<SUBMISSION>
<ACCESSION-NUMBER>0001144204-08-044937
<TYPE>4
<PUBLIC-DOCUMENT-COUNT>1
<PERIOD>20080807
<FILING-DATE>20080808
<DATE-OF-FILING-DATE-CHANGE>20080808
<ISSUER>
<COMPANY-DATA>
<CONFORMED-NAME>AFH ACQUISITION X, INC.
<CIK>0001419554
<ASSIGNED-SIC>6770
<IRS-NUMBER>421743430
<STATE-OF-INCORPORATION>DE
<FISCAL-YEAR-END>0930
</COMPANY-DATA>
<BUSINESS-ADDRESS>
<STREET1>C/O AMIR FARROKH HESHMATPOUR
<STREET2>9595 WILSHIRE BLVD., SUITE 900
<CITY>BEVERLY HILLS
<STATE>CA
<ZIP>90212
<PHONE>310-300-3431
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>C/O AMIR FARROKH HESHMATPOUR
<STREET2>9595 WILSHIRE BLVD., SUITE 900
<CITY>BEVERLY HILLS
<STATE>CA
<ZIP>90212
</MAIL-ADDRESS>
</ISSUER>
<REPORTING-OWNER>
<OWNER-DATA>
<CONFORMED-NAME>Heshmatpour Amir F
<CIK>0001396631
</OWNER-DATA>
<FILING-VALUES>
<FORM-TYPE>4
<ACT>34
<FILE-NUMBER>000-53078
<FILM-NUMBER>081002418
</FILING-VALUES>
<BUSINESS-ADDRESS>
<PHONE>310 300 3431
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>C/O AFH HOLDING & ADVISORY LLC
<STREET2>9595 WILSHIRE BLVD, STE 900
<CITY>BEVERLY HILLS
<STATE>CA
<ZIP>90212
</MAIL-ADDRESS>
</REPORTING-OWNER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>v122444_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0303</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2008-08-07</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001419554</issuerCik>
        <issuerName>AFH ACQUISITION X, INC.</issuerName>
        <issuerTradingSymbol>NONE</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001396631</rptOwnerCik>
            <rptOwnerName>Heshmatpour Amir F</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>9595 WILSHIRE BLVD., SUITE 900</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>BEVERLY HILLS</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>90212</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>President and Secretary</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock, par value $.001 per share (the &quot;Common Stock&quot;)</value>
            </securityTitle>
            <transactionDate>
                <value>2008-08-07</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>J</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
                <footnoteId id="F1"/>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>5000000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                    <footnoteId id="F1"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>0</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2008-08-07</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>J</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
                <footnoteId id="F1"/>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>5000000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                    <footnoteId id="F1"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>5000000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See footnote</value>
                    <footnoteId id="F2"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">On August 7, 2008, Amir F. Heshmatpour contributed his 5,000,000 shares of Common Stock to AFH Holding &amp; Advisory, LLC (&quot;AFH
 Holding&quot;), where such contribution was deemed an additional capital contribution to AFH Holding.</footnote>
        <footnote id="F2">Mr. Heshmatpour is the sole economic member of AFH Holding and has sole voting and investment control over the shares of
 Common Stock owned of record by AFH Holding.  Accordingly, he may be deemed a beneficial owner of the 5,000,000 shares of
 Common Stock owned by AFH Holding.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Amir Farrokh Heshmatpour</signatureName>
        <signatureDate>2008-08-07</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SUBMISSION>
