Exhibit 10.8

MEMO


TO:         Charles Huntzinger

FROM:       Bruce Newsome

DATE:       August 19, 1999

RE:         Annual Bonus
--------------------------------------------------------------------------------

Charles, as per our discussion the following is the agreed bonus structure for
1999 for myself.

Bonus to be approximately 25% of salary or up to $50,000.

KEY AREAS FOR INCENTIVE PURPOSES

<TABLE>
<S>                                                                           <C>       <C>
1.  Overall EBITDA of Imperial Group                                           50%       $25,000

2.  Y2K Compliance both non-FIS and FIS                                        15%         7,500

3.  Completion of Business Plan Corporate Strategy and initial
    acceptance by FUR and Beth Stewart                                         10%         5,000

6.  Subjective Bonus - Charles Huntzinger to determine amount based on merit.
    Merit will be based on such areas as effort, acquisition successes,
    restructuring of balance sheet with FUR, tax compliance, judgmental
    skills, bank refinancing, FUR reporting-timeliness and accuracy, cost
    savings, company exceeding budget and other matters                        25%        12,500
                                                                                         -------

TOTAL                                                                                    $50,000
                                                                                         =======
</TABLE>

                                                                          Page 1

<PAGE>   2


DEFINITIONS FOR BONUS PAYMENT

1.     EBITDA BONUS

FACTS:

<TABLE>
<S>                                                           <C>          <C>
1998 - EBITDA                                                              $6,112,000
                                                                           ==========
1999 - Business Plan EBITDA                                                $7,091,000
                                                                           ==========
1999 - Budget                                                 $8,035       $8,035,000
                                                                           ==========
       Add Cash Savings
       Less Robbins - April to December (net)                   (202)
       Less Inner-Tec - July to December (net)                  (347)
       Less VenTek results for year                             (935)
                                                               -----
       ADJUSTED BUDGET                                                         $6,551
                                                                               ======

       Target EBITDA = Adjusted Budget                                     $6,551,000
                                                                           ==========

SUGGESTED BONUS:

First 25% if 90% of target EBITDA achieved = $5,895                            $6,250
Additional 25% when 95% of target EBITDA achieved = $6,223                      6,250
Final 50% when 100% of target EBITDA achieved = $6,551                         12,500
                                                                               ------

TOTAL EBITDA BONUS:                                                           $25,000
                                                                              =======
</TABLE>

eg.

1.   If EBITDA = $5,500

     Bonus = $5,500 = 84% < 90% = 0 Bonus
             ------
              6,551

2.   If EBITDA = $6,000

     Bonus = $6,000 = 91.5% = > 90% = 25% bonus = $6,250
             ------
              6,551

3.   If EBITDA = $6,400

     Bonus = $6,400 = 97.7% > 95% = 50% bonus = $12,500
             ------
              6,551

4.   If EBITDA > $6,551 = 100% bonus = $25,000


     Note: Payment in February once KPMG audit is finalized.

                                                                          Page 2

<PAGE>   3


January 16, 1998


Bruce Newsome
5741 - 125A Street
Surrey, British Columbia
V3W 0J3

Dear Bruce:

This letter is to provide you with written confirmation of the terms of your
employment with Imperial Parking Limited (the "Company"). In the busy, chaotic
and uncertain times that the Company has gone through over the years you and I
have often talked about formalizing your arrangement with the Company in
writing.

I am hopeful that receiving this written summary of the deal that you have
always had will give you the comfort necessary to stay with the Company for
years to come.

The terms of the agreement between Bruce Newsome (the "CFO") and the Company are
as follows:

1.       The term ("Term") of your employment with the Company means the period
         from the date of this Agreement until December 31, 2001 and thereafter,
         this Agreement will be automatically renewed on the same terms and
         conditions other than terms relating to renewal, for further
         consecutive 12 month periods unless the Company provides the CFO with a
         notice of non-renewal at least 60 days prior to the expiry of the
         immediately preceding 12 month renewal period. If a notice of
         non-renewal is issued by the Company, the Company will deliver to the
         CFO a certified cheque payable to the CFO for an amount equal to the
         total salary of the CFO for the immediately preceding 24 month period
         and this cheque will be delivered to the CFO on the effective date of
         termination.

