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<SEC-DOCUMENT>0001116502-09-000875.txt : 20090528
<SEC-HEADER>0001116502-09-000875.hdr.sgml : 20090528
<ACCEPTANCE-DATETIME>20090528171552
ACCESSION NUMBER:		0001116502-09-000875
CONFORMED SUBMISSION TYPE:	S-8
PUBLIC DOCUMENT COUNT:		5
FILED AS OF DATE:		20090528
DATE AS OF CHANGE:		20090528
EFFECTIVENESS DATE:		20090528

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AE Biofuels, Inc.
		CENTRAL INDEX KEY:			0000738214
		STANDARD INDUSTRIAL CLASSIFICATION:	INDUSTRIAL ORGANIC CHEMICALS [2860]
		IRS NUMBER:				840925128
		STATE OF INCORPORATION:			CO
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		S-8
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-159556
		FILM NUMBER:		09858230

	BUSINESS ADDRESS:	
		STREET 1:		20400 STEVENS CREEK BLVD
		STREET 2:		SUITE 700
		CITY:			CUPERTINO
		STATE:			CA
		ZIP:			95014
		BUSINESS PHONE:		561-798-2907

	MAIL ADDRESS:	
		STREET 1:		20400 STEVENS CREEK BLVD
		STREET 2:		SUITE 700
		CITY:			CUPERTINO
		STATE:			CA
		ZIP:			95014

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MARWICH II LTD
		DATE OF NAME CHANGE:	19840123
</SEC-HEADER>
<DOCUMENT>
<TYPE>S-8
<SEQUENCE>1
<FILENAME>aebios8.htm
<DESCRIPTION>REGISTRATION STATEMENT
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
<HTML>
<HEAD>
<TITLE>United States Securities & Exchange Commission EDGAR Filing</TITLE>
<META NAME="author" CONTENT="Sandy Rozynko">
<META NAME="date" CONTENT="05/27/2009">
</HEAD>
<BODY style="line-height:12pt; font-family:Times New Roman; font-size:10pt; color:#000000">
<P style="line-height:10pt; margin:0px" align=center><B>As filed with the Securities and Exchange Commission on May&nbsp;28, 2009</B></P>
<P style="line-height:10pt; margin:0px" align=right><B>Registration No.&nbsp;333-_______</B></P>
<P style="margin-top:0px; margin-bottom:1.8px; padding-bottom:4px; font-size:8pt; border-bottom:4px solid #000000" align=right>&nbsp;</P>
<P style="margin:0px; padding-top:4px; font-size:8pt; border-top:1.333px solid #000000" align=right>&nbsp;</P>
<P style="line-height:10pt; margin:0px" align=center><B>SECURITIES AND EXCHANGE COMMISSION</B></P>
<P style="line-height:10pt; margin:0px" align=center><B>Washington, D.C. 20549</B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center>&#151;&#151;&#151;&#151;&#151;&#151;&#151;</P>
<P style="line-height:16pt; margin:0px; font-size:14pt" align=center><B>FORM S-8</B></P>
<P style="margin:0px" align=center>&#151;&#151;&#151;&#151;&#151;&#151;&#151;</P>
<P style="margin:0px" align=center><BR></P>
<P style="line-height:10pt; margin:0px" align=center><B>REGISTRATION STATEMENT</B></P>
<P style="line-height:10pt; margin:0px" align=center><B>UNDER</B></P>
<P style="line-height:10pt; margin:0px" align=center><B>THE SECURITIES ACT OF 1933</B></P>
<P style="margin:0px" align=center>&#151;&#151;&#151;&#151;&#151;&#151;&#151;</P>
<P style="line-height:20pt; margin:0px; font-size:18pt" align=center><B>AE BIOFUELS, INC.</B></P>
<P style="line-height:10pt; margin:0px; font-size:8pt" align=center><I>(Exact Name of Registrant as Specified in its Charter)</I></P>
<P style="margin:0px" align=center>&#151;&#151;&#151;&#151;&#151;&#151;&#151;</P>
<P style="margin:0px"><BR></P>
<TABLE style="font-size:10pt" cellspacing=0 align=center><TR height=0 style="font-size:0"><TD width=287.067></TD><TD width=138.533></TD><TD width=326.4></TD></TR>
<TR><TD valign=top width=287.067><P style="line-height:10pt; margin:0px" align=center><B>Nevada</B></P>
</TD><TD valign=top width=138.533><P style="line-height:10pt; margin:0px">&nbsp;</P>
</TD><TD valign=top width=326.4><P style="line-height:10pt; margin:0px" align=center><B>26-1407544</B></P>
</TD></TR>
<TR><TD valign=top width=287.067><P style="line-height:10pt; margin:0px; font-size:8pt" align=center><I>(State or other jurisdiction of</I></P>
</TD><TD valign=top width=138.533><P style="line-height:10pt; margin:0px; font-size:8pt"><I>&nbsp;</I></P>
</TD><TD valign=top width=326.4><P style="line-height:10pt; margin:0px; font-size:8pt" align=center><I>(I.R.S. Employer</I></P>
</TD></TR>
<TR><TD valign=top width=287.067><P style="line-height:10pt; margin:0px; font-size:8pt" align=center><I>incorporation or organization)</I></P>
</TD><TD valign=top width=138.533><P style="line-height:10pt; margin:0px; font-size:8pt"><I>&nbsp;</I></P>
</TD><TD valign=top width=326.4><P style="line-height:10pt; margin:0px; font-size:8pt" align=center><I>Identification Number)</I></P>
</TD></TR>
</TABLE>
<P style="margin:0px" align=center><BR></P>
<P style="line-height:11pt; margin:0px" align=center><B>20400 Stevens Creek Blvd., Suite 700, Cupertino, California 95014</B></P>
<P style="line-height:11pt; margin:0px; font-size:8pt" align=center><I>&nbsp;(Address of Principal Executive Offices)(ZIP Code)</I></P>
<P style="line-height:11pt; margin:0px" align=center>&#151;&#151;&#151;&#151;&#151;&#151;&#151;</P>
<P style="line-height:11pt; margin:0px" align=center><B>Amended and Restated 2007 Stock Plan</B></P>
<P style="line-height:11pt; margin:0px; font-size:8pt" align=center><I>(Full Title of the Plan)</I></P>
<P style="line-height:11pt; margin:0px" align=center>&#151;&#151;&#151;&#151;&#151;&#151;&#151;</P>
<P style="line-height:11pt; margin:0px" align=center><B>Eric A. McAfee</B></P>
<P style="line-height:11pt; margin:0px" align=center><B>Chief Executive Officer and Chairman of the Board</B></P>
<P style="line-height:11pt; margin:0px" align=center><B>c/o AE Biofuels, Inc.</B></P>
<A NAME="OLE_LINK1"></A><A NAME="OLE_LINK2"></A><P style="line-height:11pt; margin:0px" align=center><B>20400 Stevens Creek Blvd., Suite 700, Cupertino, California 95014</B></P>
<P style="line-height:11pt; margin:0px" align=center><B>(408) 213-0940</B></P>
<P style="line-height:11pt; margin-top:0px; margin-bottom:5.333px; font-size:8pt" align=center><I>(Name, Address, Including Zip Code, and Telephone Number, Including Area Code, of Agent for Service)</I></P>
<P style="line-height:11pt; margin-top:0px; margin-bottom:6.667px">Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of &#8220;large accelerated filer,&#8221; &#8220;accelerated filer&#8221; and &#8220;smaller reporting company&#8221; in Rule&nbsp;12b-2 of the Exchange Act.</P>
<TABLE style="font-size:10pt" cellspacing=0><TR height=0 style="font-size:0"><TD width=376></TD><TD width=376></TD></TR>
<TR><TD valign=top width=376><P style="margin:0px">Large accelerated filer <FONT style="font-family:Wingdings">o</FONT> </P>
</TD><TD valign=top width=376><P style="margin:0px">Non-accelerated filer <FONT style="font-family:Wingdings">o</FONT></P>
</TD></TR>
<TR><TD valign=top width=376><P>&nbsp;</P></TD><TD valign=top width=376><P style="margin:0px">(Do not check if a smaller reporting &nbsp;company)</P>
</TD></TR>
<TR><TD valign=top width=376><P style="margin:0px">Accelerated filer <FONT style="font-family:Wingdings">&#254;</FONT> &nbsp;</P>
</TD><TD valign=top width=376><P style="margin:0px">Smaller reporting company <FONT style="font-family:Wingdings">o</FONT></P>
</TD></TR>
</TABLE>
<P style="margin-top:6.667px; margin-bottom:6.667px" align=center><B>CALCULATION OF REGISTRATION FEE</B></P>
<TABLE style="font-size:10pt" cellspacing=0 align=center><TR height=0 style="font-size:0"><TD width=299.8></TD><TD width=106.467></TD><TD width=106.467></TD><TD width=132.8></TD><TD width=106.467></TD></TR>
<TR><TD style="border-top:3px double #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=299.8><P style="line-height:10pt; margin:0px; font-size:8pt" align=center><B>Title of Securities to be Registered</B></P>
</TD><TD style="border-top:3px double #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=106.467><P style="line-height:10pt; margin:0px; font-size:8pt" align=center><B>Amount to be </B></P>
<P style="line-height:10pt; margin:0px; font-size:8pt" align=center><B>Registered(1)</B></P>
</TD><TD style="border-top:3px double #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=106.467><P style="line-height:10pt; margin:0px; font-size:8pt" align=center><B>Maximum </B></P>
<P style="line-height:10pt; margin:0px; font-size:8pt" align=center><B>Offering Price </B></P>
<P style="line-height:10pt; margin:0px; font-size:8pt" align=center><B>Per Share ($)</B></P>
</TD><TD style="border-top:3px double #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=132.8><P style="line-height:10pt; margin:0px; font-size:8pt" align=center><B>Proposed Maximum </B></P>
<P style="line-height:10pt; margin:0px; font-size:8pt" align=center><B>Aggregate </B></P>
<P style="line-height:10pt; margin:0px; font-size:8pt" align=center><B>Offering Price ($)</B></P>
</TD><TD style="border-top:3px double #000000; border-bottom:1px solid #000000" valign=bottom width=106.467><P style="line-height:10pt; margin:0px; font-size:8pt" align=center><B>Amount of </B></P>
<P style="line-height:10pt; margin:0px; font-size:8pt" align=center><B>Registration </B></P>
<P style="line-height:10pt; margin:0px; font-size:8pt" align=center><B>Fee ($)</B></P>
</TD></TR>
<TR><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=299.8><P style="line-height:11pt; margin:0px">Common Stock, $0.001 par value</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=106.467><P style="line-height:11pt; margin:0px; padding-right:12.933px; font-size:11pt" align=right>209,410(3)</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=106.467><P style="line-height:11pt; margin:0px; font-size:11pt" align=center>0.16</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=132.8><P style="line-height:11pt; margin:0px; padding-right:25.533px; font-size:11pt" align=right>33,506(2)</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=106.467><P style="line-height:11pt; margin:0px; text-indent:47.133px; font-size:11pt">1.87</P>
</TD></TR>
