SECURITIES AND EXCHANGE COMMISSION
                        WASHINGTON, D.C. 20549

                              Amendment 1 to
                                FORM 10-Q

[x]     Quarterly Report Pursuant to Section 13 or 15(d) Securities
Exchange Act of 1934 for Quarterly Period Ended September 30, 2010
-OR-
 [ ]     Transition Report Pursuant to Section 13 or 15(d) of the
Securities And Exchange Act of 1934 for the transaction period from
_________ to________

Commission File Number             333-133961

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

            Nevada                                06-1812762
 (State or other jurisdiction                  (I.R.S. Employer
of incorporation or organization            Identification Number)

          938 Howe Street, Suite 405
         Vancouver, BC                             V6Z 1N9
      Address of principal executive offices,      Zip Code

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

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

Indicate by check mark whether the registrant has submitted
electronically and posted on its corporate Web site, if any, every
Interactive Data File required to be submitted and posted pursuant to
Rule 405 of Regulation S-T (section 232.405 of this chapter) during the
preceding 12 months (or for such shorter period that the registrant was
required to submit and post such files).   Yes [ ]   No [ ]

Indicate by check mark whether the registrant is a large accelerated
filer, an accelerated filer, a non-accelerate filer, or a small
reporting company as defined by Rule 12b-2 of the Exchange Act):

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

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

The number of outstanding shares of the registrant's common stock,
November 24, 2010:  Common Stock  -  24,785,000

<PAGE>2
PART I
Item I - FINANCIAL STATEMENTS

Consolidated Balance Sheet as of September 30, 2010 and December 31,
2009
Consolidated Statement of Operations for the three and nine months
ended September 30, 2010 and 2009
Consolidated Statement of Cash Flows for the nine months ended
September 30, 2010 and 2009
Consolidated Notes to Financial Statements



<PAGE>3
                     GLOBALINK, LTD. And Subsidiary
                      Consolidated Balance Sheet
                   September 30, 2010 and December 31, 2009
                      (Expressed in U.S. Dollars)

                                                Unaudited      Audited
                                                9/30/2010    12/31/2009
                                                ---------    ----------
                    ASSETS
CURRENT ASSETS:
 Cash                                          $  435,949    $ 288,978
 Term deposit                                           -            -
 Accounts receivable trade                        296,630      149,000
 Other Receivable                                  43,974       61,798
 Other Current Assets                               6,167        7,857
                                               ----------    ---------
  TOTAL CURRENT ASSETS                            772,720      507,633
                                               ----------    ---------
Fixed assets, net of accumulated depreciation      11,754      13,820
Goodwill                                          274,449      274,449
                                               ----------    ---------
TOTAL ASSETS                                   $1,058,923    $ 795,902
                                               ==========    =========
             LIABILITIES & STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
 Accounts Payable and accrual                  $  718,504    $ 387,298
 Notes payable OneWorld Acquisition                     -      159,105
 Dividends payable                                      -            -
 Other current liabilities                         58,301            -
                                               ----------    ---------
  TOTAL CURRENT LIABILITIES                       776,805      546,403
                                               ----------    ---------
OTHER LIABILITIES:
 Advances from Shareholders                        30,523       49,526
                                               ----------    ---------
  TOTAL OTHER LIABILITIES                          30,523       49,526
                                               ----------    ---------
TOTAL LIABILITIES                                 807,328      595,929
                                               ----------    ---------
STOCKHOLDERS' EQUITY:
 Common Stock, $.0002 par value
  500,000,000 shares authorized and
  24,785,000 shares issued and outstanding          4,957        4,957
  Common Stock authorized, issued and
  outstanding 1,000,000 shares
 Preferred Stock authorized, issued and
  outstanding 1,000,000 shares
 Paid-in Surplus                                  403,243      403,243
 Retained earning                                (156,605)    (208,227)
                                               ----------    ---------
  TOTAL STOCKHOLDERS' EQUITY                      251,595      199,973
                                               ----------    ---------
TOTAL LIABILITIES & STOCKHOLDERS' EQUITY       $1,058,923    $ 795,902
                                               ==========    =========

      The accompanying notes are an integral part of these statements.

