UNITED
STATESSECURITIES AND EXCHANGE COMMISSIONWashington,
D.C. 20549

_________________

FORM
10-K

_________________

S     ANNUAL
REPORT PURSUANT TO SECTION 13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934

For
the fiscal year ended: _______________

or

o     TRANSITION
REPORT PURSUANT TO SECTION 13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934

For
the transition period from: _____________ to _____________

_________________

360 Global Investments

(Exact
name of registrant as specified in its charter)

_________________

|Nevada                            | 0001124019   | 93-0231440         
|--------------------------------- | ------------ | -------------------
|(State or Other Jurisdiction      | (Commission  | (I.R.S. Employer   
|of Incorporation or Organization) | File Number) | Identification No.)

8439 Sunset Boulevard, Suite 402,
West Hollywood, CA 9069(Address of Principal Executive Offices) (Zip Code)

(310) 777 8889(Registrant’s
telephone number, including area code)

Securities
registered pursuant to Section 12(b) of the Act:

Title
of each className of each exchange on which registered

Securities
registered pursuant to Section 12(g) of the Act:

Title
of each className of each exchange on which registered

_________________

Indicate
by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405
of the Securities Act.     Yes  o     No  þ

Indicate
by check mark if the registrant is not required to file reports pursuant to Section 13 or
Section 15(d) of the Act.     Yes  o     No  þ

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  o     No  þ

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 (§229.405 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  o     No  þ

Indicate
by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (§229.405
of this chapter) is not contained herein, and will not be contained, to the best of
registrant’s knowledge, in definitive proxy or information statements incorporated
by reference in Part III of this Form 10-K or any amendment to this Form 10-K.     Yes  o     No  þ

Indicate
by check mark whether the registrant is a large accelerated filer, an accelerated filer,
a non-accelerated filer, or a smaller reporting company.

|Large accelerated filer  o | Accelerated filer  o | Non-accelerated filer  o | Smaller reporting company  S
|-------------------------- | -------------------- | ------------------------ | ----------------------------

Indicate
by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the
Act).     Yes  o     No  þ

State
the aggregate market value of the voting and non-voting common equity held by
non-affiliates computed by reference to the price at which the common equity was last
sold, or the average bid and asked price of such common equity, as of the last business
day of the registrant’s most recently completed second fiscal quarter.

Note.—If a determination
as to whether a particular person or entity is an affiliate cannot be made without involving unreasonable effort and expense, the aggregate market value of the common stock
held by non-affiliates may be calculated on the basis of assumptions reasonable under the circumstances, provided that the assumptions are set forth in the Form.

APPLICABLE
ONLY TO REGISTRANTS INVOLVED IN BANKRUPTCYPROCEEDINGS DURING THE PRECEDING FIVE YEARS:

Indicate
by check mark whether the registrant has 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  o     No  þ

(APPLICABLE
ONLY TO CORPORATE REGISTRANTS

Indicate
the number of shares outstanding of each of the registrant’s classes of common
stock, as of the latest practicable date. 8,619,389

DOCUMENTS INCORPORATED BY REFERENCE

List hereunder the following documents if incorporated by reference and the Part of the Form 10-K (e.g., Part I,
Part II, etc.) into which the document is incorporated: (1) Any annual report to security holders; (2) Any proxy or information statement; and (3) Any prospectus
filed pursuant to Rule 424(b) or (c) under the Securities Act of 1933. The listed documents should be clearly described for identification purposes (e.g., annual report to security holders
for fiscal year ended December 24, 1980).







1







PART
I

|Item 1.  | Business                                            | 4 
|-------- | --------------------------------------------------- | --
|Item 1A. | Risk Factors                                        | 12
|Item 1B. | Unresolved Staff Comments                           | 14
|Item 2.  | Properties                                          | 14
|Item 3.  | Legal Proceedings                                   | 14
|Item 4.  | Submission of Matters to a Vote of Security Holders | 15

PART
II

|Item 5.     | Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer
     Purchases of Equity Securities | 16
|----------- | ----------------------------------------------------------------------------------------------------------------- | --
|Item 6.     | Selected Financial Data                                                                                           | 18
|Item 7.     | Management’s Discussion and Analysis of Financial Condition and Results of Operations                             | 18
|Item 7A.    | Quantitative and Qualitative Disclosures About Market Risk                                                        | 23
|Item 8.     | Financial Statements and Supplementary Data                                                                       | 25
|Item 9.     | Changes in and Disagreements With Accountants on Accounting and Financial Disclosure                              | 25
|Item 9A.    | Controls and Procedures                                                                                           | 25
|Item 9A(T). | Controls and Procedures                                                                                           | 25
|Item 9B.    | Other Information                                                                                                 | 26

PART
III

|Item 10. | Directors, Executive Officers and Corporate Governance                                         | 27
|-------- | ---------------------------------------------------------------------------------------------- | --
|Item 11. | Executive Compensation                                                                         | 29
|Item 12. | Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters | 30
|Item 13. | Certain Relationships and Related Transactions, and Director Independence                      | 32
|Item 14. | Principal Accounting Fees and Services                                                         | 32

|Audit Fees         | 32
|------------------ | --
|Audit-Related Fees | 32
|Tax Fees           | 32
|All Other Fees     | 32

PART
IV

|Item 15. | Exhibits, Financial Statement Schedules | 36 (F-1)
|-------- | --------------------------------------- | --------



2







PART I.



CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING
INFORMATION



Under the Private Securities Litigation
Reform Act of 1995, companies are provided with a “safe harbor” for making forward-looking statements about the potential
risks and rewards of their strategies. Some of the statements contained in this Annual Report on Form 10-K are forward-looking
statements about 360 Global Investments (“we,” “us”, "360 Global", the "Debtor", or
the “Company”), including but not limited to those specifically identified as such, that involve risks and uncertainties.
The statements contained in the Report on Form 10-K that are not purely historical are forward looking statements within the
meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act, including, without limitation, statements regarding
our expectations, beliefs, intentions or strategies regarding the future. In some cases, you can identify forward-looking statements
by terminology such as “may,” “will,” “should,” “expects,” “plans,”
“anticipates,” “believes,” “estimates,” “predicts,” “potential” or
“continue” or the negative of these terms or other comparable terminology.



Our ability to achieve our goals depends
on many known and unknown risks and uncertainties, including risks and uncertainties specific to our Company, our Chapter 11 filing,
our industry, and changes in general economic and business conditions. These factors could cause our actual performance and results
to differ materially from those described or implied in forward-looking statements. Although we believe that the expectations reflected
in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements.
Moreover, neither we nor any other person can assume responsibility for the accuracy and completeness of such statements.



All forward-looking statements included
in this Report on Form 10-K are based on information available to us on the date hereof, and we assume no obligation to update
any such forward-looking statements, beyond those obligations required by law.



Other Information



On March 7, 2007 (the “Petition Date”), 360 Global
and its wholly owned subsidiary 360 Viansa ("360 Viansa" or "Viansa") filed voluntary petitions for reorganization
under Chapter 11 of the United States Bankruptcy Code (the “Bankruptcy Code”) in the United States Bankruptcy
Court for the District of Nevada (the “Bankruptcy Court”). No assurance can be given as to what values, if any, will
be ascribed in our bankruptcy proceedings to our various pre-petition liabilities, common stock and other securities. As of the
date of the Chapter 11 filing, all pending litigation (including actions described below) is stayed, and absent further order
of the Bankruptcy Court, no party, subject to certain exceptions, may take any action, also subject to certain exceptions, to recover
on pre-petition claims against us. It is not possible to predict the outcome of the Chapter 11 proceedings or their effect
on our business. On December 21, 2007, 360 Viansa’s Disclosure Statement and Plan of Reorganization (“Viansa Plan”)
was confirmed by United States Bankruptcy Court for the District of Nevada. As of December 31 2007, all lawsuits and liabilities
were settled through the Bankruptcy Court and except as otherwise disclosed herein, the Company is not aware of any other material
legal proceedings against the Company.



Subsequent Events



On December 12, 2007, 360 Global’s
Disclosure Statement and Plan of Reorganization (“Global Plan”) was confirmed by United States Bankruptcy Court for
the District of Nevada.

The Viansa Plan and the Viansa Confirmation
Order can be found Exhibit 33.1. The Global Plan and the Global Confirmation Order can be found in Exhibit 34.1.



3







ITEM 1. BUSINESS



Overview



360 Global is a publicly traded investment holding company
that has invested in a number of diverse business activities and that has targeted a number of industries for future investment.
360 Global is domiciled in the state of Nevada and its corporate headquarters are located in Los Angeles, CA.



360
Global has invested in or plans to invest in the following industries:





·Alcoholic beverage brands focused in the wine category;

·       
Mining, mineral extraction, and processing;

·       
Biotechnology and medical diagnostic systems;

·       
Oil and Gas exploration, production, and distribution;

·       
Residential Real Estate;

·       
Aviation and aircraft manufacturing;

·       
Investment banking services;

·       
Financial Services;

·       
Stock brokerage and Money Management;

·       
Entertainment and Media;

·       
Formula One Racing;

·       
Spectator Events-Aircraft and Rocket Racing;

·       
Film and Television Production;

·       
Music Production and Distribution;

·       
Broadcast Media;

·       
Vacation Properties;

·       
Timeshare Properties and Property Management;

·       
Energy Market;

·       
Electricity Trading and Marketing to commercial and residential customers.





As approved by the Bankruptcy Court in the Viansa Plan and
Disclosure Statement, Viansa and the Texas Property are being sold including the residential real estate, the mining operations,
as well as the mineral rights. Viansa was sold to Laurus Master Fund, Ltd. (“Laurus”) in December of 2007 for a total
of $40,667,075. The sale resulted in a total discharge of Global’s debt. Global's residual interest in the Texas Property
was limited to $250,000 with any excess proceeds from disposal going to the Global Trust for the benefit of the creditors.



As approved by the Bankruptcy Court in the Global Plan and
Disclosure Statement, Reorganized Global’s business plan is made up of two activities. First, undertaking the administrative,
accounting, SEC related, and all other work necessary to prepare and file updated financial statements and annual and quarterly
reports with the SEC and any other governmental organizations, in order to re-establish Reorganized Global as a fully reporting
public company and re-list its common stock on a nationally recognized stock exchange or market quotation system. In order to accomplish
this goal, Reorganized Global’s plan is to complete the following SEC filings (among other filings and reports), which Reorganized
Global will complete as soon as practical taking into account the general economic climate:



10K annual report and audit for the year ended December 31st
2007

10Q for the 1st quarter of 2008

10Q for the 2nd quarter of 2008

10Q for the 3rd quarter of 2008

10K annual report and audit for the year ended December 31st
2008

10Q for the 1st quarter of 2009

10Q for the 2nd quarter of 2009

10Q for the 3rd quarter of 2009

4







10K annual report and audit for the year ended December 31st
2009

10Q for the 1st quarter of 2010

10Q for the 2nd quarter of 2010

10Q for the 3rd quarter of 2010

10K annual report and audit for the year ended December 31st
2010

10Q for the 1st quarter of 2010

10Q for the 2nd quarter of 2010

10Q for the 3rd quarter of 2010

10K annual report and audit for the year ended December 31st
2010

10Q for the 1st quarter of 2011

10Q for the 2nd quarter of 2011

10Q for the 3rd quarter of 2011

10K annual report and audit for the year ended December 31st
2011

10Q for the 1st quarter of 2012

10Q for the 2nd quarter of 2012



The second activity is to conduct the appropriate search,
perform the necessary analysis, negotiate a price and structure, plan the financing, and raise the necessary capital to acquire
an operating business or effect a merger or acquisition, or capital stock exchange, asset acquisition, or other similar business
combination with an operating business. The business going forward shall not be inconsistent with the business prior to filing
for Chapter 11. However, Reorganized Global is not necessarily limited to a particular industry. Nevertheless, management of Global
has initially focused on the same sectors. As of the first quarter of 2012, efforts have been limited to exploring financing and
acquisition opportunities with the intent to maximize the value of the business for Reorganized Global’s Creditors and new
equity interest holders. Global’s efforts in identifying a prospective target business have been ongoing since January 2008.
Global has examined over 100 business opportunities including a wide range of detailed discussions with financing and management
partners.



The subsequent 2009 global recession caused delays in the
first and second activities.



Subsequent Events



Pursuant to the Viansa Plan, on March 27, 2008, 360 Global
sold the Texas Property (properties related to the mining, and mineral extraction, mineral processing, residential real estate,
and vacation properties) to the City of Granite Shoals and the Christ Redeemer Fellowship and received $250,000.



Authorization of Common Stock



As of December 31, 2007,
360 Global has 100,000,000 shares of Common Stock authorized at .001 par value with 8,619,389 issued and outstanding. All
common stock and warrants were subsequently cancelled pursuant to the Global Plan confirmed by the Bankruptcy Court.



Subsequent Events:



In December of 2008, the Bankruptcy
Court confirmed the Global Plan, ordering that all Global pre-confirmation equity interests be cancelled and that the Board of
Directors of Reorganized Global shall be authorized to amend the Articles of Incorporation and Bylaws to authorize the issuance
of fifty million shares of New Common Stock. The Board of Directors shall determine in their discretion the rights, privileges
and restrictions granted or imposed on such shares.



The New Common Stock is to be issued
pursuant to the Global Plan in reliance upon an exemption from the registration requirements of the Securities Act of 1933, as
amended (the "Securities Act"), and of state and local securities laws afforded by Section 1145 of the Bankruptcy Code,
Reorganized Debtor's new common stock to be issued pursuant to the confirmed Global Plan need not be registered under the Securities
Act or any state or local securities laws.



5









Authorization of Preferred Stock



Subsequent Events:



In December of 2008, the Bankruptcy
Court confirmed the Global Plan, ordering that all Global pre-confirmation equity interests be cancelled and that the Board of
Directors of Reorganized Global shall be authorized to amend the Articles of Incorporation and Bylaws to authorize the issuance
of ten million shares of Preferred Stock. The Board of Directors shall determine in their discretion the rights, privileges and
restrictions granted or imposed on such shares.



The New Preferred Stock is to be issued
pursuant to the Global Plan in reliance upon an exemption from the registration requirements of the Securities Act of 1933, as
amended (the "Securities Act"), and of state and local securities laws afforded by Section 1145 of the Bankruptcy Code,
Reorganized Debtor's new common stock to be issued pursuant to the confirmed Global Plan need not be registered under the Securities
Act or any state or local securities laws.





Business Segments



We do not segment the business internally
beyond the reporting of consolidated and subsidiary financial performance.





2007 Business Operations



During the course of 2007, 360 Global
restructured all its business including its subsidiary 360 Viansa, a Sonoma-based vineyard and tourist destination. From 2001 to
2002, Viansa was one of the premier destinations in Sonoma, CA with annual sales of approximately $20,000,000 per year. During
2006 and 2007 Viansa was starved of capital and in March of 2007 Mr. Anthony John. A. Bryan, Jr. ("Bryan") was appointed
Chief Executive Officer immediately prior to the bankruptcy filing. The situation at Viansa was dire and the company had only $300
left in the bank account. Viansa was insolvent; there was no cash, no food in the Viansa food market, no merchandise for sale in
the marketplace, and the national wine club had stopped shipping to its 9,000 members. Viansa did not have the funds to make payroll
at the end of March 2007. All of Viansa’s suppliers had stopped delivering goods and services. The garbage was building up
on the property because Waste Management would no longer collect waste and employees were forced to fill pickup trucks with garbage.



Laurus was the secured lender. They
told management they estimated the value of the Viansa estate had dropped to between $8,000,000 and $12,000,000 in March 2007.
Laurus did not foreclose because they were so far underwater.



By the end of November, 2007, the Viansa
Plan was filed and Viansa was sold for a total of $40,667,075. During the turnaround, monthly sales increased by 438%.





Filing for Chapter 11



On March 7th, 2007, the Company
filed a voluntary petition for relief with the Bankruptcy Court under the Bankruptcy Code 11.



Following are summaries of the problems
encountered by new management, the remedial actions new management implemented, and the results achieved.





6







Problems encountered by new management



The wine club was collapsing



Viansa had one of the largest wine clubs
in the nation. In March, the Viansa Tuscan Wine Club was collapsing. The company had not made monthly wine club shipments since
December 2006. The 2006 Christmas gifts that had been paid for by customers in November and December of 2006 had not been shipped.
The number of people resigning from the club was approximately 2,000 members per month.



No merchandise



Viansa had always been famous for selling
great food products, merchandise, wine, and gifts. In March of 2007, none of this was available at the marketplace any longer.
The shelves of the marketplace were filed with wine bottles to hide the lack of inventory.



Visitors and tourists were not coming
any longer



Daily number of visitors to the vineyard
and marketplace was to a trickle. Most of the tour groups and limousines had stopped bringing visitors and tourists.



Weddings and special events



Viansa was one of the top wedding destinations
in the state of California. However, weddings and special events had suffered as well. Viansa had 60 weddings scheduled for 2007.
As soon as those who booked these weddings heard we were in bankruptcy, we were inundated with cancelation requests. The former
management had devastated customers for special events by taking all the deposits for the more than 60 booked weddings and spent
the money before Bryan was appointed Chief Executive Officer.



Grape Growers and Litigation threatened
Viansa’s very existence



The Viansa grape growers had not been
paid since the spring of 2006. The farmers and their families were devastated. Crops were harvested, and delivered to Viansa, but
were never paid for. Viansa’s growers were forced to borrow money and get by as best they could. By March of 2007, they were
all on the verge of leaving Viansa and we were confronted with growers that wanted to declare their contracts void and sell their
grape crops elsewhere. Under California law farmers retain a first priority lien over Viansa’s assets until they are paid
for agricultural products. Had the growers proceeded with their intended plans, they would have destroyed one of Viansa biggest
assets; Viansa’s unique Italian varieties of wines. We worked hard to regain the growers' confidence and paid them in full
within 100 days of filing for Chapter 11.



Landlord of production facility filed
in the bankruptcy court to evict us



Viansa had a 60,000 square foot production
facility in Sonoma, 3 miles from the vineyard. The wine was fermented, produced, barreled, and bottled at this location. The landlord
of this winemaking facility filed a suit on March 1st, 2007 to evict us from the premises because former management
had not paid rent in over 8 months and the landlord wanted us out “no matter what” by March 31st,2007 (we
got three week’s notice). Had this eviction been successful, Viansa would have lost its winemaking facility, and worse, lost
its Alcohol and Tobacco Tax and Trade Bureau (“TTB”) permit as a winemaker. This would have forced us to close the
Sonoma marketplace and public tasting room as well as stop shipping wine to the approximately 8,000 Viansa wine club members every
month in 38 states across the US. It would have basically shut down the national wine club and stopped all revenues. Our regulatory
lawyer said “We would be out of business for about 9 months until new permits were issued by the TTB”.



