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  <P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-right: 0; margin-bottom: 0; margin-left: 0"><B>UNITED
  STATES</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Washington, D.C. 20549</B></P>
  
  <HR SIZE="2" NOSHADE ALIGN="CENTER" STYLE="width: 120px; width: 1.25in; color: #ACA899">
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-right: 0; margin-left: 0"><B>FORM 10-Q</B></P>
  
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      <TD STYLE="width: 13%; font-size: 10pt; font-weight: bold; text-align: center"><FONT STYLE="font-size: 10pt"><B>(Mark One)</B></FONT></TD>
      <TD STYLE="width: 87%; font-size: 10pt; font-weight: bold; text-align: center">&nbsp;</TD></TR>
  <TR>
      <TD STYLE="font-size: 10pt; font-weight: bold; text-align: center"><FONT STYLE="font-size: 10pt"><B><FONT STYLE="font-family: Wingdings 2">&#83;</FONT></B></FONT></TD>
      <TD STYLE="vertical-align: top">
          <P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-right: 0; margin-bottom: 0; margin-left: 0"><B>&nbsp;</B></P>
          <P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0; margin-right: 0; margin-left: 0"><B>QUARTERLY
          REPORT PURSUANT TO SECTION 13 OR&nbsp;15(d)&nbsp;OF&nbsp;THE SECURITIES EXCHANGE ACT OF 1934</B></P></TD></TR>
  <TR STYLE="vertical-align: top">
      <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center"><BR>
  <FONT STYLE="font-size: 10pt"><B>For the Quarterly Period Ended January 31, 2012</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
      <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center"><BR>
  <FONT STYLE="font-size: 10pt"><B>or</B></FONT></TD></TR>
  <TR>
      <TD STYLE="font-size: 10pt; text-align: center"><FONT STYLE="font-family: Wingdings 2">&#163;</FONT></TD>
      <TD STYLE="vertical-align: top; font-size: 10pt; font-weight: bold; text-align: center"><BR>
  <FONT STYLE="font-size: 10pt"><B>TRANSITION REPORT PURSUANT TO SECTION 13 OR&nbsp;15(d)&nbsp;OF&nbsp;THE SECURITIES EXCHANGE ACT OF 1934</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
      <TD COLSPAN="2" STYLE="font-size: 10pt; font-weight: bold; text-align: center"><BR>
  <FONT STYLE="font-size: 10pt"><B>For the transition period from &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; to &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></FONT></TD></TR>
  </TABLE>
  <P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-right: 0; margin-bottom: 0; margin-left: 0"><B>Commission
  file number 000-50693</B></P>
  
  
  <HR SIZE="2" NOSHADE ALIGN="CENTER" STYLE="width: 120px; width: 1.25in; color: #ACA899">
  
  <P STYLE="font: 22pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Clean Enviro Tech Corp.</B></P>
  
  <P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(Formerly Sky Power Solutions Corp.)</B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Name of Registrant as Specified in Its Charter)<B>
  </B></P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>
  
  <TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%">
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      <TD STYLE="width: 49%; font-size: 10pt; font-weight: bold; text-align: center"><FONT STYLE="font-size: 10pt"><B>Nevada</B></FONT><BR>
  <FONT STYLE="font-size: 10pt"><B>(State or Other Jurisdiction</B></FONT><BR>
  <FONT STYLE="font-size: 10pt"><B>of Incorporation or Organization)</B></FONT></TD>
      <TD STYLE="width: 2%; font-size: 10pt; font-weight: bold; text-align: center">&nbsp;</TD>
      <TD STYLE="width: 49%; font-size: 10pt; font-weight: bold; text-align: center"><FONT STYLE="font-size: 10pt"><B>90-0314205</B></FONT><BR>
  <FONT STYLE="font-size: 10pt"><B>(I.R.S. Employer</B></FONT><BR>
  <FONT STYLE="font-size: 10pt"><B>Identification No.)</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD>
          <P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-right: 0; margin-left: 0"><B><BR>
          420 N. Nellis Blvd., Suite A3-146, Las Vegas, Nevada </B></P>
          <P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-right: 0; margin-left: 0"><B>(Address of Principal
          Executive Offices)</B></P></TD>
      <TD STYLE="font-size: 10pt; font-weight: bold; text-align: center">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; font-weight: bold; text-align: center"><BR>
  <FONT STYLE="font-size: 10pt"><B>89110</B></FONT><BR>
  <FONT STYLE="font-size: 10pt"><B>(Zip Code)</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
      <TD COLSPAN="3" STYLE="font-size: 10pt; font-weight: bold; text-align: center"><BR>
  <FONT STYLE="font-size: 10pt"><B>(702)&nbsp;940-9940</B></FONT><BR>
  <FONT STYLE="font-size: 10pt"><B>(Issuer&rsquo;s Telephone Number, Including Area Code)</B></FONT></TD></TR>
  </TABLE>
  <P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-right: 0; margin-left: 0"><B>Securities registered
  under Section&nbsp;12(b) of the Exchange Act:</B><BR>
  None</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-right: 0; margin-left: 0"><B>Securities registered
  under Section&nbsp;12(g) of the Exchange Act:</B><BR>
  Common Stock, Par value $0.001per share</P>
  
  
  <HR SIZE="2" NOSHADE ALIGN="CENTER" STYLE="width: 120px; width: 1.25in; color: #ACA899">
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: 0.5in; margin-right: 0; margin-left: 0">Indicate by check mark
  whether the issuer: (1) filed all reports required to be filed by Section&nbsp;13 or 15(d) of the Exchange Act during the past
  12&nbsp;months (or for such shorter period that the registrant was required to file such reports), and (2)&nbsp;has been subject
  to such filing requirements for the past 90&nbsp;days.&nbsp; [X]&nbsp;Yes&nbsp;&nbsp;&nbsp;[ ]&nbsp;&nbsp;No</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: 0.5in; margin-right: 0; margin-left: 0">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 (&sect;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). [X]&nbsp;Yes
  [ ]&nbsp;No&nbsp;</P>
  
  
  <!-- Field: Page; Sequence: 1 -->
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      <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: left; width: 100%"><A HREF="#a_001" TITLE="Table of Contents" STYLE="font-style: italic">Table of Contents</A></TD></TR></TABLE></DIV>
      <!-- Field: /Page -->
  
  <P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: 0.5in; margin-right: 0; margin-left: 0">Indicate by check mark
  whether the registrant is a large accelerated filer, an accelerated filer, or a smaller reporting company. (Check One):</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: 0.5in; margin-right: 0; margin-left: 0">Large accelerated filer
  [ ] Accelerated filer [ ] Non-accelerated filer [ ] Smaller reporting company [X]</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: 0.5in; margin-right: 0; margin-left: 0">(Do not check if a smaller
  reporting company)</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: 0.5in; margin-right: 0; margin-left: 0">Indicate by check mark
  whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: 0.25in; margin-right: 0; margin-left: 0">[ ] Yes [X] No</P>
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; text-indent: 0.5in; margin-right: 0; margin-left: 0">On March 12, 2013, there
  were 9,838,163 shares of common stock outstanding.</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <HR SIZE="2" NOSHADE ALIGN="CENTER" STYLE="width: 100%; color: black">
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="color: Red; font: 9pt/normal Sans-Serif; margin: 0; text-align: center"></P>
  
  <TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: bottom">
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD STYLE="text-align: right"><A NAME="a_001"></A>Page&nbsp;No.</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
      <TD><A HREF="#a_002">PART I. FINANCIAL INFORMATION</A></TD>
      <TD>&nbsp;</TD>
      <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
      <TD><A HREF="#a_003">ITEM I &ndash; Unaudited Financial Statements</A></TD>
      <TD>&nbsp;</TD>
      <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
      <TD STYLE="vertical-align: top"><A HREF="#a_004">Balance Sheets as of January 31, 2013 and July 31, 2011 (Unaudited)</A></TD>
      <TD STYLE="vertical-align: bottom">&nbsp;</TD>
      <TD STYLE="vertical-align: bottom; text-align: right">4</TD></TR>
  <TR STYLE="background-color: White">
      <TD STYLE="vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: bottom">&nbsp;</TD>
      <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
      <TD STYLE="vertical-align: top"><A HREF="#a_005">Statements of Operations for the Six and Three Months Ended January 31, 2013 and 2012 and for the Period Entering the Development Statge August 1, 2008 Through January 31, 2013 (Unaudited)</A></TD>
      <TD STYLE="vertical-align: bottom">&nbsp;</TD>
      <TD STYLE="vertical-align: bottom; text-align: right">5</TD></TR>
  <TR STYLE="background-color: White">
      <TD STYLE="vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: bottom">&nbsp;</TD>
      <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
      <TD STYLE="vertical-align: top"><A HREF="#a_006">Statements of Cash Flows for the Six Months Ended January 31, 2013 and 2012 and for the Period Entering the Development Statge August 1, 2008 Through January 31, 2013 (Unaudited)</A></TD>
      <TD STYLE="vertical-align: bottom">&nbsp;</TD>
      <TD STYLE="vertical-align: bottom; text-align: right">6</TD></TR>
  <TR STYLE="background-color: White">
      <TD STYLE="vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: bottom">&nbsp;</TD>
      <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
      <TD STYLE="vertical-align: top"><A HREF="#a_007">Statement of Stockholders Deficiency (Unaudited)</A></TD>
      <TD STYLE="vertical-align: bottom">&nbsp;</TD>
      <TD STYLE="vertical-align: bottom; text-align: right">7</TD></TR>
  <TR STYLE="background-color: White">
      <TD STYLE="vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: bottom">&nbsp;</TD>
      <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
      <TD STYLE="vertical-align: top"><A HREF="#a_008">Notes to Unaudited Financial Statements</A></TD>
      <TD STYLE="vertical-align: bottom">&nbsp;</TD>
      <TD STYLE="vertical-align: bottom; text-align: right">8</TD></TR>
  <TR STYLE="background-color: White">
      <TD STYLE="vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: bottom">&nbsp;</TD>
      <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
      <TD STYLE="vertical-align: top"><A HREF="#a_009">ITEM 2 - Management's Discussion and Analysis of Financial Condition and Results of Operations.</A></TD>
      <TD STYLE="vertical-align: bottom">&nbsp;</TD>
      <TD STYLE="vertical-align: bottom; text-align: right">14</TD></TR>
  <TR STYLE="background-color: White">
      <TD STYLE="vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: bottom">&nbsp;</TD>
      <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
      <TD STYLE="vertical-align: top"><A HREF="#a_010">ITEM 3 &ndash; Quantitative and Qualitative Disclosures About Market Risk</A></TD>
      <TD STYLE="vertical-align: bottom">&nbsp;</TD>
      <TD STYLE="vertical-align: bottom; text-align: right">17</TD></TR>
  <TR STYLE="background-color: White">
      <TD STYLE="vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: bottom">&nbsp;</TD>
      <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
      <TD STYLE="vertical-align: top"><A HREF="#a_011">ITEM 4T&ndash; Controls and Procedures.</A></TD>
      <TD STYLE="vertical-align: bottom">&nbsp;</TD>
      <TD STYLE="vertical-align: bottom; text-align: right">17</TD></TR>
  <TR STYLE="background-color: White">
      <TD STYLE="vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: bottom">&nbsp;</TD>
      <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
      <TD STYLE="vertical-align: top"><A HREF="#a_012">PART II. OTHER INFORMATION</A></TD>
      <TD STYLE="vertical-align: bottom">&nbsp;</TD>
      <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: White">
      <TD STYLE="vertical-align: top">&nbsp;</TD>
      <TD STYLE="vertical-align: bottom">&nbsp;</TD>
      <TD STYLE="vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: rgb(204,238,255)">
      <TD STYLE="vertical-align: top"><A HREF="#a_013">ITEM 6 - Exhibits</A></TD>
      <TD STYLE="vertical-align: bottom">&nbsp;</TD>
      <TD STYLE="vertical-align: bottom; text-align: right">17</TD></TR>
  </TABLE>
  
  
  <P STYLE="color: Red; font: 9pt/normal Sans-Serif; margin: 0; text-align: center"></P>
  
  <P STYLE="font: 12pt Times New Roman, Times, Serif; margin-right: 0; margin-left: 0">&nbsp;</P>
  
  
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  <P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt"><B>&nbsp;</B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><B><A NAME="a_002"></A>PART I. FINANCIAL INFORMATION</B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><A NAME="a_003"></A><B>ITEM 1. Unaudited Financial Statements</B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Certain information and footnote disclosures
  required under accounting principles generally accepted in the United States of America have been condensed or omitted from the
  following financial statements pursuant to the rules and regulations of the Securities and Exchange Commission. It is suggested
  that the following financial statements be read in conjunction with the year-end financial statements and notes thereto included
  in the Company's Annual Report on Form 10K for the year ended July 31, 2012. In the opinion of management, all adjustments considered
  necessary for a fair presentation of the results of operations and financial position have been included and all such adjustments
  are of a normal recurring nature.</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">The results of operations for the six
  and three months ended January 31, 2013 and 2012, are not necessarily indicative of the results for the entire fiscal year or for
  any other period.</P>
  
  
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  <P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt">&nbsp;</P>
  
  <P STYLE="color: Red; font: 9pt/115% Sans-Serif; margin: 0 0 10pt; text-align: center"></P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 9pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: bottom">
      <TD COLSPAN="15" STYLE="font-size: 11pt; font-weight: bold; text-align: center">Clean Enviro Tech Corp.</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD COLSPAN="15" STYLE="font-size: 11pt; font-weight: bold; text-align: center">(Formerly Sky Power Solutions Corp.)</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD COLSPAN="15" STYLE="font-size: 11pt; font-weight: bold; text-align: center">(A Development Stage Company)</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD COLSPAN="15" STYLE="font-size: 11pt; font-weight: bold; text-align: center"><A NAME="a_004"></A>Balance Sheets</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD COLSPAN="15" STYLE="font-size: 11pt; font-weight: bold; text-align: center">(unaudited)</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">January 31,</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">July 31,</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD>&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2013</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="font-size: 10pt; font-weight: bold; text-align: center; border-bottom: Black 1pt solid">2012</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="font-size: 10pt; font-weight: bold">Assets</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="font-weight: bold">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="width: 56%; text-align: left; padding-bottom: 1pt; padding-left: 10pt">Property and equipment, net</TD><TD STYLE="width: 8%; padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="width: 1%; border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="width: 12%; border-bottom: Black 1pt solid; text-align: right">20,416</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 8%; padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="width: 1%; border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="width: 12%; border-bottom: Black 1pt solid; text-align: right">23,964</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="font-weight: bold">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-bottom: 2.5pt; padding-left: 30pt">Total assets</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">20,416</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">23,964</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="font-weight: bold">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="font-weight: bold; text-align: left">Liabilities and Stockholders' Deficiency</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="font-weight: bold">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-left: 10pt">Current liabilities:</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="font-weight: bold">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-left: 20pt">Accounts payable and accrued expenses</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">170,301</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">125,784</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="padding-left: 20pt">Advances</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">214,682</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">708,602</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 20pt">Due to related parties</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">173,600</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">173,600</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="font-weight: bold">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-left: 30pt">Total current liabilities</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">558,583</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,007,986</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="font-weight: bold">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-left: 10pt">Commitments and contingencies</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="font-weight: bold">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-left: 10pt">Stockholders' deficiency:</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="font-weight: bold">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-left: 20pt">Preferred stock, $.001 par value, 10,000,000 shares authorized, 0 issued and outstanding</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="padding-left: 20pt">Common stock, $.001 par value, 10,000,000 shares authorized as of January 31, 2013;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-left: 20pt">9,838,163 and 1,998,163 issued and outstanding at January 31, 2013 and July 31, 2012,</TD><TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
      <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: right">&nbsp;</TD><TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
      <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: right">&nbsp;</TD><TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="padding-left: 20pt">respectively.</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">9,838</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,998</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD>&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-left: 20pt">Additional paid-in capital</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">6,741,479</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5,926,118</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-left: 20pt">Accumulated deficit</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(4,604,623</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(4,604,623</TD><TD STYLE="text-align: left">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 20pt">Deficit accumulated during the development stage</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(2,684,861</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(2,307,515</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="font-weight: bold">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 30pt">Stockholders' deficiency</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(538,167</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(984,022</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="font-weight: bold">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-bottom: 2.5pt; padding-left: 30pt">Total liabilities and stockholders' deficiency</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">20,416</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">23,964</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD STYLE="font-weight: bold">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD>&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD COLSPAN="9" STYLE="text-align: center">See accompanying notes to unaudited financial statements</TD></TR>
  </TABLE>
  
