----

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| Delaware                                                    |   | 26-1364883                              |
|-------------------------------------------------------------|--------|-----------------------------------------|
| (State or other jurisdiction of incorporation or formation) |   | (I.R.S. employer identification number) |

| Issuer’s telephone number:   | (310) 492-9898 |
|----------------------------------------------|---------------------|

| Large accelerated filer   |  ̈ | Accelerated filer                     |  ̈ |
|-------------------------------------|--------|---------------------------------------|--------|
| Non-accelerated filer               |  ̈ | Smaller reporting company   | x      |

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PART I – FINANCIAL INFORMATION 

| Item 1. | Financial Statements |
|---------|----------------------|

| FINANCIAL REPORTS       |
|-------------------------|
| AT                      |
| SEPTEMBER 30, 2009 |

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| Balance Sheets at September 30, 2009 (Unaudited) and December 31, 2008                                                                                                                               | F-1       |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------|
|                                                                                                                                                                                                      |      |
| Statement of Changes in Stockholders’ Deficit for the Period from Date of Inception (April 16, 2007) through September 30, 2009 (Unaudited)                                               | F-2       |
|                                                                                                                                                                                                      |      |
| Statements of Operations for the Three and Nine Months Ended September 30, 2009 and 2008 and for the Period from Date of Inception (April 16, 2007) through September 30, 2009 (Unaudited) | F-3       |
|                                                                                                                                                                                                      |      |
| Statements of Cash Flows for the Nine Months Ended September 30, 2009 and 2008 and for the Period from Date of Inception (April 16, 2007) through September 30, 2009 (Unaudited)           | F-4       |
|                                                                                                                                                                                                      |      |
| Notes to Financial Statements                                                                                                                                                                             | F-5 - F-7 |

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AFH HOLDING II, INC. 

| BALANCE SHEETS                                    |                                       |                     |    |    |         |   |
|---------------------------------------------------|--------------------------------------------|--------------------------|---------|---------|--------------|--------|
|                                              |                                       |                     |    |    |         |   |
|                                              |                                       | (Unaudited)September 30, |    |    | December 31, |   |
|                                              |                                       | 2009                     |    |    | 2008         |   |
|                                              |                                       |                     |    |    |         |   |
| ASSETS                                            |                                       | $                        | — |    |         | $      | — |   |
|                                              |                                       |                     |    |    |         |   |   |   |
|                                              |                                       |                     |    |    |         |   |   |   |
| LIABILITIES AND STOCKHOLDER'S DEFICIT             |                                       |                     |    |    |         |   |   |   |
|                                              |                                       |                     |    |    |         |   |   |   |
| Liabilities                                       |                                       |                     |    |    |         |   |   |   |
| Accrued Expenses                                  |                                       | $                        | 3,465   |    |         | $      | 1,000 |   |
| Due to Parent                                     |                                       |                     | 1,750   |    |         |   | 1,750 |   |
|                                              |                                       |                     |    |    |         |   |   |   |
| Total Liabilities                                 |                                       |                     | 5,215   |    |         |   | 2,750 |   |
|                                              |                                       |                     |    |    |         |   |   |   |
| Stockholder's Deficit                             |                                       |                     |    |    |         |   |   |   |
| Preferred Stock:                        | $.001 Par; 20,000,000 Shares Authorized,   |                     |    |    |         |   |   |   |   |
|                                              | -0- Issued and Outstanding                 |                     |    | — |         |   |   | — |   |
| Common Stock:                                     | $.001 Par; 100,000,000 Shares Authorized;  |                     |    |    |         |   |   |   |   |
|                                              | 5,000,000 Issued and 1,500,000 Outstanding |                     |    | 5,000   |         |   |   | 5,000 |   |
| Additional Paid-In-Capital                        |                                       |                     | 11,021  |    |         |   | 11,021 |   |
| Deficit Accumulated During Development Stage      |                                       |                     | (12,486 | )       |         |   | (10,021 | ) |
| Treasury Stock - 3,500,000 Shares at Cost, $.0025 |                                       |                     | (8,750  | )       |         |   | (8,750 | ) |
|                                              |                                       |                     |    |    |         |   |   |   |
| Total Stockholder's Deficit                       |                                       |                     | (5,215  | )       |         |   | (2,750 | ) |
|                                              |                                       |                     |    |    |         |   |   |   |
| Total Liabilities and Stockholder's Deficit       |                                       | $                        | — |    |         | $      | — |   |

