Document:

EXECUTION COPY
                                                                   Exhibit 10(b)

                             SUBSCRIPTION AGREEMENT

      SUBSCRIPTION AGREEMENT ("Subscription Agreement") made as of this 30th day
of April, 2004, between Pacific Technology, Inc., a Delaware corporation with
its principal offices at 26586 Guadiana, Mission Viejo, California 92691 (the
"Company"), and the undersigned (the "Subscriber").

      WHEREAS, the Company desires to issue, in a private placement (the
"Offering") pursuant to Regulation D promulgated under the Securities Act of
1933, as amended (the "Act'), its Units (the "Units") consisting of (i) one (1)
share of the Company's common stock, par value $0.001 per share ("Common
Stock"), and (ii) one (1) three (3) year callable warrant for each five and
three tenths (5.3) Units to purchase one (1) share of the Company's Common Stock
at an exercise price of $2.00 per share (the "Warrants"), on the terms and
conditions hereinafter set forth, and the Subscriber desires to acquire that
number of Units set forth on the signature page hereof.

      NOW, THEREFORE, for and in consideration of the premises and the mutual
covenants hereinafter set forth, the parties hereto do hereby agree as follows:

      1. SUBSCRIPTION FOR UNITS AND REPRESENTATIONS BY AND COVENANTS OF
SUBSCRIBER:

      1.1 Subject to the terms and conditions hereinafter set forth, the
Subscriber hereby subscribes for and agrees to purchase from the Company such
number of Units as is set forth upon the signature page hereof at a price of
$1.60 per Unit. The Company agrees to sell such Units to the Subscriber for said
purchase price. The purchase price is payable by wire transfer of funds directly
by the Subscriber to the Company on the Closing (as defined herein). The
certificates for the securities comprising the Units will be delivered by the
Company no later than fifteen (15) days following the Closing of the Offering as
set forth in Article III hereof.

      1.2 The Subscriber recognizes that the purchase of Units involves a high
degree of risk in that (i) the Company will need additional capital but has no
assurance of additional necessary capital; (ii) an investment in the Company is
highly speculative and only investors who can afford the loss of their entire
investment should consider investing in the Company and the Units; (iii) an
investor may not be able to liquidate his investment; (iv) transferability of
the securities comprising the Units is extremely limited; and (v) an investor
could sustain the loss of his entire investment, as well as other risk factors,
as more fully set forth herein and in the Confidential Private Placement
Memorandum dated April, 2004 and any supplements thereto (the "Offering
Memorandum").

      1.3 The Subscriber represents that he is an "accredited investor" as such
term is defined in Rule 501 of Regulation D promulgated under the Act, as
indicated by his responses to the Investor Questionnaire, the form of which is
attached hereto as EXHIBIT A, and that he is able to bear the economic risk of
an investment in the Units. The Subscriber must complete the Investor
Questionnaire to enable the Company to access the Subscriber's eligibility for
the Offering.

<PAGE>

      1.4 The Subscriber acknowledges that he has prior investment experience,
including investment in non-listed and non-registered securities, or he has
employed the services of an investment advisor, attorney or accountant to read
all of the documents furnished or made available by the Company both to him and
to all other prospective investors in the Units and to evaluate the merits and
risks of such an investment on his behalf, and that he recognizes the highly
speculative nature of this investment.

      1.5 The Subscriber acknowledges receipt and careful review of the Offering
Memorandum and the attachments thereto (the "Offering Documents") and hereby
represents that he has been furnished by the Company during the course of this
transaction with all information regarding the Company which he had requested or
desired to know; that all documents which could be reasonably provided have been
made available for his inspection and review; that he has been afforded the
opportunity to ask questions of and receive answers from duly authorized
officers or other representatives of the Company concerning the terms and
conditions of the Offering, and any additional information which he had
requested.

      1.6 The Subscriber acknowledges that this offering of Units may involve
tax consequences, and that the contents of the Offering Documents do not contain
tax advice or information. The Subscriber acknowledges that he must retain his
own professional advisors to evaluate the tax and other consequences of an
investment in the Units.

      1.7 The Subscriber acknowledges that this offering of Units has not been
reviewed by the United States Securities and Exchange Commission ("SEC") because
of the Company's representations that this is intended to be a nonpublic
offering pursuant to Sections 4(2) or 3(b) of the Act. The Subscriber represents
that the Units are being purchased for his own account, for investment and not
for distribution or resale to others. The Subscriber agrees that he will not
sell or otherwise transfer any of the securities comprising the Units unless
they are registered under the Act or unless an exemption from such registration
is available.

      1.8 The Subscriber understands that the Units have not been registered
under the Act by reason of a claimed exemption under the provisions of the Act
which depends, in part, upon his investment intention. The Subscriber realizes
that, in the view of the SEC, a purchase now with an intent to distribute would
represent a purchase with an intent inconsistent with his representation to the
Company, and the SEC might regard such a distribution as a deferred sale to
which such exemption is not available.

      1.9 The Subscriber understands that Rule 144 (the "Rule") promulgated
under the Act requires, among other conditions, a one year holding period prior
to the resale (in limited amounts) of securities acquired in a non-public
offering, such as the Offering, without having to satisfy the registration
requirements under the Act. The Subscriber understands that the Company makes no
representation or warranty regarding its fulfillment in the future of any
reporting requirements under the Securities Exchange Act of 1934, as amended
(the "Exchange Act"), or its dissemination to the public of any current
financial or other information concerning the Company, as is required by Rule
144 as one of the conditions of its availability. The Subscriber understands and
hereby acknowledges that the Company is under no obligation to register the
securities comprising the Units under the Act, with the exception of certain
registration rights set forth in that certain Registration Rights Agreement of
even date herewith to be entered into by the Company and the Subscriber (the
"Registration Rights Agreement"), the form of which is included with the
subscription documents accompanying the Offering Memorandum. The Subscriber
consents that the Company may, if it desires, permit the transfer of the Common
Stock included in the Units or issuable upon the exercise of the Warrants out of
his name only when his request for transfer is accompanied by an opinion of
counsel reasonably satisfactory to the Company that neither the sale nor the
proposed transfer results in a violation of the Act or any applicable state
"blue sky" laws (collectively, "Securities Laws"). The Subscriber agrees to hold
the Company and its directors, officers and controlling persons and their
respective heirs, representatives, successors and assigns harmless and to
indemnify them against all liabilities, costs and expenses incurred by them as a
result of any misrepresentation made by him contained herein or in the Investor
Questionnaire or any sale or distribution by the undersigned Subscriber in
violation of any Securities Laws.

                                       2
<PAGE>

      1.10 The Subscriber consents to the placement of one or more legends on
any certificate or other document evidencing his Units and the Common Stock
included in the Units or issuable upon the exercise of the Warrants stating that
they have not been registered under the Act and setting forth or referring to
the restrictions on transferability and sale thereof.

      1.11 The Subscriber understands that the Company will review this
Subscription Agreement and the Investor Questionnaire and is hereby given
authority by the undersigned to call his bank or place of employment or
otherwise review the financial standing of the Subscriber; and it is further
agreed that the Company reserves the unrestricted right to reject or limit any
subscription and to close the offer at any time.

      1.12 The Subscriber hereby represents that the address of Subscriber
furnished by him at the end of this Subscription Agreement is the undersigned's
principal residence if he is an individual or its principal business address if
it is a corporation or other entity.

      1.13 The Subscriber acknowledges that if he is a Registered Representative
of a National Association of Securities Dealers, Inc. ("NASD") member firm, he
must give such firm the notice required by the NASD Conduct Rules, or any
applicable successor rules of the NASD, receipt of which must be acknowledged by
such firm on the signature page hereof.

      1.14 The Subscriber hereby represents that, except as set forth in the
Offering Documents, no representations or warranties have been made to the
Subscriber by the Company or any agent, employee or affiliate of the Company and
in entering into this transaction, the Subscriber is not relying on any
information, other than that contained in the Offering Documents and the results
of independent investigation by the Subscriber.

