UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

~~FORM~~Form 10-Q

(Mark One)
[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
	For the quarterly period ended September 30, 2012
	For the quarterly period ended March 31, 2013
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
	For the transition period from __________ to ______________
	For the transition period from __________ to __________

000-54252
(Commission File Number)
Commission File Number
MULTI-CORP INTERNATIONAL INC.
(Exact name of registrant as specified in its charter)
Nevada	N/A
	(I.R.S. Employer Identification No.)
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)
952 N. Western Avenue, Los Angeles, California	90029
3651 Lindell Rd., Ste D 414, Las Vegas, NV	89103
(Address of principal executive offices)	(Zip Code)
(888) 744-7090
(702) 483-2974
(Registrant’s telephone number, including area code)
(Former name, former address and former fiscal year, if changed since last report)

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.

Yes [X ] No [ X]

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).

Yes [ X ] No [ 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]
(Do not check if a smaller reporting company)

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes [ ] No [X]

APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY

PROCEEDINGS DURING THE PRECEDING FIVE YEARS:

Indicate by check mark whether the registrant filed all documents and reports required to be filed by Section 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court.

Yes [ ] No [ ]

APPLICABLE ONLY TO CORPORATE ISSUERS

7587,~~164~~193,~~122~~765 common shares outstanding as of ~~November~~February 1523, ~~2012~~2014 (Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.)

MULTI-CORP INTERNATIONAL INC.

TABLE OF CONTENTS

		Page
	PART I – FINANCIAL INFORMATION
	PART I – Financial Information
Item 1.	~~Consolidated~~ Financial Statements	4
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	125
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	157
Item 4.	Controls and Procedures	157
	PART II – OTHER INFORMATION
	PART II – Other Information
Item 1.	Legal Proceedings	168
Item 1A.	Risk Factors	168
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	168
Item 3.	Defaults Upon Senior Securities	168
Item 4.	~~Removed~~Mine ~~and~~Safety ~~Reserved~~Disclosures	168
Item 5.	Other Information	168
Item 6.	Exhibits	169
	SIGNATURES	17
Signatures		10

PART I – FINANCIAL INFORMATION

~~ITEM~~REPORTED ~~1. FINANCIAL~~IN ~~STATEMENTS~~UNITED STATES DOLLARS

~~The~~ITEM accompanying unaudited consolidated financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions for Form 10-Q and Article 210 8-03 of Regulation S-X1. ~~Accordingly,~~FINANCIAL ~~they~~STATEMENTS do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments considered necessary for a fair presentation have been included. All such adjustments are of a normal recurring nature. Operating results for the three and nine month periods ended September 30, 2012, are not necessarily indicative of the results that may be expected for the fiscal year ending December 31, 2012. For further information refer to the consolidated financial statements and footnotes thereto included in the Company’s Annual Report on Form 10-K ~~for the fiscal year ended December 31, 2011.~~Unaudited

	Page
Financial Statements
Consolidated Balance Sheets	5
Consolidated Statements of Operations and Comprehensive Loss	6
Consolidated Statements of Cash Flows	7
Notes to Consolidated Financial Statements	8 to 11

The accompanying unaudited financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions for Form 10-Q and Article 210 8-03 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments considered necessary for a fair presentation have been included. All such adjustments are of a normal recurring nature. Operating results for the three month period ended March 31, 2013, are not necessarily indicative of the results that may be expected for the fiscal year ending December 31, 2013. For further information refer to the financial statements and footnotes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2012 as filed with the Securities and Exchange Commission on January 23, 2014.

	Page
Balance Sheets	F-1
Statements of Operations	F-2
Statements of Cash Flows	F-3
Notes to Financial Statements	F-4 to F-12

MULTI-CORP INTERNATIONAL INC.

(A DEVELOPMENT STAGE COMPANY)

Consolidated Balance Sheets

	As Of September 30, 2012			As Of December 31, 2011
	As of March 31, 2013 (unaudited)			As of December 31, 2012
ASSETS
Current
Cash	$	-		$	-
Total Current Assets		-			-
Intangibles, net		123,667			-
Oil and gas properties, full cost method of accounting		12,559,942			12,559,942
Total Assets	$	123,667		$	-
Less: accumulated depletion, depreciation, and amortization		-			-
Total proved properties, net		12,559,942			12,559,942
Total other assets, net		-			-
Total Assets	$	12,559,942		$	12,559,942
LIABILITIES
Current
Accounts payable and accrued liabilities		~~278~~220,~~983~~785			~~238~~195,~~977~~741
Short term notes		54,412			54,412
Short term notes payable		121,921			152,753
Advances from stockholders		143,046			~~218~~143,~~017~~046
Liabilities of discontinued operations		-			32,446
Total Current Liabilities		485,752			491,540
Total Current Liabilities		476,441			543,852
Asset retirement obligation		1,199,267			1,179,242
STOCKHOLDERS’ DEFICIT
Total liabilities		1,685,019			1,670,782
STOCKHOLDERS’ EQUITY (DEFICIT)
Preferred stock, $0.0001 par value, non-voting, 20,000,000 authorized, none issued and outstanding		-			-
Common stock, $0.0001 par value, voting, 500,000,000 authorized, 75,164,122 and 149,498 issued and outstanding as at September 30, 2012 and December 31, 2011 respectively		7,516			15
Common stock, $0.0001 par value, voting, 500,000,000 authorized, and 84,193,765 and 87,164,765 issued and outstanding as at March 31, 2013 and December 31, 2012 respectively		8,419			8,716
Additional Paid-in Capital		134,~~168~~624,~~405~~095			~~707~~33,~~935~~569,332
Deficit accumulated during the development stage		(1,528,695	)		(1,251,802	)
Retained earnings (accumulated deficit) during the development stage		(23,757,591	)		(22,688,888	)
Total Stockholders’ Deficit		(352,774	)		(543,852	)
Total Stockholders’ Equity (Deficit)		10,874,923			10,889,160
Total Liabilities and Stockholders’ Deficit	$	123,667		$	-
Total Liabilities and Stockholders’ Equity (Deficit)	$	12,559,942		$	12,559,942

The accompanying notes are an integral part of these ~~consolidated~~ financial statements

5F-1

MULTI-CORP INTERNATIONAL INC.

(A DEVELOPMENT STAGE COMPANY)

~~Consolidated~~ Statements of Operations ~~and Comprehensive Loss~~

~~For The Three and Nine Months Ended September 30, 2012 and 2011~~(Unaudited)

and for The Period From Inception (September 21, 2010) to September 30, 2012

	Three months ended March 31,						Inception (September 21, 2010)
	2013			2012 (consolidated)			to March 31, 2013
Revenue	$	-		$	-		$	-

Operating Expenses
Professional fees		32,364			3,717			257,700
Amortization of intangible assets		-			2,333			23,333
Accretion of discount on asset retirement obligations		20,025			-			23,632
Impairment of intangible assets		-			-			69,067
Impairment of oil and gas assets		-			-			7,815,693
General and administrative expenses		2,669			256,718			292,578
(Loss) from continuing operations		(55,058	)		(262,768	)		(8,482,003	)

Other Income (expense)
Loss on debt extinguishment		(1,008,000	)		-			(15,256,846	)
Interest expense		(5,645	)		(1,085	)		(33,403	)
Other income (expenses)		(1,013,645	)		(1,085	)		(15,290,249	)

Income (Loss) before discontinued operations		(1,013,645	)		(263,853	)		(23,772,252	)
Gain (loss) from discontinued operations		-			-			14,661

Net (Loss)	$	(1,068,703	)	$	(263,853	)	$	(23,757,591	)

Basic and diluted Net (loss) per share from continuing operations	$	(0.01	)	$	(0.00	)
Basic and diluted Net income per share from discontinued operation		-			-
Basic and diluted Net (loss) per share	$	(0.01	)	$	(0.00	)

Weighted average number of shares outstanding		86,273,465			151,344,503

	Three months ended September 30,						Nine months ended September 30,						Inception (September 21, 2010) to September 30,
	2012			2011			2012			2011			2012
Operating Expenses
Professional fees		6,135			6,821			22,759			187,735			215,026
Amortization		7,000			-			16,333			-			16,333
Stock-based compensation		-			-			250,000			-			250,000
General and administrative expenses		5,510			1,202			16,979			17,321			36,475
Loss from continuing operations		(18,645	)		(8,023	)		(306,071	)		(205,056	)		(517,834	)
Other Income (expense)
Interest expense		(1,097	)		-			(3,268	)		-			(4,555	)
Loss before discontinued operations		(19,742	)		(8,023	)		(309,339	)		(205,056	)		(522,389	)
Gain/(loss)from discontinued operations		-			(230	)		32,446			(7,975	)		14,661
Net loss	$	(19,742	)	$	(8,253	)	$	(276,893	)	$	(213,031	)	$	(507,728	)
Basic and diluted Net loss per share from continuing operations	$	(0.00	)	$	(0.05	)	$	(0.06	)	$	(1.46	)
Basic and diluted Net loss per share from discontinued operations		-			(0.00	)		-			(0.06	)
Basic and diluted Net loss per share	$	(0.00	)	$	(0.05	)	$	(0.06	)	$	(1.51	)
Weighted average number of shares outstanding		14,046,461			151,125			4,848,418			140,780

The accompanying notes are an integral part of these financial statements

~~The accompanying notes are an integral part of these consolidated financial statements~~F-2

MULTI-CORP INTERNATIONAL INC.

