STOCK PURCHASE WARRANT To Purchase 3,290,596 Shares of Common Stock of SMARTIRE SYSTEMS, INC.Smartire Systems Inc • November 4th, 2003 • Industrial instruments for measurement, display, and control
THIS STOCK PURCHASE WARRANT CERTIFIES that, for value received, Palisades Master Fund, L.P. (the "Holder"), is entitled, upon the terms and subject to the limitations on exercise and the conditions hereinafter set forth, at any time on or after October 27, 2003 (the "Initial Exercise Date") and on or prior to the close of business on the fifth (5th) anniversary of the Initial Exercise Date (the "Termination Date") but not thereafter, to subscribe for and purchase from SmarTire Systems, Inc., a corporation continued in the Yukon Territory (the "Company"), up to 3,290,596 shares (the "Warrant Shares") of Common Stock, without par value per share, of the Company (the "Common Stock"). The purchase price of one share of Common Stock (the "Exercise Price") under this Warrant shall be $0.20, subject to adjustment hereunder. The Exercise Price and the number of Warrant Shares for which the Warrant is exercisable shall be subject to adjustment as provided herein. Capitalized terms used and not
SmarTire Systems Inc. Suite 150, 13151 Vanier Place Richmond, British Columbia Canada, V6V 2J1Smartire Systems Inc • November 4th, 2003 • Industrial instruments for measurement, display, and control
COMMON STOCK PURCHASE AGREEMENTEscrow Agreement • November 4th, 2003 • Smartire Systems Inc • Industrial instruments for measurement, display, and control • New York
This COMMON STOCK PURCHASE AGREEMENT (this "Agreement") is dated as of July 23, 2003 by and between SmarTire Systems, Inc., a Yukon Territory corporation (the "Company") and Talisman Management Limited (the "Purchaser").