         It is understood that if the Company wishes to terminate the services
         of the CFO after 2001 the notice provisions and payment outlined above
         will apply. If the CFO terminates this agreement pursuant to section
         12(3) the Company will have no such payment obligation.

2.       The Company hereby appoints the CFO as Chief Financial Officer and Vice
         President of the Company responsible for ensuring the performance of
         the services described herein, all upon the terms and conditions
         contained herein, and the CFO hereby accepts such appointment and
         agrees to cause such services to be performed in accordance with the
         terms and conditions contained herein.

3.       The CFO agrees to devote substantially all of his time, energy and
         skill during regular business hours to provide such financial
         management and financial administrative services as may be required to
         operate and manage the Business and to issue his best efforts and
         reasonable care, skill and judgment in carrying out such duties.

<PAGE>   4

4.       The remuneration of the CFO payable under this Agreement will be as
         follows:

         (a)      for the first year of the Term you will continue to receive
                  your current annual salary of $198,500 payable in biweekly
                  instalments;

         (b)      on each anniversary of the Term, the annual salary will be
                  increased by an amount determined by an annual review
                  procedure carried out by the Compensation Committee (and
                  failing agreement of the Compensation Committee, as determined
                  by the Board of Directors) plus the percent of the annual
                  salary for the immediately proceeding 12 month period equal to
                  the percent increase, if any, in the consumer price index
                  ("CPI") with respect to Vancouver, British Columbia, and if no
                  such CPI statistic is available with respect to Vancouver,
                  British Columbia, then such CPI statistic as is available in
                  respect of the immediately preceding 12 month period as set
                  out in the official statistics provided by the Canadian
                  Government; and

         (c)      in addition to the annual salary, the CFO will receive a cash
                  bonus ("Cash Bonus") as established by the Compensation
                  Committee of the Company within 120 days of the commencement
                  of each year and the amount of the such Cash Bonus, will be
                  established following consideration of the financial
                  performance of the Company.

5.

         (1)      The CFO will be reimbursed for all expenses actually and
                  properly incurred by him in connection with his duties
                  hereunder.

         (2)      The Company will provide the CFO with:

                  (a)      all medical and health benefits offered to senior
                           management employees of the Company as supplemented
                           by any other benefits approved by the Board;

                  (b)      reimbursement for all motor vehicle expenses and a
                           motor vehicle lease or purchase allowance of
                           $1,000.00 per month;

                  (c)      disability insurance coverage reasonably acceptable
                           to the Company and the CFO; and

                  (d)      reimbursement for all club, membership and
                           association fees and dues in The Point Grey Golf Club
                           and all expenses incurred by the CFO at such club for
                           for business purposes. All personal expenses will be
                           paid by the CFO. The decision as to whether the
                           Company will pay for any additional club, membership
                           and association fees and dues will be made by the
                           Compensation Committee.

6.       In each calendar year the CFO will be entitled to a reasonable period
         of vacation, but such period will not exceed 5 weeks in any one
         calendar year provided that if less than 5

                                       2

<PAGE>   5

         weeks vacation is taken by the CFO in any year the balance of vacation
         time up to 5 weeks may, with the consent of the Compensation Committee,
         be taken in whole or in part in any later year or years in addition to
         the annual 5 weeks.

7.

         (1)      Subject to the overall control of the Board of Directors and
                  the President of the Company the CFO who will have full
                  authority and duty to manage all financial information in
                  respect of the Company and report to the President in respect
                  of all of the financial affairs of the Company and do all
                  things as CFO as directed by the President.

         (2)      The CFO will obey and carry out all lawful order given to him
                  by the President or the Board of Directors of the Company,
                  subject to the terms of this Agreement, and comply with the
                  Articles of the Company and all regulatory requirements
                  affecting the Business.

         (3)      The CFO will keep the Company informed concerning the
                  financial operations of the Business.

