<html>
<head>
<title>Form S-8</title>
</head>
<body bgcolor="white" link="blue" vlink="purple">
<div>
<p align="center"><font face="Times New Roman" size="2"><b>As filed with the Securities and Exchange Commission on September&nbsp;2, 2004</b></font></p>

<p align="right"><font face="Times New Roman" size="2"><b>Registration No.&nbsp;333-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</b></font></p>

<p align="center"><font face="Times New Roman" size="2"><b>SECURITIES AND EXCHANGE COMMISSION<br />
Washington, D.C. 20549</b></font></p>

<div align="center">
<hr size="2" width="120" noshade color="#aca899" align="center" />
</div>

<p align="center"><font face="Times New Roman" size="2"><b>FORM S-8<br />
REGISTRATION STATEMENT<br />
UNDER<br />
THE SECURITIES ACT OF 1933</b></font></p>

<div align="center">
<hr size="2" width="120" noshade color="#aca899" align="center" />
</div>

<p align="center"><font face="Times New Roman" size="2"><b>AERO MARINE ENGINE, INC.<br />
</b>(Exact Name of Registrant as Specified in Its Charter)</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr>
<td valign="top">
<p align="center"><font face="Times New Roman" size="2"><b>Nevada</b><br />
 (State or Other Jurisdiction of<br />
 Incorporation or Organization)</font></p>
</td>
<td valign="top">
<p>&nbsp;</p>
</td>
<td valign="top">
<p align="center"><font face="Times New Roman" size="2"><br />
 (Address of Principal Executive<br />
 Offices Including Zip Code)</font></p>
</td>
<td valign="top">
<p>&nbsp;</p>
</td>
<td valign="top">
<p align="center"><font face="Times New Roman" size="2"><b>59-2712887</b><br />
 (I.R.S. Employer<br />
 Identification No.)</font></p>
</td>
</tr>
</table>

<div align="center">
<hr size="2" width="120" noshade color="#aca899" align="center" />
</div>

<p align="center"><font face="Times New Roman" size="2"><b>CARLYLE FINANCIAL CONSULTING GROUP<br />
CONSULTING FEE AGREEMENT</b><br />
(Full Title of the Plan)</font></p>

<div align="center">
<hr size="2" width="120" noshade color="#aca899" align="center" />
</div>

<p align="center"><font face="Times New Roman" size="2"><b>Benjamin Langford, President<br />
Aero Marine Engine, Inc.<br />
One World Trade Center<br />
121 S.W. Salmon Street<br />
Suite 1100<br />
Portland, Oregon 97204</b><br />
(Name and Address of Agent for Service)</font></p>

<div align="center">
<hr size="2" width="120" noshade color="#aca899" align="center" />
</div>

<p align="center"><font face="Times New Roman" size="2"><b>Patrick C. Clary, Esq.<br />
Patrick C. Clary, Chartered<br />
7201 West Lake Mead Boulevard<br />
Suite 503<br />
Las Vegas, Nevada 89128<br />
(702) 382-0813</b><br />
(Telephone Number, including Area Code, of Agent for Service)</font></p>

<div align="center">
<hr size="2" width="120" noshade color="#aca899" align="center" />
</div>

<p align="center">&nbsp;</p>

<p align="center"><font face="Times New Roman" size="2"><b>CALCULATION OF REGISTRATION FEE</b></font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr>
<td colspan="9" valign="top">
<div align="center">
<hr size="2" width="100%" noshade color="#aca899" align="center" />
</div>
</td>
</tr>

<tr>
<td valign="bottom">
<p align="center"><font face="Times New Roman" size="2"><b>Title of Securities<br />
 to be Registered</b></font></p>
</td>
<td valign="bottom">
<p align="center"><font face="Times New Roman" size="2"><b>&nbsp;</b></font></p>
</td>
<td valign="bottom">
<p align="center"><font face="Times New Roman" size="2"><b>Amount to be<br />
 Registered(1)</b></font></p>
</td>
<td valign="bottom">
<p align="center"><font face="Times New Roman" size="2"><b>&nbsp;</b></font></p>
</td>
<td valign="bottom">
<p align="center"><font face="Times New Roman" size="2"><b>Proposed Maximum<br />
 Offering Price<br />
 Per Share(2)</b></font></p>
</td>
<td valign="bottom">
<p align="center"><font face="Times New Roman" size="2"><b>&nbsp;</b></font></p>
</td>
<td valign="bottom">
<p align="center"><font face="Times New Roman" size="2"><b>Proposed Maximum<br />
 Aggregate<br />
 Offering Price</b></font></p>
</td>
<td valign="bottom">
<p align="center"><font face="Times New Roman" size="2"><b>&nbsp;</b></font></p>
</td>
<td valign="bottom">
<p align="center"><font face="Times New Roman" size="2"><b>Amount of<br />
 Registration Fee</b></font></p>
</td>
</tr>

<tr>
<td colspan="9" valign="top">
<div align="center">
<hr size="2" width="100%" noshade color="#aca899" align="center" />
</div>
</td>
</tr>

<tr>
<td valign="top">
<p><font face="Times New Roman" size="2">Common Stock, $0.001 par value</font></p>
</td>
<td valign="top">
<p>&nbsp;</p>
</td>
<td valign="bottom">
<p align="center"><font face="Times New Roman" size="2">1,400,000</font></p>
</td>
<td valign="bottom">
<p>&nbsp;</p>
</td>
<td valign="bottom">
<p align="center"><font face="Times New Roman" size="2">$.03</font></p>
</td>
<td valign="bottom">
<p>&nbsp;</p>
</td>
<td valign="bottom">
<p align="center"><font face="Times New Roman" size="2">$42,000</font></p>
</td>
<td valign="bottom">
<p>&nbsp;</p>
</td>
<td valign="bottom">
<p align="center"><font face="Times New Roman" size="2">$5.32</font></p>
</td>
</tr>

<tr>
<td colspan="9" valign="top">
<div align="center">
<hr size="2" width="100%" noshade color="#aca899" align="center" />
</div>
</td>
</tr>
</table>

<p><font face="Times New Roman" size="2">(1)&nbsp;&nbsp;&nbsp;Represents Common Shares to be issued pursuant to a Consulting Fee Agreement dated August 25, 2004 between the Registrant and
Carlyle Financial Consulting Group for services rendered and to be rendered by Carlyle Financial Consulting Group to the Registrant
relating to (A) assisting the Company in all international banking services in developing its (i) business model and corporate
structure, (ii) product market positioning, and (iii) strategizing the marketing of industry related products, and (B) performing
certain advisory services in connection with potential acquisitions and corporate strategy.&nbsp; The Managing Director of Carlyle
Financial Consulting Group is Miguel Gonzalez Meda.</font></p>

<p><font face="Times New Roman" size="2">(2)&nbsp;&nbsp;&nbsp;Estimated solely for the purpose of calculating the amount of the registration fee.</font></p>

<div>

<hr size="1" width="100%" noshade color="#aca899" align="left" />
</div>

<div>

<hr size="4" width="100%" noshade color="#aca899" align="left" />
</div>

<div align="center">
<hr size="2" width="100%" noshade color="#aca899" align="center" />
</div>

