Document:

EXECUTION
      COPY

     

    AMENDMENT
      NO. 11

     

     

    AMENDMENT
      NO. 11 dated as of April 4, 2007 to the Credit Agreement referred to below,
      between MDC Partners Inc., a Canadian corporation (“MDC Partners”),
      Maxxcom Inc., an Ontario corporation (“Maxxcom Canada”), Maxxcom Inc., a
      Delaware corporation (“Maxxcom U.S.” and together with MDC Partners and
      Maxxcom Canada, the “Borrowers”), each of the Lenders identified under
      the caption “LENDERS” on the signature pages hereto and JPMorgan Chase Bank,
      N.A. (“JPMCB”), as U.S. administrative agent for the Lenders (in such
      capacity, the “U.S. Administrative Agent”).

     

    The
      Borrowers, the Lenders party thereto (individually, a “Lender” and,
      collectively, the “Lenders”), the U.S. Administrative Agent, JPMCB, as
      Collateral Agent (in such capacity, the “Collateral Agent”), and JPMCB,
      Toronto Branch, as Canadian Administrative Agent (in such capacity, the
“Canadian Administrative Agent” and together with the U.S. Administrative
      Agent, the “Administrative Agents”) are parties to a Credit Agreement
      dated as of September 22, 2004 (as amended, the “Credit
      Agreement”).  The Borrowers and the Required Lenders wish to amend the
      Credit Agreement in certain respects, and accordingly, the parties hereto hereby
      agree as follows:

     

    Section
      1.  Definitions.  Capitalized terms used in this Amendment No.
      11 and not otherwise defined are used herein as defined in the Credit
      Agreement.

     

    Section
      2.  Amendments.  Effective as provided in Section 5 hereof, the
      Credit Agreement shall be amended as follows:

     

    2.01. 
      References in the Credit Agreement (including references to the Credit Agreement
      as amended hereby) to “this Agreement” (and indirect references such as
“hereunder”, “hereby”, “herein” and “hereof”) shall be deemed to be references
      to the Credit Agreement as amended hereby.

     

    2.02.  Section
      2.04(a) of the Credit Agreement is hereby amended by
      amending clause (ii) to read in its entirety as follows:

    “(ii) 
      no Letter of Credit shall have an expiration date later than, or shall permit
      the account party or the beneficiary to request the renewal thereof to a date
      beyond, the earlier of (x) the date one year after the issuance thereof and
      (y)
      the date five Business Days prior to the Commitment Termination Date,
provided that any Letter of Credit with a one-year term may provide for
      the renewal thereof for additional one-year periods (which shall in no event
      extend beyond the date referred to in the foregoing subclause (y)).
      Notwithstanding the foregoing, any Collateralized Letter of Credit (as defined
      below) may, with the consent of the Issuing Bank that issued such
      Collateralized Letter of Credit, expire on any date following the date that
      is
      five Business Days prior to the Commitment Termination Date.  As used
      herein, “Collateralized Letter of Credit” means a Letter of Credit that
      has been irrevocably cash collateralized by the Borrower pursuant to
      arrangements satisfactory to the Issuing Bank that issued such Letter of Credit,
      which shall be at least 20 Business Days prior to the Commitment Termination
      Date. Notwithstanding anything to the contrary in this Section, the obligations
      of the Revolving Lenders to acquire participations in Letters of Credit and
      to
      reimburse an Issuing Bank for unreimbursed amount shall terminate with respect
      to any Collateralized Letter of Credit upon the Commitment Termination Date
      and
      any participation held by any Lender in a Collateralized Letter of Credit on
      the
      Commitment Termination Date shall be deemed to have been assigned to the Issuing
      Bank that issued such Collateralized Letter of Credit on the Commitment
      Termination Date.”

