Document:

EXHIBIT B

                        ACCREDITED INVESTOR QUESTIONNAIRE

         The Subscriber warrants and represents to the Company that it qualifies
as an  "accredited  investor,"  as  such  term is  defined  in  Rule  501(a)  of
Regulation  D under the  Securities  Act of 1933,  as amended  (the  "Securities
Act"), by virtue of the fact that the Subscriber meets the following criteria at
the  time of the  sale of the  Securities  to the  Subscriber  (Subscriber  must
initial the applicable categories below):

I. ACCREDITED INVESTOR STATUS

         A.  Individual  Investors:  (Initial  one  or  more  of  the  following
statements)

                  1. ____ I certify that I am an accredited  investor  because I
have had individual income (exclusive of any income earned by my spouse) of more
than  $200,000 in each of the two most recent  calendar  years and I  reasonably
expect to have an individual income in excess of $200,000 for the current year.

                  2. ____ I certify that I am an accredited  investor  because I
have had joint  income  with my spouse in excess of  $300,000 in each of the two
most recent calendar years and I reasonably  expect to have joint income with my
spouse in excess of $300,000 for the current year.

                  3. ____ I certify that I am an accredited  investor  because I
have an  individual  net worth,  or my spouse  and I have a joint net worth,  in
excess of $1,000,000.

                  4. ____ I certify that I am an accredited  investor  because I
am a  director,  executive  officer,  or  general  partner  of the issuer of the
securities being offered or sold, or any director, executive officer, or general
partner of a general partner of that issuer.

         B. Partnerships,  Corporations,  Trusts or Other Entities: (Initial one
of the following statements)

                  1. The undersigned  hereby  certifies that it is an accredited
investor because it is:

                    a. ______ any corporation,  partnership, or Massachusetts or
similar  business  trust,  not formed for the specific  purpose of acquiring the
securities offered, with total assets in excess of $5,000,000;

                    b. ______ a trust with total assets in excess of $5,000,000,
not formed for the specific purpose of acquiring the securities  offered,  whose
purchase  is  directed  by a person who has such  knowledge  and  experience  in
financial and business  matters that he is capable of evaluating  the merits and
risks  of  an  investment  in  the  securities  offered  as  described  in  Rule
506(b)(2)(ii) under the Securities Act;

                    c. ______ an employee benefit plan within the meaning of the
Employee Retirement Income Security Act of 1974, whose investment  decisions are
made by a plan  fiduciary,  as defined  in Section 3 (21) of such act,  which is
either a bank, savings and loan association,  an insurance company or registered
investment adviser;

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                    d. ______ a self-directed  employee  benefit plan within the
meaning of the Employee  Retirement Income Security Act of 1974, with investment
decisions made solely by persons that are accredited investors;

                    e. ______ an employee benefit plan within the meaning of the
Employee  Retirement  Income Security Act of 1974 with total assets in excess of
$5,000,000;

                    f. ______ any plan  established  and  maintained by a state,
its political  subdivisions,  or any agency or instrumentality of a state or its
political subdivisions,  for the benefit of its employees,  with total assets in
excess of $5,000,000;

                    g. ______ an organization  described in Section 501(c)(3) of
the  Internal  Revenue  Code of 1986,  as amended,  not formed for the  specific
purpose of  acquiring  the  securities  offered,  with total assets in excess of
$5,000,000;

                    h. ______ a private business  development company as defined
in Section 202(a)(22) of the Investment Advisers Act of 1940;

                    i.  ______ any bank as  defined  in  Section  3(a)(2) of the
Securities  Act or any  savings and loan  association  or other  institution  as
defined  in Section  3(a)(5)(A)  of the  Securities  Act  whether  acting in its
individual or fiduciary capacity;

                    j.  ______  any  broker or  dealer  registered  pursuant  to
Section 15 of the Securities Exchange Act of 1934, as amended;

                    k.  ______  any  insurance  company  as  defined  in Section
2(a)(13) of the Securities Act;

                    l.  ______  any  investment  company  registered  under  the
Investment Company Act of 1940 or a business  development  company as defined in
Section 2(a)(48) of the Investment Company Act of 1940;

                    m. ______ any Small Business  Investment Company licensed by
the U.S. Small Business  Administration under Section 301(c) or (d) of the Small
Business Investment Act of 1958; or

                    2.  ____  The  undersigned  hereby  certifies  that it is an
accredited  investor  because it is an entity in which each of the equity owners
qualifies as an accredited  investor  under items A(1),  (2) or (3) or item B(1)
above.

                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

                                       2
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Please  indicate  whether  Purchaser is an INDIVIDUAL,  or if purchased as JOINT
TENANTS, as TENANTS IN COMMON, or as COMMUNITY PROPERTY:

Date:                      , 2006
     ----------------------

-----------------------------       ------------------------------
Subscriber(s)                       Subscriber(s)

-----------------------------       ------------------------------
Print Name(s)                       Print Name(s)

-----------------------------       ------------------------------
Print Title                         Print Title

-----------------------------       ------------------------------
Signature(s)                        Signature(s)

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Address

                                       3Exhibit
      4.1

    

    ELEMENT
      21 GOLF COMPANY

    10%
      CONVERTIBLE PROMISSORY NOTE

    

    

    
      
        	
                $________

              	
                 May
                  14,
                  2006

              

      

    

    

    

    FOR
      VALUE RECEIVED,
      the
      undersigned, ELEMENT
      21 GOLF COMPANY,
      a
      Delaware corporation (the “Borrower”),
      hereby
      promises to pay to the order of _____________ (the “Lender”),
      the
      principal amount of __________ ($______) on May 14, 2007 (the “Maturity Date”)
      plus accrued and unpaid interest.

