----

----

| Nevada                                                        |   | 71-1026782                       |
|---------------------------------------------------------------|--------|----------------------------------|
| (State or Other Jurisdictionof Incorporation or Organization) |   | (IRS EmployerIdentification No.) |
|                                                          |   |                             |
| 66 Piscataqua Road                                            |   |                             |
| Dover, NH                                                     |   | 03820                            |
| (Address of Principal Executive Offices)                      |   | (Zip Code)                       |

|   | (603) 540-0828                                       |   |
|--------|------------------------------------------------------|--------|
|   | Issuer’s Telephone Number, Including Area Code |   |
|   |                                                 |   |

----

Financial Statements

----

Financial Statements

| 1.   | Cover Pages |
|----------------|-------------|

| 2.   | Table of Contents (Removed) |
|----------------|-----------------------------|

| 3.   | Part I |
|----------------|--------|

| a.   | Item 1. Description of Business; |
|----------------|----------------------------------|

| b.   | Item 1A. Risk Factors; |
|----------------|------------------------|

| c.   | Item 2. Description of Property; |
|----------------|----------------------------------|

| d.   | Item 3. Legal Proceedings; |
|----------------|----------------------------|

| e.   | Item 4. Submission on Matters to a Vote of Security Holders; |
|----------------|--------------------------------------------------------------|

| 4.   | Part II |
|----------------|---------|

| a.   | Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities; |
|----------------|-----------------------------------------------------------------------------------------------------------------------------|

| b.   | Item 7. Management’s Discussion and Analysis or Financial Condition and Results of Operations; |
|----------------|------------------------------------------------------------------------------------------------------|

| c.   | Item 8. Notes to Consolidated Financial Statements; |
|----------------|-----------------------------------------------------|

| d.   | Item 9A Controls and Procedures; |
|----------------|----------------------------------|

| 5.   | Part III |
|----------------|----------|

| a.   | Item 10. Directors, Executive Offiers, and Corporate Governance; |
|----------------|------------------------------------------------------------------|

| b.   | Item 11. Executive Compensation; |
|----------------|----------------------------------|

| c.   | Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters; and |
|----------------|--------------------------------------------------------------------------------------------------------------|

| 6.   | Part IV |
|----------------|---------|

| a.   | Signatures. |
|----------------|-------------|

----

Financial Statements

----

Financial Statements

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Financial Statements

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Financial Statements

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Financial Statements

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Financial Statements

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Financial Statements

|   | (a) | Market for Common Equity and Related Stockholder Matters. |
|--------|-----|-----------------------------------------------------------|

|   | (1) | Market Information. |
|--------|-----|---------------------|

| Fourth Quarter 2010 | $.09  | $.09 |
|---------------------|-------|------|
| Third Quarter 2010  | $1.40 | $.05 |
| Second Quarter 2010 | $.40  | $.30 |
| First Quarter 2010  | $.30  | $.10 |

| Fourth Quarter 2009 | $.12  | $.09 |
|---------------------|-------|------|
| Third Quarter 2009  | $1.50 | $.10 |
| Second Quarter 2009 | $2.10 | $.09 |
| First Quarter 2009  | $4.80 | $.21 |

|   | (2) | Holders. |
|--------|-----|----------|

|   | (3) | Dividends. |
|--------|-----|------------|

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Financial Statements

|   | None |
|--------|------|

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Financial Statements

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Financial Statements

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Financial Statements

FINANCIAL STATEMENTS

----

Financial Statements

|  FBC Holding Inc.                                             |   |
|--------------------------------------------------------------------|--------|
| (A Development Stage Company)                                      |   |
|                                                               |   |
|                                                               |   |
| July 31, 2010                                                      |   |
|                                                               |   |
|                                                               | Index  |
| Report of Independent Registered Public Accounting Firm            | F-2    |
|                                                               |   |
| Consolidated Balance Sheets                                        | F-3    |
|                                                               |   |
| Consolidated Statements of Operations and Other Comprehensive Loss | F-4    |
|                                                               |   |
| Consolidated Statements of Cash Flows                              | F-5    |
|                                                               |   |
| Consolidated Statement of Changes in Stockholders Equity (Deficit) | F-7    |
|                                                               |   |
| Notes to the Consolidated Financial Statements                     | F-9    |

----

Financial Statements

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

| Aurora,Colorado                                                                                                                                                                                 | /s/ Ronald R. Chadwick, P.C. |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------|
| October 20, 2010                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | RONALD R. CHADWICK, P.C.     |

