ENVIROKARE TECH, INC. STOCK OPTION AGREEMENTStock Option Agreement • April 17th, 2006 • Envirokare Tech Inc • Miscellaneous plastics products • Nevada
This Option is not intended to be and shall not be treated as an incentive stock option under Section 422 of the Internal Revenue Code unless this sentence has been manually lined out and its deletion is followed by the signature of the corporate officer who signed this Option on behalf of the Company and the Grantee.
STANDSTILL AGREEMENTWithout Prejudice Standstill Agreement • April 17th, 2006 • Envirokare Tech Inc • Miscellaneous plastics products • New York
THIS STANDSTILL AGREEMENT (the "Agreement"), dated as of April 14, 2006, is made and entered into by and between Envirokare Tech, Inc. ("Company"). a Nevada corporation, with its principal offices at 641 Lexington Avenue,14th Floor, New York, New York 10022 and Steve Pappas ("SP") residing at 44 87th Street, Brooklyn, New York 11209-4216. WHEREAS, a dispute between the parties hereto is presently pending in the United States District Court, Southern District of New York (Civil Action No. 05-cv-05515 (LAK)), (the "Litigation"); and WHEREAS, the parties hereto are desirous of discontinuing the Litigation on the terms and subject to the conditions set forth in this Agreement. NOW, THEREFORE, in consideration of the foregoing and the mutual agreements set forth in this Agreement, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows:
