SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER THE SECURITIES ACT OF 1933
MAXIMUM DYNAMICS, INC.
(Exact Name of Registrant as Specified in Its Charter)
Colorado
(State or Other Jurisdiction of Incorporation or Organization)
84-1556886
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(I.R.S. Employer Identification No.)
2 North Cascade Avenue, Suite 1100, Colorado Springs, Colorado 80903
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(Address of Principal Executive Offices) (Zip Code)
MPOS Services Agreement with Ernesto Angel, Jesus Romero, Victor Angel, Ruben
Garduno, Raymond Ng Pan Hing, Derek Smith, Cassim Motala, and Lawrence
Mavundula; Engineering Services Agreement with Johannes Clausen, Motsamai Nduna,
and T'Christopher Gardner; Engineering Services Agreement with Edmund Pieterse,
Israel I. Hernandez, J. Eduardo Martinez, Brian Wallis and Quinton Westhuizen;
Unilogic services agreement with Franco Maccioni, Thobeka Mafuduka, Mpilo
Mdakane, Terhorst-Davis, Troy Lynette, Rob Packham, Sooren Ramdenee, Vuyo
Mkhize, Deon Katzen, Constance Locke; Sales Agent agreement with Dingindawo
Paulus Shongwe, Mpumelelo Tshume, Sindiswa Mzamo, Andile Mbeki, Oliver Chifadza,
Renier Richter, Shilela Malatjie, Philip Meyer, Andrew Shaun Bremer, Siza
Mhlanga, Pam Grant, Marcus Otsile Mogakwe, D. Walter Mpanza, and Saneid Thwala;
Sales agent agreement with Henry Jarrett, Luis Guiterrez, Michael Bennett, Cheng
Chun Man, Zhu Ning, Jodi Richfield, Vernon Philander, Liesl Clarke, and Reunert
Kharibe; Financial services agreement with Mike Hughes, Hannes Englebrecht, Anne
Tunmer, and Mpho Mtimkulo; Resolution for payment of wages and services to
Motsamai Nduna, Thobeka Mafuduka, Mpilo Mdakane, T'Christopher Gardener, Andrew
Bremer, Liesl Clarke, Patricia Terhorst-Davis, Ernesto Angel, Victor Angel,
Jesus Romero, Justin Kulik, Derek Anthony Smith, Mpumelelo Tshume, Sindiswa
Mzamo, Sooren Ramdenee, Constance Locke, Mike Hughes, Hannes Englebrecht, Anne
Tunmer, Mpho Mtimkulo, Tom Wise, Jodi Richfield, Luis Gutierrez, Michael
Bennett, Henry Jarrett, Brian Wallis, Quinton Westhuizen, Stanley Boewer, Edmund
Pieterse, Vernon Philander, Renert Kharibe, Israel I. Hernandez, J. Eduardo
Martinez, Cheng Chun Man, and Zhu Ning.