----

Financial Statements

CONSOLIDATED BALANCE SHEETS

|                                             |   |          |        |   |          |   |
|--------------------------------------------------|--------|---------------|-------------|--------|---------------|--------|
|                                             |   | July 31, 2010 |        |   | July 31, 2009 |   |
| ASSETS                                           |   |          |        |   |          |   |
| Current Assets                                   |   |          |        |   |          |   |
| Cash                                             |   | $             | -           |   |          | $      | 92,525 |   |
|                                             |   |          |        |   |          |   |   |   |
| Total Current Assets                             |   |          | -           |   |          |   | 92,525 |   |
|                                             |   |          |        |   |          |   |   |   |
| Total Assets                                     |   | $             | -           |   |          | $      | 92,525 |   |
|                                             |   |          |        |   |          |   |   |   |
|                                             |   |          |        |   |          |   |   |   |
| LIABILITIES AND STOCKHOLDERS EQUITY              |   |          |        |   |          |   |   |   |
|                                             |   |          |        |   |          |   |   |   |
| Current Liabilities                              |   |          |        |   |          |   |   |   |
| Bank Over Draft                                  |   | $             | 1,263       |   |          | $      | - |   |
| Accounts Payable                                 |   |          | 5,085       |   |          |   | 9,069 |   |
| Accrued Interest                                 |   |          | 332,006     |   |          |   | 295,508 |   |
| Current Portion of Debt Discount                 |   |          | -           |   |          |   | (168,403 | ) |
| Stock Subscriptions Payable                      |   |          | -           |   |          |   | 1,219,800 |   |
| Equity Obligations - current                     |   |          | 1,249,500   |   |          |   | 749,700 |   |
| Current Portion of Notes Payable                 |   |          | 1,897,500   |   |          |   | 1,897,500 |   |
| Total Current Liabilities                        |   |          | 3,485,354   |   |          |   | 4,003,174 |   |
|                                             |   |          |        |   |          |   |   |   |
|                                             |   |          |        |   |          |   |   |   |
| Total Liabilities                                |   |          | 3,485,354   |   |          |   | 4,003,174 |   |
|                                             |   |          |        |   |          |   |   |   |
| Stockholders’ Equity                       |   |          |        |   |          |   |   |   |
|                                             |   |          |        |   |          |   |   |   |
| Common Stock .001 Par Value;                     |   |          |        |   |          |   |   |   |
| 150,000,000 shares authorized;                   |   |          |        |   |          |   |   |   |
| 22,810,262 (2010) and 260,262 (2009)             |   |          |        |   |          |   |   |   |
| issued and outstanding                           |   |          | 22,810      |   |          |   | 260 |   |
| Preferred Stock .001 Par Value                   |   |          |        |   |          |   |   |   |
| 5,000,000 shares authorized                      |   |          |        |   |          |   |   |   |
| 0 issued and outstanding                         |   |          | -           |   |          |   | - |   |
|                                             |   |          |        |   |          |   |   |   |
| Additional paid in capital                       |   |          | 10,424,756  |   |          |   | 2,738,039 |   |
| Deficit accumulated during the development stage |   |          | (13,932,920 | )      |          |   | (6,648,948 | ) |
| Total Stockholders' Equity                       |   |          | (3,485,354  | )      |          |   | (3,910,649 | ) |
|                                             |   |          |        |   |          |   |   |   |
| Total Liabilities and Stockholders' Equity       |   | $             | -           |   |          | $      | 92,525 |   |

