ENGINEERING CONSULTING AGREEMENT
This Consulting Agreement is made on this 27th day of May 2004.
BETWEEN
Xxxx Xxxxxxxxx, a Consultant having his mailing address at C/O Maximum Dynamics,
Inc. Xxxx 0, Xxxxxxx Xxxx, Xxxxxxxxx, 0000, Xxxxx Xxxxxx; Xxxxxxx Xxxxxxx, a
Consultant having his mailing address at C/O Maximum Dynamics, Inc. Xxxx 0,
Xxxxxxx Xxxx, Xxxxxxxxx, 0000, Xxxxx Xxxxxx; and Xxxxxxx xx Xxxxxx, a Consultant
having his address at 00 Xxxxxxxxxx Xxxxxx, Xxxxxxxxx Xxxxxx, Brackenfell,
Western Cape, South Africa. 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 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 May 27, 2004 and will be effective until November
27, 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 $0.16 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 November 27, 2004, the CONSULTANT
shall keep one twelfth (1/12) of the shares received as payment for every month
CONSULTANT was retained.
ACCEPTED
FOR MAXIMUM DYNAMICS
BY:___________________________ DATE: _____________________
Xxxxxx Xxxxxxx, CFO
For CONSULTANT
BY:________________________ DATE: _________________________
Xxxx Xxxxxxxxx
BY:________________________ DATE: _________________________
Xxxxxxx Xxxxxxx
BY:________________________ DATE: _________________________
Xxxxxxx xx Xxxxxx
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
---------- -------- ---- ------
Xxxx Xxxxxxxxx Call center systems programming and integration $2,560 20,000
Xxxxxxx Xxxxxxx Management of website design and creation $2,560 20,000
Xxxxxxx xx Xxxxxx Systems integration management $14,400 100,000
