Document:

Exhibit 10.72

SETTLEMENT AGREEMENT AND RELEASE OF ALL CLAIMS

THIS
SETTLEMENT AGREEMENT AND MUTUAL RELEASE (the “Agreement”) dated as of July 1,
2006, is by and between Bulldog Technologies, Inc. (“Company”) and John M.
Cockburn (“Cockburn”).

BACKGROUND

WHEREAS, Company and Cockburn wish to
terminate the written employment agreement (the “Employment Agreement”) dated December 24,2003,
as amended on May 1, 2004 and August 1, 2004, and to compromise and
settle any and all claims between themselves with respect to the Employment
Agreement.

NOW, THEREFORE, in consideration of the
mutual promises, covenants, and agreements contained herein, and for other good
and valuable consideration, Company and Cockburn hereby agree as follows:

1.     Pursuant the Employment Agreement,
Cockburn was employed by Company for the period December 24, 2003 through June 30,
2006 as the Chairman and Chief Executive Officer.

2.     Effective as of June 5,
2006, Cockburn resigned as Chief Executive Officer and effective as of  June 30,2006 (collectively, the “Termination
Dates”), Cockburn resigned as the President of the Company, and released
Company from any and all obligations under the Employment Agreement or
otherwise subject to the terms set forth herein.

3.    Cockburn hereby acknowledges
that he has been paid his wages through the Termination Date.

4.    In consideration for
Cockburn signing this Settlement 
Agreement and Release of All Claims (hereinafter the “Agreement”), and
otherwise waiving any and all claims to presently due and/or future
compensation, wages, leave, personal or sick days, bonuses or like benefit from
the Company pursuant to the terms of the Employment Agreement, and agreeing to
the releases set forth herein, and affirming the terms of any and all existing
confidentiality, non-solicitation, intellectual property, and/or non-compete
agreement(s) with Company, which agreement(s) survive and are not
modified by this Agreement, Company agrees to pay to Cockburn a sum of $10,500
per month for a period of four (4) months, commencing July 1, 2006
and ending October 31, 2006, payable at the end of the respective month.

 

 

5.    Cockburn understands and
agrees that he would not receive the benefits specified in Paragraph 4 above
except for his execution of this Agreement and full compliance with its terms
and his continued compliance with any and all existing confidentiality,
non-solicitation, intellectual property, and/or non-compete agreements with
Company. Cockburn further understands and agrees that he would not receive the
benefits specified in Paragraph 4 above if Cockburn is found to have committed
fraud in his capacity as an employee.

6.    Cockburn, on his own behalf,
and on behalf of his heirs, executors, administrators, successors, and assigns,
hereby releases Company, its directors, officers, employees, agents and/or
affiliated and subsidiary corporation and entities and their directors,
officers and employees, from all claims of whatever nature, whether known or
unknown, which he now has, or in the future may have, against Company arising
out of his employment with, or separation from employment with, Company, or
arising out of the events or actions which resulted in his separation from
employment. In this paragraph, the word “claims” includes, but is not limited
to, claims for race, sex, religious, national origin, disability or marital
status or other forms of prohibited discrimination, or claims arising under any
provision of Title VII of the Civil Rights Act of 1964, The National Labor
Relations Act, Sections 1981 through 1988 Title 42 of the United States Code,
The Employee Retirement Income Security Act of 1974, The Americans with
Disabilities Act of 1990, the Age Discrimination in Employment Act of 1967, or
any other Federal, State, City or local employment or pursuant to contract
(express or implied, oral or written), tort or common law.

