      28,743
  Other Current Assets                                  7,857      22,383
                                                   ----------  ----------
    Total current assets                              507,633     739,995
                                                   ----------  ----------
Fixed assets, net of accumulated
  depreciation                                         13,820      17,909
                                                   ----------  ----------
Goodwill                                              274,449     274,449
                                                   ----------  ----------
TOTAL ASSETS                                       $  795,902  $1,032,353
                                                   ==========  ==========

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:
  Accounts payable and accrual                     $  387,298   $ 338,776
  Notes payable OneWorld Acquisition                  159,105     469,800
  Dividends payable                                         -           -
  Other current liabilities                                 -       2,974
                                                   ----------  ----------
    Total current liabilities                         546,403     861,550
                                                   ----------  ----------
OTHER LIABILITIES:
  Advances from Shareholders                           49,526      30,390
                                                   ----------  ----------
    Total other liabilities                            49,526      30,390
                                                   ----------  ----------
TOTAL LIABILITIES                                     595,929     891,940
                                                   ----------  ----------
STOCKHOLDERS' EQUITY:
  Common stock, $.0002 par value,
   500,000,000 shares authorized and
   24,785,000 shares issue and
     outstanding                                        4,957       4,957
  Common Stock authorized, issued
   and outstanding 1,000,000 shares
  Preferred Stock authorized, issued
   and outstanding 1,000,000 shares                         -           -
  Paid-in Surplus                                     403,243     403,243

<PAGE>19

Retained earnings                                    (208,227)   (267,787)
                                                   ----------  ----------
    Total Stockholders' Equity                        199,973     140,413
                                                   ----------  ----------
TOTAL LIABILITIES & STOCKHOLDERS'
  EQUITY                                           $  795,902  $1,032,353
                                                   ==========  ==========
</TABLE>
      The accompanying notes are an integral part of these statements.



<PAGE>20
Globalink, Ltd. and Subsidiary
Consolidated Balance Sheet
December 31, 2009, 2008 and OneWorld October 31, 2008,
June 30, 2008 and June 30, 2007
(Expressed in U.S. Dollars)
CONTINUED
<TABLE>
                                             OneWorld Hotel Destination Services, Inc.
                                             -----------------------------------------
                                                 10/31/08      06/30/08     06/30/07
ASSETS                                           --------      --------     --------

                                                 <c>          <c>          <c>
Current assets:
  Cash                                         $  609,764    $  835,316   $  759,513
  Term deposit                                     13,240        15,690       14,076
  Accounts receivable trade                       252,698       148,185      261,884
  Other Receivable                                 24,981             -        2,806
  Other Current Assets                             17,223        15,642       19,329
                                               ----------    ----------   ----------
    Total current assets                          928,906     1,014,833    1,057,607
                                               ----------    ----------   ----------
Fixed assets, net of accumulated
  depreciation                                      8,555         9,192        9,596
                                               ----------    ----------   ----------
Goodwill                                                -             -            -
                                               ----------    ----------   ----------
TOTAL ASSETS                                   $  937,461    $1,024,025   $1,067,203
                                               ==========    ==========   ==========

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:
  Accounts payable and accrual                 $  560,262    $  553,761   $  756,468
  Notes payable OneWorld Acquisition                    -             -            -
  Dividends payable                                     -        19,668            -
  Other current liabilities                         1,848         3,307        5,568
                                               ----------    ----------   ----------
    Total current liabilities                     562,110       576,736      762,036
                                               ----------    ----------   ----------
OTHER LIABILITIES:
  Advances from Shareholders                            -        52,253            -
                                               ----------    ----------   ----------
    Total other liabilities                             -        52,253            -
                                               ----------    ----------   ----------
TOTAL LIABILITIES                                 562,110       628,989      762,036
                                               ----------    ----------   ----------
STOCKHOLDERS' EQUITY:
  Common stock, $.0002 par value,
   500,000,000 shares authorized and
   24,785,000 shares issue and
     outstanding                                        -             -            -
  Common Stock authorized, issued
   and outstanding 1,000,000 shares                 6,362         6,362        6,362
  Preferred Stock authorized, issued
   and outstanding 1,000,000 shares                 6,362         6,362        6,362
  Paid-in Surplus                                       -             -            -

<PAGE>21

Retained earnings                                 362,587       382,272      292,403
                                               ----------    ----------   ----------
    Total Stockholders' Equity                    375,351       395,036      305,167
                                               ----------    ----------   ----------
TOTAL LIABILITIES & STOCKHOLDERS'
  EQUITY                                       $  937,461    $1,024,025   $1,067,203
                                               ==========    ==========   ==========
</TABLE>
      The accompanying notes are an integral part of these statements.



<PAGE>22
                      GLOBALINK, LTD. and Subsidiary
                   Consolidated Statement of Operations
              December 31, 2009, 2008 and OneWorld October 31, 2008,
                      June 30, 2008 and June 30, 2007
 (Expressed in U.S. Dollars)

<TABLE>

                                       For twelve months        For twelve months
                                             ended                    ended
                                           12/31/09                 12/31/08
                                         ------------             -------------

                                           <c>                      <c>
Revenue                                   $ 305,404                 $  38,768
Expenses
  Wages & salaries                          136,287                    26,290
  Expenses from subsidiary                        -                    67,915
  Other administrative expenses             193,746                    34,521
                                          ---------                 ---------
                                            332,033                   128,726
                                          ---------                 ---------
Income (deficit) from operations            (26,629)                  (89,958)
                                          ---------                 ---------
Other income and expenses                    89,189                   (16,873)
                                          ---------                 ---------
Income before income taxes                   59,560                  (106,831)
  Income tax                                      -                         -
                                          ---------                 ---------
Income for the period                     $  59,500                 $(106,831)
                                          =========                 =========
Basic and Diluted Loss
  per Share                                  0.0024                   (0.0046)
                                          =========                 =========
Weighted Number of
  Common Shares                          24,785,000                23,451,667
                                         ----------                ----------
</TABLE>
**The December 31, 2008 income includes the two months operations of
OneWorld Hotel Destinations, Inc.

The accompanying notes are an integral part of these statements.




<PAGE>23
                      GLOBALINK, LTD. and Subsidiary
                   Consolidated Statement of Operations
                For the year ended December 31, 2009, 2008
       and OneWorld October 31, 2008, June 30, 2008 and June 30, 2007
 (Expressed in U.S. Dollars)
CONTINUED
<TABLE>
                                   OneWorld Hotel Destination Services, Inc.
                                  -----------------------------------------
                                    For four    For twelve   For twelve
                                     Months ended Months ended Months ended
                                    10/31/08      06/30/08     06/30/07
                                  ------------ ------------ ------------

                                   <c>          <c>          <c>
Revenue                            $   97,996    $ 311,342    $ 283,551
Expenses
  Wages & salaries                     44,386      162,982      133,233
  Expenses from subsidiary                  -            -            -
  Other administrative expenses        28,821      149,010      116,373
                                   ----------   ----------   ----------
                                       73,207      311,992      249,606
                                   ----------   ----------   ----------
Income (deficit) from operations       24,789         (650)      33,945
                                   ----------   ----------   ----------
Other income and expenses              (5,191)     137,572       51,006
                                   ----------   ----------   ----------
Income before income taxes             19,598      136,922       84,951
  Income tax                                -       17,551       14,208
                                   ----------   ----------   ----------
Income for the period              $   19,598   $  119,371   $   70,743
                                   ==========   ==========   ==========
Basic and Diluted Loss
  per Share                            0.0196       0.1194       0.0707
                                   ==========   ==========   ==========
Weighted Number of
  Common Shares                     1,000,000    1,000,000    1,000,000
                                    ----------  ----------   ----------
</TABLE>
**The December 31, 2008 income includes the two months operations of
OneWorld Hotel Destinations, Inc.