<p align="center"><font face="Times New Roman" size="2">
<b>PART II<br />
<br />
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</b></font></p>

<p><font face="Times New Roman" size="2"><b>Item 3.&nbsp;&nbsp;&nbsp;&nbsp;Incorporation of Documents by Reference.</b></font></p>

<p align="justify"><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Incorporated herein by reference are the following documents filed by Aero
Marine Engine, Inc. (the &ldquo;Registrant&rdquo;), with the Securities and Exchange Commission (the &ldquo;Commission&rdquo;)
under the Securities Exchange Act of 1934, as amended (the &ldquo;Exchange Act&rdquo;)</font></p>

<p><font face="Times New Roman" size="2">Annual report on Form 10-KSB and Form 10-KSB/A for the year ended June 30, 2003;<br />
<br>
Registrant&rsquo;s Quarterly Reports on Form&nbsp;10-QSB and Form 10-QSB/As for the fiscal quarters ended September 30, 2003,
December 31, 2003 and March 31, 2004;<br>
<br>
The description of Registrant&rsquo;s Common Stock contained in Registrant's Registration Statement on Form&nbsp;SB-2, as
amended, filed with the Commission (File No. 333-71210) filed with the Commission on October 9, 2001.</font></p>

<p><font face="Times New Roman" size="2"><b>Item 4.&nbsp;&nbsp;&nbsp;&nbsp;Description of Securities.</b></font></p>

<p><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.</font></p>

<p></p>

<div align="center">

<hr size="2" width="100%" noshade color="#aca899" align="center" />
</div>

<p><font face="Times New Roman" size="2"><b>Item 5.&nbsp;&nbsp;&nbsp;&nbsp;Interests of Named Experts and Counsel.</b></font></p>

<p><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Certain legal matters in connection with the offering of securities registered
hereunder are being passed upon for the Registrant by Patrick C. Clary, Chartered, 7201 West Lake Mead Boulevard, Suite 503, Las
Vegas, Nevada 89128.</font></p>

<p><font face="Times New Roman" size="2"><b>Item 6.&nbsp;&nbsp;&nbsp;&nbsp;Indemnification of Directors and Officers.</b></font></p>

<p><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Article IX of the Registrant&rsquo;s By-Laws, provides as follows:</font></p>

<p><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 43.&nbsp;&nbsp; Indemnification of Directors, Executive Officers, Other Officers, Employees and Other Agents.</font></p>

<p></p>

<p align="justify"><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (a)&nbsp; Directors Officers.&nbsp; The corporation shall indemnify its directors and officers to the fullest extent not prohibited by the Nevada General Corporation Law; provided, however, that the corporation may modify the extent of such indemnification by individual contracts with its directors and officers; and, provided, further, that the corporation shall not be required to indemnify any director or officer in connection with any proceeding (or part thereof) initiated by such person unless (i) such indemnification is expressly required to be made by law, (ii) the proceeding was authorized by the Board of Directors of the corporation, (iii) such indemnification is provided by the corporation, in its sole discretion, pursuant to the powers vested in the corporation under the Nevada General Corporation Law or (iv) such indemnification is required to be made under subsection (d).</font></p>

<p></p>

<p align="justify"><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (b)&nbsp; Employees and Other Agents.&nbsp; The corporation shall have power to indemnify its employees and other agents as set forth in the Nevada General Corporation Law.<br>
<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (c)&nbsp; Expense.&nbsp; The corporation shall advance to any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative, by reason of the fact that he is or was a director or officer, of the corporation, or is or was serving at the request of the corporation as a director or executive officer of another corporation, partnership, joint venture, trust or other enterprise, prior to the final disposition of the proceeding, promptly following request therefore, all expenses incurred by any director or officer in connection with such proceeding upon receipt of an undertaking by or on behalf of such person to repay said mounts if it should be determined ultimately that such person is not entitled to be indemnified under this Bylaw or otherwise.<br>
<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Notwithstanding the foregoing, unless otherwise determined pursuant to paragraph (e) of this Bylaw, no advance shall be made by the corporation to an officer of the corporation (except by reason of the fact that such officer is or was a director of the corporation in which event this paragraph shall not apply) in any action, suit or proceeding, whether civil, criminal, administrative or investigative, if a determination is reasonably and promptly made (i) by the Board of Directors by a majority vote of a quorum consisting of directors who were not parties to the proceeding, or (ii) if such quorum is not obtainable, or, even if obtainable, a quorum of disinterested directors so directs, by independent legal counsel in a written opinion, that the facts known to the decision-making party at the time such determination is made demonstrate clearly and convincingly that such person acted in bad faith or in a manner that such person did not believe to be in or not opposed to the best interests of the corporation.<br>
<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (d)&nbsp; Enforcement.&nbsp; Without the necessity of entering into an express contract, all rights to indemnification and advances to directors and officers under this Bylaw shall be deemed to be contractual rights and be effective to the same extent and as if provided for in a contract between the corporation and the director or officer.&nbsp; Any right to indemnification or advances granted by this Bylaw to a director or officer shall be enforceable by or on behalf of the person holding such right in any court of competent jurisdiction if (i) the claim for indemnification or advances is denied, in whole or in part, or (ii) no disposition of such claim is made within ninety (90) days of request therefore.&nbsp; The claimant in such enforcement action, if successful in whole or in part, shall be entitled to be paid also the expense of prosecuting his claim.&nbsp; In connection with any claim for indemnification, the corporation shall be entitled to raise as a defense to any such action that the claimant has not met the standard of conduct that make it permissible under the Nevada General Corporation Law for the corporation to indemnify the claimant for the amount claimed.&nbsp; In connection with any claim by an officer of the corporation (except in any action, suit or proceeding, whether civil, criminal, administrative or investigative, by reason of the fact that such officer is or was a director of the corporation) for advances, the corporation shall be entitled to raise a defense as to any such action clear and convincing evidence that such person acted in bad faith or in a manner that such person did not believe to be in or not opposed in the best interests of the corporation, or with respect to any criminal action or proceeding that such person acted without reasonable cause to believe that his conduct was lawful.&nbsp; Neither the failure of the corporation (including its Board of Directors, independent legal counsel or its stockholders) to have made a determination prior to the commencement of such action that indemnification of the claimant is proper in the circumstances because he has met the applicable standard of conduct set forth in the Nevada General Corporation Law, nor an actual determination by the corporation (including its Board of Directors, independent legal counsel or its stockholders) that the claimant has not met such applicable standard of conduct, shall be a defense to the action or create a presumption that claimant has not met the applicable standard of conduct.&nbsp;&nbsp; In any suit brought by a director or officer to enforce a right to indemnification or to an advancement of expenses hereunder, the burden of proving that the director or officer is not entitled to be indemnified, or to such advancement of expenses, under this Article XI or otherwise shall be on the corporation.</font></p>

<p><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (e)&nbsp; Non-Exclusivity of Rights.&nbsp; The rights conferred on any person by this Bylaw shall not be exclusive of any other right which such person may have or hereafter acquire under any statute, provision of the Articles of Incorporation, Bylaws, agreement, vote of stockholders or disinterested directors or otherwise, both as to action in his official capacity and as to action in another capacity while holding office.&nbsp; The corporation is specifically authorized to enter into individual contracts with any or all of its directors, officers, employees or agents respecting indemnification and advances, to the fullest extent not prohibited by the Nevada General Corporation Law.</font></p>

