Document:

FINANCIALCONTENT, INC.
                             2004 STOCK OPTION PLAN

         1.       Establishment, Purpose and Term of Plan.

                  1.1.  Establishment.  The  FinancialContent,  Inc.  2004 Stock
Option Plan (the "Plan") is hereby established effective as of April 1, 2004.

                  1.2.  Purpose.  The  purpose  of the  Plan is to  advance  the
interests of the  Participating  Company Group and its stockholders by providing
an incentive to attract,  retain and reward persons performing  services for the
Participating  Company Group and by motivating such persons to contribute to the
growth and profitability of the Participating Company Group.

                  1.3. Term of Plan. The Plan shall continue in effect until the
earlier of its  termination  by the Board or the date on which all of the shares
of Stock  available  for  issuance  under  the Plan  have  been  issued  and all
restrictions  on such  shares  under  the  terms of the Plan and the  agreements
evidencing  Options  granted  under the Plan have lapsed.  However,  all Options
shall be granted,  if at all, within ten (10) years from the earlier of the date
the Plan is  adopted by the Board or the date the Plan is duly  approved  by the
stockholders of the Company.

         2. Definitions and Construction.

                  2.1.  Definitions.  Whenever used herein,  the following terms
shall have their respective meanings set forth below:

                           a.  "Board"  means  the  Board  of  Directors  of the
Company. If one or more Committees
have been appointed by the Board to administer the Plan, "Board" also means such
Committee(s).

                           b. "Code" means the Internal Revenue Code of 1986, as
amended, and any applicable regulations promulgated thereunder.

                           c. "Committee"  means the  Compensation  Committee or
other committee of the Board duly
appointed to administer the Plan and having such powers as shall be specified by
the Board.  Unless the powers of the Committee have been  specifically  limited,
the  Committee  shall  have  all of the  powers  of the  Board  granted  herein,
including,  without limitation,  the power to amend or terminate the Plan at any
time, subject to the terms of the Plan and any applicable limitations imposed by
law.

                           d. "Company" means FinancialContent, Inc., a Delaware
corporation, or any successor
corporation thereto.

                           e.  "Consultant"  means  any  person,   including  an
advisor, engaged by a Participating
Company to render services other than as an Employee or a Director.

                           f.  "Director"  means a member of the Board or of the
board of directors of any other
Participating Company.

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                           g. "Employee" means any person treated as an employee
(including  an officer or a Director  who is also treated as an employee) in the
records of a Participating Company; provided, however, that neither service as a
Director  nor payment of a  director's  fee shall be  sufficient  to  constitute
employment for purposes of the Plan.

                           h. "Exchange  Act" means the Securities  Exchange Act
of 1934, as amended.

                           i. "Fair Market  Value"  means,  as of any date,  the
value of a share of Stock or other  property as determined by the Board,  in its
sole  discretion,   or  by  the  Company,  in  its  sole  discretion,   if  such
determination  is  expressly  allocated  to the Company  herein,  subject to the
following:

                                    i.  If,  on such  date,  there  is a  public
market for the Stock,  the Fair  Market  Value of a share of Stock  shall be the
closing sale price of a share of Stock (or the mean of the closing bid and asked
prices of a share of Stock if the Stock is so quoted  instead)  as quoted on the
Nasdaq National  Market,  the Nasdaq  Small-Cap Market or such other national or
regional  securities  exchange or market system  constituting the primary market
for the Stock,  as reported in the Wall Street  Journal or such other  source as
the Company deems reliable. If the relevant date does not fall on a day on which
the Stock has traded on such securities  exchange or market system,  the date on
which the Fair Market Value shall be established  shall be the last day on which
the Stock was so traded prior to the relevant  date,  or such other  appropriate
day as shall be determined by the Board, in its sole discretion.

                                    ii.  If,  on such  date,  there is no public
market for the Stock, the Fair
Market  Value of a share of Stock shall be as  determined  by the Board  without
regard to any restriction  other than a restriction  which,  by its terms,  will
never lapse.

                           j. "Incentive  Stock Option" means an Option intended
to be (as set forth in the Option Agreement) and which qualifies as an incentive
stock option within the meaning of Section 422(b) of the Code.

                           k.  "Insider"  means an officer or a Director  of the
Company or any other person whose  transactions  in Stock are subject to Section
16 of the Exchange Act.

                           l.  "Nonstatutory  Stock  Option" means an Option not
intended to be (as set forth in the Option  Agreement) or which does not qualify
as an Incentive Stock Option.

                           m. "Option"  means a right to purchase Stock (subject
to adjustment  as provided in Section 4.2) pursuant to the terms and  conditions
of the Plan. An Option may be either an Incentive Stock Option or a Nonstatutory
Stock Option.

                           n.  "Option  Agreement"  means  a  written  agreement
between  the Company and an Optionee  setting  forth the terms,  conditions  and
restrictions  of the Option granted to the Optionee and any shares acquired upon
the exercise thereof.

                           o. "Optionee" means a person who has been granted one
or more Options.

                           p. "Parent  Corporation"  means any present or future
"parent corporation" of the
Company, as defined in Section 424(e) of the Code.

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                           q.  "Participating  Company" means the Company or any
Parent Corporation or Subsidiary Corporation.

                           r. "Participating  Company Group" means, at any point
in time, all corporations collectively which are then Participating Companies.

                           s. "Rule  16b-3"  means Rule 16b-3 under the Exchange
Act, as amended from time to time, or any successor rule or regulation.

                           t. "Stock" means the common stock of the Company,  as
adjusted from time to time in accordance with Section 4.2.

                           u.  "Subsidiary  Corporation"  means any  present  or
future "subsidiary  corporation" of the Company, as defined in Section 424(f) of
the Code.

                           v. "Ten  Percent  Owner  Optionee"  means an Optionee
who,  at the time an Option is granted to the  Optionee,  owns stock  possessing
more than ten percent (10%) of the total combined voting power of all classes of
stock of a Participating  Company within the meaning of Section 422(b)(6) of the
Code.

