Document:

Exhibit
      10.34

    

    RESIGNATION
      AGREEMENT

    

    THIS
      RESIGNATION AGREEMENT
      (this
“Agreement”) is made this 17th day of August, 2008 by and between IVAN TUMANOV,
      residing at __________________, New York, New York (“Ivan”) and MAGNITUDE
      INFORMATION SYSTEMS, INC., a Delaware corporation, having its principal offices
      at 1250 Route 28, Branchburg, New Jersey 08876 (the “Company”).

    

    BACKGROUND:

    

    WHEREAS,
      Ivan has an Employment Agreement, dated August 16, 2007, with the Company (the
      “Employment Agreement’); and 

    

    WHEREAS,
      Ivan was and is a party (together with the Company, Lin Dai, Michael Howard
      and
      Kiwibox Media, Inc.) to a certain Agreement and Plan of Reorganization, dated
      February 19, 2007 and the six (6) amendments thereto (collectively, the
“Acquisition Agreement”); and 

    

    WHEREAS,
      Ivan has decided to pursue other opportunities and has negotiated with the
      Company to terminate the Employment Agreement and the Acquisition Agreement
      as
      it or they relate to Ivan and the Company pursuant to the terms and provisions
      of this Agreement.

    

    NOW,
      THEREFORE, based upon the mutual premises and promises made by the parties
      to
      each 

    other,
      and for other good and valuable consideration, the sufficiency of which the
      parties hereby 

    acknowledge,
      it is agreed as follows:

    

        1.    Termination
      of Employment Agreement.
      Ivan and
      the Company agree to terminate the Employment Agreement, including without
      limitation, any and all rights, entitlements, benefits, salaries, bonuses,
      duties, obligations, Company securities issuable thereunder as well as any
      claims that have arisen or may arise thereunder against or for the benefit
      of
      either Ivan or the Company; Ivan and the Company, therefore, mutually agree
      that
      the Employment Agreement shall be deemed canceled and terminated and of no
      longer any legal force or effect as of the date of this Agreement.

     

        2.    Termination
      of Acquisition Agreement.
      Ivan and
      the Company agree to terminate the Acquisition Agreement as it relates to each
      of Ivan and the Company, including without limitation, any and all rights,
      entitlements, benefits, salaries, bonuses, duties, obligations, Company
      securities issuable thereunder as well as any claims that have arisen or may
      arise thereunder against or for the benefit of either Ivan or the Company;
      Ivan
      and the Company, therefore, mutually agree that the Acquisition Agreement shall
      be deemed canceled and terminated and of no longer any legal force or effect
      as
      of the date of this Agreement.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

        3.     Purchase
      of Ivan’s Company Stock.
      As
      partial consideration for Ivan’s agreement to terminate the Employment Agreement
      and the Acquisition Agreement, the Company shall cause the purchase of Ivan’s
      securities, identified below, simultaneous with the execution and delivery
      of
      this Agreement; the Company shall cause a payment in the amount of Two Hundred
      Seventy-Five Thousand ($275,000) Dollars to be made to Ivan, either by delivery
      of a bank draft or certified check or by wire transfer into Ivan’s bank account
      on the date this Agreement is executed and delivered; in consideration of this
      payment, Ivan shall deliver to the Company certain of his Company shares, to
      wit, Certificate No. 2571, representing 9,638,213 Company common shares,
      Certificate No. CPG-02, representing 11,640 shares of the Company’s Series G
      Preferred Stock, certain “reset” Company shares, Certificate No. P2681,
      representing 6,590,231 Company common shares, and certain “penalty” Company
      shares, Certificate No. P2680, representing 3,520,000 Company Common Shares,
      Company common stock purchase option for 7,500,000 shares and Performance Common
      Stock Purchase Option for 3,000,000 shares, together with duly executed stock
      powers. 