                                       3
<PAGE>

      1.15. The Subscriber agrees that he will purchase securities in the
Offering only if his intent at such time is to make such purchase for investment
purposes and not with a view toward resale.

      1.16 If the undersigned Subscriber is a partnership, corporation, trust or
other entity, such partnership, corporation, trust or other entity further
represents and warrants that: (i) it was not formed for the purpose of investing
in the Company; (ii) it is authorized and otherwise duly qualified to purchase
and hold the Units; and (iii) that this Subscription Agreement has been duly and
validly authorized, executed and delivered and constitutes the legal, binding
and enforceable obligation of the undersigned.

      2. REPRESENTATIONS BY THE COMPANY.

      The Company represents and warrants to the Subscriber that prior to the
consummation of this Offering and at the date of the closing of this offering
(such date, the "Closing Date"):

      2.1 The Company is a corporation duly organized, existing and in good
standing under the laws of the State of Delaware and has the corporate power to
conduct the business which it conducts and proposes to conduct.

      2.2 The execution, delivery and performance of this Subscription Agreement
by the Company will have been duly approved by the Board of Directors of the
Company and all other actions required to authorize and effect the offer and
sale of the Units and the securities contained therein will have been duly taken
and approved.

      2.3 The shares of Common Stock have been duly and validly authorized and
when issued paid for in accordance with the terms hereof and the terms and
conditions of the Warrants, as applicable, and delivered to the Subscriber, will
be validly issued and outstanding fully paid and non-assessable.

      2.4 The Company is not in violation of or default under, nor will the
execution and delivery of this Subscription Agreement, the issuance of the
Units, and the incurrence of the obligations herein set forth and the
consummation of the transactions herein contemplated, result in a violation of,
or constitute a default under, the certificate of incorporation or by-laws, in
the performance or observance of any material obligations, agreement, covenant
or condition contained in any bond, debenture, note or other evidence of
indebtedness or in any material contract, indenture, mortgage, loan agreement,
lease, joint venture or other agreement or instrument to which the Company is a
party or by which it or any of its properties may be bound.

      3. TERMS OF SUBSCRIPTION.

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<PAGE>

      3.1 The subscription period will begin as of April 30, 2004 and will
terminate (if the Closing Date has not earlier occurred) at 11:59 PM Eastern
time on October 31, 2004, unless extended by the Placement Agent (as defined
below) for up to an additional 30 days (the "Termination Date"). The Units will
be offered on a "best efforts" basis as more particularly set forth in the
Offering Memorandum.

      3.2 Placement of Units will be made by Brean Murray (the "Placement
Agent"), which will receive certain compensation therefor as provided in that
certain Engagement Letter, dated March 10 2004, between the Placement Agent and
the Company.

      3.3 All subscription proceeds shall initially be placed into an escrow
account created for this purpose pursuant to an arrangement made by the
Placement Agent, with the Company's approval, and shall then be paid over to the
Company at the closing (the "Closing") of the purchase of the Units in the
Offering to occur on the Closing Date.

      3.4 The Subscriber hereby authorizes and directs the Company to deliver
the securities to be issued to such Subscriber pursuant to this Subscription
Agreement to the residential or business address indicated in the Investor
Questionnaire.

      3.5 The Subscriber acknowledges that at such time, if ever, as any of the
shares of Common Stock included in the Units or issuable upon the exercise of
the Warrants included therein (collectively, the "Securities") are registered,
sales of such Securities will be subject to state securities laws, including
those of states which may require any securities sold therein to be sold through
a registered broker-dealer or in reliance upon an exemption from registration.

      3.6 If the Subscriber is not a United States person, such Subscriber
hereby represents that it has satisfied itself as to the full observance of the
laws of its jurisdiction in connection with any invitation to subscribe for the
Units or any use of this Subscription Agreement, including (i) the legal
requirements within its jurisdiction for the purchase of the Units, (ii) any
foreign exchange restrictions applicable to such purchase, (iii) any
governmental or other consents that may need to be obtained, and (iv) the income
tax and other tax consequences, if any, that may be relevant to the purchase,
holding, redemption, sale or transfer of the Units. Such Subscriber's
subscription and payment for, and his or her continued beneficial ownership of
the Units and of the shares of Common Stock included therein or issuable upon
the exercise of the Warrants, will not violate any applicable securities or
other laws of the Subscriber's jurisdiction.

      4. MISCELLANEOUS.

      4.1 Any notice or other communication given hereunder shall be deemed
sufficient if in writing and sent by registered or certified mail, return
receipt requested, addressed to the Company, at its registered office, 26586
Guadiana, Mission Viejo, California 92691, Attention: President, and to the
Subscriber at his address indicated on the signature page of this Subscription
Agreement. Notices shall be deemed to have been given on the date of mailing,
except notices of change of address, which shall be deemed to have been given
when received.

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<PAGE>

      4.2 Unless at least holders of 50% of the Units have given their approval,
which approval shall be binding on all holders of Units, this Subscription
Agreement shall not be changed, modified or amended and may not be discharged
except by performance in accordance with its terms.

      4.3 This Subscription Agreement shall be binding upon and inure to the
benefit of the parties hereto and to their respective heirs, legal
representatives, successors and assigns. This Subscription Agreement sets forth
the entire agreement and understanding between the parties as to the subject
matter hereof and merges and supersedes all prior discussions, agreements and
understandings of any and every nature among them.

      4.4 Notwithstanding the place where this Subscription Agreement may be
executed by any of the parties hereto, the parties expressly agree that all the
terms and provisions hereof shall be construed in accordance with and governed
by the laws of the State of New York. The parties hereby agree that any dispute
which may arise between them arising out of or in connection with this
Subscription Agreement shall be adjudicated before a court located in New York
City and they hereby submit to the exclusive jurisdiction of the courts of the
State of New York located in New York, New York and of the federal courts in the
Southern District of New York with respect to any action or legal proceeding
commenced by any party, and irrevocably waive any objection they now or
hereafter may have respecting the venue of any such action or proceeding brought
in such a court or respecting the fact that such court is an inconvenient forum,
relating to or arising out of this Subscription Agreement or any acts or
omissions relating to the sale of the securities hereunder, and consent to the
service of process in any such action or legal proceeding by means of registered
or certified mail, return receipt requested, in care of the address set forth
below or such other address as the undersigned shall furnish in writing to the
other.

      4.5 This Subscription Agreement may be executed in counterparts. Upon the
execution and delivery of this Subscription Agreement by the Subscriber, this
Subscription Agreement shall become a binding obligation of the Subscriber with
respect to the purchase of Units as herein provided; subject, however, to the
right hereby reserved to the Company to enter into the same agreements with
other subscribers and to add and/or to delete other persons as subscribers.

      4.6 The holding of any provision of this Subscription Agreement to be
invalid or unenforceable by a court of competent jurisdiction shall not affect
any other provision of this Subscription Agreement, which shall remain in full
force and effect.

      4.7 It is agreed that a waiver by either party of a breach of any
provision of this Subscription Agreement shall not operate, or be construed, as
a waiver of any subsequent breach by that same party.

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<PAGE>

      4.8 The parties agree to execute and deliver all such further documents,
agreements and instruments and take such other and further action as may be
necessary or appropriate to carry out the purposes and intent of this
Subscription Agreement.

      4.9 The Company agrees not to disclose the names, addresses or any other
information about the Subscribers, except as required by law, provided that the
Company may provide information relating to the Subscriber as required in any
registration statement under the Act that may be filed by the Company pursuant
to the Registration Rights Agreement.

                            [SIGNATURE PAGE FOLLOWS]

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<PAGE>

              IN WITNESS WHEREOF, the parties have executed this Subscription
Agreement as of the day and year first written above.

