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Places in this document where four (4) consecutive asterisks ("****") appear
indicate that a confidential portion of this document has been omitted in such
location. CARIBOU COFFEE COMPANY, INC. has filed a request for confidential
treatment with respect to such information, and such information has been filed
separately with the Securities and Exchange Commission.

                                                                   EXHIBIT 10.7

                  SENIOR EXECUTIVE 2005 SUPPLEMENTAL BONUS PLAN

         OBJECTIVE

         This proposed incremental bonus opportunity is in place for the 2005
         fiscal year and is designed to motivate and reinforce the commitment to
         growing Caribou's Earnings Before Income Taxes, Depreciation, and
         Amortization (EBITDA) and exceeding the Company's plan.

         ELIGIBLE PARTICIPANTS

         Positions eligible to participate in this plan include the Chief
         Financial Officer and Vice Presidents.

         PLAN DETAILS

         For every dollar that the Company exceeds its EBITDA target of **** for
         the 2005 fiscal year, a portion of the incremental earnings will be
         disbursed in a discretionary manner to the eligible participants. The
         pool calculations are as follows:

                  -        A pool of 20% for every dollar exceeding the 2005
                           EBITDA target up to $1 million over the target.

                  -        A pool of 25% for every dollar exceeding $1 million
                           over the 2005 EBITDA target.

         The division of the final pool will be done in a discretionary manner
         as determined by the Chief Executive Officer and distributed at his
         discretion after the close of the fiscal year. All eligible
         participants will receive a minimum of one-half of the prorated share
         of the pool provided the participant's performance is at a "meets
         expectations" level or above (minimum rating of 2B) and no one
         individual will receive more than two times his or her pro-rata share.
         Sr. Executives that have been in their position less than 12 months as
         of December 31, 2005 will receive a pro-rated share of the individual
         bonus based on total time in the Sr. Executive position.

        --------------------------------------               ------------------
        Sr. Executive Signature                              Date

        -----------------------------------------------------------------------

         Caribou Coffee Company has the right to change or cancel this bonus
         program at any time with or without notice. This program is intended to
         be discretionary and is not guaranteed. The employee must be actively
         employed the day the check is distributed to receive any bonus.Ex-10.10 Settlement Agreement

 

Exhibit 10.10

SETTLEMENT AGREEMENT, RELEASE AND COVENANT NOT TO SUE

          The following Settlement Agreement, Release and Covenant Not to Sue (“Agreement”) is entered
into between Stinger Systems, Inc. a Nevada corporation (the “Company”) and Christopher J. Killoy
(“Killoy”):

          WHEREAS, Killoy was employed by the Company from January 19, 2005 until March 3, 2005 and
continued to render services through March 10, 2005. When he left the Company, Killoy was Vice
President of Sales and Marketing.

          WHEREAS, Killoy signed an Employment Agreement that contains several post-employment
restrictions and, under certain circumstances, that are applicable, a Severance Benefit.

          WHEREAS, the Company and Killoy desire to enter into this Agreement so that Killoy may receive
his Severance Benefit and in full settlement and compromise of any and all potential claims against
each other arising out of Killoy’s employment with the Company and his resignation from the
Company.

          NOW, THEREFORE, and in consideration of the promises, releases, covenants and acts discussed
below, and for other valuable consideration, the sufficiency and adequacy of which the parties
acknowledge, the Company and Killoy covenant, warrant, represent and agree as follows:

          A. For the sole consideration described below, the receipt and sufficiency of which are hereby
acknowledged, Killoy does hereby forever release and discharge the Company including all of its
parents, subsidiaries, predecessors, affiliates, successors, assigns, members, partners, officers,
officials, representatives, attorneys, administrators, employees, insurers, shareholders, directors
and agents, and each of them in both their official and individual capacities (collectively
referred to as the “Company”), from any and all claims, demands, debts, damages, reimbursements,
interest (including all pre-settlement and post-settlement interest, except as described in
Paragraph I below), promises, liabilities, obligations, actions, causes of action or suits at law
or in equity (collectively referred to as “Claims”), of any and every kind, nature, or description
whatsoever, which he or his heirs, administrators or his personal representatives may have had,
now have or may now or hereafter have or assert against the Company, on account of any matter what
ever arising from the beginning of time through the date of this Agreement, inclusive, whether such
claims be known or unknown, knowable, or unknowable, suspected or unsuspected, and in particular
(without limiting the generality of the foregoing) all of such claims arising, growing out of or
resulting from Killoy’s employment with the Company and the cessation of his employment with the
Company, including but not limited to:

	 	(1)	 	all actual or alleged Claims arising under the Civil Rights Acts
of 1866, 1964 and 1991, the Fair Labor Standards Act, the Equal Pay Act, the Age
Discrimination in Employment Act, the Rehabilitation Act, the Older Workers
Benefit Protection Act, the Employee Retirement Income Security Act, the
Americans with Disabilities Act, the Family and Medical Leave Act, and all other
federal or state laws affecting employers and employees including, but not
limited to, M.G.L.c. 149 §§ 105A-105D, M.G.L.c. 93, §§ 102-03, claims which were
or could have been asserted in

 

 

any charge or complaint filed with the Equal Employment Opportunity
Commission;

	                                                       
	 	(2)	 	all actual or alleged Claims arising under MGL chapter 151B, et
seg, including but not limited to, Claims which were or could have been asserted
in any charge or complaint filed with the Massachusetts Commission Against
Discrimination or in any court;
	                                                        
	 
	                                                       
	 	(3)	 	all actual or alleged Claims arising of whatsoever nature, based
upon or arising out of any wage claim and/or out of a claim of breach of
contract; fraud; violation of constitutional, statutory or common law public
policy; interference with contract; interference with advantageous relations;
claims for personal injury; wrongful discharge; constructive discharge;
retaliation; defamation; infliction of emotional distress; invasion of privacy;
false imprisonment; assault; intentional tort; loss of consortium or services;
and/or any other applicable federal, state or local law, ordinance, regulation,
or order; and
	                                                        
	 
	                                                       
	 	(4)	 	all Claims for attorney fees, multiple damages, exemplary
damages, and costs under any of the aforementioned charges, complaints, and/or
statutory provisions.
	                                                        

          B. Killoy hereby represents that no such Claims or charges regarding employment
discrimination, unemployment compensation or any Claims listed in Paragraph A, above have been
filed or are pending. Subject to Section N, below, Killoy shall retain only the right to initiate
legal action to enforce the terms of this Agreement.

          C. Killoy and the Company hereby confirm that Killoy’s employment with the Company terminated
on March 3, 2005. Killoy covenants that he will not in the future seek employment, consultant, or
independent contractor status with or by the Company, or any corporation, partnership, agency or
entity controlled owned or operated by it, and that such an arrangement is just and appropriate
under the circumstances. Killoy agrees that if the Company or any corporation, partnership, agency
or entity controlled by it declines to offer Killoy employment, consultant or independent
contractor status, Killoy will not sue over the failure to allow Killoy to obtain such employment,
consultant or independent contractor status. Killoy further specifically agrees that a breach by
Killoy of the promises contained in this Paragraph shall constitute lawful and just cause for the
Company to terminate Killoy’s employment if Killoy already is employed by the Company.

          D Killoy acknowledges that, by signing this Agreement and by providing the release of claims
and covenant not to sue set forth above:

	                                                       
	 	(1)	 	this Agreement has been written in understandable language, and
all of its provisions are understood by Killoy;
	                                                        
	 
	                                                       
	 	(2)	 	Killoy is knowingly and voluntarily entering into this Agreement;
	                                                        
	 
	                                                       
	 	(3)	 	neither Killoy nor the Company are admitting any liability or
violation of any law, contract or other agreement;
	                                                        

2

 

	                                                       
	 	(4)	 	the benefits being provided to Killoy pursuant to this Agreement
are more than Killoy would otherwise be entitled to receive if Killoy did not
sign this Agreement;
	                                                        
	 
	                                                       
	 	(5)	 	this Agreement is being signed by Killoy without relying upon any
statements by the Company or its representatives concerning the nature or extent
of any claims or damages or legal liability;
	                                                        