  
  
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  <TR STYLE="vertical-align: bottom">
      <TD COLSPAN="23" STYLE="font-size: 11pt; font-weight: bold; text-align: center">Clean Enviro Tech Corp.</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD COLSPAN="23" STYLE="font-size: 11pt; font-weight: bold; text-align: center">(Formerly Sky Power Solutions Corp.)</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD COLSPAN="23" STYLE="font-size: 11pt; font-weight: bold; text-align: center">(A Development Stage Company)</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD COLSPAN="23" STYLE="font-size: 11pt; font-weight: bold; text-align: center"><A NAME="a_005"></A>Statements of Operations</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD COLSPAN="23" STYLE="font-size: 11pt; font-weight: bold; text-align: center">(unaudited)</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD STYLE="font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="font-weight: bold">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD STYLE="font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
      <TD COLSPAN="7" STYLE="font-weight: bold; text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
      <TD COLSPAN="7" STYLE="font-weight: bold; text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">For the Period Entering</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD STYLE="font-weight: bold">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
      <TD COLSPAN="7" STYLE="font-weight: bold; text-align: center">For the Six Months Ended</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
      <TD COLSPAN="7" STYLE="font-weight: bold; text-align: center">For the Three Months Ended</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">the Development Stage</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
      <TD COLSPAN="7" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">January 31,</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
      <TD COLSPAN="7" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">January 31,</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">August 1, 2008</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid">2013</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid">2012</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid">2013</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="font-weight: bold; text-align: right; border-bottom: Black 1pt solid">2012</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">- January 31, 2013</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left">Net sales</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD>&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left">Operating expenses:</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-left: 10pt">General and administrative</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">45,918</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">65,973</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">23,001</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">32,004</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">745,571</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 10pt">Research and development</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">2,148</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">10,812</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">135</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">4,096</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">451,460</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD>&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left">Loss from operations</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(48,066</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(76,785</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(23,136</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(36,100</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1,197,031</TD><TD STYLE="text-align: left">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD>&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD>Other (expenses)/income</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-left: 10pt">Interest expense</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(1,233,270</TD><TD STYLE="text-align: left">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-left: 10pt">Loss on disposal of assets</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(26,360</TD><TD STYLE="text-align: left">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-left: 10pt">Loss on extinguishment of debt</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(329,280</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(329,280</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(329,280</TD><TD STYLE="text-align: left">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 10pt">Other income</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">19,884</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">7,261</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">101,080</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD>&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left">Net loss before provision for (benefit from) income taxes</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(377,346</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(56,901</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(352,416</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(28,839</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(2,684,861</TD><TD STYLE="text-align: left">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD>&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 10pt">Provision for (benefit from) income taxes</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD>&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-bottom: 2.5pt">Net loss</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">(377,346</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">)</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">(56,901</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">)</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">(352,416</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">)</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">(28,839</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">)</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">(2,684,861</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD>&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left">Net loss per common share - basic and diluted</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">(0.06</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">(0.13</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">(0.04</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">(0.00</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left">Weighted average number of common shares outstanding -</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-left: 10pt">basic and diluted</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5,896,743</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">423,146</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">9,752,946</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">9,752,946</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD>&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD>&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD COLSPAN="21" STYLE="font-size: 9pt; text-align: center">See accompanying notes to unaudited financial statements</TD></TR>
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  <TR STYLE="vertical-align: bottom">
      <TD COLSPAN="25" STYLE="font-size: 11pt; font-weight: bold; text-align: center">Clean Envrio Tech Corp.</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD COLSPAN="25" STYLE="font-size: 11pt; font-weight: bold; text-align: center">(Formerly Sky Power Solutions Corp.)</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD COLSPAN="25" STYLE="font-size: 11pt; font-weight: bold; text-align: center">(A Development Stage Company)</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD COLSPAN="25" STYLE="font-size: 11pt; font-weight: bold; text-align: center"><A NAME="a_006"></A>Statements of Cash Flows</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD COLSPAN="25" STYLE="font-size: 11pt; font-weight: bold; text-align: center">(unaudited)</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD STYLE="font-size: 11pt; font-weight: bold; text-align: center">&nbsp;</TD><TD STYLE="font-size: 11pt; font-weight: bold">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="font-size: 11pt; font-weight: bold; text-align: center">&nbsp;</TD><TD STYLE="font-size: 11pt; font-weight: bold">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="font-size: 11pt; font-weight: bold; text-align: center">&nbsp;</TD><TD STYLE="font-size: 11pt; font-weight: bold">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="font-size: 11pt; font-weight: bold; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD STYLE="font-size: 11pt; font-weight: bold; text-align: center">&nbsp;</TD><TD STYLE="font-size: 11pt; font-weight: bold">&nbsp;</TD>
      <TD STYLE="font-size: 11pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 11pt; font-weight: bold; text-align: right">&nbsp;</TD><TD STYLE="font-size: 11pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 11pt; font-weight: bold">&nbsp;</TD>
      <TD STYLE="font-size: 11pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 11pt; font-weight: bold; text-align: right">&nbsp;</TD><TD STYLE="font-size: 11pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: center">For the Period Entering</TD><TD STYLE="font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="font-size: 8pt; font-weight: bold; text-align: center; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD COLSPAN="5" STYLE="font-weight: bold; text-align: center; vertical-align: bottom">Six Months Ended </TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: center">the Development Stage</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD COLSPAN="5" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center; vertical-align: bottom">January 31, </TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: center">August 1, 2008</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center; vertical-align: bottom">2013</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center; vertical-align: bottom">2012</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">- January 31, 2013</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="font-weight: bold; text-align: left">CASH FLOWS FROM OPERATING ACTIVITIES:</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-left: 10pt">Net loss</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">(377,346</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">(56,901</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">(2,684,861</TD><TD STYLE="text-align: left">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-left: 10pt">Adjustments to reconcile net loss to net cash utilized by operating activities</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="padding-left: 20pt">Depreciation</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">3,549</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">5,507</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">106,865</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-left: 20pt">Loss on disposal of property and equipment</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">26,360</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-left: 20pt">Loss on extinguishment of debt</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">329,280</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">329,280</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-left: 10pt">Increase (decrease) in cash flows from changes in operating assets and liabilities</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-left: 30pt">Prepaid expenses and other current assets</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">975</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 30pt">Accounts payable and accrued expenses</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">44,517</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">18,857</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,366,384</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 10pt">Net cash used in operating activities</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(31,562</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(855,972</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD>&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="font-weight: bold; text-align: left">CASH FLOWS FROM INVESTING ACTIVITIES:</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 20pt">Additions to property and equipment</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(17,015</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 10pt">Net cash used in investing activities</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(17,015</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD>&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="font-weight: bold; text-align: left">CASH FLOWS FROM FINANCING ACTIVITIES:</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-left: 20pt">Proceeds from advances</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">54,539</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,573,333</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-left: 20pt">Advances from related parties</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,150,743</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-left: 20pt">Payments on advances</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(22,984</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(752,231</TD><TD STYLE="text-align: left">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 20pt">Payments to related parties</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(1,114,553</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 10pt">Net cash provided by financing activities</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">31,555</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">857,292</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD>&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="font-weight: bold; text-align: left">CHANGE IN CASH AND CASH EQUIVALENTS</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-left: 10pt">Net decrease in cash and cash equivalents</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(7</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(15,695</TD><TD STYLE="text-align: left">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-bottom: 1pt; padding-left: 10pt">Cash and cash equivalents at beginning of year</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">7</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">15,695</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD>&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-bottom: 2.5pt; padding-left: 10pt">Cash and cash equivalents at end of year</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD>&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="font-weight: bold; text-align: left">SUPPLEMENTAL CASH FLOW DISCLOSURES</TD><TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
      <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: right">&nbsp;</TD><TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
      <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: right">&nbsp;</TD><TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
      <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: right">&nbsp;</TD><TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-left: 10pt">Cash paid during the year for:</TD><TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
      <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: right">&nbsp;</TD><TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
      <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: right">&nbsp;</TD><TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
      <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: right">&nbsp;</TD><TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="padding-left: 20pt">Interest</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-left: 20pt">Income taxes</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD>&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="font-weight: bold; text-align: left">SUPPLEMENTAL DISCLOSURE OF NON-CASH FINANCING ACTIVITIES</TD><TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
      <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: right">&nbsp;</TD><TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
      <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: right">&nbsp;</TD><TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
      <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: right">&nbsp;</TD><TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-left: 10pt">Shares issued for related party advances</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">493,920</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">4,927,778</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-left: 10pt">Shares issued for accrued interest on paid promissory note</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">1,360,341</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
      <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: right">&nbsp;</TD><TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
      <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: right">&nbsp;</TD><TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
      <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: right">&nbsp;</TD><TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
      <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: right">&nbsp;</TD><TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
      <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: right">&nbsp;</TD><TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
      <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: right">&nbsp;</TD><TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD COLSPAN="13" STYLE="text-align: center">See accompanying notes to unaudited financial statements</TD></TR>
  </TABLE>
  
  
  
  
  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-right: 0; margin-left: 0"></P>
  
  
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      <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: right; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->6<!-- Field: /Sequence --></TD></TR></TABLE></DIV>
      <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: left; width: 100%"><A HREF="#a_001" TITLE="Table of Contents" STYLE="font-style: italic">Table of Contents</A></TD></TR></TABLE></DIV>
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  <P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt"><B>&nbsp;</B></P>
  
  <P STYLE="color: Red; font: 9pt/115% Sans-Serif; margin: 0 0 10pt"><B></B></P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="border-collapse: collapse; width: 100%; font: 7pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: bottom">
      <TD COLSPAN="25" STYLE="font-size: 11pt; font-weight: bold; text-align: center">Clean Enviro Tech Corp.</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD COLSPAN="25" STYLE="font-size: 11pt; font-weight: bold; text-align: center">(Formerly Sky Power Solutions Corp.)</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD COLSPAN="25" STYLE="font-size: 11pt; font-weight: bold; text-align: center">(A Development Stage Company)</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD COLSPAN="25" STYLE="font-size: 11pt; font-weight: bold; text-align: center"><A NAME="a_007"></A>Statement of Stockholders' Deficiency</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD COLSPAN="25" STYLE="font-size: 11pt; font-weight: bold; text-align: center">For the Periods Ended As Noted</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD COLSPAN="25" STYLE="font-size: 11pt; font-weight: bold; text-align: center">(unaudited)</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD>&nbsp;</TD><TD>&nbsp;</TD>
      <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD><TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD><TD>&nbsp;</TD>
      <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD><TD>&nbsp;</TD>
      <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD><TD>&nbsp;</TD>
      <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD><TD>&nbsp;</TD>
      <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD>&nbsp;</TD><TD>&nbsp;</TD>
      <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">&nbsp;</TD><TD>&nbsp;</TD>
      <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD><TD>&nbsp;</TD>
      <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD><TD>&nbsp;</TD>
      <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD><TD>&nbsp;</TD>
      <TD COLSPAN="3" STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD>&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">Number of</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">Common</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">Additional paid</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">Accumulated</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">Deficit Accumulated</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">Total</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD STYLE="font-family: Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">Common Shares</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">Shares $0.001</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">in capital</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">Deficit</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">During the</TD><TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD>&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">Par Value</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">Development Stage</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD>&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="width: 31%; font-weight: bold; text-align: justify">Balance - August 1, 2010</TD><TD STYLE="width: 1%">&nbsp;</TD>
      <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 9%; text-align: right">23,017</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
      <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 9%; text-align: right">23</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
      <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 9%; text-align: right">133,895</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
      <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 6%; text-align: right">(4,604,623</TD><TD STYLE="width: 1%; text-align: left">)</TD><TD STYLE="width: 1%">&nbsp;</TD>
      <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 12%; text-align: right">(1,695,396</TD><TD STYLE="width: 1%; text-align: left">)</TD><TD STYLE="width: 1%">&nbsp;</TD>
      <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 6%; text-align: right">(6,166,101</TD><TD STYLE="width: 1%; text-align: left">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left">Issuance of common stock for related party advances</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">400,146</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">400</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,320,957</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,321,356</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-bottom: 1pt">Net Loss</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(474,647</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(474,647</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="font-weight: bold; text-align: justify; padding-bottom: 1pt">Balance - July 31, 2011</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">423,163</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">423</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">4,454,852</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(4,604,623</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(2,170,043</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(2,319,391</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left">Issuance of common stock for related party advances</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">75,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">75</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">112,425</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">112,500</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left">Issuance of common stock for accrued interest on note</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,500,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,500</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,358,841</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,360,341</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-bottom: 1pt">Net Loss</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(137,472</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(137,472</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="font-weight: bold; text-align: justify; padding-bottom: 1pt">Balance - July 31, 2012</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,998,163</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,998</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">5,926,118</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(4,604,623</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(2,307,515</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(984,022</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left">Issuance of common stock for related party advances</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">7,840,000</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">7,840</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">815,361</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">823,201</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-bottom: 1pt">Net Loss</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(377,346</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(377,346</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="font-weight: bold; text-align: justify; padding-bottom: 1pt">Balance - January 31, 2013</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">9,838,163</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">9,838</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">6,741,479</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(4,604,623</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(2,684,861</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">)</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(538,167</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="font-weight: bold; text-align: justify">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD STYLE="font-weight: bold; text-align: justify">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD COLSPAN="25" STYLE="text-align: center">See accompanying notes to unaudited financial statements</TD></TR>
  </TABLE>
  
  
  
  <P STYLE="color: Red; font: 9pt/115% Sans-Serif; margin: 0 0 10pt"><B></B></P>
  
  <P STYLE="font: 12pt Times New Roman, Times, Serif; margin-right: 0; margin-left: 0">&nbsp;</P>
  
  
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      <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: left; width: 100%"><A HREF="#a_001" TITLE="Table of Contents" STYLE="font-style: italic">Table of Contents</A></TD></TR></TABLE></DIV>
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  <P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt"><B>&nbsp;</B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><B>CLEAN ENVIRO TECH CORP.</B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><B>(FORMERLY SKY POWER SOLUTIONS CORP.)</B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0"><B>(A DEVELOPMENT STAGE COMPANY)</B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><A NAME="a_008"></A><B>NOTES TO UNAUDITED FINANCIAL STATEMENTS</B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><B>January 31, 2013</B></P>
  
  <P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt"><B>(unaudited)</B></P>
  
  <P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt"><B>Note 1. Financial Statement Presentation </B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">Clean Enviro Tech Corp. (formerly Sky Power Solutions Corp.)
  (the &ldquo;Company&rdquo; or &ldquo;Clean&rdquo;) following the merger with the Company&rsquo;s wholly-owned subsidiary on December
  24,2012 (formed for the sole purpose of merging with its parent), continues to work on the further development of the lithium batteries
  technology licensed from Terra Inventions Corp. (formerly Li-ion Motors Corp.) (&ldquo;Terra&rdquo;), the Company&rsquo;s former
  parent. Consultants for the Company are continuing work on the solar concentrating electric power generating system working independently.</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">As of August 1, 2008, the Company is considered a development
  stage enterprise as defined in the Financial Accounting Standards Board (&ldquo;FASB&rdquo;) Accounting Standards Codification
  (&ldquo;ASC&rdquo;) 915, &ldquo;Development Stage Entities&rdquo; (&ldquo;ASC 915&rdquo;).&nbsp;&nbsp;The Company has limited revenue
  to date, continues to raise capital and there is no assurance that ultimately the Company will achieve a profitable level of operations.</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">The summary of significant accounting policies is presented
  to assist in the understanding of the financial statements. The financial statements and notes are the representations of management.
  These accounting policies conform to accounting policies generally accepted in the United States of America and have been consistently
  applied in the preparation of the financial statements.</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><B><I>History and Nature of Business</I></B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/12.75pt Times New Roman, Times, Serif; margin: 0 0 10pt">On April 2, 2011, the Company&rsquo;s Board of Directors
  (the &ldquo;Board&rdquo;) authorized the merger with our wholly-owned subsidiary, Sky Power Solutions Corp., and in the merger
  the name of our Company was changed to Sky Power Solutions Corp.</P>
  
