----

----

| [X] | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED DECEMBER 31, 2010 |
|-----|----------------------------------------------------------------------------------------------------------------------------------|

| Securities registered pursuant to Section 12(b) of the Act: | Securities registered pursuant to section 12(g) of the Act: |
|-------------------------------------------------------------|-------------------------------------------------------------|
| None                                                        | Common Stock                                                |

|   | Large Accelerated Filer                       | [   ] | Accelerated Filer         | [   ] |
|--------|-----------------------------------------------|----------------------|---------------------------|----------------------|
|   | Non-accelerated Filer                         | [   ] | Smaller Reporting Company | [X]                  |
|   | (Do not check if a smaller reporting company) |                 |                      |

----

----

----

|          | Page                                                                                        |
|---------------|---------------------------------------------------------------------------------------------|
|          |                                                                                        |
| PART I        |                                                                                        |
|          |                                                                                        |
| Item 1.       | Business.                                                                                   | 3 |
| Item 1A.      | Risk Factors.                                                                               | 6 |
| Item 1B.      | Unresolved Staff Comments.                                                                  | 8 |
| Item 2.       | Properties.                                                                                 | 8 |
| Item 3.       | Legal Proceedings.                                                                          | 8 |
|          |                                                                                        |   |
|          |                                                                                        |   |
| PART II       |                                                                                        |
|          |                                                                                        |
| Item 5.       | Market Price for the Registrant’s Common Equity, Related Stockholders Matters and     |   |
|          | Issuer Purchases of Equity Securities.                                                      | 9 |
| Item 6.       | Selected Financial Data.                                                                    | 11 |
| Item 7.       | Management’s Discussion and Analysis of Financial Condition and Results of Operation. | 11 |
| Item 7A.      | Quantitative and Qualitative Disclosures About Market Risk.                                 | 14 |
| Item 8.       | Financial Statements and Supplementary Data.                                                | 14 |
| Item 9.       | Changes in and Disagreements With Accountants on Accounting and Financial Disclosure.       | 30 |
| Item 9A.      | Evaluation of Disclosure Controls and Procedures.                                           | 30 |
| Item 9B.      | Other Information.                                                                          | 31 |
|          |                                                                                        |   |
|          |                                                                                        |   |
| PART III      |                                                                                        |
|          |                                                                                        |
| Item 10.      | Directors and Executive Officers, Promoters and Corporate Governance.                       | 31 |
| Item 11.      | Executive Compensation.                                                                     | 34 |
| Item 12.      | Security Ownership of Certain Beneficial Owners and Management and Related                  | 37 |
|          | Stockholder Matters.                                                                        | 38 |
| Item 13.      | Certain Relationships and Related Transactions, and Director Independence.                  | 39 |
| Item 14.      | Principal Accounting Fees and Services.                                                     |   |
|          |                                                                                        |
|          |                                                                                        |
| PART IV       |                                                                                        |
|          |                                                                                        |
| Item 15.      | Exhibits and Financial Statement Schedules.                                                 | 40 |
|          |                                                                                        |   |
| Signatures    | 45                                                                                          |
|          |                                                                                        |
| Exhibit Index | 46                                                                                          |

----

PART I.

ITEM 1. 

----

----

| Volumetric energy density | Wh/l  | 496.29 |
|---------------------------|-------|--------|
| Mass                      | Kg    | 5.45   |
| Mass energy density       | Wh/Kg | 215.80 |
| Watt power density        | W/kg  |   |
| Voltage                   | V     | 4.20   |

----

| ·   | On-Road Transportation: EV/PHEV, trucks, buses, public fleets, mass transit fleets, private fleets |
|--------------------|----------------------------------------------------------------------------------------------------|

| ·   | Off-Road Transportation: marine engines, locomotives, construction equipment |
|--------------------|------------------------------------------------------------------------------|

| ·   | Power Generation: cell towers, data centers, apartments complexes, hospitals, universities |
|--------------------|--------------------------------------------------------------------------------------------|

| ·   | Grid Stabilization: utilities, energy services, systems operators, merchant operators, municipalities |
|--------------------|-------------------------------------------------------------------------------------------------------|

| ·   | Industrial: power plants, manufacturing plants, boilers, furnaces, turbines, driers, kilns |
|--------------------|--------------------------------------------------------------------------------------------|

| ·   | Government: military, defense contractors, systems integrators, aerospace, propulsion systems |
|--------------------|-----------------------------------------------------------------------------------------------|

ITEM 1A.

----

| ·   | our suppliers and service providers may face preparation delays due to natural disasters or strikes, lock-outs or other such actions; |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------|

| ·   | one or more suppliers or service providers could make strategic changes in the services they offer; and |
|--------------------|---------------------------------------------------------------------------------------------------------|

| ·   | some of our suppliers will be small companies which are more likely to experience financial and operational difficulties than larger, well-established companies, because of their limited financial and other resources. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

ITEM 1B.

ITEM 2.

ITEM 3.

----

PART II

| ITEM 5. | MARKET PRICE FOR THE REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES. |
|---------|-------------------------------------------------------------------------------------------------------------------------------|

| Quarter Ended      |   | High |   | Low   |
|--------------------|--------|------|--------|-------|
| December 31, 2010  | $      | 0.10 | $      | 0.02  |
| September 30,2010  | $      | 0.20 | $      | 0.095 |
| June 30, 2010      | $      | 0.47 | $      | 0.16  |
| March 31, 2010     | $      | 0.50 | $      | 0.26  |
| December 31, 2009  | $      | 0.66 | $      | 0.17  |
| September 30, 2009 | $      | 0.25 | $      | 0.11  |
| June 30, 2009      | $      | 0.39 | $      | 0.04  |
| March 31, 2009     | $      | 0.25 | $      | 0.03  |
| December 31, 2008  | $      | 0.46 | $      | 0.11  |
| September 30, 2008 | $      | 0.85 | $      | 0.30  |
| June 30, 2008      | $      | 0.80 | $      | 0.42  |
| March 31, 2008     | $      | 1.40 | $      | 0.45  |
| December 31, 2007  | $      | 1.88 | $      | 0.55  |
| September 30, 2007 | $      | 0.55 | $      | 0.32  |
| June 30, 2007      | $      | 1.34 | $      | 0.25  |
| March 31, 2007     | $      | 0.35 | $      | 0.35  |

----

| Plan category                                              | Number of securities issued upon exercise of outstanding options, warrants and rights | Weighted-average exercise price of outstanding options, warrants and rights | Number of securities remaining available for future issuance under equity compensation plans (excluding securities reflected in column (a)) |
|------------------------------------------------------------|---------------------------------------------------------------------------------------|-----------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------|
|                                                       | (a)                                                                                   | (b)                                                                         | (c)                                                                                                                                         |
|                                                       |                                                                                  |                                                                        |                                                                                                                                        |
| Equity compensation plans approved by security holders     | n/a                                                                                   | n/a                                                                         | n/a                                                                                                                                         |
|                                                       |                                                                                  |                                                                        |                                                                                                                                        |
| Equity compensation plans not approved by security holders | 365,000                                                                               | 1.10                                                                        | 1,465,000                                                                                                                                   |
|                                                       |                                                                                  |                                                                        |                                                                                                                                        |
| Total                                                      | 365,000                                                                               | 1.10                                                                        | 1,465,000                                                                                                                                   |

----

ITEM 6.

| ITEM 7. | MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS. |
|---------|----------------------------------------------------------------------------------------------|

----

----

----

ITEM 7A.

ITEM 8.

| REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM | F-1                                                                |
|---------------------------------------------------------|--------------------------------------------------------------------|
|                                                    |
|                                                    | Consolidated Balance Sheets                                        | F-2 |
|                                                    | Consolidated Statements of Stockholders’ Equity (Deficiency) | F-3 |
|                                                    | Consolidated Statements of Operations                              | F-4 |
|                                                    | Consolidated Statement of Cash Flows                               | F-4 |
| Notes to Consolidated Financial Statements              | F-5                                                                |

----

REPORT

----

BALANCE SHEETS

|                                                                                             |   | 2010   |        |   | 2009   |   |
|--------------------------------------------------------------------------------------------------|--------|--------|-------------|--------|--------|--------|
|                                                                                             |   |   |        |   |   |   |
| ASSETS                                                                                           |   |   |        |   |   |   |
|                                                                                             |   |   |        |   |   |   |
| CURRENT ASSETS                                                                                   |   |   |        |   |   |   |
| Cash                                                                                             |   | $      | 25,920      |   |   | $      | 1,944 |   |
| Taxes Receivable                                                                                 |   |   | -           |   |   |   | 730 |   |
| Deposit on machinery                                                                             |   |   | 175,000     |   |   |   | 609,823 |   |
| Prepaid expenses and sundry current assets                                                       |   |   | -           |   |   |   | 14,578 |   |
|                                                                                             |   |   |        |   |   |   |   |   |
| TOTAL CURRENT ASSETS                                                                             |   |   | 200,920     |   |   |   | 627,075 |   |
|                                                                                             |   |   |        |   |   |   |   |   |
| INTANGIBLE ASSETS ( note 2 and 5 )                                                               |   |   | 2,616,485   |   |   |   | 6,056,252 |   |
| GOODWILL ( note 2 )                                                                              |   |   | 3,233,928   |   |   |   | 7,008,721 |   |
|                                                                                             |   |   |        |   |   |   |   |   |
| PROPERTY AND EQUIPMENT, AT COST, LESS ACCUMULATED                                                |   |   |        |   |   |   |   |   |
| DEPRECIATION                                                                                     |   |   | 467,374     |   |   |   | 13,227 |   |
|                                                                                             |   |   |        |   |   |   |   |   |
| TOTAL ASSETS                                                                                     |   | $      | 6,518,707   |   |   | $      | 13,705,275 |   |
|                                                                                             |   |   |        |   |   |   |   |   |
| LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIENCY)                                          |   |   |        |   |   |   |   |   |
|                                                                                             |   |   |        |   |   |   |   |   |
| CURRENT LIABILITIES:                                                                             |   |   |        |   |   |   |   |   |
|                                                                                             |   |   |        |   |   |   |   |   |
| Customer deposits                                                                                |   | $      | 175,000     |   |   | $      | 454,940 |   |
| Notes payable (note 7)                                                                           |   |   | 156,886     |   |   |   | 47,386 |   |
| Notes payable-stockholders (note 8)                                                              |   |   | 854,180     |   |   |   | 1,402,055 |   |
| Accrued expenses and sundry current liabilities (note 6)                                         |   |   | 1,238,322   |   |   |   | 391,177 |   |
|                                                                                             |   |   |        |   |   |   |   |   |
| TOTAL CURRENT LIABILITIES                                                                        |   | $      | 2,424,388   |   |   | $      | 2,295,558 |   |
|                                                                                             |   |   |        |   |   |   |   |   |
| STOCKHOLDERS' EQUITY (DEFICIENCY)                                                                |   |   |        |   |   |   |   |   |
| Common stock                                                                                     |   | $      | 176,433     |   |   | $      | 162,848 |   |
| 500,000,000 shares authorized, par value $0.001, 120,511,092 and 99,924,662 shares, respectively |   |   |        |   |   |   |   |   |
| issued and outstanding                                                                           |   |   |        |   |   |   | - |   |
| Additional paid in capital                                                                       |   |   | 31,794,473  |   |   |   | 30,271,856 |   |
| Accumulated Deficit                                                                              |   |   | (25,059,593 | )      |   |   | (25,059,593 | ) |
| Retained Earnings (Deficit) accumulated during development period                                |   |   | (7,929,788  | )      |   |   | 460,412 |   |
|                                                                                             |   |   |        |   |   |   |   |   |
| TOTAL STOCKHOLDERS' EQUITY (DEFICIENCY)                                                          |   | $      | (1,018,475  | )      |   | $      | 5,835,523 |   |
| Less Non-controlling interest                                                                    |   |   | 5,112,794   |   |   |   | 5,574,194 |   |
|                                                                                             |   |   | 4,093,319   |   |   |   | 11,409,717 |   |
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY                                                 |   |   |        |   |   |   |   |   |
| (DEFICIENCY)                                                                                     |   | $      | 6,518,707   |   |   | $      | 13,705,275 |   |

