Document:

<PAGE>   1
                                                                   EXHIBIT 10.10

                              EMPLOYMENT AGREEMENT

     EMPLOYMENT AGREEMENT (this "Agreement"), dated as of December 11, 1997, by
and between BIZWATCH, INC., a Delaware corporation, having its principal office
at 1199 North Fairfax Street, Suite 800, Alexandria, Virginia 22314 (the
"Company"), and Jeff Massa, an individual residing at 3766 Wigan Drive, Dale
City, Virginia 22193 ("Executive").

                              W I T N E S S E T H:

     WHEREAS, the Company wishes to employ Executive in an executive capacity
and Executive is desirous of being so employed.

     NOW, THEREFORE, in consideration of the premises and the mutual covenants
and agreements herein contained, the parties hereto agree as follows:

     1.   Employment, Duties and Acceptance.

          (a) The Company hereby employs Executive for the Term (as hereinafter
defined) to render services to the Company, including any subsidiaries thereof,
as Senior Vice President, Technology and to perform such duties commensurate
with such office as he shall reasonably be directed by the Board of Directors
(the "Board") of the Company to perform, which duties shall be consistent with
the provisions of the Bylaws in effect on the date hereof that relate to the
duties of the Senior Vice President, Technology. Unless otherwise determined by
the Board or as required by the Bylaws of the Company, all employees and
executives of the Company and any subsidiaries thereof will report directly or
indirectly to the President and CEO.

          (b) Executive agrees to devote his entire working time, attention and
energies to the performance of the business of the Company, including any
subsidiaries thereof, and Executive shall not, directly or indirectly, alone or
as a member of any partnership or other organization, or as an officer,
director or employee of any other corporation, partnership or other
organization, be actively engaged in or concerned with any other duties
or pursuits which materially interfere with the performance of his duties
hereunder, or which, even if noninterfering, may be inimical, or contrary, to
the best interests of the Company, except those duties or pursuits specifically
authorized by the Board.

          (c) The principal place of employment of Executive hereunder shall at
all times during the Term be in the greater Alexandria, Virginia area, or other
locations mutually acceptable to Executive and the Company. Executive
understands and agrees that he may be required to travel from time to time for
business reasons.

<PAGE>   2
          (d) Executive hereby accepts such employment and agrees to render the
services described above and abide by the terms of this Agreement.

     2. Term of Employment.

     Subject to the terms of this Agreement, including Section 8 hereof, the
term of Executive's employment under this Agreement will commence as of the
date hereof (the "Effective Date") and shall end on the later of (i) the third
anniversary hereof or (ii) the second anniversary of the closing of an initial
public offering of the Company's securities.

     3. Compensation and Benefits.

       (a) (1) As full compensation for all services to be rendered pursuant to
       this Agreement, commencing the Effective Date, the Company agrees to pay
       Executive during the Term a base salary at an annual rate of $150,000,
       payable in such installments as is the policy of the Company with respect
       to executive employees of the Company (the "Salary"). Thereafter, from
       time to time, and subject to the provisions of subparagraph (a)(3) below,
       the Board of Directors of the Company shall consider, in its sole and
       absolute discretion, any appropriate adjustments to Executive's Salary.

           (2) From time to time, and subject to the provisions of subparagraph
       (a)(3) below, the Board of Directors of the Company shall consider, in
       its sole absolute discretion, any bonus payments, whether consisting of
       cash, securities or otherwise ("Bonus") to Executive.

           (3) The aggregate amount of Salary and Bonus, if any, paid to
       Executive during any calendar year shall not exceed $200,000 until such
       time as the Company has generated cumulative revenues of at least $4.3
       million and is no longer experiencing a net operating loss on a monthly
       basis. The Company and Executive hereby agree that, within thirty (30)
       days following such time, the Company and Executive shall increase
       Executive's Salary and Bonus by a mutually agreeable upon amount which is
       reasonable in light of the salaries and bonuses then offered by similarly
       situated and comparable companies.

          (b) The Company shall pay or reimburse Executive for all reasonable
travel, entertainment and other business expenses actually incurred or paid by
him during the Term in the performance of his services under this Agreement,
upon presentation of expense statements or vouchers or such other supporting
information as the Company may reasonably require of Executive and in
accordance with the policy of the Company.

                                      -2-
<PAGE>   3
           (c)  Executive shall be eligible under any disability insurance,
group insurance, 401(k) or other so-called "fringe" benefits, if any, which the
Company generally provides for its executives.

           (d)  The Company shall provide to Executive, at the Company's
expense, medical, dental and vision insurance which the Company generally
provides for its executives.

           (e)  After the first six (6) months of the Term, Executive shall be
entitled to vacation time of two (2) weeks per year taken during the Term,
subject to fulfillment of his duties hereunder, in accordance with the vacation
policy of the Company.

       4.  Stock.

           Executive hereby acknowledges that Executive owns an aggregate of
1,991 shares (the "Shares") of the Company's common stock, par value $.001 per
share ("Common Stock") and options to purchase an aggregate of 8,422 shares of
Common Stock (the "Options"). Executive hereby further acknowledges that the
Shares and the Options were issued pursuant, and remain subject, to the
provisions of that certain Subscription Agreement, dated as of October 2, 1997,
as amended, that certain Option Agreement, dated October 2, 1997, as amended,
and that certain Shareholders Agreement, dated the date hereof by and among the
Company, Executive, Infoseek Corporation and certain other parties named
therein.

