As filed with the Securities and Exchange Commission on April 28, 2011 Registration No. 333-169732 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 AMENDMENT 3 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ORIGINAL SOURCE ENTERTAINMENT, INC. (Exact name of Registrant as specified in its charter) <s> <c> <c> Nevada 2741 27-0863354 (State or other jurisdiction of (Primary Standard Industrial (I.R.S. Employer incorporation or organization) Classification Code) Identification No.) 8201 South Santa Fe Drive #229 Littleton, Colorado 80120 Telephone: 303-495-3728 (Address and telephone number of Registrant's principal executive offices) Lecia L. Walker Original Source Entertainment, Inc. 8201 South Santa Fe Drive #229 Littleton, Colorado 80120 Telephone: 303-495-3728 (Name, address, including zip code, and telephone number, including area code, of agent for service) With copies to: Jody M. Walker Attorney at Law 7841 S. Garfield Way Centennial, Colorado 80122 Telephone: (303)850-7637 Facsimile: (303)482-2731 Approximate date of commencement of proposed sale to the public: From time to time after the effective date of this registration statement. If any of the securities being registered on this form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, please check the following box: [x] If this form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. [ ] If this form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. [ ] 2 If this form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. [ ] If delivery of the prospectus is expected to be made pursuant to Rule 434, please check the following box: [ ] Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non accelerated filer, or a small reporting company. Large accelerated filer [ ] Accelerated filer [ ] Non-accelerated filer [ ] Smaller reporting company [x] CALCULATION OF REGISTRATION FEE TITLE OF EACH CLASS OF AMOUNT PROPOSED PROPOSED AMOUNT OF SECURITIES TO BE TO BE MAXIMUM MAXIMUM REGISTRATION REGISTERED REGISTERED OFFERING PRICE AGGREGATE FEE PER SHARE OFFER PRICE <s> <c> <c> <c> <c> Common Stock(1) 10,000,000 $ .05 $500,000 $35.65 Common Stock(2) 1,500,000 $ .05 75,000 5.35 ---------- -------- ------ Total 11,500,000 $575,000 $41.00 (1) Estimated pursuant to Rule 457(c) under the Securities Act of 1933 solely for the purpose of computing the amount of the registration fee. (2) Represents common stock being sold on behalf of selling security holders The registrant hereby amends this registration statement on such date or dates as may be necessary to delay its effective date until the registrant shall file a further amendment which specifically states that this registration statement shall thereafter become effective in accordance with Section 8(a) of the Securities Act of 1933 or until this registration statement shall become effective on such date as the Commission, acting pursuant to said Section 8(a), may determine. Explanatory Note This registration statement relates to the public offering by the registrant contemplated by the registration statement on Form S-1, registration number 333-169732 and is being filed for the sole purpose of updating the legal opinion regarding the common shares being registered in the offering. The contents of registration statement no. 333-169732, including amendments are hereby incorporated herein by reference. 3 SIGNATURES In accordance with the requirements of the Securities Act of 1933, Original Source Entertainment, Inc. certifies that it has reasonable grounds to believe that it meets all of the requirements of filing on Form S-1 and authorized this registration statement to be signed on its behalf by the undersigned, in the City of Littleton, State of Colorado on the 28th day of April, 2011 Original Source Entertainment, Inc. By: /s/ Lecia L. Walker ------------------- Lecia L. Walker, President In accordance with the requirements of the Securities Act of 1933, this registration statement was signed by the following persons in the capacities and on the dates stated. By: /s/Lecia L. Walker Dated: April 28, 2011 ---------------------- Lecia L. Walker, CEO, CFO Controller, Director By: /s/E. Lynn Atwood Dated: April 28, 2011 ---------------------- E. Lynn Atwood, Director Exhibit Description ------- ----------- 3 Articles of Incorporation, amendments to and By-Laws incorporated by reference to Form S-1 filed November October 4, 2010 5 Consent and Opinion of Jody M. Walker, Attorney at Law, regarding the legality of the securities being registered 10 License and Assignment Agreement dated August 21, 2009 incorporated by reference to Form S-1 filed November October 4, 2010 11 Statement of Computation of Per Share Earnings This Computation appears in the Financial Statements. 23 Consent of Certified Public Accountant.