7.             Company, as RELEASOR, does hereby
fully, finally and unconditionally release and forever discharge Cockburn, its
former, present, and future members, managers, officers, employees, representatives,
shareholders, directors, agents, predecessors, former and present subsidiaries,
parent entities, affiliates, divisions, licensees, receivers, distributors,
successors and assigns, heirs, executors, administrators, attorneys,
associates, and anyone affiliated with or acting on behalf of any of them
(collectively, the “RELEASED PARTIES”) 
from all actions, causes of action, suits, debts, dues, sums of money,
accounts, reckonings, bonds, bills, specialties, covenants, contracts,
controversies, agreements, promises, variances, trespasses, damages, judgments,
extents, executions, claims, and demands whatsoever, in law, admiralty or
equity, which against the RELEASED PARTIES, the RELEASOR, RELEASOR’S attorneys,
associates, agents, successors, assigns, heirs, parent or subsidiary
corporations, and anyone affiliated with or acting on behalf of any of them,
ever had, now have or hereafter can, shall or may have, from the beginning of
the world to the day of the date of this Agreement. PROVIDED HOWEVER, that nothing in Paragraph 7 shall be
construed to limit Company’s right to file any charge, complaint, or action on
its own behalf and/or participate in any charge, complaint, or action which may
be made by any other person or organization on its behalf before any federal,
state, or local court or administrative agency against Cockburn for claims
arising out of fraud.

 

 

8.             Cockburn, as RELEASOR, does hereby
fully, finally and unconditionally release and forever discharge Company, its
members, managers, officers, employees, representatives, shareholders,
directors, agents, predecessors, former and present subsidiaries, parent
entities, affiliates, divisions, licensees, receivers, distributors, successors
and assigns, heirs, executors, administrators, attorneys, associates, and
anyone affiliated with or acting on behalf of any of them (collectively, the “RELEASED
PARTIES”)  from all actions, causes of
action, suits, debts, dues, sums of money, accounts, reckonings, bonds, bills,
specialties, covenants, contracts, controversies, agreements, promises,
variances, trespasses, damages, judgments, extents, executions, claims, and
demands whatsoever, in law, admiralty or equity, which against the RELEASED
PARTIES, the RELEASOR, RELEASOR’S attorneys, associates, agents, successors,
assigns, heirs, parent or subsidiary corporations, and anyone affiliated with
or acting on behalf of any of them, ever had, now have or hereafter can, shall
or may have, from the beginning of the world to the day of the date of this
Agreement.

9.             Unless compelled by subpoena,
Cockburn agrees not to disclose any information regarding the existence or
substance of this Agreement, except to his spouse, or an attorney or accountant
with whom he chooses to consult regarding his consideration of this Agreement.
Cockburn also agrees to keep confidential all proprietary and business
information which he was provided access to in relation to his employment at
Company or his relationships with Company, including, but not limited to,
customer information, financial information, training methods, personnel
information about other employees, and/or any information regarding the manner
of business and operations of Company. Cockburn further agrees:

a) To refrain from making
any disparaging or derogatory comments or statements, whether written or oral,
about Company, its customers, employees or owners;

b) To not discuss with
anyone any facts relating to any claim Cockburn has asserted or could have
asserted against Company; and

Failure by Cockburn to abide
by these terms constitutes a material breach of this Agreement and entitles
Company to rescind this Agreement, recoup any and all material benefit afforded
to Cockburn thereby, and recover the costs and expenses, including legal fees,
incurred in connection with the enforcement of Company’s rights under this
Agreement.

10.  This Agreement shall be
governed and conformed in accordance with the laws of the province of British
Columbia, Canada without regard to its conflict of laws provision. Should any
provision of the Agreement be declared illegal or unenforceable by any court of
competent jurisdiction and cannot be modified to be enforceable, excluding the
general release language, such provision shall immediately become null and
void, leaving the remainder of this Agreement in full force and effect. Should
the general release language be null and void, this Agreement will become null
and void and Cockburn will return all moneys paid under this Agreement.