     

        4.     Mutual
      Releases. Except
      for the promises made in this Agreement, the Company and Ivan hereby mutually
      release each other forever, their respective heirs, executors, administrators,
      directors, officers, employees and agents, from and against any claims of any
      nature whatsoever, that may have arose or that may arise out of or in connection
      with (i) any document, including without limitation the Employment Agreement
      and
      the Acquisition Agreement, as well as (ii) any set of facts or circumstances
      that may have arose or that may arise out of any facts or circumstances existing
      prior to the execution and delivery of this Agreement.

    

         5.1     Confidential
      Information.
      Ivan
      shall
      not, in any manner, for any reasons, either directly or indirectly, divulge
      or
      communicate to any person, firm or corporation, any confidential information
      concerning any matters not generally known in the website industry (the "Website
      Industry") or otherwise made public by the Company which affects or relates
      to
      the Company’s business, finances, marketing and/or operations, research,
      development, inventions, products, designs, plans, procedures, or other data
      (collectively, "Confidential Information") except in the ordinary course of
      business or as required by applicable law. For
      all
      purposes of this Article 5.1, Confidential Information shall include the
      methodologies developed by Ivan, alone or with others, during Ivan’s association
      and employment with the Kiwibox business, including (i) the “Collaborative
      Editorial and Content Management System”, (ii) the Multi-Level Permission/Jobs
      based administrative tools; (iii) the Points and Prizes Loyalty Rewards and
      Fulfillment Systems, and; (iv) any portion of the Kiwibox code and database.
      Without
      regard to whether any item of Confidential Information is deemed or considered
      confidential, material, or important, the parties hereto stipulate that as
      between them, to the extent such item is not generally known in the Website
      Industry, such item is important, material, and confidential and affects the
      successful conduct of Employer's business and goodwill, and that any breach
      of
      the terms of this Section 5.1 shall be a material and incurable breach of this
      Agreement. Confidential Information shall not include: information in the public
      domain other than because of a breach of this Agreement.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

        5.2     Inventions
      and Intellectual Property.
      All
      ideas, inventions, and other developments or improvements conceived or reduced
      to practice by Ivan, alone or with others, prior to the date of this Agreement,
      whether or not during working hours, that were within the scope of the business
      of the Company or that relate to or result from any of Company's work or
      projects or the services provided by Ivan to the Company pursuant to the
      Employment Agreement, shall be the exclusive property of the Company.

    

        6.1     No
      Competitive Activities.
      During
      the two (2) year period following the date of this Agreement, Ivan shall not
      engage in any activates that are competitive with the business of the Company,
      including without limitation, (a)engaging directly or indirectly in any social
      networking website or online website magazine, with a teen-targeted demographic;
      (b) soliciting or taking away any executive, employee, agent, representative,
      contractor, supplier, vendor, customer, franchisee, lender or investor of the
      Company, or attempting to so solicit or take away; (c) interfering with any
      contractual or other relationship between the Company and any executive,
      employee, agent, representative, contractor, supplier, vendor, customer,
      franchisee, lender or investor; or (d) using, for the benefit of any person
      or
      entity other than the Company any Confidential Information of the Company.
      The
      items
      and projects set forth in Exhibit A of Ivan’s Employment Agreement are expressly
      and specifically excluded from this limitation.

    

        6.2     No
      Negative Statements. During
      the two-year period following the date of this Agreement, neither Ivan nor
      the
      Company shall make or permit the making of any negative statement of any kind
      concerning the Company or its affiliates, or their respective directors,
      officers or agents or Ivan.

    

        7.     
Survival
      of Promises.
      Except
      as otherwise provided, the Company and Ivan agree that their respective
      promises, as the case may be, made in provisions of Articles 4, 5.1, 5.2, 6.1,
      6.2, 7 and 8 shall survive the execution and delivery of this Agreement and
      continue for a period of two (2) years following the date hereof, and shall
      remain in full force and effect during such period.