       5.  Confidentiality.

           (a)  Executive shall not, during the Term of this Agreement, or for
a period of three (3) years following termination of this Agreement, directly
or indirectly, disclose or permit to be known (other than (i) as is reasonably
required in the regular course of his duties, including disclosures to the
Company's advisors and consultants, (ii) as required by law (in which case
Executive shall give the Company prior written notice of such required
disclosure) or (iii) with the prior written consent of the Chief Executive
Officer) to any person, firm or corporation any information relating to the
Company's business or purpose, which information is not in the public domain or
generally known in the Company's Field of Interest, in any form acquired by
Executive during the course of, or as an incident to, his employment with the
Company or any predecessor to the Company's business or the rendering of
services hereunder, and relating to the Company, any subsidiaries or other
Affiliates (as defined below) thereof, any client, investor, corporate partner
or joint venturer of the Company or any of its subsidiaries, or any
corporation, partnership or other entity owned or controlled, directly or
indirectly, by the Company, any subsidiaries or other Affiliates thereof or, to
the knowledge of Executive, any of the other persons or entities listed above,
or in which the Company, any subsidiaries or other Affiliates thereof or, to
the knowledge of Executive, any of the other persons or entities listed above,
has a beneficial interest. Such information shall include, but shall not be
limited to, business affairs, proprietary

                                      -3-

<PAGE>   4
technology, trade secrets, patented processes, research and development data,
know-how, market studies and forecasts, competitive analyses, pricing policies,
employee lists, personnel policies, the substance of agreements with customers,
suppliers and others, marketing arrangements, customer lists and any other
documents embodying such confidential information. This confidentiality
obligation shall not apply to any information which becomes publicly available
other than pursuant to a breach of this Section 5 by Executive.

           (b)  All information and documents relating to the Company and any
subsidiaries or other Affiliates thereof as hereinabove described shall be the
exclusive property of the Company, and, upon termination of Executive's
employment with the Company, all documents, records, reports, writings and
other similar documents containing confidential information, including copies
thereof, then in Executive's possession or control shall be returned to and
left with the Company.

       6.  Noncompetition; Nonintervention.

           (a)  Executive shall not, during the Term of this Agreement, or for
a period of three (3) years following termination of this Agreement (the
"Restricted Period"), directly or indirectly, as owner, partner, joint
venturer, stockholder, employee, broker, agent, principal, trustee, corporate
officer, director, licensor, or in any capacity whatsoever engage in, become
financially interested in, be employed by, render any consultation or business
advice with respect to, or have any connection with any business which is in
the Company's Field of Interest (as defined below) anywhere within the United
States; provided, however, that Executive may own any securities of any
corporation which is engaged in such business and is publicly owned and traded
but in an amount not to exceed at any one time one percent (1%) of any class of
stock or securities of such company.

           (b)  During the Restricted Period, Executive shall not, whether for
his own account or for the account of any other individual, partnership, firm,
corporation or other business organization (other than the Company), directly
or indirectly solicit, endeavor to entice away from the Company or its
Affiliates, or otherwise directly interfere with the relationship of the
Company or its Affiliates with any person who, to the knowledge of Executive,
is employed by or otherwise engaged to perform services for the Company or its
Affiliates (including, but not limited to, any independent sales
representatives or organizations) or who is, or was within the then most recent
twelve-month period, a customer or client, of the Company, its predecessors or
any of its Affiliates. The placement of any general classified or "help wanted"
advertisements and/or general solicitations to the public at large shall not
constitute a violation of this Section unless Executive's name is contained in
such advertisements or solicitations.

       7.  Injunction and Enforceability of Covenants.

           (a)  If Executive commits a breach, or threatens to commit a breach,
of any of the provisions of Sections 5, 6 or 9 hereof, the Company shall have
the right and

                                      -4-

<PAGE>   5
remedy to have the provisions of this Agreement specifically enforced by any
court having equity jurisdiction, it being acknowledged and agreed that any
such breach or threatened breach will cause irreparable injury to the Company
and that money damages will not provide an adequate remedy to the Company.

                  (b)      If any of the covenants contained in Sections 5, 6 or
9 hereof, or any part thereof, is hereafter construed to be invalid or
unenforceable, the same shall not affect the remainder of the covenant or
covenants, which shall be given full effect without regard to the invalid
portions.

                  (c)      If any of the covenants contained in Sections 5, 6 or
9 hereof, or any part thereof, is held to be unenforceable because of the scope
or duration of such provision or the area covered thereby, the parties agree
that the court making such determination shall have the power to reduce the
scope, duration and/or area of such provision to the least extent necessary to
render them enforceable and, in its reduced form, such provision shall then be
enforceable.

                  (d)      The parties hereto intend to and hereby confer
jurisdiction to enforce the covenants contained in Sections 5, 6 or 9 hereof
upon the courts of any state within the geographical scope of such covenants. In
the event that the courts of any one or more of such states shall hold any such
covenant wholly unenforceable by reason of the breadth of such scope or
otherwise, it is the intention of the parties hereto that such determination not
bar or in any way affect the Company's right to the relief provided above in the
courts of any other states within the geographical scope of such other
covenants, as to breaches of such covenants in such other respective
jurisdictions, the above covenants as they relate to each state being, for this
purpose, severable into diverse and independent covenants.

                  (e)      The existence of any claim or cause of action by
Executive against the Company or any subsidiaries or other Affiliates of the
Company shall not constitute a defense to the enforcement by the Company of the
covenants contained in Sections 5, 6 or 9 hereof, but such claim or cause of
action shall be litigated separately.

         8.       Termination of Employment.

                  (a)      The Company may terminate this Agreement upon
written notice to Executive if any of the following shall occur:

                           (1)      Executive acts, or fails to act, in a manner
                  that provides Cause for termination. For purposes of this
                  Agreement, the term "Cause" means: (i) the willful or
                  continual neglect by Executive of his duties or obligations
                  hereunder (other than breaches of the covenants set forth in
                  Sections 5, 6 and 9 hereof which events are governed by clause
                  (vi) below), provided that such neglect remains uncured for a
                  period of 30 days after written notice describing the same is
                  given to Executive, and provided further that isolated or
                  insubstantial failures shall not constitute Cause

                                      -5-
<PAGE>   6
         hereunder; (ii) Executive's conviction (which, through lapse of time or
         otherwise, is not subject to appeal) of any felony or crime of moral
         turpitude or any crime or offense involving money or other property of
         the Company or any subsidiaries or other Affiliates thereof; (iii)
         Executive's performance of any act or failure to act which, if
         Executive were prosecuted and convicted therefor, would constitute a
         crime or offense either involving money or property of the Company or
         any subsidiaries or other Affiliates thereof or constituting a felony
         in the jurisdiction involved; (iv) any attempt by Executive to
         improperly secure any personal profit in connection with the business
         of the Company or any subsidiaries or other Affiliates thereof; (v)
         chronic alcoholism or the use of illegal drugs; or (vi) any breach by
         Executive of the terms of Sections 5, 6 or 9 hereof, provided such
         breach continues uncured for 10 days after written notice of such
         breach is given by the Company to Executive. All determinations of
         Cause shall be made by the vote of a majority of the entire Board of
         Directors; or

                  (2)      The Chief Executive Officer shall determine that
         Executive's performance of his duties has not been fully satisfactory
         for any reason which would not constitute Cause (and other than
         disability or death) upon thirty (30) days' prior written notice to
         Executive.

