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     <TD align=center width="99%" colSpan=3><B><FONT face=serif>SECURITIES AND EXCHANGE COMMISSION</FONT></B></TD></TR>
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     <TD align=center width="99%" background="" colSpan=3>&nbsp;</TD></TR>
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     <TD align=center width="99%" colSpan=3><B><FONT face=serif>Washington, D.C. 20549</FONT></B></TD></TR>
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     <TD align=center width="99%" colSpan=3><B><FONT face=serif>FORM 8-K</FONT></B></TD></TR>
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     <TD align=center width="99%" colSpan=3><B><FONT face=serif>CURRENT REPORT</FONT></B></TD></TR>
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     <TD noWrap align=center width="99%" colSpan=3><B><FONT face=serif>Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</FONT></B></TD></TR>
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     <TD align=center width="99%" colSpan=3><B><FONT face=serif>Date of report: November 15, 2006</FONT></B></TD></TR>
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     <TD align=center width="99%" colSpan=3><FONT face=serif>(Date of earliest event reported)</FONT></TD></TR>
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     <TD width="99%" colSpan=3>&nbsp; </TD></TR>
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     <TD align=center width="99%" colSpan=3><B><FONT face=serif>eLEC COMMUNICATIONS CORP.</FONT></B></TD></TR>
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     <TD align=center width="99%" colSpan=3><FONT face=serif>(Exact name of Registrant as specified in its charter)</FONT></TD></TR>
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     <TD align=center width="94%" colSpan=3><B><FONT face=serif>New York</FONT></B></TD></TR>
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     <TD align=center width="94%" colSpan=3><FONT face=serif>(State or other jurisdiction of incorporation)</FONT></TD></TR>
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     <TD noWrap align=center width="40%"><B><FONT face=serif>0-4465</FONT></B></TD>
     <TD width="14%">&nbsp; </TD>
     <TD noWrap align=center width="40%"><B><FONT face=serif>13-2511270</FONT></B></TD></TR>
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     <TD noWrap align=center width="40%"><FONT face=serif>(Commission File No.)</FONT></TD>
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     <TD noWrap align=center width="40%"><FONT face=serif>(I.R.S. Employer</FONT></TD></TR>
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     <TD noWrap align=center width="40%"><FONT face=serif>Identification No.)</FONT></TD></TR></TABLE></DIV><BR>
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     <TD align=center width="99%" colSpan=3><B><FONT face=serif>75 South Broadway, Suite 302</FONT></B></TD></TR>
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     <TD align=center width="99%" colSpan=3><B><FONT face=serif>White Plains, New York 10601</FONT></B></TD></TR>
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     <TD align=center width="99%" colSpan=3><FONT face=serif>(Address of principal executive offices; zip code)</FONT></TD></TR>
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     <TD align=center width="99%" colSpan=3><B><FONT face=serif>(914) 682-0214</FONT></B></TD></TR>
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     <TD align=center width="99%" colSpan=3><FONT face=serif>(Registrant&#146;s telephone number, including area code)</FONT></TD></TR>
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     <TD align=center width="99%" colSpan=3><B><FONT face=serif>N/A</FONT></B></TD></TR>
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     <TD align=center width="99%" colSpan=3><FONT face=serif>(Former Name or Former Address, if changed Since Last Report)</FONT></TD></TR>
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     <TD noWrap align=left width="99%" colSpan=3>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=serif size=2>Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the</FONT></TD></TR>
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     <TD noWrap align=left width="99%" colSpan=3><FONT face=serif size=2>filing obligation of the registrant under any of the following provisions (</FONT><I><FONT face=serif size=2>see </FONT></I><FONT face=serif size=2>General Instruction A.2.</FONT></TD></TR>
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     <TD noWrap align=left width="9%"><FONT face=serif size=2>below):</FONT></TD>