                  2.2.  Construction.  Captions and titles  contained herein are
for convenience only and shall not affect the meaning or  interpretation  of any
provision of the Plan.  Except when  otherwise  indicated  by the  context,  the
singular  shall include the plural,  the plural shall include the singular,  and
the term "or" shall include the conjunctive as well as the disjunctive.

         3.       Administration.

                  3.1.   Administration   by  the  Board.   The  Plan  shall  be
administered by the Board,  including any duly appointed  Compensation Committee
of the Board. All questions of interpretation of the Plan or of any Option shall
be determined by the Board, and such  determinations  shall be final and binding
upon all persons having an interest in the Plan or such Option. Any officer of a
Participating  Company  shall have the authority to act on behalf of the Company
with respect to any matter, right,  obligation,  determination or election which
is the  responsibility of or which is allocated to the Company herein,  provided
the  officer  has  apparent  authority  with  respect  to  such  matter,  right,
obligation, determination or election.

                  3.2.  Administration with Respect to Insiders. With respect to
participation  by  Insiders  in the  Plan,  at any time that any class of equity
security of the  Company is  registered  pursuant to Section 12 of the  Exchange
Act, the Plan shall be administered in compliance with the requirements, if any,
of Rule 16b-3.

                  3.3.  Powers of the Board. In addition to any other powers set
forth in the Plan and  subject to the  provisions  of the Plan,  the Board shall
have the full and final power and authority, in its sole discretion:

                           a. to determine the persons to whom,  and the time or
times at which, Options shall be granted and the number of shares of Stock to be
subject to each Option;

                           b. to designate Options as Incentive Stock Options or
Nonstatutory Stock Options;

                           c. to  determine  the Fair Market  Value of shares of
Stock or other property;

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                           d.   to   determine   the   terms,   conditions   and
restrictions  applicable to each Option  (which need not be  identical)  and any
shares acquired upon the exercise thereof,  including,  without limitation,  (i)
the  exercise  price of the  Option,  (ii) the  method  of  payment  for  shares
purchased upon the exercise of the Option,  (iii) the method for satisfaction of
any tax  withholding  obligation  arising in connection  with the Option or such
shares,  including by the  withholding or delivery of shares of stock,  (iv) the
timing,  terms and conditions of the  exercisability of the Option, (v) the time
of the expiration of the Option,  (vi) the effect of the Optionee's  termination
of  employment  or service with the  Participating  Company  Group on any of the
foregoing,  and (vii) all other terms, conditions and restrictions applicable to
the Option or such shares not inconsistent with the terms of the Plan;

                           e. to approve one or more forms of Option Agreement;

                           f. to amend, modify, extend, or renew, or grant a new
Option  in  substitution  for,  any  Option  or to  waive  any  restrictions  or
conditions  applicable  to any Option or any shares  acquired  upon the exercise
thereof;

                           g. to  accelerate,  continue,  extend  or  defer  the
exercisability of any Option,  including with respect to the period following an
Optionee's  termination of employment or service with the Participating  Company
Group;

                           h. to prescribe,  amend or rescind rules,  guidelines
and policies  relating to the Plan, or to adopt  supplements  to, or alternative
versions  of,  the Plan,  including,  without  limitation,  as the  Board  deems
necessary  or desirable  to comply with the laws of, or to  accommodate  the tax
policy or  custom  of,  foreign  jurisdictions  whose  citizens  may be  granted
Options; and

                           i. to correct  any  defect,  supply any  omission  or
reconcile any  inconsistency in the Plan or any Option Agreement and to make all
other determinations and take such other actions with respect to the Plan or any
Option as the Board may deem  advisable to the extent  consistent  with the Plan
and applicable law.

         4. Shares Subject to Plan.

                  4.1. Maximum Number of Shares Issuable.  Subject to adjustment
as provided in Section 4.2, the maximum aggregate number of shares of Stock that
may be  issued  under  the Plan  shall be Two  Million  Seven  Hundred  Thousand
(2,700,000) and shall consist of authorized but unissued or reacquired shares of
Stock or any  combination  thereof.  If any  outstanding  Option  for any reason
expires or is  terminated  or canceled or shares of Stock  acquired,  subject to
repurchase,  upon the exercise of an Option are repurchased by the Company,  the
shares of Stock  allocable to the  unexercised  portion of such Option,  or such
repurchased  shares of Stock,  shall again be available  for issuance  under the
Plan.

                  4.2.  Adjustments  for  Changes in Capital  Structure.  In the
event of any stock dividend, stock split, reverse stock split, recapitalization,
combination,  reclassification or similar change in the capital structure of the
Company, appropriate adjustments shall be made in the number and class of shares
subject to the Plan and to any outstanding Options and in the exercise price per
share of any outstanding  Options.  If a majority of the shares which are of the
same class as the shares that are subject to  outstanding  Options are exchanged
for,  converted  into,  or  otherwise  become  (whether  or not  pursuant  to an
Ownership Change Event, as defined in Section 8.1) shares of another corporation
(the "New Shares"),  the Board may unilaterally amend the outstanding Options to

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provide that such Options are  exercisable  for New Shares.  In the event of any
such  amendment,  the number of shares  subject to, and the  exercise  price per
share of, the  outstanding  Options  shall be adjusted  in a fair and  equitable
manner as determined by the Board, in its sole discretion.  Notwithstanding  the
foregoing,  any fractional  share resulting from an adjustment  pursuant to this
Section  4.2  shall  be  rounded  up or down to the  nearest  whole  number,  as
determined by the Board, and in no event may the exercise price of any Option be
decreased to an amount less than the par value,  if any, of the stock subject to
the Option. The adjustments determined by the Board pursuant to this Section 4.2
shall be final, binding and conclusive.

         5. Eligibility and Open Limitations.

                  5.1. Persons Eligible for Options. Options may be granted only
to  Employees,  Consultants,  and  Directors.  For  purposes  of  the  foregoing
sentence,  "Employees",  "Consultants" and "Directors" shall include prospective
Employees, prospective Consultants and prospective Directors to whom Options are
granted  in  connection  with  written  offers of  employment  or other  service
relationship  with the  Participating  Company  Group.  Eligible  persons may be
granted more than one (1) Option.

