Document:

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                                                                   Exhibit 10.17

THIS WARRANT AND THE SHARES ISSUABLE HEREUNDER HAVE NOT BEEN REGISTERED UNDER
THE SECURITIES ACT OF 1933, AS AMENDED, AND MAY NOT BE SOLD, PLEDGED OR
OTHERWISE TRANSFERRED WITHOUT AN EFFECTIVE REGISTRATION THEREOF UNDER SUCH ACT
OR PURSUANT TO RULE 144 OR AN OPINION OF COUNSEL REASONABLY SATISFACTORY TO THE
CORPORATION AND ITS COUNSEL THAT SUCH REGISTRATION IS NOT REQUIRED.

                            WARRANT TO PURCHASE STOCK

Corporation:                   InPhonic, Inc., a Delaware Corporation
Number of Shares:              11,538
Class of Stock:                Common Stock
Initial Exercise Price:        $5.20
Issue Date:                    September 23, 2002
Expiration Date:               September 23, 2009 (Subject to Section 4.1)

         THIS WARRANT CERTIFIES THAT, for good and valuable consideration, the
receipt of which is hereby acknowledged, COMERICA BANK - CALIFORNIA, successor
by merger to Imperial Bank or its assignee ("Holder") is entitled to purchase
the number of fully paid and nonassessable shares of the class of securities
(the "Shares") of the corporation (the "Company") at the initial exercise price
per Share (the "Warrant Price") all as set forth above and as adjusted pursuant
to Article 2 of this warrant, subject to the provisions and upon the terms and
conditions set forth in this warrant.

ARTICLE 1.  EXERCISE.

         1.1 Method of Exercise. Holder may exercise this warrant by delivering
this warrant and a duly executed Notice of Exercise in substantially the form
attached as Appendix 1 to the principal office of the Company. Unless Holder is
exercising the conversion right set forth in Section 1.2, Holder shall also
deliver to the Company a check for the aggregate Warrant Price for the Shares
being purchased.

         1.2 Conversion Right. In lieu of exercising this warrant as specified
in Section 1.1, Holder may from time to time convert this warrant, in whole or
in part, into a number of Shares determined by dividing (a) the aggregate fair
market value of the Shares or other securities otherwise issuable upon exercise
of this warrant rninus the aggregate Warrant Price of such Shares by (b) the
fair market value of one Share. The fair market value of the Shares shall be
determined pursuant to Section 1.4.

         1.3 Intentionally Omitted

         1.4 Fair Market Value. If the Shares are traded regularly in a public
market, the fair market value of the Shares shall be the closing price of the
Shares (or the closing price of the Company's stock into which the Shares are
convertible) reported for the business day

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immediately before Holder delivers its Notice of Exercise to the Company. If the
Shares are not regularly traded in a public market, the Board of Directors of
the Company shall determine fair market value in its reasonable good faith
judgment.

         1.5 Delivery of Certificate and New Warrant. Promptly after Holder
exercises or converts this warrant, the Company shall deliver to Holder
certificates for the Shares acquired and, if this warrant has not been fully
exercised or converted and has not expired, a new warrant representing the
Shares not so acquired.

         1.6 Replacement of Warrants. On receipt of evidence reasonably
satisfactory to the Company of the loss, theft, destruction or mutilation of
this warrant and, in the case of loss, theft or destruction, on delivery of an
indemnity agreement reasonably satisfactory in form and amount to the Company
or, in the case of mutilation, on surrender and cancellation of this warrant,
the Company at its expense shall execute and deliver, in lieu of this warrant, a
new warrant of like tenor.

         1.7 Repurchase on Sale, Merger, or Consolidation of the Company.

             1.7.1 "Acquisition." For the purpose of this warrant, "Acquisition"
means any sale, license (other than in the ordinary course of business), or
other disposition of all or substantially all of the assets (including
intellectual property) of the Company, or any reorganization, consolidation, or
merger of the Company where the holders of the Company's securities before the
transaction beneficially own less than 50% of the outstanding voting securities
of the surviving entity after the transaction.

             1.7.2 Assumption of Warrant. If upon the closing of any Acquisition
the successor entity assumes the obligations of this warrant, then this warrant
shall be exercisable for the same securities, cash, and property as would be
payable for the Shares issuable upon exercise of the unexercised portion of this
warrant as if such Shares were outstanding on the record date for the
Acquisition and subsequent closing. The Warrant Price shall be adjusted
accordingly. The Company shall use reasonable efforts to cause the surviving
corporation to assume the obligations of this warrant.

             1.7.3 Nonassumption. If upon the closing of any Acquisition the
successor entity does not assume the obligations of this warrant and Holder has
not otherwise exercised this warrant in full, then Holder shall have the option
either to (a) deem this warrant to have been automatically converted pursuant to
Section 1.2 and thereafter Holder shall participate in the Acquisition on the
same terms as other holders of the same class of securities of the Company; or
(b) require the Company to purchase this warrant for cash upon the closing of
the Acquisition for an amount per Share equal to three (3) times the Warrant
Price.

ARTICLE 2.   ADJUSTMENTS TO THE SHARES.

         2.1 Stock Dividends, Splits, Etc. If the Company declares or pays a
dividend on its common stock payable in common stock, or other securities,
subdivides the outstanding common

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stock into a greater amount of common stock, then upon exercise of this warrant,
for each Share acquired, Holder shall receive, without cost to Holder, the total
number and kind of securities to which Holder would have been entitled had
Holder owned the Shares of record as of the date the dividend or subdivision
occurred.

         2.2 Reclassification, Exchange or Substitution. Upon any
reclassification, exchange, substitution, or other event that results in a
change of the number and/or class of the securities issuable upon exercise or
conversion of this warrant, Holder shall be entitled to receive, upon exercise
or conversion of this warrant, the number and kind of securities and property
that Holder would have received for the Shares if this warrant had been
exercised immediately before such reclassification, exchange, substitution, or
other event. Such an event shall include any automatic conversion of the
outstanding or issuable securities of the Company of the same class or series as
the Shares to common stock pursuant to the terms of the Company's Certificate of
Incorporation upon the closing of a registered public offering of the Company's
common stock. The Company or its successor shall promptly issue to Holder a new
warrant for such new securities or other property. The new warrant shall provide
for adjustments which shall be as nearly equivalent as may be practicable to the
adjustments provided for in this Article 2 including, without limitations
adjustments to the Warrant Price and to the number of securities or property
issuable upon exercise of the new warrant. The provisions of this Section 2.2
shall similarly apply to successive reclassifications, exchanges, substitutions,
or other events.

