Document:

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                                                                    EXHIBIT 4.3
                                    FORM OF

                               WARRANT AGREEMENT

                  To Purchase _________ Shares of Common Stock
                          Dated as of January 1, 2000

                              DEMANDSTAR.COM, INC.
                             a Florida Corporation

                          Issue Date: January 1, 2000

         THIS CERTIFIES THAT, [NAME OF HOLDER] ("Warrant Holder"), with an
address at _____________________________________, is entitled, upon the terms
and subject to the conditions of this Warrant Agreement (the "Warrant
Agreement"), to warrants granting the right to subscribe for and purchase
fully-paid and non-assessable shares of common stock, par value $.0001 per
share (the "Common Stock"), of DemandStar.com, Inc., a Florida corporation (the
"Company").

         1.    ISSUANCE OF WARRANTS. On the Issue Date, the Company will issue
to the Warrant Holder warrants (the "Warrants") to acquire __________ shares of
the Common Stock (the " Warrant Shares") on the terms and conditions set forth
herein.

         2.    EXERCISE PRICE. The Warrants shall have an exercise price of
$2.00 per share of Common Stock, as adjusted pursuant to the provisions of
Section 8 of this Warrant Agreement (the "Exercise Price").

         3.    VESTING AND TERM.

              (a) Vesting. Except as otherwise provided for herein, the term of
the Warrants and the right to purchase Warrant Shares as granted herein shall
automatically vest on the Issue Date.

              (b) Term. Warrants may be exercised at any time and from time to
time up to 5:00 p.m., Eastern Standard Time, on the second anniversary of the
Issue Date (the "Expiration Date").

         4.   EXERCISE OF WARRANTS.

              (a) Exercise. The Warrants and the purchase rights represented
thereby are exercisable by the Warrant Holder, in whole or in part, at any time
after they vest until 5:00 p.m., Eastern Standard Time, on the Expiration Date
in accordance with the procedures set forth in Section 4(b) below. Upon receipt
of the items required under Section 4(b) and the Warrant Holder's fulfillment
of the other terms of Section 4(b), the Company shall issue to the Warrant
Holder a certificate for the number of shares of Common Stock purchased. The
Warrant Holder, upon exercise of the Warrants, shall be deemed to have become
the holder of the Warrant Shares represented thereby (and such Warrant Shares
shall be deemed to have been issued) immediately prior to the close of business
on the date or dates upon which the Warrants are exercised. In the event of any
exercise of the rights represented by the Warrants, certificates for the
Warrant Shares so purchased shall be delivered to the Warrant Holder as soon as
practical and in any event within ten (10) business days after receipt of such
notice and, unless the Warrants have been fully exercised or expired, new
Warrants representing the remaining portion of the Warrants and the underlying
Warrant Shares, if any, with respect to which this Warrant Agreement shall not
then have been exercised shall also be issued to the Warrant Holder as soon as
possible and in any event within such ten (10) day period.

              (b) Method of Exercise. The Warrants may be exercised, at the
election of the Warrant Holder, by the tender of the Notice of Exercise in the
form attached hereto as Exhibit A (the "Notice of Exercise")

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and the surrender of the Warrants at the principal office of the Company and by
the payment to the Company, by check, cancellation of indebtedness or other
form of payment acceptable to the Company, of an amount equal to the then
applicable Exercise Price per share multiplied by the number of Warrant Shares
then being purchased. Notwithstanding any provisions herein to the contrary, if
the fair market value of one share of Common Stock is greater than the Exercise
Price (at the date of calculation as set forth below), in lieu of exercising
the Warrants for cash, the Warrant Holder may elect to receive Warrant Shares
equal to the value (as determined below) of the Warrants (or portion thereof
being canceled) by surrender of the Warrants at the principal office of the
Company together with the duly executed Notice of Exercise in which event the
Company shall issue to the Warrant Holder a number of shares of the Common
Stock computed using the following formula:

                                   X= Y (A-B)
                                      -------
                                         A

              WHERE X= the number of shares of Common Stock to be issued to the
              Warrant Holder;

              Y= the number of shares of the Common Stock purchasable under the
              Warrants or, if only a portion of the Warrants is being
              exercised, the portion of the Warrants being canceled (at the
              date of such calculation);

              A= the fair market value of one share of the Company's Common
              Stock (at the date of such calculation); and

              B= Exercise Price (at the date of such calculation).

For purposes of this Section 4(b), fair market value means, with respect to
Common Stock, awards or other property, as of a particular date, (i) if the
Common Stock is listed on a national securities exchange, the closing sales
price per share of Common Stock on the consolidated transaction reporting
system for the principal such national securities exchange on that date, or, if
there shall have been no such sale so reported on that date, on the last
preceding date on which such a sale was so reported, (ii) if the Common Stock
is not so listed, but is quoted in the Nasdaq National Market System, the
closing sales price per share of Common Stock on the Nasdaq National Market
System on that date, or, if there shall have been no such sale so reported on
that date, on the last preceding date on which such a sale was so reported,
(iii) if the Common Stock is not so listed or quoted, the mean between the
closing bid and asked price on that date, or, if there are no quotations
available for such date, on the last preceding date on which such quotations
shall be available, as reported by Nasdaq, or, if not reported by Nasdaq, by
the National Quotation Bureau, Inc., (iv) if the date on which shares of Common
Stock are first issued and sold pursuant to a registration statement filed with
and declared effective by the Securities and Exchange Commission, the initial
public offering price of the shares so issued and sold, as set forth in the
first final prospectus used in such offering and (v) if such date is prior to
the date of the initial public offering, the price shall be as determined by
the Board to be the fair market value.

         5.   RESERVATION OF WARRANT SHARES. The Company will at all times have
authorized and reserved a sufficient number of shares of Common Stock to
provide for the exercise of the rights to purchase the Warrant Shares
represented by the Warrants as provided in this Warrant Agreement. All of the
Warrant Shares shall be duly authorized and, when issued upon such exercise,
shall be validly issued, fully paid and nonassessable, and free and clear of
all preemptive rights.

         6.   NO FRACTIONAL WARRANT SHARES. No fractional shares or scrip
representing fractional shares shall be issued upon the exercise of a Warrant.

         7.   NO RIGHTS AS SHAREHOLDER. Neither the Warrants nor this Warrant
Agreement shall entitle the Warrant Holder to any voting rights or other rights
as a shareholder of the Company prior to the exercise of the Warrant.

