Document:

Filed by Automated Filing Services Inc. (604) 609-0244 - Bulldog Technologies Inc. - Exhibit 4.2

 Exhibit 4.2  

 THE SECURITIES REPRESENTED HEREBY HAVE BEEN OFFERED IN
  AN OFFSHORE TRANSACTION TO A PERSON WHO IS NOT A U.S. PERSON (AS DEFINED HEREIN)
  PURSUANT TO REGULATION S UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS
  AMENDED (THE "1933 ACT"). 

 NONE OF THE SECURITIES REPRESENTED HEREBY HAVE BEEN REGISTERED
  UNDER THE 1933 ACT, OR ANY U.S. STATE SECURITIES LAWS, AND, UNLESS SO REGISTERED,
  MAY NOT BE OFFERED OR SOLD, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES (AS
  DEFINED HEREIN) OR TO U.S. PERSONS EXCEPT IN ACCORDANCE WITH THE PROVISIONS
  OF REGULATION S UNDER THE 1933 ACT, PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT
  UNDER THE 1933 ACT, OR PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION
  NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE 1933 ACT AND IN EACH CASE
  ONLY IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS. IN ADDITION, HEDGING
  TRANSACTIONS INVOLVING THE SECURITIES MAY NOT BE CONDUCTED UNLESS IN COMPLIANCE
  WITH THE 1933 ACT. "UNITED STATES" AND "U.S. PERSON" ARE AS DEFINED BY REGULATION
  S UNDER THE 1933 ACT. 

STOCK OPTION AND SUBSCRIPTION AGREEMENT 

 This STOCK OPTION AND SUBSCRIPTION AGREEMENT (the "Agreement")
  is made as of _______________, 2004, by and between BULLDOG TECHNOLOGIES
  INC. (the "Company"), whose business address is Suite 301, 11120 Horseshoe
  Way, Richmond, British Columbia, Canada V7A 5H7, and ____________________, whose
  address is __________________________________ (the "Optionee"). 

RECITALS 

WHEREAS: 

 A. The Company wishes to grant stock options to purchase an
  aggregate of _________ shares of the Company's common stock to the Optionee
  as an incentive for the Optionee in carrying out the duties and responsibilities
  of the position of _____________________ of the Company. 

 NOW THEREFORE THIS AGREEMENT WITNESSETH that in consideration
  of other good and valuable consideration and the sum of One ($1.00) Dollar now
  paid by the Optionee to the Company (the receipt and sufficiency whereof is
  hereby acknowledged), it is hereby agreed by and between the parties as follows:

 1.1        In this Agreement, the
  following terms shall have the following meanings: 

	 	(a)	"Exercise Payment" means the amount of money
        equal to the Exercise Price multiplied by the number of Optioned Shares
        specified in the Notice of Exercise; 

2

	 	(b)	"Exercise Price" means $_________ ; 
	 	 	 
	 	(c)	"Expiry Date" means ____________________ ; 
	 	 	 
	 	(d)	"Notice of Exercise" means a notice in writing
        addressed to the Company at its address first recited (or such other address
        of the Company as may from time to time be notified to the Optionee in
        writing), substantially in the form attached as Exhibit "A" hereto, which
        notice shall specify therein the number of Optioned Shares in respect
        of which the Options are being exercised; 

	 	 	 
	 	(e)	"Options" means the irrevocable right and
        option to purchase, from time to time, all, or any part of the Optioned
        Shares granted to the Optionee by the Company pursuant to Section 1.2
        of this Agreement; 

	 	 	 
	 	(f)	"Optioned Shares" means the common shares
        of the Company, subject to the Options; 

	 	 	 
	 	(g)	"Securities" means, collectively, the Options
        and the Optioned Shares;

	 	 	 
	 	(h)	"Shareholders" means holders of record of the Shares;
	 	 	 
	 	(i)	"Shares" means the common shares in the capital
        stock of the Company; 

	 	 	 
	 	(j)	"U.S. Person" shall have the meaning ascribed
        thereto in Regulation S under the 1933 Act, and for the purpose of the
        Agreement includes any person in the United States; and 

	 	 	 
	 	(k)	"Vested Options" means the Options that have
        vested in accordance with Section 1.3 of this Agreement. 

 1.2        The Company
  hereby grants to the Optionee as an incentive and in consideration of his appointment
  as the _________________________ , subject to the terms and conditions hereinafter
  set forth, Options to purchase a total of _____________________ ( _________
  ) Optioned Shares at the Exercise Price. 

 1.3        The Options
  shall vest over _____________ months beginning on __________________________
  , 200____, with a total of ______________________ (________) Options vesting
  each month for the first ________________ months and ____________________________
  (____) Options vesting in month _____________. 

 1.4        The Options
  shall, at 5:00 p.m. (Vancouver time) on the Expiry Date, forthwith expire and
  be of no further force or effect whatsoever. 

 1.5        In the
  event of the death of the Optionee on or prior to the Expiry Date, the Vested
  Options, or such part thereof as remains unexercised, may be exercised by the
  personal representative of the Optionee at any time prior to 5:00 p.m. (Vancouver
  time) on the first anniversary of the date of death of the Optionee or prior
  to 5:00 p.m. (Vancouver time) on the Expiry Date, whichever is the earlier.
  In the event of the death of the Optionee on or prior to the Expiry Date, all
  of the Options which have not vested as of the date of death of the Optionee
  shall immediately expire and be of no further force or effect whatsoever. 

 3 

 1.6        In the
  event the Optionee ceases to be a consultant, a director or an employee of the
  Company, all of the Options which have not vested as of the date upon which
  the Optionee ceases to be a consultant, a director or an employee of the Company
  shall immediately expire and be of no further force or effect whatsoever. 

 1.7        Subject
  to the provisions hereof, the Vested Options shall be exercisable in whole or
  in part (at any time and from time to time as aforesaid) by the Optionee or
  his personal representative giving a Notice of Exercise together with the Exercise
  Payment by cash or by certified cheque, made payable to the Company. 