     

        8.     
Injunctive
      Relief.
      Ivan
      acknowledges and agrees that his promises made in Articles 4, 5.1, 5.2, 6.1,
      6.2, 7, and 8 with respect to confidentiality, property ownership,
      non-competition and non-solicitation, (I) relate to special, unique and
      extraordinary matters and that a violation of any of the terms of such covenants
      and obligations will cause the Company irreparable injury for which adequate
      remedies are not available at law, and; (ii) represent a material part of the
      consideration the Company is relying upon to execute, deliver and perform this
      Agreement. Therefore, Ivan agrees that if he breaches one or more of his
      promises that the Company shall be entitled to apply for an injunction,
      restraining order or such other equitable relief as a court of competent
      jurisdiction as limited by Article 13 may deem necessary or appropriate to
      restrain Ivan from committing any violation of his promises referred to in
      this
      Article 8. Ivan shall have the right to appeal from such injunction or order
      and
      to seek reconsideration. These injunctive remedies are cumulative and in
      addition to any other rights and remedies the Company may have at law or in
      equity.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

        9.     Term. 
      The term
      of this Agreement shall commence upon the date hereof and terminate upon the
      second anniversary date of this Agreement. 

    

        10.    Ivan
      Acknowledgments.
      Ivan
      hereby acknowledges that he is selling the Company securities for the
      consideration as identified herein; that he is fully familiar with all of the
      Company’s published annual, quarterly and current reports filed with the U.S.
      Securities and Exchange Commission (the “SEC”). Ivan acknowledges that the
      Company has made no representation as to the value, if any, of its securities
      or
      of Ivan’s securities that he is selling pursuant to the terms of this Agreement,
      and; that he has negotiated the consideration to be paid to him in an arm’s
      length transaction; that he has had the advice of independent counsel in
      connection with the review and negotiation of the terms of this Agreement,
      and;
      that he hereby waives any and all applicable notice and waiting periods that
      may
      be required under state or federal law covering employee rights and/or employer
      obligations.

     

        11.     General
      Provisions.
      No
      failure by either party to declare a default based on any breach by the other
      party of any provisions of this Agreement, nor failure of such party to act
      quickly with regard thereto, shall be considered to be a waiver of any such
      breach, or of any future breach.

    

        12.     Modification.
      No
      waiver or modification of this Agreement or of any covenant, condition, or
      limitation herein contained shall be valid unless in writing and duly executed
      by the parties to be charged therewith.

    

        13.     Submission
      to Jurisdiction; Consent to Service of Process. This
      Agreement shall be governed in all respects, by the laws of the State of New
      York, including validity, interpretation and effect, without regard to
      principles of conflicts of law. The parties hereto irrevocably and
      unconditionally consent to submit to the exclusive jurisdiction of the state
      and
      federal courts in the State of New Jersey or in the State of New York for any
      lawsuits, actions or other proceedings arising out of or related to this
      Agreement and agree not to commence any lawsuit, action or other proceeding
      except in such courts. The parties hereto further agree that service of process,
      summons, notice or document by mail to their addresses set forth above shall
      be
      effective service of process for any lawsuit, action or other proceeding brought
      against them in any such court. The parties hereto irrevocably and
      unconditionally waive any objection to the laying of venue of any lawsuit,
      action or other proceeding arising out of or related to this Agreement in such
      courts, and hereby further irrevocably and unconditionally waive and agree
      not
      to plead or claim in any such court that any such lawsuit, action or proceeding
      brought in any such court has been brought in an inconvenient
      forum.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

        14.    
Entire
      Agreement.
      This
      Agreement embodies the whole agreement between the parties hereto regarding
      the
      subject matter hereof and there are no inducements, promises, terms, conditions,
      or obligations made or entered into by Employer or Executive other than
      contained herein.

     

        15.     Severability.
      In the
      event a court of competent jurisdiction determines that a term or provisions
      contained in this Agreement is overly broad in scope, time geographical location
      or otherwise, the parties hereto authorize such Court to modify and reduce
      any
      such term or provision deemed overly broad in scope, time, geographic location
      or otherwise so that it complies with then applicable law.

     

        16.     Headings.
      The
      headings contained herein are for the convenience of reference and are not
      to be
      used in interpreting this Agreement.

    

        17.     Independent
      Legal Advice.
      Ivan
      hereby acknowledges that he has obtained legal advice concerning this Agreement.
      