         (b)      Executive may terminate this Agreement upon written notice to
the Company for Good Reason. For purposes of this Agreement, the term "Good
Reason" means: (i) a substantial reduction of Executive's duties, position,
authority or responsibilities hereunder which is not corrected within thirty
(30) days after written notice from Executive; (ii) material breach by the
Company of its obligations hereunder if not remedied within thirty (30) days
after written notice from Executive; or (iii) a material reduction in
Executive's compensation (provided, however, that a Company-wide salary
reduction which is instituted with the concurrence of Executive shall not
constitute Good Reason hereunder).

         (c)      This Agreement shall immediately terminate upon the
occurrence of any of the following:

                  (1)      Executive's death during the Term; provided, however,
         that Executive's legal representatives shall be entitled to receive
         Executive's Salary through the last day of the month in which his death
         occurs; or

                  (2)      Executive's physical or mental disability such that
         he is unable substantially to perform his services hereunder for (i) a
         period of 60 consecutive days or (ii) for shorter periods aggregating
         120 days during any twelve-month period during the Term.
         Notwithstanding such disability, the Company shall continue to pay
         Executive his Salary through the date of such termination.

                                      -6-

<PAGE>   7
          (d) In the event that Executive's employment is terminated for any
reason other than (i) at the end of the Term upon expiration of this Agreement,
(ii) by the Company for Cause, (iii) death, (iv) disability or (v) by Executive
other than for Good Reason, the Company shall (x) pay Executive for a period
equal to the greater of two (2) years or the remainder of the Term (the
"Severance Period"), his Salary at the then current rate (including an amount
equal to any bonuses paid to Executive during the prior twelve (12) month
period), payable in such installments as the Company customarily pays Executive,
which amount shall be in lieu of any and all other payments due and owing to
Executive under the terms of this Agreement (other than any payments
constituting reimbursement of expenses pursuant to Section 3(b) hereof), and (y)
continue to allow Executive to participate, during the Severance Period and at
the Company's expense, in the Company's health, dental and vision insurance and
disability insurance programs, if any, to the extent permitted under such
programs and applicable laws.

          (e) Upon any termination of Executive's employment hereunder for any
reason, with or without Cause or Good Reason, whether by the Company or by
Executive, Executive shall be deemed to have resigned from all positions as an
officer and employee of the Company or any subsidiaries or other Affiliates
thereof.

     9.  Inventions Discovered by Executive.

     Executive shall promptly disclose to the Company any invention,
improvement, discovery, process, formula or method or other intellectual
property, whether or not patentable, whether or not copyrightable, in the
Company's Field of Interest (collectively, "Inventions") made, conceived or
first reduced to practice by Executive, either alone or jointly with others,
while performing service hereunder. Executive hereby assigns to the Company all
of his right, title and interest in and to any such Inventions. During and after
the Term, Executive shall execute any documents necessary to perfect the
assignment of such Inventions to the Company and to enable the Company to apply
for, obtain and enforce patents and/or copyrights in any and all countries on
such Inventions. Executive hereby irrevocably designates counsel to the Company
as Executive's agent and attorney-in-fact to execute and file any such document
and to do all lawful acts necessary to apply for and obtain patents and/or
copyrights and to enforce the Company's rights under this Section 9. Any
invention relating to the business of the Company and disclosed by Executive
within six months following the termination or his employment with the Company
shall be deemed to fall within the provisions of this Section unless proved to
have been first conceived and made following such termination. This Section 9
shall survive the termination of this Agreement.

     10. Representations and Agreements of Executive.

         (a) Executive represents and warrants that he is free to enter into
this Agreement and to perform the duties required hereunder and that there are
no

                                      -7-

<PAGE>   8
employment contracts or understandings, restrictive covenants or other
restrictions, whether written or oral, preventing the performance of his
duties hereunder.

          (b)  Executive agrees to submit to a medical examination and to
cooperate and supply such other information and documents as may be required by
the Company in connection with its obtaining or providing any type of insurance
or other fringe benefit as the Company shall determine from time to time.

     11.  Definitions.

          As used herein, the following terms have the following meanings:

          (a)  "Affiliate" means and includes any person, corporation or other
entity controlling, controlled by or under common control with the entity in
question; and

          (b)  "Company's Field of Interest" means the businesses of the
Company as conducted and proposed to be conducted as of the date hereof and
any business reasonably determined from time to time and during the Term by the
Company in its sole discretion to be competitive with the business of the
Company.

     12.  Arbitration.

     Any controversy or claim arising out of or relating to this Agreement or
the breach thereof (other than disputes with respect to alleged violations of
the covenants contained in Sections 5, 6 and 9 hereof and the Company's pursuit
of the remedies described in Section 7 hereof in connection therewith) shall be
settled by arbitration in the City of New York, in accordance with the rules
then existing of the American Arbitration Association (three arbitrators), and
judgment upon the award rendered may be entered in any court having jurisdiction
thereof. The parties shall be free to pursue any remedy before the arbitration
tribunal that they shall be otherwise permitted to pursue in a court of
competent jurisdiction. The award of the arbitrators shall be final and binding.