------------------------------              ------------------------------------
Signature of Subscriber                     Signature of Co-Subscriber

------------------------------              ------------------------------------
Name of Subscriber                          Name of Co-Subscriber
  [please print]

------------------------------              ------------------------------------
Address of Subscriber                       Address of Co-Subscriber

------------------------------              ------------------------------------
Social Security or Taxpayer                 Social Security or Taxpayer
Identification Number of Subscriber         Identification
                                            Number of Co-Subscriber

------------------------------
Number of Units Subscribed For

*IF SUBSCRIBER IS A REGISTERED REPRESENTATIVE

WITH AN NASD MEMBER FIRM, HAVE THE FOLLOWING
ACKNOWLEDGEMENT SIGNED BY THE APPROPRIATE PARTY:

The undersigned NASD member firm
acknowledges receipt of the notice
required by Rule 3050 of the NASD           Subscription Accepted:
Conduct Rules.

                                            PACIFIC TECHNOLOGY, INC.

------------------------------
Name of NASD Member Firm                    By:
                                               ---------------------------------

By                                          Date:
  ----------------------------                   -------------------------------
   Authorized Officer

                                       8
<PAGE>

                                    Exhibit A

                             Investor Questionnaire

                                       9--------------------------------------------------------------------------------
                        EXCLUSIVE DISTRIBUTION AGREEMENT
--------------------------------------------------------------------------------

This Exclusive Distribution Agreement ("Agreement"), effective as of the 17th
day of October, 2003 (the "Effective Date"), is entered into by and between
M.POS Limited, having offices at 706 Central Plaza, 18 Harbour Road, Wanchai,
Hong Kong ("MPOS"), and Maximum Dynamics, Inc., having offices at 2 N. Cascade
Ave., Suite 1100, Colorado Springs, Colorado 80903, U.S.A. ("Distributor").

                                   BACKGROUND

         MPOS is in the business of developing, selling and licensing Electronic
Funds Transfer at Point of Sale (EFTPOS) terminals and related wireless
communications software (hereafter referred to as "Products"). Distributor
desires to market and distribute such Products in Africa and first rights of
refusal for the same distribution rights in the United States and Mexico, and
MPOS agrees to authorize Distributor to so market and distribute such Products,
pursuant to the terms and conditions set forth below.

                                    AGREEMENT

         Now, therefore, in consideration of the foregoing and the mutual
covenants and conditions contained herein, the parties agree as follows:

1. DEFINITIONS

      1.1   "Products" shall mean those products listed in Exhibit A attached
            hereto, as such products may be added to or abandoned by MPOS at
            MPOS's sole discretion from time to time during the term of this
            Agreement.

      1.2   "Product Unit" shall mean one unit of a particular product of MPOS.
            For example, one MPOS point of sale unit shall constitute one
            Product Unit.

      1.3   "MPOS Marks" shall mean those trademarks, tradenames and
            servicemarks listed in Exhibit B attached hereto, as such
            trademarks, tradenames and servicemarks may be added to or removed
            by MPOS at MPOS's sole discretion from time to time during the term
            of this Agreement.

      1.4   Sale and Purchase of Products. All references in this Agreement to
            the "sale" or "selling" of Products shall mean a license to use such
            Products and sale of the tangible media on which the Products are
            distributed. All references in this Agreement to the "purchase" of
            Products shall mean a license to use such Products and the purchase
            of the tangible media on which the Products are distributed.

      1.5   "Territory" shall mean Africa and those islands surrounding Africa
            that are considered part of the African Continent,

      1.6   "Year 1" shall mean the period commencing on the Effective Date and
            ending on December 31, 2004.

                                                                               1
<PAGE>

      1.7   "Year 2" shall mean the period commencing on January 1, 2005 and
            ending on December 31, 2005.

      1.8   "Year 3" shall mean the period commencing on January 1, 2006 and
            ending on December 31, 2006.

2. APPOINTMENT

      2.1   Appointment of Distributor. Conditioned upon Distributor's continued
            satisfaction of the terms and conditions of this Agreement, MPOS
            hereby appoints Distributor, and Distributor hereby accepts
            appointment, as MPOS's exclusive Distributor for the licensing and
            distribution of Products to customers in the Territory only for use
            in the Territory. This exclusive agreement is subject to the
            conditional precedent that the Distributor will meet the minimum
            initial order commitment in Exihibit E. Distributor shall not
            reproduce or sell the Products, and Distributor shall not license or
            distribute the Products except as expressly set forth in this
            Agreement. Distributor agrees that it shall not offer for sale,
            sell, license or otherwise distribute similar products acquired by
            it from any entity other than directly from MPOS without the prior
            written approval of MPOS.

      2.2   Distribution outside the Territory. Distributor shall limit its
            sales activities with respect to the Products to customers located
            in the Territory.

      2.3   Appointment of Subdistributors. Distributor may appoint
            subdistributors to act on the Distributor's behalf only on prior
            written approval of MPOS; provided, however, that any compensation
            to such subdistributors shall be solely the Distributor's
            responsibility. Any agreement with such agent or subdistributor with
            respect to Products shall be coterminous with this Agreement.

      2.4   Independent Contractor Status. The relationship of MPOS and
            Distributor established by this Agreement is that of independent
            contractors, and neither party is an employee, agent, partner or
            joint venturer of the other. Distributor shall not be considered an
            agent or legal representative of MPOS for any purpose, and neither
            Distributor nor any director, officer, agent, or employee of
            Distributor shall be, or is considered, an agent or employee of
            MPOS. Distributor is not granted and shall not exercise the right or
            authority to assume or create any obligation or responsibility on
            behalf of or in the name of MPOS. All sales and other agreements
            between Distributor and its customers are Distributor's sole
            responsibility and will have no effect on MPOS's obligations under
            this Agreement.

      2.5   Operations and Expenses. The detailed operations of Distributor
            under this Agreement are subject to the sole control and management
            of Distributor. Distributor shall be responsible for all of its own
            expenses and employees. Distributor shall provide, at its own
            expense, such office space and facilities, and hire and train such
            personnel, as may be required to carry out its obligations under
            this Agreement. Distributor agrees that it shall incur no expense
            chargeable to MPOS, except as may be specifically authorized in
            advance in writing in each case by MPOS.

      2.6   No Other Rights. Except as expressly provided in this Agreement, no
            right, title or interest is granted by MPOS to Distributor. No
            right, title or interest is granted by MPOS to Distributor relating
            to products other than the Products as set forth in this Agreement.
            Notwithstanding Section 2.1 above, MPOS reserves the right to sell
            and distribute the Products directly to the customers that are set
            forth in Exhibit C attached hereto ("House Accounts"), or to
            customers who purchase products indented to be used in the Territory

                                                                               2
<PAGE>

            through a central purchasing office not located within the
            Territory. Where customers purchase products intended for use in the
            Territory through sources other than the Distributor, then
            Distributor shall be entitled to remuneration as determined by MPOS.

     2.7    No Conflicts. Distributor represents and warrants that, as of the
            Effective Date, it is not involved, directly or indirectly, in any
            activities involving products which compete or have the potential to
            compete with the Products, including but not limited to the
            distribution of competing product lines ("Competing Activities").
            Distributor agrees that it shall not enter into any Competing
            Activities in the Territory during the term of this Agreement. If
            Distributor becomes involved in any Competing Activities,
            Distributor shall promptly inform MPOS of such involvement, and MPOS
            shall have, in addition to all other remedies to which it may be
            entitled, the right to terminate this Agreement without liability at
            any time thereafter pursuant to Section 14.2.

     2.8    During the first 90 days after the signing of this agreement, the
            Distributor is entitled to first rights of refusal for exclusive
            distribution of MPOS products in the United States and Mexico.

3.   LICENSE OF MPOS MARKS

     3.1    License. Subject to the terms and conditions of this Agreement, MPOS
            grants to Distributor a non-transferable, revocable license, without
            right of sublicense, to use the MPOS Marks in the Territory solely
            in connection with the sale, distribution and advertisement of the
            Products. Distributor shall not use the MPOS Marks except as
            expressly permitted herein.

