ITEM 1.01. Entry into a Material Definitive Agreement.

On February 24, 2009 Bluefire Ethanol Fuels, Inc. (the "Company") entered into a Revolving Line of Credit (the "Line of Credit") with Arkenol, Inc. (the "Lender") a related party.

The Line of Credit is for a maximum principal amount of five hundred seventy thousand ($570,000) dollars with an annual interest rate of six (6%) percent compounded annually and paid quarterly. The Company may from time to time in its sole discretion draw down up to the maximum five hundred seventy thousand ($570,000) dollars.

The Company has promised to pay in full the outstanding principal balance of any amounts due under the Line of Credit within thirty (30) days of the Company's receipt of investment financing, in the amount of at least two million ($2,000,000) dollars. The financing must provide for at least one million five hundred thousand ($1,500,000) dollars for general working capital and/or general corporate purposes. The Lender at its option may require all outstanding sums due on the Line of Credit to become immediately due and payable as a condition precedent to any transaction effecting a change of control of the Company. Any monies not paid within thirty (30) days of the due date will be subject to a late charge in the amount of ten (10%) of the entire remaining unpaid balance at the time of delinquency under the Line of Credit.

The Company's Chief Executive Officer, Chairman of the Board of Directors and majority stockholder Arnold Klann, holds a 25.5% interest in the Lender.

ITEM 2.03. Creation of a Direct Financial Obligation.

See Item 1.01

ITEM 9.01 EXHIBITS

(d) Exhibits

10.1 Revolving Line of Credit Agreement.