<PAGE>4
                     GLOBALINK, LTD. And Subsidiary
                  Consolidated Statements of Operations
       For the three and nine months ended September 30, 2010 and 2009
                      (Expressed in U.S. Dollars)
                             (Unaudited)

<TABLE>
                                          Three Months              Nine Months
                                             Ended                     Ended
                                         September 30,             September 30,
                                       2010         2009         2010         2009
                                    ----------   ----------   ----------   ----------

                                    <c>          <c>           <c>          <c>
Revenue                            $ 104,057    $  69,482    $ 259,714    $ 195,426

Expenses
  Wages & salaries                    52,976       39,197      147,925      134,485
  Expenses from subsidiary                 -            -            -            -
  Other administrative expenses       52,277       16,624      103,502       68,570
                                   ---------    ---------    ---------    ---------
                                     105,253       55,821      251,427      203,055
                                   ---------    ---------    ---------    ---------
Income (deficit) from operations      (1,196)      13,661        8,287       (7,629)
                                   ---------    ---------    ---------    ---------
Other income and expenses             55,476        5,145       43,335       22,425
                                   ---------    ---------    ---------    ---------
Income before income taxes            54,280       18,806       51,622       14,796
  Income tax                               -            -            -            -
                                   ---------    ---------    ---------    ---------
Income for the period              $  54,280    $  18,806    $  51,622    $  14,796
                                   =========    =========    =========    =========
Basic and diluted Loss
 per Share                         $  0.0022    $  0.0008    $  0.0021    $  0.0006
                                   =========    =========    =========    =========
Weighted Number of
 Common Shares                    24,785,000   24,785,000   24,785,000   24,785,000
                                  ==========   ==========   ==========   ==========
</TABLE>

      The accompanying notes are an integral part of these statements.



<PAGE>3
                      GLOBALINK, LTD. And Subsidiary
                   Consolidated Statement of Cash Flows
         For the nine months ended September 30, 2010 and 2009
                      (Expressed in U.S. Dollars)
                                (Unaudited)

                                      For nine months   For nine months
                                          ended             ended
                                        09/30/10          09/30/09
                                     ----------------  ----------------
Cash Flows from Operating Activities
 Profit/(loss) for the period             $ 51,622          $ 14,796
 Less Depreciation not requiring
  use of funds                               2,066             3,701
 Net loss on exchange transactions               -                 -
 Income taxes (paid)/refunded
Net changes in working capital balances          -
(Increase)/decrease accounts receivable   (137,630)           62,553
 Other Receivable                           17,824            28,743
 (Increase)/decrease in other current
   assets                                    1,690           (47,135)
 Increase/(decrease) in accounts payable
  and accruals                             331,206             2,587
 (Due to)/refunded government agencies
 Increase in other liabilities              58,301            54,543
                                         ---------         ---------
 Cash flows provided/(used) in operating
  activities                               325,079           118,788
                                         ---------         ---------
Cash Flows from Financing Activities
 Increase/(decrease) in advances from
  shareholders                             (19,003)          (30,390)
 Cash dividend
 Share capital issued
                                         ---------         ---------
 Cash flows from financing activities      (19,003)          (30,390)
                                         ---------         ---------
Cash Flows from Investing Activities
 Acquisition of capital assets                   -            (1,461)
 Note payable for purchase of sub         (159,105)         (310,695)
 Purchase effects of subsidiary                  -                 -
 Cash from acquisition of Subsidiary             -                 -
                                         ---------         ---------
 Cash flows from (used in) investing
  activities                              (159,105)         (312,156)
                                         ---------         ---------
Net (Decrease) Increase in Cash
 And cash Equivalents                      146,971          (223,758)


<PAGE>6

Cash and Cash Equivalents at
 Beginning of Period                       288,978           579,464
                                         ---------         ---------
Cash and Cash Equivalents at
 End of Period                           $ 435,949         $ 355,706
                                         =========         =========
Represented by:
 Cash                                    $ 435,949         $ 355,706
 Term                                            -                 -
                                         ---------         ---------
                                         $ 435,949         $ 355,706
                                         =========         =========

      The accompanying notes are an integral part of these statements.



<PAGE>7
                    GLOBALINK, LTD. And Subsidiary
                    Notes to Financial Statements
                         September 30, 2010
                      (Expressed in U.S. Dollars)

1.  Nature of Operations

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

2.  Accounting Policies

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

     a) Translation of foreign currencies
Monetary assets and liabilities in foreign currencies are translated
into United States dollars at the prevailing year-end exchange rates.
Revenue and expense items are translated at the average rates in effect
during the month of transaction. Resulting exchange gains and losses on
transactions are included in the determination of earnings for the
year. The exchange loss for this period from January 1 to December 31,
2009 is $86,189 and an exchange loss of $43.335 for the nine months
ended September 30, 2010.