     13.  Notices.

     All notices, requests, consents and other communications required or
permitted to be given hereunder shall be in writing and shall be deemed to have
been duly given if sent by private overnight mail service, registered or
certified mail (return receipt requested and received), telecopy or delivered
personally, as follows (or to such other address as either party shall
designate by notice in writing to the other in accordance herewith):

                                      -8-
<PAGE>   9
     If to the Company:

                    BizWatch, Inc.
                    1199 North Fairfax Street
                    Suite 800
                    Alexandria, VA 22314
                    Attention: Secretary
                    Telephone: (703) 838-5566
                    Fax: (703) 683-4707

     With a copy to:

                    Stephen M. Feldhaus, Esq.
                    Fulbright & Jaworski, L.L.P.
                    Market Square
                    801 Pennsylvania Avenue
                    Washington, D.C. 20004-2604
                    Telephone: (202) 662-0200
                    Fax: (202) 662-4643

     If to Executive:

                    Jeff Massa
                    3766 Wigan Drive
                    Dale City, Virginia 22193
                    Tel: (703) 878-0610
                    Fax: (703) 730-5976

     14.  Withholding.

     All payments required to be made by the Company to Executive under this
Agreement shall be subject to withholding taxes, social security and other
payroll deductions in accordance with the policy of the Company.

     15.  Successors and Assigns.

          (a)  This Agreement shall be binding upon and shall inure to the
benefit of the Company, its successors and assigns, and the Company shall
require any successor or assign to expressly assume and agree to perform this
Agreement in the same manner and to the same extent that the Company would be
required to perform if no such succession or assignment had taken place. The
term "the Company" as used herein shall include such successors and assigns. The
term "successors and assigns" as used herein shall mean a corporation or other
entity acquiring all or substantially all of the assets and business of the
Company (including this Agreement) whether by operation of law or otherwise.

                                      -9-

<PAGE>   10
          (b)  This Agreement and all rights under this Agreement are personal
to Executive and shall not be assignable other than by will or the laws of
intestacy. All of Executive's rights under this Agreement shall inure to the
benefit of his heirs, personal representatives, designees or other legal
representatives, as the case may be.

     16.  General.

          (a)  This Agreement shall be governed by and construed and enforced in
accordance with the laws of the State of New York applicable to agreements made
and to be performed entirely in New York.

          (b)  This Agreement sets forth the entire agreement and understanding
of the parties relating to the subject matter hereof and supersedes all prior
agreements, arrangements and understandings, written or oral, relating to the
subject matter hereof; provided, however, that the terms and conditions of the
Stock Agreement shall continue to remain in full force and effect. No
representation, promise or inducement has been made by either party that is not
embodied in this Agreement or the Stock Agreement, and neither party shall be
bound by or liable for any alleged representation, promise or inducement not so
set forth.

          (c)  This Agreement may be amended, modified, superseded, canceled,
renewed or extended, and the terms or covenants hereof may be waived, only by a
written instrument executed by the parties hereto, or in the case of a waiver,
by the party waiving compliance. The failure or delay of a party at any time or
times to require performance of any provision hereof shall in no manner affect
the right at a later time to enforce the same. No waiver by a party of the
breach of any term or covenant contained in this Agreement, whether by conduct
or otherwise, or any one or more or continuing waivers of any such breach, shall
constitute a waiver of the breach of any other term or covenant contained in
this Agreement.

          (d)  Should any provision of this Agreement be held by an arbitration
tribunal to be invalid or unenforceable, such invalid or unenforceable provision
shall not render the entire Agreement invalid or unenforceable, and this
Agreement and each individual provision hereof shall be enforceable and valid to
the fullest extent permitted by law.

          (e)  The headings in this Agreement are for convenience of reference
only and shall not control or affect the meaning or construction of this
Agreement.

          (f)  This Agreement may be signed in any number of counterparts, each
of which shall be an original, with the same effect as if the signatures thereto
and hereto were upon the same instrument. This Agreement shall become effective
when each party hereto shall have received counterparts hereof signed by the
other party hereto.

                                      -10-
<PAGE>   11
     IN WITNESS WHEREOF, the Company has caused this Agreement to be executed
by its duly authorized officer and Executive has executed this Agreement as of
the day and year first above written.

                                        BIZWATCH, INC.

                                        By: /s/ David C. Hoppmann
                                           ----------------------------
                                           Name: David C. Hoppmann
                                           Title: President

                                        /s/ Jeffery P. Massa
                                        --------------------------------
                                        Name: Jeffery P. Massa<PAGE>   1
                                                                   EXHIBIT 10.11

                                                                 MAYFLOWER
                                                                 RESOURCES, INC.

                              CONTRACTOR AGREEMENT

     THIS Contractor AGREEMENT (this "Agreement") is made and entered into as of
the 30th day of August, 1999 (the "Effective Date"), by and between NewsReal,
Inc., a Delaware corporation, with its principal address at 66 Canal Center
Plaza, Suite 700, Alexandria, Virginia 22314 (hereinafter the "Company"), and
Mayflower Resources, Inc., whose principal address is 9 Turner Dr., Chappakua,
N.Y. 10514 (hereinafter "Contractor").

                                   SECTION 1

                               SCOPE OF SERVICES

     1.1  SERVICES., Contractor, through its sole shareholder and employee, S.
Randy Lampert, agrees to provide, and Company agrees to accept, the contracting
services described in Exhibit A hereto.

     1.2  CONDUCT OF SERVICES. All work shall be performed in a workmanlike and
professional manner.

     1.3  METHOD OF PERFORMING SERVICES. Contractor shall have the right to
determine the method, details, and means of performing the work to be performed
by Company; provided, however, that all such work to be performed hereunder
shall be performed by Contractor's sole shareholder and employee, S. Randy
Lampert. Company shall, however, be entitled to exercise general power of
supervision and control over the results of work performed by Contractor to
ensure satisfactory performance, including the right to inspect, the right to
stop work, the right to make suggestions or recommendations as to the details of
the work, and the right to purpose modifications to the work.

