UNITED
  STATESSECURITIES
    AND EXCHANGE COMMISSIONWashington, D.C. 20549

FORM 10-Q

[X] QUARTERLY
REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the
quarterly period ended March 31, 2010

[   ]
TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT

For the
transition period from _______ to _______

Commission File
Number: 000-30695

ARVANA INC.(Exact
name of small business issuer as specified in its charter)

|NEVADA                                             | 87-0618509                       
|-------------------------------------------------- | ---------------------------------
|(State or other jurisdiction of incorporation
  or | (IRS Employer Identification No.)
|organization)                                      |                                  

Suite145, 925 West Georgia Street, Vancouver, BC, V6C 3L2(Address
of principal executive offices) (Zip Code)

866-824-7860 (Issuer's
telephone number)

Not Applicable(Former
name, if changed since last report)

Check whether
the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of
the Exchange Act during the past 12 months (or 
for such shorter period that the registrant was required to file such reports),
and (2) has been subject to such filing requirements for the 
past 90 days. Yes [X]    No [   ]

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

|Large accelerated filer [ 
   ] | Accelerated
  filer                  
  [   ]
|------------------------------- | ---------------------------------------------
|                                |                                              
|Non-accelerated filer  
  [   ] | Smaller reporting company [X]                

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

APPLICABLE ONLY
TO CORPORATE ISSUERS

The number of
outstanding shares of the Issuer’s common stock, $0.001 par value per share,
was 21,202,375 as of April 30, 2010.

---



PART I

ARVANA INC.

FORM 10-Q

For the
Quarterly Period Ended March 31, 2010

INDEX

|PART
  I   | Financial
  Information                                                                 | 3 
|---------- | --------------------------------------------------------------------------------------- | --
|Item
  1.  | Financial
  Statements                                                                  | 3 
|Item
  2.  | Management’s
  Discussion and Analysis of Financial Condition and Results of Operations | 13
|Item
  4T. | Controls
  and Procedures                                                               | 17
|           |                                                                                         |   
|PART
  II  | Other
  Information                                                                     | 19
|Item
  1.  | Legal
  Proceedings                                                                     | 19
|Item
  2.  | Unregistered
  Sales of Equity Securities and Use of Proceeds                           | 19
|Item
  3.  | Defaults
  Upon Senior Securities                                                       | 19
|Item
  4.  | Submission
  of Matters to a Vote of Security Holders                                   | 19
|Item
  5.  | Other
  Information                                                                     | 19
|Item
  6.  | Exhibits                                                                                | 19
|Signatures |                                                                                         | 21

2

---



Item
1.            
Financial Statements

The following unaudited consolidated
interim financial statements of Arvana Inc. are included in this Quarterly
Report on Form 10-Q:

|                                                                                           | Page
|------------------------------------------------------------------------------------------ | ----
|Consolidated
  Balance Sheets at March 31, 2010 and December 31, 2009                      | 4   
|Consolidated
  Statements of Operations for the three months ended March 31, 2010 and 2009 | 5   
|Consolidated
  Statements of Cash Flows for the three months ended March 31, 2010 and 2009 | 6   
|Consolidated
  Statement of Stockholders Equity for the three months ended March 31, 2010  | 7   
|Notes
  to Consolidated Financial Statements                                               | 8   

3

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ARVANA INC. AND SUBSIDIARIES(A DEVELOPMENT STAGE COMPANY) 
CONSOLIDATED BALANCE SHEETS 
(EXPRESSED IN US DOLLARS) 
(UNAUDITED)

|                                                                                   |   |             |   |   |              |  
|---------------------------------------------------------------------------------- | - | ----------- | - | - | ------------ | -
|                                                                                   |   | March 31,   |   |   | December 31, |  
|                                                                                   |   | 2010        |   |   | 2009         |  
|                                                                                   |   |             |   |   |              |  
|                                                                                   |   |             |   |   |              |  
|ASSETS                                                                             |   |             |   |   |              |  
|                                                                                   |   |             |   |   |              |  
|Current                                                                            |   |             |   |   |              |  
|Cash                                                                               | $ | 13,055      |   | $ | 534          |  
|                                                                                   |   |             |   |   |              |  
|                                                                                   |   |             |   |   |              |  
|                                                                                   |   |             |   |   |              |  
|                                                                                   |   | 13,055      |   |   | 534          |  
|                                                                                   |   |             |   |   |              |  
|Long-term                                                                          |   |             |   |   |              |  
|Equipment (Note 3)                                                                 |   | 28          |   |   | 103          |  
|                                                                                   |   |             |   |   |              |  
|                                                                                   |   |             |   |   |              |  
|                                                                                   | $ | 13,083      |   | $ | 637          |  
|                                                                                   |   |             |   |   |              |  
|                                                                                   |   |             |   |   |              |  
|LIABILITIES
  AND STOCKHOLDERS' DEFICIENCY                                         |   |             |   |   |              |  
|                                                                                   |   |             |   |   |              |  
|Current                                                                            |   |             |   |   |              |  
|Accounts payable and accrued liabilities                                           | $ | 467,312     |   | $ | 449,159      |  
|Note payable                                                                       |   | 162,312     |   |   | 171,984      |  
|Amounts due to related parties (Note 4)                                            |   | 224,417     |   |   | 207,661      |  
|Loans Payable (Note 4)                                                             |   | 711,197     |   |   | 713,087      |  
|                                                                                   |   |             |   |   |              |  
|                                                                                   |   | 1,565,238   |   |   | 1,541,891    |  
|                                                                                   |   |             |   |   |              |  
|                                                                                   |   |             |   |   |              |  
|Stockholders'
  deficiency                                                         |   |             |   |   |              |  
|Common stock (Note 5)                                                              |   |             |   |   |              |  
|100,000,000 common shares authorized
  at $0.001 par value;                        |   |             |   |   |              |  
|21,202,375 common shares issued and
  outstanding (December 31, 2009 - 21,202,375) |   | 21,203      |   |   | 21,203       |  
|Additional paid-in capital                                                         |   | 21,426,301  |   |   | 21,426,301   |  
|Deficit                                                                            |   | (22,705,422 | ) |   | (95,331      | )
|Deficit accumulated during the development stage                                   |   | (10,901     | ) |   | (22,610,091  | )
|                                                                                   |   |             |   |   |              |  
|                                                                                   |   | (1,268,819  | ) |   | (1,257,918   | )
|Less: Treasury stock - 3,541,700 common shares (December
  31, 2009 - 3,541,700)   |   | (283,336    | ) |   | (283,336     | )
|                                                                                   |   |             |   |   |              |  
|                                                                                   |   | (1,552,155  | ) |   | (1,541,254   | )
|                                                                                   |   |             |   |   |              |  
|                                                                                   | $ | 13,083      |   | $ | 637          |  
|                                                                                   |   |             |   |   |              |  