(Full Title of Plans)
Eric Majors
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2 North Cascade Avenue, Suite 1100, Colorado Springs, Colorado 80903
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(Name and Address of Agent for Service)
(719) 381-1728
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(Telephone Number, including Area Code, of Agent for Service)
CALCULATION OF REGISTRATION FEE
========================== ========================= ========================= ===================== ===================
Title of securities Amount Proposed maximum Proposed maximum Amount of
to be registered to be offering price aggregate registration fee
registered(1) per share(2) offering price
- -------------------------- ------------------------- ------------------------- --------------------- -------------------
Common Stock,
no par value 6,895,000 shares $0.23 $1,585,850.00 $200.93
========================== ========================= ========================= ===================== ===================
(1) Consists of shares issued pursuant to Agreements to the following: MPOS
Services Agreement with Ernesto Angel, Jesus Romero, Victor Angel, Ruben
Garduno, Raymond Ng Pan Hing, Derek Smith, Cassim Motala, and Lawrence
Mavundula; Engineering Services Agreement with Johannes Clausen, Motsamai Nduna,
and T'Christopher Gardner; Engineering Services Agreement with Edmund Pieterse,
Israel I. Hernandez, J. Eduardo Martinez, Brian Wallis and Quinton Westhuizen;
Unilogic services agreement with Franco Maccioni, Thobeka Mafuduka, Mpilo
Mdakane, Terhorst-Davis, Troy Lynette, Rob Packham, Sooren Ramdenee, Vuyo
Mkhize, Deon Katzen, Constance Locke; Sales Agent agreement with Dingindawo
Paulus Shongwe, Mpumelelo Tshume, Sindiswa Mzamo, Andile Mbeki, Oliver Chifadza,
Renier Richter, Shilela Malatjie, Philip Meyer, Andrew Shaun Bremer, Siza
Mhlanga, Pam Grant, Marcus Otsile Mogakwe, D. Walter Mpanza, and Saneid Thwala;
Sales agent agreement with Henry Jarrett, Luis Guiterrez, Michael Bennett, Cheng
Chun Man, Zhu Ning, Jodi Richfield, Vernon Philander, Liesl Clarke, and Reunert
1
Kharibe; Financial services agreement with Mike Hughes, Hannes Englebrecht, Anne
Tunmer, and Mpho Mtimkulo; Resolution for payment of wages and services to
Motsamai Nduna, Johannes Clausen, Thobeka Mafuduka, Mpilo Mdakane, T'Christopher
Gardener, Andrew Bremer, Liesl Clarke, Patricia Terhorst-Davis, Ernesto Angel,
Victor Angel, Jesus Romero, Justin Kulik, Derek Anthony Smith, Mpumelelo Tshume,
Sindiswa Mzamo, Sooren Ramdenee, Constance Locke, Mike Hughes, Hannes
Englebrecht, Anne Tunmer, Mpho Mtimkulo, Tom Wise, Jodi Richfield, Luis
Gutierrez, Michael Bennett, Henry Jarrett, Brian Wallis, Quinton Westhuizen,
Stanley Boewer, Edmund Pieterse, Vernon Philander, Renert Kharibe, Israel I.
Hernandez, J. Eduardo Martinez, Cheng Chun Man, and Zhu Ning.
(2) Estimated solely for the purpose of estimating the registration fee pursuant
to Rule 457(c) promulgated pursuant to the Securities Act of 1933, on the basis
of the average of the bid and ask price of the Registrant's Common Stock as
reported on the Over The Counter Bulletin Board on February 26, 2004.
2
PART I
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
ITEM 1. PLAN INFORMATION.
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The Registrant is offering the following shares of its common stock to the
following individuals for their services performed on the Registrant's behalf.
The issuance of these shares are being made pursuant to certain administrative
services, advisory board services, business development services, consulting
services, engineering services, financial consulting services, MPOS services,
MPOS/TagNet engineering, sales & financial consulting services; outsourced
administrative services and wage/employment agreements (the "Agreements")
adopted by the Board of Directors on January 20, 2004. The Board has equated the
number of these shares to the value of the services provided by these
individuals. The shares issued hereunder will not be subject to any resale
restrictions. The Agreements are not qualified under ERISA. The following
individuals will receive the number of shares listed next to their names in
exchange for the specific services listed:
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Recipient Amount Type of Services
- -------------------------------- -------------- ------------------------------------------------------
Patricia Terhorst-Davis 10,000 Administrative services
- -------------------------------- -------------- ------------------------------------------------------
Thobeka Mafuduka 20,000 Infrastructure development and
operations------------------------------------- ------------------------------------------------------
Motsamai Nduna 50,000 Sales & development of Technology Solutions
- -------------------------------- -------------- ------------------------------------------------------
Johannes Clausen 50,000 Wages
- -------------------------------- -------------- ------------------------------------------------------
Mpilo Mdakane 20,000 Wages
- -------------------------------- -------------- ------------------------------------------------------
Tchris Gardner 25,000 Sales & development of Technology Solutions
- -------------------------------- -------------- ------------------------------------------------------
Andrew Bremer 50,000 Account management and sales
- -------------------------------- -------------- ------------------------------------------------------
Ernesto Angel 1,500,000 MPOS/TagNet product launch in S. Amer
- -------------------------------- -------------- ------------------------------------------------------
Victor Angel 100,000 MPOS/TagNet product launch in Lat. Amer.