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         8.   ADJUSTMENT RIGHTS. The Exercise Price and the number of shares of
Common Stock purchasable under the Warrants issued hereunder are subject to
adjustment from time to time, as follows:

              (a) Merger. If at any time there shall be a merger or
consolidation of the Company with or into another corporation when the Company
is not the surviving corporation, then, as part of such merger or
consolidation, lawful provision shall be made so that the Warrant Holder shall
thereafter be entitled to receive upon exercise of the Warrants, during the
period specified herein and upon payment of the aggregate Exercise Price due
therefor, the number of shares of stock or other securities or property of the
successor corporation resulting from such merger or consolidation, to which a
holder of the stock deliverable upon exercise of the Warrants issued pursuant
to this Warrant Agreement would have been entitled in such merger or
consolidation if such Warrants had been exercised immediately before such
merger or consolidation. In any such case, appropriate adjustment shall be made
in the application of the provisions of this Warrant Agreement with respect to
the rights and interests of the Warrant Holder after the merger or
consolidation. The Company will not effect any such merger or consolidation
unless, prior to the consummation thereof, the successor corporation shall
assume, by written instrument reasonably satisfactory in form and substance to
the Warrant Holder, the obligations of the Company under the Warrants and this
Warrant Agreement.

              (b) Reclassification, Etc. If the Company at any time shall, by
subdivision, combination or reclassification of securities or otherwise, change
any of the securities which may then be purchased under the Warrants into the
same or a different number of securities of any other class or classes, then
the Warrants shall thereafter represent the right to acquire such number and
kind of securities as would have been issuable as the result of such change
with respect to the securities which were subject to the Warrants immediately
prior to such subdivision, combination, reclassification or other change.

              (c) Split, Subdivision or Combination of Warrant Shares. If the
Company at any time shall split or subdivide its Common Stock, the Exercise
Price shall be proportionately decreased and the number of Warrant Shares
issuable pursuant to the Warrants shall be proportionately increased. If the
Company at any time shall combine or reverse split its Common Stock, the
Exercise Price shall be proportionately increased and the number of Warrant
Shares issuable pursuant to the Warrants shall be proportionately decreased.
The adjustment shall be such as will give the Warrant Holder upon exercise for
the same aggregate Exercise Price the total number, class and kind of shares as
the Warrant Holder would have owned had the Warrants been exercised prior to
the event and had the Warrant Holder continued to hold such shares until after
the event requiring adjustment under this Section 8(c).

              (d) Stock Dividends. If the Company at any time shall pay a
dividend payable in Common Stock, then the Exercise Price shall be adjusted,
from and after the date of determination of shareholders entitled to receive
such dividend, to that price determined by multiplying the Exercise Price in
effect immediately prior to such date of determination by a fraction (i) the
numerator of which shall be the total number of shares of Common Stock
outstanding immediately prior to such dividend and (ii) the denominator of
which shall be the total number of shares of Common Stock outstanding
immediately after such dividend. The Warrants shall thereafter entitle their
respective holders to purchase, at the Exercise Price resulting from such
adjustment, the number of shares of Common Stock (calculated to the nearest
whole share) obtained by multiplying (x) the Exercise Price in effect
immediately prior to such adjustment by (y) the number of shares of Common
Stock issuable upon the exercise hereof immediately prior to such adjustment
and dividing the product thereof by the Exercise Price resulting from such
adjustment.

              (e) Other Changes. If any change in the outstanding Common Stock
or any other event occurs as to which the other provisions of this Section 8
are not strictly applicable or if strictly applicable, would not fairly protect
the purchase rights of the Warrant Holder in accordance with such provisions,
then the Board of Directors of the Company shall make an adjustment in the
number of and class of shares available under the Warrants, the Exercise Price
or the application of such provisions, so all adjustments shall be made so that
the holders of the Warrant shall not be adversely affected by such transaction.
The adjustment shall be such as will give the Warrant Holder upon exercise for
the same aggregate Exercise Price the total number, class and kind of shares

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as the Warrant Holder would have owned had the Warrants been exercised prior to
the event and had the Warrant Holder continued to hold such shares until after
the event requiring adjustment.

              (f) Notice of Adjustments; Notices. Whenever the Exercise Price
or number or kind of securities purchasable under the Warrants shall be
adjusted pursuant to Section 8 hereof, the Company shall issue a certificate
signed by its Chief Executive Officer President or Chief Financial Officer
setting forth, in reasonable detail, the event requiring the adjustment, the
amount of the adjustment, the method by which such adjustment was calculated
and the Exercise Price and the kind and number of securities purchasable
hereunder after giving effect to such adjustment, and shall cause a copy of
such certificate to be mailed (by first class mail, postage prepaid) to the
Warrant Holder. The Company shall give written notice to the Warrant Holder at
least ten (10) business days prior to the date on which the Company closes its
books or takes a record for determining rights to receive any dividends or
distributions. The Company shall also give written notice to the Warrant Holder
at least thirty (30) business days prior to the date on which a merger or
consolidation of the Company with or into another corporation when the Company
is not the surviving corporation shall take place.

              (g) No Change of Warrant Necessary. Irrespective of any
adjustment in the Exercise Price or in the number or kind of securities
issuable upon exercise of the Warrants, unless the Warrant Holder otherwise
requests, the Warrants and this Warrant Agreement may continue to express the
same price and number and kind of shares of Common Stock as are stated in this
Warrant Agreement as initially executed.

         9.   REDEMPTION. The Warrants represented by this Warrant Agreement are
not redeemable by the Company at any time.

        10.   COMPLIANCE WITH SECURITIES ACT; TRANSFERABILITY OF WARRANT AND
WARRANT SHARES.

              (a) Compliance with Securities Act. The Warrant Holder, by
acceptance hereof, agrees that the Warrants, and the securities to be issued
upon exercise of the Warrants, are being acquired for investment and that such
Warrant Holder will not offer, sell or otherwise dispose of the Warrants or any
securities to be issued upon exercise of the Warrants except under
circumstances which will not result in a violation of the Securities Act of
1933, as amended (the "Securities Act"), or any applicable state securities
laws. The Warrants and all securities issued upon exercise of the Warrants
(unless registered under) the Securities Act and any applicable state
securities laws) shall be stamped or imprinted with a legend in substantially
the following form:

              "THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES
              ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAW AND MAY NOT
              BE SOLD OR OFFERED FOR SALE, PLEDGED, HYPOTHECATED OR OTHERWISE
              TRANSFERRED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT
              RELATED THERETO UNDER SAID ACT AND APPLICABLE STATE SECURITIES
              LAWS OR UNLESS SUCH REGISTRATION IS NOT REQUIRED TO EFFECTUATE
              SUCH TRANSACTION, AND IF REASONABLY REQUESTED BY THE COMPANY, THE
              COMPANY HAS RECEIVED AN OPINION OF COUNSEL TO THAT EFFECT."

