10-K/A

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

Form 10-K/A
Amendment No. 1

(Mark One)

[X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended: September 30, 2013

or

[   ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ______________ to ________________

Commission file number: 333-178208

OLIE INC.
(Exact name of Registrant as specified in its charter)

Delaware	33-1220056
(State or other jurisdiction of incorporation or	(I.R.S. Employer Identification No.)
organization)
300 Jameson House
838 West Hastings Street
Vancouver B.C.	V6C 0A6
(Address of principal executive offices)	(Zip Code)

+1 604 669 9000
(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:

N/A	N/A
Title of each class	Name of each exchange on which registered

Securities registered pursuant to Section 12(g) of the Act:

Shares of Common Stock, $0.00001 par value
Title of Class

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

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

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

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

Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

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

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

The aggregate market value of the voting and non-voting common equity held by non-affiliates of the registrant was approximately $188,000 based upon the price of our common stock as of December 2, 2013, of $0.0008. Shares of common stock held by each officer and director and by each person or group who owns 10% or more of than outstanding common stock amounting to 2,000,000,000 shares have been excluded in that such persons or groups may be deemed to be affiliates. This determination of affiliate status is not necessarily a conclusive determination for other purposes.

As of December 2, 2013, there were 2,264,500,000 shares of common stock issued and outstanding.

DOCUMENTS INCORPORATED BY REFERENCE

Exhibits incorporated by reference are referred to in Part IV.

EXPLANATORY NOTE

This Amendment No. 1 to the Annual Report on Form 10-K/A (the “Amendment”) amends the Annual Report on Form 10-K of Olie Inc. (the “Company”) for the year ended September 30, 2013 (the “Original Filing”), that was originally filed with the U.S. Securities and Exchange Commission on January 14, 2014. The Amendment is being filed to submit Exhibit 99.1, 99.2, 99.3 and 99.4. The Amendment revises the exhibit index included in Part IV, Item 15 of the Original Filing. In addition, the Amendment revises certain disclosures related to the Company’s Audit Committee.

Except as described above, the Amendment does not modify or update the disclosures presented in, or exhibits to, the Original Filing in any way. Those sections of the Original Filing that are unaffected by the Amendment are not included herein. The Amendment continues to speak as of the date of the Original Filing. Furthermore, the Amendment does not reflect events occurring after the filing of the Original Filing. Accordingly, the Amendment should be read in conjunction with the Original Filing, as well as the Company’s other filings made with the SEC pursuant to Section 13(a) or 15(d) of the Exchange Act subsequent to the filing of the Original Filing.

TABLE OF CONTENTS

PART I
Item 1.	Business	4
Item 2.	Properties	5
Item 3.	Legal Proceedings	5
Item 4.	Mine safety disclosures	5
PART II
Item 5.	Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities	6
Item 6.	Selected Financial Data	8
Item 7.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	8
Item 7A.	Quantitative and Qualitative Disclosures About Market Risk	10
Item 8.	Financial Statements and Supplementary Data	11
Item 9.	Changes In and Disagreements With Accountants on Accounting and Financial Disclosure	12
Item 9A.	Controls and Procedures	12
Item 9B.	Other Information	12
PART III
Item 10.	Directors, Executive Officers and Corporate Governance	13
Item 11.	Executive Compensation	15
Item 12.	Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters	15
Item 13.	Certain Relationships and Related Transactions, and Director Independence.	17
Item 14.	Principal Accounting Fees and Services	17
PART IV
Item 15.	Exhibits, Financial Statement Schedules	19
SIGNATURES		20

2

FORWARD-LOOKING STATEMENTS

This Annual Report contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). These forward-looking statements relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology such as “may,” “should,” “expects,” “plans,” anticipates,” “believes,” “estimates,” “predicts,” “potential,” or “continue” or the negative of these terms or other comparable terminology. These forward-looking statements are only predictions and involve known and unknown risks, uncertainties and other factors, including the risks set out in the section hereof entitled “Risk Factors” and the risks set out below, any of which may cause our or our industry’s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.

These risks include, by way of example and not in limitation:

• risks related to our ability to continue as a going concern;
• the uncertainty of profitability based upon our history of losses;
• risks related to failure to obtain adequate financing on a timely basis and on acceptable terms for our planned development projects;
• risks related to our ability to continue to fund research and development costs;
• risks related to conducting business internationally due to our operations in Israel;
• risks related to our ability to successfully develop our technology into commercial products,
• risks related to our ability to successfully prosecute and protect our intellectual property;
• risks related to tax assessments; and
• other risks and uncertainties related to our prospects, properties, and business strategy.

The above list is not an exhaustive list of the factors that may affect any of our forward-looking statements. These and other risks described in this report should be considered carefully and readers should not place undue reliance on our forward-looking statements.

Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date the forward-looking statements are made, and we undertake no obligation to update forward-looking statements should these beliefs, estimates, and opinions or other circumstances change. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance, or achievements. Except as required by applicable law, including the securities laws of the United States, we do not intend to update any of the forward-looking statements to conform these forward-looking statements to actual results.

Our financial statements are stated in United States dollars (“US$”) and are prepared in accordance with United States generally accepted accounting principles (“GAAP”).

In this Annual Report, unless otherwise specified, all dollar amounts are expressed in United States dollars and all references to "common stock" refer to the shares of our common stock.

As used in this Annual Report, the terms "we," "us," "our," "Olie Inc.," and “Issuer” mean Olie Inc., unless the context clearly requires otherwise.

3

PART I

ITEM 1. BUSINESS

Overview of the Company

We are a development stage company that was incorporated on December 10, 2010. We have commenced only limited operations focused on business acquisitions. We have never declared bankruptcy, have never been in receivership, and have never been involved in any legal action or proceedings.

We have not generated any revenue to date and we do not expect to generate revenues prior to 2013. We do not currently have sufficient capital to operate our business, and, we will require additional funding in the future to sustain our operations. There is no assurance that we will have revenue in the future or that we will be able to secure the necessary funding to develop our business.

The Market Opportunity

The following market data regarding the US music production market is based on publicly available information. We have not conducted any independent market studies to verify this data.

History

The company has continued throughout the year to continue in a development stage. Its inception was as a music production company and whilst this was its original prime focus it has throughout the financial year explored development into other areas. It entertained a relationship with EnCansol that had developed Flat Plate RAM Cell battery technology. After the negotiations became too protracted the company terminated its relationship as disclosed in its 8K filed on May 10th 2013. Similarly it entertained a relationship with Whitehall 1V LLC that owned Mitch Stone Essentials, and by mutual consent that intent was terminated as disclosed in its 8K filed on May 28th 2013.

Subsequent to the year end the company announced its current corporate plan. It amended its Articles and Corporate Bylaws to create a series of anti-dilutive, convertible preferred shares. It announced its intention to transform to a Business Development Corporation; including providing corporate advisory services to other issuers, buy mature and secured debt from non-affiliates in other issuers, and with its convertible preferred securities purchase assets and business enterprises.

It is now implementing this plan and in particular, as reported in its 8K filed December 17th. 2013 the company acquired Settlement Management Series 1 LLC (SET1) that owns a $5,000,000 five year, 5% US Treasury Strip. This subsidiary then completed an assignment for $20,000,000 MTN USD credit linked to a Triple A US Treasury Strip (MTN), and also reported in the same 8K.

Marketing / Advertising

For a description of our marketing plans, please see the discussion in the Management Discussion and Analysis section below.

Patent, Trademark, License & Franchise Restrictions and Contractual Obligations & Concessions

We have not entered into any franchise agreements or other contracts that have given, or could give rise to, obligations or concessions. We intend to protect our private label for music production on the basis of applicable trademark and trade name laws. Beyond our common law right to our trade name, we do not hold any other intellectual property.

4

Research and Development Activities and Costs

We have not incurred any costs to date and have no plans to undertake research and development activities during the next year of operation.

Costs and Effects of Compliance with Environmental Laws and Regulations

We are not in a business that involves the use of materials in a manufacturing process where such materials are likely to result in the violation of any existing environmental rules and/or regulations. Further, we do not own any real property that could lead to liability as a landowner. Therefore, we do not anticipate that there will be any material costs associated with compliance with environmental laws and regulations.

Employees

We have commenced only limited operations; therefore, we have no employees and do not anticipate having any employees during the first twelve months of operations. Our officers and Directors provide service to us on an as-needed basis, and we will be relying heavily on our Secretary and Director, Mr. Gardner. When we commence full operations, we will need to hire full-time management and administrative support staff. For a detailed description, see "Plan of Operation".

ITEM 2. PROPERTIES

Our Principal Executive Offices

We do not own any real property. We currently maintain our mailing address at 300 Jameson House, 838 West Hastings Street, Vancouver, British Columbia. The mailing address is a private address and is provided at no cost to the Company. We do not have any present plans for obtaining new office space the current space is sufficient for our operations.

ITEM 3. LEGAL PROCEEDINGS

We know of no material, active or pending legal proceedings against our Company, nor of any proceedings that a governmental authority is contemplating against us.

We know of no material proceedings to which any of our Directors, officers, affiliates, owner of record or beneficially of more than 5 percent of our voting securities or security holders is an adverse party or has a material interest adverse to our interest.

ITEM 4. MINE SAFETY DISCLOSURES

Not applicable.

5

PART II

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

Market Information

Our common stock is quoted under the symbol “OLIE” on the OTCBB operated by the Financial Industry Regulatory Authority, Inc. (“FINRA”) and the OTCQB operated by OTC Markets Group, Inc. Few market makers continue to participate in the OTCBB system because of high fees charged by FINRA. Consequently, market makers that once quoted our shares on the OTCBB system may no longer be posting a quotation for our shares. As of the date of this report, however, our shares are quoted by several market makers on the OTCQB. The criteria for listing on either the OTCBB or OTCQB are similar and include that we remain current in our SEC reporting. Our reporting is presently current and, since inception, we have filed our SEC reports on time.

A trading market for our securities did not begin to develop until after the fiscal year ended September 30, 2013.

The following tables set forth the range of high and low prices for our common stock for the each of the periods indicated as reported by the OTCQB. These quotations reflect inter-dealer prices, without retail mark-up, mark-down or commission and may not necessarily represent actual transactions.

Fiscal Year Ending September 30, 2013
Quarter Ended		High $		Low $
September 30, 2013	$	0.06	$	0.0104
March 31, 2013	$	1.55	$	0.75
June 30, 2013	$	1.50	$	0.128
December 30, 2012	$	1.60	$	1.60

Fiscal Year Ending September 30, 2012
Quarter Ended	High $	Low $
September 30, 2012	NA	NA
March 31, 2012	NA	NA
June 30, 2012	NA	NA
December 30, 2011	NA	NA

Market for our common stock

There is currently no market for our shares. We cannot give you any assurance that the shares will ever have a market or that if a market for our shares ever develops, that you will be able to sell your shares. In addition, even if a public market for our shares develops, there is no assurance that a secondary public market will be sustained.

The shares are quoted on the OTC Bulletin Board under the symbol OTC BB “OLIE”, but no active trading market has developed and we cannot assure you that an active trading market will ever develop.

6

Penny Stock

The SEC has adopted rules that regulate broker-dealer practices in connection with transactions in penny stocks. Penny stocks are generally equity securities with a market price of less than $5.00, other than securities registered on certain national securities exchanges or quoted on the NASDAQ system, provided that current price and volume information with respect to transactions in such securities is provided by the exchange or system. The penny stock rules require a broker-dealer, prior to a transaction in a penny stock, to deliver a standardized risk disclosure document prepared by the SEC, that: (a) contains a description of the nature and level of risk in the market for penny stocks in both public offerings and secondary trading; (b) contains a description of the broker's or dealer's duties to the customer and of the rights and remedies available to the customer with respect to a violation of such duties or other requirements of the securities laws; (c) contains a brief, clear, narrative description of a dealer market, including bid and ask prices for penny stocks and the significance of the spread between the bid and ask price; (d) contains a toll-free telephone number for inquiries on disciplinary actions; (e) defines significant terms in the disclosure document or in the conduct of trading in penny stocks; and (f) contains such other information and is in such form, including language, type size and format, as the SEC shall require by rule or regulation.

The broker-dealer also must provide, prior to effecting any transaction in a penny stock, the customer with (a) bid and offer quotations for the penny stock; (b) the compensation of the broker-dealer and its salesperson in the transaction; (c) the number of shares to which such bid and ask prices apply, or other comparable information relating to the depth and liquidity of the market for such stock; and (d) a monthly account statement showing the market value of each penny stock held in the customer's account.

In addition, the penny stock rules require that prior to a transaction in a penny stock not otherwise exempt from those rules, the broker-dealer must make a special written determination that the penny stock is a suitable investment for the purchaser and receive the purchaser's written acknowledgment of the receipt of a risk disclosure statement, a written agreement as to transactions involving penny stocks, and a signed and dated copy of a written suitability statement.

These disclosure requirements may have the effect of reducing the trading activity for our common stock. Therefore, stockholders may have difficulty selling our securities.

Record Holders

As of December 2, 2013, we had outstanding 2,264,500,000 shares of common stock, which were held by 40 non affiliated stockholders of record and 1 affiliated stockholders of records.

Dividends

Since our inception, we have not declared nor paid any cash dividends on our capital stock and we do not anticipate paying any cash dividends in the foreseeable future. Our current policy is to retain any earnings in order to finance our operations. Our Board of Directors will determine future declarations and payments of dividends, if any, in light of the then-current conditions it deems relevant and in accordance with applicable corporate law.

Securities Authorized for Issuance under Equity Compensation Plans

The Board of Directors filed a Registration Statement prepared in accordance with the requirements of Form S-8 under the Securities Act of 1933, as amended, registering 350,000,000 shares of common stock, par value $0.00001, issuable pursuant to the 2013 Employee and Consultant Stock Incentive Plan.

7

Recent Sales of Unregistered Securities; Use of Proceeds from Sale of Registered Securities

We have not sold any equity securities not registered under the Securities Act.