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    2.03.  Section 2.06(b)
      of the Credit Agreement is hereby amended by adding at the end thereof the
      following words:

    “Notwithstanding
      the
      foregoing, any fees payable on any Collateralized Letter of Credit may, with
      the
      consent of the Issuing Bank that issued such Collateralized Letter of Credit,
      cease to be payable on any date following the date that is five Business Days
      prior to the Commitment Termination Date.”

    Section
      3.  Representations and Warranties.  Each Borrower represents
      and warrants (as to itself and each of its Subsidiaries) to the Agents and 
Lenders that (a) the representations and warranties set forth in Article V
      of
      the Credit Agreement, as amended hereby, and in each of the other Loan Documents
      are complete and correct on the date hereof as if made on and as of such date
      and as if each reference in said Article V to “this Agreement” included
      reference to this Amendment No. 11 and (b) no Default shall have occurred and
      be
      continuing under the Credit Agreement, as amended hereby.

     

    Section
      4.  Confirmation of Security Documents.  Each of the Borrowers
      hereby confirms and ratifies all of its obligations under the Loan Documents
      to
      which it is a party, including its obligations as a guarantor under
      Article III of the Credit Agreement as amended hereby.  By its
      execution on the respective signature lines provided below, each of the
      Guarantors hereby confirms and ratifies all of its obligations and the Liens
      granted by it under the Security Documents to which it is a party, represents
      and warrants that the representations and warranties set forth in such Security
      Documents are complete and correct on the date hereof as if made on and as
      of
      such date and confirms that all references in such Security Documents to the
      “Credit Agreement” (or words of similar import) refer to the Credit Agreement as
      amended hereby without impairing any such obligations or Liens in any
      respect.

     

    Section
      5.  Conditions Precedent to Effectiveness.  The amendments set
      forth in Section 2 hereof shall become effective, as of the date hereof,
      upon (a) receipt by the U.S. Administrative Agent of one or more counterparts
      of
      this Amendment No. 11 executed by the Obligors, the Issuing Banks and the
      Lenders and (b) evidence that all fees and expenses agreed by MDC Partners
      to be
      payable in connection with this Amendment No. 11 have been paid in full.

     

    Section
      6.  Miscellaneous.  Except as herein provided, the Credit
      Agreement shall remain unchanged and in full force and effect.  This
      Amendment No. 11 may be executed in any number of counterparts, all of which
      taken together shall constitute one and the same agreement and any of the
      parties hereto may execute this Amendment No. 11 by signing any such
      counterpart.  This Amendment No. 11 shall be governed by, and construed in
      accordance with, the law of the State of New York.

     

     

    [remainder
      of page intentionally left blank]

     

    
      
        
        

      

      
        -
          2
          -

        
          

        

      

      
        
        

      

    

     

    IN
      WITNESS WHEREOF, the parties hereto have caused this Amendment No. 11 to be
      duly
      executed and delivered as of the day and year first above written.

     

    
      	 	 	 
	 	
              MDC
                PARTNERS INC.

            
	 
 	 
 	 
 
	 	By:  	 
	 	
              

              Name:

            
	 	Title: 
              Authorized
              Signatory

    

     

    
      	 	 	 
	 	By:  	 
	 	
              

              Name:

            
	 	Title: 
Authorized
              Signatory

    
 

    
      	 	 	 
	 	
              MAXXCOM
                INC., an Ontario corporation

            
	 
 	 
 	 
 
	 	By:  	 
	 	
              

              Name:

            
	 	Title:  
              Authorized
              Signatory

    

    
    

    
      	 	 	 
	 	By:  	 
	 	
              

               

            
	 	Title:   
              Authorized
              Signatory

    
 

    
    

    
      	 	 	 
	 	
              MAXXCOM
                INC., a Delaware corporation

            
	 
 	 
 	 
 
	 	By:  	
               

            
	 	
              

              Name:

            
	 	Title:   Authorized
              Signatory

    

     

      	 	 	 
	 	By:  	 
	 	
              

              Name:

            
	 	Title:  
              Authorized
              Signatory

    

    

     

    
      
        
        

      

      
        -
          3
          -

        
          

        

      

      
        
        

      

       

      
        
          	 	
                  Agreed
                    as set forth in Section 4 above:

                   

                  
                    GUARANTORS

                     

                    1208075
                      ONTARIO LIMITED

                    1220777
                      ONTARIO LIMITED

                    1385544
                      ONTARIO LIMITED

                    2026646
                      ONTARIO LIMITED

                    656712
                      ONTARIO LIMITED 

                    AMBROSE
                      CARR LINTON CARROLL INC.

