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<META NAME="author" CONTENT="&nbsp;Gregory M. Wilson">
<META NAME="date" CONTENT="11/05/2004">
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<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>U.S. Securities and Exchange Commission</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>Washington, D.C. 20549</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=center><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><B>FORM S-8</B></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=center><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>Registration Statement</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>Under the Securities Act of 1933</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=center><BR></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=center><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><U>T-BAY HOLDINGS, INC.</U></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>&nbsp;(Exact Name of Registrant as specified in charter)</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=center><BR></P>
<P style="margin:0pt; padding-left:180pt; text-indent:-180pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><U>Nevada</U> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>33-37099S</U> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>91-1465664</U></P>
<P style="margin:0pt; padding-left:180pt; text-indent:-180pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>(State of Incorporation) &nbsp;(SEC File Number) &nbsp;&nbsp;&nbsp;(IRS Employer I.D. No.)</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=center><BR></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=center><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><U>22 East State St., Eagle, Idaho 83616____</U></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>(Address of principal executive offices)</P>
<P style="margin:0pt; padding-left:108pt; font-family:Times New Roman; font-size:12pt" align=center><BR></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=center><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>LEGAL SERVICES PLAN</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=center><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>(Full Title of the Plan)</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=center><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>Larry Eastland</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>T-Bay Holdings, Inc.</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>22 East State St.</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>Eagle, ID 836165</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=center><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>(Name and Address of agent for Service</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=center><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>(208) 342-8888</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=center><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>(Telephone number, including area code for agent for service)</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=center><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>CALCULATION OF REGISTRATION FEE</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=center><BR></P>
<TABLE style="font-size:10pt" cellspacing=0><TR><TD valign=top width=144>&nbsp;</TD><TD style="border-top:0.25pt solid #000000; border-bottom:0.25pt solid #000000" valign=top width=84><P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=center><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>Title of</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>securities</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>to be</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><U>registered</U></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>Common $.001 par value</P>
</TD><TD style="border-top:0.25pt solid #000000; border-bottom:0.25pt solid #000000" valign=top width=48>&nbsp;</TD><TD style="border-top:0.25pt solid #000000; border-bottom:0.25pt solid #000000" valign=top width=88.6><P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=center><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>(1)</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>Securities</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>to be</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><U>registered</U></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>1,000,000</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>shares</P>
</TD><TD style="border-top:0.25pt solid #000000; border-bottom:0.25pt solid #000000" valign=top width=48>&nbsp;</TD><TD style="border-top:0.25pt solid #000000; border-bottom:0.25pt solid #000000" valign=top width=85.333><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>Proposed</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>maximum</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>offering</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>price per</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><U>share</U> (2)</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>$0.05</P>
</TD><TD style="border-top:0.25pt solid #000000; border-bottom:0.25pt solid #000000" valign=top width=48>&nbsp;</TD><TD style="border-top:0.25pt solid #000000; border-bottom:0.25pt solid #000000" valign=top width=87.267><P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>Proposed</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>maximum</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>aggregate</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>offering</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><U>price (2)</U></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>$50,000</P>