----

STOCKHOLDERS 

|                                                          |        |   | Common      |   |       |   |         |          |   |       |            |   |            |         |
|---------------------------------------------------------------|-------------|--------|-------------|--------|------------|--------|--------------|---------------|--------|------------|-----------------|--------|-----------------|--------------|
|                                                          |        |   | Stock       |   |       |   |         |          |   |       |            |   |            |         |
|                                                          |        |   | Authorized  |   |       |   |         | Deficit       |   | Other      |            |   |            |         |
|                                                          |        |   | 500,000,000 |   |       |   |         | accumulated   |   | Comprehen- |            |   |            |         |
|                                                          |        |   | Shares,     |   | Additional |   |         | during        |   | sive       |            |   |            |         |
| Stockholders                                                  |        |   | Par value   |   | paid in    |   | Accumulated  | Development   |   | Income     |            |   | Non-controlling |         |
| Deficiency                                                    | Shares      |   | $0.001      |   | Capital    |   | Deficit      | Stage         |   | (Loss)     | Subtotal        |   | interest        | Total        |
|                                                          |        |   |        |   |       |   |         |          |   |       |            |   |            |         |
| January 1, 2007                                               | 34,578,268  | $      | 97,502      | $      | 13,329,355 | $      | (25,059,593) | -             | $      | 220,463    | (11,412,273)    | $      |            | (11,412,273) |
| Proceeds fromthe issuance ofCommon stock                      | 990,000     |   | 990         |   | 1,002,410  |   | -            |          |   | -          | 1,003,400       |   |            | 1,003,400    |
| Stock options                                                 |        |   |        |   | 1,372,897  |   |         |          |   |       | 1,372,897       |   |            | 1,372,897    |
| Net Income                                                    |        |   | -           |   | -          |   |         | 6,306,507     |   |       | 6,306,507       |   |            | 6,306,507    |
| Other comprehensiveIncome                                     |        |   |        |   |       |   |         |          |   | (220,463)  |  (220,463) |   |            | (220,463)    |
| December 31,2007                                              | 35,568,268  | $      | 98,492      | $      | 15,704,662 | $      | (25,059,593) | 6,306,507     | $      | -          | (2,949,932)     | $      |            | (2,949,932)  |
| Shares issued for settlement of services                      | 4,500,000   |   | 4,500       |   | 3,834,500  |   |         |          |   |       | 3,839,000       |   |            | 3,839,000    |
| Shares issued following exercise of stock options             | 25,000      |   | 25          |   | 225        |   |         |          |   |       | 250             |   |            | 250          |
| Proceeds fromthe issuance ofCommon stock                      | 250,000     |   | 250         |   | 74,750     |   | -            |          |   | -          | 75,000          |   |            | 75,000       |
| Shares issued for settlement of a debt                        | 3,470,471   |   | 3,470       |   | 3,133,830  |   |         |          |   |       | 3,137,300       |   |            | 3,137,300    |
| Net Loss                                                      |        |   | -           |   | -          |   |         | (4,939,044)   |   |       | (4,939,044)     |   |            | (4,939,044)  |
|                                                          |        |   |        |   |       |   |         |          |   |       |            |   |            |         |
| December 31,2008                                              | 43,813,739  | $      | 106,737     | $      | 22,747,967 | $      | (25,059,593) | 1,367,463     | $      | -          | (837,426)       | $      |            | (837,426)    |
| Shares issued following acquisition                           | 54,000,000  |   | 54,000      |   | 7,118,000  |   |         |          |   |       | 7,172,000       |   |            | 7,172,000    |
| Shares issued for services                                    | 1,650,000   |   | 1,650       |   | 266,350    |   |         |          |   |       | 268,000         |   |            | 268,000      |
| Non-controlling interest pursuant to acquisition (see Note 2) |        |   |        |   |       |   |         |          |   |       |            |   |  5,643,000 | 5,643,000    |
| Proceeds fromthe issuance ofCommon stock                      | 460,923     |   | 461         |   | 139,539    |   |         |          |   |       |            |   |            | 140,000      |
| Net Loss                                                      |        |   | -           |   | -          |   |         | (907,051)     |   |       | (907,051)       |   | (68,806)        | (975,857)    |
|  December 31,2009                                        | 99,924,662  | $      | 162,848     | $      | 30,271,856 | $      | (25,059,593) |  460,412 | $      | -          |  5,835,523 | $      |  5,574,194 | 11,409,717   |
| Shares issued for services                                    | 825,000     |   | 825         |   | 91,675     |   |         |          |   |       |            |   |            | 92,500       |
| Shares issued for settlement of a debt                        | 15,399,276  |   | 8,398       |   | 1,211,188  |   |         |          |   |       |            |   |            | 1,219,586    |
|                                                          |        |   |        |   |       |   |         |          |   |       |            |   |            |         |
| Proceeds fromthe issuance ofCommon stock                      | 4,362,154   |   | 4,362       |   | 213,638    |   |         |          |   |       |            |   |            | 218,000      |
| Imputed interest on non-interest bearing stockholders loans   |        |   |        |   | 6,116      |   |         |          |   |       |            |   |            | 6,116        |
| Net Loss                                                      |        |   |        |   |       |   |         | (8,390,200)   |   |       |            |   | (461,400)       | (8,851,600)  |
| December 31,2010                                              | 120,511,092 | $      | 176,433     | $      | 31,794,473 | $      | (25,059,593) | (7,929,788)   | $      | -          | (1,018,475)     | $      | 5,112,794       | 4,093,319    |