         2.3 Adjustments for Combinations, Etc. If the outstanding Shares are
combined or consolidated, by reclassification or otherwise, into a lesser number
of shares, the Warrant Price shall be proportionately increased. If the
outstanding Shares are combined or consolidated, by reclassification or
otherwise, into a greater number of shares, the Warrant Price shall be
proportionately decreased.

         2.4 Adjustments for Diluting Issuances. The Warrant Price and the
number of Shares issuable upon exercise of this warrant shall be subject to
adjustment, from time to time, in the manner set forth on Exhibit A.

         2.5 No Impairment. The Company shall not, by amendment of its
Certificate of Incorporation or through a reorganization, transfer of assets,
consolidation, merger, dissolution, issue, or sale of securities or any other
voluntary action, avoid or seek to avoid the observance or performance of any of
the terms to be observed or performed under this warrant by the Company, but
shall at all times in good faith assist in carrying out all the provisions of
this Article 2 and in taking all such action as may be necessary or appropriate
to protect Holder's rights under this Article against impairinent.

         2.6 Certificate as to Adjustments. Upon each adjustment of the Warrant
Price, the Company at its expense shall promptly compute such adjustment, and
furnish Holder with a certificate of its Chief Financial Officer setting forth
such adjustment and the facts upon which such adjustment is based. The Company
shall, upon written request, furnish Holder a certificate setting forth the
Warrant Price in effect upon the date thereof and the series of adjustments
leading to such Warrant Price.

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         2.7 Fractional Shares. No fractional Shares shall be issuable upon
exercise or conversion of the Warrant and the Number of Shares to be issued
shall be rounded down to the nearest whole Share. If a fractional share interest
arises upon any exercise or conversion of the Warrant, the Company shall
eliminate such fractional share interest by paying Holder amount computed by
multiplying the fractional interest by the fair market value of a full Share.

ARTICLE 3. REPRESENTATIONS AND COVENANTS OF THE COMPANY.

         3.1 Representations and Warranties. The Company hereby represents and
warrants to the Holder as follows:

             (a) The initial Warrant Price referenced on the first page of this
warrant is not greater than the fair market value of the Shares as of the date
of this warrant.

             (b) All Shares which may be issued upon the exercise of the
purchase right represented by this warrant, and all securities, if any, issuable
upon conversion of the Shares, shall, upon issuance, be duly authorized, validly
issued, fully paid and nonassessable, and free of any liens and encumbrances
except for restrictions on transfer provided for herein or under applicable
federal and state securities laws.

             (c) The Company's capitalization table previously provided to
Holder is true and complete as of the Issue Date.

         3.2 Notice of Certain Events. If the Company proposes at any time (a)
to declare any dividend or distribution upon its common stock, whether in cash,
property, stock, or other securities and whether or not a regular cash dividend;
(b) to offer for subscription pro rata to the holders of any class or series of
its stock any additional shares of stock of any class or series or other rights;
(c) to effect any reclassification or recapitalization of common stock; or (d)
to merge or consolidate with or into any other corporation, or sell, lease,
license (other than in the ordinary course of business), or convey all or
substantially all of its assets, or to liquidate, dissolve or wind up, then, in
connection with each such event, the Company shall give Holder (1) at least 20
days prior written notice of the date on which a record will be taken for such
dividend or distribution (and specifying the date on which the holders of common
stock will be entitled thereto) or for determining rights to vote, if any, in
respect of the matters referred to in (a) and (b) above; and (2) in the case of
the matters referred to in (c) and (d) above at least 20 days prior written
notice of the date when the same will take place (and specifying the date on
which the holders of common stock will be entitled to exchange their common
stock for securities or other property deliverable upon the occurrence of such
event).

         3.3 Information Rights. So long as the Holder holds this warrant and/or
any of the Shares, the Company shall deliver to the Holder (a) promptly after
mailing, copies of all communiques to the shareholders of the Company, (b)
within one hundred twenty (120) days

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after the end of each fiscal year of the Company, the annual audited financial
statements of the Company certified by independent public accountants of
recognized standing and (c) within forty-five (45) days after the end of each of
the first three quarters of each fiscal year, the Company's quarterly, unaudited
financial statements.

         3.4 REGISTRATION UNDER SECURITIES ACT OF 1933, AS AMENDED. THE COMPANY
AGREES THAT THE SHARES OR, IF THE SHARES ARE CONVERTEBLE INTO COMMON STOCK OF
THE COMPANY, SUCH COMMON STOCK, SHALL BE SUBJECT TO THE REGISTRATION RIGHTS SET
FORTH ON EXHIBIT B, IF ATTACHED.

ARTICLE 4. MISCELLANEOUS.

         4.1 Term: Notice of Expiration. This warrant is exercisable in whole or
in part, at any time and from time to time on or before the Expiration Date set
forth above; provided, however, that if the Company completes its initial public
offering within the three-year period immediately prior to the Expiration Date,
the Expiration Date shall automatically be extended until the third anniversary
of the effective date of the Company's initial public offering. If this warrant
has not been exercised prior to the Expiration Date, this warrant shall be
deemed to have been automatically exercised on the Expiration Date by "cashless"
conversion pursuant to Section 1.2.

         4.2 Legends. This warrant and the Shares (and the securities issuable,
directly or indirectly, upon conversion of the Shares, if any) shall be
imprinted with a legend in substantially the following form:

THIS SECURITY HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS
AMENDED, AND MAY NOT BE SOLD, PLEDGED OR OTHERWISE TRANSFERRED WITHOUT AN
EFFECTIVE REGISTRATION THEREOF UNDER SUCH ACT OR PURSUANT TO RULE 144 OR AN
OPINION OF COUNSEL REASONABLY SATISFACTORY TO THE CORPORATION AND ITS COUNSEL
THAT SUCH REGISTRATION IS NOT REQUIRED.

         4.3 Compliance with Securities Laws on Transfer. This warrant and the
Shares issuable upon exercise of this warrant (and the securities issuable,
directly or indirectly, upon conversion of the Shares, if any) may not be
transferred or assigned in whole or in part without compliance with applicable
federal and state securities laws by the transferor and the transferee
(including, without limitation, the delivery of investment representation
letters and legal opinions reasonably satisfactory to the Company). The Company
shall not require Holder to provide an opinion of counsel if the transfer is to
an affiliate of Holder or if there is no material question as to the
availability of current information as referenced in Rule 144(c), Holder
represents that it has complied with Rule 144(d) and (e) in reasonable detail,
the selling broker represents that it has complied with Rule 144(f), and the
Company is provided with a copy of Holder's notice of proposed sale.

