Document:

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EXHIBIT 10.33

                         EXECUTIVE EMPLOYMENT AGREEMENT

                                  (Depew)

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                                TABLE OF CONTENTS

                                                                            Page
                                                                            ----

1. General Duties of Employer and Executive....................................1

2. Compensation and Benefits...................................................1

3. Preservation of Business; Fiduciary Responsibility..........................2

4. Term........................................................................2

5. Termination Other Than by Expiration of the Term............................2

6. Effect of Termination.......................................................3

7. Proprietary Information and Innovations; Noncompetition and
     Nonsolicitation...........................................................4

8. Remedies....................................................................5

9. Return of Employer's Property...............................................5

10. Injunctive Relief..........................................................5

11. Dispute Resolution.........................................................5

12. Miscellaneous..............................................................6

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                         EXECUTIVE EMPLOYMENT AGREEMENT
                         ------------------------------

         This Agreement, dated August 16, 2001 ("Effective Date"), is entered
into by and between Litronic Inc., a Delaware corporation ("Employer"), and
Richard M. Depew ("Executive").

         In consideration of Executive's employment by Employer and the mutual
promises and covenants contained herein, the receipt and sufficiency of which is
hereby acknowledged, Employer and Executive intend by this Agreement to specify
the terms and conditions of Executive's employment relationship with Employer.

1. GENERAL DUTIES OF EMPLOYER AND EXECUTIVE.

         1.1 Employer agrees to employ Executive and Executive agrees to accept
employment by Employer and to serve Employer in an executive capacity upon the
terms and conditions set forth herein. Employer hereby employs Executive as the
President and Chief Operating Officer of Employer as of the Effective Date,
reporting to the co-Chairmen of the Board of Employer (the "Co-Chairs").
Executive's duties and responsibilities shall be those normally assumed by the
chief operating officer of a company similarly situated to Employer, as well as
such other or additional duties, as may from time-to-time be assigned to
Executive by the Co-Chairs. Such other or additional duties shall be consistent
with the senior executive functions set forth above.

         1.2 While employed hereunder, Executive shall use his best efforts to
obey the lawful directions of the Board. Executive shall also use his best
efforts to promote the interests of Employer and to maintain and to promote the
reputation of Employer. While employed hereunder, Executive shall devote his
time, efforts, skills and attention to the affairs of Employer and faithfully
perform his duties and responsibilities hereunder.

         1.3 While this Agreement is in effect, Executive may from time to time
engage in any businesses or activities that do not compete directly with
Employer, provided that such businesses or activities do not interfere with his
performance of his duties. In any event, Executive is permitted to (i) invest
his personal assets as a passive investor in such form or manner as Executive
may choose in his discretion provided that the enterprise into which he is
investing is not competitive with Employer (it is being nevertheless understood
that Executive may own 1% or less of the outstanding securities of a publicly
traded company, even if it does business competitive with Employer), (ii)
participate in various charitable efforts and (iii) serve as a member of the
board of directors of other corporations which are not competitors of Employer.

         1.4 Executive shall perform his duties at the corporate office of
Employer located in Irvine, California. Executive shall not be relocated to
another location more than 20 miles from Irvine, California without his prior
written consent.

2. COMPENSATION AND BENEFITS.

         2.1 As compensation for his services to Employer, Employer shall pay to
Executive an annual base salary of $175,000, payable in equal semimonthly
payments in accordance with Employer's regular payroll policy for salaried
employees ("Salary").

         2.2 In addition, Executive shall be entitled to an incentive bonus
("Incentive Bonus"), payable no later than March 31 of each year with respect to
the prior calendar year, equal to $100,000 multiplied by a percentage calculated
as set forth on Exhibit A. Employer shall pay Executive a prorated Incentive
Bonus (the "Prorated Bonus") for any partial calendar year that Executive is
employed by Employer, except if this Agreement is terminated for "Due Cause," in
which case no Incentive Bonus or Prorated Bonus will be due. The Prorated Bonus
shall be based on a fraction, the numerator of which is the number of calendar
days during the calendar year during which Executive was employed and the
denominator of which is 365.

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         2.3 Upon Executive's furnishing to Employer customary and reasonable
documentary support (such as receipts or paid bills) evidencing costs and
expenses incurred by him in the performance of his services and duties hereunder
(including, without limitation, travel and entertainment and cellular telephone
expenses) and containing sufficient information to establish the amount, date,
place and essential character of the expenditure, Executive shall be reimbursed
for such costs and expenses in accordance with Employer's normal expense
reimbursement policy.

         2.4 Executive shall receive an automobile an automobile allowance of
$500 per month. Executive shall pay all lease or finance payments, maintenance
and operating costs (including insurance) for his automobile.

         2.5 As long as this Agreement is in effect, Executive shall be entitled
to participate in the medical (including hospitalization), dental, life and
disability insurance plans, to the extent offered by Employer, and in amounts
consistent with Employer's policy, for other senior executive officers of
Employer.

         2.6 Executive shall have the right to participate in any additional
compensation, benefit, pension, stock option, stock purchase, 401(k) or other
plan or arrangement of Employer now or hereafter existing for the benefit of
other senior executive officers of Employer.

         2.7 Executive shall be entitled to such vacation (but in no event less
than three weeks per year), holiday and other paid or unpaid leaves of absence
consistent with Employer's normal policies for other senior executive officers
of Employer or as otherwise approved by the Co-Chairs. Vacation accrual shall be
subject to Employer's standard policies regarding maximum accrual of unused
vacation time.

         2.8 Executive shall be granted an option to purchase up to 220,000
shares of Employer's Common Stock pursuant to Employer's Amended and Restated
1999 Stock Option Plan ("Plan"). The exercise price of these options shall be
the closing price of a share of Employer's Common Stock on the Effective Date as
reported by The Nasdaq National Market. 20,000 of the shares shall be vested
immediately, and the remaining 200,000 shares shall vest in accordance with
Employer's standard vesting schedule.