</TD><TD style="border-top:0.25pt solid #000000; border-bottom:0.25pt solid #000000" valign=top width=38.667>&nbsp;</TD><TD style="border-top:0.25pt solid #000000; border-bottom:0.25pt solid #000000" valign=top width=95.6><P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=center><BR></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=center><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>Amount of</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>Registration</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><U>Fee</U> (3)</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>$6.34</P>
</TD></TR>
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<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>(1) Includes an indeterminate number of additional shares which may be issued pursuant to the above plan as a result of any future stock split, stock dividend, or similar adjustment.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>(2) Estimated pursuant to Rule 457(c) solely for purposes of calculating the amount of the registration fee, based upon the bid price reported on November 4, 2004 by the NASD OTC Bulletin Board. &nbsp;There is no ask quote available at the time of this fee pricing.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>&nbsp;</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><U>EXPLANATORY NOTE</U></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=center><BR></P>
<P style="margin:0pt; text-indent:36pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>In accordance with the instructional Note to Part I of Form S-8 as promulgated by the Securities and Exchange Commission, the information specified in Part I of Form S-8 has been omitted from this Registration Statement on Form S-8 for offers of Common Stock pursuant to the Plan.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=center><BR></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=center><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center><U>PART II</U></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin-top:0pt; margin-bottom:-14pt; padding-left:72pt; text-indent:-72pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>Item 3.</P>
<P style="margin:0pt; padding-left:72pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>INCORPORATION OF DOCUMENTS BY REFERENCE</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; text-indent:36pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>The following documents, which are on file with the Securities and Exchange Commission (the <FONT FACE="WP TypographicSymbols">A</FONT>Commission<FONT FACE="WP TypographicSymbols">@</FONT>), are incorporated in this registration statement by reference:</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin-top:0pt; margin-bottom:-14pt; padding-left:72pt; text-indent:-36pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>(a)</P>
<P style="margin:0pt; padding-left:72pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>All reports filed pursuant to Section 13(a) or 15(d) of the Exchange Act, including but not limited to the Company<FONT FACE="WP TypographicSymbols">=</FONT>s Annual Report on Form 10-KSB for the year ending December 31, 2003, 10-QSB for the periods ending March 31 and June 30, 2004.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In addition, &nbsp;all documents &nbsp;subsequently filed pursuant to Sections 13(a),</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>13(c), 14 and 15(d) of the Securities &nbsp;Exchange Act of 1934, prior to the filing of a post-effective amendment to the registration statement which indicates that all of the shares of common stock offered have been sold or which de-registers all of the shares then remaining unsold, will be deemed to be incorporated by reference in the registration statement and to be a part hereof from the date of filing of the documents. &nbsp;Any statement contained in a document incorporated or superseded for purposes of this registration statement, to the extent that a statement contained herein or in any other subsequently filed document which also is or is deemed to be incorporated by reference herein modifies or supersedes such statement. &nbsp;Any such statement so modified or superseded will not be deemed, except as so modified or superseded, to constitute a part of this registration statement.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>Item 4. DESCRIPTION OF SECURITIES</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; text-indent:36pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>Not applicable, the class of securities to be offered is registered under Section 12 of the Securities Exchange Act of 1934.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>Item 5. INTERESTS OF NAMED EXPERTS AND COUNSEL.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; text-indent:36pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>Certain legal matters in connection with this registration statement will be passed upon for T-Bay Holdings, Inc. by Wilson Law Offices. Wilson is a shareholder of the registrant. This plan registers shares which will be issued for legal services rendered to the company in the future.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>Item 6. INDEMNIFICATION OF OFFICERS AND DIRECTORS.</P>
