The Company was incorporated under the laws
of the State of Nevada on June 28, 2006 under the name of Patterson Brooke Resources Inc. with the authorized common stock of 200,000,000
shares at $0.001 par value. On February 14, 2008, the shareholders approved the increase of the authorized share capital from 200,000,000
shares at $0.001 par value to 600,000,000 shares at $0.001 par value.
On April 7, 2010, the Company amended its Articles
of Incorporation to change its corporate name from Patterson Brooke Resources Inc. to Cleantech Transit, Inc..
Originally the Company was organized for the
purpose of acquiring and developing mineral properties. The Company has decided to allow the Alice claim to lapse without renewing
it on May 24, 2010. Therefore, the Company is no longer a pre-exploration stage company but is now considered a development stage
company as defined under FASB ASC 915, and commenced operations in the public and private transportation bus and coach industries,
providing high quality engineered modern eco-friendly vehicles in a cost conscious and environmentally sustainable manner.
On July 11, 2011 the Company formed Cleantech
Energy, Inc. as a wholly owned subsidiary. There has been no activity in this entity.
On July 14, 2011 the Company amended its articles
of incorporation increasing its authorized capital stock to 610,000,000 consisting of 600,000,000 shares of common stock with a
par value of $0.001 per shares and 10,000,000 shares of preferred stock with a par value of $0.001.
On July 25, 2011 the Company formed Cleantech
Exploration Corp. as a wholly owned subsidiary. There has been no activity in this entity.
On August 23, 2011 the Company designated 5,000,000
of the 10,000,000 preferred shares as Series A Convertible preferred. These share have a conversion right of 10 shares
of common for each share of preferred, a voting right as a class, and liquidation preference valuation of $0.50 per share.