UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549  FORM 10-KSB

/A Amendment No. 1    (Mark One)þAnnual report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934For the fiscal year ended December 31, 2006oroTransition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934For the transition period from                   toCommission file number 0-31423  FRIENDLY ENERGY CORPORATION (Exact name of Small Business Issuer as specified in its charter) Nevada91-1832462(State of incorporation)(I.R.S. employer identification no.)502 North Division Street, Carson City, NV89703(Address of principal executive offices)(Zip code) 702-953-0411 (Registrants telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act:  Common Stock, par value $.001 per share Securities registered pursuant to Section 12(g) of the Act: None Check whether the issuer is not required to file reports pursuant to Section 13 or 15(d) of the Exchange Act. _____ Indicate by check mark whether the Registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ____    No __X_ Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-B is contained herein, and no disclosure will be contained, to the best of Registrants knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-KSB or any amendment to this Form 10-KSB.____ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ___ No __X_  1    The issuer's revenue for the fiscal year ended December 31, 2006 was $0. On December 31 2006 the aggregate market value of the voting and non-voting common equity held by non-affiliates of the issuer was approximately $2,300,000 computed by reference to the price at which the common equity was last transacted on that date. On December 31, 2006, the issuer had 43,593,893 shares of Common Stock, $0.001 par value issued and outstanding. Transitional Small Business Disclosure Format (Check One):YES___NO ü  THIS REPORT ON FORM 10-KSB IS FOR THE YEAR ENDING DECEMBER 31, 2006.  THE REPORT HAS BEEN FILED WITH THE SECURITIES AND EXCHANGE COMMISSION IN APRIL 2008. TO THE EXTENT PRACTICABLE, THE DISCLOSURE CONTAINED HEREIN HAS BEEN PREPARED TO SPEAK AS OF DECEMBER 31, 2006. FRIENDLY ENERGY CORPORATION HAS INCLUDED A SECTION BELOW ENTITLED "SUBSEQUENT EVENTS" WHICH DISCUSSES CERTAIN MATERIAL EVENTS WHICH OCCURRED SUBSEQUENT TO DECEMBER 31, 2006.   THIS AMENDMENT NO. 1 IS BEING FILED IN DECEMBER 2009.  THE ONLY CHANGE IS TO MODIFY THE AUDITORS OPINION LETTER TO COVER THE SPECIFIC PERIOD OF THE FINANCIAL STATEMENTS.  AN EXHIBIT, Exhibit A: Consent of Independent Registered Public Accounting Firm, IS PROVIDED AT THE END OF THIS REPORT.   ITEM 1.  DESCRIPTION OF BUSINESS.  Our Background . Friendly Energy Corporation was formed under the laws of the State of Nevada on January 7, 1993 under the name Eco-Systems Marketing.  Eco-Systems subsequently changed its name to Rama Financial Corporation. An amendment to the Articles of Incorporation was filed changing the corporate name to Friendly Energy Corporation.  Friendly Energy Corporation was originally incorporated to engage in any lawful act or activity for which corporations may be organized under the General Corporation Law of Nevada. Friendly Energy Corporation, from its inception in 1993 to 2005, was engaged primarily in establishing itself as an electric service provider to California customers.  Friendly Energy Corporation changed its business focus in February 2005 to pursuing oil and gas development opportunities.  Our Business. Friendly Energy Corporation was inactive from 2002 to February 2005, when the company began the process of identifying potential oil and gas prospects for development.  The primary focus is on property in established oil fields to minimize any potential risk.  On July 20, 2006, the Company commenced drilling the North Asher No. 1 Prospect, in which the Company holds a 50% working interest.  On October 3, 2006, the North Asher No. 1 well was completed.  On November 17, 2006, the Company commenced drilling the Peach Tree Prospect, in which it holds a 25% working interest.  On November 27, 2006, the driller declared the Peach Tree well to be non-commercial.  Our Oil and Gas Property.Central Oklahoma has many shallow to intermediate (3000' to 6000') oil wells. The Ordovician Simpson Group sandstones; Viola and Hunton carbonates are among the most prolific among the reservoirs in this area of Oklahoma which includes Pottawatomie, Garvin, McClain, Oklahoma, Cleveland, and Seminole counties. This area is characterized by broad low relief anticlines and domes that are interrupted by occasional vertical faults. Hydrocarbon traps are predominantly structural in nature for pre-Pennsylvanian objectives.  Friendly Energy Corporation owns a lease and is planning to drill a 5,400 foot deep well in central Oklahoma through its wholly owned subsidiary, Friendly Energy Services, Inc. (FES).  If the geophysicist and operator each purchase a 10% working interest, as expected, then FES will own an 80% working interest in the well.  The location is on the West Peach Creek Prospect, a development/exploratory prospect, located on the western edge of the giant St. Louis Oil Field.  The St. Louis Field has produced over 300 million barrels of oil and 26 billion cubic-feet of gas.  The prospect is in an old, established field.  Based on an analysis of over 2,000 miles of seismic tests in the area, our geophysicist has found an undrilled and untested attic or structural trap.  There are four reservoirs at different depths which have produced in the area.  