     1.4  SCHEDULING. The services provided by Contractor are expected to
require no less than fifty percent (50%) of Mr. Lampert's available business
time and availability during the term of this Agreement.

     1.5  REPORTING.  Company and Contractor shall develop appropriate
administrative procedures for coordinating with each other. Company shall
periodically provide Contractor with evaluations of Contractor's performance.

     1.6  PLACE OF WORK. Contractor will perform his work for Company either at
Contractor's place of business or at the Company's principal place of business,
as Contractor may determine from time to time.

                                       1
<PAGE>   2
                                   SECTION 2

                              TERM AND TERMINATION

     2.1  TERM AND TERMINATION.

          (a)  This Agreement may be terminated by either party upon written
notice, if the other party breaches any obligation provided hereunder and the
breaching party fails to cure such breach within thirty (30) days of such notice
if such breach is capable of being cured; provided, however, that the cure
period for any failure of Company to pay fees and charges due hereunder shall be
fifteen (15) days from the date of receipt by Company of notice of such failure.
          (b)  Unless earlier terminated by either party as set forth in Section
2.1(a), the term of Contractor's engagement under this Agreement shall end six
(6) months from the Effective Date ("Scheduled Termination Date").

               (i)  The Company agrees that, in the event Contractor's
engagement hereunder is earlier terminated by the Company without Cause (as
defined below) or by Contractor pursuant to Section 2.1(a) as a result or the
breach of a representation, warranty, or covenant or other agreement of the
Company hereunder, Company shall pay Contractor at the time of such termination
the sum of (A) a termination fee in cash equal to the monthly fee payable to
Contractor under Exhibit A hereto times the number of months (including any
portion of a month) from the actual termination date until the Scheduled
Termination Date, (B) the Base Fee (as defined in Exhibit A) due and payable
hereunder through the actual termination date, and (C) full reimbursement of all
of Contractor's costs and expenses incurred through the actual termination date
as contemplated hereby.

               (ii) In addition, if Contractor's engagement is terminated on the
Scheduled Termination Date or earlier than the Scheduled Termination Date as
contemplated by Section 2.1(b)(i), and within twelve (12) months following the
actual termination date the Company completes any financing with a Schedule A
Investor (as defined below), whether or not Contractor is involved in such
financing, the Company will pay to Contractor a fee on the closing of such
financing equal to the amount of the fee that would have been payable pursuant
to paragraph 2(b) of Exhibit A if the engagement had not been terminated.

               (iii)  Further, if Contractor's engagement is terminated earlier
than the Scheduled Termination Date as contemplated by Section 2.1(b)(i) hereof,
Company shall provide the additional compensation equal to the amount that would
have been payable pursuant to paragraph 2(c) of Exhibit A if the engagement had
not been terminated.

               (iv)  For purposes of this Agreement, the term "Cause" shall
mean: (A) the willful or continual neglect by Contractor or Mr. Lampert of
its/his duties or obligations hereunder, provided that such neglect remains
uncured for a period of thirty (30) days after written notice describing the
same is given to Contractor or Mr. Lampert, and provided further that isolated
or insubstantial failures shall not constitute Cause hereunder; (B) Contractor's
or Mr. Lampert's conviction (which is not subject to further appeal) of any
felony or crime of moral turpitude or any crime or offense involving money or
other property of the Company or any

                                       2

<PAGE>   3
subsidiaries or other affiliates thereof; (C) Contractor's or Mr. Lampert's
performance of any act or failure to act which, if Contractor or Mr. Lampert
were prosecuted and convicted therefor, would constitute a crime or offense
either involving money or property of the Company or any subsidiaries or other
affiliates thereof or constituting a felony in the jurisdiction involved; (iv)
any attempt by Contractor or Mr. Lampert to improperly secure any personal
profit in connection with the business of the Company or any subsidiaries or
other affiliates thereof; (v) chronic alcoholism or the use of illegal drugs; or
(vi) any breach by Contractor or Mr. Lampert of the terms of Section 5 or 6
hereof, provided such breach continues uncured for 10 days after written notice
of such breach is given by the Company to Contractor or Mr. Lampert. All
determinations of Cause shall be made by the vote of a majority of the entire
Board of Directors of the Company.

               (v)  For purposes of this Agreement, the term "Schedule A
Investor" refers to investors with whom Contractor or Mr. Lampert had
substantive involvement on behalf of the Company during the Term and which are
listed on Schedule A hereto, as it may be amended and signed by both parties
hereto from time to time. For purposes hereof, "substantive involvement" means
that Mr. Lampert had contacted such investors, participated in presentations to
such investors with other members of the Company's management team, and was
involved in exchanging information and materials to such investors on behalf of
the Company.

               (vi) The obligations of the Company as set forth in this Section
2.1(b) shall survive any termination or completion of the engagement
contemplated hereby.

          (c)  Except as provided in Section 2.1(b)(ii), in the event that
Contractor's employment is terminated (i) on the Scheduled Termination Date,
(ii) by the Company for Cause or (iii) death or disability of Mr. Lampert, the
Company shall pay Contractor the sum of the amounts payable, if any, under
Sections 2.1(b)(i)(B) and (C) hereof, and the Company shall have no further
obligations to pay or provide any incentive or additional compensation to
Contractor hereunder.

     2.2  REMAINING PAYMENTS. Within thirty (30) days of termination of this
Agreement for any reason, Contractor shall submit to Company an itemized invoice
for any fees or expenses theretofore accrued under this Agreement.

                                   SECTION 3

                          FEES, EXPENSES, AND PAYMENT

     3.1  FEES. In consideration of the services to be performed by Contractor,
Contractor shall be entitled to compensation as described in Section 2 and
Exhibit A hereto. Compensation shall be paid semi-monthly, at the same time the
Company disburses payroll to its employees. All other compensation shall be paid
to Contractor within ten (10) days after receipt of Contractor's invoice, except
as otherwise provided herein.