  <P STYLE="font: 10pt/12.75pt Times New Roman, Times, Serif; margin: 0 0 10pt">On April 15, 2008, Terra sold its controlling interest
  of the Company&rsquo;s outstanding common stock to Blue Diamond Investments, Inc. (&ldquo;Blue Diamond&rdquo;) With the sale of
  our VoIP telecommunications business, named Zingo Telecom, Inc., on May 15, 2008, the Company intends to concentrate efforts on
  further development of the lithium batteries technology licensed from Terra, the Company&rsquo;s former parent.</P>
  
  <P STYLE="font: 10pt/12.75pt Times New Roman, Times, Serif; margin: 0 0 10pt">Effective April 15, 2008, the Company entered into
  a License Agreement (&ldquo;License Agreement&rdquo;) with Terra Inventions providing for Terras' license to the Company of Terras&rsquo;
  patent applications and technologies for rechargeable lithium-ion batteries for hybrid vehicles and other applications (&ldquo;Licensed
  Products&rdquo;).</P>
  
  <P STYLE="font: 10pt/12.75pt Times New Roman, Times, Serif; margin: 0 0 10pt">Under the License Agreement, Terra has the right
  to purchase its requirements of lithium ion batteries from the Company, and its requirements of lithium ion batteries shall be
  supplied in preference to, and on a priority basis as compared with, supply and delivery arrangements in effect for our other customers.
  Terras' cost for lithium ion batteries purchased from the Company is the actual manufacturing costs for such batteries for our
  fiscal quarter in which Terras&rsquo; purchase takes place.</P>
  
  <P STYLE="font: 10pt/12.75pt Times New Roman, Times, Serif; margin: 0 0 10pt">On May 25, 2010, the agreement was amended to grant
  the Company the exclusive license rights for the United States and Terra may grant other companies rights elsewhere around the
  world.</P>
  
  <P STYLE="font: 10pt/12.75pt Times New Roman, Times, Serif; margin: 0 0 10pt">Under the terms of the License Agreement, the Company
  agreed to invest a minimum of $1,500,000 in each of the first two years under the License Agreement in development of the technology
  for the Licensed Products. To date, we have not met the minimum requirements in the development of the technology, and therefore,
  are not compliant with our obligations under this covenant of the License Agreement. Terra has advised the Company that it will
  not give notice of default against the Company for its failure to comply with this covenant over the term of the License Agreement.</P>
  
  <P STYLE="font: 10pt/12.75pt Times New Roman, Times, Serif; margin: 0 0 10pt">Effective April 16, 2008, the Company agreed to lease
  approximately 5,000 square feet of space in Terra&rsquo;s&rsquo; North Carolina facility. The leased space was suitable, and utilized
  by the Company, for developmental and manufacturing operations for licensed products pursuant to the license agreement. The lease
  was terminated May 2012. Also, effective April 16, 2008, the Company purchased certain equipment and supplies related to the license
  agreement from Terra for the purchase price of $29,005.</P>
  
  
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  <P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0"><B><I>&nbsp;</I></B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><B><I>Basis of Presentation</I></B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><I>Going Concern</I></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">The Company&rsquo;s financial statements for the period ended
  January 31, 2013, have been prepared on a going concern basis which contemplates the realization of assets and settlement of liabilities
  and commitments in the normal course of business. The Company did not have any revenue and as of January 31, 2013, there was a
  working capital deficit of approximately $1 million. Management recognized that the Company&rsquo;s continued existence is dependent
  upon its ability to obtain needed working capital through additional equity and/or debt financing and revenue to cover expenses
  as the Company continues to incur losses.</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">Since its incorporation, the Company financed its operations
  almost exclusively through advances from its controlling shareholders. The Company expects to finance operations through the sale
  of equity or other investments for the foreseeable future, as the Company does not receive significant revenue from its new business
  operations. There is no guarantee that the Company will be successful in arranging financing on acceptable terms.</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">The Company's ability to raise additional capital is affected
  by trends and uncertainties beyond its control. The Company does not currently have any arrangements for financing and it may not
  be able to find such financing if required. Obtaining additional financing would be subject to a number of factors, including investor
  sentiment. Market factors may make the timing, amount, terms or conditions of additional financing unavailable to it. These uncertainties
  raise substantial doubt about the ability of the Company to continue as a going concern. The accompanying financial statements
  do not include any adjustments that might result from the outcome of these uncertainties.</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><I>&nbsp;</I></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><I>Common Stock</I></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/12.75pt Times New Roman, Times, Serif; margin: 0 0 10pt">On September 17, 2009, the Board declared a three-for-one
  forward stock split that was affected in the form of a stock dividend.</P>
  
  <P STYLE="font: 10pt/12.75pt Times New Roman, Times, Serif; margin: 0 0 10pt">Effective April 26, 2011, the Company filed with
  SOSN a Certificate of Change that affected a one-for-three hundred reverse split in our outstanding common stock and a reduction
  of our authorized common stock in the same one-for-three hundred, from 750,000,000 shares to 2,500,000 shares.</P>
  
  <P STYLE="font: 10pt/12.75pt Times New Roman, Times, Serif; margin: 0 0 10pt">On June 6, 2011, the Board approved the filing of
  a Certificate of Amendment with the Secretary of State of Nevada (&ldquo;SOSN&rdquo;) which gave the Company the authority to issue
  100 million shares of common stock and 10 million shares of preferred stock.</P>
  
  <P STYLE="font: 10pt/12.75pt Times New Roman, Times, Serif; margin: 0 0 10pt">On May 4, 2011, debt to Blue Diamond and its assignees
  in the amount of $4,321,358 was converted into 20,007,309 shares of the Company&rsquo;s common stock.</P>
  
  <P STYLE="font: 10pt/12.75pt Times New Roman, Times, Serif; margin: 0 0 10pt">On April 26, 2012, debt to Terra was assigned to
  Frontline Asset Management (&ldquo;Frontline&rdquo;) and Windsor Capital (&ldquo;Windsor&rdquo;) in the amount of $112,500 which
  was converted into 3,750,000 shares of the Company&rsquo;s common stock.</P>
  
  <P STYLE="font: 10pt/12.75pt Times New Roman, Times, Serif; margin: 0 0 10pt">On June 11, 2012, accrued interest to Blue Diamond
  was assigned to various corporations in the amount of $1,360,341. Those assignees converted the debt into 75,000,000 shares of
  the Company&rsquo;s common Stock.</P>
  
  <P STYLE="font: 10pt/12.75pt Times New Roman, Times, Serif; margin: 0 0 10pt">On November 1, 2012, debt to Frontline was assigned
  to Kisumu S.A. in the amount of $493,920 which was converted into 7,840,000 shares of the Company&rsquo;s common stock.</P>
  
  <P STYLE="font: 10pt/12.75pt Times New Roman, Times, Serif; margin: 0 0 10pt">Effective January 18, 2013 as approved by the Financial
  Industry Regulatory Authority (&ldquo;FINRA&rdquo;), the Company&rsquo;s Certificate of Change filed with SOSN affected a one-for-fifty
  reverse split in the Company&rsquo;s outstanding common stock and a reduction of our authorized common stock in the same one-for-fifty
  ratio, from 100,000,000 shares to 10,000,000 shares.</P>
  
  <P STYLE="font: 10pt/12.75pt Times New Roman, Times, Serif; margin: 0 0 10pt">All common stock references have been restated to
  reflect the stock splits. See Note 6 &ldquo;Common Stock&rdquo;, for further discussion.</P>
  
  <P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt"><B>Note 2. Summary of Significant Accounting Policies</B></P>
  
  <P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt">The Company&rsquo;s significant accounting policies
  are summarized in Note 2 of the Company&rsquo;s Annual Report on Form 10-K for the year ended July 31, 2012. There were no significant
  changes to these accounting policies during the six months ended January 31, 2013, and the Company does not expect that the adoption
  of other recent accounting pronouncements will have a material impact on its financial statements.&nbsp;</P>
  
  
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  <P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt"><B>Note 3. Fair Value Measurements</B></P>
  
  <P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt">The Company utilizes the accounting guidance for fair
  value measurements and disclosures for all financial assets and liabilities and nonfinancial assets and liabilities that are recognized
  or disclosed at fair value in the condensed financial statements on a recurring basis or on a nonrecurring basis during the reporting
  period. The fair value is an exit price, representing the price that would be received to sell an asset or paid to transfer a liability
  in an orderly transaction between market participants based upon the best use of the asset or liability at the measurement date.
  The Company utilizes market data or assumptions that market participants would use in pricing the asset or liability. The accounting
  guidance establishes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. These tiers
  are defined as follows:</P>
  
  <P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt"><B>Level 1</B> - Observable inputs such as quoted market
  prices in active markets</P>
  
  <P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt"><B>Level 2</B> - Inputs other than quoted prices in
  active markets that are either directly or indirectly observable</P>
  
  <P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0"><B>Level 3 </B>- Unobservable inputs about which little or
  no market data exists, therefore requiring an entity to develop its own assumptions.</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0">As of January 31, 2013, the Company held certain financial
  assets that are measured at fair value on a recurring basis. These consisted of cash and cash equivalents. The fair values of the
  cash and cash equivalents is determined based on quoted market prices in public markets and is categorized as Level 1. The Company
  does not have any financial assets measured at fair value on a recurring basis as Level 3 and there were no transfers in or out
  of Level 1, Level 2 or Level 3 during the six months ended January 31, 2013, and 2012.</P>
  
  <P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0">The following table sets forth by level, within the
  fair value hierarchy, the Company&rsquo;s financial assets accounted for at fair value on a recurring basis as of January 31,
  2013, and July 31, 2012.</P>
  
  <P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
      <TD COLSPAN="13" STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center; vertical-align: bottom">Assets at Fair Value Using</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD>&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD>&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
      <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
      <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: center">Quoted Prices in<BR> Activated Markets for Identical Assets</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
      <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: center">Significant Other<BR> Observable Inputs</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
      <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="font-weight: bold; text-align: center">Significant Observable<BR> Inputs</TD><TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center; vertical-align: bottom">Total</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">(Level 1)</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">(Level 2)</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt; text-align: center">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center; vertical-align: bottom">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">(Level 2)</TD><TD STYLE="padding-bottom: 1pt; font-weight: bold; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: center">January 31, 2013</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="width: 30%; text-align: left">Cash and cash equivalents</TD><TD STYLE="width: 1%">&nbsp;</TD>
      <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 10%; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
      <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 15%; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
      <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 15%; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
      <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 15%; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD>&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: center">July 31, 2012</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left">Cash and cash equivalents</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  </TABLE>
  
  
  
  <P STYLE="color: Red; font: 9pt/115% Sans-Serif; margin: 0; text-align: center"><B></B></P>
  
  <P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt">The Company has other financial instruments, such as
  receivables, accounts payable and other liabilities which have been excluded from the tables above. Due to the short-term nature
  of these instruments, the carrying value of receivables, accounts payable and other liabilities approximate their fair values.
  The Company did not have any other financial instruments with the scope of the fair value disclosure requirements as of January
  31, 2013.</P>
  
  <P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt">Non-financial assets and liabilities, such as goodwill
  and long-lived assets, are accounted for at fair value on a nonrecurring basis. These items are tested for impairment on the occurrence
  of a triggering event or in the case of goodwill, on at least an annual basis. Management reviews long-lived assets for potential
  impairment whenever significant events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable.
  An impairment exists when the carrying amount of the long-lived asset is not recoverable and exceeds its fair value. The carrying
  amount of a long-lived asset is not recoverable if it exceeds the sum of the estimated undiscounted cash flows expected to result
  from the use and eventual depletion of the asset. If an impairment exists, the resulting write-down would be the difference between
  the fair market value of the long-lived asset and the related net book value.
  As of the balance sheet date, the carrying value of its long-lived assets are recoverable and no impairment existed.</P>
  
  
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      <!-- Field: /Page -->
  
  <P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0"><B>Note 4. Property and Equipment</B></P>
  
  <P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0">Property and equipment consists of:</P>
  
  <P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="color: Red; font: 9pt/115% Sans-Serif; margin: 0; text-align: center"><B></B></P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: bottom">
      <TD>&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; vertical-align: bottom">January 31, 2013</TD><TD STYLE="font-weight: bold; text-align: center; vertical-align: bottom">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; vertical-align: bottom">July 31, 2012</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD>&nbsp;</TD><TD>&nbsp;</TD>
      <TD COLSPAN="3" STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
      <TD COLSPAN="3" STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="width: 56%; padding-bottom: 1pt">Equipment</TD><TD STYLE="width: 5%; padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="width: 1%; border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="width: 15%; border-bottom: Black 1pt solid; text-align: right">131,455</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="width: 8%; padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="width: 1%; border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="width: 12%; border-bottom: Black 1pt solid; text-align: right">131,455</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD>&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left">Property and equipment</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">131,455</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">131,455</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-bottom: 1pt">Less: Accumulated depreciation</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(111,039</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">(107,491</TD><TD STYLE="padding-bottom: 1pt; text-align: left">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD>&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-bottom: 2.5pt">Property and equipment, net</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">20,416</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">23,964</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
  </TABLE>
  
  
  
  <P STYLE="color: Red; font: 9pt/115% Sans-Serif; margin: 0; text-align: center"><B></B></P>
  
  <P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0">Depreciation expense for the six months ended January 31, 2013
  and 2012, was $3,549 and $5,507, respectively. For the three months ended January 31, 2013 and 2012, depreciation expense was $2,484
  and $2,484, respectively and is included in selling, general and administrative expenses on the Company&rsquo;s statement of operations.</P>
  
  <P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0"><B>Note 5. Accounts Payable and Accrued Expenses</B></P>
  
  <P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>
  
  <P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0">Accounts payable and accrued expenses consisted of:</P>
  
  <P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: bottom">
      <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">January 31, 2013</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">July 31, 2012</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD>&nbsp;</TD><TD>&nbsp;</TD>
      <TD COLSPAN="3">&nbsp;</TD><TD>&nbsp;</TD>
      <TD COLSPAN="3">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="width: 56%; text-align: left">Accounts payable</TD><TD STYLE="width: 5%">&nbsp;</TD>
      <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 15%; text-align: right">161,531</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 8%">&nbsp;</TD>
      <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 12%; text-align: right">110,856</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left">Wages, paid leave and payroll related taxes</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">7,520</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">7,520</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-bottom: 1pt">Other accrued expenses</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">1,250</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">7,408</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD>&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="padding-bottom: 2.5pt">Total</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">170,301</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">$</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">125,784</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR>
  </TABLE>
  
  
  
  <P STYLE="color: Red; font: 9pt/115% Sans-Serif; margin: 0"><B></B></P>
  
  <P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>
  
  <P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0"><B>Note 6. Common Stock</B></P>
  
  <P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/12.75pt Times New Roman, Times, Serif; margin: 0">Effective January 18, 2013, the Company filed with SOSN
  a Certificate of Change that affected a 1:50 reverse split in the Company&rsquo;s outstanding common stock and a reduction of our
  authorized common stock in the same 1:50 ratio, from 100,000,000 shares to 10,000,000 shares.</P>
  
  <P STYLE="font: 10pt/12.75pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0">On November 1, 2012, Frontline assigned $61,740 of its debt
  to Brothers Capital Corp. (&ldquo;Brothers&rdquo;) and Brothers converted the assigned note for 49,000,000 shares of Common Stock
  at a discounted price of $0.00126 per share.</P>
  
  <P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0">On November 1, 2012, Frontline assigned $61,740 of its debt
  to Reliable Investments Corp. (&ldquo;Reliable&rdquo;) and Reliable converted the assigned note for 49,000,000 shares of Common
  Stock at a discounted price $0.00126 per share.</P>
  