 1.8        Upon the
  exercise of all or any part of the Vested Options and upon receipt by the Company
  of the Exercise Payment, the Company shall cause to be delivered to the Optionee
  or his personal representative, within ten (10) days following receipt by the
  Company of the Notice of Exercise, a certificate in the name of the Optionee
  or his personal representative representing, in aggregate, the number of Optioned
  Shares specified in the Notice of Exercise. 

 1.9        Nothing
  in this Agreement shall obligate the Optionee to purchase any Optioned Shares
  except those Optioned Shares in respect of which the Optionee shall have exercised
  the Options in the manner provided in this Agreement. 

 2.          Acknowledgements
  of the Optionee 

2.1        The Optionee acknowledges
  and agrees that: 

	 	(a)	 none of the Options or the Optioned Shares have
        been registered under the 1933 Act or under any state securities or "blue
        sky" laws of any state of the United States, and, unless so registered,
        may not be offered or sold in the United States or, directly or indirectly,
        to U.S. Persons, except in accordance with the provisions of Regulation
        S, pursuant to an effective registration statement under the 1933 Act,
        or pursuant to an exemption from, or in a transaction not subject to,
        the registration requirements of the 1933 Act and in each case only in
        accordance with applicable state securities laws; 

	 	 	 
	 	(b)	 the Company has not undertaken, and will have no
        obligation, to register any of the Securities under the 1933 Act; 

	 	 	 
	 	(c)	 the Optionee has received and carefully read this
        Agreement and the public information which has been filed with the Securities
        and Exchange Commission (the "SEC") in compliance or intended compliance
        with applicable securities legislation (collectively, the "Company Information");
      

	 	 	 
	 	(d)	 the decision to execute this Agreement and acquire
        the Securities hereunder has not been based upon any oral or written representation
        as to fact or otherwise made by or on behalf of the Company, and such
        decision is based entirely upon a review of the Company Information (the
        receipt of which is hereby acknowledged);

	 	 	 
	 	(e)	 no securities commission or similar regulatory authority
        has reviewed or passed on the merits of the Securities; 

 4 

	 	(f)	 there is no government or other insurance covering the Securities; 
	 	 	 
	 	(g)	 there are risks associated with an investment in the Securities;
	 	 	 
	 	(h)	 the Company has advised the Optionee that the Company
        is relying on an exemption from the requirements to provide the Optionee
        with a prospectus and to sell the Securities through a person registered
        to sell securities under the Securities Act (British Columbia)
        (the "B.C. Act") and, as a consequence of acquiring the Securities pursuant
        to this exemption, certain protections, rights and remedies provided by
        the B.C. Act, including statutory rights of rescission or damages, will
        not be available to the Optionee; 

	 	 	 
	 	(i)	 the Optionee has not acquired the Securities as
        a result of, and will not itself engage in, any "directed selling efforts"
        (as defined in Regulation S under the 1933 Act) in the United States in
        respect of the Securities which would include any activities undertaken
        for the purpose of, or that could reasonably be expected to have the effect
        of, conditioning the market in the United States for the resale of the
        Securities; provided, however, that the Optionee may sell or otherwise
        dispose of the Securities pursuant to registration thereof under the 1933
        Act and any applicable state and provincial securities laws or under an
        exemption from such registration requirements; 

	 	 	 
	 	(j)	 the Optionee and the Optionee's advisor(s) (if applicable)
        have had a reasonable opportunity to ask questions of and receive answers
        from the Company in connection with the acquisition of the Securities
        hereunder, and to obtain additional information, to the extent possessed
        or obtainable without unreasonable effort or expense, necessary to verify
        the accuracy of the information about the Company; 

	 	 	 
	 	(k)	 the books and records of the Company were available
        upon reasonable notice for inspection, subject to certain confidentiality
        restrictions, by the Optionee during reasonable business hours at its
        principal place of business, and all documents, records and books in connection
        with the acquisition of the Securities hereunder have been made available
        for inspection by the Optionee, the Optionee's attorney and/or advisor(s)
        (if applicable); 

	 	 	 
	 	(l)	 the Company is entitled to rely on the representations
        and warranties and the statements and answers of the Optionee contained
        in this Agreement; 

	 	 	 
	 	(m)	 the Optionee will indemnify and hold harmless the
        Company and, where applicable, its directors, officers, employees, agents,
        advisors and shareholders, from and against any and all loss, liability,
        claim, damage and expense whatsoever (including, but not limited to, any
        and all fees, costs and expenses whatsoever reasonably incurred in investigating,
        preparing or defending against any claim, lawsuit, administrative proceeding
        or investigation whether commenced or threatened) arising out of or based
        upon any representation or warranty of the Optionee contained herein or
        in any document furnished by the Optionee to the Company in connection
        herewith being untrue in any material 

 5

	 	 	respect or any breach or
        failure by the Optionee to comply with any covenant or agreement made
        by the Optionee to the Company in connection therewith; 

	 	 	 	 
	 	(n)	 none of the Securities
        are listed on any stock exchange or automated dealer quotation system
        and no representation has been made to the Optionee that any of the Securities
        will become listed on any stock exchange or automated dealer quotation
        system; except that currently certain market makers make market in the
        common shares of the Company on the OTC Bulletin Board service of the
        National Association of Securities Dealers, Inc.; 

	 	 	 	 
	 	(o)	 in addition to resale restrictions
        imposed under U.S. securities laws, there are additional restrictions
        on the Optionee's ability to resell the Securities under the B.C. Act
        and Multilateral Instrument 45-102 adopted by the British Columbia Securities
        Commission; 

	 	 	 	 
	 	(p)	 the Company will refuse
        to register any transfer of the Securities not made in accordance with
        the provisions of Regulation S, pursuant to an effective registration
        statement under the 1933 Act or pursuant to an available exemption from
        the registration requirements of the 1933 Act and in accordance with applicable
        state and provincial securities laws; 

	 	 	 	 
	 	(q)	 the Optionee has been advised
        to consult the Optionee's own legal, tax and other advisors with respect
        to the merits and risks of an investment in the Securities and with respect
        to applicable resale restrictions, and it is solely responsible (and the
        Company is not in any way responsible) for compliance with: 

	 	 	 	 
	 	 	(i)	 any applicable laws of the jurisdiction in which
        the Optionee is resident in connection with the distribution of the Securities
        hereunder, and 

	 	 	 	 
	 	 	(ii)	 applicable resale restrictions; and 
	 	 	 	 
	 	(r)	 this Agreement is not enforceable
        by the Optionee unless it has been accepted by the Company. 