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

4

---



ARVANA
INC. AND SUBSIDIARIES(A
DEVELOPMENT STAGE COMPANY)
CONSOLIDATED STATEMENT OF OPERATIONS AND COMPREHENSIVE LOSS 
(EXPRESSED IN US DOLLARS)
(UNAUDITED)

|                                                                   |   |                            |   |   |                          |   |   |                       |  
|------------------------------------------------------------------ | - | -------------------------- | - | - | ------------------------ | - | - | --------------------- | -
|                                                                   |   |                            |   |   |                          |   |   | Cumulative amounts    |  
|                                                                   |   |                            |   |   |                          |   |   | from the beginning of |  
|                                                                   |   | For the three months ended |   |   | the development stage on |  
|                                                                   |   | March 31,                  |   |   | January 1, 2010 to       |  
|                                                                   |   | 2010                       |   |   | 2009                     |   |   | March 31, 2010        |  
|                                                                   |   |                            |   |   |                          |   |   |                       |  
|                                                                   |   |                            |   |   |                          |   |   |                       |  
|Operating
  expenses                                               |   |                            |   |   |                          |   |   |                       |  
|General and administrative                                         | $ | (35,348                    | ) | $ | (28,002                  | ) | $ | (35,348               | )
|Depreciation                                                       |   | (75                        | ) |   | (75                      | ) |   | (75                   | )
|Foreign exchange gain                                              |   | 24,522                     |   |   | 31,318                   |   |   | 24,522                |  
|                                                                   |   |                            |   |   |                          |   |   |                       |  
|Net
  income (loss) before income taxes                            |   | (10,901                    | ) |   | 3,241                    |   |   | (10,901               | )
|                                                                   |   |                            |   |   |                          |   |   |                       |  
|Income
  taxes                                                     |   | -                          |   |   | -                        |   |   | -                     |  
|                                                                   |   |                            |   |   |                          |   |   |                       |  
|Net
  income (loss) and comprehensive income (loss) for the period | $ | (10,901                    | ) | $ | 3,241                    |   | $ | (10,901               | )
|                                                                   |   |                            |   |   |                          |   |   |                       |  
|                                                                   |   |                            |   |   |                          |   |   |                       |  
|Loss
  per share - basic and diluted                               | $ | (0.00                      | ) | $ | 0.00                     |   |   |                       |  
|                                                                   |   |                            |   |   |                          |   |   |                       |  
|                                                                   |   |                            |   |   |                          |   |   |                       |  
|Weighted
  average number of common shares outstanding             |   | 21,202,375                 |   |   | 21,202,375               |   |   |                       |  

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

5

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|                                          |   |                            |   |   |                      |   |   |                           |  
|----------------------------------------- | - | -------------------------- | - | - | -------------------- | - | - | ------------------------- | -
|                                          |   |                            |   |   |                      |   |   | Cumulative amounts        |  
|                                          |   |                            |   |   |                      |   |   | from the beginning of the |  
|                                          |   | For the three months ended |   |   | development stage on |  
|                                          |   | March 31,                  |   |   | January 1, 2010 to   |  
|                                          |   | 2010                       |   |   | 2009                 |   |   | March 31, 2010            |  
|                                          |   |                            |   |   |                      |   |   |                           |  
|Cash
  flows from operating activities    |   |                            |   |   |                      |   |   |                           |  
|Net gain (loss) for the period            | $ | (10,901                    | ) | $ | 3,241                |   | $ | (10,901                   | )
|                                          |   |                            |   |   |                      |   |   |                           |  
|Items not involving cash:                 |   |                            |   |   |                      |   |   |                           |  
|Depreciation and amortization             |   | 75                         |   |   | 75                   |   |   | 75                        |  
|Unrealized foreign exchange               |   | (24,962                    | ) |   | (31,636              | ) |   | (24,962                   | )
|Changes in non-cash working capital:      |   |                            |   |   |                      |   |   |                           |  
|Accounts payable and accrued liabilities  |   | 18,779                     |   |   | 21,153               |   |   | 18,779                    |  
|Amounts due to related parties            |   | 14,766                     |   |   | 7,135                |   |   | 14,766                    |  
|                                          |   |                            |   |   |                      |   |   |                           |  
|Net cash used in operations               |   | (2,243                     | ) |   | (32                  | ) |   | (2,243                    | )
|                                          |   |                            |   |   |                      |   |   |                           |  
|                                          |   |                            |   |   |                      |   |   |                           |  
|Cash
  flows from financing activities    |   |                            |   |   |                      |   |   |                           |  
|Proceeds of loans payable                 |   | 14,764                     |   |   | -                    |   |   | 14,764                    |  
|                                          |   |                            |   |   |                      |   |   |                           |  
|Net cash provided by financing activities |   | 14,764                     |   |   | -                    |   |   | 14,764                    |  
|                                          |   |                            |   |   |                      |   |   |                           |  
|                                          |   |                            |   |   |                      |   |   |                           |  
|Increase
  (decrease) in cash             |   | 12,521                     |   |   | (32                  | ) |   | 12,521                    |  
|                                          |   |                            |   |   |                      |   |   |                           |  
|Cash
  , beginning of period              |   | 534                        |   |   | 738                  |   |   | 534                       |  
|                                          |   |                            |   |   |                      |   |   |                           |  
|Cash,
  end of period                     | $ | 13,055                     |   | $ | 706                  |   | $ | 13,055                    |  
|                                          |   |                            |   |   |                      |   |   |                           |  
|                                          |   |                            |   |   |                      |   |   |                           |  
|Supplementary
  information               |   |                            |   |   |                      |   |   |                           |  
|Interest paid                             | $ | -                          |   | $ | -                    |   | $ | -                         |  
|Taxes paid                                |   | -                          |   |   | -                    |   |   | -                         |  
|                                          |   |                            |   |   |                      |   |   |                           |  