<TR><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=299.8><P style="line-height:11pt; margin:0px">Common Stock, $0.001 par value</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=106.467><P style="line-height:11pt; margin:0px; padding-right:12.933px; font-size:11pt" align=right>1,447,000&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=106.467><P style="line-height:11pt; margin:0px; font-size:11pt" align=center>3.00</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=132.8><P style="line-height:11pt; margin:0px; padding-right:25.533px; font-size:11pt" align=right>4,341,000(4)</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=106.467><P style="line-height:11pt; margin:0px; text-indent:32.467px; font-size:11pt">242.23</P>
</TD></TR>
<TR><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=299.8><P style="line-height:11pt; margin:0px">Common Stock, $0.001 par value</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=106.467><P style="line-height:11pt; margin:0px; padding-right:12.933px; font-size:11pt" align=right>325,000&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=106.467><P style="line-height:11pt; margin:0px; font-size:11pt" align=center>3.70</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=132.8><P style="line-height:11pt; margin:0px; padding-right:25.533px; font-size:11pt" align=right>1,202,500(5)</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=106.467><P style="line-height:11pt; margin:0px; text-indent:39.8px; font-size:11pt">67.10</P>
</TD></TR>
<TR><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=299.8><P style="line-height:11pt; margin:0px">Common Stock, $0.001 par value</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=106.467><P style="line-height:11pt; margin:0px; padding-right:12.933px; font-size:11pt" align=right>17,000&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=106.467><P style="line-height:11pt; margin:0px; font-size:11pt" align=center>7.00</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=132.8><P style="line-height:11pt; margin:0px; padding-right:25.533px; font-size:11pt" align=right>119,000(6)</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=106.467><P style="line-height:11pt; margin:0px; text-indent:47.133px; font-size:11pt">6.64</P>
</TD></TR>
<TR><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=299.8><P style="line-height:11pt; margin:0px">Common Stock, $0.001 par value</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=106.467><P style="line-height:11pt; margin:0px; padding-right:12.933px; font-size:11pt" align=right>100,000&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=106.467><P style="line-height:11pt; margin:0px; font-size:11pt" align=center>4.94</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=132.8><P style="line-height:11pt; margin:0px; padding-right:25.533px; font-size:11pt" align=right>494,000(7)</P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=106.467><P style="line-height:11pt; margin:0px; text-indent:39.8px; font-size:11pt">27.57</P>
</TD></TR>
<TR><TD style="border-right:1px solid #000000; border-bottom:3px double #000000" valign=top width=299.8><P style="line-height:11pt; margin:0px">Common Stock, $0.001 par value</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:3px double #000000" valign=bottom width=106.467><P style="line-height:11pt; margin:0px; padding-right:12.933px; font-size:11pt" align=right>2,784,000&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:3px double #000000" valign=bottom width=106.467><P style="line-height:11pt; margin:0px; font-size:11pt" align=center>0.16</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:3px double #000000" valign=bottom width=132.8><P style="line-height:11pt; margin:0px; padding-right:25.533px; font-size:11pt" align=right>445,440(8)</P>
</TD><TD style="border-bottom:3px double #000000" valign=bottom width=106.467><P style="line-height:11pt; margin:0px; text-indent:39.8px; font-size:11pt">24.86</P>
</TD></TR>
</TABLE>
<P style="margin:0px">&#151;&#151;&#151;&#151;&#151;&#151;&#151;</P>
<P style="line-height:11pt; margin-top:0px; margin-bottom:-14.667px; padding-left:20px; text-indent:-20px; font-size:9pt">(1)</P>
<P style="line-height:9pt; margin:0px; padding-left:20px; font-size:9pt">Pursuant to Rule&nbsp;416(a) under the Securities Act of 1933, as amended (the &#147;Securities Act&#148;), this Registration Statement includes an indeterminate number of additional shares which may be offered and issued to prevent dilution from stock splits, stock dividends or similar transactions as provided in the above-referenced plans.</P>
<P style="line-height:11pt; margin-top:0px; margin-bottom:-14.667px; padding-left:20px; text-indent:-20px; font-size:9pt">(2)</P>
<P style="line-height:9pt; margin:0px; padding-left:20px; font-size:9pt">Calculated solely for purposes of this offering under Rule&nbsp;457(h) of the Securities Act of 1933, as amended. The price of $0.16 per share represents the closing price per share of Common Stock, as reported on the Over-The-Counter Bulletin Board on May&nbsp;22, 2009.</P>
<P style="line-height:11pt; margin-top:0px; margin-bottom:-14.667px; padding-left:20px; text-indent:-20px; font-size:9pt">(3)</P>
<P style="line-height:9pt; margin:0px; padding-left:20px; font-size:9pt">Represents shares available for grant, but not yet granted as of the date of this Registration Statement, under the Amended and Restated 2007 Stock Plan.</P>
<P style="line-height:11pt; margin-top:0px; margin-bottom:-14.667px; padding-left:20px; text-indent:-20px; font-size:9pt">(4)</P>
<P style="line-height:9pt; margin:0px; padding-left:20px; font-size:9pt">Computed based on the exercise price of options to purchase 1,447,000 shares of common stock of AE Biofuels, Inc.</P>
<P style="line-height:11pt; margin-top:0px; margin-bottom:-14.667px; padding-left:20px; text-indent:-20px; font-size:9pt">(5)</P>
<P style="line-height:9pt; margin:0px; padding-left:20px; font-size:9pt">Computed based on the exercise price of options to purchase 325,000 shares of common stock of AE Biofuels, Inc.</P>
<P style="line-height:11pt; margin-top:0px; margin-bottom:-14.667px; padding-left:20px; text-indent:-20px; font-size:9pt">(6)</P>
<P style="line-height:9pt; margin:0px; padding-left:20px; font-size:9pt">Computed based on the exercise price of options to purchase 17,000 shares of common stock of AE Biofuels, Inc.</P>
<P style="line-height:11pt; margin-top:0px; margin-bottom:-14.667px; padding-left:20px; text-indent:-20px; font-size:9pt">(7)</P>
<P style="line-height:9pt; margin:0px; padding-left:20px; font-size:9pt">Computed based on the exercise price of options to purchase 100,000 shares of common stock of AE Biofuels, Inc.</P>
<P style="line-height:11pt; margin-top:0px; margin-bottom:-14.667px; padding-left:20px; text-indent:-20px; font-size:9pt">(8)</P>
<P style="line-height:9pt; margin:0px; padding-left:20px; font-size:9pt">Computed based on the exercise price of options to purchase 2,784,000 shares of common stock of AE Biofuels, Inc.</P>
<P style="margin-top:0px; margin-bottom:1.8px; padding-bottom:4px; font-size:8pt; border-bottom:1.333px solid #000000">&nbsp;</P>
<P style="margin:0px; padding-top:4px; font-size:8pt; border-top:4px solid #000000">&nbsp;</P>
<P style="margin-top:0px; margin-bottom:14.667px"><BR></P>
<P style="margin-top:0px; margin-bottom:14.667px" align=center><BR>
<BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin-top:0px; margin-bottom:8.867px; page-break-before:always" align=center><B>PART I</B></P>
<P style="margin-top:0px; margin-bottom:8.867px" align=center><B>INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS</B></P>
<P style="margin-top:0px; margin-bottom:8.867px; text-indent:48px">The documents containing the information specified in this Part I of Form&nbsp;S-8 (plan information and registrant information and employee plan annual information) will be sent or given to employees as specified by Securities and Exchange Commission Rule&nbsp;428(b)(1). Such documents need not be filed with the Securities and Exchange Commission either as part of this Registration Statement or as prospectuses or prospectus supplements pursuant to Rule&nbsp;424. These documents and the documents incorporated by reference in this Registration Statement pursuant to Item 3 of Part II of this Form&nbsp;S-8, taken together, constitute a prospectus that meets the requirements of Section&nbsp;10(a) of the Securities Act of 1933.</P>
<P style="margin-top:0px; margin-bottom:8.867px" align=center><BR>
<BR></P>
<P style="margin:0px" align=center>1</P>
<P style="margin:0px"><BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin-top:0px; margin-bottom:8.867px; page-break-before:always" align=center><B>PART II</B></P>
<P style="margin-top:0px; margin-bottom:8.867px" align=center><B>INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</B></P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:72px; text-indent:-72px"><B>Item 3.</B></P>
<P style="margin-top:0px; margin-bottom:8.867px; padding-left:72px"><B>Incorporation of Documents by Reference.</B></P>
<P style="margin-top:0px; margin-bottom:8.867px; text-indent:48px">The following documents previously filed by AE Biofuels, Inc. (the &#147;<B>Company</B>&#148; or &#147;<B>Registrant</B>&#148;) with the Securities and Exchange Commission (the &#147;Commission&#148;) are herein incorporated by reference:</P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:93.333px; text-indent:-46.667px">(i)</P>
<P style="margin:0px; padding-left:93.333px">Our Annual Report on Form&nbsp;10-K/A for the fiscal year ended December&nbsp;31, 2008</P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:93.333px; text-indent:-46.667px">(ii)</P>
<P style="margin:0px; padding-left:93.333px">Our Annual Report on Form&nbsp;10-K for the fiscal year ended December&nbsp;31, 2008;</P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:93.333px; text-indent:-46.667px">(iii)</P>
<P style="margin:0px; padding-left:93.333px">Our Quarterly Report on Form&nbsp;10-Q for the fiscal quarter ended March&nbsp;31, 2009;</P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:93.333px; text-indent:-46.667px">(iv)</P>
<P style="margin:0px; padding-left:93.333px">Our Current Report on Form&nbsp;8-K filed on January&nbsp;14, 2009;</P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:93.333px; text-indent:-46.667px">(v)</P>