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

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




<PAGE>8
                    GLOBALINK, LTD. And Subsidiary
                    Notes to Financial Statements
                          September 30, 2010
                      (Expressed in U.S. Dollars)

     d)  Stock-based compensation
Accounting Standards Codification 718, Accounting for Stock-based
compensation requires companies to record compensation cost for stock-
based employee compensation to be measured at the grant date, and not
subsequently revised.  The Company has chosen to continue to account
for stock-based compensation using the provisions of ASC 718.  In
addition, the company's policy is to account for all stock based
transactions in conformance with ASC 718.

     e)  Income taxes
Deferred income taxes are reported for timing differences between items
of income or expense reported in the financial statements and those
reported for income tax purposes in accordance with Accounting
Standards Codification regarding Accounting for Income Taxes, which
requires the use of the asset/liability method of accounting for income
taxes. Deferred income taxes and tax benefits are recognized for the
future tax consequences attributable to differences between the
financial statement carrying amounts of existing assets and liabilities
and their respective tax bases, and for tax loss and credit
carryforwards.  Deferred tax assets and liabilities are measured using
enacted tax rates expected to apply to taxable income in the years in
which those temporary differences are expected to be recovered or
settled.  Deferred taxes are provided for the estimated future tax
effects attributable to temporary differences and carryforwards when
realization is more likely than not.

	f)  Net income per share of common stock
We have adopted Accounting Standards Codification regarding Earnings
per Share, which requires presentation of basic and diluted EPS on the
face of the income statement for all entities with complex capital
structures and requires a reconciliation of the numerator and
denominator of the basic EPS computation to the numerator and
denominator of the diluted EPS computation.  In the accompanying
financial statements, basic earnings per share of common stock is
computed by dividing net income by the weighted average number of
shares of common stock outstanding during the period.  We do not have a
complex capital structure requiring the computation of diluted earnings
per share.

     g)  Revenue recognition
Revenue is recorded when the corresponding expense can be recognized.
Specially, room revenue is recorded when the client checks into the
room.  Due to this matching principle revenue is reported by the net
proceeds of the services performed as required by Accounting Standards
Codification 605.

     h)  Accounts receivable
Trade receivables are carried at original invoice amount.  Accounts
receivable are written off to bad debt expense using the direct write-
off method.  Receivables past due for more than 120 days are considered


<PAGE>9
                    GLOBALINK, LTD. And Subsidiary
                    Notes to Financial Statements
                          September 30, 2010
                      (Expressed in U.S. Dollars)

delinquent.  Management determines uncollectible accounts by regularly
evaluating individual customer receivables and considering a customer's
financial condition, credit history, and current economic conditions
and by using historical experience applied to an aging of accounts.
Recoveries of trade receivables previously written off are recorded
when received.

3.  Fixed assets

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

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

4.  Advances from Shareholders

Advances from shareholders are for the reimbursement of expenses
incurred on behalf of the company by the three principal shareholders
and they bear no interest due.  These notes are short term advances
which are paid generally within one year.  The balance at December 31,
2009 is $49,526 and $30,523 for September 30, 2010.

5.  Federal income tax:

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



<PAGE>10
                    GLOBALINK, LTD. And Subsidiary
                    Notes to Financial Statements
                          September 30, 2010
                      (Expressed in U.S. Dollars)

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

                                                12/31/2009   12/31/2008
Refundable Federal income tax attributable to:
Current operations                              $ 20,250      $ 36,323
Less, Nondeductible expenses                        -0-           -0-
-Less, Change in valuation allowance             (20,250)      (36,323)
 Net refundable amount                              -0-           -0-

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

                                                 12/31/2009  12/31/2008
Deferred tax asset attributable to:
 Net operating loss carryover                     $ 70,797	  $ 91,048
Less, Valuation allowance                          (70,797)	   (91,048)
 Net deferred tax asset                              -0-          -0-

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

6.  Operating Leases

The Company leases its administrative offices for US$938 per month. The
lease expires in May 2011.  The operating lease expense for the year
ended December 31, 2009 and 2008 was $1,876.  Future minimum lease
payments are as follows:

     Fiscal year ending June 30,
     --------------------------
  2010           $  11,256
  2011              11,256
                 ---------
                 $  22,512
                 =========

7.  Supplemental information - consolidated statements
<TABLE>
                                OneWorld     Globalink
                                12/31/09     12/31/09     Eliminations    Consolidated
                                --------     --------     ------------    ------------

                                <c>          <c>            <c>             <c>
ASSETS
  Current Assets:
    Cash                        $ 271,824     $  17,154            -      $ 288,978
    Accounts receivable           149,000             -            -        149,000
    Other receivable              372,493             -     (310,695)        61,798

<PAGE>11
                    GLOBALINK, LTD. And Subsidiary
                    Notes to Financial Statements
                         September 30, 2010
                      (Expressed in U.S. Dollars)

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

                                      For the year ended December 31, 2009
                                      ------------------------------------
                                One World       Global   Eliminations  Consolidated
                                ---------       ------   ------------  ------------