11.  This Agreement sets forth the
entire agreement between the parties, and fully supersedes any prior contracts,
agreements, or understanding between the parties with the exception of any and
all confidentiality, non-solicitation, intellectual property, and/or
non-compete agreements previously executed by the parties hereto, which shall
remain in full force and effect. Cockburn acknowledges that he has not relied
on any representations, promises, or agreements of any kind made to him in
connection with his decision to sign this Agreement, except for those set forth
in this Agreement. This Agreement may not be modified, altered or changed
except upon express, written consent of both Parties and the agreement must
reference this Agreement.

 

 

12.  Cockburn acknowledges that he
has been afforded a reasonable amount of time to consider this Agreement and
has been advised to consult with an attorney prior to its execution. By signing
this Agreement, Cockburn acknowledges that he has read this document and fully
understands its contents. Having elected to execute this Agreement, to fulfill
the promises set forth herein, and to receive the benefits set forth in
Paragraph 4, Cockburn freely and knowingly, and after due consideration, enters
into this Agreement intending to waive, settle and release any and all claims
he has or might have against Company relating to his employment or otherwise.

IN WITNESS WHEREOF, the
parties knowingly and voluntarily executed this Agreement as of the date first
set forth above:

AGREED AND ACCEPTED:

	
  

  	
  /s/ John M.
  Cockburn

  	
   

  
	
   

  	
  John M. Cockburn

  	
   

  
	
   

  	
   

  	
   

  
	
  Bulldog
  Technologies, Inc.

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Paul G.
  Harrington

  	
   

  
	
   

  	
  Paul G.
  Harrington

  	
   

  
	
   

  	
  President and
  CEO

  	
   

  
	
   

  	
   

  	
   

  
	
  Witness:

  	
  /s/ Heather
  ThomasExhibit 10.73

July 4,
2006

JOHN
COCKBURN

3640 River Road

Richmond, BC V7C 5M5

Dear
John,

Re:           
Offer of Employment

The
following are the terms and conditions upon which Bulldog Technologies (BC)
Inc. (“Bulldog”) is prepared to employ you.

1.             Position and Work Duties

1.01         You will be based in our Corporate
Office in Richmond, BC. You will carry out the duties and responsibilities of
the position of “Director of Global Sales” as set out in the job description
attached as Schedule “A”. Bulldog reserves the right to unilaterally alter your
duties and responsibilities as its business needs require. You agree that any
changes that may occur pursuant to this clause will not affect or change any
other part of this Agreement.

2.             Commencement Date of Employment

2.01         It is acknowledge that your employment
in this new position with Bulldog Technologies Inc. commenced July 1, 2006
but that the terms of your employment and your appointment as Director of
Global Sales were deferred to this date pending completion of your Resignation
Letter and Mutual Release with respect to your prior employment agreement.

2.02         Unless terminated earlier in accordance
with the provisions hereof, the term of employment under this Agreement shall
commence July 1, 2006 and shall continue until June 30, 2007 (the “Term”).

3.             Salary and Benefits

3.01         Subject to the other terms and
conditions of this Agreement, Bulldog agrees to pay to you a base salary of
$96,000 per year.

3.02         In addition to your base salary,
Bulldog will pay to you a commission based upon the commission plan developed
by the Executive Team of Bulldog and approved by the Board of Directors.

4.             Vacation

4.01         You will accrue vacation pay and be
entitled to vacation in accordance with the Employment Standards Act of British
Columbia. You will also be entitled to be paid for all statutory holidays in
accordance with the Employment Standards Act of British Columbia. Actual
vacation time off will be agreed upon between you and your direct superior or
the Chief Executive Officer of Bulldog. In the event that you elect to carry
forward unused vacation time, you may do so to a maximum of one year’s unused
vacation.

5.             Health and Welfare Benefits

5.01         Bulldog will pay the premiums for
existing dental, medical and other benefit plans as altered, amended,
introduced or discontinued from time to time by Bulldog or its carriers. Please
note that the dental, medical and other benefit plans will be provided in
accordance with the formal plan documents or policies, and any issues with
respect to entitlement to or payment of benefits under any of these plans will
be governed by the terms of such documents or policies establishing the benefit
in issue, not the description contained in this Agreement.

