UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): ~~June~~August 2011, ~~2008~~ 2009

~~SmarTire~~TTC ~~Systems~~Technology ~~Inc~~Corp.

(Exact name of registration as specified in its charter)

British Columbia, Canada		0-29248		N/A
(State or other jurisdiction of incorporation)		(Commission File Number)		(I.R.S. Employer Identification No.)

#150 - 13151 Vanier Place Richmond, British Columbia, Canada		V6V 2J1
5781 Lee Blvd., Suite 208, Box 243 Lehigh Acres, FL		33971
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: (~~604~~239) ~~276~~691-~~9884~~1873

SmarTire Systems Inc.

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

~~o Soliciting~~Item ~~material pursuant to Rule 14a-12 under the Exchange Act (17 CFR~~8.01 Other ~~240~~Events.~~14a-12)~~

~~o Pre-commencement~~Results ~~communications~~of ~~pursuant~~Annual toand ~~Rule~~Special ~~14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))~~Meeting

~~o Pre-commencement~~On August ~~communications~~11, ~~pursuant~~2009, toTTC ~~Rule~~Technology ~~13e-4(c)~~Corp. ~~under~~ (the ~~Exchange~~“Company”), ~~Act~~formerly ~~(17~~known ~~CFR~~as SmarTire ~~240~~Systems, Inc.~~13e-4~~, held an annual and special meeting of shareholders (cthe “Meeting”)). The Company’s shareholders were asked to vote on the following proposals:

~~Item~~ 1.~~01 Entry~~ ~~into~~ To consider and, if deemed advisable, pass a ~~Material~~special ~~Definitive~~resolution to ratify the sale of the Company’s Tire Pressure Monitoring business, along with substantially all of its assets, pursuant to an Asset Purchase Agreement entered into between the Company and Bendix CVS Canada Inc. on December 4, 2008 (the “Asset Purchase Agreement”);

~~On June 20, 2008, we sold a secured convertible debenture to Xentenial Holdings Limited in the principal amount of $269,000~~2. WeTo ~~received~~consider ~~net proceeds of $238~~and,~~000~~ ~~on June~~if ~~20,~~deemed ~~2008 after paying $31~~advisable,~~000~~ ~~monitoring~~pass ~~and~~a ~~due~~special ~~diligence~~resolution ~~fees~~ to ~~Yorkville~~ ~~Advisors,~~change ~~LLC. Under~~ the ~~terms~~name of this secured convertible debenture, we are required to repay principal, together with accrued interest calculated at an annual rate of twelve percent (12%), on or before June 20, 2011. Interest may be paid either in cash or in shares of our common stock valued at the ~~closing bid~~Company ~~price~~from onSmartire ~~the~~Systems ~~trading day immediately prior to the date paid, at our option~~Inc. ~~The~~ ~~secured convertible debenture is secured by all of our assets. Subject~~ to aTTC ~~restriction~~Technology ~~described below~~Corp., ~~all~~ or ~~any~~such ~~part~~other ~~of principal~~name ~~and~~as ~~interest due under~~ the ~~secured~~directors ~~convertible debenture may be converted at any time at the option~~ of the ~~holder~~Company ~~into~~may ~~shares~~determine ofpursuant ~~our common stock. The conversion price in effect on any conversion date shall be equal~~ to the ~~lesser~~Asset ofPurchase Agreement;

~~(a) $0~~3.~~0573~~ orTo set the number of directors at three (3);

~~(b)~~4. ~~eighty~~To ~~percent~~elect ~~(80%)~~directors ofto ~~the~~hold ~~lowest~~office ~~volume~~until ~~weighted average price of our common stock during~~ the ~~thirty~~next ~~(30)~~annual ~~trading~~meeting ~~days~~or ~~immediately~~until ~~preceding~~their ~~the~~successors ~~conversion~~are ~~date~~elected asor ~~quoted by Bloomberg, LP.~~appointed;