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

6

---



ARVANA INC. AND
SUBSIDIARIES(A
DEVELOPMENT STAGE COMPANY)
CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (DEFICIENCY)
(EXPRESSED IN US DOLLARS)
(UNAUDITED)



|                                                             | Common Stock |  | Treasury Stock |        |  |            |   |   |          |   |   | Deficit    |  |   |             |  
|------------------------------------------------------------ | ------------ |  | -------------- | ------ |  | ---------- | - | - | -------- | - | - | ---------- |  | - | ----------- | -
|                                                             |              |  |                |        |  |            |   |   |          |   |   |            |  |   |             |  
|                                                             |              |  |                |        |  |            |   |   |          |   |   | Additional |  |   |             |  
|                                                             |              |  |                |        |  |            |   |   |          |   |   | Paid-in    |  |   |             |  
|                                                             | Shares       |  |                | Amount |  | Shares     |   |   | Amount   |   |   | Capital    |  |   | Deficit     |  
|                                                             |              |  |                |        |  |            |   |   |          |   |   |            |  |   |             |  
|                                                             |              |  |                |        |  |            |   |   |          |   |   |            |  |   |             |  
|From
  inception to December 31, 2009                        | 21,202,375   |  | $              | 21,203 |  | (3,541,700 | ) | $ | (283,336 | ) | $ | 21,426,301 |  | $ | (22,705,422 | )
|                                                             |              |  |                |        |  |            |   |   |          |   |   |            |  |   |             |  
|Net operating loss for the three months ended March 31, 2010 | -            |  |                | -      |  | -          |   |   | -        |   |   | -          |  |   | -           |  
|                                                             |              |  |                |        |  |            |   |   |          |   |   |            |  |   |             |  
|                                                             |              |  |                |        |  |            |   |   |          |   |   |            |  |   |             |  
|Balance
  March 31, 2010                                     | 21,202,375   |  | $              | 21,203 |  | (3,541,700 | ) | $ | (283,336 | ) | $ | 21,426,301 |  | $ | (22,705,422 | )

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

7

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|ARVANA INC. AND SUBSIDIARIES                        
|----------------------------------------------------
|(A development stage company)                       
|NOTES TO CONSOLIDATED FINANCIAL STATEMENTS          
|For the Three Months Ended March 31,
  2010 and 2009
|(expressed in US dollars)                           
|(Unaudited)                                         

1. Nature of Business and Ability to
Continue as a Going Concern

Arvana Inc., (the ‘Company’) was
incorporated under the laws of the State of Nevada as Turinco, Inc. on
September 16, 1977, with authorized common stock of 2,500 shares with a par
value of $0.25. On October 16, 1998, the authorized capital stock was increased
to 100,000,000 shares with a par value of $0.001. On July 24, 2006, the
shareholders approved a change of the Company’s name from Turinco, Inc. to
Arvana Inc.

In 1998, the Company completed a common
stock split of eight shares for each outstanding share. In 2005, the Company
completed another common stock split of nine shares for each outstanding share.
These consolidated financial statements have been prepared showing after stock
split shares with a par value of $0.001.

These consolidated financial statements
for the three month period ended March 31, 2010 include the accounts of the
Company and its subsidiary Arvana Networks (including its wholly-owned
subsidiaries Arvana Par and Arvana Comunicações do Brasil S. A. (“Arvana Com”).
The Company has ceased all operations in its subsidiary companies, and has
written-off or disposed of all assets in the subsidiary companies, consequently
they are now all considered to be inactive subsidiaries.

These consolidated financial statements
have been prepared on a going concern basis, which assumes the realization of
assets and settlement of liabilities in the normal course of business. For the three
month period ended March 31, 2010, the Company incurred a loss from operations
of $10,901. At March 31, 2010, the Company had a working capital deficiency of
$1,552,183. These conditions raise substantial doubt about the Company’s
ability to continue as a going concern.

Accordingly, the Company will require
continued financial support from its shareholders and creditors until it is
able to generate sufficient cash flow from operations on a sustained basis. There
is substantial doubt that the Company will be successful at achieving these
results. Failure to obtain the ongoing support of its shareholders and
creditors may make the going concern basis of accounting inappropriate, in
which case the Company’s assets and liabilities would need to be recognized at
their liquidation values. These financial statements do not include any
adjustments relating to the recoverability and classification of recorded asset
amounts and classification of liabilities that might arise from this
uncertainty.

2.
Summary of Significant Accounting Policies

a)
Basis of presentation

The
Company is in the process of evaluating business opportunities and has entered a
new development stage as of January 1, 2010 and presents its financial
statements in accordance with Statement of Financial Accounting Standard
(“SFAS”) No. 7, “Accounting and Reporting by Development Stage Enterprises”.
The Company’s fiscal year end is December 31. The accompanying consolidated interim
financial statements of Arvana Inc. for the three month periods ended March 31,
2010 and 2009, and for the cumulative amounts from the beginning of the
development stage on January 1, 2010, through March 31, 2010, have been
prepared in accordance with accounting principles generally accepted in the
United States (“US GAAP”) for financial information with the instructions to
Form 10-Q and Regulation S-X. Although they are unaudited, in the opinion of
management, they include all adjustments, consisting only of normal recurring items,
necessary for a fair presentation. Results are not necessarily indicative of
results which may be achieved in the future. The consolidated interim financial
statements and notes appearing in this report should be read in conjunction
with the Company’s consolidated audited financial statements and related notes
thereto, together with Management’s Discussion and Analysis of Financial
Condition and Results of Operations, contained in the Company’s Annual Report
on Form 10-K for the fiscal year ended December 31, 2009, as filed with the
Securities and Exchange Commission (the “SEC”) on April 12, 2010 (file no.
000-30695).

8

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|ARVANA INC. AND SUBSIDIARIES                        
|----------------------------------------------------
|(A development stage company)                       
|NOTES TO CONSOLIDATED FINANCIAL
  STATEMENTS        
|For the Three Months Ended March 31,
  2010 and 2009
|(expressed in US dollars)                           
|(Unaudited)                                         

2.
Summary of Significant Accounting Policies con’t

b) **Recent
accounting pronouncements**

Accounting Standards Update (“ASU”) 2010-06In
January 2010, the FASB issued ASU 2010-06, Fair Value Measurements and
Disclosures (Topic 820), Improving Disclosures about Fair Value Measurements,
amending ASC 820. ASU 2010-06 requires entities to provide new disclosures and
clarify existing disclosures relating to fair value measurements.  The new
disclosures and clarifications of existing disclosures are effective for
interim and annual reporting periods beginning after December 15, 2009, except
for the disclosures about purchases, sales, issuances, and settlements in Level
3 fair value measurements, which are effective for fiscal years beginning after
December 15, 2010 and for interim periods within those fiscal years. The
Company is currently evaluating the impact of ASU 2010-06, but does not expect
its adoption to have a material impact on the Company’s financial position or
results of operations.

Accounting Standards Update (“ASU”) 2009-13In
October 2009, the FASB issued ASU 2009-13, Revenue Recognition (Topic
605), Multiple-Deliverable Revenue Arrangements amending ASC 605. ASU 2009-13
requires entities to allocate revenue in an arrangement using estimated selling
prices of the delivered goods and services based on a selling price hierarchy.
ASU 2009-13 eliminates the residual method of revenue allocation and requires
revenue to be allocated using the relative selling price method. ASU 2009-13 is
effective prospectively for revenue arrangements entered into or materially
modified in fiscal years beginning on or after June 15, 2010. The Company
is currently evaluating the impact of ASU 2009-13, but does not expect its
adoption to have a material impact on the Company’s financial position or
results of operations.