              (b) Transfer. Subject to the provisions of the Securities Act and
any applicable state securities laws, the Warrants and any related rights
hereunder may be sold, transferred, pledged or otherwise disposed of, in whole
or in part, to any person. Any transfer or sale or attempted transfer or sale
of rights under this Warrant Agreement or any of the Warrants in violation of
any provision of this Agreement shall be void, and the Company shall not record
such transfer on its books or treat any purported transferee of the Warrant as
the owner of the Warrant or any other rights related to this Agreement for any
purpose.

              (c) Exchange, Transfer, Assignment or Loss of Warrants. The
Warrants cannot be exchanged, transferred or assigned otherwise than in
accordance with the provisions of this Agreement. If the provisions of this
Agreement are complied with, upon surrender of the Warrants to the Company with
the Assignment Form annexed hereto as Exhibit B duly executed, and funds
sufficient to pay any transfer tax, the

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Company shall, without charge, execute and issue a new Warrant in the name of
the heir, devisee or assignee named in such instrument of assignment and the
assigned Warrant shall promptly be canceled.

        11.   RESTRICTED SECURITIES. The Warrant Holder understands that the
Warrants hereunder are exempt pursuant to Section 4(2) of the Securities Act
based on the representations of the Warrant Holder set forth herein. The
Warrant Holder also understands that if the securities issued pursuant to the
exercise of Warrants have not been registered under the Securities Act as of
their issue, they will be issued pursuant to the same exemption. The Warrant
Holder represents that it is experienced in evaluating companies such as the
Company, has such knowledge and experience in financial and business matters as
to be capable of evaluating the merits and risks of its investment and has the
ability to suffer the total loss of the investment. The Warrant Holder further
represents that it has had the opportunity to ask questions of and receive
answers from the Company concerning the terms and conditions of this Agreement,
the Warrants the shares, the business of the Company, and to obtain additional
information to such Warrant Holder's satisfaction. The Warrant Holder is an
"Accredited Investor" within the meaning of Rule 501 of Regulation D under the
Securities Act, as presently in effect.

        12.   REGISTRATION RIGHTS.

              (a) Certain Definitions. As used in this Section 12, the
following terms shall have the following respective meanings:

                  (i)   "Commission" shall mean the Securities and Exchange
Commission or any other federal agency at the time administering the Securities
Act.

                  (ii)  "Holder" shall mean any holder of outstanding
Registrable Securities.

                  (iii) The terms "Register", "Registered" and "Registration"
refer to a registration effected by preparing and filing a registration
statement in compliance with the Securities Act ("Registration Statement"), and
the declaration or ordering by the Commission of the effectiveness of such
Registration Statement.

                  (iv)  "Registrable Securities" shall mean the Warrant
Shares so long as certificates representing the same are required to bear the
restrictive legend set forth in Section 10.

                  (v)   "Registration Expenses" shall mean all expenses
incurred by the Company in complying with Section 12, including, without
limitation, all federal and state registration, qualification and filing fees,
printing expenses, fees and disbursements of counsel for the Company, blue sky
fees and expenses, and the expense of any special audits incident to or
required by any such Registration.

                  (vi)  "Restriction Termination Date' shall mean, with
respect to any Registrable Securities, the earliest of (A) the date that such
Registrable Securities shall have been registered and sold or otherwise
disposed of in accordance with the intended method of distribution by the
seller or sellers thereof set forth in the registration statement covering such
Registrable Securities or transferred in compliance with Rule 144, (B) the date
that an opinion of counsel to the Company (reasonably satisfactory in both form
and substance to the Company) containing reasonable assumptions shall have been
rendered to the effect that neither the legend nor the restrictions on transfer
contained in this agreement are required to insure compliance with the
Securities Act and, based upon such opinion, the legend referred to in Section
10 shall have been removed and (C) the date as of which the Company shall have
notified the Holder of such Registrable Securities in writing that it has
determined that such Registrable Securities may be sold pursuant to Rule 144
(or any successor provision) without restriction under Rule 144(e) thereof,
and, based upon such determination, the legend shall have been removed.

                  (vii) "Selling Expenses" shall mean all underwriting
discounts and selling commissions applicable to the sale of Registrable
Securities pursuant to this Agreement.

              (b) Company Registration. If (but without any obligation to do
so) the Company proposes to Register at any time prior to the Restriction
Termination Date (including for this purpose a Registration effected by

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the Company for shareholders other than the Holder) any of its stock or other
securities under the Securities Act in connection with the underwritten public
offering of such securities solely for cash (other than a Registration of
securities in connection with mergers, acquisitions, exchange offers,
distributions to the Company's shareholders, or stock option or other employee
benefit plans or a Registration in any form which does not include
substantially the same information as would be required to be included in a
registration statement covering the sale of the Registrable Securities), the
Company shall, at each such time, promptly give Holder written notice of such
Registration. Upon the written request of Holder given within fifteen (15) days
after mailing of such notice by the Company, the Company shall, subject to the
following provisions, use all reasonable efforts to cause to be included in
such Registration all of the Registrable Securities that Holder has requested
to be included.

              The Company shall not be required under this Subsection 12(b) to
include any of the Holder's securities in an underwritten offering of the
Company's securities unless such Holder accepts the terms of the underwriting
as agreed upon between the Company and the underwriters selected by it, and
then only in such quantity as will not, in the opinion of the managing
underwriters, interfere with the successful marketing of the offering by the
Company.

              (c) Blue Sky. In the event of any Registration pursuant to this
Section 12, the Company will exercise its best efforts to Register and qualify
the Registrable Securities covered by the Registration Statement under such
other securities or Blue Sky laws of such jurisdictions as shall be reasonably
requested by the Holders for the distribution of such securities; provided,
however, that the Company shall not be required to qualify to do business, to
file a general consent to service of process or to subject itself to taxation
in any state or jurisdiction in which it is not now qualified. The Company will
furnish to the Holder written advice of its counsel with respect to
registration or exemption of such Registrable Securities in such jurisdictions.

              (d) Expenses of Registration. All Registration Expenses incurred
in connection with a Registration pursuant to Subsection 12(b) shall be borne
by the Company. All Selling Expenses associated with the sale of Registrable
Securities attributable to Holder shall be borne by the Holder.

              (e) Registration Procedures.