3. PRESERVATION OF BUSINESS; FIDUCIARY RESPONSIBILITY. Executive shall use his
best efforts to preserve the business and organization of Employer and to
preserve the business relations of Employer. So long as Executive is employed by
Employer, Executive shall observe and fulfill proper standards of fiduciary
responsibility attendant upon his service and office.

4. TERM. The term of this Agreement shall commence on the Effective Date and
shall end on August 31, 2003, subject to earlier termination as set forth in
Section 5.

5. TERMINATION OTHER THAN BY EXPIRATION OF THE TERM. Employer or Executive may
terminate Executive's employment under this Agreement at any time, but only on
the following terms:

         5.1 Executive may terminate his employment under this Agreement at any
time upon at least 90 days' prior written notice to Employer.

         5.2 Employer may terminate Executive's employment under this Agreement
at any time for "Due Cause" (as defined in Appendix I attached hereto and
incorporated herein by this reference) upon the good faith determination by the
Co-Chairs that Due Cause exists for the termination of the employment
relationship.

         5.3 If Executive is incapacitated by accident, sickness or otherwise so
as to render Executive mentally or physically incapable of performing the
services required under Section 1 of this Agreement for a period of 90
consecutive days, Employer may terminate Executive's employment under this
Agreement subject to the provisions of Section 6.2.

         5.4 This Agreement shall terminate immediately upon Executive's death,
subject to the provisions of Section 6.2.

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         5.5 Subject to the provisions of Section 6.3, Employer may terminate
Executive's employment under this Agreement at any time for any reason
whatsoever, even without Due Cause, by giving a written notice of termination to
Executive, in which case the employment relationship shall terminate immediately
upon the giving of such notice. If Employer terminates the employment of
Executive other than (i) pursuant to Section 5.2 for Due Cause, (ii) due to
incapacity pursuant to Section 5.3 or due to Executive's death pursuant to
Section 5.4, or (iii) Executive's "Retirement" (as defined in Appendix I
attached hereto and incorporated herein by this reference), then such action by
Employer, unless consented to in writing by Executive, shall be deemed to be a
constructive termination by Employer of Executive's employment (a "Constructive
Termination"), and, in such event, Executive shall be entitled to receive the
compensation set forth in Section 6.3.

         5.6 Executive may terminate this Agreement at any time for "Good
Reason" (as defined in Appendix I attached hereto and incorporated herein by
this reference) and, in such event, shall be entitled to receive the
compensation set forth in Section 6.3. If at any time during the term of this
Agreement and prior to a "Change in Control" (as defined in Appendix I attached
hereto and incorporated herein by this reference), Executive terminates his
employment for Good Reason, Executive shall be entitled to maintain all
available legal remedies against Employer for breach of this Agreement.

         5.7 Executive may terminate this Agreement upon Executive's Retirement.
In such event, Employer shall pay Executive his Salary through his Retirement
date and the Prorated Bonus for the calendar year in which Retirement occurs.
All other benefits provided to Executive by this Agreement shall terminate on
the Retirement date.

6. EFFECT OF TERMINATION.

         6.1 If the employment relationship is terminated (a) by Executive upon
90 days' written notice pursuant to Section 5.1, (b) by Employer for Due Cause
pursuant to Section 5.2, or (c) by Executive breaching this Agreement by
refusing to continue his employment and failing to give the requisite 90 days'
written notice, all compensation and benefits shall cease as of the date of
termination, other than: (i) those benefits that are provided by retirement and
benefit plans and programs specifically adopted and approved by Employer for
Executive that are earned and vested by the date of termination; (ii)
Executive's pro rata annual Salary (as in effect as of the date of termination,
payable in the manner as prescribed in the first sentence of Section 2.1)
through the date of termination; (iii) any stock options which have vested as of
the date of termination pursuant to the terms of the Agreement granting such
options; and (iv) accrued vacation as required by California law.

         6.2 If Executive's employment relationship is terminated due to
Executive's incapacity pursuant to Section 5.3 or due to Executive's death
pursuant to Section 5.4, Executive or Executive's estate or legal
representative, will be entitled to those benefits that are provided by
retirement and benefits plans and programs specifically adopted and approved by
Employer for Executive that are earned and vested at the date of termination,
and a Prorated Bonus for the calendar year in which incapacity or death occurs.

         6.3 In the event of a Constructive Termination or a termination of this
Agreement by Executive for Good Reason, then Employer shall:

                  (a) pay to Executive on the date of termination his Salary in
         effect as of the date of termination through the end of the month
         during which such termination occurs plus credit for any vacation
         earned but not taken;

                  (b) pay to Executive as severance pay in a lump sum, in cash,
         within 30 days following the date of termination, an amount equal to
         50% of Executive's annual Salary in effect as of the date of
         termination;

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                  (c) pay to Executive the Prorated Bonus for the calendar year
         during which termination occurs;

                  (d) pay to or reimburse Executive any amounts due Executive
         pursuant to Section 2.4 for a period of six months after the date of
         termination; and

                  (e) maintain, at Employer's expense, in full force and effect,
         for Executive's continued benefit, all medical and life insurance to
         which Executive was entitled immediately prior to the date of
         termination (or at the election of Executive in the event of a Change
         in Control, immediately prior to the date of the Change in Control)
         until the earliest of (i) six months or (ii) the date or dates that
         Executive's continued participation in Employer's medical and/or life
         insurance plans, as applicable, is not possible under the terms of such
         plans (the earliest of (i) and (ii) is referred to herein as the
         "Benefits Date"). If Employer's medical and/or life insurance plans do
         not allow Executive's continued participation in such plan or plans,
         then Employer will pay to Executive, in monthly installments, from the
         date on which Executive's participation in such medical and/or life
         insurance, as applicable, is prohibited until the Benefits Date, the
         monthly premium or premiums which had been payable by Employer with
         respect to Executive for such discontinued medical and/or life
         insurance, as applicable.

