SECURITIES PURCHASE AGREEMENTSecurities Purchase Agreement • May 29th, 2007 • Smartire Systems Inc • Industrial instruments for measurement, display, and control • New Jersey
THISSECURITIES PURCHASE AGREEMENT (this “Agreement”), dated as of April 27, 2007, by and among SMARTIRE SYSTEMS INC. (the “Company”), a corporation continued under the laws of British Columbia, and the purchasers listed on Schedule I attached hereto (individually, a “Buyer” or collectively “Buyers”).
AMENDMENT NO. 1 TO INVESTOR REGISTRATION RIGHTS AGREEMENTInvestor Registration Rights Agreement • May 29th, 2007 • Smartire Systems Inc • Industrial instruments for measurement, display, and control
This AMENDMENT NO. 1 TO INVESTOR REGISTRATION RIGHTS AGREEMENT (this “Amendment”), is made effective as of April 27, 2007 (the “Effective Date”), by and between XENTENIAL HOLDINGS LIMITED (“Investor”); and SMARTIRE SYSTEMS INC., a corporation continued under the laws of the Province of British Columbia (the “Company”), with reference to the following recitals:
Mary 24, 2007 SmarTire Systems Inc. 13151 Vanier Place, Suite 150 Richmond, British Columbia V6V 2J1 Re: Convertible Preferred Stock Held by Cornell Capital Partners, L.P.Smartire Systems Inc • May 29th, 2007 • Industrial instruments for measurement, display, and control
On March 22, 2005 SmarTire Systems Inc. (the “Company”) entered into an Investment Agreement with Cornell Capital Partners, L.P. (“Cornell”) pursuant to which the Company sold an aggregate of $4,000,000 of its Series A 5% convertible preferred stock, no par value.
SECURITY AGREEMENT (Patent)Security Agreement • May 29th, 2007 • Smartire Systems Inc • Industrial instruments for measurement, display, and control
THIS SECURITY AGREEMENT (PATENT) (“Agreement”), is entered into and made effective as of April 27, 2007, by and between SMARTIRE SYSTEMS INC., a British Columbia corporation with its principal place of business located at Suite #150 - 13151 Vanier Place, Richmond, BC V6V 2J1, British Columbia, Canada (the “Debtor”) in favor of the parties listed on Schedule I attached hereto (each a “Secured Party” and, collectively, the “Secured Parties”).
Building 3Smartire Systems Inc • May 29th, 2007 • Industrial instruments for measurement, display, and control • British Columbia
By a letter agreement dated April 5th, 2007, the Landlord and the Tenant have agreed to enter into a lease with respect of a portion of the building located at 13151 Vanier Place, Richmond, British Columbia.
AMENDMENT NO. 1 TO SECURITY AGREEMENTTo Security Agreement • May 29th, 2007 • Smartire Systems Inc • Industrial instruments for measurement, display, and control
This AMENDMENT NO. 1 TO SECURITY AGREEMENT (this “Amendment”), is made effective as of April 27, 2007 (the “Effective Date”), by and between SMARTIRE SYSTEMS, INC., a British Columbia corporation with its principal place of business located at Suite #150 - 13151 Vanier Place, Richmond, BC V6V 2J1, British Columbia, Canada (the “Debtor”) and the parties listed on Schedule I attached hereto (each a “Secured Party” and, collectively, the “Secured Parties”) with reference to the following recitals:
May 24, 2007 SmarTire Systems Inc. 13151 Vanier Place, Suite 150 Richmond, British Columbia V6V 2J1Smartire Systems Inc • May 29th, 2007 • Industrial instruments for measurement, display, and control
Re: Registration rights on financial instruments held by Cornell Capital Partners, LP (“Cornell”), Starome Investments Limited (“Starome”), Xentennial Holdings Limited (“Xentennial”) and Staraim Enterprises Limited (“Staraim”)