<P style="margin:0px; padding-left:93.333px">Our Current Report on Form&nbsp;8-K filed on April&nbsp;7, 2009;</P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:93.333px; text-indent:-46.667px">(vi)</P>
<P style="margin:0px; padding-left:93.333px">Our Current Report on Form&nbsp;8-K filed on May&nbsp;1, 2009;</P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:93.333px; text-indent:-46.667px">(vii)</P>
<P style="margin:0px; padding-left:93.333px">Our Current Report on Form&nbsp;8-K/A filed on May&nbsp;8, 2009;</P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:93.333px; text-indent:-46.667px">(viii)</P>
<P style="margin:0px; padding-left:93.333px">Our Current Report on Form&nbsp;8-K filed on May&nbsp;12, 2009;</P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:93.333px; text-indent:-46.667px">(ix)</P>
<P style="margin-top:0px; margin-bottom:8.867px; padding-left:93.333px">The description of the Company&#146;s common stock, par value $.001 per share, contained in the Company&#146;s Current Report on Form&nbsp;8-K filed under the Exchange Act on December&nbsp;13, 2007, and any amendment or report filed for the purpose of updating such description.</P>
<P style="margin-top:0px; margin-bottom:8.867px; text-indent:48px">All documents filed by the Company with the Commission pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act after the date of this Registration Statement, and prior to the filing of a post-effective amendment which indicates that all securities offered hereby have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference in this Registration Statement and to be a part hereof from the date of filing of such documents. Any statement contained in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for purposes of this Registration Statement to the extent that a statement contained in any subsequently filed document which also is deemed to be incorporated by reference herein modifies or supersedes such statement.</P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:72px; text-indent:-72px"><B>Item 4.</B></P>
<P style="margin-top:0px; margin-bottom:8.867px; padding-left:72px"><B>Description of Securities.</B></P>
<P style="margin-top:0px; margin-bottom:8.867px; text-indent:48px">Not applicable.</P>
<A NAME="003"></A><P style="margin-top:0px; margin-bottom:-16px; padding-left:72px; text-indent:-72px"><B>Item 5.</B></P>
<P style="margin-top:0px; margin-bottom:8.867px; padding-left:72px"><B>Interests of Named Experts and Counsel.</B></P>
<P style="margin-top:0px; margin-bottom:8.867px; text-indent:48px">An opinion concerning the validity of the issuance of shares of Common Stock has been rendered for the Registrant by Alisande M. Rozynko, General Counsel, and Corporate Secretary of the Registrant. Ms.&nbsp;Rozynko beneficially owns or has rights to acquire under employee benefit plans, an aggregate of less than 1% of the shares of Common Stock.</P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:72px; text-indent:-72px"><B>Item 6.</B></P>
<P style="margin-top:0px; margin-bottom:8.867px; padding-left:72px"><B>Indemnification of Directors and Officers.</B></P>
<P style="margin-top:0px; margin-bottom:8.867px; text-indent:48px">Nevada Revised Statutes (&#147;NRS&#148;) Sections&nbsp;78.7502 and 78.751 authorizes a corporation&#146;s board of directors to grant indemnity to directors and officers in terms sufficiently broad to permit such indemnification under certain circumstances for liabilities (including reimbursement for expenses incurred) arising under the Securities Act.</P>
<P style="margin-top:0px; margin-bottom:8.867px; text-indent:48px">Registrant&#146;s Articles of Incorporation and Bylaws grant it the power to indemnify any of our directors and officers. The director or officer must have conducted himself/herself in good faith and reasonably believe that his/her conduct was in, or not opposed to our best interests. In a criminal action, the director, officer, employee or agent must not have had reasonable cause to believe his/her conduct was unlawful. </P>
<P style="margin-top:0px; margin-bottom:8.867px; text-indent:48px">Under NRS Section&nbsp;78.751, advances for expenses may be made by agreement if the director or officer affirms in writing that he/she believes he/she has met the standards and will personally repay the expenses if it is determined such officer or director did not meet the standards. </P>
<P style="margin-top:0px; margin-bottom:8.867px; text-indent:48px">Our articles of incorporation include an indemnification provision under which we are required to indemnify our directors, officers, employees and former directors, officers and employees (including heirs and personal representatives) to the fullest extent permitted under Nevada law.</P>
<P style="margin-top:0px; margin-bottom:8.867px; text-indent:48px">Our articles of incorporation provide a limitation of liability in that no director or officer shall be personally liable to the Company or any of its shareholders for damages for breach of fiduciary duty as director or officer involving any act or omission of any such director or officer, provided there was no intentional misconduct, fraud or a knowing violation of the law, or payment of dividends in violation of NRS Section&nbsp;78.300.</P>
<P style="margin-top:0px; margin-bottom:8.867px; text-indent:48px">We intend to enter into an indemnity agreement with all of our officers and directors. The agreement provides that we will indemnify officers and directors to the fullest extent permitted by law, including indemnification in third party claims and derivative actions. The agreement also provides that we will advance expenses incurred by the officers or directors.</P>
<P style="margin-top:0px; margin-bottom:8.867px"><BR>
<BR></P>
<P style="margin:0px" align=center>II-1</P>
<P style="margin:0px"><BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin-top:0px; margin-bottom:6.667px; text-indent:48px; page-break-before:always">As permitted by the Nevada Revised Statutes, the Registrant&#146;s articles of incorporation includes a provision that eliminates the personal liability of its directors for damages as a result of any act or failure to act in his capacity as a director or officer unless it is proven that:</P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:80px; text-indent:-32px; font-family:Symbol">&#183;</P>
<P style="margin-top:0px; margin-bottom:6.667px; padding-left:80px">His act or failure to act constituted a breach of his fiduciary duties as a director or officer; and</P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:80px; text-indent:-32px; font-family:Symbol">&#183;</P>
<P style="margin-top:0px; margin-bottom:6.667px; padding-left:80px">His breach of those duties involved intentional misconduct, fraud or a knowing violation of law,</P>
<P style="margin-top:0px; margin-bottom:6.667px; text-indent:48px">The Registrant intends to enter into indemnification agreements with its directors and officers to provide such directors and officers additional contractual assurances regarding the scope of the indemnification set forth in the Registrant&#146;s articles of incorporation and to provide additional procedural protections. At present, there is no pending litigation or proceeding involving a director, officer or employee of the Registrant regarding which indemnification is sought.</P>
<P style="margin-top:0px; margin-bottom:6.667px; text-indent:48px">The indemnification provision in the Registrant&#146;s articles of incorporation may be sufficiently broad to permit indemnification of the Registrant&#146;s directors and officers for liabilities arising under the Securities Act. The Registrant has directors&#146; and officers&#146; liability insurance for securities matters.</P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:72px; text-indent:-72px"><B>Item 7.</B></P>
<P style="margin-top:0px; margin-bottom:6.667px; padding-left:72px"><B>Exemption From Registration Claimed.</B></P>
<P style="margin-top:0px; margin-bottom:6.667px; text-indent:48px">Not applicable.</P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:72px; text-indent:-72px"><B>Item 8.</B></P>
<P style="margin-top:0px; margin-bottom:6.667px; padding-left:72px"><B>Exhibits.</B></P>
<P style="margin-top:0px; margin-bottom:6.667px; text-indent:48px">For a list of exhibits, see the Exhibit&nbsp;Index in this Registration Statement, which is incorporated into this Item by reference.</P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:72px; text-indent:-72px"><B>Item 9.</B></P>
<P style="margin-top:0px; margin-bottom:6.667px; padding-left:72px"><B>Undertakings.</B></P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:48px; text-indent:-24px">(a)</P>
<P style="margin-top:0px; margin-bottom:6.667px; padding-left:48px">The undersigned Registrant hereby undertakes:</P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:72px; text-indent:-24px">(1)</P>
<P style="margin-top:0px; margin-bottom:6.667px; padding-left:72px">to file, during any period in which offers or sales are being made, a post-effective amendment to this Registration Statement:</P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:24px; text-indent:48px">(i)</P>
<P style="margin-top:0px; margin-bottom:6.667px; padding-left:24px; text-indent:72px">to include any prospectus required by Section&nbsp;10(a)(3) of the Securities Act;</P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:96px; text-indent:-24px">(ii)</P>
<P style="margin-top:0px; margin-bottom:6.667px; padding-left:96px">to reflect in the prospectus any facts or events arising after the effective date of this Registration Statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in this Registration Statement; and</P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:96px; text-indent:-24px">(iii)</P>