                  5.2.  Option  Grant  Restrictions.  Any  person  who is not an
Employee on the  effective  date of the grant of an Option to such person may be
granted only a Nonstatutory Stock Option. An Incentive Stock Option granted to a
prospective  Employee  upon the  condition  that such person  become an Employee
shall be deemed granted effective on the date such person commences service with
a Participating  Company,  with an exercise price  determined as of such date in
accordance with Section 6.1.

                  5.3.  Fair  Market  Value  Limitation.  To the extent that the
aggregate Fair Market Value of stock with respect to which options designated as
Incentive Stock Options are exercisable by an Optionee for the first time during
any calendar  year (under all stock option  plans of the  Participating  Company
Group, including the Plan) exceeds One Hundred Thousand Dollars ($100,000),  the
portion  of  such  options  which  exceeds  such  amount  shall  be  treated  as
Nonstatutory Stock Options. For purposes of this Section 5.3, options designated
as  Incentive  Stock  Options  shall be taken into account in the order in which
they were granted,  and the Fair Market Value of stock shall be determined as of
the time the  option  with  respect  to such  stock is  granted.  If the Code is
amended  to  provide  for a  different  limitation  from  that set forth in this
Section 5.3,  such  different  limitation  shall be deemed  incorporated  herein
effective  as of the  date and with  respect  to such  Options  as  required  or
permitted by such amendment to the Code. If an Option is treated as an Incentive
Stock Option in part and as a Nonstatutory Stock Option in part by reason of the
limitation  set forth in this Section 5.3,  the  Optionee  may  designate  which
portion of such  Option  the  Optionee  is  exercising.  In the  absence of such
designation,  the Optionee shall be deemed to have exercised the Incentive Stock
Option portion of the Option first. Separate certificates representing each such
portion shall be issued upon the exercise of the Option.

         6. Terms and  Conditions  of Options.  Options  shall be  evidenced  by
Option Agreements  specifying the number of shares of Stock covered thereby,  in
such form as the Board shall from time to time establish.  Option Agreements may
incorporate  all or any of the terms of the Plan by  reference  and shall comply
with and be subject to the following terms and conditions:

                  6.1.  Exercise Price. The exercise price for each Option shall
be established in the sole discretion of the Board; provided,  however, that (a)
the  exercise  price per  share  for an  Option  shall be not less than the Fair
Market Value of a share of Stock on the  effective  date of grant of the Option,
and (b) no Option granted to a Ten Percent Owner Optionee shall have an exercise
price per share less than one  hundred  ten  percent  (110%) of the Fair  Market
Value  of a share  of  Stock  on the  effective  date of  grant  of the  Option.

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<PAGE>

Notwithstanding the foregoing, an Option (whether an Incentive Stock Option or a
Nonstatutory  Stock Option) may be granted with an exercise price lower than the
minimum  exercise price set forth above if such Option is granted pursuant to an
assumption or substitution  for another option in a manner  qualifying under the
provisions of Section 424(a) of the Code.

                  6.2.  Exercise  Period.  Options shall be  exercisable at such
time or  times,  or upon  such  event or  events,  and  subject  to such  terms,
conditions, performance criteria, and restrictions as shall be determined by the
Board and set forth in the Option  Agreement  evidencing such Option;  provided,
however,  that (a) no Option shall be  exercisable  after the  expiration of ten
(10) years after the  effective  date of grant of such Option,  (b) no Incentive
Stock Option granted to a Ten Percent Owner Optionee shall be exercisable  after
the  expiration  of five (5)  years  after the  effective  date of grant of such
Option,  and  (c) no  Option  granted  to a  prospective  Employee,  prospective
Consultant or prospective  Director may become  exercisable prior to the date on
which such person commences service with a Participating Company.

                  6.3. Payment of Exercise Price.

                           a.  Forms  of  Consideration  Authorized.  Except  as
otherwise provided below, payment of the exercise price for the number of shares
of Stock being  purchased  pursuant to any Option shall be made (i) in cash,  by
check,  or cash  equivalent,  (ii) by tender to the  Company  of shares of Stock
owned by the Optionee  having a Fair Market Value (as  determined by the Company
without regard to any restrictions on  transferability  applicable to such stock
by reason of federal or state  securities laws or agreements with an underwriter
for the Company) not less than the exercise  price,  (iii) by the  assignment of
the  proceeds of a sale or loan with  respect to some or all of the shares being
acquired upon the exercise of the Option (including, without limitation, through
an exercise  complying with the  provisions of Regulation T as promulgated  from
time to time by the  Board  of  Governors  of the  Federal  Reserve  System)  (a
"Cashless Exercise"),  (iv) by the Optionee's promissory note in a form approved
by the Company,  (v) by such other consideration as may be approved by the Board
from time to time to the extent  permitted  by  applicable  law,  or (vi) by any
combination thereof. The Board may at any time or from time to time, by adoption
of or by  amendment  to the  standard  forms of Option  Agreement  described  in
Section  7, or by other  means,  grant  Options  which do not  permit all of the
foregoing forms of  consideration to be used in payment of the exercise price or
which otherwise restrict one or more forms of consideration.

                           b. Tender of Stock. Notwithstanding the foregoing, an
Option may not be  exercised  by tender to the Company of shares of Stock to the
extent such tender of Stock would  constitute a violation of the  provisions  of
any law,  regulation or agreement  restricting  the  redemption of the Company's
stock. Unless otherwise provided by the Board, an Option may not be exercised by
tender to the Company of shares of Stock  unless  such  shares  either have been
owned  by the  Optionee  for  more  than six (6)  months  or were not  acquired,
directly or indirectly, from the Company.

                           c. Cashless  Exercise.  The Company reserves,  at any
and all times,  the right,  in the Company's  sole and absolute  discretion,  to
establish,  decline to approve or terminate  any program or  procedures  for the
exercise of Options by means of a Cashless Exercise.

                           d. Payment by Promissory  Note.  No  promissory  note
shall be permitted if the exercise of an Option using a promissory note would be
a violation of any law. Any permitted  promissory note shall be on such terms as
the Board shall  determine  at the time the Option is  granted.  The Board shall
have the  authority to permit or require the  Optionee to secure any  promissory
note used to  exercise  an Option  with the  shares of Stock  acquired  upon the
exercise  of the  Option or with other  collateral  acceptable  to the  Company.