5.02         If you are absent from work for more
than one month (regardless of the reason), you will be responsible for payment
of all of the premiums for any dental, medical and other benefit plans and you
agree that Bulldog can deduct your share of the premiums for any dental,
medical and other benefit plans from your salary.

5.03         Upon cessation of your employment with
Bulldog for any reason, regardless of whether the cessation is voluntary or
involuntary or constitutes termination with or without cause or adequate
notice:

(a)           you shall cease to participate in any
dental, medical and other benefit plans and will not be entitled to any further
benefits thereunder; and

(b)           you will be solely responsible for
obtaining personal benefit plans to replace any or all dental, medical and
other benefit plans, including, without limitation, Medical Services Plan,
extended heath insurance, dental insurance and long term disability insurance.

 

 

5.04         Bulldog shall grant you sick leave with
pay due to illness or injury to you, up to the number of days in your sick
leave reserve. Your sick leave reserve is five (5) days per calendar year.
You will not be paid for unused sick leave.

5.05         If you are on leave for medical
reasons, your duties and responsibilities have been reduced for medical
reasons, or in the opinion of Bulldog, you are not physically or mentally
capable of performing your position, you agrees that at the request of Bulldog,
for the purpose of evaluating the your ability to work, the accommodations
required of Bulldog under the Human Rights Code or similar legislation, or
Bulldog’s right to terminate your employment under this Agreement, you shall:

(a)           Provide Bulldog with a letter from
your medical practitioner regarding your ability to work; and

(b)           If required in the opinion of
Bulldog, attend an independent medical examination conducted by a legally
qualified medical practitioner, selected by the Bulldog and/or a physical
capacity evaluation conducted by a legally qualified medical practitioner or
occupational therapist, selected by Bulldog.

You consent to your medical practitioner and/or occupational therapist
and the independent medical practitioner and/or occupational therapist selected
by Bulldog, as the case may be, providing a detailed report to Bulldog
regarding your ability to work. You consent to Bulldog’s collection of your
personal information from such medical practitioner and/or occupational
therapist. You shall do whatever is reasonably necessary to assist Bulldog, in
order to comply with this section of the Agreement. Bulldog shall reimburse you
for any reasonable costs incurred in compliance with this Section of the
Agreement.

6.             Expenses

6.01         In accordance with policies formulated
by Bulldog from time to time, you will be reimbursed for all reasonable
travelling and other expenses actually and properly incurred by you in
connection with the performance of your duties and functions. For all such
expenses, you will be required to keep proper accounts and to furnish
statements and vouchers to Bulldog within 30 days after the expenses are
incurred.

7.             Stock Options

7.01         Upon approval from the Board of
Directors, you will be eligible for employee stock options with Bulldog. You
agree and acknowledge that the stock options will be issued under and governed
by the provisions of Bulldog’s 2004 Stock Option Plan.

7.02         You agree and acknowledge that none of
the stock options or the shares of common stock acquired on exercise of the
options will be registered under the Securities Act of 1933 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 (as that term is defined in Regulation S under the
Securities Act of 1933), except in accordance with the provisions of Regulation
S, pursuant to an effective registration statement under the Securities Act of
1933, or pursuant to an exemption from, or in a transaction not subject to, the
registration requirements of the Securities Act of 1933 and in each case only
in accordance with applicable state and provincial securities laws.

8.             Service to Bulldog Technologies
Inc.

8.01         During the term of your employment by
Bulldog you will well and faithfully serve Bulldog and promote its interests
and devote the whole of your working time, attention and energy to the business
and affairs of Bulldog.

8.02         During the term of your employment by
Bulldog you will not carry on or engage in any other business or occupation or
become a director, officer, employee, consultant or agent or hold any position
or office with any other corporation, firm or person other than with Bulldog,
unless otherwise agreed to in advance in writing by Bulldog.