----

Financial Statements

CONSOLIDATED STATEMENTS OF OPERATIONS

|                                                |   |                   |       |   |                           |   |             |                                         |   |
|-----------------------------------------------------|--------|------------------------|------------|--------|--------------------------------|--------|------------------|----------------------------------------------|--------|
|                                                |   | YearEndedJuly 31, 2010 |       |   | Three MonthsEndedJuly 31, 2009 |   |             | May 30, 2006(Inception) throughJuly 31, 2010 |   |
| Revenue                                             |   | $                      | -          |   |                           | $      | -                |                                         |   | $ | - |   |
|                                                |   |                   |       |   |                           |   |             |                                         |   |   |   |   |
| Expenses                                            |   |                   |       |   |                           |   |             |                                         |   |   |   |   |
| General Selling and Administrative                  |   |                   | 88,818     |   |                           |   | 293,952          |                                         |   |   | 1,564,101 |   |
| Depreciation                                        |   |                   | -          |   |                           |   | 1,062            |                                         |   |   | 1,889 |   |
| Warrant Expense                                     |   |                   | -          |   |                           |   |             |                                         |   |   | 861,694 |   |
| Bank Charges                                        |   |                   | 986        |   |                           |   | 596              |                                         |   |   | 2,094 |   |
| Land Claim Fees                                     |   |                   | -          |   |                           |   | 63,875           |                                         |   |   | 597,957 |   |
| Non Cash Compensation                               |   |                   | 6,989,267  |   |                           |   | 15,000           |                                         |   |   | 7,809,303 |   |
| Amortization of Deferred Finance Charges            |   |                   |       |   |                           |   | 50,000           |                                         |   |   | 141,861 |   |
| Impairment of Goodwill                              |   |                   | -          |   |                           |   | 720,000          |                                         |   |   | 986,667 |   |
| Other Expenses                                      |   |                   |       |   |                           |   |             |                                         |   |   | 1,450 |   |
|                                                |   |                   | 7,079,071  |   |                           |   | 1,144,485        |                                         |   |   | 11,967,016 |   |
|                                                |   |                   |       |   |                           |   |             |                                         |   |   |   |   |
| Gain(Loss) on Operations                            |   |                   | (7,079,071 | )      |                           |   | (1,144,485       | )                                            |   |   | (11,967,016 | ) |
|                                                |   |                   |       |   |                           |   |             |                                         |   |   |   |   |
| Other Income (expense)                              |   |                   |       |   |                           |   |             |                                         |   |   |   |   |
| Amortization of Debt Discount                       |   |                   | (168,403   | )      |                           |   | (961,167         | )                                            |   |   | (1,648,198 | ) |
| Interest Expense                                    |   |                   | (36,498    | )      |                           |   | (243,096         | )                                            |   |   | (332,036 | ) |
|                                                |   |                   | (204,901   | )      |                           |   | (1,204,263       | )                                            |   |   | (1,980,234 | ) |
|                                                |   |                   |       |   |                           |   |             |                                         |   |   |   |   |
| Net Income (Loss) before provision for income tax   |   |                   | (7,283,972 | )      |                           |   | (2,348,748       | )                                            |   |   | (13,947,250 | ) |
|                                                |   |                   |       |   |                           |   |             |                                         |   |   |   |   |
| Provision for income tax                            |   |                   | -          |   |                           |   | -                |                                         |   |   | - |   |
|                                                |   |                   |       |   |                           |   |             |                                         |   |   |   |   |
| Net Income(Loss) from Continuing Operations         |   |                   | (7,283,972 | )      |                           |   | (2,348,748       | )                                            |   |   | (13,947,250 | ) |
|                                                |   |                   |       |   |                           |   |             |                                         |   |   |   |   |
| Discontinued Operations: Gain (Loss) from           |   |                   |       |   |                           |   |             |                                         |   |   |   |   |
| discontinued operations (including gain on disposal |   |                   |       |   |                           |   |             |                                         |   |   |   |   |
| in 2007 of $28,553)  - net of tax              |   |                   | -          |   |                           |   | -                |                                         |   |   | 15,593 |   |
|                                                |   |                   |       |   |                           |   |             |                                         |   |   |   |   |
| Net Income (Loss)                                   |   | $                      | (7,283,972 | )      |                           | $      |  (2,348,748 | )                                            |   | $ | (13,931,657 | ) |
|                                                |   |                   |       |   |                           |   |             |                                         |   |   |   |   |
|                                                |   |                   |       |   |                           |   |             |                                         |   |   |   |   |
| Net Income(Loss) per share                          |   |                   |       |   |                           |   |             |                                         |   |   |   |   |
| Basic and Fully Diluted, From:                      |   |                   |       |   |                           |   |             |                                         |   |   |   |   |
|    Continuing operations             |   | $                      | (0.82      | )      |                           | $      | (9.11            | )                                            |   |   |   |   |
|    Discontinued operations           |   |                   | -          |   |                           |   | -                |                                         |   |   |   |   |
|    Combined                          |   | $                      | (0.82      | )      |                           | $      | (9.11            | )                                            |   |   |   |   |
|                                                |   |                   |       |   |                           |   |             |                                         |   |   |   |   |
|                                                |   |                   |       |   |                           |   |             |                                         |   |   |   |   |
| Weighted Average Number of Common Shares            |   |                   | 8,877,362  |   |                           |   | 257,728          |                                         |   |   |   |   |