         6.4 If there is a Change in Control and Executive is subsequently
terminated without Due Cause or Executive resigns his employment for Good
Reason, then 75% of any unvested options or other rights to acquire securities
of Employer, whether granted prior or subsequent to the Effective Date,
including, without limitation, 75% of any such unvested options or rights
granted pursuant to the Plan, shall immediately vest and become fully
exercisable.

7. PROPRIETARY INFORMATION AND INNOVATIONS; NONCOMPETITION AND NONSOLICITATION.

         7.1 Concurrently with the execution of this Agreement, Executive shall
also execute, and be bound by, Employer's standard form Employee Innovations and
Proprietary Rights Assignment Agreement.

         7.2 During his employment, Executive shall not directly or indirectly
engage in any activity that Employer determines in good faith to be in
competition with Employer. During his employment and for a period of two years
after the date of termination of his employment with Employer ("Termination
Date"), Executive shall not, either directly or indirectly, either alone or in
concert with others, solicit or entice any employee of or consultant to Employer
to leave Employer or to work for anyone in competition with Employer, or
solicit, entice or in any way divert any customer or supplier to do business
with any business entity in competition with Employer. During his employment,
Executive agrees not to plan or otherwise take any preliminary steps, either
alone or in concert with others, to set up or engage in any business enterprise
that would be in competition with Employer. Upon the termination of employment,
Executive shall not accept any employment or engage in any activities where the
loyal and complete fulfillment of the duties of the employment or activities
would require Executive to reveal Proprietary Information to which he had access
or learned during his employment.

         7.3 Upon the termination of Executive's employment, Executive shall
deliver to Employer all devices, records, sketches, reports, proposals, lists,
correspondence, equipment, documents, photographs, photostats, negatives,
undeveloped film, notes, drawings, specifications, tape recordings or other
electronic recordings, programs, data and other materials or property of any
nature belonging to Employer or pertaining to Executive's work with Employer.
Executive shall not take with him, or allow a third party to take, any of the
foregoing or any reproduction of any of the foregoing.

         7.4 Executive represents and warrants that his performance of all of
the terms and provisions of this Agreement as an executive of Employer does not
and will not breach any agreement to keep in confidence proprietary information
acquired by Executive in confidence or in trust prior to his employment by
Employer. Executive also represents and warrants that he has not entered into,
and covenants that he will not enter into, any agreement, either written or
oral, in conflict herewith.

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         7.5 Executive represents and warrants to and covenants with Employer
that he has not brought and will not bring with him to Employer, or use in his
employment with Employer, any materials or documents of a former employer (which
term, for purposes of this Section 7, shall also include persons, firms,
corporations and other entities for which Executive has acted as an independent
contractor or consultant), which are not generally available to the public,
unless he has obtained express written authorization from any such former
employer for their possession and use. Executive also understands that, in his
service to Employer, he is not to breach any obligation of confidentiality that
he has to former employers, and he shall fulfill all such obligations during his
employment hereunder.

         7.6 The terms and conditions of this Agreement shall apply to any
period, if any, during which Executive performs services for Employer as a
consultant or independent contractor, as well as any time during which he is
employed directly by Employer. Upon the termination of employment, Executive
agrees to sign and deliver the "Termination Certificate" attached hereto as
Exhibit B. Executive's failure to sign such Termination Certificate, however,
shall not affect his obligations under this Agreement.

8. REMEDIES. If Executive commits a breach, or threatens to commit a breach, of
any of the provisions of Section 7 (including any breach of the Employee
Confidential Information and Inventions Agreement), Employer shall have (i) the
right to have such provisions specifically enforced by any court having equity
jurisdiction, it being acknowledged and agreed that any such breach or
threatened breach will cause irreparable injury to Employer and that money
damages will not provide an adequate remedy to Employer, and (ii) the right to
require Executive to account for and pay over to Employer all compensation or
profits derived or received by Executive as a result of any breach of any of the
provisions of such Section 7, and Executive hereby agrees to account for and pay
over such compensation or profits to Employer. The invalidity or
unenforceability of all or any portion of Section 7 shall not affect the
validity or enforceability of any other provision or portion hereof or thereof,
and if any provision or portion of this Agreement shall be determined by any
court of competent jurisdiction to be unenforceable or otherwise invalid as
written, then each such provision or portion shall be enforced and validated to
the full extent permitted by law.

9. RETURN OF EMPLOYER'S PROPERTY. Upon the termination of this Agreement or
whenever requested by Employer, Executive shall immediately deliver to Employer
all property in his possession or under his control belonging to Employer, in
good condition, ordinary wear and tear excepted.

10. INJUNCTIVE RELIEF. Executive acknowledges that the breach, or threatened
breach, by Executive of the provisions of this Agreement shall cause irreparable
harm to Employer, which harm cannot be fully redressed by the payment of damages
to Employer. Accordingly, Employer shall be entitled, in addition to any other
right or remedy it may have at law or in equity, to seek an injunction or
restraining Executive from any violation or threatened violation of this
Agreement.

11. DISPUTE RESOLUTION. All claims, disputes and other matters in
controversy ("dispute") arising, directly or indirectly out of or related to
this Agreement, or the breach thereof, whether contractual or noncontractual,
and whether during the term or after the termination of this Agreement, shall be
resolved exclusively according to the procedures set forth in this Section 11.

         11.1 Neither party shall commence an arbitration proceeding pursuant to
the provisions of Section 11.2 unless such party shall first give a written
notice (a "Dispute Notice") to the other party setting forth the nature of the
dispute. The parties shall attempt in good faith to resolve the dispute by
mediation under the American Arbitration Association Commercial Mediation Rules
in effect on the date of the Dispute Notice. If the parties cannot agree on the
selection of a mediator within 20 days after delivery of the Dispute Notice, the
mediator will be selected by the American Arbitration Association. If the
dispute has not been resolved by mediation within 60 days after delivery of the
Dispute Notice, then the dispute shall be determined by arbitration in
accordance with the provisions of Section 11.2.