                  (i)   Advice by Company. The Company  will keep the Holder
advised as to the initiation and completion of such Registration. At its
expense the Company will (A) use its best efforts to keep such Registration
effective until the earlier of the date on which the Holder has completed the
distribution described in the Registration Statement or the Restriction
Termination Date with respect to such Securities; and (B) furnish such number
of prospectuses (including preliminary prospectuses) and other documents as the
Holder from time to time may reasonably request.

                  (ii)  Amendments. The Company will promptly prepare and file
with the Commission such amendments and prospectus supplements, including
post-effective amendments, to the Registration Statement as the Company
determines may be necessary or appropriate, and use its best efforts to have
such post-effective amendments declared effective as promptly as practicable;
cause the related prospectus to be supplemented by any prospectus supplement,
and as so supplemented, to be filed with the Commission; and notify the Holder
of any securities included in such Registration Statement and the underwriter
thereof, if any, promptly when a prospectus, any prospectus supplement or
post-effective amendment must be filed or has been filed and, with respect to
any post-effective amendment, when the same has become effective.

                  (iii) Underwritten Offerings. At the request of the Holder
requesting Registration of Registrable Securities pursuant to this Section 12,
on the date that such Registrable Securities are delivered to the underwriters
for sale pursuant to such Registration in an underwritten offering pursuant to
Subsection 12(b), the Company will (A) furnish (i) an opinion, dated as of such
date, of the independent counsel representing the Company for the purposes of
such Registration, addressed to the underwriter, in a customary form and
covering matters of the type customarily covered in such legal opinions; and
(ii) a comfort letter dated as of such date, from the independent certified
public accountants of the Company addressed to the underwriter in a customary
form and covering matters of the type customarily covered by such comfort
letters; such opinion of counsel shall additionally

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cover such other legal matters with respect to the Registration in respect of
which such opinion is being given as such underwriter may reasonably request
and such letter from the independent certified public accountants shall
additionally cover such other financial matters (including information as to
the period ending not more than five (5) business days prior to the date of
such letter) with respect to the Registration in respect of which such letter
is being given as such underwriter may reasonably request; and (B) with such
Holder, enter into customary agreements (including an underwriting agreement in
customary form) and take such other actions as are reasonably required in order
to expedite or facilitate the disposition of such Registrable Securities.

              (f) Information Furnished by Holder. It shall be a condition
precedent to the Company's obligations under this Agreement that the Holder
furnish to the Company in writing such information regarding such Holder and
the distribution proposed by such Holder as the Company may reasonably request.

              (g) Holders' Indemnification of Company. Holder will, if
Registrable Securities held by Holder are included in the Securities as to
which a Registration is being effected pursuant to this Agreement, indemnify
the Company, each of its directors and officers, each underwriter, if any, of
the Company's securities covered by such a Registration Statement, each person
who controls the Company or such underwriter within the meaning of the
Securities Act, against all claims, losses, damages and liabilities (or actions
in respect thereof) arising out of or based upon any untrue statement (or
alleged untrue statement) of a material fact contained in any such Registration
Statement or related prospectus, or any omission (or alleged omission) to state
therein a material fact required to be stated therein or necessary to make the
statements therein not misleading; and will reimburse the Company, such
directors, officers, partners, persons, underwriters or control persons for any
legal and any other expenses reasonably incurred in connection with
investigating or defending any such claim, loss, damage, liability or action,
in each case to the extent, but only to the extent, that such untrue statement
(or alleged untrue statement) or omission (or alleged omission) is made in such
Registration Statement or prospectus in reliance upon and in conformity with
written information furnished to the Company by Holder and stated to be
specifically for use in connection with the offering of Securities of the
Company.

              (h) Transfer of Rights. As defined herein, the term Transfer
shall mean any sale, hypothecation, transfer or other disposition of
Registrable Securities or any interest therein other than a sale registered
under a Registration Statement. The right to cause the Company to Register
Registrable Securities granted by the Company to Holder under this Section 12
may not be assigned by Holder to any transferee of the Warrants or the Warrant
Shares.

        13.   MISCELLANEOUS.

              (a) No Consequential Damages. No party hereto shall be entitled
to consequential damages as a result of any breach of a covenant,
representation or warranty contained herein.

              (b) Notices. All notices, demands and other communications
provided for or permitted hereunder shall be made in writing and shall be by
registered or certified first-class mail, return receipt requested, telecopier,
courier service or personal delivery:

                  (i)   if to the Company, to:

                        DemandStar.com, Inc.
                        1551 Sandspur Road
                        Suite B
                        Maitland, Florida 32751

                  (ii)  if to the Warrant Holder, to:

                        ____________________________________

                        ____________________________________

                        ____________________________________

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              All such notices and communications shall be deemed to have been
duly given when delivered by hand, if personally delivered; when delivered by
courier, if delivered by commercial courier service; five (5) business days
after being deposited in the mail, postage prepaid, if mailed; and when receipt
is mechanically acknowledged, if telecopied.

              (c) Successors and Assigns; Third Party Beneficiaries. This
Agreement shall inure to the benefit of and be binding upon the Warrant Holder
and the Company and their respective successors and permitted assigns. No
person, other than the Warrant Holder and the Company and their respective
successors and permitted assigns, is intended to be a beneficiary of this
Agreement.

              (d) Amendment and Waiver.

                  (i)   No failure or delay on the part of the  Company, or the
Warrant Holder in exercising any right, power or remedy hereunder shall operate
as a waiver thereof, nor shall any single or partial exercise of any such
right, power or remedy preclude any other or further exercise thereof or the
exercise of any other right, power or remedy. The remedies provided for herein
are cumulative and are not exclusive of any remedies that may be available to
the Company and the Warrant Holder at law, in equity or otherwise.

                  (ii)  Any amendment, supplement or modification of or to any
provision of this Warrant Agreement, any waiver of any provision of this
Warrant Agreement, and any consent to any departure by the Company or the
Warrant Holder from the terms of any provision of this Agreement, shall be
effective only if it is made or given in writing and signed by the Company and
the Warrant Holder.

              (e) Counterparts. This Warrant Agreement may be executed in any
number of counterparts and by the parties hereto in separate counterparts, each
of which when so executed shall be deemed to be an original and all of which
taken together shall constitute one and the same agreement.

              (f) Headings. The headings in this Warrant Agreement are for
convenience of reference only and shall not limit or otherwise affect the
meaning hereof.

              (g) Governing Law. This Warrant Agreement shall be governed by
and construed in accordance with the laws of the State of Florida, without
regard to the principles of conflicts of law of any jurisdiction.