Our geophysicist believes this prospect is low risk and estimates reserves of 300,000 BOPW.  ITEM 1A. RISK FACTORS  In evaluating the Company, careful consideration should be given to the following risk factors, in addition to the other information included or incorporated by reference in this annual report. In addition, the "Forward-Looking Statements" located in this Form  2    10-KSB describe additional uncertainties associated with our business and the forward-looking statements included or incorporated by reference. Each of these risk factors could adversely affect our business, operating results and financial condition, as well as adversely affect the value of an investment in our common stock.  Accumulated Losses  To date the Company's operations have not generated operating cash flows to provide working capital for the Company's ongoing overhead, the funding of its lease acquisitions and the exploration and development of these properties. Without adequate financing, the Company may not be able to successfully develop any prospects that it acquires or achieve profitability from its operations in the near future or at all.  During the year ended December 31, 2006, Friendly incurred a net loss of $824,586 and as of December 31, 2006 has an accumulated deficit of $3,717,418.  We cannot predict the future price of oil and natural gas.  Our revenues, profitability and liquidity are substantially dependent upon prevailing prices for oil and natural gas, which can be extremely volatile and in recent years have been depressed by excess total domestic and imported supplies.  Prices also are affected by actions of state and local agencies, the United States and foreign governments, and international cartels. In addition, sales of oil and natural gas are seasonal in nature, leading to substantial differences in cash flow at various times throughout the year. These external factors and the volatile nature of the energy markets make it difficult to estimate future prices of oil and natural gas.  Any substantial or extended decline in the price of oil and/or natural gas would have a material adverse effect on our financial condition and results of operations, including reduced cash flow and borrowing capacity. All of these factors are beyond our control.  We could be adversely impacted by changes in the oil and gas market.  The marketability of any future oil and gas production depends in part upon the availability, proximity and capacity of gas gathering systems, pipelines and processing facilities. Federal and state regulation of oil and gas production and transportation, general economic conditions, changes in supply and changes in demand all could adversely affect our ability to produce and market its oil and natural gas. If market factors were to change dramatically, the financial impact could be substantial because we would incur expenses without receiving revenues from the sale of production. The availability of markets is beyond our control.  New government regulation and environmental risks could increase our costs.  The production and sale of oil and gas are subject to a variety of federal, state and local government regulations. These include:  · the prevention of waste · the discharge of materials into the environment · the conservation of oil and natural gas, pollution, permits for drilling operations, drilling bonds, reports concerning operations · the spacing of wells · the unitization and pooling of properties  Many jurisdictions have at various times imposed limitations on the production of oil and gas by restricting the rate of flow for oil and gas wells below their actual capacity to produce. Because current regulations covering our operations are subject to change at any time, and despite our belief that we are in substantial compliance with applicable environmental and other government laws and regulations, we may incur significant costs for compliance in the future.  Our prices may be impacted adversely by new taxes.  The federal, state and local governments in which we operate impose taxes on the oil and gas products we sell. In the past, there has been a significant amount of discussion by legislators and presidential administrations concerning a variety of energy tax proposals. In addition, many states have raised state taxes on energy sources and additional increases may occur. We cannot predict whether any of these measures would have an adverse impact on oil and natural gas prices.  Exploration and Production Risks  3     The business of exploring for and producing oil and gas involves a substantial risk of investment loss that even a combination of experience, knowledge and careful evaluation may not be able to overcome. Drilling oil and gas wells involves the risk that the wells will be unproductive or that, although productive, the wells do not produce oil and/or gas in economic quantities. Other hazards, such as unusual or unexpected geological formations, pressures, fires, blowouts, loss of circulation of drilling fluids or other conditions may substantially delay or prevent completion of any well. Adverse weather conditions can also hinder drilling operations.  A productive well may become uneconomic in the event water or other deleterious substances are encountered, which impair or prevent the production of oil and/or gas from the well. In addition, production from any well may be unmarketable if it is impregnated with water or other deleterious substances.  