	 
	                                                       
	 	(6)	 	Killoy has been advised in writing, and has been given the
opportunity, to consult with an attorney before signing this Agreement, and he
has done so; and
	                                                        
	 
	                                                       
	 	(7)	 	Killoy has had a reasonable and sufficient period time within
which to consider this Agreement before accepting it
	                                                        
	 
	                                                       
	 	(8)	 	Should Killoy decline to accept this Agreement, this Agreement
shall have no force or effect and neither its terms, nor any of the discussions
of the parties relating to it shall be admissible in evidence in any proceeding.
	                                                        

          E. Killoy understands and agrees that the terms of this Agreement, including the amount of the
settlement described in Paragraph I below, are to remain strictly confidential between the parties
to the maximum and fullest extent permitted by law, that this non-disclosure covenant is of
critical importance to the Company, and that the violation of the same may cause irreparable injury
to the Company. Killoy will not, without the written consent of either the Company or an agent
authorized by the Company, publicize in, or communicate to any person, governmental or other
regulatory agency, newspaper, electronic media or other public or private forum, including but not
limited to the Internet, concerning Killoy’s past or current terms and conditions of employment,
the manner in which Killoy’s employment has been concluded, or the Company’s status with any
governmental or regulatory agency, except that Killoy may provide information to his tax preparer,
accountant(s), and attorneys with a legitimate need to know such information so long as said
person(s) to whom this Agreement are disclosed first agree(s) to keep this Agreement and its terms
strictly confidential. In the event Killoy or anyone acting on his behalf is served with a
subpoena or other legal process purporting to require the production of information the disclosure
of which is prohibited by this Agreement, Killoy will use his best efforts to provide the Company
with prompt written notice (describing the information being sought, the party seeking same and the
date by which the information is to be produced), so that the Company may seek a protective order
or take other action to limit said disclosure and/or may waive compliance with the provisions of
this Agreement. Pending the Company’s receipt of such notice from Killoy, Killoy will use all
lawful means reasonably available to him to resist disclosing information which is protected by
this Agreement. Nothing in this paragraph will require Killoy to refuse to cooperate with any
state, federal or local criminal investigation or to obstruct or impede such investigation,
provided that Killoy shall provide only honest and accurate information in response to any
inquiries during any such investigation.

          F. Killoy covenants that he shall not solicit, induce, encourage, assist, aid and abet,
finance, make loans to, participate in or be connected in any manner, directly or indirectly, with
the prosecution of any claims of any type, whether individual or derivative, against the Company by
any person or entity. Killoy may testify in any court, arbitration, or administrative proceeding
if he is properly subpoenaed; provided, however, that in any such proceeding Killoy shall not,
directly or indirectly: (1) offer to be subpoenaed or offer to appear to testify; (2) suggest that
he be subpoenaed or suggest that he appear or testify; (3) voluntarily appear or testify; (4)
voluntarily offer any information or testimony

3

 

except to respond directly to specific questions; or (5) suggest or encourage anyone to ask
him specific questions.

          G. Killoy agrees that he shall not make any damaging remarks, oral or written, private or
public, directly or indirectly, to any person or entity (1) about the Company or any current or
former employee of the Company, (2) about the nature of the relationship between or among the
parties, (3) about the business practices or habits of the Company, (4) about the Company’s status
with any governmental or regulatory agency; or (5) about any issues raised in any actual or
potential litigation initiated by Killoy.

          H. Killoy understands and agrees that should he, or any person acting on his behalf, either
directly or indirectly, breach his obligations under this Agreement, including, but not limited to
his obligations delineated in Paragraphs E, F, and G, above, such action shall be deemed a material
breach; without limiting the availability of appropriate remedies, the Company shall be relieved
from performing any further obligations under this Agreement; and Killoy shall be required to
return all consideration received by him, together with interest at the rate of ten per cent (10%)
per annum from the date of payment, payable upon demand.