Problems with the County



The County of Sonoma sued Viansa in
February 2007 demanding to revoke Viansa’s operating license and put the Company completely out of business because of permitting
violations and other violations of the Americans with Disabilities Act (ADA) regulations which had been ignored by previous management
for years. The new management team cooperated with the County and rectified all the violations and as a result, the County decided
to withdraw the suit.



7







The wine club customer service



The customer service department was
receiving over 1,000 calls per week from angry wine club members wanting to resign. The customer service staff did an excellent
job handling the complaints and minimized resignations. However, during the first and second quarter of 2007, the wine club was
losing over 2,000 members per month because customers were charged for orders which were never shipped or delivered.



By June of 2007, the new management
had shipped every late order. By the 4th quarter, customer service was down to only about 25 complaints a week and resignations
were below 2% per month.





Turnaround Remedial Actions Implemented
by New Management



Restoring cash flow



New management cut over $600,000 of
monthly recurring cost in the first 2 weeks after filing for Chapter 11. Viansa was restored to positive operating profit in the
first 3 months by reducing layers of management, closing offices, cutting staff, replacing merchandize, and shipping overdue orders
to customers. Out of nearly 125 employees, over 50 were laid off or replaced in the first 12 weeks. The recruiting effort was done
internally and resulted in dramatic improvement in moral, customer service, and performance.



The wine club



Within 90 days, The Tuscan Club started
growing by over 5% per month. It went from a low of 9,000 members to over 12,000 members from March to December 2007and became
once again one of the largest wine clubs in America.



Record merchandising



The gift merchandise, food products,
and deli were completely revamped, upgraded, and revitalized. Wine, gift, food, and deli sales in the Viansa Marketplace and tasting
rooms increased to all-time historic levels.



Viansa became the most visited winery
in the U.S.



The turnaround resulted in Viansa becoming
the most visited vineyard in the US with an annualized visitor rate of more than 300,000, an increase from 75,000 in March 2007.
The wine club was growing again and our new on site wine experts were able to convert 4% of Viansa’s visitors into wine club
members every month. This is an excellent performance and was up from less than 1% in February and March of 2007.



Viansa’s settlement with growers
and other litigants



The grape growers signed new contracts
with Viansa insuring a great future and management signed a 3-year lease with the landlord for the 8th street production
facility. The settlement with Kirkland Ranch resulted in the return of over $4,000,000 of wine inventory for a payment of only
$475,000. All lawsuits were settled during the Chapter 11.



ADA issues were addressed and the suits
dropped



During the bankruptcy, we spent approximately
$1,700,000 in capital improvements. Virtually all the ADA issues the County had identified over the years were repaired or addressed.
A new water treatment facility was designed and engineered and the County permits were applied for. The parking lot and all surface
roads were resurfaced, painted, renovated, and became accessible to wheelchairs and safer to walk on. The marketplace was completely
cleaned and totally renovated with completely new merchandise and great food products.



Winemaking



Under Viansa’s winemaker, Ron
Goss, the winery improved the quality of Viansa wine dramatically. A new Cabernet brand named V was introduced that has been rated
one of the finest cabernets in the world.



8







Laurus and the DIP Financing



The largest secured lender, Laurus Funds,
supported the new management team by investing additional capital to pay the growers and rebuild the business. Laurus invested
over $6,000,000 of DIP financing during the Chapter 11. This was discharged in December of 2007 when the Viansa Plan was confirmed.





Results of Operations



Comparison of the twelve-month period ended December 31,
2007 to the twelve-month period ended December 31, 2006.



Revenues



For the twelve months ending December 31,
2007, revenues were $0 for continuing operations and $15,587,475 from discontinued operations as compared to $17,268,132 for
the fiscal year ending December 31, 2006.



Cost of Goods Sold



For the twelve months ending December 31, 2007, cost of
goods sold were $0 for continuing operations and $14,524,377 from discontinued operations compared to $9,695,739 for the
twelve months ending December 31, 2006.



Sales and Marketing Expense



For the twelve months ending December 31, 2007
sales and marketing expenses were $1,777 for continuing operations and $2,586,740 for discontinued operations compared to
$9,881,330 for the twelve months ending December 31, 2006.



General and Administrative Expense



For the twelve months ending December 31, 2007
general and administrative expenses were $2,760,602 for continuing operations and $4,578,835 for discontinued operations
compared to $24,843,226 for the twelve months ending December 31, 2006.



Provision for Income Taxes



For the twelve months ending December 31, 2007 and
2006, the Company made no provision for income taxes.



Stock Compensation Expense



For the twelve months ending December 31, 2007 and 2006, there were no stock compensation plan in place.



Net Income





For the twelve months ending December 31, 2007, the Company
recorded a net income of 36,300,116 compared to a loss of $89,125,751 for the twelve-month period ending December 31, 2006. The
net income for 2007 consisted of a loss from continuing operations of $2,852,379 and a gain from discontinued operations of $39,152,495
compared to a loss from continuing operations of $85,734,062 and a loss from discontinued operations of $3,931.689 in 2006.





Interest and Other Expense





For the twelve months ending December 31, 2007, the Company
had $0 interest expense from continuing operations and $3,298,573 from discontinued operations compared to $9,140,346 for the twelve-month
period ending December 31, 2006.





9







Corporate History



The Company was originally incorporated
in the State of Nevada on May 15, 2000 under the name Tech-net Communications, Inc.



On August 1, 2003, a share exchange
was conducted between the Company and Knightsbridge Fine Wines, Inc. (“Knightsbridge”), a Nevada corporation. As a
result of the share exchange, Knightsbridge became a wholly owned subsidiary of the 360 Global. In exchange, the company issued
12,402,500 shares of Common Stock to the former shareholders of Knightsbridge. This share exchange resulted in change of control,
as the former shareholders of Knightsbridge subsequently owned a majority of the Company’s voting stock (82.89%).



Effective August 13, 2003, the Company’s
common shares underwent a two for one forward stock split. Also on August 13, 2003, the Company’s Articles of Incorporation
were amended to change the name of the Company to Knightsbridge Fine Wines, Inc., as agreed to by a majority of the voting shareholders.



On October 16, 2003, the Company entered
into a purchase agreement with Gryphon Master Fund, L.P. (“Gryphon”), a Bermuda limited partnership. Pursuant to this
agreement, Gryphon purchased a $1,500,000 7.5% convertible note due October 16, 2006 from the Company. Gryphon also received warrants
to purchase 416,667 shares of the Company’s common stock.



On November 6, 2003, a closing was held
in Argentina under a stock purchase agreement for the acquisition by the Company’s wholly-owned subsidiary, KFWBA Acquisition
Corp., a Nevada corporation (“KFWBA”), of Bodegas y Venedos Anguinan S.A. (“Bodegas y Venedos”). The purchase
price consisted of a combination of $200,000 (USD) and one million shares of the Company’s restricted common stock. Additionally,
KFWBA entered into put options agreements with both of the former shareholders Bodegas y Venedos, which provide that those former
shareholders can compel KFWBA to purchase a specific portion of the Company’s shares delivered as a part of the purchase
price of Bodegas y Venedos.



On December 22, 2003, the Company entered
into a second purchase agreement with Gryphon. Pursuant to this agreement, Gryphon purchased a $2,000,000 7.5% convertible note
due December 22, 2006 from the Company. Gryphon also received warrants to purchase 1,111,111 shares of the Company’s common
stock.



On April 21, 2004, the Company acquired
a 50% interest in Kirkland Knightsbridge, LLC, a California limited liability company (the “Joint Venture Sub”) pursuant
to a certain capital stock contribution agreement by and among the Company, the Joint Venture Sub, Kirkland Ranch, LLC, a California
limited liability company, and Mr. Larry Kirkland. In exchange for its 50% membership interest, the Company made a capital contribution
equal to $10,000,000 through the issuance of 4,255,320 share of its common stock.



Also on April 21, 2004, the Company
entered into a securities exchange agreement with Gryphon. The Company issued a $5,500,000 7.5% senior secured convertible note
due April 21, 2006 and a warrants to purchase 8,055,556 shares of the Company’s common stock. In exchange, the Company received
$2,000,000 in cash and the Company’s 7.5% convertible notes previously sold to Gryphon (total face value of $3,500,000).



On May 28, 2004, the Company entered
into a note purchase agreement with each of Longview Fund, LP, Longview Equity Fund, LP, and Longview International Equity Fund,
LP (collectively, the “Purchasers”). The Purchasers purchased from the Company convertible promissory notes due August
26, 2004 in the total principal amount of $500,000. This agreement was amended on September 30, 2004 because the Company was in
default with respect to the convertible notes. The amendment extended the maturity date of the notes to November 9, 2004 and provided
for the Company to issue 300,000 shares of common stock to the Purchasers.



On September 30, 2004, the Company and
Gryphon entered into a debt restructuring agreement. Pursuant to the agreement, Gryphon agreed to cancel certain penalties owed
to it under the senior secured convertible note dated April 21, 2004 in return for the Company issuing a new 6% promissory note
due August 31, 2005 in the amount of $700,000.



10







On February 15, 2005, the Company’s
Articles of Incorporation were amended to change the name of the Company to 360 Global Wine Company, as agreed to by a majority
of the voting shareholders.



In the first quarter of 2005, the Company
agreed to acquire 18.7% of the outstanding shares of First Montauk Financial Corp. (FMFC) from a group of individuals and an entity
(BMAC). The Company retained 360 Global Financial LLC2 (360GF) (not a related party) to provide investment banking services in
our acquisition of the shares of FMFC common stock. The agreement with 360GF provided for the payment of 1,200,000 shares of our
common stock payable in three separate payments of 400,000 shares based upon the completion of certain milestones. We issued the
first 400,000 shares of our common stock with a fair value of $2,735,005. BMAC, the entity that was selling the FMFC shares to
us, was not able to deliver its shares as contemplated in the original agreement. Accordingly, the FMFC share acquisition transaction
has been cancelled and we instructed our transfer agent that the shares issued to BMAC are to be cancelled and are currently awaiting
the receipt of the stock certificate issued to 360GF for cancellation.



On June 21, 2005, the Company’s
wholly-owned subsidiary 360 Viansa LLC (“360 Viansa”), a Nevada limited liability company, entered into an asset purchase
agreement with Viansa Winery, a California Limited Partnership (the “Partnership”), and La Fontana di Viansa, LLC,
a California limited liability company (the “LLC”). 360 Viansa purchased certain winery, wine bar, and restaurant assets
from the Partnership and the LLC for $31,000,000 cash.



On July 7, 2005, the Company entered
into a security and purchase agreement with Laurus, a Cayman Islands company. Pursuant to the agreement, the Company issued to
Laurus a three-year term note in the aggregate principal amount of $34,500,000 and a three-year revolving note equal to up to $3,000,000.



On January 13, 2006, the Company entered
into a stock purchase agreement with BMAC Corp. (“BMAC”), a Nevada corporation, and the stockholders of BMAC. The Company
was to acquire all of the outstanding shares of common stock of BMAC in return for $1,465,875 payable in shares of the Company’s
common stock. Also on January 13, 2006, the Company entered into stock purchase agreements with each of 10 stockholders of First
Montauk Financial Corp., a New Jersey corporation (“FMFC”). The Company was to acquire all of the outstanding shares
of FMFC owned by such stockholders for $3,759,953 payable in shares of the Company’s common stock. BMAC was, however,
unable to fulfill its obligations under the agreement. Accordingly, the FMFC share acquisition transaction was cancelled.



On February 28, 2006, the Company effected
a 1-for-150 reverse stock split of its common stock.



On March 31, 2006, the Company invested
in the business of extractive minerals and processing. 360 Global acquired all of the stock of Springer Mining Company (“Springer”)
for $3,000,000. The purchase price consisted of $600,000 in cash and a note issued by us for $2,400,000 to the prior owner of Springer
(General Electric Company). In addition to this, we entered into an agreement to purchase the processing rights to the mineral
Kaolin. The acquisition agreement with the holder of the mineral processing rights required us to issue them 6,800,000 shares of
our common stock. The seller was unable to deliver the mineral processing rights; so, we terminated the agreement. We did not physically
deliver the 6,800,000 shares to the seller of the mineral processing rights and have entered into an agreement whereby both parties
have relinquished all potential claims against the other.





On March 7, 2007, the Company and its
wholly owned subsidiary, 360 Viansa, filed for protection under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy
Court for the District of Nevada.



Subsequent Events:



On March 25, 2008, the Debtor sold the
Texas Property (properties related to the mining, and mineral extraction, mineral processing, residential real estate, and vacation
properties) to the City of Granite Shoals and the Christ Redeemer Fellowship for the aggregate sale price of $3,200,000. Global's
residual interest in this sale was limited to $250,000.



11







On December 16, 2008, the Global Plan
was approved by the United States Bankruptcy Court for the District of Nevada.



On May 10, 2012 the Articles of the
Company were amended in order to conduct a name change. The name of the Company changed from 360 Global Wine Company to 360 Global
Investments.





Employees



On December 31, 2007, we have 1 employee
and officer, A. John A. Bryan, Jr., who is the Chief Executive Officer of the Company, as well as several consultants who research
investment opportunities in the various fields the Company is active in as described in Item 1.

None of our employees is represented
by a labor union and we consider our relationships with our employees and consultants to be excellent.





ITEM 1A. RISK FACTORS



Investing in our common stock involves
a high degree of risk. Our auditors have expressed substantial doubt about our ability to continue as a going concern. This is
due in large part to the Company’s history of significant operating losses and its previous securing of operating capital
through the sale of its securities. Currently, the growth and success of our business depends largely upon obtaining future financings,
without which we may not have the necessary capital to continue our business.



The risks and uncertainties described
below are not the only ones we may face. Additional risks and uncertainties not currently known to us or that we currently deem
immaterial may also adversely affect our business, financial condition, and/or operating results. If any of the following risks,
or any other risks not described below, actually occur, it is likely that our business, financial condition, and operating results
could be seriously harmed. As a result, the trading price of our common stock could decline and you could lose part or all of your
investment.



RISKS RELATING TO OUR BUSINESS



We filed for reorganization under Chapter
11 of the Bankruptcy Code on March 7, 2007 and were subject to the risks and uncertainties associated with Chapter 11 proceedings.



For the duration of our Chapter 11 proceedings,
our operations, including our ability to execute our business plan, are subject to the risks and uncertainties associated with
bankruptcy. Risks and uncertainties associated with our Chapter 11 proceedings include the following:



•	The actions and decisions
of our creditors and other third parties who have interests in our Chapter 11 proceedings that may be inconsistent with our plans;



•	our ability to obtain court
approval with respect to motions in the Chapter 11 proceedings prosecuted from time to time;



•	our ability to develop, prosecute,
confirm and consummate a plan of reorganization with respect to the Chapter 11 proceedings;



•	our ability to obtain and
maintain normal terms with vendors, service providers, including the grape growers;



•	our ability to maintain contracts
that are critical to our operations; and



•	risks associated with third
parties seeking and obtaining court approval to terminate or shorten the exclusivity period for us to propose and confirm a plan
of reorganization, to appoint a Chapter 11 trustee or to convert the cases to Chapter 7 cases.



12











These risks and uncertainties could
affect our business and operations in various ways. For example, negative events or publicity associated with our Chapter 11 proceedings
could adversely affect our sales and the relationship with our customers, as well as with vendors and employees, which in turn
could adversely affect our operations and financial condition, particularly if the Chapter 11 proceedings are protracted. Also,
transactions outside the ordinary course of business are subject to the prior approval of the Bankruptcy Court, which may limit
our ability to respond timely to certain events or take advantage of certain opportunities.





Because of the risks and uncertainties
associated with our Chapter 11 proceedings, the ultimate impact that events that occur during these proceedings will have on our
business, financial condition and results of operations cannot be accurately predicted or quantified, and there is substantial
doubt about our ability to continue as a going concern.



RISKS RELATED TO OUR COMMON STOCK



THE PLAN OF REORGANIZATION  WILL RESULT IN THE CANCELLATION OF OUR COMMON STOCK PURSUANT TO THE GLOBAL PLAN.
THERE IS NO ASSURANCE THAT EQUITY HOLDERS WILL RECEIVE ANY VALUE WHATSOEVER.



Our common stock is subject to the “penny
stock” rules of the sec and the trading market in our securities is limited, which makes transactions in our common stock
cumbersome and may reduce the value of an investment in our stock.



The Securities and Exchange Commission
has adopted Rule 3a51-1 which establishes the definition of a “penny stock,” for the purposes relevant to us, as any
equity security that has a market price of less than $5.00 per share or with an exercise price of less than $5.00 per share, subject
to certain exceptions. For any transaction involving a penny stock, unless exempt, Rule 15g-9 requires:



- that a broker or dealer approve a
person’s account for transactions in penny stocks; and



- the broker or dealer receive from
the investor a written agreement to the transaction, setting forth the identity and quantity of the penny stock to be purchased.



In order to approve a person’s
account for transactions in penny stocks, the broker or dealer must:



- obtain financial information and investment
experience objectives of the person; and



- make a reasonable determination that
the transactions in penny stocks are suitable for that person and the person has sufficient knowledge and experience in financial
matters to be capable of evaluating the risks of transactions in penny stocks.



The broker or dealer must also deliver,
prior to any transaction in a penny stock, a disclosure schedule prescribed by the SEC relating to the penny stock market, which,
in highlight form:



- sets forth the basis on which the
broker or dealer made the suitability determination; and



- that the broker or dealer received
a signed, written agreement from the investor prior to the transaction.



Generally, brokers may be less willing
to execute transactions in securities subject to the “penny stock” rules. This may make it more difficult for investors
to dispose of our common stock and cause a decline in the market value of our stock.



13







Disclosure also has to be made about
the risks of investing in penny stocks in both public offerings and in secondary trading and about the commissions payable to both
the broker-dealer and the registered representative, current quotations for the securities and the rights and remedies available
to an investor in cases of fraud in penny stock transactions. Finally, monthly statements have to be sent disclosing recent price
information for the penny stock held in the account and information on the limited market in penny stocks.



Pursuant to the confirmed Global Plan,
all our common stock, warrants, and equity interests were cancelled and 5,000,000 shares of New Common Stock was issued. The New
Common Stock (CUSIP 885573 303) will be distributed as follows pursuant to the Global Plan:

·3,750,000 shares of New Common Stock will be distributed to the Administrative Claimants and
Allowed Professional Claimants;

·1,000,000 shares of New Common Stock will be distributed to Class 4 General Unsecured Creditors;

·50,000 shares of New Common Stock will be distributed to Class 5 General Unsecured Creditor;

·100,000 shares of New Common Stock will be distributed to Class 6 equity security holders;

·100,000 shares of New Common Stock will be distributed to the 360 Global Liquidating Trust.