----

   

| STATEMENTS OF CHANGES IN STOCKHOLDER'S DEFICIT FOR THE PERIOD FROMDATE OF INCEPTION (APRIL 16, 2007) THROUGH SEPTEMBER 30, 2009 - UNAUDITED |   |
|---------------------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                                                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                                                        |   |   |   |   |   |   |   |   |   |   | Deficit |   |   |   |   |   |   |   |
|                                                                                                                                        |   |   |   |   |   |   |   |   |   |   | Accumulated |   |   |   |   |   |   |   |
|                                                                                                                                        |   | Common Stock |   |   | Additional |   |   | During |   |   |   |   |   | Total |   |
|                                                                                                                                        |   | Number |   |   |   |   |   | Paid-In |   |   | Development |   |   | Treasury |   |   | Stockholder's |   |
|                                                                                                                                        |   | of Shares |   |   | Value |   |   | Capital |   |   | Stage |   |   | Stock |   |   | Deficit |   |
|                                                                                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance - April 16, 2007                                                                                                                    |   |   | — |   |   | $ | — |   |   | $ | — |   |   | $ | — |   |   | $ | — |   |   | $ | — |   |
|                                                                                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Common Stock Issued in Lieu of Services                                                                                                     |   |   | 5,000,000 |   |   |   | 5,000 |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | 5,000 |   |
|                                                                                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Contributed Capital for Services                                                                                                            |   |   | — |   |   |   | — |   |   |   | 2,271 |   |   |   | — |   |   |   | — |   |   |   | 2,271 |   |
|                                                                                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Purchase of Treasury Stock                                                                                                                  |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | (12,500 | ) |   |   | (12,500 | ) |
|                                                                                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Sale of Treasury Stock                                                                                                                      |   |   | — |   |   |   | — |   |   |   | 8,750 |   |   |   | — |   |   |   | 3,750 |   |   |   | 12,500 |   |
|                                                                                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net Loss                                                                                                                                    |   |   | — |   |   |   | — |   |   |   | — |   |   |   | (7,271 | ) |   |   | — |   |   |   | (7,271 | ) |
|                                                                                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance - December 31, 2007                                                                                                                 |   |   | 5,000,000 |   |   |   | 5,000 |   |   |   | 11,021 |   |   |   | (7,271 | ) |   |   | (8,750 | ) |   |   | — |   |
|                                                                                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net Loss                                                                                                                                    |   |   | — |   |   |   | — |   |   |   | — |   |   |   | (2,750 | ) |   |   | — |   |   |   | (2,750 | ) |
|                                                                                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance - December 31, 2008                                                                                                                 |   |   | 5,000,000 |   |   |   | 5,000 |   |   |   | 11,021 |   |   |   | (10,021 | ) |   |   | (8,750 | ) |   |   | (2,750 | ) |
|                                                                                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net Loss                                                                                                                                    |   |   | — |   |   |   | — |   |   |   | — |   |   |   | (2,465 | ) |   |   | — |   |   |   | (2,465 | ) |
|                                                                                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance - September 30, 2009                                                                                                                |   |   | 5,000,000 |   |   | $ | 5,000 |   |   | $ | 11,021 |   |   | $ | (12,486 | ) |   | $ | (8,750 | ) |   | $ | (5,215 | ) |

----

AFH HOLDING II, INC. 

   