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     4.4 Transfer Procedure. Subject to the provisions of Section 4.3, Holder
may transfer all or part of this warrant or the Shares issuable upon exercise of
this warrant (or the securities issuable, directly or indirectly, upon
conversion of the Shares, if any) by giving the Company notice of the portion of
the warrant being transferred setting forth the name, address and taxpayer
identification number of the transferee and surrendering this warrant to the
Company for reissuance to the transferee(s) (and Holder, if applicable);
provided, however, that Holder may transfer all or part of this warrant to its
affiliates, including, without limitation, Comerica Incorporated, at any time
without notice to the Company, and such affiliate shall then be entitled to all
the rights of Holder under this warrant and any related agreements, and the
Company shall cooperate fully in ensuring that any stock issued upon exercise of
this warrant is issued in the name of the affiliate that exercises the warrant.
The terms and conditions of this warrant shall inure to the benefit of, and be
binding upon, the Company and the holders hereof and their respective permitted
successors and assigns. The Company shall have the right to refuse to transfer
any portion of this warrant to any person who directly competes with the
Company, unless the Company is filing financial infomiation with the SEC
pursuant to the Securities Exchange Act of 1934.

     4.5 Notices. All notices and other communications from the Company to the
Holder, or vice versa, shall be deemed delivered and effective when given
personally or mailed by first-class registered or certified mail, postage
prepaid, at such address as may have been furnished to the Company or the
Holder, as the case may be, in writing by the Company or such Holder from time
to time. All notices to the Holder shall be addressed as follows:

                     Comerica Bank - California
                     Attn: Warrant Administrator
                     Technology and Life Sciences Division
                     P.O. Box 7279
                     San Francisco, CA 94120-7279

                     With a copy to

                     Comerica Bank-California
                     Attn: Warrant Administrator
                     Technology and Life Sciences Division
                     5 Palo Alto Square, Suite 800
                     3000 El Camino Real
                     Palo Alto, CA 94306

     4.6 Amendments. This warrant and any term hereof may be changed, waived,
discharged or terminated only by an instrument in writing signed by the party
against which enforcement of such change, waiver, discharge or termination is
sought.

     4.7 Attorneys' Fees. In the event of any dispute between the parties
concerning the terms and provisions of this warrant, the party prevailing in
such dispute shall be entitled to

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collect from the other party all costs incurred in such dispute, including
reasonable attorneys' fees.

     4.8 Governing Law. This warrant shall be governed by and construed in
accordance with the laws of the State of California, without giving effect to
its principles regarding conflicts of law.

     4.9 Market Standoff. Holder hereby agrees that Holder shall not sell,
transfer, make any short sale of, grant any option for the purchase of, or enter
into any hedging or similar transaction with the same economic effect of as a
sale, any common stock (or other securities) of the Company held by Holder for a
period specified by the underwriters of common stock (or other securities) of
the Company not to exceed one hundred eighty (180) days following the effective
date of a registration statement of the Company filed under the Securities Act
of 1933, as amended; provided that:

         (a) such agreement shall apply only to the Company's initial public
offering and any subsequent offering effective within one hundred eighty (180)
days after the Company's initial public offering; and

         (b) all officers and directors of the Company and holders of at least
one percent (1%) of the Company's voting securities enter into similar
agreements.

Holder agrees to execute and deliver such other agreements as may be reasonably
requested by the Company or the underwriter which are consistent with the
foregoing or which are necessary to give further effect thereto.

                           InPhonic, Inc.

                           By: /s/ David A. Steinberg
                              _______________________

                           Name:_____________________

                           Title:____________________

                           By: /s/ Bradley Steel
                              _______________________

                           Name:____________________

                           Title:___________________

Authorized signatories under Corporate Resolutions to Borrow or an authorized
signer(s) under a resolution covering warrants must sign the warrant.

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                                   APPENDIX I

                               NOTICE OF EXERCISE

     1. The undersigned hereby elects to purchase ______________ shares of the
_________________ stock of InPhonic, Inc. pursuant to the terms of the attached
warrant, and tenders herewith paynrnt of the purchase price of such shares in
full.

     1. The undersigned hereby elects to convert the attached warrant into
shares in the manner specified in the warrant. This conversion is exercised with
respect to ______________ of the shares covered by the warrant.

     [Strike paragraph that does not apply.]

     2. Please issue a certificate or certificates representing said shares in
the name of the undersigned or in such other name as is specified below:

              Comerica Bank - California
              Attn: Warrant Administrator
              Technology and Life Sciences Division
              P.O. Box 7279
              San Francisco, CA 94120-7279

     3. The undersigned represents it is acquiring the shares solely for its own
account and not as a nominee for any other party and not with a view toward the
resale or distribution thereof except in compliance with applicable securities
laws.

COMERICA BANK - CALIFORNIA or
Registered Assignee

_____________________________
(Signature)

_____________________________
(Date)

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                                    EXHIB1T A

                            COMERICA BANK-CALIFORNIA
                             ANTI-DILUTION AGREEMENT
                           (for Common Stock Warrants)
     The Warrant Price shall adjust as and when (a) the shares Of Common Stock
of the Company is sold for less than $5.20 per share and (b) the Conversion
Price of the Series D-4 Preferred stock adjusts pursuant to the Company's Eighth
Amended and Restated Certificate of Incorporation (as amended).

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                                    EXHIBIT B

                               Registration Rights

     The Shares (if common stock), or the common stock issuable upon conversion
of the Shares, shall be deemed "registrable securities" or otherwise entitled to
"piggy back" registration rights in accordance with the terms of the following
agreement (the "Agreement") between the Company and its investor(s):

          InPhonic, Inc. Fourth Amended and Restated Investor Rights Agreement
          dated January 30, 2002 by and among Company and the Investors named
          therein.

          _____________________________________________________________
     The Company agrees that no amendments will be made to the Agreement which
would have an adverse impact on Holder's registration rights thereunder without
the consent of Holder. By acceptance of the Warrant to which this Exhibit B is
attached, Holder shall be deemed to be a party to the Agreement.

