OPTION CANCELLATION AGREEMENT

Exhibit 10.53

OPTION CANCELLATION AGREEMENT

THIS AGREEMENT made the 4th day of April, 2005

BETWEEN:

BULLDOG TECHNOLOGIES INC.,

301 - 00000 Xxxxxxxxx Xxx, Xxxxxxxx, Xxxxxxx Xxxxxxxx, Xxxxxx X0X 0X0

(the "Company")

AND:

XXXX XXXXX,

Blvd. Acapulco #221, Col. Los Brisas, 64780 Monterey, Neuvo Xxxx, Mexico

("Xxxxx")

WHEREAS:

A. In November of 2004, Xxxxx entered into an Employment Agreement with the Company;

B.                     In connection with Xxxxx'x employment with the Company, the Company granted to Xxxxx options (the "Options") to purchase up to 150,000 common shares in the capital stock of the Company at an exercise price of $1.60 per share on the terms and conditions set out in a Stock Option and Subscription Agreement entered into by the Company and Xxxxx;

C.                     As of the date of this Agreement, Xxxxx has resigned from his employment with the Company and has not exercised any of the Options; and

D.                     Both the Company and Xxxxx xxxx it to be in their respective best interests to immediately cancel the Options.

NOW THEREFORE THIS AGREEMENT WITNESSETH that in consideration of the mutual covenants contained herein (the sufficiency whereof is hereby acknowledged by the parties hereto), the parties hereby agree to and with each other as follows:

1.	cancellation of options
		1.1	The Options shall be cancelled effective on the date of this Agreement.
2.	release

.1 Xxxxx, together with his heirs, executors, administrators, and assigns, do hereby remise, release and forever discharge the Company, its respective directors, officers, shareholders, employees and agents, and their respective successors and assigns, of and from all claims, causes of action, suits and demands whatsoever which Xxxxx ever had, now or may have howsoever arising out of the original grant and this cancellation of the Options.

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3.	Counterparts
		3.1	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.
4.	Electronic Means
		4.1	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 set forth on page one of this Agreement.
5.	Further Assurances
		5.1	As and so often as may be required, the parties will execute and deliver all such further documents, do or cause to be done all such further acts and things, and give all such further assurances as in the opinion of the Company or its counsel are necessary or advisable to give full effect to the provisions and intent of this Agreement.
6.	Proper Law
		6.1	This Agreement will be governed by and construed in accordance with the law of British Columbia.
7.	Independent Legal Advice
		7.1	Xxxxx hereby acknowledges that this Agreement was prepared by Xxxxx Xxxxxx LLP for the Company and that Xxxxx Xxxxxx LLP does not represent Xxxxx. By signing this Agreement, Xxxxx confirms that he fully understands this Agreement and (a) has obtained independent legal advice or (b) waives his right to obtain independent legal advice.

IN WITNESS WHEREOF the parties have executed and delivered this Agreement.

SIGNED, SEALED and DELIVERED by XXXX XXXXX in the presence of:


Signature

Print Name

Address
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/s/ Xxxx Xxxxx
XXXX XXXXX

BULLDOG TECHNOLOGIES INC.

Per:	/s/ Xxxx Xxxxxxxx
	Authorized Signatory

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