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     <TD noWrap align=right width="9%"><FONT face=Wingdings>&#168;</FONT></TD>
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     <TD noWrap align=left width="88%">&nbsp;<FONT face=serif size=2>Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT>&nbsp; </TD></TR>
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     <TD noWrap align=right width="9%"><FONT face=Wingdings>&#168;</FONT></TD>
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     <TD noWrap align=left width="88%">&nbsp;<FONT face=serif size=2>Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT>&nbsp; </TD></TR>
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     <TD noWrap align=right width="9%"><FONT face=Wingdings>&#168;</FONT></TD>
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     <TD noWrap align=left width="88%">&nbsp;<FONT face=serif size=2>Pre-commencement communications pursuant to Rule 14-2(b) under the Exchange Act (17</FONT>&nbsp; </TD></TR>
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     <TD noWrap align=left width="9%">&nbsp; </TD>
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     <TD noWrap align=left width="88%">&nbsp;<FONT face=serif size=2>CFR 240.14d-2(b))</FONT>&nbsp; </TD></TR>
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     <TD noWrap align=right width="9%"><FONT face=Wingdings>&#168;</FONT></TD>
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     <TD noWrap align=left width="88%">&nbsp;<FONT face=serif size=2>Pre-commencement communications pursuant to Rule 13-4(e) under the Exchange Act (17</FONT>&nbsp; </TD></TR>
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     <TD noWrap align=left width="88%"><FONT face=serif size=2>CFR 240.13e-4(c))</FONT>&nbsp; </TD></TR>
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     <TD noWrap align=left width="99%" colSpan=3><FONT face=serif size=1>404839/04081.00042</FONT>&nbsp; </TD></TR></TABLE></DIV><BR>
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     <TD align=center width="99%" colSpan=5><B><FONT face=serif>SECTION 2 &#150; FINANCIAL INFORMATION</FONT></B> </TD></TR>
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     <TD width="99%" colSpan=5>&nbsp; </TD></TR>
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     <TD noWrap align=left width="14%" colSpan=3><B><FONT face=serif>Item 2.03.</FONT></B></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="83%"><B><FONT face=serif>Creation of a Direct Financial Obligation or an Obligation under an Off-</FONT></B></TD></TR>
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     <TD noWrap align=left width="5%">&nbsp; </TD>
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     <TD noWrap align=left width="7%">&nbsp; </TD>
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     <TD noWrap align=left width="83%"><B><FONT face=serif>Balance Sheet Arrangement of a Registrant.</FONT></B></TD></TR>
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     <TD noWrap align=left width="92%" colSpan=3><FONT face=serif>As previously reported, on June 2, 2006 the Company consummated a private placement</FONT>&nbsp; </TD></TR>
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     <TD noWrap align=left width="99%" colSpan=5><FONT face=serif>with Laurus Master Fund, Ltd., a Cayman Islands corporation (&#147;Laurus&#148;), pursuant to which the</FONT>&nbsp; </TD></TR>
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     <TD noWrap align=left width="99%" colSpan=5><FONT face=serif>Company issued to Laurus a secured term note in the principal amount of $1,700,000 (the</FONT>&nbsp; </TD></TR>
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     <TD noWrap align=left width="99%" colSpan=5><FONT face=serif>&#147;Note&#148;). The Note was divided into two pieces, consisting of an &#147;Amortizing Principal Amount&#148;</FONT>&nbsp; </TD></TR>
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     <TD noWrap align=left width="99%" colSpan=5><FONT face=serif>of $650,000 and a &#147;Non-Amortizing Principal Amount&#148; of $1,050,000. On June 2, 2006, the</FONT>&nbsp; </TD></TR>
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     <TD noWrap align=left width="99%" colSpan=5><FONT face=serif>Company received the Amortizing Principal Amount, and the Non-Amortizing Principal Amount</FONT>&nbsp; </TD></TR>
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     <TD noWrap align=left width="99%" colSpan=5><FONT face=serif>was placed in a restricted cash account and held in escrow pending a future transaction. The</FONT>&nbsp; </TD></TR>