3.
Property and Equipment

|At
  March 31, 2010: |   |       |  |   |              |  |   |            | 
|-------------------- | - | ----- |  | - | ------------ |  | - | ---------- | 
|                     |   |       |  |   |              |  |   |            | 
|                     |   |       |  |   | Accumulated  |  |   | Net        | 
|                     |   | Cost  |  |   | Amortization |  |   | Book Value | 
|                     |   |       |  |   |              |  |   |            | 
|Equipment            | $ | 1,502 |  | $ | 1,474        |  | $ | 28         | 

|At
  December 31, 2009 |   |       |  |   |              |  |   |            | 
|---------------------- | - | ----- |  | - | ------------ |  | - | ---------- | 
|                       |   |       |  |   |              |  |   |            | 
|                       |   |       |  |   | Accumulated  |  |   | Net        | 
|                       |   | Cost  |  |   | Amortization |  |   | Book Value | 
|                       |   |       |  |   |              |  |   |            | 
|Equipment              | $ | 1,502 |  | $ | 1,399        |  | $ | 103        | 

4.
Related Parties and Loans Payable

On February 20, 2007, the Company
received an unsecured, 6% interest per annum loan from a shareholder of the
Company in the amount of 150,000 Euros ($202,890 USD). Repayment of the loan is
due on closing of any future financing arrangement by the Company. Accrued
interest of $39,474 has been recorded in accounts payable and accrued
liabilities for the quarter ended March 31, 2010.

On June 1, 2007, the Company received an
unsecured, 6% interest per annum loan from a shareholder of the Company in the
amount of $35,000 CAD ($34,454 USD). Repayment of the loan is due on closing of
any future financing arrangement by the Company. Accrued interest of $5,181 has
been recorded in accounts payable and accrued liabilities for the quarter ended
March 31, 2010.

On November 6, 2007, the Company
received an unsecured, 6% interest per annum loan from a shareholder of the Company
in the amount of 75,000 Euros ($101,445 USD). Repayment of the loan is due on
closing of any future financing arrangement by the Company. Accrued interest of
$15,465 has been recorded in accounts payable and accrued liabilities for the quarter
ended March 31, 2010.

9

---



|ARVANA INC. AND SUBSIDIARIES                        
|----------------------------------------------------
|(A development stage company)                       
|NOTES TO CONSOLIDATED FINANCIAL
  STATEMENTS        
|For the Three Months Ended March 31,
  2010 and 2009
|(expressed in US dollars)                           
|(Unaudited)                                         

4.
Related Parties and Loans Payable con’t

On March 26, 2008, the Company received
an unsecured, 6% interest per annum loan from a shareholder of the Company in
the amount of $50,000 USD. Repayment of the loan is due on closing of any
future financing arrangement by the Company. Accrued interest of $6,048 has
been recorded in accounts payable and accrued liabilities for the quarter ended
March 31, 2010.

On March 26, 2008, the Company received
an unsecured, 6% interest per annum loan from a shareholder of the Company in
the amount of $5,000 USD. Repayment of the loan is due on closing of any future
financing arrangement by the Company. Accrued interest of $605 has been
recorded in accounts payable and accrued liabilities for the quarter ended March
31, 2010.

On
March 31, 2008, the Company received an unsecured, 6% interest per annum loan
from a shareholder of the Company in the amount of $50,000 USD. Repayment of
the loan is due on closing of any future financing arrangement by the Company.
Accrued interest of $6,008 has been recorded in accounts payable and accrued
liabilities for the quarter ended March 31, 2010.

On
April 7, 2008, the Company received an unsecured, 6% interest per annum loan
from a shareholder of the Company in the amount of $50,000 USD. Repayment of
the loan is due on closing of any future financing arrangement by the Company.
Accrued interest of $5,950 has been recorded in accounts payable and accrued
liabilities for the quarter ended March 31, 2010.

On
April 9, 2008, the Company received an unsecured, 6% interest per annum loan
from a shareholder of the Company in the amount of $45,000 USD. Repayment of
the loan is due on closing of any future financing arrangement by the Company.
Accrued interest of $5,340 has been recorded in accounts payable and accrued
liabilities for the quarter ended March 31, 2010.

On June 26, 2008, the Company received
an unsecured, 6% interest per annum loan from a shareholder of the Company in
the amount of $3,000 CAD ($2,953 USD). Repayment of the loan is due on closing
of any future financing arrangement by the Company. Accrued interest of $279
has been recorded in accounts payable and accrued liabilities for the quarter
ended March 31, 2010.

On July 4, 2008, the Company received an
unsecured, 6% interest per annum loan from a shareholder of the Company in the
amount of $10,000 USD. Repayment of the loan is due on closing of any future
financing arrangement by the Company. Accrued interest of $1,044 has been
recorded in accounts payable and accrued liabilities for the quarter ended March
31, 2010.

On July 10, 2008, the Company received
an unsecured, 6% interest per annum loan from a shareholder of the Company in
the amount of $2,500 USD. Repayment of the loan is due on closing of any future
financing arrangement by the Company. Accrued interest of $258 has been
recorded in accounts payable and accrued liabilities for the quarter ended March
31, 2010.

On August 12, 2008, the Company received
an unsecured, non-interest bearing loan from an unrelated party in the amount
of $6,300 CAD. The Company repaid $2,000 CAD of this loan on October 16, 2008
and paid the remaining balance of $4,300 CAD on May 21, 2009.

On September 12, 2008, the Company
received an unsecured, 6% interest per annum loan from a shareholder of the
Company in the amount of $5,000 CAD ($4,922 USD). Repayment of the loan is due
on closing of any future financing arrangement by the Company. Accrued interest
of $413 has been recorded in accounts payable and accrued liabilities for the quarter
ended March 31, 2010.

On October 16, 2008, the Company
received an unsecured, 6% interest per annum loan from a shareholder of the
Company in the amount of $2,000 CAD ($1,969 USD). Repayment of the loan is due
on closing of any future financing arrangement by the Company. Accrued interest
of $158 has been recorded in accounts payable and accrued liabilities for the quarter
ended March 31, 2010.

On October 21, 2008, the Company
received an unsecured, 6% interest per annum loan from a shareholder of the
Company in the amount of $5,000 USD. Repayment of the loan is due on closing of
any future financing arrangement by the Company. Accrued interest of $434 has
been recorded in accounts payable and accrued liabilities for the quarter ended
March 31, 2010.

On November 13, 2008, the Company
received an unsecured, 6% interest per annum loan from a shareholder of the
Company in the amount of $3,500 USD. Repayment of the loan is due on closing of
any future financing arrangement by the Company. Accrued interest of $292 has
been recorded in accounts payable and accrued liabilities for the quarter ended
March 31, 2010.