Financing Risks  Friendly has relied in the past primarily on the sale of equity capital, shareholder loans and other similar types of transactions to fund working capital and the acquisition of its prospects and related leases. Failure to generate operating cash flow or to obtain additional financing for the development of the Company's properties could result in substantial dilution of our property interests, or delay or cause indefinite postponement of further exploration and development of its prospects with the possible loss of such properties.  Risks Associated with Management of Growth  Because of its small size, Friendly Energys growth in accordance with its business plans, if achieved, will place a significant strain on its financial, technical, operation and management resources. As Friendly Energy expands its activities and increases the number of projects it is evaluating or in which it participates, there will be additional demands on its financial, technical and management resources. The failure to continue to upgrade our technical, administrative, operating and financial control systems or the occurrence of unexpected expansion difficulties, including the recruitment and retention of experienced managers, geoscientists and engineers, could have a material adverse effect on its business, financial condition and results of operations and its ability to timely execute its business plan.  Conflicts of Interest  Certain of the officers and directors of Friendly Energy will also serve as directors of other companies or have significant shareholdings in other companies. To the extent that such other companies participate in ventures in which Friendly Energy may participate, or compete for prospects or financial resources with Friendly Energy, these officers and directors of Friendly Energy will have a conflict of interest in negotiating and concluding terms relating to the extent of such participation. In the event that such a conflict of interest arises at a meeting of the board of directors, a director who has such a conflict must disclose the nature and extent of his interest to the board of directors and abstain from voting for or against the approval of such participation or such terms.  In accordance with the laws of the State of Nevada, the directors of Friendly Energy are required to act honestly and in good faith with a view to the best interests of Friendly Energy.  In determining whether or not Friendly will participate in a particular program and the interest therein to be acquired by it, the directors will primarily consider the degree of risk to which Friendly may be exposed and its financial position at that time.  ITEM 2.  DESCRIPTION OF PROPERTY.  As of the dates specified in the following table, Friendly Energy Corporation held the following property in the following amounts:  Property December 31, 2006 December 31, 2005 ---------------------------------------------------------------------------------------------------- Cash and equivalents $1,191 $-0- Equipment $3,470 $1,181 LLC Investment $1,000 $-0- Asher #1 Well $103,077 $-0- West Peach Project $36,970 $-0-  4     Friendly Energy Corporation defines cash equivalents as all highly liquid investments with a maturity of 3 months or less when purchased.  Friendly Energy Corporation does not presently own any interests in real estate.  Facilities. Friendly Energy Corporation does not own any real or personal property nor does the Company currently lease any office space.   ITEM 3.  LEGAL PROCEEDINGS.  NONE   ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.   NONE  ITEM 5.  MARKET PRICE FOR THE FRIENDLY ENERGY CORPORATION'S COMMON EQUITY AND RELATED STOCKHOLDER MATTERS.  As at December 31, 2006 there were approximately 644 holders of the outstanding shares of the Friendly Energy Corporation's $0.001 par value common stock.  Friendly Energy Corporation participates in the PinkSheets Electronic Quotation System maintained by the National Association of Securities Dealers, Inc., under the most recent trading symbol "FDEG".  The Friendly Energy Corporation's common stock has closed at:  Quarter High Low 2003 First Quarter $0.002 $0.002 2003 Second Quarter $0.002 $0.002 2003 Third Quarter $0.002 $0.002 2003 Fourth Quarter $0.002 $0.002 2004 First Quarter $0.002 $0.002 2004 Second Quarter $0.010 $0.010 2004 Third Quarter $0.001 $0.001 2004 Fourth Quarter $0.001 $0.001 2005 First Quarter $0.060 $0.042 2005 Second Quarter $0.065 $0.055 2005 Third Quarter $0.078 $0.063 2005 Fourth Quarter $0.051 $0.040 2006 First Quarter $0.188 $0.050 2006 Second Quarter $0.120 $0.055 2006 Third Quarter $0.135 $0.060 2006 Fourth Quarter $0.079 $0.040  Such quotations reflect inter-dealer prices, without retail mark-up, mark-down or commission and may not represent actual transactions.  The public may read and copy any materials filed with the SEC at the SEC's Public Reference Room at 450 Fifth Street NW, Washington, D.C. 20549. The public may also obtain information on the operation of the Public Reference Room by calling the SEC at 1-800-SEC-0330.  The SEC maintains an Internet site that contains reports, proxy and information statements, and other information regarding issuers that file electronically with the SEC.  The address of that site is http://www.sec.gov.  Common Stock . Friendly Energy Corporation is authorized to issue 100,000,000 shares of common stock, $.001 par value, each share of common stock having equal rights and preferences, including voting privileges.  