(A DEVELOPMENT STAGE COMPANY)

~~Consolidated~~ Statements of Cash Flows

~~For The Nine Months Ended September 30, 2012 and 2011~~(Unaudited)

and For the Period From Inception (September 21, 2010) to September 30, 2012

	Three months ended March 31,						Inception (September 21, 2010) to
	2013			2012 (consolidated)			March 31, 2013
Cash flows from operating activities
Net (loss)	$	(1,068,703	)	$	(263,853	)	$	(23,757,591	)
Adjustment to reconcile net loss to cash used by operations:
Stock-based compensation		-			250,000			250,000
Amortization of intangible asset		-			2,333			23,333
Accretion on asset retirement obligations		20,025			-			23,632
Imputed interest contributed to additional paid in capital		4,466			-			26,314
Loss on conversion of debt to shares		1,008,000			-			15,256,846
Impairment of intangible asset		-			-			69,067
Impairment of oil and gas asset		-			-			7,815,693
Gain on divestment of AquaSil Inc.		-			-			(32,446	)
Change in operating assets and liabilities:
Accounts payable and accrued liabilities		25,043			11,520			182,625
Net cash used in continuing operations		(11,169	)		-			(142,527	)
Net cash used in discontinued operations		-			-			-
Net cash used in operating activities		-			-			(142,527	)

Cash flows from Financing Activities
Acquisition of AquaSil Inc.		-			-			1,000
Proceeds from short term notes payable		11,169			-			103,921
Advances from stockholders		-			-			5,160
Net cash used in continuing operations		11,169			-			110,081
Net cash used in discontinued operations		-			-			32,446
Net cash provided by financing activities		11,169			-			142,527

(Decrease) Increase in cash during the period		-			-			-
Cash, beginning of period		-			-			-
Cash, end of period	$	-		$	-		$	-

Supplemental disclosure of cash flow information:
Interest	$	-		$	-		$	-
Income taxes	$	-		$	-		$	-

Non-cash transactions:
Common stock issued for settlement of advances from stockholders	$	-		$	-		$	774,971
Common stock issued for settlement of short-term loan		42,000			-			42,000
Common stock issued for settlement of accounts payable		-			-			3,000
Common stock issued for acquisition of intellectual property		-			92,400			92,400
Common stock issued for acquisition of oil and gas asset		-			-			19,200,000
Common stock cancelled by shareholder		4,497						4,497
Asset retirement obligation acquired with acquisition of oil and gas asset		-			-			1,175,635

							Inception
	Nine Months Ended						(September 21, 2010)
	September 30,						Through
	2012			2011			September 30, 2012
Cash flows from operating activities
Net loss	$	(276,893	)	$	(213,031	)	$	(507,728	)
Adjustment to reconcile net loss to cash used by operations:
Stock-based compensation		250,000			-			250,000
Amortization		16,333			-			16,333
Accrued interest		3,268			-			4,555
Gain on divestment of AquaSil		(32,446	)		-			(32,446	)
Change in operating assets and liabilities:
Bank indebtedness		-			1,751			-
Accounts payable and accrued liabilities		39,738			184,255			176,268
Net cash used in continuing operating		-			(27,025	)		(93,018	)
Net cash used in discontinued operating		-			-			-
Net cash used in operating activities		-			(27,025	)		(93,018	)
Cash flows from financing activities
Acquisition of AquaSil Inc.		-			-			1,000
Proceeds from short term notes		-			-			54,412
Advances from stockholders		-			5,160			5,160
Net cash provided by financing activities		-			5,160			60,572
Net cash provided by financing activities in discontinued operations		-			21,000			32,446
Net cash provided by financing activities		-			26,160			93,018
Decrease in cash during the period		-			(865	)		-
Cash, beginning of period		-			865			-
Cash, end of period	$	-		$	-		$	-
Supplemental disclosure of cash flow information:
Interest	$	-		$	-		$	-
Income taxes	$	-		$	-		$	-
Non-cash transactions:
Common stock issued in settlement of accounts payable	$	3,000		$	-		$	3,000
Common stock issued for settlement of advances from stockholders		74,971			-			774,971
Common stock issued to acquire intangibles		140,000			-			140,000
Common stock issued for stock-based compensation		250,000			-			250,000
	$	467,971		$	-		$	1,167,971

The accompanying notes are an integral part of these financial statements

~~The accompanying notes are an integral part of these consolidated financial statements~~F-3

MULTI-CORP INTERNATIONAL INC.

(A DEVELOPMENT STAGE COMPANY)

NOTES TO THE ~~UNAUDITED~~ FINANCIAL STATEMENTS

~~For The Period from Inception~~ (~~September 21, 2010~~UNAUDITED) ~~To September 30, 2012~~

Note 1. — ORGANIZATION, NATURE OF OPERATIONS AND BASIS OF PRESENTATION

Organization and Nature of Operations

Gray Creek Mining, Inc. was incorporated on December 10, 2006 under the laws of the State of Nevada. A Certificate of Amendment was filed with the Nevada Secretary of State, on November 7, 2008, changing the Company’s name to BWI Holdings, Inc. A Certificate of Amendment was filed with the Nevada Secretary of State, on January 27, 2011, changing the Company’s name to Aquasil International Inc. On May 22, 2012, the Board of Directors of the Company authorized a name change to Multi-Corp International Inc. (the “Company”).

On December 30, 2010, the Company entered into a stock exchange agreement (the “Stock Exchange Agreement”) with AquaSil, Inc., a New York corporation (“AquaSil”) and the sole stockholder of AquaSil. In accordance with the Stock Exchange Agreement, the Company acquired 100% of the total issued and outstanding shares of common stock of AquaSil in exchange for the issuance of an aggregate 70,000 shares of the Company’s common stock to the sole stockholder of AquaSil. As a result of this transaction, AquaSil became a wholly-owned subsidiary of the Company.

The Company’s wholly owned subsidiary, AquaSil, was incorporated in the State of New York on September 21, 2010 to engage in the business of selling various water and soft drink products. On ~~March~~The ~~31,~~operations ~~2012,~~were ~~the~~consolidated ~~Company~~until ~~divested itself of this wholly-owned subsidiary and determined not to continue in~~ the ~~water~~entity ~~business. The~~was ~~Company~~disposed ~~has~~on ~~consolidated AquaSil up to~~ March 31, 2012. ~~As of April 1, 2012, the Company no longer consolidates the investment in AquaSil with the Company, which is presented as discontinued operations as of April 1, 2012.~~

On ~~February~~May 122, 2012, the ~~Company~~Board ~~entered~~of ~~into~~Directors anauthorized ~~acquisition agreement (~~the ~~“Agreement”)~~Company ~~with~~to ~~Oveldi~~implement ~~Canada Ltd.,~~ a ~~Canadian~~reverse ~~Corporation~~stock ~~(“OVE”)~~split ~~whereby~~of the ~~Corporation~~Company’s ~~will~~outstanding ~~acquire~~shares ~~the~~of ~~rights~~Common toStock ~~certain~~at ~~intellectual~~a ~~property~~ratio ~~for~~of a1000:1 ~~proprietary~~and ~~software~~to ~~application~~file ~~called~~all ~~EviCAT©. In~~required ~~accordance~~documents ~~with~~to the ~~terms~~requisite ~~and~~regulatory ~~provisions~~authorities ofto ~~the~~implement ~~Agreement,~~ the ~~Corporation~~reverse ~~acquired~~split. ~~the~~All ~~rights~~share toand ~~the~~per ~~intellectual~~share ~~property~~data ~~from~~included ~~OVE~~ in ~~exchange~~this ~~for~~report ~~the~~is ~~issuance~~consistent ofwith ~~14,000~~the ~~shares~~implementation of the ~~Corporation’s~~reverse ~~restricted common stock~~split.

On ~~May~~December 2217, 2012, ~~the~~we ~~Board~~entered ofinto ~~Directors~~two ~~authorized~~agreements (the ~~Company~~“Agreements”) towith ~~implement~~Quad Energy Corp., a ~~reverse~~Nevada ~~stock~~Corporation ~~split~~(“Quad”) ofwhereby ~~the~~we ~~Company’s~~will ~~outstanding~~acquire ~~shares~~a of100% ~~Common~~Working ~~Stock~~Interest atand aRevenue ~~ratio~~Interests ofranging ~~1000:1~~from ~~and~~61.96% to ~~file~~70.5% ~~all~~in ~~required~~the ~~documents~~2,800 toacre ~~the~~Cave ~~requisite~~Pool ~~regulatory~~Property ~~authorities~~in toEddy ~~implement~~County, ~~the~~New ~~reverse~~Mexico ~~split.~~which have an estimated 51 ~~All~~identified ~~share~~drilling and ~~per~~recompletion ~~share~~locations, ~~amounts~~of ~~used~~which in14 ~~the~~were ~~Company’s~~proved ~~consolidated~~undeveloped, ~~financial~~and ~~statements~~all ~~have~~of ~~been~~the ~~restated~~production toequipment ~~reflect~~on the ~~1000~~Property ~~for~~including 1all ~~reverse~~of ~~stock~~the ~~split~~pump jacks, storage tanks, and batteries.

Basis of Presentation

The Company is in the development stage and has no revenues. A development stage company is one in which all efforts are devoted substantially to establishing a new business and even if planned principal operations have commenced, revenues are insignificant.

These consolidated financial statements include the accounts of Multi-Corp International Inc. and up to March 31, 2012 includes the accounts of AquaSil. As ofThe ~~April~~operations 1,were ~~2012,~~consolidated ~~the~~until ~~Company no longer consolidates~~ the ~~accounts~~entity ofwas ~~AquaSil~~disposed ~~with~~on ~~the~~March ~~Company~~31, ~~which is presented as discontinued operations as of April 1,~~ 2012.

