CONSENT TO EXTEND PAYMENTConsent to Extend Payment • November 12th, 2008 • Envirokare Tech Inc • Miscellaneous plastics products
Contract Type FiledNovember 12th, 2008 Company IndustryTHIS CONSENT TO EXTEND PAYMENT ("Consent") is dated as of the 31st day of October, 2008, and is made by and among NOVA Chemicals Inc. ("NCI"), a Delaware corporation, having offices at 1550 Coraopolis Heights Road, Moon Township, Pennsylvania 15108, Envirokare Tech, Inc., a Nevada corporation ("ENVK") having offices at 641 Lexington Avenue, 14th Floor, New York, New York 10022 and Envirokare Composite Corp. ("ECC"), a Delaware corporation having an office at 641 Lexington Avenue, 14th Floor, New York, New York 10022, and the wholly owned subsidiary of ENVK. (All terms not otherwise defined herein shall have the meanings specified in the U.S. Five Hundred Thousand (US $500,000.00) dollar Convertible Promissory Note dated May 15, 2006, executed by ECC and countersigned by ENVK with respect to Section 8 and Section 10 thereof (the "Executed and Countersigned Note"))