          I. In consideration of the foregoing releases and covenants, the Company and Killoy agree
that:

	                                                       
	 	(1)	 	Notwithstanding the fact that Killoy’s obligation to perform
services for the Company concluded on March 3, 2005 and that he rendered
services though March 10, 2005, and notwithstanding the manner of payment
prescribed by Section 7 of the Employment Agreement, the Company agrees to pay
Killoy a one-time, lump sum severance payment in the gross amount of $143,889.11
by May 1, 2005, which will represent salary continuation payments of $175,000.00
through and until March 10, 2006 (as prescribed by Section 7 of the Employment
Agreement), less $15,123.21 in severance payments already made and a 10 percent
reduction of the remaining amount in consideration of making the payment in a
lump sum. The Company shall withhold applicable taxes and other withholdings
from the gross amount. The Company and Killoy agree that the amount established
herein is a supplemental payment to a former employee and that, pursuant to the
Small Business Job Protection Act of 1996, which amended Section 104(a)(2) of
the Internal Revenue Code, the withholdings applicable to the supplemental
payment must be assessed at the rate pertaining to former employees and,
accordingly, the withholdings must be calculated at the following flat tax rates
and amounts:
	                                                        

Federal Income Tax: 25%, or $35,972.28

Federal FICA tax: 6.2% on the first $, or $

Federal Medicare Tax: 1.45%, or $2086.39

Massachusetts Income Tax: 5%, or $7,194.46

The Company also will reimburse Killoy for all outstanding business expenses,
including cancellation charges for equipment incurred by Killoy in connection
with the East Longmeadow, Massachusetts office, and Killoy acknowledges that
he has received payment for all such outstanding business expenses as of the
date of his singing this Agreement.

4

 

	                                                       
	 	(2)	 	So that Killoy will be allowed to receive the lump sum payment
described in Subparagraph (1), above, the parties agree to characterize Killoy’s
cessation of employment as a termination of employment by Killoy because the
Company has moved its primary location outside of Western Massachusetts, in
accordance with Section 7(b) of the Employment Agreement. The parties also
agree that the cessation of Killoy’s employment shall not be characterized as a
“resignation for good reason” in accordance with Section 7(c) of the Employment
Agreement, and as defined by Section 7(d) of the Employment Agreement.
	                                                        
	 
	                                                       
	 	(3)	 	In accordance with Section 9 of the Employment Agreement and
Sections 1 and 4(d) of the Non-Statutory Stock Option Agreement, which is
Exhibit B to the Employment Agreement, but notwithstanding the deadline
contained in Section 4(d) of the Non-Statutory Stock Option Agreement, Killoy
shall have the right to exercise his Option to purchase up to 50,000 shares of
the Company at the price of $1.00 per share no later than June 1, 2005 or 30
days after the first registration of the Company’s securities immediately
following the date hereof (the “Next Registration”) to be filed by the Company
is approved by the SEC, whichever occurs later. Such Option shall be exercised
in accordance with Section 5 of the Non-Statutory Stock Option Agreement. The
Company shall use its best efforts to (a) incorporate Killoy’s options into the
Next Registration and (b) fully cooperate and facilitate the exercise of
Killoy’s options upon receipt of Killoy’s notice to the Company of his desire to
exercise said options. The Company shall provide Killoy with notice of the Next
Registration’s approval by the SEC within five days of said approval. All
notices, requests, demands and other communications from the Company to Killoy
shall be in writing and shall be deemed to have been duly given if delivered
personally, by telepcopy (with confirmation of receipt), mailed by certified or
certified mail return receipt requested, or delivered via overnight delivery
service for which evidence of receipt is produced: if to Killoy c/o Robinson
Donovan, P.C., Attn: John C. Sikorski, Esq., 1500 Main Street, Springfield, MA
01115.
	                                                        
	 
	                                                       
	 	(4)	 	The Company agrees to release Killoy from any claims involving
the performance of any future responsibilities under Section 1 of the Employment
Agreement; provided that Killoy shall continue to be required to comply with:
(a) Sections 11-13 of the Employment Agreement; (b) the Company’s Employee
Confidentiality and Non-Compete Agreement (hereafter “Confidentiality
Agreement”) referred to in Section 11 of the Employment Agreement; and (c)
Paragraph J and the proviso in Paragraph L(3) of this Agreement.
	                                                        