| STATEMENTS OF OPERATIONS - UNAUDITED       |   |
|--------------------------------------------|--------|
|                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                       |   |   |   |   |   |   |   |   |   |   |   |   |   | Period From |   |
|                                       |   |   |   |   |   |   |   |   |   |   |   |   |   | Date of Inception |   |
|                                       |   | For the Nine Months Ended |   |   | For the Three Months Ended |   |   | (April 16, 2007) |   |
|                                       |   | September 30, |   |   | September 30, |   |   | Through |   |
|                                       |   | 2009 |   |   | 2008 |   |   | 2009 |   |   | 2008 |   |   | September 30, 2009 |   |
|                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Revenues                                   |   | $ | — |   |   | $ | — |   |   | $ | — |   |   | $ | — |   |   | $ | — |   |
|                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Expenses                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| General and Administrative                 |   |   | 2,375 |   |   |   | — |   |   |   | 625 |   |   |   | — |   |   |   | 12,396 |   |
| Interest                                   |   |   | 15 |   |   |   | — |   |   |   | 15 |   |   |   | — |   |   |   | 15 |   |
|                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Total Expenses                             |   | $ | 2,390 |   |   | $ | — |   |   | $ | 640 |   |   | $ | — |   |   | $ | 12,411 |   |
|                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net Loss for the Period Before Taxes       |   | $ | (2,390 | ) |   | $ | — |   |   | $ | (640 | ) |   | $ | — |   |   | $ | (12,411 | ) |
|                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Franchise Tax                              |   | $ | 75 |   |   | $ | — |   |   | $ | 75 |   |   | $ | — |   |   | $ | 75 |   |
|                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Net Loss for the Period After Taxes        |   | $ | (2,465 | ) |   | $ | — |   |   | $ | (715 | ) |   | $ | — |   |   | $ | (12,486 | ) |
|                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Loss per Share - Basic and Diluted         |   | $ | (0.00 | ) |   | $ | (0.00 | ) |   | $ | (0.00 | ) |   | $ | (0.00 | ) |   | $ | (0.01 | ) |
|                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Weighted Average Common Shares Outstanding |   |   | 1,500,000 |   |   |   | 1,500,000 |   |   |   | 1,500,000 |   |   |   | 1,500,000 |   |   |   | 2,413,043 |   |

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AFH HOLDING II, INC. 

| STATEMENTS OF CASH FLOWS - UNAUDITED            |   |
|-------------------------------------------------|--------|
|                                            |   |   |   |   |   |   |   |   |   |
|                                            |   |   |   |   |   |   |   | Period From |   |
|                                            |   |   |   |   |   |   |   | Date of Inception |   |
|                                            |   | For the Nine Months Ended |   |   | (April 16, 2007) |   |
|                                            |   | September 30, |   |   | Through |   |
|                                            |   | 2009 |   |   | 2008 |   |   | September 30, 2009 |   |
|                                            |   |   |   |   |   |   |   |   |   |
| Cash Flows from Operating Activities            |   |   |   |   |   |   |   |   |   |
|                                            |   |   |   |   |   |   |   |   |   |
| Net Loss                                        |   | $ | (2,465 | ) |   | $ | — |   |   | $ | (12,486 | ) |
|                                            |   |   |   |   |   |   |   |   |   |   |   |   |
| Non Cash Adjustments:                           |   |   |   |   |   |   |   |   |   |   |   |   |
| Common Stock Issued in Lieu of Services         |   |   | — |   |   |   | — |   |   |   | 5,000 |   |
| Contributed Capital for Services                |   |   | — |   |   |   | — |   |   |   | 2,271 |   |
|                                            |   |   |   |   |   |   |   |   |   |   |   |   |
| Changes in Assets and Liabilities:              |   |   |   |   |   |   |   |   |   |   |   |   |
| Accrued Expenses                                |   |   | 2,465 |   |   |   | — |   |   |   | 3,465 |   |
|                                            |   |   |   |   |   |   |   |   |   |   |   |   |
| Net Cash Flows from Operating Activities        |   |   | — |   |   |   | — |   |   |   | (1,750 | ) |
|                                            |   |   |   |   |   |   |   |   |   |   |   |   |
| Net Cash Flows from Investing Activities        |   |   | — |   |   |   | — |   |   |   | — |   |
|                                            |   |   |   |   |   |   |   |   |   |   |   |   |
| Cash Flows from Financing Activities            |   |   |   |   |   |   |   |   |   |   |   |   |
| Cash Advance by Parent                          |   |   | — |   |   |   | — |   |   |   | 1,750 |   |
|                                            |   |   |   |   |   |   |   |   |   |   |   |   |
| Net Change in Cash and Cash Equivalents         |   |   | — |   |   |   | — |   |   |   | — |   |
|                                            |   |   |   |   |   |   |   |   |   |   |   |   |
| Cash and Cash Equivalents - Beginning of Period |   |   | — |   |   |   | — |   |   |   | — |   |
|                                            |   |   |   |   |   |   |   |   |   |   |   |   |
| Cash and Cash Equivalents - End of Period       |   | $ | — |   |   | $ | — |   |   | $ | — |   |
|                                            |   |   |   |   |   |   |   |   |   |   |   |   |
| Cash Paid During the Period for:                |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest                                        |   | $ | — |   |   | $ | — |   |   | $ | — |   |
| Franchise Tax                                   |   | $ | — |   |   | $ | — |   |   | $ | — |   |