The New Common Stock is to be issued
pursuant to the Global Plan as confirmed in December of 2008 and does not need not be registered under the Securities Act or any
state or local securities laws, except as provided in the Global Plan.





ITEM 1B. UNRESOLVED STAFF COMMENTS



For the twelve-month period ended December
31, 2007, there are no unresolved staff comments.





ITEM 2. PROPERTIES



For the twelve-month period ended December
31, 2007, our U. S. corporate office was located in Los Angeles, California.





ITEM 3. LEGAL PROCEEDINGS



During the course of 2007, the Company
was involved in various lawsuits, claims, and proceedings which arose in the ordinary course of business. As of December 31, 2007,
all lawsuits and liabilities were settled through the Bankruptcy Court and except as otherwise disclosed herein, the Company is
not aware of any other material legal proceedings against the Company.





Chapter 11 Proceedings



On March 7, 2007, 360 Global and its wholly owned subsidiary
360 Viansa filed voluntary petitions for reorganization under Chapter 11 of the Bankruptcy Code”) in the Bankruptcy
Court. We continued to operate our business as “debtors-in-possession” under the jurisdiction of the Bankruptcy Court
and in accordance with the applicable provisions of the Bankruptcy Code and orders of the Bankruptcy Court. As of December 31,
2007, all lawsuits and liabilities were settled through the Bankruptcy Court except as otherwise disclosed herein, the Company
is not aware of any other material legal proceedings against the Company.





Subsequent Events



Creation of the Global Trust

Pursuant to the Global Plan, 360 Global created the
Global Trust for the benefit of holders of Administrative Claims, Priority Tax Claims and Class 4 Allowed Claims, and the Liquidating
Trust Agreement was executed by the parties to the Liquidating Trust Agreement. The Global Trust was funded by the delivery to
the Global Trust of 100,000 shares of New Common Stock. The Global Trust shall be a creditors’ liquidating trust for all
purposes, including Treasury Regulations Section 301.7701-4(d). The Global Trust will be organized for the purpose of collecting
and distributing to Creditors the Assigned Litigation of Global and its Estate with no objective to continue or engage in the conduct
of a trade or business. On January 2nd, 2009, Global and/or the Committee shall be deemed to have transferred all of 360 Global’s
rights to prosecute the Assigned Litigation to the 360 Global Trust to collect and prosecute for the benefit of Creditors of 360
Global. The 360 Global Trust shall receive, liquidate and distribute the New Common Stock received by it and the recoveries on
the claims, rights and causes of action of Global and its Estate in accordance with the Global Plan and the Liquidating Trust Agreement
as promptly as is reasonably practicable, in an expeditious but orderly manner. The 360 Global Trust is not a successor of Global
for purposes of incurring its liabilities. To the extent there are any inconsistencies between the Global Plan and the 360 Global
Trust, the terms of the Global Plan shall prevail.

14







Transfer of Claims, Rights and Causes of Action to
the Global Trust.

Pursuant to the Global Plan, all Assigned Litigation
and the right to assert objections to claims, including rights of offset, as set forth in the Global Plan, was transferred to,
and vested in, the 360 Global Trust free and clear of all liens, claims, encumbrances and other interests. All property, claims,
rights, and causes of action received or held by the 360 Global Trust was held in trust for the benefit of holders of Administrative
Claims, Priority Tax Claims and Class 4 Allowed Claims, subject to the provisions of the Global Plan and the Liquidating Trust
Agreement. Reorganized Global retains no interest in such property, claims, rights, and causes of action transferred to the Global
Trust. In addition, 5 million shares of New Common Stock will be irrevocably transferred and conveyed by Reorganized Global to
the Global Trust for distribution pursuant to the terms of this Global Plan. As soon as practical after receipt of the New Common
Stock, the 360 Global Trust shall use its best efforts to distribute the New Common Stock to Class 4 and Class 5 Claimants and
Class 6 Equity Security Interests.



ITEM 4. SUBMISSION OF MATTERS TO
A VOTE OF SECURITY HOLDERS.



There were no matters submitted to a
vote of security holders during the fourth quarter of the fiscal year covered by this report.









15









PART II.



ITEM 5. MARKET FOR REGISTRANT'S COMMON
EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY



The following table sets forth the quarterly
high and low bid prices, for our common stock, adjusted for the reverse split, which was effective as of February 28, 2006,
and since the share exchange and reverse acquisition between Tech-Net Communications, Inc. and us on August 1, 2003. The prices
set forth below represent interdealer quotations, without retail markup, markdown, or commission, and may not be reflective of
actual transactions.

|                     |  | HIGH |      | LOW |  
|-------------------- |  | ---- | ---- | --- | -
|FISCAL
    YEAR 2006 |  |      |      |     |  
|First
    Quarter    |  | $    | 7.50 |     | $
|Second Quarter       |  | $    | 7.50 |     | $
|Third Quarter        |  | $    | 4.50 |     | $
|Fourth Quarter       |  | $    | 4.10 |     | $
|                     |  |      |      |     |  
|FISCAL
    YEAR 2007 |  |      |      |     |  
|First Quarter        |  | $    | 3.83 |     | $
|Second Quarter       |  | $    | 1.70 |     | $
|Third Quarter        |  | $    | 1.29 |     | $
|Fourth Quarter       |  | $    | 1.00 |     | $



Our common stock has been quoted on
the OTC Bulletin Board under the symbol “TSIX”. Prior to March 1, 2006 our common stock traded under the symbol “TGWC”.
Prior to February 24, 2005, the common stock traded under the symbol “KFWI”.

On March 6, 2007 - the day of the filing
for Chapter 11 - the symbol changed to "TSIXQ".





Subsequent Events:

Pursuant to the confirmed Global Plan,
all our common stock, warrants, and equity interests were cancelled and 5,000,000 shares of New Common Stock was issued. The New
Common Stock (CUSIP 885573 303) will be distributed as follows pursuant to the Global Plan:

·       
3,750,000 shares of New Common Stock will be distributed to the Administrative Claimants and Allowed Professional Claimants;

·       
1,000,000 shares of New Common Stock will be distributed to Class 4 General Unsecured Creditors;

·       
50,000 shares of New Common Stock will be distributed to Class 5 General Unsecured Creditor;

·       
100,000 shares of New Common Stock will be distributed to Class 6 equity security holders;

·       
100,000 shares of New Common Stock will be distributed to the 360 Global Liquidating Trust.



The New Common Stock is to be issued
pursuant to the Global Plan as confirmed in December of 2008 and does not need not be registered under the Securities Act or any
state or local securities laws, except as provided in the Global Plan.





Dividends



We have never declared or paid cash
dividends on our common stock and do not anticipate paying cash dividends in the foreseeable future. We currently expect to retain
future earnings, if any, for use in the operation and expansion of our business and do not anticipate paying any cash dividends
in the foreseeable future.



16









Recent Sales of Unregistered Securities



During the quarter ended March 31, 2007, the Company issued
9,000 shares of its common stock as compensation to eleven investors as an interest payment on short term loans with a value of
$31,500 based on the fair value of the stock on the date of issuance.



During the quarter ended March 31, 2007, the Company issued
20,000 shares of its common stock to a former employee as partial satisfaction of his severance package at the contractually specified
conversion price of $3.50 per share amounting to $70,000.





During the quarter March 31, 2007, the Company issued 72,000
shares of its common stock to Laurus in partial satisfaction of a convertible note payable at the contractually specified conversion
price of $3.50 per share amounting to $252,000.



During the quarter March 31, 2007, the
Company issued 14,286 shares of its common stock to Longview funds in partial satisfaction of a convertible note payable at the
contractually specified conversion price of $3.50 per share amounting to $50,000.





Securities Authorized for Issuance Under Equity Compensation
Plans



During the quarter ended March 31, 2007, the Company issued
20,000 shares of its common stock to an employee at the contractually specified conversion price of $3.50 per share amounting to
$70,000.

17









ITEM 6. SELECTED FINANCIAL DATA



This item is not required for a smaller
reporting company.





ITEM 7. MANAGEMENT’S DISCUSSION
AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS



Certain statements contained herein
constitute forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may,"
"will," "should," "expect," "plan," "anticipate," "believe," "estimate,"
"predict," "potential" or "continue," the negative of such terms, or other comparable terminology.
All statements other than statements of historical fact made in this report are forward looking. In particular, the statements
herein regarding industry prospects and future results of operations or financial position are forward-looking statements. Because
such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking
statements as a result of certain factors, including, but not limited to, risks associated with the integration of businesses following
an acquisition, competitors with broader product lines and greater resources, emergence into new markets, the termination of any
of our significant contracts, our inability to maintain working capital requirements to fund future operations, or our inability
to attract and retain highly qualified management, technical and sales personnel.





Overview



On March 7, 2007 the Company and its
wholly owned subsidiary 360 Viansa filed a voluntary petition for reorganization under Chapter 11 of the Bankruptcy Code in the
Bankruptcy Court. No assurance can be given as to what values, if any, will be ascribed in our bankruptcy proceedings to our various
pre-petition liabilities, common stock and other securities. As of the date of the Chapter 11 filing, virtually all pending litigation
(including actions described below) is stayed, and absent further order of the Bankruptcy Court, no party, subject to certain exceptions,
may take any action, also subject to certain exceptions, to recover on pre-petition claims against us. At this time it is not possible
to predict the outcome of the Chapter 11 filings or their effect on our business. As of Dec 31st 2007, all lawsuits and liabilities
were settled or through the Bankruptcy Court and except as otherwise disclosed herein, the Company is not aware of any other material
legal proceedings against the Company.



Subsequent Events

On December 12, 2008, the Global Plan
was confirmed by the Bankruptcy Court. The Plan can be found in Exhibit 33.2. The Effective Date of the Global Plan is January
10, 2009.





Our Business



360 Global is a publicly traded investment holding company
that has invested in a number of diverse business activities and that has targeted a number of industries for future investment.
360 Global is domiciled in the state of Nevada and its corporate headquarters are located in Los Angeles, CA.



360 Global has invested in or plans to invest in the following
industries:

•	Alcoholic beverage brands focused in the wine category;

•	Mining, mineral extraction, and processing;

•	Biotechnology and medical diagnostic systems;

•	Oil and Gas exploration, production, and distribution;

•	Residential Real Estate;

•	Aviation and aircraft manufacturing;

•	Investment banking services;

•	Financial Services;

•	Stock brokerage and Money Management;

•	Entertainment and Media;

•	Formula One Racing;

•	Spectator Events-Aircraft and Rocket Racing;

•	Film and Television Production;

•	Music Production and Distribution;

•	Broadcast Media;

•	Vacation Properties;

18







•	Timeshare Properties and Property Management;

•	Energy Market;

•	Electricity Trading and Marketing to commercial
and residential customers.



As approved by the Bankruptcy Court in the Viansa Plan and
Disclosure Statement, Viansa and the Texas Property are being sold including the residential real estate, the mining operations,
as well as the mineral rights. Viansa was sold to Laurus Master Fund, Ltd. (“Laurus”) in December of 2007 for a total
of $40,667,075. The sale resulted in a total discharge of Global’s debt.



As approved by the Bankruptcy Court in the Global Plan and
Disclosure Statement, Reorganized Global’s business plan is made up of two activities. First, undertaking the administrative,
accounting, SEC related, and all other work necessary to prepare and file updated financial statements and annual and quarterly
reports with the SEC and any other governmental organizations, in order to re-establish Reorganized Global as a fully reporting
public company and re-list its common stock on a nationally recognized stock exchange or market quotation system. In order to accomplish
this goal, Reorganized Global’s plan is to complete the following SEC filings (among other filings and reports), which Reorganized
Global will complete as soon as practical taking into account the general economic climate:



10K annual report and audit for the year ended December 31st
2007

10Q for the 1st quarter of 2008

10Q for the 2nd quarter of 2008

10Q for the 3rd quarter of 2008

10K annual report and audit for the year ended December 31st
2008

10Q for the 1st quarter of 2009

10Q for the 2nd quarter of 2009

10Q for the 3rd quarter of 2009

10K annual report and audit for the year ended December 31st
2009

10Q for the 1st quarter of 2010

10Q for the 2nd quarter of 2010

10Q for the 3rd quarter of 2010

10K annual report and audit for the year ended December 31st
2010

10Q for the 1st quarter of 2010

10Q for the 2nd quarter of 2010

10Q for the 3rd quarter of 2010

10K annual report and audit for the year ended December 31st
2010

10Q for the 1st quarter of 2011

10Q for the 2nd quarter of 2011

10Q for the 3rd quarter of 2011

10K annual report and audit for the year ended December 31st
2011

10Q for the 1st quarter of 2012

10Q for the 2nd quarter of 2012



The second activity is to conduct the appropriate search,
perform the necessary analysis, negotiate a price and structure, plan the financing, and raise the necessary capital to acquire
an operating business or effect a merger or acquisition, or capital stock exchange, asset acquisition, or other similar business
combination with an operating business. The business going forward shall not be inconsistent with the business prior to filing
for Chapter 11. However, Reorganized Global is not necessarily limited to a particular industry. Nevertheless, management of Global
has initially focused on the same sectors. As of the first quarter of 2012, efforts have been limited to exploring financing and
acquisition opportunities with the intent to maximize the value of the business for Reorganized Global’s Creditors and new
equity interest holders. Global’s efforts in identifying a prospective target business have been ongoing since January 2008.
Global has examined over 100 business opportunities including a wide range of detailed discussions with financing and management
partners.



The subsequent 2009 global recession caused delays in the
first and second activities.



Subsequent Events:

Pursuant to the Viansa Plan, on March 27, 2008, 360 Global
sold the Texas Property (properties related to the mining, and mineral extraction, mineral processing, residential real estate,
and vacation properties) to the City of Granite Shoals and the Christ Redeemer Fellowship and received $250,000.



19









Mergers, Acquisitions and Divestitures



For the twelve-month period ended December 31, 2007, there
were no Mergers or Acquisitions.





As approved by the Bankruptcy Court in the Viansa Plan and
Disclosure Statement, Viansa and the Texas Property are being sold including the residential real estate, the mining operations,
as well as the mineral rights. Viansa was sold to Laurus Master Fund, Ltd. (“Laurus”) in December of 2007 for a total
of $40,667,075. The sale resulted in a total discharge of Global’s debt. Global's residual interest in the Texas Property
was limited to $250,000.







Correction of Errors in Previously Issued Financial Statements



There are no corrections of previously issued financial statements.









Inventory Revaluation



As approved by the Bankruptcy Court in the Viansa Plan and
Disclosure Statement, Viansa and the Texas Property are being sold including the residential real estate, the mining operations,
as well as the mineral rights. Viansa was sold to Laurus Master Fund, Ltd. (“Laurus”) in December of 2007 for a total
of $40,667,075. The sale resulted in a total discharge of Global’s debt. Global's residual interest in the Texas Property
was limited to $250,000.





As of December 31st 2007, the Company’s
inventory equals $0, compared to $15,743,982 as of December 31, 2006.





Liquidity and Capital Resources



As of December 31, 2007, the Company's working capital is
limited. The Chapter 11 has discharged the debt from Laurus and Gryphon as well as all payables. Payables were transferred to a
Liquidation Trust so that general unsecured creditors could be repaid from recoveries.



The Company has suffered significant operating losses since
its inception in its efforts to establish and execute the business strategy of previous management. The Company anticipates that
it will continue to require additional working capital so that it can find, analyze, and make new investments. The Company intends
to continue as an investment Company. In the event the Company is unable to raise additional funds to sustain its ongoing operations
it would raise substantial doubt about the Company's ability to continue as a going concern.



There is no reasonable assurance at this time that new management
can raise additional capital or find suitable investments.



Operating Activities



For the twelve-month period ended December 31,
2007, cash used in operating activities was $2,128,877, compared to $7,579,865 provided by operating activities for the
twelve-month period ended December 31, 2006.



Financing Activities



For the twelve-month period ended December 31, 2007, cash
used for financing activities was equal to $0, compared to $6,665,159 for the twelve-month period ended December 31, 2006.



20









Investing Activities



For the twelve-month period ended December 31, 2007, cash
used for investing activities was equal to $0, compared to cash from investing activities of $190,601 for the twelve-month
period ended December 31, 2006.



Impact of Derivatives on Liquidity



For the twelve-month period ended December 31, 2007, impact
of derivatives on liquidity was equal to $0 as all convertible notes, warrants and stock-options were discharged by bankruptcy.





Contractual Obligations and Commitments



The Company has currently no contractual obligations or commitments.





Capital Expenditures



For the twelve-month period ended December 31, 2007 capital
expenditures were $0, compared to $66,577 in the twelve-month period ended December 31, 2006.





Management’s Strategy and Plan for the Future



Subsequent Events



On December 12, 2008, Global Plan was
confirmed by the Bankruptcy Court and can be found as Exhibit 34.1 to this presentation.





As approved by the Bankruptcy Court in the Global Plan and
Disclosure Statement, Reorganized Global’s business plan is made up of two activities. First, undertaking the administrative,
accounting, SEC related, and all other work necessary to prepare and file updated financial statements and annual and quarterly
reports with the SEC and any other governmental organizations, in order to re-establish Reorganized Global as a fully reporting
public company and re-list its common stock on a nationally recognized stock exchange or market quotation system. In order to accomplish
this goal, Reorganized Global’s plan is to complete the following SEC filings (among other filings and reports), which Reorganized
Global will complete as soon as practical taking into account the general economic climate:



10K annual report and audit for the year ended December 31st
2007

10Q for the 1st quarter of 2008

10Q for the 2nd quarter of 2008

10Q for the 3rd quarter of 2008

10K annual report and audit for the year ended December 31st
2008

10Q for the 1st quarter of 2009

10Q for the 2nd quarter of 2009

10Q for the 3rd quarter of 2009

10K annual report and audit for the year ended December 31st
2009

10Q for the 1st quarter of 2010

10Q for the 2nd quarter of 2010

10Q for the 3rd quarter of 2010

10K annual report and audit for the year ended December 31st
2010

10Q for the 1st quarter of 2010

10Q for the 2nd quarter of 2010

10Q for the 3rd quarter of 2010

10K annual report and audit for the year ended December 31st
2010

10Q for the 1st quarter of 2011

10Q for the 2nd quarter of 2011

10Q for the 3rd quarter of 2011

10K annual report and audit for the year ended December 31st
2011

10Q for the 1st quarter of 2012

10Q for the 2nd quarter of 2012



21







The second activity is to conduct the appropriate search,
perform the necessary analysis, negotiate a price and structure, plan the financing, and raise the necessary capital to acquire
an operating business or effect a merger or acquisition, or capital stock exchange, asset acquisition, or other similar business
combination with an operating business. The business going forward shall not be inconsistent with the business prior to filing
for Chapter 11. However, Reorganized Global is not necessarily limited to a particular industry. Nevertheless, management of Global
has initially focused on the same sectors. As of the first quarter of 2012, efforts have been limited to exploring financing and
acquisition opportunities with the intent to maximize the value of the business for Reorganized Global’s Creditors and new
equity interest holders. Global’s efforts in identifying a prospective target business have been ongoing since January 2008.
Global has examined over 100 business opportunities including a wide range of detailed discussions with financing and management
partners.