<p></p>

<p><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (f)&nbsp; Survival of Rights.&nbsp; The rights conferred on any person by this Bylaw shall continue as to a person who has ceased to be a director, officer, employee or other agent and shall inure to the benefit of the heirs, executors and administrators of such a person.</font></p>

<p></p>

<p><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (g)&nbsp; Insurance.&nbsp; To the fullest extent permitted by the Nevada General Corporation Law, the corporation, upon approval by the Board of Directors, may purchase insurance on behalf of any person required or permitted to be indemnified pursuant to this Bylaw.</font></p>

<p></p>

<p><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (h)&nbsp; Amendments.&nbsp; Any repeal or modification of this Bylaw shall only be prospective and shall not affect the rights under this Bylaw in effect at the time of the alleged occurrence of any action or omission to act that is the cause of any proceeding against any agent of the corporation.</font></p>

<p></p>

<p><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (i)&nbsp; Saving Clause.&nbsp; If this Bylaw or any portion hereof shall be invalidated on any ground by any court of competent jurisdiction, then the corporation shall nevertheless indemnify each director and officer to the full extent not prohibited by any applicable portion of this Bylaw that shall not have been invalidated, or by any other applicable law.</font></p>

<p></p>

<p><font face="Times New Roman" size="2">Further, Nevada Revised Statutes provide as follows:</font></p>

<p></p>

<p><font face="Times New Roman" size="2">Subsection 7 of NRS 78.138 - Directors And Officers: Exercise Of Powers; Performance Of Duties; Presumptions And Considerations; Liability To Corporation And Stockholders - Provides:</font></p>

<p></p>

<p><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; "7.&nbsp; Except as otherwise provided in NRS 35.230, 90.660, (91.250, 452.200, 452.270, 668.045 and 694A.030, a director or officer is not individually liable to the corporation or its stockholders for any damages as a result of any act or failure to act in his capacity as a director or officer unless it is proven that:</font></p>

<p></p>

<p><font face="Times New Roman" size="2">His act or failure to act constituted a breach of his fiduciary duties as a director or officer; and<br>
<br>
His breach of those duties involved intentional misconduct, fraud or a knowing violation of law."</font></p>

<p><font face="Times New Roman" size="2">NRS &ldquo;78.747.&nbsp; Liability Of Stockholder, Director Or Officer For Debt Or Liability Of Corporation.</font></p>

<p></p>

<p><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.&nbsp; Except as otherwise provided by specific statute, no stockholder, director or officer of a corporation is individually liable for a debt or liability of the corporation, unless the stockholder, director or officer acts as the alter ego of the corporation.</font></p>

<p></p>

<p><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.&nbsp; A stockholder, director or officer acts as the alter ego of a corporation if:<br>
<br>
The corporation is influenced and governed by the stockholder, director or officer;</font></p>

<p><font face="Times New Roman" size="2">There is such unity of interest and ownership that the corporation and the stockholder, director or officer are inseparable from each other; and</font></p>

<p><font face="Times New Roman" size="2">Adherence to the corporate fiction of a separate entity would sanction fraud or promote a manifest injustice.</font></p>

<p></p>

<p><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.&nbsp; The question of whether a stockholder, director or officer acts as the alter ego of a corporation must be determined by the court as a matter of law."</font></p>

<p></p>

<p><font face="Times New Roman" size="2">NRS &ldquo;78.7502.&nbsp; Discretionary And Mandatory Indemnification Of Officers, Directors, Employees And Agents: General Provisions.</font></p>

<p></p>

<p align="justify"><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.&nbsp;&nbsp; A corporation may indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative, except an action by or in the right of the corporation, by reason of the fact that he is or was a director, officer, employee or agent of the corporation, or is or was serving at the request of the corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, against expenses, including attorneys' fees, judgments, fines and amounts paid in settlement actually and reasonably incurred by him in connection with the action, suit or proceeding if he:</font></p>

<p></p>

<p align="justify"><font face="Times New Roman" size="2">Is not liable pursuant to NRS 78.138 [directors and officers duty to exercise their powers in good faith and with a view to the interests of the corporation]; or<br>
<br>
Acted in good faith and in a manner which he reasonably believed to be in or not opposed to the best interests of the corporation, and, with respect to any criminal action or proceeding, had no reasonable cause to believe his conduct was unlawful.</font></p>

<p></p>

<p align="justify"><font face="Times New Roman" size="2">The termination of any action, suit or proceeding by judgment, order, settlement, conviction or upon a plea of nolo contendere or its equivalent, does not, of itself, create a presumption that the person is liable pursuant to NRS 78.138 or did not act in good faith and in a manner which he reasonably believed to be in or not opposed to the best interests of the corporation, or that, with respect to any criminal action or proceeding, he had reasonable cause to believe that his conduct was unlawful.<br>
<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.&nbsp; A corporation may indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action or suit by or in the right of the corporation to procure a judgment in its favor by reason of the fact that he is or was a director, officer, employee or agent of the corporation, or is or was serving at the request of the corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise against expenses, including amounts paid in settlement and attorneys' fees actually and reasonably incurred by him in connection with the defense or settlement of the action or suit if he:<br>
<br>
Is not liable pursuant to NRS 78.138; or</font></p>

<p align="justify"><font face="Times New Roman" size="2">Acted in good faith and in a manner which he reasonably believed to be in or not opposed to the best interests of the corporation. Indemnification may not be made for any claim, issue or matter as to which such a person has been adjudged by a court of competent jurisdiction, after exhaustion of all appeals therefrom, to be liable to the corporation or for amounts paid in settlement to the corporation, unless and only to the extent that the court in which the action or suit was brought or other court of competent jurisdiction determines upon application that in view of all the circumstances of the case, the person is fairly and reasonably entitled to indemnity for such expenses as the court deems proper.</font></p>

<p></p>

<p align="justify"><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.&nbsp; To the extent that a director, officer, employee or agent of a corporation has been successful on the merits or otherwise in defense of any action, suit or proceeding referred to in subsections 1 and 2, or in defense of any claim, issue or matter therein, the corporation shall indemnify him against expenses, including attorneys' fees, actually and reasonably incurred by him in connection with the defense."</font></p>

<p></p>

<p><font face="Times New Roman" size="2">NRS &ldquo;78.751.&nbsp; Authorization Required For Discretionary Indemnification; Advancement Of Expenses; Limitation On Indemnification And Advancement Of Expenses.</font></p>

<p></p>

<p><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.&nbsp; Any discretionary indemnification pursuant to NRS 78.7502, unless ordered by a court or advanced pursuant to subsection 2, may be made by the corporation only as authorized in the specific case upon a determination that indemnification of the director, officer, employee or agent is proper in the circumstances. The determination must be made:</font></p>