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<P style="page-break-before:always; margin:0pt; text-indent:36pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>Sections 78.751 and 78.752 &nbsp;of the &nbsp;Nevada &nbsp;General &nbsp;Corporation &nbsp;Law authorize a &nbsp;corporation &nbsp;to indemnify its directors, &nbsp;officers, &nbsp;employees, &nbsp;or agents in terms sufficiently broad to permit such indemnification under certain circumstances for liabilities (including &nbsp;provisions &nbsp;permitting advances for expenses incurred) arising under the 1933 Act. &nbsp;</P>
<P style="margin:0pt; text-indent:36pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; text-indent:36pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>Insofar as indemnification for liabilities arising under the Securities Act of 1933 (the <FONT FACE="WP TypographicSymbols">A</FONT>Act<FONT FACE="WP TypographicSymbols">@</FONT>) may be permitted to directors, officers, or persons controlling the Company pursuant to the foregoing provisions, the Company believes that in the opinion of the Securities and Exchange Commission, such indemnification is against public policy as expressed in the Act and is therefore unenforceable.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>Item 7. EXEMPTION FROM REGISTRATION CLAIMED.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not Applicable.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>Item 8. EXHIBITS.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; text-indent:36pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>The following documents are incorporated by reference from the Company<FONT FACE="WP TypographicSymbols">=</FONT>s Periodic Report filings, SEC File # 33-37099S, as filed with the Securities &amp; Exchange Commission.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin-top:0pt; margin-bottom:-14pt; padding-left:144pt; text-indent:-144pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>Exhibit Number</P>
<P style="margin:0pt; padding-left:144pt; text-indent:36pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>Description</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin-top:0pt; margin-bottom:-14pt; padding-left:144pt; text-indent:-108pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>&nbsp;(5.0)</P>
<P style="margin:0pt; padding-left:144pt; text-indent:36pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>Opinion of Counsel and consent regarding the legality of the securities registered under this Registration Statement</P>
<P style="margin-top:0pt; margin-bottom:-14pt; padding-left:144pt; text-indent:-108pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>&nbsp;(23.0)</P>
<P style="margin:0pt; padding-left:144pt; text-indent:36pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>Consent of Independent Certifying Public Accountant</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>Item 9. UNDERTAKINGS.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The undersigned registrant hereby undertakes:</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) To file, &nbsp;during &nbsp;any &nbsp;period in which &nbsp;offers &nbsp;and sales are being made, a post-effective &nbsp;amendment to this registration &nbsp;statement to include any material &nbsp;information &nbsp;with respect to the plan of &nbsp;distribution &nbsp;not previously</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>disclosed &nbsp;in &nbsp;the &nbsp;registration &nbsp;statement &nbsp;or &nbsp;any &nbsp;material &nbsp;change &nbsp;to &nbsp;such information in the registration statement.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) That, &nbsp;for the &nbsp;purpose &nbsp;of &nbsp;determining &nbsp;any &nbsp;liability &nbsp;under the Securities Act of 1933, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such &nbsp;securities at that time shall be deemed to be the initial bona fide offering thereof.</P>
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<P style="page-break-before:always; margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) To remove from registration by means of a post-effective &nbsp;amendment any of the securities being registered which remain unsold at the termination of the offering.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) &nbsp;That, &nbsp;for &nbsp;purposes &nbsp;of &nbsp;determining &nbsp;&nbsp;any &nbsp;liability &nbsp;under &nbsp;the Securities Act of 1933, each filing of the &nbsp;registrant's &nbsp;annual report pursuant to Section 13(a) or Section 15(d) of the &nbsp;Securities &nbsp;Exchange Act of 1934 (and,</P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>where &nbsp;applicable, &nbsp;each &nbsp;filing of an employee &nbsp;benefit &nbsp;plan's &nbsp;annual &nbsp;report pursuant &nbsp;to &nbsp;Section &nbsp;15(d) of the &nbsp;Securities &nbsp;Exchange &nbsp;Act of 1934) &nbsp;that is incorporated by reference in the registration &nbsp;statement shall be deemed to be a new registration &nbsp;statement relating to the securities offered therein, &nbsp;and the offering of such &nbsp;securities at that time shall be deemed to be the initial bona fide offering thereof.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5) Insofar as indemnification for liabilities under the Securities Act of 1933 may be permitted to directors, &nbsp;officers and controlling &nbsp;persons of the registrant pursuant to the foregoing &nbsp;provisions, &nbsp;or otherwise, &nbsp;the registrant has been advised that in the opinion of the Securities &nbsp;and Exchange &nbsp;Commission such &nbsp;indemnification &nbsp;is against public policy as expressed in the Act, and is, therefore, &nbsp;unenforceable. In the event that a claim for indemnification against such liabilities &nbsp;(other than the payment by the registrant of expenses incurred or paid by a director, &nbsp;officer or &nbsp;controlling &nbsp;person of the registrant in the successful &nbsp;defense of any &nbsp;action, &nbsp;suit or &nbsp;proceeding) &nbsp;is &nbsp;asserted &nbsp;by such director, &nbsp;officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been &nbsp;settled by &nbsp;controlling &nbsp;precedent, &nbsp;submit to a court of &nbsp;appropriate jurisdiction the question whether such &nbsp;indemnification &nbsp;by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=center>SIGNATURES</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; text-indent:36pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all the requirements for filing on Form S-8 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>Dated: November 5, 2004</P>