8.03         You agree that you will adhere to all
of Bulldog’s policies, rules, systems and procedures as set out in Bulldog’s
Employee Handbook or otherwise. Bulldog reserves the right to change the
provisions of any of these at any time.

9.             Confidentiality

9.01         All business and trade secrets and
confidential information and knowledge which you may acquire during the continuance
of your employment with Bulldog related to the business and affairs of Bulldog
or to its systems, programs, ideas, marketing and promotional plans, sales
forecasts, financial information, products or services (collectively the “Confidential
Information”), will for all purposes and at all times, both during the
continuance of your employment and at all times thereafter, be held by you in
trust for the exclusive benefit of Bulldog. Neither during the term of your
employment nor at any time thereafter shall you disclose to any corporation,
firm or person other than Bulldog, any of the Confidential Information, nor
will you use for any purposes other than those expressly authorized by Bulldog,
the

 

 

Confidential
Information. This paragraph does not apply to any information which would be
found in the public domain.

9.02         Any information, technology, technical
data or any other thing or documentation whatsoever which you, either by
yourself or in conjunction with any third party, have conceived, made, developed,
acquired or acquired knowledge of during your employment with Bulldog or which
you, either by yourself or in conjunction with any third party, shall conceive,
make, develop, acquire or acquire knowledge of (collectively, the “Developments”)
during the term of this Agreement or at any time thereafter during which you
are employed by Bulldog that is related to the business of designing and
supplying security systems for the cargo transportation and storage industry
shall automatically form part of the Confidential Information and shall become
and remain the sole and exclusive property of Bulldog. Accordingly, you do
hereby irrevocably, exclusively and absolutely assign, transfer and convey to
Bulldog 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 you during
the course of performing this Agreement, including, without limitation, the
right to effect any registration in the world to protect the foregoing rights. Bulldog
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 Bulldog sees fit.

9.03         You agree that you will execute Bulldog’s
form of Confidentiality and Proprietary Rights Agreement and that execution of
such agreement is a condition to the effectiveness of this Agreement.

10.           Non-Competition, Non-Solicitation and
Return of Property

10.01       You covenant and agree that while
employed by the Company and for a period of twelve (12) months thereafter, you
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 your 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 or the United States. For
the purposes of this section businesses the same as or competitive with the
Company are those businesses that supply security systems for the cargo transportation
and storage industry.

10.02       You covenant and agree with Bulldog that
during the term hereof and for a period of twelve (12) months thereafter, you
will not:

(a)           solicit or entice, or attempt to
solicit or entice, either directly or indirectly, any supplier, contractor,
consultant, customer or prospective customer of Bulldog as at the date of
termination of this Agreement, to become a supplier, contractor, consultant, or
customer of any business or enterprise that competes with Bulldog, or

(b)           solicit or entice, or attempt to
solicit or entice, either directly or indirectly, any employee of Bulldog as at
the date of termination of this Agreement, to become an employee of any
business or enterprise that competes with Bulldog.

10.03       You understand and agree that Bulldog
will suffer irreparable harm in the event that Bulldog breaches any of the
obligations under this agreement and that monetary damages will be inadequate
to compensate Bulldog for the breach. Accordingly, you agree that, in the event
of a breach or threatened breach by you of any of the provisions of this
Agreement, Bulldog, in addition to and not in limitation of any other rights,
remedies or damages available to it at law or in equity, will be entitled to an
interim injunction, interlocutory injunction and permanent injunction in order
to prevent or to restrain any such breach by you, or by any or all of your
partners, co-venturers, employers, employees, servants, agents, representatives
or any and all persons directly or indirectly acting for, on behalf of or with
you. Furthermore, the existence of any claim or cause of action by you against
Bulldog, whether predicated on this Agreement or otherwise, will not constitute
a defence to the enforcement by Bulldog of the covenants or restrictions
provided in this Agreement.