The subsequent 2009 global recession caused delays in the
first and second activities.



The Company's full strategy
and plan for the future is described in the Global Plan, which is filed in Exhibit 34.1.



Off-Balance Sheet Arrangements



We do not have any off-balance sheet arrangements.





Cautionary Information Regarding
Forward-Looking Statements



Under the Private Securities Litigation
Reform Act of 1995, companies are provided with a “safe harbor” for making forward-looking statements about the potential
risks and rewards of their strategies. Some of the statements contained in this Annual Report on Form 10-K are forward-looking
statements about the Company, including but not limited to those specifically identified as such, that involve risks and uncertainties.
The statements contained in the Report on Form 10-K that are not purely historical are forward looking statements within the meaning
of Section 27A of the Securities Act and Section 21E of the Exchange Act, including, without limitation, statements regarding our
expectations, beliefs, intentions or strategies regarding the future. In some cases, you can identify forward-looking statements
by terminology such as “may,” “will,” “should,” “expects,” “plans,”
“anticipates,” “believes,” “estimates,” “predicts,” “potential” or
“continue” or the negative of these terms or other comparable terminology.



Our ability to achieve our goals depends
on many known and unknown risks and uncertainties, including risks and uncertainties specific to our Company, our recent Chapter
11 filing, our industry, and changes in general economic and business conditions. These factors could cause our actual performance
and results to differ materially from those described or implied in forward-looking statements. Although we believe that the expectations
reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance
or achievements. Moreover, neither we nor any other person can assume responsibility for the accuracy and completeness of such
statements.



All forward-looking statements included in this Report on
Form 10-K are based on information available to us on the date hereof, and we assume no obligation to update any such forward-looking
statements, beyond those obligations required by law.





22







ITEM 7A. QUANTITATIVE
AND QUALITATIVE DISCLOSURE ABOUT MARKET RISK



RISKS RELATING TO OUR BUSINESS



We filed for reorganization under Chapter 11 of the Bankruptcy
Code on March 7, 2007 and were subject to the risks and uncertainties associated with Chapter 11 proceedings.



For the duration of our Chapter 11 proceedings, our operations,
including our ability to execute our business plan, are subject to the risks and uncertainties associated with bankruptcy. Risks
and uncertainties associated with our Chapter 11 proceedings include the following:



•	The actions and decisions of our creditors and
other third parties who have interests in our Chapter 11 proceedings that may be inconsistent with our plans;



•	our ability to obtain court approval with respect
to motions in the Chapter 11 proceedings prosecuted from time to time;



•	our ability to develop, prosecute, confirm and
consummate a plan of reorganization with respect to the Chapter 11 proceedings;



•	our ability to obtain and maintain normal terms
with vendors, service providers, including the grape growers;



•	our ability to maintain contracts that are critical
to our operations; and



•	risks associated with third parties seeking and
obtaining court approval to terminate or shorten the exclusivity period for us to propose and confirm a plan of reorganization,
to appoint a Chapter 11 trustee or to convert the cases to Chapter 7 cases.





These risks and uncertainties could affect our business
and operations in various ways. For example, negative events or publicity associated with our Chapter 11 proceedings could adversely
affect our sales and the relationship with our customers, as well as with vendors and employees, which in turn could adversely
affect our operations and financial condition, particularly if the Chapter 11 proceedings are protracted. Also, transactions outside
the ordinary course of business are subject to the prior approval of the Bankruptcy Court, which may limit our ability to respond
timely to certain events or take advantage of certain opportunities.



Because of the risks and uncertainties associated with our
Chapter 11 proceedings, the ultimate impact that events that occur during these proceedings will have on our business, financial
condition and results of operations cannot be accurately predicted or quantified, and there is substantial doubt about our ability
to continue as a going concern.



RISKS RELATED TO OUR COMMON STOCK



OUR COMMON STOCK IS LIKELY TO BE CANCELLED PURUANT TO THE
GLOBAL PLAN. THERE IS NO ASSURANCE THAT EQUITY HOLDERS WILL RECEIVE ANY VALUE WHATSOEVER.



Our common stock is subject to the “penny stock”
rules of the sec and the trading market in our securities is limited, which makes transactions in our common stock cumbersome and
may reduce the value of an investment in our stock.



The Securities and Exchange Commission has adopted Rule 3a51-1
which establishes the definition of a “penny stock,” for the purposes relevant to us, as any equity security that has
a market price of less than $5.00 per share or with an exercise price of less than $5.00 per share, subject to certain exceptions.
For any transaction involving a penny stock, unless exempt, Rule 15g-9 requires:



23







- that a broker or dealer approve a person’s account
for transactions in penny stocks; and



- the broker or dealer receive from the investor a written
agreement to the transaction, setting forth the identity and quantity of the penny stock to be purchased.



In order to approve a person’s account for transactions
in penny stocks, the broker or dealer must:



- obtain financial information and investment experience
objectives of the person; and



- make a reasonable determination that the transactions in
penny stocks are suitable for that person and the person has sufficient knowledge and experience in financial matters to be capable
of evaluating the risks of transactions in penny stocks.



The broker or dealer must also deliver, prior to any transaction
in a penny stock, a disclosure schedule prescribed by the SEC relating to the penny stock market, which, in highlight form:



- sets forth the basis on which the broker or dealer made
the suitability determination; and



- that the broker or dealer received a signed, written agreement
from the investor prior to the transaction.



Generally, brokers may be less willing to execute transactions
in securities subject to the “penny stock” rules. This may make it more difficult for investors to dispose of our common
stock and cause a decline in the market value of our stock.



Disclosure also has to be made about the risks of investing
in penny stocks in both public offerings and in secondary trading and about the commissions payable to both the broker-dealer and
the registered representative, current quotations for the securities and the rights and remedies available to an investor in cases
of fraud in penny stock transactions. Finally, monthly statements have to be sent disclosing recent price information for the penny
stock held in the account and information on the limited market in penny stocks.



Subsequent Events:

Pursuant to the confirmed Global Plan,
all our common stock, warrants, and equity interests were cancelled and 5,000,000 shares of New Common Stock was issued. The New
Common Stock (CUSIP 885573 303) will be distributed as follows pursuant to the Global Plan:

·3,750,000 shares of New Common Stock will be distributed to the Administrative Claimants and
Allowed Professional Claimants;

·1,000,000 shares of New Common Stock will be distributed to Class 4 General Unsecured Creditors;

·50,000 shares of New Common Stock will be distributed to Class 5 General Unsecured Creditor;

·100,000 shares of New Common Stock will be distributed to Class 6 equity security holders;

·100,000 shares of New Common Stock will be distributed to the 360 Global Liquidating Trust.







The New Common Stock is to be issued
pursuant to the Global Plan as confirmed in December of 2008 and does not need not be registered under the Securities Act or any
state or local securities laws, except as provided in the Global Plan.





24







ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTAL DATA



All financial information required by this Item is attached
hereto at the end of this report.





ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS
ON ACCOUNTING AND FINANCIAL DISCLOSURE



For the year ending December 31, 2007, there were no changes
in and disagreements with accountants on accounting and financial disclosure.





ITEM 9A. CONTROLS AND PROCEDURES



(a) EVALUATION OF
DISCLOSURE CONTROLS AND PROCEDURES. New senior management hired since March 7, 2007 has identified material weakness in our disclosure
controls and procedures and internal control over financial reporting. We plan to investigate further and to apply compensating
procedures and processes as necessary to ensure the reliability of our financial reporting and are evaluating and intend to adopt
measures designed to remediate any weaknesses.



New management is
also conducting an evaluation of our corporate governance and internal controls in an effort to improve the quality and transparency
of our corporate governance, internal controls, and financial reporting. Such evaluation may take many months to conclude and our
ability to implement any improvements in these areas will be limited by our human and financial resources.



The Company’s
controls and procedures are inadequate to ensure that information required to be disclosed in reports filed under the Securities
Exchange Act of 1934, as amended, is recorded, processed, summarized and reported within the specified time periods. Disclosure
controls are designed to reasonably assure that such information is accumulated and communicated to our management, including the
Chief Executive Officer, as appropriate to allow timely decisions regarding required disclosure. As of April 2007, new management
began an assessment of the effectiveness of the design and operation of the Company’s disclosure controls. Based on an initial
assessment that has not been completed yet, management has determined that the Company’s disclosure controls as of December
31, 2003, December 31, 2004, December 31, 2005, December 31, 2006, and December 31, 2007 were ineffective because of, but not limited
to, the material weaknesses discussed below.



A material weakness
is a significant deficiency (within the meaning of Public Company Accounting Oversight Board Auditing Standard No. 2), or combination
of significant deficiencies, that results in there being a more than remote likelihood that a material misstatement of the annual
or interim financial statements will not be prevented or detected.



Material weakness
has been identified during the audit of our December 31, 2007 financial statements relating to the December 31, 2003, December
31, 2004, December 31, 2005, December 31, 2006, and December 31, 2007 financial statements. Since 2003 there has been a lack of
personnel with sufficient knowledge of US generally accepted accounting principles and SEC reporting requirements to ensure proper
and timely evaluation of the Company’s activities and transactions. There has also been inadequate knowledge of the application
of certain technical interpretations of certain generally accepted accounting principles. The Company has not retained outside
experts to review its disclosure controls and procedures or its internal controls and consequently, no reports or recommendations
regarding these controls were requested or prepared.



To mitigate this
weakness, the Company engaged a consultant to assist with the preparation of the financial restatements of prior years and other
accounting issues. This consultant was not paid on a timely basis and subsequent to the bankruptcy filing has refused to cooperate
with new management or deliver working papers and accounting work completed during 2006. Since March of 2007, management terminated
several of our accounting staff and hired 2 new individuals to assist with the preparation of the financial statements, SEC reports,
US Trustee reports, and other accounting issues.



25







In conducting our assessment of internal
control over financial reporting, we have also identified a lack of segregation of duties to be a potential material weakness in
internal controls. Lack of segregation of duties is inherent to our company due to the small number of employees.



In connection with
the preparation of our Annual Report on Form 10-K for fiscal 2007, management has identified material weakness in the operations
of the Company’s internal control. The material weakness relate to, among other things, the completeness of the review and
inadequate consideration in the application of many technical interpretations of generally accepted accounting principles as evidenced
by adjustments in several areas.





New management will
continue the efforts to remediate this material weakness through ongoing process improvements and the implementation of enhanced
policies, engaging third-party financial and financial system consultants, and improving standards. Accordingly, the material weaknesses
may not have all been identified and are not yet remediated. No material weaknesses will be considered remediated until the remedial
procedures have operated for an appropriate period, have been tested, and management has concluded that they are operating effectively.
We cannot be certain that any measures we take will ensure that we implement and maintain adequate controls over our financial
reporting processes and that we will remediate the material weakness. Any failure to implement required new or improved controls
or to remediate the material weakness, or difficulties encountered in their implementation, could prevent us from accurately reporting
our financial results, result in material misstatements in our financial statements or cause us to fail to meet our reporting obligations.
In addition, we cannot assure you that we will not in the future identify further material weaknesses in our internal control over
financial reporting that we have not discovered to date, which may impact the reliability of our financial reporting and financial
statements. Our ability to implement any improvements in these areas will be limited by our human and financial resources.



(b) CHANGES IN INTERNAL
CONTROLS. There were no changes in internal controls over financial reporting that occurred during the period covered by this report
that has materially affected, or is likely to materially effect, the Company’s internal control over financial reporting.





ITEM 9B. OTHER INFORMATION



Not applicable.















26











PART III.



ITEM 10. DIRECTORS, EXECUTIVE OFFICERS
AND CORPORATE GOVERNANCE



The following table sets forth the names
and ages of our executive officers, directors, promoters, and control persons as of April 13, 2007. There are no family relationships
among our executive officers and directors. Also provided herein are brief descriptions of the business experience of each executive
officer and director during the last five years and an indication of directorships held by each individual in other companies subject
to the reporting requirements under the federal securities laws.



|Name                  |  | Age |  | Position                                               
|--------------------- |  | --- |  | -------------------------------------------------------
|A. John A. Bryan, Jr. |  | 56  |  | Chief Executive Officer and Chief Restructuring Officer
|Michael L. Jeub       |  | 68  |  | Director                                               



A. JOHN A. BRYAN, JR.
, Chief Executive Officer and Chief Restructuring Officer . A. John A. Bryan Jr. was appointed as our
Chief Executive Officer and Chief Restructuring Officer on March 7, 2007. A. John A. Bryan, Jr. is also the CEO or The Watley Group,
LLC, a California based consulting firm specializing in Chapter 11 reorganizations, mergers and acquisitions, and management consulting.
Mr. Bryan was formerly the CEO of Cetalon Corporation, a health and nutrition company operating as a licensee of Sears Roebuck
that filed for Chapter 11 in January of 2003. From 1987 to the present, Mr. Bryan has also served as the Chief Executive Officer
and Senior Managing Director of Investment Banking of Watley and its predecessor, Watley Investments Limited. In that capacity,
from 2000 to the present, Mr. Bryan worked directly on the restructuring of Claydan Enterprises, the predecessor company of Cetalon
Corporation and he was involved in plan of reorganization of Seracare, Inc. He earned a Bachelor of Arts degree in Economics from
the University of Texas and an MBA from the University of Pittsburgh.



MICHAEL L. JEUB, Director, and
Chairman of the Audit Committee. Michael L. Jeub is one of our directors and has served in this capacity since July, 2004.
Mr. Jueb also serves as a member of our compensation committee and our audit committee. Mr. Jeub is currently a Partner with the
San Diego office of Tatum Partners, a national firm of chief financial officers and chief information officers. Mr. Jeub has been
on assignment as Chief Financial Officer for Road Runner Sports from January 2005 to the present. From June 2002 to October 2003,
Mr. Jeub served as Chief Financial Officer and Vice President of Finance for The Immune Response Corporation, a biotech company
co-founded by Jonas Salk. Prior to joining Tatum Partners, Mr. Jeub was Senior Vice-President and CFO of Jenny Craig International,
a $350 million NYSE company for five years. Previously, Mr. Jeub was Senior Vice-President and Chief Financial Officer of National
Health Laboratories, a NYSE company, at which he was the financial liaison with the controlling investor. Mr. Jeub also served
first as Chief Financial Officer and then as President of Medical Imaging Centers of America, a publicly held chain of freestanding
imaging centers and hospital leased imaging centers. Mr. Jeub spent 18 years with International Clinical Laboratories, a publicly
held national chain of medical testing facilities. Mr. Jeub began his career at ICL as regional controller, was promoted to Chief
Financial Officer during the bulk of his tenure and was President-ICL East for the last two years. Mr. Jeub was responsible for
SEC filings and analyst presentations at ICL. Mr. Jeub holds a Bachelor of Science in Accounting from California State Polytechnic
University-Pomona. Upon graduation, Mr. Jeub joined Ernst & Young LLP where he earned his CPA Certificate (currently inactive).





27







Audit Committee, Financial Expert
and Compensation Committee



Our Audit Committee is composed of Michael
Jeub. The Audit Committee assists our Board of Directors in fulfilling their oversight responsibilities with respect to:



|· | Quarterly and annual consolidated financial statements and financial information filed with the Securities and Exchange Commission,
|- | -----------------------------------------------------------------------------------------------------------------------------------
|· | System of internal controls,                                                                                                       
|· | Financial accounting principles and policies,                                                                                      
|· | Internal and external audit processes, and                                                                                         
|· | Regulatory compliance programs.                                                                                                    



The committee may meet periodically
with management to consider the adequacy of our internal controls and financial reporting process. It also may discuss these matters
with our independent auditors and with appropriate financial personnel employed by us. The committee reviews our financial statements
and discusses them with management and our independent auditors before those financial statements are filed with the Securities
and Exchange Commission.





Audit Committee Financial Expert



The Board of Directors has determined
and Mr. Jeub has agreed to serve as the Audit Committee's financial expert. We believe that Mr. Jeub is independent, as that term
is used in Item 7(d)(3)(iv) of Schedule 14A under the Securities and Exchange Act. Because we are not a listed issuer, the members
of the Audit Committee are not subject to the independence requirements of any national securities exchange or association.



Compliance with Section 16(a) of
the Exchange Act



Section 16(a) of the Exchange Act requires
our officers, directors and persons who own more than 10% of any class of our securities registered under Section 12(g) of the
Exchange Act to file reports of ownership and changes in ownership with the SEC. Officers, directors and greater than 10% stockholders
are required by SEC regulation to furnish us with copies of all Section 16(a) forms they file.



Based solely on our review of copies
of such reports, we believe that we are not compliant with all filing requirements of Section 16(a) applicable to our officers,
directors and 10% stockholders during fiscal 2007.





28







ITEM 11. EXECUTIVE COMPENSATION



Executive Officers



The following table sets forth certain
summary information for the fiscal years ended December 31, 2007 and 2006 regarding compensation awarded to, earned by, or paid
to our Chief Executive Officer and other Executive Officers.



|Name and Principal Position |  | Year |      | Salary ($) (1) |  | Bonus ($) |  | Stock Awards ($) |   | Option Awards ($) |  | Non-Equity Incentive Plan Compensation ($) |  | Change in Pension Value and Non-Qualified Deferred Compensation Earnings ($) |   | All Other Compensation ($) |  | Total ($) | 
|--------------------------- |  | ---- | ---- | -------------- |  | --------- |  | ---------------- | - | ----------------- |  | ------------------------------------------ |  | ---------------------------------------------------------------------------- | - | -------------------------- |  | --------- | 
|A. John A. Bryan, Jr.       |  |      | 2007 |                |  | 225,000   |  |                  |   |                   |  | 0                                          |  |                                                                              | 0 |                            |  | 0         | 
|Joel A. Shapiro (1)         |  |      | 2006 |                |  | 275,000   |  |                  | 0 |                   |  | 9,689,625                                  |  |                                                                              | 0 |                            |  | 0         | 
|President and Director      |  |      |      |                |  |           |  |                  |   |                   |  |                                            |  |                                                                              |   |                            |  |           | 







Outstanding Equity Awards at Fiscal Year-End Table.