----

OPERATIONS

|                                                                                                                                                                                                                                                                                            |   | December 31, |        |    | December 31, |   |       | Beginning ofdevelopmentstage, January 1,2007, through |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------|-------------|---------|--------------|--------|------------|-------------------------------------------------------|--------|
|                                                                                                                                                                                                                                                                                            |   | 2010         |        |    | 2009         |   |       | December 2010                                         |   |
|                                                                                                                                                                                                                                                                                            |   |         |        |    |         |   |       |                                                  |   |
| SALES                                                                                                                                                                                                                                                                                           |   | $            | 469,840     |    |         | $      | -          |                                                  |   | $ | 469,840 |   |
|                                                                                                                                                                                                                                                                                            |   |         |        |    |         |   |       |                                                  |   |   |   |   |
| Cost of sales                                                                                                                                                                                                                                                                                   |   |         | 452,000     |    |         |   | -          |                                                  |   |   | 452,000 |   |
|                                                                                                                                                                                                                                                                                            |   |         |        |    |         |   |       |                                                  |   |   |   |   |
| Gross Profit                                                                                                                                                                                                                                                                                    |   |         | 17,840      |    |         |   | -          |                                                  |   |   | 17,840 |   |
|                                                                                                                                                                                                                                                                                            |   |         |        |    |         |   |       |                                                  |   |   |   |   |
|  COSTS AND EXPENSES:                                                                                                                                                                                                                                                                       |   |         | -           |    |         |   | -          |                                                  |   |   | - |   |
|                                                                                                                                                                                                                                                                                            |   |         |        |    |         |   |       |                                                  |   |   |   |   |
|  Selling, general and administrative                                                                                                                                                                                                                                                       |   |         | 731,443     |    |         |   | 285,025    |                                                  |   |   | 2,293,500 |   |
|  Depreciation and amortization ( note 5 )                                                                                                                                                                                                                                                  |   |         | 404,273     |    |         |   | 170,173    |                                                  |   |   | 579,148 |   |
|  Research and Development                                                                                                                                                                                                                                                                  |   |         | 477,923     |    |         |   |       |                                                  |   |   | 477,923 |   |
| Gain on settlement debts-foreign Subsidiary                                                                                                                                                                                                                                                     |   |         | -           |    |         |   |       |                                                  |   |   | (8,013,125 | ) |
|                                                                                                                                                                                                                                                                                            |   |         |        |    |         |   |       |                                                  |   |   |   |   |
| Impairment Loss Intangible Assets                                                                                                                                                                                                                                                               |   |         | 3,077,347   |    |         |   |       |                                                  |   |   | 3,077,347 |   |
| Impairment Loss Goodwill                                                                                                                                                                                                                                                                        |   |         | 3,774,793   |    |         |   |       |                                                  |   |   | 3,774,793 |   |
| Compensation expense ( Note 9)                                                                                                                                                                                                                                                                  |   |         | 121,407     |    |         |   | 258,000    |                                                  |   |   | 5,591,304 |   |
| Debt conversion inducement expense (Note 8)                                                                                                                                                                                                                                                     |   |         | 269,928     |    |         |   |       |                                                  |   |   | 269,928 |   |
|  Interest                                                                                                                                                                                                                                                                                  |   |         | 60,375      |    |         |   | 42,705     |                                                  |   |   | 455,699 |   |
|  Foreign exchange loss (gain)                                                                                                                                                                                                                                                              |   |         | 208         |    |         |   | 34,503     |                                                  |   |   | (165,877 | ) |
|                                                                                                                                                                                                                                                                                            |   |         |        |    |         |   |       |                                                  |   |   |   |   |
|                                                                                                                                                                                                                                                                                            |   |         |        |    |         |   |       |                                                  |   |   |   |   |
|  TOTAL COSTS AND EXPENSES                                                                                                                                                                                                                                                                  |   |         | 8,917,697   |    |         |   | 790,406    |                                                  |   |   | (8,340,640 | ) |
|                                                                                                                                                                                                                                                                                            |   |         |        |    |         |   |       |                                                  |   |   |   |   |
|                                                                                                                                                                                                                                                                                            |   |         |        |    |         |   |       |                                                  |   |   |   |   |
| Loss from continuing operations                                                                                                                                                                                                                                                                 |   | $            | (8,899,857  | )       |         | $      | (790,406   | )                                                     |   | $ | (8,322,800 | ) |
|                                                                                                                                                                                                                                                                                            |   |         |        |    |         |   |       |                                                  |   |   |   |   |
| Loss from discontinued operations                                                                                                                                                                                                                                                               |   | $            | -           |    |         | $      | (185,451   | )                                                     |   |   | (185,451 | ) |
|                                                                                                                                                                                                                                                                                            |   |         |        |    |         |   |       |                                                  |   |   |   |   |
| Gain on Sale of discontinued operations ( note 12 )                                                                                                                                                                                                                                             |   |         | 48,257      |    |         |   | -          |                                                  |   |   | 48,257 |   |
|                                                                                                                                                                                                                                                                                            |   |         |        |    |         |   |       |                                                  |   |   |   |   |
| Net loss                                                                                                                                                                                                                                                                                   |   |         | (8,851,600  | )  |         |   | (975,857   | )                                                     |   |   | (8,459,994 | ) |
|                                                                                                                                                                                                                                                                                            |   |         |        |    |         |   |       |                                                  |   |   |   |   |
| Attributable to:                                                                                                                                                                                                                                                                                |   |         |        |    |         |   |       |                                                  |   |   |   |   |
|                                                                                                                                                                                                                                                                                            |   |         |        |    |         |   |       |                                                  |   |   |   |   |
|  Ecolocap Solutions Inc.                                            |   | $            | (8,390,200  | )       |         | $      | (907,051   | )                                                     |   | $ | (7,929,788 | ) |
|  Non-controlling interest                                                                                                                                                                                                                                                                  |   | $            | (461,400    | )       |         | $      | (68,806    | )                                                     |   | $ | (530,206 | ) |
|                                                                                                                                                                                                                                                                                            |   |         |        |    |         |   |       |                                                  |   |   |   |   |
| Loss Per Share                                                                                                                                                                                                                                                                                  |   |         |        |    |         |   |       |                                                  |   |   |   |   |
|  Continuing operations                                                                                                                                                                                                                                                                     |   | $            | (0.08       | )       |         |   | (0.01      | )                                                     |   |   | N/A |   |
| Discontinued operations                                                                                                                                                                                                                                                                         |   |         | -           |    |         |   | (0.00      | )                                                     |   |   | N/A |   |
| Gain on sale of discontinued operations                                                                                                                                                                                                                                                         |   |         | (0.00       | )       |         |   | -          |                                                  |   |   | N/A |   |
|                                                                                                                                                                                                                                                                                            |   | $            | (0.08       | )       |         | $      | (0.01      | )                                                     |   | $ | N/A |   |
|                                                                                                                                                                                                                                                                                            |   |         |        |    |         |   |       |                                                  |   |   |   |   |
|  Average weighted Number of Shares Outstanding                                                                                                                                                                                                                                             |   |         | 107,174,035 |    |         |   | 60,744,295 |                                                  |   |   | N/A |   |

----

| ECOLOCAP SOLUTIONS INC.                                                   |   |
|---------------------------------------------------------------------------|--------|
| (A Development Stage Company)                                             |   |
| CONSOLIDATED STATEMENTS OF CASH FLOWS                                     |   |
| Year ended December 31, 2010 and 2009                                     |   |
|                                                                      |   |
|                                                                      |   |   |   |   |   | Beginning ofdevelopmentstage, January 1,2007, through |   |
|                                                                      |   | 2010 |   | 2009 |   | December 2010 |   |
| Net loss                                                                  |   | $ | (8,390,200 | ) | $ | (907,051 | ) | $ | (8,150,251 | ) |
|                                                                      |   |   |   |   |   |   |   |   |   |   |
| Adjustment to reconcile net loss to net cash used in operating activities |   |   |   |   |   |   |   |   |   |   |
|  Depreciation and amortization                                       |   |   | 404,273 |   |   | 170,173 |   |   | 579,148 |   |
| Imputed interest on shareholders loans                               |   |   | 6,116 |   |   |   |   |   | 6,116 |   |
|                                                                      |   |   |   |   |   |   |   |   |   |   |
| Impairment Loss Intangible Assets                                         |   |   | 3,077,347 |   |   |   |   |   | 3,077,347 |   |
| Impairment Loss Goodwill                                                  |   |   | 3,774,793 |   |   |   |   |   | 3,774,793 |   |
| Stock based Compensation                                                  |   |   | 121,407 |   |   |   |   |   | 121,407 |   |
| Debt conversion inducement expense                                        |   |   | 269,928 |   |   |   |   |   | 269,928 |   |
|  Issuance of common stock  for services                    |   |   | - |   |   | 132,300 |   |   | 3,269,600 |   |
|  Accrued interest stockholders                                       |   |   |   |   |   |   |   |   |   |   |
| Non-controlling interest                                                  |   |   | (461,400 | ) |   | (68,806 | ) |   | (530,206 | ) |
|                                                                      |   |   |   |   |   |   |   |   |   |   |
| Changes in operating assets and liabilities                               |   |   |   |   |   |   |   |   |   |   |
|                                                                      |   |   | - |   |   |   |   |   |   |   |
| Accounts receivable                                                       |   |   |   |   |   |   |   |   |   |   |
| Taxes receivable                                                          |   |   | 730 |   |   | 30,928 |   |   | - |   |
| Prepaid expenses and sundry current assets                                |   |   | 14,578 |   |   | (8,577 | ) |   | 41,345 |   |
|  Deposit on machinery                                                |   |   | 434,823 |   |   | (64,423 | ) |   | 370,400 |   |
|  Customer deposit                                                    |   |   | (279,940 | ) |   | - |   |   | (279,940 | ) |
|  Accrued expenses and sundry current liabilities                     |   |   | 944,136 |   |   | 172,653 |   |   | (2,026,051 | ) |
|                                                                      |   |   |   |   |   |   |   |   |   |   |
| Net cash provided by (used in) operating activities                       |   | $ | (83,409 | ) | $ | (542,803 | ) | $ | 5,735,533 |   |
|                                                                      |   |   |   |   |   |   |   |   |   |   |
| Investing activities                                                      |   |   |   |   |   |   |   |   |   |   |
|  Cash acquired during acquisition                                    |   |   | - |   |   | 38,115 |   |   | 38,115 |   |
|  Acquisitions of property and equipment                              |   |   | (496,000 | ) |   | - |   |   | (491,003 | ) |
|                                                                      |   |   |   |   |   |   |   |   |   |   |
| Net cash provided by (used in) investing activities                  |   | $ | (496,000 | ) | $ | 38,115 |   | $ | (452,888 | ) |
|                                                                      |   |   |   |   |   |   |   |   |   |   |
| Financing activities                                                      |   |   |   |   |   |   |   |   |   |   |
|                                                                      |   |   |   |   |   |   |   |   |   |   |
|  Stock payable                                                       |   |   | - |   |   | - |   |   | (1,000,000 | ) |
|  Issuance of common stock                                            |   |   | 195,760 |   |   | 140,000 |   |   | 411,010 |   |
|  Sale of common stock                                                |   |   |   |   |   |   |   |   | 1,003,400 |   |
|  Proceeds of loans payable                                           |   |   | 109,500 |   |   | (250,000 | ) |   | 109,500 |   |
|  Proceeds of loans payable shareholder                               |   |   | 298,125 |   |   | 592,845 |   |   | (5,909,242 | ) |
|                                                                      |   |   |   |   |   |   |   |   |   |   |
| Net cash provided by (used in) financing activities                       |   | $ | 603,385 |   | $ | 482,845 |   | $ | (5,385,332 | ) |
|                                                                      |   |   |   |   |   |   |   |   |   |   |
| Increase (decrease) in cash                                               |   |   | 23,976 |   |   | (21,843 | ) |   | (102,687 | ) |
|                                                                      |   |   |   |   |   |   |   |   |   |   |
| Cash- beginning of period                                                 |   |   | 1,944 |   |   | 23,787 |   |   | 128,607 |   |
|                                                                      |   |   |   |   |   |   |   |   |   |   |
| Cash - end of period                                                      |   | $ | 25,920 |   | $ | 1,944 |   | $ | 25,920 |   |
|                                                                      |   |   |   |   |   |   |   |   |   |   |
| Supplemental Disclosure of Cash Flow information                          |   |   |   |   |   |   |   |   |   |   |
|  Non cash financing activities                                       |   |   |   |   |   |   |   |   |   |   |
| Conversion of debt to Equity                                              |   | $ | 269,928 |   | $ | - |   | $ | 269,928 |   |

----

NOTES

----

| ·   | level l - quoted prices in active markets for Identical assets or liabilities |
|--------------------|-------------------------------------------------------------------------------|

| ·   | level 2 - quoted prices for similar assets and liabilities in active markets or inputs that are observable |
|--------------------|------------------------------------------------------------------------------------------------------------|

| ·   | level 3 - inputs that are unobservable (for example cash flow modeling inputs based on assumptions) |
|--------------------|-----------------------------------------------------------------------------------------------------|