    

        18.    
No
      Assignment.
      No party
      may pledge or encumber its respective interests in this Agreement nor assign
      any
      of its rights or duties under this Agreement without the prior written consent
      of the other party.

    

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

     

    
      	 	 	 
	 	MAGNITUDE
              INFORMATION SYSTEMS, INC. 
	 
 	 
 	 
 
	 	By:  	/s/ Rudolf
              Hauke
	 	
              
Rudolf
              Hauke, President and CEO
	 	Title 
	 	 
	 	 
	 	/s/ Ivan Tumanov
	 	
              

              Ivan Tumanov, IndividualExhibit
      10.35

    Magnitude
      Information Systems, Inc.

    1250
      Route 28, Suite 309

    Branchburg,
      New Jersey 08876

    

    August
      17, 2008

    

    Mr.
      Ivan
      Tumanov

    ______________

    ______________

    

    

    Dear
      Mr.
      Tumanov:

    

    This
      letter shall serve as an Engagement Agreement (the “Agreement”) pursuant to
      which Magnitude Information Systems, Inc. (the '"Company", “we” or “us”) engages
      Ivan Tumanov (''Consultant") to render specified consulting services to the
      Company. 

    

    1.
      Engagement: The Company hereby engages Consultant, and Consultant agrees to
      assist the Company on the following subjects: (A) the Company’s software and
      hardware assets; (B) the Company’s operations, both historical and prospective;
      (C) the Company’s business and expansion plans, and; (D) the Company’s potential
      strategic partners, acquisition opportunities and joint venture partners for
      the
      Company’s social teen networking website business. Consultant shall report
      directly to the President and Chief Executive Officer of the Company and with
      certain members of management, pre-approved by the President and Chief Executive
      Officer. Consultant will provide such assistance and to such extent as
      specifically requested in writing by the Company.

    

    2.
      Term:
      This Agreement shall commence on the date hereof, and shall continue for a
      six
      (6) month period (the "Term"). The Company can terminate this Agreement, under
      certain circumstances for Cause, with 30-days written notice. Termination for
      "Cause" shall mean termination of this Agreement because Consultant (a) has
      engaged in fraudulent or criminal conduct in connection with the performance
      of
      his duties hereunder which conduct materially and adversely affects the Company,
      (b) admits to or has been convicted of a crime punishable by imprisonment for
      more than one year, (c) has been disloyal to the Company by assisting
      competitors of the Company or their associates to the disadvantage of the
      Company by a breach of Section 7 or by otherwise actively assisting competitors
      to the disadvantage of the Company.

    

    3.
      Compensation: In consideration of the Consultant’s agreement to render the
      services set forth herein and his commitment to provide such services, the
      Company shall pay Consultant a monthly consulting fee of $12,500 for each month
      of the Term, payable at the end of each such month. Consultant need not issue
      any invoice or other demand for payment, it being an affirmative obligation
      of
      the Company to pay Consultant in a timely manner.

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    4.
      Assignment: Consultant may not assign any of its rights, duties or obligations
      under this Agreement without the prior written consent of the
      Company.

    

    5.
      Consultant Representations: Consultant agrees and represents: (a) that he is
      an
      independent contractor and not an employee or agent of the Company and that
      in
      acting pursuant to this engagement he will not legally bind or obligate the
      Company in any manner whatsoever; and (b) that the execution and delivery of
      its
      performance under this Agreement shall not violate or breech any agreement,
      contract or obligation currently in existence between the Consultant and any
      third party. 

    

    6.
      Reimbursement of Expenses. The Company will reimburse Consultant for all
      pre-approved, reasonable, ordinary and necessary business expenses incurred
      by
      him in the fulfillment of his duties hereunder upon presentation of an itemized
      account of such expenditures, in accordance with Company practices and pertinent
      IRS regulations.

