UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d)
of the Securities and Exchange Act of 1934
June 15, 2004
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Date of Report
ENVIROKARE TECH INC
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(Exact Name of Registrant as Specified in its Charter)
Nevada
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(State or Other Jurisdiction of Incorporation)
000-26095 88-0412549
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(Commission File Number (IRS Employer Identification No.)
5850 T.G. Lee Blvd, Suite 535, Orlando, Florida 89120
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(address of Principal Executive Offices)(Zip Code)
(407) 856-8882
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(Registrant's Telephone Number, Including Area Code)
Not Applicable
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(Former Name or Former Address, if Changed since last Report)
Item 5. Other Events and Regulation FD Disclosure
1. Exclusivity Agreement with NOVA Chemicals Inc., (hereinafter "NOVA") .
Envirokare Tech, Inc. (ENVK) ( hereinafter "Envirokare") has entered into an
Exclusivity Agreement with NOVA dated June 1, 2004 which generally states that
until August 31, 2004, Envirokare will not undertake, encourage or institute any
proposed transaction related to the use, license or sublicense of the TPF(tm)
technology (the "technology") with other companies except as otherwise provided
in that agreement and will exclusively negotiate with NOVA to secure an
agreement for such use, license and sublicense of the technology. The
Exclusivity Agreement in its entirety is filed herewith as Exhibit 10.26.
In Exchange for this Agreement and the Warrant Agreement described below,
Nova has paid to Envirokare the sum of $250,000.00.
As part of this transaction, Envirokare has issued to NOVA a Common Stock
Purchase Warrant dated June 1, 2004 which entitles Nova to purchase 1,250,000
shares of Envirokare common stock at a price of $.20 per share until June 2014.
In the event that Envirokare and NOVA enter into a definitive agreement for a
transaction, NOVA will receive $250,000 in Envirokare common shares at the then
market price. In that event, the Common Stock Purchase Warrant referenced above
will at the option of Envirokare be cancelled. The Common Stock Purchase Warrant
in its entirety is filed herewith as Exhibit 10.27.
c) Exhibits
Exhibit No. Description of Document
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10.26 Exclusivity Agreement with NOVA Chemicals Inc.
10.27 Common Stock Purchase Warrant
SIGNATURE
Pursuant to the requirements of the Securities and Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
Date: June 15, 2004 Envirokare Tech Inc
/s/ George Kazantzis
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George Kazantzis, CEO