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     <TD noWrap align=left width="99%" colSpan=5><FONT face=serif>Company received the Non-Amortizing Principal Amount on November 15, 2006, because it met</FONT>&nbsp; </TD></TR>
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     <TD noWrap align=left width="99%" colSpan=5><FONT face=serif>certain performance milestones that had been established by Laurus. The Note matures on May</FONT>&nbsp; </TD></TR>
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     <TD noWrap align=left width="99%" colSpan=5><FONT face=serif>31, 2009 and requires monthly principal payments beginning on June 1, 2007. Interest is</FONT>&nbsp; </TD></TR>
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     <TD noWrap align=left width="99%" colSpan=5><FONT face=serif>payable on the unpaid principal on the Note at a rate per annum equal to the &#147;prime rate&#148;</FONT>&nbsp; </TD></TR>
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     <TD noWrap align=left width="99%" colSpan=5><FONT face=serif>published in </FONT><I><FONT face=serif>The Wall Street Journal </FONT></I><FONT face=serif>from time to time, plus two percent (2%).</FONT>&nbsp; </TD></TR>
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     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="92%" colSpan=3><FONT face=serif>Please see Item 1.01 of the Company&#146;s June 2, 2006 Current Report on Form 8-K, which</FONT>&nbsp; </TD></TR>
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     <TD noWrap align=left width="99%" colSpan=5><FONT face=serif>is incorporated herein by reference, for a description of the terms of the sale of the Note to</FONT>&nbsp; </TD></TR>
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     <TD noWrap align=left width="14%" colSpan=3><FONT face=serif>Laurus.</FONT>&nbsp; </TD>
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     <TD noWrap align=left width="83%">&nbsp; </TD></TR>
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     <TD align=center width="99%" colSpan=5><B><FONT face=serif>SECTION 3 &#150; SECURITIES AND TRADING MARKETS</FONT></B></TD></TR>
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     <TD width="99%" colSpan=5>&nbsp; </TD></TR>
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     <TD noWrap align=left width="14%" colSpan=3><B><FONT face=serif>Item 3.02.</FONT></B></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="83%"><B><FONT face=serif>Unregistered Sales of Equity Securities.</FONT></B></TD></TR>
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     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="92%" colSpan=3><FONT face=serif>On November 20, 2006, the Company paid to Source Capital Group, Inc. (&#147;Source</FONT>&nbsp; </TD></TR>
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     <TD noWrap align=left width="99%" colSpan=5><FONT face=serif>Capital&#148;), in consideration of the introduction made by Source Capital of Laurus to the Company,</FONT>&nbsp; </TD></TR>
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     <TD noWrap align=left width="99%" colSpan=5><FONT face=serif>a finder&#146;s fee in the amount of $84,000 and issued to or at the direction of Source Capital</FONT>&nbsp; </TD></TR>
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     <TD noWrap align=left width="99%" colSpan=5><FONT face=serif>common stock purchase warrants (the &#147;Source Warrants&#148;) to purchase up to an aggregate of</FONT>&nbsp; </TD></TR>
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     <TD noWrap align=left width="99%" colSpan=5><FONT face=serif>400,000 shares of Common Stock at an exercise price of $0.21 per share. The Source Warrants</FONT>&nbsp; </TD></TR>
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     <TD noWrap align=left width="99%" colSpan=5><FONT face=serif>expire on November 15, 2010. The Source Warrants were issued in reliance on the exemption</FONT>&nbsp; </TD></TR>
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     <TD noWrap align=left width="99%" colSpan=5><FONT face=serif>from registration provided by Section 4(2) of the Act, on the basis that their issuance did not</FONT>&nbsp; </TD></TR>
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     <TD noWrap align=left width="99%" colSpan=5><FONT face=serif>involve a public offering and satisfied the conditions of Rule 506 of the Act, and Source Capital</FONT>&nbsp; </TD></TR>
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     <TD noWrap align=left width="99%" colSpan=5><FONT face=serif>represented to us that it is an &#147;accredited investor,&#148; as defined in the Act.</FONT>&nbsp; </TD></TR>