     3.2  REIMBURSEMENT OF EXPENSES. In addition to the foregoing, Company shall
pay Contractor a non-accountable expense allowance equal to four percent (4%) of
the Base Fee as reimbursement for its actual out-of-pocket expenses as
reasonably incurred by Contractor for

                                       3

<PAGE>   4
telephone, facsimile, computer charges, photocopying and postage charges, plus
actual out-of-pocket expenses as reasonably incurred by Contractor for travel,
local transportation, meals, lodging or and other related costs in furtherance
of its performance hereunder. Contractor agrees to provide Company with access
to such receipts, ledgers, and other records as may be reasonably appropriate
for Company or its accountants to verify the amount and nature of any such
expenses for which actual reimbursement is sought. The monthly non-accountable
allowance shall be paid with the Base Fee; actual out-of-pocket expenses shall
be reimbursed by the date on which the Company disburses its payroll to
employees following the date of receipt of Contractor's invoice for such
expenses.

                                   SECTION 4

           RESPONSIBILITIES OF CONTRACTOR FOR TAXES AND OTHER MATTERS

     4.1  TAXES.  As an independent contractor, Contractor shall pay and report
all federal and state income tax withholding, Social Security taxes, and
unemployment insurance applicable to Contractor. Contractor shall not be
entitled to participate in health or disability insurance, retirement benefits,
or other welfare or pension benefits (if any) to which employees of Company may
be entitled.

                                   SECTION 5

                                CONFIDENTIALITY

     5.1  RESTRICTIONS.  Contractor acknowledges that in order to perform the
services called for in this Agreement, it shall be necessary for Company to
disclose to Contractor certain Trade Secret(s) of Company. Contractor agrees
that she shall not disclose, transfer, use, copy, or allow access to any such
Trade Secrets to any third parties, except as authorized by Company.

     5.2  TRADE SECRETS DEFINED.  As used herein, the term "Trade Secret(s)"
shall mean any business plans, projections, contracts, agreements, business
processes, marketing plans or materials, spreadsheets of Company information,
books and records of the Company and underlying documentation, and financial,
management or technical data, information, designs, diagrams, processes,
procedures, formulae, or improvements that are commercially valuable to Company
and not known to the general public or the industry.

                                   SECTION 6

                             RIGHTS IN WORK PRODUCT

     6.1  OWNERSHIP OF WORK PRODUCT.  All Work Product shall be considered
work(s) made by Contractor for hire for Company and shall belong exclusively to
Company and its designees. If by operation of law, any of the Work Product,
including all related intellectual property rights, is not owned in its
entirety by Company automatically upon creation thereof, then Contractor agrees
to assign, and hereby assigns, to Company and its designees the ownership of
such Work Product, including all related intellectual property rights.

                                       4

<PAGE>   5
     6.2  INCIDENTS AND FURTHER ASSURANCES. Company may obtain and hold in its
own name copyrights, registrations, and other protection that may be available
in the Contractor. Contractor agrees to provide any assistance required to
perfect such protection. Contractor agrees to take such further actions and
execute and deliver such further agreements and other instruments as Company may
reasonably request to give effect to this Section 6.

     6.3  PREEXISTING MATERIALS. Contractor may include in the Work Product
preexisting work or materials only if either they are provided by Company or if
they are owned or licensable without restriction by Contractor. To the extent
that preexisting work or materials owned or licensed by Contractor are included
in the Work Products, Contractor shall identify any such work or materials
prior to commencement of the Services involving such work or materials.
Contractor grants to Company (as an exception to the transfer and assignment
provided in Paragraph 6.1) an irrevocable, nonexclusive, worldwide,
royalty-free right and license to use, execute, reproduce, display, perform,
and distribute (internally and externally) copies of, and prepare derivative
works based on, such work and materials, and the right to authorize others to
do any of the foregoing.

     6.4  "WORK PRODUCT" DEFINED. As used herein, the term "Work Product" shall
mean any documentation, spreadsheets, workbooks, data compilations,
projections, forecasts, business plans, financial statements, reports, and any
other media, materials, or other objects produced as a result of Contractor's
work or delivered by Contractor in the course of performing that work.

                                   SECTION 7

                                   ASSURANCES

     7.1  NO CONFLICT. Contractor represents and warrants that he has no
obligations to any third party that will in any way limit or restrict his
ability to perform contracting services to Company hereunder. Contractor agrees
that she will not disclose to Company, nor make use in the performance of any
work hereunder, any trade secrets, or other proprietary information of any
third party, unless Contractor may do so without Contractor or Company
incurring any obligation (past or future) to such third party for such work or
any future application thereof.

     7.2  NO RECRUITING. During the term of this Agreement and for a period of
two (2) years thereafter, Contractor shall not knowingly solicit, entice, or
persuade any employees of Company to terminate their employment with Company
for any reason.

                                   SECTION 8

                                 MISCELLANEOUS

     8.1  FORCE MAJEURE. Contractor shall not be liable to Company for any
failure or delay caused by events beyond Contractor's control, including,
without limitation, Company's failure to furnish necessary information;
sabotage, failure, or delays in transportation or communication; failures or
substitutions of equipment; labor disputes; accidents; shortages of labor,
fuel, raw materials, or equipment; or technical failures.

                                       5

<PAGE>   6
     8.2  GOVERNING LAW. This Agreement shall be governed and construed in all
respects in accordance with the laws of the Commonwealth of Virginia as they
apply to a contract entered into and performed in Virginia.

     8.3  INDEPENDENT CONTRACTORS. The parties are and shall be independent
contractors to one another, and nothing herein shall be deemed to cause this
Agreement to create an agency, partnership, or joint venture between the
parties. Nothing in this Agreement shall be interpreted or construed as creating
or establishing the relationship of employer and employee between Company and
either Contractor or any employee or agent of Contractor.

     8.4  NOTICES. All notices required or permitted hereunder shall be in
writing addressed to the respective parties as set forth herein, unless another
address shall have been designated, and shall be delivered by hand or by
registered or certified mail, postage prepaid.