  <P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0">On November 1, 2012, Frontline assigned $61,740 of its debt
  to Platinum Capital Holdings Corp. (&ldquo;Platinum&rdquo;) and Platinum converted the assigned note for 49,000,000 shares of Common
  Stock at a discounted price $0.00126 per share.</P>
  
  <P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0">On November 1, 2012, Frontline assigned $61,740 of its debt
  to Wazalmin and Wazalmin converted the assigned note for 49,000,000 shares of Common Stock at a discounted price $0.00126 per share.</P>
  
  <P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0">On November 1, 2012, Frontline assigned $61,740 of its debt
  to Nexium Financial Inc. (&ldquo;Nexium&rdquo;) and Nexium converted the assigned note for 49,000,000 shares of Common Stock at
  a discounted price $0.00126 per share.</P>
  
  <P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0">On November 1, 2012, Frontline assigned $61,740 of its debt
  to Artic Orchards Ltd. (&ldquo;Artic&rdquo;) and Artic converted the assigned note for 49,000,000 shares of Common Stock at a discounted
  price $0.00126 per share.</P>
  
  <P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0">On November 1, 2012, Frontline assigned $61,740 of its debt
  to SSR Investments Corp. (&ldquo;SSR&rdquo;) and SSR converted the assigned note for 49,000,000 shares of Common Stock at a discounted
  price $0.00126 per share.</P>
  
  <P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0">On November 1, 2012, Frontline assigned $30,870 of its debt
  to ALG Financial, LLC (&ldquo;ALG&rdquo;) and ALG converted the assigned note for 24,500,000 shares of Common Stock at a discounted
  price $0.00126 per share.</P>
  
  
  
  <!-- Field: Page; Sequence: 11 -->
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      <!-- Field: /Page -->
  
  <P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0">On November 1, 2012, Frontline assigned $30,870 of its debt
  to Kisumu, S.A. (&ldquo;Kisumu&rdquo;) and Kisumu converted the assigned note for 24,500,000 shares of Common Stock at a discounted
  price $0.00126 per share.</P>
  
  <P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">On June 11, 2012, Blue Diamond assigned $86,155 of its debt
  to Eurolink Corporation (&ldquo;Eurolink&rdquo;) and Eurolink converted the assigned note for 4,750,000 shares of Common Stock
  at $0.0181379 per share.</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">On&nbsp;June 11,&nbsp;2012, Blue Diamond assigned $86,155
  of its debt to Heritage Asset Management, Inc. (&ldquo;Heritage&rdquo;) and Heritage converted the assigned note for 4,750,000
  shares of Common Stock at&nbsp;$0.0181379&nbsp;per share.</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">On June 11, 2012, Blue Diamond assigned $86,155 of its debt
  to Kisumu S.A. (&ldquo;Kisumu&rdquo;) and Kisumu converted the assigned note for 4,750,000 shares of Common Stock at $0.0181379
  per share.</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">On&nbsp;June 11, 2012, Blue Diamond assigned $172,310 of
  its debt to Starglow Asset, Inc. (&ldquo;Starglow&rdquo;) and Starglow converted the assigned note for 9,500,000 shares of Common
  Stock at&nbsp;$0.0181379&nbsp;per share.</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">On&nbsp;June 11,&nbsp;2012, Blue Diamond assigned $624,850
  of its debt to Domino Developments, Inc. (&ldquo;Domino&rdquo;) and Domino converted the assigned note for 34,450,000 shares of
  Common Stock at&nbsp;$0.0181379&nbsp;per share.</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">On&nbsp;June 11, 2012, Blue Diamond assigned $170,496 of
  its debt to Honeycomb Developments, LLC (&ldquo;Honeycomb&rdquo;) and Honeycomb converted the assigned note for 9,400,000 shares
  of Common Stock at&nbsp;$0.0181379&nbsp;per share.</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">On&nbsp;June 11, 2012, Blue Diamond assigned $134,220 of
  its debt to Legend International, LLC (&ldquo;Legend&rdquo;) and Legend converted the assigned note for 7,400,000 shares of Common
  Stock at&nbsp;$0.0181379&nbsp;per share.</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">On April 26, 2012, Terra assigned $112,500 of its debt to
  Frontline and Frontline assigned $63,000 of the assigned note to Windsor. Frontline converted the balance of the assigned note
  for 1,650,000 shares of Common Stock at $0.03 per share. Windsor converted the assigned note for 2,100,000 shares of Common Stock
  at $0.03 per share.</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">On June 6, 2011, the Company filed a Certificate of Amendment
  with the Secretary of State of Nevada (&ldquo;SOSN&rdquo;) which gave the Company the authority to issue 100 million shares of
  common stock and 10 million shares of preferred stock</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">On May 4, 2011, Blue Diamond assigned $216,000 of its debt
  to Eurolink Corporation (&ldquo;Eurolink&rdquo;) and Eurolink converted the assigned note for 1,000,000 shares of Common Stock
  at $0.216 per share.</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">On May 4, 2011, Blue Diamond assigned $216,000 of its debt
  to Heritage Asset Management, Inc. (&ldquo;Heritage&rdquo;) and Heritage converted the assigned note for 1,000,000 shares of Common
  Stock at $0.216 per share.</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">On May 4, 2011, Blue Diamond assigned $216,000 of its debt
  to Kisumu S.A. (&ldquo;Kisumu&rdquo;) and Kisumu converted the assigned note for 1,000,000 shares of Common Stock at $0.216 per
  share.</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">On May 4, 2011, Blue Diamond assigned $216,000 of its debt
  to Starglow Asset, Inc. (&ldquo;Starglow&rdquo;) and Starglow converted the assigned note for 1,000,000 shares of Common Stock
  at $0.216 per share.</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">On May 4, 2011, Blue Diamond assigned $453,600 of its debt
  to Domino Developments, Inc. (&ldquo;Domino&rdquo;) and Domino converted the assigned note for 2,100,000 shares of Common Stock
  at $0.216 per share.</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">On May 4, 2011, Blue Diamond assigned $453,600 of its debt
  to Honeycomb Developments, LLC (&ldquo;Honeycomb&rdquo;) and Honeycomb converted the assigned note for 2,100,000 shares of Common
  Stock at $0.216 per share.</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">On May 4, 2011, Blue Diamond assigned $453,600 of its debt
  to Legend International, LLC (&ldquo;Legend&rdquo;) and Legend converted the assigned note for 2,100,000 shares of Common Stock
  at $0.216 per share.</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">On May 4, 2011, Blue Diamond converted the principal balance
  of its note of $2,049,037.52 for 9,486,285 shares of Common Stock at $0.216 per share.</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/12.75pt Times New Roman, Times, Serif; margin: 0">Effective April 26, 2011, the Company filed with SOSN a
  Certificate of Change that affected a 1:300 reverse split in the Company&rsquo;s outstanding common stock and a reduction of our
  authorized common stock in the same 1:300 ratio, from 750,000,000 shares to 2,500,000 shares.</P>
  
  
  
  <!-- Field: Page; Sequence: 12 -->
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  <P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/12.75pt Times New Roman, Times, Serif; margin: 0">On April 25, 2011, the Board approved the conversion of
  $47,520 of debt due to Blue Diamond Investments for 220,000 shares of our common stock at $0.216 per share.</P>
  
  <P STYLE="font: 10pt/12.75pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/12.75pt Times New Roman, Times, Serif; margin: 0">Conversion price was equal to fair market value of common
  share on the date of conversion, except for the conversion of shares on November 1, 2012, which were converted below fair value.
  For the six months ended January 31, 2013, the Company recorded a loss on extinguishment of debt in the amount of $329,280 in connection
  with the conversion.</P>
  
  <P STYLE="font: 10pt/12.75pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/12.75pt Times New Roman, Times, Serif; margin: 0">On September 17, 2009, the Company&rsquo;s Board of Directors
  declared a three-for-one forward stock split of the Company&rsquo;s common stock that was effected in the form of a stock dividend.
  A three-for-one forward split in our common stock was effective October 19, 2009. The Certificate of Change filed with the Nevada
  Secretary of State on September 18, 2009, providing for the forward split, changed the number of shares of our outstanding common
  stock from 115,000,000 to 345,000,000, and the number of shares of our authorized common stock increased in the same ratio, from
  250,000,000 to 750,000,000.</P>
  
  <P STYLE="font: 10pt/12.75pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/12.75pt Times New Roman, Times, Serif; margin: 0">Effective April 26, 2011, the Company filed with SOSN a
  Certificate of Change that affected a 1:300 reverse split in the Company&rsquo;s outstanding common stock and a reduction of our
  authorized common stock in the same 1:300 ratio, from 750,000,000 shares to 2,500,000 shares.</P>
  
  <P STYLE="font: 10pt/12.75pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/12.75pt Times New Roman, Times, Serif; margin: 0">See Note 7 &ldquo;Net Loss Per Common Share,&rdquo; for
  the impact on the Company&rsquo;s loss per share amounts as a result of the 2011 reverse stock split. This reverse stock split
  on January 18, 2013, resulted in the reduction of approximately 97,909,000 shares of common stock and was accounted for by the
  transfer of $97,909 from common stock to additional paid-in-capital which is the amount equal to the par value of the reduction
  of shares to affect the reverse stock split.</P>
  
  <P STYLE="font: 10pt/12.75pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0"><B>Note 7. Net Loss Per Common Share</B></P>
  
  <P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>
  
  <P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0">Loss per share is computed based on the weighted average number
  of shares outstanding during the year. Diluted loss per common share is computed by dividing net loss by the weighted average number
  of common shares and potential common shares during the specified periods. The Company has no outstanding options, warrants or
  other convertible instruments that could affect the calculated number of shares.</P>
  
  <P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0">The following table sets forth the reconciliation of the basic
  and diluted net loss per common share computations for the six months ended January 31, 2013 and 2012.</P>
  
  <P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="border-collapse: collapse; width: 100%; font: 9pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: bottom">
      <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
      <TD COLSPAN="11" STYLE="font-weight: bold; text-align: center">Six Months Ended</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
      <TD COLSPAN="11" STYLE="font-weight: bold; text-align: center">Six Months Ended</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
      <TD COLSPAN="11" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">January 31, 2013</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
      <TD COLSPAN="11" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">January 31, 2012</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">Income</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">Shares</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">Per-Share</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">Income</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">Shares</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">Per-Share</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">(Numerator)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">(Denominator)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">Amount</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">(Numerator)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">(Denominator)</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">Amount</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD STYLE="font-size: 10pt">&nbsp;</TD><TD>&nbsp;</TD>
      <TD COLSPAN="3" STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
      <TD COLSPAN="3" STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
      <TD COLSPAN="3" STYLE="text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="font-size: 10pt; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="font-size: 10pt">&nbsp;</TD><TD>&nbsp;</TD>
      <TD COLSPAN="3" STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
      <TD COLSPAN="3" STYLE="text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="font-size: 10pt; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="width: 40%; text-align: left">Net (loss)</TD><TD STYLE="width: 2%">&nbsp;</TD>
      <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 6%; text-align: right">(377,346</TD><TD STYLE="width: 1%; text-align: left">)</TD><TD STYLE="width: 2%">&nbsp;</TD>
      <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 6%; text-align: right">&nbsp;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
      <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 6%; text-align: right">&nbsp;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
      <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 6%; text-align: right">(56,901</TD><TD STYLE="width: 1%; text-align: left">)</TD><TD STYLE="width: 2%">&nbsp;</TD>
      <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 6%; text-align: right">&nbsp;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 2%">&nbsp;</TD>
      <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 6%; text-align: right">&nbsp;</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD>&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD>Basic loss per common share</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(377,346</TD><TD STYLE="text-align: left">)</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">9,752,946</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(0.04</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(56,901</TD><TD STYLE="text-align: left">)</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
      <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">423,146</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(0.13</TD><TD STYLE="text-align: left">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD>&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="text-align: left; padding-bottom: 1pt">Effect of dilutive securities</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&mdash;&nbsp;&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD>&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD>Diluted loss per common share</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">(377,346</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">9,752,946</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(0.04</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">$</TD><TD STYLE="text-align: right">(56,901</TD><TD STYLE="text-align: left">)</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">423,146</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">(0.13</TD><TD STYLE="text-align: left">)</TD></TR>
  </TABLE>
  
  
  
  <P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0">Net loss per common share for the six and three months ended
  January 31, 2012, has been revised.&nbsp;All share and per share amounts have been restated to reflect the one-for-fifty reverse
  stock split as discussed in Note 6.</P>
  
  <P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt">The amounts previously reported for the six and three
  months ended January 31, 2012, were as follows:</P>
  
  <TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="border-collapse: collapse; width: 80%; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: bottom">
      <TD>&nbsp;</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">Six Months Ended</TD><TD STYLE="font-weight: bold">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center">Three Months Ended</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD>&nbsp;</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">January 31, 2012</TD><TD STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
      <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">January 31, 2012</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="width: 56%; text-align: left">Basic and Diluted Loss Per Common Share</TD><TD STYLE="width: 1%">&nbsp;</TD>
      <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 18%; text-align: right">(0.00</TD><TD STYLE="width: 1%; text-align: left">)</TD><TD STYLE="width: 1%">&nbsp;</TD>
      <TD STYLE="width: 1%; text-align: left">$</TD><TD STYLE="width: 20%; text-align: right">(0.00</TD><TD STYLE="width: 1%; text-align: left">)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD>&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
      <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
      <TD STYLE="padding-bottom: 1pt">Weighted Average Number of Shares</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: right">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
      <TD STYLE="text-align: left; padding-bottom: 2.5pt">Outstanding -Basic and Diluted</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">21,157,316</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt">&nbsp;</TD>
      <TD STYLE="border-bottom: Black 2.5pt double; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; text-align: right">21,157,316</TD><TD STYLE="padding-bottom: 2.5pt; text-align: left">&nbsp;</TD></TR></TABLE>
  
  
  <P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"></FONT></P>
  
  
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  <P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0"><B>Note 8. Related Party Transactions</B></P>
  
  <P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">On December 15, 2010, the Company issued a non-interest bearing,
  due on demand, promissory note to Mehboob Charania, (former chief executive and principal financial officer) for which it has received
  advances of $173,600 and repaid $0. The related party transaction amounts are reported as current due to the relationship.</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0"><B>Note 9. Advances</B></P>
  
  <P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>
  
  <P STYLE="font: 10pt/12.75pt Times New Roman, Times, Serif; margin: 0">The Company's principal financing source in the last two
  fiscal years had been from its former parent, Terra Inventions. On October 2, 2012, the Company&rsquo;s entire debt to Terra was
  assigned to Frontline Asset Management, Inc. (&ldquo;Frontline&rdquo;). At January 31, 2013 and July 31, 2012, the Company owed
  Terra $0 and $708,602, respectively.</P>
  
  <P STYLE="font: 10pt/12.75pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/12.75pt Times New Roman, Times, Serif; margin: 0">During the six months ended January 31, 2013 and 2012, the
  Company received advances totaling $0 and $54,539 , respectively; and made payments totaling $0 and $22,894 (all in the form of
  reimbursement for one leased employee), respectively. During the three months ended January 31, 2013 and 2012, the Company received
  advances totaling $0 and $18,562, respectively; and made payments totaling $0 and $7,361(all in the form of reimbursement for one
  leased employee), respectively.</P>
  
  <P STYLE="font: 10pt/12.75pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/12.75pt Times New Roman, Times, Serif; margin: 0">As were the terms with Terra, the assigned
  debt remains and any subsequent debt we incur is interest free. No term has been set for repayment and no payment is expected until
  the Company has begun to become a profitable venture.</P>
  
  <P STYLE="font: 10pt/12.75pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0"><B>Note 10. Income Taxes</B></P>
  
  <P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0">At January 31, 2013 and July 31, 2012, the Company has deferred
  tax assets as a result of the net operating losses incurred from inception. The resulting deferred tax assets are reduced by a
  valuation allowance as discussed in Note 1, equal to the deferred tax asset as it is unlikely, based on current circumstances,
  that the Company will ever realize a tax benefit. Deferred tax assets and the corresponding valuation allowances amounted to approximately
  $1.9 million and $1.8 million at January 31, 2013 and July 31, 2012, respectively. The statutory tax rate is 35% and the effective
  tax rate is zero.</P>
  