              (h) Venue. Any action or proceeding involving the parties hereto
shall be adjudicated in a court located in Orange County, Florida. The parties
hereto hereby irrevocably consent to the jurisdiction and venue of such courts.

              (i) Severability. If any one or more of the provisions contained
herein, or the application thereof in any circumstance, is held invalid,
illegal or unenforceable in any respect for any reason, the validity, legality
and enforceability of any such provision in every other respect and of the
remaining provisions hereof shall not be in any way impaired, unless the
provisions held invalid, illegal or unenforceable shall substantially impair
the benefits of the remaining provisions hereof.

              (j) Entire Agreement. This Warrant Agreement and the Warrants and
exhibits and schedules hereto is intended by the parties as a final expression
of their agreement and intended to be a complete and exclusive statement of the
agreement and understanding of the parties hereto in respect of he subject
matter contained herein. This Warrant Agreement and the Warrants, together with
the exhibits and schedules hereto, supersedes all prior agreements and
understandings between the parties with respect to such subject matter.

              (k) Charges; Taxes and Expenses. Issuance of certificates for
securities upon the exercise of the Warrants shall be made without charge to
the Warrant Holder for any issue or transfer tax or other incidental

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expense in respect of the issuance of such certificates, all of which taxes and
expenses shall be paid by the Company.

              (l) Saturdays, Sundays, Holidays, Etc. If the last or appointed
day for the taking of any action or the expiration of any right required or
granted herein shall be a Saturday, Sunday or a legal holiday, then such action
may be taken or such right may be exercised on the next succeeding day not a
Saturday, Sunday or a legal holiday.

              (m) Lost Warrants. The Company covenants to the Warrant Holder
that, upon receipt of evidence reasonably satisfactory to the Company of the
loss, theft, destruction or mutilation of this Warrant Agreement and, in the
case of any such loss, theft or destruction, upon receipt of an indemnity
reasonably satisfactory to the Company, or in the case of any such mutilation,
upon surrender and cancellation of the last Warrant on this Warrant Agreement,
the Company will make and deliver a new Warrant or Warrant Agreement, as
applicable, of like tenor, in lieu of the lost, stolen, destroyed or mutilated
document.

              (n) Further Assurances. Each of the parties shall execute such
documents and perform such further acts (including, without limitation,
obtaining any consents, exemptions, authorizations or other actions by, or
giving any notices to, or making any filings with, any governmental authority
or any other person, and otherwise fulfilling, or causing the fulfillment of,
the various obligations made herein, as may be reasonably required or desirable
to carry out or to perform the provisions of this Warrant Agreement and to
consummate and make effective as promptly as possible the transactions
contemplated by this Warrant Agreement.

         IN WITNESS WHEREOF, this Warrant Agreement has been duly executed and
delivered by the authorized individuals of each of the undersigned.

                                    DEMANDSTAR.COM, INC.

                                    By:
                                       -----------------------------------------
                                    Name:  O. F. Ramos
                                    Title: President and Chief Executive Officer

                                    [NAME OF WARRANT HOLDER]

                                    By:
                                       -----------------------------------------
                                    Name:
                                    Title:

                                     - 9 -
<PAGE>   10

                                   EXHIBIT A

                               NOTICE OF EXERCISE

To: DemandStar.com, Inc.

         1. The undersigned hereby elects to purchase __________ shares of the
Common Stock of DemandStar.com, Inc. in accordance with the Warrants issued
pursuant to the Warrant Agreement, dated as of December 21, 1999, by and
between DemandStar.com, Inc. and the undersigned, and tenders herewith payment
of the purchase price of such shares in full.

         2. Please issue a certificate or certificates representing said shares
in the name of the undersigned.

                                             By:
                                                -------------------------------

                                             (Print Name of Signatory)

Date:

                                      A-1
<PAGE>   11

                                   EXHIBIT B

                                ASSIGNMENT FORM

TO: DemandStar.com, Inc.

         The undersigned hereby assigns and transfers unto _____________________
of ______________________________ (please typewrite or print in block letters)
the right to purchase ____________ shares of the common stock of
DemandStar.com, Inc. subject to the Warrant Agreement, dated as of December 21,
1999, by and between DemandStar.com, Inc. and the undersigned (the "Warrant
Agreement").

         This assignment complies with the provisions of Section 10(c) of the
Warrant Agreement and is accompanied by funds sufficient to pay all applicable
transfer taxes.

                                             By:
                                                -------------------------------

                                             (Print Name of Signatory)

Date:

                                      B-1<PAGE>   1

                                                                    EXHIBIT 4.4

                                    FORM OF
                          SUBSCRIPTION AGENT AGREEMENT

         THIS AGREEMENT is entered into as of _________, 2000 by and between
DemandStar.com, Inc., a Florida corporation (the "Company") and Continental
Stock Transfer and Trust Company (the "Subscription Agent").
         WHEREAS, the Company is a subsidiary of H.T.E., Inc., a Florida
corporation ("HTE");

         WHEREAS, the Company intends to issue (the "Rights Offering") to (i)
holders of HTE's common stock as of _________, 2000 ("Eligible HTE
Shareholders"), (ii) holders of HTE stock options as of December 16, 1999 who
are also employees or directors of HTE (or a subsidiary) as of February 1, 2000
("Eligible HTE Optionholders"), and (iii) employees of HTE (or a subsidiary) as
of February 1, 2000 ("Eligible HTE Employees" and, collectively with (i) and
(ii) above, the "Eligible Rights Holders"), rights ("Rights") to purchase one
share of common stock, par value $.0001 per share, of the Company (the "Common
Shares") for each Right held; and
         WHEREAS, the Company desires the Subscription Agent to act on the
Company's behalf, and the Subscription Agent is willing so to act, in
connection with the issuance, and distribution of the Rights, collection of
funds from Rights holders exercising Rights, and issuance and delivery of
Common Shares upon the exercise of the Rights.

         NOW THEREFORE, in consideration of the promises and mutual covenants
set forth herein, the parties agree as follows:

         1.       Definitions. As used in this Agreement, the following terms
                  have the following meanings:

                  (a) "Basic Subscription" means the right of Eligible Rights
         Holders to subscribe for and purchase Common Shares through the
         exercise of Rights at the rate of one Common Share for each Right
         held.

                  (b) "Common Shares" means the shares of common stock, par
         value $.0001 per share, of the Company.

                  (c) "Company" means DemandStar.com, Inc., a Florida
         corporation.
                  (d) "Eligible HTE Employees" means all employees of HTE (or a
         subsidiary) as of February 1, 2000.