<p></p>

<p><font face="Times New Roman" size="2">By the stockholders; </font></p>

<p align="justify"><font face="Times New Roman" size="2">By the board of directors by majority vote of a quorum consisting of directors who were not parties to the action, suit or proceeding;<br>
<br>
If a majority vote of a quorum consisting of directors who were not parties to the action, suit or proceeding so orders, by independent legal counsel in a written opinion; or<br>
<br>
If a quorum consisting of directors who were not parties to the action, suit or proceeding cannot be obtained, by independent legal counsel in a written opinion.<br>
<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.&nbsp; The articles of incorporation, the bylaws or an agreement made by the corporation may provide that the expenses of officers and directors incurred in defending a civil or criminal action, suit or proceeding must be paid by the corporation as they are incurred and in advance of the final disposition of the action, suit or proceeding, upon receipt of an undertaking by or on behalf of the director or officer to repay the amount if it is ultimately determined by a court of competent jurisdiction that he is not entitled to be indemnified by the corporation. The provisions of this subsection do not affect any rights to advancement of expenses to which corporate personnel other than directors or officers may be entitled under any contract or otherwise by law.<br>
<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.&nbsp; The indemnification pursuant to NRS 78.7502 and advancement of expenses authorized in or ordered by a court pursuant to this section:<br>
<br>
Does not exclude any other rights to which a person seeking indemnification or advancement of expenses may be entitled under the articles of incorporation or any bylaw, agreement, vote of stockholders or disinterested directors or otherwise, for either an action in his official capacity or an action in another capacity while holding his office, except that indemnification, unless ordered by a court pursuant to NRS 78.7502 or for the advancement of expenses made pursuant to subsection 2, may not be made to or on behalf of any director or officer if a final adjudication establishes that his acts or omissions involved intentional misconduct, fraud or a knowing violation of the law and was material to the cause of action.<br>
<br>
Continues for a person who has ceased to be a director, officer, employee or agent and inures to the benefit of the heirs, executors and administrators of such a person."<br>
<br>
NRS &ldquo;78.752.&nbsp; Insurance And Other Financial Arrangements Against Liability Of Directors, Officers, Employees And Agents.</font></p>

<p></p>

<p align="justify"><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.&nbsp; A corporation may purchase and maintain insurance or make other financial arrangements on behalf of any person who is or was a director, officer, employee or agent of the corporation, or is or was serving at the request of the corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise for any liability asserted against him and liability and expenses incurred by him in his capacity as a director, officer, employee or agent, or arising out of his status as such, whether or not the corporation has the authority to indemnify him against such liability and expenses.</font></p>

<p></p>

<p><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.&nbsp; The other financial arrangements made by the corporation pursuant to subsection 1 may include the following:</font></p>

<p></p>

<p><font face="Times New Roman" size="2">The creation of a trust fund.</font></p>

<p><font face="Times New Roman" size="2">The establishment of a program of self-insurance.</font></p>

<p><font face="Times New Roman" size="2">The securing of its obligation of indemnification by granting a security interest or other lien on any assets of the corporation.</font></p>

<p align="justify"><font face="Times New Roman" size="2">The establishment of a letter of credit, guaranty or surety. No financial arrangement made pursuant to this subsection may provide protection for a person adjudged by a court of competent jurisdiction, after exhaustion of all appeals therefrom, to be liable for intentional misconduct, fraud or a knowing violation of law, except with respect to the advancement of expenses or indemnification ordered by a court.</font></p>

<p></p>

<p align="justify"><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.&nbsp; Any insurance or other financial arrangement made on behalf of a person pursuant to this section may be provided by the corporation or any other person approved by the board of directors, even if all or part of the other person's stock or other securities is owned by the corporation.</font></p>

<p></p>

<p><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.&nbsp; In the absence of fraud:</font></p>

<p></p>

<p align="justify"><font face="Times New Roman" size="2">The decision of the board of directors as to the propriety of the terms and conditions of any insurance or other financial arrangement made pursuant to this section and the choice of the person to provide the insurance or other financial arrangement is conclusive; and</font></p>

<p><font face="Times New Roman" size="2">The insurance or other financial arrangement:</font></p>

<p></p>

<p><font face="Times New Roman" size="2">Is not void or voidable; and</font></p>

<p><font face="Times New Roman" size="2">Does not subject any director approving it to personal liability for his action, even if a director approving the insurance or other financial arrangement is a beneficiary of the insurance or other financial arrangement.</font></p>

<p></p>

<p><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.&nbsp; A corporation or its subsidiary which provides self-insurance for itself or for another affiliated corporation pursuant to this section is not subject to the provisions of Title 57 of NRS."</font></p>

<p></p>

<p><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The effect of the foregoing is to require the Registrant to the extent permitted by law to indemnify the officers, directors, employees and agents of the Registrant for any claim arising against such persons in their official capacities if such person acted in good faith and in a manner that he reasonably believed to be in or not opposed to the best interests of the Registrant, and, with respect to any criminal action or proceeding, had no reasonable cause to believe his conduct was unlawful.</font></p>

<p></p>

<p><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Insofar as indemnification for liabilities arising under the Securities Act of 1933 (the &ldquo;Securities Act&rdquo;) may be permitted to directors, officers or persons controlling the Registrant pursuant to the foregoing provisions, the Registrant has been informed that, in the opinion of the Securities and Exchange Commission, such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable.<br>
<br>

<b>Item 7.&nbsp;&nbsp;&nbsp;&nbsp;Exemption from Registration Claimed.</b></font></p>

<p><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not applicable.</font></p>

<p><font face="Times New Roman" size="2"><b>Item 8.&nbsp;&nbsp;&nbsp;&nbsp;Exhibits.</b></font></p>

<table border="0" cellspacing="0" cellpadding="0" width="496">
<tr>
<td valign="top" width="84">
<p><font face="Times New Roman" size="2">Exhibits</font></p>
</td>
<td valign="top" width="412"></td>
</tr>

<tr>
<td valign="top" width="84"></td>
<td valign="top" width="412"></td>
</tr>

<tr>
<td valign="top" width="84">
<p><font face="Times New Roman" size="2">4.1</font></p>
</td>
<td valign="top" width="412">
<p><font face="Times New Roman" size="2">Specimen Common Stock Certificate of the Registrant(1)</font></p>
</td>
</tr>

<tr>
<td valign="top" width="84">
<p><font face="Times New Roman" size="2">5.1</font></p>
</td>
<td valign="top" width="412">
<p><font face="Times New Roman" size="2">Opinion of Patrick C. Clary, Chartered as to the legality of the Common Shares issuable pursuant to the Consulting Fee Agreement
dated August 25, 2004</font></p>
</td>
</tr>

<tr>
<td valign="top" width="84">
<p><font face="Times New Roman" size="2">10.1</font></p>
</td>
<td valign="top" width="412">
<p><font face="Times New Roman" size="2">Consulting Fee Agreement dated August 25, 2004 between the Registrant and Carlyle Financial Consulting Group</font></p>
</td>
</tr>

<tr>
<td valign="top" width="84">
<p><font face="Times New Roman" size="2">23.1</font></p>
</td>
<td valign="top" width="412">
<p><font face="Times New Roman" size="2">Consent of Epstein Weber &amp; Conover, PLC</font></p>
</td>
</tr>