	 
	                                                       
	 	(5)	 	Killoy waives any claim for interest on the payments indicated in
Subparagraph (1), above, provided that such payments are issued within the time
periods delineated in this Agreement.
	                                                        

It is also understood, agreed and acknowledged that Killoy shall not be entitled to receive any
other payments, compensation or benefits of any nature from the Company from and after such
effective date of resignation including, but not limited to, the bonus specified in Section 4 and
Schedule A of the

5

 

Employment Agreement, telephone allowance, medical, dental, short-term disability insurance, life
insurance, or other benefits.

          J. On or before the termination of his employment with the Company, Killoy shall return to the
Company all of its property, including PC’s, notebook computers or other hardware either provided
by the Company to Killoy or purchased by Killoy and reimbursed by the Company for use in performing
his job responsibilities, keys, documents and confidential information in Killoy’s possession or
control, except as otherwise provided in this Agreement. Killoy further agrees that he shall not
retain any copies, duplicates, reproductions or excerpts of any confidential information of the
Company and that he shall not use or disclose any of such information to others. Killoy
understands and acknowledges that the disclosure of any such information (including, but not
limited to names of customers, terms and conditions of transactions, pricing techniques or methods)
will cause irreparable harm to the Company. Killoy shall continue to be required to comply with
Sections 11-13 of the Employment Agreement in effect as of the date hereof. The parties agree that
the definition of “Competitive Business” in the Employment Agreement shall mean a person or entity
that competes directly with the Company in any product that is the same as or similar to or
competes with a product that was being researched, developed, produced, marketed, leased or sold by
the Company at the time that Killoy was employed by the Company (hereafter “Conflicting Products”),
provided that should Killoy be employed by a company that, subsequent to the start of his
employment with that company, engages in, or is about to become engaged in, research on or
development, production, marketing, leasing or selling of a Conflicting Product, then Killoy shall
not: (1) render any services, directly or indirectly, to such company in connection to the
research, development, production, marketing, leasing, sale, merchandising or promotion of any
Conflicting Products or engage in any actions otherwise in violation of Sections 11-13 of the
Employment Agreement; and (2) shall provide written assurance satisfactory to the Company from such
company and from Killoy that Killoy will not engage, directly or indirectly, in any such
activities.

          K The parties agree that this Agreement shall be construed under the laws of the State of
North Carolina. The parties consent to the jurisdiction and venue of the North Carolina Court in
any legal action to enforce and construe the terms of this Agreement. The Company shall be
entitled to both temporary and permanent injunctive relief (without the requirement for posting a
bond) in order to enforce its rights, in addition to any other remedies available to the Company.

          L. This Agreement (1) shall be binding upon and inure to the benefit of the Company, Killoy
and their respective personal representatives, heirs, successors and assigns, (2) shall be governed
by and construed in accordance with the local laws of the State of North Carolina, and (3)
supersedes all prior understandings or agreements (whether oral or written) between the Company and
Killoy; provided, however, that Killoy’s obligations under the Confidentiality Agreement and
Sections 11 through 13 of the Employment Agreement, regarding Killoy’s post-termination
non-disclosure, non-competition, and non-solicitation obligations and fairness of provisions shall
remain in full force and effect and survive the execution and delivery of this Agreement.

          M. Any notice required or permitted to be given under this Agreement shall be sufficient if in
writing and either delivered personally, by telepcopy (with confirmation of receipt), mailed by
certified or certified mail return receipt requested, or delivered via overnight delivery service
for which evidence of receipt is produced, if to the Company, c/o Stringer Systems, Inc., 1901
Roxborough Road, Charlotte, North Caroline 28211 Attention: Robert Gruder, and to Killoy c/o
Robinson Donovan, P.C.,

6

 

Attn: John C. Sikorski, Esq., 1500 Main Street, Springfield, MA 01115, or such other address
as either party shall have designated in writing to the other party.