  <P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0">Under current tax laws, the cumulative operating losses incurred
  amounting to approximately $6.8 million and $6.6 million at January 31, 2013 and July 31, 2012, respectively, will begin to expire
  in 2023.</P>
  
  <P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0">Section 382 of the U.S. Internal Revenue Code imposes an annual
  limitation on loss carry-forwards to offset taxable income when an ownership change occurs. The Company meets the definition of
  an ownership change and some of the net operating loss carry-forwards will be limited.</P>
  
  <P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><A NAME="a_009"></A><B>ITEM 2. Management's Discussion and Analysis of Financial
  Conditions and Results of Operations.</B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><B><I>Forward Looking Statements</I></B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">This quarterly report&nbsp;contains&nbsp;forward-looking&nbsp;statements
  that involve risks and uncertainties.&nbsp; We use words such as anticipate, believe, plan, expect, future, intend and similar
  expressions to identify such forward-looking&nbsp;statements. You should not place too much reliance&nbsp;on these&nbsp;forward-looking&nbsp;statements.&nbsp;
  Our actual results are likely to differ&nbsp;materially from those&nbsp;anticipated in these forward-looking&nbsp;statements&nbsp;for
  many&nbsp; reasons,&nbsp; including the risks faced by us described in this section.</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><B><I>Introduction</I></B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">We were incorporated on July 15, 2002
  under the laws of the State of Nevada. We changed our business in 2008, entering into a license agreement with Terra Inventions
  on April 15, 2008, for the license of the development of their lithium battery technology. We sold our Zingo Telecom, Inc. and
  M/S Zingo Bpo Services Pvt. Ltd. subsidiaries that offered telecommunications services to business and residential customers utilizing
  VoIP technology on May 15, 2008.&nbsp; To reflect our new business, we changed our name from Zingo, Inc. to Superlattice Power,
  Inc. on April 25, 2008 and on April 5, 2011, we merged with our wholly-owned subsidiary, Sky Power Solutions Corp., and in the
  merger the name of the Company was changed to Sky Power Solutions Corp.&nbsp;&nbsp;On December 24, 2012 we merged with our wholly
  owned subsidiary, Clean Enviro Tech Corp. taking that as our new name.</P>
  
  
  
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  <P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">We entered into a license agreement with
  Terra on April 15, 2008, for the license of the technology related to the development of their lithium battery technology. We also
  leased space within Terra&rsquo;s plant and created a chemical lab and manufacturing facility to begin work on the lithium battery
  technology we had licensed.</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><B><I>Results Of Operations for the Six and Three Months
  Ended January 31, 2013</I></B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">We incurred a net loss of $377,346 during
  the six months ended January 31, 2013, which included: general and administrative (G&amp;A) costs of $45,918; research and development
  (R&amp;D) expenses of $2,148; and a loss on extinguishment of debt of $329,280 During the three months ended January 31, 2013,
  the Company incurred a net loss of $352,416 which included: G&amp;A costs of $23,001, R&amp;D expenses of $135 and a loss on extinguishment
  of debt of $329,280.</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><B><I>&nbsp;</I></B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><B><I>2013 Compared to 2012</I></B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">For the six months ended January 31,
  2013 our net loss increased to $377,346 from $56,901 for the same period ending January 31, 2012. The increase was primarily due
  to the loss on extinguishment of debt of $329,280.</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Our net loss for the three months ended
  January 31, 2013 increased to $352,416 from $28,839 for the same period ending January 31, 2012. The increase was primarily due
  to the loss on extinguishment of debt of $329,280.</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><B>Plan of Operations</B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><B><I>Commercial Initiatives</I></B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Currently we have in development a Stand
  Alone Residential Solar Concentrating Electric Power Generation System. Our system has proprietary elements that make it unique,
  with better functionality than other systems. We designed and developed this system as we anticipate that the North American Power
  Grid will not be able to support the recharging of anticipated sales of totally electric vehicles and other electric needs in the
  coming years. We are developing safe rechargeable battery systems for varied applications ranging from portable electronics to
  onboard energy storage in EVs. Lithium ion batteries are rechargeable and composed of cathode, anode, separator and electrolytes.
  In 1990, Sony (Japan) introduced the lithium ion battery&nbsp;and used an expensive cathode material, which was also unsafe. We
  are pioneering a superlattice cathode material for the use in lithium ion rechargeable batteries.</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">The Solar&nbsp;Concentrating Electric
  Power Generation System is an extremely efficient photovoltaic solar power generation unit. This system is&nbsp;<FONT STYLE="background-color: white">able
  to produce in excess of 2 Kilowatts (kw) of electric power with ZERO emissions with Sun Light as the only fuel including built-in
  heat capture to provide hot water to users.</FONT></P>
  
  <P STYLE="font: 8.5pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">The lithium ion batteries that we plan
  to develop are rechargeable batteries composed of cells linked together, each cell created from lithiated cathode powder coated
  on aluminum foil (electrode material that the electron flows out from during charge) and anode powder coated on copper foil (electrode
  material that the electro flows into during charge) with a </P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">separator (polymer material in between anode and cathode)
  in a mixture of electrolytes, which is an ionically conductive medium.</P>
  
  <P STYLE="font: 8.5pt/normal Tahoma, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Our goal is to continually improve our
  proprietary semi-solid synthesis process for the development of lithium ion rechargeable battery technologies to meet the growing
  needs for a less expensive, high-energy density, extended life and fast recharging battery while keeping safety as a priority.</P>
  
  <P STYLE="font: 8.5pt/normal Tahoma, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">We use a proprietary superlattice cathode
  material and its technically advanced synthesis process. Our other technical expertise includes Battery Management Systems (&ldquo;BMS&rdquo;)
  and a high current rate battery charger. A typical battery pack will consist of a number of lithium ion cells and a BMS.</P>
  
  <P STYLE="font: 8.5pt/normal Tahoma, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Our technology development is in the
  initial phase of prototyping and testing. Once a prototype is successfully obtained, we plan to work closely with production specialists
  in the battery industry and material synthesis to lead the battery manufacturing unit along with marketing and sales teams. Our
  primary focus will then simultaneously operate research and development, production and marketing of the new products.</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><B><I>Sources and Availability of Raw Materials</I></B></P>
  
  <P STYLE="font: 8.5pt/normal Tahoma, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">We have used raw materials from several
  manufacturers in the United States, such as Alfa Aesar, Pred Chemicals, TIMCAL and Ferro Corporation. We use different types of
  lithium, manganese, cobalt, nickel and titanium salts, electrolytes, copper and aluminum foil which are available in large scale.</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"></P>
  
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  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><B><I>License Agreement with Terra</I></B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Effective April 15, 2008, we entered
  into a License Agreement with Terra, our former controlling Effective April 15, 2008, we entered into a License Agreement (&ldquo;License
  Agreement&rdquo;) with Terra providing for Terra&rsquo; license to us of Terra patent applications and technologies for rechargeable
  lithium-ion batteries for hybrid vehicles and other applications (&ldquo;Licensed Products&rdquo;).</P>
  
  <P STYLE="font: 12pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Under the License Agreement, Terra has
  the right to purchase its requirements of lithium ion batteries from us, and its requirements of lithium ion batteries shall be
  supplied in preference to, and on a priority basis as compared with, supply and delivery arrangements in effect for our other customers.
  Terra&rsquo; cost for lithium ion batteries purchased from us is our actual manufacturing costs for such batteries for our fiscal
  quarter in which Terra purchase takes place. On May 25, 2010 our agreement was amended to provide that we have exclusive license
  rights for the United States and Terra may grant other companies rights elsewhere around the world.</P>
  
  <P STYLE="font: 8.5pt/normal Tahoma, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">We have agreed to invest a minimum of
  $1,500,000 in each of the first two years under the License Agreement in development of the technology for the Licensed Products.
  In the initial year under the License Agreement, the Company invested approximately $264,043 in the development of technology,
  and therefore is not in compliance with its obligations under this covenant of the license agreement.&nbsp; Terra has advised us
  that it will not give notice of default against us for our failure to comply with this over the term of the License Agreement.
  As of fiscal year ended July 31, 2012; we are still not in compliance under this covenant.</P>
  
  <P STYLE="font: 8.5pt/normal Tahoma, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">On April 16, 2008, we lease approximately
  5,000 square feet of space (&ldquo;Leased Space&rdquo;) in Terra&rsquo; North Carolina facility, such Leased Space was to be suitable
  for, and utilized by us for, our developmental and manufacturing operations for Licensed Products pursuant to the License Agreement,
  that lease was terminated May 31, 2012, when Li-ion closed their facility. The Leased Space, had been leased by Terra to us on
  a month-to-month basis at a monthly rental of $3,038, the monthly rental to be escalated five (5%) percent annually. Effective
  April 16, 2008, Terra also sold us for the purchase price of $29,005, specified equipment and supplies related to the licensed
  field.</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><B><I>Liquidity and Capital Resources</I></B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">As of January 31, 2013, we had cash on
  hand of $0 and liabilities of $558,583 as compared with $1,007,986 at July 31, 2012, and our property plant and equipment decreased
  to $20,416 at January 31, 2013, as compared with $23,964 at July 31, 2012. Accounts payable and accrued expenses increased at January
  31, 2013, to $170,301 as compared with $125,784 at July 31, 2012, and advances and due to related parties were $388,282 at January
  31, 2013, as compared to $882,202 at July 31, 2012.</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">At January 31, 2013, we had a working&nbsp;capital&nbsp;deficiency
  of $558,583 and a stockholders' deficit of $538,167.</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">We used net cash in operating activities
  of $0 in the six months ended January 31, 2013, as compared with $31,562</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">in the comparable period in 2012, and cash flows used in
  investing activities for the purchase of property, plant and equipment was $0 during 2013 and $0 in 2012.</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">During the six months ended January 31,
  2013, we received $0 and repaid $0, to a related party as compared with advances from related parties of $0 and repayments of $0
  in 2012.</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">During the six months ended January 31,
  2013, we received $0 from the proceeds from our promissory note to Terra Corp. and repaid $0 as compared to advances received in
  2012, of $$54,539 and repayment of $22,984.</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Since our&nbsp;incorporation,&nbsp;we
  have financed our&nbsp;operations&nbsp;almost exclusively through advances from our controlling shareholders. We expect to finance
  operations through the sale of equity or other investments for the foreseeable&nbsp;future, as we do not receive&nbsp;significant&nbsp;revenue&nbsp;from
  our new business operations.&nbsp; There&nbsp;is no&nbsp;guarantee&nbsp;that we will be successful&nbsp;in arranging financing
  on acceptable terms.</P>
  
  <P STYLE="font: 8.5pt/normal Tahoma, Helvetica, Sans-Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Our ability to raise additional capital
  is affected by trends and uncertainties&nbsp;beyond our control. We do not currently have any&nbsp;arrangements&nbsp;for financing
  and we may not be able to find such financing if required. Obtaining additional financing would be subject to a number of factors,
  including investor sentiment. Market factors may make the timing, amount, terms or conditions of additional financing unavailable
  to us.</P>
  
  <P STYLE="font: 8.5pt/normal Tahoma, Helvetica, Sans-Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Our auditors are of the opinion that
  our continuation as a going concern is in doubt.&nbsp; Our continuation as a going&nbsp;concern is&nbsp;dependent upon continued
  financial support from our shareholders and other related parties.</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"></P>
  
  
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  <P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><B><I>Critical Accounting Issues</I></B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">The Company's discussion and analysis
  of its financial condition and results of&nbsp;operations are based upon the Company's financial statements, which have been&nbsp;prepared
  in accordance with accounting principles generally accepted in the&nbsp;United States of America. The preparation of the financial
  statements requires&nbsp;the Company to make estimates and judgments that affect the reported amount of&nbsp;assets, liabilities,
  and expenses, and related disclosures of contingent assets&nbsp;and liabilities. On an on-going basis, the Company evaluates its
  estimates,&nbsp;including those related to intangible assets, income taxes and contingencies and&nbsp;litigation. The Company bases
  its estimates on historical experience and on&nbsp;&nbsp;various assumptions that are believed to be reasonable under the circumstances,&nbsp;&nbsp;the
  results of which form the basis for making judgments about carrying values&nbsp;&nbsp;of assets and liabilities that are not readily
  apparent from other sources.&nbsp;&nbsp;Actual results may differ from these estimates under different assumptions or conditions.</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><B><A NAME="a_010"></A>ITEM 3. Quantitative and Qualitative Disclosures About
  Market Risk.</B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Commodity Price Risk &ndash; The raw
  materials for manufacturing our batteries could be affected by changes in the commodities markets, and if we commence manufacturing
  our own lithium ion batteries, we could be subject to this risk.</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><B><A NAME="a_011"></A>ITEM 4T. Controls and Procedures.</B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">The Company's Chief Executive Officer
  and Principal Financial Officer is primarily responsible for the accuracy of the financial information that is presented in this
  Quarterly Report. This officer has, as of the close of the period covered by this Quarterly Report, evaluated the Company's disclosure
  controls and procedures (as defined in Rules 13a-14c and 15d-14c promulgated under the Securities Exchange Act of 1934) and determined
  that such controls and procedures were effective in ensuring that material information relating to the Company was made known to
  him during the period covered by this Quarterly Report. In such officer&rsquo;s evaluation, no changes were made to the Company's
  internal controls in this period that have materially affected, or are reasonably likely materially to affect, the Company&rsquo;s
  internal control over financial reporting.</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><A NAME="a_012"></A><B>PART II. OTHER INFORMATION</B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <HR SIZE="2" NOSHADE ALIGN="CENTER" STYLE="width: 100%; color: black">
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><B><A NAME="a_013"></A>ITEM 6. Exhibits </B></P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: right">&nbsp;</P>
  
  <P STYLE="color: Red; font: 9pt/115% Sans-Serif; margin: 0 0 10pt; text-align: center"><B></B></P>
  
  <TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="background-color: White">
      <TD STYLE="text-align: left; vertical-align: top">31</TD>
      <TD>&nbsp;</TD>
      <TD><A HREF="ex31_302certification.htm">Certification&nbsp;&nbsp;of&nbsp;&nbsp;Chief Executive Officer and Principal&nbsp;&nbsp;Financial Officer Pursuant to Section 302 of the Sarbanes- <BR> Oxley Act of 2002, filed herewith</A>.</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD STYLE="text-align: left; vertical-align: top">&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
      <TD STYLE="text-align: left; vertical-align: top">32</TD>
      <TD>&nbsp;</TD>
      <TD><A HREF="ex32_906certification.htm">Certification of Chief Executive Officer and Principal Financial Officer Pursuant to 18 U.S.C. Section&nbsp;&nbsp;1350,&nbsp;&nbsp;as<BR> Adopted&nbsp;&nbsp;Pursuant&nbsp;&nbsp;to&nbsp;&nbsp;Section&nbsp;&nbsp;906 of the Sarbanes-Oxley Act of 2002, filed herewith</A>.</TD></TR>
  </TABLE>
  
  
  <P STYLE="color: Red; font: 9pt/115% Sans-Serif; margin: 0 0 10pt; text-align: center"><B></B></P>
  
  
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  <P STYLE="font: 12pt Times New Roman, Times, Serif; margin-right: 0; margin-left: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: right">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center">SIGNATURES</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">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.</P>
  
