SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
UNDER THE SECURITIES ACT OF 1933
MAXIMUM DYNAMICS, INC.
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(Exact Name of Registrant as Specified in Its Charter)
Colorado
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(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)
Consulting Agreement Andrew Shaun Bremer, Bronwin Murray, Carla Sharpe, Cindy
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Ashley, Craig John Ogilvy, Eric Richfield Majors, Ernesto Angel, Francesco
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Maccioni, Gareth Saul, Giovanni Carlo Fantozzi, Gregory Allum, Henry Van Burean
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Jarrett JR, Jaime Luis Perez Marquez, Johannes Clausen, Johannes Mathys van
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Loggerenberg, Joshua Neale Wolcott, Keenan Lewis, Lee Jason Glanville, Liesl
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Clarke, Marisa Steyn, Martha Phumela Johnson, Michael Rhea Bennett, Mzukisi
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Peacemaker Mnqayi, Nadeem Adonis, Nomonde Felicia Zondani, Paul Stabnow, Peter
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Presto Fakude, Peter Saul, Petrus Stephanus Mans de Beer, Raoul Moses, Shurley
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Mazako, T'Christopher Gardner, Troy Lynette, Vernon Reginal Philander, Veronique
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Isaacs, and Victor Angel.
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(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)
Unit 1, College House, Village Square, Parklands, South Africa 7441
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(Address of Global Operations Center) (Zip Code)
(719) 381-1728 in the U.S.A and 011.27.21.556.1155 in South Africa
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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 12,559,908 $0.0395 $496,116.37 $58.39
========================== ========================= ========================= ===================== ===================
(1) Consists of shares issued pursuant to the Consulting Agreement with the
individuals named above.
(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
January 25, 2005.
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 the Consultant Agreement
(the "Agreement") dated January 24, 2005 and adopted by the Board of Directors
on January 21, 2005 with regard to Andrew Shaun Bremer for services as IT
Manager and for systems development services; Bronwin Murray for services as a
Call Centre Operator; Carla Sharpe for services as an Accounting and Reporting
Compliance Director; Cindy Ashley for services as an executive assistant in the
operations management information department; Craig John Ogilvy for services in
Accounting and Finance; Eric Richfield Majors for services as Chief Executive
Officer; Ernesto Angel for Business Development services for the POS project in
Mexico and Latin America; Francesco Maccioni for services in Infrastructure
Development and Operations; Gareth Saul for services in TagNet Programming and
Design; Giovanni Carlo Fantozzi for services as a VP of TagNet, Africa Region;
Gregory Allum for services as a Call Centre Operator; Henry Van Burean Jarrett
JR for services as a Project Manager for Community Development; Jaime Luis Perez
Marquez for Business Development services in South America; Johannes Clausen for
services as a Managing Director, TagNet; Johannes Mathys van Loggerenberg for
services as a Project Manager of Mobile Commerce; Joshua Neale Wolcott for
Global Operations services; Keenan Lewis for services as a Fleet Vehicle Driver;
Lee Jason Glanville for services in our Technology Department; Liesl Clarke for
Bookkeeping and Administrative Services; Marisa Steyn for services as a Group
Technology: Graphic Designer; Martha Phumela Johnson for services as a Call
Centre Operator; Michael Rhea Bennett for services as a Project Manager:
Internet solutions; Mzukisi Peacemaker Mnqayi for services as a Call Centre
Operator; Nadeem Adonis for services as a Fleet Vehicle Driver; Nomonde Felicia
Zondani for providing cleaning services; Paul Stabnow for services as a Chief
Technical Officer; Peter Presto Fakude for Business Development services for
TagNet, Africa Region; Peter Saul for services as a TagNet Programming and
Design; Petrus Stephanus Mans de Beer for services as a Project Manager:
Education; Raoul Moses for services as a Software Technology Engineer; Shurley
Mazako for services as a Receptionist; T'Christopher Gardner for services as a
Office Manager, Colorado Springs; Troy Lynette for services as an Office
Manager: Denver Operations; Vernon Reginal Philander for Security and Logistic
Services; Veronique Isaacs for services as an Executive assistant in HR
management; and Victor Angel for Business Development services for the POS
project in Mexico and Latin America.