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         11.2 Any dispute that is not settled by mediation as provided in
Section 11.1 shall be resolved by arbitration before a single arbitrator
appointed by the American Arbitration Association or its successor in Irvine,
California. The determination of the arbitrator shall be final and absolute. The
arbitrator shall be governed by the duly promulgated rules and regulations of
the American Arbitration Association or its successor then in effect, and the
pertinent provisions of the laws of the State of California relating to
arbitration. The decision of the arbitrator may be entered as a final judgment
in any court of the State of California or elsewhere. The prevailing party in
any such arbitration shall also be entitled to recover reasonable attorneys',
accountants' and experts' fees and costs of suit in addition to any other relief
awarded such prevailing party.

12. MISCELLANEOUS.

         12.1 If any provisions contained in this Agreement is for any reason
held to be totally invalid or unenforceable, such provision will be fully
severable, and in lieu of such invalid or unenforceable provision there will be
added automatically as part of this Agreement a provision as similar in terms as
may be valid and enforceable.

         12.2 All notices and other communications required or permitted
hereunder or necessary or convenience in connection herewith shall be in writing
and shall be deemed to have been given when mailed by registered mail or
certified mail, return receipt requested or hand delivered, as follows (provided
that notice of change of address shall be deemed given only when received):

         If to Employer:            Litronic Inc.
                                    17861 Cartwright Road
                                    Irvine, CA  92614
                                    Attn: Chairman of the Board

         If to Executive:           Richard M. Depew
                                    2563 Shadow Mountain Drive
                                    San Ramon, CA 94583

or to such other names or addresses as Employer or Executive, as the case may
be, shall designate by notice to the other party hereto in the manner specified
in this Section 12.2.

         12.3 This Agreement shall be binding upon and inure to the benefit of
Employer, its successors, legal representatives and assigns, and Executive, his
heirs, executors, administrators, representatives, legatees and permitted
assigns. Executive agrees that his rights and obligations hereunder are personal
to him and may not be assigned without the express written consent of Employer.
If Executive should die while any amounts are due to him pursuant to this
Agreement, all such amounts shall be paid to Executive's devisee, legatee or
other designee, or if there be no such designee, to Executive's estate. Employer
will require any successor or assign (whether direct or indirect, by purchase,
merger, consolidation or otherwise) to all or substantially all of the business
and/or assets of Employer, by Agreement in form and substance satisfactory to
Executive and his legal counsel, expressly, absolutely and unconditionally to
assume and agree to perform this Agreement in the same manner and to the same
extent that Employer would be required to perform each of them if no such
succession or assignment had taken place. Any failure of Employer to obtain such
Agreement prior to the effectiveness of any such succession or assignment shall
be a material breach of this Agreement and shall entitle Executive to terminate
Executive's employment for Good Reason. As used in this Agreement, "Employer"
means Employer as hereinbefore defined and any successor or assign to its
business and/or assets as aforesaid which executes and delivers the Agreement
provided for in this Section or which otherwise becomes bound by all the terms
and provisions of this Agreement by operation of law. If at any time during the
term of this Agreement Executive is employed by any corporation a majority of
the voting securities of which is then owned by Employer, "Employer" as used in
this Agreement shall in addition include such Employer. In such event, Employer
agrees that it shall pay or shall cause such Employer to pay any amounts owed to
Executive pursuant to this Agreement.

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         12.4 This Agreement replaces and merges all previous agreements and
discussions relating to the same or similar subject matters between Executive
and Employer with respect to the subject matter of this Agreement. This
Agreement may not be modified in any respect by any verbal statement,
representation or Agreement made by any employee, officer, or representative of
Employer or by any written Agreement unless signed by an officer of Employer who
is expressly authorized by Employer to execute such document.

         12.5 The laws of the State of California will govern the
interpretation, validity and effect of this Agreement without regard to
principles of conflicts of law, the place of execution or the place for
performance thereof. Employer and Executive agree that the state and federal
courts situated in Orange County, California shall have personal jurisdiction
over Employer and Executive to hear all disputes arising under this Agreement.
This Agreement is to be performed in Orange County, California, and Employer and
Executive agree that venue is proper with the state or federal courts in that
county.

         12.6 Executive and Employer shall execute and deliver any and all
additional instruments and agreements that may be necessary or proper to carry
out the purposes of this Agreement.

         12.7 The descriptive headings of the sections of this Agreement are
inserted for convenience only and do not constitute a part of this Agreement.

         12.8 This Agreement may be executed in one or more counterparts, all of
which shall be considered one and the same Agreement.

         12.9 Executive acknowledges that Executive has had the opportunity to
read this Agreement and discuss it with advisors and legal counsel, if Executive
has so chosen. Executive also acknowledges the importance of this Agreement and
that Employer is relying on this Agreement in entering into an employment
relationship with Executive.

         The undersigned have executed this Agreement on the date first written
above.

EMPLOYER:                                   LITRONIC INC.

                                            By: /s/ Kris Shah
                                                --------------------------------
                                                Kris Shah, Chairman of the Board
                                                and Chief Executive Officer

EXECUTIVE:                                      /s/ Richard M. Depew
                                                --------------------------------
                                                Richard M. Depew

                                      -7-

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                                   APPENDIX I

                             ADDITIONAL DEFINITIONS
                             ----------------------

         For purposes of this Agreement, the following additional capitalized
terms shall have the respective definitions set forth below:

         CHANGE IN CONTROL. A "Change in Control" of Employer shall be deemed to
have occurred if: (1) any person (including a "person" as such terms is used in
Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended (the
"Exchange Act")), other than persons controlling (as defined in Rule 405 under
the Securities Act of 1933 ("Rule 405")), Employer immediately after the closing
of the proposed merger between Employer and BIZ Interactive Zone, Inc. (or, if
that merger does not occur, as of the Effective Date of this Agreement) (except
that no person shall be deemed to control Company under Rule 405 merely due to
their position as an officer or director of Company), (A) becomes the
"beneficial owner" (as defined in Rule 13d-3 under the Exchange Act), directly
or indirectly, of more than 50% of the voting securities of Employer, or (B)
succeeds to the control of all or substantially all of the business or assets of
Employer through merger, transfer of assets, reorganization, or other event; or
(2) individuals who as of the Effective Date constitute the Board of Directors
cease for any reason to constitute at least a majority thereof, unless the
election, or the nomination for election, by the stockholders of Employer, of
each new Board member was approved by a majority of the Board members then still
in office who were Board members as of the Effective Date.