There were no Outstanding Equity Awards.





Director Compensation



There was no Director Compensation.



Our directors who are employees do not
receive any compensation from us for services rendered as directors.



Each of our non-employee directors receives
15,000 shares per year for serving on the Board of Directors .



Non-employee directors may in the future be granted incentive-based
stock compensation.





Employment Agreements and Change of Control Arrangements



The Company does not have an employment
agreement in place with any of its other executive officers. No change of control is contemplated at this time.





Stock Option Plans



The Company currently offers no stock option or incentive
plans.





29







ITEM 12. YEAR END 2007 SECURITY OWNERSHIP OF CERTAIN
BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS.



As used in this section, the term beneficial
ownership with respect to a security is defined by Rule 13d-3 under the Securities Act of 1934, as amended, as consisting of sole
or shared voting power (including the power to vote or direct the vote) and/or sole or shared investment power (including the power
to dispose of or direct the disposition of) with respect to the security through any contract, arrangement, understanding, relationship,
or otherwise, subject to community property laws where applicable. Except as otherwise indicated, the address of each beneficial
owner is c/o our business address 8439 Sunset Boulevard, Suite 402, Los Angeles, CA 90069.



The following table sets forth, as of
December 31, 2007, the beneficial ownership of our common stock by each executive officer and director, by each person known by
us to beneficially own more than 5% of our common stock and by the executive officers and directors as a group. Except as otherwise
indicated, all shares are owned directly and the percentage shown is based on 8,619,389 shares of common stock issued and outstanding
as of the date of this SEC filing on Form 10-K.





ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS
AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS



Number of Shares as of December 31st,
2007







|                                                                                         |  | Number of    |           | Number of  |  | Total        |           | Percent of  
|---------------------------------------------------------------------------------------- |  | ------------ | --------- | ---------- |  | ------------ | --------- | ------------
|                                                                                         |  | Shares       |           | Shares     |  | Shares       |           | Shares      
|                                                                                         |  | Beneficially |           | Underlying |  | Beneficially |           | Beneficially
|Name and Address of Beneficial Owner(1)                                                  |  | Owned        |           | Options    |  | Owned        |           | Owned(2)    
|                                                                                         |  |              |           |            |  |              |           |             
|5% Shareholders:                                                                         |  |              |           |            |  |              |           |             
|Joel Shapiro      1711 Propietors Crossing      New Canaan, CT 06840                     |  | 1,249,925    |           |            |  |              | 1,249,925 |             
|                                                                                         |  |              |           |            | 
|                                                                                         |  |              |           |            |  |              |           |             
|The Watley Group LLC      8439 Sunset Boulevard, Suite 402      West Hollywood, CA 90069 |  | 469,800      |           |            |  |              | 469,800   |             
|                                                                                         |  |              |           |            | 
|                                                                                         |  |              |           |            | 
|                                                                                         |  |              |           |            |  |              |           |             
|                                                                                         |  |              |           |            |  |              |           |             
|Directors and Named Executive Officers:                                                  |  |              |           |            |  |              |           |             
|A. John A. Bryan                                                                         |  |              | 469,800   | (3)        |  | —            |           |             
|                                                                                         |  |              |           |            |  |              |           |             
|                                                                                         |  |              |           |            |  |              |           |             
|Michael L. Jeub                                                                          |  |              | —         |            |  | —            |           |             
|                                                                                         |  |              |           |            |  |              |           |             
|All directorsand executive officers as a group                                           |  |              | 1,719,725 |            |  |              |           |             





|(1) | Based on Schedule 13G/A filed
        with the SEC on February 14, 2007 by Laurus. As of December 31, 2006, Laurus held (i) a Secured Convertible Term Note, in the aggregate
        initial principal amount of $34,500,000, which is convertible into Shares at a conversion rate of $3.50 per Share, subject to certain
        adjustments (the "Term Note"), (ii) warrants to acquire 166,675 Shares at an exercise price of $46.50 per Share, subject
        to certain adjustments (the "2005 Warrants"), (iii) warrants to acquire 650,000 Shares at an exercise price of $3.50
        per Share, subject to certain adjustments (the "March Warrants"), (iv) warrants to acquire 350,000 Shares at an exercise
        price of $3.50 per Share, subject to certain adjustments (the "September Warrants", and together with the 2005 Warrants
        and the March Warrants, the "Warrants"), and (v) 349,680 Shares. The Term Note and each of the Warrants contain an issuance
        limitation prohibiting the Fund from converting or exercising those securities to the extent that such conversion or exercise would
        result in beneficial ownership by Laurus of more than 4.99% of the Shares then issued and outstanding (the "4.99% Issuance
        Limitation"). The 4.99% Issuance Limitation may be waived by the Fund upon at least 75 days prior notice to the Company and
        shall automatically become null and void following notice to the Issuer of the occurrence and/or continuance of an event of default
        (as defined in and pursuant to the terms of the applicable instrument). Laurus is managed by Laurus Capital Management, LLC. Eugene
        Grin and David Grin, through other entities, are the controlling principals of Laurus Capital Management, LLC and share sole voting
        and investment power over the securities owned by the Fund.
        All Laurus debt was discharged
        by Court Order pursuant to the Viansa Plan. All warrants and Equity were cancelled by Court Order pursuant to the Global Plan.
|--- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

30









|(2) | Based on Schedule 13G/A filed
        with the SEC on January 30, 2007 by Gryphon Master Fund LP. Includes warrants to purchase 47,037 shares of the Issuer’s Common
        Stock, and (ii) 689,700 shares of the Issuer’s Common Stock underlying the Issuer’s 7.5% Senior Secured Convertible
        Note Due 2006 (which shares, pursuant to Rule 13d-3(d)(1)(i)(D) promulgated under the Securities Exchange Act of 1934, as amended,
        are deemed to be outstanding for the purpose of computing the percentage of outstanding shares of the Issuer’s Common Stock
        owned by the Reporting Person), and (iii) 58,670 shares of the Issuer’s Common Stock. The shares of the Issuer’s Common
        Stock reported are owned directly by Gryphon Master Fund. The General Partner of Master Fund is Gryphon Partners, which may be
        deemed to be the beneficial owner of all such shares of Common Stock owned by Gryphon Master Fund. The General Partner of Gryphon
        Partners is GMP, which may be deemed to be the beneficial owner of all such shares of Common Stock owned by Master Fund. The General
        Partner of GMP is Gryphon Advisors, which may be deemed to be the beneficial owner of all such shares of Common Stock owned by
        Master Fund. Lyon controls Gryphon Advisors and may be deemed to be the beneficial owner of all such shares of Common Stock owned
        by Master Fund. Each of Gryphon Partners, GMP, Gryphon Advisors and Lyon disclaims any beneficial ownership of any such shares
        of Common Stock owned by Gryphon Master Fund.
        All Gryphon debt was discharged
        by Court Order pursuant to the Viansa Plan. All warrants and Equity were cancelled by Court Order pursuant to the Global Plan.
|--- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|(3) | Represents shares issued to
        the Watley Group LLC, of which Mr. Bryan is the President and Chief Executive Officer.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                



ITEM 12A. YEAR END 2008 SECURITY OWNERSHIP OF CERTAIN
BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS.



Subsequent Event:



Pursuant to the confirmed Global Plan, all our common stock,
warrants, and equity interests were cancelled and 5,000,000 shares of New Common Stock was issued. The New Common Stock (CUSIP
885573 303) will be distributed as follows pursuant to the Global Plan:

•	3,750,000 shares of New Common Stock will be distributed
to the Administrative Claimants and Allowed Professional Claimants;

•	1,000,000 shares of New Common Stock will be distributed
to Class 4 General Unsecured Creditors;

•	50,000 shares of New Common Stock will be distributed
to Class 5 General Unsecured Creditor;

•	100,000 shares of New Common Stock will be distributed
to Class 6 equity security holders;

•	100,000 shares of New Common Stock will be distributed
to the 360 Global Liquidating Trust.





The New Common Stock is to be issued pursuant to the Global
Plan as confirmed in December of 2008 and does not need not be registered under the Securities Act or any state or local securities
laws, except as provided in the Global Plan.





|                                           | Shares    |  | %    
|------------------------------------------ | --------- |  | -----
|John Bryan                                 | 1,412,410 |  | 28.25
|Levene, Neale, Bender, Yoo & Brill L.L.P.  | 1,288,970 |  | 25.78
|360 Global Wine Company liquidating Trust* | 550,284   |  | 11.01
|Gryphon Master Fund                        | 422,975   |  | 8.46 
|Kirkland Knightsbridge LLC                 | 360,769   |  | 7.22 





* Trust Shares held for 3th parties









31







Changes in Control



We are not aware of any arrangements
which may result in a change in control of the Company.





ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS,
AND DIRECTOR INDEPENDENCE



For the twelve-month period ended December 31, 2007, there
are no related transaction.





ITEM 14. PRINCIPAL ACCOUNTANT FEES
AND SERVICES.



The following sets forth fees billed
to us for the fiscal years ended December 31, 2007 for: (i) services rendered for the audit of our annual financial statements
and the review of our quarterly financial statements, (ii) services by our auditor that are reasonably related to the performance
of the audit or review of our financial statements and that are not reported as Audit Fees, (iii) services rendered in connection
with tax compliance, tax advice and tax planning, and (iv) all other fees for services rendered.





Audit Fees



The aggregate fees billed for professional
services rendered by our principal accountants for the audit of our financial statements, for the reviews of the financial statements
included in our annual report on Form 10-K, and for other services normally provided in connection with statutory filings are for
the 10K and three 10Q's were fully provided for in the Viansa Plan.

Audit Committee Policies and Procedures



The policy of our Audit Committee is
to pre-approve all audit and permissible non-audit services to be performed by the Company’s independent auditors during
the fiscal year.



No services related to Audit-Related
Fees, Tax Fees or All Other Fees described above, were approved by the Audit Committee.



Tax Fees



For the twelve-month period ending December
31, 2007, there are no tax fees paid.





All Other Fees



For the twelve-month period ending December
31, 2007, there are no other fees.





32









ITEM 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES



Exhibits





|41.1+ | Certification of Chief Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002                                               
|----- | -------------------------------------------------------------------------------------------------------------------------------------------------
|      |                                                                                                                                                  
|42.1+ | Certification of Chief Executive Officer Pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
|      |                                                                                                                                                  
|33.1+ | Order Confirming 360 Viansa, LLC's Second Amended Plan of Reorganization (Plan attached)                                                         
|      |                                                                                                                                                  
|34.1+ | Order Confirming 360 Global Wine Company, Inc.'s Disclosure Statement and Plan of Reorganization (Plan attached)                                 







+ Filed herewith.









33









SIGNATURES

In accordance with Section 13 or 15(d) of the Securities Exchange Act,  the registrant caused
this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: September 20, 2012

| | 360 Global Investments                      
| | --------------------------------------------
| | By: /s/ A. John A. Bryan                    
| | A. John A. Bryan, Jr.Chief Executive Officer











34







REPORT OF INDEPENDENT REGISTERED PUBLIC
ACCOUNTING FIRM







To the Board of Directors and Stockholders
of

360 Global Investments and Subsidiaries
(Formerly 360 Global Wine Company)

Los Angeles, California



We have audited the accompanying consolidated
balance sheets of 360 Global Investments and Subsidiaries (Formerly 360 Global Wine Company) as of December 31, 2007 and 2006 and
the related consolidated statements of operations, comprehensive income, stockholders’ equity and cash flows for the years
then ended. These financial statements are the responsibility of the Company’s management. Our responsibility is to express
an opinion on these financial statements based on our audits.



We conducted our audits in accordance
with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform
the audits to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes
examining, on a test basis, evidence supporting the amounts and disclosures in the consolidated financial statements. An audit
also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the
overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.



In our opinion, the consolidated financial
statements referred to above present fairly, in all material respects, the consolidated financial position of 360 Global Investments
and Subsidiaries (Formerly 360 Global Wine Company) as of December 31, 2007 and 2006, and the results of its operations and its
cash flows for the years then ended in conformity with accounting principles generally accepted in the United States of America.



The accompanying financial statements
have been prepared assuming that the Company will continue as a going concern. As discussed in Note 14 to the financial statements,
the Company has suffered significant losses and will require additional capital to develop its business until the Company either
(1) achieves a level of revenues adequate to generate sufficient cash flows from operations; or (2) obtains additional financing
necessary to support its working capital requirements. In addition, the Company has filed for Chapter 11 bankruptcy protection
in order to reorganize and work out its debt arrangements. These conditions raise substantial doubt about the Company’s ability
to continue as a going concern. Management’s plans in regard to these matters are also described in Note 14. The financial
statements do not include any adjustments that might result from the outcome of this uncertainty.





The Hall Group, CPAs

Dallas, Texas



August 14, 2012



35







|360 GLOBAL INVESTMENTS AND SUBSIDIARIES                             
|--------------------------------------------------------------------
|Consolidated Balance Sheets                                         
|As of December 31, 2007 and 2006                                    
|____________________________________________________________________





|ASSETS      
|------------
|            
|            
|            
|            
|            
|            
|            
|            
|            
|            
|            
|            
|            
|            
|            
|            
|            
|            
|            
|Total Assets

The accompanying notes are
an integral part of these financial statements.





F-1







|360 GLOBAL INVESTMENTS AND SUBSIDIARIES                             
|--------------------------------------------------------------------
|Consolidated Balance Sheets                                         
|As of December 31, 2007 and 2006                                    
|____________________________________________________________________







|LIABILITIES AND STOCKHOLDERS’ EQUITY    
|----------------------------------------
|                                        
|                                        
|Liabilities & Stockholders' Equity      
|                                        
|                                        
|                                        
|                                        
|                                        
|                                        
|                                        
|                                        
|                                        
|                                        
|                                        
|                                        
|                                        
|                                        
|                                        
|                                        
|                                        
|                                        
|                                        
|                                        
|                                        
|                                        
|                                        
|                                        
|                                        
|                                        
|                                        
|                                        
|                                        
|                                        
|                                        
|Total Liabilities & Stockholders' Equity

The accompanying notes are
an integral part of these financial statements.

F-2







|360 GLOBAL INVESTMENTS AND SUBSIDIARIES                                            
|-----------------------------------------------------------------------------------
|Consolidated Statements of Operations                                              
|For the Years Ended December 31, 2007 and 2006                                     
|___________________________________________________________________________________



|                                                        |                                            |                                                                       |                        |              |             |              | 2007         |  | 2006
|------------------------------------------------------- | ------------------------------------------ | --------------------------------------------------------------------- | ---------------------- | ------------ | ----------- | ------------ | ------------ |  | ----
|                                                        |                                            |                                                                       |                        |              |             |              |              |  |     
|Revenues                                                |                                            |                                                                       | $                      | 0            | $           | 17,268,132  
|                                                        |                                            |                                                                       |                        |              |             |              |              |  |     
|Cost of Goods Sold - continuing operations              |                                            | 0                                                                     |                        | (9,695,739) 
|                                                        |                                            |                                                                       |                        |              |             |              |              |  |     
|Gross Profit - continuing operations                    |                                            | 0                                                                     |                        | 7,572,393   
|                                                        |                                            |                                                                       |                        |              |             |              |              |  |     
|Operating Expenses                                      |                                            |                                                                       |                        |             
|                                                        | Sales & Marketing                          |                                                                       | 91,777                 |              | 9,881,330  
|                                                        | General & Administrative                   |                                                                       | 2,760,602              |              | 24,843,226 
|Total Operating Expenses - continuing operations        |                                            | 2,852,379                                                             |                        | 34,724,556  
|                                                        |                                            |                                                                       |                        |              |             |              |              |  |     
|Loss from Continuing Operations                         |                                            | (2,852,379)                                                           |                        | (27,152,163)
|                                                        |                                            |                                                                       |                        |              |             |              |              |  |     
|Other Income (Expense) from Continuing Operations       |                                            |                                                                       |                        |             
|                                                        | Interest Expense                           |                                                                       |                        |              |            
|                                                        |                                            | Interest Expense                                                      |                        | 0            |             | (9,140,346) 
|                                                        |                                            | Interest Expense - Original. Issue Discount Accretion                 |                        | 0            |             | (19,189,846)
|                                                        |                                            | Interest Expense - Derivatives Financial Instruments                  |                        | 0            |             | (6,245,007) 
|                                                        |                                            |                                                                       | Total Interest Expense |              | 0           |              | (34,575,199)
|                                                        |                                            |                                                                       |                        |              |             |              |              |  |     
|                                                        |                                            | Decrease in the fair market value of Financial Instrument Derivatives |                        | 0            |             | (23,831,044)
|                                                        |                                            | Other Income (Expense)                                                |                        | 0            |             | (175,656)   
|Total Other Income (Expense) from Continuing Operations |                                            | 0                                                                     |                        | (24,006,700)
|                                                        |                                            |                                                                       |                        |              |             |              |              |  |     
|Income (loss) from continuing operations                |                                            | (2,852,379)                                                           |                        |             
|Discontinued Operations                                 |                                            |                                                                       |                        |             
|                                                        | Income (Loss) from Discontinued Operations |                                                                       | 39,152,495             |              | (3,391,689)
|Total (Gain) Loss from Discontinued Operations          |                                            | 39,152,495                                                            |                        | (3,391,689) 
|                                                        |                                            |                                                                       |                        |              |             |              |              |  |     
|Income before taxes                                     |                                            | 36,300,116                                                            |                        | (89,125,751)
|Provision for taxes                                     |                                            | 0                                                                     |                        | 0           
|                                                        |                                            |                                                                       |                        |              |             |              |              |  |     
|Net Income                                              |                                            |                                                                       | $                      | 36,300,116   | $           | (89,125,751)

The accompanying notes are
an integral part of these financial statements.

F-3









|360 GLOBAL INVESTMENTS AND SUBSIDIARIES                                            
|-----------------------------------------------------------------------------------
|Consolidated Statements of Operations                                              
|For the Years Ended December 31, 2007 and 2006                                     
|___________________________________________________________________________________





|                                                        |  | 2007 |           | 2006 |  
|------------------------------------------------------- |  | ---- | --------- | ---- | -
|                                                        |  |      |           |      |  
|Income (loss) per share of common
    stock:            |  |      |           |      |  
|Basic:                                                  |  |      |           |      |  
|Income (loss) from:                                     |  |      |           |      |  
|Continuing operations                                   |  | $    | (0.33     | )    | $
|Discontinued operations                                 |  |      | 4.55      |      |  
|                                                        |  |      |           |      |  
|Net income
    (loss) per common share - basic          |  | $    | 4.22      |      | $
|                                                        |  |      |           |      |  
|Diluted:                                                |  |      |           |      |  
|Income (loss) from:                                     |  |      |           |      |  
|Continuing operations                                   |  | $    | (0.33     | )    | $
|Discontinued operations                                 |  |      | 4.55      |      |  
|                                                        |  |      |           |      |  
|Net income
    (loss) per common share - diluted        |  | $    | 4.22      |      | $
|                                                        |  |      |           |      |  
|Weighted
    average number of common shares - basic    |  |      | 8,602,710 |      |  
|                                                        |  |      |           |      |  
|Weighted
    average number of common assuming dilution |  |      | 8,602,710 |      |  



The accompanying notes
are an integral part of these financial statements.