10

---



|ARVANA INC. AND SUBSIDIARIES                        
|----------------------------------------------------
|(A development stage company)                       
|NOTES TO CONSOLIDATED FINANCIAL
  STATEMENTS        
|For the Three Months Ended March 31,
  2010 and 2009
|(expressed in US dollars)                           
|(Unaudited)                                         

4.
Related Parties and Loans Payable con’t

On April 24, 2009, the Company received
an unsecured, 6% interest per annum loan from a shareholder of the Company in
the amount of $25,000 USD. Repayment of the loan is due on closing of any
future financing arrangement by the Company. Accrued interest of $1,400 has
been recorded in accounts payable and accrued liabilities for the quarter ended
March 31, 2010.

On May 8, 2009, the Company received an
unsecured, 6% interest per annum loan from a shareholder of the Company in the
amount of $40,000 USD. Repayment of the loan is due on closing of any future
financing arrangement by the Company. Accrued interest of $2,148 has been
recorded in accounts payable and accrued liabilities for the quarter ended March
31, 2010.

On May 20, 2009, the Company received an
unsecured, 6% interest per annum loan from a shareholder of the Company in the
amount of $60,000 USD. Repayment of the loan is due on closing of any future
financing arrangement by the Company. Accrued interest of $3,106 has been
recorded in accounts payable and accrued liabilities for the quarter ended March
31, 2010.

On
November 17, 2009, the Company received an unsecured, 6% interest per annum
loan from a shareholder of the Company in the amount of $1,800 USD. Repayment
of the loan is due on closing of any future financing arrangement by the
Company. Accrued interest of $40 has been recorded in accounts payable and
accrued liabilities for the quarter ended March 31, 2010.

On
January 15, 2010, the Company received an unsecured, 6% interest per annum loan
from a shareholder of the Company in the amount of $2,300 CAD ($2,264 USD).
Repayment of the loan is due on closing of any future financing arrangement by
the Company. Accrued interest of $29 has been recorded in accounts payable and
accrued liabilities for the quarter ended March 31, 2010.

On
March 30, 2010, the Company received an unsecured, 6% interest per annum loan
from an unrelated party in the amount of $12,500 USD. Repayment of the loan is
due on closing of any future financing arrangement by the Company. Accrued
interest of $4 has been recorded in accounts payable and accrued liabilities for
the quarter ended March 31, 2010.

At March 31, 2010, the Company had
amounts due to related parties in the amount of $224,417 (December 31, 2009 - $207,661).
This amount includes $136,100 (December 31, 2009 - $136,100) payable to three
directors for services rendered during 2007. This amount is to be paid part in
cash and part in stock at a future date with the number of common shares
determined by the fair value of the shares on the settlement date. The amounts
owing bear no interest, are unsecured, and have no fixed terms of repayment.

For
the three month period ended March 31, 2010, $14,349 (March 31, 2009 - $7,182)
was incurred in general and administrative expenses by the Company for services
rendered by the current Chief Executive Officer, Chief Financial Officer and
Corporate Secretary of the Company. At March 31, 2010, $27,071 (December 31, 2009
- $11,894) was owed to the current Chief Executive Officer, Chief Financial
Officer and Corporate Secretary of the Company. At March 31, 2010, $19,688 (December
31, 2009 - $19,030) was owed to the former Chief Financial Officer and
Corporate Secretary and $27,563 (December 31, 2009 - $26,642) was owed to the
former President / Chief Executive Officer. The Corporate Secretary of Arvana
Networks Inc. was owed $13,995 at March 31, 2010 (December 31, 2009 - $13,995).
The amounts owing bear no interest, are unsecured, and have no fixed terms of
repayment.

5.
Share Capital

(a) During the year ended December 31,
2008, 3,541,700 shares were returned to the Company to be cancelled as part of
the Brulex Settlement Agreement entered into on December 7, 2007. These shares
had not yet been cancelled at March 31, 2010 and have been recorded as treasury
stock at a value of $283,336 until they are cancelled.

(b) The Company accounts for all
stock-based payments to employees and non-employees under ASC 718 “Stock
Compensation,” using the fair value based method. Under the fair value method,
stock-based payments are measured at the fair value of the consideration
received, or the fair value of the equity instruments issued, or liabilities
incurred, whichever is more reliably measurable. The cost of stock-based
payments to non-employees that are fully vested and non-forfeitable at the
grant date is measured and recognized at that date.

11

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|ARVANA INC. AND SUBSIDIARIES                        
|----------------------------------------------------
|(A development stage company)                       
|NOTES TO CONSOLIDATED FINANCIAL STATEMENTS          
|For the Three Months Ended March 31,
  2010 and 2009
|(expressed in US dollars)                           
|(Unaudited)                                         

5.
Share Capital con’t

(c) The Company has a stock option plan
in place under which it is authorized to grant options to executive officers
and directors, employees and consultants enabling them to acquire up to 10% of
the issued and outstanding common stock of the Company. Under the plan, the
exercise price of each option equals the market price of the Company's stock as
calculated on the date of grant. The options can be granted for a maximum term
of 10 years. On June 5, 2006, the Company granted 1,600,000 stock options to
its directors and employees. Each option was exercisable into one common share
until December 31, 2009 at an exercise price of $1.25. These options expired on
December 31, 2009. The options were valued at $1,424,000 using the
Black-Scholes model, and have been expensed over the vesting period of the
options. The weighted average fair value of options granted during 2006 was
$0.89.

Stock
option transactions and the number of share options outstanding are summarized
as follows:

|                             |  |            |  |   |          | 
|---------------------------- |  | ---------- |  | - | -------- | 
|                             |  |            |  |   | Weighted | 
|                             |  |            |  |   | Average  | 
|                             |  | Number     |  |   | Exercise | 
|                             |  | of Options |  |   | Price    | 
|                             |  |            |  |   |          | 
|Balance,
  December 31, 2009 |  | -          |  |   | -        | 
|Options granted              |  | -          |  |   | -        | 
|Options expired              |  | -          |  |   | -        | 
|Options exercised            |  | -          |  |   | -        | 
|Balance,
  March 31, 2010    |  | -          |  | $ | -        | 
|                             |  |            |  |   |          | 

6. Segmented Information

The
Company has no reportable segments. All of the Company’s equipment at March 31,
2010, and December 31, 2009, was located in North America.

7.
Subsequent Events

Subsequent to March 31, 2010, the
Company has received loans totaling $12,500. These loans are unsecured, payable
on demand and bear interest at the rate of 6% per annum.

12

---



Item
2.              
Management's Discussion and Analysis of Financial Condition and Results of
Operations.