<tr>
<td valign="top" width="84">
<p><font face="Times New Roman" size="2">23.2</font></p>
</td>
<td valign="top" width="412">
<p><font face="Times New Roman" size="2">Consent of Patrick C. Clary, Chartered (included in the opinion filed as Exhibit 5.1 hereto)</font></p>
</td>
</tr>
</table>

<p><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) Denotes document filed as an exhibit to our Form SB-2, as amended, filed with the
Commission on October 9, 2001 and incorporated herein by reference.</font></p>

<div align="center">
<hr size="2" width="100%" noshade color="#aca899" align="center" />
</div>

<p><font face="Times New Roman" size="2"><b>Item 9.&nbsp;&nbsp;&nbsp;&nbsp;Undertakings.</b></font></p>

<p align="justify"><font face="Times New Roman" size="2">(a)&nbsp;&nbsp; The undersigned Registrant hereby undertakes:</font></p>

<p align="justify"><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)&nbsp;&nbsp;&nbsp;To file, during any period in which offers or sales are
being made, a post-effective amendment to this Registration Statement:</font></p>

<p align="justify"><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;To include any prospectus required by
Section&nbsp;10(a)(3) of the Securities Act;</font></p>

<p align="justify"><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;&nbsp;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 the registration statement. Notwithstanding the
foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not
exceed that which was registered) and any deviation from the low or high and of the estimated maximum offering range may be
reflected in the form of prospectus filed with the Commission pursuant to Rule&nbsp;424(b) if, in the aggregate, the changes in
volume and price represent no more than a 20&nbsp;percent change in the maximum aggregate offering price set forth in the
"Calculation of Registration Fee" table in the effective registration statement;</font></p>

<p align="justify"><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;&nbsp;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;</font></p>

<p align="justify"><font face="Times New Roman" size="2">provided, however, that paragraphs (1)(i) and (1)(ii) do not apply if the registration statement is on Form S-3, Form S-8 or
Form F-3, and the information required to be included in a post-effective amendment by those paragraphs is contained in periodic
reports filed with or furnished to the Commission by the Registrant pursuant to Section 13 or 15(d) of the Exchange Act that are
incorporated by reference in the registration statement.</font></p>

<p align="justify"><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp;&nbsp;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.</font></p>

<p align="justify"><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3)&nbsp;&nbsp;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.</font></p>

<p align="justify"><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4)&nbsp;&nbsp;That, for purposes of determining any liability under
the Securities Act, each filing of the Registrant's annual report pursuant to Section 13(a) or 15(d) of the Exchange Act that is
incorporated by reference in the 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.</font></p>

<p align="justify"><font face="Times New Roman" size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Insofar as indemnification for liabilities arising under the
Securities Act may be permitted to directors, officers and controlling persons of the Registrant pursuant to the foregoing
provisions, or otherwise, the Registrant has been advised that in the opinion of the Securities and Exchange 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 such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the
final adjudication of such issue.</font></p>

<div align="center">
<hr size="2" width="120" noshade color="#aca899" align="center" />
</div>

<div align="center">
<hr size="2" width="100%" noshade color="#aca899" align="center" />
</div>

<p align="center"><font face="Times New Roman" size="2"><br />
<b>SIGNATURES</b></font></p>

<p align="justify"><font face="Times New Roman" size="2">&nbsp; Pursuant to the requirements of the Securities Act, the Registrant certifies that it has reasonable grounds to believe
that it meets all of the requirements for filing on Form 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 Portland, State of Oregon, on the 2<sup>nd</sup> day of
September, 2004.</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%">
<tr>
<td valign="top">
<p>&nbsp;</p>
</td>
<td valign="top">
<p>&nbsp;</p>
</td>
<td colspan="2" valign="top">
<p><font face="Times New Roman" size="2"><b>AERO MARINE ENGINE, INC.</b></font></p>
</td>
</tr>

<tr>
<td valign="top">
<p><font face="Times New Roman" size="2"><br />
 &nbsp;</font></p>
</td>
<td valign="top">
<p><font face="Times New Roman" size="2"><br />
 &nbsp;</font></p>
</td>
<td valign="top">
<p><font face="Times New Roman" size="2"><br />
 By:</font></p>
</td>
<td valign="top">
<p><font face="Times New Roman" size="2"><br />
 /s/&nbsp;&nbsp;BENJAMIN LANGFORD</font></p>
</td>
</tr>

<tr>
<td valign="top">
<p>&nbsp;</p>
</td>
<td valign="top">
<p>&nbsp;</p>
</td>
<td valign="top">
<p>&nbsp;</p>
</td>
<td valign="top">
<div align="center">
<hr size="2" width="100%" noshade color="#aca899" align="center" />
</div>

<p><font face="Times New Roman" size="2">Name:&nbsp;&nbsp;Benjamin Langford<br />
 Title:&nbsp;&nbsp;&nbsp;&nbsp;President</font></p>
</td>
</tr>
</table>

<div align="center">
<hr size="2" width="100%" noshade color="#aca899" align="center" />
</div>

<p align="center"><font face="Times New Roman" size="2">
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<b>EXHIBIT INDEX</b></font></p>

<table border="0" cellspacing="0" cellpadding="0">
<tr>
<td valign="top">
<p><font face="Times New Roman" size="2">Exhibit Number</font></p>
</td>
<td valign="top">
<p><font face="Times New Roman" size="2">Description of Exhibit</font></p>
</td>
</tr>

<tr>
<td valign="top"></td>
<td valign="top"></td>
</tr>

<tr>
<td valign="top">
<p><font face="Times New Roman" size="2">4.1</font></p>
</td>
<td valign="top">
<p><font face="Times New Roman" size="2">Specimen Common Stock Certificate of the Registrant(1)</font></p>
</td>
</tr>

<tr>
<td valign="top">
<p><font face="Times New Roman" size="2">5.1</font></p>
</td>
<td valign="top">
<p><font face="Times New Roman" size="2">Opinion of Patrick C. Clary, Chartered as to the legality of the Common Shares issuable pursuant to the Consulting Fee Agreement
dated August 25, 2004</font></p>
</td>
</tr>

<tr>
<td valign="top">
<p><font face="Times New Roman" size="2">10.1</font></p>
</td>
<td valign="top">
<p><font face="Times New Roman" size="2">Consulting Fee Agreement dated August 25, 2004 between the Registrant and Carlyle Financial Consulting Group</font></p>
</td>
</tr>

<tr>
<td valign="top">
<p><font face="Times New Roman" size="2">23.1</font></p>
</td>
<td valign="top">
<p><font face="Times New Roman" size="2">Consent of Epstein Weber &amp; Conover, PLC</font></p>
</td>
</tr>

<tr>
<td valign="top">
<p><font face="Times New Roman" size="2">23.2</font></p>
</td>
<td valign="top">
<p><font face="Times New Roman" size="2">Consent of Patrick C. Clary, Chartered (included in the opinion filed as Exhibit 5.1 hereto)</font></p>
</td>
</tr>
</table>

<p><font face="Times New Roman" size="2"><br />
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) Denotes document filed as an exhibit to our Form SB-2, as amended, filed with the
Commission on October 9, 2001 and incorporated herein by reference.</font></p>