The shares of $.001 par value common stock of Friendly Energy Corporation constitute equity interests in Friendly Energy Corporation entitling each shareholder to a pro rata share of cash distributions made to shareholders, including dividend payments.  As of December 31, 2006, 43,593,893 shares of the Friendly Energy Corporation's common stock were issued and outstanding.  The holders of Friendly Energy Corporation's common stock are entitled to one vote for each share of record on all matters to be voted on by shareholders.  There is no cumulative voting with respect to the election of directors of Friendly Energy Corporation  5    or any other matter, with the result that the holders of more than 50% of the shares voted for the election of those directors can elect all of the Directors.  The holders of Friendly Energy Corporation's common stock have no conversion, preemptive or other subscription rights, and there are no redemption provisions applicable to Friendly Energy Corporation's common stock.  All of the outstanding shares of Friendly Energy Corporation's common stock are duly authorized, validly issued, fully paid and non-assessable.  Dividends . The holders of the Friendly Energy Corporation's common stock are entitled to receive dividends when, as and if declared by Friendly Energy Corporation's Board of Directors from funds legally available therefore; provided, however, that cash dividends are at the sole discretion of Friendly Energy Corporation's Board of Directors. In the event of liquidation, dissolution or winding up of Friendly Energy Corporation, the shareholders of common stock are entitled to share ratably in all assets remaining available for distribution to them after payment of liabilities of Friendly Energy Corporation and after provision has been made for each class of stock, if any, having preference in relation to Friendly Energy Corporation's common stock.  Friendly Energy Corporation has never declared or paid any dividends on its common stock. Friendly Energy Corporation does not intend to declare or pay any dividends in the foreseeable future.  Sales of Securities  2006 Stock Transactions During the year ended December 31, 2006, the Company issued: On July 18, 500,000 restricted common shares were sold to a non-related party for $25,000.  2006 Stock Options  During 2006, 1,000,000 stock options were granted to Douglas Tallant and 500,000 stock options were granted to Donald Trapp.  The terms of these options were set as follows:  Fair market value $0.0625 (recognizing any options exercised would result in restricted shares); 50% vests after 6 months after the date of grant and the remaining 50% vests after one year; all options expire after 10 years.  ITEM 6.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULT OF OPERATIONS.  This following information specifies certain forward-looking statements of management of the company. Forward-looking statements are statements that estimate the happening of future events are not based on historical fact. Forward-looking statements may be identified by the use of forward-looking terminology, such as "may", "shall", "will", "could", "expect", "estimate", "anticipate", "predict", "probable", "possible", "should", "continue", or similar terms, variations of those terms or the negative of those terms. The forward-looking statements specified in the following information have been compiled by our management on the basis of assumptions made by management and considered by management to be reasonable. Our future operating results, however, are impossible to predict and no representation, guaranty, or warranty is to be inferred from those forward-looking statements.  The assumptions used for purposes of the forward-looking statements specified in the following information represent estimates of future events and are subject to uncertainty as to possible changes in economic, legislative, industry, and other circumstances. As a result, the identification and interpretation of data and other information and their use in developing and selecting assumptions from and among reasonable alternatives require the exercise of judgment. To the extent that the assumed events do not occur, the outcome may vary substantially from anticipated or projected results, and, accordingly, no opinion is expressed on the achievability of those forward-looking statements. No assurance can be given that any of the assumptions relating to the forward-looking statements specified in the following information are accurate, and we assume no obligation to update any such forward-looking statements.   Liquidity and Capital Resources.   6    For the year ended December 31, 2006, we had total assets of $145,708, compared to total assets in 2005 of $1,181.  The increase in assets was due to the completion of the Asher #1 oil well and exploration costs for a well prospect.  At December 31, 2006, we had current liabilities of $1,457,662 which was represented by accounts payable, payroll liabilities, judgment payable, deferred salaries, interest payable and loans payable.  At December 31, 2005 we had current liabilities of $592,796. The increase in liabilities was due primarily to judgment payable and deferred salaries.  At December 31, 2006, we had a working capital deficiency of $1,311,954 (2005 - $591,615).  We do not believe that our current cash resources will be able to maintain our current operations for an extended period of time. We will be required to raise additional funds or arrange for additional financing over the next 12 months to adhere to our development schedule.  