Revenue:                       $ 305,404     $       -              -     $ 305,404
Expenses:
  Wages and salaries             138,287             -              -       138,287
  Subsidiary expenses                  -             -              -             -
  Other administrative expenses  163,167        30,579              -       193,746
                                --------     ---------      ---------     ---------
Total expenses                   301,454        30,579              -       332,033
                                --------     ---------      ---------     ---------
Income/(loss) from operations      3,950       (30,579)             -       (26,629)
Other income/(expenses)           28,570        57,619              -        86,189
                                --------     ---------     ----------     ---------
Income before income taxes        32,520        27,040              -        59,560
Income taxes                           -             -              -             -
                                --------     ---------     ----------     ---------
Net income/(loss)               $ 32,520     $  27,040     $        -     $  59,560
                                ========     =========     ==========     =========
</TABLE>
<PAGE>12
                    GLOBALINK, LTD. And Subsidiary
                    Notes to Financial Statements
                         September 30, 2010
                      (Expressed in U.S. Dollars)
<TABLE>
                                OneWorld     Globalink
                                9/30/10       9/30/10     Eliminations    Consolidated
                                --------     --------     ------------    ------------

                                <c>          <c>            <c>             <c>
ASSETS
  Current Assets:
    Cash                       $  428,522     $   7,427            -     $  435,949
    Accounts receivable           286,630             -            -        286,630
    Other receivable              354,669             -     (310,695)        43,974

    Investment in subsidiary            -       514,439     (514,439)             -
    Other current assets            5,958           209            -          6,167
                               ----------     ---------    ---------     ----------
  Total current assets          1,075,779       522,075     (825,134)       772,720
  Fixed assets, net
    Of accumulated depreciation     6,730         5,024            -         11,754
  Goodwill                              -       274,449            -        274,449
                               ----------     ---------    ---------     ----------
TOTAL ASSETS                   $1,082,500     $ 801,548    $(825,134)    $1,058,923
                               ==========     =========    =========     ==========
LIABILITIES AND SHAREHOLDERS EQUITY
  Current Liabilities
    Accounts payable           $  509,769     $ 208,735    $       -     $  718,504
    Notes payable                       -       310,695     (310,695)             -
    Other current liabilities      58,301        30,523            -         88,824
                               ----------     ---------    ---------     ----------
  Total current liabilities       568,070       549,953     (310,695)       807,328
  Shareholders Equity
    Common stock                   19,396         4,957      (19,396)         4,957
    Paid in surplus                     -       403,243            -        403,243
    Retained earnings/(deficit)   495,043      (156,605)    (495,043)      (156,605)
                                ---------     ---------     --------     ----------
  Total shareholders equity       514l439       251,595     (514,439)       251,595
                                ---------     ---------     --------     ----------
TOTAL LIABILITIES AND
 SHAREHOLDERS EQUITY           $1,082,509     $ 801,548    $(825,134)    $1,058,923
                                =========     =========    =========     ==========

                                   For the nine months ended September 30, 2010
                                   --------------------------------------------
                                One World       Global   Eliminations  Consolidated
                                ---------       ------   ------------  ------------

Revenue:                        $259,714     $       -      $       -      $259,714
Expenses:
  Wages and salaries             147,925             -              -       147,925
  Subsidiary expenses                  -             -              -             -
  Other administrative expenses   72,924        30,578              -       103,502
                                --------     ---------      ---------     ---------
Total expenses                   220,849        30,578              -       251,427
                                --------     ---------      ---------     ---------

<PAGE>13
                    GLOBALINK, LTD. And Subsidiary
                    Notes to Financial Statements
                          September 30, 2010
                      (Expressed in U.S. Dollars)

Income/(loss) from operations     38,865       (30,578)             -         8,287
Other income/(expenses)           42,622           713              -        43,335
                                --------     ---------      ---------     ---------

Income before income taxes        81,847       (29,965)             -        51,622
Income taxes                           -             -              -             -
                                --------     ---------      ---------     ---------
Net income/(loss)               $ 81,487     $(29,865)      $       -     $  51,622
                                ========     =========      =========     =========
</TABLE>
8.  Capital Stock

Authorized
      500,000,000 Common shares with $0.0002 par value
Issued
      24,785,000 shares

The Company issued 2,625,000 shares for cash of $.0133333 per share in
the amount of $35,000 and 1,125,000 shares for services at $.10 in the
amount of $112,500 in 2006.

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

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

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

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

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

9.   Net Revenue

The Company follows the reporting requirements of EIFT 99-19, which
requires revenue to be reported net after costs.  Following is the
gross revenue and expenses for the period ending December 31, 2009 and
the nine months ended September 30, 2010.