In this Quarterly Report:

|(i)  | references to “we”, “us”, “our”, or
  the “Company” refer to Arvana Inc. and our wholly-owned subsidiaries, namely:
|---- | -------------------------------------------------------------------------------------------------------------------
|     |                                                                                                                    
|     | •                                                                                                                  
|     |                                                                                                                    
|(ii) | all dollar amounts are expressed in United States dollars, unless otherwise indicated.                             

You should read the following discussion
and analysis of our financial condition, results of operations and plan of
operations together with the interim consolidated financial statements and notes
to the interim consolidated financial statements included in this Quarterly
Report, as well as our most recent annual report Form 10-K for the year ended
December 31, 2009 and current reports on Form 8-K.

Forward-Looking Statements

The information in this Quarterly Report
on Form 10-Q contains forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. These forward-looking
statements involve risks and uncertainties, including statements regarding our
capital needs, business plans and expectations. Such forward-looking statements
involve risks and uncertainties regarding our planned business, availability of
funds, government regulations, common share prices, operating costs, capital
costs, our ability to deploy our planned business and generate revenues and
other factors. Any statements contained herein that are not statements of
historical facts may be deemed to be forward-looking statements. In some cases,
you can identify forward-looking statements by terminology such as
"may", "will", "should", "expect",
"plan", "intend", "anticipate",
"believe", "estimate", "predict",
"potential" or "continue", the negative of such terms or
other comparable terminology. These statements are based on certain assumptions
and analyses made by our management in light of its experience and its
perception of historical trends, current conditions and expected future
developments as well as other factors they believe are appropriate in the
circumstances. Actual events or results may differ materially. In evaluating
these statements, you should consider various factors, including the risks
outlined below, and, from time to time, in other reports we file with the SEC.
These factors may cause our actual results to differ materially from any
forward-looking statement. We disclaim any obligation to publicly update these
statements, or disclose any difference between its actual results and those
reflected in these statements. Given these uncertainties, readers are cautioned
not to place undue reliance on such forward-looking statements.

Overview

We are currently in the process of
evaluating business opportunities and have entered a new development stage as
of January 1, 2010. There can be no guarantee that we will be successful in
identifying suitable business opportunities, or if we are able to identify
suitable business opportunities, that we will be able to find an adequate
source of financing to acquire any business or business assets, and commence
operations, or that those operations, if commenced, will be successful in
generating profits.

Our Plan of
Operations

Our present plan of operations for the
next twelve months is to identify and evaluate industries and business
opportunities in order to find a suitable business to enter into.

We will not be able to pursue any new
business opportunities without additional financing. Our board of directors and
management are actively pursuing obtaining financing in order to maintain
operations while we evaluate potential businesses. Since March 31, 2010 we have
obtained loans totaling $12,500 to provide operating capital. We estimate that
this provides sufficient cash to operate through June 30, 2010.

In order to maintain operations while we
evaluate new businesses we anticipate that we will need additional funding of
approximately $200,000 during 2010. We had cash in the amount of $13,055 and a
working capital deficit of $1,552,183 as at March 31, 2010. If we are
successful in identifying a new business opportunity we will require funding in
order to pursue that opportunity. The amount of funding required will depend on
the opportunity and is not determinable at this time.

Other than small advances from
shareholders, we believe that debt financing will not be an alternative for
funding additional phases of our business development as we do not have
tangible assets to secure any debt financing. We anticipate that additional
funding will be in the form of equity financing from the sale of our common
stock. However, we do not have any financing arranged and we cannot provide
investors with any assurance that we will be able to obtain sufficient funding
from the sale of our common stock to fund our plan of operations. In addition,
in order to obtain equity financing it may be necessary for us to consider a
capital restructuring, which may or may not include a common stock reverse
split. The board is currently considering all avenues available to obtain
financing.

13

---



Accordingly, we will require continued
financial support from our shareholders and creditors until we are able to
generate sufficient cash flow from operations on a sustained basis. There is
substantial doubt that we will be successful at achieving these results.

Critical Accounting Policies

Critical accounting policies are those
that management believes are both most important to the portrayal of the
Company’s financial condition and results of operations and that require
difficult, subjective, or complex judgments, often as a result of the need to
make estimates about the effects of matters that involve uncertainty.

We believe that the “critical”
accounting policies that we use in the preparation of our financial statements
are as follows:

a) Estimates

The preparation of consolidated
financial statements in conformity with US GAAP 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 reported amounts of revenues and expenses
during the reporting period. Actual results could differ from those estimates.

b) Foreign currency translation
and transactions

Our functional currency is the United States dollar.

The Company uses the temporal method
when translating the Brazilian subsidiary operations. Long-term assets and
liabilities denominated in a foreign currency are translated into US dollars at
the exchange rate in effect on the transaction date. Revenue and expenses are
translated at the average rates of exchange prevailing during the periods.

Transactions conducted in foreign
currencies are recorded using the exchange rate in effect on the transaction
date. At the period end, monetary assets and liabilities are translated to the
functional currency of each entity using the exchange rate in effect at the
period end date. Transaction gains and losses are recorded in foreign exchange
gain or loss.

c) Impairment of
long-lived assets and long-lived assets to be disposed of:

Long-lived assets are reviewed for
impairment whenever events or changes in circumstances indicate that the
carrying amount of an asset may not be recoverable. Recoverability of assets to
be held and used is measured by a comparison of the carrying amount of an asset
to future net cash flows expected to be generated by the asset. If such assets
are considered to be impaired, the impairment to be recognized is measured by
the amount by which the carrying amount of the assets exceeds the fair value of
the assets. Assets to be disposed of are reported at the lower of the carrying
amount and the fair value less costs to sell. We have reviewed our long-lived
assets and have determined that no impairment charges were necessary for the
period ended March 31, 2010.

d) Stock-based compensation

The Company accounts for all stock-based
payments to employees and non-employees under SFAS No.123R, “Accounting for
Stock-Based Compensation,” using the fair value based method. Under the fair
value method, stock-based payments are measured at the fair value of the
consideration received, or the fair value of the equity instruments issued, or
liabilities incurred, whichever is more reliably measurable. The cost of
stock-based payments to non-employees that are fully vested and non-forfeitable
at the grant date is measured and recognized at that date. We granted stock
options in June 2006 and have recorded an expense of $1,424,000 in stock-based
compensation expense over the vesting period of the options.

14

---



Presentation of Financial Information

Our financial statements for the quarter
ended March 31, 2010 include the accounts of:

- Arvana
     Networks;
- Arvana Par;
     and
- Arvana Com.

