UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): ~~May~~August 1424, 2010

GREENCHEK TECHNOLOGY INC.

(Exact Name of Registrant as Specified in Its Charter)

Nevada

(State or Other Jurisdiction of Incorporation)

000-53269

(Commission File Number)

101 California Street, Suite 2450

San Francisco, California 94111

(Address of principal executive offices)

(888) 775-7579

(Issuer's telephone number)

_______

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Section 1 – Registrant’s Business and Operations

Item 1.01 Entry into a Material Definitive Agreement.

On ~~May~~August 145, 2010, GreenChek Technology Inc. (the “Company”) entered into ana ~~agreement~~Securities ~~amending~~Purchase ~~the~~ Agreement ~~dated~~with ~~October~~Asher 21Enterprises, ~~2008 with Pardeep Sarai~~Inc. ~~Pursuant~~(“Asher”) tofor the ~~Return~~sale toof ~~Treasury~~a ~~Agreement~~Convertible ~~entered~~Promissory ~~into~~Note ~~in October 2008 with Mr. Sarai, former majority stockholder and chief executive officer of~~ (the ~~Company (~~“~~Sarai~~Note”), in the ~~Company~~principal ~~agreed~~amount ~~to purchase 35,000,000 shares~~ of ~~the Company’s common stock owned by Sarai for~~ $~~100~~50,000. ~~Pursuant~~On toAugust ~~this agreement~~24, ~~the Company paid $75~~2010,~~000~~ toAsher ~~Sarai~~executed onthe ~~October~~purchase ~~21, 2008. The~~ agreement ~~provides~~and ~~that~~funded the ~~35,000,000 shares are to be returned to Sarai if the~~ Company ~~fails~~pursuant to ~~pay~~ the ~~remaining~~terms ~~$25,000~~thereof. toThe ~~Sarai by March 1, 2009 (which date had been extended to June 30, 2009 under an Amendment to Agreement dated May 19, 2009 between the~~ Company ~~and~~received ~~Sarai~~net ~~and~~proceeds ~~further~~from ~~extended under a verbal agreement) or if certain transactions contemplated by~~ the ~~License~~issuance ~~Agreement~~of ~~with China Bright Technology Development Limited do not occur. This License Agreement provides~~ the ~~Company~~Note ~~with~~in ~~certain patent and intellectual rights for~~ the ~~purpose~~amount of ~~manufacturing~~$47, ~~marketing, and distributing products designed to reduce gas emissions by motor vehicles~~000.

~~Pursuant~~The toNote, ~~the~~which ~~Amendment~~is due on May 9, Mr2011, bears interest at the rate of 8% per annum. ~~Sarai~~All ~~returned~~principal and accrued interest on the ~~35,000,000~~Note is convertible into shares of our common stock at the election of Asher at any time at a conversion price equal to a 38% discount to the ~~Company~~average inof ~~exchange~~the ~~for~~3 closing bid prices of the ~~issuance~~common bystock during the ~~Company~~10 trading day period prior to conversion. Failure of the Company to deliver shares to Asher upon conversion shall result in a payment to Asher of $252,000 ~~promissory~~in ~~note~~cash per day. The ~~principal~~conversion ~~amount~~price ofis ~~the~~subject ~~note~~to certain anti-dilution protection; for example, ~~plus~~if ~~interest~~the ~~which~~Company ~~accrues~~issues atshares anfor ~~annual~~a ~~rate~~consideration ofless ~~11%~~than the applicable conversion price, the conversion price is ~~due~~reduced onto ~~May~~such ~~13,~~amount. ~~2011~~The Company has the right to prepay the Note for 90 days after its issuance at 150% of all amounts owed to Asher.