~~The~~Note 2 ~~accompanying~~— ~~consolidated~~GOING financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions for Form 10-Q and Article 8 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments considered necessary for a fair presentation have been included. All such adjustments are of a normal recurring nature. Operating results for the three and nine month periods ended September 30, 2012, are not necessarily indicative of the results that may be expected for the fiscal year ending December 31, 2012. For further information refer to the consolidated financial statements and footnotes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2011.CONCERN

8The accompanying financial statements have been prepared assuming the Company will continue as a going concern. The Company is a development stage company and is dependent on raising capital to commence principal operations. These circumstances raise substantial doubt about the Company’s ability to continue as a going concern. Management believes the Company’s ability to continue as a going concern is dependent on its ability to raise capital. At present, the Company has no commitments for any additional financing. Management is currently seeking financing through a possible offering of common stock, which will be used to finance operations. Until such financing is obtained, it is the intent of stockholders to provide funds for professional fees related to maintaining the Company’s public reporting status.

The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

F-4

MULTI-CORP INTERNATIONAL INC.

(A DEVELOPMENT STAGE COMPANY)

NOTES TO THE ~~UNAUDITED~~ FINANCIAL STATEMENTS

~~For The Period from Inception~~ (~~September 21, 2010~~UNAUDITED) ~~To September 30, 2012~~

Note ~~2. GOING~~3 ~~CONCERN~~— SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The ~~accompanying consolidated~~ financial statements have been prepared ~~assuming~~in ~~the~~accordance ~~Company~~with ~~will~~accounting ~~continue~~principles asgenerally aaccepted ~~going~~in ~~concern. The~~the ~~Company~~United isStates of America (“GAAP”). Because a ~~development~~precise ~~stage~~determination ~~company~~of many assets and liabilities is dependent onupon ~~raising~~future ~~capital~~events, tothe ~~commence~~preparation ~~principal~~of ~~operations. These~~financial ~~circumstances~~statements ~~raise~~for ~~substantial~~a ~~doubt~~period ~~about~~necessarily involves the ~~Company’s~~use ~~ability~~of toestimates, ~~continue~~which ashave abeen ~~going~~made ~~concern~~using careful judgment. Actual results may vary from these estimates.

~~Management~~The ~~believes~~financial ~~the~~statements ~~Company~~have, in management’s ~~ability to continue as a going concern is dependent on its ability to raise capital. At present~~opinion, ~~the~~been ~~Company~~properly ~~has~~prepared nowithin ~~commitments~~reasonable ~~for~~limits ~~any additional financing. Management is currently seeking financing through a possible offering~~ of ~~common~~materiality ~~stock,~~and ~~which~~within ~~will be used to finance operations. Until such financing is obtained, it is~~ the ~~intent~~framework of ~~stockholders to provide funds for professional fees related to maintaining~~ the ~~Company’s~~significant ~~public~~accounting ~~reporting~~policies ~~status.~~summarized below:

~~The financial statements do not include any adjustments that might result from the outcome of this uncertainty.~~Reclassifications

3Certain prior period amounts have been reclassified to conform to the current period presentation. ~~SUMMARY~~ OFThere ~~SIGNIFICANT~~was ~~ACCOUNTING~~no ~~POLICIES~~material effect to the consolidated financial statements as a result of these reclassifications.

Cash and Cash Equivalents

Cash and cash equivalents consist of commercial accounts and interest-bearing bank deposits and are carried at cost, which approximates current value. Items are considered to be cash equivalents if the original maturity is three months or less.

Equipment and Facilities

Equipment and facilities are recorded at cost. Depreciation is recorded using the straight-line method over the estimated useful lives of the related assets, ranging from one to twenty-five years.

Intangible Assets

Acquired intangible assets are recognized at cost and are classified as assets with finite useful lives. The Company amortizes the intangible assets with five years using the straight-line method over the estimated economic lives of the assets. Intangible assets are evaluated for impairment to determine if current circumstances and market conditions indicate the carrying amount may not be recoverable. The Company recognized an impairment loss of $69,067 on the intangible assets during the year ended December 31, 2012.

Asset Retirement Obligations

The Company records the fair value of a liability for an asset retirement obligation in the period in which the well is spud or the asset is acquired and a corresponding increase in the carrying amount of the related long-lived asset. The liability is accreted to its present value each period, and the capitalized cost is depreciated over the useful life of the related asset. If the liability is settled for an amount other than the recorded amount, a gain or loss is recognized.

Full Cost Method

The Company follows the full cost method of accounting for oil and gas operations whereby all costs related to the exploration and development of oil and gas properties are initially capitalized into a single cost center by country ("full cost pool"). At March 31, 2013, the Company had one cost center in the United States.

All capitalized costs of oil and gas properties, including the estimated future costs to develop proved reserves, are amortized on the unit-of-production method using estimates of proved reserves once proved reserves are determined to exist. At March 31, 2013, there was no amortization of these costs due to there being no production.

F-5

MULTI-CORP INTERNATIONAL INC.

(A DEVELOPMENT STAGE COMPANY)

NOTES TO THE FINANCIAL STATEMENTS

(UNAUDITED)

Note 3 — SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

Full Cost Method (continued)

Unproved property costs are excluded from the amortization base until determination of the existence of proved reserves on the respective property or until the requirement for impairment. Unproved properties are reviewed at the end of each quarter to determine whether portions of the costs should be reclassified to the full cost pool and thereby subject to amortization. Sales of oil and natural gas properties are accounted for as adjustments to the net full cost pool with no gain or loss recognized, unless the adjustment would significantly alter the relationship between capitalized costs and proved reserves.

Capitalized costs are summarized as follows for the periods ended March 31, 2013 and December 31, 2012, respectively:

	March 31, 2013		December 31, 2012
Shares issued to acquire the oil and gas properties	$	19,200,000	$	19,200,000
Asset retirement cost	$	1,175,635	$	1,175,635
Accumulated impairment	$	(7,815,693)	$	(7,815,693)
Net	$	12,559,942	$	12,559,942

Capitalized costs of oil and gas properties (net of related deferred income taxes) may not exceed an amount equal to the present value, discounted at 10% per annum, of the estimated future net cash flows from proved oil and gas reserves plus the cost of unproved properties (adjusted for related income tax effects). Should capitalized costs exceed this ceiling, impairment is recognized. The present value of estimated future net cash flows is computed by applying the arithmetic average first day price of oil and natural gas for the preceding twelve months to estimated future production of proved oil and gas reserves as of the end of the period, less estimated future expenditures to be incurred in developing and producing the proved reserves and assuming continuation of existing economic conditions. Such present value of proved reserves' future net cash flows excludes future cash outflows associated with settling asset retirement obligations. Should this comparison indicate an excess carrying value, the excess is charged to earnings as an impairment expense. We recognized $0 and $7,815,693 of impairment costs during the periods ended March 31, 2013 and December 31, 2012, respectively.

Impairment

FASB ASC 360-10-35-21 requires that assets to be held and used be reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Oil and gas properties accounted for using the full cost method of accounting (which the Company uses) are excluded from this requirement but continue to be subject to the full cost method's impairment rules.

Revenue recognition

The Company recognizes oil and natural gas revenues from our interests in producing wells when production is delivered to, and title has transferred to, the purchaser and to the extent the selling price is reasonably determinable, and collectability is reasonably assured. Gas-balancing arrangements are accounted for using the sales method.

Fair Value of Financial Instruments

The Company measures its financial assets and liabilities in accordance with the requirements of ASC 820, Fair Value Measurements and Disclosures. ASC 820 clarifies the definition of fair value, prescribes methods for measuring fair value, and establishes a fair value hierarchy to classify the inputs used in measuring fair value as follows:

Level 1- Inputs are unadjusted quoted prices in active markets for identical assets or liabilities available at the measurement date.

F-6

MULTI-CORP INTERNATIONAL INC.

(A DEVELOPMENT STAGE COMPANY)

NOTES TO THE FINANCIAL STATEMENTS

(UNAUDITED)

Note 3 — SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

Fair Value of Financial Instruments (continued)

Level 2- Inputs are unadjusted quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, inputs other than quoted prices that are observable, and inputs derived from or corroborated by observable market data.

Level 3- Inputs are unobservable inputs which reflect the reporting entity’s own assumptions on what assumptions the market participants would use in pricing the asset or liability based on the best available information,

The carrying value of all assets and liabilities approximated their fair values as of March 31, 2013 and March 31, 2012, respectively.

The following schedule summarizes the valuation of financial instruments at fair value on a recurring basis in the balance sheets as of March 31, 2013 and December 31, 2012:

	Fair Value Measurements at March 31, 2013
		Level 1		Level 2		Level 3
Assets:
None		$	-	$	-	$	-
Liabilities
Short term notes payable			-		121,921		-
Advances from stockholders			-		143,046		-
Total Liabilities		$	-	$	264,967	$	-

	Fair Value Measurements at December 31, 2012
		Level 1		Level 2		Level 3
Assets:
None		$	-	$	-	$	-
Liabilities
Short term notes payable			-		152,753		-
Advances from stockholders			-		143,046		-
Total Liabilities		$	-	$	295,799	$	-

Stock-Based Compensation

The Company follows the guidance included in ASC 718 Compensation-Stock Compensation (“ASC 718”) using the modified prospective transition method. The Company recognizes compensation expense in the financial statements for share-based awards based on the grant date fair value of those awards.