                    ASHTON
                      POTTER CANADA INC.

                    ASHTON-POTTER
                      CANADA LTD.

                    BRUCE
                      MAU DESIGN INC.

                    BRUCE
                      MAU HOLDINGS LTD.

                    CAMPBELL
                      + PARTNERS COMMUNICATIONS LTD.

                    COMPUTER
                      COMPOSITION OF CANADA INC.

                    HENDERSON
                      BAS

                    MAXXCOM
                      (NOVA SCOTIA) CORP.

                    MAXXCOM
                      INTERACTIVE INC.

                    STUDIOTYPE
                      INC.

                    TREE
                      CITY INC.

                  

                

        

      

       

      
        
        

        	 	 	 
	 	By:  	 
	 	
                

                Name:

              
	 	Title:  
                Authorized
                Signatory

      

       

      
        	 	 	 
	 	By:  	 
	 	
                

                Name:

              
	 	Title:   Authorized
                Signatory

                                                                     

    

    
      
        
        

      

      
        -
          4
          -

        
          

        

      

      
        
        

      

    

    
       

    

    

    
      	 	
              
                ACCENT
                  ACQUISITION CO.

                ACCENT
                  INTERNATIONAL, INC.

                ACCENT
                  MARKETING SERVICES, L.L.C.

                BRATSKEIR
                  & COMPANY, INC.

                CHINNICI
                  DIRECT, INC.

                CMS
                  U.S. HOLDCO, INC.

                COLLE
                  & MCVOY, INC.

                CPB
                  ACQUISITION INC.

                CRISPIN
                  PORTER & BOGUSKY LLC

                DOTGLU
                  LLC

                FLETCHER
                  MARTIN LLC

                FMA
                  ACQUISITION CO.

                HELLO
                  ACQUISITION INC.

                KBP
                  HOLDINGS LLC

                KIRSHENBAUM
                  BOND & PARTNERS LLC

                KIRSHENBAUM
                  BOND & PARTNERS WEST LLC

                LAFAYETTE
                  PRODUCTIONS LLC

                MACKENZIE
                  MARKETING, INC.

                MARGEOTES/FERTITTA
                  + PARTNERS LLC

                MAXXCOM
                  (USA) FINANCE COMPANY

                MAXXCOM
                  (USA) HOLDINGS INC.

                MDC/KBP
                  ACQUISITION INC.

                MF+P
                  ACQUISITION CO.

                MONO
                  ADVERTISING, LLC

                PRO-IMAGE
                  CORPORATION

                SABLE
                  ADVERTISING SYSTEMS, INC.

                SMI
                  ACQUISITION CO.

                SOURCE
                  MARKETING LLC

                TARGETCOM
                  LLC

                VITROROBERTSON
                  LLC

                ZG
                  ACQUISITION INC.

                ZYMAN
                  GROUP, LLC

              

            

    

     

    
      	 	 	 
	 	By:  	 
	 	
              

              Name:
                

            
	 	Title:    Authorized
              Signatory

    

     

    
      	 	 	 
	 	By:  	 
	 	
              

              Name:

            
	 	Title:  
              Authorized
              Signatory

    
 

     

    
      
        
        

      

      
        -
          5
          -

        
          

        

      

      
        
        

      

    

     

    
      	 	 	 
	 	
              LENDERS

            
	 	 