     

    Section
      1. Definitions. All
      capitalized terms used herein and that are not otherwise defined herein shall
      have the respective meanings ascribed to them in the Subscription Agreement,
      dated May 14, 2006, by and between the Borrower and the Lender (the
“Subscription Agreement”).

     

    Section
      2. Prepayment. This
      Note
      or any part of the principal amount hereof (in denominations of one thousand
      dollars ($1,000) or multiples thereof) may be prepaid by the Borrower without
      penalty, premium or prior notice.

     

    Section
      3. Interest. All
      indebtedness outstanding under this Note shall bear interest (computed on the
      basis of a 360-day year) at the rate of ten percent (10%) per annum commencing
      from the date of this Note. Interest shall be payable on the Maturity
      Date.

     

    Section
      4. Conversion. 

     

    (a) The
      outstanding principal and accrued interest on this Note shall, at the option
      of
      the Lender, be converted at any time on or prior to the Maturity Date into
      shares of the Company’s Common Stock, $.01 par value per share (the “Common
      Stock”), at a conversion price equal to the
      lesser of (i) $0.175, or (ii) the ten day trading average of shares of Common
      Stock on the OTC Bulletin Board for the ten trading days ending on the day
      immediately prior to the date of conversion
      (such
      price being referred to herein the “Conversion Price”).

    

    (b) If
      the
      Lender desires to exercise the conversion rights set forth in this Section
      4,
      the Lender shall surrender this Note, duly endorsed, at the principal office
      of
      the Company and shall give written notice to the Borrower at such office of
      its
      election to convert the outstanding principal and accrued interest hereon into
      shares of Common Stock. The notice shall state the name(s) of the nominee(s)
      of
      the Lender in which any shares of Common Stock are to be issued. The Company
      shall, as soon as practicable thereafter, issue and deliver at such office
      to
      the Lender or such nominee(s), a certificate or certificates for the number
      of
      shares of Common Stock to which the Lender or such nominee(s) is
      entitled.

     

    (c)
       No
      fractional shares or scrip shall be issued upon conversion of this Note. Instead
      of issuing any fractional shares that would otherwise be issuable upon
      conversion of this Note (or any portion hereof), the Borrower shall round up
      to
      the nearest whole number of shares and pay to the Lender cash in an amount
      equal
      to the amount of such fractional interest, multiplied by the Conversion
      Price.

     

    Section
      5. Payment
      in U.S. Funds. Unless
      this Note is converted into shares of Common Stock in accordance with Section
      4
      hereof, payments of both principal and interest on this Note are to be made
      in
      lawful money of the United States payable by check payable to the Lender and
      mailed to the address of the Lender as set forth in the first paragraph of
      this
      Note or such other place as the holder hereof shall designate to the Borrower
      in
      writing.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Section
      6. Events
      of Default. The
      following events are Events of Default:

     

    (i) the
      Borrower fails to pay to the holder of this Note any monetary obligation due
      under this Note after having received seven (7) business days prior written
      notice that such obligation has become due;

     

    (ii) the
      Borrower fails, for seven (7) days after written notice, to comply with any
      other material term, condition, covenant, or agreement in this
      Note;

     

    (iii) the
      Borrower becomes insolvent, makes an assignment for the benefit of creditors,
      calls a meeting of its creditors to obtain any general financial accommodation
      or suspends business; or 

     

    (iv) a
      case
      under the Bankruptcy Code is commenced by or against the Borrower or a
      liquidator, trustee, custodian or similar officer is appointed for all or a
      material portion of the Borrower's assets, and such case is not dismissed or
      such appointment is not rescinded within thirty (30) days
      thereafter.

     

    Section
      7. Remedies
      Upon Default. Upon
      the
      occurrence of any Event of Default, the principal amount of and accrued and
      unpaid interest on this Note may be declared by the Lender (by giving written
      notice to the Borrower) to be immediately due and payable by the Borrower.
      Thereafter, the Lender shall be entitled to all rights and remedies provided
      by
      applicable law.

     

    The
      Borrower shall pay the costs and expenses of collection, including, without
      limitation, reasonable attorneys' fees and disbursements if any action, suit
      or
      proceeding is brought by the holder hereof to collect this Note. 

     

    Section
      8. Amendments
      and Assignment. This
      Note
      may be amended by one or more written instruments signed by the Borrower and
      by
      the Lender. Without the Borrower’s prior written consent, this Note may not be
      assigned or negotiated by the Lender.

     

    Section
      9. Non-Recourse. No
      officer, director, shareholder, agent or employee of the Borrower shall be
      personally liable for any of the indebtedness of the Borrower represented by
      this Note or otherwise.

     

    Section
      10. Choice
      of Laws and Jurisdiction. THIS
      NOTE SHALL BE GOVERNED BY, AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE
      LAWS OF THE STATE OF DELAWARE WITHOUT REGARD TO ITS RULES PERTAINING TO
      CONFLICTS OF LAWS. 

     

    
      	 	 	 
	 	
              ELEMENT
                21 GOLF COMPANY

            
	 
 	 
 	 
 
	 	By:  	/s/ 
	 	
              
Name:
              Nataliya Hearn
	 	Title: President

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