~~Intangible~~Income ~~Assets~~Taxes

~~Acquired~~The ~~intangible~~Company accounts for income taxes pursuant to ASC 740, Income Taxes . Deferred tax assets and liabilities are ~~recognized~~recorded atfor ~~cost~~differences between the financial statements and ~~are~~tax ~~classified~~basis asof the assets ~~with~~and ~~finite~~liabilities ~~useful~~that ~~lives. The~~will ~~Company~~result ~~amortizes~~in taxable or deductible amounts in the ~~intangible~~future based on enacted tax laws and rates. Valuation allowances are established when necessary to reduce deferred tax assets ~~with~~to ~~five~~the ~~years~~amount ~~using~~expected to be realized. Income tax expense is recorded for the ~~straight-line~~amount ~~method~~of ~~over~~income tax payable or refundable for the ~~estimated~~period ~~economic~~increased ~~lives~~or ofdecreased by the change in deferred tax assets and liabilities during the period.

F-7

MULTI-CORP INTERNATIONAL INC.

(A DEVELOPMENT STAGE COMPANY)

NOTES TO THE FINANCIAL STATEMENTS

(UNAUDITED)

Note 3 — SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

Use of Estimates

The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. These estimates are reviewed periodically, and, as adjustments become necessary, they are reported in earnings in the period in which they become known. The estimates on depreciation were based on the estimated useful lives of the Company's assets. Any estimates during the period have had an immaterial effect on earnings.

Earnings or Loss Per Share

The Company accounts for earnings per share pursuant ASC 260, Earnings per Share, which require disclosure on the financial statements of “basic” and “diluted” earnings (loss) per share. Basic earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of common shares outstanding for the year. Diluted earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of common shares outstanding. During the periods ended March 31, 2013 and December 31, 2012 the Company had no common stock equivalents outstanding. Due to this, as well as the net losses reported for these years, the basic loss per share was the same as the diluted loss per share.

Recent Accounting Pronouncements

In ~~December~~February ~~2011~~2013, ~~the~~ FASB issued ~~Accounting Standards Update (“~~ASU”) No. ~~2011~~2013-1102, ~~“Disclosures~~Comprehensive ~~about~~Income ~~Offsetting~~(Topic ~~Assets~~220): ~~and~~Reporting ~~Liabilities.” The~~of ~~amendments~~Amounts inReclassified ~~this~~Out ~~update~~of ~~require~~Accumulated ~~enhanced~~Other ~~disclosures~~Comprehensive ~~around~~Income, ~~financial~~to ~~instruments~~improve ~~and~~the ~~derivative~~transparency ~~instruments~~of ~~that~~reporting ~~are~~these ~~either~~reclassifications. ~~(1)~~Other ~~offset~~comprehensive inincome ~~accordance~~includes ~~with~~gains ~~either~~and ~~ASC~~losses ~~210-20-45~~that orare ~~ASC~~initially ~~815-10-45~~excluded orfrom ~~(2)~~net ~~subject~~income tofor an ~~enforceable~~accounting ~~master~~period. ~~netting~~Those ~~arrangement~~gains orand ~~similar~~losses ~~agreement, irrespective of whether they~~ are ~~offset~~later inreclassified ~~accordance~~out ~~with~~of ~~either~~accumulated ~~ASC~~other ~~210-20-45~~comprehensive orincome ~~ASC~~into ~~815-10-45~~net income. An ~~entity~~The ~~should~~amendments ~~provide~~in the ~~disclosures~~ASU ~~required~~do bynot ~~those~~change ~~amendments~~the ~~retrospectively~~current requirements for ~~all~~reporting ~~comparative~~net ~~periods~~income ~~presented. The~~or ~~amendments~~other ~~are~~comprehensive ~~effective~~income ~~during~~in ~~interim~~financial ~~and~~statements. ~~annual~~All ~~periods~~of ~~beginning~~the oninformation orthat ~~after~~this 1ASU ~~January~~requires ~~2013. The~~already ~~Company~~is ~~does~~required ~~not~~to ~~expect~~be ~~this~~disclosed ~~guidance~~elsewhere toin ~~have~~the ~~any~~financial ~~impact~~statements onunder ~~its~~U.S. ~~financial~~GAAP. ~~position,~~The ~~results~~new ofamendments ~~operations~~will orrequire ~~cash~~an ~~flows.~~organization to:

~~In July 2012, the FASB issued ASC Update No. 2012~~-~~02,~~ ~~“Intangibles~~Present ~~- Goodwill and Other~~ (~~Topic~~either ~~350):~~on ~~Testing Indefinite-Lived Intangible Assets for Impairment” (“ASU 2012-02”). ASU 2012-02 provides companies with~~ the ~~option~~face toof ~~assess qualitative factors to determine whether~~ the ~~existence~~statement ofwhere ~~events~~net ~~and~~income ~~circumstances indicates that it~~ is ~~more~~presented ~~likely~~or ~~than~~in ~~not that~~ the ~~indefinite-lived~~notes) ~~intangible asset is impaired. If~~ the ~~Company~~effects ~~concludes~~on ~~that it is more likely than not that~~ the ~~asset~~line isitems ~~impaired,~~of itnet isincome ~~required~~of tosignificant ~~determine~~amounts ~~the~~reclassified ~~fair~~out ~~value~~ of ~~the~~accumulated ~~intangible~~other ~~asset~~comprehensive ~~and~~income ~~perform~~- ~~the~~but ~~quantitative~~only ~~impairment~~if ~~test by comparing~~ the ~~fair~~item ~~value~~reclassified ~~with the carrying value in accordance with Topic 350. If the Company concludes, otherwise, no further quantitative assessment~~ is required~~. ASU-2012-02~~ isunder ~~effective for annual and interim impairment tests performed for fiscal years beginning after 15 September 2012~~U. ~~Early adoption is permitted~~S. ~~The~~ ~~Company~~GAAP ~~does~~to ~~not~~be ~~expect~~reclassified ~~the~~to ~~adoption~~net ofincome ~~ASU~~in ~~2012-02 to impact~~ its ~~results~~entirety ofin ~~operations~~the orsame ~~financial~~reporting ~~position.~~period; and

9- Cross-reference to other disclosures currently required under U.S. GAAP for other reclassification items (that are not required under U.S. GAAP) to be reclassified directly to net income in their entirety in the same reporting period. This would be the case when a portion of the amount reclassified out of accumulated other comprehensive income is initially transferred to a balance sheet account (e.g., inventory for pension-related amounts) instead of directly to income or expense.

The amendments apply to all public and private companies that report items of other comprehensive income. Public companies are required to comply with these amendments for all reporting periods (interim and annual). The amendments are effective for reporting periods beginning after December 15, 2012, for public companies. Early adoption is permitted. The adoption of ASU No. 2013-02 is not expected to have a material impact on our financial position or results of operations.

In January 2013, the FASB issued ASU No. 2013-01, Balance Sheet (Topic 210): Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities , which clarifies which instruments and transactions are subject to the offsetting disclosure requirements originally established by ASU 2011-11.

F-8

MULTI-CORP INTERNATIONAL INC.

(A DEVELOPMENT STAGE COMPANY)

NOTES TO THE ~~UNAUDITED~~ FINANCIAL STATEMENTS

~~For The Period from Inception~~ (~~September 21, 2010~~UNAUDITED) ~~To September 30, 2012~~

~~4. INTANGIBLES~~Note 3 — SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

OnRecent ~~February~~Accounting 1,Pronouncements ~~2012, the Company entered into an acquisition agreement~~ (~~the “Agreement”~~continued) with Oveldi Canada Ltd., a Canadian Corporation (“OVE”) whereby the Corporation acquired the rights to certain intellectual property for a proprietary software application called EviCAT©. In accordance with the terms and provisions of the Agreement, the Corporation acquired the rights to the intellectual property from OVE in exchange for the issuance of 14,000 shares of the Corporation’s restricted common stock. The shares of common stock were issued on February 27, 2012, and the transaction was valued at the fair market value of the Company’s common stock on the date of issuance of $10 per share, totaling $140,000. The software application has been identified as an intangible asset, with a useful life of five years. At the present time the Company is evaluating applications for the licensing of EviCAT© to third party users.

~~During~~The new ASU addresses preparer concerns that the ~~three~~scope of the disclosure requirements under ASU 2011-11 was overly broad and ~~nine~~imposed ~~month~~unintended ~~periods~~costs ~~ended~~that ~~September~~were ~~30,~~not ~~2012,~~commensurate ~~amortization~~with ofestimated ~~purchased~~benefits ~~intangible~~to ~~assets~~financial ~~included~~statement inusers. ~~operating~~In ~~expenses~~choosing ~~was~~to $7narrow the scope of the offsetting disclosures,~~000~~ the Board determined that it could make them more operable and ~~$16,333,~~cost ~~respectively,~~effective ~~compared~~for topreparers ~~NIL~~while instill giving financial statement users sufficient information to analyze the ~~same~~most ~~periods~~significant ofpresentation ~~fiscal~~differences ~~2011~~between financial statements prepared in accordance with U.S. GAAP and those prepared under

5IFRSs. ~~LICENSE~~ ~~AGREEMENT~~Like ~~AND~~ASU ~~DISCONTINUED~~2011-11, ~~OPERATIONS~~the amendments in this update will be effective for fiscal periods beginning on, or after January 1, 2013. The adoption of ASU 2013-01 is not expected to have a material impact on our financial position or results of operations.