F-4







360 GLOBAL INVESTMENTS AND SUBSIDIARIES

|Consolidated
Statements of Stockholders' Equity                                     
|------------------------------------------------------------------------------------
|For the Years Ended December 31, 2007 and 2006                                      
|____________________________________________________________________________________



|                                                  |  |              |           |         |   | Additional  |  |         |            |      
|------------------------------------------------- |  | ------------ | --------- | ------- | - | ----------- |  | ------- | ---------- | -----
|                                                  |  | Common Stock |           | Paid-In |   | Accumulated |  |        
|                                                  |  | Shares       |           | $       |   | Capital     |  | Deficit |            | Total
|                                                  |  |              |           |         |   |             |  |         |            |      
|Balance, December 31, 2005                        |  |              | 438,074   |         | $ | 438         |  | $       | 15,658,694 |      
|                                                  |  |              |           |         |   |             |  |         |            |      
|Shares issued to employees as compensation        |  |              | 1,675,650 |         |   | 1,676       |  |         | 12,440,299 |      
|Shares issued to consultants as compensation      |  |              | 1,822,067 |         |   | 1,822       |  |         | 11,761,695 |      
|Shares issued for cash                            |  |              | 71,429    |         |   | 71          |  |         | 249,929    |      
|Shares issued in connection with debt instruments |  |              | 3,935,614 |         |   | 3,935       |  |         | 17,568,159 |      
|Shares issued in exchange for interest payments   |  |              | 359,545   |         |   | 360         |  |         | 383,047    |      
|Shares issued in exchange for warrants            |  |              | 181,724   |         |   | 182         |  |         | -          |      
|Warrants issued for debt incentives               |  |              |           |         |   |             |  |         | 2,275,000  |      
|Warrants issued to short term note holder         |  |              |           |         |   |             |  |         | 350,000    |      
|Warrants issued to employees for future services  |  |              |           |         |   |             |  |         | 262,500    |      
|Net income (loss)                                 |  |              |           |         |   |             |  |         |            |      
|                                                  |  |              |           |         |   |             |  |         |            |      
|Balance, December 31, 2006                        |  |              | 8,484,103 |         |   | 8,484       |  |         | 60,949,323 |      
|                                                  |  |              |           |         |   |             |  |         |            |      
|Shares issued to employees as compensation        |  |              | 40,000    |         |   | 40          |  |         | 139,960    |      
|Shares issued in connection with debt instruments |  |              | 86,286    |         |   | 86          |  |         | 301,915    |      
|Shares issued in exchange for interest payments   |  |              | 9,000     |         |   | 9           |  |         | 31,491     |      
|Net income (loss)                                 |  |              |           |         |   |             |  |         |            |      
|                                                  |  |              |           |         |   |             |  |         |            |      
|Balance, December 31, 2007                        |  |              | 8,619,389 |         |   | 8,619       |  |         | 61,422,689 |      



The accompanying notes
are an integral part of these financial statements.







F-5







|360 GLOBAL INVESTMENTS AND SUBSIDIARIES                                            
|-----------------------------------------------------------------------------------
|Consolidated Statements of Cash Flows                                              
|For the Years Ended December 31, 2007 and 2006                                     
|___________________________________________________________________________________



|                                                                                               |   | 2007         |   |  | 2006        
|---------------------------------------------------------------------------------------------- | - | ------------ | - |  | ------------
|Cash flows from operating activities:                                                          |   |              |   |  |             
|Net income (loss)                                                                              | $ | 36,300,116   | $ |  | (89,125,751)
|Add back: Net loss from discontinued operations                                                |   | (39,152,495) |   |  | 3,391,689   
|Net income (loss) from continuing operations                                                   |   | (2,852,379)  |   |  | (85,734,062)
|Adjustments to reconcile net income (loss) to cash provided by (used in) operating activities: |   |              |   |  |             
|Depreciation and amortization                                                                  |   | -            |   |  | 391,097     
|Interest expense, non-cash                                                                     |   | -            |   |  | 9,301,821   
|Interest expense, accretion of original issue discount                                         |   | -            |   |  | 19,189,845  
|Decrease in other assets, net                                                                  |   | -            |   |  | 407,164     
|Loss on forfeiture of KKLLC                                                                    |   | -            |   |  | 2,306,187   
|Loss on write down of assets held for sale                                                     |   | -            |   |  | 1,211,755   
|Stock Compensation                                                                             |   | 473,501      |   |  | 24,399,387  
|Loss (gain) on fair market value of financial instrument derivative liabilities                |   | -            |   |  | 32,118,592  
|Adjustments to net income (loss) from continuing operation                                     |   | 476,501      |   |  | 89,325,848  
|                                                                                               |   |              |   |  |             
|Decrease (increase) in assets:                                                                 |   |              |   |  |             
|Accounts receivable-trade                                                                      |   | -            |   |  | (282,443)   
|Inventories                                                                                    |   | -            |   |  | (1,132,310) 
|Prepaid expenses and other                                                                     |   | -            |   |  | (113,470)   
|Increase (decrease) in liabilities:                                                            |   |              |   |  |             
|Accounts payable-trade                                                                         |   | -            |   |  | 1,289,353   
|Accrued expenses                                                                               |   | 250,000      |   |  | 1,870,026   
|Deferred Revenue                                                                               |   | -            |   |  | -           
|Note Payable in Default                                                                        |   | -            |   |  | -           
|Line of Credit                                                                                 |   | -            |   |  | -           
|Accrued interest                                                                               |   | -            |   |  | 2,356,923   
|Net cash provided (used) in operating activities of continuing operations                      |   | 2,128,877    |   |  | 7,579,865   
|                                                                                               |   |              |   |  |             
|Cash flows from operating activities:                                                          |   |              |   |  |             
|Purchase of property and equipment                                                             |   | -            |   |  | (66,577)    
|Disposal of equipment                                                                          |   | -            |   |  | 257,178     
|Cash provided (used) in investing activities                                                   |   | -            |   |  | 190,601     
|                                                                                               |   |              |   |  |             
|Cash flows from financing activities:                                                          |   |              |   |  |             
|Sale of common stock                                                                           |   | -            |   |  | 250,000     
|Disposition of stock value guarantee                                                           |   | -            |   |  | (10,000,000)
|Proceeds from notes payable                                                                    |   | -            |   |  | 3,318,970   
|Bank overdraft                                                                                 |   | -            |   |  | 466         
|Payments on note payable                                                                       |   | -            |   |  | (234,595)   
|Cash provided (used) by financing activities                                                   |   | -            |   |  | (6,665,159) 
|                                                                                               |   |              |   |  |             
|Cash (used) by discontinued operations                                                         |   | (1,980,068)  |   |  | (1,085,502) 
|                                                                                               |   |              |   |  |             
|Net increase (decrease) in cash                                                                |   | (148,810)    |   |  | 19,805      
|Cash at the beginning of period                                                                |   | 148,810      |   |  | 129,005     
|                                                                                               |   |              |   |  |             
|Cash at end of period                                                                          | $ | 0            | $ |  | 148,810     



The accompanying notes are
an integral part of these financial statements.

F-6







360 GLOBAL INVESTMENTS AND SUBSIDIARIES

Notes to the Consolidated Financial
Statements

For the years ending December 31,
2007 and 2006





1.  Business and the Basis of Presentation,
Organization and Nature of Operation



Description of Business



360 Global was incorporated in October 2002 in the state
of Nevada. In August 2003, the Company completed a recapitalization transaction with Tech-net Communications, Inc. a Nevada corporation
that was incorporated in May 2000 (reverse merger). Following the reverse merger the name Tech-net Communications, Inc. was changed
to Knightsbridge Fine Wines, Inc. In February 2005, that name was changed from Knightsbridge Fine Wines, Inc. to 360 Global Wine
Company. 360 Global is now the parent company to its operating subsidiary and is referred to herein as the Company. Although the
Company is the legal parent company, the share exchange was treated as a recapitalization of 360 Global. 360 Global is the continuing
entity for financial reporting purposes. The financial statements have been prepared as if 360 Global has always been the reporting
company and on the share exchange date, had changed its name and reorganized its capital stock. The recapitalization transaction
results in severe limitations being in place on the use of the Company’s net operating loss carryovers.



360 Global is a publicly traded investment holding company
that has invested in a number of diverse business activities and that has targeted a number of industries for future investment.
360 Global is domiciled in the state of Nevada and its corporate headquarters are located in Los Angeles, CA.



360 Global has invested in or plans to invest in the following
industries:

•	Alcoholic beverage brands focused in the wine category;

•	Mining, mineral extraction, and processing;

•	Biotechnology and medical diagnostic systems;

•	Oil and Gas exploration, production, and distribution;

•	Residential Real Estate;

•	Aviation and aircraft manufacturing;

•	Investment banking services;

•	Financial Services;

•	Stock brokerage and Money Management;

•	Entertainment and Media;

•	Formula One Racing;

•	Spectator Events-Aircraft and Rocket Racing;

•	Film and Television Production;

•	Music Production and Distribution;

•	Broadcast Media;

•	Vacation Properties;

•	Timeshare Properties and Property Management;

•	Energy Market;

•	Electricity Trading and Marketing to commercial
and residential customers.



As approved by the Bankruptcy Court in the Viansa Plan and
Disclosure Statement, Viansa and the Texas Property are being sold including the residential real estate, the mining operations,
as well as the mineral rights. Viansa was sold to Laurus Master Fund, Ltd. (“Laurus”) in December of 2007 for a total
of $40,667,075. The sale resulted in a total discharge of Global’s debt. Global's residual interest in the Texas Property
was limited to $250,000 with the remainder of the property transferred to the Global trust.



As Discussed in Note 13 pursuant to the Viansa Plan, on March
27, 2008, 360 Global sold the Texas Property (properties related to the mining, and mineral extraction, mineral processing, residential
real estate, and vacation properties) to the City of Granite Shoals and the Christ Redeemer Fellowship and received $250,000.



Basis of Presentation

The consolidated financial statements included herein have
been prepared by the Company.



F-7









360 GLOBAL INVESTMENTS AND SUBSIDIARIES

Notes to the Consolidated Financial
Statements

For the years ending December 31,
2007 and 2006







2. Summary of Significant Accounting Policies



Principles of Consolidation



The accompanying condensed consolidated financial statements
include the accounts of consolidated entities since their respective dates of acquisition. All significant inter-company amounts
have been eliminated. These condensed consolidated financial statements do not include the financial statements of Kirkland Knightsbridge,
LLC (a California limited liability corporation) (“KKLLC”) and Springer Mining Company as the Company in May 2006 and
then in June 2006 elected to treat the joint venture and then the subsidiary as a discontinued operation).



Use of Estimates and Assumptions



Preparing the Company's financial statements in conformity
with accounting principles generally accepted in the United States of America ("GAAP") requires management to make estimates
and assumptions that affect reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of
the date of the financial statements and the reported amounts of revenues and expenses during the periods reported. Actual results
could differ from those estimates.



The financial statements include some amounts that are based
on management's best estimates and judgments. The most significant estimates are the valuation of financial instrument derivatives
and the related original issue discount (OID) and beneficial conversion features identified in the issuance of convertible debt
instruments, the valuation of the net assets of discontinued operations, the valuation of Company issued securities used as employee
compensation and for services, the valuation of securities used in business acquisitions, the allocation of the purchase price
in business combinations, the determination of the allowance for uncollectible accounts receivable, the valuation reserve for inventories,
and the valuation reserve for the deferred income tax asset. The Company's estimation process requires assumptions to be made about
future events and conditions, and as such, is inherently subjective and uncertain. Actual results could differ materially from
the Company’s estimates.



Accounts Receivable and Allowance for Doubtful Accounts



The Company extends credit to the customer based on evaluation
of the individual customer’s financial condition and collateral is not required. Accounts receivable - trade are due within
30 to 45 days and are stated at the anticipated amounts due from customers net of any allowance for doubtful accounts. Accounts
receivable - trade, net was as follows:



|                                 |  | 2007 |   | 2006 |  
|-------------------------------- |  | ---- | - | ---- | -
|Accounts receivable - trade      |  | $    | - |      | $
|Allowance for doubtful accounts  |  |      | - |      |  
|                                 |  |      |   |      |  
|Accounts receivable - trade, net |  | $    | - |      | $



Accounts outstanding beyond the contractual payment terms
are considered past due. The Company determines its allowance for doubtful accounts by considering a number of factors, including
the length of time accounts receivable - trade are beyond the contractual payment terms, the Company’s previous loss history,
the customer’s current ability to pay its obligation to the Company and the condition of the premium wine and the industry
as a whole. The Company writes-off accounts receivable when they are identified as uncollectible. Subsequent cash receipts on such
written-off receivables are credited to the allowance for doubtful accounts.





F-8









360 GLOBAL INVESTMENTS AND SUBSIDIARIES

Notes to the Consolidated Financial
Statements

For the years ending December 31,
2007 and 2006





Inventories



All direct and indirect costs related to the making of the
bulk and bottled wine inventories are stated at the lower of average cost, which approximates the first-in, first-out (“FIFO”)
method, or market value. Costs associated with the current year’s unharvested grape crop are deferred and recognized in the
subsequent year when the grapes are harvested. Capitalized unharvested grape crop costs amounted to $29,034 for the year ended
December 31, 2006. For the year ended December 31, 2007, this cost amounted to $0 due to the sale of the wine business in December
of 2007 via the Bankruptcy Court.



Production overhead includes all production costs that are
common to viticulture farming and wine making processes and their related support centers. These costs are accumulated and allocated
based upon the use of resources. Cost is determined on a standard cost basis that approximates the first-in, first-out (“FIFO”)
inventory valuation method.



Market is determined based on net realizable value. Determining
net realizable value requires estimating selling prices and related costs of disposal in the ordinary course of business. Disposal
costs include handling, packing, transportation costs identified with sale of the bulk and bottled wine, and selling expenses such
as commissions and other types of direct sales expense. Appropriate consideration is given to obsolescence, excessive levels, deterioration,
and other factors in evaluating net realizable value.



Property, Plant, and Equipment



Depreciation expense is computed using the straight-line
method over the estimated lives of the related assets, as follows:



|Asset Type        |  | Years |    
|----------------- |  | ----- | ---
|Land Improvements |  |       | 25 
|Vineyards         |  |       | 25 
|Buildings         |  |       | 40 
|Cooperage         |  |       | 3  
|Equipment         |  |       | 3-7



The Company determines the productive lives of grape vines
at the time of acquisition. Routine maintenance and repairs are charged as period operating costs as incurred. The costs of significant
improvements are capitalized. Gains or losses on the disposition of assets are included in operations in the period of asset disposition.



The assets held-for-sale are removed from property, plant,
and equipment classification and shown separately on the balance sheet at their fair value (anticipated sales price less the cost
to sell). The fair values that are less than the recorded net book value of the assets at the time they are identified are charged
to operations and no further depreciation is recognized.



Long-lived assets, including
property, plant, and equipment, are reviewed for impairment whenever events or changes in business circumstances indicate that
the carrying amount of the assets may not be fully recoverable. The estimated undiscounted cash flows associated with the assets
are compared to the carrying amounts to determine if a write-down to fair value is required. If impairment is indicated, the carrying
value of the asset is reduced to its fair value.



Mineral Remnants - Granite



Mineral - granite remnants is classified as a non-current
asset and was acquired as part of the Texas property acquisition in June 2005. Mineral - granite remnants are granite slabs, pieces
and blocks other aggregate stone indigenous to the Texas area as well as other granite slabs and assorted other stone that are
from other areas both inside and outside of the United States. The Company after the Texas property acquisition but before it could
start an extractive mineral business segment concluded that the financial resources necessary to pursue the second business segment
would adversely affect its wine business segment. The Company in April 2006 concluded that the Texas property and the mineral -
granite remnants should be sold. The Texas property in 2006 was reclassified as a non-facility as assets held-for-sale and the
mineral - granite remnants was reclassified as a non-facility as assets held-for-sale and the mineral - granite remnants was reclassified
as a non-current asset.



Subsequent Events:



By Bankruptcy Court Order entered on March 25, 2008, the
Debtor sold the Texas Property (properties related to the mining, and mineral extraction, mineral processing, residential real
estate, and vacation properties ) to the City of Granite Shoals and the Christ Redeemer Fellowship for the aggregate sale price
of $3,200,000 and received a residual interest of $250,000.





F-9







360 GLOBAL INVESTMENTS AND SUBSIDIARIES

Notes to the Consolidated Financial
Statements

For the years ending December 31,
2007 and 2006







Impairment of Fixed Assets and Intangible Assets with
Finite Lives



Unlike goodwill and indefinite-lived intangible assets, the
accounting rules do not provide for an annual impairment test in determining whether fixed assets (e.g., property, plant, and equipment)
and finite-lived intangible assets (e.g., customer lists) are impaired. Instead, they require that a triggering event occur before
testing an asset for impairment. Examples of such triggering events include a significant disposal of a portion of such assets,
an adverse change in the market involving the business employing the related asset, a significant decrease in the benefits realized
from an acquired business or assets, difficulties or delays in integrating the business or assets, and a significant change in
the operations of an acquired business.



Once a triggering event has occurred, the impairment test
employed is based on whether the intent is to hold the asset for continued use or to hold the asset for sale. If the intent is
to hold the asset for continued use, the impairment test involves a comparison of undiscounted cash flows against the carrying
value of the asset as an initial test. If the carrying value of such asset exceeds the undiscounted cash flow, the asset would
be deemed to be impaired. Impairment would then be measured as the difference between the fair value of the fixed or amortizing
intangible asset and the carrying value to determine the amount of the impairment. The Company determines fair value generally
by using the discounted cash flow method. If the intent is to hold the asset for sale and certain other criteria are met (i.e.,
the asset can be disposed of currently, appropriate levels of authority have approved sale, and there is an actively pursuing buyer),
the impairment test is a comparison of the asset’s carrying value to its fair value less costs to sell. To the extent that
the carrying value is greater than the asset’s fair value less costs to sell, an impairment loss is recognized for the difference.
Assets held for sale are separately presented on the balance sheet and are no longer depreciated.