----

----

| Assets:                |   |   |   |
|------------------------|--------|--------|--------|
| Cash                   |   |   | 38     |   |
| Technology Batteries   |   |   | 2,790  |   |
| Technology EM Fuel     |   |   | 80     |   |
| Customer Relationships |   |   | 3,350  |   |
| Goodwill               |   |   | 7,009  |   |
|                   |   | $      | 12,915 |   |
| Liabilities:           |   |   |   |   |
| Accrued Liabilities    |   |   | 452    |   |
| Minority interest      |   | $      | 5,643  |   |
|                   |   |   |   |   |
| Total Purchase Price   |   | $      | 7,172  |   |

----

|                           |   | December 31 |    |   | December 31, |   |
|--------------------------------|--------|-------------|---------|--------|--------------|--------|
|                           |   | 2010        |    |   | 2009         |   |
| Testing equipment              |   | $           | 496,000 |   |         | $      | - |   |
| Computer equipment             |   |        | 11,654  |   |         |   | 11,654 |   |
| Furniture & fixtures       |   |        | 12,701  |   |         |   | 12,701 |   |
|                           |   | $           | 520,355 |   |         | $      | 24,355 |   |
| Less: accumulated depreciation |   |        | 52,981  |   |         | $      | 11,128 |   |
|                           |   |        |    |   |         |   |   |   |
| Balance                        |   | $           | 467,374 |   |         | $      | 13,227 |   |

----

|                                  |   | December 31, |      |   | December 31, |   |
|---------------------------------------|--------|--------------|-----------|--------|--------------|--------|
|                                  |   | 2010         |      |   | 2009         |   |
| Technology Batteries                  |   |         | 2,790,000 |   |         |   | 2,790,000 |   |
| Technology EM Fuel                    |   |         | 80,000    |   |         |   | 80,000 |   |
| Customer Relationships                |   |         | -         |   |         |   | 3,350,000 |   |
|                                  |   | $            | 2,870,000 |   |         | $      | 6,220,000 |   |
|                                  |   |         |      |   |         |   |   |   |
| Less : accumulated amortization       |   |         | 253,515   |   |         |   | 163,748 |   |
|                                  |   |         |      |   |         |   |   |   |
|   Balance December 31, 2010 |   | $            | 2,616,485 |   |         | $      | 6,056,252 |   |

|                       |   | 2010   |      |   | 2009   |   |
|----------------------------|--------|--------|-----------|--------|--------|--------|
| Accrued interest           |   | $      | 42,177    |   |   | $      | 80,532 |   |
| Accrued operating expenses |   |   | 1,196,145 |   |   |   | 310,645 |   |
|                       |   | $      | 1,238,322 |   |   | $      | 391,177 |   |

----

----

| Debt conversion inducement expense consist of: |   |   |    |
|------------------------------------------------|--------|--------|---------|
| Black Mountain                                 |   | $      | 39,928  |   |
| Barclay Lyons                                  |   |   | 115,000 |   |
| War Chest Capital                              |   |   | 115,000 |   |
| Total                                          |   | $      | 269,928 |   |

----

| Stock based compensation cosists of: |   |   |    |
|--------------------------------------|--------|--------|---------|
| Michel St-Pierre                     |   | $      | 6,667   |
| Sinh Le                              |   |   | 22,240  |
| Kodiak Capital Group LLC             |   |   | 21,000  |
| Patrick Edwards                      |   |   | 71,500  |
| Total                                |   | $      | 121,407 |

| Options                          | Shares    |      | Weighted-Average Exercise Price |   | Weighted-Average Remaining Contractual Term |
|----------------------------------|-----------|-----------|---------------------------------|--------|---------------------------------------------|
| Outstanding at December 31, 2009 | 1,465,000 |      | $                               | 1.10   |                                        | 4.74 |
| Granted                          |      | -         |                            |   | -                                           |   | - |
| Exercised, forfeited, or expired |      | -         |                            |   | -                                           |   | - |
| Outstanding at December 31, 2010 |      | 1,465,000 |                            | $      | 1.10                                        |   |  3.74 |
|                             |      |      |                            |   |                                        |   |   |
| Exercisable at December 31, 2010 |      | 1,465,000 |                            | $      | 1.10                                        |   | 3.74 |

|                         |   | 2010   |       | 2009   |   |
|------------------------------|--------|--------|------------|--------|--------|
|  Deferred tax asset     |   | $      | 5,505,152  |   | $      | 2,652,358 |   |
|  Valuation allowance    |   |   | (5,505,152 | )      |   | (2,652,358 | ) |
|  Net deferred tax asset |   | $      | 0          |   | $      | 0 |   |

----

|                                |   | 2010   |   |   | 2009   |   |
|-------------------------------------|--------|--------|--------|--------|--------|--------|
| Revenues                            |   | $      | -      |   |   | $      | - |   |
|                                |   |   |   |   |   |   |   |   |
| General and administrative expenses |   | $      | -      |   |   | $      | 147,221 |   |
| Interest                            |   | $      | -      |   |   | $      | 38,230 |   |
|                                |   | $      | -      |   |   | $      | 185,451 |   |
|                                |   |   |   |   |   |   |   |   |
| Net Loss                            |   | $      | -      |   |   | $      | (185,451 | ) |

----

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

ITEM 9A.

----

ITEM 9B.

PART III

| ITEM 10. | DIRECTORS AND EXECUTIVE OFFICERS, PROMOTERS AND CORPORATE GOVERNANCE. |
|----------|-----------------------------------------------------------------------|

----

| Name              | Age | Position                       |
|-------------------|-----|--------------------------------|
| Michael Siegel    | 67  | Chief Executive Officer        |
| Jeung Kwak        | 64  | Chairman, Director             |
| Robert Egger, Jr. | 39  | Chief Operating Officer        |
| Tri Vu Truong     | 63  | Director                       |
| Claude Pellerin   | 41  | Director                       |
| Mark Lawson       | 38  | Director                       |
| Albert Beerli     | 68  | Director                       |
| Michel St-Pierre  | 48  | Acting Chief Financial Officer |

----

----

ITEM 11.

----

|                    |   |    |   |   |      | Non-         | Nonqualified |    |      |
|-------------------------|--------|---------|--------|--------|-----------|--------------|--------------|---------|-----------|
|                    |   |    |   |   |      | Equity       | Deferred     | All     |      |
|                    |   |    |   |   |      | Incentive    | Compensa-    | Other   |      |
|                    |   |    |   | Stock  | Option    | Plan         | tion         | Compen- |      |
| Name and                |   | Salary  | Bonus  | Awards | Awards    | Compensation | Earnings     | sation  | Total     |
| Principal Position      | Year   | (US$)   | (US$)  | (US$)  | (US$)     | (US$)        | (US$)        | (US$)   | (US$)     |
| (a)                     | (b)    | (c)     | (d)    | (e)    | (f)       | (g)          | (h)          | (i)     | (j)       |
|                    |   |    |   |   |      |         |         |    |      |
| Michael Siegel (2)      | 2010   | 120,000 | 0      | 0      | 0         | 0            | 0            | 0       | 120,000   |
| Chief Executive Officer | 2009   | 60,000  | 0      | 0      | 1,960,200 | 0            | 0            | 0       | 2,020,000 |
| and President           | 2008   | 0       | 0      | 0      | 0         | 0            | 0            | 0       | 0         |
|                    |   |    |   |   |      |         |         |    |      |
| John Kwak, (3)          | 2010   | 120,000 | 0      | 0      | 0         | 0            | 0            | 0       | 120,000   |
| Chairman and Director   | 2009   | 60,000  | 0      | 0      | 2,376,000 | 0            | 0            | 0       | 2,436,000 |
|                    | 2008   | 0       | 0      | 0      | 0         | 0            | 0            | 0       | 0         |
|                    |   |    |   |   |      |         |         |    |      |
| Robert Egger Jr. (4)    | 2010   | 60,000  | 0      | 0      | 0         | 0            | 0            | 0       | 60,000    |
| Chief Operating Officer | 2009   | 30,000  | 0      | 0      | 297,000   | 0            | 0            | 0       | 327,000   |
|                    | 2008   | 0       | 0      | 0      | 0         | 0            | 0            | 0       | 0         |
|                    |   |    |   |   |      |         |         |    |      |
| Tri Vu Truong (5)       | 2010   | 9,925   | 0      | 0      | 0         | 0            | 0            | 0       | 9,925     |
| Chief Executive Officer | 2009   | 8,000   | 0      | 0      | 200,500   | 0            | 0            | 0       | 208,500   |
| and President, resigned | 2008   | 190,689 | 0      | 0      | 0         | 0            | 0            | 0       | 190,689   |
|                    |   |    |   |   |      |         |         |    |      |
| Claude Pellerin, (6)    | 2010   | 0       | 0      | 0      | 0         | 0            | 0            | 0       | 0         |
| Director, President     | 2009   | 0       | 0      | 0      | 0         | 0            | 0            | 0       | 0         |
| and CEO                 | 2008   | 0       | 0      | 0      | 0         | 0            | 0            | 0       | 0         |
|                    |   |    |   |   |      |         |         |    |      |
| Michel St-Pierre (7)    | 2010   | 50,000  | 0      | 20,000 | 0         | 0            | 0            | 0       | 70,000    |
| CFO                     | 2009   | 41,500  | 0      | 0      | 0         | 0            | 0            | 0       | 41,500    |
|                    | 2008   | 108,644 | 0      | 0      | 0         | 0            | 0            | 0       | 108,644   |

| (1) | Prior to the acquisition of XL Generation AG, the Company's fiscal year ended April 30th. XL Generation AG, our wholly-owned subsidiary, had a fiscal year ending December 31st. Following the acquisition of XL Generation AG, we adopted the fiscal year end of XL Generation AG. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2) | Mr. Siegel has been appointed president and CEO on September 10, 2009.                                                                                                                                                                                                              |
| (3) | Mr. Kwak has been appointed Chairman and director on June 16, 2009                                                                                                                                                                                                                  |
| (4) | Mr. Egger has been appointed COO on September 10, 2009.                                                                                                                                                                                                                             |
| (5) | Mr. Truong has been appointed president and CEO on February 14, 2008. He resigned has President and CEO on September 10, 2009.                                                                                                                                                      |
| (6) | Mr. Pellerin was our president, CEO and a director from June 17, 2005 until August 19, 2005. He remains a director of our company.                                                                                                                                                  |
| (7) | Mr. St-Pierre has been our chief financial officer since July 28, 2006.                                                                                                                                                                                                             |
| (8) | Mr. Gilmour served as our principal executive office from August 22, 2007 to February 14, 2008.                                                                                                                                                                                     |