                  (e) "Eligible HTE Optionholders" means all persons holding
         options to purchase common stock of HTE as of December 16, 1999 who
         are also employees or directors of HTE (or a subsidiary) as of
         February 1, 2000.
                  (f) "Eligible HTE Shareholders" means all shareholders of HTE
         as of ____________, 2000.

                  (g) "Eligible Rights Holders" means, collectively, all
         Eligible HTE Employees, all Eligible HTE Optionholders and all
         Eligible HTE Shareholders.

                  (h) "Foreign Holder" means an Eligible Shareholder or an
         Eligible HTE Optionholder having an address outside of the United
         States of America (including the District of Columbia, territories

<PAGE>   2

         and possessions) or having an A.P.O. or F.P.O. address, as shown on
         the stock transfer books maintained by the Subscription Agent in its
         capacity as the Transfer Agent and Registrar of the HTE common stock.

                  (i) "Expiration Time" means 5:00 p.m., Eastern Standard Time,
         on __________, 2000 or on such other date as the Company may
         determine.

                  (j) "Offering Period" means the period commencing on
         _________, 2000 and ending at the Expiration Time.

                  (k) "Prospectus" means the Company's prospectus dated
         _________, 2000 pertaining to the Rights Offering including the
         documents incorporated by reference therein, as the same may from time
         to time be supplemented or amended.

                  (l) "Rights" means the subscription rights issued by the
         Company, each of which entitles Eligible Rights Holders to subscribe
         for and purchase one Common Share for Right held, at a Subscription
         Price of $1.00 per share.

                  (m) "Subscription Agent" means Continental Stock Transfer and
         Trust Company.

                  (n) "Subscription Certificate" means the certificate
         evidencing the Rights.

                  (o) "Subscription Price" means $1.00 per share.

         2.       Form of Subscription Certificates. The Subscription
Certificates shall be substantially in the form attached to this Agreement as
Appendix A. Each Subscription Certificate shall be signed by duly authorized
officers of the Company, dated the date of issue (whether upon original
issuance or in lieu of transferred, exchanged, mutilated, destroyed, lost or
stolen Subscription Certificates) and countersigned by the Subscription Agent.
All signatures may be facsimile signatures.

         3.       Issuance of Subscription Certificates. The Subscription Agent
shall issue and deliver (by first class United States mail, postage prepaid) to
each Eligible Rights Holder (other than Foreign Holders) a Subscription
Certificate evidencing his Rights as follows: (i) each Eligible HTE Shareholder
shall receive one Right for each share of HTE common stock held; (ii) each
Eligible HTE Optionholder shall receive one Right for each share of HTE common
stock he has a vested and/or unvested option to acquire; and (iii) each Eligible
HTE Employee shall receive 200 Rights. The Subscription Agent shall not issue
fractional Rights; the number of Rights issued shall be rounded up to the
nearest whole number. No Subscription Certificates shall be issued before or
after the Offering Period. All Subscription Certificates surrendered to the
Subscription Agent upon exercise shall be canceled by the Subscription Agent and
thereafter shall be retained by the Subscription Agent for a period of not less
than six years or such shorter period of time as the Company may permit. Upon
expiration of the retention period, the canceled Subscription Certificates shall
be delivered to the Company or destroyed by the Subscription Agent, as directed
by the Company.

         4.       Foreign Holders. The Subscription Agent shall refrain from
delivering Subscription Certificates to Foreign Holders, and shall hold such
Subscription Certificates for the account of Foreign Holders subject to such
Stockholder making satisfactory arrangements with the Subscription Agent for
the exercise or other disposition of the Rights evidenced thereby, and shall
follow the instructions of such Stockholder for the exercise of such Rights if
such instructions are received prior to the Expiration Time.

         5.       Delivery of Prospectus and Other Documents. The Subscription
Agent shall deliver to each Eligible Rights Holder, along with originally
issued Subscription Certificates (except as provided in Section 4), (i) a
letter from the Chief Executive Officer or President of HTE to all Eligible
Rights Holders, (ii) a Prospectus, (iii) Instructions as to Use of the
Subscription Certificates, (iv) a return envelope addressed to the Subscription
Agent, and (vi) such other documents and information as the Company may
provide. The Subscription Agent shall also

                                       2
<PAGE>   3

provide copies of the Prospectus and other documents prepared by the Company to
Eligible Rights Holders, and other persons upon request.

                  (a) The Company will provide the Subscription Agent with a
         sufficient number of Prospectuses as the Subscription Agent may
         require.

                  (b) The Subscription Agent shall provide a sufficient number
         of Subscription Certificates as required to distribute to Eligible
         Rights Holders and to replace lost, destroyed, mutilated or stolen
         Subscription Certificates.

                  (c) The Company has provided to the Subscription Agent a form
         of letter to Foreign Holders, which shall be delivered only to Foreign
         Holders, along with the Prospectus.

                  (d) The Company has provided to the Subscription Agent the
         following documents that the Subscription Agent shall deliver to
         brokers, dealers, commercial banks, trust companies and other nominee
         holders of Subscription Certificates: (i) a letter to Brokers,
         Dealers, Commercial Banks, Trust Companies and Other Nominees; (ii) a
         letter to the clients of nominee holders described in clause (i);
         (iii) a letter to Foreign Holders; (iv) a Notice of Guaranteed
         Delivery; and (v) a Nominee Holder Certification.

         6.       Exercise. Rights may be exercised at any time during the
Offering Period upon the terms and conditions set forth in the Prospectus and
in this Agreement.

                  (a) Rights may be exercised by completing and executing the
         exercise portion of the Subscription Certificate and delivering it to
         the Subscription Agent along with payment of the Subscription Price
         for the aggregate number of Common Shares subscribed for prior to the
         Expiration Time.

                  (b) A subscription will be accepted by the Subscription Agent
         if, prior to the Expiration Time, the Subscription Agent has received
         (i) payment of the full Subscription Price for the Common Shares
         subscribed for in the Basic Subscription, and (ii) a Notice of
         Guaranteed Delivery by facsimile (telecopy) or otherwise from a bank,
         trust company, New York Stock Exchange member or member of another
         national securities exchange guaranteeing delivery of a properly
         completed and executed Subscription Certificate. The Subscription
         Agent will not honor a Notice of Guaranteed Delivery unless a properly
         completed and executed Subscription Certificate is received by the
         Subscription Agent by the close of business on the third New York
         Stock Exchange trading day after the Expiration Time.
                  (c) The Subscription Price shall be paid in United States
         dollars, by (i) check or draft drawn on a United States bank, or an
         postal, telegraphic or express money order payable to the Subscription
         Agent, or (ii) by wire transfer of same day funds to an account
         maintained by the Subscription Agent for the purpose of accepting
         subscriptions. Wire instructions may be obtained from the Subscription
         Agent's Reorganization Department at (212) 509-4000 (x-535).
                  (d) Once an Eligible Rights Holder has exercised Rights, such
         exercise may not be revoked or rescinded.

