On June 23, 2009, Sea 2 Sky Corporation ("SSKY") entered into an Assignment Agreement (Assignment) with James Forest Products LLC (JFP). JFP is a Limited Liability Corporation organized in accordance with the laws of the Lummi Nation, located within the United States of America and is owned and controlled by Henry V. James, a registered Lummi Nation tribal member. Mr. James is a director of SSKY and serves as the Chairman of the Board of Directors of SSKY.

As part of the Assignment, JFP has granted and assigned to SSKY its interest in a fiber basket owned by JFP for consideration of One Dollar ($1.00). The fiber basket consists of a defined volume of available wood materials.

JFP has access to such fiber basket through the Memorandum of Understanding (MOU) it has entered into with Des Wilson Forestry Ltd., of New Zealand on June 23, 2009. The final legal arrangement between JFP and Des Wilson Forestry Ltd.is dependent upon the completion of due diligence by both parties

The MOU provides for an allowable annual cut or availability of Biomass through sawmill residue such as sawdust, shavings, hogfuel, wood chips, Pulp Logs and/or residuals from logging operations) of an initial 250,000 tons per year and provides that it can be increased to 500,000 tons within 2 years of commencing the project.

Tenure of ownership is either a long term lease, license, outright ownership or hereditary rights of ownership of at least 15 years.

Press Release

The information in this Item 7.01 of this Current Report is furnished pursuant to Item 7.01 and shall not be deemed "filed" for any purpose, including for the purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that Section. The information in this Current Report on Form 8-K shall not be deemed incorporated by reference into any filing under the Securities Act or the Exchange Act regardless of any general incorporation language in such filing.

On June 23, 2009, SSKY issued a press release. The text of the press release is attached herewith as Exhibit 99.1.

(d) Exhibits. The following is a complete list of exhibits filed as part of this Report. Exhibit numbers correspond to the numbers in the exhibit table of Item 601 of Regulation S-K.

        Exhibit No.                                   Description


           10.1                Assignment Agreement, dated June 23, 2009.
           10.2                Memorandum of Understanding, date June 23, 2009
           99.1                Press Release, dated June 23, 2009