     3.2    Restrictions. All representations of the MPOS Marks that Distributor
            intends to use shall first be submitted to MPOS for approval of
            design, color and other details or shall be exact copies of those
            provided by MPOS. Distributor shall fully comply with all
            guidelines, if any, communicated by MPOS concerning the use of the
            MPOS Marks. Distributor shall not alter or remove any trademarks,
            servicemarks, tradenames or other marks affixed to the Products by
            MPOS, nor affix the MPOS Marks to any Product. Except as set forth
            in this Article 3, nothing contained in this Agreement shall grant
            or shall be deemed to grant to Distributor any right, title or
            interest in or to the MPOS Marks. All uses of the MPOS Marks shall
            inure solely to the benefit of MPOS, and Distributor shall obtain no
            rights with respect to any of the MPOS Marks, other than the right
            to distribute Products as set forth herein, and Distributor hereby
            irrevocably assigns to MPOS all right, title and interest held by
            Distributor, if any, in or to any of the MPOS Marks. At no time
            during or after the term of this Agreement shall Distributor
            challenge or assist others in challenging the MPOS Marks (except to
            the extent expressly entitled by applicable law) or the registration
            thereof or attempt to register any trademarks, servicemarks, marks
            or trade names confusingly similar to the MPOS Marks. Upon any
            termination or expiration of this Agreement, or the election of MPOS
            pursuant to Section 4.2 below, Distributor shall immediately cease
            to use any and all of the MPOS Marks, and any listing by Distributor
            of any MPOS Mark in any telephone book, directory, public record or
            elsewhere shall be removed by Distributor as soon as possible, but
            in any event not later than the subsequent issue of such
            publication.

     3.3    Infringement. Distributor shall promptly notify MPOS of any actual
            or suspected infringements, imitations, or unauthorized use of the
            MPOS Marks by third parties of which Distributor becomes aware. MPOS
            shall have the sole right, at its expense, to bring any action on
            account of any such infringements, imitations or unauthorized use,
            and Distributor shall cooperate with MPOS, as MPOS may reasonably

                                                                               3
<PAGE>

            request, in connection with any such action brought by MPOS. MPOS
            shall retain any and all damages, settlement and/or compensation
            paid in connection with any such action brought by MPOS. Distributor
            shall be entitled to any damages, settlement and/or compensation
            paid in connection with any such action brought by MPOS provided
            that such infringements, imitations or unauthorized use of the MPOS
            Marks by third parties resulted in material damages to Distributor
            as well.

     3.4    Registered User Agreements. MPOS and Distributor shall enter into
            registered user agreements with respect to the MPOS Marks pursuant
            to applicable trademark law requirements in the Territory, if any.
            Distributor or MPOS, at MPOS's sole discretion, shall be responsible
            for proper filing of registered user agreements and all such other
            required registrations relating to the legal protection of the MPOS
            Marks with governmental authorities in the Territory and shall pay
            all costs or fees associated with such filing(s).

4.   OBLIGATIONS OF DISTRIBUTOR

     4.1    Diligence. Distributor shall use its best efforts to promote the
            marketing and distribution of the Products.

     4.2    The Distributor agrees to cause MPOS or it's designees (including
            but not limited to Smart Advance Holdings Limited) to receive a
            grand total of 500,000 shares of the common stock of Maximum
            Dynamics, Inc.. The shares shall be S.E.C. 144 Rule restricted
            shares of Maximum Dynamics, Inc. stock (OTCBB:MXDY), within 30 days
            of the signing of this agreement. This stock shall be considered as
            part of the consideration of payment for the rights granted by MPOS
            in this agreement in Year 1. Once these shares are received by MPOS,
            these shares are not required to be refunded by MPOS to Distributor.
            MPOS shall receive 500,000 additional shares of MXDY as balance of
            the said consideration in this agreement in Year 1, on or before the
            end of Year 1.

     4.3    Upon execution of this agreement Distributor agrees to initiate
            software design and product certification process for the MPOS2002
            Terminal for South Africa banking and begin sales efforts.
            Distributor will make best efforts to obtain this certificate within
            90 days, however, MPOS understands that there may be uncertainties
            and third parties involved in the South African banking system that
            may prolong this process. In any case, Distributor agrees to pursue
            the certification in the fastest possible manner.

     4.4    Minimum Requirements. In the event Distributor fails to meet the
            minimum requirements set forth in Exhibit E attached hereto, then,
            notwithstanding anything in this Agreement to the contrary, and at
            MPOS's election and not obligation, (i) MPOS shall be free to
            appoint other distributors for its Products in the Territory, (ii)
            Distributor shall not have any exclusive sale, marketing or
            distribution rights to the Products, and (iii) the license grant of
            Article 3 to the MPOS Marks shall terminate.

     4.5    Minimum Requirements. Distributor hereby guarantees that the
            aggregate amount of "Product Units" sold by Distributor under this
            Agreement during each of Year 1, Year 2 and Year 3 shall equal or
            exceed the amounts as set forth in Exhibit E (the "Guaranteed
            Minimums"). The Guaranteed Minimums shall be waived in any of the
            Years should any of the following occur: (i) MPOS incurs production
            or quality problems that cause delay; (ii) events that may be
            classified in Section 16.6 below. At the discretion of MPOS, the
            Guaranteed Minimum requirement in any year may be waived at any time

                                                                               4
<PAGE>

     4.6   Costs and Expenses. Except as expressly set forth herein,
           Distributor shall be solely responsible for all costs and expenses
           related to the advertising, marketing, promotion, and distribution
           of the Products and for performing its obligations hereunder.

     4.7   Promotional Materials. Distributor shall maintain an adequate
           inventory of MPOS's current sales materials and samples ("Sales
           Materials") and shall use such Sales Materials in an efficient and
           effective manner to promote the sale of the Products in the
           Territory.

     4.8   Reports.

           4.8.1   Annual Financial Reports. Distributor shall provide to MPOS
                   annual financial reports, which reports shall (i) be provided
                   to MPOS no later than three (3) months after the close of
                   Distributor's applicable fiscal year, and (ii) be treated as
                   Confidential Information pursuant to the terms of Article 11
                   below.

           4.8.2   General Market Information. Distributor shall provide to MPOS
                   information regarding general market conditions and
                   competitors on a regular basis, or as reasonable requested by
                   MPOS.

           4.8.3   Sales Activities. Within forty five (45) days after the end
                   of each calendar quarter, Distributor shall send to MPOS a
                   sales activities report including the names of customers,
                   quantities of Products purchased, dollar amounts invoiced to
                   and received from such customers, and customer backlog and
                   inventory status of Products, and further shall maintain
                   records of the same.

     4.9   Relations with Customers. Distributor shall process and ship each
           customer order in a timely fashion. Distributor shall provide to
           customers any and all instructions, precautions, and other warnings
           provided by MPOS to Distributor; and MPOS shall provide to
           Distributor any such instructions, precautions, and other warnings
           as MPOS in its sole discretion deems necessary or desirable.

     4.10  Product Representations. Distributor shall not to make any
           representations with respect to the Products other than those
           expressly authorized in writing in MPOS's written data sheets.

     4.11  Indemnification of MPOS. Distributor agrees to indemnify and hold
           MPOS harmless from and against any and all losses, damages or
           expenses of whatever form or nature, including attorneys' fees and
           other costs of legal defense that they, or any of them, may sustain
           or incur as a result of any acts or omissions of Distributor
           including but not limited to (i) breach of any of the provisions of
           this Agreement, (ii) negligence or other tortious conduct, (iii)
           representations or statements not specifically authorized by MPOS
           herein or otherwise in writing, or (iv) violation by Distributor of
           any applicable law, regulation, or order in the Territory.