     8.5  ENTIRE AGREEMENT. This Agreement constitutes the entire agreement of
the parties hereto and supersedes all prior representations, proposals,
discussions, and communications, whether oral or in writing. This Agreement may
be modified only in writing and shall be enforceable in accordance with its
terms when signed by the party sought to be bound.

     8.6  INDEMNIFICATION.

          (a) The Company agrees to indemnify and hold harmless Contractor and
its affiliates, counsel and other professional advisors, the respective
directors, officers, agents and employees of each of the foregoing, and each
other person controlling Contractor or any of its affiliates within the meaning
of either Section 15 of the Securities Act of 1933, as amended, or Section 20 of
the Securities and Exchange Act of 1934, as amended, (individually, and
"Indemnified Party" and collectively, the "Indemnified Parties"), from and
against all losses, claims, damages, expenses or liabilities resulting from,
relating to, or arising out of action taken or omitted to be taken (i) by the
Company or (ii) by an Indemnified Party in good faith pursuant to the terms of,
or in connection with, services rendered pursuant to this Agreement or any of
the transactions covered thereby. In addition, the Company agrees to reimburse
each Indemnified Party for all reasonable out-of-pocket expenses (including
reasonable fees and expenses of counsel) as they are incurred by such
Indemnified Party in connection with investigating, preparing or defending any
such action or claim, whether or not in connection with litigation in which any
Indemnified Party is a named party.

          (b) Notwithstanding the foregoing, the Company shall not be liable to
an Indemnified Party in respect of an loss, claim, damage, liability or expense
to the extent the same is determined, in a final judgment by a court of
competent jurisdiction, to have resulted primarily and directly from the gross
negligence, willful misconduct or bad faith of the Indemnified Party.

          (c) In the event of the assertion against any Indemnified Party of any
claim or the commencement of any action or proceeding, the Company shall be
entitled to participate in such action or proceeding, and in the investigation
of such claim, and after written notice from the Company, to assume the
investigator or defense of such claim, action or proceeding with counsel

                                       6

<PAGE>   7
of its choice at its own expense; provided that such counsel shall be reasonably
satisfactory to Contractor. Notwithstanding the Company's election to assume the
defense or investigation of such claim, action or proceeding, Contractor shall
have the right to employ separate counsel (and local counsel, if necessary) and
to participate in the defense or investigation of such claim, action or
proceeding and the Company shall advance and bear the expense (including
reasonable fees and disbursement) of such separate counsel, if (i) in the
written opinion of counsel, use of counsel chosen by the Company could
reasonably be expected to give rise to a conflict of interest; (ii) the Company
shall not have employed counsel reasonably satisfactory to Contractor to
represent the Indemnified Party within a reasonable time after notice of the
institution of any such litigation or proceeding, or (iii) the Company shall
authorize Contractor to employ separate counsel at the Company's expense.

         (d)      If for any reason the foregoing indemnification is unavailable
to an Indemnified Party or is insufficient to hold it harmless as contemplated
herein then the indemnified party shall contribute to the amount paid or payable
by the Indemnified Party as a result of such loss, claim, liability or expense
in such proportion as is appropriate to reflect not only the relative benefits
received by the Company and their affiliates, on the one hand, but also the
relative fault of the Company and their affiliates and Contractor or any
Indemnified Party, as the case may be, as well as any other relevant equitable
considerations, subject to the limitation that in any event the aggregate
contribution of all Indemnified Parties to all losses, claims, liabilities,
damages and expenses shall not exceed the amount of fees actually received by
Contractor pursuant to the Agreement.

         (e)      No Indemnified Party shall have any liability to the Company
or any person in connection with the services rendered pursuant to the
Agreement, except for the liability for losses, claims, damages or liabilities
finally judicially determined to have resulted solely from such Indemnified
Party's gross negligence, willful misconduct or bad faith. The indemnity,
contribution and expense reimbursement obligations set forth herein shall be in
addition to any liability the Company may have to an Indemnified Party at common
law or otherwise, and shall survive the expiration of the term of the Agreement.

         (f)      If any personnel of an Indemnified Party appears as a witness,
are deposed or are otherwise involved in the defense of any action against any
Indemnified Party, the Company or any officer or director of the Company, the
Company will reimburse such Indemnified Party for all reasonable out-of-pocket
expenses (including the reasonable fees and expenses of counsel for such
Indemnified Party) incurred by it by reason of any of its personnel being
involved in any such action and will compensate Contractor for time spent by its
employees preparing for and testifying as witnesses in any deposition or
proceeding at Contractor's customary daily rates.

           [The remainder of this page is left intentionally blank.]

                                       7
<PAGE>   8
         IN WITNESS WHEREOF, the Company has caused this Agreement to be
executed by its duly authorized representative and Contractor has executed this
Agreement on the date and year first above-written.

NEWSREAL, INC.

By: /s/ David C. Hoppman
   -----------------------------
   Name: David C. Hoppman
   Title: President & CEO

Contractor:

MAYFLOWER RESOURCES INC.

By: /s/ S. Randy Lampert
   -----------------------------
   Name: S. Randy Lampert
   Title: President
         -----------------------

                                       8

<PAGE>   9
                                                                       EXHIBIT A

 SCOPE OF SERVICES TO BE RENDERED AND FEES PAYABLE UNDER CONTRACTING AGREEMENT

1.       Scope of services to be rendered:

            Contractor's sole shareholder and employee, Randy Lampert, will
     serve as Acting CFO of the Company during the Term of this Agreement. His
     duties and responsibilities will include:

         a. Review and augment the Company's business plan as the Company deems
            appropriate.

         b. Perform and oversee financial analysis and Treasury functions
            necessary to support management decisions.

         c. Lead negotiations with existing potential investors and, as
            appropriate, augment the list with new potential investors.

         d. Direct the retention of investment bankers as may be required to
            complete the Company's financings.

         e. Supervise existing finance and administration personnel.

         f. Oversee the development of systems, controls and MIS reports
            necessary to support the Company's business plan.

         g. Perform all other functions required of a CFO.