     If no Agreement exists, then the Company and the Holder shall enter into
Holder's standard form of Registration Rights Agreement as in effect on the
Issue Date of the Warrant

                                       10<PAGE>

                                                                   Exhibit 10.18

                  PURCHASE AGREEMENT AND PLAN OF REORGANIZATION

         THIS PURCHASE AGREEMENT AND PLAN OF REORGANIZATION (this "Agreement")
is entered into as of this 26 day of October 2001 (the "Effective Date") by and
between INPHONIC, INC., a Delaware corporation ("Buyer") and GADGETSPACE, INC.,
a North Carolina corporation ("Seller").

                                    Recitals

         WHEREAS, Seller desires to transfer to Buyer at the Closing (as
hereinafter defined), and Buyer desires to acquire from Seller substantially all
of Seller's assets, as more fully described herein, upon and subject to the
terms and conditions contained in this Agreement.

         WHEREAS, it is intended by the parties that the transaction qualify as
a tax-free reorganization within the meaning of Section 368(a)(1)(c) of the
Internal Revenue Code of 1986, as amended (the "Code"). For accounting purposes,
it is intended that the transaction be treated as a "purchase".

                                    Agreement

         Now, Therefore, in consideration of the foregoing recitals and the
mutual covenants contained herein, and other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, Buyer and Seller,
intending to be legally bound, hereby agree as set forth below.

                                    ARTICLE I

                                   DEFINITIONS

         Definitions. In addition to the terms defined elsewhere herein. when
used herein, the following capitalized terms shall have the meanings indicated:

         "Act of Bankruptcy" when used in reference to any Person, shall mean
the occurrence of any of the following with respect to such Person: (a) such
Person shall have made an assignment of all or substantially all of its assets
for the benefit of his or its creditors; (b) such Person shall have filed a
voluntary petition in bankruptcy; (c) such Person shall have been adjudicated
bankrupt or insolvent; (d) such Person shall have filed any petition or answer
seeking for himself or itself any reorganization, liquidation, dissolution or
similar relief, (e) such Person shall have sought Or consented to, or acquiesced
in, the appointment of any trustee, receiver, or liquidator of such Person of
all or substantially all of the properties of such Person; or (f) sixty (60)
days shall have elapsed after the commencement of an action against such Person
seeking reorganization, arrangement liquidation, dissolution or similar relief
without such action having been dismissed-

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         "Affiliate" when used in reference to any Person, shall mean any Person
that, directly or indirectly through one or more `intermediaries, controls, is
controlled by or is under common control with the Person in question.

         "Applicable Law(s)" shall mean any applicable federal, state, local or
foreign law, ordinance, order, regulation, rule or requirement of any
governmental or quasi-governmental agency, instrumentality, board, commission,
bureau or other authority having jurisdiction.

         "Assets" shall mean (i) all right, title and interest of Seller in and
to the assets, real property, personal property, equipment, intellectual
property, software and other property of Seller set forth on Exhibit 1 attached
hereto (the "Inventory"), (ii) all transferable net operating losses,
capitalized expenses and research and development costs of Seller which may
benefit the Buyer, (iii) a certificate of deposit in an amount of at least
$201,852, (iv) the sum of $100,000 in cash which represents prepayment of fees
under the contract between Seller and Symbol Technologies, Inc. and (v) the sum
of $1,000,000 in additional cash.

         "Material Adverse Effect" shall mean any material adverse change or any
development involving a prospective material adverse change in or affecting the
general affairs, business, prospects, management, financial position,
stockholders' equity or results of operations of a Person, taken as a whole.

         "Person" shall mean any individual, corporation, partnership, joint
venture, limited liability company, unincorporated association, trust or other
legal entity.

         "Transferred Names" shall have the meaning, set forth in Exhibit 7 to
this Agreement.

                                   ARTICLE II

              SALE AND TRANSFER OF ASSETS AND ASSUMPTION OF CERTAIN
                                   LIABILITES

         2.1 Transfer of Assets. Except as otherwise herein expressly set forth,
Seller hereby agrees that at the Closing provided for in Section 4.1 hereof (the
"Closing"), Seller shall sell, assign, transfer, convey and deliver to Buyer all
of Seller's right, title and interest in and to the Assets.

         2.2 Excluded Assets. Seller and Buyer understand and agree that the
sale, assignment, transfer, conveyance and delivery specified in Section 2.1
hereof shall not include any assets, rights or property of Seller other than
those expressly included in the definition of Assets.

         2.3 Assumed Obligations. Buyer agrees that at the Closing, Buyer shall
assume those contracts, agreements, leases, covenants, obligations and
liabilities on the list attached

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hereto as Exhibit 2 (collectively, the "Assumed Liabilities"). As of the Closing
Date, Seller, as soon as reasonably practicable thereafter, will terminate any
and all of Seller's other contracts, leases, licenses and agreements and Seller,
shall remain liable for any and all of its liabilities or encumbrances not
specifically assumed by Buyer pursuant to this Section 2.3, `including but not
limited to:

         (a)    liens and encumbrances to which the Assets are subject, or would
                have been subject to, immediately prior to Closing;

         (b)    any liability or obligation relating to taxes of Seller,
                including any interest or penalties related thereto;

         (c)    any warranty or performance liability claims relating to the
                assets which arose prior to the Closing; and

         (d)    any liability or obligation of the Seller, absolute or
                contingent, known or unknown not expressly agreed to be assumed
                pursuant to this Agreement.

                                   ARTICLE III

                                  CONSIDERATION

         3.1 Assumption of Certain Liabilities, Stock Issuance and Stock
Restriction Agreement. In full and complete payment for the Assets, Buyer agrees
to (i) the assumption of the Assumed Liabilities pursuant to Section 2.3 hereof,
(ii) issue to the Seller 2,396,825 shares of Common Stock of the Buyer, priced
at $3.15 per share, issued in the name of and paid to Seller, subject to the
terms and conditions of the Stock Restriction Agreement attached hereto as
Exhibit 3 to this Agreement and Section 3.2 herein (the "Common Stock"); and
(iii) issue to the Seller 333,333 shares of Series D-2 Preferred Stock of Buyer,
priced, at $3.15 per share, issued in the name of and paid to Seller, pursuant
to the terms and conditions of a separate Stock Purchase Agreement attached as
Exhibit 4 to this Agreement and incorporated herein by this reference (the
"Preferred Stock") (the Common Stock and the Preferred Stock are collectively
the "InPhonic Stock").

