Consulting Agreement
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This Consulting Agreement is made on this 20th day of January 2004.
BETWEEN
Xxxxxx Xxxxxxxx, a Consultant having his mailing address at C/O Maximum
Dynamics, Inc., Xxxx 0, Xxxxxxx Xxxx, Xxxxxxxxx, 0000, Xxxxx Xxxxxx; Xxxxxx X.
Xxxxxxxxx, a Consultant having his address at Xxxxxxx Xxxxx, #00, Xxx Xxxxx,
Xxxxxx Xxxx, Xxxxxx; J. Xxxxxxx Xxxxxxxx, a Consultant having his address at XX
Xxxxx, Xxxx 00, Xxxxx 000, XXX Xxxxxxxxxxx, Xxxxxx Xxxx, Xxxxxx; Hiper Systems,
an engineering firm having its address at XX Xxxxx, Xxxx 00, Xxxxx 000, XXX
Xxxxxxxxxxx, Xxxxxx Xxxx, Xxxxxx; Xxxxx Xxxxxx, a Consultant having his address
at C/O Maximum Dynamics, Inc., 0 X. Xxxxxxx Xxx, Xxx 0000, Xxxxxxxx Xxxxxxx, XX
00000; Xxxxxxx Xxxxxx, a Consultant having his address at C/O Maximum Dynamics,
Inc., Xxxx 0, Xxxxxxx Xxxx, Xxxxxxxxx, 0000, Xxxxx Xxxxxx; and Xxxxxxx
Westhuizen, a Consultant having his address at C/O Maximum Dynamics, Inc. Xxxx
0, Xxxxxxx Xxxx, Xxxxxxxxx, 0000, 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 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 January 20, 2004 and will be effective until January
4, 2005, 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 $0.18 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 January 20, 2005, 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/ Xxxxxx Xxxxxxxx BY: /s/ Xxxxxx Xxxxxxx
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Xxxxxx Xxxxxxxx Xxxxxx Xxxxxxx
DATE: DATE:
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BY: /s/ Xxxxxx X. Xxxxxxxxx
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Xxxxxx X. Xxxxxxxxx
DATE:
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BY: /s/ J. Xxxxxxx Xxxxxxxx
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J. Xxxxxxx Xxxxxxxx
DATE:
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BY: /s/ J. Xxxxxxx Xxxxxxxx
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J. Xxxxxxx Xxxxxxxx, Director of Hiper Systems
DATE:
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BY: /s/ Xxxxx Xxxxxx
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Xxxxx Xxxxxx
DATE:
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BY: /s/ Xxxxxxx Xxxxxx
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Xxxxxxx Xxxxxx
DATE:
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BY: /s/ Xxxxxxx Westhuizen
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Xxxxxxx Westhuizen
DATE:
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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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Xxxxxx Xxxxxxxx MPOS programming and certification $14,400 100,000
Xxxxxx X. Xxxxxxxxx MPOS programming and certification $14,400 100,000
J. Xxxxxxx Xxxxxxxx MPOS programming and certification $14,400 100,000
Hiper Systems MPOS programming and certification $14,400 100,000*
Xxxxx Xxxxxx Software engineering and VOIP appls. $14,400 100,000
Xxxxxxx Xxxxxx Wireless engineering, R&D, & procurement $14,400 100,000
Xxxxxxx Westhuizen Wireless site studies and implementation $14,400 100,000
* Shares shall be restricted shares.
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