     4.12  Indemnification of Distributor. MPOS agrees to indemnify and hold
           Distributor harmless from and against any and all losses, damages or
           expenses of whatever form or nature, including attorneys' fees and
           other costs of legal defense that they, or any of them, may sustain
           or incur as a result of any acts or omissions of MPOS or including
           but not limited to (i) breach of any of the provisions of this
           Agreement, (ii) negligence or other tortious conduct, (iii)
           misrepresentations or fraudulent acts, or (iv) violation by MPOS of
           any applicable law, regulation, or order in any jurisdiction that
           has a material effect on the Distributor.

                                                                               5
<PAGE>

5.   PRODUCTS

     5.1   Product Prices. The prices to be paid by Distributor to MPOS for
           Products hereunder shall be Prices for the Products set forth in
           Exhibit D attached hereto ("Prices"). "Prices" as used herein shall
           mean the prices set forth in MPOS's then-current customer price
           schedules or bulletins. Prices shall be F.O.B. Hong Kong. All prices
           are expressed and shall be payable in U.S. dollars.

     5.2    Price Changes. Prices are subject to change by MPOS in its sole
            discretion upon advance written notice of at least sixty (60) days.
            Price changes shall be effective immediately after such sixty (60)
            days notice period and applicable to all purchase orders whether or
            not accepted prior to the effective date of the Price change.

     5.3    Product Changes. MPOS reserves the right from time to time in its
            sole discretion, without incurring any liability to Distributor with
            respect to any previously placed Purchase Order (as defined in
            Section 6.1 below), to discontinue or to limit its production of any
            Product; to allocate, terminate or limit deliveries of any Product
            in time of shortage; to alter the design or construction of any
            Product; to add new and additional products to the Products; and
            upon reasonable notice to Distributor, to change its sales and
            distribution policies, not inconsistent with the terms of this
            Agreement.

6.   PURCHASER ORDERS

     6.1    Purchase Orders. All orders for Products submitted by Distributor
            shall be initiated by written purchase order in form acceptable to
            MPOS (each a "Purchase Order"); provided, however, that an order may
            initially be placed orally or by fax if a confirmational Purchase
            Order is received by MPOS within five (5) days of said oral or fax
            order. All Purchase Orders for Products are subject to acceptance by
            MPOS in writing, and MPOS shall have no liability to Distributor
            with respect to Purchase Orders that are not accepted. No partial
            acceptance of a Purchase Order shall constitute the acceptance of
            the entire Purchase Order, absent the written acceptance of such
            entire Purchase Order.

     6.2    Agreement Governs. Purchase Orders shall be governed by the terms of
            this Agreement. Nothing contained in any Purchase Order shall in any
            way modify or delete the terms and conditions contained herein or
            add any additional or different terms or conditions to the terms and
            conditions of this Agreement.

     6.3    Order Changes. Purchase Orders may be canceled only with MPOS' prior
            written approval. Changes to Purchase Orders must be received by
            MPOS 60 days before the Purchase Order is scheduled to be shipped.

7.   PAYMENT; TAXES

     7.1    Payment Terms. Payment of any and all amounts due under this
            Agreement shall be in U.S. Dollars.

     7.2    Offsets. Any credits, allowances, or other amounts payable to or
            creditable by Distributor shall be subject to offset for any claims
            or other amounts owed by Distributor to MPOS pursuant to the
            provisions of this Agreement.

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<PAGE>

     7.3   Taxes.

           7.3.1   Taxes. Prices do not include and are net of any foreign or
                   domestic governmental taxes or charges of any kind that may
                   be applicable to the sale, licensing, marketing or
                   distribution of the Products, including without limitation
                   excise, sales, use, or value-added taxes; customs or other
                   import duties; or other taxes, tariffs or duties. Each party
                   shall be responsible for its respective tax liabilities and
                   payments to the appropriate taxing authority.

8.   DELIVERY; REJECTION

     8.1   Shipment and Delivery. Products delivered pursuant to the terms of
           this Agreement shall be suitably packed for shipment in MPOS's
           standard shipping cartons, marked for shipment to the destination
           specified in Distributor's Purchase Order, and delivered to the
           carrier agent F.O.B. Hong Kong, at which time risk of loss shall
           pass to Distributor. Unless otherwise specified in writing by
           Distributor in Distributor's purchase order, MPOS shall select the
           carrier. All freight, insurance, and other shipping expenses, as
           well as expenses for any special packing requested by Distributor
           and provided by MPOS, shall be paid by Distributor. All shipment and
           freight charges shall be deemed correct unless MPOS receives from
           Distributor, no later than fifteen (15) days after the date of
           shipment, a written notice specifying the shipment, the purchase
           order number, and the exact nature of the discrepancy between the
           order and the shipment in number or type of Products shipped, or
           freight or other charges, as the case may be. MPOS may cease any and
           all shipments of Products until Distributor is in full performance
           of its obligations under Article 7.

     8.2   Title. MPOS shall retain all right, title and interest in and to
           Products delivered to Distributor until MPOS has received all
           applicable payments therefor.

     8.3   Inspection; Rejection. Distributor shall inspect all Products
           promptly upon receipt thereof and may reject any defective Product,
           provided that Distributor shall (i) within the earlier of thirty
           (30) days after receipt of such alleged defective Product or ten
           (10) days after discovery of such alleged defect, notify MPOS of its
           rejection and request a Return Material Authorization ("RMA") number
           and (ii) within ten (10) days of receipt of the RMA number from MPOS
           return such rejected Product to MPOS at MPOS' expense. Products not
           rejected within the foregoing time periods shall be deemed accepted
           by Distributor. In the event that MPOS determines that the returned
           Product is defective and properly rejected by Distributor, MPOS
           shall return to Distributor, freight prepaid, all repaired or
           replaced Products properly rejected by Distributor.

     8.4   Returned Product. Distributor shall only return Products to MPOS
           with MPOS' prior written approval. Any Product returned to MPOS by
           Distributor as authorized under this Agreement shall be shipped at
           MPOS' expense to the address first set forth above or such other
           location as MPOS may instruct Distributor, and shall be packed in
           its original packing material. MPOS may refuse to accept any Product
           not packed and shipped as herein provided.

     8.5   If it is determined that Returned Material was rejected improperly
           as a result of Distributor error, then the Distributor shall bear
           the cost of shipping for any such material.

                                                                               7
<PAGE>

9.   TECHNICAL SUPPORT

     9.1    Support by Distributor. Distributor shall be solely responsible for
            "First Level Support" for all Products distributed hereunder. First
            Level Support shall mean, (i) providing reasonable technical support
            to customers, including maintaining trained and competent technical
            support personnel for the Products who are sufficiently
            knowledgeable with respect to the Products to answer customer
            questions regarding the use and operation of Products, (ii)
            designating a technical liaison to coordinate Distributor's
            technical support provided to Customers, and (iii) responding
            promptly to requests for technical support from customers. MPOS
            shall be responsible for "Second Level Support", which shall mean
            providing technical support services with respect to the Products to
            address and resolve customers' support requests that the Distributor
            is unable to resolve.

10.  DISCLAIMER OF WARRANTY

       MPOS MAKES NO WARRANTIES OR CONDITIONS, EXPRESS STATUTORY, IMPLIED OR
OTHERWISE, AND MPOS SPECIFICALLY DISCLAIMS THE IMPLIED WARRANTIES AND CONDITIONS
OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NONINFRINGEMENT, AND
ALL OTHER IMPLIED WARRANTIES OR CONDITIONS ARISING FROM COURSE OF DEALING, USAGE
OF TRADE OR CUSTOM.