----

|                         | Fees    |   |   |           |         |         |   |
|------------------------------|---------|--------|--------|----------------|--------------|--------------|--------|
|                         | Earned  |   |   |           | Nonqualified |         |   |
|                         | or      |   |   | Non-Equity     | Deferred     |         |   |
|                         | Paid in | Stock  | Option | Incentive Plan | Compensation | All Other    |   |
|                         | Cash    | Awards | Awards | Compensation   | Earnings     | Compensation | Total  |
| Name                         | (US$)   | (US$)  | (US$)  | (US$)          | (US$)        | (US$)        | (US$)  |
| (a)                          | (b)     | (c)    | (d)    | (e)            | (f)          | (g)          | (h)    |
| Michael Siegel               | 0       | 0      | 0      | 0              | 0            | 0            | 0      |
|                         |    |   |   |           |         |         |   |
| Mark Lawson                  | 0       | 0      | 0      | 0              | 0            | 0            | 0      |
|                         |    |   |   |           |         |         |   |
| John Kwak                    | 0       | 0      | 0      | 0              | 0            | 0            | 0      |
|                         |    |   |   |           |         |         |   |
| Robert Egger, Jr.            | 0       | 0      | 0      | 0              | 0            | 0            | 0      |
|                         |    |   |   |           |         |         |   |
| Claude Pellerin              | 0       | 0      | 0      | 0              | 0            | 0            | 0      |
|                         |    |   |   |           |         |         |   |
| Tri Vu Truong                | 0       | 0      | 0      | 0              | 0            | 0            | 0      |
|                         |    |   |   |           |         |         |   |
| Albert Beerli                | 0       | 0      | 0      | 0              | 0            | 0            | 0      |
|                         |    |   |   |           |         |         |   |
| Robert Clarke (resigned)     | 0       | 0      | 0      | 0              | 0            | 0            | 0      |
|                         |    |   |   |           |         |         |   |
| Michael J. Oliver (resigned) | 0       | 0      | 0      | 0              | 0            | 0            | 0      |
|                         |    |   |   |           |         |         |   |
| Lim Ping Wai (resigned)      | 0       | 0      | 0      | 0              | 0            | 0            | 0      |

----

| ITEM 12. | SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS. |
|----------|-------------------------------------------------------------------------------------------------|

| Name of Beneficial Owner (1)                                | Shares     | Options/ Warrants | Total      | Percent |
|-------------------------------------------------------------|------------|-------------------|------------|---------|
| Michael Siegel (2)                                          | 21,070,000 | 0                 | 21,070,000 | 17.60%  |
| Jeung Kwak (3)                                              | 26,600,000 | 0                 | 26,600,000 | 22.22%  |
| Robert Egger Jr. (4)                                        | 2,700,000  | 0                 | 2,700,000  | 2.26%   |
| Tri Vu Truong (5)                                           | 4,900,000  | 0                 | 4,900,000  | 4.09%   |
| Claude Pellerin, (6)                                        | 0          | 200,000           | 200,000    | 0%      |
| Albert Beerli (7)                                           | 1,500,000  | 100,000           | 1,600,000  | 1.25%   |
|                                                        |       |              |       |    |
| Michel St-Pierre (8)                                        | 1,495,025  | 700,000           | 2,195,025  | 1.83%   |
| All executive officers and directors as a group (7 persons) | 58,265,025 | 1,000,000         | 59,265,025 | 49.52%  |
| Bradley Snower (9)                                          | 5,400,000  | 0                 | 5,400,000  | 4.51%   |
|                                                        |       |              |       |    |
| United Best Technology Limited (5)                          | 3,500,000  | 0                 | 3,500,000  | 2.92%   |
| Cede & Co (10)                                          | 35,257,663 | 0                 | 35,257,663 | 29.46%  |

| (1) | The mailing address for each of the listed individuals is c/o Ecolocap Solutions International Inc., 1250 S. Grove Ave, Suite 308, Barrington, Illinois, 60010. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2) | Owner of 5% or more of our common stock. Mr.Siegel, is the President and Chief Executive Officer.                                                               |
| (3) | Owner of 5% or more of our common stock. Mr. Kwak, is Chairman of the Board of Directors.                                                                       |
| (4) | Director. Mr.Egger, is the Chief Operating Officer.                                                                                                             |
| (5) | Director. Mr. Truong, is the President and Chief Executive Officer of United Best Technology Limited.                                                           |
| (6) | Director                                                                                                                                                        |
| (7) | Director                                                                                                                                                        |

----

| (8)  | Chief Financial Officer.                 |
|------|------------------------------------------|
| (9)  | Owner of 5% or more of our common stock. |
| (10) | Owner of 5% or more of our common stock. |

| ITEM 13. | CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE. |
|----------|----------------------------------------------------------------------------|

----

ITEM 14.

----

PART IV.

ITEM 15.

|           |                                                                                  | Incorporated by reference |     |
|----------------|---------------------------------------------------------------------------------------|---------------------------|----------|
| Exhibit Number | Document Description                                                                  | Form                      | Date     | Number | Filed herewith |
| 3.1            | Articles of Incorporation, as amended.                                                | SB-2                      | 5/28/04  | 3.1 |   |
|           |                                                                                  |                      |     |   |   |
| 3.2            | Bylaws.                                                                               | SB-2                      | 5/28/04  | 3.2 |   |
|           |                                                                                  |                      |     |   |   |
| 3.3            | Certificate of Amendment to Articles of Incorporation.                                | 10-QSB                    | 12/30/05 | 3.3 |   |
|           |                                                                                  |                      |     |   |   |
| 3.4            | Bylaws, as amended on March 17, 2006.                                                 | 10-KSB                    | 4/13/06  | 3.4 |   |
|           |                                                                                  |                      |     |   |   |
| 10.1           | Letter of Intent with XL Generation AG.                                               | 8-K                       | 7/6/05   | 99.1 |   |
|           |                                                                                  |                      |     |   |   |
| 10.2           | Share Exchange Agreement with XL Generation AG.                                       | 8-K                       | 8/19/05  | 99.1 |   |
|           |                                                                                  |                      |     |   |   |
| 10.3           | Loan Agreement with Capex Investments.                                                | 8-K                       | 9/14/05  | 99.1 |   |
|           |                                                                                  |                      |     |   |   |
| 10.4           | Form of Indemnification Agreement with Capex Investments Limited.                     | 8-K/A                     | 11/1/05  | 10.4 |   |
|           |                                                                                  |                      |     |   |   |
| 10.5           | Common Stock Purchase Agreement with Capex Investments Limited.                       | 8-K                       | 11/15/05 | 10.5 |   |
|           |                                                                                  |                      |     |   |   |
| 10.6           | Common Stock Purchase Agreement with Aton Selct Fund Limited.                         | 8-K                       | 11/15/05 | 10.6 |   |
|           |                                                                                  |                      |     |   |   |
| 10.7           | Common Stock Purchase Agreement with Asset Protection Fund Limited.                   | 8-K                       | 11/15/05 | 10.7 |   |
|           |                                                                                  |                      |     |   |   |
| 10.8           | Series A Warrant to Purchase Shares of Common Stock to Capex Investments Limited.     | 8-K                       | 11/15/05 | 10.8 |   |
|           |                                                                                  |                      |     |   |   |
| 10.9           | Series A Warrant to Purchase Shares of Common Stock to Aton Select Fund Limited.      | 8-K                       | 11/15/05 | 10.9 |   |
|           |                                                                                  |                      |     |   |   |
| 10.10          | Series A Warrant to Purchase Shares of Common Stock to Asset Protection Fund Limited. | 8-K                       | 11/15/05 | 10.10 |   |
|           |                                                                                  |                      |     |   |   |
| 10.11          | Registration Rights Agreement with Capex Investments Limited.                         | 8-K                       | 11/15/05 | 10.11 |   |

----

| 10.12  | Registration Rights Agreement with Aton Select Fund Limited.                                                        | 8-K    | 11/15/05 | 10.12  |   |
|--------|---------------------------------------------------------------------------------------------------------------------|--------|----------|--------|--------|
|   |                                                                                                                |   |     |   |   |
| 10.13  | Registration Rights Agreement with Asset Protection Fund Limited.                                                   | 8-K    | 11/15/05 | 10.13  |   |
|   |                                                                                                                |   |     |   |   |
| 10.14  | Amendment to the Common Stock Purchase Agreement with Aton Select Fund Limited.                                     | 8-K    | 12/08/05 | 10.14  |   |
|   |                                                                                                                |   |     |   |   |
| 10.15  | Amendment to the Common Stock Purchase Agreement with Asset Protection Fund Limited.                                | 8-K    | 12/08/05 | 10.15  |   |
|   |                                                                                                                |   |     |   |   |
| 10.16  | Lease Agreement with 866 U.N. Plaza Associates LLC.                                                                 | 10-QSB | 12/30/05 | 10.16  |   |
|   |                                                                                                                |   |     |   |   |
| 10.17  | Exclusive Manufacturing License Agreement and Non-Exclusive Distribution Agreement with APW Inc.                    | 10-QSB | 12/30/05 | 10.17  |   |
|   |                                                                                                                |   |     |   |   |
| 10.18  | Common Stock Purchase Agreement with Professional Trading Services SA.                                              | SB-2   | 1/13/06  | 10.18  |   |
|   |                                                                                                                |   |     |   |   |
| 10.19  | Series B Warrant to Purchase Shares of Common Stock to Professional Trading Services SA.                            | SB-2   | 1/13/06  | 10.19  |   |
|   |                                                                                                                |   |     |   |   |
| 10.20  | Registration Rights Agreement with Professional Trading Services SA.                                                | SB-2   | 1/13/06  | 10.20  |   |
|   |                                                                                                                |   |     |   |   |
| 10.21  | Amended and Restated Common Stock Purchase Agreement with Bank Sal. Oppenheim Jr. & Cie. (Switzerland) Limited. | SB-2   | 1/13/06  | 10.21  |   |
|   |                                                                                                                |   |     |   |   |
| 10.22  | Series B Warrant to Purchase Shares of Common Stock to Bank Sal. Oppenheim Jr. & Cie. (Switzerland) Limited.    | SB-2   | 1/13/06  | 10.22  |   |
|   |                                                                                                                |   |     |   |   |
| 10.23  | Agreement of Withdrawal from Stadium SA.                                                                            | SB-2   | 1/13/06  | 10.23  |   |
|   |                                                                                                                |   |     |   |   |
| 10.24  | License Agreement with WKF/5 Ltd.                                                                                   | SB-2   | 1/13/06  | 10.24  |   |
|   |                                                                                                                |   |     |   |   |
| 10.25  | Amendment to License Agreement with WKF/5 Ltd and Alain Lemieux.                                                    | SB-2   | 1/13/06  | 10.25  |   |
|   |                                                                                                                |   |     |   |   |
| 10.26  | Form of Subscription Agreement.                                                                                     | SB-2   | 5/28/04  | 99.1   |   |
|   |                                                                                                                |   |     |   |   |
| 10.27  | Employment Agreement with Alain Lemieux.                                                                            | 10-KSB | 4/13/06  | 10.27  |   |
|   |                                                                                                                |   |     |   |   |
| 10.28  | Employment Agreement with Daniel Courteau.                                                                          | 10-KSB | 4/13/06  | 10.28  |   |
|   |                                                                                                                |   |     |   |   |
| 10.29  | Employment Agreement with Flemming Munck.                                                                           | 10-KSB | 4/13/06  | 10.29  |   |
|   |                                                                                                                |   |     |   |   |
| 10.30  | Employment Agreement with Eric Giguere.                                                                             | 10-KSB | 4/13/06  | 10.30  |   |
|   |                                                                                                                |   |     |   |   |
| 10.31  | Endorsement Agreement with La Societe 421 Productions.                                                              | 10-KSB | 4/13/06  | 10.31  |   |
|   |                                                                                                                |   |     |   |   |

