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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0001116502-09-001564.txt : 20091013
<SEC-HEADER>0001116502-09-001564.hdr.sgml : 20091012
<ACCEPTANCE-DATETIME>20091013164950
ACCESSION NUMBER:		0001116502-09-001564
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20091007
ITEM INFORMATION:		Triggering Events That Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
FILED AS OF DATE:		20091013
DATE AS OF CHANGE:		20091013

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:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-51354
		FILM NUMBER:		091117411

	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>8-K
<SEQUENCE>1
<FILENAME>aebf_8k.htm
<DESCRIPTION>CURRENT REPORT
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
<HTML>
<HEAD>
<TITLE>AE BIOFUELS, INC.</TITLE>
<META NAME="author" CONTENT="offyxsystemuser">
<META NAME="date" CONTENT="10/13/2009">
</HEAD>
<BODY style="line-height:12pt; font-family:Times New Roman; font-size:10pt; color:#000000">
<P style="margin:0px" align=center><BR></P>
<P style="margin-top:0px; margin-bottom:2.2px; padding-bottom:4px; border-bottom:4px solid #000000" align=right>&nbsp;</P>
<P style="margin:0px; padding-top:4px; border-top:1.333px solid #000000" align=right>&nbsp;</P>
<P style="line-height:14pt; margin:0px; font-size:12pt" align=center><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B></P>
<P style="line-height:14pt; margin:0px; font-size:12pt" align=center><B>Washington, D.C. 20549</B></P>
<P style="line-height:12.5pt; margin-top:3.533px; margin-bottom:3.533px; font-size:10.5pt" align=center><B><SUP>______________</SUP></B></P>
<P style="line-height:18pt; margin-top:14.2px; margin-bottom:0px; font-size:16pt" align=center><B>FORM 8-K</B></P>
<P style="line-height:12.5pt; margin-top:3.533px; margin-bottom:17.533px; font-size:10.5pt" align=center><B><SUP>______________</SUP></B></P>
<P style="margin-top:0px; margin-bottom:6.667px" align=center><B>CURRENT REPORT</B></P>
<P style="margin:0px" align=center><B>Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</B></P>
<P style="margin-top:17.8px; margin-bottom:0px" align=center>Date of Report (Date of earliest event reported):<B>&nbsp;&nbsp;October&nbsp;7, 2009</B></P>
<P style="line-height:12.5pt; margin-top:3.533px; margin-bottom:3.533px; font-size:10.5pt" align=center><B><SUP>______________</SUP></B></P>
<P style="line-height:20pt; margin-top:12px; margin-bottom: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="line-height:12.5pt; margin-top:3.533px; margin-bottom:17.533px; font-size:10.5pt" align=center><B><SUP>______________</SUP></B></P>
<TABLE style="font-size:10pt" cellspacing=0 align=center><TR height=0 style="font-size:0"><TD width=208.867></TD><TD width=204.067></TD><TD width=211.067></TD></TR>
<TR><TD valign=bottom width=208.867><P style="margin:0px" align=center><B>Nevada</B></P>
</TD><TD valign=bottom width=204.067><P style="margin:0px" align=center><B>000-51354</B></P>
</TD><TD valign=bottom width=211.067><P style="margin:0px" align=center><B>26-1407544</B></P>
</TD></TR>
<TR><TD valign=bottom width=208.867><P style="line-height:10pt; margin:0px; font-size:8pt" align=center><I>(State or Other Jurisdiction<BR>
of Incorporation)</I></P>
</TD><TD valign=bottom width=204.067><P style="line-height:10pt; margin:0px; font-size:8pt" align=center><I>(Commission<BR>
File Number)</I></P>
</TD><TD valign=bottom width=211.067><P style="line-height:10pt; margin:0px; font-size:8pt" align=center><I>(I.R.S. Employer<BR>
Identification No.)</I></P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center><B>20400 Stevens Creek Blvd., Suite 700</B></P>
<P style="margin:0px" align=center><B>Cupertino, California 95014</B></P>
<P style="line-height:10pt; margin-top:0px; margin-bottom:10.667px; font-size:8pt" align=center><I>(Address of Principal Executive Office) (Zip Code)</I></P>
<P style="margin:0px" align=center><B>(408)&nbsp;213-0940</B></P>
<P style="line-height:10pt; margin-top:0px; margin-bottom:10.667px; font-size:8pt" align=center><I>(Registrant&#146;s telephone number, including area code)</I></P>
<P style="margin:0px" align=center><B>N/A</B></P>
<P style="line-height:10pt; margin-top:0px; margin-bottom:16px; font-size:8pt" align=center><I>(Former name or former address, if changed since last report)</I></P>
<P style="margin-top:0px; margin-bottom:13.333px">Check the appropriate box below if the Form&nbsp;8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:24px; text-indent:-24px; font-family:Wingdings">&#168;</P>
<P style="margin-top:0px; margin-bottom:6.667px; padding-left:24px">Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425)</P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:24px; text-indent:-24px; font-family:Wingdings">&#168;</P>
<P style="margin-top:0px; margin-bottom:6.667px; padding-left:24px">Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:24px; text-indent:-24px; font-family:Wingdings">&#168;</P>
<P style="margin-top:0px; margin-bottom:6.667px; padding-left:24px">Pre-commencement communications pursuant to Rule&nbsp;14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:24px; text-indent:-24px; font-family:Wingdings">&#168;</P>
<P style="margin-top:0px; margin-bottom:6.667px; padding-left:24px">Pre-commencement communications pursuant to Rule&nbsp;13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</P>
<P style="margin-top:0px; margin-bottom:2.2px; padding-bottom:4px; border-bottom:1.333px solid #000000">&nbsp;</P>