2.       Fees and payment terms:

         a. Base Fee -- Company shall pay Contractor $9,000 per month ("Base
            Fee") during the Term of the Agreement. The Base Fee shall be paid
            in accordance with Section 3.1 of the Agreement.

         b. Incentive Compensation -- Subject to the terms and conditions set
            forth in Sections 2.1(b) and (c) of the Agreement, Contractor shall
            be entitled to receive, and the Company shall be required to pay,
            incentive compensation on the following terms and conditions:

            (1) Except as provided in (3) below, Contractor shall be entitled to
                receive incentive compensation in an amount equal to three
                percent (3%) of the gross proceeds (before commissions and
                expenses) raised by the Company in a private placement offering
                of its equity securities. For purposes hereof, "equity
                securities" refers to the Company's common stock, preferred
                stock or any security that is convertible into the Company's
                common or preferred stock.

            (2) Contractor shall be entitled to receive incentive compensation
                in an amount equal to one and one-half percent (1.5%) of the
                gross proceeds (before commissions and expenses) raised by the
                Company in a private placement or offering of its debt
                securities or in an initial public offering of its securities
                (debt or equity), or one and one-half percent (1.5%) of the
                aggregate consideration (before commissions and

                                       9

<PAGE>   10
     expenses) generated by the Company and/or its stockholders in a transaction
     involving a Change of Control (as defined below). For purposes hereof, a
     "Change of Control" refers to any of the following:

          (A)  the direct sale, exchange or transfer by the stockholders of the
     Company of all or substantially all of the stock and/or assets of the
     Company, where the stockholders of the Company before such sale or exchange
     do not retain, directly or indirectly, at least a majority of the
     beneficial interests in the voting stock of the acquiring entity after such
     sale or exchange;

          (B)  a merger or consolidation in which the Company is not the
     surviving corporation, other than a merger or consolidation with a
     wholly-owned subsidiary, reincorporation of the Company in a different
     jurisdiction from its current state of incorporation or other transaction
     in which there is no substantial change in the stock ownership of the
     Company; or

          (C)  a merger or consolidation in which the Company is the surviving
     corporation, where the stockholders of the Company before such merger or
     consolidation do not retain, directly or indirectly, at least a
     super majority (67%) of the voting stock of the successor entity after such
     merger or consolidation.

(3)  The percentage set forth in (1) above shall be reduced to two percent (2%)
in the event and to the extent the Company issues any of its equity securities
in a private placement offering to any one or more of the following companies
or any of their affiliates: Knight Ridder, Network Solutions, Inc., or Intel.

(4)  Of the total amount of incentive compensation earned by Contractor with
respect to the offering of equity securities by the Company under paragraph
2(b)(1) of this Exhibit A, no more than fifty percent (50%) of such total shall
be paid in cash and no less than fifty percent (50%) of such total shall be
paid in a combination of a promissory notes and stock options of the Company,
which options shall bear an exercise price equal to, the average price per
share received by the Company in such equity offering. The face value of the
promissory notes will equal the proportion of the fee not otherwise paid in
cash. The number of shares underlying the options granted in combination with
the promissory note will equal the face value of the promissory note divided by
the per share exercise price of the options. Any incentive compensation payable
with respect to the transactions described in paragraph 2(b)(2) of this Exhibit
A shall be payable in cash. The cash payable, promissory notes and stock
options issuable to Contractor for incentive compensation hereunder shall be
paid/issued to Contractor immediately following the closing of the offering to
which such incentive compensation relates. Contractor in its sole discretion
shall determine the extent to which (a) incentive compensation payable in a
combination of promissory notes and stock options on the Company's stock shall
exceed fifty percent (50%) of the total consideration payable to Contractor,
and (b) incentive compensation payable in cash shall be given to Contractor.

                                       10
<PAGE>   11
c.   Additional Compensation in Warrants -- In addition to the Base Fee set
     forth in paragraph 2a above and the incentive compensation set forth in
     paragraph 2b above and following Contractor's completion of each month of
     service (or part of a month of service) hereunder, the Company shall
     provide additional compensation to Contractor in the form of a warrant to
     purchase 0.5% (or pro rata portion based upon the number of days in the
     month prior to the date of actual termination) of the sum of (a) the
     aggregate number of the then issued and outstanding shares of the Company's
     Common Stock, (b) the aggregate number of shares of the Company's Common
     Stock issuable upon exercise of the then outstanding options and warrants
     to purchase the Company's Common Stock or upon conversion of the then
     outstanding debt or equity securities of the Company, and (c) the aggregate
     number of any other shares of the Company's Common Stock issuable to any
     other party upon exercise or conversion of any other right or security
     whatsoever; provided, however, that the Company's obligation to issue
     warrants hereunder shall cease on the earlier of (w) the Scheduled
     Termination Date, as defined in Section 2.1(b) of this Agreement, (x) the
     date on which Contractor is terminated with Cause (as defined in Section
     2.1(b)(iv)), (y) the date of Mr. Lampert's death or disability, or (z) the
     date on which Contractor voluntarily terminates the engagement hereunder.
     Moreover, in the event Contractor is terminated with Cause, any warrants
     previously issued to Contractor shall immediately expire and shall be
     cancelled by the Company. The exercise price for the warrants being granted
     under this paragraph 2c shall equal 150% of the average price per share
     received by the Company in its most recent private placement equity
     offering. The warrants shall be subject to the terms and conditions of the
     attached warrant agreement, which agreement shall include a schedule
     indicating the number of shares issuable to Contractor upon exercise of the
     warrant, the date on which each such warrant was issued to Contractor, and
     the expiration date of each such warrant.

                                       11
<PAGE>   12
                                                                      SCHEDULE A

                               LIST OF INVESTORS

                              FOR WHICH CONTRACTOR
               MAY BE ENTITLED TO RECEIVE INCENTIVE COMPENSATION
                  UNDER SECTION __ OF THE CONTRACTOR AGREEMENT

                                       12

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00016-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00016-of-00352.parquet"}]]