  <P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
  
  <TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 30%; font-size: 10pt">
  <TR STYLE="vertical-align: top">
      <TD STYLE="width: 5%; line-height: 115%; font-family: Times New Roman, Times, Serif">&nbsp;</TD>
      <TD STYLE="width: 2%; line-height: 115%; font-family: Times New Roman, Times, Serif">&nbsp;</TD>
      <TD STYLE="width: 93%; line-height: 115%; font-family: Times New Roman, Times, Serif">CLEAN ENVIRO TECH<FONT STYLE="font: 10pt Times New Roman, Times, Serif">
      CORP.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
      <TD STYLE="line-height: 115%; font-family: Times New Roman, Times, Serif">&nbsp;</TD>
      <TD STYLE="line-height: 115%; font-family: Times New Roman, Times, Serif">&nbsp;</TD>
      <TD STYLE="line-height: 115%; font-family: Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
      <TD STYLE="line-height: 115%; font-family: Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">By:</FONT></TD>
      <TD STYLE="line-height: 115%; font-family: Times New Roman, Times, Serif">&nbsp;</TD>
      <TD STYLE="border-bottom: black 1.5pt solid; line-height: 115%; font-family: Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">/s/ <FONT STYLE="color: black">Liudmilla Voinarovska</FONT></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
      <TD STYLE="line-height: 115%; font-family: Times New Roman, Times, Serif">&nbsp;</TD>
      <TD STYLE="line-height: 115%; font-family: Times New Roman, Times, Serif">&nbsp;</TD>
      <TD STYLE="line-height: 115%; font-family: Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Chief Executive Officer and Principal Financial Officer</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
      <TD STYLE="line-height: 115%; font-family: Times New Roman, Times, Serif">&nbsp;</TD>
      <TD STYLE="line-height: 115%; font-family: Times New Roman, Times, Serif">&nbsp;</TD>
      <TD STYLE="line-height: 115%; font-family: Times New Roman, Times, Serif">&nbsp;</TD></TR>
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      <TD STYLE="line-height: 115%; font-family: Times New Roman, Times, Serif">&nbsp;</TD>
      <TD STYLE="line-height: 115%; font-family: Times New Roman, Times, Serif">&nbsp;</TD>
      <TD STYLE="line-height: 115%; font-family: Times New Roman, Times, Serif"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Date: March 14, 2013</FONT></TD></TR>
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metadata_documents: [{"type": "10-Q", "sequence": "1", "filename": "f10q_cleanenvirotech.htm", "description": "FORM 10-Q CLEAN ENVIRO TECH CORP.", "secsgml_size_bytes": 231283}]
metadata_filer: {"company-data": {"conformed-name": "SKY POWER SOLUTIONS CORP.", "cik": "0001230524", "assigned-sic": "8742", "irs-number": "710915828", "state-of-incorporation": "NV", "fiscal-year-end": "0731"}, "filing-values": {"form-type": "10-Q", "act": "34", "file-number": "000-50693", "film-number": "13696279"}, "business-address": {"street1": "420 N. NELLIS BLVD., SUITE A3-146", "city": "LAS VEGAS", "state": "NV", "zip": "89110", "phone": "702-940-9940"}, "mail-address": {"street1": "420 N. NELLIS BLVD., SUITE A3-146", "city": "LAS VEGAS", "state": "NV", "zip": "89110"}, "former-company": [{"former-conformed-name": "Superlattice Power, Inc.", "date-changed": "20081215"}, {"former-conformed-name": "ZINGO, INC", "date-changed": "20050902"}, {"former-conformed-name": "JAVAKINGCOFFEE INC", "date-changed": "20031022"}]}
text: UNITED
  STATES
  SECURITIES AND EXCHANGE COMMISSION
  Washington, D.C. 20549
  FORM 10-Q
  (Mark One)
  S
  QUARTERLY
          REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
  For the Quarterly Period Ended January 31, 2012
  or
  £
  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
  For the transition period from                                      to
  Commission
  file number 000-50693
  Clean Enviro Tech Corp.
  (Formerly Sky Power Solutions Corp.)
  (Name of Registrant as Specified in Its Charter)
  Nevada
  (State or Other Jurisdiction
  of Incorporation or Organization)
  90-0314205
  (I.R.S. Employer
  Identification No.)
  420 N. Nellis Blvd., Suite A3-146, Las Vegas, Nevada
  (Address of Principal
          Executive Offices)
  89110
  (Zip Code)
  (702) 940-9940
  (Issuer's Telephone Number, Including Area Code)
  Securities registered
  under Section 12(b) of the Exchange Act:
  None
  Securities registered
  under Section 12(g) of the Exchange Act:
  Common Stock, Par value $0.001per share
  Indicate by check mark
  whether the issuer: (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past
  12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject
  to such filing requirements for the past 90 days.  [X] Yes   [ ]  No
  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 (§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). [X] Yes
  [ ] No
  1
  Table of Contents
  Indicate by check mark
  whether the registrant is a large accelerated filer, an accelerated filer, or a smaller reporting company. (Check One):
  Large accelerated filer
  [ ] Accelerated filer [ ] Non-accelerated filer [ ] Smaller reporting company [X]
  (Do not check if a smaller
  reporting company)
  Indicate by check mark
  whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).
  [ ] Yes [X] No
  On March 12, 2013, there
  were 9,838,163 shares of common stock outstanding.
  Page No.
  PART I. FINANCIAL INFORMATION
  ITEM I – Unaudited Financial Statements
  Balance Sheets as of January 31, 2013 and July 31, 2011 (Unaudited)
  4
  Statements of Operations for the Six and Three Months Ended January 31, 2013 and 2012 and for the Period Entering the Development Statge August 1, 2008 Through January 31, 2013 (Unaudited)
  5
  Statements of Cash Flows for the Six Months Ended January 31, 2013 and 2012 and for the Period Entering the Development Statge August 1, 2008 Through January 31, 2013 (Unaudited)
  6
  Statement of Stockholders Deficiency (Unaudited)
  7
  Notes to Unaudited Financial Statements
  8
  ITEM 2 - Management's Discussion and Analysis of Financial Condition and Results of Operations.
  14
  ITEM 3 – Quantitative and Qualitative Disclosures About Market Risk
  17
  ITEM 4T– Controls and Procedures.
  17
  PART II. OTHER INFORMATION
  ITEM 6 - Exhibits
  17
  2
  Table of Contents
  PART I. FINANCIAL INFORMATION
  ITEM 1. Unaudited Financial Statements
  Certain information and footnote disclosures
  required under accounting principles generally accepted in the United States of America have been condensed or omitted from the
  following financial statements pursuant to the rules and regulations of the Securities and Exchange Commission. It is suggested
  that the following financial statements be read in conjunction with the year-end financial statements and notes thereto included
  in the Company's Annual Report on Form 10K for the year ended July 31, 2012. In the opinion of management, all adjustments considered
  necessary for a fair presentation of the results of operations and financial position have been included and all such adjustments
  are of a normal recurring nature.
  The results of operations for the six
  and three months ended January 31, 2013 and 2012, are not necessarily indicative of the results for the entire fiscal year or for
  any other period.
  3
  Table of Contents
  Clean Enviro Tech Corp.
  (Formerly Sky Power Solutions Corp.)
  (A Development Stage Company)
  Balance Sheets
  (unaudited)
  January 31,
  July 31,
  2013
  2012
  Assets
  Property and equipment, net
  20,416
  23,964
  Total assets
  $
  20,416
  $
  23,964
  Liabilities and Stockholders' Deficiency
  Current liabilities:
  Accounts payable and accrued expenses
  $
  170,301
  $
  125,784
  Advances
  214,682
  708,602
  Due to related parties
  173,600
  173,600
  Total current liabilities
  558,583
  1,007,986
  Commitments and contingencies
  Stockholders' deficiency:
  Preferred stock, $.001 par value, 10,000,000 shares authorized, 0 issued and outstanding
  —
  —
  Common stock, $.001 par value, 10,000,000 shares authorized as of January 31, 2013;
  9,838,163 and 1,998,163 issued and outstanding at January 31, 2013 and July 31, 2012,
  respectively.
  9,838
  1,998
  Additional paid-in capital
  6,741,479
  5,926,118
  Accumulated deficit
  (4,604,623
  )
  (4,604,623
  )
  Deficit accumulated during the development stage
  (2,684,861
  )
  (2,307,515
  )
  Stockholders' deficiency
  (538,167
  )
  (984,022
  )
  Total liabilities and stockholders' deficiency
  $
  20,416
  $
  23,964
  See accompanying notes to unaudited financial statements
  4
  Table of Contents
  Clean Enviro Tech Corp.
  (Formerly Sky Power Solutions Corp.)
  (A Development Stage Company)
  Statements of Operations
  (unaudited)
  For the Period Entering
  For the Six Months Ended
  For the Three Months Ended
  the Development Stage
  January 31,
  January 31,
  August 1, 2008
  2013
  2012
  2013
  2012
  - January 31, 2013
  Net sales
  $
  —
  $
  —
  $
  —
  $
  —
  $
  —
  Operating expenses:
  General and administrative
  45,918
  65,973
  23,001
  32,004
  745,571
  Research and development
  2,148
  10,812
  135
  4,096
  451,460
  Loss from operations
  (48,066
  )
  (76,785
  )
  (23,136
  )
  (36,100
  )
  (1,197,031
  )
  Other (expenses)/income
  Interest expense
  —
  —
  —
  —
  (1,233,270
  )
  Loss on disposal of assets
  (26,360
  )
  Loss on extinguishment of debt
  (329,280
  )
  —
  (329,280
  )
  —
  (329,280
  )
  Other income
  —
  19,884
  —
  7,261
  101,080
  Net loss before provision for (benefit from) income taxes
  (377,346
  )
  (56,901
  )
  (352,416
  )
  (28,839
  )
  (2,684,861
  )
  Provision for (benefit from) income taxes
  —
  —
  —
  —
  —
  Net loss
  $
  (377,346
  )
  $
  (56,901
  )
  $
  (352,416
  )
  $
  (28,839
  )
  $
  (2,684,861
  )
  Net loss per common share - basic and diluted
  $
  (0.06
  )
  $
  (0.13
  )
  $
  (0.04
  )
  $
  (0.00
  )
  Weighted average number of common shares outstanding -
  basic and diluted
  5,896,743
  423,146
  9,752,946
  9,752,946
  See accompanying notes to unaudited financial statements
  5
  Table of Contents
  Clean Envrio Tech Corp.
  (Formerly Sky Power Solutions Corp.)
  (A Development Stage Company)
  Statements of Cash Flows
  (unaudited)
  For the Period Entering
  Six Months Ended
  the Development Stage
  January 31,
  August 1, 2008
  2013
  2012
  - January 31, 2013
  CASH FLOWS FROM OPERATING ACTIVITIES:
  Net loss
  $
  (377,346
  )
  $
  (56,901
  )
  $
  (2,684,861
  )
  Adjustments to reconcile net loss to net cash utilized by operating activities
  Depreciation
  3,549
  5,507
  106,865
  Loss on disposal of property and equipment
  —
  —
  26,360
  Loss on extinguishment of debt
  329,280
  —
  329,280
  Increase (decrease) in cash flows from changes in operating assets and liabilities
  Prepaid expenses and other current assets
  —
  975
  —
  Accounts payable and accrued expenses
  44,517
  18,857
  1,366,384
  Net cash used in operating activities
  —
  (31,562
  )
  (855,972
  )
  CASH FLOWS FROM INVESTING ACTIVITIES:
  Additions to property and equipment
  —
  —
  (17,015
  )
  Net cash used in investing activities
  —
  —
  (17,015
  )
  CASH FLOWS FROM FINANCING ACTIVITIES:
  Proceeds from advances
  —
  54,539
  1,573,333
  Advances from related parties
  —
  —
  1,150,743
  Payments on advances
  —
  (22,984
  )
  (752,231
  )
  Payments to related parties
  —
  —
  (1,114,553
  )
  Net cash provided by financing activities
  —
  31,555
  857,292
  CHANGE IN CASH AND CASH EQUIVALENTS
  Net decrease in cash and cash equivalents
  —
  (7
  )
  (15,695
  )
  Cash and cash equivalents at beginning of year
  —
  7
  15,695
  Cash and cash equivalents at end of year
  $
  —
  $
  —
  $
  —
  SUPPLEMENTAL CASH FLOW DISCLOSURES
  Cash paid during the year for:
  Interest
  $
  —
  $
  —
  $
  —
  Income taxes
  $
  —
  $
  —
  $
  —
  SUPPLEMENTAL DISCLOSURE OF NON-CASH FINANCING ACTIVITIES
  Shares issued for related party advances
  $
  493,920
  $
  —
  $
  4,927,778
  Shares issued for accrued interest on paid promissory note
  $
  —
  $
  —
  $
  1,360,341
  See accompanying notes to unaudited financial statements
  6
  Table of Contents
  Clean Enviro Tech Corp.
  (Formerly Sky Power Solutions Corp.)
  (A Development Stage Company)
  Statement of Stockholders' Deficiency
  For the Periods Ended As Noted
  (unaudited)
  Number of
  Common
  Additional paid
  Accumulated
  Deficit Accumulated
  Total
  Common Shares
  Shares $0.001
  in capital
  Deficit
  During the
  Par Value
  Development Stage
  Balance - August 1, 2010
  23,017
  $
  23
  $
  133,895
  $
  (4,604,623
  )
  $
  (1,695,396
  )
  $
  (6,166,101
  )
  Issuance of common stock for related party advances
  400,146
  400
  4,320,957
  —
  —
  4,321,356
  Net Loss
  —
  —
  —
  —
  (474,647
  )
  (474,647
  )
  Balance - July 31, 2011
  423,163
  $
  423
  $
  4,454,852
  $
  (4,604,623
  )
  $
  (2,170,043
  )
  $
  (2,319,391
  )
  Issuance of common stock for related party advances
  75,000
  75
  112,425
  —
  —
  112,500
  Issuance of common stock for accrued interest on note
  1,500,000
  1,500
  1,358,841
  1,360,341
  Net Loss
  —
  —
  —
  —
  (137,472
  )
  (137,472
  )
  Balance - July 31, 2012
  1,998,163
  $
  1,998
  $
  5,926,118
  $
  (4,604,623
  )
  $
  (2,307,515
  )
  $
  (984,022
  )
  Issuance of common stock for related party advances
  7,840,000
  7,840
  815,361
  —
  —
  823,201
  Net Loss
  —
  —
  —
  —
  (377,346
  )
  (377,346
  )
  Balance - January 31, 2013
  9,838,163
  $
  9,838
  $
  6,741,479
  $
  (4,604,623
  )
  $
  (2,684,861
  )
  $
  (538,167
  )
  See accompanying notes to unaudited financial statements
  7
  Table of Contents
  CLEAN ENVIRO TECH CORP.
  (FORMERLY SKY POWER SOLUTIONS CORP.)
  (A DEVELOPMENT STAGE COMPANY)
  NOTES TO UNAUDITED FINANCIAL STATEMENTS
  January 31, 2013
  (unaudited)
  Note 1. Financial Statement Presentation
  Clean Enviro Tech Corp. (formerly Sky Power Solutions Corp.)
  (the "Company" or "Clean") following the merger with the Company's wholly-owned subsidiary on December
  24,2012 (formed for the sole purpose of merging with its parent), continues to work on the further development of the lithium batteries
  technology licensed from Terra Inventions Corp. (formerly Li-ion Motors Corp.) ("Terra"), the Company's former
  parent. Consultants for the Company are continuing work on the solar concentrating electric power generating system working independently.
  As of August 1, 2008, the Company is considered a development
  stage enterprise as defined in the Financial Accounting Standards Board ("FASB") Accounting Standards Codification
  ("ASC") 915, "Development Stage Entities" ("ASC 915").  The Company has limited revenue
  to date, continues to raise capital and there is no assurance that ultimately the Company will achieve a profitable level of operations.
  The summary of significant accounting policies is presented
  to assist in the understanding of the financial statements. The financial statements and notes are the representations of management.
  These accounting policies conform to accounting policies generally accepted in the United States of America and have been consistently
  applied in the preparation of the financial statements.
  History and Nature of Business
  On April 2, 2011, the Company's Board of Directors
  (the "Board") authorized the merger with our wholly-owned subsidiary, Sky Power Solutions Corp., and in the merger
  the name of our Company was changed to Sky Power Solutions Corp.
  On April 15, 2008, Terra sold its controlling interest
  of the Company's outstanding common stock to Blue Diamond Investments, Inc. ("Blue Diamond") With the sale of
  our VoIP telecommunications business, named Zingo Telecom, Inc., on May 15, 2008, the Company intends to concentrate efforts on
  further development of the lithium batteries technology licensed from Terra, the Company's former parent.
  Effective April 15, 2008, the Company entered into
  a License Agreement ("License Agreement") with Terra Inventions providing for Terras' license to the Company of Terras'
  patent applications and technologies for rechargeable lithium-ion batteries for hybrid vehicles and other applications ("Licensed
  Products").
  Under the License Agreement, Terra has the right
  to purchase its requirements of lithium ion batteries from the Company, and its requirements of lithium ion batteries shall be
  supplied in preference to, and on a priority basis as compared with, supply and delivery arrangements in effect for our other customers.
  Terras' cost for lithium ion batteries purchased from the Company is the actual manufacturing costs for such batteries for our
  fiscal quarter in which Terras' purchase takes place.
  On May 25, 2010, the agreement was amended to grant
  the Company the exclusive license rights for the United States and Terra may grant other companies rights elsewhere around the
  world.
  Under the terms of the License Agreement, the Company
  agreed to invest a minimum of $1,500,000 in each of the first two years under the License Agreement in development of the technology
  for the Licensed Products. To date, we have not met the minimum requirements in the development of the technology, and therefore,
  are not compliant with our obligations under this covenant of the License Agreement. Terra has advised the Company that it will
  not give notice of default against the Company for its failure to comply with this covenant over the term of the License Agreement.
  Effective April 16, 2008, the Company agreed to lease
  approximately 5,000 square feet of space in Terra's' North Carolina facility. The leased space was suitable, and utilized