10.04       You agree that if you violate any of the
covenants or agreements under this Agreement, Bulldog will be entitled to an
accounting and repayment of all profits, compensation, royalties, commissions,
remuneration or benefits which you directly or indirectly realized or may
realize relating to, growing out

 

 

of,
or in connection with any violations. Such remedy will be in addition to and
not in limitation of any injunctive relief or other rights or remedies to which
Bulldog is or may be entitled at law or in equity or otherwise under this
Agreement. You agree to hold harmless and indemnify Bulldog against and in
respect of:

(a)           any and all losses and damages
resulting from, relating or incident to, or arising out of any misrepresentation
or breach by you of any warranty, covenant or agreement made or contained in
this Agreement; and

(b)           any and all actions, suits,
proceedings, claims, demands, judgments, costs and expenses (including
reasonable lawyer’s fees) incidental to the foregoing.

10.05       You have carefully read and considered
the provisions of this Section 10 and, having done so, agree that the
restrictions set forth in this Section 10 are fair and reasonable and are
reasonably required for the protection of the interests of Bulldog and its
business, officers, directors and employees. You further agree that the
restrictions set forth in this Agreement shall not impair your ability to
secure employment within the field or fields of your choice including, without
limitation, those areas in which you are, are to be, or have been employed by
Bulldog.

10.06       Upon the termination of your employment
with Bulldog for any reason, you shall deliver to Bulldog all property
belonging to Bulldog, including, without limitation:

(a)           any keys, security cards, passwords,
devices, records, data, notes, reports, proposals, sketches, drawings,
memoranda, client lists, correspondence, materials, equipment or other
documents or property, and any copies or reproductions thereof, which may have come
into your possession during the course of your employment with Bulldog,

(b)           any items of any nature created by
you in the course of your employment, whether completed or not;

(c)           any communications or documentation
transmitted by, received from, or stored in Bulldog’s computer, email or
voicemail systems, regardless of any personal content; and

(d)           any Confidential Information.

11.           Termination

11.01       Bulldog may terminate your employment in
the event of “cause” at any time before the end of the Initial Term or any
renewal term of this Agreement without notice or payment in lieu of notice. For
the purposes of this Agreement, “cause” includes but is not limited to:

(a)           any material breach of the provisions
of this Agreement by you;

(b)           in the opinion of Bulldog, poor
performance by you after being advised as to the standard required;

(c)           failing to work full-time on the
business of Bulldog for any reason other than disability;

(d)           dereliction of duty;

(e)           dishonesty;

(f)            fraud, misrepresentation or the acts
of moral turpitude;

(g)           any intentional or grossly negligent
disclosure of any Confidential Information by you;

(h)           any improper use of Bulldog’s
property, including without limitation, use of Bulldog’s computer systems to
access sexually explicit material;

(i)            violation of any local, provincial
or federal statute by you, including, without limitation, an act of dishonesty
such as embezzlement or theft, whether committed during the course of or in
relation to your employment with Bulldog or otherwise unless such termination
would be in contravention of the Human Rights Code or other applicable
legislation, if any;

(j)            conduct by you that, in the opinion
of Bulldog, is materially detrimental to the business or financial position of
Bulldog; and

(k)           any and all omissions, commissions or
other conduct which would constitute cause at law.

11.02       In the event of termination or
resignation on or before expiry of the Initial Term or during any renewal term,
the following termination and resignation provisions apply to your agreement
with Bulldog:

(a)           you may resign on giving to Bulldog
four weeks’ prior written notice of the effective date of your resignation;

(b)           on receipt of your four weeks’ notice
of resignation, Bulldog may elect to pay you four weeks’ base salary in lieu of
notice, in which case your employment will terminate immediately upon receipt
of such payment;

 

 

(c)           in the event that your employment is
terminated by Bulldog other than for cause, as defined in paragraph 11.01 of
this Agreement, you shall be entitled to four weeks’ notice of termination or
at the option of Bulldog the payment of four weeks’ base salary in lieu of
notice, provided that if the minimum statutory requirements as of the date of
termination provide a greater benefit than provided in this Section, then such
statutory requirements will replace the payments contemplated under this
Section;