                  (e) If an Eligible Rights Holder does not indicate the number
         of Rights being exercised in the Basic Subscription, or does not
         deliver full payment of the Subscription Price for the number of
         shares indicated as being subscribed through the exercise of Rights in
         the Basic Subscription, then such Eligible Rights Holder will be
         deemed to have exercised Rights to purchase the maximum number of
         Common Shares determined by dividing the total Subscription Price paid
         by the Subscription Price per share, but not in excess of the number
         of Common Shares such holder may purchase through the exercise of
         Rights in the Basic Subscription.

                                       3
<PAGE>   4

                  (f) If an Eligible Rights Holder does not indicate the number
         of Rights being exercised, but submits payment for more shares than
         may be purchased through the exercise of such Eligible Rights Holder's
         Rights in the Basic Subscription, the excess payment received from
         such Eligible Rights Holder will be returned to such Eligible Rights
         Holder without interest or deduction.

         7.       Power of Attorney. The Company hereby constitutes and
appoints the Subscription Agent as the Company's true and lawful attorney
in-fact, with full power in such capacity to endorse, deposit, negotiate, and
invest on behalf and for the account of the Company, in accordance with the
written instructions provided by the Company, checks, drafts, money orders,
wire transfers or other payments received by the Subscription Agent as a
payment of the Subscription Price upon the exercise of Rights in the Basic
Subscription.

         8.       Escrow and Investment of Funds. The Subscription Agent shall:

                  (a) Maintain a record of the date, amount of each payment of
         the Subscription Price received upon the exercise of Rights in the
         Basic Subscription, and the name and address of the Eligible Rights
         Holder by whom or on whose behalf payment was made.

                  (b) Aggregate all payments received upon the exercise of
         Rights in the Basic Subscription and deposit such payments in one or
         more bank accounts, or invest such payments in Treasury bills or other
         investments designated in writing by the Company, as soon as
         practicable after receipt of such payments.

                  (c) Maintain a record of the number of Rights issued to each
         Foreign Holder.

                  (d) Keep all funds deposited in accounts in the name of the
         Company for the benefit of the Company.

                  (e) Return as promptly as practicable to the Eligible Rights
         Holder who made such payment, any payment of the Subscription Price in
         the Basic Subscription not accepted by the Company for any reason.

         9.       Payment of Funds to the Company. Funds representing payment
of the Subscription Price in the Basic Subscription (including interest earned
thereon) shall be paid to the Company by wire transfer to such account and
according to such instructions as the Company may deliver to the Subscription
Agent in writing. Unless changed by subsequent written instructions, the
Subscription Agent shall follow the wiring instructions attached to this
Agreement as Appendix B. Such wire transfer of funds to the Company shall be
made promptly following the Expiration Time, at which time all funds received
by the Subscription Agent from Rights holders shall be paid (together with
interest thereon) to the Company.

         10.      Reports. The Subscription Agent shall deliver daily to the
Company a written report showing the following: (i) the number of Rights
exercised in the Basic Subscription on such day, and the aggregate number of
Rights exercised in the Basic Subscription through such date; and (ii) the
amount of funds received on such day in payment of the Subscription Price in
the Basic Subscription, and the aggregate amount of funds on deposit or
invested for the account of the Company from payment of the Subscription Price
in the Basic Subscription through such date.

         11.      Issuance of Common Shares. Promptly after the receipt and
acceptance of properly exercised Subscription Certificates and receipt by the
Company of payment of the Subscription Price for Common Shares in the Basic
Subscription, the Subscription Agent shall issue and deliver to the Eligible
Rights Holder so exercising Rights a stock certificate evidencing the aggregate
of the number of Common Shares purchased in the Basic Subscription.

         12.      Validity and Form of Subscriptions. All questions concerning
the timeliness, validity, form and eligibility of any exercise of Rights in the
Basic Subscription will be determined by the Company, whose

                                       4
<PAGE>   5

determination will be final and binding. The Subscription Agent shall examine
the Subscription Certificates it receives to ascertain whether they appear to
have been completed and executed in accordance with the Prospectus and the
Instructions. In the event that the Subscription Agent determines that the
Subscription Certificate does not appear to have been properly completed or
executed, or where the Subscription Certificates do not appear to be in proper
form for subscription, or any other irregularity in connection with the
subscription appears to exist, the Subscription Agent will follow its regular
procedures to attempt to cause such irregularity to be corrected. The
Subscription Agent is not authorized to waive any irregularity in connection
with the subscription, unless it has received from the Company notification,
duly dated and signed by an authorized officer of the Company, indicating that
any irregularity in the Subscription Certificate has been cured or waived and
that such Subscription Certificate has been accepted by the Company. The
Subscription Agent will promptly notify the Company in writing of all defects
in the exercise of any Rights in the Basic Subscription. Subscription
Certificates and funds received by the Subscription Agent that are not properly
executed or submitted, and as to which all irregularities have not been timely
waived or cured, shall be returned by the Subscription Agent to the Eligible
Rights Holder who submitted such Subscription Certificate and/or payment. Such
return shall be made by either first class mail under a blanket surety bond or
insurance protecting the Subscription Agent and the Company from losses or
liabilities arising out of the non-receipt or nondelivery of Subscription
Certificates or by registered mail insured separately for the value of such
Subscription Certificates, and if determined to be required by the Company,
shall include a letter of notice to be furnished by the Company explaining the
reasons for the return of the Subscription Certificates and other documents.

         13.      Amendment, Extension or Termination of the Rights Offer. The
Company reserves the right, in its sole discretion, to: (a) terminate the offer
of Common Shares through the Rights prior to delivery of the Common Shares for
which Eligible Rights Holders have subscribed pursuant to the exercise of
Rights in the Basic Subscription; (b) extend the Expiration Time to a later
date and time; or (c) amend or modify the terms of the Rights. If the Company
amends the terms of the Rights, an amended Prospectus will be distributed to
holders of record of Rights and to holders of Rights who have previously
exercised Rights. All holders of Rights who exercised their Rights prior to
such amendment or within four business days after the mailing of the amended
Prospectus will be given the opportunity to confirm the exercise of their
Rights by executing and delivering a consent form.

