Exhibit 4.8 DIRECTORS' COMPENSATION ON TERMINATION AGREEMENT THIS AGREEMENT dated the 3rd day of February, 2005 (the "Agreement Date") BETWEEN: JOHNNY CHRISTIANSEN, businessman, of Spurvestien 24, 3189 Horten, Norway (the "Director")Directors' Compensation Agreement • February 9th, 2005 • Smartire Systems Inc • Industrial instruments for measurement, display, and control • British Columbia
Contract Type FiledFebruary 9th, 2005 Company Industry Jurisdiction
WITNESSETHDirector's Compensation Agreement • October 18th, 1996 • Century Bancshares Inc • National commercial banks • District of Columbia
Contract Type FiledOctober 18th, 1996 Company Industry Jurisdiction
FORM OF DIRECTOR'S COMPENSATION AGREEMENT ---------------------------------Director's Compensation Agreement • December 13th, 1995 • National Bankshares Inc • National commercial banks • Virginia
Contract Type FiledDecember 13th, 1995 Company Industry Jurisdiction