         3.2 Escrow. The Parties agree that 79,365 shares of Common Stock of the
Buyer, provided in part payment for the Assets pursuant to Section 3.1 of this
Agreement, shall be held pursuant to an Escrow Agreement in an escrow account by
Piper Marbury Rudnick & Wolfe LLP (the "Escrow Agreement") until the earlier of
(i) the inspection and acceptance of the Assets by the Buyer, pursuant to the
terms of the Escrow Agreement attached hereto as Exhibit 5 or (ii) seven (7)
calendar days from the Effective Date of this Agreement, unless a Claim Notice,
as defined under the Escrow Agreement, has been provided to the Escrow Agent;
provided, in such event, the shares held in Escrow shall be distributed pursuant
to the Escrow Agreement.

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<PAGE>

                                   ARTICLE IV

                        CLOSING AND CONDITIONS OF CLOSING

         4.1 Closing. The Closing shall occur upon the later of (i) the close of
business on October 26, 2001 or (ii) as soon thereafter as practicable following
the satisfaction or waiver of all of the Conditions to Closing set forth in
Section 4.2 of this Agreement (the "Closing Date").

         4.2 Conditions to Closing. The obligation of Seller to sell the Assets
and Buyer to purchase the Assets is subject to the satisfaction of the following
conditions precedent at or prior to the Closing (unless waived in writing by the
Parties prior to Closing or by the act of Closing):

         (a) Documents. Buyer shall have received each of the following items:

                 (i)       This Agreement, duly executed by Seller;

                 (ii)      Any amendment, consent or waiver- from any Person
                           necessary to fully give binding effect to this
                           Agreement, including but not limited to consents to
                           the assignment of contracts and leases, duly executed
                           by Seller and such Persons (the "Consents") (each
                           party hereto acknowledges that this condition is for
                           the benefit of both Buyer and Seller;

                 (iii)     The Bill of Sale in substantially the form attached
                           hereto as Exhibit 6, duly executed by Seller;

                 (iv)      Such certificates, documents of title and other
                           instruments of conveyance and transfer, if any, as
                           shall be effective to vest in Buyer good and
                           marketable title in and to the Assets free and clear
                           of all encumbrances, including, by way of example but
                           not limitation, the Trademark/Domain Assignment
                           Agreement, as attached as Exhibit 7;

                 (v)       An Officer's Certificate in substantially the form
                           attached hereto as Exhibit 8, duly executed by an
                           officer of Seller,

                 (vi)      Copies of invention assignment agreements, executed
                           by each of Seller's employees, in substantially the
                           form attached hereto as Exhibit 9;

                 (vii)     The Escrow Agreement, duly executed by Seller,

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                 (viii)    The Stock Restriction Agreement, duly executed by
                           Seller;

                 (ix)      Assignment of the certificate of deposit in an amount
                           of at least $201,852;

                 (x)       Check or wire transfer in the amount of $100,000; and

                 (xi)      Check or wire transfer of $1,000,000.

         Seller shall have received each of the following items:

                 (i)       This Agreement, duly executed by Buyer;

                 (ii)      The Certificate of Assumption in substantially the
                           form attached hereto as Exhibit 10, duly executed by
                           Buyer-,

                 (iii)     The Stock Restriction Agreement, duly executed by
                           Buyer;

                 (iv)      An Officer's Certificate, in substantially the form
                           attached hereto as Exhibit 11, duly executed by an
                           officer of Buyer;

                 (v)       The Escrow Agreement, duly executed by Buyer; and

                 (vi)      The InPhonic Shares.

         (b) Employees. Seller and Buyer understand and agree that Seller shall
terminate the employment of certain of its employees including, by way of
example but not limitation, Messrs. Ken Landry and Karl Schlatzer as of or prior
to the Closing Date. Before or promptly upon the execution of this Agreement,
Buyer may, at its option, offer employment to any of the terminated employees,
including, by way of example and not limitation, Messrs. Landry and Schiatzer,
and shall have sole responsibility for the negotiation of employment agreements
with such employees.

         (c) Approval. Seller shall have received the approval of both its board
of directors and its shareholders authorizing the consummation of the
transactions contemplated by this Agreement and the acceptance of the
restrictions outlined in the Stork Restriction Agreement (each party hereto
acknowledges that this condition is for the benefit of both Buyer and Seller).

         (d) Material Adverse Effect.. Prior to the Closing Date, neither party
shall have experienced a Material Adverse Effect relating to (i) the Assets or
(ii) the ability of Seller or Buyer to perform their respective obligations
under this Agreement.

         (e) Litigation. On the Closing Date, there shall be no lawsuits pending
against either party hereto seeking to enjoin, prohibit, restrain or otherwise
prevent the transaction contemplated by this Agreement.

                                        5

<PAGE>

         (f)  Other Documents. The provision and/or execution of such other
documents relating to the transactions contemplated by this Agreement as Buyer
may reasonably request-

         (g)  Series D-2 Documents. Prior to the Closing, Buyer and Seller shall
have negotiated mutually acceptable documents, including but not limited to
amended and restated versions of Buyer's certificate of incorporation, voting
agreement, investor rights agreement, right of first refusal and co-sale
agreement and certain other agreements, relating, to the terms of the Seller's
Series D-2 Preferred Stock (the "Preferred Documents"), the Preferred Documents
shall have been authorized by appropriate corporate action and filed or executed
by all necessary parties, including but not limited to the holders of the
Seller's other series of preferred stock, as appropriate, and the Preferred
Documents shall be fully effective-

         (h)  Seller's Financing. Prior to the Closing, Date, Seller shall have
completed its offer and sale of Series A-1 Preferred Stock to the extent
necessary to ensure that Seller has adequate cash on hand to transfer all of the
Assets and satisfy its remaining liabilities (each party hereto acknowledges
that this condition is for the benefit of both Buyer and Seller).

                                    ARTICLE V

                    REPRESENTATIONS AND WARRANTIES OF SELLER

         Except as set forth on the schedule of exceptions attached hereto as
Exhibit 12 (the "Schedule of Exceptions"), Seller represents and warrants to
Buyer as of the date hereof (which representations and warranties shall survive
the execution and delivery of this Agreement and the transfer of the Assets as
set forth in Section 9.4), as set forth below:

         5.1  Qualification. Seller represents that it is duly qualified to
conduct business as it is currently being conducted and is in -good standing as
a foreign corporation in all jurisdictions in which the nature of its business
or location of its owned and leased property and assets requires such
qualification, except where failure to be so qualified would not have a Material
Adverse Effect.