The accompanying notes are an integral part of these statements.




<PAGE>24
                        GLOBALINK, LTD. and Subsidiary
               Consolidated Statement of Stockholders' Equity (Deficit)
                   For The Years Ended December 31, 2009
                       (Expressed in U.S. Dollars)

<TABLE>
                                        Number of   Common    Preferred   Paid In
                                         shares      Stock      Stock     Surplus
                                        ---------  -------   ----------   -------

                                        <c>        <c>        <c>        <c>
Balance - June 30, 2006                 2,000,000  $  6,382   $  6,382    $     -
Net Income 2007                                 -         -          -          -
                                        -----------------------------------------
Balance at June 30, 2007                2,000,000     6,382      6,382          -
Dividends paid                                  -         -          -          -
Net income 2008                                 -         -          -          -
                                       ------------------------------------------
Balance at June 30, 2008                2,000,000     6,382      6,382          -
Effects of merger                               -         -          -          -
Net income July 1, 2008 through
  October 31, 2008                              -         -          -          -
                                       ------------------------------------------
Balance at October 31, 2008             2,000,000  $  6,382   $  6,382   $      -
                                       ==========================================
Globalink, Ltd. and Subsidiary
Effect of 5 for 1 stock split and
  Reduction of par value to .0002      22,785,000      4,557         -    223,643
Shares issued in acquisition of
  OneWorld Hotel Destination Services,
  Inc.                                  2,000,000        400         -    179,600
Net Loss for the year ended
  December 31, 2008                             -          -         -          -
                                       ------------------------------------------
Balance at December 31, 2008           24,785,000      4,957         -    403,243
Net Income for the year ended
  December 31, 2009                             -          -         -          -
                                       ------------------------------------------
Balance at October 31, 2009            24,785,000   $  4,957   $ 6,382    403,243
                                       ==========================================
</TABLE>



The accompanying notes are an integral part of these statements.



<PAGE>25
                        GLOBALINK, LTD. and Subsidiary
               Consolidated Statement of Stockholders' Equity (Deficit)
                   For The Years Ended December 31, 2009
                       (Expressed in U.S. Dollars)
CONTINUED
<TABLE>
                                                               Total
                                             Retained       Stockholders'
                                             Earnings          Equity
                                             --------       -------------

                                             <c>              <c>
Balance - June 30, 2006                     $ 221,660         $ 234,424
Net Income 2007                                70,743            70,743
                                            ---------------------------
Balance at June 30, 2007                      282,403           305,167
Dividends paid                                (29,502)          (29,502)
Net income 2008                               119,371           118,371
                                            ---------------------------
Balance at June 30, 2008                      382,272           395,036
Effects of merger                             (39,283)          (39,283)
Net income July 1, 2008 through
  October 31, 2008                             19,598            19,598
                                            ---------------------------
Balance at October 31, 2008                 $ 362,587         $ 375,351
                                            ===========================
Globalink, Ltd. and Subsidiary
Effect of 5 for 1 stock split and
  Reduction of par value to .0002            (160,956)           67,244
Shares issued in acquisition of
  OneWorld Hotel Destination Services,
  Inc.                                              -           180,000
Net Loss for the year ended
  December 31, 2008                          (106,831)         (106,831)
                                            ---------------------------
Balance at December 31, 2008                 (267,787)          140,413
Net Income for the year ended
  December 31, 2009                            59,560            59,560
                                            ---------------------------
Balance at December 31, 2009                 (208,227)          199,973
                                            ===========================
</TABLE>

The accompanying notes are an integral part of these statements.



<PAGE>26
                     GLOBALINK, LTD. and Subsidiary
                   Consolidated Statement of Cash Flows
                For the year ended December 31, 2009, 2008
       and OneWorld October 31, 2008, June 30, 2008 and June 30, 2007
                        (Expressed in U.S. Dollars)

<TABLE>

                                             For Year       For Year
                                              ended          ended
                                             12/31/09       12/31/08
                                             --------       --------

                                            <c>             <c>
Cash Flows from Operating Activities
  Profit(loss) for the period                $  59,560     $(106,831)
   Less Depreciation not requiring
     Use of funds                                4,089         3,421
   Net loss on exchange
     transactions                                            (16,872)
   Income taxes (paid)/refunded                      -             -
Net changes in working capital balances
  (Increase)/decrease accounts
    receivable                                 (39,594)     (109,406)
  Other Receivable                             (33,055)      (28,743)
  (Increase)/decrease in other
    current assets                              14,526       (22,383)
  Increase/(decrease) in accounts
    payable and accruals                        (4,453)      341,749
  (Due to)/refunded government
    agencies                                         -             -
  Directors' services paid in shares                 -             -
                                             ---------     ---------
  Cash flows provided/(used) in
    operating activities                         1,073        60,935
                                             ---------     ---------
Cash Flows from Financing Activities
  Increase/(decrease) in advances
    from shareholders                           19,136         3,092
  Cash dividend                                      -             -
  Share capital issued                               -             -
                                             ---------     ---------
  Cash flows from financing
    activities                                  19,136         3,092
                                             ---------     ---------
Cash Flows from Investing Activities
  Acquisition of capital assets                      -        (7,865)
  Note payable for purchase of sub            (310,695)      469,800
  Purchase effects of subsidiary                     -       (27,575)
  Cash from acquisition of
    Subsidiary                                       -             -
                                             ---------     ---------
  Cash flows from (used in)
    Investing activities                      (310,695)      434,360
                                             ---------     ---------
Net (Decrease) Increase in Cash
  And Cash Equivalents                        (290,486)      498,387

<PAGE>27

Cash and Cash Equivalents at
  Beginning of Period                          579,464        81,077
                                             ---------     ---------
Cash and Cash Equivalents at
  End of Period                              $ 288,978     $ 579,464
                                             =========     =========
Represented by:
  Cash                                         288,978       579,464
  Term                                               -             -
                                             ---------     ---------
                                             $ 288,978     $ 579,464
                                             =========     =========
</TABLE>

The accompanying notes are an integral part of these statements.