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     <TD align=center width="99%" colSpan=5><B><FONT face=serif>SECTION 9 &#150; FINANCIAL STATEMENT AND EXHIBITS</FONT></B></TD></TR>
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     <TD width="99%" colSpan=5>&nbsp; </TD></TR>
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     <TD noWrap align=left width="14%" colSpan=3><B><FONT face=serif>Item 9.01</FONT></B></TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="83%"><B><FONT face=serif>Financial Statements and Exhibits.</FONT></B></TD></TR>
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     <TD noWrap align=left width="5%"><FONT face=serif>(c)</FONT>&nbsp; </TD>
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     <TD noWrap align=left width="92%" colSpan=3><FONT face=serif>Exhibits.</FONT></TD></TR>
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     <TD noWrap align=left width="14%" colSpan=3><FONT face=serif size=1>404839/04081.00042</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
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     <TD noWrap align=center width="12%"><U><FONT face=serif>Number</FONT></U>&nbsp; </TD>
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     <TD noWrap align=center width="12%"><FONT face=serif>10.1</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="85%"><FONT face=serif>Securities Purchase Agreement, dated as of May 31, 2006, between eLEC</FONT>&nbsp; </TD></TR>
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     <TD noWrap align=left width="12%">&nbsp; </TD>
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     <TD noWrap align=left width="85%"><FONT face=serif>Communications Corp. and Laurus Master Fund, Ltd., incorporated by</FONT>&nbsp; </TD></TR>
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     <TD noWrap align=left width="12%">&nbsp; </TD>
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     <TD noWrap align=left width="85%"><FONT face=serif>reference to Exhibit 10.1 to the Company&#146;s Current Report on Form 8-K</FONT>&nbsp; </TD></TR>
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     <TD noWrap align=left width="12%">&nbsp; </TD>
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     <TD noWrap align=left width="85%"><FONT face=serif>dated June 2, 2006</FONT>&nbsp; </TD></TR>
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     <TD noWrap align=center width="12%"><FONT face=serif>10.2</FONT>&nbsp; </TD>
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     <TD noWrap align=left width="85%"><FONT face=serif>Secured Term Note, dated as of May 31, 2005, between eLEC</FONT>&nbsp; </TD></TR>
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     <TD noWrap align=left width="12%">&nbsp; </TD>
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     <TD noWrap align=left width="85%"><FONT face=serif>Communications Corp. and Laurus Master Fund, Ltd. incorporated by</FONT>&nbsp; </TD></TR>
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     <TD noWrap align=left width="12%">&nbsp; </TD>
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     <TD noWrap align=left width="85%"><FONT face=serif>reference to Exhibit 10.2 to the Company&#146;s Current Report on Form 8-K</FONT>&nbsp; </TD></TR>
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     <TD noWrap align=left width="85%"><FONT face=serif>dated June 2, 2006.</FONT>&nbsp; </TD></TR>
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     <TD noWrap align=center width="12%"><FONT face=serif>10.3</FONT>&nbsp; </TD>
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     <TD noWrap align=left width="85%"><FONT face=serif>Reaffirmation and Ratification Agreement, dated as of May 31, 2006,</FONT>&nbsp; </TD></TR>
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     <TD noWrap align=left width="12%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="85%"><FONT face=serif>executed by eLEC Communications Corp., New Rochelle Telephone</FONT>&nbsp; </TD></TR>
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     <TD noWrap align=left width="12%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="85%"><FONT face=serif>Corp., Telecarrier Services, Inc., Vox Communications Corp., Line One,</FONT>&nbsp; </TD></TR>
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     <TD noWrap align=left width="12%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="85%"><FONT face=serif>Inc., AVI Holding Corp. and TelcoSoftware.com Corp., incorporated by</FONT>&nbsp; </TD></TR>