<p><font face="Times New Roman" size="2"><br />
</font>
</p>

<div align="center">
<hr size="2" width="100%" noshade color="#aca899" align="center" />
</div>
</div>
</body>
</html>
[{"type": "S-8", "sequence": "1", "filename": "forms8.htm", "secsgml_size_bytes": 44140}]
{"company-data": {"conformed-name": "AERO MARINE ENGINE INC", "cik": "0001144130", "assigned-sic": "1040", "irs-number": "980353007", "state-of-incorporation": "NV", "fiscal-year-end": "0630"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-118777", "film-number": "041014852"}, "business-address": {"street1": "ONE WORLD TRADE CENTER", "street2": "121 S.W. SALMON STREET", "city": "PORTLAND", "state": "OR", "zip": "97204", "phone": "503-471-1348"}, "mail-address": {"street1": "ONE WORLD TRADE CENTER", "street2": "121 S.W. SALMON STREET", "city": "PORTLAND", "state": "OR", "zip": "97204"}, "former-company": {"former-conformed-name": "PRINCETON VENTURES INC", "date-changed": "20010629"}}
Form S-8
As filed with the Securities and Exchange Commission on September 2, 2004
Registration No. 333-
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
AERO MARINE ENGINE, INC.
(Exact Name of Registrant as Specified in Its Charter)
Nevada
(State or Other Jurisdiction of
Incorporation or Organization)
(Address of Principal Executive
Offices Including Zip Code)
59-2712887
(I.R.S. Employer
Identification No.)
CARLYLE FINANCIAL CONSULTING GROUP
CONSULTING FEE AGREEMENT
(Full Title of the Plan)
Benjamin Langford, President
Aero Marine Engine, Inc.
One World Trade Center
121 S.W. Salmon Street
Suite 1100
Portland, Oregon 97204
(Name and Address of Agent for Service)
Patrick C. Clary, Esq.
Patrick C. Clary, Chartered
7201 West Lake Mead Boulevard
Suite 503
Las Vegas, Nevada 89128
(702) 382-0813
(Telephone Number, including Area Code, of Agent for Service)
CALCULATION OF REGISTRATION FEE
Title of Securities
to be Registered
Amount to be
Registered(1)
Proposed Maximum
Offering Price
Per Share(2)
Proposed Maximum
Aggregate
Offering Price
Amount of
Registration Fee
Common Stock, $0.001 par value
1,400,000
$.03
$42,000
$5.32
(1)   Represents Common Shares to be issued pursuant to a Consulting Fee Agreement dated August 25, 2004 between the Registrant and
Carlyle Financial Consulting Group for services rendered and to be rendered by Carlyle Financial Consulting Group to the Registrant
relating to (A) assisting the Company in all international banking services in developing its (i) business model and corporate
structure, (ii) product market positioning, and (iii) strategizing the marketing of industry related products, and (B) performing
certain advisory services in connection with potential acquisitions and corporate strategy.  The Managing Director of Carlyle
Financial Consulting Group is Miguel Gonzalez Meda.
(2)   Estimated solely for the purpose of calculating the amount of the registration fee.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3.    Incorporation of Documents by Reference.
Incorporated herein by reference are the following documents filed by Aero
Marine Engine, Inc. (the "Registrant"), with the Securities and Exchange Commission (the "Commission")
under the Securities Exchange Act of 1934, as amended (the "Exchange Act")
Annual report on Form 10-KSB and Form 10-KSB/A for the year ended June 30, 2003;
Registrant's Quarterly Reports on Form 10-QSB and Form 10-QSB/As for the fiscal quarters ended September 30, 2003,
December 31, 2003 and March 31, 2004;
The description of Registrant's Common Stock contained in Registrant's Registration Statement on Form SB-2, as
amended, filed with the Commission (File No. 333-71210) filed with the Commission on October 9, 2001.
Item 4.    Description of Securities.
Not applicable.
Item 5.    Interests of Named Experts and Counsel.
Certain legal matters in connection with the offering of securities registered
hereunder are being passed upon for the Registrant by Patrick C. Clary, Chartered, 7201 West Lake Mead Boulevard, Suite 503, Las
Vegas, Nevada 89128.
Item 6.    Indemnification of Directors and Officers.
Article IX of the Registrant's By-Laws, provides as follows:
Section 43.   Indemnification of Directors, Executive Officers, Other Officers, Employees and Other Agents.
(a)  Directors Officers.  The corporation shall indemnify its directors and officers to the fullest extent not prohibited by the Nevada General Corporation Law; provided, however, that the corporation may modify the extent of such indemnification by individual contracts with its directors and officers; and, provided, further, that the corporation shall not be required to indemnify any director or officer in connection with any proceeding (or part thereof) initiated by such person unless (i) such indemnification is expressly required to be made by law, (ii) the proceeding was authorized by the Board of Directors of the corporation, (iii) such indemnification is provided by the corporation, in its sole discretion, pursuant to the powers vested in the corporation under the Nevada General Corporation Law or (iv) such indemnification is required to be made under subsection (d).
(b)  Employees and Other Agents.  The corporation shall have power to indemnify its employees and other agents as set forth in the Nevada General Corporation Law.
(c)  Expense.  The corporation shall advance to any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative, by reason of the fact that he is or was a director or officer, of the corporation, or is or was serving at the request of the corporation as a director or executive officer of another corporation, partnership, joint venture, trust or other enterprise, prior to the final disposition of the proceeding, promptly following request therefore, all expenses incurred by any director or officer in connection with such proceeding upon receipt of an undertaking by or on behalf of such person to repay said mounts if it should be determined ultimately that such person is not entitled to be indemnified under this Bylaw or otherwise.
Notwithstanding the foregoing, unless otherwise determined pursuant to paragraph (e) of this Bylaw, no advance shall be made by the corporation to an officer of the corporation (except by reason of the fact that such officer is or was a director of the corporation in which event this paragraph shall not apply) in any action, suit or proceeding, whether civil, criminal, administrative or investigative, if a determination is reasonably and promptly made (i) by the Board of Directors by a majority vote of a quorum consisting of directors who were not parties to the proceeding, or (ii) if such quorum is not obtainable, or, even if obtainable, a quorum of disinterested directors so directs, by independent legal counsel in a written opinion, that the facts known to the decision-making party at the time such determination is made demonstrate clearly and convincingly that such person acted in bad faith or in a manner that such person did not believe to be in or not opposed to the best interests of the corporation.
(d)  Enforcement.  Without the necessity of entering into an express contract, all rights to indemnification and advances to directors and officers under this Bylaw shall be deemed to be contractual rights and be effective to the same extent and as if provided for in a contract between the corporation and the director or officer.  Any right to indemnification or advances granted by this Bylaw to a director or officer shall be enforceable by or on behalf of the person holding such right in any court of competent jurisdiction if (i) the claim for indemnification or advances is denied, in whole or in part, or (ii) no disposition of such claim is made within ninety (90) days of request therefore.  The claimant in such enforcement action, if successful in whole or in part, shall be entitled to be paid also the expense of prosecuting his claim.  In connection with any claim for indemnification, the corporation shall be entitled to raise as a defense to any such action that the claimant has not met the standard of conduct that make it permissible under the Nevada General Corporation Law for the corporation to indemnify the claimant for the amount claimed.  In connection with any claim by an officer of the corporation (except in any action, suit or proceeding, whether civil, criminal, administrative or investigative, by reason of the fact that such officer is or was a director of the corporation) for advances, the corporation shall be entitled to raise a defense as to any such action clear and convincing evidence that such person acted in bad faith or in a manner that such person did not believe to be in or not opposed in the best interests of the corporation, or with respect to any criminal action or proceeding that such person acted without reasonable cause to believe that his conduct was lawful.  Neither the failure of the corporation (including its Board of Directors, independent legal counsel or its stockholders) to have made a determination prior to the commencement of such action that indemnification of the claimant is proper in the circumstances because he has met the applicable standard of conduct set forth in the Nevada General Corporation Law, nor an actual determination by the corporation (including its Board of Directors, independent legal counsel or its stockholders) that the claimant has not met such applicable standard of conduct, shall be a defense to the action or create a presumption that claimant has not met the applicable standard of conduct.   In any suit brought by a director or officer to enforce a right to indemnification or to an advancement of expenses hereunder, the burden of proving that the director or officer is not entitled to be indemnified, or to such advancement of expenses, under this Article XI or otherwise shall be on the corporation.