Purchases of Equity Securities by the Issuer and Affiliated Purchases

During each month within the fourth quarter of the fiscal year ended September 30, 2013, neither we nor any “affiliated purchaser,” as that term is defined in Rule 10b-18(a)(3) under the Exchange Act, repurchased any of our common stock or other securities.

ITEM 6. SELECTED FINANCIAL DATA

Not applicable.

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

Forward-Looking Statements

Certain statements, other than purely historical information, including estimates, projections, statements relating to our business plans, objectives, and expected operating results, and the assumptions upon which those statements are based, are “forward-looking statements.” These forward-looking statements generally are identified by the words “believes,” “project,” “expects,” “anticipates,” “estimates,” “intends,” “strategy,” “plan,” “may,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties which may cause actual results to differ materially from the forward-looking statements. Our ability to predict results or the actual effect of future plans or strategies is inherently uncertain. Factors which could have a material adverse affect on our operations and future prospects on a consolidated basis include, but are not limited to: changes in economic conditions, legislative/regulatory changes, availability of capital, interest rates, competition, and generally accepted accounting principles. These risks and uncertainties should also be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements.

Overview

We are a development stage company with limited operations and no revenues from our business operations. We do not anticipate that we will generate significant revenues until we are able to continue making advances in obtaining additional assets and additional revenue generating opportunities. Accordingly, we must raise cash from sources other than our operations in order to implement our marketing plan.

We have raised approximately $40,000 from our shareholders. We believe that we will need to raise an additional approximate $60,000 in order to allow us to begin our market development and sales activities and to remain in business for twelve months including the costs related with being a public company. There is no reasonable expectation as to when revenues may be generated. If we raise the necessary funds, but are unable to generate revenues within twelve months of the effectiveness of this Registration Statement for any reason, or if we are unable to make a reasonable profit within twelve months of the effectiveness of this Registration Statement, we may have to suspend or cease operations. At the present time, we have not made any arrangements to raise additional cash to finance our operations. We may seek to obtain additional funds through a second public offering, a private placement of securities, or loans. Other than as described in this paragraph, we have no financing plans at this time.

8

Plan of Operation

We have not shown any revenues or profits since our inception date. Over the next twelve months we intend to commence an advertising and promotional strategy as we continue to transform into a business acquisition corporation and generate revenue.

Results of Operations

During the period from December 10, 2010 (date of inception) through September 30, 2011, we incurred a net loss of $1,917. During the year ended September 30, 2012, we incurred a net loss of $46,981. During the year ended September 30, 2013, we incurred a net loss of $756,563. These losses consisted of general and administrative expenses, primarily comprising professional fees.

Purchase or Sale of Equipment

We do not expect to purchase or sell any property or significant equipment

Revenues

We had no revenues for the period from December 10, 2010 (date of inception) through September 30, 2013.

Liquidity and Capital Resources

Our balance sheet as of September 30, 2013, reflects assets of $83 comprised entirely of cash, and current liabilities of $295,743. Cash from inception to date have been insufficient to provide the working capital necessary to operate. During the year ended September 30, 2013, virtually all expenses were paid with issuances of stock. As of September 30, 2013, loans payable amounted to $171,133 and represented accrued compensation payable. The loans are unsecured, non-interest bearing, and due on demand. Since inception, we have issued 2,264,500,000 shares of common stock to our Directors, consultants and investors.

We anticipate generating losses and, therefore, may be unable to continue operations in the future. Except for private placement financing from July 2011 through September 2011 and an investment by our Directors in 2010, we have not attempted to raise any additional capital. We estimate that we need approximately $100,000 to fund our activities over the next 12 months. We will need to raise approximately an additional $60,000 to fund the ongoing costs of being public. Currently, with cash assets of approximately $83, based on our projected operations over the next year, we cannot operate if no further funds are raised. Our cash assets are being kept in the United States.

To date, except for our selling stockholders we have not attempted to raise additional capital from any third party sources. Since we require additional capital, we may have to issue debt or equity or enter into a strategic arrangement with a third party.

We have not entered into any agreements with our Directors for interim financing, but we may nevertheless request that our current Directors provide us with such interim financing. There can be no assurance that additional capital will be available to us. We currently have no agreements, arrangements or understandings with any person to obtain funds through bank loans, lines of credit, or any other sources.

9

Going Concern Consideration

Our independent auditors included an explanatory paragraph in their report on the financial statements attached to our Annual Report on Form 10-K regarding concerns about our ability to continue as a going concern. Our financial statements for the fiscal period ended September 30, 2013 contain additional note disclosures describing the circumstances that lead to this disclosure by our independent auditors.

Off-Balance Sheet Arrangements

We have no off-balance sheet arrangements.

CRITICAL ACCOUNTING POLICIES

Our financial statements have been prepared in accordance with accounting principles generally accepted in the United States. The preparation of these financial statements requires us to make certain estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses, and the related disclosures of contingent assets and liabilities as of the date of the financial statements and during the applicable periods. We base these estimates on historical experience and on other factors that we believe are reasonable under the circumstances. Actual results may differ materially from these estimates under different assumptions or conditions and could have a material impact on our financial statements.

Refer to Note 1 to the Financial Statements entitled “Summary of Significant Accounting Policies” included in this Annual Report for a discussion of accounting policies utilized by the Company.

There are no recent accounting pronouncements that are expected to have an effect on the financial statements.

ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Not applicable.

10

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

OLIE INC.
(A DEVELOPMENT STAGE COMPANY)
INDEX TO FINANCIAL STATEMENTS
SEPTEMBER 30, 2013

CONTENTS

	Page(s)
Reports of Independent Registered Public Accounting Firms	F-1
Financial Statements:
Balance Sheets – September 30, 2013 and 2012	F-3
Statements of Operations – Year ended September 30, 2013 and 2012 and from December 10, 2010 (Inception) to September 30, 2013	F-4
Statement of Stockholder’s Equity (Deficit) – from December 10, 2010 (Inception) to September 30, 2013	F-5
Statements of Cash Flows – Year ended September 30, 2013 and 2012 and from December 10, 2010 (Inception) to September 30, 2013	F-6
Notes to Financial Statements	F-7

11

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Board of Directors and Stockholders of:
Olie, Inc. (a development stage company)
Vancouver, Canada

We have audited the accompanying consolidated balance sheet of Olie, Inc. and is subsidiary (a development stage company) (collectively, the “Company”), as of September 30, 2013 and the related consolidated statements of expenses, stockholders’ deficit and cash flows for the year then ended and for the period from December 10, 2010 (date of inception) through September 30, 2013. These financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on these financial statements based on our audits The financial statements of Olie, Inc. for the period December 10, 2010 (date of inception) through September 30, 2012 includes a net loss of $48,897. Our opinion on the statements of expenses, shareholders' deficit and cash flows for the period December 10, 2010 (inception) through September 30, 2013, insofar as it relates to amounts for prior periods through September 30, 2012, is based solely on the report of other auditors.

We conducted our audit in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. Our audit included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements and assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Olie, Inc. and its subsidiary as of September 30, 2013, and the results of their operations and their cash flows for the year then ended, and for the period from December 10, 2010 (date of inception) to September 30, 2013, in conformity with accounting principles generally accepted in the United States of America.

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As discussed in Note 2 to the financial statements, the Company had a net loss, negative cash flow from operating activities, and is still in the development stage. These conditions raise substantial doubt about its ability to continue as a going concern. Management’s plans in regard to these matters are also described in Note 2. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

As discussed in Note 8 to the financial statements, errors resulting in an understatement of revenue and an overstatement of deferred revenue were discovered by management. Accordingly, adjustments have been made to correct the error.

MaloneBailey, LLP
www.malonebailey.com
Houston, Texas

March 24, 2014

F-1

F-2

OLIE Inc.
(A Development Stage Company)
Consolidated Balance Sheets

		September 30,			September 30,
		2013			2012
		(Restated)
ASSETS
Current Assets
Cash and cash equivalents	$	83		$	127
Total Current Assets		83			127
TOTAL ASSETS	$	83		$	127
LIABILITIES AND STOCKHOLDERS' DEFICIT
Current Liabilities
Accounts payable and accrued expenses	$	172,610		$	2,389
Due to related parties		41,188			465
Note payable		129,945			5,970
Total Current Liabilities		343,743			8,824
Stockholders' Deficit
Preferred stock: 45,000,004 authorized; $0.0001 par value           104,955 and 0 shares issued and outstanding		10			-
Common stock: 3,000,000,000 authorized; $0.00001 par value           2,264,500,000 and 96,000,000 shares issued and outstanding		22,350			960
Additional paid in capital		439,440			39,240
Deficit accumulated during development stage		(805,460	)		(48,897	)
Total Stockholders' Deficit		(343,660	)		(8,697	)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$	83		$	127

See accompanying notes to the consolidated financial statements.

F-3

OLIE Inc.
(A Development Stage Company)
Consolidated Statements of Expenses

								December 10,
								2010
		For the Year Ended						(inception) to
		September 30,						September 30,
		2013			2012			2013
		(Restated)						(Restated)
Revenues	$	-		$	-		$	-
Operating expenses		752,060			46,981			800,957
Net loss from operations		(752,060	)		(46,981	)		(800,957	)
Other income (expense)
Interest expense		(4,503	)		-			(4,503	)
Net loss	$	(756,563	)	$	(46,981	)	$	(805,460	)
Basic and dilutive loss per share	$	(0.00	)	$	(0.00	)
Weighted average number of shares outstanding		1,165,500,000			96,000,000

See accompanying notes to the consolidated financial statements.

F-4

OLIE Inc.
(A Development Stage Company)
Consolidated Statement of Stockholders' Deficit

								Additional Paid
	Preferred Stock			Common Stock				in			Subscription			Accumulated
	Shares		Amount	Shares		Amount		Capital			Receivable			Deficit			Total
Balance, December 10, 2010 (inception)	-	$	-	-	$	-	$	-		$	-		$	-		$	-
Stock issued to related partied	-		-	80,000,000		800		(600	)		(200	)		-			-
Stock issued for cash and subscriptions	-		-	16,000,000		160		39,840			(480	)		-			39,520
Net loss	-		-	-		-		-			-			(1,916	)		(1,916	)
Balance, September 30, 2011	-		-	96,000,000		960		39,240			(680	)		(1,916	)		37,604
Stock subscription received	-		-	-		-		-			680			-			680
Net loss	-		-	-		-		-			-			(46,981	)		(46,981	)
Balance, September 30, 2012	-		-	96,000,000		960		39,240			-			(48,897	)		(8,697	)
Stock issued for services	-		-	139,000,000		1,390		141,818			-			-			143,208
Conversion of debt to equity	104,955		10	2,000,000,000		20,000		258,382			-			-			278,392
Net loss	-		-	-		-		-			-			(756,563	)		(756,563	)
Balance, September 30, 2013 (Restated)	104,955	$	10	2,264,500,000	$	22,350	$	439,440		$	-		$	(805,460	)	$	(343,660	)

See accompanying notes to the consolidated financial statements.

F-5

OLIE Inc.
(A Development Stage Company)
Consolidated Statements of Cash Flows

								December 10,
								2010
								(inception)
		Year Ended						through
		September 30,						September 30,
		2013			2012			2013
		(Restated)						(Restated)
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$	(756,563	)	$	(46,981	)	$	(805,460	)
Adjustment to reconcile net loss to net cash used in operations:
Stock-based compensation		143,208			-			143,208
Increase (decrease) in operating liabilities:
Accounts payable and accrued expenses		613,311			2,389			615,700
Net Cash Used in Operating Activities		(44	)		(44,592	)		(46,552	)
CASH FLOWS FROM FINANCING ACTIVITIES:
Shareholder loans, net		-			5,971			6,435
Sale of common stock		-			680			40,200
Net Cash Provided by Financing Activities		-			6,651			46,635
Net increase (decrease) in cash and cash equivalents		(44	)		(37,941	)		83
Cash and cash equivalents, beginning of period		127			38,068			-
Cash and cash equivalents, end of period	$	83		$	127		$	83
Supplemental cash flow information
Cash paid for interest	$	-		$	-		$	-
Cash paid for taxes	$	-		$	-		$	-
Non-cash transactions:
Reclassify accounts payable to debt	$	164,698					$	164,698
Debt converted to stock	$	278,392		$	-		$	-

See accompanying notes to the consolidated financial statements.

F-6

OLIE INC.
(A Development Stage Company)
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTE 1. NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

ORGANIZATION

Olie, Inc. (the “Company”), was incorporated in Delaware on December 10, 2010. The Company intends to continue to transform into a business acquisition corporation. The Company's financial statements are presented as those of a development stage enterprise. Activities during the development stage primarily include equity based financing and implementation of the business plan.

PRINCIPLES OF CONSOLIDATION

The consolidated financial statements comprise Olie, Inc. and its wholly owned subsidiary. All significant inter-company transactions and balances have been eliminated.

RISKS AND UNCERTAINTIES

The Company's operations may be subject to significant risk and uncertainties including financial, operational, technological, regulatory and other risks associated with a development stage company, including the potential risk of business failure.

USE OF ESTIMATES

The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.

Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the financial statements, which management considered in formulating its estimate could change in the near term due to one or more future confirming events. Accordingly, the actual results could differ significantly from estimates.

RESTATEMENT

Restatements of $17,138,272 were made. See note 8 for details.

F-7

OLIE INC.
(A Development Stage Company)
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

CASH AND CASH EQUIVALENTS

The Company considers all highly liquid instruments purchased with a maturity of three months or less and money market accounts to be cash equivalents.

SHARE BASED PAYMENTS

Generally, all forms of share-based payments, including stock option grants, warrants, restricted stock grants and stock appreciation rights, are measured at their fair value on the awards’ grant date, and based on the estimated number of awards that are ultimately expected to vest. Share-based payment awards issued to non-employees for services rendered are recorded at either the fair value of the services rendered or the fair value of the share-based payment, whichever is more readily determinable. The expense resulting from share-based payments are recorded as a component of operating expense.

