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 (Date of earliest event reported): ~~September~~June 2423, ~~2007~~2009

AXIAL VECTOR ENGINE CORPORATION

(Exact name of registrant as specified in its charter)

Nevada	000-49698	98-0353007
(State or other jurisdiction of incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

One World Trade Center, 121 SW Salmon Street, Portland, Oregon	97204
Jebel Ali Free Zone, LOB 21 F07 - First Floor, Dubai, United Arab Emirates	00000
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: ~~(503)~~971 4 887 ~~471-1348~~5351

~~_________________________________________~~One World Trade Center, 121 SW Salmon Street, Portland, Oregon 97207 (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:

[ ]	Written communications pursuant to Rule 425 under the Securities Act (17CFR 230.425)

[ ]	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ ]	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ ]	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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SECTION 15 --– ~~REGISTRANT’S~~Corporate ~~BUSINESS~~Governance ~~AND~~and ~~OPERATIONS~~Management

Item 1 5.~~01. Entry~~02 ~~into~~Departure aof ~~Material~~Directors ~~Definitive Agreement~~or Principal Officers; Election of Directors; Appointment of Principal Officers

~~The~~Effective ~~Company~~June ~~entered into a joint venture agreement with Eastcom Ltd.~~23, ~~a U.K. company~~2009, toAhmed ~~perform~~Khalifa resigned ~~internal~~as ~~combustion~~a ~~engine~~member ~~manufacturing~~ and ~~sales~~as ~~in Europe~~Chairman ~~and~~of board ~~the~~of ~~Middle~~directors ~~East. This~~of ~~relates to the~~ Axial ~~Gas Cam Engine, patent~~Vector ~~pending (notice of allowance previously issued by the USPTO)~~Engine Corporporation. ~~The agreement~~There ~~requires~~was ~~Eastcom~~no ~~Ltd~~known todisagreement ~~pay~~with ~~the Company an advance royalty of $500,000~~Mr. inKhalifa ~~relation~~on toany amatter ~~per~~relating ~~unit royalty fee of 20% of the gross sales for each manufactured engine completed by Eastcom Ltd. Eastcom is also required~~ to ~~begin final assembly of~~ the ~~internal combustion engines within 120 days from the date of the contract. The~~ Company’s ~~anticipates~~operations, ~~that~~policies ~~Eastcom Ltd. will~~or ~~complete no less than 200 engines during the initial period of the 20 year term of the contract~~practices.

SECTION 2 - FINANCIAL INFORMATION

None

SECTION 3 - SECURITIES AND TRADING MARKETS

None

SECTION 4 - MATTERS RELATED TO ACCOUNTANTS AND FINANCIAL STATEMENTS

None.

SECTION 5 - CORPORATE GOVERNANCE AND MANAGEMENT

None

SECTION 6 - RESERVED

None

SECTION 7 - REGULATION FD

None

SECTION 8 - OTHER EVENTS

~~None~~On June 23, 2009, Global Operations – CBS LLC a contract financial advisor to Axial Vector Engine Corporation with offices in Dubai, Geneva and London has purchased the remaining common stock position of Axial Vector Engine Corporation (3.2 million shares) previously owned by Emirates International Capital Advisory. The purchase was made for investment purposes only. Global may from time to time acquire additional positions.

SECTION 9 - FINANCIAL STATEMENTS AND EXHIBITS

None

10.1 Memorandum of Understanding

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Axial Vector Engine Corporation

By: /s/ Sanjai ~~Samuel~~Chhaunker ~~Higgins~~

~~Samuel~~Sanjai ~~Higgins~~Chhaunker

Chief Executive Officer

Date: ~~October~~June 223, ~~2007~~2009

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