<P style="margin-top:0px; margin-bottom:6.667px; padding-left:96px">to include any material information with respect to the plan of distribution not previously disclosed in this Registration Statement or any material change to such information in this Registration Statement;</P>
<P style="margin-top:0px; margin-bottom:6.667px; padding-left:48px; text-indent:24px"><I>provided, however, </I>that paragraphs (a)(1)(i) and (a)(1)(ii) of this section do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in reports filed with or furnished to the Commission by the Registrant pursuant to Section&nbsp;13 or Section&nbsp;15(d) of the Exchange Act that are incorporated by reference in this Registration Statement.</P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:72px; text-indent:-24px">(2)</P>
<P style="margin-top:0px; margin-bottom:6.667px; padding-left:72px">that, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof;</P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:72px; text-indent:-24px">(3)</P>
<P style="margin-top:0px; margin-bottom:6.667px; padding-left:72px">to remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.</P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:48px; text-indent:-24px">(b)</P>
<P style="margin-top:0px; margin-bottom:6.667px; padding-left:48px">The undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of the Registrant&#146;s annual report pursuant to Section&nbsp;13(a) or Section&nbsp;15(d) of the Exchange Act that is incorporated by reference into this Registration Statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.</P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:48px; text-indent:-24px">(c)</P>
<P style="margin:0px; padding-left:48px">Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers or controlling persons of the Registrant pursuant to the indemnification provisions summarized in Item 6, or otherwise, the Registrant has been advised that, in the opinion of the Commission, such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether su
ch indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.</P>
<P style="margin-top:0px; margin-bottom:13.333px" align=center><BR>
<BR></P>
<P style="margin:0px" align=center>II-2</P>
<P style="margin:0px"><BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin-top:0px; margin-bottom:13.333px; page-break-before:always" align=center><B>SIGNATURES</B></P>
<P style="margin-top:0px; margin-bottom:13.333px; text-indent:48px">Pursuant to the requirements of the Securities Act of 1933, as amended, the Registrant, AE Biofuels, Inc., certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form&nbsp;S-8 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Cupertino, State of California, on May&nbsp;27, 2009.</P>
<TABLE style="font-size:10pt" cellspacing=0 align=center><TR height=0 style="font-size:0"><TD width=181.533></TD><TD width=234.8></TD><TD width=22.733></TD><TD width=232.933></TD></TR>
<TR><TD valign=top width=181.533><P>&nbsp;</P></TD><TD valign=top width=234.8><P>&nbsp;</P></TD><TD valign=top width=255.667 colspan=2><P style="margin:0px"><B>AE BIOFUELS, INC.</B></P>
</TD></TR>
<TR><TD valign=top width=181.533><P>&nbsp;</P></TD><TD valign=top width=234.8><P>&nbsp;</P></TD><TD valign=top width=22.733><P>&nbsp;</P></TD><TD valign=top width=232.933><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=181.533><P>&nbsp;</P></TD><TD valign=top width=234.8><P>&nbsp;</P></TD><TD valign=top width=22.733><P>&nbsp;</P></TD><TD valign=top width=232.933><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=181.533><P>&nbsp;</P></TD><TD valign=top width=234.8><P>&nbsp;</P></TD><TD valign=top width=22.733><P style="margin:0px">By:</P>
</TD><TD style="border-bottom:1px solid #000000" valign=top width=232.933><P style="line-height:normal; margin:0px">/s/ E<FONT style="font-size:6pt">RIC</FONT> A. M<FONT style="font-size:6pt">C</FONT>A<FONT style="font-size:6pt">FEE</FONT></P>
</TD></TR>
<TR><TD valign=top width=181.533><P>&nbsp;</P></TD><TD valign=top width=234.8><P>&nbsp;</P></TD><TD valign=top width=22.733><P>&nbsp;</P></TD><TD valign=top width=232.933><P style="margin:0px">Eric A. McAfee</P>
</TD></TR>
<TR><TD valign=top width=181.533><P>&nbsp;</P></TD><TD valign=top width=234.8><P>&nbsp;</P></TD><TD valign=top width=22.733><P>&nbsp;</P></TD><TD valign=top width=232.933><P style="margin:0px">Chief Executive Officer</P>
</TD></TR>
</TABLE>
<P style="margin-top:0px; margin-bottom:13.333px" align=center><BR></P>
<P style="margin-top:0px; margin-bottom:13.333px" align=center><B>POWER OF ATTORNEY<A NAME="POA"></A></B></P>
<P style="margin-top:0px; margin-bottom:13.333px; text-indent:48px">Each person whose signature appears below constitutes and appoints Eric A. McAfee and Scott A. Janssen, and each of them, as attorneys-in-fact, each with the power of substitution, for him in any and all capacities, to sign any amendment to this Registration Statement and to file the same, with exhibits thereto and other documents in connection therewith, with the Securities and Exchange Commission, granting to said attorneys-in-fact, full power and authority to do and perform each and every act and thing requisite and necessary to be done in connection therewith, as fully to all intents and purposes as he might or could do in person, hereby ratifying and confirming the said attorney-in-fact or his substitute or substitutes, may lawfully do or cause to be done by virtue hereof.</P>
<P style="margin-top:0px; margin-bottom:13.333px; text-indent:48px">Pursuant to the requirements of the Securities Act of 1933, as amended, this registration statement has been signed by the following persons in the capacities and on the date indicated.</P>
<TABLE style="font-size:10pt" cellspacing=0 align=center><TR height=0 style="font-size:0"><TD width=181.867></TD><TD width=21.533></TD><TD width=279.133></TD><TD width=20.933></TD><TD width=168.533></TD></TR>
<TR><TD style="border-bottom:1px solid #000000" valign=bottom width=181.867><P style="line-height:10pt; margin:0px; font-size:8pt" align=center><B>Signature</B></P>
</TD><TD valign=top width=21.533><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=279.133><P style="line-height:10pt; margin:0px; font-size:8pt" align=center><B>Capacity</B></P>
</TD><TD valign=top width=20.933><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=bottom width=168.533><P style="line-height:10pt; margin:0px; font-size:8pt" align=center><B>Date</B></P>
</TD></TR>
<TR><TD style="border-bottom:1px solid #000000" valign=bottom width=181.867><P style="margin:0px"><BR></P>
<P style="line-height:normal; margin:0px">/s/ E<FONT style="font-size:6pt">RIC</FONT> A. M<FONT style="font-size:6pt">C</FONT>A<FONT style="font-size:6pt">FEE</FONT></P>
</TD><TD valign=top width=21.533><P>&nbsp;</P></TD><TD valign=bottom width=279.133><P style="margin:0px">Chief Executive Officer and Chairman </P>
</TD><TD valign=top width=20.933><P>&nbsp;</P></TD><TD valign=bottom width=168.533><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=181.867><P style="margin:0px">Eric A. McAfee</P>
</TD><TD valign=top width=21.533><P>&nbsp;</P></TD><TD valign=bottom width=279.133><P style="margin:0px; padding-left:24px; text-indent:-8px">of the Board of Directors</P>
</TD><TD valign=top width=20.933><P>&nbsp;</P></TD><TD valign=top width=168.533><P style="margin:0px" align=center>May&nbsp;27, 2009</P>
</TD></TR>
<TR><TD valign=top width=181.867><P>&nbsp;</P></TD><TD valign=top width=21.533><P>&nbsp;</P></TD><TD valign=bottom width=279.133><P style="margin:0px; padding-left:24px; text-indent:-8px"><I>(Principal Executive Officer)</I></P>
</TD><TD valign=top width=20.933><P>&nbsp;</P></TD><TD valign=top width=168.533><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=181.867><P>&nbsp;</P></TD><TD valign=top width=21.533><P>&nbsp;</P></TD><TD valign=bottom width=279.133><P>&nbsp;</P></TD><TD valign=top width=20.933><P>&nbsp;</P></TD><TD valign=top width=168.533><P>&nbsp;</P></TD></TR>
<TR><TD style="border-bottom:1px solid #000000" valign=top width=181.867><P style="line-height:normal; margin:0px">/s/ S<FONT style="font-size:6pt">COTT</FONT> A. J<FONT style="font-size:6pt">ANSSEN</FONT></P>
</TD><TD valign=top width=21.533><P>&nbsp;</P></TD><TD valign=bottom width=279.133><P style="margin:0px">Chief Financial Officer </P>
</TD><TD valign=top width=20.933><P>&nbsp;</P></TD><TD valign=top width=168.533><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=181.867><P style="margin:0px">Scott A. Janssen</P>
</TD><TD valign=top width=21.533><P>&nbsp;</P></TD><TD valign=bottom width=279.133><P style="margin:0px; padding-left:24px; text-indent:-8px">(<I>Principal Financial and Accounting Officer)</I></P>
</TD><TD valign=top width=20.933><P>&nbsp;</P></TD><TD valign=top width=168.533><P style="margin:0px" align=center>May&nbsp;27, 2009</P>
</TD></TR>
<TR><TD valign=top width=181.867><P>&nbsp;</P></TD><TD valign=top width=21.533><P>&nbsp;</P></TD><TD valign=bottom width=279.133><P>&nbsp;</P></TD><TD valign=top width=20.933><P>&nbsp;</P></TD><TD valign=top width=168.533><P>&nbsp;</P></TD></TR>
<TR><TD style="border-bottom:1px solid #000000" valign=top width=181.867><P style="line-height:normal; margin:0px">/s/ M<FONT style="font-size:6pt">ICHAEL</FONT> P<FONT style="font-size:6pt">ETERSON</FONT></P>
</TD><TD valign=top width=21.533><P>&nbsp;</P></TD><TD valign=bottom width=279.133><P>&nbsp;</P></TD><TD valign=top width=20.933><P>&nbsp;</P></TD><TD valign=top width=168.533><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=181.867><P style="margin:0px">Michael Peterson</P>
</TD><TD valign=top width=21.533><P>&nbsp;</P></TD><TD valign=bottom width=279.133><P style="margin:0px">Director</P>
</TD><TD valign=top width=20.933><P>&nbsp;</P></TD><TD valign=top width=168.533><P style="margin:0px" align=center>May&nbsp;27, 2009</P>
</TD></TR>
<TR><TD style="border-bottom:1px solid #000000" valign=top width=181.867><P style="margin:0px"><BR></P>
<P style="line-height:normal; margin:0px">/s/ H<FONT style="font-size:6pt">AROLD</FONT> S<FONT style="font-size:6pt">ORGENTI</FONT></P>