EARNINGS PER SHARE

Basic loss per share is computed by dividing net loss by weighted average number of shares of common stock outstanding during each period. Diluted loss per share is computed by dividing net loss by the weighted average number of shares of common stock, common stock equivalents and potentially dilutive securities outstanding during the period. The Company has no common stock equivalents.

Since the Company reflected a net loss in the reported period, the effect of considering any common stock equivalents, if outstanding, would have been anti-dilutive. A separate computation of diluted loss per share is not presented.

INCOME TAXES

Provisions for federal and state income taxes are calculated based on reported pre-tax earnings and current tax law.

Significant judgment is required in determining income tax provisions and evaluating tax positions. The Company periodically assesses its liabilities and contingencies for all periods that are currently open to examination or have not been effectively settled based on the most current available information. When it is not more likely than not that a tax position will be sustained, the Company records its best estimate of the resulting tax liability and any applicable interest and penalties in the financial statements.

Deferred tax assets and liabilities are recorded for temporary differences between the tax basis of assets and liabilities and their reported amounts in the financial statements using statutory rates in effect for the year in which the differences are expected to reverse. The Company presents the tax effects of these deferred tax assets and liabilities separately for each major tax jurisdiction.

F-8

OLIE INC.
(A Development Stage Company)
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the results of operations in the period that the changes are enacted. The Company records a valuation allowance to reduce deferred tax assets when it is more likely than not that some portion of the asset may not be realized. The Company evaluates its deferred tax assets and liabilities on a periodic basis.

RECLASSIFICATIONS

Certain reclassifications have been made to prior year financial statements in order for them to be in conformity with the current year presentation. The reclassifications had no impact on change in net assets.

RECENT ACCOUNTING PRONOUNCEMENTS

There are no recent accounting pronouncements that are expected to have an effect on the Company’s financial statements.

NOTE 2. GOING CONCERN

The Company’s financial statements are prepared using accounting principles generally accepted in the United States of America applicable to a going concern which contemplates the realization of assets and liquidation of liabilities in the normal course of business. As of September 30, 2013, the Company has not yet established an ongoing source of revenues sufficient to cover its operating cost and allow it to continue as a going concern. The ability of the Company to continue as a going concern is dependent on the Company obtaining adequate capital to fund operating losses until it becomes profitable. If the Company is unable to obtain adequate capital, it could be forced to cease operations.

In order to continue as a going concern, the Company will need, among other things, additional capital resources. Management’s plan to obtain such resources for the Company include, obtaining capital from management and significant stockholders sufficient to meet its minimal operating expenses. However, management cannot provide any assurance that the Company will be successful in accomplishing any of its plans.

NOTE 3. INCOME TAXES

The Company has net operating loss carryforwards totaling approximately $662,000 at September 30, 2013, expiring through 2033. Utilization of these net operating losses may be limited due to potential ownership changes under the Internal Revenue Code.

Significant deferred tax assets at September 30, 2013 and 2012 are approximately as follows:

		September 30,			September 30,
		2013			2012
Gross deferred tax assets:
Net operating loss carryforward	$	230,000		$	17,000
Less: Valuation allowance		(230,000	)		(17,000	)
Net deferred tax assets recorded	$	-		$	-

F-9

OLIE INC.
(A Development Stage Company)
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTE 4. NOTE PAYABLE

In July 2012, the Company received $5,970. The loan is non-interest bearing and unsecured.

During the year ended September 30, 2013, various non related parties paid certain expenses for the Company totaling $164,698. The loans are non-interest bearing, unsecured and due on demand.

NOTE 5. DUE TO RELATED PARTIES

In February 2011, the Company’s Secretary loaned $465. The loan is non-interest bearing, unsecured, and due on demand.

As of September 30, 2013, the Company owed Robert Gardner, CEO $40,723 for certain expenses paid for on behalf of the Company. The loan bears no interest, is unsecured and due on demand. During the year additional advances, in the amount of $278,392, including $200,000 paid for the acquisition of EnCanSol Capital Corporation (agreement subsequently terminated and costs were written off as an impairment) were received and exchanged for preferred and common shares, as described in Note 7. Accrued interest, in the amount of $4,503 was due as of September 30, 2013.

NOTE 6. COMMON AND PREFERRED STOCK

STOCK TRANSACTIONS

On November 29, 2012, the Company enacted a 40 to 1 forward stock split. The common shares and per share information included in the financial statements have been retroactively restated for the forty to one (40:1) forward split approved on December 19, 2012.

On December 10, 2010 (date of inception) the Company issued 80,000,000 common shares to founders for $200 ($0.0000025/share).

On September 1, 2011, the Company issued 16,000,000 shares to individuals for $40,000 cash at $0.025 per share.

On April 29, 2013, the Company issued 500,000 shares of common stock for services rendered. These shares were valued at $325,000.

On June 18, 2013, the Company changed its common stock par value from $.0001 to $.00001.

On June 25, 2013, the Company issued 2 billion shares to its CEO in exchange for $20,000 of debt owed, which approximated its fair value.

On August 9, 2013, the Company issued 139,000,000 shares to various consultants for services rendered. These shares were valued at the fair market trading value of $143,208 at the date of grant.

F-11

OLIE INC.
(A Development Stage Company)
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

CONVERTIBLE PREFERRED STOCK

There are 4 shares of Series A convertible preferred stock authorized and zero issued and outstanding. These shares have a par value of $.0001 per share.

The holders of Series B, C and D convertible preferred stock are entitled to receive dividends when, and if declared by the Board of Directors, in their sole discretion. Upon liquidation, dissolution or winding up of the corporation, whether voluntarily or involuntarily, before any distribution or payment shall be made to the holders of any stock ranking junior to the Series B preferred stock, the holders of the Series B preferred stock are entitled to be paid out of the assets of the corporation an amount equal to $1.00 per share or in the event of an aggregate subscription by a single subscriber for each such Series preferred stock in excess of $100,000, $0.997 per share (as adjusted for any stock dividends, combinations, splits and recapitalization), plus all declared but unpaid dividends, for each share of Series B, C or D preferred stock held. After the payment of the full applicable preference value of each share of the Series B, C or D preferred stock, the remaining assets of the corporation legally available for distribution, if any, will be distributed ratably to the holders of the corporation’s common stock. There are 10,000,000, 25,000,000 and 10,000,000 shares authorized, respectively, and zero issued and outstanding. These shares have a par value of $.0001 per share.

Preferred Share Conversion Rights:

Preferred shares that have been issued and outstanding are held by controlling members and executive management. Management has waived rights of conversion, to the extent of available authorized shares, until such time that an adequate number of shares are available through amendments increasing the authorized shares or other events.

Series Preferred A: If at least one share of Series A Preferred Stock is issued and outstanding, then the total aggregate issued shares of Series A Preferred Stock at any given time, regardless of their number, shall be convertible into the number of shares of Common Stock which equals four times the sum of: i) the total number of shares of Common Stock which are issued and outstanding at the time of conversion, plus ii) the total number of shares of Series B, C and D Preferred Stock which are issued and outstanding at the time of conversion.

Series Preferred B, C and D: Each share of Series B, C and D Preferred Stock shall be convertible at par value $0.00001 per share into the number of shares of the Corporation's common stock, par value $0.00001 per share (the "Common Stock") equal to the price of the Series B Preferred Stock as stated in the Bylaws, divided by the par value of the Series B Preferred, subject to adjustment as may be determined by the Board of Directors from time to time (the "Conversion Rate").

On June 25, 2013, the Company issued 104,955 Series B Preferred shares to the CEO in exchange for debt. These shares were valued at $262,389, the amount of debt exchanged which is management’s estimate of the fair value of these shares.

NOTE 7. RELATED PARTY TRANSACTIONS

The balance due to the related party at September 30, 2013 and September 30, 2012 was $41,188 and $465, respectively. These amounts are payable on demand and bear no interest.

F-13

OLIE INC.
(A Development Stage Company)
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTE 8. RESTATEMENT

Subsequent to the filing of the first amended Form 10-K/A on January 28, 2014, management discovered substantial errors in the valuation of common and preferred stock issued for services and for conversion of related party debt to equity. The original valuations of stock issued mostly to the CEO and sole board member were valued at market trading value. Corrected valuations were issued using the stock enterprise valuation since 99.7% of the fully-diluted shares outstanding as of September 30, 2013 were issued during the current year. To date, the Company has had no non-cash assets and no operations beyond development-stage preparations. A summary of the reduction in non-cash expenses is summarized below:

		As Originally						As
		Filed			Restatement			Amended
Balance sheet, as of September 30, 2013
Total Assets	$	83					$	83
Total Liabilities	$	343,743		$	48,000		$	295,743
Total Stockholders’ Equity
Preferred stock: 45,000,004 authorized; $0.0001 par value                       104,955 and 0 shares issued and outstanding		10						10
Common stock: 3,000,000,000 authorized; $0.00001 par value,                       2,235,000,000 shares issued and outstanding		22,645			295			22,350
Additional paid in capital		17,625,417			(17,185,977	)		439,440
Deficit accumulated during development stage		(17,943,732	)		(17,138,272	)		(805,460	)
Total Stockholders' Deficit		(295,660	)		(48,000	)		(345,660	)
Total Liabilities and Stockholders Deficit	$	83					$	83
Income statement
Net Loss	$	17,894,835		$	17,138,272		$	756,563

NOTE 9. SUBSEQUENT EVENTS

In accordance with ASC 855-10, management has evaluated subsequent events through the date the financial statements were issued. On November 3, 2013, the Company created a series of anti-dilutive convertible preferred shares.

During the quarter ended December 31, 2013, the Company issued 191,000,000 common shares for compensation valued at $1,475,700, 106,190 Series B convertible preferred shares in exchange for debt with a fair value of $265,475, and another 60,000 Series B convertible preferred shares to purchase 60,000 Series B convertible preferred shares of another company, Hi Score Corporation as an investment fair valued at $150,000. The Company also received 100,000 Series B convertible preferred shares of Laredo Resources Corp. for a 6-month consulting contract.

F-14

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

On February 8, 2013 the company informed its registered independent public accountant, Berman & Company PA. (“B&Co”), of Boca Raton Florida of their dismissal. The Board of Directors approved the decision to change independent accountants and there have been no disagreements with B&CO on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements if not resolved to the satisfaction of B&CO would have caused them to make reference thereto in their report on the financial statements.

On February 8, 2013, the Company engaged Drake, Klein, Messineo, CPAs PA (“DKM”) of Clearwater, Florida, as its new registered independent public accountant. On May 10, 2013 the Company dismissed DKM and engaged Messineo & Co., CPAs, LLC (“M&Co”). DKM did not audit any periods and issued no reports. There were no disagreements with DKM on any matter of accounting principles or practices, financial statement disclosures or audit scope or procedure, which disagreements, if not resolved to the satisfaction of DKM would have caused them to make reference thereto to filings or their report on the financial statements.

In January 2014, Messineo & Co., CPAs, LLC resigned as the Company's independent accountant as they were not CPAB registered. There were no disagreements with M&Co on any matter of accounting principles or practices, financial statement disclosures or audit scope or procedure, which disagreements, if not resolved to the satisfaction of M&Co would have caused them to make reference thereto to filings or their report on the financial statements.

On February 1, 2014, the Company engaged MaloneBailey LLP as its new independent public accountant.

ITEM 9A. CONTROLS AND PROCEDURES

(a) Disclosure Controls and Procedures

Disclosure controls and procedures are the controls and other procedures that are designed to provide reasonable assurance that information required to be disclosed by the issuer in the reports that it files or submits under the Securities Exchange Act of 1934, as amended (the “Exchange Act”) is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission’s rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by an issuer in the reports that it files or submits under the Exchange Act is accumulated and communicated to the issuer’s management, including the principal executive and principal financial officer, or persons performing similar functions, as appropriate, to allow timely decisions regarding required disclosure. Any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives.

We have carried out an evaluation, under the supervision and with the participation of our Chief Executive Officer and Chief Financial Officer, of the effectiveness of our disclosure controls and procedures, as defined in Rules 13a-15(e) and 15d-15(e) of the Exchange Act as of the end of the fiscal year covered by this Annual Report.

Based on that evaluation, our Chief Executive Officer and Chief Financial Officer have concluded that the Company’s disclosure controls and procedures were not effective due to (i) limited personnel leading to improper segregation of duties and (ii) lack of formal review process which led to numerous audit adjustments.

(b) Management’s Annual Report on Internal Control over Financial Reporting

Management is responsible for establishing and maintaining adequate internal control over financial reporting, as defined in Securities Exchange Act Rule 13a-15(f). Internal control over financial reporting is designed to provide reasonable assurance regarding the reliability of financial reporting and preparation of financial statements for external purposes in accordance with U.S. GAAP. This annual report does not include a report of management's assessment regarding internal control over financial reporting due to a transition period established by rules of the Securities and Exchange Commission for newly public companies.

(c) Change in Internal Control over Financial Reporting

There were no significant changes to our internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) during the period covered by this report, that could materially affect, or are reasonably likely to materially affect, our internal control over financial reporting.

ITEM 9B. OTHER INFORMATION

None.

12

PART III

ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE

Our Directors hold office until the next annual general meeting of the stockholders or until their successors are elected and qualified. Our officers are appointed by our Board of Directors and hold office until the earlier of their death, retirement, resignation, or removal.

Our officers and Directors and their ages and positions are as follows:

Name	Age	Position
Robert Clive Gardner	73	President, Chief Executive Officer, Chief Financial Officer and Director

Mr. Robert Gardner

Set forth below is a brief description of the background and business experience of each of our current executive officers and directors.