(e)  Non-Exclusivity of Rights.  The rights conferred on any person by this Bylaw shall not be exclusive of any other right which such person may have or hereafter acquire under any statute, provision of the Articles of Incorporation, Bylaws, agreement, vote of stockholders or disinterested directors or otherwise, both as to action in his official capacity and as to action in another capacity while holding office.  The corporation is specifically authorized to enter into individual contracts with any or all of its directors, officers, employees or agents respecting indemnification and advances, to the fullest extent not prohibited by the Nevada General Corporation Law.
(f)  Survival of Rights.  The rights conferred on any person by this Bylaw shall continue as to a person who has ceased to be a director, officer, employee or other agent and shall inure to the benefit of the heirs, executors and administrators of such a person.
(g)  Insurance.  To the fullest extent permitted by the Nevada General Corporation Law, the corporation, upon approval by the Board of Directors, may purchase insurance on behalf of any person required or permitted to be indemnified pursuant to this Bylaw.
(h)  Amendments.  Any repeal or modification of this Bylaw shall only be prospective and shall not affect the rights under this Bylaw in effect at the time of the alleged occurrence of any action or omission to act that is the cause of any proceeding against any agent of the corporation.
(i)  Saving Clause.  If this Bylaw or any portion hereof shall be invalidated on any ground by any court of competent jurisdiction, then the corporation shall nevertheless indemnify each director and officer to the full extent not prohibited by any applicable portion of this Bylaw that shall not have been invalidated, or by any other applicable law.
Further, Nevada Revised Statutes provide as follows:
Subsection 7 of NRS 78.138 - Directors And Officers: Exercise Of Powers; Performance Of Duties; Presumptions And Considerations; Liability To Corporation And Stockholders - Provides:
"7.  Except as otherwise provided in NRS 35.230, 90.660, (91.250, 452.200, 452.270, 668.045 and 694A.030, a director or officer is not individually liable to the corporation or its stockholders for any damages as a result of any act or failure to act in his capacity as a director or officer unless it is proven that:
His act or failure to act constituted a breach of his fiduciary duties as a director or officer; and
His breach of those duties involved intentional misconduct, fraud or a knowing violation of law."
NRS "78.747.  Liability Of Stockholder, Director Or Officer For Debt Or Liability Of Corporation.
1.  Except as otherwise provided by specific statute, no stockholder, director or officer of a corporation is individually liable for a debt or liability of the corporation, unless the stockholder, director or officer acts as the alter ego of the corporation.
2.  A stockholder, director or officer acts as the alter ego of a corporation if:
The corporation is influenced and governed by the stockholder, director or officer;
There is such unity of interest and ownership that the corporation and the stockholder, director or officer are inseparable from each other; and
Adherence to the corporate fiction of a separate entity would sanction fraud or promote a manifest injustice.
3.  The question of whether a stockholder, director or officer acts as the alter ego of a corporation must be determined by the court as a matter of law."
NRS "78.7502.  Discretionary And Mandatory Indemnification Of Officers, Directors, Employees And Agents: General Provisions.
1.   A corporation may indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative, except an action by or in the right of the corporation, by reason of the fact that he is or was a director, officer, employee or agent of the corporation, or is or was serving at the request of the corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, against expenses, including attorneys' fees, judgments, fines and amounts paid in settlement actually and reasonably incurred by him in connection with the action, suit or proceeding if he:
Is not liable pursuant to NRS 78.138 [directors and officers duty to exercise their powers in good faith and with a view to the interests of the corporation]; or
Acted in good faith and in a manner which he reasonably believed to be in or not opposed to the best interests of the corporation, and, with respect to any criminal action or proceeding, had no reasonable cause to believe his conduct was unlawful.
The termination of any action, suit or proceeding by judgment, order, settlement, conviction or upon a plea of nolo contendere or its equivalent, does not, of itself, create a presumption that the person is liable pursuant to NRS 78.138 or did not act in good faith and in a manner which he reasonably believed to be in or not opposed to the best interests of the corporation, or that, with respect to any criminal action or proceeding, he had reasonable cause to believe that his conduct was unlawful.
2.  A corporation may indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action or suit by or in the right of the corporation to procure a judgment in its favor by reason of the fact that he is or was a director, officer, employee or agent of the corporation, or is or was serving at the request of the corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise against expenses, including amounts paid in settlement and attorneys' fees actually and reasonably incurred by him in connection with the defense or settlement of the action or suit if he:
Is not liable pursuant to NRS 78.138; or
Acted in good faith and in a manner which he reasonably believed to be in or not opposed to the best interests of the corporation. Indemnification may not be made for any claim, issue or matter as to which such a person has been adjudged by a court of competent jurisdiction, after exhaustion of all appeals therefrom, to be liable to the corporation or for amounts paid in settlement to the corporation, unless and only to the extent that the court in which the action or suit was brought or other court of competent jurisdiction determines upon application that in view of all the circumstances of the case, the person is fairly and reasonably entitled to indemnity for such expenses as the court deems proper.
3.  To the extent that a director, officer, employee or agent of a corporation has been successful on the merits or otherwise in defense of any action, suit or proceeding referred to in subsections 1 and 2, or in defense of any claim, issue or matter therein, the corporation shall indemnify him against expenses, including attorneys' fees, actually and reasonably incurred by him in connection with the defense."
NRS "78.751.  Authorization Required For Discretionary Indemnification; Advancement Of Expenses; Limitation On Indemnification And Advancement Of Expenses.
1.  Any discretionary indemnification pursuant to NRS 78.7502, unless ordered by a court or advanced pursuant to subsection 2, may be made by the corporation only as authorized in the specific case upon a determination that indemnification of the director, officer, employee or agent is proper in the circumstances. The determination must be made:
By the stockholders;
By the board of directors by majority vote of a quorum consisting of directors who were not parties to the action, suit or proceeding;
If a majority vote of a quorum consisting of directors who were not parties to the action, suit or proceeding so orders, by independent legal counsel in a written opinion; or
If a quorum consisting of directors who were not parties to the action, suit or proceeding cannot be obtained, by independent legal counsel in a written opinion.