</TD><TD valign=top width=21.533><P>&nbsp;</P></TD><TD valign=bottom width=279.133><P>&nbsp;</P></TD><TD valign=top width=20.933><P>&nbsp;</P></TD><TD valign=top width=168.533><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=181.867><P style="margin:0px">Harold Sorgenti</P>
</TD><TD valign=top width=21.533><P>&nbsp;</P></TD><TD valign=bottom width=279.133><P style="margin:0px">Director</P>
</TD><TD valign=top width=20.933><P>&nbsp;</P></TD><TD valign=top width=168.533><P style="margin:0px" align=center>May&nbsp;27, 2009</P>
</TD></TR>
<TR><TD style="border-bottom:1px solid #000000" valign=top width=181.867><P style="margin:0px"><BR></P>
<P style="line-height:normal; margin:0px">/s/ J<FONT style="font-size:6pt">OHN</FONT> R. B<FONT style="font-size:6pt">LOCK</FONT></P>
</TD><TD valign=top width=21.533><P>&nbsp;</P></TD><TD valign=bottom width=279.133><P>&nbsp;</P></TD><TD valign=top width=20.933><P>&nbsp;</P></TD><TD valign=top width=168.533><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=181.867><P style="margin:0px">John R. Block</P>
</TD><TD valign=top width=21.533><P>&nbsp;</P></TD><TD valign=bottom width=279.133><P style="margin:0px">Director</P>
</TD><TD valign=top width=20.933><P>&nbsp;</P></TD><TD valign=top width=168.533><P style="margin:0px" align=center>May&nbsp;27, 2009</P>
</TD></TR>
</TABLE>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><BR>
<BR></P>
<P style="margin:0px" align=center>II-3</P>
<P style="margin:0px"><BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always" align=center><B>INDEX TO EXHIBITS</B></P>
<P style="margin:0px" align=center><BR></P>
<TABLE style="font-size:10pt" cellspacing=0 align=center><TR height=0 style="font-size:0"><TD width=77></TD><TD width=595></TD></TR>
<TR><TD valign=bottom width=77><P style="margin:0px; padding-right:6px" align=center><B>Exhibit</B></P>
<P style="margin:0px" align=center><B><U>Number</U></B></P>
</TD><TD valign=bottom width=595><P style="margin:0px" align=center><B><U>Document</U></B></P>
</TD></TR>
<TR><TD valign=top width=77><P style="margin:0px" align=center>3.1</P>
</TD><TD valign=top width=595><P style="margin:0px">Articles of Incorporation of the Registrant (incorporated herein by reference to Exhibit&nbsp;3.1 of the Company&#146;s Quarterly Report on Form&nbsp;10-Q, filed with the Commission on November&nbsp;14, 2008)</P>
</TD></TR>
<TR><TD valign=top width=77><P style="margin:0px" align=center>3.2</P>
</TD><TD valign=bottom width=595><P style="margin:0px">Certificate of Amendment to Articles of Incorporation (incorporated herein by reference to Exhibit&nbsp;3.3 of the Company&#146;s Current Report on Form&nbsp;8-K, filed with the Commission on December&nbsp;13, 2007)</P>
</TD></TR>
<TR><TD valign=top width=77><P style="margin:0px" align=center>3.3</P>
</TD><TD valign=bottom width=595><P style="margin:0px">Certificate of Designation of Series&nbsp;B Preferred Stock (incorporated herein by reference to Exhibit&nbsp;3.2 of the Company&#146;s Current Report on Form&nbsp;8-K, filed with the Commission on December&nbsp;13, 2007)</P>
</TD></TR>
<TR><TD valign=top width=77><P style="margin:0px" align=center>3.3</P>
</TD><TD valign=bottom width=595><P style="margin:0px">Bylaws of the Registrant Incorporation (incorporated herein by reference to Exhibit&nbsp;3.4 of the Company&#146;s Current Report on Form&nbsp;8-K, filed with the Commission on December&nbsp;13, 2007)</P>
</TD></TR>
<TR><TD valign=top width=77><P style="margin:0px" align=center>4.1</P>
</TD><TD valign=bottom width=595><P style="margin:0px">Form&nbsp;of Registrant's common stock certificate (incorporated herein by reference to Exhibit&nbsp;4.1 of the Company&#146;s Current Report on Form&nbsp;8-K, filed with the Commission on December&nbsp;13, 2007)</P>
</TD></TR>
<TR><TD valign=top width=77><P style="margin:0px; color:#0000FF" align=center><A HREF="aebio51.htm"><U>5.1</U></A><FONT style="color:#000000"></FONT></P>
</TD><TD valign=top width=595><P style="margin:0px">Legal Opinion</P>
</TD></TR>
<TR><TD valign=top width=77><P style="margin:0px" align=center>10.1</P>
</TD><TD valign=top width=595><P style="margin:0px">Amended and Restated 2007 Stock Plan (incorporated by reference to the Company&#146;s Definitive Proxy Statement on Schedule 14A, filed with the Commission on April 15, 2008)</P>
</TD></TR>
<TR><TD valign=top width=77><P style="margin:0px" align=center>10.2</P>
</TD><TD valign=top width=595><P style="margin:0px">Form&nbsp;of Option Agreement for use under the Amended and Restated 2007 Stock Plan Plan (incorporated by reference to the Company&#146;s Definitive Proxy Statement on Schedule 14A, filed with the Commission on April&nbsp;15, 2008)</P>
</TD></TR>
<TR><TD valign=top width=77><P style="margin:0px; color:#0000FF" align=center><A HREF="aebio103.htm"><U>10.3</U></A><FONT style="color:#000000"></FONT></P>
</TD><TD valign=top width=595><P style="margin:0px">Form&nbsp;of Restricted Stock Unit Award Agreement for use under the Amended and Restated 2007 Stock Plan</P>
</TD></TR>
<TR><TD valign=top width=77><P style="margin:0px; color:#0000FF" align=center><A HREF="aebio51.htm"><U>23.1</U></A><FONT style="color:#000000"></FONT></P>
</TD><TD valign=top width=595><P style="margin:0px">Consent(contained in Exhibit&nbsp;5.1)</P>
</TD></TR>
<TR><TD valign=top width=77><P style="margin:0px; color:#0000FF" align=center><A HREF="aebio232.htm"><U>23.2</U></A><FONT style="color:#000000"></FONT></P>
</TD><TD valign=top width=595><P style="margin:0px">Consent of BDO Seidman, LLP</P>
</TD></TR>
<TR><TD valign=top width=77><P style="margin:0px; color:#0000FF" align=center><A HREF="#POA"><U>24.1</U></A><FONT style="color:#000000"></FONT></P>
</TD><TD valign=top width=595><P style="margin:0px">Power of Attorney (see Signature Page)</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR>
<BR></P>
<P style="margin:0px" align=center>II-4</P>
<P style="margin:0px"><BR></P>
</BODY>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-5.1
<SEQUENCE>2
<FILENAME>aebio51.htm
<DESCRIPTION>OPINION
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
<HTML>
<HEAD>
<TITLE>United States Securities and Exchange Commission Edgar Filing</TITLE>
<META NAME="author" CONTENT="Parkash Ahuja">
<META NAME="date" CONTENT="05/27/2009">
</HEAD>
<BODY style="line-height:12pt; font-family:Times New Roman; font-size:10pt; color:#000000">
<P style="margin:0px" align=right><B>Exhibit 5.1</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-family:Arial">May 27, 2009</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-family:Arial">AE Biofuels, Inc.</P>
<P style="margin:0px; font-family:Arial">20400 Stevens Creek Blvd., Suite 700</P>
<P style="margin:0px; font-family:Arial">Cupertino, CA 95014</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-family:Arial">Ladies and Gentlemen:</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-family:Arial" align=justify>I am the General Counsel, and Corporate Secretary of AE Biofuels, Inc. (the &#147;Company&#148;) and have assisted with the filing with the Securities and Exchange Commission, under the Securities Act of 1933, as amended (the &#147;Act&#148;), of a registration statement on Form S-8 (the &#147;Registration Statement&#148;) for the purpose of registering the offering and sale of 4,882,410 shares of common stock, par value $0.001 per share, of the Company (the &#147;Shares&#148;), all in accordance with the terms of the Amended and Restated 2007 Stock Plan (the &#147;Plan&#148;). &nbsp;In such capacity, I have examined the Company&#146;s Certificate of Incorporation, as amended, the Bylaws of the Company, the Plan, and such other documents of the Company as I have deemed necessary or appropriate for the purposes of the opinion expressed herein.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-family:Arial" align=justify>Based upon the foregoing, in my opinion the Shares, when issued by the Company and fully paid for in accordance with the provisions of the Plan and any agreement applicable to the Shares, will be validly issued, fully paid and non-assessable.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-family:Arial" align=justify>I consent to the filing of this opinion as an exhibit to the Registration Statement and to the use of my name wherever appearing in the Registration Statement and any amendments thereto.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-family:Arial">Sincerely,</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-family:Arial">/s/ Alisande M. Rozynko</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-family:Arial">Alisande M. Rozynko</P>
<P style="margin:0px; font-family:Arial">General Counsel, and Corporate Secretary</P>
<P style="margin:0px"><BR>
<BR></P>
</BODY>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>3
<FILENAME>aebio103.htm
<DESCRIPTION>AGREEMENT
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
<HTML>
<HEAD>
<TITLE>United States Securities & Exchange Commission EDGAR Filing</TITLE>
<META NAME="date" CONTENT="05/27/2009">
</HEAD>
<BODY style="line-height:12pt; font-family:Times New Roman; font-size:10pt; color:#000000">
<P style="line-height:14pt; margin-top:16px; margin-bottom:0px; font-size:12pt" align=right><B>EXHIBIT 10.3</B></P>
<P style="line-height:14pt; margin-top:16px; margin-bottom:0px; font-size:12pt" align=center><B>AE BIOFUELS, INC.</B></P>
<P style="line-height:14pt; margin-top:16px; margin-bottom:0px; font-size:12pt" align=center><B>2007 STOCK PLAN</B></P>
<P style="line-height:14pt; margin-top:8px; margin-bottom:0px; font-size:12pt" align=center><B>RESTRICTED STOCK UNITS AWARD AGREEMENT</B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="line-height:14pt; margin:0px; text-indent:48px; font-size:12pt" align=justify>Unless otherwise defined herein, the terms defined in the 2007 Stock Plan (the &#147;Plan&#148;) shall have the same defined meanings in this Restricted Stock Units Award Agreement (the &#147;Award Agreement&#148;).</P>
<P style="margin:0px" align=justify><BR></P>
<P style="line-height:14pt; margin-top:0px; margin-bottom:-18.667px; font-size:12pt" align=justify><B>I.</B></P>