Robert Gardner was appointed President, Chief Executive Officer, Chief Financial Officer, Secretary, Treasurer, and Director on September 10, 2012. He is the Proprietor and Principal of Gardner & Associates in Vancouver. He is a Barrister and Solicitor in the Province of British Columbia where he was called and admitted in 1966. He is currently President of Q-Gold Resources Ltd., a position he has held since approximately July of 2010. Formerly, he was Chairman of Viridis Energy, Inc. from approximately December 2009 until April 2011. He also served as President, CFO and Secretary of First Star Resources, Inc. from November 2010 through approximately December 2011. He was a member of the Board and Chairman of Stealth Energy from approximately 2006 until his resignation in approximately July 2011. He was Chairman and a member of the Board of Genco Resources (now Silvermex Resources, Inc.) from approximately February 2003 until his resignation in May 2010. During his time at Genco Resources, he also served as acting CEO from January 2009 to February 2010. He was a Director for Kootenay Gold, Inc. from June 2003 until his resignation in March 2009. He served as Chairman of Andover Resources from December 2006 until his resignation in September 2008. He was on the Board of Chief Consolidated Mining as an U.S.-associated company to Andover from March 2008 until his resignation in 2010. He was a Director for Atlas Technology Group from August 2005 until his resignation in February 2009. He served as Chairman of Bolero Resources Corp. from February 2006 until his resignation in February 2008. He was on the Board of Directors of Getty Copper from approximately 2003 until his resignation in November 2004. He was a director of Triple Dragon Resources, Inc. from February 23, 2006 to June 4, 2007.

Mr. Gardner was called to the Bar of England and Wales in 1964 and called and admitted in British Columbia in 1966. He is a member of the Honourable Society of the Inner Temple (London). He graduated from Cambridge University in 1961 with a BA, in 1962 with an LLB, in 1965 with an MA, and in 1995 with an LLM. He was made a Queens Counsel in 1989.

Term of Office

Our Directors are appointed for a one year term to hold office until the next annual general meeting of our shareholders or until removed from office in accordance with our bylaws. Our officers are appointed by our board of directors and hold office until removed by the board.

Family Relationships

There are no family relationships between or among the directors, executive officers or persons nominated or chosen by us to become directors or executive officers.

13

Committees of the Board of Directors

We do not presently have a separately constituted audit committee, compensation committee, nominating committee, executive committee or any other committees of our Board of Directors. As such, our entire Board of Directors acts as our audit committee.

Audit Committee Financial Expert

Our Board of Directors does not currently have any member who qualifies as an audit committee financial expert. We believe that the cost related to retaining such a financial expert at this time is prohibitive. Further, because we are in the start-up stage of our business operations, we believe the services of an audit committee financial expert are not warranted at this time.

Involvement in Legal Proceedings

None of our Directors, nominee for Directors, or officers has appeared as a party during the past ten years in any legal proceedings that may bear on his ability or integrity to serve as a Director or officer of the Company.

Board Leadership Structure

The Company has chosen to combine the principal executive officer and Board chairman positions. The Company believes that this Board leadership structure is the most appropriate for the Company for the following reasons. First, the Company is a development stage company and at this early stage it is more efficient to have the leadership of the Board in the same hands as the principal executive officer of the Company. The challenges faced by the Company at this stage – obtaining financing and performing research and development activities – are most efficiently dealt with by having one person intimately familiar with both the operational aspects as well as the strategic aspects of the Company’s business. Second, Mr. Gardner is uniquely suited to fulfill both positions of responsibility because he possesses management experience, technical experience, and experience with start-up companies.

Potential Conflict of Interest

Since we do not have an audit or compensation committee comprised of independent Directors, the functions that would have been performed by such committees are performed by our Board of Directors. Thus, there is a potential conflict of interest in that our Directors have the authority to determine issues concerning management compensation, in essence their own, and audit issues that may affect management decisions. We are not aware of any other conflicts of interest with any of our executives or Directors.

Board’s Role in Risk Oversight

The Board assesses on an ongoing basis the risks faced by the Company. These risks include financial, technological, competitive, and operational risks. The Board dedicates time at each of its meetings to review and consider the relevant risks faced by the Company at that time. In addition, since the Company does not have an Audit Committee, the Board is also responsible for the assessment and oversight of the Company’s financial risk exposures.

14

ITEM 11. EXECUTIVE COMPENSATION

Option/SAR Grants

We do not currently have a stock option plan. No individual grants of stock options, whether or not in tandem with stock appreciation rights known as SARs or freestanding SARs have been made to any executive officer or any Director since our inception; accordingly, no stock options have been granted or exercised by any of the officers or Directors since we were founded.

Long-Term Incentive Plans and Awards

We do not have any long-term incentive plans that provide compensation intended to serve as incentive for performance. No individual grants or agreements regarding future payouts under non-stock price-based plans have been made to any executive officer or any Director or any employee or consultant since our inception; accordingly, no future payouts under non-stock price-based plans or agreements have been granted or entered into or exercised by any of the officers or Directors or employees or consultants since we were founded.

Compensation of Directors

There are no current arrangements pursuant to which Directors are or will be compensated in the future for any services provided as a Director.

Employment Contracts, Termination of Employment, Change-in-Control Arrangements

In January 2013, the Company has a management agreement with the CEO, Robert Gardner in the amount of $10,000 per month There are no compensation plans or arrangements, including payments to be made by us, with respect to our officers, Directors or consultants that would result from the resignation, retirement or any other termination of such Directors, officers or consultants from us. There are no arrangements for Directors, officers, employees or consultants that would result from a change-in-control.

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

Beneficial Ownership of Holdings

The following table sets forth, as of November 30, 2012, certain information with respect to the beneficial ownership of our common stock by each stockholder known by us to be the beneficial owner of more than 5% of our common stock and by each of our current Directors and executive officers. Each person has sole voting and investment power with respect to the shares of common stock, except as otherwise indicated. Information relating to beneficial ownership of common stock by our principal stockholders and management is based upon information furnished by each person using "beneficial ownership" concepts under the rules of the Securities and Exchange Commission. Under these rules, a person is deemed to be a beneficial owner of a security if that person has or shares voting power, which includes the power to vote or direct the voting of the security, or investment power, which includes the power to vote or direct the disposition of the shares. The person is also deemed to be a beneficial owner of any security of which that person has a right to acquire beneficial ownership within 60 days. Under the Securities and Exchange Commission rules, more than one person may be deemed to be a beneficial owner of the same securities, and a person may be deemed to be a beneficial owner of securities as to which he or she may not have any pecuniary beneficial interest.

15

The percentages below are calculated based on 2,264,500,000 shares of our common stock issued and outstanding as of December 2, 2013. We do not have any outstanding options, warrants or other securities exercisable for or convertible into shares of our common stock.

		Amount and
		Nature
	Name and Address of	of Beneficial	Percentage of
Title of Class	Beneficial Owner(2)	Ownership	Class(1)
Common Stock	Mr. Robert Gardner	2,000,000, 000	88%
All officers as a Group			88%

(1)	Based on 2,264,500,000shares of our common stock issued.
(2)	The address for Mr. Gardner is 300 Jameson House, 838 West Hastings Street, Vancouver, British Columbia V6C 0A6

We are unaware of any contract or other arrangement the operation of which may at a subsequent date result in a change in control of our Company.

Changes in Control

We are unaware of any contract or other arrangement the operation of which may at a subsequent date result in a change of control of our Company.

Equity Compensation Plan Information

			Number of
			securities
			remaining
	Number of		available for
	securities to be		future issuance
	issued upon		under equity
	exercise of		compensation
	outstanding	Weighted-average	plans (excluding
	options,	exercise price of	securities
	warrants and	outstanding options,	reflected in
	rights	warrants and rights	column (a))
Plan category	(a)	(b)	(c)
Equity compensation plans approved by security holders	0	0	0
Equity compensation plans not approved by security
holders	0	0	0
Total	0	0	0

16

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

Except as disclosed below, since the beginning of the fiscal year preceding the last fiscal year none of the following persons has had any direct or indirect material interest in any transaction to which our Company was or is a party, or in any proposed transaction to which our Company proposes to be a party:

• any Director or officer of our Company;
• any proposed Director of officer of our Company;
• any person who beneficially owns, directly or indirectly, shares carrying more than 5 percent of the voting rights attached to our common stock; or
• any member of the immediate family of any of the foregoing persons (including a spouse, parents, children, siblings, and in-laws).

Our officers and Directors may be considered promoters of the Registrant due to their participation in and management of the business since its incorporation.

Director Independence

We are not subject to listing requirements of any national securities exchange or national securities association and, as a result, we are not at this time required to have our board comprised of a majority of “independent Directors.” We do not believe that either of our directors currently meets the definition of “independent” as promulgated by the rules and regulations of NASDAQ.

ITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICES

Audit Fees

The aggregate fees billed since incorporation for professional services rendered by the principal accountant for the audit of our financial statements and review of financial statements included in our quarterly Reports on Form 10-Q and services that are normally provided by the accountant in connection with statutory and regulatory filings or engagements for these fiscal periods were as follows:

		Period ended		Year ended
		September 30,		September 30,
		2012(1)		2013(2)
Audit Fees	$	7,000	$	15,000
Audit Related Fees		-		-
Tax Fees		-		-
All Other Fees		-		-

Notes :

(1)	For the year ended September 30, 2012, principal accountants of the Company were Berman & Co, P.A.
(2)	For the year ended September 30, 2013, principal accountants of the Company were Messineo & Co., CPAs , LLC and MaloneBailey, LLP

17

Since incorporation and as of the fiscal year ended December 31, 2011, there were no fees billed for assurance and related services by the principal accountant that are reasonably related to the performance of the audit or review of our financial statements and are not reported under Item 9(e)(1) of Schedule 14A, for professional services rendered by the principal account for tax compliance, tax advice, and tax planning, for products and services provided by the principal accountant, other than the services reported in Item 9(e)(1) through 9(d)(3) of Schedule 14A.

Audit Committee Pre-Approval of Audit and Permissible Non-Audit Services of Independent Auditors

Given the small size of our Board as well as the limited activities of our Company, our Board of Directors acts as our Audit Committee. Our Board pre-approves all audit and permissible non-audit services. These services may include audit services, audit-related services, tax services, and other services. Our Board approves these services on a case-by-case basis.

18

PART IV

ITEM 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES

(a)	Financial Statements and financial statement schedules
	(1) and (2) The financial statements and financial statement schedules required to be filed as part of this report are set forth in Item 8 of Part II of this report.
	(3) Exhibits. See Item 15(b) below.
(b)	Exhibits required by Item 601 of Regulation S-K

Exhibit
No.	Description
3.1	Certificate of Incorporation (incorporated by reference from our Registration Statement on Form S-1 filed on November 29, 2011).
3.2	Bylaws (incorporated by reference from our Registration Statement on Form S-1 filed on November 29, 2011).
31	Section 302 Certification of the Sarbanes-Oxley Act of 2002 of Robert Gardner
32	Section 906 Certification of the Sarbanes-Oxley Act of 2002 of Robert Gardner
99.1	Audit Committee Charter
99.2	Whistle Blower Policy
99.3	Canadian NP 58-101 Disclosures
99.4	Canadian NP 52-110 Disclosures
101.INS **	XBRL Instance Document
101.SCH **	XBRL Taxonomy Extension Schema Document
101.CAL **	XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF **	XBRL Taxonomy Extension Definition Linkbase Document
101.LAB **	XBRL Taxonomy Extension Label Linkbase Document
101.PRE **	XBRL Taxonomy Extension Presentation Linkbase Document

** XBRL (Extensible Business Reporting Language) information is furnished and not filed or a part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, is deemed not filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and otherwise is not subject to liability under these sections.

19

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) 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.

	OLIE INC.
	(Registrant)
Dated: March 24, 2014	By:	/s/ Robert Gardner
		Name: Robert Gardner
		Title: President, Chief Executive and
		Financial Officer
		(Principal Executive and Financial
		Officer), and Director

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.

Dated: March 24, 2014	By:	/s/ Robert Gardner
		Name: Robert Gardner
		Title: President, Chief Executive and
		Treasurer (Principal Executive and
		Financial Officer), and Director

20

EX-31.1

EXHIBIT 31.1

CERTIFICATION OF PRINCIPAL EXECUTIVE AND FINANCIAL OFFICER
PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Robert Gardner, certify that:

1. I have reviewed this annual report on Form 10-K of Olie Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. I am responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; and

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; and

c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.; and

5. I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Dated: March 24, 2014	By:	/s/ Robert Gardner
		Name: Robert Gardner
		Title: Chief Executive and Financial
		Officer

EX-32.1

EXHIBIT 32.1

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350,
AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

     In connection with the annual report of Olie Inc. (the “Company”) on Form 10-K for the fiscal year ended September 30, 2013 as filed with the Securities and Exchange Commission on the date hereof (the “report”), the undersigned, Robert Gardner, the Chief Executive Officer and Chief Financial Officer of the Company, hereby certifies, pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002, that to our knowledge:

1.	The report fully complies with the requirements of Section 13(a) or Section 15(d) of the Securities Exchange Act of 1934, as amended, except for the audit of our financial statements by our independent registered public accounting firm ; and
2.	The information contained in the report fairly presents, in all material respects, the financial condition and results of operation of the Company.

Dated: March 24, 2014	By:	/s/ Robert Gardner
		Name: Robert Gardner
		Title: Chief Executive and Financial
		Officer

This certification accompanies the Form 10-K to which it relates, is not deemed filed with the Securities and Exchange Commission and is not to be incorporated by reference to any filing of Olie Inc. under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended (whether made before or after the date of the Form 10-K), irrespective of any general incorporation language contained in such filing.

EX-99.1

EXHIBIT 99.1

CHARTER FOR THE AUDIT COMMITTEE OF
THE BOARD OF DIRECTORS OF
OLIE INC.