	 	
              JPMORGAN
                CHASE BANK, N.A., individually and as Administrative Agent and as
                U.S.
                Issuing Bank

            
	 
 	 
 	 
 
	 	By:  	 
	 	
              

              Name:

            
	 	Title:  
              

    

    

    
      	 	 	 
	 	
              JPMORGAN
                CHASE BANK, N.A., TORONTO 

            
	 	
              BRANCH

            
	 
 	 
 	 
 
	 	By:  	 
	 	
              

              Name:

            
	 	Title:

    

     

     

    
      
        
        

      

      
        -
          6
          -

        
          

        

      

      
        
        

      

    

     

    
    

    
      	 	 	 
	 	
              BANK
                OF MONTREAL (CHICAGO BRANCH)

            
	 
 	 
 	 
 
	 	By:  	 
	 	
              

              Name:

            
	 	Title:

    

    
      	 	 	 
	 	
              BANK
                OF MONTREAL

            
	 
 	 
 	 
 
	 	By:  	 
	 	
              

              Name:

            
	 	Title:

    

     

     

    
      
        
        

      

      
        -
          7
          -

        
          

        

      

      
        
        

      

    

     

    
      	 	 	 
	 	
              THE
                BANK OF NOVA SCOTIA, by its Atlanta Agency

            
	 
 	 
 	 
 
	 	By:  	 
	 	
              

              Name:

            
	 	Title:

    

     

    
      	 	 	 
	 	
              THE
                BANK OF NOVA SCOTIA

            
	 
 	 
 	 
 
	 	By:  	 
	 	
              

              Name:

            
	 	Title:

    
 

    
      	 	 	 
	 	By:  	 
	 	
              

              Name:

            
	 	Title:

    

     

     

    
      
        
        

      

      
        -
          8
          -

        
          

        

      

      
        
        

      

    

     

    
      	 	 	 
	 	
              TORONTO
                DOMINION (TEXAS) INC.

            
	 
 	 
 	 
 
	 	By:  	 
	 	
              

              Name:

            
	 	Title:

    

     

    
      	 	 	 
	 	
              THE
                TORONTO-DOMINION BANK, individually and as Canadian Issuing
                Bank

            
	 
 	 
 	 
 
	 	By:  	 
	 	
              

              Name:

            
	 	Title:

    
  

     

    
      
        
        

      

      
        -
          9
          -

        
          

        

      

      
        
        

      

    

     

     

    
    

    
      	 	 	 
	 	
              CIBC
                INC.

            
	 
 	 
 	 
 
	 	By:  	 
	 	
              

              Name:

            
	 	Title:

    

     

    
      	 	 	 
	 	
              CANADIAN
                IMPERIAL BANK OF COMMERCE

            
	 
 	 
 	 
 
	 	By:  	 
	 	
              

              Name:

            
	 	Title:

    

     

    
      	 	 	 
	 	By:  	 
	 	
              

              Name:

            
	 	Title:

    

     

     

    
      
        
        

      

      
        -
          10
          -Exhibit 10.26

                  License and Client Software Support Agreement

This agreement ("Agreement"} is entered into this 6th day of April, 2007 by and
between Magnitude Information Systems Inc. and its subsidiary Magnitude Inc.
("Magnitude") with an address at 1250 Route 28, Suite 309, Branchburg, NJ 08876
and Imminent Technologies LLC ("IMT"), with an address at 1711 RT 10 East Suite
10, Morris Plains, NJ 07950.

                              B A C K G R O U N D:

WHEREAS, Magnitude desires to appoint IMT as non-exclusive reseller for the
licensing to end-users, of Magnitude's product line of certain specialized
proprietary software commonly marketed by Magnitude under the ErgoManager label
and derivative software products addressing ergonomic applications (the
"Software"); and

WHEREAS, Magnitude desires to also appoint IMT as the exclusive "Official
Support Services Provider" for Magnitude's ergonomic software product line, to
service current Magnitude customers under service contracts with Magnitude; and

WHEREAS, IMT represents that is has the necessary professional expertise and
knowledge about Magnitude's software products and its clients, and is willing to
accept such appointments.