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Unless otherwise provided by the Board, if the Company at any time is subject to
the  regulations  promulgated  by the Board of Governors of the Federal  Reserve
System or any other  governmental  entity  affecting  the extension of credit in
connection with the Company's securities,  any promissory note shall comply with
such applicable regulations, and the Optionee shall pay the unpaid principal and
accrued interest, if any, to the extent necessary to comply with such applicable
regulations.

                  6.4. Tax  Withholding.  The Company shall have the right,  but
not the  obligation,  to  deduct  from the  shares  of Stock  issuable  upon the
exercise of an Option, or to accept from the Optionee the tender of, a number of
whole shares of Stock having a Fair Market Value,  as determined by the Company,
equal to all or any part of the federal, state, local and foreign taxes, if any,
required by law to be withheld by the  Participating  Company Group with respect
to such Option or the shares acquired upon the exercise  thereof.  Alternatively
or in  addition,  in its sole  discretion,  the Company  shall have the right to
require the Optionee,  through payroll  withholding,  cash payment or otherwise,
including by means of a Cashless  Exercise,  to make adequate  provision for any
such tax withholding  obligations of the Participating  Company Group arising in
connection with the Option or the shares acquired upon the exercise thereof. The
Company  shall  have  no  obligation  to  deliver  shares  of  Stock  until  the
Participating Company Group's tax withholding obligations have been satisfied by
the Optionee.

                  6.5.  Repurchase  Rights.  Shares issued under the Plan may be
subject to a right of first refusal,  one or more repurchase  options,  or other
conditions and  restrictions as determined by the Board, in its sole discretion,
at the time the Option is granted. The Company shall have the right to assign at
any time any  repurchase  right it may have,  whether  or not such right is then
exercisable,  to one or more  persons as may be  selected by the  Company.  Upon
request by the Company,  each Optionee  shall  execute any agreement  evidencing
such transfer restrictions prior to the receipt of shares of Stock hereunder and
shall  promptly  present to the  Company any and all  certificates  representing
shares of Stock  acquired  hereunder for the placement on such  certificates  of
appropriate legends evidencing any such transfer restrictions.

         7. Standard Forms of Option Agreement.

                  7.1. Incentive Stock Options. Unless otherwise provided by the
Board at the time the Option is granted,  an Option  designated as an "Incentive
Stock Option" shall comply with and be subject to the terms and  conditions  set
forth in the form of Immediately  Exercisable  Incentive Stock Option  Agreement
adopted by the Board  concurrently  with its adoption of the Plan and as amended
from time to time.

                  7.2. Nonstatutory Stock Options.  Unless otherwise provided by
the  Board at the  time  the  Option  is  granted,  an  Option  designated  as a
"Nonstatutory  Stock  Option"  shall comply with and be subject to the terms and
conditions set forth in the form of Immediately  Exercisable  Nonstatutory Stock
Option Agreement adopted by the Board concurrently with its adoption of the Plan
and as amended from time to time.

                  7.3. Standard Term of Options. Except as otherwise provided in
Section  6.2 or by the  Board in the  grant of an  Option,  any  Option  granted
hereunder  shall have a term of ten (10) years from the effective  date of grant
of the Option.

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                  7.4.  Authority  to Vary  Terms.  The  Board  shall  have  the
authority  from time to time to vary the terms of any of the  standard  forms of
Option Agreement described in this Section 7 either in connection with the grant
or amendment of an individual  Option or in connection with the authorization of
a new standard form or forms;  provided,  however, that the terms and conditions
of any such new,  revised or amended  standard form or forms of Option Agreement
are not  inconsistent  with the terms of the Plan. Such authority shall include,
but not by way of  limitation,  the  authority  to grant  Options  which are not
immediately exercisable.

         8. Transfer of Control.

                  8.1.     Definitions.

                           a. An  "Ownership  Change  Event"  shall be deemed to
have occurred if any of the following occurs with respect to the Company:

                                    i. the direct or  indirect  sale or exchange
in a single or series of related transactions by the stockholders of the Company
of more than fifty percent (50%) of the voting stock of the Company;

                                    ii. a merger or  consolidation  in which the
Company is a party;

                                    iii. the sale, exchange,  or transfer of all
or substantially all of the assets of the Company; or

                                    iv.  a  liquidation  or  dissolution  of the
Company.

                           b. A "Transfer  of Control"  shall mean an  Ownership
Change Event or a series of related Ownership Change Events  (collectively,  the
"Transaction")  wherein the stockholders of the Company  immediately  before the
Transaction do not retain  immediately  after the Transaction,  in substantially
the same  proportions as their ownership of shares of the Company's voting stock
immediately before the Transaction,  direct or indirect beneficial  ownership of
more  than  fifty  percent  (50%)  of the  total  combined  voting  power of the
outstanding  voting stock of the Company or the  corporation or  corporations to
which  the   assets  of  the   Company   were   transferred   (the   "Transferee
Corporation(s)"),  as the case may be. For purposes of the  preceding  sentence,
indirect beneficial  ownership shall include,  without  limitation,  an interest
resulting from ownership of the voting stock of one or more corporations  which,
as  a  result  of  the   Transaction,   own  the   Company  or  the   Transferee
Corporation(s),  as the case may be,  either  directly  or  through  one or more
subsidiary  corporations.  The Board shall have the right to  determine  whether
multiple  sales or  exchanges  of the voting  stock of the  Company or  multiple
Ownership  Change  Events are  related,  and its  determination  shall be final,
binding and conclusive.