11.  CONFIDENTIALITY AND PROPRIETARY RIGHTS

     11.1   Confidentiality. Distributor acknowledges that by reason of its
            relationship to MPOS hereunder it will have access to certain
            information and materials concerning MPOS's business, plans,
            customers, technology, and products that are confidential and of
            substantial value to MPOS, which value would be impaired if such
            information were disclosed to third parties ("Confidential
            Information"). Distributor agrees that it will not use in any way
            for its own account or the account of any third party, nor disclose
            to any third party, any Confidential Information revealed to it by
            MPOS. Distributor shall take every reasonable precaution to protect
            the confidentiality of Confidential Information. Upon request by
            Distributor, MPOS shall advise whether or not it considers any
            particular information or materials to be confidential. Distributor
            shall not publish any technical description of the Products beyond
            the description published by MPOS. In the event of termination of
            this Agreement, there shall be no use or disclosure by Distributor
            of any Confidential Information of MPOS, and Distributor shall not
            reproduce, manufacture, have reproduced or have manufactured any
            software programs, devices, components or assemblies utilizing any
            of MPOS's confidential information.

     11.2   Proprietary Rights. Distributor agrees that MPOS retains all of its
            right, title and interest in and to all patents, trademarks, trade
            names, inventions, copyrights, know-how and trade secrets relating
            to the Products or the product lines that include the Products, and
            the design, manufacture, operation or service of the Products. The
            use by Distributor of any of these property rights is authorized
            only for the purposes herein set forth and upon termination of this
            Agreement for any reason such authorization will cease. Distributor
            shall not (and shall require that its customers do not) remove,
            alter, cover or obfuscate any copyright notices or other proprietary
            rights notices placed or embedded by MPOS on or in any Product.

12.  INTELLECTUAL PROPERTY INDEMNIFICATION

                                                                               8
<PAGE>

     12.1   Limited Indemnity. Distributor agrees that MPOS has the right to
            defend, or at its option to settle, and MPOS agrees, at its own
            expense, to defend or at its option to settle, any third party
            claim, suit or proceeding (collectively, "Action") brought against
            Distributor alleging the Products infringe any copyright or
            trademark in existence as of the Effective Date, subject to the
            limitations hereinafter set forth. MPOS shall have sole control of
            any such Action or settlement negotiations, and MPOS agrees to pay,
            subject to the limitations hereinafter set forth, any final judgment
            entered against Distributor on such issue in any such Action
            defended by MPOS. Distributor agrees that MPOS will be relieved of
            the foregoing obligations unless Distributor notifies MPOS in
            writing of such Action within ten (10) days after becoming aware of
            such action, gives MPOS authority to proceed as contemplated herein,
            and gives MPOS proper and full information and assistance to settle
            and/or defend any such Action. If it is adjudicatively determined,
            or if MPOS believes, that the Products, or any part thereof,
            infringe any copyright or trademark, or if the sale or use of the
            Products, or any part thereof, is, as a result, enjoined, then MPOS
            may, at its election, option, and expense: (i) procure for
            Distributor the right under such copyright or trademark to sell or
            use, as appropriate, the Products or such part thereof; (ii) replace
            the Products, or part thereof, with other noninfringing suitable
            products or parts; (iii) suitably modify the Products or part
            thereof; or (iv) remove the Products, or part thereof, terminate
            distribution or sale thereof and refund the payments paid by
            Distributor for such Products. MPOS shall not be liable for any
            costs or expenses incurred without its prior written authorization,
            or for any installation costs of any replaced Products.

     12.2   Limitations. Notwithstanding the provisions of Section 12.1 above,
            MPOS assumes no liability for infringement claims arising from (i)
            combination of the Products or portions thereof with other software
            not provided by MPOS if such infringement would not have occurred
            but for such combination, or (ii) the modification of the Products
            or portions thereof unless such modification was made or authorized
            by MPOS, when such infringement would not have occurred but for such
            modification.

     12.3   DISCLAIMER. MPOS'S Liability arising out of or relating to this
            article 12 shall not exceed the aggregate amounts paid by
            Distributor to MPOS for the allegedly infringing products that are
            the subject of the infringement claim. The foregoing provisions of
            this article 12 state the entire liability and obligation of MPOS
            and the exclusive remedy of distributor with respect to any alleged
            infringement of any intellectual property rights by the products or
            any part thereof.

13.  LIMITATION OF LIABILITY

     In no event shall MPOS' liability arising out of or relating to this
agreement exceed the aggregate amounts payable by Distributor to MPOS hereunder,
including but not limited to liability under article 12 above. In no event shall
either party be liable for lost profits, cost of procurement of substitute
goods, or any other special, reliance, incidental, or consequential damages,
however caused and under any theory of liability whether based in contract, tort
(including negligence), products liability, or otherwise except as set forth in
this Agreement. The foregoing limitations shall apply regardless of whether such
party has been advised of the possibility of such damages and notwithstanding
the failure of essential purpose of any limited remedy stated herein.

14.  TERM AND TERMINATION

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<PAGE>

     14.1  Term. Unless earlier terminated pursuant to Section 14.2 below or by
           mutual written consent, this Agreement shall commence upon the
           Effective Date and continue in full force and effect for an initial
           term expiring on December 31, 2006 ("Expiration Date"). After the
           Expiration Date, this Agreement shall automatically renew for another
           year (each year a "RENEWAL TERM") unless otherwise terminated by
           either party.

     14.2  Termination. This Agreement may be terminated prior to the expiration
           of the initial term by prior written notice to the other party as
           follows:

            14.2.1  By either party upon written notice of termination if the
                    other party breaches any material term or condition of this
                    Agreement and fails to cure that breach within thirty (30)
                    days after receiving written notice stating the nature of
                    the breach and the non-breaching party's intent to
                    terminate; or

            14.2.2  By either party, effective immediately, if the other party
                    should become the subject of any voluntary or involuntary
                    bankruptcy, receivership, or other insolvency proceedings or
                    make an assignment or other arrangement for the benefit of
                    its creditors, or if such other party should be nationalized
                    or have any of its material assets expropriated; or

            14.2.3  By MPOS, effective immediately, if there should occur any
                    material change in the management, ownership, control, sales
                    personnel, sales and marketing capability, or financial
                    condition of Distributor that prevents Distributor from
                    fulfilling its obligations hereunder; or

            14.2.4  By MPOS, effective immediately, if any law or regulation
                    should become adopted or in effect in the Territory that
                    would restrict MPOS's termination rights or otherwise
                    invalidate any provisions hereof; or

            14.2.5  By MPOS, effective immediately, if Distributor should
                    violate the terms of Section 2.7 above or Section 16.3
                    below; or

            14.2.6  By MPOS, effective immediately, in accordance with
                    provisions of Sections 15.3; or

            14.2.7  By MPOS, effective immediately, if Distributor knowingly
                    makes any false or untrue statements or representations to
                    MPOS herein or in the performance of its obligations
                    hereunder.

            14.2.8  Unless the distributor meets the annual minimum product
                    purchase requirements (Exhibit E , Section E1-E4) as stated
                    in Exhibit E, MPOS has the right to terminate the said
                    exclusive distributor agreement subject to the provisions of
                    Exhibit E.7..

     14.3  Termination of Exclusivity. Unless MPOS shall state otherwise,
           termination of this Agreement shall mean termination of the
           exclusivity of the distribution rights, and Distributor shall be
           entitled to continue sales of Product Units at the same terms and
           conditions with no Minimum Requirements for sales of Product Units.

     14.4  Rights of Parties Upon Termination or Expiration. The following
           provisions shall apply on the termination of all Distribution rights
           or expiration of this Agreement.

                                                                              10
<PAGE>

            14.4.1  Purchase Orders; No Waiver. If MPOS shall terminate all
                    distribution rights of Distributor, then Distributor shall
                    be obligated to accept deliveries of Products for which
                    Purchase Orders were accepted by MPOS prior to the effective
                    date of termination. After any notice of termination of all
                    Distribution rights has been delivered by either party
                    hereunder, deliveries of Product from MPOS to Distributor,
                    unless otherwise agreed by MPOS in its sole discretion,
                    shall require prepayment by wire transfer by Distributor to
                    MPOS. The acceptance of any Purchase Order for the sale of
                    any Product to Distributor after the termination or
                    expiration of this Agreement shall not be construed as a
                    renewal or extension of this Agreement nor as a waiver of
                    termination of this Agreement.