NOW, THEREFORE, the parties hereto agree on the following:

1.    License

      a.    Grant of License.

            (i)   Subject to the terms and conditions of this Agreement;
                  Magnitude hereby grants to IMT and IMT hereby accepts, a
                  nonexclusive, nontransferable worldwide license (the
                  "License") to market, sell and sublicense for the use of
                  Magnitude's ergonomic software products, including "Ergo-Fun",
                  "Ergo-Coach", "Ergo-Enterprise" and all current
                  versions/derivations of "Ergo-Enterprise" (collectively, the
                  "Product"), at end-user prices, which prices shall be
                  determined exclusively by IMT.

            (ii)  The License granted pursuant to this Agreement includes (a) a
                  license to the Product source code for the sole purpose of
                  developing programmatic fixes and enhancements to the Product
                  and (b) any and all attributes of the Magnitude patent, No.
                  6,065,138, and all intellectual property associated therewith.
<PAGE>

            (iii) Magnitude and IMT acknowledge and agree that:

                  o     This Agreement grants IMT no title or right of ownership
                        in or to the Product or any related proprietary
                        materials and information, or covering Magnitude's
                        patents or trademarks.

                  o     IMT shall not, at any time, take or cause any action
                        which would be inconsistent with or tend to impair the
                        rights of Magnitude in the Software or any related
                        proprietary materials and information, including
                        Magnitude's patents or trademarks.

                  o     Magnitude hereby grants to IMT the right to develop
                        ergonomic products based on and around the Products.

2.    License Fee and Royalty

In consideration for the license granted by Magnitude under this Agreement, IMT
shall pay Magnitude a license fee of $1.00 which Magnitude confirms as having
received, which payment constitutes payment in full for the License. In further
consideration for Magnitude granting it the License described herein, and for
each 12-month period of this Agreement, during which IMT has earned a minimum of
$200,000 in revenues derived from the sale of the Products, IMT agrees to pay to
Magnitude a royalty payment in an amount equal to ten (10%) percent of all gross
revenues earned from the sale of the Products above the aforementioned $200,000.
So that if during the first 12-month period of this Agreement, IMT only earns
$250,000 it shall owe a royalty payment to Magnitude in the amount of $5,000.
Magnitude will have no right to any license fees or royalty payments resulting
from revenues generated by IMT through IMT Products as described in paragraph 5
of this agreement. In the event Magnitude should declare bankruptcy or otherwise
dissolve in the future, IMT's license and right to utilize Magnitude's patent,
as described in paragraph 1 above, shall continue in perpetuity, however IMT's
obligation to pay royalties will cease.

3.    Support Services

Magnitude hereby appoints IMT its exclusive "Official Support Services Provider"
for Magnitude's ergonomic Products; which support services shall include,
providing support services to all Magnitude customers which have support and or
maintenance agreements, subject to the following terms and conditions:

      -     IMT agrees to assume all support services and related expense for
            Magnitude customers listed in Exhibit A commencing retroactively on
            September 1, 2006.

      -     IMT shall be entitled to receive directly or, if received by
            Magnitude, from Magnitude, all support and maintenance
            payments/revenues arising out of support and or maintenance
            agreements for services rendered and payments received after January
            1, 2007;
<PAGE>

      -     IMT shall have the exclusive right to accept or reject any and all
            customer support and or maintenance agreements as they come up for
            renewal;

      -     IMT shall have the right to hire or employ prior employees of
            Magnitude; this right will supersede any prior no-compete or
            non-solicit provisions found within prior Magnitude employment
            agreements;

      -     IMT shall maintain adequate records for all support and maintenance
            activities performed for Magnitude's customers which shall be
            available to Magnitude in electronic format;

      -     IMT shall have the use of the Magnitude voicemail and phone system
            for as long as necessary without interfering with Magnitude's
            business operations;