3.          Representations,
  Warranties and Covenants of the Optionee 

 3.1        The Optionee
  hereby represents and warrants to and covenants with the Company (which representations,
  warranties and covenants shall survive the closing) that: 

	 	(a)	 the Optionee is an employee of the Company; 
	 	 	 
	 	(b)	 the Optionee is not acquiring the Securities for
        the account or benefit of, directly or indirectly, any U.S. Person; 

	 	 	 
	 	(c)	 the Optionee is not a U.S. Person;
	 	 	 
	 	(d)	 the Optionee is resident in the jurisdiction set
        out on page 1 of this Agreement; 

	 	 	 
	 	(e)	 the Optionee is outside the United States when receiving
        and executing this Agreement and is acquiring the Securities as principal
        for the Optionee's own 

 6

	 	 	account, for investment purposes only, and not with
        a view to, or for, resale, distribution or fractionalisation thereof,
        in whole or in part, and no other person has a direct or indirect beneficial
        interest in such Securities; 

	 	 	 
	 	(f)	 the Optionee acknowledges that the Optionee has
        not acquired the Securities as a result of, and will not itself engage
        in, any "directed selling efforts" (as defined in Regulation S under the
        1933 Act) in the United States in respect of the Securities which would
        include any activities undertaken for the purpose of, or that could reasonably
        be expected to have the effect of, conditioning the market in the United
        States for the resale of the Securities; provided, however, that the Optionee
        may sell or otherwise dispose of the Securities pursuant to registration
        of the Securities pursuant to the 1933 Act and any applicable state and
        provincial securities laws or under an exemption from such registration
        requirements and as otherwise provided herein; 

	 	 	 
	 	(g)	 the Optionee has received and carefully read this
        Agreement; 

	 	 	 
	 	(h)	 the Optionee has duly executed and delivered this
        Agreement and it constitutes a valid and binding agreement of the Optionee
        enforceable against the Optionee in accordance with its terms; 

	 	 	 
	 	(i)	 the acquisition of the Securities by the Optionee
        as contemplated in this Agreement complies with or is exempt from the
        applicable securities legislation of the jurisdiction of residence of
        the Optionee; 

	 	 	 
	 	(j)	 the Optionee (i) has adequate net worth and means
        of providing for its current financial needs and possible personal contingencies,
        (ii) has no need for liquidity in this investment, and (iii) is able to
        bear the economic risks of an investment in the Securities for an indefinite
        period of time, and can afford the complete loss of such investment; 

	 	 	 
	 	(k)	 the Optionee is aware that an investment in the
        Company is speculative and involves certain risks, including the possible
        loss of the investment, and the Optionee has carefully read and considered
        the matters set forth under the caption "Risk Factors" appearing in the
        Company's various disclosure documents, filed with the SEC; 

	 	 	 
	 	(l)	 the Optionee has the requisite knowledge and experience
        in financial and business matters as to be capable of evaluating the merits
        and risks of the investment in the Securities and the Company; 

	 	 	 
	 	(m)	 the Optionee understands and agrees that the Company
        and others will rely upon the truth and accuracy of the acknowledgements,
        representations and agreements contained in this Agreement, and agrees
        that if any of such acknowledgements, representations and agreements are
        no longer accurate or have been breached, the Optionee shall promptly
        notify the Company; 

	 	 	 
	 	(n)	 the Optionee is purchasing the Securities for its
        own account for investment purposes only and not for the account of any
        other person and not for distribution, 

 7

	 	 	assignment or resale to
        others, and no other person has a direct or indirect beneficial interest
        in such Securities, and the Optionee has not subdivided its interest in
        the Securities with any other person; 

	 	 	 	 
	 	(o)	the Optionee is not an underwriter
        of, or dealer in, the common shares of the Company, nor is the Optionee
        participating, pursuant to a contractual agreement or otherwise, in the
        distribution of the Securities; 

	 	 	 
	 	(p) 	the Optionee has made an
        independent examination and investigation of an investment in the Securities
        and the Company and has depended on the advice of its legal and financial
        advisors and agrees that the Company will not be responsible in anyway
        whatsoever for the Optionee's decision to invest in the Securities and
        the Company; 

	 	 	 
	 	(q) 	the Optionee understands
        and agrees that none of the Options or the Optioned Securities have been
        or will be registered under the 1933 Act, or under any state securities
        or “blue sky” laws of any state of the United States, and, unless
        so registered, may not be offered or sold except in accordance with the
        provisions of Regulation S, pursuant to an effective registration statement
        under the 1933 Act, or pursuant to an exemption from, or in a transaction
        not subject to, the registration requirements of the 1933 Act and in each
        case only in accordance with applicable state securities laws; 

	 	 	 
	 	(r) 	it understands and agrees
        that the Company will refuse to register any transfer of the Optioned
        Securities not made in accordance with the provisions of Regulation S,
        pursuant to an effective registration statement under the 1933 Act or
        pursuant to an available exemption from, or in a transaction not subject
        to, the registration requirements of the 1933 Act; 

	 	 	 
	 	(s) 	the Optionee is not aware
        of any advertisement of any of the Securities and is not acquiring the
        Securities as a result of any form of general solicitation or general
        advertising including advertisements, articles, notices or other communications
        published in any newspaper, magazine or similar media or broadcast over
        radio or television, or any seminar or meeting whose attendees have been
        invited by general solicitation or general advertising; 

	 	 	 
	 	(t)	no person has made to the
        Optionee any written or oral representations: 

	 	 	 
	 	 	(i) 
	that any person will resell or repurchase
        any of the Securities; 

	 	 	 	 
	 	 	(ii) 
	that any person will refund the purchase
        price of any of the Securities; or 

	 	 	 	 
	 	 	(iii) 
	as to the future price or value of any
        of the Securities; and 

	 	 	 	 
	 	(u) 	the Optionee is a consultant
        of the Company who will be spending a significant amount of time and attention
        on the affairs and the business of the Company. 