                  8.2. Effect of Transfer of Control on Options. In the event of
a Transfer of Control,  the  surviving,  continuing,  successor,  or  purchasing
corporation or parent  corporation  thereof,  as the case may be (the "Acquiring
Corporation"),  may either assume the  Company's  rights and  obligations  under
outstanding  Options  or  substitute  for  outstanding   Options   substantially
equivalent options for the Acquiring  Corporation's  stock. For purposes of this
Section 8.2, an Option  shall be deemed  assumed if,  following  the Transfer of
Control,  the  Option  confers  the right to  purchase,  for each share of Stock
subject  to the  Option  immediately  prior  to the  Transfer  of  Control,  the
consideration  (whether stock,  cash or other securities or property) to which a
holder of a share of Stock on the effective  date of the Transfer of Control was
entitled.  Any  Options  which are  neither  assumed or  substituted  for by the

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Acquiring  Corporation in connection  with the Transfer of Control nor exercised
as of the date of the  Transfer  of  Control  shall  terminate  and  cease to be
outstanding effective as of the date of the Transfer of Control. Notwithstanding
the foregoing,  shares acquired upon exercise of an Option prior to the Transfer
of Control and any  consideration  received  pursuant to the Transfer of Control
with  respect to such  shares  shall  continue  to be subject to all  applicable
provisions of the Option  Agreement  evidencing  such Option except as otherwise
provided in such Option Agreement.  Furthermore,  notwithstanding the foregoing,
if the  corporation  the stock of which is  subject to the  outstanding  Options
immediately  prior to an Ownership  Change Event described in Section  8.1(a)(i)
constituting  a Transfer of Control is the surviving or  continuing  corporation
and immediately  after such Ownership Change Event less than fifty percent (50%)
of the  total  combined  voting  power of its  voting  stock is held by  another
corporation  or by other  corporations  that are members of an affiliated  group
within  the  meaning  of  Section  1504(a)  of the Code  without  regard  to the
provisions of Section  1504(b) of the Code,  the  outstanding  Options shall not
terminate unless the Board otherwise provides in its sole discretion.

         9. Provision of Information. At least annually, copies of the Company's
balance sheet and income  statement for the just completed  fiscal year shall be
made  available  to each  Optionee  and  purchaser  of shares of Stock  upon the
exercise  of an Option.  The  Company  shall not be  required  to  provide  such
information  to persons whose duties in connection  with the Company assure them
access to equivalent information.

         10. Nontransferability of Options. During the lifetime of the Optionee,
an Option shall be exercisable  only by the Optionee or the Optionee's  guardian
or legal  representative.  No Option shall be assignable or  transferable by the
Optionee, except by will or by the laws of descent and distribution.

         11.   Indemnification.   In   addition   to  such   other   rights   of
indemnification  as they  may  have as  members  of the  Board  or  officers  or
employees  of the  Participating  Company  Group,  members  of the Board and any
officers or employees of the  Participating  Company Group to whom  authority to
act for the  Board or the  Company  is  delegated  shall be  indemnified  by the
Company against all reasonable expenses, including attorneys' fees, actually and
necessarily  incurred in  connection  with the  defense of any  action,  suit or
proceeding,  or in connection with any appeal  therein,  to which they or any of
them may be a party by reason of any action  taken or failure to act under or in
connection  with the Plan,  or any right  granted  hereunder,  and  against  all
amounts paid by them in settlement thereof (provided such settlement is approved
by  independent  legal  counsel  selected  by the  Company)  or  paid by them in
satisfaction  of a judgment in any such action,  suit or  proceeding,  except in
relation  to matters as to which it shall be adjudged  in such  action,  suit or
proceeding  that  such  person  is liable  for  gross  negligence,  bad faith or
intentional misconduct in duties; provided, however, that within sixty (60) days
after the  institution  of such action,  suit or  proceeding,  such person shall
offer to the Company,  in writing,  the opportunity at its own expense to handle
and defend the same.

         12.  Termination or Amendment of Plan. The Board may terminate or amend
the Plan at any time. However, subject to changes in applicable law, regulations
or rules that would  permit  otherwise,  without the  approval of the  Company's
stockholders,  there shall be (a) no increase in the maximum aggregate number of
shares of Stock that may be issued  under the Plan  (except by  operation of the
provisions  of Section 4.2),  (b) no change in the class of persons  eligible to
receive  Incentive  Stock Options,  and (c) no other  amendment of the Plan that
would require approval of the Company's  stockholders  under any applicable law,
regulation or rule. In any event,  no  termination  or amendment of the Plan may
adversely affect any then outstanding Option or any unexercised portion thereof,
without the consent of the  Optionee,  unless such  termination  or amendment is
required to enable an Option  designated as an Incentive Stock Option to qualify
as an Incentive  Stock Option or is necessary to comply with any applicable law,
regulation or rule.
                                       9
<PAGE>

         13. Stockholder Approval.  The Plan shall become effective when adopted
by the Board,  but no option  granted  under the Plan may be  exercised,  and no
shares  shall be  issued  under  the Plan,  until  the Plan is  approved  by the
Corporation's stockholders.  If such stockholder approval is not obtained within
twelve (12) months after the date of the Board's  adoption of the Plan, then all
options  previously  granted  under  the Plan  shall  terminate  and cease to be
outstanding,  and no further  options  shall be granted  and no shares  shall be
issued under the Plan.  Subject to such limitation,  the Plan  Administrator may
grant  options and issue shares  under the Plan at any time after the  effective
date of the Plan and before the date fixed herein for termination of the Plan.

         IN WITNESS WHEREOF, the undersigned  Secretary of the Company certifies
that FinancialContent, Inc. 2004 Stock Option Plan was duly adopted by the Board
on April 1, 2004.

                                  Company: FinancialContent, Inc.

                                  By:  /s/ WILFRED SHAW
                                  -----------------------------------
                                       Secretary

                                       10Exhibit 10-40
                                 FORM OF WARRANT

THE SECURITIES  REPRESENTED BY THIS WARRANT HAVE NOT BEEN  REGISTERED  UNDER THE
SECURITIES ACT OF 1933, AS AMENDED,  OR APPLICABLE  STATE  SECURITIES  LAWS. THE
SECURITIES  HAVE BEEN ACQUIRED FOR  INVESTMENT  AND MAY NOT BE OFFERED FOR SALE,
SOLD,  TRANSFERRED  OR  ASSIGNED  IN THE  ABSENCE OF AN  EFFECTIVE  REGISTRATION
STATEMENT FOR THE SECURITIES  UNDER THE  SECURITIES ACT OF 1933, AS AMENDED,  OR
APPLICABLE STATE  SECURITIES  LAWS, OR AN OPINION OF COUNSEL IN FORM,  SUBSTANCE
AND SCOPE REASONABLY  ACCEPTABLE TO THE ISSUER THAT REGISTRATION IS NOT REQUIRED
UNDER SAID ACT OR APPLICABLE  STATE  SECURITIES  LAWS OR UNLESS SOLD PURSUANT TO
RULE 144 UNDER SAID ACT.