         DUE CAUSE. The term "Due Cause" as used in this Agreement means any of
the following events:

                  (a) any intentional misapplication by Executive of Employer's
         funds, or any other act of dishonesty injurious to Employer committed
         by Executive; or

                  (b) Executive's conviction of a felony involving moral
         turpitude; or

                  (c) Executive's use or possession of any controlled substance
         or chronic abuse of alcoholic beverages, which use or possession the
         Co-Chairs reasonably determine renders Executive unfit to serve in his
         capacity as a senior executive of Employer; or

                  (d) Executive's persistent and material breach, nonperformance
         or nonobservance of any of the terms of this Agreement, including but
         not limited to Executive's failure to adequately perform his duties.
         Notwithstanding anything in the foregoing subsections (c) or (d) to the
         contrary, Employer shall not terminate Executive unless the Co-Chairs
         first notify Executive as to how his performance hereunder is not
         satisfactory and Executive is given a reasonable period of time (not
         less than 30 days) to remedy the unsatisfactory performance related by
         the Board to Executive during such counseling session. A determination
         of whether Executive has satisfactorily remedied such unsatisfactory
         performance shall be promptly made by the Co-Chairs at the end of the
         period provided to Executive for such remedy and such determination
         shall be final.

         GOOD REASON. The term "Good Reason" as used in this Agreement means any
of the following:

                  (a) the assignment to Executive by the Co-Chairs of duties
         substantially inconsistent with Executive's position, duties,
         responsibilities or status with Employer; a substantial change in
         Executive's titles or offices; any removal of Executive from or any
         failure to reelect Executive to any of his positions as an officer,
         except in connection with the termination of his employment for
         disability, Retirement, Executive's death or by Executive other than
         for Good Reason;

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                  (b) any reduction by Employer in Executive's base Salary as in
         effect on the date hereof;

                  (c) any action by Employer which would violate the provisions
         of Section 1.4 of this Agreement;

                  (d) any failure by Employer to pay Executive amounts due or
         benefits to be provided pursuant to Section 2 of this Agreement;

                  (e) any failure by Employer to provide Executive with the
         number of paid vacation days to which Executive is entitled;

                  (f) a failure by Employer to comply with any material
         provision of this Agreement which has not been cured within 30 days
         after notice of such noncompliance has been given by Executive to
         Employer, or if such failure is not capable of being cured in such
         time, a cure shall not have been diligently initiated by Employer
         within such 30 day period; or

                  (g) If Employer avails itself of, or is subjected by any third
         party to, a proceeding in bankruptcy in which Employer is the named
         debtor, an assignment by Employer for the benefit of its creditors, the
         appointment of a receiver for Employer, or any other proceeding
         involving insolvency or the protection of or from creditors and the
         same has not been discharged or terminated within 90 days;

         RETIREMENT. The term "Retirement" as used in this Agreement shall mean
termination by Executive of Executive's employment based on Executive's having
reached age 65.

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                                    EXHIBIT A

                                BONUS CALCULATION
                                -----------------

Immediately following the execution of the attached Executive Employment
Agreement, and during January of each year that this Agreement is in effect,
Executive and the Co-Chairs shall meet and agree on performance goals for
Employer for that year in three categories: stock price, total revenues and net
income before taxes (the agreed upon amounts being referred to as the
"Targets"). The stock price goal will be worth 10% of the Incentive Bonus, the
total revenues goal shall be worth 30% of the Incentive Bonus and the net income
before taxes goal shall be worth 60% of the Incentive Bonus.

The stock price portion of the Incentive Bonus is "all or nothing." In order to
earn the stock price portion of the Incentive Bonus, the closing price of a
share of Employer's Common Stock as reported by Nasdaq (or other national
exchange on which Employer's Common Stock is traded) must equal or exceed the
agreed upon Target price for ten or more consecutive trading days during the
fourth quarter of the calendar year in question. If it does not, 10% of the
Incentive Bonus for that year will be deemed not to have been earned.

The total revenues portion of the Incentive Bonus may be wholly or partially
earned. If Employer's total revenues for the calendar year in question, as
reported on Employer's Form 10-K for that year as filed with the SEC, equal or
exceed the agreed upon Target, 30% of the Incentive Bonus will be earned. If
Employer's total revenues as described above are less than the Target, but at
least 90% of the Target, 15% of the Incentive Bonus will be earned. If
Employer's total revenues as described above are less than 90% of the Target,
but at least 80% of the Target, 7.5% of the Incentive Bonus will be earned.

The net income before taxes portion of the Incentive Bonus may also be wholly or
partially earned. If Employer's net income before taxes for the calendar year in
question, as reported on Employer's Form 10-K for that year as filed with the
SEC, equal or exceed the agreed upon Target, 60% of the Incentive Bonus will be
earned. If Employer's net income before taxes as described above are less than
the Target, but at least 90% of the Target, 30% of the Incentive Bonus will be
earned. If Employer's net income before taxes as described above are less than
90% of the Target, but at least 80% of the Target, 15% of the Incentive Bonus
will be earned.

<PAGE>

                                    EXHIBIT B

         I certify as follows:

         1. When I signed the attached Executive Employment Agreement (the
"Agreement"), I read and understood the terms of the Agreement.

         2. I hereby acknowledge that I have fully complied with the terms of
the Agreement, including, without limitation, the disclosure and assignment to
SSP Solutions, Inc. ("Employer") of any Inventions covered by that Agreement,
and the return of any documents and other materials or any nature relating to my
employment with Employer.

