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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0001269678-07-000140.txt : 20070516
<SEC-HEADER>0001269678-07-000140.hdr.sgml : 20070516
<ACCEPTANCE-DATETIME>20070516161901
ACCESSION NUMBER:		0001269678-07-000140
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20070515
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20070516
DATE AS OF CHANGE:		20070516

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MAXIMUM AWARDS INC
		CENTRAL INDEX KEY:			0001282224
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-PERSONAL SERVICES [7200]
		IRS NUMBER:				860787790

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-50621
		FILM NUMBER:		07858047

	BUSINESS ADDRESS:	
		STREET 1:		LEVEL 1 164 WHARF ST
		STREET 2:		QUEENSLAND 4000
		CITY:			BRISBANE
		STATE:			C3
		ZIP:			00000
		BUSINESS PHONE:		61 738 312316

	MAIL ADDRESS:	
		STREET 1:		LEVEL 1 164 WHARF ST
		STREET 2:		QUEENSLAND 4000
		CITY:			BRISBANE
		STATE:			C3
		ZIP:			00000
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>maxim8k051507.txt
<TEXT>


                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                    FORM 8-K

                                 CURRENT REPORT
           PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE
                                   ACT OF 1934

                           Commission File No. 0-50621

                                  May 15, 2007
                                  ------------
                Date of report (Date of earliest event reported)

                              Maximum Awards, Inc.
                              --------------------
             (Exact name of registrant as specified in its charter)

        Nevada                                           86-0787790
- -----------------------                     ------------------------------------
(State of organization)                     (I.R.S. Employer Identification No.)

                 82 Avenue Road, M5R 2H2 Toronto, Ontario Canada
                 -----------------------------------------------
                    (Address of principal executive offices)

                                  416-929-5798
                                  ------------
              (Registrant's telephone number, including area code)

Check whether the issuer (1) filed all reports required to be file by Section 13
or 15(d) of the Exchange Act during the past 12 months and (2) has been subject
to such filing requirements for the past 90 days. Yes [X]

<PAGE>


Item 1.01 Entry into a Material Definitive Agreement:

On May 15, 2007, the Company announced that it had entered into an agreement to
acquire all of the issued and outstanding stock in Plays On The Net Plc through
the issue of 180 million common shares (pre 15 to 1 split). The agreement is
subject to a definitive acquisition agreement. Plays on the Net Plc is a United
Kingdom corporation which provides a comprehensive online guide to theatre, and
services the online download market for plays and spoken word entertainment.
Plays on the Net has a license to sell audio book titles from the archives of
BBC Audio books, and has developed into a online store and theatre information
site, with more than 500,000 books and audio book titles available for download.
The company also sells audio titles and books from other leading publishers
including Time Warner, Harper Collins and Random House, Naxos and Little Brown.
The Company's target is to become a one-stop site for information, tickets,
reviews and news relating to theatre, and hopes to become the ultimate social
networking site for drama enthusiasts. The website includes a forum (Play-talk)
which is building a community of writers and actors who are able to post their
personal profiles, reviews and resumes and provide unique profile page. Plays on
the Net Plc is a development stage company that does not yet have any
significant sales.

Item 5.02 Departure of Directors or Officer; Election of Directors or Officers;

Mr. Maxwell Thomas resigned as a Member of the Board of Directors, CEO and CFO
of the Company and Mr. Pino Giuseppe Baldassarre was appointed as CEO of the
Company. Mr. Enzo Taddei, an existing director of the Company was appointed
Chief Financial Officer.

Mr. Pino Giuseppe Baldassarre has held senior management and director positions
of new business start-ups and established multinational organizations and has
over 25 years experience in the Security and Communications Industries. With
leadership skills in management of international operations, shareholder exit
strategies, and overall business development, he has utilized a wide range of
strategic programs to maximize organic growth into specific industry segments
through OEM, alliances, and direct multi-level distribution channels. All while
maximizing shareholder value.

Most recently, Mr. Baldassarre was responsible for Business Development of
123ID, a software development corporation specializing in biometric solutions,
and acting President and CEO of BPT Technologies, responsible for the set up and
implementation of a North American division for a European multinational
company. Over the years he has held many senior positions such as the Managing
Director of The Logica Group, a division of The Mackenzie Group, NY, where he
was responsible for total corporate infrastructure development, From Intellikey
Corporation Florida, as Senior Vice President, and Pacific Entrance Systems in
Vancouver, where he was President and CEO.

Mr. Baldassarre is a recognized expert in his field and he is regularly called
on to speak at conferences in both Canada and the US on issues surrounding
National Security and merging technologies.