~~The conversion~~5. ~~price~~To isappoint ~~subject~~BDO toDunwoody ~~adjustment~~LLP, inChartered Accountants, as the ~~event~~auditors weof ~~issue~~the ~~any~~Company ~~shares~~for ~~of our~~the ~~common~~fiscal ~~stock~~year ~~(or~~ending ~~any~~July ~~rights~~31, ~~options,~~2009 ~~warrants~~and orto ~~securities~~authorize ~~convertible~~the ~~or exercisable~~directors ~~into shares~~ of ~~our~~the ~~common~~Company ~~stock)~~to atfix ~~a price per share less than~~ the ~~conversion~~ ~~price~~remuneration ~~then in effect, in which event, subject~~ to ~~certain agreed exceptions, the conversion price will~~ be ~~reduced~~paid to the ~~lower purchase price~~auditors.

The ~~secured~~voting ~~convertible~~results ~~debenture contains a contractual restriction~~ on ~~beneficial share ownership. It provides that~~ the ~~holders~~above ~~may~~proposals ~~not~~were ~~convert the convertible debenture, or receive shares of our common stock~~ as payment of interest, to the extent that the conversion or the receipt of the interest payment would result in such holder, together with its respective affiliates, beneficially owning in excess of 4.99% of our then issued and outstanding shares of common stock. This beneficial ownership limitation may be waived by the holder upon not less than 65 days’ notice to us.follows:

An event of default will occur under the convertible debenture if any of the following occurs:

	For	Against	Withheld	Result
Proposal 1 - Asset Sale	13,905,107,822	291,519,861	12,227,785	Passed
Proposal 2 - Name Change	16,406,697,679	737,259,259	178,301,217	Passed
Proposal 3 - Number of Directors	16,384,012,044	785,671,462	152,574,649	Passed
Proposal 4 - Election of Directors
- David Warkentin	16,212,203,508	782,066,338	327,988,309	Passed
- George O'Leary	16,199,389,047	803,294,197	319,574,910	Passed
Proposal 5 - Appointment of Auditors	16,332,029,260	885,032,038	105,196,857	Passed

~~· Any default (not waived by the holder) in the payment of the principal of, interest on or other charges in respect of the convertible debentures;~~Name Change

·As Wea result orof ~~any~~the ratification of ~~our~~Proposal ~~subsidiaries~~2 ~~become~~at ~~bankrupt~~the orMeeting, ~~insolvent;~~the Company formally changed its name from as SmarTire Systems, Inc. to TTC Technology Corp. on August 13, 2009.

~~· We or any~~ Release of ~~our~~Funds ~~subsidiaries~~from ~~default in any of its obligations under any other indebtedness in an amount exceeding $100,000;~~Escrow

·On December ~~Our~~11, ~~common stock ceases to be quoted for trading or listed for trading on any of the Nasdaq OTC Bulletin Board~~2008, the ~~New~~Company ~~York~~completed ~~Stock Exchange, American Stock Exchange,~~ the ~~NASDAQ~~sale ~~Capital~~of ~~Market~~substantially orall ~~the~~of ~~NASDAQ~~its business ~~National~~and ~~Market)~~assets, and iscertain ~~not~~of ~~again~~its ~~quoted~~liabilities orto ~~listed~~Bendix ~~for~~CVS ~~trading~~Canada, onInc. and ~~any~~Bendix ~~primary~~Commercial ~~market~~Vehicle ~~within~~Systems 5LLC ~~trading~~(collectively, ~~days of such delisting;~~the “Buyer”).

·On December We4, or2008, ~~any~~the ~~subsidiary~~Company ~~experiences~~and the Buyer had executed the Asset Purchase Agreement with respect to the asset sale. The sale price was USD $2,500,000 cash at closing, plus an earn-out on future sales over a ~~change~~five year period following the closing, with minimum earn-out of ~~control;~~USD $500,000.

