CONSULTING AGREEMENT
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This Consulting Agreement is made on this 4th day of December 2003.
BETWEEN
Xxxxxx Xxxxxxxx, a Consultant having his mailing address at Perlemoen Str,
Bloubergstrand, South Africa; Thobeka Mafuduka, a Consultant having her mailing
address at XX Xxx 000, Xxxxx, Xxxxx Xxxxxx; Mpilo Mdakane, a Consultant having
his mailing address at X/X 0 Xxxxxx Xxxxxx, Xxxxxx Xxxxx, Xxxxx Xxxxxx; Xxxxxxxx
Xxxxxxxx-Xxxxx, a Consultant having her mailing address at 0xx Xxxxx, 0 Xxxx Xx,
Xxxx Xxxx, Xxxxx Xxxxxx; Xxxx Xxxxxxx, a Consultant having his mailing address
at 00000 XxXxxxxx Xx, Xxxxxxxxxx,XX 00000-0000; Xxx Xxxxxxx, a Consultant having
his mailing address at 00 Xxxxxxx Xx, Xxxxxxx Xxxxxx, Xxxxx Xxxxxx; Xxxxxx
Xxxxxxxx, a Consultant having his mailing address at 00 Xxxxxxx Xx, Xxxxxxx
Xxxxxx, Xxxxx Xxxxxx; Vuyo Mkhize, a Consultant having his mailing address at
X/X 0 Xxxxxx Xxxxxx, Xxxxxx Xxxxx, Xxxxx Xxxxxx; Xxxx Xxxxxx, a Consultant
having his mailing address at 00 Xxxxxxxx, Xxxxxxxxx Xx, Xxxxxxxxx, Xxxxx
Xxxxxx; and Xxxxxxxxx Xxxxxxxx, a Consultant having her mailing address at 00
Xxxxx Xx, Xxxxxxx Xxx, 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 technology development services,
infrastructure development, operational project management, business development
services, and engineering 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 4th, 2003 and will be effective until
December 4, 2003, 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 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 December 4, 2003, 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/ Xxxxxx Xxxxxxxx BY: /s/ Xxxxxx Xxxxxxx
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Xxxxxx Xxxxxxxx Xxxxxx Xxxxxxx
DATE: 12/04/03 DATE: 12/04/03
BY: /s/ Thobeka Mafuduka
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Thobeka Mafuduka
DATE: 12/04/03
BY: /s/ Mpilo Mdakane
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Mpilo Mdakane
DATE: 12/04/03
BY: /s/ Xxxxxxxx Xxxxxxxx-Xxxxx
--------------------------------
Xxxxxxxx Xxxxxxxx-Xxxxx
DATE: 12/04/03
BY: /s/ Xxxx Xxxxxxx
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Xxxx Xxxxxxx
DATE: 12/04/03
BY: /s/ Xxx Xxxxxxx
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Xxx Xxxxxxx
DATE: 12/04/03
BY: /s/ Xxxxxx Xxxxxxxx
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Xxxxxx Xxxxxxxx
DATE: 12/04/03
BY: /s/ Vuyo Mkhize
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Vuyo Mkhize
DATE: 12/04/03
BY: /s/ Xxxx Xxxxxx
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Xxxx Xxxxxx
DATE: 12/04/03
BY: /s/ Xxxxxxxxx Xxxxxxxx
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Xxxxxxxxx Xxxxxxxx
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
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Xxxxxx Xxxxxxxx Infrastructure development and operations $3,700 25,000
Thobeka Mafuduka Infrastructure development and operations $7,400 50,000
Mpilo Mdakane Infrastructure development and operations $14,800 100,000
Xxxxxxxx Xxxxxxxx-Xxxxx Infrastructure development and operations $7,400 50,000
Xxxx Xxxxxxx Infrastructure development and operations $7,400 50,000
Xxx Xxxxxxx Infrastructure development and operations $3,700 25,000
Xxxxxx Xxxxxxxx Infrastructure development and operations $4,700 25,000
Vuyo Mkhize Infrastructure development and operations $7,400 50,000
Xxxx Xxxxxx Infrastructure development and operations $11,100 75,000
Xxxxxxxxx Xxxxxxxx Infrastructure development and operations $170,200 1,150,000