      -     IMT shall have the right to use the Magnitude website to publish
            support and product information until such time as Magnitude
            develops a different website for its new and future business;

      -     In the event Magnitude applies an "End of Life" procedure to any
            Magnitude customer relationship, IMT shall have, in its sole and
            absolute discretion, the right to provide such customer with its own
            support and maintenance contract; similarly, in the event Magnitude
            decides to apply an "End of Life" protocol to any Magnitude Product,
            it shall only do so in coordination with IMT to achieve clear
            disclosures to the public and to avoid any material disruptions with
            customer services.

      -     Magnitude shall have no further obligation to support any Magnitude
            customer except where expressly required nor shall Magnitude have
            any obligations to pay for any support or maintenance services for
            any Magnitude customer except as expressly set forth in this
            Agreement

      -     Magnitude represents that it has provided to IMT a list of all of
            its customers who have support and maintenance service agreements
            with Magnitude.

      -     Magnitude shall transfer the assets of its testing lab consisting of
            personal computers (Lab PCs) to IMT at no cost to IMT in order to
            assist IMT in providing the customer support to the Magnitude client
            base required under the terms of this Agreement.

4.    Support Services Fees

For support services provided by IMT previously rendered and commencing on
September 1, 2006, and for support agreements IMT agrees to assume (See EXHIBIT
A), and as compensation related to Section 3 above, Magnitude shall (a) pay IMT
the sum of $20,000.00 , payable as follows: (i) $5,000.00 at the time this
Agreement is executed, (ii) $15,000.00 within 90 days from the date of this
Agreement; and (b), issue 150,000 restricted shares of the common stock of
Magnitude Information Systems, Inc., with stock certificates issued in
accordance with the instructions of IMT, deliverable within 60 days from the
date of this Agreement.
<PAGE>

5.    Ownership

IMT and Magnitude agree that Magnitude owns all proprietary rights, including
without limitation, copyright, trade secret and trademark rights, in and to the
Products and other related proprietary materials and information and all
corrections, enhancements, updates and other modifications to the Products. Not
withstanding anything set forth herein to the contrary, providing IMT does not
include Magnitude Product Source code, IMT shall have the right to develop its
own line of ergonomic products, known herein as IMT Products.

6.    Confidential Information

IMT acknowledges that the Products and related proprietary materials and
information relating thereto is the exclusive property of Magnitude (the
"Confidential Information"). During the period this Agreement is in effect and
at all times after its termination, IMT shall be permitted to disclose the
Confidential Information only to its employees and agents ("Employees") having a
need to know such information in connection with the performance of this
Agreement. IMT shall instruct all of its Employees as to their acknowledgement
and agreement to be bound by the terms and conditions of this Agreement prior to
their being given access to the Confidential Information. IMT shall be
responsible for its Employees' compliance with the terms of this agreement. If
disclosure is required by law, however, IMT shall notify Magnitude in writing in
advance of such disclosure, and provide Magnitude with copies of any related
information so that it may take appropriate action to protect the Confidential
Information.

      Notwithstanding the foregoing, Confidential Information shall not include
information, data or materials that:

      (i)   is or becomes generally known to the public not as a result of a
            disclosure by IMT,

      (ii)  is rightfully in the possession of IMT, or

      (iii) is received by IMT in good faith and without restriction from a
            third Party, not under a confidentiality obligation to Magnitude,
            and having the right to make such disclosure. IMT acknowledges that
            the disclosure of Confidential Information may cause irreparable
            injury to Magnitude and damages which may be difficult to ascertain.
            Therefore, Magnitude shall, upon a disclosure or threatened
            disclosure of any Confidential Information be entitled to seek
            injunctive relief, including, but not limited to, a preliminary
            injunction upon an ex parte application to protect and recover the
            Confidential Information, in which event, IMT shall not object to
            the entry of an injunction or other equitable relief against it on
            the basis of an adequate remedy at law, lack of irreparable harm or
            any other reason.
<PAGE>

7.    Warranty

b.    Magnitude warrants that:

      (i)   It has the right and authority to enter into this Agreement and to
            grant the license granted hereunder;

      (ii)  The Product does not infringe the trade secret or copyrights of any
            third party, or, to the best of its knowledge and belief of
            Magnitude, any third party patent.