----

| 10.32  | Summary of terms and conditions of Oral Consulting Agreement with Greendale Consulting Limited. | 10-KSB | 4/13/06  | 10.32  |   |
|--------|-------------------------------------------------------------------------------------------------|--------|----------|--------|--------|
|   |                                                                                            |   |     |   |   |
| 10.33  | Exclusive Manufacturing License Agreement with Polyprod Inc.                                    | 10-KSB | 4/13/06  | 10.33  |   |
|   |                                                                                            |   |     |   |   |
| 10.34  | Management Fee Arrangement with Polyprod Inc.                                                   | 10-KSB | 4/13/06  | 10.34  |   |
|   |                                                                                            |   |     |   |   |
| 10.35  | Supply Contract with Febra- Kunststoffe GimbH and BASF Aktiengesellschaft.                      | 10-KSB | 4/13/06  | 10.35  |   |
|   |                                                                                            |   |     |   |   |
| 10.36  | Loan Agreement with Fiducie Alain Lemieux.                                                      | 10-KSB | 4/13/06  | 10.36  |   |
|   |                                                                                            |   |     |   |   |
| 10.37  | Confirmation of Debt.                                                                           | 10-KSB | 4/13/06  | 10.37  |   |
|   |                                                                                            |   |     |   |   |
| 10.38  | Agreement with Daniel Courteau regarding Repayment of loans to Symbior Technologies Inc.        | 10-KSB | 4/13/06  | 10.38  |   |
|   |                                                                                            |   |     |   |   |
| 10.39  | 2006 Equity Incentive Plan.                                                                     | 10-KSB | 4/13/06  | 10.39  |   |
|   |                                                                                            |   |     |   |   |
| 10.40  | Loan Agreement with Albert Beerli.                                                              | 10-KSB | 4/13/06  | 10.40  |   |
|   |                                                                                            |   |     |   |   |
| 10.41  | Summary of terms and conditions of Loan Agreement with Albert Beerli.                           | 10-KSB | 4/13/06  | 10.41  |   |
|   |                                                                                            |   |     |   |   |
| 10.42  | Lease Agreement with Albert Beerli.                                                             | 10-KSB | 4/13/06  | 10.42  |   |
|   |                                                                                            |   |     |   |   |
| 10.43  | Memorandum regarding XL Generation Canada Inc.                                                  | 10-KSB | 4/13/06  | 10.43  |   |
|   |                                                                                            |   |     |   |   |
| 10.44  | Stock Purchase Agreement with XL Generation AG and Stadium SA.                                  | 10-KSB | 4/13/06  | 10.44  |   |
|   |                                                                                            |   |     |   |   |
| 10.45  | Common Stock Purchase Agreement with Poma Management SA.                                        | 10-QSB | 9/13/06  | 10.45  |   |
|   |                                                                                            |   |     |   |   |
| 10.46  | Common Stock Purchase Agreement with Aton Select Fund Limited.                                  | 10-QSB | 9/13/06  | 10.46  |   |
|   |                                                                                            |   |     |   |   |
| 10.47  | Consulting Agreement by and between Ecolocap Solutions Inc. and Lakeview Consulting LLC.        | 8-K    | 11/11/08 | 10.47  |   |
|   |                                                                                            |   |     |   |   |
| 10.48  | “ERPA” with Hong Kong Construction Investment Joint Stock Company.                  | 8-K    | 12/23/08 | 10.1   |   |
|   |                                                                                            |   |     |   |   |
| 10.49  | “ERPA” with Thuong Hai Joint Stock Company.                                         | 8-K    | 12/23/08 | 10.2   |   |
|   |                                                                                            |   |     |   |   |
| 10.50  | “ERPA” with Vietnam Power Development Joint Stock Company.                          | 8-K    | 12/23/08 | 10.3   |   |
|   |                                                                                            |   |     |   |   |
| 10.51  | “ERPA” with Hop Xuan Investment Joint Stock Company, Vietnam.                       | 8-K    | 12/23/08 | 10.4   |   |
|   |                                                                                            |   |     |   |   |

----

| 10.52  | “ERPA” with ThangLong Education Development and Construction Import Export Investment Joint Stock Company. | 8-K    | 12/23/08 | 10.5   |   |
|--------|------------------------------------------------------------------------------------------------------------------------|--------|----------|--------|--------|
|   |                                                                                                                   |   |     |   |   |
| 10.53  | Revised Consulting Agreement with Sodexen Inc.                                                                         | 8-K    | 12/23/08 | 10.6   |   |
|   |                                                                                                                   |   |     |   |   |
| 10.54  | Agreement with United Best Technology Limited.                                                                         | 8-K    | 12/23/08 | 10.7   |   |
|   |                                                                                                                   |   |     |   |   |
| 10.55  | Escrow Agreement with United Best Technology Limited.                                                                  | 8-K    | 12/23/08 | 10.8   |   |
|   |                                                                                                                   |   |     |   |   |
| 10.56  | “ERPA” with Tan Hiep Phuc Electricity Construction Joint-Stock Company Vietnam.                            | 8-K    | 12/23/08 | 10.9   |   |
|   |                                                                                                                   |   |     |   |   |
| 10.57  | “ERPA” with Tuan Anh Hydraulic Development and Construction Investment Corporation, Vietnam.               | 8-K    | 12/23/08 | 10.10  |   |
|   |                                                                                                                   |   |     |   |   |
| 10.58  | “ERPA” with Lao Cai Energy & Resources Investment Joint Stock Company, Vietnam.                        | 8-K    | 12/23/08 | 10.11  |   |
|   |                                                                                                                   |   |     |   |   |
| 10.59  | “ERPA” with Xiangton Iron and Steel Group Co. Ltd.                                                         | 8-K    | 12/23/08 | 10.12  | `      |
|   |                                                                                                                   |   |     |   |   |
| 10.60  | “ERPA” with Hunan Valin Xiangton Iron & Steel Co. Ltd.                                                 | 8-K    | 12/23/08 | 10.13  |   |
|   |                                                                                                                   |   |     |   |   |
| 10.61  | “ERPA” with Hebi Coal Industry (Group) Co. Ltd.                                                            | 8-K    | 12/23/08 | 10.14  |   |
|   |                                                                                                                   |   |     |   |   |
| 10.62  | “ERPA” with Hebei Jinlong Cement Group Co., Ltd.                                                           | 8-K    | 12/23/08 | 10.15  |   |
|   |                                                                                                                   |   |     |   |   |
| 10.63  | “ERPA” with Bao Tan Hydro Electric Joint-Stock Company.                                                    | 8-K    | 12/23/08 | 10.16  |   |
|   |                                                                                                                   |   |     |   |   |
| 10.64  | “ERPA” with Construction and Infrastruction Development Joint-Stock Company Number Nine.                   | 8-K    | 12/23/08 | 10.17  |   |
|   |                                                                                                                   |   |     |   |   |
| 10.65  | Greenhouse Gas Offset Management Services Representation Agreement.                                                    | 8-K    | 12/23/08 | 10.18  |   |
|   |                                                                                                                   |   |     |   |   |
| 10.66  | “ERPA” with Xinjiang Xiangjianfeng Energy and Technology Development Co. Ltd.                              | 8-K    | 12/23/08 | 10.19  |   |
|   |                                                                                                                   |   |     |   |   |
| 10.67  | Technical Service Agreement with Xinjiang Xiangjinfeng Energy and Technology Development Co., Ltd.                     | 8-K    | 12/23/08 | 10.20  |   |
|   |                                                                                                                   |   |     |   |   |
| 10.68  | Technical Service Agreement with Hebei Fengda Metallized Pellet Co., Ltd.                                              | 8-K    | 12/23/08 | 10.21  |   |
|   |                                                                                                                   |   |     |   |   |
| 10.69  | “ERPA” with Hebei Fengda Metallized Pellet Co., Ltd.                                                       | 8-K    | 12/23/08 | 10.22  |   |
|   |                                                                                                                   |   |     |   |   |
| 10.70  | “ERPA” with Shandong Chengzeyuan Environment Protection Engineering Co. Ltd.                               | 8-K    | 12/23/08 | 10.23  |   |
|   |                                                                                                                   |   |     |   |   |
| 10.71  | Technical Services Agreement with Shandong Chengzeyuan Environment Protection Engineering Co., Ltd.                    | 8-K    | 12/23/08 | 10.24  |   |