         3. I hereby acknowledge and agree to comply with my continuing
obligations under this Agreement, including, without limitation, my obligations
not to use for personal benefit or to disclose to others an Proprietary
Information of Employer.

         4. I understand and acknowledge that should I fail to comply with my
obligations under the Agreement, Employer shall have the right to obtain an
injunction against me, including, without limitation, an injunction prohibiting
me from disclosing Proprietary Information to a third party.

Dated as of _________________
                                             ________/S/________________________
                                             Signature of Executive

                                             Richard M. Depew
                                             -----------------------------------
                                             Print Name<PAGE>
EXHIBIT 10.43

                          MUTUAL SETTLEMENT AND RELEASE

         This Mutual Settlement and Release (this "AGREEMENT") is entered into
and is effective as of October 31, 2002 ("EFFECTIVE DATE"), by and among (i)
Game Base of Nevada, Inc., a corporation organized under the laws of Nevada
("GBN"), (ii) Robert V. Brazell, an individual ("BRAZELL"); (GBN, along with
Brazell are collectively referred to herein as the "GBN ENTITIES"); (ii) SSP
Gaming, LLC, a Nevada limited liability company ("SSPG"); (iii) Marvin Winkler,
an individual ("WINKLER"); (iv) SSP Solutions, Inc., a Delaware corporation
("SSPX"); (SSPG, along with Winkler and SSPX, are collectively referred to
herein as the "SSP ENTITIES"), and each of the parties' respective officers,
directors, executives, managers, employees, investors, partners, limited
partners, agents, parents, related and subsidiary entities and affiliates,
successors and assigns. The GBN Entities and the SSP Entities are hereinafter
referred to as the "PARTIES."

                                    RECITALS

         WHEREAS, SSPG was formed by SSPX for the purpose of, among other
things, entering into, financing and performing the contract with Venetian
Interactive, LLC ("VI") relative to the development of on-line gaming for the
Internet and other media;

         WHEREAS, GBN and SSPX entered into the Amended and Restated Operating
Agreement of SSP Gaming, LLC dated May 31, 2002 ("OPERATING AGREEMENT") for the
purpose of admitting GBN as a member of SSPG in consideration of a cash capital
contribution of $2 million by GBN into SSPG according to a contribution schedule
specified in the Operating Agreement;

         WHEREAS, GBN has failed to fund the required capital contribution
according to the schedule specified in the Operating Agreement and SSPG and SSPX
have served a notice of default dated August 3, 2002, upon GBN and an Event of
Default notice dated September 26, 2002, thereby causing GBN and the GBN
Entities to become a Defaulting Party as defined in the Operating Agreement;

         WHEREAS, as a representative of SSPG, Brazell was appointed a member of
the VI management committee as specified under the Operating Agreement, and has
since resigned from that position;

         WHEREAS, the SSP Entities and the GBN Entities have determined that it
is in each Party's best interests for the membership interest held by GBN and
the GBN Entities to be repurchased from GBN, as a Defaulting Party;

         WHEREAS, upon originally executing the Operating Agreement Brazell was
appointed the Executive Manager of SSPG as defined in the Operating Agreement,
but as part of this Agreement has agreed to resign;

         WHEREAS, in light of GBN being a Defaulting Party, the Parties have
negotiated the repurchase of GBN's and the GBN Entities' membership interests in
SSPG, thereby making SSPX the sole member of SSPG with power to appoint the
Executive Manager;

                                       1

<PAGE>

         WHEREAS, each Party represents and agrees that a release of each other
Party is in its self interest.

          NOW, THEREFORE, in consideration of the foregoing premises and mutual
promises contained hereinafter, the Parties agree as follows:

         1. CONSIDERATION.

            The Parties agree to the release of each other as set forth in
Sections 3 and 4 contained herein:

                  a. The Parties further agree that their releases of one
another are unconditional, except as set forth in this Section 1.

                  b. Effective upon execution of this Agreement, Brazell hereby
resigns as the Executive Manager of SSPG, and shall tender a letter of
resignation to SSPG in the form that may be required by SSPG for its records.

                  c. SSPG agrees to repurchase GBN's membership interest, which
includes any and all claims of any nature by the GBN Entities, for a total of
Two Hundred Fifty Thousand dollars ($250,000), together with interest on the
unpaid balance at 6% per annum from the date of this Agreement until paid in
full, payable as follows:

                  (i)      $40,000 upon full execution of this Agreement and
                           Brazell's tender of a letter of resignation as
                           required under Section 1 (c) above;

                  (ii)     $15,000 per month on the first of each month
                           following the payment in Section 1 (c)(i) above until
                           the entire balance plus interest, as provided above,
                           is paid in full;

                  (iii)    Balance plus interest, as provided above, in full
                           within five days after the SSP Entities provide VI
                           with $2,000,000 (two million dollars) in cash, in
                           kind, or other value, as defined below, (the "VI
                           Contribution") sufficient to satisfy or to obtain
                           VI's release from or waiver of the obligation to make
                           the balance of the initial $2,000,000 contribution to
                           the capital of VI.

                  (iv)     Within five days after the VI Internet gaming site
                           goes "live," accepts its first wager, or registers
                           its first user, whichever occurs first.

When used herein, the term "VI Contribution" shall include the aggregate value
of all cash or other forms of value transferred by or on behalf of the SSP
Entities, credited to their account, or received in lieu of, waiver of, or
forgiveness of any obligation, covenant or requirement, including the fair
market value of licensing, marketing, processing or similar agreements or
arrangements; processing, marketing, or other capabilities; industry joint
venture, strategic relationships, or similar participation arrangement; or other
asserts, tangible or intangible property or assets.