OnNote 4 ~~December~~— ~~30,~~ACQUISITION ~~2010,~~OF ~~the~~OIL ~~Company~~AND ~~entered~~GAS into a stock exchange agreement (the “Stock Exchange Agreement”) with AquaSil, Inc., a New York corporation (“AquaSil”) and the sole stockholder of AquaSil. In accordance with the Stock Exchange Agreement, the Company acquired 100% of the total issued and outstanding shares of common stock of AquaSil in exchange for the issuance of an aggregate 70,000 shares of the Company’s common stock to the sole stockholder of AquaSil. As a result of this transaction, AquaSil became a wholly-owned subsidiary of the Company.PROPERTIES

~~The~~On ~~Company’s~~December ~~wholly owned subsidiary~~17, ~~AquaSil~~2012, ~~was incorporated in~~ the ~~State~~Company ofentered ~~New~~into ~~York~~two onagreements ~~September 21, 2010 to engage in~~ (the ~~business~~“Agreements”) ofwith ~~selling~~Quad ~~various~~Energy ~~water~~Corp., ~~and~~a ~~soft~~Nevada ~~drink~~Corporation ~~products~~(“Quad”) ~~and~~whereby ~~held~~we acquired a ~~licensing~~100% ~~agreement~~Working ~~for~~Interest ~~the~~and ~~sales~~Revenue ofInterests ~~the~~ranging ~~licensed~~from ~~products~~61. On96% ~~March 31, 2012, the Company divested itself of this wholly-owned subsidiary and determined not~~ to ~~continue~~70.5% in the ~~water business. Under the terms of divestiture~~2,800 ~~the~~acre ~~Company~~Cave ~~agreed~~Pool toProperty ~~return~~in ~~the~~Eddy ~~shares~~County, ofNew ~~AquaSil~~Mexico towhich ~~the~~includes ~~original shareholder~~ shut-in ~~return~~oil ~~for~~wells ~~the~~that ~~forgiveness~~had ofproduced ~~certain~~from ~~liabilities owned by~~ the ~~subsidiary~~Grayburg sands, with noan ~~further~~estimated ~~consideration. The~~51 ~~Company~~identified ~~has~~drilling ~~consolidated~~and ~~AquaSil~~recompletion ~~up to March 31~~locations, ~~2012. As~~ of ~~April 1, 2012, the Company no longer consolidates the accounts of AquaSil with the Company,~~ which is14 ~~presented~~are asproved ~~discontinued operations as of April 1, 2012.~~undeveloped

6and all of the production equipment on the Property including all of the pump jacks, storage tanks, and batteries. ~~ADVANCES~~ The ~~FROM~~Company’s ~~STOCKHOLDERS~~plan is to re-drill and bring production back online.

The consideration paid for the interests was by way of the issuance of a total of 12,000,000 shares of the common stock of the Company at a price of $1.60 per share which was the closing trade price of the shares on the date of the agreements, for a total value of $19,200,000. Asset retirement obligation associated with the acquisition was $1,175,635.

Due to the reserves acquired being considered shut-in and re-drilling required to produce, the acquired wells were considered undeveloped. Given the undeveloped nature of the property this was considered an asset acquisition.

The Company received reserve evaluation reports on its oil property in the Cave Pool field in Eddy County, New Mexico, USA from a third party. As a result of this review, management determined to impair the asset in order to reflect the value of the third party appraisal report.

The following table summarizes our capitalized costs for the purchase and development of our oil and gas properties for the periods ended March 31, 2013 and December 31, 2012:

	March 31, 2013		December 31, 2012
Proved undeveloped oil and gas properties	$	19,200,000	$	19,200,000
Capitalized asset retirement obligations		1,175,635		1,175,635
Total purchase and development costs, oil and gas properties		20,375,635		20,375,635
Allowance for impairment		(7,815,693)		(7,815,693)
Proved properties, net	$	12,559,942	$	12,559,942

When performing the full cost ceiling test as of December 31, 2012, the full cost ceiling of the proved reserves based on PV10 was less than the carrying value of proved properties. As a result, impairment was recorded for December 31, 2012 in the amount of $7,815,693. There was no further impairment resulting from March 31, 2013 full cost ceiling test.

F-9

MULTI-CORP INTERNATIONAL INC.

(A DEVELOPMENT STAGE COMPANY)

NOTES TO THE FINANCIAL STATEMENTS

(UNAUDITED)

Note 5 – ASSET RETIREMENT OBLIGATION

The Company has asset retirement obligations associated with the future plugging and abandonment of proved properties and related facilities. Under the provisions of FASB ASC 410-20-25, the fair value of a liability for an asset retirement obligation is recorded in the period in which it is incurred and a corresponding increase in the carrying amount of the related long lived asset. The liability is accreted to its present value each period, and the capitalized cost is depreciated over the useful life of the related asset. If the liability is settled for an amount other than the recorded amount, a gain or loss is recognized. The Company has no assets that are legally restricted for purposes of settling asset retirement obligations.

The following table summarizes the Company’s asset retirement obligation transactions recorded in accordance with the provisions of FASB ASC 410-20-25 during the three months ended March 31, 2013 and years ended December 31, 2012:

	March 31, 2013		December 31, 2012
Beginning asset retirement obligation	$	1,179,242	$	-
Liabilities incurred for new wells placed in production		-		1,175,635
Accretion of discount on asset retirement obligations		20,025		3,607
Ending asset retirement obligation	$	1,199,267	$	1,179,242

Note 6 – ADVANCES FROM STOCKHOLDERS

On February 3, 2011, the Company issued 70,000 shares of common stock in settlement of $700,000 of advances from principal stockholders.

~~The~~During ~~amount~~the offiscal ~~$143,046~~year atended ~~September~~December 3031, 2012, ~~(December~~the 31Company issued 74,970,997 ~~2011~~shares -of common stock at $~~218~~0.001 per share in settlement of $74,~~017)~~971 ~~consisted~~in advances from stockholders. The shares of ~~amounts~~common ~~owed~~stock towere valued at $0.19 per share, totaling $14,305,217, the ~~principal~~fair ~~stockholders~~market value of the ~~Company~~shares ~~for~~on ~~amounts~~the ~~advanced~~date toof ~~business operations~~settlement. The ~~amounts~~excess ~~are~~value ~~unsecured,~~was ~~non-interest~~recorded ~~bearing~~as ~~and~~a ~~due~~loss ontotaling ~~demand~~$14,230,246.

7A total of $143,046 reported on the Balance Sheet as at December 31, 2012 consisted of amounts owed to the principal stockholders of the Company for amounts advanced for business operations. ~~SHORT~~ The ~~TERM~~amounts ~~NOTES~~are unsecured, non-interest bearing and due on demand. Imputed interest at 8% has been expensed and recorded as additional paid in capital of $2,822 during the three months period ended March 31, 2013. There were no further advances in the current period ended March 31, 2013.

AsNote of7 ~~September 30, 2012, the Company owed $54,412 (December 31, 2011~~ – ~~$54,412)~~SHORT ofTERM short term notes. The amounts owing are unsecured, bear interest at 8% per annum, and are due on demand. During the three and nine month periods ended September 30, 2012, the Company recorded interest expense of $1,097 and $3,268, respectively, which amount is included with accounts payable and accrued liabilities on the consolidated balance sheets.NOTES

10a. Short term notes with 8% interest per annum:

As of March 31, 2013, the Company owed $59,765 (December 31, 2012 – $59,765) in short term notes. The amounts owing are unsecured, bear interest at 8% per annum, and are due on demand. During the three months ended March 31, 2013, the Company recorded interest expense of $1,179 (2012 - $1,287). As of March 31, 2013, accrued interest of $7,089 (December 31, 2012 - $5,910) was accrued within accounts payable and accrued liabilities on the consolidated balance sheets.

b.	Short term non-interest bearing notes

On March 4, 2013, the Company issued 42,000,000 shares of common stock at $0.001 per share in settlement of $42,000 in short term notes. The shares of common stock were valued at $0.025 per share, totaling $1,050,000, the fair market value of the shares on the date of settlement. The excess value was recorded as a loss totaling $1,008,000.

F-10

MULTI-CORP INTERNATIONAL INC.

(A DEVELOPMENT STAGE COMPANY)

NOTES TO THE ~~UNAUDITED~~ FINANCIAL STATEMENTS

~~For The Period from Inception~~ (~~September 21, 2010~~UNAUDITED) ~~To September 30, 2012~~

~~8 COMMON~~Note ~~STOCK~~7 – SHORT TERM NOTES (continued)

On May 22, 2012, the Board of Directors of the Company approved a reverse split of the current issued and outstanding shares of the Company on the basis of one (1) new share for each one-thousand (1,000) shares currently heldb. ~~All~~ ~~share~~Short ~~and~~term per share amounts used in the Company’s consolidated financial statements have been restated to reflect the 1000 for 1 reverse stock split. As of September 30, 2012, the issued and outstanding number of shares of common stock is 75,164,122 which amount includes roundingnon-upinterest ofbearing ~~shares~~notes ~~as a result of the reverse split.~~(continued)

OnDuring ~~February~~the ~~27,~~three ~~2012,~~months ~~the~~ended ~~Company~~March ~~issued~~31, 142013,~~000~~ ~~shares of~~ the ~~Corporation’s restricted common stock to Oveldi Canada Ltd. pursuant to the agreement whereby the~~ Company ~~acquired~~received ~~the~~funds ~~rights~~in to the ~~EviCAT©~~amount ~~software. The shares~~ of ~~common stock were valued at~~ $~~10 per share~~11,169 ~~totaling~~to ~~$140,000,~~settle ~~the~~certain ~~fair~~operating ~~market value of the shares on the date of issuance~~expenses.