- -------------------------------- -------------- ------------------------------------------------------
Jesus Romero 400,000 MPOS/TagNet product launch in S. Amer.
- -------------------------------- -------------- ------------------------------------------------------
Justin Kulik 100,000 Financial consulting services
- -------------------------------- -------------- ------------------------------------------------------
Derek Anthony Smith 300,000 MPOS/TagNet business development in China s
- -------------------------------- -------------- ------------------------------------------------------
Mpumelelo Tshume 200,000 Business networking/introductions
- ----------------------------------------------- ------------------------------------------------------
Sindiswa Mzamo 100,000 Business networking/introductions
- -------------------------------- -------------- ------------------------------------------------------
Sooren Ramdenee 100,000 MPOS Business development in Kenya
- -------------------------------- -------------- ------------------------------------------------------
Constance B Locke 1,500,000 Infrastructure development and operations
- -------------------------------- -------------- ------------------------------------------------------
Mike Hughes 100,000 Village banking initiative
- -------------------------------- -------------- ------------------------------------------------------
Hannes Englebrecht 100,000 Village banking initiative
- -------------------------------- -------------- ------------------------------------------------------
Anne Tunmer 50,000 Village banking initiative
- -------------------------------- -------------- ------------------------------------------------------
Mpho Mtimkulo 50,000 Village banking initiative
- -------------------------------- -------------- ------------------------------------------------------
Tom Wise 200,000 Business development
- -------------------------------- -------------- ------------------------------------------------------
Jodi Richfield 100,000 Volunteer and intern program manag.
- -------------------------------- -------------- ------------------------------------------------------
Luis Gutierrez 100,000 Project management and admin services
- -------------------------------- -------------- ------------------------------------------------------
Michael Bennett 100,000 Project management and admin services
- -------------------------------- -------------- ------------------------------------------------------
Henry Jarrett 100,000 Project management and admin services
- -------------------------------- -------------- ------------------------------------------------------
Brian Wallis 100,000 Software engineering and VIOP appls.
- -------------------------------- -------------- ------------------------------------------------------
Quinton Westhuizen 100,000 Wireless site studies and implentation
- -------------------------------- -------------- ------------------------------------------------------
Stanley Bouwer 100,000 Wireless engineering, R&D, & procurement
- -------------------------------- -------------- ------------------------------------------------------
Edmund Pieterse 100,000 MPOS programming and certification
- -------------------------------- -------------- ------------------------------------------------------
Vernon Philander 100,000 Security and logistics services
- ------------------------------------------------------------------------------------------------------
Liesl Clark 20,000 Bookkeeping and admin services
- -------------------------------- -------------- ------------------------------------------------------
Reunert Kharibe 50,000 Business development TagNet/MPOS
- -------------------------------- -------------- ------------------------------------------------------
Israel I. Hernandez . 100,000 MPOS programming and certification
- -------------------------------- -------------- ------------------------------------------------------
J. Eduardo Martinez 100,000 MPOS programming and certification
- -------------------------------- -------------- ------------------------------------------------------
Cheng Chun Man 300,000 Business development
- -------------------------------- -------------- ------------------------------------------------------
Zhu Ning 300,000 Business development
- -------------------------------- -------------- ------------------------------------------------------
Total 6,895,000
- -------------------------------- -------------- ------------------------------------------------------
3
The administrative services, advisory board services, business development
services, consulting services, engineering services, financial consulting
services, MPOS services, MPOS/TagNet engineering, sales & financial consulting
services; outsourced administrative services and wages for which these shares
are being issued are not in connection with any offer or sale of securities in a
capital raising transaction and does not directly or indirectly promote or
maintain a market for the securities of the Registrant.
ITEM 2. REGISTRANT INFORMATION AND EMPLOYEE PLAN INFORMATION.