<P style="margin:0pt; text-indent:216pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>T-BAY HOLDINGS, INC.</P>
<P style="margin:0pt; text-indent:216pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>a Nevada corporation</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; text-indent:216pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify><U>/s/ Larry Eastland</U></P>
<P style="margin:0pt; padding-left:180pt; text-indent:36pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>Larry Eastland</P>
<P style="margin:0pt; text-indent:216pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>President,</P>
<P style="margin:0pt; text-indent:216pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>Director</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>Pursuant to the requirements of the Securities Act of 1933, this report has been signed below by the &nbsp;following &nbsp;persons on behalf of the Company and in the capacities and on the dates indicated.</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin-top:0pt; margin-bottom:-14pt; padding-left:144pt; text-indent:-144pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>Date: November 5, 2004 &nbsp;&nbsp;</P>
<P style="margin:0pt; padding-left:144pt; line-height:14pt; font-family:Times New Roman; font-size:12pt" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
<P style="margin:0pt; padding-left:144pt; text-indent:-144pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; padding-left:144pt; text-indent:-144pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<P style="margin:0pt; text-indent:216pt; line-height:14pt; font-family:Times New Roman; font-size:12pt"><U>/s/ Larry Eastland</U></P>
<P style="margin:0pt; text-indent:216pt; line-height:14pt; font-family:Times New Roman; font-size:12pt">Larry Eastland, Director</P>
<P style="margin:0pt; font-family:Times New Roman; font-size:12pt" align=justify><BR></P>
<BR>
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U
U.S. Securities and Exchange Commission
Washington, D.C. 20549
FORM S-8
Registration Statement
Under the Securities Act of 1933
T-BAY HOLDINGS, INC.
(Exact Name of Registrant as specified in charter)
Nevada
33-37099S
91-1465664
(State of Incorporation)  (SEC File Number)    (IRS Employer I.D. No.)
22 East State St., Eagle, Idaho 83616____
(Address of principal executive offices)
LEGAL SERVICES PLAN
(Full Title of the Plan)
Larry Eastland
T-Bay Holdings, Inc.
22 East State St.
Eagle, ID 836165
(Name and Address of agent for Service
(208) 342-8888
(Telephone number, including area code for agent for service)
CALCULATION OF REGISTRATION FEE
Title of
securities
to be
registered
Common $.001 par value
(1)
Securities
to be
registered
1,000,000
shares
Proposed
maximum
offering
price per
share
(2)
$0.05
Proposed
maximum
aggregate
offering
price (2)
$50,000
Amount of
Registration
Fee
(3)
$6.34
(1) Includes an indeterminate number of additional shares which may be issued pursuant to the above plan as a result of any future stock split, stock dividend, or similar adjustment.
(2) Estimated pursuant to Rule 457(c) solely for purposes of calculating the amount of the registration fee, based upon the bid price reported on November 4, 2004 by the NASD OTC Bulletin Board.  There is no ask quote available at the time of this fee pricing.
EXPLANATORY NOTE
In accordance with the instructional Note to Part I of Form S-8 as promulgated by the Securities and Exchange Commission, the information specified in Part I of Form S-8 has been omitted from this Registration Statement on Form S-8 for offers of Common Stock pursuant to the Plan.
PART II
Item 3.
INCORPORATION OF DOCUMENTS BY REFERENCE
The following documents, which are on file with the Securities and Exchange Commission (the
A
Commission
@
), are incorporated in this registration statement by reference:
(a)
All reports filed pursuant to Section 13(a) or 15(d) of the Exchange Act, including but not limited to the Company
=
s Annual Report on Form 10-KSB for the year ending December 31, 2003, 10-QSB for the periods ending March 31 and June 30, 2004.
In addition,  all documents  subsequently filed pursuant to Sections 13(a),
13(c), 14 and 15(d) of the Securities  Exchange Act of 1934, prior to the filing of a post-effective amendment to the registration statement which indicates that all of the shares of common stock offered have been sold or which de-registers all of the shares then remaining unsold, will be deemed to be incorporated by reference in the registration statement and to be a part hereof from the date of filing of the documents.  Any statement contained in a document incorporated or superseded for purposes of this registration statement, to the extent that a statement contained herein or in any other subsequently filed document which also is or is deemed to be incorporated by reference herein modifies or supersedes such statement.  Any such statement so modified or superseded will not be deemed, except as so modified or superseded, to constitute a part of this registration statement.