As of March 31, 2013, the Company owed $62,156 (December 31, 2012 - $92,987) in non-interest bearing short term notes. The amounts are unsecured, non-interest bearing and due on demand.

Imputed interest at 8% has been expensed and recorded as additional paid in capital of $1,644 for the three months ended March 31, 2013.

Note 8 – COMMON STOCK

On December 20, 2010, the Company issued 70,000 shares of common stock to acquire one hundred percent of the total issued and outstanding shares of common stock of AquaSil Inc. under the stock exchange agreement.

On January 21, 2011, the Company amended its articles of incorporation to increase its authorized share capital from 100,000,000 to 500,000,000 shares of common stock.

On February 3, 2011, the Company issued 70,000 shares of common stock at $0.01 per share in settlement of $700,000 of advances from stockholders.

On February 27, 2012, the Company issued 14,000 shares of the Corporation’s restricted common stock to Oveldi Canada Ltd. pursuant to the agreement whereby the Company acquired the rights to the EviCAT© software. The shares of common stock were valued at $6.60 per share, totaling $92,400, the fair market value of the shares on the date of agreement.

On February 27, 2012, the Company issued a total of 25,000 shares to Robert Baker as consideration for management services from the date of his appointment as a director and officer to the date of issuance. The shares were valued at the market value of the common stock on the date of issue of $10 per share for total consideration of $250,000. The Company recorded the amount of $250,000 as stock-based compensation.

On February 27, 2012, the Company issued a total of 3,000 shares to a shareholder of the Company in settlement of advances made by the shareholder totaling $3,000. The shares of common stock were valued at $7.20 per share, totaling $21,600, the fair market value of the shares on the date of settlement. The excess value was recorded as a loss totaling $18,600.

On September 13, 2012, the Company issued 74,970,997 shares of common stock at $0.001 per share in settlement of $74,971 of advances from stockholders. The shares of common stock were valued at $0.19 per share, totaling $14,305,217, the fair market value of the shares on the date of settlement. The excess value was recorded as a loss totaling $14,230,246.

9On December 17, 2012, the Company issued 12,000,000 shares of the common stock of the Corporation at a price of $1. ~~RELATED~~60 ~~PARTY~~per ~~TRANSACTIONS~~share which was the closing trade price of the shares on the date of the agreements, for a total value of $19,200,000. These shares were issued for proved oil and gas properties and were capitalized with the acquisition.

~~The amount of $143,046 at September 30, 2012 (December 31, 2011~~ F- ~~$218,017) consisted of amounts owed to the principal stockholders of the Company for amounts advanced to business operations. The amounts are unsecured, non-interest bearing and due on demand.~~11

OnMULTI-CORP ~~February~~INTERNATIONAL 27, 2012, the Company issued a total of 25,000 shares to Robert Baker as consideration for management services valued at $250,000 from the date of his appointment as a director and officer to the date of issuanceINC.

On(A ~~September~~DEVELOPMENT ~~13,~~STAGE ~~2012, the Company issued 74,970,997 shares of common stock at $0.001 per share in settlement of $74,971 of advances from stockholders.~~COMPANY)

11NOTES TO THE FINANCIAL STATEMENTS

(UNAUDITED)

Note 8 – COMMON STOCK (continued)

On March 4, 2013, the Company’s former sole officer and director, Robert Alan Baker returned a total of 44,971,000 shares to treasury for cancelation, for no consideration in return.

As of March 31, 2013, the issued and outstanding shares of common stock are 84,193,765.

Note 9 – RELATED PARTY TRANSACTIONS

A total of $143,046 recorded on the Company’s Balance Sheet as Advances from Stockholders at March 31, 2013 (December 31, 2012 - $143,046) consisted of amounts owed to the principal stockholders of the Company for amounts advanced for business operations. The amounts are unsecured, non-interest bearing and due on demand. The Company imputed interest on this balance at 8%. Total imputed interest for the three months ended March 31, 2013 was $2,861.

Note 10 – SUBSEQUENT EVENTS

On May 13, 2013, the Company incorporated MCI Operating of NM, LLC as a wholly-owned subsidiary. The Company will undertake the operations of its oil and gas assets under this limited liability company.

On June 10, 2013 the Company issued a total of 3,000,000 shares, valued at market value as of the issuance date of$1.30 per share, to Quad Energy Corp. (“Quad”) in consideration for all of Quad’s interests in the Double X oil and gas leases located in New Mexico.

F-12

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

FORWARD-LOOKING STATEMENTS

This quarterly report contains forward-looking statements relating to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "intends", "expects", "plans", "anticipates", "believes", "estimates", "predicts", "potential", or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors which may cause our or our industry's actual results, levels of activity or performance to be materially different from any future results, levels of activity or performance expressed or implied by these forward-looking statements.

Such factors include, among others, the following: international, national and local general economic and market conditions: demographic changes; the ability of the Company to sustain, manage or forecast its growth; the ability of the Company to successfully make and integrate acquisitions; raw material costs and availability; new product development and introduction; existing government regulations and changes in, or the failure to comply with, government regulations; adverse publicity; competition; the loss of significant customers or suppliers; fluctuations and difficulty in forecasting operating results; changes in business strategy or development plans; business disruptions; the ability to attract and retain qualified personnel; the ability to protect technology; and other factors referenced in this and previous filings.

Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity or performance. Except as required by applicable laws, including the securities laws of the United States, we do not intend to update any of the forward-looking statements to conform these statements to actual results.

Given these uncertainties, readers of this Form 10-Q and investors are cautioned not to place undue reliance on such forward-looking statements. The Company disclaims any obligation to update any such factors or to publicly announce the result of any revisions to any of the forward-looking statements contained herein to reflect future events or developments.

All dollar amounts stated herein are in US dollars unless otherwise indicated.

The management’s discussion and analysis of our financial condition and results of operations are based upon our financial statements, which have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP"). The following discussion of our financial condition and results of operations should be read in conjunction with our audited financial statements on Form 10-K for December 31, ~~2011~~2012 together with notes thereto.

~~General~~Please ~~Development~~note ofthat ~~Business~~throughout this Quarterly Report, and unless otherwise noted, the words "we," "our," "us," the "Company" or "Multi-Corp International," refers to Multi-Corp International Inc.

Gray Creek Mining, Inc. was incorporated on August 10, 2006 under the laws of the state of Nevada. A Certificate of Amendment was filed with the Nevada Secretary of State, on November 7, 2008, changing the Company's name to BWI Holdings, Inc. On November 7, 2008, the Company also increased the authorized capital to 100,000,000 shares of common stock and 200,000,000 shares of preferred stock. A Certificate of Amendment was filed with the Nevada Secretary of State, on January 27, 2011, changing the Company's name to Aquasil International Inc. On May 22, 2012, the Board of Directors of the Company authorized a name change to Multi-Corp International Inc.On January 21, 2011, we amended our articles of incorporation to increase our authorized share capital from 100,000,000 to 500,000,000 shares of common stock.

Effective December 30, 2010, BWI Holdings, Inc., entered into a stock exchange agreement (the “Stock Exchange Agreement”) with Aquasil Inc., a New York corporation (“Aquasil”), and Ilya Khasidov, the sole shareholder of Aquasil (the “Aquasil Shareholder”). In accordance with the terms and provisions of the Stock Exchange Agreement, we acquired one hundred percent (100%) of the total issued and outstanding shares of common stock of Aquasil held of record by the Aquasil Shareholder in exchange for issuance of an aggregate 70,000 shares of our restricted common stock to the Aquasil Shareholder.

The Company’s wholly owned subsidiary, AquaSil, was incorporated in the State of New York on September 21, 2010 to engage in the business of selling various water and soft drink products. On March 31, 2012, the Company divested itself of this wholly-owned subsidiary and determined not to continue in the water business. The Company has consolidated AquaSil up to March 31, 2012. As of April 1, 2012, the Company no longer consolidates the accounts of AquaSil with the Company, which is presented as discontinued operations as of April 1, 2012.

On February 1, 2012, the Company entered into an acquisition agreement (the “Agreement”) with Oveldi Canada Ltd., a Canadian Corporation (“OVE”) whereby the Corporation will acquire the rights to certain intellectual property for a proprietary software application called EviCAT©. In accordance with the terms and provisions of the Agreement, the Corporation acquired the rights to the intellectual property from OVE in exchange for the issuance of 14,000 shares of the Corporation’s restricted common stock.

Effective June 22, 2012, the Company effected a reverse split of the issued an outstanding shares of the Company on the basis of 1000:1. All share and per share amounts used in the Company’s financial statements have been restated to reflect the 1000 for 1 reverse stock split.

Please note that throughout this Quarterly Report, and unless otherwise noted, the words "we," "our," "us," the "Company" or "Multi-Corp" refers to Multi-Corp International Inc.

Summary

The Company ~~intends~~with its recent acquisition of certain oil and gas assets located in New Mexico, has determined to pursue operations in the oil and gas business. However, the Company still holds the marketing and licensing of its proprietary software EviCAT which it acquired in February, 2012, but has no plans at this time to further that segment of its business.

Liquidity & Capital Resources

We are a development stage ~~company~~Company engaged in the ~~exploitation~~acquisition, exploration and development of ~~our~~oil ~~proprietary~~and ~~software~~gas projects. To ~~date~~As at March 31, 2013, we have not generated any revenues.