<P style="line-height:14pt; margin:0px; text-indent:48px; font-size:12pt" align=justify><B><U>NOTICE OF GRANT</U></B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="line-height:14pt; margin:0px; text-indent:48px; font-size:12pt" align=justify><B>Name:</B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="line-height:14pt; margin:0px; text-indent:48px; font-size:12pt" align=justify><B>Address:</B></P>
<P style="line-height:14pt; margin-top:16px; margin-bottom:0px; text-indent:48px; font-size:12pt" align=justify>The undersigned Participant has been granted the right to receive an Award of Restricted Stock Units, subject to the terms and conditions of the Plan and this Award Agreement, as follows:</P>
<P style="line-height:14pt; margin-top:16px; margin-bottom:-18.667px; text-indent:48px; font-size:12pt">Grant Number</P>
<P style="line-height:14pt; margin:0px; text-indent:288px; font-size:12pt">______________________________</P>
<P style="line-height:14pt; margin-top:12px; margin-bottom:-18.667px; text-indent:48px; font-size:12pt">Date of Grant</P>
<P style="line-height:14pt; margin:0px; text-indent:288px; font-size:12pt">______________________________</P>
<P style="line-height:14pt; margin-top:12px; margin-bottom:-18.667px; text-indent:48px; font-size:12pt">Vesting Commencement Date</P>
<P style="line-height:14pt; margin:0px; text-indent:288px; font-size:12pt">______________________________</P>
<P style="line-height:14pt; margin-top:12px; margin-bottom:-18.667px; text-indent:48px; font-size:12pt">Number of Restricted Stock Units</P>
<P style="line-height:14pt; margin:0px; text-indent:288px; font-size:12pt">______________________________</P>
<P style="line-height:14pt; margin-top:16px; margin-bottom:0px; text-indent:48px; font-size:12pt"><U>Vesting Schedule</U>:</P>
<P style="line-height:14pt; margin-top:16px; margin-bottom:0px; padding-right:2.867px; text-indent:48px; font-size:12pt" align=justify>Subject to any acceleration provisions contained in the Plan or set forth below, this Restricted Stock Unit shall vest in accordance with the following schedule:</P>
<P style="line-height:14pt; margin-top:12px; margin-bottom:0px; text-indent:48px; font-size:12pt" align=justify>[VESTING SCHEDULE.]</P>
<P style="line-height:14pt; margin-top:12px; margin-bottom:0px; text-indent:48px; font-size:12pt" align=justify>In the event Participant ceases to be a Service Provider for any or no reason before Participant vests in the Restricted Stock Unit, the Restricted Stock Unit and Participant&#146;s right to acquire any Shares hereunder will immediately terminate.</P>
<P style="margin:0px"><BR></P>
<P style="line-height:14pt; margin-top:0px; margin-bottom:-18.667px; font-size:12pt"><B>II.</B></P>
<P style="line-height:14pt; margin:0px; text-indent:48px; font-size:12pt"><B><U>AGREEMENT</U></B></P>
<P style="margin:0px" align=justify><BR></P>
<P style="line-height:14pt; margin-top:0px; margin-bottom:-18.667px; text-indent:48px; font-size:12pt" align=justify>1.</P>
<P style="margin-top:0px; margin-bottom:16px; text-indent:96px; font-size:12pt" align=justify><U>Grant</U>. &nbsp;The Company hereby grants to the Participant named in the Notice of Grant<FONT style="font-size:10pt"> </FONT>(the &#147;Participant&#148;) under the Plan an Award of Restricted Stock Units, subject to all of the terms and conditions in this Agreement and the Plan, which is incorporated herein by reference. &nbsp;Subject to Section 18(c) of the Plan, in the event of a conflict between the terms and conditions of the Plan and the terms and conditions of this Agreement, the terms and conditions of the Plan will prevail.</P>
<P style="margin-top:0px; margin-bottom:16px" align=justify><BR>
<BR></P>
<P style="line-height:13.5pt; margin:0px; font-size:11.5pt" align=center>-1-</P>
<P style="margin:0px"><BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="line-height:14pt; margin-top:0px; margin-bottom:-18.667px; text-indent:48px; font-size:12pt; page-break-before:always" align=justify>2.</P>
<P style="margin-top:0px; margin-bottom:16px; text-indent:96px; font-size:12pt" align=justify><U>Company&#146;s Obligation to Pay</U>. &nbsp;Each Restricted Stock Unit represents the right to receive a Share on the date it vests. &nbsp;Unless and until the Restricted Stock Units will have vested in the manner set forth in Section&nbsp;3, Participant will have no right to payment of any such Restricted Stock Units. &nbsp;Prior to actual payment of any vested Restricted Stock Units, such Restricted Stock Unit will represent an unsecured obligation of the Company, payable (if at all) only from the general assets of the Company. &nbsp;</P>
<P style="line-height:14pt; margin-top:0px; margin-bottom:-18.667px; text-indent:48px; font-size:12pt" align=justify>3.</P>
<P style="margin-top:0px; margin-bottom:16px; text-indent:96px; font-size:12pt" align=justify><U>Vesting Schedule</U>. &nbsp;</P>
<P style="line-height:14pt; margin-top:0px; margin-bottom:-18.667px; text-indent:96px; font-size:12pt" align=justify>(a)</P>
<P style="margin-top:0px; margin-bottom:16px; text-indent:144px; font-size:12pt" align=justify><U>General</U>. &nbsp;Subject to Section 3(b), the Restricted Stock Units awarded by this Agreement will vest in accordance with the vesting provisions set forth in the Notice of Grant. &nbsp;Restricted Stock Units<FONT style="font-size:10pt"> </FONT>scheduled to vest on a certain date or upon the occurrence of a certain condition will not vest in Participant in accordance with any of the provisions of this Agreement, unless Participant will have been continuously a Service Provider from the Date of Grant until the date such vesting occurs.</P>
<P style="line-height:14pt; margin-top:0px; margin-bottom:-18.667px; text-indent:96px; font-size:12pt" align=justify>(b)</P>
<P style="margin-top:0px; margin-bottom:16px; text-indent:144px; font-size:12pt" align=justify><U>Administrator Discretion</U>. &nbsp;The Administrator, in its discretion, may accelerate the vesting of the balance, or some lesser portion of the balance, of the unvested Restricted Stock Units at any time, subject to the terms of the Plan. &nbsp;If so accelerated, such Restricted Stock Units will be considered as having vested as of the date specified by the Administrator.</P>
<P style="line-height:14pt; margin-top:0px; margin-bottom:-18.667px; text-indent:48px; font-size:12pt" align=justify>4.</P>
<P style="margin-top:0px; margin-bottom:16px; text-indent:96px; font-size:12pt" align=justify><U>Forfeiture upon Termination of Status as a Service Provider</U>. &nbsp;Notwithstanding any contrary provision of this Agreement, the balance of the Restricted Stock Units that have not vested as of the time of Participant&#146;s termination as a Service Provider for any or no reason and Participant&#146;s right to acquire any Shares hereunder will immediately terminate.</P>
<P style="line-height:14pt; margin-top:0px; margin-bottom:-18.667px; text-indent:48px; font-size:12pt" align=justify>5.</P>
<P style="margin-top:0px; margin-bottom:16px; text-indent:96px; font-size:12pt" align=justify><U>Payment After Vesting</U>.</P>
<P style="line-height:14pt; margin-top:0px; margin-bottom:-18.667px; text-indent:96px; font-size:12pt" align=justify>(a)</P>
<P style="margin-top:0px; margin-bottom:16px; text-indent:144px; font-size:12pt" align=justify><U>In General</U>. &nbsp;Any Restricted Stock Units that vest in accordance with Section 3 will be paid to Participant (or in the event of Participant&#146;s death, as set forth in Section 5(c)) in whole Shares, subject to Participant satisfying any applicable tax withholding obligations as set forth in Section 6. &nbsp;Subject to the provisions of Section 5(b), such vested Restricted Stock Units shall be paid in Shares as soon as practicable after vesting, but in each such case within the period ending no later than the date that is two and one half (2&#189;) months from the end of the Company&#146;s tax year that includes the vesting date.</P>
<P style="line-height:14pt; margin-top:0px; margin-bottom:-18.667px; text-indent:96px; font-size:12pt" align=justify>(b)</P>
<P style="margin-top:0px; margin-bottom:16px; text-indent:144px; font-size:12pt" align=justify><U>Code Section 409A</U>. &nbsp;Notwithstanding anything in the Plan or this Agreement to the contrary, if the vesting of the balance, or some lesser portion of the balance, of the Restricted Stock Units is accelerated in connection with Participant&#146;s termination as a Service Provider (provided that such termination is a &#147;separation from service&#148; within the meaning of Section 409A, as determined by the Company), other than due to death<B>,</B> and if (x) Participant is &nbsp;a &#147;specified employee&#148; within the meaning of Section 409A at the time of such termination, and (y) the payment of such accelerated Restricted Stock Units will result in the imposition of additional tax under Section&nbsp;409A if paid to Participant on or within the six (6) month period following Participant&#146;s termination, then the payment of such accelerated Restricted Stock Units will not be made until the date si
x (6) months and one (1) day following </P>
<P style="margin-top:0px; margin-bottom:16px" align=justify><BR>
<BR></P>
<P style="line-height:13.5pt; margin:0px; font-size:11.5pt" align=center>-2-</P>
<P style="margin:0px"><BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin-top:0px; margin-bottom:16px; font-size:12pt; page-break-before:always" align=justify>the date of Participant&#146;s termination, unless the Participant dies following his or her termination, in which case the Restricted Stock Units will be paid in Shares to the Participant&#146;s estate as soon as practicable following his or her death. &nbsp;<A NAME="OLE_LINK6"></A><A NAME="OLE_LINK5"></A>It is the intent of this Agreement to comply with the requirements of Section 409A so that none of the Restricted Stock Units provided under this Agreement or Shares issuable thereunder will be subject to the additional tax imposed under Section 409A, and any ambiguities herein will be interpreted to so comply. &nbsp;For purposes of this Agreement, &#147;Section 409A&#148; means Section 409A of the Code, and any proposed, temporary or final Treasury Regulations and Internal Revenue Service guidance thereunder, as each may be amended from time to time.</P>