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The participants shall be provided a written statement notifying them that upon
written or oral request they will be provided, without charge, (i) the documents
incorporated by reference in Item 3 of Part II of this registration statement,
and (ii) other documents required to be delivered pursuant to Rule 428(b). The
statement will inform the participants that these documents are incorporated by
reference in the Section 10(a) prospectus, and shall include the address (giving
title or department) and telephone number to which the request is to be
directed.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
ITEM 3. INCORPORATION OF DOCUMENTS BY REFERENCE.
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We incorporate the following documents by reference in this Registration
Statement:
(a) Our latest Quarterly Report on Form 10-QSB for the period ended
September 30, 2003, filed with the Securities and Exchange Commission on
November 21, 2003;
(b) Our Registration Statement on Form SB-2, file number 333-83348,
filed on February 25, 2002 pursuant to Section 12 of the Exchange Act, and
subsequent amendments, in which there is described the terms, rights and
provisions applicable to our outstanding common stock; and
(c) All other documents filed by the company after the date of this
Registration Statement pursuant to Sections 13(a), 13(c), 14 and 15(d) of the
Exchange Act, prior to the filing of a post-effective amendment to this
Registration Statement which de-registers all securities then remaining unsold,
shall be deemed to be incorporated by reference in this Registration Statement
and to be a part hereof from the date of filing such documents.
ITEM 4. DESCRIPTION OF SECURITIES.
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Not applicable.
ITEM 5. INTERESTS OF NAMED EXPERTS AND COUNSEL.
- -----------------------------------------------
Not applicable.
ITEM 6. INDEMNIFICATION OF DIRECTORS AND OFFICERS.
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Our Bylaws and the Colorado Business Corporation Act provide for indemnification
of directors and officers against certain liabilities. Pursuant to our Bylaws,
our officers and directors are indemnified, to the fullest extent available
under Colorado law, against expenses actually and reasonably incurred in
connection with threatened, pending or completed proceedings, whether civil,
criminal or administrative, to which an officer or director is, was or is
threatened to be made a party by reason of the fact that he or she is or was one
of our officers, directors, employees or agents. We may advance expenses in
connection with defending any such proceeding, provided the indemnitee
undertakes to repay any such amounts if it is later determined that he or she
was not entitled to be indemnified by us.
4
Insofar as indemnification for liabilities arising under the Securities Act of
1933 may be permitted to our directors, officers and controlling persons
pursuant to the foregoing provisions, or otherwise, we have been advised that in
the opinion of the Securities and Exchange Commission such indemnification is
against public policy as expressed in the Act, and is, therefore, unenforceable.
ITEM 7. EXEMPTION FROM REGISTRATION CLAIMED.
- --------------------------------------------
Not applicable.
ITEM 8. EXHIBITS.
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3.1 Articles of Incorporation*
3.2 Bylaws*
3.3 Articles of Amendment to Articles of Incorporation*
4.1 MPOS Services Agreement
4.2 Engineering Services Agreement
4.3 Engineering Services Agreement
4.4 Unilogic Services Agreement
4.5 Sales Agent Agreement
4.6 Sales Agent Agreement
4.7 Financial Services Agreement
4.8 Board Resolution to issue shares in lieu of wages
5 Opinion of MC Law Group
23.1 Consent of MC Law Group**
23.2 Consent of Cordovano & Honeck, P.C.
* Previously filed as exhibits to Registration Statement on Form SB-2 filed on
February 25, 2002. **Contained in its opinion filed as Exhibit 5 to this
Registration Statement.
ITEM 9. UNDERTAKINGS.