                                       2

<PAGE>

         2. PROVISION FOR DEFAULT OF PAYMENT.

         In the event of a failure to make any payment as specified in paragraph
1.c. above on the date due or within 30 days after written notice from the payee
to SSPG of failure to receive such payment, the SSP Entities and their
respective subsidiaries, affiliates, successors, assignees, and each and all of
their respective assignees, transferees, principals, partners, limited partners,
officers, directors, stockholders, or employees, shall thereupon be deemed to
have assigned 40% of their ownership rights and privileges in VI to Bear Trax,
LLC, a Utah limited liability company("BEAR TRAX"). Bear Trax shall NOT be
admitted as a substitute member in VI.

         3. RELEASE AND COVENANT NOT TO SUE.

         a. Each of the SSP Entities hereby fully, finally and unconditionally
releases and forever discharges the GBN Entities and their current or former
parent companies, subsidiaries, affiliates, successors and assigns and each and
all of their respective assignees, transferees, principals, partners, limited
partners, counsel, officers, directors, stockholders, employees, servants,
heirs, predecessors, successors, agents, insurance carriers, licensees,
representatives, jointly and severally, from any and all claims, disputes,
demands, damages, debts, liabilities, obligations, expenses, liens, contracts,
agreements, causes of action, suits, matters, controversies, claims for
attorneys' fees, costs, incidental expenses, increased overhead, emotional
distress damages, consequential damages, punitive damages, and interest existing
on, or at any time prior to the execution of this Agreement by all parties
hereto, of whatever nature, character or description, whether in law, in equity
or otherwise, whether known or unknown, asserted or unasserted, fixed,
liquidated or contingent, anticipated or unanticipated, which it may have or
claim to have against any and all of them, including, but not limited, to those
which are alleged or referred to herein, directly or indirectly arise out of, or
any fact, matter or issue relating thereto;

         b. Each of the GBN Entities hereby fully, finally and unconditionally
releases and forever discharges each of the SSP Entities and their current or
former parent companies, subsidiaries, affiliates, successors and assigns and
each and all of their respective assignees, transferees, principals, partners,
limited partners, counsel, officers, directors, stockholders, employees,
servants, heirs, predecessors, successors, agents, insurance carriers,
licensees, representatives and their respective parents, jointly and severally,
from any and all claims, disputes, demands, damages, debts, liabilities,
obligations, expenses, liens, contracts, agreements, causes of action, suits,
matters, controversies, claims for attorneys' fees, costs, incidental expenses,
increased overhead, emotional distress damages, consequential damages, punitive
damages and interest, existing on, or at any time prior to the execution of this
Agreement by all parties hereto, of whatever nature, character or description,
whether in law, in equity or otherwise, whether known or unknown, asserted or
unasserted, fixed, liquidated or contingent, anticipated or unanticipated, which
it may have or claim to have against any and all of them, including but not
limited to those which are alleged herein, or directly or indirectly arise out
of, or any fact, matter or issue relating thereto, save and except only the
covenants and agreements of the SSP Entities set forth herein.

                                       3

<PAGE>

         4. INTENTION OF THE PARTIES TO MAKE A GENERAL RELEASE.

                  a. EACH SSP ENTITY MAKES A GENERAL RELEASE OF THE GBN
ENTITIES. Each SSP Entity does hereby fully and irrevocably release and
discharge the GBN Entities from, and covenants not to sue on, any and all
rights, claims, debts, demands, acts, grievances, liabilities, obligations,
damages, costs, fees (including, without limitation, those of attorneys),
expenses, actions and/or causes of action of every nature, character, type and
description, whether known or unknown, suspected or unsuspected, which each may
now own or hold, or have at any time heretofore owned or held, against the GBN
Entities. In entering into this Agreement and the releases set forth in Section
3, each SSP Entity expressly waives any rights or benefits under California
Civil Code section 1542, which provides as follows:

                  A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR
                  DOES NOT KNOW OR SUSPECT TO EXIST IN HIS FAVOR AT THE TIME OF
                  EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM MUST HAVE
                  MATERIALLY AFFECTED HIS SETTLEMENT WITH THE DEBTOR.

                  In this connection, the SSP Entities acknowledge that claims
and facts in addition to or different from those that are now known or believed
to exist may hereafter be discovered with respect to the subject matter of this
instrument or the other parties hereto. This waiver shall apply with respect to
any and all claims, including but not limited to those relating to matters
alleged or referred to herein, that the SSP Entities may have against the GBN
Entities and shall also apply to the GBN Entities' current or former assignees,
transferees, principals, partners, limited partners, counsel, affiliates,
officers, directors, stockholders, employees, servants, subsidiaries, parents,
heirs, predecessors, successors, agents, insurance carriers, attorneys,
representatives and licensees and parent companies.

                  B. EACH GBN ENTITY MAKES A GENERAL RELEASE OF THE SSP
ENTITIES. Each GBN Entity does fully and irrevocably release and discharge the
SSP Entities from, and covenants not to sue on, any and all rights, claims,
debts, demands, acts, grievances, liabilities, obligations, damages, costs, fees
(including, without limitation, those of attorneys), expenses, actions and/or
causes of action of every nature, character, type and description, whether known
or unknown, suspected or unsuspected, which it may now own or hold, or have at
any time heretofore owned or held, against the SSP Entities. In entering into
this Agreement and the releases set forth in Section 3, each GBN Entity
expressly waives any rights or benefits under California Civil Code section
1542, which provides as follows:

                  A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR
                  DOES NOT KNOW OR SUSPECT TO EXIST IN HIS FAVOR AT THE TIME OF
                  EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM MUST HAVE
                  MATERIALLY AFFECTED HIS SETTLEMENT WITH THE DEBTOR.

                  In this connection, the GBN Entities acknowledge that claims
and facts in addition to or different from those that are now known or believed
to exist may hereafter be discovered with respect to the subject matter of this
instrument or the other parties hereto. This waiver shall apply with respect to
any and all claims, including but not limited to those relating to matters

                                       4

<PAGE>

alleged or referred to herein that the GBN Entities may have against the SSP
Entities and shall also apply to their current or former assignees, transferees,
principals, partners, limited partners, counsel, affiliates, officers,
directors, stockholders, employees, servants, subsidiaries, parents, heirs,
predecessors, successors, agents, insurance carriers, attorneys, representatives
and licensees.