I. MANDATE

The Audit Committee (the “Committee”) of the Board of Directors (the “Board”) of OLIE Inc. (the “Company”) shall assist the Board in fulfilling its financial oversight responsibilities. The Committee’s primary duties and responsibilities under this mandate are to serve as an independent and objective party to monitor:

1. The quality and integrity of the Company’s financial statements and other financial information;

2. The compliance of such statements and information with legal and regulatory requirements;

3. The qualifications and independence of the Company’s independent external auditor (the “Auditor”); and

4. The performance of the Company’s internal accounting procedures and Auditor.

II. STRUCTURE AND OPERATIONS

Composition

At all times during which the Company has three or more Directors, the Committee shall be comprised of three or more members, each of whom is a director of the Company.

At all times during which the Company has two or more independent directors, a majority of the members of the Committee shall not be officers, employees or control persons of the Company or of an associate or affiliate of the Company.

Qualifications

Each member of the Committee must be able to read and understand fundamental financial statements, including the Company’s balance sheet, income statement, and cash flow statement.

First Adopted by the Board: Jan 15, 2014
Last Amended by the Board: N/A

1

C. Appointment and Removal

In accordance with the Company’s By-Laws, the members of the Committee shall be appointed by the Board and shall serve until such member’s successor is duly elected and qualified or until such member’s earlier resignation or removal. Any member of the Committee may be removed, with or without cause, by a majority vote of the Board.

D. Chair

Unless the Board shall appoint a Chair, the members of the Committee shall designate a Chair by the majority vote of all of the members of the Committee. The Chair shall call, set the agendas for and chair all meetings of the Committee.

E. Sub-Committees

The Committee may form and delegate authority to subcommittees consisting of one or more members when appropriate, including the authority to grant pre-approvals of audit and permitted non-audit services, provided that a decision of such subcommittee to grant a pre-approval shall be presented to the full Committee at its next scheduled meeting.

F. Meetings

The Committee shall meet as frequently as required but not less than once per year respecting the Company’s annual financial statements. The Committee should meet with the Auditor and management to review the Company’s annual financial statements in a manner consistent with, and to discharge its duties under, Section III of this Charter. The Committee may discharge its duties respecting the Company’s three, six and nine month financial statements by each member signing a resolution in writing respecting such statements rather than meeting in person or by conference telephone.

The Auditor shall be given reasonable notice of, and be entitled to attend and speak at, each meeting of the Committee concerning the Company’s annual financial statements and, if the Committee feels it is necessary or appropriate, at every other meeting. On request by the Auditor, the Chair shall call a meeting of the Committee to consider any matter that the Auditor believes should be brought to the attention of the Committee, the Board or the shareholders of the Company.

At each meeting, a quorum shall consist of a majority of members that are not officers or employees of the Company or of an affiliate of the Company.

As part of its goal to foster open communication, the Committee may periodically meet separately with each of management and the Auditor to discuss any matters that the Committee believes would be appropriate to discuss privately.

First Adopted by the Board: Jan 15, 2014
Last Amended by the Board: N/A

2

The Committee may invite to its meetings any director, any manager of the Company, and any other person whom it deems appropriate to consult in order to carry out its responsibilities. The Committee may also exclude from its meetings any person it deems appropriate to exclude in order to carry out its responsibilities.

III. DUTIES

A. Introduction

The following functions shall be the common recurring duties of the Committee in carrying out its purposes outlined in Section I of this Charter. These duties should serve as a guide with the understanding that the Committee may fulfill additional duties and adopt additional policies and procedures as may be appropriate in light of changing business, legislative, regulatory or other conditions. The Committee shall also carry out any other responsibilities and duties delegated to it by the Board from time to time related to the purposes of the Committee outlined in Section I of this Charter.

The Committee, in discharging its oversight role, is empowered to study or investigate any matter of interest or concern which the Committee in its sole discretion deems appropriate for study or investigation by the Committee.

The Committee shall be given full access to the Company’s internal accounting staff, managers, other staff and Auditor as necessary to carry out these duties. While acting within the scope of its stated purpose, the Committee shall have all the authority of, but shall remain subject to, the Board.

B. Powers and Responsibilities

The Committee will have the following responsibilities and, in order to perform and discharge these responsibilities, will be vested with the powers and authorities set forth below, namely, the Committee shall:

Independence of Auditor

1. Review and discuss with the Auditor any disclosed relationships or services that may impact the objectivity and independence of the Auditor and, if necessary, obtain a formal written statement from the Auditor setting forth all relationships between the Auditor and the Company.

2. Take, or recommend that the Board take, appropriate action to oversee the independence of the Auditor. 3. Require the Auditor to report directly to the Committee.

First Adopted by the Board: Jan 15, 2014
Last Amended by the Board: N/A

3

4. Review and approve the Company’s hiring policies regarding partners, employees and former partners and employees of the Auditor and former independent external auditor of the Company.

Performance & Completion by Auditor of its Work

5. Be directly responsible for the oversight of the work by the Auditor (including resolution of disagreements between management and the Auditor regarding financial reporting) for the purpose of preparing or issuing an audit report or related work.

6. Review annually the performance of the Auditor and recommend the appointment by the Board of a new, or re-election by the Company’s shareholders of the existing, Auditor.

7. Pre-approve all auditing services and permitted non-audit services, and the fees and terms thereof, to be performed for the Company by the Auditor unless such non-audit services:

(a) which are not pre-approved, are reasonably expected not to constitute, in the aggregate, more than 5% of the total amount of fees paid by the Company to the Auditor during the fiscal year in which the non-audit services are provided;

(b) were not recognized by the Company at the time of the engagement to be non-audit services; and

(c) are promptly brought to the attention of the Committee by the Company’s management and approved prior to the completion of the audit by the Committee or by one or more members of the Committee to whom authority to grant such approvals has been delegated by the Committee.

Internal Financial Controls & ‘Whistleblower’Policy

8. Establish procedures for:

(a) the receipt, retention and treatment of complaints received by the Company regarding accounting, internal accounting controls, or auditing matters; and (b) the confidential, anonymous submission by employees of the Company of concerns regarding questionable accounting or auditing matters.

Preparation of Financial Statements

9. Discuss with management and the Auditor significant financial reporting issues and judgments made in connection with the preparation of the Company’s financial statements, including any significant changes in the Company’s selection or application of accounting principles, any major issues as to the adequacy of the Company’s internal controls and any special steps adopted in light of material control deficiencies.

First Adopted by the Board: Jan 15, 2014
Last Amended by the Board: N/A

4

10. Discuss with management and the Auditor any correspondence with regulators or governmental agencies and any employee complaints or published reports which raise material issues regarding the Company’s financial statements or accounting policies.

11. Discuss with management and the Auditor the effect of regulatory and accounting initiatives as well as off-balance sheet structures on the Company’s financial statements.

12. Discuss with management the Company’s major financial risk exposures and the steps management has taken to monitor and control such exposures, including the Company’s risk assessment and risk management policies.

13. Discuss with the Auditor the matters required to be discussed relating to the conduct of any audit, in particular:

(a) The adoption of, or changes to, the Company’s significant auditing and accounting principles and practices as suggested by the Auditor, internal auditor or management.

(b) Any difficulties encountered in the course of the audit work, including any restrictions on the scope of activities or access to requested information, and any significant disagreements with management.

Public Disclosure by the Company

14. Review the Company’s annual and quarterly financial statements, management discussion and analysis (MD&A) and press releases respecting earnings before the Board approves and the Company publicly discloses this information.

15. Review the Company’s financial reporting procedures and internal controls to be satisfied that adequate procedures are in place for the review of the Company’s public disclosure of financial information extracted or derived from its financial statements, other than disclosure described in the previous paragraph, and periodically assessing the adequacy of those procedures.

16. Review disclosures made to the Committee by the Company’s Chief Executive Officer and Chief Financial Officer during their certification process of the Company’s financial statements about any significant deficiencies in the design or operation of internal controls or material weaknesses therein and any fraud involving management or other employees who have a significant role in the Company’s internal controls.

Manner of Carrying Out its Mandate

17. Consult, to the extent it deems necessary or appropriate, with the Auditor, but without the presence of management, about the quality of the Company’s accounting principles, internal controls and the completeness and accuracy of the Company’s financial statements.

First Adopted by the Board: Jan 15, 2014
Last Amended by the Board: N/A

5

18. Request any officer or employee of the Company or the Company’s outside counsel or Auditor to attend a meeting of the Committee or to meet with any members of, or consultants to, the Committee.

19. Meet separately, to the extent it deems necessary or appropriate, with management, any internal auditor and the Auditor.

20. Have the authority, to the extent it deems necessary or appropriate, to retain special independent legal, accounting or other consultants to advise the Committee advisors.

21. Make periodic reports to the Board, as necessary.

22. Review and reassess the adequacy of this Charter annually and recommend any proposed changes to the Board for approval.

23. Annually review the Committee’s own performance.

24. Provide an open avenue of communication among the Auditor, the Company’s financial and senior management and the Board.

25. Not delegate these responsibilities other than to one or more independent members of the Committee the authority to pre-approve, which the Committee must ratify at its next meeting, non-audit services to be provided by the Auditor.

C. Limitation of Audit Committee’s Role

While the Committee has the responsibilities and powers set forth in this Charter, it is not the duty of the Committee to plan or conduct audits or to determine that the Company’s financial statements and disclosures are complete and accurate and are in accordance with generally accepted accounting principles and applicable rules and regulations. These are the responsibilities of management and the Auditor.

First Adopted by the Board: Jan 15, 2014
Last Amended by the Board: N/A

6

EX-99.2

EXHIBIT 99.2

OLIE INC. 

WHISTLE-BLOWER POLICY

General

OLIE Inc. (the “Company”) strives to maintain financial records and prepare financial statements and reports which comply with all applicable accounting principles and laws. In addition, the Company requires employees, officers and directors of the Company to observe high standards of business and personal ethics in the conduct of their duties and responsibilities. To that end, employees, officers and directors of the Company must practice honesty and integrity in fulfilling their responsibilities and comply with all applicable laws and regulations. Unlawful activity of any kind is prohibited.

Purpose

The goal of this Whistle-Blower Policy (the “Policy”) is to discourage illegal activity and business conduct that damages the Company’s good name, business interests, and relationship with security holders, stakeholders and the community at large. This Policy provides an avenue for employees to raise concerns regarding improper conduct and questionable accounting, internal accounting controls or auditing matters and provides reassurance that they will be protected from reprisals or victimization for ‘whistle-blowing’ in good faith.

Reporting Responsibility

It is the responsibility of all employees, officers and directors of the Company to report any suspected illegal or improper activities and any concerns regarding accounting, financial statement disclosure, internal accounting or disclosure controls or auditing matters (a “Complaint”) in accordance with this Policy.

No Retaliation against ‘Whistle-Blowers’

No employee, officer or director of the Company making a Complaint in good faith shall suffer harassment, retaliation or adverse employment consequences. An employee that retaliates against someone who has made a Complaint in good faith is subject to discipline up to and including termination of employment.

Reporting Violations

This Policy is intended to encourage and enable employees, officers and directors to raise serious concerns within the Company rather than seeking resolution outside the Company. The Company has an ‘open door’ policy and encourages employees to share their questions, concerns, suggestions or complaints with someone who can address them properly.

1

For suspected accounting, financial statement disclosure, internal accounting or disclosure controls or auditing matters, including fraud or securities law violations, individuals should directly file a Complaint with the Chairman of the Company’s Audit Committee. A sample Complaint Form is attached hereto as Exhibit A. Completed forms should be sent to the Chairman of the Audit Committee in a sealed envelope marked “ To be opened only by the Audit Committee ”. The Audit Committee will retain all Complaint Forms for no less than seven years.

Chairman of the Company’s Audit Committee

The Chairman of the Company’s Audit Committee is responsible for investigating all reported Complaints.

Resolution of Complaints

The Audit Committee shall address all reported Complaints. The Chairman of the Company’s Audit Committee shall immediately notify the Audit Committee of any Complaint and work with the Audit Committee until the matter is resolved.

Investigations into Complaints will be conducted as quickly as possible, taking into account the nature and complexity of the Complaint and the issues raised therein.

Acting in Good Faith

Anyone filing a Complaint must be acting in good faith and have reasonable grounds for believing the information disclosed indicates illegal or improper activity or constitutes a questionable accounting or auditing matter. Any allegations that prove not to be substantiated and which prove to have been made maliciously or knowingly to be false will be viewed as a serious disciplinary offence.

Confidentiality

Complaints may be submitted on a confidential basis by the complainant or may be submitted anonymously. Complaints will be kept confidential to the extent possible, consistent with the need to conduct an adequate investigation.

2

The Audit Committee will treat all Complaints as confidential and privileged to the fullest extent permitted by law. The Audit Committee will exercise particular care to keep confidential the identity of any person making a Complaint under this procedure until a formal investigation is launched. Thereafter, the identity of the person making the Complaint may be kept confidential, if requested, unless:

(i) such confidentiality is incompatible with a fair investigation;

(ii) there is an overriding reason for identifying or otherwise disclosing the identity of the person; or

(iii) such disclosure is required by law.

In such an instance, the person making the Complaint will be so informed in advance of them being identified in connection with the Complaint. Where disciplinary proceedings are invoked against any individual following a Complaint, the Company will normally require the name of the person making the Complaint to be disclosed to the person subject to such proceedings.

The Company encourages individuals to put their name to any Complaint they make, but any person may also make anonymous Complaints. In responding to an anonymous Compliant, the Company will pay due regard to fairness to any individual named in the Complaint, the seriousness of the issue raised, the credibility of the information or allegations in the Complaint and the prospects of an effective investigation and discovery of evidence.

This Policy encourages employees to put their names to allegations because appropriate follow-up questions and investigation may not be possible unless the source of the information is identified. Reported violations or suspected violations expressed anonymously will be investigated, but consideration will be given to the following factors:

(i) the seriousness of the issue;

(ii) the creditability of the concern; and

(iii) the likelihood of confirming the allegation from a reliable source.

Effective Date

This Policy is in effect as of January 15, 2014.

The Board of Directors reserves the right to modify or amend this Policy at any time as it may deem necessary.