2.  The articles of incorporation, the bylaws or an agreement made by the corporation may provide that the expenses of officers and directors incurred in defending a civil or criminal action, suit or proceeding must be paid by the corporation as they are incurred and in advance of the final disposition of the action, suit or proceeding, upon receipt of an undertaking by or on behalf of the director or officer to repay the amount if it is ultimately determined by a court of competent jurisdiction that he is not entitled to be indemnified by the corporation. The provisions of this subsection do not affect any rights to advancement of expenses to which corporate personnel other than directors or officers may be entitled under any contract or otherwise by law.
3.  The indemnification pursuant to NRS 78.7502 and advancement of expenses authorized in or ordered by a court pursuant to this section:
Does not exclude any other rights to which a person seeking indemnification or advancement of expenses may be entitled under the articles of incorporation or any bylaw, agreement, vote of stockholders or disinterested directors or otherwise, for either an action in his official capacity or an action in another capacity while holding his office, except that indemnification, unless ordered by a court pursuant to NRS 78.7502 or for the advancement of expenses made pursuant to subsection 2, may not be made to or on behalf of any director or officer if a final adjudication establishes that his acts or omissions involved intentional misconduct, fraud or a knowing violation of the law and was material to the cause of action.
Continues for a person who has ceased to be a director, officer, employee or agent and inures to the benefit of the heirs, executors and administrators of such a person."
NRS "78.752.  Insurance And Other Financial Arrangements Against Liability Of Directors, Officers, Employees And Agents.
1.  A corporation may purchase and maintain insurance or make other financial arrangements on behalf of any person who is or was a director, officer, employee or agent of the corporation, or is or was serving at the request of the corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise for any liability asserted against him and liability and expenses incurred by him in his capacity as a director, officer, employee or agent, or arising out of his status as such, whether or not the corporation has the authority to indemnify him against such liability and expenses.
2.  The other financial arrangements made by the corporation pursuant to subsection 1 may include the following:
The creation of a trust fund.
The establishment of a program of self-insurance.
The securing of its obligation of indemnification by granting a security interest or other lien on any assets of the corporation.
The establishment of a letter of credit, guaranty or surety. No financial arrangement made pursuant to this subsection may provide protection for a person adjudged by a court of competent jurisdiction, after exhaustion of all appeals therefrom, to be liable for intentional misconduct, fraud or a knowing violation of law, except with respect to the advancement of expenses or indemnification ordered by a court.
3.  Any insurance or other financial arrangement made on behalf of a person pursuant to this section may be provided by the corporation or any other person approved by the board of directors, even if all or part of the other person's stock or other securities is owned by the corporation.
4.  In the absence of fraud:
The decision of the board of directors as to the propriety of the terms and conditions of any insurance or other financial arrangement made pursuant to this section and the choice of the person to provide the insurance or other financial arrangement is conclusive; and
The insurance or other financial arrangement:
Is not void or voidable; and
Does not subject any director approving it to personal liability for his action, even if a director approving the insurance or other financial arrangement is a beneficiary of the insurance or other financial arrangement.
5.  A corporation or its subsidiary which provides self-insurance for itself or for another affiliated corporation pursuant to this section is not subject to the provisions of Title 57 of NRS."
The effect of the foregoing is to require the Registrant to the extent permitted by law to indemnify the officers, directors, employees and agents of the Registrant for any claim arising against such persons in their official capacities if such person acted in good faith and in a manner that he reasonably believed to be in or not opposed to the best interests of the Registrant, and, with respect to any criminal action or proceeding, had no reasonable cause to believe his conduct was unlawful.
Insofar as indemnification for liabilities arising under the Securities Act of 1933 (the "Securities Act") may be permitted to directors, officers or persons controlling the Registrant pursuant to the foregoing provisions, the Registrant has been informed that, in the opinion of the Securities and Exchange Commission, such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable.
Item 7.    Exemption from Registration Claimed.
Not applicable.
Item 8.    Exhibits.
Exhibits
4.1
Specimen Common Stock Certificate of the Registrant(1)
5.1
Opinion of Patrick C. Clary, Chartered as to the legality of the Common Shares issuable pursuant to the Consulting Fee Agreement
dated August 25, 2004
10.1
Consulting Fee Agreement dated August 25, 2004 between the Registrant and Carlyle Financial Consulting Group
23.1
Consent of Epstein Weber & Conover, PLC
23.2
Consent of Patrick C. Clary, Chartered (included in the opinion filed as Exhibit 5.1 hereto)
(1) Denotes document filed as an exhibit to our Form SB-2, as amended, filed with the
Commission on October 9, 2001 and incorporated herein by reference.
Item 9.    Undertakings.
(a)   The undersigned Registrant hereby undertakes:
(1)   To file, during any period in which offers or sales are
being made, a post-effective amendment to this Registration Statement:
(i)  To include any prospectus required by
Section 10(a)(3) of the Securities Act;
(ii)  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 the registration statement. Notwithstanding the
foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not
exceed that which was registered) and any deviation from the low or high and of the estimated maximum offering range may be
reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in
volume and price represent no more than a 20 percent change in the maximum aggregate offering price set forth in the
"Calculation of Registration Fee" table in the effective registration statement;
(iii)  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;
provided, however, that paragraphs (1)(i) and (1)(ii) do not apply if the registration statement is on Form S-3, Form S-8 or
Form F-3, and the information required to be included in a post-effective amendment by those paragraphs is contained in periodic
reports filed with or furnished to the Commission by the Registrant pursuant to Section 13 or 15(d) of the Exchange Act that are
incorporated by reference in the registration statement.
(2)  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.
(3)  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.
(4)  That, for purposes of determining any liability under
the Securities Act, each filing of the Registrant's annual report pursuant to Section 13(a) or 15(d) of the Exchange Act that is
incorporated by reference in the 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.
Insofar as indemnification for liabilities arising under the
Securities Act may be permitted to directors, officers and controlling persons of the Registrant pursuant to the foregoing
provisions, or otherwise, the Registrant has been advised that in the opinion of the Securities and Exchange 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 such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the
final adjudication of such issue.
SIGNATURES
Pursuant to the requirements of the Securities Act, the Registrant certifies that it has reasonable grounds to believe
that it meets all of the requirements for filing on Form 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 Portland, State of Oregon, on the 2
nd
day of
September, 2004.
AERO MARINE ENGINE, INC.
By:
/s/  BENJAMIN LANGFORD
Name:  Benjamin Langford
Title:    President
EXHIBIT INDEX
Exhibit Number
Description of Exhibit
4.1
Specimen Common Stock Certificate of the Registrant(1)
5.1
Opinion of Patrick C. Clary, Chartered as to the legality of the Common Shares issuable pursuant to the Consulting Fee Agreement
dated August 25, 2004
10.1
Consulting Fee Agreement dated August 25, 2004 between the Registrant and Carlyle Financial Consulting Group
23.1
Consent of Epstein Weber & Conover, PLC
23.2
Consent of Patrick C. Clary, Chartered (included in the opinion filed as Exhibit 5.1 hereto)
(1) Denotes document filed as an exhibit to our Form SB-2, as amended, filed with the
Commission on October 9, 2001 and incorporated herein by reference.