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The undersigned registrant hereby undertakes:
(1) To file, during any period in which offers or sales are being made, a post-
effective amendment to this registration statement:
(i) to include any prospectus required by Section 10(a)(3) of the
Securities Act;
(ii) to specify in the prospectus any facts or events occurring after
the effective date of this Registration Statement (or the most recent
post-effective amendment thereof) which, individually or in the aggregate,
represent a fundamental change in the information specified in this Registration
Statement. Notwithstanding the foregoing, any increase or decrease in volume of
securities offered (if the total dollar value of the securities offered would
not exceed that which was registered) and any deviation from the low or high end
of the estimated maximum offering range may be specified in the form of
prospectus filed with the Securities and Exchange Commission pursuant to Rule
424(b) (Section 230.424(b) of this chapter) if, in the aggregate, the changes in
volume and price represent no more than a 20% change in the maximum aggregate
offering price set forth in the "Calculation of Registration Fee" table in the
effective registration statement; provided, however, that paragraphs (1)(i) and
(1)(ii) shall not apply if the information required to be included in a
post-effective amendment by those clauses is specified in periodic reports filed
by the Company pursuant to the provisions of Section 13 or Section 15(d) of the
Exchange Act that are incorporated by reference in this Registration Statement;
(iii) to include any material information with respect to the plan of
distribution not previously disclosed in this Registration Statement or any
material change to such information in this Registration Statement.
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(2) That, for the purpose of determining any liability pursuant to the
Securities Act, each such post-effective amendment shall be deemed to be a new
registration statement relating to the securities offered therein, and the
offering of such securities offered at that time shall be deemed to be the
initial bona fide offering thereof.
(3) To remove from registration by means of a post-effective amendment any of
the securities being registered which remain unsold at the termination of the
offering.
The company hereby undertakes that, for purposes of determining any liability
pursuant to the Securities Act, each filing of the company's annual report
pursuant to Section 13(a) or 15(d) of the Exchange Act (and, where applicable,
each filing of an employee benefit plan's annual report pursuant to Section
15(d) of the Exchange Act) that is incorporated by reference in the registration
statement shall be deemed to be a new registration statement relating to the
securities offered therein, and the offering of such securities at that time
shall be deemed to be the initial bona fide offering thereof.
Insofar as indemnification for liabilities arising pursuant to the Securities
Act may be permitted to directors, officers and controlling persons of the
company pursuant to the foregoing provisions, or otherwise, the company has been
informed that in the opinion of the Securities and Exchange Commission such
indemnification is against public policy as expressed in the Securities Act and
is, therefore, unenforceable. In the event that a claim for indemnification
against such liabilities (other than the payment by the company in the
successful defense of any action, suit or proceeding) is asserted by such
director, officer or controlling person in connection with the securities being
registered, the company will, unless in the opinion of its counsel that matter
has been settled by controlling precedent, submit to a court of appropriate
jurisdiction the question whether such indemnification by the company is against
public policy as expressed in the Securities Act and will be governed by the
final adjudication of such issue.
6
POWER OF ATTORNEY
The company, as the registrant hereunder, and each person whose signature
appears below, hereby appoints Eric Majors as attorney-in-fact, with full power
of substitution, to execute, in the name and on behalf of the company and on
behalf of each person, individually and in each capacity stated below, one or
more post-effective amendments to this Registration Statement as the
attorney-in-fact, and to file any such post-effective amendments to this
Registration Statement with the Securities and Exchange Commission.
SIGNATURES
Pursuant to the requirements of the Securities Act, the company certifies it has
reasonable grounds to believe that the company satisfies all of the requirements
for filing on Form S-8 and has duly caused this Registration Statement to be
signed on its behalf by the undersigned, thereunto duly authorized, in the City
of Colorado Springs, Colorado, on this 27th day of February 2004.
MAXIMUM DYNAMICS, INC.,
a Colorado corporation
/s/ Eric Majors
- --------------------------------------
Eric Majors
President, Chief Executive Officer and
Director
Pursuant to the requirements of the Securities Act of 1933, this Registration
Statement has been signed by the following persons in the capacities indicated
on February 27, 2004, who are the directors of the Registrant's board of
directors and who shall administer and enforce the Agreements with the above
named individuals.
/s/ Eric Majors
- --------------------------------------
Eric Majors
President, Chief Executive Officer and
Director
/s/ Joshua Wolcott
- --------------------------------------
Joshua Wolcott
Chief Financial Officer and
Director
/s/ Paul Stabnow
- --------------------------------------
Paul Stabnow
Chief Technical Officer and
Director