----

| 10.72  | Technical Services Agreement with Leshan Kingssun Group Co. Ltd.                                         | 8-K    | 12/23/08 | 10.25  |   |
|--------|----------------------------------------------------------------------------------------------------------|--------|----------|--------|--------|
|   |                                                                                                     |   |     |   |   |
| 10.73  | “ERPA” with Leshan Kingssun Group Co., Ltd.                                                  | 8-K    | 12/23/08 | 10.26  |   |
|   |                                                                                                     |   |     |   |   |
| 14.1   | Code of Ethics.                                                                                          | 10-KSB | 3/31/08  | 14.1   |   |
|   |                                                                                                     |   |     |   |   |
| 31.1   | Certification of Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.  |   |     |   | X      |
|   |                                                                                                     |   |     |   |   |
| 31.2   | Certification of Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.  |   |     |   | X      |
|   |                                                                                                     |   |     |   |   |
| 32.1   | Certification pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 for the Chief Executive Officer. |   |     |   | X      |
|   |                                                                                                     |   |     |   |   |
| 32.2   | Certification pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 for the Chief Financial Officer. |   |     |   | X      |
|   |                                                                                                     |   |     |   |   |
| 99.1   | Audit Committee Charter.                                                                                 | 10-KSB | 3/31/08  | 99.1   |   |
|   |                                                                                                     |   |     |   |   |
| 99.2   | Executive Committee Charter.                                                                             | 10-KSB | 3/31/08  | 99.2   |   |
|   |                                                                                                     |   |     |   |   |
| 99.3   | Nominating and Corporate Governance Committee Charter.                                                   | 10-KSB | 3/31/08  | 99.3   |   |
|   |                                                                                                     |   |     |   |   |
| 99.4   | Stock Option Plan.                                                                                       | 10-KSB | 3/31/08  | 99.4   |   |

----

SIGNATURES

|   | ECOLOCAP SOLUTIONS INC. |
|--------|-------------------------|
|   |                    |   |
|   | BY:                     | MICHAEL SIEGEL |
|   |                    | Michael Siegel |
|   |                    | Principal Executive Officer and a member of the |
|   |                    | Board of Directors |
|   |                    |   |
|   | BY:                     | MICHEL ST-PIERRE |
|   |                    | Michel St-Pierre |
|   |                    | Principal Financial Officer and Principal |
|   |                    | Accounting Officer |

| Signature        | Title                                                     | Date           |
|------------------|-----------------------------------------------------------|----------------|
|             |                                                      |           |
| MICHAEL SIEGEL   | President, Chief Executive Officer, Treasurer, Chief      | April 14, 2011 |
| Michael Siegel   | Financial Officer, and a member of the Board of Directors |           |
|             |                                                      |           |
| MARK LAWSON      | Director                                                  | April 14, 2011 |
| Mark Lawson      |                                                      |           |
|             |                                                      |           |
| JOHN KWAK        | Director                                                  | April 14, 2011 |
| John Kwak        |                                                      |           |
|             |                                                      |           |
| ROBERT EGGER JR. | Director                                                  | April 14, 2011 |
| Robert Egger Jr. |                                                      |           |
|             |                                                      |           |
| CLAUDE PELLERIN  | Director                                                  | April 14, 2011 |
| Claude Pellerin  |                                                      |           |
|             |                                                      |           |
| TRI VU TRUONG    | Director                                                  | April 14, 2011 |
| Tri Vu Truong    |                                                      |           |
|             |                                                      |           |
| ALBERT BEERLI    | Director                                                  | April 14, 2011 |
| Albert Beerli    |                                                      |           |

----

EXHIBIT INDEX

|           |                                                                                  | Incorporated by reference |     |
|----------------|---------------------------------------------------------------------------------------|---------------------------|----------|
| Exhibit Number | Document Description                                                                  | Form                      | Date     | Number | Filed herewith |
| 3.1            | Articles of Incorporation, as amended.                                                | SB-2                      | 5/28/04  | 3.1 |   |
|           |                                                                                  |                      |     |   |   |
| 3.2            | Bylaws.                                                                               | SB-2                      | 5/28/04  | 3.2 |   |
|           |                                                                                  |                      |     |   |   |
| 3.3            | Certificate of Amendment to Articles of Incorporation.                                | 10-QSB                    | 12/30/05 | 3.3 |   |
|           |                                                                                  |                      |     |   |   |
| 3.4            | Bylaws, as amended on March 17, 2006.                                                 | 10-KSB                    | 4/13/06  | 3.4 |   |
|           |                                                                                  |                      |     |   |   |
| 10.1           | Letter of Intent with XL Generation AG.                                               | 8-K                       | 7/6/05   | 99.1 |   |
|           |                                                                                  |                      |     |   |   |
| 10.2           | Share Exchange Agreement with XL Generation AG.                                       | 8-K                       | 8/19/05  | 99.1 |   |
|           |                                                                                  |                      |     |   |   |
| 10.3           | Loan Agreement with Capex Investments.                                                | 8-K                       | 9/14/05  | 99.1 |   |
|           |                                                                                  |                      |     |   |   |
| 10.4           | Form of Indemnification Agreement with Capex Investments Limited.                     | 8-K/A                     | 11/1/05  | 10.4 |   |
|           |                                                                                  |                      |     |   |   |
| 10.5           | Common Stock Purchase Agreement with Capex Investments Limited.                       | 8-K                       | 11/15/05 | 10.5 |   |
|           |                                                                                  |                      |     |   |   |
| 10.6           | Common Stock Purchase Agreement with Aton Selct Fund Limited.                         | 8-K                       | 11/15/05 | 10.6 |   |
|           |                                                                                  |                      |     |   |   |
| 10.7           | Common Stock Purchase Agreement with Asset Protection Fund Limited.                   | 8-K                       | 11/15/05 | 10.7 |   |
|           |                                                                                  |                      |     |   |   |
| 10.8           | Series A Warrant to Purchase Shares of Common Stock to Capex Investments Limited.     | 8-K                       | 11/15/05 | 10.8 |   |
|           |                                                                                  |                      |     |   |   |
| 10.9           | Series A Warrant to Purchase Shares of Common Stock to Aton Select Fund Limited.      | 8-K                       | 11/15/05 | 10.9 |   |
|           |                                                                                  |                      |     |   |   |
| 10.10          | Series A Warrant to Purchase Shares of Common Stock to Asset Protection Fund Limited. | 8-K                       | 11/15/05 | 10.10 |   |
|           |                                                                                  |                      |     |   |   |
| 10.11          | Registration Rights Agreement with Capex Investments Limited.                         | 8-K                       | 11/15/05 | 10.11 |   |
|           |                                                                                  |                      |     |   |   |
| 10.12          | Registration Rights Agreement with Aton Select Fund Limited.                          | 8-K                       | 11/15/05 | 10.12 |   |
|           |                                                                                  |                      |     |   |   |
| 10.13          | Registration Rights Agreement with Asset Protection Fund Limited.                     | 8-K                       | 11/15/05 | 10.13 |   |
|           |                                                                                  |                      |     |   |   |
| 10.14          | Amendment to the Common Stock Purchase Agreement with Aton Select Fund Limited.       | 8-K                       | 12/08/05 | 10.14 |   |
|           |                                                                                  |                      |     |   |   |
| 10.15          | Amendment to the Common Stock Purchase Agreement with Asset Protection Fund Limited.  | 8-K                       | 12/08/05 | 10.15 |   |

----

| 10.16  | Lease Agreement with 866 U.N. Plaza Associates LLC.                                                                 | 10-QSB | 12/30/05 | 10.16  |   |
|--------|---------------------------------------------------------------------------------------------------------------------|--------|----------|--------|--------|
|   |                                                                                                                |   |     |   |   |
| 10.17  | Exclusive Manufacturing License Agreement and Non-Exclusive Distribution Agreement with APW Inc.                    | 10-QSB | 12/30/05 | 10.17  |   |
|   |                                                                                                                |   |     |   |   |
| 10.18  | Common Stock Purchase Agreement with Professional Trading Services SA.                                              | SB-2   | 1/13/06  | 10.18  |   |
|   |                                                                                                                |   |     |   |   |
| 10.19  | Series B Warrant to Purchase Shares of Common Stock to Professional Trading Services SA.                            | SB-2   | 1/13/06  | 10.19  |   |
|   |                                                                                                                |   |     |   |   |
| 10.20  | Registration Rights Agreement with Professional Trading Services SA.                                                | SB-2   | 1/13/06  | 10.20  |   |
|   |                                                                                                                |   |     |   |   |
| 10.21  | Amended and Restated Common Stock Purchase Agreement with Bank Sal. Oppenheim Jr. & Cie. (Switzerland) Limited. | SB-2   | 1/13/06  | 10.21  |   |
|   |                                                                                                                |   |     |   |   |
| 10.22  | Series B Warrant to Purchase Shares of Common Stock to Bank Sal. Oppenheim Jr. & Cie. (Switzerland) Limited.    | SB-2   | 1/13/06  | 10.22  |   |
|   |                                                                                                                |   |     |   |   |
| 10.23  | Agreement of Withdrawal from Stadium SA.                                                                            | SB-2   | 1/13/06  | 10.23  |   |
|   |                                                                                                                |   |     |   |   |
| 10.24  | License Agreement with WKF/5 Ltd.                                                                                   | SB-2   | 1/13/06  | 10.24  |   |
|   |                                                                                                                |   |     |   |   |
| 10.25  | Amendment to License Agreement with WKF/5 Ltd and Alain Lemieux.                                                    | SB-2   | 1/13/06  | 10.25  |   |
|   |                                                                                                                |   |     |   |   |
| 10.26  | Form of Subscription Agreement.                                                                                     | SB-2   | 5/28/04  | 99.1   |   |
|   |                                                                                                                |   |     |   |   |
| 10.27  | Employment Agreement with Alain Lemieux.                                                                            | 10-KSB | 4/13/06  | 10.27  |   |
|   |                                                                                                                |   |     |   |   |
| 10.28  | Employment Agreement with Daniel Courteau.                                                                          | 10-KSB | 4/13/06  | 10.28  |   |
|   |                                                                                                                |   |     |   |   |
| 10.29  | Employment Agreement with Flemming Munck.                                                                           | 10-KSB | 4/13/06  | 10.29  |   |
|   |                                                                                                                |   |     |   |   |
| 10.30  | Employment Agreement with Eric Giguere.                                                                             | 10-KSB | 4/13/06  | 10.30  |   |
|   |                                                                                                                |   |     |   |   |
| 10.31  | Endorsement Agreement with La Societe 421 Productions.                                                              | 10-KSB | 4/13/06  | 10.31  |   |
|   |                                                                                                                |   |     |   |   |
| 10.32  | Summary of terms and conditions of Oral Consulting Agreement with Greendale Consulting Limited.                     | 10-KSB | 4/13/06  | 10.32  |   |
|   |                                                                                                                |   |     |   |   |
| 10.33  | Exclusive Manufacturing License Agreement with Polyprod Inc.                                                        | 10-KSB | 4/13/06  | 10.33  |   |
|   |                                                                                                                |   |     |   |   |
| 10.34  | Management Fee Arrangement with Polyprod Inc.                                                                       | 10-KSB | 4/13/06  | 10.34  |   |
|   |                                                                                                                |   |     |   |   |
| 10.35  | Supply Contract with Febra- Kunststoffe GimbH and BASF Aktiengesellschaft.                                          | 10-KSB | 4/13/06  | 10.35  |   |
|   |                                                                                                                |   |     |   |   |
| 10.36  | Loan Agreement with Fiducie Alain Lemieux.                                                                          | 10-KSB | 4/13/06  | 10.36  |   |
|   |                                                                                                                |   |     |   |   |