<PAGE>14
                    GLOBALINK, LTD. And Subsidiary
                    Notes to Financial Statements
                          September 30, 2010
                      (Expressed in U.S. Dollars)

                      12/31/2009     06/30/2010
                      ----------     ----------
Gross Revenue         $2,612,970     $2,063,947
Cost of Revenue        2,307,566      1,804,233
                      ----------     ----------
                      $  305,404     $  259,714
                      ==========     ==========

10.  New accounting pronouncements:

In May 2008, the Accounting Standards Codification issued 944,
"Accounting for Financial Guarantee Insurance Contracts-and
interpretation of Accounting Standards Codification 944".  Accounting
Standards Codification 944 clarifies how Accounting Standards
Codification 944 applies to financial guarantee insurance contracts,
including the recognition and measurement of premium revenue and claims
liabilities. This statement also requires expanded disclosures about
financial guarantee insurance contracts. Accounting Standards
Codification 944 is effective for fiscal years beginning on or after
December 15, 2008, and interim periods within those years. Accounting
Standards Codification 944 has no effect on the Company's financial
position, statements of operations, or cash flows at this time.

In March 2008, the Accounting Standards Codification issued 815,
Disclosures about Derivative Instruments and Hedging Activities-an
amendment of Accounting Standards Codification 815.  This standard
requires companies to provide enhanced disclosures about (a) how and
why an entity uses derivative instruments, (b) how derivative
instruments and related hedged items are accounted for under 815 and
its related interpretations, and (c) how derivative instruments and
related hedged items affect an entity's financial position, financial
performance, and cash flows. This Statement is effective for financial
statements issued for fiscal years and interim periods beginning after
November 15, 2008, with early application encouraged. The Company has
not yet adopted the provisions of Accounting Standards Codification
815, but does not expect it to have a material impact on its
consolidated financial position, results of operations or cash flows.

In December 2007, the Accounting Standards Codification 815,
Noncontrolling Interests in Consolidated Financial Statements-an
amendment of Accounting Standards Codification 810.  This statement
amends Accounting Standards Codification 810 to establish accounting
and reporting standards for the noncontrolling interest in a subsidiary
and for the deconsolidation of a subsidiary. It clarifies that a
noncontrolling interest in a subsidiary is an ownership interest in the
consolidated entity that should be reported as equity in the
consolidated financial statements. Before this statement was issued,
limited guidance existed for reporting noncontrolling interests. As a
result, considerable diversity in practice existed. So-called minority
interests were reported in the consolidated statement of financial

<PAGE>15
                    GLOBALINK, LTD. And Subsidiary
                    Notes to Financial Statements
                          September 30, 2010
                      (Expressed in U.S. Dollars)

position as liabilities or in the mezzanine section between liabilities
and equity. This statement improves comparability by eliminating that
diversity. This statement is effective for fiscal years, and interim
periods within those fiscal years, beginning on or after December 15,
2008 (that is, January 1, 2009, for entities with calendar year-ends).
Earlier adoption is prohibited. The effective date of this statement is
the same as that of the related Accounting Standards Codification 805
(revised 2007). The Company will adopt this Statement beginning March
1, 2009. It is not believed that this will have an impact on the
Company's consolidated financial position, results of operations or
cash flows.

In December 2007, the Accounting Standards Codification, issued
Accounting Standards Codification 805 (revised 2007), Business
Combinations.'  This Statement establishes principles and requirements
for how the acquirer: (a) recognizes and measures in its financial
statements the identifiable assets acquired, the liabilities assumed,
and any noncontrolling interest in the acquiree; (b) recognizes and
measures the goodwill acquired in the business combination or a gain
from a bargain purchase; and (c) determines what information to
disclose to enable users of the financial statements to evaluate the
nature and financial effects of the business combination. This
statement applies prospectively to business combinations for which the
acquisition date is on or after the beginning of the first annual
reporting period beginning on or after December 15, 2008. An entity may
not apply it before that date. The effective date of this statement is
the same as that of the related Accounting Standards Codification 810,
Noncontrolling Interests in Consolidated Financial Statements.  The
Company will adopt this statement beginning March 1, 2009. It is not
believed that this will have an impact on the Company's consolidated
financial position, results of operations or cash flows.

In February 2007, the Accounting Standards Codification, issued
Accounting Standards Codification 810, The Fair Value Option for
Financial Assets and Liabilities-Including an Amendment of Accounting
Standards Codification 320.  This standard permits an entity to choose
to measure many financial instruments and certain other items at fair
value.  This option is available to all entities. Most of the
provisions in Accounting Standards Codification 810 are elective;
however, an amendment to Accounting Standards Codification 320
Accounting for Certain Investments in Debt and Equity Securities
applies to all entities with available for sale or trading securities.
Some requirements apply differently to entities that do not report net
income.  Accounting Standards Codification 810 is effective as of the
beginning of an entities first fiscal year that begins after November
15, 2007.  Early adoption is permitted as of the beginning of the
previous fiscal year provided that the entity makes that choice in the
first 120 days of that fiscal year and also elects to apply the
provisions of ASC 810 Fair Value Measurements.  The Company will



<PAGE>16
                    GLOBALINK, LTD. And Subsidiary
                    Notes to Financial Statements
                             June 30, 2010
                      (Expressed in U.S. Dollars)

adopt Accounting Standards Codification 810 beginning March 1, 2008 and
is currently evaluating the potential impact the adoption of this
pronouncement will have on its consolidated financial statements.