                             FINANCIALCONTENT, INC.

                        WARRANT TO PURCHASE COMMON STOCK

Warrant No.:  2004-2                        Warrant to Purchase: 380,000 Shares
Date of Issuance: June 30, 2004

         FINANCIALCONTENT,  INC., a Delaware corporation (the "Company"), hereby
certifies that, for value received, Owen Naccarato ("Naccarato"), the registered
holder hereof or its assigns, is entitled, subject to the terms set forth below,
to purchase  from the Company  upon  surrender of this  Warrant,  at any time or
times on or after the date hereof, but not after 5:00 P.M. Eastern Standard Time
on  the  Expiration   Date  (as  defined   herein)  the  number  of  fully  paid
nonassessable  shares of Common Stock set forth at ss. 2(i) below of the Company
(the "Warrant  Shares") at the purchase price per share provided in Section 1(b)
below (the "Warrant Exercise Price").

         Section 1.        General Provisions

                  (a) Director  Agreement.  This Warrant is issued in connection
         with  Nacarrato's  affiliation as a member of the Board of Directors of
         the Company.

                  (b) Definitions. The following words and terms as used in this
         Warrant shall have the following meanings:

                           "Average  Market  Price"  means,  with respect to any
                  security for any period, that price which shall be computed as
                  the arithmetic average of the last closing bid prices for such
                  security for each trading day in such period on the  principal
                  securities  exchange or trading market for such security where
                  such  security is listed or traded as  reported  by  Bloomberg
                  Financial Markets ("Bloomberg"), or if the market value cannot
                  be calculated for such period on the foregoing bases, the last
                  closing  bid price of such  security  in the  over-the-counter
                  market on the pink sheets or bulletin  board for such security
                  as  reported  by  Bloomberg,  or, if no  closing  bid price is
                  reported  for such  security by  Bloomberg,  the last  closing
                  trade price of such security as reported by Bloomberg.  If the
                  market  value cannot be  calculated  for such period on any of
                  the  foregoing  bases,  the Average  Market Price shall be the
                  average  fair market  value  during such period as  reasonably
                  determined  in good  faith by the  Board of  Directors  of the
                  Company (all as appropriately adjusted for any stock dividend,
                  stock, split or other similar transaction during such period).

                           "Common Stock" means (i) the Company's  common stock,
                  par value  $0.001 per share,  and (ii) any capital  stock into
                  which such Common Stock shall have been changed or any capital
                  stock resulting from a reclassification of such Common Stock.

                                       1
<PAGE>

                           "Expiration  Date"  means  the date one (1) year from
                  the date of this Warrant or, if such date falls on a Saturday,
                  Sunday or other day on which banks are required or  authorized
                  to be closed in the State of  California  (a  "Holiday"),  the
                  next preceding date that is not a Saturday, Sunday or Holiday.

                           "Person"  means an  individual,  a limited  liability
                  company,  a  partnership,  a joint venture,  a corporation,  a
                  trust, an unincorporated  organization and a government or any
                  department or agency thereof.

                           "Securities Act" means the Securities Act of 1933, as
                  amended.

                           "Warrant"  shall mean this  warrant and all  warrants
                  issued in exchange, transfer or replacement of any thereof.

                           "Warrant  Exercise Price" shall be equal to $0.75 per
                  share, subject to adjustment as hereinafter provided.

                  (c) Other Definitional Provisions.

                           (i)  Except  as  otherwise   specified  herein,   all
                  references  herein  (A) to the  Company  shall  be  deemed  to
                  include the Company's successors and (B) to any applicable law
                  defined or referred to herein,  shall be deemed  references to
                  such  applicable  law as the  same  may  have  been  or may be
                  amended or supplemented from time to time.

         Section 2.        Exercise of Warrant.

                  (a) Subject to the terms and conditions  hereof,  this Warrant
         may be exercised by the holder  hereof then  registered on the books of
         the Company,  in whole or in part, at any time during  normal  business
         hours on any  business  day on or after the  opening of business on the
         date  hereof  and  prior  to 5:00  P.M.  Pacific  Standard  Time on the
         Expiration Date by (i) delivery of a written notice, in the form of the
         subscription  notice  attached  as Exhibit A hereto,  of such  holder's
         election to exercise  this  Warrant,  which  notice  shall  specify the
         number of Warrant  Shares to be purchased,  (ii) payment to the Company
         of an amount  equal to the Warrant  Exercise  Price  multiplied  by the
         number of Warrant  Shares as to which the  Warrant  is being  exercised
         (plus any applicable issue or transfer taxes) (the "Aggregate  Exercise
         Price") in cash or by check or wire  transfer,  and (iii) the surrender
         of this Warrant, at the principal office of the Company; provided, that
         if such Warrant  Shares are to be issued in any name other than that of
         the registered holder of this Warrant,  such issuance shall be deemed a
         transfer and the provisions of Section 7 shall be applicable.

