Document:

EX-10.75

    Exhibit 10.75

    

      December
        15, 2006

      

      SmarTire
        Systems Inc. 

      13151
        Vanier Place, Suite 150

      Richmond,
        British Columbia V6V 2J1

      

      Re:
         New
        Financing

      

      The
        following financial instruments (the “Financial
        Instruments”)
        are
        held by the entities identified below:

      

      
        	
                Date
                  of Instrument

              	
                Financial
                  Instrument

              	
                Amount

              	
                Held
                  by

              
	
                March
                  22, 2005

              	
                5%
                  convertible preferred stock and warrants 

              	
                $
                  4.0 million

              	
                Cornell
                  Capital Partners, LP (“Cornell”)

              
	
                May
                  27, 2005

              	
                5%
                  convertible debenture and warrants

              	
                $
                  1.5 million

              	
                Cornell
                  

              
	
                Dec.
                  30, 2005

              	
                10%
                  convertible debenture and warrants

              	
                $
                  8.0 million

              	
                Xentennial
                  Holdings Limited (“Xentennial”)

              
	
                Dec.
                  30, 2005

              	
                10%
                  convertible debenture and warrants

              	
                $
                  20.0 million

              	
                Starome
                  Investments Limited (“Starome”)

              
	
                Dec.
                  30, 2005

              	
                10%
                  convertible debenture and warrants

              	
                $
                  2.0 million

              	
                Staraim
                  Enterprises Limited (“Staraim”)

              

      

      

      We
        understand that on November 7, 2006 SmarTire Systems Inc. closed on a $1.2
        million securities purchase agreement providing for the sale by SmarTire,
        and
        the purchase by an unrelated entity, of a 10% convertible debenture due in
        October 2008 (the “New
        Financing”).

      

      Each
        of
        Cornell, Starome, Xentennial and Staraim agrees that SmarTire’s consummation of
        the New Financing will not constitute an “event of default” (as defined in the
        applicable Financial Instrument) under or a breach by SmarTire of any provision
        contained in the Financial Instruments. 

      

      Yours
        very truly,

      

      
        	
                Cornell
                  Capital Partners, LP

                 

                /s/
                  Mark Angelo

                By:
                  Mark Angelo

                Its:
                  President and Portfolio Manager

              	
                Xentennial
                  Holdings Limited

                 

                /s/
                  Mark Angelo

                By:
                  Mark Angelo

                Its:
                  President and Portfolio Manager

              
	
                Starome
                  Investments Limited

                 

                /s/
                  Michael Weiss

                By:
                  Michael Weiss

                Its:
                  Director

              	
                Staraim
                  Enterprises Limited

                 

                /s/
                  Mark Angelo

                By:
                  Mark Angelo

                Its:
                  President and Portfolio ManagerEX-10.76

Exhibit 10.76

    

     

    

    

      December
        15, 2006

      

      

      SmarTire
        Systems Inc. 

      13151
        Vanier Place, Suite 150

      Richmond,
        British Columbia

      V6V
        2J1

      

      

      Re:
        May 27 2005 $1.5 million 5% convertible debenture

      

      

      With
        respect to the $125,000 monthly payments that, under the terms of the above
        referenced convertible debenture, were scheduled to commence on September
        1,
        2005, which such payment commencement date has been previously extended (i)
        on
        October 21, 2005 to January 1, 2006 (ii) on January 3, 2006 to April 1, 2006
        (iii) on April 3, 2006 to May 1, 2006, (iv) on May 1, 2006 to August 1, 2006
        and
        (v) on July 31, 2006 to November 1, 2006, Cornell agrees to provide SmarTire
        with a further extension to March 31, 2007 to commence such monthly
        payments.

      

      

      Yours
        very truly,

      

      Cornell
        Capital Partners, LP

      

      /s/
        Mark Angelo

      By:
        Mark
        Angelo

      Its:
        President and Portfolio ManagerEX-10.77

    Exhibit 10.77

     

    

      January
        9, 2007

      

      SmarTire
        Systems Inc.

      13151
        Vanier Place, Suite 150

      Richmond,
        British Columbia

      V6V
        2J1

      

      Re:
        Registration rights on financial instruments held by TAIB Bank, B.S.C. (“TAIB”),
        and Certain Wealth, Ltd (“Certain Wealth”).

      

      The
        following financial instruments are held by the entities identified
        below:

      

      
        	
                Date
                  of Instrument

              	
                Financial
                  Instrument

              	
                Amount

              	
                Held
                  by

              
	
                October
                  31, 2006

              	
                10%
                  convertible debenture

              	
                $1.0
                  million

              	
                TAIB

              
	
                October
                  31, 2006

              	
                10%
                  convertible debenture

              	
                $0.2
                  million

              	
                Certain
                  Wealth

              

      

      

      SmarTire
        Systems, Inc. is required pursuant to the registration rights agreement with
        TAIB and Certain Wealth to file a registration statement on Form SB-2 with
        the
        SEC on or before November 30, 2006. The registration statement was not filed
        on
        or before November 30, 2006 resulting in SmarTire Systems, Inc., being in
        non-compliance with the financial instruments above and all related agreements
        referenced therein (the “Financial Instruments”). 