----

Financial Statements

CONSOLIDATED STATEMENTS OF CASH FLOWS

|                                                                                                       |                                  |   |                   |       |   |                   |       |       |                                       |   |
|------------------------------------------------------------------------------------------------------------|---------------------------------------|--------|------------------------|------------|--------|------------------------|------------|------------|--------------------------------------------|--------|
|                                                                                                       |                                  |   | YearEndedJuly 31, 2010 |       |   | YearEndedJuly 31, 2009 |       |       | May 30, 2006Inception throughJuly 31, 2010 |   |
| Cash flow from operating Activity:                                                                         |                                  |   |                   |       |   |                   |       |       |                                       |
|   Operating activity from continuing operations                                                  |                                  |   |                   |       |   |                   |       |       |                                       |
|                                                                                                       | Net Loss                              |   | $                      | (7,283,972 | )      |                   | $          | (2,348,848 | )                                          |   | $ | (13,932,930 | ) |
|                                                                                                       | Less: (Income) loss from discontinued |   |                   |       |   |                   |       |       |                                       |   |   | (15,657 | ) |
|                                                                                                       |     Operations    |   |                   | -          |   |                   |       | -          |                                       |   |   | - |   |
|   Net loss from continuing operations                                                            |                                  |   | (7,283,972             | )          |   |                   | (2,348,848 | )          |                                       |   | (13,948,587 | ) |
|                                                                                                       |                                  |   |                   |       |   |                   |       |       |                                       |   |   |   |   |
| Adjustments:                                                                                               |                                  |   |                   |       |   |                   |       |       |                                       |   |   |   |
| Stock issued for services                                                                                  |                                  |   | 6,989,267              |       |   |                   | 15,100     |       |                                       |   | 8,989,847 |   |
| Impairment of goodwill                                                                                     |                                  |   |                   |       |   |                   | 720,000    |       |                                       |   | 720,000 |   |
| Amortization - debt discount                                                                               |                                  |   | 168,403                |       |   |                   | 961,167    |       |                                       |   | 1,129,570 |   |
| Depreciation                                                                                               |                                  |   |                   |       |   |                   | 1,062      |       |                                       |   | 1,062 |   |
| Deferred Financing Fees                                                                                    |                                  |   |                   |       |   |                   | 50,000     |       |                                       |   |   |   |
|                                                                                                       |                                  |   |                   |       |   |                   |       |       |                                       |   |   |   |   |
|                                                                                                       |                                  |   |                   |       |   |                   |       |       |                                       |   |   |   |   |
| Changes in assets & liabilities  from                                                             |                                  |   |                   |       |   |                   |       |       |                                       |   |   |   |
|   continuing operations                                                                          |                                  |   |                   |       |   |                   |       |       |                                       |   |   |   |
|                                                                                                       |                                  |   |                   |       |   |                   |       |       |                                       |   |   |   |   |
|                                                                                                       |                                  |   |                   |       |   |                   |       |       |                                       |   |   |   |   |
| Deposits                                                                                                   |                                  |   |                   | -          |   |                   |       |       |                                       |   |   |   |   |
| Prepaids                                                                                                   |                                  |   |                   | -          |   |                   |       | -          |                                       |   |   |   |   |
| Accounts Payable                                                                                           |                                  |   | (3,984                 | )          |   |                   | 2,559      |       |                                       |   | (3,984 | ) |
| Accrued Expenses                                                                                           |                                  |   | 36,498                 |       |   |                   | 242,296    |       |                                       |   | 332,006 |   |
| Other                                                                                                      |                                  |   |                   | 1,263      |   |                   |       |       |                                       |   |   |   |   |
| Due Related Parties                                                                                        |                                  |   |                   |       |   |                   | -          |       |                                       |   | - |   |
| Cash flow from operating activities                                                                        |                                  |   |                   |       |   |                   |       |       |                                       |   |   |   |
|    by continuing operations                                                                 |                                  |   | (92,525                | )          |   |                   | (356,664   | )          |                                       |   | (2,780,086 | ) |
|                                                                                                       |                                  |   |                   |       |   |                   |       |       |                                       |   |   |   |   |
| Cash Flow from investing activities                                                                        |                                  |   |                   |       |   |                   |       |       |                                       |   |   |   |
| Purchase of fixed assets                                                                                   |                                  |   | -                      |       |   |                   |       |       |                                       |   | (2,259 | ) |
| Net cash provided by (used for)  from investing activities                                            |                                  |   | -                      |       |   |                   | -          |       |                                       |   | (2,259 | ) |
|                                                                                                       |                                  |   |                   |       |   |                   |       |       |                                       |   |   |   |   |
| Cash Flow from Financing activities                                                                        |                                  |   |                   |       |   |                   |       |       |                                       |   |   |   |
| Notes payable - borrowings                                                                                 |                                  |   | -                      |       |   |                   | 335,000    |       |                                       |   | 1,897,500 |   |
| Notes payable - payments                                                                                   |                                  |   | -                      |       |   |                   | (120,000   | )          |                                       |   | (8,847 | ) |
| Issuance of stock                                                                                          |                                  |   | -                      |       |   |                   |       |       |                                       |   | 893,692 |   |
|                                                                                                       |                                  |   |                   |       |   |                   |       |       |                                       |   |   |   |   |
| Net cash provided by (used for)  from financing activities                                            |                                  |   | -                      |       |   |                   | 215,000    |       |                                       |   | 2,782,345 |   |
|                                                                                                       |                                  |   |                   |       |   |                   |       |       |                                       |   |   |   |   |
| Net cash used in continuing operations                                                                     |                                  |   | (92,525                | )          |   |                   | (141,664   | )          |                                       |   | - |   |
|                                                                                                       |                                  |   |                   |       |   |                   |       |       |                                       |   |   |   |   |
| Cash Flow from discontinued operations                                                                     |                                  |   | -                      |       |   |                   | -          |       |                                       |   | - |   |
|                                                                                                       |                                  |   |                   |       |   |                   |       |       |                                       |   |   |   |   |
| Net change in cash                                                                                         |                                  |   | (92,525                | )          |   |                   | (141,664   | )          |                                       |   | - |   |
|                                                                                                       |                                  |   |                   |       |   |                   |       |       |                                       |   |   |   |   |
| Beginning cash                                                                                             |                                  |   | 92,525                 |       |   |                   | 234,189    |       |                                       |   |   |   |
|                                                                                                       |                                  |   |                   |       |   |                   |       |       |                                       |   |   |   |   |
| Ending cash                                                                                                |                                  | $      | -                      |       |   | $                      | 92,525     |       |                                       | $      | - |   |
|                                                                                                       |                                  |   |                   |       |   |                   |       |       |                                       |   |   |   |   |
|                                                                                                       |                                  |   |                   |       |   |                   |       |       |                                       |   |   |   |   |
| Schedule of Non-Cash Investing and Financing Activities                                                    |                                  |   |                   |       |   |                   |       |       |                                       |   |   |   |
|                                                                                                       |                                  |   |                   |       |   |                   |       |       |                                       |   |   |   |   |
| In 2007, the Company issued 133,333 shares for all the shares in a private corporation valued at $266,667. |                                  |

----

Financial Statements

| In 2008, lendors to the Company converted $386,653 of notes payable and accrued interest into 3,563 shares of |   |
|---------------------------------------------------------------------------------------------------------------|--------|
| common stock.                                                                                                 |   |   |   |   |   |   |   |   |   |   |   |   |
| In 2010 the Company issued 8 million shares in fulfillment of a stock subscription payable of $720,000 and    |   |
| 14,550,000 shares for consulting and services valued at $6,989,267.                                           |   |
|                                                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Supplemental Disclosures                                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |
| Cash Paid For:                                                                                                |   |   |   |   |   |   |   |   |   |   |   |   |
|    Interest                                                                                    |   |   |   |   |   |   | $ | - |   |   |   |   |   |
|    Income Taxes                                                                                |   |   |   |   |   | $ | - |   |   |   |   |   |

