Attached files

file filename
EX-4.9 - WARRANT, DATED MARCH 10, 2010 WITH CRALE REALTY LLC - Parabel Inc.dex49.htm
EX-4.1 - FORM OF WARRANT - Parabel Inc.dex41.htm
EX-31.2 - RULE 13A-14(A) CERTIFICATION BY PRINCIPAL FINANCIAL OFFICER - Parabel Inc.dex312.htm
EX-10.2 - FORM OF SECURITIES PURCHASE AGREEMENT - Parabel Inc.dex102.htm
EX-32.1 - CERTIFICATION BY THE PRINCIPAL EXECUTIVE OFFICER TO 18 U.S.C. SECTION 1350 - Parabel Inc.dex321.htm
EX-32.2 - CERTIFICATION BY THE PRINCIPAL FINANCIAL OFFICER TO 18 U.S.C. SECTION 1350 - Parabel Inc.dex322.htm
EX-10.3 - SECURITIES PURCHASE AGREEMENT, DATED JUNE 29, 2010 WITH CNW - Parabel Inc.dex103.htm
EX-10.53 - SECURED TERM NOTE, DATED DECEMBER 10,2010 - Parabel Inc.dex1053.htm
EX-10.49 - SECURED TERM NOTE, DATED FEBRUARY 24, 2011 - Parabel Inc.dex1049.htm
EX-10.52 - SECURED TERM NOTE, DATED JANUARY 3, 2011 - Parabel Inc.dex1052.htm
EX-10.50 - SECURED TERM NOTE, DATED FEBRUARY 11, 2011 - Parabel Inc.dex1050.htm
EX-10.48 - SECURED TERM NOTE, DATED MARCH 23, 2011 - Parabel Inc.dex1048.htm
EX-10.51 - SECURED TERM NOTE, DATED JANUARY 21, 2011 - Parabel Inc.dex1051.htm
EX-10.10 - SECURITIES PURCHASE AGREEMENT, DATED MARCH 1, 2010 WITH CRALE REALTY LLC - Parabel Inc.dex1010.htm
EX-10.54 - SECURED TERM NOTE, DATED NOVEMBER 19, 2010 - Parabel Inc.dex1054.htm
10-K - FORM 10-K - Parabel Inc.d10k.htm
EX-4.2 - WARRANT, DATED JUNE 29, 2010 WITH CNW INVESTMENT COMPANY LLC - Parabel Inc.dex42.htm

EXHIBIT 31.1

CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER

I, John S. Scott, certify that:

 

1. I have reviewed this Annual Report on Form 10-K for the year ended December 31, 2010 of PetroAlgae, Inc.;

 

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

 

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

 

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

 

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

 

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

 

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

 

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


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

 

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

 

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

Date: March 31, 2011

/s/ John S. Scott

Name:

  John S. Scott

Title:

 

Chief Executive Officer

(Principal Executive Officer)