         14.      Loss or Mutilation. Upon receipt by the Company and the
Subscription Agent of evidence, satisfactory to them, of the ownership and
loss, theft, destruction or mutilation of any Subscription Certificate, and in
the case of loss, theft or destruction, receipt of indemnity satisfactory to
the Company and the Subscription Agent, and in the case of mutilation upon
surrender and cancellation of the mutilated Subscription Certificate, the
Subscription Agent shall deliver in place of such lost, stolen, destroyed or
mutilated Subscription Certificate a new Subscription Certificate representing
an equal aggregate number of Rights. Eligible Rights Holders requesting such
substitute Subscription Certificates shall also comply with such other
reasonable regulations, requirements or requests, and shall pay such reasonable
charges, as the Company or the Subscription Agent may prescribe.

         15.      Liability of Subscription Agent. The Subscription Agent shall
not, by issuing and delivering Subscription Certificates or stock certificates
evidencing Common Shares, or receiving or holding funds for the benefit of the
Company, or by any other act under this Agreement, be deemed to make any
representations as to the validity or value or authorization of the
Subscription Certificates or the Rights represented thereby or the Common
Shares issued upon the exercise of Rights, or whether the Common Shares issued
upon the exercise of Rights are fully paid and nonassessable. The Subscription
Agent shall not be (i) liable for any statement of fact made or contained in
this Agreement or in the Prospectus or in any documents prepared by the Company
in connection with the offer of Common Shares through the Rights, (ii) liable
for any action taken, suffered, or omitted by it in reliance upon any
Subscription Certificate or other document or instrument believed by it in good
faith to be genuine and to have been signed or presented by the proper party or
parties, (iii) responsible for any failure on the part of the Company to comply
with any of its covenants and obligations contained in this Agreement or in the
Subscription Certificates, or (iv) liable for any act or omission in connection
with the performance of its duties, obligations, covenants and agreements under
this Agreement, except for the Subscription Agent's own negligence, willful
breach or misconduct.

                                       5
<PAGE>   6

         16.      Indemnification. The Company agrees to indemnify and hold
harmless the Subscription Agent from and against any and all losses, expenses,
and liabilities, including judgments, costs and reasonable attorneys' fees,
arising out of any act or omission of the Subscription Agent in the execution
or performance of its duties, obligations, covenants and agreements under this
Agreement, except for the Subscription Agent's own negligence, willful breach
or misconduct.

         17.      Compensation for Services. The Company agrees to pay the
Subscription Agent (i) a fee of $2,500 for all services rendered by the
Subscription Agent in connection with the preparation of the Rights, (ii) a fee
of $10 per item processed by the Subscription Agent in connection with the
processing of the Rights, with an aggregate minimum of $2,500 with respect
thereto, and (iii) reimbursement of all reasonable out-of-pocket expenses
incurred by the Subscription Agent in performing its duties under this
Agreement.

         18.      Amendment; Modification; Waiver. This Agreement may be
amended, waived, discharged, or terminated in whole or in part only by a
written instrument signed by the party against whom enforcement of such
amendment, waiver, discharge, or termination is sought. Notwithstanding the
immediately preceding sentence, the parties shall supplement or amend this
Agreement to conform to any amendments or changes that the Company may make to
the terms and conditions of the Rights and the offer of the Common Shares
through the Rights.

         19.      Notices. All notices under this Agreement shall be in writing
and shall be sent by telecopier with a confirming copy sent by United States
mail, first class postage prepaid, or by air courier, delivery charges prepaid,
to an Eligible Rights Holder at the address shown on the registry books
maintained by the Subscription Agent, or to the parties at the following
telecopier numbers and addresses:

To the Company:                      DemandStar.com, Inc.
                                     1551 Sandspur Road, Suite B
                                     Maitland, Florida 32751
                                     Telecopier: (407) 599-0008
                                     Attention:  Chief Executive Officer

         To the Subscription Agent:  Continental Stock Transfer & Trust Company
                                     2 Broadway, 19th Floor
                                     New York, New York 10004
                                     Telecopier: (212) 509-5150
                                     Attention:  Compliance Department

A notice sent by mail shall be deemed delivered on the fourth day after deposit
in the United States mail, postage prepaid, and addressed as aforesaid. Any
party may change its address or telecopier number for notice by giving notice
to the other party in the manner provided in this Section.

         20.      Delays or Omissions. No delay or omission to exercise any
right, power, or remedy accruing to any party to this Agreement, upon any
breach or default of any other party under this Agreement, shall impair any
such right, power, or remedy; nor shall it be construed to be a waiver of, or
an acquiescence in any such breach or default or any similar breach or default
thereafter occurring; nor shall any waiver of any single breach or default be
deemed a waiver of any other breach or default theretofore or thereafter
occurring. Any waiver, permit, consent or approval of any kind or character, on
the part of any party, of any breach or default under this Agreement, or any
waiver, on the part of any party, of any provisions or conditions of this
Agreement, must be made in writing and shall be effective only to the extent
specifically set forth in such writing. All remedies, either under this
Agreement or by law and otherwise afforded to any party, shall be cumulative
and not alternative.

                                       6
<PAGE>   7

         21.      Unenforceable Provisions. If all or part of any one or more
of the provisions contained in this Agreement is for any reason held to be
invalid, illegal, or unenforceable in any respect, the invalidity, illegality,
or unenforceability shall not affect any other provisions, and this Agreement
shall be equitably construed as if it did not contain the invalid, illegal, or
unenforceable provision.

         22.      Gender. Whenever appropriate in this Agreement, terms in the
singular form shall include the plural (and vice versa) and any gender form
shall include all others.

         23.      Section Headings. Section headings are for the convenience of
the parties and do not form a part of this Agreement.

         24.      Binding Effect; Parties. This Agreement shall be binding on
the Company, the Subscription Agent and their respective successors and
assigns; and nothing in this Agreement shall confer upon any other person or
entity any right, remedy, or claim, or impose upon any other person any duty,
liability, or obligation.

         IN WITNESS WHEREOF, the parties have executed this Agreement as of the
date first above written.

                                     DEMANDSTAR.COM, INC.

                                     By:
                                        -------------------------------------
                                         O.F. Ramos, Chief Executive Officer

                                     CONTINENTAL STOCK TRANSFER & TRUST COMPANY

                                     By:
                                        -------------------------------------
                                         [Name and Title]

                                       7

<PAGE>   8

                                   APPENDIX A

                        FORM OF SUBSCRIPTION CERTIFICATE

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