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     <TD noWrap align=left width="12%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="85%"><FONT face=serif>reference to Exhibit 10.3 to the Company&#146;s Current Report on Form 8-K</FONT>&nbsp; </TD></TR>
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     <TD noWrap align=left width="12%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="85%"><FONT face=serif>dated June 2, 2006.</FONT>&nbsp; </TD></TR>
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     <TD noWrap align=center width="12%"><FONT face=serif>10.4</FONT>&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="85%"><FONT face=serif>Form of Common Stock Purchase Warrant, dated as of November 15,</FONT>&nbsp; </TD></TR>
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     <TD noWrap align=left width="12%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="85%"><FONT face=serif>2006, issued by eLEC Communications Corp. to or on the order of Source</FONT>&nbsp; </TD></TR>
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     <TD noWrap align=left width="12%">&nbsp; </TD>
     <TD width="2%">&nbsp; </TD>
     <TD noWrap align=left width="85%"><FONT face=serif>Capital Group, Inc., incorporated by reference to Exhibit 10.6 to the</FONT>&nbsp; </TD></TR>
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     <TD noWrap align=left width="12%" background=""></TD>
     <TD width="2%" background=""></TD>
     <TD noWrap align=left width="85%" background="">Company&#146;s Current Report on Form 8-K dated June 2, 2006. </TD></TR>
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     <TD noWrap align=left width="12%" background="">&nbsp;</TD>
     <TD width="2%" background=""></TD>
     <TD noWrap align=left width="85%" background=""></TD></TR>
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     <TD noWrap align=left width="12%" background=""><FONT size=1>404839/04081.00042</FONT></TD>
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<P align=center><FONT face=serif>2</FONT></P></TD></TR></TABLE>
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     <TD align=center width="99%" colSpan=5><B><FONT face=serif>SIGNATURES</FONT></B></TD></TR>
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     <TD width="99%" colSpan=5>&nbsp; </TD></TR>
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     <TD noWrap align=left width="99%" colSpan=5>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<FONT face=serif>Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the</FONT></TD></TR>
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     <TD noWrap align=left width="99%" colSpan=5><FONT face=serif>registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly</FONT></TD></TR>
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     <TD noWrap align=left width="48%"><FONT face=serif>authorized.</FONT></TD>
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     <TD width="35%">eLEC COMMUNICATIONS CORP.</TD>
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     <TD noWrap align=left width="48%"><FONT face=serif>Date:&nbsp; November 20, 2006</FONT></TD>
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     <TD noWrap align=right width="3%"><FONT face=serif>By:</FONT></TD>
     <TD style="BORDER-BOTTOM: #000000 1pt solid" width="35%">&nbsp; /s/ Paul H. Riss</TD>
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     <TD width="35%">Paul H. Riss</TD>
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     <TD noWrap align=left width="48%">&nbsp; </TD>
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     <TD width="35%">Chief Executive Officer</TD>
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knovember152006.htm -- Converted by SEC Publisher, created by BCL Technologies Inc., for SEC Filing
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: November 15, 2006
(Date of earliest event reported)
eLEC COMMUNICATIONS CORP.
(Exact name of Registrant as specified in its charter)
New York
(State or other jurisdiction of incorporation)
0-4465
13-2511270
(Commission File No.)
(I.R.S. Employer
Identification No.)
75 South Broadway, Suite 302
White Plains, New York 10601
(Address of principal executive offices; zip code)
(914) 682-0214
(Registrant's telephone number, including area code)
N/A
(Former Name or Former Address, if changed Since Last Report)
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 14-2(b) under the Exchange Act (17
CFR 240.14d-2(b))
¨
Pre-commencement communications pursuant to Rule 13-4(e) under the Exchange Act (17
CFR 240.13e-4(c))
404839/04081.00042
SECTION 2 – FINANCIAL INFORMATION
Item 2.03.