Income Taxes



Deferred tax assets and liabilities are recognized for the
future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities
and their respective tax bases. Deferred tax assets including tax loss and credit carry forwards, and liabilities are measured
using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be
recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the
period that includes the enactment date. Deferred income tax expense represents the change during the period in the deferred tax
assets and deferred tax liabilities. The components of the deferred tax assets and liabilities are individually classified as current
and non-current based on their characteristics. Deferred tax assets are reduced by a valuation allowance when, in the opinion of
management, it is more likely than not that some portion or all of the deferred tax assets will not be realized.



The Company accounts for income taxes in accordance with
SFAS No. 109, Accounting for Income Taxes. Under SFAS No.109, deferred tax assets and liabilities are computed based on
the difference between the financial statement and income tax bases of assets and liabilities using the enacted marginal tax rate.
SFAS No. 109 requires that the net deferred tax asset be reduced by a valuation allowance if, based on the weight of available
evidence, it is more likely than not that some portion or all of the net deferred tax asset will not be realized. The Company continues
to reduce its net deferred tax assets by a 100% valuation allowance.



The net deferred tax asset generated by the loss carry forward
has been fully reserved and will expire in 20 years. The realization of deferred tax benefits is contingent upon future earnings
and therefore, is fully reserved at December 31, 2007.

Accounting for Share-Based Payments



In December 2004, the Financial Accounting Standards Board
(FASB) issued SFAS No. 123(R), Share-Based Payment. This pronouncement amends SFAS No. 123, “Accounting for Stock-Based
Compensation,” and supersedes Accounting Principles Board (APB) Opinion No. 25, Accounting for Stock Issued to Employees
.. SFAS No. 123(R) requires that companies account for awards of equity instruments issued to employees under the fair value method
of accounting and recognize such amounts in their statements of operations. The Company adopted SFAS No. 123(R) on January 1, 2006,
using the modified prospective method and, accordingly, has not restated the consolidated statements of operations for periods
prior to January 1, 2006. Under SFAS No. 123(R), the Company is required to measure compensation cost for all stock-based awards
at fair value on the date of grant and recognize compensation expense in its consolidated statements of operations over the service
period that the awards are expected to vest. As permitted under SFAS No. 123(R), the Company elected to recognize compensation
cost for all options with graded vesting on a straight-line basis over the vesting period of the entire option.



F-10







360 GLOBAL INVESTMENTS AND SUBSIDIARIES

Notes to the Consolidated Financial
Statements

For the years ending December 31,
2007 and 2006







Prior to January 1, 2006, we accounted for stock-based compensation,
as permitted by FASB Statement No. 123; Accounting for Stock-Based Compensation, under the intrinsic value method described
in (APB) Opinion No. 25, Accounting for Stock Issued to Employees , and related Interpretations. Under the intrinsic value
method, no stock-based employee compensation cost is recorded when the exercise price is equal to, or higher than, the market value
of the underlying common stock on the date of grant. We recognized stock-based compensation expense for all grants to consultants
and for those grants to employees where the exercise prices were below the market price of the underlying stock at the measurement
date of the grant.



Fair Value of Financial Instruments



The carrying amounts of cash and cash equivalents, accounts
receivable - trade, advances, accounts payable - trade, other current and accrued liabilities and the put liability, as reported
on the balance sheet, are considered to approximate their fair value given the short-term maturity and/or the liquidity of these
financial instruments. Notes payable and convertible notes payable have been recorded at their fair value based upon the Company’s
recognition of the debt net of related OID and beneficial conversion features. The accretion of OID is recognized as an expense
over the initial life of the promissory note as an adjustment of the effective interest rate. Financial instrument derivatives
related to debt transactions are initially recorded at their fair value.



Financial Instrument Derivatives



SFAS No. 133, Accounting for Derivative Instruments and
Hedging Activities requires the Company to initially measure all financial instrument derivative liabilities at their fair
value, regardless of the purpose or intent of holding them. Gains or losses resulting from changes in the fair value of derivatives
reported by the Company are recorded each period in current operating results as they are not designated as hedging instruments.



Certain Financial Instruments with Characteristics of
Both Liabilities and Equity



SFAS No. 150, Accounting for Certain Financial Instruments
with Characteristics of Both Liabilities and Equity deals with certain financial instruments that must be classified as liabilities
in the balance sheet. These financial instruments include: (1) mandatory redeemable financial instruments (2) obligations to repurchase
the issuer’s equity shares by transferring assets, and (3) obligations to issue a variable number of shares. The Company
had an obligation to repurchase its common shares with cash when it issued a put option and an obligation to issue a variable number
of its shares when it entered into a value guarantee of its shares.



Revenue Recognition



The Company’s primary streams of wine revenue include:



Commission sales

Retail sales

Catalog sales

E-commerce sales, and

Wine club sales



Revenue is recognized for these income streams when product
is shipped FOB winery. The cost of price promotions, rebates and coupon programs are treated as reductions in revenues. Revenue
from items sold through the Company’s retail locations is recognized at the time of sale, including commission sales. The
costs of commissions are treated as reductions of revenues. No Company products are sold on consignment.



F-11







360 GLOBAL INVESTMENTS AND SUBSIDIARIES

Notes to the Consolidated Financial
Statements

For the years ending December 31,
2007 and 2006







Cost of Goods Sold



The types of costs the Company included in cost of goods
sold of its primary products, the sale of alcoholic wines, are raw materials, packaging materials, vinting costs, plant administrative
support and overheads subject to inclusion in inventory, and freight and warehouse costs (including distribution network costs)
for the winery operations. Distribution network costs include inbound freight charges and outbound shipping and handling costs,
purchasing and receiving costs, inspection costs, warehousing, and internal transfer costs.



Selling, General and Administrative Costs



Costs included in selling and general and administrative
expenses consist predominately of advertising, promotion, and non-manufacturing administrative overhead costs.



Legal Costs Expected to be Incurred in Connection with
a Loss Contingency



The Company does not provide for the inclusion of estimated
legal fees and other directly related costs as part of its loss contingency



Basic and Diluted Income (Loss) per Share



Basic income (loss) per common share is computed by dividing
net income (loss) applicable to common stockholders by the weighted-average number of common shares outstanding during the period.
Diluted net income (loss) per common share is determined using the weighted-average number of common shares outstanding during
the period, adjusted for the dilutive effect of common stock equivalents, consisting of shares that might be issued upon exercise
of common stock options. In periods where losses are reported, the weighted-average number of common shares outstanding excludes
common stock equivalents, because their inclusion would be anti-dilutive. Potentially dilutive common stock equivalents would include
the common stock to be issued based upon conversion features provided in debt security instruments and the exercise of warrants.



SFAS No. 155, Accounting for Certain Hybrid
Financial Instruments



SFAS No. 155, Accounting for Certain Hybrid Financial
Instruments permits fair value re-measurement of any hybrid financial instrument that contains an embedded derivative and clarifies
the fact that concentrations of credit risk in the form of subordination are not embedded derivatives. This statement is effective
f or the Company beginning January 1, 2007. The Company does not expect the adoption of SFAS No. 155 to have a significant impact
on its financial statements.



SFAS No. 157, Fair Value Measurements



SFAS No. 157, Fair Value Measurements defines fair
value, establishes a framework for measuring fair value in GAAP and expands disclosure about fair value measurement. This statement
is effective for the Company beginning January 1, 2008. The Company does not expect the adoption of SFAS No. 157 to have a significant
impact on its financial statements.



EITF Issue No. 05-01, Accounting for the Conversion
of an Instrument That Became Convertible upon the Issuer’s Exercise of a Call Option



A substantive conversion feature is one that is at least
reasonably possible of becoming exercisable absent the issuer’s exercise of its call option and the issuance date is the
instrument’s commitment date. It was also concluded that the assessment of whether the conversion feature is substantive
may be performed after the issuance date but should be based only on assumptions, considerations, and/or marketplace information
available as of the issuance date. This statement was effective for the Company on April 1, 2006. The Company does not expect the
adoption of EITF Issue No. 05-01 to have a significant impact on its financial statements.



F-12







360 GLOBAL INVESTMENTS AND SUBSIDIARIES

Notes to the Consolidated Financial
Statements

For the years ending December 31,
2007 and 2006







Cash and Cash Equivalents



Cash and cash equivalents include cash and all highly liquid
financial instruments with purchased maturities of three months or less. As of December 31, 2007, the Company did not have a bank
account with balances that exceeded the amount insured by the Federal Deposit Insurance Corporation.



3.  Discontinued Operations



Kirkland
Knightsbridge, LLC



In
May 2006, the Company adopted a formal plan to discontinue its support of the KKLLC joint venture. Initial Company assumptions
related to cost savings and efficiencies were never realized and the wines marketed under the KKLLC labels did not achieve anticipated
market acceptance. In addition, the relationship between the Company and its joint venture partner had become so strained as to
make the Company's continued participation in the operation impracticable. Based on these facts, the Company concluded that it
had lost the ability to control the joint venture and, accordingly, determined not to continue to fund its operations and long-term
debt and elected to report the joint venture and its operations as a discontinued operation.

The
Company's plan to discontinue operations for the KKLLC joint venture operation has resulted in material reduction of the joint
venture's day-to-day operations due to the Company's decision to discontinue its support of the operation. Currently, it is the
Company's belief that the only liability related to its plan as of September 30, 2006 is the contingent liability resulting from
the Company's corporate guarantee of the Metropolitan Life Insurance Company ("MetLife") note (Notes 7 and 9). During
the quarter ending September 30, 2006, the Company determined that they were no longer liable for the market value guarantee of
the Company's common stock of $10,000,000 which was recorded in 2004.

The
Company has accounted for the KKLLC discontinued operation in accordance with SFAS No. 144, "Accounting for the Impairment
or Disposal of Long-Lived Assets".

The
results of operations of KKLLC have been excluded from the Company's continuing operations from acquisition date through December
31, 2006 and have been reported as a discontinued operation. The loss reported from the discontinued operation was $3,391,689 for the year
ended December 31, 2006. The carrying value of the Company's investment in KKLLC joint venture at December 31, 2006 had been
reduced to zero .



Springer
Mining Company

In
June 2006, the Company adopted a formal plan to discontinue its initial efforts to develop a business segment involved in mineral
processing. In March 2006, the Company acquired all of the common stock of Springer Mining Company (Springer) in Nevada. The Springer
mineral processing facility, prior to the Company's acquisition of its outstanding stock, had been inactive. Prior to the Company's
acquisition of Springer its entered negotiations with an agreement with an entity that was to provide mineral processing rights.

In
conjunction with the issuance of the note payable to General Electric and the Springer Mining Company stock purchase agreement,
the Company entered into a security agreement in which all of the issued and outstanding shares of Springer stock were pledged
as collateral for the note payable and held in escrow. The promissory note as extended was due on September 30, 2006. The Company
was unable to make the required payments and General Electric Company foreclosed upon the Springer shares held in escrow in July
2006.



F-13







360 GLOBAL INVESTMENTS AND SUBSIDIARIES

Notes to the Consolidated Financial
Statements

For the years ending December 31,
2007 and 2006





360
Viansa LLC

As
part of the Company’s bankruptcy asset liquidation plan the Company’s whole owned subsidiary 360 Viansa was sold to
Laurus Master Fund, Ltd for a total of $40,667,000. The sales resulted in a total discharge of the Company debt.

The
Company has accounted for the 360 Viansa discontinued operation in accordance with SFAS No. 144, "Accounting for the Impairment
or Disposal of Long-Lived Assets".

The
results of operations of 360 Viansa have been excluded from the Company's continuing operations for the year ended December 31,
2007 and have been reported as a discontinued operation. The loss of $6,102,478 from operations through the sale date is included
in discontinued operations for the year ended December 31, 2007. In addition because of the Company bankruptcy the write off of
investment in the Company and related debt discharged resulted in a gain of $48,553,542. Also included in the discontinued operations
is $3,298,568 of related interest expense.



Mineral
Remnants – Granite

As
a result of the bankruptcy plan limiting the Company’s interest in the Texas asset to $250,000 the asset, previously reclassified
as an asset held for resale as a result of the Company previously adopted plan to discontinue mining operations, was written down
to the Company’s net realizable value resulting in a loss of $10,274,269 being charge to discontinued operations for the
year ended December 31, 2007. A $250,000 liability was accrued for professional fees.

As
discussed in note 13 in March, 2008 the property was subsequently sold with all proceeds in excess of $250,000 being transferred
to the bankruptcy trust for the benefit of the creditors.



4.  Inventories



As of December 31, 2007 and 2006, inventories consisted of
the following:



|                                             |  | 2007 |   | 2006 |  
|-------------------------------------------- |  | ---- | - | ---- | -
|Finished Goods - bottled wines               |  | $    | - |      | $
|Bulk Wines                                   |  |      | - |      |  
|Deferred viticultural costs                  |  |      | - |      |  
|Bottling supplies                            |  |      | - |      |  
|Retail products                              |  |      | - |      |  
|                                             |  |      |   |      |  
|Total Inventories                            |  |      | - |      |  
|                                             |  |      |   |      |  
|Less: valuation reserve for wine inventories |  |      | - |      |  
|                                             |  |      |   |      |  
|Total inventories, net                       |  | $    | - |      | $



Wine inventories are classified as current assets in accordance
with recognized industry practice although some products will not be sold within one year. Each specific grape crop harvested is
pressed into a single production unit (“vintage”). However, each vintage is not sold entirely in a single year. Inventories
of each year’s vintage are normally carried over and sell for several years after their initial pressing.



F-14







360 GLOBAL INVESTMENTS AND SUBSIDIARIES

Notes to the Consolidated Financial
Statements

For the years ending December 31,
2007 and 2006







The expense related to the valuation reserve for wine inventories
for the periods ended December 31, 2007 and 2006 are both $0.





5.  Property,
Plant, Equipment and Mineral Remnants - Granite



As of December 31, 2007 and
2006, property, plant, equipment and mineral remnants consisted of the following:



|                                                               |  | 2007 |   | 2006 |  
|-------------------------------------------------------------- |  | ---- | - | ---- | -
|Land                                                           |  | $    | - |      | $
|Cultivated land                                                |  |      |   |      |  
|Building, improvements and equipment                           |  | $    | - |      | $
|Total property, plant and equipment                            |  |      |   |      |  
|Less: accumulated depreciation                                 |  |      | - |      |  
|Net property, plant and equipment                              |  |      |   |      |  
|Mineral remnants - Granite granite                             |  |      | - |      |  
|                                                               |  |      |   |      |  
|Property, plant, equipment and mineral remnants - granite, net |  | $    | - |      | $



Depreciation expense for the years ended December 31,
2007 and 2006 was $402,779 and $391,097, respectively. 2007 depreciation expense is included in discontinued operations. There
was no capitalized overhead for the years ended December 31, 2007 and 2006.



Assets
Held-For-Sale



In April 2006, in connection with its strategy planning to
redirect Company efforts and assets towards premium wine production and sales, the Company decided to sell land, buildings and
mineral deposits described as the Texas property. As a result, the Company transferred the fixed assets and mineral deposits to
assets held-for-sale. An initial review by the Company indicates that these assets are recorded at amounts below the current best
estimate of the amount anticipated to be realized on their disposition. The assets included as assets held-for-sale at December
31, 2006 amount to $11,312,514. This estimate is based on negotiations with potential buyers and independent parties familiar with
valuations of this nature. The amount that the Company will ultimately realize could differ materially from the amount recorded
in the financial statements. Accordingly, as of April 1, 2006 the Texas property has been classified as held-for-sale and is not
being depreciated.



In June 2005, the Company acquired the property, facilities
and mineral deposits consisting of granite blocks and other stone remnants (the “Texas property”) for $12,500,000.
The Texas property purchase price was allocated to the real property and facilities based on fair value as determined by appraisal
and the remainder to the granite block and other stone remnants. The Texas property is located in Burnet County, Texas, near the
city of Granite Shoals, is identified as the Cold Springs Granite Quarry, and has been dormant for more than two years. The Texas
property is comprised of approximately 136 acres, 130,000 square feet of office, warehouse and mixed use space, along with mineral
deposits consisting of granite block and other stone remnant. In July 2005, the Company pledged the Texas property as security
in the Laurus loan transaction.



As discussed in Note 34 by
Bankruptcy Court Order entered on March 25, 2008, the Debtor sold the Texas Property (properties related to the mining, and mineral
extraction, mineral processing, residential real estate, and vacation properties ) to the City of Granite Shoals and the Christ
Redeemer Fellowship for the aggregate sale price of $3,200,000 and received a residual interest of $250,000.



F-15







360 GLOBAL INVESTMENTS AND SUBSIDIARIES

Notes to the Consolidated Financial
Statements

For the years ending December 31,
2007 and 2006









6.   Notes Payable



As of December 31, 2007, all notes payable were
discharged via bankruptcy.





Notes Payable in Default



As of December 31, 2007, all notes payable were
discharged via bankruptcy; therefore there are no notes payable in default.





Short-Term Notes Payable



As of December 31, 2007, all notes payable were
discharged via bankruptcy. Therefore, there are no short-term notes payable.



Gryphon Master Fund



As of December 31, 2006, the principal balance of the Gryphon
note was $4,492,500. As of December 31, 2007, this note plus all accumulated interest was discharged by the United States Bankruptcy
Court and therefore the year-end balance of the note is $0.



The discharge was pursuant to the Viansa Plan
as approved by the Bankruptcy Court and confirmed on December 21st, 2007. The Order Confirming the Viansa Plan (docket
725) stated that all debt was extinguished. Gryphon received an interest in the Texas Property of $750,000 to be paid via the
Global Trust as soon as the Texas Property is sold.





Long-Term Debt



Laurus Master Fund, Ltd.



As of December 31, 2006, the principal balance of the Laurus
note was $38,604,158. As of December 31, 2007, this note plus all accumulated interest was discharged by the United States Bankruptcy
Court and therefore the year-end balance of the note is $0.



The discharge was pursuant to the Viansa Plan
as approved by the Bankruptcy Court and confirmed on December 21st, 2007. In the Viansa Plan Laurus was the stalking
horse bidder with a credit bid equal to Laurus’ principal plus interest, for a total of $40,667,075.38. The Order
Confirming the Viansa Plan (docket 725) stated that Laurus was this successful bidder and therefore, as of December 31, 2007,
the Laurus note was extinguished. In exchange for the debt, Laurus received 100% of the equity securities in the Reorganized
Debtor free and clear of all liens and claims plus an interest in the Texas Property of $1,414,000 to be paid via the Global
Trust as soon as the Texas Property is sold.



Winthrop-Barrington.



As of December 31, 2007, the principal balance of the Winthrop-Barrington
note was $1,000,000. As of December 31, 2007, this note is discharged by the United States Bankruptcy Court and therefore, the
balance is $0.





