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Monday, 07/09/2007 9:08:40 AM

Monday, July 09, 2007 9:08:40 AM

Post# of 4581
Form 8-K for ELEMENT 21 GOLF CO


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9-Jul-2007

Entry into a Material Definitive Agreement, Financial Statements and Exhibits



Item 1.01. Entry into a Material Definitive Agreement.
On June 21, 2007, Element 21 Golf Company ("Element 21") entered into a non-exclusive, world-wide Patent License with Advanced Light Alloys Corporation aka ALA Corporation ("Advanced") by which Element 21 licensed Advanced to make, use, and sell fishing lines utilizing certain of Element 21's patents.





Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No. Description
Patent License by and between the Registrant and
10.1 Advanced Light Alloys Corporation dated June 21,
2007.


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