----

Financial Statements

CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS’ EQUITY

|                                    |   |         |     |   |       |   |   |                          |   |   |             |   |   |          |       |   |                |   |
|-----------------------------------------|--------|--------------|----------|--------|------------|--------|--------|-------------------------------|--------|--------|------------------|--------|--------|---------------|------------|--------|---------------------|--------|
|                                    |   | Common Stock |     |   |       |   |   | Deficit AccumulatedDuring the |   |   | AccumulatedOther |   |   |          |       |
|                                    |   |         |     |   | Amount     |   |   | Paid In                       |   |   | Development      |   |   | Comprehensive |       |   | Stockholders’ |   |
|                                    |   | Shares (1)   |     |   | ($.001Par) |   |   | Capital                       |   |   | Stage            |   |   | Income/(Loss) |       |   | Equity              |   |
| Balance at May 30, 2006                 |   |         | -        |   |       | $      | -      |                          |   | $      | -                |   |   | $             | -          |   |                | $      | - |   |   | $ | - |   |
|                                    |   |         |     |   |       |   |   |                          |   |   |             |   |   |          |       |   |                |   |   |   |   |   |   |   |
| Issuance of stock for cash              |   |         | 250,000  |   |       |   | 250    |                          |   |   | 4,750            |   |   |          |       |   |                |   |   |   |   |   | 5,000 |   |
|                                    |   |         |     |   |       |   |   |                          |   |   |             |   |   |          |       |   |                |   |   |   |   |   |   |   |
| Foreign currency Gain(Loss)             |   |         |     |   |       |   |   |                          |   |   |             |   |   |          |       |   |                |   | (64 | ) |   |   | (64 | ) |
|                                    |   |         |     |   |       |   |   |                          |   |   |             |   |   |          |       |   |                |   |   |   |   |   |   |   |
| Net Gain (Loss) for period ending       |   |         |     |   |       |   |   |                          |   |   |             |   |   |          |       |   |                |   |   |   |   |   |   |   |
| July 31st, 2006                         |   |         |     |   |       |   |   |                          |   |   |             |   |   |          | (9,881     | )      |                |   |   |   |   |   | (9,881 | ) |
|                                    |   |         |     |   |       |   |   |                          |   |   |             |   |   |          |       |   |                |   |   |   |   |   |   |   |
| Balance at July 31, 2006                |   |         | 250,000  |   |       | $      | 250    |                          |   | $      | 4,750            |   |   | $             | (9,881     | )      |                | $      | (64 | ) |   | $ | (4,945 | ) |
|                                    |   |         |     |   |       |   |   |                          |   |   |             |   |   |          |       |   |                |   |   |   |   |   |   |   |
| Issuance of stock for cash              |   |         | 100,400  |   |       |   | 100    |                          |   |   | 50,100           |   |   |          |       |   |                |   |   |   |   |   | 50,200 |   |
|                                    |   |         |     |   |       |   |   |                          |   |   |             |   |   |          |       |   |                |   |   |   |   |   |   |   |
| Issuance of shares for                  |   |         | 133,333  |   |       |   | 133    |                          |   |   | 266,534          |   |   |          |       |   |                |   |   |   |   |   | 266,667 |   |
|   acquisition                 |   |         |     |   |       |   |   |                          |   |   |             |   |   |          |       |   |                |   |   |   |   |   |   |   |
|                                    |   |         |     |   |       |   |   |                          |   |   |             |   |   |          |       |   |                |   |   |   |   |   |   |   |
| Discontinued Operations                 |   |         |     |   |       |   |   |                          |   |   |             |   |   |          |       |   |                |   | 64 |   |   |   | 64 |   |
|                                    |   |         |     |   |       |   |   |                          |   |   |             |   |   |          |       |   |                |   |   |   |   |   |   |   |
|                                    |   |         |     |   |       |   |   |                          |   |   |             |   |   |          |       |   |                |   |   |   |   |   |   |   |
| Net loss for the year                   |   |         |     |   |       |   |   |                          |   |   |             |   |   |          | (310,032   | )      |                |   |   |   |   |   | (310,032 | ) |
|                                    |   |         |     |   |       |   |   |                          |   |   |             |   |   |          |       |   |                |   |   |   |   |   |   |   |
|                                    |   |         |     |   |       |   |   |                          |   |   |             |   |   |          |       |   |                |   |   |   |   |   |   |   |
| Balance at July 31, 2007                |   |         | 483,733  |   |       | $      | 483    |                          |   | $      | 321,384          |   |   | $             | (319,913   | )      |                | $      | - |   |   | $ | 1,954 |   |
|                                    |   |         |     |   |       |   |   |                          |   |   |             |   |   |          |       |   |                |   |   |   |   |   |   |   |
| Share Cancellation                      |   |         | (250,000 | )      |       |   | (250   | )                             |   |   | 250              |   |   |          |       |   |                |   |   |   |   |   | - |   |
|                                    |   |         |     |   |       |   |   |                          |   |   |             |   |   |          |       |   |                |   |   |   |   |   |   |   |
| Shares Issued for cash, net of offering |   |         |     |   |       |   |   |                          |   |   |             |   |   |          |       |   |                |   |   |   |   |   |   |   |
|   costs of $64,315            |   |         | 3,047    |   |       |   | 3      |                          |   |   | 255,582          |   |   |          |       |   |                |   |   |   |   |   | 255,585 |   |
|                                    |   |         |     |   |       |   |   |                          |   |   |             |   |   |          |       |   |                |   |   |   |   |   |   |   |
| Shares Issued for Services              |   |         | 9,500    |   |       |   | 10     |                          |   |   | 854,990          |   |   |          |       |   |                |   |   |   |   |   | 855,000 |   |
|                                    |   |         |     |   |       |   |   |                          |   |   |             |   |   |          |       |   |                |   |   |   |   |   |   |   |
| Conversion of Debt                      |   |         | 3,563    |   |       |   | 4      |                          |   |   | 386,649          |   |   |          |       |   |                |   |   |   |   |   | 386,653 |   |
|                                    |   |         |     |   |       |   |   |                          |   |   |             |   |   |          |       |   |                |   |   |   |   |   |   |   |
| Shares Issued for Land Claims           |   |         | 284      |   |       |   |   |                          |   |   | 42,500           |   |   |          |       |   |                |   |   |   |   |   | 42,500 |   |
|                                    |   |         |     |   |       |   |   |                          |   |   |             |   |   |          |       |   |                |   |   |   |   |   |   |   |
| Issuance of Warrants                    |   |         |     |   |       |   |   |                          |   |   | 861,694          |   |   |          |       |   |                |   |   |   |   |   | 861,694 |   |
|                                    |   |         |     |   |       |   |   |                          |   |   |             |   |   |          |       |   |                |   |   |   |   |   |   |   |
| Net loss for the year                   |   |         |     |   |       |   |   |                          |   |   |             |   |   |          | (3,980,287 | )      |                |   |   |   |   |   | (3,980,287 | ) |
|                                    |   |         |     |   |       |   |   |                          |   |   |             |   |   |          |       |   |                |   |   |   |   |   |   |   |
| Balance at July 31, 2008                |   |         | 250,127  |   |       | $      | 250    |                          |   | $      | 2,723,049        |   |   | $             | (4,300,200 | )      |                | $      | - |   |   | $ | (1,576,901 | ) |
|                                    |   |         |     |   |       |   |   |                          |   |   |             |   |   |          |       |   |                |   |   |   |   |   |   |   |