3

EXHIBIT A

COMPLAINT FORM

Case Number: _______________________
Name: __________________________
Tel: _______________________________
E-mail:__________________________
Department: _________________________
Supervisor: _______________________

Type of Violation: € Legal     € Accounting/Auditing     € Breach of a Company Policy     € Retaliation

Date Caller became aware of potential violation: _______________________________________

Violation is: € Ongoing     € Completed     € Unclear whether ongoing or completed

Department suspected of violation: _________________________________________________

Individual(s) suspected of violation: _________________________________________________

Describe all of the relevant facts of the violation:
____________________________________________________________________________________________________________
__________________________________________________
____________________________________________________________________________________________________________
__________________________________________________
____________________________________________________________________________________________________________
__________________________________________________

How did Caller become aware of the violation?
____________________________________________________________________________________________________________
__________________________________________________
____________________________________________________________________________________________________________
__________________________________________________
____________________________________________________________________________________________________________
__________________________________________________

Steps taken by Caller prior to contact:
____________________________________________________________________________________________________________
__________________________________________________
____________________________________________________________________________________________________________
__________________________________________________
____________________________________________________________________________________________________________
__________________________________________________

Who, if anyone, may be harmed or affected by the violation?
____________________________________________________________________________________________________________
__________________________________________________

If violation is legal, estimate amount of loss to the Company as a result of violation:

Actual: _________________________ Potential: ___________________________

If the violation relates to accounting/auditing matter, estimate the amount of the misreporting and indicate the affected category (or categories) of misreporting:

Amount _________________________
Category:
€ Assets
€ Liabilities
€ Expenses
€ Revenues
€ Valuation
€ Equity

Provide any suggestions for remedying the violation:
____________________________________________________________________________________________________________
__________________________________________________

Do you wish to be contacted by the investigation officers regarding the status of the investigation?     € Yes     € No

4

EX-99.3

EXHIBIT 99.3

CORPORATE GOVERNANCE

National Policy 58-101 Disclosure of Corporate Governance Practices of the Canadian securities administrators requires the Corporation to annually disclose certain information regarding its corporate governance practices. That information is disclosed below.

Board of Directors

The Board has responsibility for the stewardship of the Corporation including responsibility for strategic planning, identification of the principal risks of the Corporation’s business and implementation of appropriate systems to manage these risks, succession planning (including appointing, training and monitoring senior management), communications with investors and the financial community and the integrity of the Corporation’s internal control and management information systems.

The Board sets long term goals and objectives for the Corporation and formulates the plans and strategies necessary to achieve those objectives and to supervise senior management in their implementation. The Board delegates the responsibility for managing the day-to-day affairs of the Corporation to senior management but retains a supervisory role in respect of, and ultimate responsibility for, all matters relating to the Corporation and its business. The Board is responsible for protecting shareholders’ interests and ensuring that the incentives of the shareholders and of management are aligned.

As part of its ongoing review of business operations, the Board reviews, as frequently as required, the principal risks inherent in the Corporation’s business including financial risks, through periodic reports from management of such risks, and assesses the systems established to manage those risks. Directly and in its capacity as the Audit Committee, the Board also assesses the integrity of internal control over financial reporting and management information systems.

In addition to those matters that must, by law, be approved by the Board, the Board is required to approve any material dispositions, acquisitions and investments outside the ordinary course of business, long-term strategy, and organizational development plans. Management of the Corporation is authorized to act without Board approval, on all ordinary course matters relating to the Corporation’s business.

The Board also monitors the Corporation’s compliance with timely disclosure obligations and reviews material disclosure documents prior to distribution.

The Board is responsible for selecting the President and appointment senior management and for monitoring their performance.

The Board currently consists of a single member, Robert Gardner. Mr. Gardner is not considered an independent director because he also serves as the Corporation’s President and CEO and is its principal stockholder.

Directorships

Mr. Gardner, our sole director, is also a director of Laredo Resources Corp., a reporting issuer under United States securities laws.

Orientation and Continuing Education

The Board does not currently have any formal procedures in place to provide for the orientation or continuing education of its directors.

Ethical Business Conduct

The Board does not currently have a written Code of Conduct or Ethics for its directors, though it may adopt such a formal written policy if it expands beyond its current sole member, Robert Gardner.

The Board must also comply with the conflict of interest provisions of Section 141(a) and Section 102(b)(7) of the Delaware General Corporation Law to ensure that directors exercise independent judgment in considering transactions and agreements in respect of which a director or Executive Officer has a material interest.

1

Nomination of Directors

Our Board of Directors does not maintain a nominating committee. As a result, no written charter governs the director nomination process. Our size and the size of our Board, at this time, do not require a separate nominating committee.

When evaluating director nominees, our directors consider the following factors:

• The appropriate size of our Board of Directors;
• Our needs with respect to the particular talents and experience of our directors;
• The knowledge, skills and experience of nominees, including experience in finance, administration or public service, in light of prevailing business conditions and the knowledge, skills and experience already possessed by other members of the Board;
• Experience in corporate and political affairs;
• Experience with accounting rules and practices; and
• The desire to balance the benefit of continuity with the periodic injection of the fresh perspective provided by new Board members.

Our goal is to assemble a Board that brings together a variety of perspectives and skills derived from high quality business and professional experience. In doing so, the Board will also consider candidates with appropriate non-business backgrounds.

Other than the foregoing, there are no stated minimum criteria for director nominees, although the Board may also consider such other factors as it may deem are in our best interests as well as our stockholders. In addition, the Board identifies nominees by first evaluating the current members of the Board willing to continue in service. Current members of the Board with skills and experience that are relevant to our business and who are willing to continue in service are considered for re-nomination. If any member of the Board does not wish to continue in service or if the Board decides not to re-nominate a member for re-election, the Board then identifies the desired skills and experience of a new nominee in light of the criteria above. Current members of the Board are polled for suggestions as to individuals meeting the criteria described above. The Board may also engage in research to identify qualified individuals. To date, we have not engaged third parties to identify or evaluate or assist in identifying potential nominees, although we reserve the right in the future to retain a third party search firm, if necessary. The Board does not typically consider shareholder nominees because it believes that its current nomination process is sufficient to identify directors who serve our best interests.

Compensation

The Board does not have any formal procedures for determining the compensation of the directors or the CEO at this time.

Other Board Committees

The Board does not have any separately-designated standing committees, as it currently consists of a single member, Robert Gardner.

Assessments

The Board has not, as yet, adopted any formal procedures for regularly assessing the effectiveness of the Board, its Committees or individual directors with respect to their effectiveness and contributions.

2

EX-99.4

     EXHIBIT 99.4

AUDIT COMMITTEE

National Instrument 52-110 Audit Committees (“ NI 52-110 ”) of the Canadian securities administrators requires the Audit Committee of the Board to meet certain requirements. It also requires the Company to disclose in this Circular certain information regarding the Audit Committee. That information is disclosed below.

Overview

The Company does not have a separately-designated standing Audit Committee. The entire Board of Directors performs the functions of an Audit Committee. The Board approves the selection of the Company’s independent accountants and meets and interacts with the independent accountants to discuss issues related to financial reporting. In addition, the Board reviews the scope and results of the audit with the independent accountants, reviews with management and the independent accountants our annual operating results, considers the adequacy of the Company’s internal accounting procedures and considers other auditing and accounting matters including fees to be paid to the independent auditor and the performance of the independent auditor.

The Audit Committee’s Charter

The Board has adopted a Charter for the Audit Committee which sets out the Committee’s mandate, organization, powers and responsibilities. The Charter is attached as an Exhibit to this Form 10-K.

Composition of the Audit Committee

We do not have a separately-designated standing Audit Committee. The entire Board of Directors, which currently consists of a single member, performs the functions of an Audit Committee.

The following table sets out the names of the members of the Audit Committee and whether they are officers or employees, ‘independent’ or ‘financially literate’.

Name of Member	Officer or	Independent (1)	Financially
	Employee		Literate (2)
Robert Gardner	President and CEO	No	Yes

(1) To be considered to be independent, a member of the Committee must not have any direct or indirect ‘material relationship’ with the Company. A material relationship is a relationship which could, in the view of the Board, reasonably interfere with the exercise of a member’s independent judgment.

(2) To be considered financially literate, a member of the Committee must have the ability to read and understand a set of financial statements that present a breadth and level of complexity of accounting issues that are generally comparable to the breadth and complexity of the issues that can reasonably be expected to be raised by the Company’s financial statements.

Relevant Education and Experience

The education and experience of each member of the Audit Committee that is relevant to the performance of his responsibilities as an Audit Committee member and, in particular, any education or experience that would provide the member with:

• an understanding of the accounting principles used by the Company to prepare its financial statements;
• the ability to assess the general application of such accounting principles in connection with the accounting for estimates, accruals and reserves;
• experience preparing, auditing, analyzing or evaluating financial statements that present a breadth and level of complexity of accounting issues that are generally comparable to the breadth and complexity of issues that can reasonably be expected to be raised by the Company’s financial statements, or experience actively supervising one or more persons engaged in such activities; and
• an understanding of internal controls and procedures for financial reporting are as follows:

1

Name of Member	Education	Experience
Robert Gardner	B.A., Cambridge University (1961); LLB, Cambridge University (1962); MA, Cambridge University (1965); LLM, Cambridge University (1995)	Former officer and director of, and investor in, various energy and mineral exploration companies and, as such, he has reviewed and analyzed numerous financial statements.

Audit Committee Oversight

Since the commencement of the Company’s most recently completed financial year, there has not been a recommendation of the Audit Committee to nominate or compensate an external auditor which was not adopted by the Board.

Reliance on Exemptions in NI 52-110 regarding

De Minimis Non-audit Services or on a Regulatory Order Generally

Since the commencement of the Company’s most recently completed financial year, the Company has not relied on:

1. the exemption in section 2.4 ( De Minimis Non-audit Services ) of NI 52-110 (which exempts all non-audit services provided by the Company’s auditor from the requirement to be pre-approved by the Audit Committee if such services are less than 5% of the auditor’s annual fees charged to the Company, are not recognized as non-audit services at the time of the engagement of the auditor to perform them and are subsequently approved by the Audit Committee prior to the completion of that year’s audit); or

2. an exemption from the requirements of NI 52-110, in whole or in part, granted by a securities regulator under Part 8 ( Exemptions ) of NI 52-110.

Pre-Approval Policies and Procedures

The Audit Committee has not adopted specific policies and procedures for the engagement of non-audit services.

2

External Auditor Service Fees (By Category)

The following table discloses the fees billed to the Company by its external auditor during the last two financial years.

				Audit				All
		Audit		Related		Tax		Other
Financial Year Ending August 31		Fees (1)		Fees (2)		Fees (3)		Fees (4)
2013	$	15,000	$	0	$	0	$	0
2012	$	7,081	$	0	$	0	$	0

(1) The aggregate fees billed for audit services.

(2) The aggregate fees billed for assurance and related services that are reasonably related to the performance of the audit or review of the Company’s financial statements and are not disclosed in the ‘Audit Fees’ column.

(3) The aggregate fees billed for tax compliance, tax advice, and tax planning services. These services involved the preparation of an annual tax return to be filed with the U.S. Internal Revenue Service.

(4) The aggregate fees billed for professional services other than those listed in the other three columns.

Reliance on Exemptions in NI 52-110 regarding
Audit Committee Composition & Reporting Obligations

Since the Company was a Venture Issuer at the end of its last financial year, it relies on the exemption contained in section 6.1 of NI 52-110 from the requirements of Part 3 Composition of the Audit Committee (as described in ‘Composition of the Audit Committee’ above) and Part 5 Reporting Obligations of NI 52-110 (which requires certain prescribed disclosure about the Audit Committee in the Company’s Annual Information Form, if any).

Complaints

The Audit Committee has not, at this time, established a written ‘Whistleblower Policy.’ The Audit Committee will retain as part of its records, any information, complaints or concerns received. Furthermore, it will keep a written record of all such reports or inquiries and make quarterly reports on any ongoing investigation which will include steps taken to satisfactorily address each complaint.

The Audit Committee has established a written ‘Whistleblower Policy’ which creates procedures for the confidential and anonymous submission by employees of complaints and concerns regarding the Company’s accounting, auditing and financial reporting procedures and obligations, without fear of retaliation of any kind.

The Policy provides that if an employee has any information, complaints or concerns regarding such matters being questionable, incorrect, misleading or fraudulent they are urged under the Policy to present such information, complaints or concerns to the Audit Committee, without regard to the position of the persons responsible for the subject matter of the information, complaint or concern. Promptly following the receipt of any information, complaints and concerns submitted to it, the Audit Committee will investigate each matter and take appropriate corrective actions.

3

XML

RESTATEMENT (Narrative) (Details)	12 Months Ended
	Sep. 30, 2013
Restatement 1	99.70%

XML

INCOME TAXES

12 Months Ended

Sep. 30, 2013

INCOME TAXES [Text Block]

NOTE 3. INCOME TAXES

The Company has net operating loss carryforwards totaling approximately $662,000 at September 30, 2013, expiring through 2033. Utilization of these net operating losses may be limited due to potential ownership changes under the Internal Revenue Code.