In September 2006, the Accounting Standards Codification issued
Accounting Standards Codification 820, Fair Value Measurements.  This
statement defines fair value, establishes a framework for measuring
fair value in generally accepted accounting principles (GAAP), and
expands disclosures about fair value measurements. This statement
applies under other accounting pronouncements that require or permit
fair value measurements, the Board having previously concluded in those
accounting pronouncements that fair value is the relevant measurement
attribute. Accordingly, this statement does not require any new fair
value measurements. However, for some entities, the application of this
statement will change current practice. This statement is effective for
financial statements issued for fiscal years beginning after November
15, 2007, and interim periods within those fiscal years. Earlier
application is encouraged, provided that the reporting entity has not
yet issued financial statements for that fiscal year, including
financial statements for an interim period within that fiscal year. The
Company will adopt this statement March 1, 2008, and it is not believed
that this will have an impact on the Company's consolidated financial
position, results of operations or cash flows.

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




<PAGE>17

Item 2.  Management's Discussion and Analysis of Financial Condition
and Results of Operations

Trends and Uncertainties.

We are pursuing financing for our operations and seeking additional
investments to launch the Hotel Travel booking web site.  We will need
a minimum of $500,000 over the next twelve months to continue the
operation and to launch the Hotel Travel booking web site.  We acquired
all of the common shares of OneWorld for 2,000,000 common shares and a
promissory note.  In addition, we are seeking to expand our revenue
base by adding new customers and increasing our marketing and
advertising.  Failure to secure such financing or to raise additional
equity capital and to expand its revenue base may result in Globalink
depleting our available funds and not being able to pay our
obligations.

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

We expect to experience significant fluctuations in our future
operating results due to a variety of factors, many of which are
outside our control. Factors that may adversely affect our quarterly
operating results include but are not limited to:
  - Our ability to develop and complete the hotel booking website.
  - Our ability to attract customer to use our web site and maintain
user satisfaction;
  - Our ability to attract hotel suppliers to post their hotel rooms in
our web site.
  - Our ability to maintain our projected 10% commission profit from
the hotel suppliers.
  - Our ability to hire and train qualified personnel.
  - Our ability to resolve any technical difficulties and system
downtime or Internet disconnection.
  - Governmental regulations on use of Internet as a tool to conduct
business transaction.
  - Change of customer's acceptance to use Internet to book hotel
rooms.

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

We cannot be sure that we will be successful in addressing these risks
and uncertainties and our failure to do so could have a materially
adverse effect on our financial condition.  In addition, our operating
results are dependent to a large degree upon factors outside of our



<PAGE>18

control.  There are no assurances that we will be successful in
addressing these risks, and failure to do so may adversely affect our
business.

Capital and Source of Liquidity.

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

After acquisition of OneWorld on October 31, 2008, Globalink received
significant improvement in cash position.  At September 30, 2010,
Globalink & its subsidiary have $435,949 cash on hand.

For the nine months ended September 30, 2010, Globalink had a note
payable for the purchase of subsidiary of $159,105.  As a result,
Globalink had cash flows used in investing activities of $159,105 for
the nine months ended September 30, 2010.

For the nine months ended September 30, 2009, Globalink acquired
capital assets of $1,461 and had a note payable for the purchase of
subsidiary of $310,695.  As a result, Globalink had cash flows used in
investing activities of $312,156 for the nine months ended September
30, 2009.

For the nine months ended September 30, 2010, Globalink repaid advances
from shareholders of $19,003 resulting in cash flows used in financing
activities of $19,003.

For the nine months ended September 30, 2009, Globalink repaid advances
from shareholders of $30,390 resulting in cash flows from financing
activities of $30,390.

Results of Operations

For the three months ended September 30, 2010, Globalink received
revenues of $104,057.  Expenses consisted of wages and salaries of
$52,976 and other administrative expenses of $52,277.  Additionally,
Globalink has other income of $55,476 resulting in net income of
$54,280 for the three months ended September 30, 2010.

Comparatively, for the three months ended September 30, 2009, Globalink
received revenues of $69,482. The expenses of $55,821 consisted mainly
of basic operating expenses and legal and accounting expenses necessary
to complete filings with the Securities and Exchange Commission.  Other
administrative expenses increased in spite of management's attempts to
reduce overhead costs.  Additionally, Globalink received other income
of $5,145 resulting in net income of $18,806 for the three months ended
September 30, 2009.