 8 

 4.           
  Acknowledgement and Waiver 

 4.1         The Optionee
  has acknowledged that the decision to purchase the Securities was solely made
  on the basis of publicly available information contained in the Company Information.
  The Optionee hereby waives, to the fullest extent permitted by law, any rights
  of withdrawal, rescission or compensation for damages to which the Optionee
  might be entitled in connection with the distribution of any of the Securities.

 5.           
  Legending of Subject Securities 

 5.1         The Optionee
  hereby acknowledges that that upon the issuance thereof, and until such time
  as the same is no longer required under the applicable securities laws and regulations,
  the certificates representing any of the Securities will bear a legend in substantially
  the following form: 

  
     THE SECURITIES REPRESENTED HEREBY HAVE BEEN OFFERED
      IN AN OFFSHORE TRANSACTION TO A PERSON WHO IS NOT A U.S. PERSON (AS DEFINED
      HEREIN) PURSUANT TO REGULATION S UNDER THE UNITED STATES SECURITIES ACT
      OF 1933, AS AMENDED (THE "1933 ACT"). 

     NONE OF THE SECURITIES REPRESENTED HEREBY HAVE BEEN
      REGISTERED UNDER THE 1933 ACT, OR ANY U.S. STATE SECURITIES LAWS, AND, UNLESS
      SO REGISTERED, MAY NOT BE OFFERED OR SOLD, DIRECTLY OR INDIRECTLY, IN THE
      UNITED STATES (AS DEFINED HEREIN) OR TO U.S. PERSONS EXCEPT IN ACCORDANCE
      WITH THE PROVISIONS OF REGULATION S UNDER THE 1933 ACT, PURSUANT TO AN EFFECTIVE
      REGISTRATION STATEMENT UNDER THE 1933 ACT, OR PURSUANT TO AN AVAILABLE EXEMPTION
      FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS
      OF THE 1933 ACT AND IN EACH CASE ONLY IN ACCORDANCE WITH APPLICABLE STATE
      SECURITIES LAWS. IN ADDITION, HEDGING TRANSACTIONS INVOLVING THE SECURITIES
      MAY NOT BE CONDUCTED UNLESS IN COMPLIANCE WITH THE 1933 ACT. "UNITED STATES"
      AND "U.S. PERSON" ARE AS DEFINED BY REGULATION S UNDER THE 1933 ACT.
    

  

 5.2         The Optionee
  hereby acknowledges and agrees to the Company making a notation on its records
  or giving instructions to the registrar and transfer agent of the Company in
  order to implement the restrictions on transfer set forth and described in this
  Agreement. 

 6.           
  Costs 

 6.1         The Optionee
  acknowledges and agrees that all costs and expenses incurred by the Optionee
  (including any fees and disbursements of any special counsel retained by the
  Optionee) relating to the acquisition of the Securities shall be borne by the
  Optionee. 

 7.           
  Governing Law 

 7.1         This Agreement
  is governed by the laws of the Province of British Columbia and the federal
  laws of Canada applicable therein. The Optionee irrevocably attorns to the jurisdiction
  of the courts of the Province of British Columbia. 

 9 

 8.            Survival

 8.1         This Agreement,
  including without limitation the representations, warranties and covenants contained
  herein, shall survive and continue in full force and effect and be binding upon
  the parties hereto notwithstanding the completion of the purchase of the shares
  underlying the Options by the Optionee pursuant hereto. 

 9.           
  Assignment 

 9.1         This Agreement
  is not transferable or assignable. 

 10.         
  Counterparts and Electronic Means 

 10.1        This Agreement
  may be executed in several counterparts, each of which will be deemed to be
  an original and all of which will together constitute one and the same instrument.
  Delivery of an executed copy of this Agreement by electronic facsimile transmission
  or other means of electronic communication capable of producing a printed copy
  will be deemed to be execution and delivery of this Agreement as of the date
  first above written. 

 11.         
  Severability 

 11.1        The invalidity
  or unenforceability of any particular provision of this Agreement shall not
  affect or limit the validity or enforceability of the remaining provisions of
  this Agreement. 

 12.         
  Entire Agreement 

 12.1        Except
  as expressly provided in this Agreement and in the agreements, instruments and
  other documents contemplated or provided for herein, this Agreement contains
  the entire agreement between the parties with respect to the subject matter
  hereof and there are no other terms, conditions, representations or warranties,
  whether expressed, implied, oral or written, by statute or common law, by the
  Company or by anyone else. 

 13.         
  Effectiveness 

 13.1        This Agreement
  shall be deemed to be effective following the delivery by the Optionee to the
  Company of two fully executed copies of this Agreement. 

 IN WITNESS WHEREOF the parties hereto have duly executed
  this Agreement as of the date first above written. 

 BULLDOG TECHNOLOGIES INC. 

	By: 	 	 
	 	John Cockburn, Director 	 

 10

	SIGNED, SEALED and DELIVERED by ____________	)	 
	 in the presence of:	)	 
	 	)	 
	 	)	 
	Signature	)	 
	 	)	 
	Print Name	) 	 
	 	)	 
	Address	)	 
	 	)	 
	 	)	 
	 	)	 
	Occupation	)	 

 EXHIBIT A 

	TO: 	Bulldog Technologies Inc. 

      301 - 11120 Horseshoe Way 

      Richmond, British Columbia 

      Canada V7A 5H7 

 Notice of Exercise 

                           This
  Notice of Exercise shall constitute proper notice pursuant to Section 1.7 of
  that certain Stock Option Agreement (the "Agreement") dated as of ______________________
  , between Bulldog Technologies Inc. (the "Company") and the undersigned. 

                          The
  undersigned hereby elects to exercise Optionee's option to purchase __________________
  shares of the common stock of the Company at a price of US$ ________ per share,
  for aggregate consideration of US$ __________ , on the terms and conditions
  set forth in the Agreement and the Plan. Such aggregate consideration, in the
  form specified in Section 1.7 of the Agreement, accompanies this notice. 