~~· We fail~~ Pursuant to ~~use~~the ~~our~~terms ~~best~~of ~~efforts~~the toAsset ~~file~~Purchase Agreement, ~~within~~the ~~thirty~~cash ~~(30)~~payable ~~days~~from ~~of demand by~~ the ~~Investors and provided that~~ Buyers at ~~least~~closing 30in ~~days~~the ~~have~~amount ~~passed~~of ~~since~~US ~~any~~$2,500,000 ~~other~~was ~~registration~~to ~~statement~~be ~~filed~~held byin usescrow ~~has~~until ~~been~~such time ~~declared~~as ~~effective~~the byshareholders of the ~~SEC,~~Company ~~with~~ratified the ~~SEC~~asset sale. As a result ~~registration~~of ~~statement~~the onratification ~~Form~~of S-Proposal 1 orat ~~SB-2~~the ~~(or~~Meeting, if the ~~Company~~funds iswere ~~then~~released from ~~eligible,~~escrow on ~~Form~~August ~~S-3)~~12, ~~under~~2009. All ~~the~~proceeds ~~Securities~~were ~~Act~~paid ;to the Company’s secured creditors.

· If the effectiveness of the registration statement lapses for any reason or the holder of the 10% convertible debenture is not permitted to resell the underlying shares of common stock, in either case, for more than five trading days or an aggregate of eight trading days;

· We fail to deliver common stock certificates to a holder prior to the fifth trading day after a conversion date or we fail to provide notice to a holder of our intention not to comply with requests for conversions of the convertible debentures;

· We fail to deliver the payment in cash pursuant to a “buy-in” within three days after notice is claimed delivered; or;

· We fail to observe or perform any other material covenant or agreement contained in or otherwise materially breach or default under any other provision of the convertible debenture which is not cured within the applicable cure periods.

Upon an event of default, the full principal amount of the convertible debentures, together with accrued and unpaid interest will become, at the holder’s election, immediately due and payable in cash or, at the election of the holder, shares of our common stock. Furthermore, in addition to any other remedies, the holder will have the right to convert the convertible debenture at any time after an event of default or the maturity date at the then effective conversion price. If an event of default occurs, we may be unable to immediately repay the amount owed, and any repayment may leave us with little or no working capital in our business.

In the event of any issuances of shares of common stock or rights, options, warrants or securities convertible or exercisable into common stock at a price per share of common stock less than the conversion price of the convertible debentures, the conversion price of such convertible debentures will be reduced to the lower purchase price. In addition, the conversion price of the convertible debentures will be subject to adjustment in connection with any subdivision, stock split, combination of shares or recapitalization. No adjustment will be made as a result of issuances (or deemed issuances) of securities or interests upon the conversion, exchange or exercise of any right, option, warrant obligation or security outstanding immediately prior to the date of execution of the security purchase agreement and exercises of options to purchase shares of common stock issued for compensatory purposes pursuant to any of our stock option or stock purchase plans.

In addition, we shall pay the holder fifty percent (50%) of the proceeds (after commercially reasonable attorney’s fees and taxes related to such proceeds), in cash, of any pending or future litigation, with such payments to be applied to principal and/or interest on this debenture or other debentures issued by us to the holder, at the sole discretion of the holder.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

See Item 1.01 above.

Item 3.02 Unregistered Sales of Equity Securities.

See Item 1.01 above.

Item 9.01 Financial Statements and Exhibits.

Exhibit Number Description

9.1 Convertible Debenture dated June 20, 2008 issued by SmarTire Systems Inc. to Xentenial Holdings Limited.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned thereunto duly authorized.

SMARTIRE SYSTEMS INC.

	SMARTIRE SYSTEMS INC.

Date: August 19, 2009	By:	/s/ David Dodge
		David Dodge
		Interim Chief Financial Officer

Date: June 24, 2008 By: /s/ David A. Dodge

David A. Dodge

Interim Chief Financial Officer

Filing Compare · TTC Technology Corp