          N. Except for the Company’s rights to damages and/or injunctive relief relating to claims
pursuant to Sections 11 through 13 of the Employment Agreement and Paragraph J and the proviso to
Paragraph L(3), above, of this Agreement, any disputes or disagreements between the parties
relating to or arising out of the terms of this Agreement or the alleged breach thereof shall be
submitted to binding arbitration. If the parties are unable to agree upon an arbitrator within
seven days after notice of any such claim from either party, an arbitrator shall be selected from a
panel furnished by JAMS in accordance with its Comprehensive Arbitration Rules and Procedures.
Such arbitration shall take place at JAMS’ office in Boston, Massachusetts or such other location
mutually acceptable to the parties. The award of the arbitrator shall be final and binding upon
the parties. The arbitrator shall have no authority to order specific performance or to add to,
subtract from or modify this Agreement, but shall have the authority only to interpret this
Agreement. The arbitrator’s fee and other common expenses of the arbitration shall be borne
equally by the parties, except that each party shall be responsible for its own attorney fees,
except as otherwise provided by law as part of the damages or recovery related to any claim made in
such arbitration.

          O. No provision of this Agreement, including this sentence, may be modified, waived or
discharged unless such modification, waiver or discharge is agreed to in a writing signed by the
Company and Killoy. No waiver by either party hereto at any time of any breach by the other party
hereto or compliance with any condition or provision of this Agreement to be performed by such
other party shall be deemed a waiver of similar or dissimilar provisions or conditions at the same
or at any prior or subsequent time.

          P. The invalidity or unenforceability of any provision of this Agreement shall not affect the
validity or enforceability of any other provision of this Agreement, which shall nevertheless
remain in full force and effect. If a court of competent jurisdiction determines that any
restriction in this Agreement is overbroad or unreasonable under the circumstances, such
restriction shall be modified or revised by such court to include the maximum reasonable
restriction allowed by law.

          Q. This Agreement may be executed in one or more counterparts, each being deemed an original
and enforceable against the signing party, but together constituting one and the same agreement.

          R. THE PARTIES DECLARE AND ACKNOWLEDGE THAT NO PROMISE OR AGREEMENT NOT HEREIN EXPRESSED HAS
BEEN MADE TO EACH OTHER, THAT THIS MUTUAL RELEASE AND COVENANT CONTAINS THE ENTIRE AGREEMENT
BETWEEN THE PARTIES HERETO EXCEPT AS OTHERWISE SET FORTH HEREIN INCLUDING, BUT NOT LIMITED TO,
PARAGRAPH I, ABOVE, AND THAT THEY FULLY UNDERSTAND THE MEANING AND INTENT OF THIS AGREEMENT,
INCLUDING BUT NOT LIMITED TO, ITS FINAL AND BINDING EFFECT. KILLOY HAS BEEN ADVISED IN WRITING,
AND HAS BEEN GIVEN THE OPPORTUNITY, TO CONSULT WITH AN ATTORNEY BEFORE SIGNING THIS AGREEMENT, AND
HE HAS DONE SO.

KILLOY AGREES THAT HE SHOULD CONSULT WITH AN ATTORNEY OF HIS CHOICE
BEFORE SIGNING THIS AGREEMENT.

7

 

SHOULD KILLOY NOT CONSULT WITH AN ATTORNEY AT ALL TIMES BEFORE SIGNING
THIS AGREEMENT, HE DOES SO KNOWINGLY AND VOLUNTARILY, AND HE
ACKNOWLEDGES THAT ANY SUCH FAILURE TO CONSULT WITH AN ATTORNEY AT ALL
TIME SHALL NOT HEREAFTER CONSTITUTE A BASIS FOR CONTESTING OR
INVALIDATING THIS AGREEMENT.

Signed at the locations and on the dates indicated below.

	 	 	 	 	 	 	 	 	 
	CHRISTOPHER J. KILLOY	 	 	 	STINGER SYSTEMS, INC., a Nevada
	 	 	 	 	 	 	Corporation
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 

	 	 	 	 	 	By:	 	 
	 

	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	At:
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	Its:	 	 
	 

	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	Date:
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	At:	 	 
	 

	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	Date:	 	 
	 

	 	 	 	 	 	 	 	 

8

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