                  (b) In the event of any exercise of the rights  represented by
         this Warrant in compliance  with this Section  2(a), a  certificate  or
         certificates for the Warrant Shares so purchased, in such denominations
         as may be requested by the holder hereof and registered in the name of,
         or as directed  by, the holder,  shall be  delivered  at the  Company's
         expense to, or as directed by, such holder as soon as practicable after
         such  rights  shall have been so  exercised,  and in any event no later
         than five (5)  business  days  after  such  exercise.  In the case of a
         dispute as to the  determination  of the Warrant  Exercise Price or the
         Average Market Price of a security or the arithmetic calculation of the
         Warrant  Shares,  the Company  shall  promptly  issue to the holder the
         number of shares of Common  Stock that is not disputed and shall submit
         the disputed  determinations  or arithmetic  calculations to the holder

                                       2
<PAGE>

         via   facsimile   within  one  (1)  day  of  receipt  of  the  holder's
         subscription  notice. If the holder and the Company are unable to agree
         upon the  determination of the Warrant Exercise Price or Average Market
         Price or arithmetic  calculation  of the Warrant  Shares within one (1)
         business day of such disputed  determination or arithmetic  calculation
         being  submitted  to the  holder,  then the Company  shall  immediately
         submit via  facsimile  (i) the  disputed  determination  of the Warrant
         Exercise Price or the Average Market Price to an independent, reputable
         investment banking firm or (ii) the disputed arithmetic  calculation of
         the Warrant Shares to its independent,  outside accountant. The Company
         shall cause the investment banking firm or the accountant,  as the case
         may be, to perform the  determinations  or calculations  and notify the
         Company  and the holder of the results no later than  forty-eight  (48)
         hours  from  the  time  it  receives  the  disputed  determinations  or
         calculations.  Such investment bank's or accountant's  determination or
         calculation,  as the case may be,  shall be  deemed  conclusive  absent
         manifest error.

                  (c) Unless the rights  represented  by this Warrant shall have
         expired or shall have been fully exercised,  the Company shall, as soon
         as  practicable  and in any event no later than five (5) business  days
         after  any  exercise  and at  its  own  expense,  issue  a new  Warrant
         identical in all respects to the Warrant  exercised except (i) it shall
         represent  rights to purchase the number of Warrant Shares  purchasable
         immediately  prior to such exercise under the Warrant  exercised,  less
         the  number of Warrant  Shares  with  respect to which such  Warrant is
         exercised,  and  (ii)  the  holder  thereof  shall  be  deemed  for all
         corporate  purposes to have become the holder of record of such Warrant
         Shares  immediately prior to the close of business on the date on which
         the Warrant is surrendered  and payment of the amount due in respect of
         such exercise and any  applicable  taxes is made,  irrespective  of the
         date of delivery of certificates evidencing such Warrant Shares, except
         that,  if the date of such  surrender  and  payment  is a date when the
         stock  transfer books of the Company are properly  closed,  such person
         shall be deemed to have become the holder of such Warrant Shares at the
         opening  of  business  on the next  succeeding  date on which the stock
         transfer books are open.

                  (d) No fractional shares of Common Stock are to be issued upon
         the exercise of this Warrant, but rather the number of shares of Common
         Stock issued upon  exercise of this Warrant shall be rounded up or down
         to the nearest whole number.

                  (e) If the Company  shall fail for any reason or for no reason
         to issue to a holder  within  five (5)  business  days  after  the time
         required  under this Section 2, a certificate  for the number of shares
         of Common  Stock to which  the  holder is  entitled  upon the  holder's
         exercise  of this  Warrant or a new Warrant for the number of shares of
         Common Stock to which such holder is entitled pursuant to this Warrant,
         the  Company  shall,  in  addition  to any other  remedies  under  this
         Agreement  or  otherwise   available  to  such  holder   including  any
         indemnification  pursuant to the Advisor  Agreement,  pay as additional
         damages in cash to such holder for each day such issuance is not timely
         effected after the fifth (5th) business day following the time required
         under this Section 2, an amount equal to 0.1% of the product of (x) the
         number  of shares of Common  Stock  not  issued to the  holder  and the
         number of shares of Common  Stock  represented  by the new  Warrant not
         issued to the  holder on a timely  basis  and to which  such  holder is
         entitled hereunder and (y) the Closing Bid Price of the Common Stock on
         the last  possible  date which the  Company  could have issued such new
         Warrant or shares of Common Stock to such holder without violating this
         Section 2.

                                       3
<PAGE>

                  (f) Subject to all  conditions  herein,  this Warrant shall be
         exercisable after March 12, 2002 and thereafter until its expiration.

                  (g) In the event that either (i)  Naccarato  is not a director
         with the Company as of 5:00 pm on June 30, 2004,  or (ii)  Naccarato is
         not a director of the Company as of 5:00 pm on the ninetieth (90th) day
         before  the day that this  Warrant  is  presented  by the  holder to be
         exercised,  then this Warrant shall be deemed to have expired upon June
         30, 2004, and shall thus be non-exercisable.

                  (h) The number of Warrant  Shares  which holder is entitled to
         purchase shall be 380,000.

         Section 3.        Covenants  as to Common  Stock.  The  Company  hereby
         covenants and agrees as follows:

                  (a) This Warrant is duly authorized and validly issued.

                  (b) All Warrant  Shares  which may be issued upon the exercise
         of the rights  represented  by this Warrant  will,  upon  issuance,  be
         validly issued,  fully paid and  nonassessable and free from all taxes,
         liens and charges with respect to the issue thereof.

                  (c) During the period within which the rights  represented  by
         this  Warrant  may be  exercised,  the  Company  will at all times have
         authorized  and  reserved at least the number of shares of Common Stock
         needed to provide for the  exercise of the rights then  represented  by
         this Warrant and the par value of said shares will at all times be less
         than or equal to the applicable Warrant Exercise Price.

                  (d) The Company will not, by amendment of its  Certificate  of
         Incorporation  or  through  any  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  by it
         hereunder,  but will at all times in good faith  assist in the carrying
         out of all the provisions of this Warrant and in the taking of all such
         action as may  reasonably be requested by the holder of this Warrant in
         order to protect the  exercise  privilege of the holder of this Warrant
         against  dilution or other  impairment,  consistent  with the tenor and
         purpose  of  this  Warrant.  Without  limiting  the  generality  of the
         foregoing,  the  Company  (i) will not  increase  the par  value of any
         shares of Common  Stock  receivable  upon the  exercise of this Warrant
         above the  Exercise  Price then in effect,  and (ii) will take all such
         actions as may be  necessary or  appropriate  in order that the Company
         may validly and legally  issue fully paid and  nonassessable  shares of
         Common Stock upon the exercise of this Warrant.

                  (e) This Warrant will be binding upon any entity succeeding to
         the  Company  by  merger,   consolidation  or  acquisition  of  all  or
         substantially all of the Company's assets.

