0001085037-03-000301 Sample Contracts

R></R> MANUFACTURING, CO-MARKETING AND DEVELOPMENT AGREEMENT BETWEEN HYUNDAI AUTONET CO.,LTD AND SMARTIRE SYSTEMS, INC

Agreement • May 2nd, 2003 • Smartire Systems Inc • Industrial instruments for measurement, display, and control • British Columbia

• Contract Type
  Agreement
• Filed
  May 2nd, 2003
• Company
  Smartire Systems Inc
• Industry
  Industrial instruments for measurement, display, and control
• Jurisdiction
  British Columbia

SmarTire Systems, Inc. (hereafter "SmarTire"), a British Columbia, Canadian corporation, having its principal office at 13151 Vanier Place, Suite 150, Richmond, British Columbia, Canada V6V 2J1, and:

SECURITY AGREEMENT

Security Agreement • May 2nd, 2003 • Smartire Systems Inc • Industrial instruments for measurement, display, and control • New Jersey

• Contract Type
  Security Agreement
• Filed
  May 2nd, 2003
• Company
  Smartire Systems Inc
• Industry
  Industrial instruments for measurement, display, and control
• Jurisdiction
  New Jersey

THIS SECURITY AGREEMENT (the "Agreement"), is entered into and made effective as of April 23, 2003, by and between SMARTIRE SYSTEMS INC., a Yukon Corporation (the "Company") and the CORNELL CAPITAL PARTNERS, LP, a Delaware limited partnership (the "Secured Party").