Results of Operations

Our operations for the three months
ended March 31, 2010 and 2009 are summarized below.

|                                         | Three months ended March 31, 2010 | Three months ended March 31, 2009
|---------------------------------------- | --------------------------------- | ---------------------------------
|Operating
  Expenses:                    |                                   |                                  
|General and Administration               | $35,348                           | $28,002                          
|Depreciation                             | $75                               | $75                              
|Foreign exchange gain                    | ($24,522)                         | ($31,318)                        
|Comprehensive (Gain) Loss for the Period | $10,901                           | ($3,241)                         

Administration Expenses

Administrative expenses are comprised of
costs associated with management compensation, office overhead including rent,
legal fees, and consulting services. The increase in our administrative
expenses for the three months ended March 31, 2010 compared to March 31, 2009
is due to period to period fluctuations in general and administrative expenses.

Net Loss for the Period

We incurred a net loss of $10,901 for
the three months ended March 31, 2010 compared with a net gain of $3,241 in the
three months ended March 31, 2009. Our net losses fluctuate significantly due
to unrealized foreign exchange gains and losses incurred due to the level of
our liabilities payable in foreign currencies. Future quarterly expenses are
expected to be comparable to the current quarter until
such time as a new business is entered into, net losses if any due to any new
business cannot be estimated at this time.

Liquidity and Capital Resources

As at March 31, 2010, we had cash of $13,055
and a working capital deficit of $1,552,183. This compares to cash of $534 and
working capital deficit of $1,541,357 as at December 31, 2009.

Cash Used in Operating Activities

We used cash in operations in the amount
of $2,243 during the three months ended March 31, 2010, as compared to $32
during the three months ended March 31, 2009. Cash used in operations during
the three months ended March 31, 2010 was attributable primarily to payments
for administration expenses.

Cash Used in Investing Activities

We did not use cash in investing
activities during the three months ended March 31, 2010 or the three months
ended March 31, 2009.

Cash Flows from Financing
Activities

The Company obtained cash in the amount
of $14,764 from unsecured loans bearing 6% interest per annum during the three
months ended March 31, 2010. In the three months ended March 31, 2009 the
Company did not obtain cash from financing activities.

15

---



Going Concern

For the three months ended March 31, 2010,
the Company incurred a loss from operations of $10,901. At March 31, 2010, the
Company had a working capital deficiency of $1,552,183. These conditions raise
substantial doubt about the Company’s ability to continue as a going concern.
We have not attained profitable operations and are dependent upon obtaining
financing to pursue our plan of operations. Our auditors stated in their report
on our December 31, 2009 audited financial statements that they have
substantial doubt we will be able to continue as a going concern.

Future Financings

We anticipate continuing to rely on
equity sales of our shares of common stock in order to continue to fund our
business operations. There is no assurance that we will achieve any additional
sales of our equity securities or arrange for debt or other financing to fund
our plan of operations.

Off-Balance Sheet Arrangements

We have no off-balance sheet
arrangements that have or are reasonably likely to have a current or future
effect on our financial condition, changes in financial condition, revenues or
expenses, results of operations, liquidity, capital expenditures or capital
resources that are material to stockholders.

16

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Item
4.              
Controls and Procedures

Disclosure Controls and Procedures

We carried out an evaluation of the
effectiveness of our disclosure controls and procedures (as defined in Exchange
Act Rules 13a-15(e) and 15d-15(e)) as of March 31, 2010 (the “Evaluation
Date”). This evaluation was carried out under the supervision and with the
participation of our Chief Executive Officer and Chief Financial Officer. Based
upon that evaluation, our Chief Executive Officer and Chief Financial Officer
concluded that our disclosure controls and procedures were not effective as of
the Evaluation Date as a result of the material weaknesses in internal control
over financial reporting discussed below.

Disclosure controls and procedures are
those controls and procedures that are designed to ensure that information
required to be disclosed in our reports filed or submitted under the Exchange
Act are recorded, processed, summarized and reported within the time periods
specified in the SEC's rules and forms. Disclosure controls and procedures
include, without limitation, controls and procedures designed to ensure that
information required to be disclosed in our reports filed under the Exchange
Act is accumulated and communicated to management, including our Chief
Executive Officer and Chief Financial Officer, to allow timely decisions
regarding required disclosure.

Notwithstanding the assessment that our
internal control over financial reporting was not effective and that there were
material weaknesses as identified in this report, we believe that our financial
statements contained in our Quarterly Report on Form 10-Q for the period ended
March 31, 2010 fairly present our financial condition, results of operations
and cash flows in all material respects.

Management's Annual Report on Internal
Control over Financial Reporting

Our management is responsible for
establishing and maintaining adequate internal control over financial
reporting, as such term is defined in Rules 13a-15(f) and 15d-15(f) under the
Exchange Act, for the Company.

Internal control over financial
reporting includes those policies and procedures that: (1) pertain to the
maintenance of records that, in reasonable detail, accurately and fairly
reflect the transactions and dispositions of our assets; (2) provide reasonable
assurance that transactions are recorded as necessary to permit preparation of
financial statements in accordance with generally accepted accounting
principles, and that our receipts and expenditures are being made only in
accordance with authorizations of its management and directors; and (3) provide
reasonable assurance regarding prevention or timely detection of unauthorized
acquisition, use or disposition of our assets that could have a material effect
on the financial statements.

Management recognizes that there are
inherent limitations in the effectiveness of any system of internal control,
and accordingly, even effective internal control can provide only reasonable
assurance with respect to financial statement preparation and may not prevent
or detect material misstatements. In addition, effective internal control at a
point in time may become ineffective in future periods because of changes in
conditions or due to deterioration in the degree of compliance with our
established policies and procedures.

A material weakness is a significant
deficiency, or combination of significant deficiencies, that results in there
being a more than remote likelihood that a material misstatement of the annual
or interim financial statements will not be prevented or detected.

Under the supervision and with the
participation of our Chief Executive Officer and Chief Financial Officer,
management conducted an evaluation of the effectiveness of our internal control
over financial reporting, as of the Evaluation Date, based on the framework set
forth in Internal Control-Integrated Framework issued by the Committee of
Sponsoring Organizations of the Treadway Commission (COSO). Based on its
evaluation under this framework, management concluded that our internal control
over financial reporting was not effective as of the Evaluation Date.

Management assessed the effectiveness of
the Company’s internal control over financial reporting as of Evaluation Date
and identified the following material weaknesses:

Inadequate Segregation of Duties: We have an
inadequate number of personnel to properly implement control procedures.

Management is committed to improving its
internal controls and will (1) continue to use third party specialists to
address shortfalls in staffing and to assist the Company with accounting and
finance responsibilities, (2) increase the frequency of independent
reconciliations of significant accounts which will mitigate the lack of
segregation of duties until there are sufficient personnel.

Management, including our Chief
Executive Officer and Chief Financial Officer, has discussed the material
weakness noted above with our independent registered public accounting firm.
Due to the nature of this material weakness, there is a more than remote
likelihood that misstatements which could be material to the annual or interim
financial statements could occur that would not be prevented or detected.