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AFH HOLDING II, INC.(A DEVELOPMENT STAGE COMPANY)(A DELAWARE CORPORATION)Beverly Hills, CA  NOTES TO FINANCIAL STATEMENTS Note AThe CompanyAFH Holding II, Inc., a development stage company (the “Company”), was incorporated under the laws of the State of Delaware on April 16, 2007.  The Company is majority owned by AFH Holding & Advisory, LLC.  The financial statements presented represent only those transactions of AFH Holding II, Inc.  The Company is looking to acquire an existing company or acquire the technology to begin operations. As a blank check company, the Company’s business is to pursue a business combination through acquisition, or merger with, an existing company. As of the date of the financial statements, the Company is not conducting negotiations with any target business. No assurances can be given that the Company will be successfulin locating or negotiating with any target company. Since inception, the Company has been engaged in organizational efforts. The condensed financial statements of AFH Holding II, Inc., (the “Company”) included herein have been prepared by the Company, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”).  Certain information and footnote disclosures normallyincluded in financial statements prepared in conjunction with generally accepted accounting principles have been condensed or omitted pursuant to such rules and regulations, although the Company believes that the disclosures are adequate to make the information presented not misleading. These condensed financial statements should be read in conjunction with the annual audited financial statements and the notes thereto included in the Company’s registration statement on Form 10-K, and other reports filedwith the SEC. The accompanying unaudited interim financial statements reflect all adjustments of a normal and recurring nature which are, in the opinion of management, necessary to present fairly the financial position, results of operations and cash flows of the Company for the interim periods presented.  The results ofoperations for these periods are not necessarily comparable to, or indicative of, results of any other interim period or for the fiscal year taken as a whole.  Certain information that is not required for interim financial reporting purposes has been omitted. Note BSummary of Significant Accounting PoliciesMethod of AccountingThe Company maintains its books and prepares its financial statements on the accrual basis of accounting.   - continued -  F-5 

