Summary of EMAX HOLDINGS CORP

Changes in Control or Registrant, Change in Directors or Principal Officers, F

Item 5.01 Changes in Control of Registrant.

On July 8, 2008, pursuant to a Purchase Agreement (the "Agreement") among Slavoljub Stefanovic (Stefanovic) and E and A Enterprise Trust ("E and A"), and certain security holders of the Registrant (hereinafter such security holders are referred to as the "Shareholders"), the following occurred:

(a) E and A Enterprises Trust sold to Stefanovic 64,000,000 shares of the Registrant's common stock, $.0001 par value (the "Common Stock"), (all of the foregoing, the "Purchased Securities");

(b) Stefanovic paid consideration of $640.00 in cash for the Purchased Securities; and

(c) Roxanna Weber agreed to resign her position as President and Chairman of the Board and retains her position of Secretary and Director of the company.

As a result of the closing of the Agreement, Stefanovic owns approximately fifty seven percent (57.%) of the 251,716,824 outstanding shares of the Freely Trading Common Stock of the Registrant and controls sixty seven percent (67%) of the 1,134,865,364, issued and outstanding shares. Over Six hundred million shares are held in trust by the company for investment interests in several companies. No source of the consideration by Stefanovic to acquire control of the Registrant was a loan made in the ordinary course of business by a bank as defined in Section 3(a)(6) of the Act.

The Exchange Agreement was adopted by the unanimous consent of the Board of Directors of EMAX and approved by the consent of the shareholders of EMAX on June 15, 2008.

The officers and directors of the company change subsequent to the Exchange Agreement. See "Management" below.

1. The capital structure of the company will stay the same and as previously announced the company will not be reverse splitting its shares.

2. The following table sets forth certain information regarding beneficial ownership of the common stock of EMAX WORLDWIDE, INC. as of July 8, 2008:

- each person or entity known to own beneficially more than 5% of the common stock or 5% of the preferred stock;
- each of , EMAX WORLDWIDE, INC.'s directors;
- each of EMAX WORLDWIDE INC's named executive officers; and
- all executive officers and directors of EMAX WORLDWIDE INC. as a group.

                                                                                           Amount & Nature
                                                                                            of Beneficial
     Title of Class       Name and address of Beneficial Owner (1)           %                Ownership
                          Dr. SLAVOLJUB STEFANOVIC (2)
      COMMON STOCK        President and Chairman                                 67.64 %        767,637,218

                          E AND A ENTERPRISES Trust                               .057 %         64,702,149
                          ROXANNA WEBER
                          Secretary and Director                                 .0013 %          1,422,624

                          DORLISS BRIGHT
                          Director                                                .002            2,000,000

Total 67.7% Ownership 835,761,991

- 2 -

1. Except as otherwise set forth, the address for each of these shareholders is c/o EMAX WORLDWIDE, INC. 300 SOUTH 700, Suite B149 Salt Lake City, Utah.

2. Dr. Slavoljub Stefanovic shares he holds in his person name, in his three daughters nameand shares held in trust by the registrant for planned investments, dividends and warrants

Item 5.02 Departure of Directors or Principal Officers; Election of Directors;
Appointment of Principal Officers.
To the knowledge of the Registrant, there are not any arrangements or understandings among members of the former and new control groups and their associates with respect to the election of directors or other matters with respect to the Registrant, except that the aforementioned Agreement provided for the resignations of Roxanna Weber as President of the Registrant. The current directors of the Registrant, Roxanna Weber, Dr. Slavljub Stefanovic and Dorliss Bright will stay the say until the next scheduled vote for officers and directors.

         Board of Directors         Officers
         Dr. Slavoljub Stefanovic   President and Chairman of the Board
         Roxanna Weber              Roxanna Weber, Secretary and Director
         Dorliss Bright             Director

There is currently no arrangement, known to the Registrant, including any pledge by any person of securities of the Registrant or any of its parents, the operation of which may at a subsequent date result in a further change in control of the Registrant. The Registrant shall file with the Securities and Exchange Commission a statement on Schedule 14F reporting the events occurring in connection with the Agreement, and eMax shall file with the Securities and Exchange Commission a statement on Schedule 13D reporting its acquisition of the Purchased Securities.