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Financial Statements

| Shares Issued for services                                                                                     |   |   | 10,000     |   |   |   | 10     |   |   |   | 14,990     |   |   |   |        |   |   |   |   |   |   |   | 15,000     |   |
|----------------------------------------------------------------------------------------------------------------|--------|--------|------------|--------|--------|--------|--------|--------|--------|--------|------------|--------|--------|--------|-------------|--------|--------|--------|--------|--------|--------|--------|------------|--------|
|                                                                                                           |   |   |       |   |   |   |   |   |   |   |       |   |   |   |        |   |   |   |   |   |   |   |       |   |
| Fractional Shares - Reverse Stock Split                                                                        |   |   | 135        |   |   |   |   |   |   |   |       |   |   |   |        |   |   |   |   |   |   |   |       |   |
|                                                                                                           |   |   |       |   |   |   |   |   |   |   |       |   |   |   |        |   |   |   |   |   |   |   |       |   |
| Net loss for the year                                                                                          |   |   |       |   |   |   |   |   |   |   |       |   |   |   | (2,348,748  | )      |   |   |   |   |   |   | (2,348,748 | )      |
|                                                                                                           |   |   |       |   |   |   |   |   |   |   |       |   |   |   |        |   |   |   |   |   |   |   |       |   |
| Balance at July 31, 2009                                                                                       |   |   | 260,262    |   |   | $      | 260    |   |   | $      | 2,738,039  |   |   | $      | (6,648,948  | )      |   | $      | -      |   |   | $      | (3,910,649 | )      |
|                                                                                                           |   |   |       |   |   |   |   |   |   |   |       |   |   |   |        |   |   |   |   |   |   |   |       |   |
|                                                                                                           |   |   |       |   |   |   |   |   |   |   |       |   |   |   |        |   |   |   |   |   |   |   |       |   |
| Shares Issued for services                                                                                     |   |   | 14,550,000 |   |   |   | 14,550 |   |   |   | 6,974,717  |   |   |   |        |   |   |   |   |   |   |   | 6,989,267  |   |
|                                                                                                           |   |   |       |   |   |   |   |   |   |   |       |   |   |   |        |   |   |   |   |   |   |   |       |   |
| Shares issued for stock subscription payable                                                                   |   |   | 8,000,000  |   |   |   | 8,000  |   |   |   | 712,000    |   |   |   |        |   |   |   |   |   |   |   | 720,000    |   |
|                                                                                                           |   |   |       |   |   |   |   |   |   |   |       |   |   |   |        |   |   |   |   |   |   |   |       |   |
| Net loss for the year                                                                                          |   |   |       |   |   |   |   |   |   |   |       |   |   |   | (7,283,972  | )      |   |   |   |   |   |   | (7,283,972 | )      |
|                                                                                                           |   |   |       |   |   |   |   |   |   |   |       |   |   |   |        |   |   |   |   |   |   |   |       |   |
| Balance at July, 31 2010                                                                                       |   |   | 22,810,262 |   |   | $      | 22,810 |   |   | $      | 10,424,756 |   |   | $      | (13,932,920 | )      |   | $      | -      |   |   | $      | (3,485,354 | )      |
|                                                                                                           |   |   |       |   |   |   |   |   |   |   |       |   |   |   |        |   |   |   |   |   |   |   |       |   |
|                                                                                                           |   |   |       |   |   |   |   |   |   |   |       |   |   |   |        |   |   |   |   |   |   |   |       |   |
| (1) As restated for a 15 for 1 forward stock split on 7/30/07 and a 1 for 300 reverse stock split on 11/11/08. |   |   |       |   |   |   |   |   |   |