  by the Company, for developmental and manufacturing operations for licensed products pursuant to the license agreement. The lease
  was terminated May 2012. Also, effective April 16, 2008, the Company purchased certain equipment and supplies related to the license
  agreement from Terra for the purchase price of $29,005.
  8
  Table of Contents
  Basis of Presentation
  Going Concern
  The Company's financial statements for the period ended
  January 31, 2013, have been prepared on a going concern basis which contemplates the realization of assets and settlement of liabilities
  and commitments in the normal course of business. The Company did not have any revenue and as of January 31, 2013, there was a
  working capital deficit of approximately $1 million. Management recognized that the Company's continued existence is dependent
  upon its ability to obtain needed working capital through additional equity and/or debt financing and revenue to cover expenses
  as the Company continues to incur losses.
  Since its incorporation, the Company financed its operations
  almost exclusively through advances from its controlling shareholders. The Company expects to finance operations through the sale
  of equity or other investments for the foreseeable future, as the Company does not receive significant revenue from its new business
  operations. There is no guarantee that the Company will be successful in arranging financing on acceptable terms.
  The Company's ability to raise additional capital is affected
  by trends and uncertainties beyond its control. The Company does not currently have any arrangements for financing and it may not
  be able to find such financing if required. Obtaining additional financing would be subject to a number of factors, including investor
  sentiment. Market factors may make the timing, amount, terms or conditions of additional financing unavailable to it. These uncertainties
  raise substantial doubt about the ability of the Company to continue as a going concern. The accompanying financial statements
  do not include any adjustments that might result from the outcome of these uncertainties.
  Common Stock
  On September 17, 2009, the Board declared a three-for-one
  forward stock split that was affected in the form of a stock dividend.
  Effective April 26, 2011, the Company filed with
  SOSN a Certificate of Change that affected a one-for-three hundred reverse split in our outstanding common stock and a reduction
  of our authorized common stock in the same one-for-three hundred, from 750,000,000 shares to 2,500,000 shares.
  On June 6, 2011, the Board approved the filing of
  a Certificate of Amendment with the Secretary of State of Nevada ("SOSN") which gave the Company the authority to issue
  100 million shares of common stock and 10 million shares of preferred stock.
  On May 4, 2011, debt to Blue Diamond and its assignees
  in the amount of $4,321,358 was converted into 20,007,309 shares of the Company's common stock.
  On April 26, 2012, debt to Terra was assigned to
  Frontline Asset Management ("Frontline") and Windsor Capital ("Windsor") in the amount of $112,500 which
  was converted into 3,750,000 shares of the Company's common stock.
  On June 11, 2012, accrued interest to Blue Diamond
  was assigned to various corporations in the amount of $1,360,341. Those assignees converted the debt into 75,000,000 shares of
  the Company's common Stock.
  On November 1, 2012, debt to Frontline was assigned
  to Kisumu S.A. in the amount of $493,920 which was converted into 7,840,000 shares of the Company's common stock.
  Effective January 18, 2013 as approved by the Financial
  Industry Regulatory Authority ("FINRA"), the Company's Certificate of Change filed with SOSN affected a one-for-fifty
  reverse split in the Company's outstanding common stock and a reduction of our authorized common stock in the same one-for-fifty
  ratio, from 100,000,000 shares to 10,000,000 shares.
  All common stock references have been restated to
  reflect the stock splits. See Note 6 "Common Stock", for further discussion.
  Note 2. Summary of Significant Accounting Policies
  The Company's significant accounting policies
  are summarized in Note 2 of the Company's Annual Report on Form 10-K for the year ended July 31, 2012. There were no significant
  changes to these accounting policies during the six months ended January 31, 2013, and the Company does not expect that the adoption
  of other recent accounting pronouncements will have a material impact on its financial statements.
  9
  Table of Contents
  Note 3. Fair Value Measurements
  The Company utilizes the accounting guidance for fair
  value measurements and disclosures for all financial assets and liabilities and nonfinancial assets and liabilities that are recognized
  or disclosed at fair value in the condensed financial statements on a recurring basis or on a nonrecurring basis during the reporting
  period. The fair value is an exit price, representing the price that would be received to sell an asset or paid to transfer a liability
  in an orderly transaction between market participants based upon the best use of the asset or liability at the measurement date.
  The Company utilizes market data or assumptions that market participants would use in pricing the asset or liability. The accounting
  guidance establishes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. These tiers
  are defined as follows:
  Level 1
  - Observable inputs such as quoted market
  prices in active markets
  Level 2
  - Inputs other than quoted prices in
  active markets that are either directly or indirectly observable
  Level 3
  - Unobservable inputs about which little or
  no market data exists, therefore requiring an entity to develop its own assumptions.
  As of January 31, 2013, the Company held certain financial
  assets that are measured at fair value on a recurring basis. These consisted of cash and cash equivalents. The fair values of the
  cash and cash equivalents is determined based on quoted market prices in public markets and is categorized as Level 1. The Company
  does not have any financial assets measured at fair value on a recurring basis as Level 3 and there were no transfers in or out
  of Level 1, Level 2 or Level 3 during the six months ended January 31, 2013, and 2012.
  The following table sets forth by level, within the
  fair value hierarchy, the Company's financial assets accounted for at fair value on a recurring basis as of January 31,
  2013, and July 31, 2012.
  Assets at Fair Value Using
  Quoted Prices in
  Activated Markets for Identical Assets
  Significant Other
  Observable Inputs
  Significant Observable
  Inputs
  Total
  (Level 1)
  (Level 2)
  (Level 2)
  January 31, 2013
  Cash and cash equivalents
  $
  —
  $
  —
  $
  —
  $
  —
  July 31, 2012
  Cash and cash equivalents
  $
  —
  $
  —
  $
  —
  $
  —
  The Company has other financial instruments, such as
  receivables, accounts payable and other liabilities which have been excluded from the tables above. Due to the short-term nature
  of these instruments, the carrying value of receivables, accounts payable and other liabilities approximate their fair values.
  The Company did not have any other financial instruments with the scope of the fair value disclosure requirements as of January
  31, 2013.
  Non-financial assets and liabilities, such as goodwill
  and long-lived assets, are accounted for at fair value on a nonrecurring basis. These items are tested for impairment on the occurrence
  of a triggering event or in the case of goodwill, on at least an annual basis. Management reviews long-lived assets for potential
  impairment whenever significant events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable.
  An impairment exists when the carrying amount of the long-lived asset is not recoverable and exceeds its fair value. The carrying
  amount of a long-lived asset is not recoverable if it exceeds the sum of the estimated undiscounted cash flows expected to result
  from the use and eventual depletion of the asset. If an impairment exists, the resulting write-down would be the difference between
  the fair market value of the long-lived asset and the related net book value.
  As of the balance sheet date, the carrying value of its long-lived assets are recoverable and no impairment existed.
  10
  Table of Contents
  Note 4. Property and Equipment
  Property and equipment consists of:
  January 31, 2013
  July 31, 2012
  Equipment
  $
  131,455
  $
  131,455
  Property and equipment
  131,455
  131,455
  Less: Accumulated depreciation
  (111,039
  )
  (107,491
  )
  Property and equipment, net
  $
  20,416
  $
  23,964
  Depreciation expense for the six months ended January 31, 2013
  and 2012, was $3,549 and $5,507, respectively. For the three months ended January 31, 2013 and 2012, depreciation expense was $2,484
  and $2,484, respectively and is included in selling, general and administrative expenses on the Company's statement of operations.
  Note 5. Accounts Payable and Accrued Expenses
  Accounts payable and accrued expenses consisted of:
  January 31, 2013
  July 31, 2012
  Accounts payable
  $
  161,531
  $
  110,856
  Wages, paid leave and payroll related taxes
  7,520
  7,520
  Other accrued expenses
  1,250
  7,408
  Total
  $
  170,301
  $
  125,784
  Note 6. Common Stock
  Effective January 18, 2013, the Company filed with SOSN
  a Certificate of Change that affected a 1:50 reverse split in the Company's outstanding common stock and a reduction of our
  authorized common stock in the same 1:50 ratio, from 100,000,000 shares to 10,000,000 shares.
  On November 1, 2012, Frontline assigned $61,740 of its debt
  to Brothers Capital Corp. ("Brothers") and Brothers converted the assigned note for 49,000,000 shares of Common Stock
  at a discounted price of $0.00126 per share.
  On November 1, 2012, Frontline assigned $61,740 of its debt
  to Reliable Investments Corp. ("Reliable") and Reliable converted the assigned note for 49,000,000 shares of Common
  Stock at a discounted price $0.00126 per share.
  On November 1, 2012, Frontline assigned $61,740 of its debt
  to Platinum Capital Holdings Corp. ("Platinum") and Platinum converted the assigned note for 49,000,000 shares of Common
  Stock at a discounted price $0.00126 per share.
  On November 1, 2012, Frontline assigned $61,740 of its debt
  to Wazalmin and Wazalmin converted the assigned note for 49,000,000 shares of Common Stock at a discounted price $0.00126 per share.
  On November 1, 2012, Frontline assigned $61,740 of its debt
  to Nexium Financial Inc. ("Nexium") and Nexium converted the assigned note for 49,000,000 shares of Common Stock at
  a discounted price $0.00126 per share.
  On November 1, 2012, Frontline assigned $61,740 of its debt
  to Artic Orchards Ltd. ("Artic") and Artic converted the assigned note for 49,000,000 shares of Common Stock at a discounted
  price $0.00126 per share.
  On November 1, 2012, Frontline assigned $61,740 of its debt
  to SSR Investments Corp. ("SSR") and SSR converted the assigned note for 49,000,000 shares of Common Stock at a discounted
  price $0.00126 per share.
  On November 1, 2012, Frontline assigned $30,870 of its debt
  to ALG Financial, LLC ("ALG") and ALG converted the assigned note for 24,500,000 shares of Common Stock at a discounted
  price $0.00126 per share.
  11
  Table of Contents
  On November 1, 2012, Frontline assigned $30,870 of its debt
  to Kisumu, S.A. ("Kisumu") and Kisumu converted the assigned note for 24,500,000 shares of Common Stock at a discounted
  price $0.00126 per share.
  On June 11, 2012, Blue Diamond assigned $86,155 of its debt
  to Eurolink Corporation ("Eurolink") and Eurolink converted the assigned note for 4,750,000 shares of Common Stock
  at $0.0181379 per share.
  On June 11, 2012, Blue Diamond assigned $86,155
  of its debt to Heritage Asset Management, Inc. ("Heritage") and Heritage converted the assigned note for 4,750,000
  shares of Common Stock at $0.0181379 per share.
  On June 11, 2012, Blue Diamond assigned $86,155 of its debt
  to Kisumu S.A. ("Kisumu") and Kisumu converted the assigned note for 4,750,000 shares of Common Stock at $0.0181379
  per share.
  On June 11, 2012, Blue Diamond assigned $172,310 of
  its debt to Starglow Asset, Inc. ("Starglow") and Starglow converted the assigned note for 9,500,000 shares of Common
  Stock at $0.0181379 per share.
  On June 11, 2012, Blue Diamond assigned $624,850
  of its debt to Domino Developments, Inc. ("Domino") and Domino converted the assigned note for 34,450,000 shares of
  Common Stock at $0.0181379 per share.
  On June 11, 2012, Blue Diamond assigned $170,496 of
  its debt to Honeycomb Developments, LLC ("Honeycomb") and Honeycomb converted the assigned note for 9,400,000 shares
  of Common Stock at $0.0181379 per share.
  On June 11, 2012, Blue Diamond assigned $134,220 of
  its debt to Legend International, LLC ("Legend") and Legend converted the assigned note for 7,400,000 shares of Common
  Stock at $0.0181379 per share.
  On April 26, 2012, Terra assigned $112,500 of its debt to
  Frontline and Frontline assigned $63,000 of the assigned note to Windsor. Frontline converted the balance of the assigned note
  for 1,650,000 shares of Common Stock at $0.03 per share. Windsor converted the assigned note for 2,100,000 shares of Common Stock
  at $0.03 per share.
  On June 6, 2011, the Company filed a Certificate of Amendment
  with the Secretary of State of Nevada ("SOSN") which gave the Company the authority to issue 100 million shares of
  common stock and 10 million shares of preferred stock
  On May 4, 2011, Blue Diamond assigned $216,000 of its debt
  to Eurolink Corporation ("Eurolink") and Eurolink converted the assigned note for 1,000,000 shares of Common Stock
  at $0.216 per share.
  On May 4, 2011, Blue Diamond assigned $216,000 of its debt
  to Heritage Asset Management, Inc. ("Heritage") and Heritage converted the assigned note for 1,000,000 shares of Common
  Stock at $0.216 per share.
  On May 4, 2011, Blue Diamond assigned $216,000 of its debt
  to Kisumu S.A. ("Kisumu") and Kisumu converted the assigned note for 1,000,000 shares of Common Stock at $0.216 per
  share.
  On May 4, 2011, Blue Diamond assigned $216,000 of its debt
  to Starglow Asset, Inc. ("Starglow") and Starglow converted the assigned note for 1,000,000 shares of Common Stock
  at $0.216 per share.
  On May 4, 2011, Blue Diamond assigned $453,600 of its debt
  to Domino Developments, Inc. ("Domino") and Domino converted the assigned note for 2,100,000 shares of Common Stock
  at $0.216 per share.
  On May 4, 2011, Blue Diamond assigned $453,600 of its debt
  to Honeycomb Developments, LLC ("Honeycomb") and Honeycomb converted the assigned note for 2,100,000 shares of Common
  Stock at $0.216 per share.
  On May 4, 2011, Blue Diamond assigned $453,600 of its debt
  to Legend International, LLC ("Legend") and Legend converted the assigned note for 2,100,000 shares of Common Stock
  at $0.216 per share.
  On May 4, 2011, Blue Diamond converted the principal balance
  of its note of $2,049,037.52 for 9,486,285 shares of Common Stock at $0.216 per share.
  Effective April 26, 2011, the Company filed with SOSN a
  Certificate of Change that affected a 1:300 reverse split in the Company's outstanding common stock and a reduction of our
  authorized common stock in the same 1:300 ratio, from 750,000,000 shares to 2,500,000 shares.
  12
  Table of Contents
  On April 25, 2011, the Board approved the conversion of
  $47,520 of debt due to Blue Diamond Investments for 220,000 shares of our common stock at $0.216 per share.
  Conversion price was equal to fair market value of common
  share on the date of conversion, except for the conversion of shares on November 1, 2012, which were converted below fair value.
  For the six months ended January 31, 2013, the Company recorded a loss on extinguishment of debt in the amount of $329,280 in connection
  with the conversion.
  On September 17, 2009, the Company's Board of Directors
  declared a three-for-one forward stock split of the Company's common stock that was effected in the form of a stock dividend.
  A three-for-one forward split in our common stock was effective October 19, 2009. The Certificate of Change filed with the Nevada
  Secretary of State on September 18, 2009, providing for the forward split, changed the number of shares of our outstanding common
  stock from 115,000,000 to 345,000,000, and the number of shares of our authorized common stock increased in the same ratio, from
  250,000,000 to 750,000,000.
  Effective April 26, 2011, the Company filed with SOSN a
  Certificate of Change that affected a 1:300 reverse split in the Company's outstanding common stock and a reduction of our
  authorized common stock in the same 1:300 ratio, from 750,000,000 shares to 2,500,000 shares.
  See Note 7 "Net Loss Per Common Share," for
  the impact on the Company's loss per share amounts as a result of the 2011 reverse stock split. This reverse stock split
  on January 18, 2013, resulted in the reduction of approximately 97,909,000 shares of common stock and was accounted for by the
  transfer of $97,909 from common stock to additional paid-in-capital which is the amount equal to the par value of the reduction
  of shares to affect the reverse stock split.
  Note 7. Net Loss Per Common Share
  Loss per share is computed based on the weighted average number
  of shares outstanding during the year. Diluted loss per common share is computed by dividing net loss by the weighted average number
  of common shares and potential common shares during the specified periods. The Company has no outstanding options, warrants or
  other convertible instruments that could affect the calculated number of shares.