    

    7.
      Confidentiality and Non-Compete: Except as contemplated by the terms hereof
      or
      as required by applicable law, Consultant shall keep confidential during the
      Term and thereafter all non-public information provided to Consultant by the
      Company, and shall not disclose such information to any third party, and shall
      not use any such information for any purpose other than the purpose of
      performing Consultant’s services for the Company as herein contemplated. In
      addition, Consultant hereby agrees that during the Term of this Agreement and
      for a period of twenty-four months thereafter, he shall
      not
      engage in any activates that are competitive with the business of the Company,
      including without limitation, (a)engaging directly or indirectly in any social
      networking website or online website magazine, with a teen-targeted
      demographic;
      (b)
      soliciting or taking away any executive, employee, agent, representative,
      contractor, supplier, vendor, customer, franchisee, lender or investor of the
      Company, or attempting to so solicit or take away; (c) interfering with any
      contractual or other relationship between the Company and any executive,
      employee, agent, representative, contractor, supplier, vendor, customer,
      franchisee, lender or investor; or (d) using, for the benefit of any person
      or
      entity other than the Company any Confidential Information of the Company.
      The
      items and projects set forth in Exhibit A of Ivan’s Employment Agreement are
      expressly and specifically excluded from this limitation.

    

    8.
      Agreement: This Agreement may not be amended or modified except in writing
      and
      shall be deemed to have been made and delivered in the State of New York, and
      this letter and the transactions contemplated hereby shall be governed as to
      validity, interpretation, construction, effect, and in all other respects by
      the
      internal laws of the State of New York. Any legal action or proceeding arising
      out of or relating to this Agreement and/or the transactions contemplated hereby
      shall be instituted exclusively in either the Supreme Court, New York County,
      State of New York or in the United States District Court for the Southern
      District of New York, and the parties hereby expressly submit to the personal
      jurisdiction of said courts. Consultant acknowledges that a material part of
      the
      consideration upon which the Company is relying to enter into this Agreement
      is
      the Consultant’s promises made in Paragraph 7 and that if Consultant breached
      such promise or promises the Company would suffer immediate and irreparable
      harm
      of a unique nature that could not be determined in liquidated damages.
      Accordingly, Consultant agrees that in the event he breaches or threatens to
      breach any of these promises the Company may obtain an injunction against any
      such breach or threat of breach in any one of the above identified New York
      courts. 

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    9.
      Complete Agreement; Survival: This Agreement supercedes and replaces any and
      all
      prior consulting agreements, oral or written, between the parties, except,
      however, that certain Resignation Agreement, dated the date hereof.

    

    The
      parties hereby agree that their promises made in Paragraphs 7, 8 and 10 shall
      survive any termination of this Agreement.

    

    10.
      Indemnification. The Consultant and the Company hereby agree to defend one
      another and to indemnify each other from and against any liability of any nature
      whatsoever that may arise out of or as a result of any material
      misrepresentations or omissions made in connection with the services rendered
      under the terms of this Agreement made by either the Consultant or the Company,
      as the case may be (the “Indemnifying Party”). By this indemnification, the
      Indemnifying Party shall pay, on demand, to the other party (the “Indemnified
      Party”) any and all costs, expenses, judgments, fines, including reasonable
      attorney’s fees, incurred during any administrative proceeding or legal process
      instituted against either the Company or the Consultant whose material
      allegations include a claim or claims that the Indemnifying Party made a
      material misrepresentation or omission in connection with the conduct of the
      services rendered under this Agreement. 

    

    If
      the
      foregoing correctly sets forth the understanding and agreements between the
      Company and Consultant, Consultant shall indicate so by signing in the space
      provided for that purpose below, whereupon this letter shall constitute a
      binding agreement as of the date first above written.

     

    This
      agreement is subject to approval by the Company's Board of Directors.

    
 

    Magnitude
      Information Systems, Inc.

     

    
      	 	 	 	 
	By:
/s/
              Rudolf Hauk	 	 	 
	
              
                
Rudolf
                Hauke, President and CEO

            	 	 	
            

    
      	 	 	 
	 	 	
              Agreed
                to:

              Consultant:
                

            
	 
 	 
 	 
 
	 	  	/s/ Ivan
              Tumanov 
	 	
              
Ivan
              Tumanov

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