<P style="line-height:14pt; margin-top:0px; margin-bottom:-18.667px; text-indent:96px; font-size:12pt" align=justify>(c)</P>
<P style="margin-top:0px; margin-bottom:16px; text-indent:144px; font-size:12pt" align=justify><U>Death of Participant</U>. &nbsp;Any distribution or delivery to be made to Participant under this Agreement will, if Participant is then deceased, be made to Participant&#146;s designated beneficiary, or if no beneficiary survives Participant, the administrator or executor of Participant&#146;s estate. &nbsp;Any such transferee must furnish the Company with (a)&nbsp;written notice of his or her status as transferee, and (b)&nbsp;evidence satisfactory to the Company to establish the validity of the transfer and compliance with any laws or regulations pertaining to said transfer.</P>
<P style="line-height:14pt; margin-top:0px; margin-bottom:-18.667px; text-indent:48px; font-size:12pt" align=justify>6.</P>
<P style="margin-top:0px; margin-bottom:16px; text-indent:96px; font-size:12pt" align=justify><U>Withholding of Taxes</U>. &nbsp;Notwithstanding any contrary provision of this Agreement, no certificate representing the Shares will be issued to Participant, unless and until satisfactory arrangements (as determined by the Administrator) will have been made by Participant with respect to the payment of income, employment and other taxes which the Company determines must be withheld with respect to such Shares. &nbsp;The Administrator, in its sole discretion and pursuant to such procedures as it may specify from time to time, may permit Participant to satisfy such tax withholding obligation, in whole or in part by one or more of the following (without limitation): (a)&nbsp;paying cash, (b)&nbsp;electing to have the Company withhold otherwise deliverable Shares having a Fair Market Value equal to the minimum amount required to be withheld, (c)&nbsp;delivering to the Company already vested and owned Shares having 
a Fair Market Value equal to the minimum amount required to be withheld, or (d)&nbsp;selling a sufficient number of such Shares otherwise deliverable to Participant through such means as the Company may determine in its sole discretion (whether through a broker or otherwise) equal to the minimum amount required to be withheld.<FONT style="font-size:10pt"> &nbsp;</FONT>To the extent determined appropriate by the Company in its discretion, it will have the right (but not the obligation) to satisfy any tax withholding obligations by reducing the number of Shares otherwise deliverable to Participant. &nbsp;&nbsp;&nbsp;If Participant fails to make satisfactory arrangements for the payment of any required tax withholding obligations hereunder at the time any applicable Restricted Stock Units otherwise are scheduled to vest pursuant to Section 3, Participant will permanently forfeit such Restricted Stock Units and any right to receive Shares thereunder and the Restricted Stock Units will be returned to the Company 
at no cost to the Company.</P>
<P style="line-height:14pt; margin-top:0px; margin-bottom:-18.667px; text-indent:48px; font-size:12pt" align=justify>7.</P>
<P style="margin-top:0px; margin-bottom:16px; text-indent:96px; font-size:12pt" align=justify><U>Rights as Stockholder</U>. &nbsp;Neither Participant nor any person claiming under or through Participant will have any of the rights or privileges of a stockholder of the Company in respect of any Shares deliverable hereunder unless and until certificates representing such Shares will have been issued, recorded on the records of the Company or its transfer agents or registrars, and delivered to Participant. &nbsp;After such issuance, recordation and delivery, Participant will have all the rights of a stockholder of the Company with respect to voting such Shares and receipt of dividends and distributions on such Shares.</P>
<P style="margin-top:0px; margin-bottom:16px" align=justify><BR>
<BR></P>
<P style="line-height:13.5pt; margin:0px; font-size:11.5pt" align=center>-3-</P>
<P style="margin:0px"><BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="line-height:14pt; margin-top:0px; margin-bottom:-18.667px; text-indent:48px; font-size:12pt; page-break-before:always" align=justify>8.</P>
<P style="margin-top:0px; margin-bottom:16px; text-indent:96px; font-size:12pt" align=justify><U>No Guarantee of Continued Service</U>. &nbsp;PARTICIPANT ACKNOWLEDGES AND AGREES THAT THE VESTING OF THE RESTRICTED STOCK UNITS PURSUANT TO THE VESTING SCHEDULE HEREOF IS EARNED ONLY BY CONTINUING AS A SERVICE PROVIDER AT THE WILL OF THE COMPANY (OR THE PARENT OR SUBSIDIARY EMPLOYING OR RETAINING PARTICIPANT) AND NOT THROUGH THE ACT OF BEING HIRED, BEING GRANTED THIS AWARD OF RESTRICTED STOCK UNITS OR ACQUIRING SHARES HEREUNDER. &nbsp;PARTICIPANT FURTHER ACKNOWLEDGES AND AGREES THAT THIS AGREEMENT, THE TRANSACTIONS CONTEMPLATED HEREUNDER AND THE VESTING SCHEDULE SET FORTH HEREIN DO NOT CONSTITUTE AN EXPRESS OR IMPLIED PROMISE OF CONTINUED ENGAGEMENT AS A SERVICE PROVIDER FOR THE VESTING PERIOD, FOR ANY PERIOD, OR AT ALL, AND WILL NOT INTERFERE IN ANY WAY WITH PARTICIPANT&#146;S RIGHT OR THE RIGHT OF THE COMPANY (OR THE PARENT OR SUBSIDIARY EMPLOYING OR RETAINING PARTICIPANT) TO TERMINATE PARTICIPANT&#146;S RELATI
ONSHIP AS A SERVICE PROVIDER AT ANY TIME, WITH OR WITHOUT CAUSE.</P>
<P style="line-height:14pt; margin-top:0px; margin-bottom:-18.667px; text-indent:48px; font-size:12pt" align=justify>9.</P>
<P style="margin-top:0px; margin-bottom:16px; text-indent:96px; font-size:12pt" align=justify><U>Award is Not Transferable</U>. &nbsp;Except to the limited extent provided in Section&nbsp;5(c), this Award and the rights and privileges conferred hereby will not be transferred, assigned, pledged or hypothecated in any way (whether by operation of law or otherwise) and will not be subject to sale under execution, attachment or similar process. &nbsp;Upon any attempt to transfer, assign, pledge, hypothecate or otherwise dispose of this Award, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar process, this Award and the rights and privileges conferred hereby immediately will become null and void.</P>
<P style="line-height:14pt; margin-top:0px; margin-bottom:-18.667px; text-indent:48px; font-size:12pt" align=justify>10.</P>
<P style="margin-top:0px; margin-bottom:16px; text-indent:96px; font-size:12pt" align=justify><U>Binding Agreement</U>. &nbsp;Subject to the limitation on the transferability of this Award contained herein, this Agreement will be binding upon and inure to the benefit of the heirs, legatees, legal representatives, successors and assigns of the parties hereto.</P>
<P style="line-height:14pt; margin-top:0px; margin-bottom:-18.667px; text-indent:48px; font-size:12pt" align=justify>11.</P>
<P style="margin-top:0px; margin-bottom:16px; text-indent:96px; font-size:12pt" align=justify><U>Additional Conditions to Issuance of Stock</U>. &nbsp;If at any time the Company will determine, in its discretion, that the listing, registration or qualification of the Shares upon any securities exchange or under any state or federal law, or the consent or approval of any governmental regulatory authority is necessary or desirable as a condition to the issuance of Shares to Participant (or his or her estate), such issuance will not occur unless and until such listing, registration, qualification, consent or approval will have been effected or obtained free of any conditions not acceptable to the Company. &nbsp;Where the Company determines that the delivery of the payment of any Shares will violate federal securities laws or other applicable laws, the Company will defer delivery until the earliest date at which the Company reasonably anticipates that the delivery of Shares will no longer cause such violation. &
nbsp;The Company will make all reasonable efforts to meet the requirements of any such state or federal law or securities exchange and to obtain any such consent or approval of any such governmental authority. &nbsp;</P>
<P style="line-height:14pt; margin-top:0px; margin-bottom:-18.667px; text-indent:48px; font-size:12pt" align=justify>12.</P>
<P style="margin-top:0px; margin-bottom:16px; text-indent:96px; font-size:12pt" align=justify><U>Administrator Authority</U>. &nbsp;The Administrator will have the power to interpret the Plan and this Agreement and to adopt such rules for the administration, interpretation and application of the Plan as are consistent therewith and to interpret or revoke any such rules (including, but not limited to, the determination of whether or not any Restricted Stock Units </P>
<P style="margin-top:0px; margin-bottom:16px" align=justify><BR>
<BR></P>
<P style="line-height:13.5pt; margin:0px; font-size:11.5pt" align=center>-4-</P>
<P style="margin:0px"><BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin-top:0px; margin-bottom:16px; font-size:12pt; page-break-before:always" align=justify>have vested). &nbsp;All actions taken and all interpretations and determinations made by the Administrator in good faith will be final and binding upon Participant, the Company and all other interested persons. &nbsp;No member of the Administrator will be personally liable for any action, determination or interpretation made in good faith with respect to the Plan or this Agreement.</P>
<P style="line-height:14pt; margin-top:0px; margin-bottom:-18.667px; text-indent:48px; font-size:12pt" align=justify>13.</P>
