License Agreement

On March 30, 2001, the Company, through its wholly-owned subsidiary, Envirokare Composite Corp., or ECC, entered into a licensing agreement with TCD that, subject to certain limitations, allows the Company to commercially exploit the TPF process on its own and on behalf of Company licensees. The agreement provides the Company with the ability to develop and market a wide range of large structural parts, including the Company's proprietary Pallet, manufactured through the joint efforts of the Company and TCD, or the Company's sublicensees, for industries which may include aerospace, automotive, construction, marine, medical, military, transportation and waste management. For full details of the License Agreement with TCD, we refer interested parties to the Company's Annual Report on Form 10-KSB for the year ended December 31, 2000, filed with the U.S. Securities and Exchange Commission on April 16, 2001 (the Annual Report may be viewed on the SEC's EDGAR electronic informational system here.)

Merger Agreement

Additionally, during March of 2001, Envirokare and ECC also entered into a merger agreement with TCD, which provides that TCD will merge with ECC if Envirokare's shares trade at a specified level during the thirty-month period following the agreement date. In the event that Envirokare's shares have not traded at such specified level by the end of the thirty-month period, then ECC and Envirokare have the option to effect the merger of TCD with ECC by paying to TCD's shareholders additional consideration, either in cash or additional shares of Envirokare. For full details of the Merger Agreement with TCD, we refer interested parties to the Company's Annual Report on Form 10-KSB for the year ended December 31, 2000, filed with the U.S. Securities and Exchange Commission on April 16, 2001 (the Annual Report may be viewed on the SEC's EDGAR electronic informational system here.)