      

      TAIB
        and
        Certain Wealth each hereby agree that an Event of Default (as defined in
        the
        applicable Financial Instrument) has not occurred as a result of the
        registration statement not being filed on or before November 30, 2006, and
        TAIB
        and Certain Wealth each hereby waive any and all of their rights under the
        applicable default provisions of the Financial Instruments and related
        agreements so long as such registration statement is filed on or before January
        10, 2007.

      

      Very
        truly yours,

      

      TAIB
        Bank, B.S.C.    Certain
        Wealth Ltd

      

      

      /s/
        Larry Chaleff                   
        /s/ Larry Chaleff

      By:
        Larry
        Chaleff      
   By:
        Larry
        Chaleff

      Its:      Its:Exhibit 10.35

Richard Dreiling

CEO &
President

August 29, 2006

Mr. Vincent A. Scarfone

310 Cambridge Drive

Butler, New Jersey 07405

Dear Jim:

This letter will confirm an offer of employment to you
by Duane Reade Inc. (the “Company”).

Your initial assignment will be as Senior Vice
President, Human Resources and Administration, reporting directly to me. You
will be based at our headquarters office located at 440 9th Avenue, New York,
NY. Your initial salary will be $250,000.00 ($8,615.38 paid bi-weekly). Future
salary increases will be based on demonstrated job performance in accordance
with Company policy and practice.

The Company offers an executive benefit program in
which you will be able to participate, subject to the terms of eligibility for
the individual benefit plans. You will receive three (3) weeks of
paid vacation each calendar year subject to the restrictions of your job
requirements. Please be aware that the Company’s vacation policy does not allow
carryover from year to year. Therefore, if the three weeks are not taken they
are forfeited each year.

As an executive of the Company, you will be eligible
to participate in the Company’s performance incentive plan at fifty percent
(50%) of your annual salary. The program is based on the attainment of company
performance towards EBITDA targets and your individual performance toward goals
mutually set between you and your immediate manager. Actual incentive payments
will be paid yearly, usually at the end of the first quarter of each year,
after Board approval. As with other executive benefits programs, eligibility
and participation are subject to the specific provisions of the plan.

As an executive, you will be eligible to participate
in the employee stock option plan. Subject to the terms and conditions of that
plan, you will receive an initial grant of thirteen thousand (13,000) options
to purchase Company Stock at a par value of One hundred dollars ($100.00) per
share. Under the current plan provisions, the shares vest at a rate of (20%)
per year of service with the Company. They will be 100% vested at the end of
five (5) consecutive years of employment. Nothing in this paragraph shall
act as a guarantee of any specific value of the options or the Company’s stock,
other than as described in the plan relating to such options.

Your employment with the Company will be “at will”,
meaning that either you or the Company are entitled to terminate your
employment at any time for any reason, or no reason, with or without cause.
Except as set forth in the following sentence, in the event the Company
terminates your employment other than for “cause” (as defined) you will be paid
severance equal to one year salary at your then current salary payable in
bi-weekly installments. For purposes of this Agreement “cause” shall mean
termination for: (1) a repeated refusal to comply with a lawful directive of
the Chief Executive Officer; (2) serious misconduct, dishonesty or disloyalty
directly related to the performance of duties for the Company, which results
from a willful act or omission and which is materially injurious to the
operations, financial condition or business reputation of the Company or any
significant subsidiary thereof; (3) being convicted (or entering into a
plea bargain admitting criminal guilt) in any criminal proceeding that may have
an adverse impact on the Company’s reputation and standing in the community;
(4) willful and continued failure to substantially perform your duties
under this Agreement; or (5) any other material breach of the Agreement.
In the event of termination for cause, you will be entitled to any unpaid
salary through the date of termination, 

plus any earned and accrued unused vacation pay or
deferred compensation payments. You will not be entitled to any other
compensation from the Company, including without limitation, severance pay.

You will be reimbursed for all normal business
expenses in accordance with Company policy.

This
letter is intended to memorialize the offer of employment provided by the
Company and if these terms are acceptable to you, to create an at-will
employment relationship under these terms. Nothing in this letter is intended
or shall have the effect of modifying or amending the terms, conditions, or
requirements of any benefit plan, retirement plan or welfare plan or
arrangement offered by the Company. During your employment, you will remain
subject to, and be required to abide by, all terms, conditions and requirements
of the policies and practices dictated by the Company for executive employees.

	
  Sincerely,

  	
   

  	
   

  
	
  /s/ RICHARD W. DREILING

  	
   

  	
   

  
	
  Richard W.
  Dreiling

  	
   

  	
   

  
	
  /s/ VINCENT A. SCARFONE

  	
   

  	
   

  
	
  Mr. Vincent
  A. Scarfone

  	
  Date

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