  The following table sets forth the reconciliation of the basic
  and diluted net loss per common share computations for the six months ended January 31, 2013 and 2012.
  Six Months Ended
  Six Months Ended
  January 31, 2013
  January 31, 2012
  Income
  Shares
  Per-Share
  Income
  Shares
  Per-Share
  (Numerator)
  (Denominator)
  Amount
  (Numerator)
  (Denominator)
  Amount
  Net (loss)
  $
  (377,346
  )
  $
  (56,901
  )
  Basic loss per common share
  (377,346
  )
  9,752,946
  (0.04
  )
  (56,901
  )
  423,146
  (0.13
  )
  Effect of dilutive securities
  —
  —
  Diluted loss per common share
  $
  (377,346
  )
  9,752,946
  (0.04
  )
  $
  (56,901
  )
  423,146
  (0.13
  )
  Net loss per common share for the six and three months ended
  January 31, 2012, has been revised. All share and per share amounts have been restated to reflect the one-for-fifty reverse
  stock split as discussed in Note 6.
  The amounts previously reported for the six and three
  months ended January 31, 2012, were as follows:
  Six Months Ended
  Three Months Ended
  January 31, 2012
  January 31, 2012
  Basic and Diluted Loss Per Common Share
  $
  (0.00
  )
  $
  (0.00
  )
  Weighted Average Number of Shares
  Outstanding -Basic and Diluted
  21,157,316
  21,157,316
  13
  Table of Contents
  Note 8. Related Party Transactions
  On December 15, 2010, the Company issued a non-interest bearing,
  due on demand, promissory note to Mehboob Charania, (former chief executive and principal financial officer) for which it has received
  advances of $173,600 and repaid $0. The related party transaction amounts are reported as current due to the relationship.
  Note 9. Advances
  The Company's principal financing source in the last two
  fiscal years had been from its former parent, Terra Inventions. On October 2, 2012, the Company's entire debt to Terra was
  assigned to Frontline Asset Management, Inc. ("Frontline"). At January 31, 2013 and July 31, 2012, the Company owed
  Terra $0 and $708,602, respectively.
  During the six months ended January 31, 2013 and 2012, the
  Company received advances totaling $0 and $54,539 , respectively; and made payments totaling $0 and $22,894 (all in the form of
  reimbursement for one leased employee), respectively. During the three months ended January 31, 2013 and 2012, the Company received
  advances totaling $0 and $18,562, respectively; and made payments totaling $0 and $7,361(all in the form of reimbursement for one
  leased employee), respectively.
  As were the terms with Terra, the assigned
  debt remains and any subsequent debt we incur is interest free. No term has been set for repayment and no payment is expected until
  the Company has begun to become a profitable venture.
  Note 10. Income Taxes
  At January 31, 2013 and July 31, 2012, the Company has deferred
  tax assets as a result of the net operating losses incurred from inception. The resulting deferred tax assets are reduced by a
  valuation allowance as discussed in Note 1, equal to the deferred tax asset as it is unlikely, based on current circumstances,
  that the Company will ever realize a tax benefit. Deferred tax assets and the corresponding valuation allowances amounted to approximately
  $1.9 million and $1.8 million at January 31, 2013 and July 31, 2012, respectively. The statutory tax rate is 35% and the effective
  tax rate is zero.
  Under current tax laws, the cumulative operating losses incurred
  amounting to approximately $6.8 million and $6.6 million at January 31, 2013 and July 31, 2012, respectively, will begin to expire
  in 2023.
  Section 382 of the U.S. Internal Revenue Code imposes an annual
  limitation on loss carry-forwards to offset taxable income when an ownership change occurs. The Company meets the definition of
  an ownership change and some of the net operating loss carry-forwards will be limited.
  ITEM 2. Management's Discussion and Analysis of Financial
  Conditions and Results of Operations.
  Forward Looking Statements
  This quarterly report contains forward-looking statements
  that involve risks and uncertainties.  We use words such as anticipate, believe, plan, expect, future, intend and similar
  expressions to identify such forward-looking statements. You should not place too much reliance on these forward-looking statements. 
  Our actual results are likely to differ materially from those anticipated in these forward-looking statements for
  many  reasons,  including the risks faced by us described in this section.
  Introduction
  We were incorporated on July 15, 2002
  under the laws of the State of Nevada. We changed our business in 2008, entering into a license agreement with Terra Inventions
  on April 15, 2008, for the license of the development of their lithium battery technology. We sold our Zingo Telecom, Inc. and
  M/S Zingo Bpo Services Pvt. Ltd. subsidiaries that offered telecommunications services to business and residential customers utilizing
  VoIP technology on May 15, 2008.  To reflect our new business, we changed our name from Zingo, Inc. to Superlattice Power,
  Inc. on April 25, 2008 and on April 5, 2011, we merged with our wholly-owned subsidiary, Sky Power Solutions Corp., and in the
  merger the name of the Company was changed to Sky Power Solutions Corp.  On December 24, 2012 we merged with our wholly
  owned subsidiary, Clean Enviro Tech Corp. taking that as our new name.
  14
  Table of Contents
  We entered into a license agreement with
  Terra on April 15, 2008, for the license of the technology related to the development of their lithium battery technology. We also
  leased space within Terra's plant and created a chemical lab and manufacturing facility to begin work on the lithium battery
  technology we had licensed.
  Results Of Operations for the Six and Three Months
  Ended January 31, 2013
  We incurred a net loss of $377,346 during
  the six months ended January 31, 2013, which included: general and administrative (G&A) costs of $45,918; research and development
  (R&D) expenses of $2,148; and a loss on extinguishment of debt of $329,280 During the three months ended January 31, 2013,
  the Company incurred a net loss of $352,416 which included: G&A costs of $23,001, R&D expenses of $135 and a loss on extinguishment
  of debt of $329,280.
  2013 Compared to 2012
  For the six months ended January 31,
  2013 our net loss increased to $377,346 from $56,901 for the same period ending January 31, 2012. The increase was primarily due
  to the loss on extinguishment of debt of $329,280.
  Our net loss for the three months ended
  January 31, 2013 increased to $352,416 from $28,839 for the same period ending January 31, 2012. The increase was primarily due
  to the loss on extinguishment of debt of $329,280.
  Plan of Operations
  Commercial Initiatives
  Currently we have in development a Stand
  Alone Residential Solar Concentrating Electric Power Generation System. Our system has proprietary elements that make it unique,
  with better functionality than other systems. We designed and developed this system as we anticipate that the North American Power
  Grid will not be able to support the recharging of anticipated sales of totally electric vehicles and other electric needs in the
  coming years. We are developing safe rechargeable battery systems for varied applications ranging from portable electronics to
  onboard energy storage in EVs. Lithium ion batteries are rechargeable and composed of cathode, anode, separator and electrolytes.
  In 1990, Sony (Japan) introduced the lithium ion battery and used an expensive cathode material, which was also unsafe. We
  are pioneering a superlattice cathode material for the use in lithium ion rechargeable batteries.
  The Solar Concentrating Electric
  Power Generation System is an extremely efficient photovoltaic solar power generation unit. This system is
  able
  to produce in excess of 2 Kilowatts (kw) of electric power with ZERO emissions with Sun Light as the only fuel including built-in
  heat capture to provide hot water to users.
  The lithium ion batteries that we plan
  to develop are rechargeable batteries composed of cells linked together, each cell created from lithiated cathode powder coated
  on aluminum foil (electrode material that the electron flows out from during charge) and anode powder coated on copper foil (electrode
  material that the electro flows into during charge) with a
  separator (polymer material in between anode and cathode)
  in a mixture of electrolytes, which is an ionically conductive medium.
  Our goal is to continually improve our
  proprietary semi-solid synthesis process for the development of lithium ion rechargeable battery technologies to meet the growing
  needs for a less expensive, high-energy density, extended life and fast recharging battery while keeping safety as a priority.
  We use a proprietary superlattice cathode
  material and its technically advanced synthesis process. Our other technical expertise includes Battery Management Systems ("BMS")
  and a high current rate battery charger. A typical battery pack will consist of a number of lithium ion cells and a BMS.
  Our technology development is in the
  initial phase of prototyping and testing. Once a prototype is successfully obtained, we plan to work closely with production specialists
  in the battery industry and material synthesis to lead the battery manufacturing unit along with marketing and sales teams. Our
  primary focus will then simultaneously operate research and development, production and marketing of the new products.
  Sources and Availability of Raw Materials
  We have used raw materials from several
  manufacturers in the United States, such as Alfa Aesar, Pred Chemicals, TIMCAL and Ferro Corporation. We use different types of
  lithium, manganese, cobalt, nickel and titanium salts, electrolytes, copper and aluminum foil which are available in large scale.
  15
  Table of Contents
  License Agreement with Terra
  Effective April 15, 2008, we entered
  into a License Agreement with Terra, our former controlling Effective April 15, 2008, we entered into a License Agreement ("License
  Agreement") with Terra providing for Terra' license to us of Terra patent applications and technologies for rechargeable
  lithium-ion batteries for hybrid vehicles and other applications ("Licensed Products").
  Under the License Agreement, Terra has
  the right to purchase its requirements of lithium ion batteries from us, and its requirements of lithium ion batteries shall be
  supplied in preference to, and on a priority basis as compared with, supply and delivery arrangements in effect for our other customers.
  Terra' cost for lithium ion batteries purchased from us is our actual manufacturing costs for such batteries for our fiscal
  quarter in which Terra purchase takes place. On May 25, 2010 our agreement was amended to provide that we have exclusive license
  rights for the United States and Terra may grant other companies rights elsewhere around the world.
  We have agreed to invest a minimum of
  $1,500,000 in each of the first two years under the License Agreement in development of the technology for the Licensed Products.
  In the initial year under the License Agreement, the Company invested approximately $264,043 in the development of technology,
  and therefore is not in compliance with its obligations under this covenant of the license agreement.  Terra has advised us
  that it will not give notice of default against us for our failure to comply with this over the term of the License Agreement.
  As of fiscal year ended July 31, 2012; we are still not in compliance under this covenant.
  On April 16, 2008, we lease approximately
  5,000 square feet of space ("Leased Space") in Terra' North Carolina facility, such Leased Space was to be suitable
  for, and utilized by us for, our developmental and manufacturing operations for Licensed Products pursuant to the License Agreement,
  that lease was terminated May 31, 2012, when Li-ion closed their facility. The Leased Space, had been leased by Terra to us on
  a month-to-month basis at a monthly rental of $3,038, the monthly rental to be escalated five (5%) percent annually. Effective
  April 16, 2008, Terra also sold us for the purchase price of $29,005, specified equipment and supplies related to the licensed
  field.
  Liquidity and Capital Resources
  As of January 31, 2013, we had cash on
  hand of $0 and liabilities of $558,583 as compared with $1,007,986 at July 31, 2012, and our property plant and equipment decreased
  to $20,416 at January 31, 2013, as compared with $23,964 at July 31, 2012. Accounts payable and accrued expenses increased at January
  31, 2013, to $170,301 as compared with $125,784 at July 31, 2012, and advances and due to related parties were $388,282 at January
  31, 2013, as compared to $882,202 at July 31, 2012.
  At January 31, 2013, we had a working capital deficiency
  of $558,583 and a stockholders' deficit of $538,167.
  We used net cash in operating activities
  of $0 in the six months ended January 31, 2013, as compared with $31,562
  in the comparable period in 2012, and cash flows used in
  investing activities for the purchase of property, plant and equipment was $0 during 2013 and $0 in 2012.
  During the six months ended January 31,
  2013, we received $0 and repaid $0, to a related party as compared with advances from related parties of $0 and repayments of $0
  in 2012.
  During the six months ended January 31,
  2013, we received $0 from the proceeds from our promissory note to Terra Corp. and repaid $0 as compared to advances received in
  2012, of $$54,539 and repayment of $22,984.
  Since our incorporation, we
  have financed our operations almost exclusively through advances from our controlling shareholders. We expect to finance
  operations through the sale of equity or other investments for the foreseeable future, as we do not receive significant revenue from
  our new business operations.  There is no guarantee that we will be successful in arranging financing
  on acceptable terms.
  Our ability to raise additional capital
  is affected by trends and uncertainties beyond our control. We do not currently have any arrangements for financing
  and we may not be able to find such financing if required. Obtaining additional financing would be subject to a number of factors,
  including investor sentiment. Market factors may make the timing, amount, terms or conditions of additional financing unavailable
  to us.
  Our auditors are of the opinion that
  our continuation as a going concern is in doubt.  Our continuation as a going concern is dependent upon continued
  financial support from our shareholders and other related parties.
  16
  Table of Contents
  Critical Accounting Issues
  The Company's discussion and analysis
  of its financial condition and results of operations are based upon the Company's financial statements, which have been prepared
  in accordance with accounting principles generally accepted in the United States of America. The preparation of the financial
  statements requires the Company to make estimates and judgments that affect the reported amount of assets, liabilities,
  and expenses, and related disclosures of contingent assets and liabilities. On an on-going basis, the Company evaluates its
  estimates, including those related to intangible assets, income taxes and contingencies and litigation. The Company bases
  its estimates on historical experience and on  various assumptions that are believed to be reasonable under the circumstances,  the
  results of which form the basis for making judgments about carrying values  of assets and liabilities that are not readily
  apparent from other sources.  Actual results may differ from these estimates under different assumptions or conditions.
  ITEM 3. Quantitative and Qualitative Disclosures About
  Market Risk.
  Commodity Price Risk – The raw
  materials for manufacturing our batteries could be affected by changes in the commodities markets, and if we commence manufacturing
  our own lithium ion batteries, we could be subject to this risk.
  ITEM 4T. Controls and Procedures.
  The Company's Chief Executive Officer
  and Principal Financial Officer is primarily responsible for the accuracy of the financial information that is presented in this
  Quarterly Report. This officer has, as of the close of the period covered by this Quarterly Report, evaluated the Company's disclosure
  controls and procedures (as defined in Rules 13a-14c and 15d-14c promulgated under the Securities Exchange Act of 1934) and determined
  that such controls and procedures were effective in ensuring that material information relating to the Company was made known to
  him during the period covered by this Quarterly Report. In such officer's evaluation, no changes were made to the Company's
  internal controls in this period that have materially affected, or are reasonably likely materially to affect, the Company's
  internal control over financial reporting.
  PART II. OTHER INFORMATION
  ITEM 6. Exhibits
  31
  Certification  of  Chief Executive Officer and Principal  Financial Officer Pursuant to Section 302 of the Sarbanes-
  Oxley Act of 2002, filed herewith
  .
  32
  Certification of Chief Executive Officer and Principal Financial Officer Pursuant to 18 U.S.C. Section  1350,  as
  Adopted  Pursuant  to  Section  906 of the Sarbanes-Oxley Act of 2002, filed herewith
  .
  17
  Table of Contents
  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.
  CLEAN ENVIRO TECH
  CORP.
  By:
  /s/
  Liudmilla Voinarovska
  Chief Executive Officer and Principal Financial Officer
  Date: March 14, 2013
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