Attached files
| file | filename |
|---|---|
| EX-10.1 - Bluefire Renewables, Inc. | v205907_ex10-1.htm |
| EX-99.1 - Bluefire Renewables, Inc. | v205907_ex99-1.htm |
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of
The
Securities Exchange Act of 1934
Date of
Report (Date of earliest event reported): December 14,
2010
BLUEFIRE
RENEWABLES, INC.
(Exact
name of registrant as specified in its charter)
|
Nevada
|
000-52361
|
20-4590982
|
|
(State
or other Jurisdiction
of
Incorporation)
|
(Commission
File Number)
|
(IRS
Employer Identification No.)
|
31
Musick
Irvine,
CA 92618
(Address
of principal executive offices)
(949)
588-3767
(Telephone
number, including area code)
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2. below):
|
¨
|
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
|
|
¨
|
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|
|
¨
|
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
|
|
¨
|
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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Item
1.01 Entry into a Material Definitive Agreement.
On
December 15, 2010, Bluefire Renewables, Inc. (the “Company”), entered into a
loan agreement (the “Loan Agreement”) by and between Arnold Klann, the Chief
Executive Officer, Chairman of the board of directors and majority shareholder
of the Company, as lender (the “Lender”), and the Company, as
borrower.
Pursuant
to the Loan Agreement, the Lender agreed to advance to the Company a principal
amount of Two Hundred Thousand United States Dollars (US$200,000) (the
“Loan”). The Loan Agreement requires the Company to (i) pay to the
Lender a one-time amount equal to fifteen percent (15%) of the Loan (the “Fee
Amount”) in cash or shares of the Company’s common stock at a value of $0.50 per
share, at the Lender’s option; and (ii) issue the Lender warrants allowing the
Lender to buy 500,000 common shares of the Company at an exercise price of $0.50
per common share, such warrants to expire on December 15, 2013.
The
Company has promised to pay in full the outstanding principal balance of any and
all amounts due under the Loan Agreement within thirty (30) days of the
Company’s receipt of investment financing or a commitment from a third party to
provide One Million United States Dollars (US$1,000,000) to the Company or one
of its subsidiaries (the “Due Date”), to be paid in cash or shares of the
Company’s common stock, at the Lender’s option.
Item
5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
Resignation
of Director
On
December 14, 2010, Victor Doolan resigned from his position on the board of
directors of BlueFire Renewables, Inc. (the “Company”). His
resignation was not the result of any disagreements with the Company on any
matters relating to the Company’s operations, policies or practices. A copy of
Mr. Doolan’s resignation letter is attached hereto as Exhibit 99.1 and
incorporated herein in its entirety by reference.
Item
9.01 Financial Statements and Exhibits.
(d)
Exhibits
|
Exhibit
No.
|
Description
|
| 10.1 |
Loan
Agreement, dated December 15, 2010
|
|
99.1
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Resignation
Letter of Vic Doolan, dated as of December 14,
2010.
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SIGNATURES
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 thereunto
duly authorized.
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Dated:
December 20, 2010
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BLUEFIRE
ETHANOL FUELS, INC.
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||
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By:
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/s/ Arnold R.
Klann
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Arnold
R. Klann
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Chief
Executive Officer
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