<P style="margin-top:0px; margin-bottom:16px; text-indent:96px; font-size:12pt" align=justify><U>Electronic Delivery</U>. &nbsp;The Company may, in its sole discretion, decide to deliver any documents related to Restricted Stock Units awarded under the Plan or future Restricted Stock Units that may be awarded under the Plan by electronic means or request Participant&#146;s consent to participate in the Plan by electronic means. &nbsp;Participant hereby consents to receive such documents by electronic delivery and agrees to participate in the Plan through any on-line or electronic system established and maintained by the Company or another third party designated by the Company.</P>
<P style="line-height:14pt; margin-top:0px; margin-bottom:-18.667px; text-indent:48px; font-size:12pt" align=justify>14.</P>
<P style="margin-top:0px; margin-bottom:16px; text-indent:96px; font-size:12pt" align=justify><U>Severability</U>. &nbsp;In the event that any provision in this Agreement will be held invalid or unenforceable, such provision will be severable from, and such invalidity or unenforceability will not be construed to have any effect on, the remaining provisions of this Agreement.</P>
<P style="line-height:14pt; margin-top:0px; margin-bottom:-18.667px; text-indent:48px; font-size:12pt" align=justify>15.</P>
<P style="margin:0px; text-indent:96px; font-size:12pt" align=justify><U>Entire Agreement; Governing Law</U>. &nbsp;The Plan is incorporated herein by reference. &nbsp;The Plan and this Award Agreement constitute the entire agreement of the parties with respect to the subject matter hereof and supersede in their entirety all prior undertakings and agreements of the Company and Participant with respect to the subject matter hereof, and may not be modified adversely to the Participant&#146;s interest except by means of a writing signed by the Company and Participant. &nbsp;Notwithstanding anything to the contrary in the Plan or this Agreement, the Company reserves the right to revise this Agreement as it deems necessary or advisable, in its sole discretion and without the consent of Participant, to comply with Section 409A or to otherwise avoid imposition of any additional tax or income recognition under Section 409A in connection to this Award of Restricted Stock Units. &nbsp;This agreement is governed by the
 internal substantive laws, but not the choice of law rules, of California.</P>
<P style="margin-top:0px; margin-bottom:5.333px"><BR></P>
<P style="line-height:14pt; margin-top:0px; margin-bottom:8px; text-indent:48px; font-size:12pt" align=justify>Participant acknowledges receipt of a copy of the Plan and represents that he or she is familiar with the terms and provisions thereof, and hereby accepts this Award of Restricted Stock Units subject to all of the terms and provisions thereof. &nbsp;Participant has reviewed the Plan and this Agreement in their entirety, has had an opportunity to obtain the advice of counsel prior to executing this Agreement and fully understands all provisions of this Agreement. &nbsp;Participant hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the Administrator upon any questions arising under the Plan or this Agreement. &nbsp;Participant further agrees to notify the Company upon any change in the residence address indicated below.</P>
<P style="margin-top:0px; margin-bottom:8px" align=justify><BR>
<BR></P>
<P style="line-height:13.5pt; margin:0px; font-size:11.5pt" align=center>-5-</P>
<P style="margin:0px"><BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin-top:0px; margin-bottom:8px; page-break-before:always" align=justify><BR>
<BR></P>
<TABLE style="font-size:10pt" cellspacing=0 align=center><TR height=0 style="font-size:0"><TD width=297.933></TD><TD width=28.133></TD><TD width=297.933></TD></TR>
<TR><TD valign=top width=297.933><P style="line-height:14pt; margin:0px; font-size:12pt">PARTICIPANT</P>
</TD><TD valign=top width=28.133><P style="margin:0px; font-size:12pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=top width=297.933><P style="line-height:14pt; margin:0px; font-size:12pt">AE BIOFUELS, INC.</P>
</TD></TR>
<TR><TD valign=top width=297.933><P style="margin:0px; font-size:12pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD><TD valign=top width=28.133><P>&nbsp;</P></TD><TD valign=top width=297.933><P style="margin:0px; font-size:12pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
</TD></TR>
<TR><TD valign=top width=297.933><P>&nbsp;</P></TD><TD valign=top width=28.133><P>&nbsp;</P></TD><TD valign=top width=297.933><P>&nbsp;</P></TD></TR>
<TR><TD style="border-bottom:1px solid #000000" valign=top width=297.933><P>&nbsp;</P></TD><TD valign=top width=28.133><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=top width=297.933><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=297.933><P style="line-height:14pt; margin:0px; font-size:12pt">Signature</P>
</TD><TD valign=top width=28.133><P>&nbsp;</P></TD><TD valign=top width=297.933><P style="line-height:14pt; margin:0px; font-size:12pt">By</P>
</TD></TR>
<TR><TD valign=top width=297.933><P>&nbsp;</P></TD><TD valign=top width=28.133><P>&nbsp;</P></TD><TD valign=top width=297.933><P>&nbsp;</P></TD></TR>
<TR><TD style="border-bottom:1px solid #000000" valign=top width=297.933><P>&nbsp;</P></TD><TD valign=top width=28.133><P>&nbsp;</P></TD><TD style="border-bottom:1px solid #000000" valign=top width=297.933><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=297.933><P style="line-height:14pt; margin:0px; font-size:12pt">Print Name</P>
</TD><TD valign=top width=28.133><P>&nbsp;</P></TD><TD valign=top width=297.933><P style="line-height:14pt; margin:0px; font-size:12pt">Title</P>
</TD></TR>
<TR><TD valign=top width=297.933><P>&nbsp;</P></TD><TD valign=top width=28.133><P>&nbsp;</P></TD><TD valign=top width=297.933><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=297.933><P style="line-height:14pt; margin:0px; font-size:12pt"><U>Address</U>:</P>
</TD><TD valign=top width=28.133><P>&nbsp;</P></TD><TD valign=top width=297.933><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=297.933><P>&nbsp;</P></TD><TD valign=top width=28.133><P>&nbsp;</P></TD><TD valign=top width=297.933><P>&nbsp;</P></TD></TR>
<TR><TD style="border-bottom:1px solid #000000" valign=top width=297.933><P>&nbsp;</P></TD><TD valign=top width=28.133><P>&nbsp;</P></TD><TD valign=top width=297.933><P>&nbsp;</P></TD></TR>
<TR><TD valign=top width=297.933><P>&nbsp;</P></TD><TD valign=top width=28.133><P>&nbsp;</P></TD><TD valign=top width=297.933><P>&nbsp;</P></TD></TR>
<TR><TD style="border-bottom:1px solid #000000" valign=top width=297.933><P>&nbsp;</P></TD><TD valign=top width=28.133><P>&nbsp;</P></TD><TD valign=top width=297.933><P>&nbsp;</P></TD></TR>
</TABLE>
<P style="margin-top:0px; margin-bottom:16px" align=justify><BR></P>
<P style="margin-top:0px; margin-bottom:16px" align=justify><BR>
<BR></P>
<P style="line-height:13.5pt; margin:0px; font-size:11.5pt" align=center>-6-</P>
<P style="margin:0px"><BR></P>
</BODY>
<!-- EDGAR Validation Code: D6C801E0 -->
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-23.2
<SEQUENCE>4
<FILENAME>aebio232.htm
<DESCRIPTION>CONSENT
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
<HTML>
<HEAD>
<TITLE>United States Securities & Exchange Commission EDGAR Filing</TITLE>
<META NAME="author" CONTENT="Hazel S. Kalos">
<META NAME="date" CONTENT="05/27/2009">
</HEAD>
<BODY style="line-height:12pt; font-family:Times New Roman; font-size:10pt; color:#000000">
<P style="margin-top:13.333px; margin-bottom:0px; font-family:Arial" align=right>Exhibit 23.2</P>
<P style="margin-top:13.333px; margin-bottom:0px" align=justify><BR></P>
<A NAME="Address"></A><TABLE style="font-size:10pt" cellspacing=0 align=center><TR height=0 style="font-size:0"><TD width=435.333></TD><TD width=164.667></TD></TR>
<TR><TD valign=top width=435.333><P style="margin:0px"><img src="aebio232001.jpg" alt="[aebio232001.jpg]" align=middle height=40.333 width=264></P>
</TD><TD valign=top width=164.667><P style="line-height:10pt; margin:0px; font-size:8pt; color:#00007F">50 West San Fernando St., Suite 200</P>
<P style="line-height:10pt; margin:0px; font-size:8pt; color:#00007F">San Jose, California 95113</P>
<P style="line-height:10pt; margin:0px; font-size:8pt; color:#00007F">Telephone: 408-278-0220</P>
<P style="line-height:10pt; margin:0px; font-size:8pt; color:#00007F">Fax: 408-278-0230</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-family:Arial" align=center><U>Consent of Independent Registered Public Accounting Firm</U></P>
<P style="margin-top:13.333px; margin-bottom:0px" align=justify><BR></P>
<P style="margin:0px; font-family:Arial" align=justify>AE Biofuels, Inc.</P>
<P style="margin:0px; font-family:Arial" align=justify>Cupertino, California</P>
<P style="margin-top:13.333px; margin-bottom:0px; font-family:Arial" align=justify>We hereby consent to the incorporation by reference in the Prospectus constituting a part of this Registration Statement of our reports dated May 15, 2009, relating to the consolidated financial statements and the effectiveness of AE Biofuels, Inc.&#146;s internal control over financial reporting appearing in the Company&#146;s Annual Report on Form 10-K for the year ended December 31, 2008. Our report contains an explanatory paragraph regarding the Company&#146;s ability to continue as a going concern.</P>
<P style="margin-top:13.333px; margin-bottom:0px" align=justify><BR></P>
<P style="margin:0px; font-family:Arial" align=justify>/s/ BDO Seidman, LLP</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px; font-family:Arial" align=justify>San Jose, California</P>
<P style="margin-top:13.333px; margin-bottom:0px; font-family:Arial" align=justify>May 28, 2009</P>
<P style="margin-top:13.333px; margin-bottom:0px" align=justify><BR></P>
<P style="margin-top:13.333px; margin-bottom:0px" align=justify><BR>
<BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
</BODY>
<!-- EDGAR Validation Code: F6CF8F38 -->
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</TEXT>
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<TYPE>GRAPHIC
<SEQUENCE>5
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`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