<P style="margin:0px; padding-top:4px; border-top:4px solid #000000">&nbsp;</P>
<A NAME="part_1_2_1"></A><P style="margin-top:0px; margin-bottom:8.867px"><BR></P>
<P style="margin-top:0px; margin-bottom:8.867px"><BR>
<BR></P>
<HR style="margin-top:9.6px; margin-bottom:9.6px" noshade size=1.333>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:72px; text-indent:-72px; page-break-before:always"><B>Item 5.02</B></P>
<P style="margin-top:0px; margin-bottom:8.867px; padding-left:72px"><B>Appointment of Certain Officers; Compensatory Arrangements of Certain Officers</B></P>
<P style="margin-top:0px; margin-bottom:8.867px"><B>Appointment of Sanjeev Gupta as Executive Vice President of AE Biofuels, Inc. </B></P>
<P style="margin:0px; text-indent:48px">On October&nbsp;9, 2009, AE Biofuels, Inc. (the &#147;Company&#148;) appointed Sanjeev Gupta, 49, to the office of Executive Vice President of the Company. Mr.&nbsp;Gupta joined AE Biofuels, Inc. in September&nbsp;2007 as an executive with the Company&#146;s marketing subsidiary, Biofuels Marketing, Inc. and managed the completion of construction of the Company&#146;s biodiesel production facility in Kakinada, India. Mr.&nbsp;Gupta is currently serving as the Managing Director, Chairman and President of the Company&#146;s wholly-owned Indian biodiesel subsidiary, Universal Biofuels Private, Ltd. (&#147;UBPL&#148;). From 1997 to 2006, Mr.&nbsp;Gupta was in charge of CIG, a petrochemical trading company, with approximately $250&nbsp;million of annual revenues and offices on several continents, primarily trading products between second and first world sources. Previously, Mr.&nbsp;Gupta was the General Manager of International Marketing for Britannia Industries, a subsidi
ary of Nabisco Brands, in India. Mr.&nbsp;Gupta received an MBA from the Faculty of Management Studies, University of Delhi and holds a Bachelors of Science (honors) from University of Delhi. </P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:-16px; padding-left:72px; text-indent:-72px"><B>Item 2.04</B></P>
<P style="margin-top:0px; margin-bottom:8.867px; padding-left:72px"><B>Triggering Events that Accelerate or Increase a Direct Financial Obligation</B></P>
<P style="margin-top:0px; margin-bottom:13.333px; text-indent:48px">On October&nbsp;7, 2009, UBPL received a <A NAME="jump_exp_1"></A>demand notice from the State Bank of India under the Agreement of Loan for Overall Limit dated as of June&nbsp;26, 2008. The notice informs UBPL that an event of default has occurred for failure to make an installment payment on the loan due in June 2009 and demands repayment of the entire outstanding indebtedness of 19.60 crores (approximately $4&nbsp;million) together with all accrued interest thereon and any applicable fees and expenses by October&nbsp;10, 2009. Upon the occurrence and during the continuance of an Event of Default, interest accrues at the default interest rate of 2% above the State Bank of India Advance Rate pursuant to the Agreement of Loan for Overall Limit.<A NAME="part_1_2_3"></A> If the entire principal and interest amount of indebtedness under the loan was paid in full, we estimate that the amount would be approximately $4.1&nbsp;million. &nbsp;Intere
st continues to accrue at the default rate in the amount of approximately $48,000 per month during the continuance of default. </P>
<P style="margin-top:0px; margin-bottom:8.867px"><BR></P>
<P style="margin-top:0px; margin-bottom:20px" align=center><BR>
<BR></P>
<P style="margin:0px" 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:20px; page-break-before:always" align=center><B>SIGNATURES</B></P>
<P style="margin-top:0px; margin-bottom:20px; text-indent:52.8px">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>
<P style="margin-top:0px; margin-bottom:13.333px">Dated: October&nbsp;13, 2009</P>
<TABLE style="font-size:10pt" cellspacing=0 align=center><TR height=0 style="font-size:0"><TD width=350></TD><TD width=37.533></TD><TD width=236.467></TD></TR>
<TR><TD valign=bottom width=350><P style="margin:0px">&nbsp;</P>
</TD><TD valign=bottom width=274 colspan=2><P style="margin:0px"><B>AE BIOFUELS, INC.&nbsp;</B></P>
</TD></TR>
<TR><TD valign=bottom width=350><P style="margin:0px">&nbsp;</P>
</TD><TD valign=bottom width=37.533><P style="margin:0px">&nbsp;</P>
</TD><TD valign=bottom width=236.467><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=350><P style="margin:0px">&nbsp;</P>
</TD><TD valign=bottom width=37.533><P style="margin:0px">&nbsp;</P>
</TD><TD valign=bottom width=236.467><P style="margin:0px">&nbsp;</P>
</TD></TR>
<TR><TD valign=bottom width=350><P style="margin:0px">&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;&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=bottom width=37.533><P style="margin:0px">By: </P>
</TD><TD style="border-bottom:1px solid #000000" valign=bottom width=236.467><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></TR>
<TR><TD valign=bottom width=350><P style="margin:0px">&nbsp;</P>
</TD><TD valign=bottom width=37.533><P style="margin:0px">&nbsp;</P>
</TD><TD valign=bottom width=236.467><P style="margin:0px">Scott A. Janssen</P>
<P style="margin:0px">Chief Financial Officer</P>
</TD><A NAME="doc_1_2"></A></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR>
<BR></P>
<P style="margin:0px" align=center>3</P>
<P style="margin:0px"><BR></P>
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