         5.2  Litigation. There are no outstanding orders, judgments, writs,
injunctions. or decrees of any court, Government Authority or arbitration or
mediation panel or tribunal against or affecting the Assets.

         5.3  Non-Contravention. Seller is not in breach of, default under, or
in violation of any Applicable Law, decree or order that may cause a Material
Adverse Effect relating to the Assets and Seller is not in breach of, default
under, or in violation of any deed, lease, loan agreement, commitment, bond,
note, deed of trust, restrictive covenant, license, indenture, contract or other
agreement, instrument or obligation to which it is a party or by which it is

                                        6

<PAGE>

bound or to which any of its respective assets is subject that may cause a
Material Adverse Effect on the Assets.

         5.4  Title. Seller has good, complete, indefeasible and marketable
title to, and ownership of, all of the Assets, free and clear of all liens,
defects, claims, security interests and encumbrances including, but not by way
of limitation, any liens or encumbrances on behalf of or otherwise related to
HA.HT Commerce, Inc.

         5.5  Taxes. Buyer acknowledges that Seller and its subsidiaries have
not timely filed with the appropriate taxing authorities, including but not
limited to the Internal Revenue Service of the United States and the Department
of Revenue of the state of North Carolina, the tax returns that they were
required to file.

         5.6  Subsidiaries. BrightPod ASP, Jnc., a Delaware corporation, is a
wholly-owned subsidiary of Seller otherwise, Seller has no subsidiaries,
Affiliates, partnerships nor any other commonly controlled or related entities.

         5.7  Intellectual Property. Seller owns, or possesses adequate rights
to use, all intellectual property (including but not limited to any patents,
trademarks, and copyrights) necessary for the conduct of its business and
neither Seller nor any of its officers have received any notice of conflict
with, or infringement of, the asserted rights of others including, but not by
way of limitation, HAHT Commerce, Inc., with respect to any such intellectual
property, and neither Seller nor any of its officers knows of any reasonable
basis therefor.

         5.8  Legal Compliance. To its knowledge, Seller (i) is not in violation
of any Applicable Law that would apply to it or to its business, the violation
of which would cause a Material Adverse Effect on the Assets (ii) Seller is not
in violation of any applicable environmental, securities or employee benefits
law, which violation would cause a Material Adverse Effect on the Assets, and
(iii) neither Seller nor, to the knowledge of Seller, any of Seller's agents,
contractors or employees has been notified of any action, suit, proceeding or
investigation which calls into question compliance by Seller.

         5.9  Licenses. Simultaneously with the Closing, Seller shall have
acquired good title or all necessary rights to all of the licenses, permits,
approval and authorizations needed to transfer the Assets to Seller in
compliance with all Applicable Laws.

         5.10 Undisclosed Liabilities. The Seller does not have any liabilities
(whether known or unknown, whether absolute or contingent whether liquidated or
unliquidated and whether due or to become due), except for (a) liabilities that
will be accrued for or reserved against in the August 31, 2001 balance sheet,
attached as Exhibit 13 to this Agreement and (b) contractual or statutory
liabilities incurred in the ordinary course of business which are not required
to be reflected on a balance sheet. There are no outstanding loans due or
deferred compensation from Seller to any employee of Seller.

                                       7

<PAGE>

         5.11 Assets. The Assets are in good operating condition (subject to
normal wear and tear) and are suitable for the purposes for which they are used
in Seller's business.

                                   ARTICLE VI

                     REPRESENTATIONS AND WARRANTIES OF BUYER

         Buyer represents and .warrants to Seller as of the date hereof (which
representations and warranties shall survive the execution and delivery of this
Agreement and the transfer of the Assets as set forth in Section 9.4) as set
forth below:

         6.1  Qualification. Buyer represents that it is duly qualified to
conduct business as it is currently being conducted and is in good standing as a
foreign corporation in all jurisdictions in which the nature of its business or
location of its owned and leased property and assets requires such qualification
except where failure to be so qualified would not have a Material Adverse
Effect.

         6.2  Litigation. There are no outstanding orders, judgments, writs,
injunctions or decrees of any court, Government Authority or arbitration or
mediation panel or tribunal against or involving Buyer likely to have a Material
Adverse Effect.

         6.3  Non-Contravention. Buyer is not in breach of, default under, or in
violation of any Applicable Law, decree or order that may cause a Material
Adverse Effect, and Buyer is not in breach of, default under, or in violation of
any deed, lease, loan agreement, commitment, bond, note, deed of trust,
restrictive covenant, license, indenture, contract or other agreement,
instrument or obligation to which it is a party or by which it is bound or to
which any of its respective assets is subject that may cause a Material Adverse
Effect.-

         6.4  Taxes. Buyer has filed all tax returns (federal, state, local and
foreign) that are required to be filed and has duly paid or fully reserved for
all taxes or installments thereof (including any interest or penalties) as and
when due which have or may become due pursuant to said returns or pursuant to
any assessment received by Buyer.

         6.5  Legal Compliance. To its knowledge, (i) Buyer is not in violation
of any Applicable Law that would apply to it or to its business, the violation
of which would cause a Material Adverse Effect, (ii) Buyer is not in violation
of any applicable environmental, securities or employee benefits law, which
violation would cause a Material Adverse Effect, and (iii) neither Buyer nor, to
the knowledge of Buyer, any of Buyer's agents, contractors or employees has been
notified of any action, suit, proceeding or investigation which calls into
question compliance by Buyer.

         6.6  Shares and Corporate Documents. All of the InPhonic Shares to be
issued hereunder have been duly authorized and when issued will be valid and
legally issued shares of the common stock and Series D-2 Preferred Stock of
Buyer, fully paid and nonassessable, free

                                        8

<PAGE>

and clear of all liens or encumbrances, and not in violation of any preemptive
or similar rights or any securities laws. Prior to the Effective Date, Buyer has
delivered to Seller a true, correct, and complete copy of the current
certificate of incorporation and bylaws of Buyer. All common stock issued to
Seller shall be subject to the terms of the Stock Restriction Agreement.