Item 4. DESCRIPTION OF SECURITIES
Not applicable, the class of securities to be offered is registered under Section 12 of the Securities Exchange Act of 1934.
Item 5. INTERESTS OF NAMED EXPERTS AND COUNSEL.
Certain legal matters in connection with this registration statement will be passed upon for T-Bay Holdings, Inc. by Wilson Law Offices. Wilson is a shareholder of the registrant. This plan registers shares which will be issued for legal services rendered to the company in the future.
Item 6. INDEMNIFICATION OF OFFICERS AND DIRECTORS.
Sections 78.751 and 78.752  of the  Nevada  General  Corporation  Law authorize a  corporation  to indemnify its directors,  officers,  employees,  or agents in terms sufficiently broad to permit such indemnification under certain circumstances for liabilities (including  provisions  permitting advances for expenses incurred) arising under the 1933 Act.
Insofar as indemnification for liabilities arising under the Securities Act of 1933 (the
A
Act
@
) may be permitted to directors, officers, or persons controlling the Company pursuant to the foregoing provisions, the Company believes that in the opinion of the Securities and Exchange Commission, such indemnification is against public policy as expressed in the Act and is therefore unenforceable.
Item 7. EXEMPTION FROM REGISTRATION CLAIMED.
Not Applicable.
Item 8. EXHIBITS.
The following documents are incorporated by reference from the Company
=
s Periodic Report filings, SEC File # 33-37099S, as filed with the Securities & Exchange Commission.
Exhibit Number
Description
(5.0)
Opinion of Counsel and consent regarding the legality of the securities registered under this Registration Statement
(23.0)
Consent of Independent Certifying Public Accountant
Item 9. UNDERTAKINGS.
The undersigned registrant hereby undertakes:
(1) To file,  during  any  period in which  offers  and sales are being made, a post-effective  amendment to this registration  statement to include any material  information  with respect to the plan of  distribution  not previously
disclosed  in  the  registration  statement  or  any  material  change  to  such information in the registration statement.
(2) That,  for the  purpose  of  determining  any  liability  under the Securities Act of 1933, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such  securities at that time shall be deemed to be the initial bona fide offering thereof.
(3) To remove from registration by means of a post-effective  amendment any of the securities being registered which remain unsold at the termination of the offering.
(4)  That,  for  purposes  of  determining   any  liability  under  the Securities Act of 1933, each filing of the  registrant's  annual report pursuant to Section 13(a) or Section 15(d) of the  Securities  Exchange Act of 1934 (and,
where  applicable,  each  filing of an employee  benefit  plan's  annual  report pursuant  to  Section  15(d) of the  Securities  Exchange  Act of 1934)  that is incorporated by reference in the registration  statement shall be deemed to be a new registration  statement relating to the securities offered therein,  and the offering of such  securities at that time shall be deemed to be the initial bona fide offering thereof.
(5) Insofar as indemnification for liabilities under the Securities Act of 1933 may be permitted to directors,  officers and controlling  persons of the registrant pursuant to the foregoing  provisions,  or otherwise,  the registrant has been advised that in the opinion of the Securities  and Exchange  Commission such  indemnification  is against public policy as expressed in the Act, and is, therefore,  unenforceable. In the event that a claim for indemnification against such liabilities  (other than the payment by the registrant of expenses incurred or paid by a director,  officer or  controlling  person of the registrant in the successful  defense of any  action,  suit or  proceeding)  is  asserted  by such director,  officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been  settled by  controlling  precedent,  submit to a court of  appropriate jurisdiction the question whether such  indemnification  by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all the requirements for filing on Form S-8 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized.
Dated: November 5, 2004
T-BAY HOLDINGS, INC.
a Nevada corporation
/s/ Larry Eastland
Larry Eastland
President,
Director
Pursuant to the requirements of the Securities Act of 1933, this report has been signed below by the  following  persons on behalf of the Company and in the capacities and on the dates indicated.
Date: November 5, 2004
/s/ Larry Eastland
Larry Eastland, Director