AsWhile ~~a result of~~ the ~~return~~Note ofis outstanding, the ~~shares~~Company byagreed, ~~Mr.~~among ~~Sarai~~others, ~~the~~not ~~issued~~to ~~and~~make ~~outstanding~~any ~~share~~distributions ~~capital~~on ofits ~~the~~stock, ~~Company~~not ~~decreased~~repurchase ~~from~~any 99shares,~~046,666~~ not to ~~64,046,666.~~incur ~~Accordingly,~~certain ~~there~~liabilities ~~are~~for ~~currently~~borrowed ~~35,953,334~~money ~~shares~~or ~~which~~sell assets outside of the ~~Company~~ordinary ~~can~~course ~~issue~~of business.

For ~~all~~one ~~the~~year ~~terms~~after ~~and conditions of~~ the ~~Amendment to Agreement and Promissory Note described above~~closing, ~~reference~~the isCompany ~~hereby~~shall ~~made~~not toconduct ~~such~~any ~~agreement~~equity ~~and~~financing ~~note~~without ~~annexed~~first ~~hereto~~providing asAsher ~~Exhibit~~with ~~10.4~~a ~~and~~right ~~Exhibit~~of ~~10.5.~~first ~~All~~refusal, ~~statements~~unless ~~made~~such ~~herein~~financing ~~concerning~~is ~~the~~in ~~foregoing~~excess ~~agreements~~of ~~are qualified by reference to said Exhibits~~$250,000.

Asher agreed to restrict its ability to convert the Note and receive shares of the Company if the number of shares of common stock beneficially held by Asher and its affiliates in the aggregate after such conversion exceeds 4.99% of the then outstanding shares of common stock.

The Note contains default events which, if triggered and not timely cured (if curable), will result in a default interest rate of 22% per annum.

For all the terms and conditions of the Securities Purchase Agreement and Note described above, reference is hereby made to such agreement and note annexed hereto as Exhibit 10.18 and Exhibit 4.6, respectively. All statements made herein concerning the foregoing agreement and note are qualified by reference to said Exhibits.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The disclosure set forth above under Item 1.01 (Entry into a Material Definitive Agreement) above is incorporated by reference into this Item 2.03.

Item 3.02 Unregistered Sales of Equity Securities.

The disclosure set forth above under Item 1.01 (Entry into a Material Definitive Agreement) above is incorporated by reference into this Item 3.02. The Note described in Item 1.01 above was offered and sold in reliance upon exemptions from registration pursuant to Section 4(2) under the Securities Act of 1933, as amended, and Rule 506 promulgated thereunder. The Purchase Agreement executed in connection therewith contains representations to support the Company's reasonable belief that Asher had access to information concerning the operations and financial condition of the Company, is acquiring the securities for its own account and not with a view to the distribution thereof, and is an "accredited investor" as such term is defined in Rule 501 (a) of Regulation D promulgated under the Securities Act. At the time of their issuance, the Note and any shares of common stock issued upon conversion thereof above will be deemed to be restricted securities for purposes of the Securities Act and the certificates representing the securities shall bear legends to that effect.

Section 9 – Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits.

(d)	10.4	Amendment to Agreement dated May 14, 2010 between GreenChek Technology Inc. and Pardeep Sari.
	10.5	Promissory Note dated May 14, 2010 in the original principal amount of $25,000 payable to Pardeep Sarai.

(d)

4.6

Convertible Promissory Note dated August 5, 2010 in the original principal amount of $50,000 payable to Asher Enterprises, Inc.

210.18 Securities Purchase Agreement by and between Greenchek Technology Inc. and Asher Enterprises, Inc.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	GREENCHEK TECHNOLOGY INC.
Dated: May 18, 2010	By: /s/Lincoln Parke
Dated: August 24, 2010	By:	/s/Lincoln Parke
	~~Name: Lincoln Parke~~	Name: Lincoln Parke
	Title: President and Treasurer
		Title: President and Treasurer (Principal Executive, Financial and Accounting Officer)
	(Principal Executive, Financial and Accounting Officer)

Filing Compare · GreenChek Technology Inc.