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Financial Statements

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTE 1 

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|                        |                                                                                                                                                                                                                                                  |
|-----------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 1.                | There is lack of segregation of duties and therefore the Company is susceptible to fraud and misappropriation of assets.                                                                                                                              |
| 2.      | There are no preventative and detective IT systems in place to prevent and/or detect fraud other than password protection.  There no software based accounting controls in place to prevent double entries, monitor performance, etc.            |
| 3.      | There is a lack of entity wide controls establishing a “tone at the top”, including no audit committee, no policy on fraud and no code of ethics.  A whistleblower policy is not necessary given the small size of the organization. |

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Financial Statements

|                        |                                                                                                                                                                                                                   |
|-----------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 1.      | The Company has hired an external accountant to record transactions and prepare the financial statements.  The information should be sent to the accountant by someone who is not in control of the bank account. |
| 2       | Obtain quotes for prevention and detection software in order to protect against fraud.                                                                                                                                 |
| 3.           | Once we obtain funding, we will purchase basic accounting software to record accounting transactions and print checks.                                                                                       |
| 4.      | Adopt a corporate records and document retention policy to ensure that all significant records are kept for the appropriate amount of time as required by law.                                                    |
| 5.      | Appoint a minimum of two independent directors to the board of directors and then implement an audit committee to review all financial statements and SEC filings and oversee the development of corporate policies.   |

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Financial Statements

|                                 |                                                    |                                            |
|--------------------------------------|---------------------------------------------------------|-------------------------------------------------|
|                                 | Position(s) Held in                                     |                                            |
| Name and Age                         | FBC Holding Inc.                                        | Tenure                           |
| Christopher LeClerc, 34    | Sole Director                                 | From December 2007 to present    |
|                                 | President, Chief Executive Officer                      | From March 20, 2009 to present   |
|                                 | Chief Financial Officer and Treasurer    | From June 2007 to present                  |
| Brian Lehmann, 41                    | Secretary                                               | July 22, 2010 to present                        |

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| SUMMARY COMPENSATION TABLE |       |
|----------------------------|------------|
|                       |       |   |   |   |   |   | Nonqualified |   |   |
| Name and                   |       |   |   |   |   | Non-Equity | Deferred |   |   |
| Principal                  |       |   |   | Stock | Option    | Incentive Plan | Compensation |  All Other |   |
| Position                   | Year       | Salary   | Bonus | Awards | Awards   | Compensation | Earnings | Compensation | Total |
|                       |       | ($) | ($) | ($) | ($) | ($) | ($) | ($) | ($) |
| Christopher                | 2010  | 0 | 0  |  0 | 0 |  0 | 0 |  0 | 0 |
| LeClerc (1)                | 2009  | 0 | 0  |  450,000 |  0 | 0 |  0 | 0 | 450,000 |
| Cady                       | 2010  | 0 | 0  |  0 | 0 |  0 | 0 |  0 | 0 |
| Johnson (2)                |  2009 | 45,000 | 0  |  300,000 | 0 |  0 | 0 |  0 | 345,000 |

|                         |                                                                                                                                                                                                       |
|------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1)      | Mr. LeClerc has been a director since December 2007 and our Chief Financial Officer and Treasurer since June 2007.  He was appointed our President, Chief Executive Officer on March 20, 2009.   |
| (2)                          | Mr. Johnson was our President and Chief Financial Officer from June 2007 until March 19, 2009                                                                                                              |

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| Name and Address of Beneficial Owner                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   | Amount and Nature of beneficial ownership |       |   | Percentage of Class (1) |   |   | Percentage of Voting Power (1) |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------------------------|------------|--------|-------------------------|--------|--------|--------------------------------|--------|
| Christopher LeClerc (2)66 Piscataqua RoadDover, NH 03820                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |                                      | 24,005,000 |   |                    |   | 25.65  | %                              |   |   | 25.65 | % |
| Super Rad Corporation (3)269 S. Beverly DriveBeverly Hills, CA 90212                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   |                                      | 12,500,000 |   |                    |   | 13.36  | %                              |   |   | 13.36 | % |
| Simone Richlin(4)269 S. Beverly DriveBeverly Hills, CA 90212                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |                                      | 12,500,000 |   |                    |   | 13.36  | %                              |   |   | 13.36 | % |
|  Brian Lehmann (5)66 Piscataqua RoadDover, NH 03820                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |                                      | 0          |   |                    |   | 0      | %                              |   |   | 0 | % |
| All Officers and Directors as a Group (2 Persons)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |                                      | 24,005,000 |   |                    |   | 25.65  | %                              |   |   | 25.65 | % |
|  (1) For each shareholder, the calculation of percentage of beneficial ownership is based upon 93,579,262 shares of common stock outstanding and shares of common stock subject to options, warrants and/or conversion rights held by the shareholder that are currently exercisable or exercisable within 60 days, which are deemed to be outstanding and to be beneficially owned by the shareholder holding such options, warrants, or conversion rights. The percentage ownership of any shareholder is determined by assuming that the shareholder did not purchase any shares in this offering and has exercised all options, warrants and conversion rights to obtain additional securities and that no other shareholder has exercised such rights. Except as otherwise indicated below, the persons and entity named in the table have sole voting and investment power with respect to all shares of common stock shown as beneficially owned by them, subject to applicable community property laws. (2) Shareholder, Sole Director, Chief Executive Officer, Chief Financial Officer. (3) Includes 12,500,000 shares of common stock held directly by Super Rad Corporation. The beneficial owner of Super Rad Corporation is Simone Richlin.  (4) Includes 12,500,000 shares of common stock held directly by Super Rad Corporation. The beneficial owner of Super Rad Corporation is Simone Richlin.  (5) Secretary.  |   |