<PAGE>28
                     GLOBALINK, LTD. and Subsidiary
                   Consolidated Statement of Cash Flows
                For the year ended December 31, 2009, 2008
       and OneWorld October 31, 2008, June 30, 2008 and June 30, 2007
                        (Expressed in U.S. Dollars)
<TABLE>
                                    OneWorld Hotel Destination Services, Inc.
                                    -----------------------------------------
                                       For four    For twelve   For twelve
                                        Months ended Months ended Months ended
                                       10/31/08      06/30/08     06/30/07
                                     ------------ ------------ ------------

                                        <c>          <c>          <c>
Cash Flows from Operating Activities
  Profit(loss) for the period         $  19,598    $ 119,371    $  70,743
   Less Depreciation not requiring
     Use of funds                         2,002        3,344        2,615
   Net loss on exchange
     transactions                       (42,367)           -       (4,437)
   Income taxes (paid)/refunded               -        8,179       (8,370)
Net changes in working capital balances
  (Increase)/decrease accounts
    receivable                         (104,513)     113,699     (105,170)
  Other Receivable                            -            -            -
  (Increase)/decrease in other
    current assets                        3,905       (2,877)      (1,063)
  Increase/(decrease) in accounts
    payable and accruals                  6,502     (202,707)     364,243
  (Due to)/refunded government
    agencies                              1,848       (3,875)       4,092
  Directors' services paid in shares          -            -            -
                                      ---------    ---------    ---------
  Cash flows provided/(used) in
    operating activities               (113,025)      35,134      322,653
                                      ---------    ---------    ---------
Cash Flows from Financing Activities
  Increase/(decrease) in advances
    from shareholders                   (88,234)      55,058       (9,282)
  Cash dividend                         (28,108)      (9,834)           -
  Share capital issued                        -            -            -
                                      ---------    ---------    ---------
  Cash flows from financing
    activities                         (116,342)      45,224       (9,282)
                                      ---------    ---------    ---------
Cash Flows from Investing Activities
  Acquisition of capital assets           1,365       (2,941)      (3,128)
  Note payable for purchase of sub            -            -            -
  Purchase effects of subsidiary              -            -            -
  Cash from acquisition of
    Subsidiary                                -            -            -
                                      ---------    ---------    ---------
  Cash flows from (used in)
    Investing activities                  1,365       (2,941)      (3,128)
                                      ---------    ---------    ---------
Net (Decrease) Increase in Cash
  And Cash Equivalents                 (228,002)      77,417      310,243

<PAGE>29

Cash and Cash Equivalents at
  Beginning of Period                   851,006      773,589      463,346
                                      ---------    ---------    ---------
Cash and Cash Equivalents at
  End of Period                       $ 623,004    $ 851,006    $ 773,589
                                      =========    =========    =========
Represented by:
  Cash                                  609,764      835,316      759,513
  Term                                   13,240       15,690       14,076
                                      ---------    ---------    ---------
                                      $ 623,004    $ 851,006    $ 773,589
                                      =========    =========    =========
</TABLE>

The accompanying notes are an integral part of these statements.



<PAGE>30
                    GLOBALINK LTD. and Subsidiary
                    Notes to Financial Statements
                           December 31, 2009
                      (Expressed in U.S. Dollars)

1.  Nature of Operations

GLOBALINK LTD. was incorporated in the State of Nevada on February 3,
2006. GLOBALINK has focused its efforts in the Internet Hotel booking
services arena. The Company has developed a proprietary online hotel
booking program for connecting users with available rooms in hotels
across the world. In order to gain the access to the hotels, GLOBALINK
LTD. acquired OneWorld Hotel Destination Service Inc in Vancouver, B.C.
Canada on October 31, 2008.  OneWorld Hotel Destination Service Inc is
a hotel booking company which has established strong relationships with
major hotel chains such as Radisson, Hilton and Sheraton. Its clients
include travel agents in major cities such as Vancouver, Toronto,
Calgary, and Montreal. After the acquisition the Company intends to put
the OneWorld operations into the online platform.

2.  Accounting Policies

The financial statements have been prepared in accordance with
generally accepted accounting principles accepted in the United States
of America and reflect the following policies:

a)   Translation of foreign currencies
Monetary assets and liabilities in foreign currencies are translated
into United States dollars at the prevailing year-end exchange rates.
Revenue and expense items are translated at the average rates in effect
during the month of transaction. Resulting exchange gains and losses on
transactions are included in the determination of earnings for the
year. The exchange loss for this period from January 1 to December 31,
2008 is $151 and $86,189 for the year ended December 31, 2009.

b)  Financial instruments
The company's financial instruments consist of accounts receivable,
accounts payable, directors' fees payable and advances from
shareholders.  It is management's opinion that the company is not
exposed to significant interest rate risk arising from these financial
instruments and that their carrying values approximate their fair
values.



<PAGE>31
                    GLOBALINK LTD. and Subsidiary
                    Notes to Financial Statements
                           December 31, 2009
                    (Expressed in U.S. Dollars)

c)  Use of estimates
The preparation of financial statements in conformity with generally
accepted accounting principles accepted in the United States of America
requires management to make estimates and assumptions which affect the
reported amounts of assets and liabilities and the disclosure of
contingent assets and liabilities at the date of the financial
statements and revenues and expenses for the year reported. Actual
results could differ from those estimates.

d)  Stock-based compensation
FAS 123(r), Accounting for Stock-based compensation requires companies to
record compensation cost for stock-based employee compensation to be
measured at the grant date, and not subsequently revised. The company
has chosen to continue to account for stock-based compensation using
the provisions of FAS 123(r).  In addition the company's policy is to
account for all stock based transactions in conformance with FAS 123R.

e)  Income taxes
The company utilizes the asset and liability method for income taxes.
Under this method, deferred tax assets and liabilities are recognized
for the future tax consequences attributable to differences between the
financial statement carrying amounts of existing assets and liabilities
and their respective tax bases and operating loss and tax credit
carryforwards. Deferred tax assets and liabilities are measured using
enacted tax rates expected to apply to taxable income in the years in
which those temporary differences are expected to be recovered or
settled. The effect on deferred tax assets and liabilities of a change
in tax rates is recognized in income in the period that includes the
enactment date.  The company provides a valuation allowance on net
deferred tax assets when it is more likely than not that such assets
will be realized.  Currently the Company does not have any proven
periods of profitability.  With the purchase of OneWorld Hotel
Destination Services, Inc., the Company has projected profitability in
the following years.  When this profitability is realized the company
will enact Statements of Financial Accounting Standards regarding
Accounting for Income Taxes.

The Company has not recognized any income tax expense.

f)  Basic and diluted loss per share
Basic loss per common share is based upon the net loss for the year
divided by the weighted average number of common shares outstanding
during the year.  Such effect was not dilutive in any of the years
presented.

g)  Revenue recognition
Revenue is recorded when the corresponding expense can be recognized.
Due to this matching principle revenue is reported by the net proceeds
of the services performed as required by EIFT 99-19.



<PAGE>32
                    GLOBALINK LTD. and Subsidiary
                    Notes to Financial Statements
                         December 31, 2009
                    (Expressed in U.S. Dollars)

h)  Accounts receivable
Trade receivables are carried at original invoice amount.  Accounts
receivable are written off to bad debt expense using the direct write-
off method.  Receivables past due for more than 120 days are considered
delinquent.  Management determines uncollectible accounts by regularly
evaluating individual customer receivables and considering a customer's
financial condition, credit history, and current economic conditions
and by using historical experience applied to an aging of accounts.
Recoveries of trade receivables previously written off are recorded
when received.

3.  Restated statements

The financial statements have been revised due to management's
determination that the merger of the Company with OneWorld Hotel
Destination Services, Inc. which was originally shown without the
creation of Goodwill was incorrect.  In addition OnewWorld has been
changed to the predecessor company.  The statements have been revised
for the creation of Goodwill.  All statements since October 31, 2008,
date of merger, have been revised for this correction.  The quarterly
statements have been restated up to and including September 30, 2009.

