ENGINEERING CONSULTING AGREEMENT
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This Consulting Agreement is made on this 11th day of September 2003.
BETWEEN
Xxxxxxxx Xxxxxxx, a Consultant having his mailing address at 00 Xxxxxx,
Xxxxxxxxx, Xxxx Xxxx, 0000, Xxxxx Xxxxxx; Motsamai Nduna, a Consultant having
his mailing address at 00 Xxxxxx, Xxxxxxxxx, Xxxx Xxxx, 0000, Xxxxx Xxxxxx; and
Xxxxxxx Xxxxxx, a Consultant having his address at 0 Xxxxxxxxx Xxxxxx, Xxxxxxxx
Xxxx, 0000, Xxxx Xxxxxxxx, Xxxxx Xxxxxx. The above listed Consultants shall be
referred to collectively hereafter as "Consultants" or individually as
"Consultant".
AND
Maximum Dynamics, Inc., having its office at 0 Xxxxx Xxxxxxx Xxxxxx, Xxxxx 0000,
Xxxxxxxx Xxxxxxx, Xxxxxxxx, 00000.
WHEREAS
WHEREAS, CONSULTANTS provide business development services, engineering
services and technology development services for businesses and professionals in
the IT and financial services sector; and,
WHEREAS, Company wishes to engage the services of CONSULTANTS;
NOW, THEREFORE, in consideration of the premises and for other good and
valuable consideration, the parties hereto agree as follows:
DURATION
This agreement commences on September 11th, 2003 and will be effective until
September 11, 2004, as per the terms listed herein. Thereafter it shall be
reviewed for further extension on mutually agreeable terms.
FINANCIAL
CONSULTANTS shall be paid for services as set forth in Exhibit A. The fees to be
paid shall be paid with shares of registered S-8 shares of Common Stock of
Maximum Dynamics, Inc. (priced at today's bid of $0.010). The number of shares
and issued to each CONSULTANT as payment for services is set forth in Exhibit A.
BINDING
This Agreement and the certificates and other instruments delivered by or on
behalf of the parties pursuant hereto constitute the entire agreement between
the parties. The terms and conditions of this Agreement shall inure to the
benefit of and be binding upon the respective heirs, legal representatives,
successor and assigns of the parties hereto, as the case may be.
APPLICABLE LAW
This Agreement is made pursuant to, and will be governed by, and construed and
enforced in accordance with, the laws of South Africa.
TERMINATION
If this agreement is terminated previous to September 11, 2004, the CONSULTANT
shall keep one twelfth (1/12) of the shares received as payment for every month
CONSULTANT was retained.
ACCEPTED
For CONSULTANT For Maximum Dynamics
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BY: /s/ Xxxxxxxx Xxxxxxx BY:/s/ Xxxxxx Xxxxxxx
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Xxxxxxxx Xxxxxxx Xxxxxx Xxxxxxx
DATE: September 11, 2003 DATE: September 11, 2003
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BY: /s/ Motsamai Nduna
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Motsamai Nduna
DATE: September 11, 2003
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BY: /s/ Xxxxxxx Xxxxxx
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Xxxxxxx Xxxxxx
DATE: September 11, 2003
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EXHIBIT A
The following sets forth the services to be rendered by each Consultant, the
fees for such services and the number of S-8 shares to be issued as payment.
Consultant Services Fees Shares
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Xxxxxxxx Xxxxxxx Sales & development of Technology Solutions US$500 50,000
Motsamai Nduna Sales & development of Technology Solutions US$500 50,000
Xxxxxxx Xxxxxx Business development and sales US$500 50,000