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|                     |                |                |
|--------------------------|---------------------|---------------------|
|                     | Year Ended July 31, | Year Ended July 31, |
|                     | 2009                | 2010                |
| Audit fees          | 8,500               |                |
| Audit-related fees  | -                   |                |
| Tax fees            | -                   |                |
| All other fees      | -                   |                |
| Total               | 8,500               |                |

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|          |                                                                                                                                                                                                                     |
|---------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ExhibitNumber | ExhibitDescription                                                                                                                                                                                                       |
| 2.1           | Agreement and Plan of Reorganization between Wave Uranium and the Registrant.(2)                                                                                                                                         |
| 2.2           | Agreement of Sale between the Registrant and Alexandre Routkovski (2)                                                                                                                                                    |
| 3.1           | Articles of Incorporation (1)                                                                                                                                                                                            |
| 3.2           | Bylaws (1)                                                                                                                                                                                                               |
| 3.3           | Certificate of Amendment to Articles of Incorporation changing name to Wave Uranium Holding (2)                                                                                                                          |
| 3.4           | Certificate of Amendment to Articles of Incorporation increasing authorized stock (4)                                                                                                                               |
| 10.1          | Software Development and Consulting Agreement (1)                                                                                                                                                                        |
| 10.2          | Employment Agreement with Dr. Johnson (2)                                                                                                                                                                                |
| 10.3          | Employment Agreement with Mr. LeClerc(2)                                                                                                                                                                                 |
| 10.4          | Wilson Creek Agreement (3)                                                                                                                                                                                               |
| 10.5          | Form of Debenture related to March 2008 financing (5)                                                                                                                                                                    |
| 10.6          | Form of Warrant related to March 2008 financing (5)                                                                                                                                                                      |
| 10.7          | Securities Purchase Agreement, dated March 20, 2008 by and between Wave Uranium Holding and the Purchasers signatory thereto (5)                                                                                         |
| 10.8          | Registration Right Agreement, dated March 20, 2008 by and between Wave Uranium Holding and the Purchasers signatory thereto (5)                                                                                          |
| 10.9          | Security Agreement, dated March 20, 2008 by and between Wave Uranium Holding and the Purchasers signatory thereto (5)                                                                                                    |
| 10.10         | Pledge and Security Agreement, dated March 20, 2008 by and between Wave Uranium Holding and the Purchasers signatory thereto (5)                                                                                         |
| 10.11         | Subsidiary Guarantee, dated March 20, 2008 of Wave Uranium (5)                                                                                                                                                           |
| 10.12         | Form of Lock-Up Agreement (5)                                                                                                                                                                                            |
| 31.1          | Certification of the Chief Executive Officer and Chief Financial Officer pursuant to Rule 13a-14 of the Securities Exchange Act of 1934 as amended, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2003 |
| 32.1          | Certification of the Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2003                                         |
|          |                                                                                                                                                                                                                     |

|   |                                                                                                                                                             |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1)    | Filed with the Registration Statement on Form SB-2 on September 27, 2006, file number 333-137,613 and incorporated by reference to this Annual Report.           |
| (2)    | Filed with the Current Report on Form 8-K dated June 18, 2007 and incorporated by reference to this Annual Report.                                               |
| (3)    | Filed with the Current Report on Form 8-K dated October 9, 2007 and incorporated by reference to this Annual Report.                                             |
| (4)    | Filed with our Annual Report on Form 10-K for the fiscal year ended July 31, 2007, filed November 13, 2007, and incorporated by reference to this Annual Report. |
| (5)    | Filed with Current Report on Form 8-K dated March 20, 2008 and incorporated by reference to this Annual Report.                                                  |

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|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |                                                                                                  |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         | FBC Holding Inc.By: /s/ Christopher LeClerc                                                      |
| Date: March 3, 2011                                                                                                                                                                                                                      | Christopher LeClercPresident, Treasurer, Chief ExecutiveOfficer, Chief Executive Officer and Director |

|                                |                                                                                                                                                                          |                |
|-------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------|
| Signature                           |                             Title | Date                |
|                                |
| / s/ Christopher LeClerc  | President, Chief Executive Officer, Secretary,                                                                                                                           | March 3, 2011  |
| Christopher LeClerc            | Treasurer, Chief Financial Officer, Director                                                                                                                             |                |

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