                           The
  Optionee hereby directs the Company to issue, register and deliver the certificates
  representing the shares as follows: 

	Registration Information:	 	Delivery Instructions:
	 	 	 
	Name to appear on certificates	 	Name
	 	 	 
	Address	 	Address
	 	 	 
	 	 	 
	 	 	 
	 	 	Telephone Number

 DATED at ____________________________________ , the _______ day of _____________________
  , _______ . 

	 	 
	 	(Name of Optionee – Please type or print) 
	 	 
	 	 
	 	(Signature and, if applicable, Office)
	 	 
	 	 
	 	(Address of Optionee)
	 	 
	 	 
	 	(City, State, and Zip Code of Optionee) 
	 	 
	 	 
	 	(Fax Number)Filed by Automated Filing Services Inc. (604) 609-0244 - Bulldog Technologies Inc. - Exhibit 4.3

 Exhibit 4.3 

 EMPLOYMENT AGREEMENT

THIS AGREEMENT made the 10th day of May, 2004. 

BETWEEN: 

  
    
       BULLDOG TECHNOLOGIES, INC., a body corporate
        with offices at 128 – 11180 Coppersmith Place, Richmond, British
        Columbia, Canada V7A 5G8 

       (the “Company) 

    

  

AND: 

  
    
       ROBIN WALD, an individual currently residing
        at 6759 – 184A Street, Surrey, British Columbia, V3S 7T1 

       (the “Executive”) 

    

  

WHEREAS: 

 A.              In
  July, 2003, the Company engaged the Executive to serve in the role of Chief
  Technical Officer of the Company; and 

 B.              The
  Executive and the Company wish to formally record the terms and conditions upon
  which the Executive will be employed by the Company and that each of the Company
  and the Executive have agreed to the terms and conditions set forth in this
  Agreement, as evidenced by their execution hereof. 

 NOW THEREFORE THIS AGREEMENT WITNESSES that in consideration
  of the premises and the mutual covenants and agreements herein contained, the
  parties hereto covenant and agree as follows: 

 ARTICLE 1 

  CONTRACT FOR SERVICES 

	 1.1      	 Engagement of Executive. Subject to earlier
        termination of the Agreement as hereinafter provided, the Company hereby
        agrees to employ the Executive in accordance with the terms and provisions
        hereof. 

	 	 
	 1.2      	 Term. Unless terminated earlier in accordance
        with the provisions hereof, the term of employment under this Agreement
        shall commence as at July 1, 2003 and shall continue until June 30, 2006
        (the “Term”). 

	 Initials  __________  ___________
    	 1  

 

	 1.3      	 Exclusive Service. The Executive
        agrees to faithfully, honestly and diligently serve the Company and to
        devote the Executive’s time, attention and best efforts to further
        the business and interests of the Company during the period of this Agreement
        to the exclusion of all other employment unless specifically authorized
        by the Company. 

	 
	 1.4      	 Duties. The Executive’s services
        hereunder shall be provided on the basis of the following terms and conditions:
      

	 
	 	 (a)     
      
	 reporting directly to the Chief Executive Officer
        of the Company, the Executive shall serve the Company as the Chief Technical
        Officer or in such other capacity as may be assigned during the Term;
      

	 
	 	 (b)      
	 the Executive shall be responsible for the research,
        development and production of all of the Company’s current and future
        products with specific emphasis on delivering products to customers on
        time and within budget estimates as well as developing future cost savings
        and product improvements; 

	 
	 	 (c)      
	 the Executive shall be responsible for establishing
        all production facilities (internal or external) and ensuring such facilities
        satisfy GMP and/or ISO certification as required by the Company; 

	 
	 	 (d)      
	 the Executive shall be responsible for drafting
        all technical documentation for the Company’s products including
        all patent applications and product user documents; 

	 
	 	 (e)      
	 the Executive shall faithfully, honestly and diligently
        serve the Company and cooperate with the Company and utilize maximum professional
        skill and care to ensure that all services rendered hereunder are to the
        satisfaction of the Company, acting reasonably, and the Executive shall
        provide any other services not specifically mentioned herein, but which
        by reason of the Executive’s capability the Executive knows or ought
        to know to be necessary to ensure that the best interests of the Company
        are maintained; 

	 
	 	 (f)      
	 the Executive shall assume, obey, implement and
        execute such duties, directions, responsibilities, procedures, policies
        and lawful orders as may be determined or given from time to time by the
        Company; and 

	 
	 	 (g)      
	 the Company shall report the results of the Executive’s
        duties hereunder as may from time to time. 

 ARTICLE 2 

  COMPENSATION 

	 2.1      	 Salary. For services rendered by the Executive
        during the Term, the Executive shall be paid a salary, payable in equal
        monthly instalments at the end of the month or as otherwise agreed to
        by the Company, at a monthly rate of Cdn$7,250, together with any
        annual bonuses (payable in cash and/or common shares in the capital of
        the Company) as may be determined and awarded by the Company’s Board
        of Directors. Such salary shall 

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	 	 be reviewed every six (6) months and may be increased
        at the sole discretion of the Company’s Board of Directors taking
        into account, among other things, individual performance and general business
        conditions. 

	 
	 2.2      	 Compensation Shares. As compensation for
        the services rendered by the Executive pursuant to this Agreement, the
        Company agrees to issue an aggregate of 150,000 shares of the Company’s
        common stock (the “Compensation Shares”). The Company will
        issue the Compensation Shares as fully paid and non-assessable. The Executive
        agrees that he will have to execute all necessary documents before the
        Company will issue the Compensation Shares. The Company agrees that it
        will, if permitted by applicable securities laws, register for resale
        with the Securities and Exchange Commission (the “SEC”) on
        a registration statement on Form S-8 75,000 of the Compensation Shares
        on or before November 30, 2004 and 75,000 of the Compensation Shares on
        or before January 30, 2005. 

	 
	 2.3      	 Benefits. The Executive will receive a vehicle
        allowance of $500 per month during the term of this Agreement. The
        Executive shall be entitled to participate in all employee benefit plans
        offered by the Company to its employees, subject to the terms and conditions
        of such employee benefit plans. These benefit plans may be altered, amended,
        or discontinued by the Company from time to time. The policy documents
        of such benefit plans shall determine benefit entitlement. 

