ENGINEERING SERVICES CONSULTING AGREEMENT
This Consulting Agreement is made on this 4th day of December 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 0 Xxxxxxxx Xx, Xxxxxx Xxxxxx, Xxxxx Xxxxxx; and
T'Xxxxxxxxxxx Xxxxxxx, a Consultant having his address at 0000 X Xxxxxxx Xxx,
Xxxxxxxx Xxxxxxx, XX 00000. 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 December 4, 2003 and will be effective until
December 4, 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. and shall be priced at a twenty percent (20%) discount to
today's bid of $0.185 per share. The number of shares 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 December 4, 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
-------------- ---------------------
BY: /s/ Xxxxxxxx Xxxxxxx BY: /s/ Xxxxxx Xxxxxxx
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Xxxxxxxx Xxxxxxx Xxxxxx Xxxxxxx
DATE: 12/04/03 DATE: 12/04/03
BY: /s/ Motsamai Nduna
------------------------------
Motsamai Nduna
DATE: 12/04/03
BY: /s/ T'Xxxxxxxxxxx Xxxxxxx
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T'Xxxxxxxxxxx Xxxxxxx
DATE: 12/04/03
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
---------- -------- ---- ------
Xxxxxxxx Xxxxxxx Sales & development of Technology Solutions $7,400 50,000
Motsamai Nduna Sales & development of Technology Solutions $7,400 50,000
T'Xxxxxxxxxxx Xxxxxxx Development of Technology Solutions $3,700 25,000