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| Note B | Summary of Significant Accounting Policies – continuedDevelopment StageThe Company has operated as a development stage enterprise since its inception by devoting substantially all of its efforts to financial planning, raising capital, research and development, and developing markets for its services.  The Company prepares its financial statements in accordance with the requirementsof FASB ASC 915 (prior authoritative literature, FAS No. 7 “Accounting and Reporting by Development Stage Enterprises”). Loss Per Common ShareLoss per common share is computed in accordance with FASB ASC 260-10 (prior authoritative literature, FAS No. 128 “Earnings Per Share”) by dividing income (loss) available to common stockholders by weighted average number of common shares outstanding for each period.  Diluted earnings per shareincludes the dilutive effect of any stock options or warrants, if any. Use of EstimatesThe preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reportedamounts of revenues and expenses during the reporting period.  Actual results can differ from those estimates. Income TaxesThe Company accounts for income taxes in accordance with FASB ASC 740 (prior authoritative literature, FAS No. 109, “Accounting for Income Taxes”) using the asset and liability approach, which requires recognition of deferred tax liabilities and assets for the expected future tax consequences of temporarydifferences between the carrying amounts and the tax basis of such assets and liabilities.  This method utilizes enacted statutory tax rates in effect for the year in which the temporary differences are expected to reverse and gives immediate effect to changes in income tax rates upon enactment.  Deferred tax assets are recognized, net of any valuation allowance, for temporary differences and net operating loss and tax credit carry forwards.  Deferred income tax expense representsthe change in net deferred assets and liability balances. Financial InstrumentsThe Company’s financial instruments consist of accrued expenses and due to parent. Unless otherwise noted, it is management’s opinion that the Company is not exposed to significant interest, currency or credit risks arising from these financial instruments.  The fair value of these financialinstruments approximates their carrying value, unless otherwise noted. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| Note B | Summary of Significant Accounting Policies – continuedRecent PronouncementsThe Company does not expect the adoption of recently issued accounting pronouncements to have a significant impact on the Company’s results of operations, financial position, or cash flow. |
|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Note C | Equity SecuritiesHolders of shares of common stock shall be entitled to cast one vote for each common share held at all stockholder's meetings for all purposes, including the election of directors.  The common stock does not have cumulative voting rights. The preferred stock of the Company shall be issued by the Board of Directors of the Company in one or more classes or one or more series within any class and such classes or series shall have such voting powers, full or limited, or no voting powers, and such designations, preferences, limitations or restrictionsas the Board of Directors of the Company may determine, from time to time. No holder of shares of stock of any class shall be entitled as a matter of right to subscribe for or purchase or receive any part of any new or additional issue of shares of stock of any class, or of securities convertible into shares of stock or any class, whether now hereafter authorized or whether issued for money,for consideration other than money, or by way of dividend. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Note D | Going ConcernThe Company’s financial statements have been presented on the basis that it is a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has reported recurring losses from operations.  As a result, there is an accumulateddeficit of $12,486 at September 30, 2009. The Company’s continued existence is dependent upon its ability to raise capital or acquire a marketable company. The financial statements do not include any adjustments that might be necessary should the Company be unable to continue as a going concern. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Note E | Due to ParentDue to parent represents cash advances from AFH Holding & Advisory LLC.  AFH Holding & Advisory LLC is the majority shareholder of the Company. There are no repayment terms. |
|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Note F | Subsequent EventsSubsequent events were evaluated through November 12, 2009, the date the financial statements were issued. |
|--------|-----------------------------------------------------------------------------------------------------------------------------|

----

  

| Item 2. | Management’s Discussion and Analysis or Plan of Operation. |
|---------|------------------------------------------------------------------|

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| Item 3. | Quantitative and qualitative Disclosures About Market Risk |
|---------|------------------------------------------------------------|

   

| Item 4T. | Controls and Procedures |
|----------|-------------------------|

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PART II – OTHER INFORMATION 

   

| Item 1. | Legal Proceedings. |
|---------|--------------------|

   

| Item 2. | Unregistered Sales of Equity Securities and Use of Proceeds. |
|---------|--------------------------------------------------------------|

   

| Item 3. | Defaults Upon Senior Securities. |
|---------|----------------------------------|

   

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

   

| Item 5. | Other Information. |
|---------|--------------------|

   

| Item 6. | Exhibits. |
|---------|-----------|

| 3.1    |   | Certificate of Incorporation, as filed with the Delaware Secretary of State on April 16, 2007 (1)                                                                                       |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                                                    |
| 3.2    |   | By-Laws (1)                                                                                                                                                                             |
|   |   |                                                                                                                                                                                    |
| 10.1   |   | Stock Redemption Agreement dated November 13, 2007 by and between AFH Holding II, Inc., a Delaware Corporation, and Lauren Scott (2)                                                    |
|   |   |                                                                                                                                                                                    |
| 10.2   |   | Stock Purchase Agreement dated November 13, 2007 by and between AFH Holding II, Inc., a Delaware corporation, and AFH Holding and Advisory, LLC, a Nevada limited liability company (2) |
|   |   |                                                                                                                                                                                    |
| 31.1   |   | Certification by Chief Executive Officer pursuant to Sarbanes-Oxley Section 302*                                                                                                        |
|   |   |                                                                                                                                                                                    |
| 31.2   |   | Certification by Chief Financial Officer pursuant to Sarbanes-Oxley Section 302*                                                                                                        |
|   |   |                                                                                                                                                                                    |
| 32.1   |   | Certification pursuant to Section 906 of Sarbanes Oxley Act of 2002*                                                                                                                    |

----

SIGNATURES 

|   |   |   | AFH HOLDING II, INC.           |
|--------|--------|--------|--------------------------------|
|   |   |   | (Registrant)                   |
|   |   |   |                           |
|   |   |   | /s/ Amir F. Heshmatpour        |
|   |   |   | Amir F. Heshmatpour, President |
|   |   |   |                           |