AsWe ~~of September 30, 2012, the Company~~ had no cash ~~and~~on ahand ~~working~~at ~~capital~~either ~~deficit~~March ~~of $476~~31,~~441~~ as2013 ~~compared~~or to December 31, ~~2011~~2012. Our ~~whereby~~total ~~the~~assets ~~Company~~as ~~has~~at noMarch ~~cash~~31, 2013 and aDecember ~~working~~31, ~~capital~~2012 ~~deficit~~were of $~~543~~12,~~852. Since inception~~559, ~~the Company has financed its working capital needs through advances from stockholders~~942. ~~The~~Our ~~Company~~assets ~~believes~~as itat ~~will~~March ~~require up to $1~~31,~~000,000~~ in2013 ~~order~~consist toof ~~meet its proposed business operations over~~ the ~~next~~valuation ~~twelve months. The Company requires $250,000 for operating expenses including but not limited to marketing and advertising~~ of ~~its~~our ~~software,~~oil ~~$250,000 for general~~ and ~~administrative~~gas ~~expenses~~working ~~and~~interest ~~$500,000 which will be allocated as follows: $240,000 for travel and promotional consideration, office expenses of $30,000 which were planned to start~~ in ~~June 2012, however, will start upon~~ the ~~Company~~Cave ~~raising~~Pool ~~the~~Unit ~~required capital, $180,000 for salaries of permanent administrative, managerial~~ and ~~software~~the ~~development~~equipment ~~staff~~on ~~and $50,000 for exploration of a break bulk terminal management software system~~site. We ~~The~~acquired ~~Company's~~these ~~future~~assets ~~liquidity~~in ~~requirements~~late ~~will be dependent upon the ability to raise financing either by debt or by equity through private placement transactions. Until such financing is obtained~~December, ~~it is the intent of stockholders to provide funds for professional fees related to maintaining the Company’s public reporting status~~2012.

~~The~~There ~~Company~~were isno asignificant ~~development~~changes ~~stage~~to ~~company~~our ~~and~~current istotal ~~dependent~~liabilities onfor ~~raising~~the ~~capital~~three tomonths ~~commence~~ended ~~principal~~March ~~operations.~~31, 2013 ~~The~~which ~~Company~~were ~~has~~$485,742, ~~not~~a ~~begun~~slight ~~operations~~decrease ofover ~~its~~December ~~acquired~~31, ~~business~~2012 current total liabilities of $491,540. The ~~has~~slight ~~incurred~~decrease was due to a ~~loss~~decrease ~~for~~in ~~the~~short ~~period~~term ~~and~~notes ispayable ~~dependent~~from on$152,753 ~~debt~~at ~~financing~~December ~~for~~31, ~~its~~2012 ~~operating~~to ~~cash~~$121,921 ~~flow. These~~at ~~circumstances~~March ~~raise~~31, ~~substantial~~2013 ~~doubt~~as ~~about~~we settled debt by the ~~Company’s~~issuance ~~ability~~of toshares; ~~continue~~the asdecrease was offset by a ~~going~~slight ~~concern~~increase in accounts payable from $195,741 at December 31, 2012 to $220,785 at March 31, 2013. Advances from stockholders remained constant for both periods at $143,046.

Management believes the Company’s ability to continue as a going concern is dependent on its ability to raise capital. At present, the Company has no commitments for any additional financing for operations, other than those fees which the Company expects to have provided to maintain its reporting status. Management is currently seeking financing through a possible private offering of common stock, which will be used to finance operations.5

13Our total liabilities were $1,685,019 at March 31, 2013 as compared to $1,670,782 as at December 31, 2012 brought about by an increase in our asset retirement obligation to $1,199,267 from $1,179,242 at December 31, 2012.

We will require $6,250,000 over the next twelve month period to further our business plan, of which approximately $5,700,000 will be allocated to the drilling of 10 wells on our oil and gas leases, with the remaining $550,000 allocated for expenses related to the payment requirements related to our oil and gas assets, our public reporting requirements and working capital.

We do not have the funding required to meet our ongoing obligations or to fund our planned development.

Our ability to meet our financial liabilities and commitments is dependent upon our ability to raise funding which we expect will be raised by the continued issuance of equity to new stockholders, the ability to borrow funds, and ultimately upon our ability to achieve and maintain profitable operations. There can be no assurance that financing will be available to us when needed or, if available, that it can be obtained on commercially reasonable terms.

The issuance of additional equity securities by us could result in a significant dilution in the equity interests of our current stockholder. Obtaining commercial loans, assuming those loans would be available, will increase our liabilities and future cash commitments.

Results of Operations

~~For~~We have changed our business plan with the ~~three~~acquisition ~~and~~of ~~nine~~oil ~~month,~~and ~~periods~~gas ~~ended~~assets ~~September~~in 30December, 2012 asby ~~compared~~the toCompany. We ~~the~~do ~~three~~not have any revenues and ~~nine~~have ~~month~~not ~~periods~~had ~~ended~~any revenue since inception on September 3021, ~~2011:~~2010.

~~Our~~We have operating ~~results~~losses of $55,058 for the three ~~and~~months ~~nine~~ended ~~month~~March ~~periods~~31, 2013 as compared to operating losses of $262,768 for the three months ended ~~September~~March 3031, 2012, ~~and~~The ~~2011~~substantial decrease in operating losses is mainly due to the fact that we had paid $250,000 in stock-based compensation expenses in the three months ended March 31, 2012 with no comparable expense for the comparable period ended March 31, 2013, as well as a decrease to other general and administrative expenses from ~~inception~~$256,718 which includes the $250,000 in stock based compensation (March 31, 2012) to ~~September~~$2,669 30(March 31, 2013). These reductions were offset by an increase in professional fees from $3,717 (2012) ~~are~~to ~~summarized~~$32,364 in the current three month period ended March 31, 2013 as ~~follows:~~well as $20,025 recorded as accretion of the discount asset retirement obligations in the current period, with no similar expense in the prior comparative period in 2012. In the three months ended December 31, 2012 we reported amortization of intangible assets with no comparable expense in the three months ended December 31, 2013.

	For the three months ended				For the nine months ended				From Inception
	September 30,				September 30,				to September 30,
	2012		2011		2012		2011		2012
Revenue	$	-	$	-	$	-	$	-	$	-
Professional fees	$	6,135	$	6,821	$	22,759	$	187,735	$	215,026
Amortization	$	7,000	$	-	$	16,333	$	-	$	16,333
Stock-based compensation	$	-	$	-	$	250,000	$	-	$	250,000
General and administration	$	5,510	$	1,202	$	16,979	$	17,321	$	36,475
Net operating loss	$	18,645	$	8,023	$	306,071	$	205,056	$	517,834

We have a net loss of $1,068,703 for the three months ended March 31, 2013 as compared to a net loss of $263,853 for the same period ended March 31, 2012. The significant increase in net losses is mainly related to a loss on debt extinguishment of $1,008,000 during the three month period ended March 31, 2013 as we settled certain debts with the issuance of shares of the Company with no comparable amount for the period ended March 31, 2012. Interest expense increased as well to $5,645 for the period ended March 31, 2013 from $1,085 (March 31, 2012).

~~Revenues~~Basic and diluted net loss per share was $0.01 for the three months ended March 31, 2013 compared to $0.00 for the three months ended March 31, 2012.

We do not have any revenues and have not had any revenue since inception on September 21, 2010.

Operating Expenses

For the three months ended September 30, 2012 and 2011, we incurred $18,645 and $8,023, respectively, in total operating expenses, a period-to-period increase of $10,622. The increase in total expense is primarily a result of the increase of $7,000 for amortization from nil and $4,308 for general and administration.

For the nine months ended September 30, 2012 and 2011, we incurred $306,071 and $205,056, respectively, in total operating expenses, a period-to-period increase of $101,015. The increase in total expenses is primarily a result of the increase of $250,000 for stock-based compensation and $16,333 for amortization, which is offset by a decrease of $164,976 for professional fees. The decrease in professional fees was related mainly to the fact that during 2011, the Company incurred substantial costs relating to the acquisition of AquaSil. Stock-based compensation for the nine month period ended September 30, 2012 was $250,000 compared to $Nil for the comparable period ended September 30, 2011

Interest expense for the three and nine months ended September 30, 2012 was $1,097 and $3,268, respectively with no comparative interest expense for the three and six months ended September 30, 2011.

Net Loss

Our net income (loss) for the three and nine months ended September 30, 2012 was $(19,742) and $(276,893), respectively, as compared to a net loss of ($8,253) and ($213,031), respectively, for the comparable three month and nine month periods ended September 30, 2011.

The Company has not yet generated any revenues and is only able to undertake limited operations until such time as sufficient funding can be raised for operations.

Off-Balance Sheet Arrangements

We have no off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to stockholders.

146

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

The Company is a smaller reporting company and is not required to provide this information.

ITEM 4. CONTROLS AND PROCEDURES

~~Evaluation~~We carried out an evaluation of ~~Disclosure~~the ~~Controls~~effectiveness of the design and ~~Procedures~~operation of our disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) as of March 31, 2013. This evaluation was carried out under the supervision and with the participation of our sole officer, Jean Mann, who is also the sole director. Based on her evaluation, she has concluded that these disclosure controls and procedures were not effective as of the Evaluation Date as a result of the material weaknesses in internal control over financial reporting.