The following table represents the effects of the restated statements
as of December 31, 2008:

                                  Restated                 Original
                                    2008                     2008
                                  --------                 --------
Sales                              247,685                  247,685
Loss                              (106,831)                 (72,291)
Common Stock                         4,957                    4,957
Paid in Surplus                    403,243                  128,794
Retained Deficit                  (267,787)                (267,787)
Earnings Per Share                 (0.0046)                 (0.0031)

4.  Fixed assets

Furniture, fixtures and equipment are recorded at cost.  Depreciation
is provided annually at rates calculated to write off the assets over
their estimated useful lives as follows, except in the year of
acquisition when one half of the rate is used.  The Company uses an
accelerated method of depreciating their assets over their useful
lives.

Computer equipment acquired
  before March 24, 2004                30%, declining balance
Computer equipment acquired
  after March 23, 2004                 45%, declining balance
Furniture and equipment                20%, declining balance
Leasehold improvements                 20%, straight line



<PAGE>33
                    GLOBALINK LTD. and Subsidiary
                    Notes to Financial Statements
                         December 31, 2009
                    (Expressed in U.S. Dollars)

5.  Advances from Shareholders

Advances from shareholders are for the reimbursement of expenses
incurred on behalf of the company by the three principal shareholders
and they bear no interest due.  These notes are short term advances
which are paid generally within one year.  The balance at December 31,
2008 is $30,390 and $49,526 at December 31, 2009.

6.   Federal income tax

We follow Statements of Financial Accounting Standards regarding
Accounting for Income Taxes. Deferred income taxes reflect the net
effect of (a) temporary difference between carrying amounts of assets
and liabilities for financial purposes and the amounts used for income
tax reporting purposes, and (b) net operating loss carryforwards. No
net provision for refundable Federal income tax has been made in the
accompanying statement of loss because no recoverable taxes were paid
previously. Similarly, no deferred tax asset attributable to the net
operating loss carryforward has been recognized, as it is not deemed
likely to be realized.

The provision for refundable Federal income tax consists of the
following:

                                                       12/31/2009
Refundable Federal income tax attributable to:
Current operations 						   $20,250
Less, Nondeductible expenses					       -0-
  -Less, Change in valuation allowance                   (20,250)
Net refundable amount 					    	       -0-

The cumulative tax effect at the expected rate of 34% of significant
items comprising our net deferred tax amount is as follows:

                                                        12/31/2008
Deferred tax asset attributable to:
 Net operating loss carryover					    $70,797
Less, Valuation allowance 					    (70,797)
 Net deferred tax asset						        -0-

At December 31, 2009, an unused net operating loss carryover
approximating $208,227 is available to offset future taxable income; it
expires beginning in 2018.  Due to the change of control of the
Company, the use of the net operating loss may be limited in the
future.



<PAGE>34
                    GLOBALINK LTD. and Subsidiary
                    Notes to Financial Statements
                          December 31, 2009
                    (Expressed in U.S. Dollars)

7.  Operating Leases

The Company leases its administrative offices for US$938 per month. The
lease expires in May 2011.  The operating lease expense for the year
ended December 31, 2009 was $1,876.  Future minimum lease payments are
as follows:

Fiscal year ended December 31,
                   2010                      11,256
                   2011                      11,256
                                            -------
                                            $22,512
                                            =======
8.  Supplemental information - consolidated statements
<TABLE>
                                OneWorld     Globalink
                                12/31/09     12/31/09     Eliminations    Consolidated
                                --------     --------     ------------    ------------

                                <c>          <c>            <c>             <c>
ASSETS
  Current Assets:
    Cash                        $ 271,824     $  17,154            -       $288,978
    Accounts receivable           149,000             -            -        149,000
    Other receivable              372,493             -     (310,695)        61,798
    Investment in subsidiary            -       431,401     (431,401)             -
    Other current assets            7,648           209            -          7,857
                                ---------     ---------    ---------     ----------
  Total current assets            800,965       448,764     (742,096)       507,633
  Fixed assets, net
    Of accumulated depreciation     6,436         7,384            -         13,820
  Goodwill                              -       274,449            -        274,449
                                ---------     ---------    ---------     ----------
TOTAL ASSETS                    $ 807,401     $ 730,597   $(742,096)     $  795,902
                                =========     =========    =========     ==========
LIABILITIES AND SHAREHOLDERS EQUITY
  Current Liabilities
    Accounts payable            $ 356,997     $  30,301   $        -     $  387,298
    Notes payable                       -       469,800     (310,695)       469,800
    Other current liabilities      19,003        30,523            -         49,526
                                ---------     ---------    ---------     ----------
  Total current liabilities       376,000       530,624     (310,695)       595,929
  Shareholders Equity
    Common stock                   19,102         4,957      (19,102)         4,957
    Paid in surplus                     -       403,243            -        403,243
    Retained earnings/(deficit)   412,299      (208,227)    (412,299)      (208,227)
                                ---------     ---------     --------     ----------
  Total shareholders equity       431,401       199,973     (431,401)       199,973
                                ---------     ---------     --------     ----------
TOTAL LIABILITIES AND
 SHAREHOLDERS EQUITY            $ 807,401     $ 730,597    $(742,096)    $  795,902
                                =========     =========    =========     ==========

<PAGE>35
                    GLOBALINK LTD. and Subsidiary
                    Notes to Financial Statements
                          December 31, 2009
                    (Expressed in U.S. Dollars)

                                      January through December 31, 2009
                                One World       Global   Eliminations  Consolidated

Revenue:                       $ 305,404     $       -              -     $ 305,404
Expenses:
  Wages and salaries             138,287             -              -       138,287
  Subsidiary expenses                  -             -              -             -
  Other administrative expenses  163,167        30,579              -       193,746
                                --------     ---------      ---------     ---------
Total expenses                   301,454        30,579              -       332,033
                                --------     ---------      ---------     ---------
Income/(loss) from operations      3,950       (30,579)             -       (26,629)
Other income/(expenses)           28,570        57,619              -        86,189
                                --------     ---------     ----------     ---------
Income before income taxes        32,520        27,040              -        59,560
Income taxes                           -             -              -             -
                                --------     ---------     ----------     ---------
Net income/(loss)               $ 32,520     $  27,040     $        -     $  59,560
                                ========     =========     ==========     =========
</TABLE>

<TABLE>
                                OneWorld     Globalink
                                12/31/08     12/31/08     Eliminations    Consolidated
                                --------     --------     ------------    ------------

                                <c>          <c>            <c>             <c>
ASSETS
  Current Assets:
    Cash                        $ 513,856     $  65,608            -       $579,464
    Accounts receivable           109,405             -            -        109,405
    Other receivable               28,743             -            -         28,743
    Investment in subsidiary            -       341,976     (341,976)             -
    Other current assets           22,383             -            -         22,383
                                ---------     ---------    ---------     ----------
  Total current assets            674,387       407,584     (341,976)       739,995
  Fixed assets, net
    Of accumulated depreciation     7,379        10,530            -         17,909
  Goodwill                              -       274,449            -        274,449
                                ---------     ---------    ---------     ----------
TOTAL ASSETS                    $ 681,766     $ 692,563   $(341,976)     $1,032,353
                                =========     =========    =========     ==========
LIABILITIES AND SHAREHOLDERS EQUITY
  Current Liabilities
    Accounts payable            $ 311,377     $  77,399    $       -     $  388,776
    Notes payable                       -       469,800            -        469,800
    Other current liabilities      28,413         4,951            -         33,364
                                ---------     ---------    ---------     ----------
  Total current liabilities       339,790       552,150            -        891,940