Mr. Baldassarre holds a BA in Mathematics with a minor in economics from York
University, Toronto and an MBA -INSEAD from Fountainbleau, France.

<PAGE>

Mr. Enzo Taddei was previously the sole shareholder and director of private
accountancy firm, Adesso Res Asesores in Spain, which he operated for eight
years between 1999 and 2006.

Prior to setting up his own company, Enzo worked for a prestigious firm of
chartered accountants based in Marbella, Malaga whilst completing his BBA degree
in Economics.

Raised in Spain, Italy and Ireland, Enzo is proficient in three languages and
has been educated to degree level in both Spain and the UK Enzo holds a degree
in economics from the University of Malaga, Spain and in Business administration
from the University of Wales in conjunction with the University E.A.D.E in
Malaga, Spain. In 2000, he completed his Master Degree in Taxation and fiscal
related subjects at the University of E.A.D.E in Malaga, Spain.

Item 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

     (a) Financial Statements:

     None.

     (b) Exhibits:

     2.1      Heads of Agreement dated May 4, 2007 By and Between Maximum Awards
              Inc. and Plays On The Net Plc


                                   Signatures
                                   ----------

Pursuant to the requirements of the Securities Exchange Act of 1934, the Company
has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.


                               MAXIMUM AWARDS INC
                               ------------------

Date: May 16, 2007             By: /s/Pino G. Baldassarre
                                  -----------------------
                                  Chief Executive Officer








</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-2.1
<SEQUENCE>2
<FILENAME>maxim8k051507ex101.txt
<DESCRIPTION>HEADS OF AGREEMENT
<TEXT>

Exhibit 2.1

                               Heads of Agreement
                               ------------------

                                Dated May 4, 2007

                                 By and Between:

                    Maximum Awards Inc. (MAXW or the Company)
                                       And
                           Plays on the Net Plc (POTN)

Whereas MXAW is a Nevada Corporation publicly traded on the OTCBB under the
symbol MXAW and is involved in the development of loyalty programs and the
travel industry, and

Whereas POTN is a United Kingdom corporation Plays on the net was created as a
comprehensive online guide to theatre, and to fill a significant niche in the
download market for plays and spoken word entertainment. An online database of
unpublished plays uploaded by hopeful writers, the site had a small but
dedicated following which changed dramatically when the company secured an
enviable license to sell audio book titles from the archives of BBC Audio books.
The site has now developed into a significant online store and theatre
information site, with more than 500,000 books for sale and audio book titles
available for download not only from BBC Audio, but also from leading publishers
including Time Warner, Harper Collins and Random House, Naxos and Little Brown.
A one-stop site for information, tickets, reviews and news relating to theatre,
POTN is set to become the ultimate social networking site for drama enthusiasts.
Our forum (Play-talk) is building a community of writers and actors who are able
to post their personal profiles, reviews and resumes both there and on Stage
Write, their unique profile page.


The Parties have agreed as follows:

       1.     MXAW agrees to purchase 100% of the issued and outstanding share
capital of POTN through the issuance of 12,000,000 common shares (Post split) or
180,000,000 common shares (Pre Split) (the Acquisition). The purchase of POTN by
MXAW will be subject to a separate formal agreement under the above terms and
will be completed as soon as POTN has completed an audit for the years 2006 and
2005.

       2.     This agreement has been declared irrevocable by both parties.

       3.     MXAW warrants that its total liabilities as of March 31, 2007 are
282,680 USD.

       4.     MXAW warrants that its only assets comprise its Australian
subsidiaries comprising Maximum Awards Pty Ltd, Global Business Group Pty Ltd
and Travel Easy Pty Ltd (the Subsidiaries).

<PAGE>

       5.     MXAW warrants that its issued share capital comprises 36,782,000
common shares (pre stock roll back). MXAW warrants that it will not, without the
approval of POTN, issue any additional capital stock prior to the completion of
the Acquisition.

       6.     MXAW agrees to complete the stock rollback announced in October
2006.

       7.     POTN warrants that it will not have any debt the time of
acquisition.

       8.     MXAW agrees to file a Form 8K with the SEC to disclose the pending
acquisition of POTN immediately following the signing of this agreement.

       9.     MXAW agree to complete its consolidated annual audit (including
the audit of the Subsidiaries) and to file its annual Form 10K by the 15th of
May.

       10.    The Acquisition is subject to a formal agreement to be concluded
before 31 May 2007.



Above terms and conditions are agreed between the parties.

Maximum Awards Inc.




By: ________________________________    Witness ________________________________



Plays on the net Plc.




By: ________________________________    Witness ________________________________


</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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