      (iii) When delivered, the media upon which the Products are provided to
            IMT shall be free from defects in material and workmanship. IMT's
            sole remedy for breach of this warranty shall be replacement of the
            defective media.

c.    THE FOREGOING ARE THE ONLY WARRANTIES CONCERNING THE PRODUCTS AND ARE
      BEING MADE EXPRESSLY IN LIEU OF ALL OTHER WARRANTIES AND REPRESENTATIONS,
      EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO , ANY IMPLIED WARRANTIES
      OF NONINFRINGEMENT, FITNESS FOR A PARTICULAR PURPOSE AND MERCHANTABILITY.

8.    Indemnification

      a.    Magnitude shall indemnify and hold harmless IMT from and against any
            claims, including reasonable legal fees and expenses, based upon
            infringement by the Products of any United States copyright or
            patent. IMT agrees to notify Magnitude of any such claim promptly in
            writing and to allow Magnitude to control the proceedings. IMT
            agrees to cooperate fully with Magnitude during such proceedings.
            Magnitude shall defend and settle at its sole expense all
            proceedings arising out of the foregoing. In the event of such
            infringement, Magnitude may replace, in whole or in part, the
            Software with a substantially compatible and functionally equivalent
            system or modify the Software to avoid the infringement.

      b.    IMT shall indemnify and hold harmless Magnitude from and against any
            and all liability, damage, loss or expense which they, or any of
            them, may sustain or incur in any action brought or claim made by
            any person, organization or governmental entity or agency,
            irrespective of the legal theory on which such action or claim may
            be based, to the extent such liability relates to or such action or
            claim is based on any acts or omissions of IMT, including, without
            limitation, breach by IMT of any of its obligations hereunder.
<PAGE>

9.    No Consequential Damages

Magnitude shall not be liable to IMT for indirect, special, incidental,
exemplary or consequential damages (including, without limitation, lost profits)
related to this Agreement or resulting from IMT's use or inability to use the
Product, arising from any cause of action whatsoever, including contract,
warranty, strict liability, or negligence, even if Magnitude has been notified
of the possibility of such damages.

10.   Limitation on Recovery

Under no circumstances shall the liability of Magnitude to IMT exceed the amount
paid by IMT to Magnitude under this Agreement.

11.   Term and Termination

      a.    Effective Date. This Agreement and the license granted hereunder
            shall take effect on the date first written above and shall be
            effective for one (1) calendar year from such date unless terminated
            as provided in this Agreement. This Agreement shall automatically
            renew by subsequent one year periods unless either party notifies
            the other party in writing no later than 60 days before the
            expiration of the initial or any renewal term of its decision to not
            renew the Agreement.

      b.    Termination. Each party shall have the right to terminate this
            Agreement and the license granted herein in the event the other
            party violates any material provision of this Agreement (an "Event
            of Default").

      c.    Notice and Opportunity to Quit. Upon the occurrence of an Event of
            Default in either party's obligations hereunder, the other party
            shall deliver to the defaulting party a notice of intent to
            terminate that identifies in detail the Event of Default. If the
            Event of Default remains uncured for thirty (30) days, the notifying
            party may terminate this Agreement and the license granted herein by
            delivering to the defaulting party a notice of termination that
            identifies the effective date of the termination, which date shall
            not be less than thirty (30) days after the date of delivery of such
            notice. Upon termination of this Agreement, IMT shall immediately
            cease all use of the Software protocol and return all copies,
            partial and whole, of the Software documentation, including, without
            limitation, all corrections, enhancements and updates to the
            Software documentation and all other materials received, created or
            held under this Agreement, and any and all parts of the Software
            documentation stored by IMT in computer-accessible media or form
            shall be destroyed or rendered inaccessible to users.