            14.4.2  Cessation of Sales Activities. If MPOS shall terminate all
                    distribution rights of Distributor, then Distributor shall
                    cease all sales and other activities on behalf of MPOS and
                    shall return to MPOS and immediately cease all use of
                    Confidential Information previously furnished by MPOS and
                    then in Distributor's possession. Distributor shall
                    additionally turn over to MPOS Distributor's current
                    customer mailing list and take such action as is necessary
                    to terminate Distributor's registration as MPOS's sales
                    representative with any governmental authority.

            14.4.3  Amounts Owed. If MPOS shall terminate all distribution
                    rights of Distributor, then all indebtedness of Distributor
                    to MPOS shall become due and payable within thirty (30)
                    days.

            14.4.4  Cessation of Use of MPOS Marks. If MPOS shall terminate all
                    distribution rights of Distributor, then Distributor shall
                    remove from its property and immediately discontinue all
                    use, directly or indirectly, of the MPOS Marks, or of any
                    word, title, expression, trademark, design, or marking that,
                    in the opinion of MPOS, is confusingly similar thereto.
                    Distributor shall further certify in writing to MPOS that
                    Distributor has completely terminated its use of any and all
                    such MPOS Marks, trademarks, designs, or markings, or any
                    other word, title, or expression similar thereto that
                    appeared in or on any devices or other materials used in
                    conjunction with Distributor's business.

            14.4.5  No Obligation to Repurchase. If MPOS shall terminate all
                    distribution rights of Distributor, then MPOS shall have no
                    obligation to repurchase or to credit Distributor for its
                    inventory of Products at the time of termination of this
                    Agreement. MPOS may, at its sole option, repurchase from
                    Distributor, at the prices paid by Distributor, any or all
                    inventory of Products originally purchased by Distributor
                    from MPOS and remaining unsold by Distributor.

     14.5  No Liability for Termination. Except as expressly required by law, in
           the event of termination of this Agreement by either party in
           accordance with any of the provisions of this Agreement, neither
           party shall be liable to the other, because of such termination, for
           compensation, reimbursement or damages on account of the loss of
           prospective profits or anticipated sales or on account of
           expenditures, inventory, investments, leases or commitments in
           connection with the business or goodwill of MPOS or Distributor.
           Termination shall not, however, relieve either party of obligations
           incurred prior to the termination.

     14.6  Survival. Except for termination of all Distribution rights by MPOS
           pursuant to Section 14.2.1 above, Distributor may sell Products
           existing in its inventory as of the effective date of termination of
           this Agreement for a period of one hundred twenty (120) days after
           the effective date of such termination ("Wind-Down Period"). During

                                                                              11
<PAGE>

           the Wind-Down Period, the provisions of Article 15 and Sections 2.2,
           4.8 and 4.9 shall survive. In addition to the foregoing provisions,
           the following provisions shall survive any termination or expiration
           of this Agreement: Articles 1, 11, 13 and 16, and Sections 2.4, 2.6,
           2.7, 3.2, 4.10, 6.2, 8.2, 14.4, 14.6, 15.1 and 15.4.

15.  COMPLIANCE WITH LAWS

     15.1  Export Control. Any and all obligations of MPOS to provide the
           Products, as well as any technical data, shall be subject in all
           respects to such laws and regulations in the Territory as will from
           time to time govern the license and delivery of technology and
           products abroad by persons subject to the jurisdiction of the
           Territory. Distributor represents and warrants that it will not
           export or re-export the Products or technical data related thereto
           except in conformity with such laws and regulations.

           15.1.1   Required Authorization. Distributor agrees that, unless
                    prior written authorization is obtained from the appropriate
                    regulating entity, or the appropriate regulating entity
                    explicitly permits the export, re-export, and/or
                    transshipment of the Products or technical data disclosed or
                    provided to Distributor, as applicable, without such written
                    authorization, Distributor shall not export, re-export, or
                    transship, directly or indirectly, the Products or technical
                    data, to country groups that are prohibited under export
                    regulations in the Territory.

     15.2  Import Licenses; Exchange Controls; Other Governmental Approvals.
           Distributor represents and warrants that it shall, at its expense,
           obtain any and all import licenses and governmental approvals that
           may be necessary to permit the sale by MPOS and the purchase by
           Distributor of the Products, comply with all registration
           requirements in the Territory, obtain such approvals from the banking
           and other governmental authorities of the Territory as may be
           necessary to guarantee payment of all amounts due hereunder to MPOS
           in U.S. dollars, and comply with any and all governmental laws,
           regulations, and orders that may be applicable to Distributor by
           reason of its execution of this Agreement, including but not limited
           to any requirement to be registered as MPOS' independent distributor
           with any governmental authority, and including but not limited to any
           and all laws, regulations, or orders that govern or affect the
           ordering, export, shipment, import, sale (including government
           procurement), delivery, or redelivery of the Products in the
           Territory. Distributor shall furnish MPOS with such documentation as
           MPOS may request to confirm Distributor's compliance with this
           Section 15.2 and agrees that it shall not engage in any course of
           conduct that, in MPOS' reasonable belief, would cause MPOS to be in
           violation of the laws of any jurisdiction.

     15.3  Local Law. Distributor shall notify MPOS of the existence and content
           of any mandatory provision of law in the Territory or any other
           applicable law that conflicts with any provision of this Agreement at
           the time of its execution or thereafter. Failure to do so shall
           constitute a breach of this Agreement for which MPOS may terminate
           this Agreement effective immediately upon notice to Distributor
           pursuant to Section 14.2 above.

     15.4  Liability of MPOS. The provisions of this Agreement under which the
           liability of MPOS is excluded or limited shall not apply to the
           extent that such exclusions or limitations are declared illegal or
           void under the laws applicable in the countries in which Products are
           sold hereunder.

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<PAGE>

16.  MISCELLANEOUS PROVISIONS

     16.1  Governing Law. This Agreement shall be governed by and construed
           under the laws of Hong Kong.

     16.2  Jurisdiction; Venue. The parties consent to the personal jurisdiction
           of, and venue in, the courts of Hong Kong.

     16.3  Assignment. Distributor may not transfer or assign any of its rights
           or obligations under this Agreement without the prior written consent
           of MPOS. MPOS may transfer or assign its rights or obligations under
           this Agreement with written consent of Distributor. Subject to the
           foregoing, this Agreement will be binding upon and inure to the
           benefit of the parties hereto, their successors and assignees.

     16.4  No Implied Waivers. The failure of either party at any time to
           require performance by the other of any provision hereof shall not
           affect the right of such party to require performance at any time
           thereafter, nor shall the waiver of either party of a breach of any
           provision hereof be taken or held to be a waiver of a provision
           itself.

     16.5  Severability. If any provision of this Agreement is held to be
           invalid by a court of competent jurisdiction, then the remaining
           provisions will nevertheless remain in full force and effect. The
           parties agree to renegotiate in good faith those provisions so held
           to be invalid to become valid, enforceable provisions which
           provisions shall reflect as closely as possible the original intent
           of the parties, and further agree to be bound by the mutually agreed
           substitute provision.

     16.6  Force Majeure. Except for payment of monies, neither party shall be
           liable for failure to fulfill its obligations under this Agreement or
           any purchase order issued hereunder or for delays in delivery due to
           causes beyond its reasonable control, including, but not limited to,
           acts of God, man-made or natural disasters, earthquakes, fire, riots,
           flood, material shortages, strikes, delays in transportation or
           inability to obtain labor or materials through its regular sources.
           The time for performance of any such obligation shall be extended for
           the time period lost by reason of the delay.

     16.7  Conflicting Terms. The parties agree that the terms and conditions of
           this Agreement shall prevail, notwithstanding contrary or additional
           terms, in any purchase order, sales acknowledgment, confirmation or
           any other document issued by either party effecting the purchase
           and/or sale of Products.

