POS CONSULTING AGREEMENT
This Consulting Agreement is made on this 27th day of May, 2004.
BETWEEN
Xxxxxx Xxxxx, a Consultant having his mailing address at 0000 Xxxxxxxxx Xx,
Xxxxxx, XX 00000; Xxxxxxx Xx Pan Hing, a Consultant having his mailing address
at 0 Xxxxx Xx, Xxxxxxxx Xxxx, Xxxxx Xxxx, Xxxxx Xxxxxx; Xxxxx Xxxxx, a
Consultant having his mailing address at 000 Xxxxxxx Xxxxx,00 Xxxxxxx Xxxx,
Xxxxxxx, Xxxx Xxxx; and Xxxxxx Xxxxxxxx, a Consultant having his mailing address
at 00 Xxxxxxx Xx, Xxxxxxx Xxxxxx, 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, business
development services, and engineering services for businesses and professionals
in the IT and financial services sector, specifically the point of sale (POS)
device market; 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 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 Colorado, USA.
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:
Xxxxxx Xxxxx
BY:________________________ DATE:
Xxxxxxx Xx Pan Hing
BY:________________________ DATE:
Xxxxx Xxxxx
BY:________________________ DATE:
Xxxxxx Xxxxxxxx
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
---------- -------- ---- ------
Xxxxxx Xxxxx Business development for POS devices $19,200 150,000
in Mexico and Latin America
Xxxxxxx Xx Pan Hing Biz development for MPOS Kenya $12,800 100,000
Xxxxx Xxxxx Technology development for POS devices $12,800 100,000
Xxxxxx Xxxxxxxx Medical application for TagNet $65,920 515,000