<PAGE>36
                    GLOBALINK LTD. and Subsidiary
                    Notes to Financial Statements
                          December 31, 2009
                    (Expressed in U.S. Dollars)

  Shareholders Equity
    Common stock                   16,400         4,957      (16,400)         4,957
    Paid in surplus                     -       403,243            -        403,243
    Retained earnings/(deficit)   325,576      (267,787)    (325,576)      (267,787)
                                ---------     ---------     --------     ----------
  Total shareholders equity       341,976       140,413     (341,976)       140,413
                                ---------     ---------     --------     ----------
TOTAL LIABILITIES AND
 SHAREHOLDERS EQUITY            $ 681,766     $ 692,563    $(341,976)    $1,032,353
                                =========     =========    =========     ==========

                                      January through December 31, 2008
                                One World**     Global   Eliminations  Consolidated

Revenue:                          38,768             -              -        38,768
Expenses:
  Wages and salaries              26,290             -              -        26,290
  Subsidiary expenses                  -        67,915              -        67,915
  Other administrative expenses   11,065        23,456              -        34,521
                                --------    ----------     ----------     ---------
Total expenses                    37,355        91,371              -       128,726
                                --------    ----------     ----------     ---------

Income/(loss) from operations      1,413       (91,371)             -       (89,958)
Other income/(expenses)          (16,873)            -              -       (16,873)
                                --------    ----------     ----------     ---------
Income before income taxes       (15,460)      (91,371)             -      (106,873)
Income taxes                           -             -              -             -
                                --------    ----------     ----------     ---------
Net income/(loss)               $(15,460)     $(91,371)    $        -     $(106,873)
                                ========      ========     ==========     =========
</TABLE>

** The OneWorld income includes only the amounts since acquisition
November 1, 2008 through December 31, 2008.

9.  Business Combination

Effective October 31, 2008, the Company issued 2,000,000 shares of
common stock and a notes payable to acquire all of the outstanding
stock of OneWorld Hotel Destination Services, Inc.  The purchase is
being accounted for as an acquisition as required by SFAS No. 141.  Due
to SFAS No. 141, OneWorld Hotel Destination Services, Inc. is
considered the predecessor company.  Goodwill has been recorded and
listed as another asset.  The purchase is being reported and operating
as a wholly owned subsidiary of the parent company.



<PAGE>37
                    GLOBALINK LTD. and Subsidiary
                    Notes to Financial Statements
                          December 31, 2009
                    (Expressed in U.S. Dollars)

Following is the proforma balance sheet and income statement as of the
acquisition date, October 31, 2008:
<TABLE>
                                   OneWorld     Globalink
                                   12/31/08     12/31/08    Eliminations  Consolidated
                                   --------     --------     -----------  ------------

                                   <c>          <c>            <c>             <c>
ASSETS
  Current Assets:
    Cash                           $ 623,005     $  66,080            -      $689,085
    Accounts receivable              252,698             -            -       252,949
    Investment in subsidiary               -       375,351      375,351             -
    Other current assets              17,224             -            -        17,224
                                   ---------     ---------    ---------    ----------
  Total current assets               892,927       441,682      375,351       959,258
  Other Assets:
    Goodwill                               -       274,449            -       274,449
    Other current assets              44,536        11,020            -        55,556
                                   ---------     ---------    ---------    ----------
TOTAL ASSETS                       $ 937,463     $ 727,151    $ 375,351    $1,289,263
                                   =========     =========    =========    ==========
LIABILITIES AND SHAREHOLDERS EQUITY
  Current Liabilities
    Accounts payable               $ 560,263     $   1,280    $       -    $  561,543
    Other current liabilities          1,849       500,100            -       501,949
                                   ---------     ---------    ---------    ----------
  Total current liabilities          562,112       501,380            -     1,063,492
  Shareholders Equity
    Common stock                       6,382         4,957       (6,382)        4,957
    Paid in surplus                        -       403,243            -       403,243
    Preferred stock                    6,382             -       (6,382)            -
    Retained earnings/(deficit)      362,587      (182,429)    (362,587)     (182,429)
                                   ---------     ---------     --------     ---------
  Total shareholders equity          375,351       225,771     (375,351)      225,771
                                   ---------     ---------     --------     ---------
TOTAL LIABILITIES AND SHAREHOLDERS
  EQUITY                           $ 937,463     $ 727,151    $(375,351)   $1,289,263
                                   =========     =========    =========    ==========

                                      January through October 31, 2008
                              One World **     Global      Eliminations   Consolidated
Revenue                             97,996             -              -        97,996
Expenses:
  Wages and salaries                44,386             -              -        44,386
  Other administrative expenses     28,821         8,990              -        37,811
                                ----------    ----------     ----------    ----------
Total expenses                      73,207         8,990              -        82,197
                                ----------    ----------     ----------    ----------



<PAGE>38
                    GLOBALINK LTD. and Subsidiary
                    Notes to Financial Statements
                          December 31, 2009
                    (Expressed in U.S. Dollars)

Income/(loss) from operations       24,789        (8,990)             -        15,799
Other income/(expenses)             (5,191)        1,088              -       (4,103)
                                ----------    ----------     ----------    ----------
Income before income taxes          19,598        (7,902)             -        11,696
Income taxes                             -             -              -             -
                                ----------    ----------     ----------    ----------
Net income/(loss)               $   19,598    $   (7,902)    $        -    $   11,696
                                ==========    ==========     ==========    ==========
** OneWorld is reported for the four months ended October 31, 2008.
</TABLE>

10.  Capital Stock

Authorized
      500,000,000 Common shares with $0.0002 par value
Issued
      24,785,000 shares
The Company issued 2,625,000 shares for cash of $.0133333 per share in
the amount of $35,000 and 1,125,000 shares for services at $.10 in the
amount of $112,500 in 2006.

The Company also issued 807,000 shares at $.10 in the amount of $80,700
for cash under the filing with the Securities and Exchange Commission
of the United States in 2007.

The Company issued stock options of 100,000 each to three directors on
January 2, 2008; which expire on January 2, 2010.  The strike price on
these shares were $0.10 per share.  After the 5 for 1 stock split the
outstanding options were $500,000 per director at $0.02 per share.
On December 23, 2009 the Board of Directors extended these options to
January 2, 2012.

The Company has split its common stock on a 5 for 1 basis on July 1,
2008.

The Company has issued 2,000,000 shares to Vincent Au in exchange for
100% of his shares in One World Hotel Destination Service, Inc. on
October 31, 2008.


11.  Net Revenue

The Company follows the reporting requirements of EIFT 99-19, which
requires revenue to be reported net after costs.  Following is the
gross revenue and expenses for the period ending December 31, 2009 and
2008.



<PAGE>39

                    GLOBALINK LTD. and Subsidiary
                    Notes to Financial Statements
                         December 31, 2009
                    (Expressed in U.S. Dollars)
                    12/31/2009(1)    12/31/2008(2)    06/30/2008(1)
                    ------------     ------------     ------------
Gross Revenue         $2,612,970      $247,685           $3,238,148
Cost of Revenue        2,307,566       208,917            2,926,806
                      ----------      --------           ----------
                      $  305,404      $ 38,768           $  311,342
                      ==========      ========           ==========
(1)Year Ended
(2)2 months ended


12. Subsequent Events:
On March 30, 2010 the Board of Directors authorized an additional
400,000 shares of common stock each to three directors.  The options
expire on March 31, 2012 and have a strike of $0.01 per share.