No assurance can be given, however, that we will have access to additional cash in the future, or that funds will be available on acceptable terms to satisfy our working capital requirements.  If we are not able to arrange for additional funding or if our officers, directors and shareholders stop advancing funds to us, we may be forced to make other arrangements for financing such as loans or entering into strategic alliances.  We have not identified any alternative sources of financing.   Results of Operations  We have not yet realized any revenue from operations to date.  During the year ended December 31, 2006 the loss from operations is $824,586 (2005 - $691,271).  This increase in loss was due primarily to an increase in officer wages, professional fees, and stock based compensation expenses.  From inception to December 31, 2006 Friendly Energy Corporation has incurred cumulative net losses of $3,717,418.  The cash and equivalents constitute our present internal sources of liquidity.  Because we are not generating any significant revenues, our only external source of liquidity is the sale of our capital stock and any advances from officers, directors or shareholders.  Our Plan of Operation for the Next Twelve Months  We anticipate that we will need to raise additional capital within the next 12 months in order to continue as a going concern.  The Company is in the process of raising capital to fund the development of future wells.  To the extent that additional capital is raised through the sale of equity or equity- related securities, the issuance of such securities could result in dilution of stockholders. There can be no assurance that additional funding will be available on favorable terms, if at all. If adequate funds are not available within the next 12 months, we may be required to curtail our operations significantly or to obtain funds through entering into arrangements with collaborative partners or others that may require us to relinquish rights to certain of our assets that we would not otherwise relinquish.   7     ITEM 7.  FINANCIALS  REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM  To:  the Board of Directors and Shareholders Friendly Energy Corporation 502 North Division Street Carson City, Nevada  92684  I have audited the accompanying consolidated balance sheet of Friendly Energy Corporation as of December 31, 2006 and 2005 and the related consolidated statements of operations, stockholders equity, and cash flows for the years

then ended and for the period from February 11, 2005 (inception) through December 31, 2006.  These consolidated financial statements are the responsibility of the Companys management.  My responsibility is to express an opinion on these financial statements based on my audit.  I conducted my audit in accordance with the standards of the Public Company Accounting Oversight Board (United States).  Those standards require that I plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement.  An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements.  An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation.  I believe that my audit provides a reasonable basis for my opinion.  In my opinion, based on my audit, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of Friendly Energy Corporation as of December 31, 2006 and 2005, and the results of its operations and its cash flows for each of the years ended December 31, 2006 and 2005 and for the period from February 11, 2005 (inception) through December 31, 2006, in conformity with United States generally accepted accounting principles.  The accompanying financial statements have been prepared assuming that the Company will continue as a going concern.  As discussed in Note 1 to the financial statements, the Company has suffered recurring losses and has not yet commenced operations.  This raises substantive doubt about the Companys ability to continue as a going concern.  Managements plans in regard to these matters are also described in Note 1.  The financial statements do not include any adjustments that might result from the outcome of this uncertainty.  The Company has determined that it is not required to have, nor was I engaged to perform, an audit of the effectiveness of its documented internal controls over financial reporting.  /s/ John Kinross-Kennedy  John Kinross-Kennedy Certified Public Accountant Irvine, California April 13, 2008 Revised December 2, 2009  [INSERT TABLES AND NOTES]   ITEM 8.  CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANT ON ACCOUNTING AND FINANCIAL DISCLOSURE.  There have been no disagreements with Friendly Energy Corporation's auditors since formation of the company that require disclosure pursuant to Item 304 of Regulation S-B.   ITEM 8A.  CONTROLS AND PROCEDURES   8    Evaluation Of Disclosure Controls And Procedures  Our Chief Executive Officer, and our Chief Financial Officer, have performed an evaluation of the Company's disclosure controls and procedures, as that term is defined in Rule 13a-15(e) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), as of December 31, 2006 and each has concluded that such disclosure controls and procedures are effective to ensure that information required to be disclosed in our periodic reports filed under the Exchange Act is recorded, processed, summarized and reported within the time periods specified by the Securities and Exchange Commission's rules and forms.  