<PAGE>19

For the nine months ended September 30, 2010, Globalink received
revenues of $259,714.  Expenses consisted of wages and salaries of
$147,925 and other administrative expenses of $103,502.  Additionally,
Globalink had other income of $43,335 resulting in net income of
$51,622 for the nine months ended September 30, 2010.

Comparatively, for the nine months ended September 30, 2009, Globalink
received revenues of $195,426.  The expenses of $203,055 consisted
mainly of basic operating expenses and legal and accounting expenses
necessary to complete filings with the Securities and Exchange
Commission.  Other administrative expenses stayed relatively stable in
spite of management's attempts to reduce overhead costs.  Additionally,
Globalink received other income of $14,796 resulting in net income of
$14,796 for the nine months ended September 30, 2009.

Hotel booking web site. The initial structure and preliminary functions
of the Hotel Booking Web sites are done. We will launch the hotel web
site in two stages.

The first stage of the web site to launch will be the booking functions
for the existing customers of OneWorld.  We believe the on-line booking
will help the OneWorld sales increase significantly because they can
capture new sales without the time zone difference in a short period of
time.  We also accept and welcome the comments and suggestion from the
existing users (customers) about the web site. These suggestions will
help us to improve our web site to be more user-friendly and easy to
use.

By the end of this year, we intend to launch the final product, Hotel
Booking Web site for consumers in general.

Off-Balance Sheet Arrangements

Globalink had no material off-balance sheet arrangements as of September
30, 2010.

Contractual Obligations

Globalink has no material contractual obligations.

New Accounting Pronouncements

In May 2008, the Accounting Standards Codification issued 944,
"Accounting for Financial Guarantee Insurance Contracts-and
interpretation of Accounting Standards Codification 944".  Accounting
Standards Codification 944 clarifies how Accounting Standards
Codification 944 applies to financial guarantee insurance contracts,
including the recognition and measurement of premium revenue and claims
liabilities. This statement also requires expanded disclosures about
financial guarantee insurance contracts. Accounting Standards
Codification 944 is effective for fiscal years beginning on or after
December 15, 2008, and interim periods within those years. Accounting
Standards Codification 944 has no effect on Globalink's financial
position, statements of operations, or cash flows at this time.

<PAGE>20

In March 2008, the Accounting Standards Codification issued 815,
Disclosures about Derivative Instruments and Hedging Activities-an
amendment of Accounting Standards Codification 815.  This standard
requires companies to provide enhanced disclosures about (a) how and
why an entity uses derivative instruments, (b) how derivative
instruments and related hedged items are accounted for under 815 and
its related interpretations, and (c) how derivative instruments and
related hedged items affect an entity's financial position, financial
performance, and cash flows.  This Statement is effective for financial
statements issued for fiscal years and interim periods beginning after
November 15, 2008, with early application encouraged.  Globalink has
not yet adopted the provisions of Accounting Standards Codification
815, but does not expect it to have a material impact on its
consolidated financial position, results of operations or cash flows.

In December 2007, the Accounting Standards Codification 815,
Noncontrolling Interests in Consolidated Financial Statements-an
amendment of Accounting Standards Codification 810.  This statement
amends Accounting Standards Codification 810 to establish accounting
and reporting standards for the noncontrolling interest in a subsidiary
and for the deconsolidation of a subsidiary.  It clarifies that a
noncontrolling interest in a subsidiary is an ownership interest in the
consolidated entity that should be reported as equity in the
consolidated financial statements.  Before this statement was issued,
limited guidance existed for reporting noncontrolling interests.  As a
result, considerable diversity in practice existed.  So-called minority
interests were reported in the consolidated statement of financial
position as liabilities or in the mezzanine section between liabilities
and equity.  This statement improves comparability by eliminating that
diversity.  This statement is effective for fiscal years, and interim
periods within those fiscal years, beginning on or after December 15,
2008 (that is, January 1, 2009, for entities with calendar year-ends).
Earlier adoption is prohibited. The effective date of this statement is
the same as that of the related Accounting Standards Codification 805
(revised 2007).  Globalink will adopt this Statement beginning March 1,
2009.  It is not believed that this will have an impact on Globalink's
consolidated financial position, results of operations or cash flows.