Significant deferred tax assets at September 30, 2013 and 2012 are approximately as follows:

		September 30,			September 30,
		2013			2012
Gross deferred tax assets:
Net operating loss carryforward	$	230,000		$	17,000
Less: Valuation allowance		(230,000	)		(17,000	)
Net deferred tax assets recorded	$	-		$	-

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Restatement to Prior Year Income (Details) (USD $)	12 Months Ended
	Sep. 30, 2013
Restatement Restatement To Prior Year Income 1	$ 83
Restatement Restatement To Prior Year Income 2	83
Restatement Restatement To Prior Year Income 3	343,743
Restatement Restatement To Prior Year Income 4	48,000
Restatement Restatement To Prior Year Income 5	295,743
Restatement Restatement To Prior Year Income 6	45,000,004
Restatement Restatement To Prior Year Income 7	0.0001
Restatement Restatement To Prior Year Income 8	104,955
Restatement Restatement To Prior Year Income 9	0
Restatement Restatement To Prior Year Income 10	10
Restatement Restatement To Prior Year Income 11	10
Restatement Restatement To Prior Year Income 12	3,000,000,000
Restatement Restatement To Prior Year Income 13	0.00001
Restatement Restatement To Prior Year Income 14	2,235,000,000
Restatement Restatement To Prior Year Income 15	22,645
Restatement Restatement To Prior Year Income 16	295
Restatement Restatement To Prior Year Income 17	22,350
Restatement Restatement To Prior Year Income 18	17,625,417
Restatement Restatement To Prior Year Income 19	(17,185,977)
Restatement Restatement To Prior Year Income 20	439,440
Restatement Restatement To Prior Year Income 21	(17,943,732)
Restatement Restatement To Prior Year Income 22	(17,138,272)
Restatement Restatement To Prior Year Income 23	(805,460)
Restatement Restatement To Prior Year Income 24	(295,660)
Restatement Restatement To Prior Year Income 25	(48,000)
Restatement Restatement To Prior Year Income 26	(345,660)
Restatement Restatement To Prior Year Income 27	83
Restatement Restatement To Prior Year Income 28	83
Restatement Restatement To Prior Year Income 29	17,894,835
Restatement Restatement To Prior Year Income 30	17,138,272
Restatement Restatement To Prior Year Income 31	$ 756,563

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GOING CONCERN

12 Months Ended

Sep. 30, 2013

GOING CONCERN [Text Block]

NOTE 2. GOING CONCERN

The Company’s financial statements are prepared using accounting principles generally accepted in the United States of America applicable to a going concern which contemplates the realization of assets and liquidation of liabilities in the normal course of business. As of September 30, 2013, the Company has not yet established an ongoing source of revenues sufficient to cover its operating cost and allow it to continue as a going concern. The ability of the Company to continue as a going concern is dependent on the Company obtaining adequate capital to fund operating losses until it becomes profitable. If the Company is unable to obtain adequate capital, it could be forced to cease operations.

In order to continue as a going concern, the Company will need, among other things, additional capital resources. Management’s plan to obtain such resources for the Company include, obtaining capital from management and significant stockholders sufficient to meet its minimal operating expenses. However, management cannot provide any assurance that the Company will be successful in accomplishing any of its plans.

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Consolidated Balance Sheets (USD $)	Sep. 30, 2013	Sep. 30, 2012
Current Assets
Cash and cash equivalents	$ 83	$ 127
Total Current Assets	83	127
TOTAL ASSETS	83	127
Current Liabilities
Accounts payable and accrued expenses	172,610	2,389
Due to related parties	41,188	465
Note payable	129,945	5,970
Total Current Liabilities	343,743	8,824
Stockholders' Deficit
Preferred stock: 45,000,004 authorized; $0.0001 par value 104,955 and 0 shares issued and outstanding	10	0
Common stock: 3,000,000,000 authorized; $0.00001 par value 2,264,500,000 and 96,000,000 shares issued and outstanding	22,350	960
Additional paid in capital	439,440	39,240
Deficit accumulated during development stage	(805,460)	(48,897)
Total Stockholders' Deficit	(343,660)	(8,697)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$ 83	$ 127

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Consolidated Statements of Cash Flows (USD $)	12 Months Ended		34 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (756,563)	$ (46,981)	$ (805,460)
Adjustment to reconcile net loss to net cash used in operations:
Stock-based compensation	143,208	0	143,208
Increase (decrease) in operating liabilities:
Accounts payable and accrued expenses	613,311	2,389	615,700
Net Cash Used in Operating Activities	(44)	(44,592)	(46,552)
CASH FLOWS FROM FINANCING ACTIVITIES:
Shareholder loans, net	0	5,971	6,435
Sale of common stock	0	680	40,200
Net Cash Provided by Financing Activities	0	6,651	46,635
Net increase (decrease) in cash and cash equivalents	(44)	(37,941)	83
Cash and cash equivalents, beginning of period	127	38,068	0
Cash and cash equivalents, end of period	83	127	83
Supplemental cash flow information
Cash paid for interest	0	0	0
Cash paid for taxes	0	0	0
Non-cash transactions:
Reclassify accounts payable to debt	164,698	0	164,698
Debt converted to stock	$ 278,392	$ 0	$ 0

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DUE TO RELATED PARTIES (Narrative) (Details) (USD $)	12 Months Ended
	Sep. 30, 2013
Due To Related Parties 1	$ 465
Due To Related Parties 2	40,723
Due To Related Parties 3	278,392
Due To Related Parties 4	200,000
Due To Related Parties 5	$ 4,503

XML

RELATED PARTY TRANSACTIONS (Narrative) (Details) (USD $)	12 Months Ended
	Sep. 30, 2013
Related Party Transactions 1	$ 41,188
Related Party Transactions 2	$ 465

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NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

12 Months Ended

Sep. 30, 2013

NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Text Block]

NOTE 1. NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

ORGANIZATION

Olie, Inc. (the “Company”), was incorporated in Delaware on December 10, 2010. The Company intends to continue to transform into a business acquisition corporation. The Company's financial statements are presented as those of a development stage enterprise. Activities during the development stage primarily include equity based financing and implementation of the business plan.

PRINCIPLES OF CONSOLIDATION

The consolidated financial statements comprise Olie, Inc. and its wholly owned subsidiary. All significant inter-company transactions and balances have been eliminated.

RISKS AND UNCERTAINTIES

The Company's operations may be subject to significant risk and uncertainties including financial, operational, technological, regulatory and other risks associated with a development stage company, including the potential risk of business failure.

USE OF ESTIMATES

The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.

Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the financial statements, which management considered in formulating its estimate could change in the near term due to one or more future confirming events. Accordingly, the actual results could differ significantly from estimates.

RESTATEMENT

Restatements of $17,138,272 were made. See note 8 for details.

CASH AND CASH EQUIVALENTS

The Company considers all highly liquid instruments purchased with a maturity of three months or less and money market accounts to be cash equivalents.

SHARE BASED PAYMENTS

Generally, all forms of share-based payments, including stock option grants, warrants, restricted stock grants and stock appreciation rights, are measured at their fair value on the awards’ grant date, and based on the estimated number of awards that are ultimately expected to vest. Share-based payment awards issued to non-employees for services rendered are recorded at either the fair value of the services rendered or the fair value of the share-based payment, whichever is more readily determinable. The expense resulting from share-based payments are recorded as a component of operating expense.

EARNINGS PER SHARE

Basic loss per share is computed by dividing net loss by weighted average number of shares of common stock outstanding during each period. Diluted loss per share is computed by dividing net loss by the weighted average number of shares of common stock, common stock equivalents and potentially dilutive securities outstanding during the period. The Company has no common stock equivalents.

Since the Company reflected a net loss in the reported period, the effect of considering any common stock equivalents, if outstanding, would have been anti-dilutive. A separate computation of diluted loss per share is not presented.

INCOME TAXES

Provisions for federal and state income taxes are calculated based on reported pre-tax earnings and current tax law.

Significant judgment is required in determining income tax provisions and evaluating tax positions. The Company periodically assesses its liabilities and contingencies for all periods that are currently open to examination or have not been effectively settled based on the most current available information. When it is not more likely than not that a tax position will be sustained, the Company records its best estimate of the resulting tax liability and any applicable interest and penalties in the financial statements.

Deferred tax assets and liabilities are recorded for temporary differences between the tax basis of assets and liabilities and their reported amounts in the financial statements using statutory rates in effect for the year in which the differences are expected to reverse. The Company presents the tax effects of these deferred tax assets and liabilities separately for each major tax jurisdiction.

The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the results of operations in the period that the changes are enacted. The Company records a valuation allowance to reduce deferred tax assets when it is more likely than not that some portion of the asset may not be realized. The Company evaluates its deferred tax assets and liabilities on a periodic basis.

RECLASSIFICATIONS

Certain reclassifications have been made to prior year financial statements in order for them to be in conformity with the current year presentation. The reclassifications had no impact on change in net assets.

RECENT ACCOUNTING PRONOUNCEMENTS

There are no recent accounting pronouncements that are expected to have an effect on the Company’s financial statements.

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Consolidated Balance Sheets (Parenthetical) (USD $)	Sep. 30, 2013	Sep. 30, 2012
Preferred Stock, Shares Authorized	45,000,004	45,000,004
Preferred Stock, Par Value Per Share	$ 0.0001	$ 0.0001
Preferred Stock, Shares Issued	104,955	0
Preferred Stock, Shares Outstanding	104,955	0
Common Stock, Shares Authorized	3,000,000,000	3,000,000,000
Common Stock, Par Value Per Share	$ 0.00001	$ 0.00001
Common Stock, Shares, Issued	2,264,500,000	96,000,000
Common Stock, Shares, Outstanding	2,264,500,000	96,000,000

XML

INCOME TAXES (Tables)

12 Months Ended

Sep. 30, 2013

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

		September 30,			September 30,
		2013			2012
Gross deferred tax assets:
Net operating loss carryforward	$	230,000		$	17,000
Less: Valuation allowance		(230,000	)		(17,000	)
Net deferred tax assets recorded	$	-		$	-

XML

Document and Entity Information (USD $)	12 Months Ended
	Sep. 30, 2013	Dec. 02, 2013
Document Type	10-K
Amendment Flag	true
Amendment Description	This Amendment No. 1 to the Annual Report on Form 10-K/A (the “Amendment”) amends the Annual Report on Form 10-K of Olie Inc. (the “Company”) for the year ended September 30, 2013 (the “Original Filing”), that was originally filed with the U.S. Securities and Exchange Commission on January 14, 2014. The Amendment is being filed to submit Exhibit 99.1, 99.2, 99.3 and 99.4. The Amendment revises the exhibit index included in Part IV, Item 15 of the Original Filing. In addition, the Amendment revises certain disclosures related to the Company’s Audit Committee.Except as described above, the Amendment does not modify or update the disclosures presented in, or exhibits to, the Original Filing in any way. Those sections of the Original Filing that are unaffected by the Amendment are not included herein. The Amendment continues to speak as of the date of the Original Filing. Furthermore, the Amendment does not reflect events occurring after the filing of the Original Filing. Accordingly, the Amendment should be read in conjunction with the Original Filing, as well as the Company’s other filings made with the SEC pursuant to Section 13(a) or 15(d) of the Exchange Act subsequent to the filing of the Original Filing.
Document Period End Date	Sep. 30, 2013
Trading Symbol	olie
Entity Registrant Name	OLIE INC
Entity Central Index Key	0001533311
Current Fiscal Year End Date	--09-30
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		2,264,500,000
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well Known Seasoned Issuer	No
Entity Public Float		$ 188,000
Document Fiscal Year Focus	2013
Document Fiscal Period Focus	FY

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RESTATEMENT (Tables)

12 Months Ended

Sep. 30, 2013

Restatement to Prior Year Income [Table Text Block]

		As Originally						As
		Filed			Restatement			Amended
Balance sheet, as of September 30, 2013
Total Assets	$	83					$	83
Total Liabilities	$	343,743		$	48,000		$	295,743
Total Stockholders’ Equity
Preferred stock: 45,000,004 authorized; $0.0001 par value  104,955 and 0 shares issued and outstanding		10						10
Common stock: 3,000,000,000 authorized; $0.00001 par value,  2,235,000,000 shares issued and outstanding		22,645			295			22,350
Additional paid in capital		17,625,417			(17,185,977	)		439,440
Deficit accumulated during development stage		(17,943,732	)		(17,138,272	)		(805,460	)
Total Stockholders' Deficit		(295,660	)		(48,000	)		(345,660	)
Total Liabilities and Stockholders Deficit	$	83					$	83
Income statement
Net Loss	$	17,894,835		$	17,138,272		$	756,563

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Consolidated Statements of Operations (USD $)	12 Months Ended		34 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013
Revenues	$ 0	$ 0	$ 0
Operating expenses	752,060	46,981	800,957
Net loss from operations	(752,060)	(46,981)	(800,957)
Other income (expense)
Interest expense	(4,503)	0	(4,503)
Net loss	$ (756,563)	$ (46,981)	$ (805,460)
Basic and dilutive loss per share	$ 0.00	$ 0.00
Weighted average number of shares outstanding	1,165,500,000	96,000,000

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COMMON AND PREFERRED STOCK

12 Months Ended

Sep. 30, 2013

COMMON AND PREFERRED STOCK [Text Block]

NOTE 6. COMMON AND PREFERRED STOCK

STOCK TRANSACTIONS

On November 29, 2012, the Company enacted a 40 to 1 forward stock split. The common shares and per share information included in the financial statements have been retroactively restated for the forty to one (40:1) forward split approved on December 19, 2012.

On December 10, 2010 (date of inception) the Company issued 80,000,000 common shares to founders for $200 ($0.0000025/share).

On September 1, 2011, the Company issued 16,000,000 shares to individuals for $40,000 cash at $0.025 per share.

On April 29, 2013, the Company issued 500,000 shares of common stock for services rendered. These shares were valued at $325,000.

On June 18, 2013, the Company changed its common stock par value from $.0001 to $.00001.

On June 25, 2013, the Company issued 2 billion shares to its CEO in exchange for $20,000 of debt owed, which approximated its fair value.

On August 9, 2013, the Company issued 139,000,000 shares to various consultants for services rendered. These shares were valued at the fair market trading value of $143,208 at the date of grant.

CONVERTIBLE PREFERRED STOCK

There are 4 shares of Series A convertible preferred stock authorized and zero issued and outstanding. These shares have a par value of $.0001 per share.