	 
	 2.4      	 Expenses. The Executive will be reimbursed
        by the Company for all reasonable business expenses incurred by the Executive
        in connection with his duties within previously approved budgets upon
        submission of a monthly statement of expenses. 

	 
	 2.5      	 Options. The Executive shall be entitled
        to participate in any of the Company’s stock option plan on such
        terms as may be determined by the Company’s Board of Directors in
        its sole discretion. 

	 
	 2.6      	 Vacation. The Executive shall be entitled
        to periods of vacation during the term of this Agreement upon terms and
        conditions as established by the Company and consistently applied for
        its other salaried executives. 

	 
	 2.7      	 Deductions. The Executive acknowledges that
        all payments by the Company in respect of the services provided by the
        Executive shall be net of all amounts which the Company as employer is
        required to deduct or withhold from salary or other payments to an executive
        in accordance with statutory requirements (including, without limitation,
        income tax, Canada Pension Plan, employee contributions and unemployment
        insurance contributions). 

	 
	 2.8      	 Executive’s Acknowledgements. The Executive
        acknowledges that the Compensation Shares to be issued pursuant to the
        terms of this Agreement will not be registered under the United States
        Securities Act of 1933 (the “1933 Act”), or under any
        state securities or “blue sky” laws of any state of the United
        States, and, unless so registered, may not be offered or sold in the United
        States or to U.S. persons, except pursuant to an effective registration
        statement under the 1933 Act, pursuant to an exemption from, or in a 

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	 	transaction not subject to, the registration requirements
        of the 1933 Act. The Executive further acknowledges that the Compensation
        Shares will be subject in the United States to a one (1) year hold period
        from the date of issuance of the Compensation Shares unless such Compensation
        Shares are registered with the SEC. 

ARTICLE 3 

  CONFIDENTIALITY AND NON-COMPETITION 

	 3.1      	 Maintenance of Confidential Information.
        The Executive acknowledges that in the course of employment hereunder
        the Executive will, either directly or indirectly, have access to and
        be entrusted with information (whether oral, written or by inspection)
        relating to the Company or its respective affiliates, associates or customers
        (the “Confidential Information”). For the purposes of this
        Agreement, “Confidential Information” includes, without limitation,
        any and all Developments (as defined herein), trade secrets, inventions,
        innovations, techniques, processes, formulas, drawings, designs, products,
        systems, creations, improvements, documentation, data, specifications,
        technical reports, customer lists, supplier lists, distributor lists,
        distribution channels and methods, retailer lists, reseller lists, employee
        information, financial information, sales or marketing plans, competitive
        analysis reports and any other thing or information whatsoever, whether
        copyrightable or uncopyrightable or patentable or unpatentable. The Executive
        acknowledges that the Confidential Information constitutes a proprietary
        right, which the Company is entitled to protect. Accordingly the Executive
        covenants and agrees that during the Term and thereafter until such time
        as all the Confidential Information becomes publicly known and made generally
        available through no action or inaction of the Executive, the Executive
        will keep in strict confidence the Confidential Information and shall
        not, without prior written consent of the Company in each instance, disclose,
        use or otherwise disseminate the Confidential Information, directly or
        indirectly, to any third party. 

	 
	 3.2      	 Exceptions. The general prohibition contained in Section
      3.1 against the unauthorized disclosure, use or dissemination of the Confidential
      Information shall not apply in respect of any Confidential Information that:
    
	 
	 	 (a)      	 is available to the public generally in the form disclosed; 
	 
	 	 (b)      	 becomes part of the public domain through no fault of the Executive;
    
	 
	 	 (c)      	 is already in the lawful possession of the Executive at the time of receipt
      of the Confidential Information; or 
	 
	 	 (d)      	 is compelled by applicable law to be disclosed,
        provided that the Executive gives the Company prompt written notice of
        such requirement prior to such disclosure and provides assistance in obtaining
        an order protecting the Confidential Information from public disclosure.
      

	 
	 3.3      	 Developments. Any information,
        technology, technical data or any other thing or documentation whatsoever
        which the Executive, either by himself or in conjunction with any third
        party, has conceived, made, developed, acquired or acquired knowledge
        of 

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	 	 during the Executive’s employment with the
        Company or which the Executive, either by himself or in conjunction with
        any third party, shall conceive, make, develop, acquire or acquire knowledge
        of (collectively the “Developments”) during the Term or at
        any time thereafter during which the Executive is employed by the Company
        that is related to the business of designing and supplying security systems
        for the cargo transit industry shall automatically form part of the Confidential
        Information and shall become and remain the sole and exclusive property
        of the Company. Accordingly, the Executive does hereby irrevocably, exclusively
        and absolutely assign, transfer and convey to the Company in perpetuity
        all worldwide right, title and interest in and to any and all Developments
        and other rights of whatsoever nature and kind in or arising from or pertaining
        to all such Developments created or produced by the Executive during the
        course of performing this Agreement, including, without limitation, the
        right to effect any registration in the world to protect the foregoing
        rights. The Company shall have the sole, absolute and unlimited right
        throughout the world, therefore, to protect the Developments by patent,
        copyright, industrial design, trademark or otherwise and to make, have
        made, use, reconstruct, repair, modify, reproduce, publish, distribute
        and sell the Developments, in whole or in part, or combine the Developments
        with any other matter, or not use the Developments at all, as the Company
        sees fit. 

	 
	 3.4      	 Protection of Developments. The Executive
        does hereby agree that, both before and after the termination of this
        Agreement, the Executive shall perform such further acts and execute and
        deliver such further instruments, writings, documents and assurances (including,
        without limitation, specific assignments and other documentation which
        may be required anywhere in the world to register evidence of ownership
        of the rights assigned pursuant hereto) as the Company shall reasonably
        require in order to give full effect to the true intent and purpose of
        the assignment made under Section 3.3 hereof. If the Company is for any
        reason unable, after reasonable effort, to secure execution by the Executive
        on documents needed to effect any registration or to apply for or prosecute
        any right or protection relating to the Developments, the Executive hereby
        designates and appoints the Company and its duly authorized officers and
        agents as the Executive’s agent and attorney to act for and in the
        Executive’s behalf and stead to execute and file any such document
        and do all other lawfully permitted acts necessary or advisable in the
        opinion of the Company to effect such registration or to apply for or
        prosecute such right or protection, with the same legal force and effect
        as if executed by the Executive. 