         5. MODIFICATION.

         Each of the undersigned Parties understands and agrees that this
Agreement shall not be changed or amended in any respect except by writing and
executed by all the Parties hereto or their authorized representatives. This
Agreement shall not be modified by any of the Parties by oral representation
made before, during or after execution of this Agreement.

         6. AGREEMENT IS NOT VOID, NOT VOIDABLE AND IS ENFORCEABLE.

         All Parties hereto agree that under no circumstances will any Party
make any contention that the provisions of this Agreement are void, voidable or
unenforceable for any reason. If any such contention is made by any Party, the
court shall reject such contention as being contrary to the intent of the
Parties in accordance with the terms of this Agreement. The court shall construe
this Agreement to be enforceable to the maximum extent provided by law.

         7. REPRESENTATION OF AUTHORITY.

         Each individual signing this Agreement hereby warrants that the Party
on whose behalf such individual executes this Agreement has authorized such
individual to execute this Agreement on such Party's behalf.

         8. ENTIRE AGREEMENT.

         This Agreement contains the entire understanding and agreement between
the Parties hereto with respect to the matters referred to herein. No other
representations, warranties, covenants, undertakings or other prior
contemporaneous agreements, oral or written, respecting such matters, which are
not specifically incorporated herein, shall be deemed in any way to exist or
bind any of the Parties hereto. Each Party hereto acknowledges that it has not
executed this Agreement in reliance on any such promise, representation or
warranty, except as specifically contained within this Agreement.

         9. BINDING ON SUCCESSORS AND OTHERS.

         This Agreement and the covenants and conditions contained herein shall
be binding upon the Parties and applied to and be binding upon their respective
assignees, licensees, sublicensees, transferees, principals, partners, limited
partners, counsel, affiliates, officers, directors, stockholders, employees,
servants, parents, heirs, predecessors, successors, agents, insurance carriers,
attorneys and representatives.

                                       5

<PAGE>

         10. CONSTRUCTION.

         The Parties participated jointly in the preparation of this Agreement.
Each Party to this Agreement has had the opportunity to review, comment upon and
redraft this Agreement. It is agreed that no rule of construction shall apply
against any Party or in favor of any Party. This Agreement shall be construed as
if the Parties jointly prepared this Agreement and any uncertainty or ambiguity
shall not be interpreted against any one Party.

         11. ADVICE OF COUNSEL.

         The Parties acknowledge that they have been represented by counsel of
their own choice in the negotiations leading to their execution of this
Agreement, they have read and understood this Agreement and have had it fully
explained to them by their counsel.

         12. APPLICABLE LAW.

         The Parties agree that this Agreement shall be governed by the laws of
the state of Utah, without regard to the principles of conflicts of laws
thereof.

         13. CHOICE OF FORUM.

         The Parties agree that any action maintained to enforce this Agreement
shall be brought in Utah.

         14. ASSIGNMENT OF AGREEMENT.

         The Parties agree that the rights to this Agreement are assigned to
Bear Trax, 801 North 500 West Suite 200, Bountiful Utah, 84010. All payments to
be made pursuant to Section 1 shall be made to Bear Trax.

         15. SEVERABILITY.

         The Parties agree that if any provision of this Agreement is found to
be unenforceable or void, that the void provision shall be stricken from this
Agreement, and the remainder of the Agreement shall be enforced.

         16. COUNTERPARTS.

         This Agreement may be executed in any number of counterparts, and the
parties agree that facsimile signature pages may be accepted in lieu of original
signature pages. All executed counterparts shall be deemed to be one and the
same Agreement.

         17. PLACE/MANNER OF NOTICE.

         Any notice regarding this Agreement shall be in writing, sent via both
facsimile and regular U.S. mail to the following:

                                       6

<PAGE>

          If to the GBN Entities:            Robert V. Brazell
                                             Game Base of Nevada, Inc.
                                             1530 Indian Hills Dr.
                                             Salt Lake City, UT 84108
                                             Facsimile No.:  (801) 463-2836

          With a copy to:                    Kruse, Landa & Maycock
                                             Eighth Floor Bank One Tower
                                             PO Box 45561
                                             Salt Lake City UT 84145-0561
                                             Attention: Jim Kruse

          If to the SSP Entities:            Marvin J. Winkler
                                             SSP Solutions, Inc.
                                             17861 Cartwright Road
                                             Irvine, CA  92614
                                             Facsimile No.:  (949) 655-6150

          With a copy to:                    Rutan & Tucker, LLP
                                             611 Anton Boulevard, Suite 1400
                                             Costa Mesa, California 92626
                                             Attention: Gregg Amber, Esq.
                                             Telecopier: (714) 546-9035

         18. ATTORNEYS' FEES AND COSTS.

         The Parties agree that attorneys' fees, costs, expenses and all such
damages shall be awarded to the prevailing Party in any action or proceeding
brought to enforce this Agreement therein.

                      [THIS SPACE LEFT INTENTIONALLY BLANK]

                                       7

<PAGE>

         IN WITNESS WHEREOF, the parties hereto have signed or caused this
Mutual Release to be signed on the date and year first above written.

SSP Gaming, LLC                              SSP Solutions, Inc.

By: /S/ Marvin Winkler
    -----------------------------
Its Executive Manager                        By: /S/ Marvin Winkler
                                                 -------------------------------
                                                 Name: Marvin Winkler
                                                 Title: Co-Chairman

/S/ Marvin Winkler
---------------------------------
Marvin Winkler
                                             Game Base of Nevada, Inc.

                                             By: /S/ Robert V. Brazell
                                                 -------------------------------
                                                 Name:
                                                 Title:

                                                 /S/ Robert V. Brazell
                                                 -------------------------------
                                                 Robert V. Brazell

                                       8

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