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): May 5, 2010
ELEMENTAL PROTECTIVE COATINGS CORP.
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(Exact name of Registrant as specified in its charter)
Nevada 333-148546 20-8248213
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(State or other jurisdiction (Commission File No.) (IRS Employer
of incorporation) Identification No.)
Water Park Place, 20 Bay St., Toronto, ON M5J 2N8
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(Address of principal executive offices, including Zip Code)
Registrant's telephone number, including area code: (646) 448-0197
925 Gardenia Circle,
St. George, Utah 84790
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(Former name or former address if changed since last report)
Item 1.02 Termination of a Material Definitive Agreement
As previously reported, the Company's chain of ownership, pursuant to which
it had acquired from MSE Enviro-Tech, Inc. ("MEVT") certain rights to the
Hartindo fine-inhibitor and Dectan rust protector and fire inhibitor products,
has come into serious question. However, at the same time, the Company was
indebted to MEVT in the amount of $5 million to pay for those rights.
Management is pleased to announce that it has successfully negotiated with
MEVT a termination agreement, pursuant to which the Company has relinquished all
rights to the Hartindo and Dectan products, and has been released from all
obligations pursuant to the $5 million promissory note.
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.
Date: May 10, 2010
ELEMENTAL PROTECTIVE COATINGS CORP.
By: /s/ Gilles Trahan
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Gilles Trahan, President