----

| 10.37  | Confirmation of Debt.                                                                                                  | 10-KSB | 4/13/06  | 10.37  |   |
|--------|------------------------------------------------------------------------------------------------------------------------|--------|----------|--------|--------|
|   |                                                                                                                   |   |     |   |   |
| 10.38  | Agreement with Daniel Courteau regarding Repayment of loans to Symbior Technologies Inc.                               | 10-KSB | 4/13/06  | 10.38  |   |
|   |                                                                                                                   |   |     |   |   |
| 10.39  | 2006 Equity Incentive Plan.                                                                                            | 10-KSB | 4/13/06  | 10.39  |   |
|   |                                                                                                                   |   |     |   |   |
| 10.40  | Loan Agreement with Albert Beerli.                                                                                     | 10-KSB | 4/13/06  | 10.40  |   |
|   |                                                                                                                   |   |     |   |   |
| 10.41  | Summary of terms and conditions of Loan Agreement with Albert Beerli.                                                  | 10-KSB | 4/13/06  | 10.41  |   |
|   |                                                                                                                   |   |     |   |   |
| 10.42  | Lease Agreement with Albert Beerli.                                                                                    | 10-KSB | 4/13/06  | 10.42  |   |
|   |                                                                                                                   |   |     |   |   |
| 10.43  | Memorandum regarding XL Generation Canada Inc.                                                                         | 10-KSB | 4/13/06  | 10.43  |   |
|   |                                                                                                                   |   |     |   |   |
| 10.44  | Stock Purchase Agreement with XL Generation AG and Stadium SA.                                                         | 10-KSB | 4/13/06  | 10.44  |   |
|   |                                                                                                                   |   |     |   |   |
| 10.45  | Common Stock Purchase Agreement with Poma Management SA.                                                               | 10-QSB | 9/13/06  | 10.45  |   |
|   |                                                                                                                   |   |     |   |   |
| 10.46  | Common Stock Purchase Agreement with Aton Select Fund Limited.                                                         | 10-QSB | 9/13/06  | 10.46  |   |
|   |                                                                                                                   |   |     |   |   |
| 10.47  | Consulting Agreement by and between Ecolocap Solutions Inc. and Lakeview Consulting LLC.                               | 8-K    | 11/11/08 | 10.47  |   |
|   |                                                                                                                   |   |     |   |   |
| 10.48  | “ERPA” with Hong Kong Construction Investment Joint Stock Company.                                         | 8-K    | 12/23/08 | 10.1   |   |
|   |                                                                                                                   |   |     |   |   |
| 10.49  | “ERPA” with Thuong Hai Joint Stock Company.                                                                | 8-K    | 12/23/08 | 10.2   |   |
|   |                                                                                                                   |   |     |   |   |
| 10.50  | “ERPA” with Vietnam Power Development Joint Stock Company.                                                 | 8-K    | 12/23/08 | 10.3   |   |
|   |                                                                                                                   |   |     |   |   |
| 10.51  | “ERPA” with Hop Xuan Investment Joint Stock Company, Vietnam.                                              | 8-K    | 12/23/08 | 10.4   |   |
|   |                                                                                                                   |   |     |   |   |
| 10.52  | “ERPA” with ThangLong Education Development and Construction Import Export Investment Joint Stock Company. | 8-K    | 12/23/08 | 10.5   |   |
|   |                                                                                                                   |   |     |   |   |
| 10.53  | Revised Consulting Agreement with Sodexen Inc.                                                                         | 8-K    | 12/23/08 | 10.6   |   |
|   |                                                                                                                   |   |     |   |   |
| 10.54  | Agreement with United Best Technology Limited.                                                                         | 8-K    | 12/23/08 | 10.7   |   |
|   |                                                                                                                   |   |     |   |   |
| 10.55  | Escrow Agreement with United Best Technology Limited.                                                                  | 8-K    | 12/23/08 | 10.8   |   |
|   |                                                                                                                   |   |     |   |   |
| 10.56  | “ERPA” with Tan Hiep Phuc Electricity Construction Joint-Stock Company Vietnam.                            | 8-K    | 12/23/08 | 10.9   |   |
|   |                                                                                                                   |   |     |   |   |

----

| 10.57  | “ERPA” with Tuan Anh Hydraulic Development and Construction Investment Corporation, Vietnam. | 8-K    | 12/23/08 | 10.10  |   |
|--------|----------------------------------------------------------------------------------------------------------|--------|----------|--------|--------|
|   |                                                                                                     |   |     |   |   |
| 10.58  | “ERPA” with Lao Cai Energy & Resources Investment Joint Stock Company, Vietnam.          | 8-K    | 12/23/08 | 10.11  |   |
|   |                                                                                                     |   |     |   |   |
| 10.59  | “ERPA” with Xiangton Iron and Steel Group Co. Ltd.                                           | 8-K    | 12/23/08 | 10.12  | `      |
|   |                                                                                                     |   |     |   |   |
| 10.60  | “ERPA” with Hunan Valin Xiangton Iron & Steel Co. Ltd.                                   | 8-K    | 12/23/08 | 10.13  |   |
|   |                                                                                                     |   |     |   |   |
| 10.61  | “ERPA” with Hebi Coal Industry (Group) Co. Ltd.                                              | 8-K    | 12/23/08 | 10.14  |   |
|   |                                                                                                     |   |     |   |   |
| 10.62  | “ERPA” with Hebei Jinlong Cement Group Co., Ltd.                                             | 8-K    | 12/23/08 | 10.15  |   |
|   |                                                                                                     |   |     |   |   |
| 10.63  | “ERPA” with Bao Tan Hydro Electric Joint-Stock Company.                                      | 8-K    | 12/23/08 | 10.16  |   |
|   |                                                                                                     |   |     |   |   |
| 10.64  | “ERPA” with Construction and Infrastruction Development Joint-Stock Company Number Nine.     | 8-K    | 12/23/08 | 10.17  |   |
|   |                                                                                                     |   |     |   |   |
| 10.65  | Greenhouse Gas Offset Management Services Representation Agreement.                                      | 8-K    | 12/23/08 | 10.18  |   |
|   |                                                                                                     |   |     |   |   |
| 10.66  | “ERPA” with Xinjiang Xiangjianfeng Energy and Technology Development Co. Ltd.                | 8-K    | 12/23/08 | 10.19  |   |
|   |                                                                                                     |   |     |   |   |
| 10.67  | Technical Service Agreement with Xinjiang Xiangjinfeng Energy and Technology Development Co., Ltd.       | 8-K    | 12/23/08 | 10.20  |   |
|   |                                                                                                     |   |     |   |   |
| 10.68  | Technical Service Agreement with Hebei Fengda Metallized Pellet Co., Ltd.                                | 8-K    | 12/23/08 | 10.21  |   |
|   |                                                                                                     |   |     |   |   |
| 10.69  | “ERPA” with Hebei Fengda Metallized Pellet Co., Ltd.                                         | 8-K    | 12/23/08 | 10.22  |   |
|   |                                                                                                     |   |     |   |   |
| 10.70  | “ERPA” with Shandong Chengzeyuan Environment Protection Engineering Co. Ltd.                 | 8-K    | 12/23/08 | 10.23  |   |
|   |                                                                                                     |   |     |   |   |
| 10.71  | Technical Services Agreement with Shandong Chengzeyuan Environment Protection Engineering Co., Ltd.      | 8-K    | 12/23/08 | 10.24  |   |
|   |                                                                                                     |   |     |   |   |
| 10.72  | Technical Services Agreement with Leshan Kingssun Group Co. Ltd.                                         | 8-K    | 12/23/08 | 10.25  |   |
|   |                                                                                                     |   |     |   |   |
| 10.73  | “ERPA” with Leshan Kingssun Group Co., Ltd.                                                  | 8-K    | 12/23/08 | 10.26  |   |
|   |                                                                                                     |   |     |   |   |
| 14.1   | Code of Ethics.                                                                                          | 10-KSB | 3/31/08  | 14.1   |   |
|   |                                                                                                     |   |     |   |   |
| 31.1   | Certification of Principal Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.  |   |     |   | X      |
|   |                                                                                                     |   |     |   |   |

----

| 31.2   | Certification of Principal Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.  |   |    |   | X      |
|--------|----------------------------------------------------------------------------------------------------------|--------|---------|--------|--------|
|   |                                                                                                     |   |    |   |   |
| 32.1   | Certification pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 for the Chief Executive Officer. |   |    |   | X      |
|   |                                                                                                     |   |    |   |   |
| 32.2   | Certification pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 for the Chief Financial Officer. |   |    |   | X      |
|   |                                                                                                     |   |    |   |   |
| 99.1   | Audit Committee Charter.                                                                                 | 10-KSB | 3/31/08 | 99.1   |   |
|   |                                                                                                     |   |    |   |   |
| 99.2   | Executive Committee Charter.                                                                             | 10-KSB | 3/31/08 | 99.2   |   |
|   |                                                                                                     |   |    |   |   |
| 99.3   | Nominating and Corporate Governance Committee Charter.                                                   | 10-KSB | 3/31/08 | 99.3   |   |
|   |                                                                                                     |   |    |   |   |
| 99.4   | Stock Option Plan.                                                                                       | 10-KSB | 3/31/08 | 99.4   |   |

----