F-16







360 GLOBAL INVESTMENTS AND SUBSIDIARIES

Notes to the Consolidated Financial
Statements

For the years ending December 31,
2007 and 2006







7. Financial Instrument Derivatives Liability



The following is a summary of the financial instrument derivative
liabilities as of December 31, 2007 and 2006:

All Derivative Liabilities were discharged via
bankruptcy in December 2007.



|                      |  | December 31 |  
|--------------------- |  | ----------- | -
|                      |  | 2007        |  
|Gryphon note payable  |  |             |  
|Warrant liability     |  | $           | -
|Conversion feature    |  |             | -
|                      |  |             |  
|Laurus note payable   |  |             |  
|Warrant liability     |  |             | -
|Conversion feature    |  |             | -
|                      |  |             |  
|Wynthrop note payable |  |             |  
|Warrant liability     |  |             | -
|Conversion feature    |  |             | -
|                      |  |             |  
|Total                 |  | $           | -







8.  Commitments
and Contingencies



Lease Commitments



For the twelve-month period ending December 31, 2007, there
are no lease commitments.



Litigation and Disputes



On March 7, 2007, the filed a voluntary petition for reorganization
under Chapter 11 of the Bankruptcy Code in the Bankruptcy Court. We continued to operate our business as “debtors-in-possession”
under the jurisdiction of the Bankruptcy Court and in accordance with the applicable provisions of the Bankruptcy Code and orders
of the Bankruptcy Court. As of the date of the Chapter 11 filing, virtually all pending litigation (including actions described
below) stayed, but as of December 31, 2007, all lawsuits and liabilities were settled through the Bankruptcy Court and except as
otherwise disclosed herein, the Company is not aware of any other material legal proceedings against the Company .



9.  Related Party Transactions



Issuance of Shares by an Officer and Major Stockholder



For the twelve-month period ending December 31, 2007, there
was no issuance of shares by an officer or major stockholder.



F-17







360 GLOBAL INVESTMENTS AND SUBSIDIARIES

Notes to the Consolidated Financial
Statements

For the years ending December 31,
2007 and 2006







10.  Equity Transactions





Common Stock Activity



Shares
Issued for Cash

During
the quarter ended March 31, 2006, the Company issued 71,429 shares of its common stock to an individual for cash of $250,000.



Shares
Issued to Employees and Board of Directors Members as Compensation

In
March 2006, the Company issued 75,000 shares of its common stock as compensation to two employees with a value of $562,500 based
on the fair value of the stock on the date of issuance.

In
March 2006, the Company issued 1,569,120 shares of its common stock to two Board of Director members for past services with a
total value of $12,332,250 based on the fair value of the stock at the date of issuance.

In
December 2006, the Company issued 31,530 shares of its common stock as compensation to eighteen employees with a value of $109,725
based on the fair value of the stock on the date of issuance.

During
the quarter ended March 31, 2007 the Company issued 40,000 shares valued at $140,000 as compensation and severance to current
and former employees.

Shares
Issued to Consultants for Services

In
March 2006, the Company issued 696,133 shares of its common stock to thirteen entities or individuals for past and future consulting
services with a value of $4,306,010 based upon the fair value of the stock at the date of issuance.

In
March 2006, the Company issued 603,438 shares of its common stock to five entities or individuals for future advertising services
with a value of $4,525,785 based upon the fair value of the stock at the date of issuance.

In
the quarter ended September 30, 2006, the Company issued 376,843 shares of its common stock to eight entities or individuals for
past consulting services with a value of $1,244,776 based upon the fair value of the stock at the date of issuance.

In
the quarter ended June 30, 2006, the Company issued 7,500 shares of its common stock to one individual and one entity for past
consulting services with a value of $40,250 based upon the fair value of the stock at the date of issuance.

In
the quarter ended December 31, 2006, the Company issued 171,629 shares of its common stock to nine entities or individual for
past consulting services with a value of $600,701 based upon the fair value of the stock at the date of issuance.

Shares
Issued in Conjunction with Debt Instruments

In
March 2006, the Company issued 2,571,429 shares of its common stock in partial satisfaction of a convertible note payable at the
contractually specified conversion price of $3.50 per share amounting to $9,000,000.

In
March 2006, the Company issued 121,811 shares of its common stock in satisfaction of accrued interest and principal on multiple
notes payable to an individual at the price of $3.50 per share amounting to $426,339.

In
March 2006, the Company issued 250,000 shares of its common stock in satisfaction of penalty charges on a convertible note payable
with a value of $1,875,000 based on the fair value of the stock on the date of issuance.

In
July 2006, the Company issued 7,500 shares of its common stock as payment of interest to a note payable holder. The shares had
a value of $26,250 based upon the fair value of the stock at the date of issuance.

F-18







360 GLOBAL INVESTMENTS AND SUBSIDIARIES

Notes to the Consolidated Financial
Statements

For the years ending December 31,
2007 and 2006





10. Equity Transactions (continued)

In
August 2006, the Company issued 44,447 shares of its common stock as repayment of a note payable to an individual with a value
of $125,000 and accrued interest with a value of $30,250 based upon the based upon the fair value of the stock at the date of
issuance.

During
the quarter ended September 30, 2006, the Company issued 60,000 shares of its common stock to Laurus in partial satisfaction of
a convertible note payable at the contractually specified conversion price of $3.50 per share amounting to $210,000.

During
the quarter ended September 30, 2006, the Company issued 359,545 shares of its common stock to Laurus in partial settlement of
accrued interest amounting to $383,047.

During
the quarter ended September 30, 2006, the Company issued 145,000 shares of its common stock to Gryphon in partial satisfaction
of a convertible note payable at the contractually specified conversion price of $3.50 per share amounting to $507,500.

During
the quarter ended September 30, 2006, the Company issued 13,333 shares of its common stock to Longview in partial satisfaction
of a convertible note payable at the contractually specified conversion price of $3.50 per share amounting to $46,666.

In
December 2006, the Company issued 44,447 shares of its common stock as compensation to one investor as repayment of a short term
loan with a value of $155,562 based on the fair value of the stock on the date of issuance.

During
the quarter ended December 31, 2006, the Company issued 205,000 shares of its common stock to Gryphon in partial satisfaction
of a convertible note payable at the contractually specified conversion price of $3.50 per share amounting to $717,500.

During
the quarter ended December 31, 2006, the Company issued 15,000 shares of its common stock to Laurus in partial satisfaction of
a convertible note payable at the contractually specified conversion price of $3.50 per share amounting to $52,500.

During
the quarter ended December 31, 2006, the Company issued 27,419 shares of its common stock to Longview funds in partial satisfaction
of a convertible note payable at the contractually specified conversion price of $3.50 per share amounting to $95,966.

During
the quarter ended December 31, 2006, the Company issued 380,000 shares of its common stock to five investors in partial satisfaction
of a convertible note payable at the contractually specified conversion price of $3.50 per share amounting to $1,330,000.

During
the quarter ended March 31, 2007, the Company issued 72,000 shares of its common stock to Laurus in partial satisfaction of a
convertible note payable at the contractually specified conversion price of $3.50 per shares amounting to $252,000.

During
the quarter ended March 31, 2007, the Company issued 14,286 shares of its common stock to Longview Funds in partial satisfaction
of a convertible note payable at the contractually specified conversion price of $3.50 per shares amounting to $50,001.

During
the quarter ended March 31, 2007, the Company issued 9,000 shares of its common stock valued at $31,500 based on the fair market
value of the stock at the date of issuance as compensation to eleven investors for an interest payment on short term loans.



F-19







360 GLOBAL INVESTMENTS AND SUBSIDIARIES

Notes to the Consolidated Financial
Statements

For the years ending December 31,
2007 and 2006





10. Equity Transactions (continued)

Shares
Issued In Conjunction with a Minimum Share Guarantee

In
March 2006, the Company issued 49,767 shares of its common stock to meet the minimum shares guarantee resulting from the Company’s
reverse common stock split that occurred in February 2006 (Note 3). These shares are valued at $50 or $0.001 (par value).

In
the quarter ended June 30, 2006, the Company issued 461 shares of its common stock to meet the minimum shares guarantee resulting
from the Company’s reverse common stock split that occurred in February 2006 (Note 3). These shares are valued at $0.001
(par value).

As
of December 31, 2007 and 2006 there were 8,619,389 and 8,484,103 , respectfully, issued and outstanding.

Subsequent
to year end as discussed in Note 14 pursuant to the Company’s bankruptcy all common stock outstanding was cancelled and
5,000,000 shares of new common stock was issued.



Shares
Issued in Conjunction with the Exercise of Warrants

During
the quarter ended September 30, 2006, the Company issued 181,724 to an entity and an individual for the exercise of warrants outstanding.
Both of the transactions were cashless exercises and the shares were recorded at $.001(par value).

Warrant
Activity

During
the year ended December 31, 2006 , the BOD approved the issuance of warrants to purchase 900,002 shares of the Company’s
common stock. These warrants are exercisable at $3.50 per share, at any time until they expire which will be at periods ranging
from March 2009 through March 2021.

During
the year ended December 31, 2006, two warrant holders exercised their warrants, resulting in the issuance of 181,724 shares of
the Company’s common stock. The warrants were exercised in cashless exercises, and the share issuances were valued at par
value.

During
the year ended December 31, 2006, 667 warrants to purchase the Company’s common stock expired.

Summary of Outstanding Warrants



For the twelve-month period ending December 31, 2007, there
were no warrants granted. The total number of issued and outstanding warrants from prior years at December 31, 2007 was 1,084,779.
Exercise of any such warrants was stayed by the Chapter 11 filing, all equity security interests were subsequently cancelled (see
note 14).



11.  Income Taxes



The Company accounts for income taxes in accordance with
Statement of Financial Accounting Standards (“SFAS”) No. 109, “Accounting for Income Taxes.” Under
SFAS No.109, deferred tax assets and liabilities are computed based on the difference between the financial statement and income
tax bases of assets and liabilities using the enacted marginal tax rate. SFAS No. 109 requires that the net deferred tax asset
be reduced by a valuation allowance if, based on the weight of available evidence, it is more likely than not that some portion
or all of the net deferred tax asset will not be realized. The Company continues to reduce its net deferred tax assets by a 100%
valuation allowance.



F-20







360 GLOBAL INVESTMENTS AND SUBSIDIARIES

Notes to the Consolidated Financial
Statements

For the years ending December 31,
2007 and 2006









12.  Acquisitions



For the twelve-month period ending December 31, 2007, the
Company made no acquisitions.





13.  Subsequent Events



Sale of Mineral Remnants – Granite



By Bankruptcy Court Order entered on March 25, 2008, the
Debtor sold the Texas Property (properties related to the mining, and mineral extraction, mineral processing, residential real
estate, and vacation properties ) to the City of Granite Shoals and the Christ Redeemer Fellowship for the aggregate sale price
of $3,200,000 and received a residual interest of $250,000.



360 Global’s Disclosure Statement and Plan
of Reorganization.



On December 12, 2008, 360 Global’s Disclosure Statement
and Plan of Reorganization (“Global Plan”) was confirmed by the United States Bankruptcy Court for the District of
Nevada (the “Bankruptcy Court”). The Global Plan can be found as an exhibit to this document.



Financial Instruments and Equity Security.



Per section II.A.1.41of the confirmed Order confirming the
Global Plan, Equity Security Interest is described as "an "equity security" as defined in § 101(1 6) of the
Bankruptcy Code, including any and all shares, warrants, options, or similar security.



Pursuant to the Order Confirming the Global Plan, ordered
by the Honorable Judge Gregg W. Zive on December 22, 2008:



"As of the Effective Date, all entities that have held,
currently hold or may hold a Claim or other debt or liability that is discharged or an interest or other right of an Equity Security
Holder that is impaired pursuant to the terms of this Global Plan are permanently enjoined from taking any of the following actions
against Global, the Global Estate, the Committee, the Global Trust or their property on account of any such discharged Claims,
debts or liabilities or terminated interests or rights: (i) commencing or continuing, in any manner or in any place, any action
or other proceeding; (ii) enforcing, attaching, collecting or recovering in any manner any judgment, award, decree or order; (iii)
creating, perfecting or enforcing any lien or encumbrance; (iv) asserting a setoff, right of subrogation or recoupment of any kind
against any debt, liability or obligation due to Global and (v) commencing or continuing any action in any manner, in any place
that does not comply with or is inconsistent with the provisions of the Global Plan."



Common Stock:



Pursuant to the confirmed Global Plan, all our common stock
was cancelled on June 18, 2010 and 5,000,000 shares of New Common Stock will be issued. The New Common Stock (CUSIP 885573 303)
will be distributed as follows pursuant to the Global Plan:



•	3,750,000 shares
of New Common Stock will be distributed to the Administrative Claimants and Allowed Professional Claimants;

•	1,000,000 shares
of New Common Stock will be distributed to Class 4 General Unsecured Creditors;

•	50,000 shares of
New Common Stock will be distributed to Class 5 General Unsecured Creditor;

•	100,000 shares of
New Common Stock will be distributed to Class 6 equity security holders;

•	100,000 shares of
New Common Stock will be distributed to the 360 Global Liquidating Trust.



F-21







360 GLOBAL INVESTMENTS AND SUBSIDIARIES

Notes to the Consolidated Financial
Statements

For the years ending December 31,
2007 and 2006





The New Common Stock is to
be issued pursuant to the Global Plan as confirmed in December of 2008 and does not need not be registered under the Securities
Act or any state or local securities laws, except as provided in the Global Plan.

Creation of the
Global Trust:

Pursuant to the Global Plan,
360 Global created the Global Trust for the benefit of holders of Administrative Claims, Priority Tax Claims and Class 4 Allowed
Claims, and the Liquidating Trust Agreement was executed by the parties to the Liquidating Trust Agreement. The Global Trust was
funded by the delivery to the Global Trust of 100,000 shares of New Common Stock. The Global Trust shall be a creditors’
liquidating trust for all purposes, including Treasury Regulations Section 301.7701-4(d). The Global Trust will be organized for
the purpose of collecting and distributing to Creditors the Assigned Litigation of Global and its Estate with no objective to
continue or engage in the conduct of a trade or business. On January 2nd, 2009, Global and/or the Committee shall be deemed to
have transferred all of 360 Global’s rights to prosecute the Assigned Litigation to the 360 Global Trust to collect and
prosecute for the benefit of Creditors of 360 Global. The 360 Global Trust shall receive, liquidate and distribute the New Common
Stock received by it and the recoveries on the claims, rights and causes of action of Global and its Estate in accordance with
the Global Plan and the Liquidating Trust Agreement as promptly as is reasonably practicable, in an expeditious but orderly manner.
The 360 Global Trust is not a successor of Global for purposes of incurring its liabilities. To the extent there are any inconsistencies
between the Global Plan and the 360 Global Trust, the terms of the Global Plan shall prevail.

Transfer of Claims, Rights
and Causes of Action to the Global Trust:

Pursuant to the Global Plan,
all Assigned Litigation and the right to assert objections to claims, including rights of offset, as set forth in the Global Plan,
was transferred to, and vested in, the 360 Global Trust free and clear of all liens, claims, encumbrances and other interests.
All property, claims, rights, and causes of action received or held by the 360 Global Trust was held in trust for the benefit
of holders of Administrative Claims, Priority Tax Claims and Class 4 Allowed Claims, subject to the provisions of the Global Plan
and the Liquidating Trust Agreement. Reorganized Global retains no interest in such property, claims, rights, and causes of action
transferred to the Global Trust. In addition, 5 million shares of New Common Stock will be irrevocably transferred and conveyed
by Reorganized Global to the Global Trust for distribution pursuant to the terms of this Global Plan. As soon as practical after
receipt of the New Common Stock, the 360 Global Trust shall use its best efforts to distribute the New Common Stock to Class 4
and Class 5 Claimants and Class 6 Equity Security Interests.

Since that time the Company has had no operations except for administrative
expenses.



14.  Going Concern



The Company will require additional working capital to develop
its business. After emerging from Chapter 11, the Company intends to raise additional capital. There are no assurances that the
Company will be able to obtain financing to support the Company’s needs. No assurance can be given that additional financing
will be available, or if available, will be on terms acceptable to the Company. If adequate working capital is not available, the
Company may be forced to liquidate.





F-22







Exhibit 41.1





CHIEF EXECUTIVE OFFICER CERTIFICATION



I, A. John A. Bryan, Jr. certify that:



1.
I have reviewed this report on Form 10-K of360 Global Investments.



2. Based on my knowledge and except
as disclosed in the quarterly and annual statements filed with the SEC, 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 and as disclosed
in the quarterly and annual statements filed with the SEC, 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. I am responsible for establishing
and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15 (e) and 15d-15(e) and internal controls
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 my supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to me by others within those entities, particularly during the period in which this report is being prepared, except as  otherwise disclosed in the quarterly and annual statements filed with the SEC;
|-- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|b) | Designed such internal controls over financial reporting, or caused such internal controls over financial reporting to be designed under my 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, except as otherwise disclosed in the quarterly and annual statements filed with the SEC;      



|c) | Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report my conclusion about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation, except as otherwise disclosed in the quarterly and annual statements filed with the SEC;                                                                                                       
|-- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|d) | Disclosed in this report any change to the registrant's internal controls over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal controls over financial reporting; , except as otherwise disclosed in the quarterly and annual statements filed with the SEC, and



5. I have disclosed, based on my most
recent evaluation of internal controls over financial reporting, to the registrant’s auditors and the audit committee of
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 controls 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 controls over financial reporting.                                                                                       





October 2, 2012



| |                                                                                |                       
| | ------------------------------------------------------------------------------ | ----------------------
| |                                                                                | /s/ A. John Bryan, Jr.
| | A. John A. Bryan, Jr.                                                         
| | Chief Executive Officer and
        Principal Financial and Accounting Officer





35







Exhibit 42.1



CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY
ACT OF 2002



In connection with the Annual Report of 360 Global Wine Company
(the "Company") on Form 10-K for the fiscal year ended December 31, 2007 as filed with the Securities and Exchange Commission
on the date hereof (the "Report"), I, A. John A. Bryan, Jr. , Chief Executive Officer of the Company, certify, pursuant
to 18 U.S.C. section 906 of the Sarbanes-Oxley Act of 2002, that:



(1) The Report fully complies with the requirements of section
13(a) or 15(d) of the Securities and Exchange Act of 1934; and



(2) The information contained in the Report fairly presents,
in all material respects, the financial condition and result of operations of the Company.



A signed original of this written statement required by Section
906 has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission
or its staff upon request.



October 2, 2012

| |                         |                          
| | ----------------------- | -------------------------
| |                         | /s/ A. John A. Bryan, Jr.
| | A. John A. Bryan, Jr.  
| | Chief Executive Officer









36