	 
	 3.5      	 Non-Competition. The Executive covenants
        and agrees that while employed by the Company and for a period of twelve
        (12) months thereafter, the Executive will not, without the express written
        consent of the Company in each instance, either individually or in partnership
        or jointly or in conjunction with any person as principal, agent, investor,
        shareholder, director, officer, employee, consultant or in any other manner
        whatsoever, carry on or be engaged in, lend money to, guarantee the debts
        or obligations of or permit the Executive’s name or any part thereof
        to be used or employed by any person or persons (including, without limitation,
        any individual, firm, association, syndication, company, corporation or
        other business enterprise) engaged in or concerned with or interested
        in any business or any part thereof which is the same as or competitive
        with that of the Company anywhere in Canada. For the purposes of this
        Section 3.5, 

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	 	 businesses the same as or competitive
        with the Company are those businesses that supply security systems for
        the cargo transit industry. 

	 
	 3.6      	 Non-Solicitation. The Executive
        covenants and agrees with the Company that during the term hereof and
        for a period of twelve (12) months thereafter, the Executive will not:
      

	 
	 	 (a)     
      
	 contact, for the purpose of soliciting any business
        that is competitive with that carried on by the Company, any person who
        is a customer or client of the Company; or 

	 
	 	 (b)      
	 initiate contact with any employee of the Company
        for the purpose of offering him or her employment with any person other
        than the Company. 

	 
	 3.7      	 Fiduciary Obligation. The Executive
        declares that the Executive’s relationship to the Company is that
        of fiduciary, and the Executive agrees to act towards the Company and
        otherwise behave as a fiduciary of the Company. 

	 
	 3.8      	 Remedies. The parties to this Agreement
        recognize that any violation or threatened violation by the Executive
        of any of the provisions contained in this Article 3 will result in immediate
        and irreparable damage to the Company and that the Company could not adequately
        be compensated for such damage by monetary award alone. Accordingly, the
        Executive agrees that in the event of any such violation or threatened
        violation, the Company shall, in addition to any other remedies available
        to the Company at law or in equity, be entitled as a matter of right to
        apply to such relief by way of restraining order, temporary or permanent
        injunction and to such other relief as any court of competent jurisdiction
        may deem just and proper. 

	 
	 3.9      	 Reasonable Restrictions. The Executive
        agrees that all restrictions in this Article 3 are reasonable and valid,
        and all defenses to the strict enforcement thereof by the Company are
        hereby waived by the Executive. 

 ARTICLE 4

  TERMINATION 

	 4.1      	 Termination For Cause. This Agreement
        may be terminated at any time by either party, without notice, for cause.
        In addition to any common law definition of “cause”, “just
        cause” or other similar term, and in no way limiting such common
        law definition, for the purposes of this Agreement, “cause”
        also means that the Executive shall have: 

	 
	 	 (a)      	 committed an intentional act of fraud, embezzlement
        or theft in connection with the Executive’s duties or in the course
        of the Executive’s employment with the Company; 

	 
	 	 (b)      	 intentionally and wrongfully damaged property of
        the Company, or any of its respective affiliates, associates or customers;
      

	 
	 	 (c)      	 intentionally or wrongfully disclosed any of the
        Confidential Information; 

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	 	 (d)      	 made material personal benefit at the expense of
        the Company without the prior written consent of the management of the
        Company; 

	 
	 	 (e)      	 accepted shares or options or any other gifts or
        benefits from a vendor without the prior written consent of the management
        of the Company; 

	 
	 	 (f)      	 fundamentally breached any of the Executive’s
        material covenants contained in this Agreement; or 

	 
	 	 (g)      	 willfully and persistently, without reasonable justification,
        failed or refused to follow the lawful and proper directives of the Company
        specifying in reasonable detail the alleged failure or refusal and after
        a reasonable opportunity for the Executive to cure the alleged failure
        or refusal. 

	 	 For the purposes of this Agreement, an
        act or omission on the part of the Executive shall not be deemed “intentional,”
        if it was due to an error in judgment or negligence, but shall be deemed
        “ intentional” if done by the Executive not in good faith
        and without reasonable belief that the act or omission was in the best
        interests of the Company, or its respective affiliates, associates or
        customers. 

	 
	 4.2      	 Severance for Termination With Cause.
        If the Company terminates the Executive’s employment for cause,
        then the Company will not be obligated to pay the Executive any severance
        payments or provide any notice whatsoever to the Executive. The Company
        will not be required to issue any Compensation Shares after the date of
        the termination of the Executive’s employment for cause. 

	 
	 4.3      	 Termination Without Cause. Either
        the Executive or the Company may terminate the Executive’s employment
        without cause, upon the notice set out below: 

	 
	 	 (a)     
      
	 the Executive may resign upon giving to the Company
        one (1) month prior written notice, plus an additional two (2) weeks notice
        for each year of employment the Executive has completed with the Company.
        On receipt of this notice of resignation, the Company may elect to pay
        the Executive one (1) month base salary (plus two (2) weeks for each year
        of employment the Executive has completed with the Company) in respect
        of the notice period, in which case the resignation shall be effective
        immediately upon such payment being made, regardless of whether the resignation
        was for a date beyond one (1) month (plus two (2) weeks for each year
        of employment the Executive has completed with the Company) from the date
        the notice was received; and 

	 
	 	 (b)      
	 the Company may terminate the Executive’s
        employment at any time without cause upon providing to the Executive one
        (1) month notice, or payment of one (1) month base salary in lieu of notice,
        plus an additional two (2) weeks notice or two (2) weeks base salary for
        each year of employment the Executive has completed with the Company.
      