(d)           if Bulldog provides you payment in
lieu of notice, such payment shall: (i) include all entitlement to either
notice or payment in lieu of notice and severance pay under the Employment
Standards Act of British Columbia or other applicable legislation; and (ii) be
subject to all tax withholdings and statutory deductions required by law and
may be provided in regular semi-monthly instalments, save and except for that
portion of the payment in lieu which is required to be provided pursuant to the
Employment Standards Act of British Columbia or other applicable legislation,
if any;

(e)           the notice and severance benefits set
out above are inclusive of and are not in addition to any notice or payment in
lieu of notice to which you may be entitled by employment standards legislation.
In no case shall you receive less notice or payment in lieu of notice than that
to which you are entitled by such legislation; and

(f)            it is agreed that in the event of
the termination of your employment that neither you nor Bulldog shall be
entitled to any notice or payment in excess of that specified above.

11.03       In the absence of termination under the
terms of this Agreement, your employment with Bulldog will terminate on the
expiry of the Initial Term, subject to the renewal provisions contained in this
Agreement.

11.04       By providing the payment as set out in
this Agreement, Bulldog shall be released from all salary and severance
obligations owing or becoming owed to you arising out of this Agreement, your
employment or your termination.

12.           Law of the Contract

12.01       Any dispute relating to the terms of this
Agreement will be resolved pursuant to the laws of the province of British
Columbia.

13.           Assignment of Rights

13.01       The rights which accrue to Bulldog under
this Agreement shall pass to its successors or assigns, including any
corporation or other business organization with which it may merge or
consolidate or to which it may transfer substantially all of its assets. Your
rights under this Agreement are not assignable or transferable in any manner.

14.           Severability

14.01       In the event that any provision of this
Agreement is found to be void, invalid, illegal or unenforceable by a court of
competent jurisdiction, such finding will not affect any other provision of
this Agreement which will continue to be in full force and effect.

15.           Waiver

15.01       The waiver by either you or Bulldog of
any breach or violation of any provision of this Agreement shall not operate or
be construed as a waiver of any subsequent breach or violation.

16.           Entire Agreement

16.01       This Agreement, including any Schedules
referred to in this Agreement, contains the final and entire understanding and
agreement between you and Bulldog with respect to the terms and conditions of
your employment addressed in this Agreement. There are no representations,
warranties, guarantees, promises or agreements other than those set out in this
Agreement.

17.           Modification

17.01       No modification or amendment of this
Agreement shall be binding on you or Bulldog unless witnessed in writing and
duly executed by you and Bulldog.

If
you are prepared to accept employment with Bulldog on the foregoing terms,
kindly confirm your acceptance and agreement by signing the enclosed duplicate
copy of this Agreement where indicated and return one copy to us.

We
ask you to fully consider all of the above terms and to obtain any advice you
feel is necessary, including legal advice, before you execute this Agreement. We
will not accept delivery of this Agreement from you today to ensure that you
have the opportunity to consider these terms and seek advice. If you are not
agreeable to the terms as set out herein, kindly advise us within one week.

Yours
truly,

Bulldog
Technologies Inc.

/s/ Kim Leiske

Kim Leiske, VP Sales and Marketing

ACCEPTED
AND AGREED TO THIS 4th DAY OF July     , 2006, I HAVE
READ AND UNDERSTAND THE TERMS AND CONDITIONS OF EMPLOYMENT SET OUT IN THIS
AGREEMENT. I HAVE BEEN GIVEN FULL OPPORTUNITY TO CONSULT LEGAL ADVISORS OF MY
CHOOSING.

	
  /s/ John Cockburn

  	
   

  
	
  John Cockburn

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00106-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00106-of-00352.parquet"}]]