The holders of Series B, C and D convertible preferred stock are entitled to receive dividends when, and if declared by the Board of Directors, in their sole discretion. Upon liquidation, dissolution or winding up of the corporation, whether voluntarily or involuntarily, before any distribution or payment shall be made to the holders of any stock ranking junior to the Series B preferred stock, the holders of the Series B preferred stock are entitled to be paid out of the assets of the corporation an amount equal to $1.00 per share or in the event of an aggregate subscription by a single subscriber for each such Series preferred stock in excess of $100,000, $0.997 per share (as adjusted for any stock dividends, combinations, splits and recapitalization), plus all declared but unpaid dividends, for each share of Series B, C or D preferred stock held. After the payment of the full applicable preference value of each share of the Series B, C or D preferred stock, the remaining assets of the corporation legally available for distribution, if any, will be distributed ratably to the holders of the corporation’s common stock. There are 10,000,000, 25,000,000 and 10,000,000 shares authorized, respectively, and zero issued and outstanding. These shares have a par value of $.0001 per share.

Preferred Share Conversion Rights:

Preferred shares that have been issued and outstanding are held by controlling members and executive management. Management has waived rights of conversion, to the extent of available authorized shares, until such time that an adequate number of shares are available through amendments increasing the authorized shares or other events.

Series Preferred A: If at least one share of Series A Preferred Stock is issued and outstanding, then the total aggregate issued shares of Series A Preferred Stock at any given time, regardless of their number, shall be convertible into the number of shares of Common Stock which equals four times the sum of: i) the total number of shares of Common Stock which are issued and outstanding at the time of conversion, plus ii) the total number of shares of Series B, C and D Preferred Stock which are issued and outstanding at the time of conversion.

Series Preferred B, C and D: Each share of Series B, C and D Preferred Stock shall be convertible at par value $0.00001 per share into the number of shares of the Corporation's common stock, par value $0.00001 per share (the "Common Stock") equal to the price of the Series B Preferred Stock as stated in the Bylaws, divided by the par value of the Series B Preferred, subject to adjustment as may be determined by the Board of Directors from time to time (the "Conversion Rate").

On June 25, 2013, the Company issued 104,955 Series B Preferred shares to the CEO in exchange for debt. These shares were valued at $262,389, the amount of debt exchanged which is management’s estimate of the fair value of these shares.

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DUE TO RELATED PARTIES

12 Months Ended

Sep. 30, 2013

DUE TO RELATED PARTIES [Text Block]

NOTE 5. DUE TO RELATED PARTIES

In February 2011, the Company’s Secretary loaned $465. The loan is non-interest bearing, unsecured, and due on demand.

As of September 30, 2013, the Company owed Robert Gardner, CEO $40,723 for certain expenses paid for on behalf of the Company. The loan bears no interest, is unsecured and due on demand. During the year additional advances, in the amount of $278,392, including $200,000 paid for the acquisition of EnCanSol Capital Corporation (agreement subsequently terminated and costs were written off as an impairment) were received and exchanged for preferred and common shares, as described in Note 7. Accrued interest, in the amount of $4,503 was due as of September 30, 2013.

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COMMON AND PREFERRED STOCK (Narrative) (Details) (USD $)	12 Months Ended
	Sep. 30, 2013
Common And Preferred Stock 1	1
Common And Preferred Stock 2	80,000,000
Common And Preferred Stock 3	$ 200
Common And Preferred Stock 4	0.0000025
Common And Preferred Stock 5	16,000,000
Common And Preferred Stock 6	40,000
Common And Preferred Stock 7	$ 0.025
Common And Preferred Stock 8	500,000
Common And Preferred Stock 9	325,000
Common And Preferred Stock 10	0.0001
Common And Preferred Stock 11	0.00001
Common And Preferred Stock 12	2,000,000,000
Common And Preferred Stock 13	20,000
Common And Preferred Stock 14	139,000,000
Common And Preferred Stock 15	143,208
Common And Preferred Stock 16	4
Common And Preferred Stock 17	$ 0.0001
Common And Preferred Stock 18	$ 1.00
Common And Preferred Stock 19	100,000
Common And Preferred Stock 20	$ 0.997
Common And Preferred Stock 21	10,000,000
Common And Preferred Stock 22	25,000,000
Common And Preferred Stock 23	10,000,000
Common And Preferred Stock 24	$ 0.0001
Common And Preferred Stock 25	$ 0.00001
Common And Preferred Stock 26	$ 0.00001
Common And Preferred Stock 27	104,955
Common And Preferred Stock 28	$ 262,389

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NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Narrative) (Details) (USD $)	12 Months Ended
	Sep. 30, 2013
Nature Of Operations And Summary Of Significant Accounting Policies 1	$ 17,138,272

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SUBSEQUENT EVENTS

12 Months Ended

Sep. 30, 2013

SUBSEQUENT EVENTS [Text Block]

NOTE 9. SUBSEQUENT EVENTS

In accordance with ASC 855-10, management has evaluated subsequent events through the date the financial statements were issued. On November 3, 2013, the Company created a series of anti-dilutive convertible preferred shares.

During the quarter ended December 31, 2013, the Company issued 191,000,000 common shares for compensation valued at $1,475,700, 106,190 Series B convertible preferred shares in exchange for debt with a fair value of $265,475, and another 60,000 Series B convertible preferred shares to purchase 60,000 Series B convertible preferred shares of another company, Hi Score Corporation as an investment fair valued at $150,000. The Company also received 100,000 Series B convertible preferred shares of Laredo Resources Corp. for a 6 -month consulting contract.

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RELATED PARTY TRANSACTIONS

12 Months Ended

Sep. 30, 2013

RELATED PARTY TRANSACTIONS [Text Block]

NOTE 7. RELATED PARTY TRANSACTIONS

The balance due to the related party at September 30, 2013 and September 30, 2012 was $41,188 and $465, respectively. These amounts are payable on demand and bear no interest.

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RESTATEMENT

12 Months Ended

Sep. 30, 2013

RESTATEMENT [Text Block]

NOTE 8. RESTATEMENT

Subsequent to the filing of the first amended Form 10-K/A on January 28, 2014, management discovered substantial errors in the valuation of common and preferred stock issued for services and for conversion of related party debt to equity. The original valuations of stock issued mostly to the CEO and sole board member were valued at market trading value. Corrected valuations were issued using the stock enterprise valuation since 99.7% of the fully-diluted shares outstanding as of September 30, 2013 were issued during the current year. To date, the Company has had no non-cash assets and no operations beyond development-stage preparations. A summary of the reduction in non-cash expenses is summarized below:

		As Originally						As
		Filed			Restatement			Amended
Balance sheet, as of September 30, 2013
Total Assets	$	83					$	83
Total Liabilities	$	343,743		$	48,000		$	295,743
Total Stockholders’ Equity
Preferred stock: 45,000,004 authorized; $0.0001 par value  104,955 and 0 shares issued and outstanding		10						10
Common stock: 3,000,000,000 authorized; $0.00001 par value,  2,235,000,000 shares issued and outstanding		22,645			295			22,350
Additional paid in capital		17,625,417			(17,185,977	)		439,440
Deficit accumulated during development stage		(17,943,732	)		(17,138,272	)		(805,460	)
Total Stockholders' Deficit		(295,660	)		(48,000	)		(345,660	)
Total Liabilities and Stockholders Deficit	$	83					$	83
Income statement
Net Loss	$	17,894,835		$	17,138,272		$	756,563

XML

Summary of Significant Accounting Policies (Policies)

12 Months Ended

Sep. 30, 2013

PRINCIPLES OF CONSOLIDATION [Policy Text Block]

PRINCIPLES OF CONSOLIDATION

The consolidated financial statements comprise Olie, Inc. and its wholly owned subsidiary. All significant inter-company transactions and balances have been eliminated.

RISKS AND UNCERTAINTIES [Policy Text Block]

RISKS AND UNCERTAINTIES

The Company's operations may be subject to significant risk and uncertainties including financial, operational, technological, regulatory and other risks associated with a development stage company, including the potential risk of business failure.

USE OF ESTIMATES [Policy Text Block]

USE OF ESTIMATES

The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.

Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the financial statements, which management considered in formulating its estimate could change in the near term due to one or more future confirming events. Accordingly, the actual results could differ significantly from estimates.

RESTATEMENT [Policy Text Block]

RESTATEMENT

Restatements of $17,138,272 were made. See note 8 for details.

CASH AND CASH EQUIVALENTS [Policy Text Block]

CASH AND CASH EQUIVALENTS

The Company considers all highly liquid instruments purchased with a maturity of three months or less and money market accounts to be cash equivalents.

SHARE BASED PAYMENTS [Policy Text Block]

SHARE BASED PAYMENTS

Generally, all forms of share-based payments, including stock option grants, warrants, restricted stock grants and stock appreciation rights, are measured at their fair value on the awards’ grant date, and based on the estimated number of awards that are ultimately expected to vest. Share-based payment awards issued to non-employees for services rendered are recorded at either the fair value of the services rendered or the fair value of the share-based payment, whichever is more readily determinable. The expense resulting from share-based payments are recorded as a component of operating expense.

EARNINGS PER SHARE [Policy Text Block]

EARNINGS PER SHARE

Basic loss per share is computed by dividing net loss by weighted average number of shares of common stock outstanding during each period. Diluted loss per share is computed by dividing net loss by the weighted average number of shares of common stock, common stock equivalents and potentially dilutive securities outstanding during the period. The Company has no common stock equivalents.

Since the Company reflected a net loss in the reported period, the effect of considering any common stock equivalents, if outstanding, would have been anti-dilutive. A separate computation of diluted loss per share is not presented.

INCOME TAXES [Policy Text Block]

INCOME TAXES

Provisions for federal and state income taxes are calculated based on reported pre-tax earnings and current tax law.

Significant judgment is required in determining income tax provisions and evaluating tax positions. The Company periodically assesses its liabilities and contingencies for all periods that are currently open to examination or have not been effectively settled based on the most current available information. When it is not more likely than not that a tax position will be sustained, the Company records its best estimate of the resulting tax liability and any applicable interest and penalties in the financial statements.

Deferred tax assets and liabilities are recorded for temporary differences between the tax basis of assets and liabilities and their reported amounts in the financial statements using statutory rates in effect for the year in which the differences are expected to reverse. The Company presents the tax effects of these deferred tax assets and liabilities separately for each major tax jurisdiction.

The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the results of operations in the period that the changes are enacted. The Company records a valuation allowance to reduce deferred tax assets when it is more likely than not that some portion of the asset may not be realized. The Company evaluates its deferred tax assets and liabilities on a periodic basis.

RECLASSIFICATIONS [Policy Text Block]

RECLASSIFICATIONS

Certain reclassifications have been made to prior year financial statements in order for them to be in conformity with the current year presentation. The reclassifications had no impact on change in net assets.

RECENT ACCOUNTING PRONOUNCEMENTS [Policy Text Block]

RECENT ACCOUNTING PRONOUNCEMENTS

There are no recent accounting pronouncements that are expected to have an effect on the Company’s financial statements.

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NOTE PAYABLE (Narrative) (Details) (USD $)	12 Months Ended
	Sep. 30, 2013
Note Payable 1	$ 5,970
Note Payable 2	$ 164,698

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SUBSEQUENT EVENTS (Narrative) (Details) (USD $)	12 Months Ended
	Sep. 30, 2013
Subsequent Events 1	191,000,000
Subsequent Events 2	$ 1,475,700
Subsequent Events 3	106,190
Subsequent Events 4	265,475
Subsequent Events 5	60,000
Subsequent Events 6	60,000
Subsequent Events 7	$ 150,000
Subsequent Events 8	100,000
Subsequent Events 9	6

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Consolidated Statement of Stockholders Equity (USD $)	Preferred Stock [Member]	Common Stock [Member]	Additional Paid in Capital [Member]	Subscription Receivable [Member]	Accumulated Deficit [Member]	Total
Beginning Balance at Dec. 10, 2010
Stock issued to related parties		$ 800	$ (600)	$ (200)
Stock issued to related parties (Shares)		80,000,000
Stock issued for cash and subscriptions		160	39,840	(480)		39,520
Stock issued for cash and subscriptions (Shares)		16,000,000
Net loss					(1,916)	(1,916)
Ending Balance at Sep. 30, 2011		960	39,240	(680)	(1,916)	37,604
Ending Balance (Shares) at Sep. 30, 2011		96,000,000
Stock subscription received				680		680
Net loss					(46,981)	(46,981)
Ending Balance at Sep. 30, 2012		960	39,240		(48,897)	(8,697)
Beginning Balance (Shares) at Sep. 30, 2012		96,000,000
Stock issued for services		1,390	141,818			143,208
Stock issued for services (Shares)		139,000,000
Conversion of debt to equity	10	20,000	258,382			278,392
Conversion of debt to equity (Shares)	104,955	2,000,000,000
Net loss					(756,563)	(756,563)
Ending Balance at Sep. 30, 2013	$ 10	$ 22,350	$ 439,440		$ (805,460)	$ (343,660)
Ending Balance (Shares) at Sep. 30, 2013	104,955	2,264,500,000

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NOTE PAYABLE

12 Months Ended

Sep. 30, 2013

NOTE PAYABLE [Text Block]

NOTE 4. NOTE PAYABLE

In July 2012, the Company received $5,970. The loan is non-interest bearing and unsecured.

During the year ended September 30, 2013, various non related parties paid certain expenses for the Company totaling $164,698. The loans are non-interest bearing, unsecured and due on demand.

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Schedule of Deferred Tax Assets and Liabilities (Details) (USD $)	12 Months Ended
	Sep. 30, 2013
Income Taxes Schedule Of Deferred Tax Assets And Liabilities 1	$ 230,000
Income Taxes Schedule Of Deferred Tax Assets And Liabilities 2	17,000
Income Taxes Schedule Of Deferred Tax Assets And Liabilities 3	(230,000)
Income Taxes Schedule Of Deferred Tax Assets And Liabilities 4	(17,000)
Income Taxes Schedule Of Deferred Tax Assets And Liabilities 5	0
Income Taxes Schedule Of Deferred Tax Assets And Liabilities 6	$ 0

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INCOME TAXES (Narrative) (Details) (USD $)	12 Months Ended
	Sep. 30, 2013
Income Taxes 1	$ 662,000