12.   Notice

Any notice by one party to the other under this Agreement shall be deemed
delivered upon receipt by the party to whom such notice is sent, or, if later,
three days after such notice has been sent by first class mail, courier or
telecopy with confirmed receipt to the following person and address or such
other person or address as may be notified to the other party in accordance with
this section:
<PAGE>

To Magnitude:      Magnitude Information Systems, Inc.
                   1250 Route 28, Suite 309
                   Branchburg, NJ 08876
                   Telecopy:  (908) 927-0008

To IMT:            Imminent Technologies LLC.
                   1711 RT 10 East Suite 10
                   Morris Plains, NJ 07950
                   Telecopy: 973-215-2094

13.   Assignment

IMT shall not assign or otherwise transfer this Agreement to anyone, including
any parent, subsidiaries, affiliated entities or third parties, or as part of
the sale of any portion of its business, or pursuant to any merger,
consolidation or reorganization, without Magnitude's prior written consent,
which consent shall not be unreasonably withheld, conditioned or delayed. IMT
agrees that any assignment in violation of this Agreement shall be void.

14.   Limitations Period

No arbitration or other action under this Agreement may be brought by either
party against the other more than one (1) year after the cause of the action
arises.

15.   Governing Law

This Agreement and performance hereunder shall be governed by the laws of the
State of New Jersey, without reference to principals of conflicts of law.

16.   General Provisions

      a.    Complete Agreement. The parties agree that this Agreement is the
            complete and exclusive statement of the agreement between the
            parties, which supersedes and merges all prior proposals,
            understandings and all other agreements, oral or written, between
            the parties relating to this Agreement.

      b.    Amendment. This Agreement may not be modified, altered or amended
            except by written instrument duly executed by both parties.

      c.    Waiver. The waiver or failure of either party to exercise in any
            respect any right provided for in this Agreement shall not be deemed
            a waiver of any further right under this Agreement.

      d.    Severability. If any clause or provision of this Agreement is or
            becomes illegal, invalid, or unenforceable, the remaining provisions
            of this Agreement shall be unimpaired, and the Agreement shall
            thereafter be construed as if the invalid provision had not been
            included in the Agreement, unless the elimination of such provision
            destroys the underlying business purpose of this Agreement.
<PAGE>

      e.    Terms Bargained For. IMT acknowledges that the terms of this
            Agreement were bargained for, and the fees reflect, and are based
            upon IMT's acceptance of, all of the terms of this Agreement.
            Magnitude is willing to undertake greater potential liabilities in
            exchange for increased fees and prices reflecting that exposure. IMT
            has opted to accept limitations on Magnitude's liabilities as set
            forth herein in return for the fees set forth herein.

      f.    Read and Understood. Each party acknowledges that it has read and
            understands this Agreement and agrees to be bound by its terms.

Magnitude Information Systems, Inc.          Imminent Technologies LLC.

/s/ Edward L. Marney                         /s/ Marc Frega
-----------------------------------          -----------------------------------
Signature                                    Signature

Edward L. Marney                             Marc Frega
-----------------------------------          -----------------------------------
(Printed) Name                               (Printed) Name

CEO & President                              CEO
-----------------------------------          -----------------------------------
Title                                        Title

4/10/07                                      4/06-07
-----------------------------------          -----------------------------------
Date                                         Date
<PAGE>

EXHIBIT A

Magnitude Support Clients

Vistakon, a subsidiary of Johnson & Johnson
Alliant Energy Corporation
Hamilton Sundstrand Space Systems
State Compensation Insurance Fund
Aon Corporation
Georgia Pacific
Lockheed Martin
Bechtel SAIC
Earth Tech
United Space Alliance
BASF Corporation
Koch Industries

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