Management's 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 Exchange Act Rule 13a-15(f).  The Company's internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles.  Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.  Under the supervision and with the participation of our management, including our Chief Executive Officer and Chief Financial Officer, the Company conducted an assessment of the effectiveness of its internal control over financial reporting as of December 31, 2006.  Based on this assessment, management concluded that our internal control over financial reporting was effective as of December 31, 2006. Management's assessment of the effectiveness of the Company's internal control over the financial reporting period ended December 31, 2006 has been audited by our auditors, an independent registered public accounting firm, as stated in their report included herein.  Changes In Internal Controls  No changes in the Company's internal controls over financial reporting occurred during the period ending December 31, 2006 that have materially affected, or are reasonably likely to materially affect, the Company's internal control over financial reporting.  Code of Ethics  We intend to adopt a code of ethics in 2007 that applies to our principle executive officer, principal financial officer, principle accounting officer or controller, other persons performing similar functions. We intend to post the text of our code of ethics on our website in connection with our "Investor Relations" materials. In addition, we intend to promptly disclose (1) the nature of any amendment to our code of ethics that applies to our principle executive officer principal financial officer, principle accounting officer or controller, other persons performing similar functions (2) the nature of any wavier, including an implicit wavier, from a provision of our code of ethics that is granted to one of these specific officers, the name of such person who is granted the waiver and the date of the waiver on our web site in the future.  We do not currently have a code of ethics as this is a new regulatory requirement and we are examining the various form and contents of other companies written code of ethics, discussing the merits and meaning of a code of ethics to determine the best form for our Company.   ITEM 9.  DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS; COMPLIANCE WITH SECTION 16(a) OF THE EXCHANGE ACT.  1. Officers and Directors of the Company DATE OF APPOINTMENT NAME AGE POSITION TO BOARD OF DIRECTORS ---------------------------------------------------------------------------------------------------------------------------------------- Douglas Tallant     62 President & Director February 6, 2002 Donald Trapp        67 CFO, Secretary, Treasurer February 8, 2005 & Director Tim DeHerrera      48 Vice President April 4, 2005   9    The chart above specifies Friendly Energy Corporation's officers and directors as of December 31, 2006.  All directors of the Company hold office until the next annual meeting or until their successors have been elected and qualified. All officers serve at the discretion of the Board of Directors.  Douglas Tallant, President.  Douglas Tallant was born and raised in Oklahoma.  He has owned several businesses including the largest automobile dealership in Denver and physical therapy clinics in Denver and Oklahoma City.  He has formed and managed several public companies including Entec, the developer of the original breathalyzer.  Mr. Tallant has a Bachelor of Science degree in Mechanical Engineering from the University of Oklahoma.  Donald Trapp, Chief Financial Officer.  He also serves as the corporations Secretary.  He has worked as an engineer and financial analyst.  He was the CFO of Infohighway International, Inc., an Internet service provider. He has bought and sold oil and gas leases, been the operator of two oil wells, and the General Partner of four oil & gas partnerships in New Mexico.  Mr. Trapp has a Master of Science degree in Nuclear Engineering from M.I.T.  Tim DeHerrera Vice President.  Mr. DeHerrera was President of Atlantis Business Development Corporation, a public company regulated under Section 54 of the Investment Company Act of 1940.  Prior to joining Atlantis he was in the financial services sector for over fifteen years most recently as president and founder of Alternative Finance Advisors, Inc, a consulting company to the credit industry.  Throughout his career Mr. DeHerrera has been a principle in numerous companies both public and private. He has a lengthy background in investment banking, capital formation, capital restructures, private placements and deal origination.  There are no familial relationships between our officers and directors.  Section 16(a) Beneficial Ownership Reporting Compliance . We believe that our officers, directors, and principal shareholders have not filed all reports required to be filed on, respectively, a Form 3 (Initial Statement of Beneficial Ownership of Securities), a Form 4 (Statement of Changes of Beneficial Ownership of Securities), or a Form 5 (Annual Statement of Beneficial Ownership of Securities).   ITEM 10.  EXECUTIVE COMPENSATION - RENUMERATION OF DIRECTORS AND OFFICERS.   Name of Individual or Capacities in which Aggregate Remuneration Identity of Group Remuneration was received For 2004 For 2005 For 2006 Douglas Tallant President and Director $ -0- $ 132,000 $ 144,000 Donald Trapp Director, Secretary &Treasurer $ -0- $ 55,000 $   60,000 Tim DeHerrera Vice President $ -0- $ 55,000 $   60,000  The compensation in 2005 and 2006 was paid as deferred salaries.  