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	 4.4      	 Limitation of Damages. It is agreed that
        in the event of termination of employment, neither the Company, nor the
        Executive shall be entitled to any notice, or payment in excess of that
        specified in this Article 4. 

	 
	 4.5      	 Applicable Legislation. If the Employment
        Standards Act (British Columbia) or other applicable legislation should
        provide for a period of notice that is greater than that set out in this
        Article 4, the Company shall comply with that legislation and the Executive
        shall be entitled to receive the notice of termination as prescribed therein.
      

	 
	 4.6      	 Return of Materials. Within three (3) days
        of any termination of employment hereunder, or upon any request by the
        Company at any time, the Executive will return or cause to be returned
        any and all Confidential Information and other assets of the Company (including
        all originals and copies thereof), which “assets” include,
        without limitation, hardware, software, keys, security cards and backup
        tapes that were provided to the Executive either for the purpose of performing
        the employment services hereunder or for any other reason. The Executive
        acknowledges that the Confidential Information and the assets are proprietary
        to the Company, and the Executive agrees to return them to the Company
        in the same condition as the Executive received such Confidential Information
        and assets. 

	 
	 4.7      	 Email Account. The Executive acknowledges
        and agrees that the email address and email account given by the Company
        is to be used for work related correspondence. The Executive further acknowledges
        and agrees that all information or messages that are created, sent, received
        or stored on the Company’s email system, including any such information
        or messages created, sent, received or stored under the Executive’s
        email account, are at all times the sole property of the Company. Upon
        any termination of the Executive’s employment hereunder and at all
        times thereafter, the Company will not be obligated to forward any of
        the emails to the Executive. 

 ARTICLE 5 

  NOTICES 

	 5.1      	 Notices. All notices required or allowed
        to be given under this Agreement shall be made either personally by delivery
        to or by facsimile transmission to the address as hereinafter set forth
        or to such other address as may be designated from time to time by such
        party in writing: 

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	 	(a) 	 in the case of the Company, to: 
	 
	 	 	 	 Bulldog Technologies, Inc. 
	 	 	 	 128 – 11180 Coppersmith Place 

      Richmond, British Columbia 

      Canada V7A 5G8 
	 
	 	 	 	 Attention: John Cochburn, President 
	 
	 	 	 	 Facsimile: 604-271-8654 
	 
	 	(b) 	 and in the case of the Executive, to the Executive’s
      last residence address known to the Company. 
	 
	 5.2      	 Change of Address. Any
        party may, from time to time, change its address for service hereunder
        by written notice to the other party in the manner aforesaid. 

 ARTICLE 6 

  GENERAL 

	 6.1      	 Entire Agreement. As of from the date hereof,
        any and all previous agreements, written or oral between the parties hereto
        or on their behalf relating to the employment of the Executive by the
        Company are null and void. The parties hereto agree that they have expressed
        herein their entire understanding and agreement concerning the subject
        matter of this Agreement and it is expressly agreed that no implied covenant,
        condition, term or reservation or prior representation or warranty shall
        be read into this Agreement relating to or concerning the subject matter
        hereof or any matter or operation provided for herein. 

	 
	 6.2      	 Further Assurances. Each party hereto will
        promptly and duly execute and deliver to the other party such further
        documents and assurances and take such further action as such other party
        may from time to time reasonably request in order to more effectively
        carry out the intent and purpose of this Agreement and to establish and
        protect the rights and remedies created or intended to be created hereby.
      

	 
	 6.3      	 Waiver. No provision hereof shall be deemed
        waived and no breach excused, unless such waiver or consent excusing the
        breach is made in writing and signed by the party to be charged with such
        waiver or consent. A waiver by a party of any provision of this Agreement
        shall not be construed as a waiver of a further breach of the same provision.
      

	 
	 6.4      	 Amendments in Writing. No amendment, modification
        or rescission of this Agreement shall be effective unless set forth in
        writing and signed by the parties hereto. 

	 
	 6.5      	 Assignment. Except as herein expressly provided,
        the respective rights and obligations of the Executive and the Company
        under this Agreement shall not be assignable by either party without the
        written consent of the other party and shall, subject to the foregoing,
        enure to the benefit of and be binding upon the Executive and the Company
        and their permitted successors or assigns. Nothing herein expressed or
        implied is intended to 

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	 	 confer on any person other than the parties hereto
        any rights, remedies, obligations or liabilities under or by reason of
        this Agreement. 

	 
	 6.6      	 Severability. In the event that any provision
        contained in this Agreement shall be declared invalid, illegal or unenforceable
        by a court or other lawful authority of competent jurisdiction, such provision
        shall be deemed not to affect or impair the validity or enforceability
        of any other provision of this Agreement, which shall continue to have
        full force and effect. 

	 
	 6.7      	 Headings. The headings in this Agreement
        are inserted for convenience of reference only and shall not affect the
        construction or interpretation of this Agreement. 

	 
	 6.8      	 Number and Gender. Wherever the singular
        or masculine or neuter is used in this Agreement, the same shall be construed
        as meaning the plural or feminine or a body politic or corporate and vice
        versa where the context so requires. 

	 
	 6.9      	 Time. Time shall be of the essence of this
        Agreement. 

	 
	 6.10      	 Governing Law. This Agreement shall be construed
        and interpreted in accordance with the laws of the Province of British
        Columbia and the federal laws of Canada applicable therein, and each of
        the parties hereto expressly attorns to the jurisdiction of the courts
        of the Province of British Columbia. 

	 
	 6.11      	 Enurement. This Agreement is intended to
        bind and enure to the benefit of the Company, its successors and assigns,
        and the Executive and the personal legal representatives of the Executive.
      

IN WITNESS WHEREOF the parties hereto have executed this Agreement effective as of the date and year first above written. 

	 BULLDOG TECHNOLOGIES, INC.  	 ROBIN WALD  
	 	 
	 /s/ John Cockburn  	 /s/ Robin Wald  
	 	 
	 Name:   John Cockburn  	 Name:  Robin Wald  
	 	 
	 Title:  President and CEO  	 Title:  Chief Technical Officer  
	 	 
	 Date:  May 25, 2004  	 Date:  May 25, 2004  

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    	 10

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