8.       In the exercise of any of his responsibilities or authority hereunder,
         the CFO will be obligated to act in good faith, and so long as the CFO
         acts in good faith, he will have no liability or obligation to the
         Company for any act or omission resulting from carrying out such
         obligation, irrespective of whether or not such act or omission may
         have been reasonably prudent or in good business judgment.

9.

         (1)      The Company hereby agrees to indemnify and hold the CFO
                  harmless, from and against any and all claims, damages, costs,
                  suits, actions and expenses (including legal fees), arising
                  directly or indirectly, in whole or in part, out of any matter
                  related to the Business, or any action taken by the CFO within
                  the scope of his duties or authority hereunder, excluding only
                  such of the foregoing as arise from negligent acts or bad
                  faith of the CFO and this indemnity will survive termination
                  of this Agreement.

         (2)      The CFO hereby agrees to indemnify and hold the Company
                  harmless, from and against any and all claims, damages, costs,
                  suits or actions growing out of any breach, violation or
                  non-performance of any covenant, condition or agreement in
                  this Agreement set forth and contained on the part of the CFO
                  to be fulfilled, kept, observed or performed and this
                  indemnity will survive the termination of this Agreement.

10.      For the purpose of this Agreement:

         (1)      all accounting terms not otherwise defined herein have the
                  meanings assigned to them in accordance with generally
                  accepted accounting principles; and

         (2)      all computations herein provided for will be made in
                  accordance with generally accepted accounting principles to
                  the Business.

                                       3

<PAGE>   6

11.      At all times during the Term the CFO will:

(1)               ensure that accurate books of account and other records
                  (separate from any other books of account and records the CFO
                  may be maintaining) in accordance with the provisions of
                  Section 10 above, in which will be entered all matters
                  relating to the Business, including all income, expenditures,
                  assets and liabilities;

(2)               keep all books of account and other records in connection with
                  the Business at the place or places approved by the Board of
                  Directors in accordance with the provisions of Section 10
                  above; and

(3)               permit any of the directors of the Company and any person
                  designated by any of them, at all reasonable times to inspect,
                  examine, copy or audit the books of account and other records
                  described in (a) and (b) above.

12.

         (1)      This Agreement will be in force during the Term.

         (2)      The CFO's engagement to perform services hereunder will
                  terminate if the CFO dies and may be terminated by the Company
                  by written notice to the CFO;

                  (a)      if the CFO is found guilty by a court in respect of
                           any offence involving fraud or dishonesty on his
                           part;

                  (b)      if the CFO negligently or improperly performs the
                           duties of CFO, where such negligent or improper
                           performance has a material adverse effect on the
                           Business;

                  (c)      if the CFO is determined by a court of competent
                           jurisdiction to have breached his obligations under
                           any non-competition agreement relating to the Company
                           and such decision has not been appealed by the CFO
                           and the time for filing an appeal has expired; or

                  (d)      if the CFO be incapacitated by reason of mental or
                           physical disability from carrying on his duties under
                           this Agreement for a longer period than 12
                           consecutive months or if he shall be incapacitated at
                           different times for more than 6 consecutive months in
                           one calendar year.

         (3)      The CFO's engagement hereunder may be terminated upon 90 days
                  notice of termination by the CFO.

13.      Any notice relating to this Agreement or to be given by any party to
         any party hereunder, will be in writing and will be well and
         sufficiently given if personally delivered as follows:

                                       4

<PAGE>   7

         to the Company:

         Confidential to:

         Imperial Parking Limited
         300 - 601 West Cordova Street
         Vancouver, British Columbia
         V6B 1G1

         Attention: President

         to the CFO:

         Confidential to:

         Bruce Newsome
         5741 - 125A Street
         Surrey, British Columbia
         V3W 0J3

This Agreement may not be assigned or transferred by either party hereto except
with the prior written consent of the other party.

If you agree that this sets out the agreement between you and the Company please
sign and return the enclosed duplicate copy of this letter.

Yours truly,
IMPERIAL PARKING LIMITED




/S/ PAUL T. CLOUGH
----------------------------------
PER:   PAUL T. CLOUGH
       Chairman, President and CEO





Accepted and agreed to





/s/ Bruce Newsome
----------------------------------
Bruce Newsome

                                       5