~~Under~~Disclosure ~~the~~controls ~~supervision~~ and ~~with~~procedures ~~the participation of our management, including our principal executive officer and the principal financial officer,~~ are ~~responsible~~those ~~for conducting an evaluation of the effectiveness of the design and operation of our disclosure~~ controls and procedures, asthat ~~defined~~are indesigned ~~Rules~~to ~~13a-15(e)~~ensure ~~and 15d-15(e) under the Securities Exchange Act of 1934, as of the end of the quarterly period covered by this report. Disclosure controls and procedures means~~ that ~~the material~~ information required to be ~~included~~disclosed in ~~our~~Multi-Corp.’s ~~Securities~~reports ~~and~~filed ~~Exchange~~or ~~Commission~~submitted ~~reports~~under isthe Exchange Act are recorded, processed, summarized and reported within the time periods specified in the SEC's rules and forms. ~~relating~~Disclosure tocontrols ~~our~~and ~~company~~procedures include, ~~including~~without ~~any consolidating subsidiaries~~limitation, controls and ~~was~~procedures ~~made~~designed ~~known~~ to usensure bythat ~~others~~information ~~within~~required ~~those~~to ~~entities,~~be ~~particularly~~disclosed ~~during~~in the ~~period~~Company’s ~~when~~reports ~~this~~filed ~~report~~under ~~was~~the ~~being~~Exchange ~~prepared. Based~~Act onis ~~this~~accumulated ~~evaluation, our principal executive officer~~ and ~~principal~~communicated ~~financial~~to ~~officer~~management ~~concluded~~to asallow oftimely ~~the~~decisions ~~evaluation~~regarding ~~date~~required ~~that our~~ disclosure ~~controls and procedures were not effective as of September 30, 2012~~.

~~Changes~~As of March 31, 2013, Jean Mann assessed the effectiveness of the Company’s internal control over financial reporting based on the criteria for effective internal control over financial reporting established in Internal Control—Integrated ~~Over~~Framework ~~Financial~~issued ~~Reporting~~by the Committee of Sponsoring Organizations of the Treadway Commission (“COSO”) and SEC guidance on conducting such assessments.

~~There~~Material were no significant changes in our internal controls or in other factors that could significantly affect these controls subsequent to the evaluation date. We have not identified any significant deficiencies or material weaknesses in our internal controls, and therefore there were no corrective actions taken.Weaknesses

15Jean Mann has assessed the effectiveness of the Company’s internal control over financial reporting as of Evaluation Date and identified the following material weaknesses:

1. Certain entity level controls establishing a “tone at the top” were considered material weaknesses. As of March 31, 2013 we did not have an audit committee as the Company has one officer who is also the sole director. No independent expert has been appointed to the audit committee so that it is not controlled by one individual as it is presently. There is no policy on fraud. A whistleblower policy cannot be established given the small size of the organization.

2. Jean Mann’s override of existing controls is possible given the small size of the organization and lack of personnel.

3. There is no system in place to review and monitor internal control over financial reporting. The Company maintains an insufficient complement of personnel and outsources its accounting functions, therefore it does not have controls in place to carry out ongoing monitoring responsibilities and ensure effective internal control over financial reporting.

Notwithstanding the assessment that the Company’s internal control over financial reporting was not effective Jean Mann believes that the Company’s financial statements contained in its Quarterly Report on Form 10-Q for the three months ended March 31, 2013 fairly present its financial condition, results of operations and cash flows in all material respects.

There were no changes in the Company’s internal control over financial reporting during the nine months ended March 31, 2013 that have materially affected, or are reasonably likely to materially affect, the Company’s internal control over financial reporting.

Limitations on the Effectiveness of Internal Controls

Our management does not expect that our disclosure controls and procedures or our internal control over financial reporting will necessarily prevent all fraud and material error. Our disclosure controls and procedures are designed to provide reasonable assurance of achieving our objectives and our sole officer and director concluded that our disclosure controls and procedures are effective at that reasonable assurance level. Further, the design of a control system must reflect the fact that there are resource constraints, and the benefits of controls must be considered relative to their costs. Because of the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, within the Company have been detected. These inherent limitations include the realities that judgments in decision-making can be faulty, and that breakdowns can occur because of simple error or mistake. Additionally, controls can be circumvented by the individual acts of some persons, by collusion of two or more people, or by management override of the internal control. The design of any system of controls also is based in part upon certain assumptions about the likelihood of future events, and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions. Over time, control may become inadequate because of changes in conditions, or the degree of compliance with the policies or procedures may deteriorate.

PART II – OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

The Company is not a party to any legal proceedings and is not aware of any pending legal proceedings as of the date of this Form 10-Q.

ITEM 1A. RISK FACTORS

The Company is a smaller reporting company and is not required to provide this information.

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

~~Recent~~There ~~Sales~~were no unregistered securities to report which were sold or issued by the Company without the registration of ~~Unregistered~~these securities under the Securities: Act of 1933 in reliance on exemptions from such registration requirements, within the period covered by this report, which have not been previously included in an Annual Report on Form 10-K, a Quarterly Report on Form 10-Q or a Current Report on Form 8-K.

On September 13, 2012, the Company issued 74,970,997 shares of common stock at $0.001 per share in settlement of $74,971 of advances from stockholders

ITEM 3. DEFAULTS UPON SENIOR SECURITIES

The Company does not have any senior securities as of the date of this Form 10-Q.

ITEM 4. MINE SAFETY DISCLOSURES

Not Applicable

ITEM 5. OTHER INFORMATION

~~None~~On May 13,2013, the Company incorporated MCI Operating of NM, LLC as a wholly-owned subsidiary. The Company will undertake the operations of its oil and gas assets under this limited liability company.

ITEM 6. EXHIBITS

Exhibits:

Number	Description
3.1	Articles of Incorporation	Incorporated by reference to the Exhibits filed with the Form SB-2 filed with the SEC on December 15, 2007
3.1(i)	Amendment to Articles of Incorporation	Incorporated by reference to the Exhibits filed with the Form 8-K filed with the SEC on November 13, 2008
3.1(ii)	Amendment to Articles of Incorporation	Incorporated by reference to the Exhibits filed with the Form 8-K filed with the SEC on February 3, 2011
3.1(iii)	Amendment to Articles of Incorporation	Incorporated by reference to the Exhibits filed with the Form 8-K filed with the SEC on February 18, 2011
3.1(iv)	Amendment to Articles of Incorporation	Incorporated by reference to the Exhibits filed with the Form 8-K filed with the SEC on June 27, 2012
3.2	Bylaws	Incorporated by reference to the Exhibits filed with the Form SB-2 filed with the SEC on December 15, 2007
10.1	Stock Exchange Agreement between the Company, AquaSil, Inc. and Ilya Khasidov dated December 30, 2010	Incorporated by reference to the Exhibits attached to the Company's Form 8-K filed with the SEC on January 3, 2011
10.2	Acquisition Agreement between ~~MULTI-CORP~~the ~~INTERNATIONAL~~Company ~~INC.~~and ~~And~~ Oveldi Canada Ltd.	Incorporated by reference to the Exhibits attached to the Company's Form 8-K filed with the SEC on February 2, 2012
10.3	Asset Purchase Agreement to Acquire Oil and Gas Working Interest between the Corporation and Quad Energy Corp. dated December 17, 2012.	Incorporated by reference to the Exhibits attached to the Company's Form 8-K filed with the SEC on December 20, 2012
10.4	Asset Purchase Agreement to acquire equipment and oil inventory between the Corporation and Quad Energy Corp. dated December 17, 2012.	Incorporated by reference to the Exhibits attached to the Company's Form 8-K filed with the SEC on December 20, 2012
10.5	Assignment and Assumption Agreement between the Corporation and Quad Energy Corp. dated May 23, 2013	Incorporated by reference to the Exhibits attached to the Company’s Form 10-K filed with the SEC on January 23, 2014.
99.1	Preliminary Technical Analysis Report	Incorporated by reference to the Exhibits attached to the Company's Form 8-K filed with the SEC on January 14, 2013
99.2	Reserve and Economic Evaluation Report	Incorporated by reference to the Exhibits attached to the Company's Form 8-K filed with the SEC on March 6, 2013
31.1	Section 302 Certification - Principal Executive Officer	Filed herewith
31.2	Section 302 Certification - Principal Financial Officer	Filed herewith
32.1	Principal Executive Officer and Principal Financial Officer Certification Pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002	Filed herewith
101.INS	XBRL Instance Document	Filed herewith*
101.SCH	XBRL Taxonomy Extension Schema	Filed herewith*
101.CAL	XBRL Taxonomy Extension Calculation Linkbase	Filed herewith*
101.DEF	XBRL Taxonomy Extension Definition Linkbase	Filed herewith*
101.LAB	XBRL Taxonomy Extension Label Linkbase	Filed herewith*
101.PRE	XBRL Taxonomy Extension Presentation Linkbase	Filed herewith*

16* Furnished herewith. 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.

+ In accordance with SEC Release 33-8238, Exhibit 32.1 is being furnished and not filed.

SIGNATURES

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

		MULTI-CORP INTERNATIONAL INC.	~~MULTI-CORP INTERNATIONAL INC.~~
Date:	~~December~~March 512, ~~2012~~2014	By:	/s/ ~~Robert~~Jean ~~Baker~~Mann
		Name:	~~Robert~~Jean ~~Baker~~Mann
		Title:	Chief Executive Officer, President, ~~Secretary, Treasurer,~~ Chief Financial Officer, ~~and~~Secretary, ~~Director~~Treasurer ~~(Principal Executive Officer~~ and ~~Principal Financial Officer)~~Director

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