         6.7  Undisclosed Liabilities. The Buyer does not have any liabilities
(whether known or unknown, whether absolute or contingent whether liquidated or
unliquidated and whether due or to become due), except for (a) liabilities that
will be accrued for or reserved against in the August 31, 2001 balance sheet,
attached as Exhibit 14 to this Agreement and (b) contractual or statutory
liabilities incurred in the ordinary course of business which are not required
to be reflected on a balance sheet. Buyer's balance sheet attached hereto and
the related income statement attached hereto as Exhibit 15 were prepared in
accordance with generally accepted accounting principals and fairly present the
assets, liabilities, financial condition and results of operations of Buyer as
of the date indicated and for the period referred to therein. Except as
disclosed in writing to Buyer, there have been no events, changes or effects
with respect to Buyer or its subsidiaries that, individually or in the
aggregate, have had or reasonably would be expected to have had a Material
Adverse Effect.

                                  ARTICLE VIII

                      MUTUAL REPRESENTATIONS AND WARRANTIES

         Each party hereto represents and warrants to the other party as of the
date hereof (watch representations and warranties shall survive the execution
and delivery of this Agreement and the transfer of the Assets) as set forth
below:

         7.1  Organization; Good-Standing.

         (a)  Seller is a corporation duly formed, validly organized and in good
standing in the State of North Carolina. All of Seller's documents related to
its status as a corporation are in full force and effect as of the date hereof

         (b)  Buyer is a corporation duly formed, validly organized and in good
standing, in the State of Delaware. All of Buyer's documents related to its
status as a corporation are in full force and effect as of the date hereof.

         7.2  No Untrue Statements or Material Omissions. Each party hereto
represents to the. other party hereto, on its own respective behalf, that no
statement in writing furnished by such party to the other party in connection
with the transactions contemplated herein contains any untrue statement of
material fact or omits to state a material fact necessary to make the statement
not misleading in any material respects.

         7.3  No Default. Each party hereto represents to the other party, on
its own respective behalf, that neither the execution and delivery of this
Agreement nor the performance by such

                                        9

<PAGE>

party of its respective obligations hereunder will cause any such breach,
default or violation or will require the consent or approval of any court or
governmental authority, except as expressly contemplated by the terms of this
Agreement.

         7.4  Power and Authority. Each party hereto represents to the other
party, on its own respective behalf, that (i) it has full power and authority to
enter into this Agreement any other related documents, to incur the obligations
as contemplated hereby, and to carry out the provisions of this Agreement; and
(ii) it has taken all action necessary for the execution and delivery of this
Agreement and each of the other related documents and for the performance of
each of its obligations hereunder, and thereunder, as evidenced by corporate
resolution(s) or other authorization.

         7.5  Enforceability. Upon execution and delivery by each of the parties
hereto, this Agreement and any other related document shall be the legal, valid
and binding obligations of each party and shall be enforceable against each
party in accordance with their respective terms.

                                  ARTICLE VIII

                            TERMINATION OF AGREEMENT

         This Agreement may be terminated at any time prior to the Closing:

         (a)  By written agreement of Buyer and Seller.

         (b)  By Buyer, upon ten (10) days' prior written notice to Seller if
              (i) there has been a material violation or breach by Seller of any
              of the agreements, representations or warranties (except to the
              extent that Seller has made exception thereto in the Schedule of
              Exceptions attached hereto) contained in this Agreement, or (ii)
              if any of the conditions set forth in Section 4.2 have not been
              materially satisfied by the Closing, and either (i) or (ii) have
              not been waived in writing by Buyer or cured within such ten-day
              period.

         (c)  By Seller, upon ten (10) days' prior written notice to Buyer if
              (i) there has been a material violation or breach by Buyer of any
              of the agreements, representations or warranties contained in this
              Agreement, or (ii) if any of the conditions set forth in Section
              4.2 have not been materially satisfied by the Closing, and either
              (i) or (ii) have not been waived in writing by Seller or cured
              within such ten-day period.

         (d)  By either party hereto if the transactions contemplated by this
              Agreement shall not have been consummated on or before 12:00 p.m.
              November 12, 200 1.

         (e)  By either party hereto if the other makes an assignment for the
              benefit of creditors, files a voluntary petition in bankruptcy or
              seeks or consents to any reorganization or similar relief under
              any present or future bankruptcy act or similar law, or is

                                       10

<PAGE>

          adjudicated a bankrupt or insolvent, or if a third party commences any
          bankruptcy, insolvency, reorganization or similar proceeding
          involving, the other.

     (f)  By either party if the holders of more than 10% of Seller's shares
          dissent at the shareholders' meeting called to approve the
          transactions contemplated by this Agreement.

                                   ARTICLE IX

                                  MISCELLANEOUS

     9.1  Non-Waiver. No course of dealing between the parties or any failure or
delay on the part of either party in exercising any rights or remedies hereunder
shall operate as a waiver of any rights or remedies of either party under this
or any other applicable instrument. No single or partial exercise of any rights
or remedies hereunder shall operate as a waiver or preclude the exercise of any
other rights or remedies hereunder.

     9.2  Indemnification.

     (a)  Seller. Seller hereby agrees to defend, indemnify and hold harmless
Buyer against any and all actions, suits, proceedings, claims, demands,
judgments, costs and expenses directly related to or arising from (i) the breach
of a representation or warranty by Seller herein or the documents delivered at
Closing or (ii) (ii) any liabilities of Seller not assumed by Buyer at Closing.

     (b)  Buyer. Buyer hereby agrees to defend, indemnify and hold harmless
Seller against any and all actions, suits, proceedings, claims, demands,
judgments, costs and expenses directly related to or arising from (i) the breach
of a representation or warranty by Seller herein or the documents delivered at
Closing or (ii) any of the Assumed Liabilities.

     (c)  Procedure. The indemnified party shall promptly notify the
indemnifying, party in writing of any claim, demand, action or proceeding for
which indemnification will be sought under Sections 9.2(a) or 9.2(b), and, if
such claim, demand, action or proceeding is a third party claim, demand, action
or proceeding, the indemnifying party will have the right at its expense to
assume the defense thereof using counsel reasonably acceptable to the
indemnified party. The indemnified party shall have the right to participate, at
its own expense, with respect to any such third party claim, demand, action or
proceeding. In connection with any such third party claim, demand, action or
proceeding, Buyer and Seller shall cooperate with each other and provide each
other with access to relevant books and records in their possession related to
such claim. No such third party claim, demand, action or proceeding shall be
settled without the prior written consent of the indemnified party, which
consent shall not be unreasonably withheld. If a firm written offer is made to
settle any such third party claim, demand, action or proceeding, which offer
does not involve any injunctive or non-monetary relief against the indemnified
party, and

                                       11

<PAGE>

the indemnifying party proposes to accept such settlement and the indemnified
party refuses to consent to such settlement, then: (i) the indemnifying party
shall be excused from, and the indemnified party shall be solely responsible
for, all further defense of such third party claim, demand, action or proceeding
and (ii) the maximum liability of the indemnifying party relating to such third
party claim, demand, action or proceeding shall be the amount of the proposed
settlement if the amount thereafter recovered from the indemnified party on such
third party claim, demand, action or proceeding is greater than the amount of
the proposed settlement. In the event that Buyer or Seller shall fail to make
such commercially reasonable efforts to mitigate or resolve any claim or
liability, then notwithstanding, anything else to the contrary herein, the other
party shall not be required to indemnify any person for any Losses that could
reasonably be expected to have been avoided if Buyer or Seller, as the case may
be, had made such efforts.

