BANKING CONSULTING AGREEMENT
This Consulting Agreement is made on this 27th day of May 2004.
BETWEEN
Xxxxxxxxxx Xxxxxx Shongwe, a Consultant having his mailing address at 000 Xxxx
Xx, 00xx Xxxxx, Xxxxxxxxxxxx, Xxxxx Xxxxxx; Xxxx Xxxxxx, a Consultant having her
address at 000 Xxx Xxxxxx, Xxxxxxxx, 0000, Xxxxx Xxxxxx; and Mpho Mtimkulo, a
Consultant having his address at 000 Xxx Xxxxxx, Xxxxxxxx, 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 business development, project management,
infrastructure development and banking project design services (especially in
village banking 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: _________________________
Xxxxxxxxxx Xxxxxx Shongwe
BY:________________________ DATE: _________________________
Xxxx Xxxxxx
BY:________________________ DATE: _________________________
Mpho Mtimkulo
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
---------- -------- ---- ------
Dingindawo P. Shongwe Village banking initiative $6,400 50,000
Xxxx Xxxxxx Village banking initiative $6,400 50,000
Mpho Mtimkulo Village banking initiative $6,400 50,000