     16.8  Headings. Headings of paragraphs herein are inserted for convenience
           of reference only and shall not affect the construction or
           interpretation of this Agreement.

     16.9  Notice. Any notice required or permitted to be given under this
           Agreement shall be delivered (a) by hand, (b) by registered or
           certified mail, postage prepaid, return receipt requested, to the
           address of the other party first set forth above, or to such other
           address as a party may designate by written notice in accordance with
           this Section 16.9, (c) by overnight courier, or (d) by fax with
           confirming letter mailed under the conditions described in (b) above.
           Notice so given shall be deemed effective when received, or if not
           received by reason of fault of addressee, when delivered.

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<PAGE>

     16.10 Entire Agreement. This Agreement contains the entire understanding of
           the parties with respect to the subject matter hereof and supersedes
           all prior agreements relating thereto, written or oral, between the
           parties. Amendments to this Agreement must be in writing, signed by
           the duly authorized officers of the parties. The terms of any
           purchase order are expressly excluded.

     16.11 Injunctive Relief. Distributor agrees that any violation or
           threatened violation of sections 2.7, 3.2, 3.4, 11.1, 11.2 or 14.4.3
           will cause irreparable injury to MPOS, entitling MPOS to obtain
           injunctive relief in addition to all legal remedies.

     16.12 Should any communications be regarding this contract be required
           between MPOS and Distributor contacts should be sent to each party
           at the coordinates provided in this section.

           16.12.1  MPOS may be contacted by Maximum Dynamics using the
                    information below:

                  M.POS Limited
                  706, Central Plaza,
                  18 Harbour Rd, Hong Kong

                  Telephone: (852) 21 16 6116
                  Facsimile: (852) 2388 8661
                  Email: allen@mpos.net

           16.12.2  Maximum Dynamics, Inc. may be contacted by MPOS using the
                    information below:

                  Maximum Dynamics, Inc.
                  ATT: Eric Majors
                  2 North Cascade Ave.
                  Suite 1100
                  Colorado Springs, Colorado 80903, U.S.A.

                  Phone & Voice Message in South Africa: 27-72-599-5413
                  Facsimile & Voice Message (U.S.A.): 435-203-0928
                  Email: ermajors@maximumdynamics.com

                                                                              14
<PAGE>

       In Witness Whereof, the parties hereto have duly executed this Agreement
effective as of the ____ day of October, 2003.

M.POS:
M.POS Limited

By:                                      Witnessed:
   -------------------------------                 -----------------------------

Name:     Allen Cheng                    Name:

Title:    Managing Director

DISTRIBUTOR:

Maximum Dynamics, Inc.

By:                                       Witnessed:
   -------------------------------                  ----------------------------

Name:     Eric Majors                      Name:

Title:    Chief Executive Officer

                                                                              15
<PAGE>

                                    EXHIBIT A
                                 PRODUCT LISTING

All of MPOS's general product line, including but not limited to:

M.POS2002 is the first in a series of mobile EFTPOS devices, designed to offer
all the advantages of modern wireless communications, combined with a highly
secure, feature rich, Electronic Funds Transfer at Point of Sale (EFTPOS)
terminal to merchants.

M.RECHARGE is a highly secure management system for the distribution and sale of
direct (voucherless) top-up, prepaid vouchers and tickets from multiple service
providers. It is able to deliver these products over the wireless network via
M.POS2002 terminals, from which top up orders can be placed, or vouchers sold
and dispensed to customers.

M.PPS is a self-contained, solar powered telecommunications services outlet
operated by a single proprietor. It can be deployed in any location and
customers may purchase airtime from the proprietor via his M.POS2002 terminal,
or can make telephone calls from the bank of six to eighteen public payphones
attached to the M.PPS booth. All communications are performed via the wirless
network (GSM or CDMA options), and a high-gain antenna ensures that premium
voice quality is delivered up to 30Km from the nearest base station.

M.Gate is the wireless transaction switching gateway used to connect M.POS
EFTPOS terminals to banking acquirers.

M.Loyalty is a multi-merchant, multi-campaign loyalty system, integrated with
M.POS terminals.

M.Lottery is a system which uses M.Recharge to provide pre-paid value to
customers via M.POS EFTPOS terminals, and then allows them to select and
register lottery ticket purchases from their mobile phones.

                                                                              16
<PAGE>

                                    EXHIBIT B
                  MPOS TRADEMARKS, TRADENAMES AND SERVICEMARKS

M.POS
M.Blue Framework
M.Gate
M.Recharge
M.PPS
M.Loyalty
M.Lottery

                                                                              17
<PAGE>

                                    EXHIBIT C
                                 HOUSE ACCOUNTS

MPOS shall provide Distributor with written notification of all such customers
in the future that it considers House Accounts.

When appropriate, and only under confidentiality agreements satisfactory to
MPOS, MPOS shall provide advance notification to Distributor of any pending OEM
relationships.

Current, nominated house accounts are:

American Express International (central purchasing office, Australia)
Standard Chartered Bank (central purchasing office, Singapore)
HSBC (central purchasing office, Hong Kong)
JCB (Central Purchasing Office Japan)

                                                                              18
<PAGE>

                                    EXHIBIT D
                               DISTRIBUTION PRICES

D.1   For so long as Distributor meets the Minimum Requirements set forth in
      Section 4.4, the cost for each and every product other than M.POS2002
      Terminals shall be negotiated on an order by order basis. Unless otherwise
      agreed the cost for each MPOS2002 device before shipping and taxes shall
      be $700.00 U.S.D. (seven hundred U.S.D.) FOB Hong Kong

D.2   If Distributor fails to meet the Minimum Requirements set forth in Section
      4.4, then MPOS shall be entitled to cancel any an all distribution rights
      given in this agreement in accordance with the guidelines, Section 14.

                                                                              19
<PAGE>

                                    EXHIBIT E
                     MINIMUM PRODUCT UNIT ORDER REQUIREMENTS

E.1   Year 1. The aggregate amount of Product Units Sold by the Distributor
      under this Agreement during Year I must equal or exceed twenty thousand
      (20,000) Product Units.

E.2   Year 2. The aggregate amount of Product Units Sold by the Distributor
      under this Agreement during Year 2 must equal or forty thousand (40,000)
      Product Units.

E.3   Year 3. The aggregate amount of Product Units Sold by the Distributor
      under this Agreement during Year 3 must equal or exceed sixty thousand
      (60,000) Product Units.

E.4   The distributor shall obtain an irrevocable transferable L/C at sight from
      a prime bank, acceptable by, and in favor of, MPOS Limited for a minimum
      of 5,000 units of the Products within 90 days of the signing of this
      agreement, otherwise it serves as a material breach of this agreement
      subject to Section 14.2.8

E.5   Renewal Terms. The aggregate amount of Product Units Sold by the
      Distributor under this Agreement during each Renewal Term must equal or
      exceed fifty thousand (50,000) Product Units.

E.6   MPOS, at its sole discretion, may waive the Minimum Requirements of the
      Distributor in a given year, in which case Distributor will not be
      required to meet any Minimum Requirements unless an alternate amount of
      Product Units to be sold is specified by MPOS as the new Minimum
      Requirement. Any year in which the Distributor does not meet the Minimum
      Requirements and MPOS waives the Minimum Requirements shall not require
      MPOS to waive the Minimum Requirements in any of the subsequent years.

E.7   If in any year the Distributor is not going to meet the Minimum
      Requirements, then sixty (60) days before the end of that year the
      Distributor shall notify the MPOS if the Minimum Requirements ARE NOT
      going to be met. This agreement will remain in full effect until such time
      as MPOS notifies Distributor that either (i) the Minimum Requirements will
      be waived, (ii) this contract will be terminated pursuant to the
      termination provisions in Article 14, (iii) or some other alternative
      agreement has been reached between MPOS and Distributor.

                                                                              20

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