17

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Changes in internal control over
financial reporting

As of the Evaluation Date, there were no
changes in our internal control over financial reporting that occurred during
the period ended March 31, 2010 that have materially affected, or that are
reasonably likely to materially affect, our internal control over financial
reporting.

Limitations on the effectiveness of
controls and procedures

Our management, including our Chief
Executive Officer and Chief Financial Officer, do not expect that the our
controls and procedures will prevent all potential errors or fraud. A control
system, no matter how well conceived and operated, can provide only reasonable,
not absolute, assurance that the objectives of the control system are met.

18

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PART II

Item
1.              
Legal Proceedings.

We currently are not a party to any
material legal proceedings and to our knowledge, no such proceedings are
threatened or contemplated.

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

We did not complete any sales of
securities without registration under the Securities Act of 1933 during our
first quarter ended March 31, 2010.

Item
3.              
Defaults Upon Senior Securities

None.

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

No matters were submitted to a vote of
our security holders during the three month period ended March 31, 2010.

Item
5.              
Other Information

None.

Item
6.              
Exhibits

The
following exhibits are included with this Quarterly Report on Form 10-Q:

|ExhibitNumber | Description of Exhibit                                                                                                                                                                                                                                                     
|------------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|3.1           | Articles of Incorporation(1)                                                                                                                                                                                                                                               
|3.2           | Bylaws, as amended(1)                                                                                                                                                                                                                                                      
|10.1          | Agreement and Plan of Reorganization
      between the Company, Arvana Networks, Inc. and the Shareholders of Arvana
    Networks, Inc. dated August 18, 2005(2)                                                                                                           
|10.2          | Investment Agreement dated October 6,
      2005 between the Company, Arvana Networks, Inc., Arvana Participações S.A.,
    Gloinfo 500 Soluções EM Telemática Ltda. and Paulo Messina (3)                                                                                 
|10.3          | Amendment to Investment Agreement
      signed October 6, 2005 and dated October 4, 2005 between the Company, Arvana
      Networks, Inc., Arvana Participações S.A., Gloinfo 500 Soluções EM Telemática
    Ltda. and Paulo Messina(3)                                    
|10.2          | 2006 Stock Option Plan, dated June 5,
    20065(5)                                                                                                                                                                                                                         
|10.5          | Share Purchase Agreement dated August
      9, 2006 among Brulex-Consultadoria Economica E Marketing Ltda, Turinco Inc.
    and Hallotel Deutschland GmbH (6)                                                                                                              
|10.6          | Termination Agreement between Arvana
      Inc., Gloinfo 500 Soluções EM Telemática Ltda., Paulo Santos Messina and Lucia
      Sangiacomo Messina, Arvana Participações S.A., Arvana Comunicações do Brasil
    S. A. and Arvana Networks Inc. dated October 31, 2006. (7)
|10.7          | Regulation D Debt Conversion Agreement
      between Arvana Inc, Arvana Networks Inc, and IPH Horizon LLC, dated March 28,
    2007(8)                                                                                                                                     
|10.8          | Settlement and Share Purchase
      Agreement between Arvana Inc, Hallotel Deutschland GMBH, BCH Beheer B.V., and
    Teyfik Oezcan, dated December 7, 2007. (10)                                                                                                          
|10.9          | Settlement and Share Repurchase
      Agreement between Arvana Inc and Brulex- Consultadoria Economica E Marketing
    Ltda, dated December 7, 2007. (10)                                                                                                                  
|10.10         | Sale and Purchase Agreement of BCH
      Beheer B.V between Arvana Inc and Nazleal S.A dated December 30, 2008.(11)                                                                                                                                                        
|14.1          | Code of Ethics (4)                                                                                                                                                                                                                                                         
|16.1          | Change in Registrant’s Certifying
    Accountant, dated May 8, 2007(9)                                                                                                                                                                                                     
|31.1          | Certification
      of Chief Executive Officer and Chief Financial Officer pursuant to Rule
    13a-14(a) of the Exchange Act (12)                                                                                                                                         
|32.1          | Certification
      of Chief Executive Officer and Chief Financial Officer pursuant to Rule
      13a-14(b) of the Exchange Act and 18 U.S.C. Section 1350, as adopted pursuant
    to Section 906 of the Sarbanes-Oxley Act of 2002 (12)                                  

19

---



|(1)  | Previously
      filed with the SEC as an exhibit to the Company’s registration statement on
    Form 10- SB filed with the SEC on May 24, 2000.
|---- | ------------------------------------------------------------------------------------------------------------------------------------------------
|     |                                                                                                                                                 
|(2)  | Previously
      filed with the SEC as an exhibit to the Company’s Current Report on Form 8-K
    filed with the SEC on August 19, 2005.        
|     |                                                                                                                                                 
|(3)  | Previously
      filed with the SEC as an exhibit to the Company’s Current Report on Form 8-K
    filed with the SEC on December 14, 2005.      
|     |                                                                                                                                                 
|(4)  | Previously
      filed with the SEC as an exhibit to the Company’s Annual Report on Form
    10-KSB filed with the SEC on March 31, 2006.       
|     |                                                                                                                                                 
|(5)  | Previously
      filed with the SEC as an exhibit to the Company’s Quarterly Report on Form
    8-K filed with the SEC on June 7, 2006.         
|     |                                                                                                                                                 
|(6)  | Previously
      filed with the SEC as an exhibit to the Company’s Current Report on Form 8-K
    filed with the SEC on August 15, 2006.        
|     |                                                                                                                                                 
|(7)  | Previously
      filed with the SEC as an exhibit to the Company’s Current Report on Form 8-K
    filed with the SEC on August 15, 2006.        
|     |                                                                                                                                                 
|(8)  | Previously
      filed with the SEC as an exhibit to the Company’s Current Report on Form 8-K
    filed with the SEC on May 4, 2007.            
|     |                                                                                                                                                 
|(9)  | Previously
      filed with the SEC as an exhibit to the Company’s Current Report on Form 8-K
    filed with the SEC on May 8, 2007.            
|     |                                                                                                                                                 
|(10) | Previously
      filed with the SEC as an exhibit to the Company’s Current Report on Form 8-K
    filed with the SEC on December 7, 2007.       
|     |                                                                                                                                                 
|(11) | Previously
      filed with the SEC as an exhibit to the Company’s Annual Report on Form 10-K
      filed with the SEC on May 1, 2009.          
|     |                                                                                                                                                 
|(12) | Filed
  as an exhibit to this Quarterly Report on Form 10-Q.                                                                                    

20

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SIGNATURES

In accordance with the requirements of
the Exchange Act, the registrant caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.

ARVANA INC.

|By:   | /s/
  Wayne Smith                      | 
|----- | -------------------------------------- | 
|      | Wayne
  Smith, Chief Executive Officer | 
|      |                                        | 
|Date: | April
  30, 2010                       | 

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