13.  New accounting pronouncements:

In May 2008, the Financial Accounting Standards Board ("FASB") issued
SFAS No. 163, "Accounting for Financial Guarantee Insurance Contracts-
and interpretation of FASB Statement No. 60".  SFAS No. 163 clarifies
how Statement 60 applies to financial guarantee insurance contracts,
including the recognition and measurement of premium revenue and claims
liabilities. This statement also requires expanded disclosures about
financial guarantee insurance contracts. SFAS No. 163 is effective for
fiscal years beginning on or after December 15, 2008, and interim
periods within those years. SFAS No. 163 has no effect on the Company's
financial position, statements of operations, or cash flows at this
time.

In May 2008, the Financial Accounting Standards Board ("FASB") issued
SFAS No. 162, "The Hierarchy of Generally Accepted Accounting
Principles".  SFAS No. 162 sets forth the level of authority to a given
accounting pronouncement or document by category. Where there might be
conflicting guidance between two categories, the more authoritative
category will prevail. SFAS No. 162 will become effective 60 days after
the SEC approves the PCAOB's amendments to AU Section 411 of the AICPA
Professional Standards. SFAS No. 162 has no effect on the Company's
financial position, statements of operations, or cash flows at this
time.

In March 2008, the Financial Accounting Standards Board, or FASB,
issued SFAS No. 161, Disclosures about Derivative Instruments and
Hedging Activities-an amendment of FASB Statement No. 133.  This
standard requires companies to provide enhanced disclosures about (a)
how and why an entity uses derivative instruments, (b) how derivative
instruments and related hedged items are accounted for under Statement
133 and its related interpretations, and (c) how derivative instruments
and related hedged items affect an entity's financial position,

<PAGE>40

                    GLOBALINK LTD. and Subsidiary
                    Notes to Financial Statements
                         December 31, 2009
                    (Expressed in U.S. Dollars)

financial performance, and cash flows. This Statement is effective for
financial statements issued for fiscal years and interim periods
beginning after November 15, 2008, with early application encouraged.

The Company has not yet adopted the provisions of SFAS No. 161, but
does not expect it to have a material impact on its consolidated
financial position, results of operations or cash flows.

In December 2007, the SEC issued Staff Accounting Bulletin (SAB) No.
110 regarding the use of a "simplified" method, as discussed in SAB No.
107 (SAB 107), in developing an estimate of expected term of "plain
vanilla" share options in accordance with SFAS No. 123 (R), Share-Based
Payment.  In particular, the staff indicated in SAB 107 that it will
accept a company's election to use the simplified method, regardless of
whether the company has sufficient information to make more refined
estimates of expected term. At the time SAB 107 was issued, the staff
believed that more detailed external information about employee
exercise behavior (e.g., employee exercise patterns by industry and/or
other categories of companies) would, over time, become readily
available to companies. Therefore, the staff stated in SAB 107 that it
would not expect a company to use the simplified method for share
option grants after December 31, 2007. The staff understands that such
detailed information about employee exercise behavior may not be widely
available by December 31, 2007. Accordingly, the staff will continue to
accept, under certain circumstances, the use of the simplified method
beyond December 31, 2007. The Company currently uses the simplified
method for "plain vanilla" share options and warrants, and will assess
the impact of SAB 110 for fiscal year 2010. It is not believed that
this will have an impact on the Company's consolidated financial
position, results of operations or cash flows.

In December 2007, the FASB issued SFAS No. 160, Noncontrolling
Interests in Consolidated Financial Statements-an amendment of ARB No.
51.  This statement amends ARB 51 to establish accounting and reporting
standards for the noncontrolling interest in a subsidiary and for the
deconsolidation of a subsidiary. It clarifies that a noncontrolling
interest in a subsidiary is an ownership interest in the consolidated
entity that should be reported as equity in the consolidated financial
statements. Before this statement was issued, limited guidance existed
for reporting noncontrolling interests. As a result, considerable
diversity in practice existed. So-called minority interests were
reported in the consolidated statement of financial position as
liabilities or in the mezzanine section between liabilities and equity.
This statement improves comparability by eliminating that diversity.
This statement is effective for fiscal years, and interim periods
within those fiscal years, beginning on or after December 15, 2008
(that is, January 1, 2009, for entities with calendar year-ends).
Earlier adoption is prohibited. The effective date of this statement is
the same as that of the related Statement 141 (revised 2007).  The

<PAGE>41

                    GLOBALINK LTD. and Subsidiary
                    Notes to Financial Statements
                         December 31, 2009
                    (Expressed in U.S. Dollars)

Company will adopt this Statement beginning March 1, 2009.  It is not
believed that this will have an impact on the Company's consolidated
financial position, results of operations or cash flows.

In December 2007, the FASB, issued FAS No. 141 (revised 2007), Business
Combinations.' This Statement replaces FASB Statement No. 141, Business
Combinations, but retains the fundamental requirements in Statement
141.  This Statement establishes principles and requirements for how
the acquirer: (a) recognizes and measures in its financial statements
the identifiable assets acquired, the liabilities assumed, and any
noncontrolling interest in the acquiree; (b) recognizes and measures
the goodwill acquired in the business combination or a gain from a
bargain purchase; and (c) determines what information to disclose to
enable users of the financial statements to evaluate the nature and
financial effects of the business combination. This statement applies
prospectively to business combinations for which the acquisition date
is on or after the beginning of the first annual reporting period
beginning on or after December 15, 2008. An entity may not apply it
before that date. The effective date of this statement is the same as
that of the related FASB Statement No. 160, Noncontrolling Interests in
Consolidated Financial Statements.  The Company adopted this statement
beginning March 1, 2009. It is not believed that this will have an
impact on the Company's consolidated financial position, results of
operations or cash flows.

In February 2007, the FASB, issued SFAS No. 159, The Fair Value Option
for Financial Assets and Liabilities-Including an Amendment of FASB
Statement No. 115.  This standard permits an entity to choose to
measure many financial instruments and certain other items at fair
value. This option is available to all entities. Most of the provisions
in FAS 159 are elective; however, an amendment to FAS 115 Accounting
for Certain Investments in Debt and Equity Securities applies to all
entities with available for sale or trading securities. Some
requirements apply differently to entities that do not report net
income. SFAS No. 159 is effective as of the beginning of an entity's
first fiscal year that begins after November 15, 2007. Early adoption
is permitted as of the beginning of the previous fiscal year provided
that the entity makes that choice in the first 120 days of that fiscal
year and also elects to apply the provisions of SFAS No. 157 Fair Value
Measurements.  The Company adopted SFAS No. 159 beginning March 1, 2009
and is currently evaluating the potential impact the adoption of this
pronouncement will have on its consolidated financial statements.