In December 2007, the Accounting Standards Codification, issued
Accounting Standards Codification 805 (revised 2007), Business
Combinations.'  This Statement establishes principles and requirements
for how the acquirer: (a) recognizes and measures in its financial
statements the identifiable assets acquired, the liabilities assumed,
and any noncontrolling interest in the acquiree; (b) recognizes and
measures the goodwill acquired in the business combination or a gain
from a bargain purchase; and (c) determines what information to
disclose to enable users of the financial statements to evaluate the
nature and financial effects of the business combination.  This
statement applies prospectively to business combinations for which the
acquisition date is on or after the beginning of the first annual
reporting period beginning on or after December 15, 2008.  An entity
may not apply it before that date. The effective date of this statement
is the same as that of the related Accounting Standards Codification
810, Noncontrolling Interests in Consolidated Financial



<PAGE>21

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

In February 2007, the Accounting Standards Codification, issued
Accounting Standards Codification 810, The Fair Value Option for
Financial Assets and Liabilities-Including an Amendment of Accounting
Standards Codification 320.  This standard permits an entity to choose
to measure many financial instruments and certain other items at fair
value.  This option is available to all entities. Most of the
provisions in Accounting Standards Codification 810 are elective;
however, an amendment to Accounting Standards Codification 320
Accounting for Certain Investments in Debt and Equity Securities
applies to all entities with available for sale or trading securities.
Some requirements apply differently to entities that do not report net
income.  Accounting Standards Codification 810 is effective as of the
beginning of an entities first fiscal year that begins after November
15, 2007.  Early adoption is permitted as of the beginning of the
previous fiscal year provided that the entity makes that choice in the
first 120 days of that fiscal year and also elects to apply the
provisions of ASC 810 Fair Value Measurements.  The Company will adopt
Accounting Standards Codification 810 beginning March 1, 2008 and is
currently evaluating the potential impact the adoption of this
pronouncement will have on its consolidated financial statements.

In September 2006, the Accounting Standards Codification issued
Accounting Standards Codification 820, Fair Value Measurements.  This
statement defines fair value, establishes a framework for measuring
fair value in generally accepted accounting principles, and expands
disclosures about fair value measurements.  This statement applies
under other accounting pronouncements that require or permit fair value
measurements, the Board having previously concluded in those accounting
pronouncements that fair value is the relevant measurement attribute.
Accordingly, this statement does not require any new fair value
measurements.  However, for some entities, the application of this
statement will change current practice.  This statement is effective
for financial statements issued for fiscal years beginning after
November 15, 2007, and interim periods within those fiscal years.
Earlier application is encouraged, provided that the reporting entity
has not yet issued financial statements for that fiscal year, including
financial statements for an interim period within that fiscal year.
Globalink will adopt this statement March 1, 2008, and it is not
believed that this will have an impact on Globalink's consolidated
financial position, results of operations or cash flows.

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


Item 3.  Quantitative and Qualitative Disclosures about Market Risk

Not applicable for smaller reporting companies.




<PAGE>22

Item 4.  Controls and Procedures

During the three months ended September 30, 2010, there were no changes
in our internal controls over financial reporting (as defined in Rule
13a-15(f) and 15d-15(f) under the Exchange Act) that have materially
affected, or are reasonably likely to materially affect, our internal
control over financial reporting.

Evaluation of Disclosure Controls and Procedures

Under the supervision and with the participation of our management,
including our chief executive officer and chief financial officer, we
conducted an evaluation of our disclosure controls and procedures, as
such term is defined under Rule 13a-15(e) and Rule 15d-15(e)
promulgated under the Securities Exchange Act of 1934, as amended, as
of September 30, 2010.

During the edgarization process, the incorrect footnotes to the
financial statements were inserted into the Form 10-Qs recently filed
for the quarters ended June 30, 2010 and September 30, 2010.  As a
result, the registrant implemented new review procedures to ensure the
accuracy in the required filings.

Based on this evaluation, our chief executive officer and chief
principal financial officers have concluded such controls and
procedures were not effective as of September 30, 2010 to ensure that
information required to be disclosed by the issuer in the reports that
it files or submits under the Act is recorded, processed, summarized
and reported, within the time periods specified in the Commission's
rules and forms and to ensure that information required to be disclosed
by an issuer in the reports that it files or submits under the Act is
accumulated and communicated to the issuer's management, including its
principal executive and principal financial officers, or persons
performing similar functions, as appropriate to allow timely decisions
regarding required disclosure.



<PAGE>23

PART II - OTHER INFORMATION

Item 1.   Legal Proceedings
          None

Item 1A.  Risk Factors
          Not applicable for smaller reporting companies

Item 2.   Unregistered Sales of Equity Securities and Use of Proceeds.

Item 3.   Defaults Upon Senior Securities.
          None

Item 4.   Removed and Reserved

Item 5.   Other Information
          None

Item 6.   Exhibits
          Exhibit 31 - Certifications pursuant to Section 302 of the
          Sarbanes-Oxley Act of 2002
          Exhibit 32 - Certifications pursuant to Section 906 of the
          Sarbanes-Oxley Act of 2002

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this Report to be signed on its behalf
by the undersigned thereunto duly authorized.

Dated:  November 24, 2010

GLOBALINK, LTD.

By: /s/Robin Young
---------------------------
Robin Young, President and Director