Creation of a Direct Financial Obligation or an Obligation under an Off-
Balance Sheet Arrangement of a Registrant.
As previously reported, on June 2, 2006 the Company consummated a private placement
with Laurus Master Fund, Ltd., a Cayman Islands corporation ("Laurus"), pursuant to which the
Company issued to Laurus a secured term note in the principal amount of $1,700,000 (the
"Note"). The Note was divided into two pieces, consisting of an "Amortizing Principal Amount"
of $650,000 and a "Non-Amortizing Principal Amount" of $1,050,000. On June 2, 2006, the
Company received the Amortizing Principal Amount, and the Non-Amortizing Principal Amount
was placed in a restricted cash account and held in escrow pending a future transaction. The
Company received the Non-Amortizing Principal Amount on November 15, 2006, because it met
certain performance milestones that had been established by Laurus. The Note matures on May
31, 2009 and requires monthly principal payments beginning on June 1, 2007. Interest is
payable on the unpaid principal on the Note at a rate per annum equal to the "prime rate"
published in
The Wall Street Journal
from time to time, plus two percent (2%).
Please see Item 1.01 of the Company's June 2, 2006 Current Report on Form 8-K, which
is incorporated herein by reference, for a description of the terms of the sale of the Note to
Laurus.
SECTION 3 – SECURITIES AND TRADING MARKETS
Item 3.02.
Unregistered Sales of Equity Securities.
On November 20, 2006, the Company paid to Source Capital Group, Inc. ("Source
Capital"), in consideration of the introduction made by Source Capital of Laurus to the Company,
a finder's fee in the amount of $84,000 and issued to or at the direction of Source Capital
common stock purchase warrants (the "Source Warrants") to purchase up to an aggregate of
400,000 shares of Common Stock at an exercise price of $0.21 per share. The Source Warrants
expire on November 15, 2010. The Source Warrants were issued in reliance on the exemption
from registration provided by Section 4(2) of the Act, on the basis that their issuance did not
involve a public offering and satisfied the conditions of Rule 506 of the Act, and Source Capital
represented to us that it is an "accredited investor," as defined in the Act.
SECTION 9 – FINANCIAL STATEMENT AND EXHIBITS
Item 9.01
Financial Statements and Exhibits.
(c)
Exhibits.
404839/04081.00042
Number
Documents
10.1
Securities Purchase Agreement, dated as of May 31, 2006, between eLEC
Communications Corp. and Laurus Master Fund, Ltd., incorporated by
reference to Exhibit 10.1 to the Company's Current Report on Form 8-K
dated June 2, 2006
10.2
Secured Term Note, dated as of May 31, 2005, between eLEC
Communications Corp. and Laurus Master Fund, Ltd. incorporated by
reference to Exhibit 10.2 to the Company's Current Report on Form 8-K
dated June 2, 2006.
10.3
Reaffirmation and Ratification Agreement, dated as of May 31, 2006,
executed by eLEC Communications Corp., New Rochelle Telephone
Corp., Telecarrier Services, Inc., Vox Communications Corp., Line One,
Inc., AVI Holding Corp. and TelcoSoftware.com Corp., incorporated by
reference to Exhibit 10.3 to the Company's Current Report on Form 8-K
dated June 2, 2006.
10.4
Form of Common Stock Purchase Warrant, dated as of November 15,
2006, issued by eLEC Communications Corp. to or on the order of Source
Capital Group, Inc., incorporated by reference to Exhibit 10.6 to the
Company's Current Report on Form 8-K dated June 2, 2006.
404839/04081.00042
2
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the
registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly
authorized.
eLEC COMMUNICATIONS CORP.
Date:  November 20, 2006
By:
/s/ Paul H. Riss
Paul H. Riss
Chief Executive Officer
3