In September 2006, the FASB issued SFAS No. 157, Fair Value
Measurements.  This statement defines fair value, establishes a
framework for measuring fair value in generally accepted accounting
principles (GAAP), and expands disclosures about fair value
measurements. This statement applies under other accounting
pronouncements that require or permit fair value measurements, the

<PAGE>42

                    GLOBALINK LTD. and Subsidiary
                    Notes to Financial Statements
                         December 31, 2009
                    (Expressed in U.S. Dollars)

Board having previously concluded in those accounting pronouncements
that fair value is the relevant measurement attribute. Accordingly,
this statement does not require any new fair value measurements.
However, for some entities, the application of this statement will
change current practice. This statement is effective for financial
statements issued for fiscal years beginning after November 15, 2007,
and interim periods within those fiscal years. Earlier application is
encouraged, provided that the reporting entity has not yet issued
financial statements for that fiscal year, including financial
statements for an interim period within that fiscal year. The Company
will adopt this statement March 1, 2008, and it is not believed that
this will have an impact on the Company's consolidated financial
position, results of operations or cash flows.

These new accounting pronouncements are not currently expected to have
a material effect on our financial Statements, except as noted above.



<PAGE>43

ITEM 9.   CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING
AND FINANCIAL DISCLOSURE

None

ITEM 9A.  CONTROLS AND PROCEDURES.

Controls and Procedures.

Evaluation of Disclosure Controls and Procedures:

We maintain disclosure controls and procedures, as defined in Rules
13a-15(e) and 15d-15(e) under the Exchange Act that are designed to
insure that information required to be disclosed in the reports we file
or submit under the Exchange Act is recorded, processed, summarized and
reported within the periods specified in the Securities and Exchange
Commission's rules and forms and that such information is accumulated
and communicated to our management, including our Chief Executive
Officer (CEO) and Chief Financial Officer (CFO), or the persons
performing similar functions, to allow timely decisions regarding
required disclosure.

Under the supervision and with the participation of our CEO and CFO, or
the persons performing similar functions, our management has evaluated
the effectiveness of our disclosure controls and procedures as of the
end of the period covered by this annual report.  Based on that
evaluation, our CEO and CFO, or the persons performing similar
functions, concluded that our disclosure controls and procedures were
not effective as of December 31, 2008.

The registrant originally filed its Form 10-K for the year ended
December 31, 2008 on April 15, 2009.  Miscommunications between the
registrant and its experts led to delays in the resolution of SEC
comments and the necessity of a revision of the accounting treatment
for the acquisition of OneWorld Hotel Destination Service and other
related disclosures.  Management has implemented additional internal
controls to ensure that similar situations do not occur in the future.

Management's Annual Report on Internal Control over Financial
Reporting:

Our management is responsible for establishing and maintaining adequate
internal control over financial reporting. Our internal control over
financial reporting is the process designed by and under the
supervision of our CEO and CFO, or the persons performing similar
functions, to provide reasonable assurance regarding the reliability of
our financial reporting and the preparation of our financial statements
for external reporting in accordance with accounting principles
generally accepted in the United States of America.  Management has
evaluated the effectiveness of our internal control over financial
reporting using the criteria set forth by the Committee of Sponsoring
Organizations of the Treadway Commission (COSO) in Internal Control
over Financial Reporting - Guidance for Smaller Public Companies.



<PAGE>44

Under the supervision and with the participation of our CEO and CFO, or
the persons performing similar functions, our management has assessed
the effectiveness of our internal control over financial reporting as
of December 31, 2008, and concluded that it is not effective due to the
reasons discussed above.

This annual report does not include an attestation report of the
registrant's registered public accounting firm regarding internal
control over financial reporting.  Management's report was not subject
to attestation by the registrant's registered public accounting firm
pursuant to temporary rules of the Securities and Exchange Commission
that permit the registrant to provide only management's report in this
annual report.

Evaluation of Changes in Internal Control over Financial Reporting:

Under the supervision and with the participation of our CEO and CFO, or
those persons performing similar functions, our management has
evaluated changes in our internal controls over financial reporting
that occurred during the fourth quarter of 2009.  Based on that
evaluation, our CEO and CFO, or those persons performing similar
functions, did not identify any change in our internal control over
financial reporting that has materially affected, or is reasonably
likely to materially affect, our internal control over financial
reporting.


ITEM 9B.  OTHER INFORMATION.

None



<PAGE>45

PART III

ITEM 10.  DIRECTORS AND EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE.

Our bylaws provide that the number of directors who shall constitute
the whole board shall be such number as the board of directors shall at
the time have designated.  We confirm that the number of authorized
directors has been set at three (3) pursuant to our bylaws. Each
director shall be selected for a term of one year and until his
successor is elected and qualified. Vacancies are filled by a majority
vote of the remaining directors then in office with the successor
elected for the unexpired term and until the successor is elected and
qualified.

The directors and executive officers are as follows:
<TABLE>
<CAPTION>
NAME                                AGE      POSITIONS HELD          SINCE

                                  <c>          <c>                  <c>

Robin Young                          66      President/Director   Inception to
                                                                    Present

Ben Choi                             54      Treasurer/Director   Inception to
                                                                    Present

Daniel Lo                            43      Secretary/Director   Inception to
                                                                    Present
</TABLE>
Business Experience of Officers and Directors

Robin Young, President and Director, has been the principal of Young
Engineering Corporation, an engineering consultant firm for the
building industry since 1975.  He has also been the president of
Landtek Properties Ltd., a development company since 1994 and Coreng
Construction Corporation, a company providing project and construction
management as well as general contracting from 1976 to 1990.  Mr. Young
was listed in the "Who's Who in British Columbia" and "International
Who's Who of Professionals".  Mr. Young received a bachelor of applied
science degree in civil engineering from the University of British
Columbia in 1963.  He conducted his post-graduate studies both at
McGill University and at Concordia University and received his master's
degree in civil and structural engineering in 1970 from Concordia
University.

Ben Choi, Treasurer and Director is a software development consultant.
From 2001 to present, Mr. Choi has been project manager of NewViews
Health Care Consultants Ltd, a company which develops health care
software programs. He has also been the project leader of developing
Pharmacy Claims Adjudicate Software, a Health Canada, Non-Insurance
Health Benefit Pilot project & Medical Transportation Software for
Alberta Regional Health Department.  Mr. Choi has extensive consulting
experiences in the technology fields including network services,
hardware and software sales and implementation. Mr. Choi received a



<PAGE>46

Bachelor of Science degree from the University of Winnipeg in 1976.  In
1988, he took courses in computer programming and data processing at
the University of Alberta.

Daniel Lo, Secretary and Director has been the president of LCF
Advanced Technology Ltd which is a leading computer hardware solution
company in Western Canada since 1996.  LCF is an Intel Premier Partner
and Microsoft Certified partner. In 1998, Mr. Lo led LCF to become an
ISO 2002 company and upgraded the company into the new ISO 2001:2000
standard in 2003.  The ISO 2001:2000 standard is an international
quality management system which ensures consistency and improvement of
working practices, including the products and services product.  In
1986, Mr. Lo received his business administration degree in finance
from Simon Fraser University, BC.

Section 16(a) Beneficial Ownership Reporting Compliance

Under Section 16(a) of the Securities Exchange Act of 1934, as
amended, an officer, director, or greater-than-10% shareholder of the
registrant must file a Form 4 reporting the acquisition or disposition
of registrant's equity securities with the Securities and Exchange
Commission no later than the end of the second business day after the
day the transaction occurred unless certain exceptions apply.
Transactions not reported on Form 4 must be reported on Form 5 within
45 days after the end of the registrant's fiscal year.  Such persons
must also file initial reports of ownership on Form 3 upon becoming an
officer, director, or greater-than-10% shareholder.  To our knowledge,
based solely on a review of the copies of these reports furnished to
it, the officers, directors, and greater than 10% beneficial owners
complied with all applicable Section 16(a) filing requirements during
2008.