     9.3  Notices. All notices or communications under this Agreement or the
Debenture shall be to the following addresses (or to such other address as shall
at any time be designated by any party in writing to the other parties):

To Buyer:                InPhonic, Inc.
                         1010 Wisconsin Avenue, NW
                         Suite 250
                         Washington, DC 20007
                         Attention:  David A. Steinberg, CEO

With a copy to:          Piper Marbury Rudnick & Wolfe LLP
                         1200 Nineteenth Street NW
                         Washington, DC 20036-2412
                         Attention:  Ned Martin, Esquire

To Seller:               GadgetSpace, Inc.
                         C/o Wyrick Robbins Yates & Ponton, LLP
                         4101 Lake Boone Trail, Suite 300
                         Raleigh, North Carolina 27607
                         Attention:  W. David Mannheim

With a copy to:          Harbinger/Aurora Venture Funds
                         2525 Meridian Parkway
                         Suite 220,
                         Durham, North Carolina 27713
                         Attention:  Richard C. Brown

     Notice shall be deemed given three days after deposit in the U.S. mail,
postage prepaid, or one day after deposit with a nationally recognized overnight
delivery service. Rejection or other refusal to accept, or the inability to
deliver because of a changed address of which no notice was given, shall not
affect the effectiveness or the date of delivery for any notice sent in
accordance with the foregoing provisions.

                                       12

<PAGE>

     9.4  Binding Agreement; Survival. This Agreement shall inure to the benefit
of, and be binding upon, Seller and Buyer, and their respective legatees,
distributees, estates, executors, administrators, personal representatives,
successors and assigns, and other legal representatives. All representations,
warranties, covenants and agreements by the parties contained in this Agreement
shall survive the Closing for a period of one (1) year from the Closing Date.

     9.5  Entire Agreement; Integration Clause. This Agreement and the Exhibits
hereto set forth the entire agreement and understanding of the parties hereto
with respect to this transaction, and any prior agreements are hereby merged
herein and terminated.

     9.6  Brokerage. Buyer warrants that it has made no arrangement for
brokerage commissions, finders' fees or similar compensation in connection with
the transactions contemplated by this Agreement and Buyer and Seller acknowledge
and agree that Seller has a finders' fee arrangement with Hank Firey, an
individual. Seller shall satisfy its obligations to Hank Firey subsequent to the
Closing and agrees to indemnify Buyer against any claim by Hank Firey relating
to this finders liability, based an any arrangement or agreement binding upon
either party.

     9.7  No Oral Modification or Waivers. The terms herein may not be modified
or waived orally, but only by an instrument in writing signed by the party
against which enforcement of the modification or waiver (as the case may be) is
sought.

     9.8  Controlling Law; Venue. This Agreement and each of the other documents
ancillary hereto shall be governed by, and interpreted and construed in
accordance with, the internal laws of the State of Maryland (without regard to
its conflicts of law principles). Venue for the adjudication of any claim or
dispute arising out of this Agreement or any of the other ancillary documents
shall be proper only in the state or federal courts of the State of Maryland,
and all parties to this Agreement and its ancillary documents hereby consent to
such venue.

     9.9  Headings. The headings of this Agreement and each of the other
documents ancillary hereto are inserted for convenience only and shall not be
deemed to constitute a part of this Agreement or such ancillary documents.

     9.10 Severabilitv. To the extent any provision herein violates any
applicable law, that provision shall be considered void and the balance of this
Agreement shall remain unchanged and in full force and effect.

     9.11 Public Disclosure. Except as otherwise herein expressly set forth,
Seller and Buyer agree not to make or cause to be made, whether orally or in
writing or otherwise, any public announcement or disclosure with respect to the
transactions contemplated by this Agreement or any of the provisions of this
Agreement without the prior written approval by the other party of the form and
content of such announcement or disclosure.

                                       13

<PAGE>

     9.12 Counterparts. This Agreement may be executed in as many counterpart
copies as may be required. All counterparts shall collectively constitute a
single agreement

     9.13 Press Releases and Announcements. No party shall issue any press
release or public disclosure relating to the subject matter of this Agreement
without the prior written approval of the other party; provided, however, that
any party may make any public disclosure it believes in good faith is required
by law or regulation (in which case the disclosing party shall advise the other
party and provide them with a copy of the proposed disclosure prior to making
the disclosure).

     9.14 Third Party Beneficiary. This Agreement shall not confer any rights or
remedies upon any person other than the parties and their respective successors
and permitted assigns.

     9.15 Expenses. Each party shall be responsible for its own costs and
expenses (including legal, financial advisory, investment banking and accounting
fees and expenses) incurred in connection with this Agreement and the
transactions contemplated hereby.

     9.16 Tax Treatment Buyer and Seller hereby agree and covenant that they
shall not (before or after the Closing Date and individually or collectively)
take any action and shall not (before or after the Closing) fail to take any
action which action or failure to act would prevent, or would be reasonably
likely to prevent, the transactions contemplated hereby from qualifying as a
reorganization within the meaning of Section 368(l)(c) of the Code.

     9.17 Dissolution. Buyer and Seller hereby agree that from and after the
Closing Date, Seller will not engage in any new business, will promptly
liquidate and dissolve as a corporation, and will distribute to Seller's
shareholders the InPhonic Shares.

                            SIGNATORY PAGE TO FOLLOW

                                       14

<PAGE>

     In Witness Whereof, the undersigned have executed and delivered this
Agreement as of the day and year first above written.

INPHRONIC, INC                                GADGETSPACE, INC.

/s/ David A. Steinberg                        /s/ David Motsinger
_____________________________________         __________________________________
Name: _______________________________         Name: ____________________________
Title: ______________________________         Title: ___________________________

                                       15

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