Stock Based Compensation.  During the year ended December 31, 2006, $24,929 in stock based compensation was recorded in our financial statements.  Stock based compensation is an estimate of the intrinsic value placed in respect to stock granted to officers, directors, employees using the Black-Scholes option pricing model.  We do expect further stock based compensation in 2006.  Transactions with Promoters  NONE   ITEM 11.  SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT.  The following table sets forth information as of December 31, 2007, with respect to the ownership of the Friendly Energy Corporation's common stock by each person known by Friendly Energy Corporation to be the beneficial owner of more than five percent (5%) of Friendly Energy Corporation's common stock, by each director and officer and by all officers and directors as a group.  Name of Address of Amount of Shares % of Outstanding Beneficial Holder Beneficial Holder Beneficially Owned Common Stock - ------------------------------------------------------------------------------------------------------------------------------  10    Douglas Tallant (1) 39,416 0.1% President /Director  Donald Trapp (1) 439,533 1.0% Director  Tim DeHerrera (1) 767,000 1.8%  All directors and Officers as a group 1,245,949 2.9%  (1) 502 North Division Street, Carson City, NV 89703  Beneficial ownership is determined in accordance with the rules of the Securities and Exchange Commission and generally includes voting or investment power with respect to securities. In accordance with Securities and Exchange Commission rules, shares of our common stock which may be acquired upon exercise of stock options or warrants which are currently exercisable or which become exercisable within 60 days of the date of the table are deemed beneficially owned by the optionees. Subject to community property laws, where applicable, the persons or entities named in the table above have sole voting and investment power with respect to all shares of our common stock indicated as beneficially owned by them.  Currently there are only the stock options listed above issued or outstanding.  Changes in Control. Our management is not aware of any arrangements which may result in "changes in control" as that term is defined by the provisions of Item 403(c) of Regulation S-B.   ITEM 12.  CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS.  NONE  All related party transactions are in the normal course of business and are measured at the exchange amount, which is the amount of consideration established and agreed to by the related parties.  ITEM 13.  PRINCIPAL ACCOUNTANT FEES AND SERVICES 1. Audit Fees: Aggregate fees billed for each of the last two (2) fiscal years for professional services rendered by the principal accountant for the audit of the annual financial statements and review of financial statements included on Form 10-KSB: 2005: $0 2006: $9,500 2. Audit-Related Fees: Aggregate fees billed in each of the last two (2) fiscal years for assurance and related services by the principal accountant that are reasonably related to the performance of the audit or review of the financial statements and are not reported previously. 2005: $0 2006: $0 3. Tax Fees: Aggregate fees billed in each of the last two (2) fiscal years for professional services rendered by the principal accountant for tax compliance, tax advice, and tax planning. 2005: $0 2006: $0 4. All Other Fees: Aggregate fees billed in each of the last two (2) fiscal years for products and services provided by the principal accountant, other than the services previously reported. 2005: $0 2006: $250 5. Audit Committee Pre-Approval Procedures. The Board of Directors has not, to date, appointed an Audit Committee.  ITEM 14.  EXHIBITS  Exhibit 31.1 - Amended Section 906 Certification of Periodic Report of the Chief Executive Officer.   11     Exhibit 31.2 - Amended Section 906 Certification of Periodic Report of the Chief Financial Officer.   Exhibit 32.1 - Amended Section 302 Certification of Periodic Report of the Chief Executive Officer.   Exhibit 32.2 - Amended Section 302 Certification of Periodic Report of the Chief Financial Officer.  The following documents are incorporated by reference in this Form 10-KSB/A:  NONE   SIGNATURES Pursuant to the requirements of Section 13 or 15 (d) of the Securities Exchange Act of 1934, the Registrant has duly caused to be signed on its behalf by the undersigned, whereunto duly authorized.  FRIENDLY ENERGY CORPORATION Date:

December 2, 2009  By: /s/ Douglas Tallant --------------------------- Douglas Tallant, Director and President  Pursuant to the requirements of the Securities and Exchange Act of 1934, this amended report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates included.  Date:

December 2, 2009  By: /s/ Donald Trapp ----------------------------- Donald Trapp, Director    12    Exhibit 31.1 I, Douglas Tallant, certify that:  (1)     I have reviewed this Annual Report on Form 10-KSB of Friendly Energy Corp.;  (2)     Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;  (3)     Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the small business issuer as of, and for, the periods presented in this report;  (4)    The small business issuer's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the small business issuer and have:  (a)     Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the small business issuer, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;  (b)     Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;  (c)     Evaluated the effectiveness of the small business issuer's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and  (d)     Disclosed in this report any change in the small business issuer's internal control over financial reporting that occurred during the small business issuer's most recent fiscal quarter (the small business issuer's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the small business issuer's internal control over financial reporting; and  (5)     The small business issuer's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the small business issuer's auditors and the audit committee of the small business issuer's board of directors (or persons performing the equivalent functions):  (a)All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the small business issuer's ability to record, process, summarize and report financial information; and  (b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the small business issuer's internal control over financial reporting.  Date:

December 2, 2009  /s/ Douglas Tallant ----------------------- Douglas Tallant, Director and President  13    Exhibit 31.2 I, Donald Trapp, certify that:  (1)     I have reviewed this Annual Report on Form 10-KSB of Friendly Energy Corp.;  (2)     Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;  (3)     Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the small business issuer as of, and for, the periods presented in this report;  (4)     The small business issuer's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the small business issuer and have:  (a)     Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the small business issuer, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;  (b)     Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;  (c)     Evaluated the effectiveness of the small business issuer's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and  (d)     Disclosed in this report any change in the small business issuer's internal control over financial reporting that occurred during the small business issuer's most recent fiscal quarter (the small business issuer's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the small business issuer's internal control over financial reporting; and  (5)     The small business issuer's other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the small business issuer's auditors and the audit committee of the small business issuer's board of directors (or persons performing the equivalent functions):  (a)     All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the small business issuer's ability to record, process, summarize and report financial information; and  (b)     Any fraud, whether or not material, that involves management or other employees who have a significant role in the small business issuer's internal control over financial reporting.  Date:

December 2, 2009  /s/ Donald Trapp ----------------------- Donald Trapp, Director  14    Exhibit 32.1   CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES- OXLEY ACT OF 2002  In connection with the Annual Report of Friendly Energy Corporation(the "Company") on Form 10-KSB for the period ending December 31, 2006 as filed with the Securities and Exchange Commission on the date hereof (the "Report"),  I, Douglass Tallant, Director of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes- Oxley Act of 2002, that:  (1)  The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and  (2)  The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Company.  IN WITNESS WHEREOF, the undersigned has executed this certification as of the

2nd day of December

 2009.  /s/ Douglas Tallant ------------------------ Douglas Tallant, President/Director  15     Exhibit 32.2  CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO 18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES- OXLEY ACT OF 2002  In connection with the Annual Report of Friendly Energy Corporation(the "Company") on Form 10-KSB for the period ending December 31, 2006 as filed with the Securities and Exchange Commission on the date hereof (the "Report"),  I, Donald Trapp, Director of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes- Oxley Act of 2002, that:  (1)  The Report fully complies with the requirements of section 13(a) or 15(d) of the Securities Exchange Act of 1934; and  (2)  The information contained in the Report fairly presents, in all material respects, the financial condition and result of operations of the Company.  IN WITNESS WHEREOF, the undersigned has executed this certification as of the

2nd day of December

 2009.  /s/ Donald Trapp ------------------------ Donald Trapp, Director   Exhibit A  Consent of Independent Registered Public Accounting Firm  CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM  We have issued our report dated April 13, 2008 on the accompanying financial statements for the periods January 7, 1993 (inception) to December 31, 2006 of Friendly Energy Corp. included in the Form 10-K/A. We hereby consent to the use of the aforementioned report in the Form 10-K/A filed with the Securities and Exchange Commission.   /s/ John Kinross-Kennedy  John Kinross-Kennedy Certified Public Accountant Irvine, California April 13, 2008 December 2, 2009   16