The Board has equated the number of these shares to the value of the services
provided by these individuals as indicated in the table below. 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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FULL NAME SERVICES SHARES
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Andrew Shaun Bremer IT Manager and systems development 330,459
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Bronwin Murray Call Centre Operator 99,164
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Carla Sharpe Accounting & Reporting Compliance Director 206,255
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Cindy Ashley Executive assistant in Ops management info 800,000
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Craig John Ogilvy Accounting & Financial Services 50,000
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Eric Richfield Majors CEO 900,000
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Ernesto Angel Bus Dev for POS in Mexico & Latin America 200,000
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Francesco Maccioni Infrastructure Development & Operations 900,000
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Gareth Saul TagNet Programming and Design 150,000
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Giovanni Carlo Fantozzi VP of TagNet, Africa Region 771,273
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Gregory Allum Call Centre Operator 175,200
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Henry Van Burean Jarrett JR Project Manager: Community development 300,000
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Jaime Luis Perez Marquez Business Development in South America 300,000
- ------------------------------------------ ----------------------------------------------------------------- -------------------
Johannes Clausen Managing Director, TagNet 900,000
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Johannes Mathys van Loggerenberg Project Manager: Mobile commerce 771,273
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Joshua Neale Wolcott MXDY Global Operations 900,000
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Keenan Lewis Fleet Vehicle Driver 62,618
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Lee Jason Glanville Technology Department 374,618
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Liesl Clarke Book keeping & Admin Services 31,028
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Marisa Steyn Group Technology: Graphic Designer 220,364
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Martha Phumela Johnson Call Centre Operator 94,800
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Michael Rhea Bennett Project Manager: Internet solutions 150,000
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Mzukisi Peacemaker Mnqayi Call Centre Operator 98,073
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Nadeem Adonis Fleet Vehicle Driver 62,618
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Nomonde Felicia Zondani Cleaning services 45,944
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Paul Stabnow Chief Technical Officer 500,000
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Peter Presto Fakude Business Dev. for TagNet, Africa Region 993,465
- ------------------------------------------ ----------------------------------------------------------------- -------------------
Peter Saul TagNet Programming and Design 250,000
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Petrus Stephanus Mans de Beer Project Manager: Education 293,076
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Raoul Moses Software Technology Engineer 84,279
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Shurley Mazako Receptionist 18,916
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T'Christopher Gardner Office Manager, Colorado Springs 150,000
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Troy Lynette Office Manager: Denver Operations 100,000
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Vernon Reginal Philander Security & Logistic Services 256,121
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Veronique Isaacs Executive assistant in HR management info 220,364
- ------------------------------------------ ----------------------------------------------------------------- -------------------
Victor Angel Bus Dev for POS in Mexico & Latin America 800,000
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TOTAL 12,559,908
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The services for which these shares are being issued are not in connection with
any offer or sale of securities in a capital raising transaction and do 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, 2004, filed with the Securities and Exchange Commission on
December 3, 2004 and our latest Annual Report on Form 10-KSB for the year ended
December 31, 2004 filed with the Securities and Exchange Commission on April 19,
2004; and
(b) 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.
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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.
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.
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Not applicable.
ITEM 8. EXHIBITS.
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3.1 Articles of Incorporation*
3.2 Bylaws*
3.2.1 Articles of Amendment to Articles of Incorporation*
4.1 Consulting Agreement with Andrew Shaun Bremer, Bronwin Murray, Carla
Sharpe, Cindy Ashley, Craig John Ogilvy, Eric Richfield Majors, Ernesto
Angel, Francesco Maccioni, Gareth Saul, Giovanni Carlo Fantozzi,
Gregory Allum, Henry Van Burean Jarrett JR, Jaime Luis Perez Marquez,
Johannes Clausen, Johannes Mathys van Loggerenberg, Joshua Neale
Wolcott, Keenan Lewis, Lee Jason Glanville, Liesl Clarke, Marisa Steyn,
Martha Phumela Johnson, Michael Rhea Bennett, Mzukisi Peacemaker
Mnqayi, Nadeem Adonis, Nomonde Felicia Zondani, Paul Stabnow, Peter
Presto Fakude, Peter Saul, Petrus Stephanus Mans de Beer, Raoul Moses,
Shurley Mazako, T'Christopher Gardner, Troy Lynette, Vernon Reginal
Philander, Veronique Isaacs, and Victor Angel.
4.2 Resolution approving consulting agreement
5 Opinion of AGMB LLP
23.1 Consent of AGMB LLP**
23.2 Consent of Cordovano & Honeck, LLP.
* 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.
(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.
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 Cape Town, South Africa, on this 25th day of January 2005.
MAXIMUM DYNAMICS, INC.,
a Colorado corporation
/s/ Eric Majors
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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 January 25, 2005 who are the directors of the Registrant's board of
directors and who shall administer and enforce the Consulting Agreement with the
above named individuals.
/s/ Eric Majors
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Eric Majors
President, Chief Executive Officer
and Director
/s/ Joshua Wolcott
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Joshua Wolcott
Chief Financial Officer and
Director
/s/ Paul Stabnow
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Paul Stabnow
Chief Technical Officer and
Director