Code of Ethics Policy

The registrant has prepared but has not yet adopted a code of ethics
that applies to our principal executive officer, principal financial
officer, principal accounting officer or controller or persons
performing similar functions.

Corporate Governance.

There have been no changes in any state law or other procedures by
which security holders may recommend nominees to our board of
directors.  In addition to having no nominating committee for this
purpose, we currently have no specific audit committee and no audit
committee financial expert.  Based on the fact that our current
business affairs are simple, any such committees are excessive and
beyond the scope of our business and needs.




<PAGE>47

ITEM 11.  EXECUTIVE COMPENSATION

Since inception in February 2006, we have issued 375,000 shares of the
company securities to each of the president, secretary and treasurer as
compensation for their services performed to and on behalf of the
company.  No executive compensation in cash has been made.  We may
elect to award a cash bonus to key employees, directors, officers and
consultants based on meeting individual and corporate planned
objectives.  We have not entered into any employment agreements with
our officers, however, we estimate that the executive officers will be
paid an annual salary of $84,000 each.

   Directors Compensation.  We do not have any standard arrangements by
which directors are compensated for any services provided as a
director.  No cash has been paid to the directors in their capacity as
such.

The registrant issued stock options of 100,000 each to three directors
on January 2, 2008; which expire on January 2, 2010.  The strike price
on these shares were $0.10 per share.  After the 5 for 1 stock split,
the outstanding options were $500,000 per director at $0.02 per share.
On December 23, 2009, the board of directors extended these options to
January 2, 2012.
On March 30, 2010, the board of directors authorized an additional
400,000 shares of common stock each to three directors.  The options
expire on March 31, 2012 and have a strike of $0.01 per share.

ITEM 12.  SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND
MANAGEMENT AND RELATED STOCKHOLDERS MATTERS

The following table sets forth, as of December 31, 2009, the
number and percentage of outstanding shares of the registrant's
common stock owned by (i) each person known to us to
beneficially own more than 5% of its outstanding common stock,
(ii) each director, (iii) each named executive officer, and
(iv) all officers and directors as a group.



<PAGE>48
<TABLE>
Name of Beneficial Owners      Common Stock
                               Beneficially Owned    Percentage(1)

                                <c>                    <c>
Robin Young                     3,750,000                15.13%
426 Main Street
Suite #202
Vancouver, B.C. V6A 2T4

Ben Choi                        3,750,000                15.13%
426 Main Street
Suite #202
Vancouver, B.C. V6A 2T4

Daniel Lo                       3,750,000                15.13%
333 - 13988 Cambie Road
Richmond, B.C. Canada V6V 2K4

Directors and Officers,
   as a group(3 persons)        11,250,000                15.13%

Barry Phillips 	              3,750,000                15.13%
7903 - 93a Ave.
Edmonton, Alberta T6C 1V2

Petula Wong                     3,750,000                15.13%
Rm C 12/F 55 Tong Mi Road
Kowloon, Hong Kong

Vincent Au                      2,000,000                8.07%
426 Main Street
Suite #202
Vancouver, B.C. V6A 2T4
</TABLE>
(1) Based upon 24,785,000 issued and outstanding as of December 31,
2009.

All the above-named officers and directors would be deemed to be
promoters of Globalink.


ITEM 13.  CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS AND DIRECTOR
INDEPENDENCE

Shareholder Advances.  Advances from shareholders are for the
reimbursement of expenses incurred on behalf of the registrant by Robin
Young and Ben Choi, officers and directors of the registrant and they
bear no interest.  These notes are short term advances which are paid
generally within one year.  The balance at December 31, 2009 is
$49,526.



<PAGE>49

Director Independence.

The registrant's board of directors consists of Robin Young, Ben Choi and
Daniel Lo.  None of them is independent as such term is defined by a
national securities exchange or an inter-dealer quotation system.  During
the fiscal year ended December 31, 2009, there were no transactions with
related persons other than as described in the section above entitled
"Item 11.  Executive Compensation".


ITEM 14.  PRINCIPAL ACCOUNTANT FEES AND SERVICES.

Audit Fees.   We incurred aggregate fees and expenses of $15,000 and
$15,000 from Thomas J. Harris, CPA, respectfully for the 2009 and 2008
fiscal years.  Such fees included work completed for our annual audit
and for the review of our financial statements included in our Forms
10-K and 10-Q.

Tax Fees.   We did not incur any aggregate tax fees and expenses from
Thomas J. Harris, CPA for the 2009 and 2008 fiscal years for
professional services rendered for tax compliance, tax advice, and tax
planning.

All Other Fees.   We incurred audit related fees of $0 and $0 from
Thomas J. Harris, CPA during fiscal 2009 and 2008.  The Board of
Directors, acting as the Audit Committee considered whether, and
determined that, the auditor's provision of non-audit services was
compatible with maintaining the auditor's independence.  All of the
services described above for fiscal years 2009 and 2008 were approved
by the Board of Directors pursuant to its policies and procedures.  We
intend to continue using Thomas J. Harris, CPA solely for audit and
audit-related services, tax consultation and tax compliance services,
and, as needed, for due diligence in acquisitions.

ITEM 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES

(a)(1)  List of Financial statements included in Part II hereof

 Report of Independent Registered Public Accounting Firm
Balance Sheet
 December 31, 2009, 2008 and OneWorld October 31, 2008,
   June 30, 2008 and June 30, 2007 Statements of Operations for the
years ended
 December 31, 2009, 2008 and OneWorld October 31, 2008,
   June 30, 2008 and June 30, 2007
Statement of Stockholders' Deficit
 for the year ended December 31, 2009
Statements of Cash Flows for the years ended
 December 31, 2009, 2008, OneWorld October 31, 2008,
  June 30, 2008 and June 30, 2007
Notes to Financial Statements
  December 31, 2009



<PAGE>50

 (a)(2) List of Financial Statement schedules included in Part IV
hereof:  None
 (a)(3) Exhibits

The following of exhibits are filed with this report:

(31.1) CEO 302 certification
(31.2) CFO 302 certification
(32.1) CEO 906 certification
(32.2) CFO 906 certification


                              SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, as amended, the registrant has duly caused this
Report to be signed on its behalf by the undersigned duly authorized
person.

Dated: April 15, 2010

/s/Robin Young
------------------------------
By: Robin Young, President/CEO

In accordance with the requirements of the Securities Exchange
Act of 1934, as amendment, this report has been signed by the
following persons in the capacities and on the dates stated.

Globalink, Inc.
(Registrant)

By: /s/Robin Young                     Dated: April 15, 2010
    ----------------------
    Robin Young

Director, Chief Executive Officer
(As a duly authorized officer on behalf of the Registrant and
as Principal Executive Officer)

By: /s/Ben Choi                        Dated: April 15, 2010
    ----------------------
    Ben Choi
Chief Financial Officer, Controller and Director


By: /s/Daniel Lo                       Dated: April 15, 2010
    ----------------------
    Daniel Lo
    Director