         Section 4. Taxes.  The Company  shall not be required to pay any tax or
taxes  attributable  to the  initial  issuance  of  the  Warrant  Shares  or any
permitted  transfer  involved in the issue or delivery of any  certificates  for
Warrant Shares in a name other than that of the registered holder hereof or upon
any permitted transfer of this Warrant.

                                       4
<PAGE>

         Section 5. Warrant Holder Not Deemed a Stockholder. Except as otherwise
specifically  provided  herein,  no holder,  as such,  of this Warrant  shall be
entitled to vote or receive  dividends  or be deemed the holder of shares of the
Company  for any  purpose,  nor shall  anything  contained  in this  Warrant  be
construed  to confer  upon the holder  hereof,  as such,  any of the rights of a
stockholder of the Company or any right to vote, give or withhold consent to any
corporate action (whether any reorganization,  issue of stock,  reclassification
of stock,  consolidation,  merger,  conveyance or otherwise),  receive notice of
meetings,  receive dividends or subscription rights, or otherwise,  prior to the
issuance to the holder of this Warrant of the Warrant  Shares which he or she is
then  entitled to receive  upon the due exercise of this  Warrant.  In addition,
nothing contained in this Warrant shall be construed as imposing any liabilities
on such holder to purchase any  securities or as a  stockholder  of the Company,
whether  such  liabilities  are  asserted by the Company or by  creditors of the
Company.  Notwithstanding this Section 5, the Company will provide the holder of
this Warrant with copies of the same notices and other  information given to the
stockholders of the Company generally, contemporaneously with the giving thereof
to the stockholders.

         Section 6.  Representations of Holder.  The holder of this Warrant,  by
the  acceptance  hereof,  represents  that it is acquiring  this Warrant and the
Warrant Shares for its own account for investment and not with a view to, or for
sale in  connection  with,  any  distribution  hereof or of any of the shares of
Common Stock or other  securities  issuable upon the exercise  thereof,  and not
with any present  intention of  distributing  any of the same.  Upon exercise of
this Warrant, the holder shall, if requested by the Company, confirm in writing,
in a form satisfactory to the Company,  that the Warrant Shares so purchased are
being acquired  solely for the holder's own account and not as a nominee for any
other party, for investment,  and not with a view toward distribution or resale.
If such holder cannot make such representations  because they would be factually
incorrect, it shall be a condition to such holder's exercise of the Warrant that
the  Company  receive  such  other  representations  as  the  Company  considers
reasonably  necessary to assure the Company that the issuance of its  securities
upon  exercise  of the  Warrant  shall not  violate  any United  States or state
securities laws.

         Section 7.        Ownership and Transfer.

                  (a) The  Company  shall  maintain at its  principal  executive
         offices  (or such  other  office  or agency  of the  Company  as it may
         designate by notice to the holder hereof), a register for this Warrant,
         in which the Company shall record the name and address of the person in
         whose  name  this  Warrant  has  been  issued,  as well as the name and
         address of each  transferee.  The Company may treat the person in whose
         name any Warrant is  registered on the register as the owner and holder
         thereof for all purposes,  notwithstanding  any notice to the contrary,
         but in all events recognizing any transfers made in accordance with the
         terms of this Warrant.

                  (b) This Warrant and the rights  granted to the holder  hereof
         are transferable,  in whole or in part, upon surrender of this Warrant,
         together with a properly  executed warrant power in the form of Exhibit
         B attached hereto;  provided,  however, that any transfer or assignment
         shall be subject to the conditions set forth in Section 7(c) below.

                  (c) The holder of this Warrant  understands  that this Warrant
         has not been and is not expected to be, registered under the Securities
         Act or any state  securities  laws,  and may not be  offered  for sale,
         sold,  assigned  or  transferred  unless  (a)  subsequently  registered
         thereunder,  or (b) such holder shall have  delivered to the Company an
         opinion  of  counsel,   reasonably  satisfactory  in  form,  scope  and

                                       5
<PAGE>

         substance to the Company, to the effect that the securities to be sold,
         assigned or transferred may be sold,  assigned or transferred  pursuant
         to an exemption from such registration; (i) any sale of such securities
         made in reliance on Rule 144  promulgated  under the Securities Act may
         be made only in accordance with the terms of said Rule and further,  if
         said  Rule is not  applicable,  any  resale  of such  securities  under
         circumstances  in which the seller (or the person through whom the sale
         is made) may be deemed to be an underwriter (as that term is defined in
         the Securities  Act) may require  compliance  with some other exemption
         under the Securities Act or the rules and regulations of the Securities
         and Exchange  Commission  thereunder;  and (ii) neither the Company nor
         any other  person is under any  obligation  to  register  the  Series A
         Preferred  Share  Warrants  under  the  Securities  Act  or  any  state
         securities  laws or to  comply  with the terms  and  conditions  of any
         exemption thereunder.

         Section 8.  Adjustment of Warrant  Exercise  Price. In order to prevent
dilution of the rights  granted under this Warrant,  the Warrant  Exercise Price
shall be adjusted from time to time as follows: If the Company at any time after
the date of issuance of this  Warrant,  subdivides  (by any stock  split,  stock
dividend,  recapitalization or otherwise) one or more classes of its outstanding
shares of Common  Stock into a greater  number of shares,  the Warrant  Exercise
Price in effect  immediately  prior to such subdivision will be  proportionately
reduced and the number of shares of Common  Stock  obtainable  upon  exercise of
this Warrant will be proportionately increased. If the Company at any time after
the date of issuance of this Warrant  combines (by  combination,  reverse  stock
split or  otherwise)  one or more  classes of its  outstanding  shares of Common
Stock into a smaller  number of shares,  the  Warrant  Exercise  Price in effect
immediately prior to such combination will be proportionately  increased and the
number of shares of Common Stock  obtainable  upon exercise of this Warrant will
be proportionately decreased.

                  (a) Notices.

                           (i)  Immediately  upon any  adjustment of the Warrant
                  Exercise  Price,  the Company will give written notice thereof
                  to the holder of this  Warrant,  setting  forth in  reasonable
                  detail and certifying the calculation of such adjustment.

                           (ii) The  Company  will  give  written  notice to the
                  holder of this  Warrant at least twenty (20) days prior to the
                  date on which the  Company  closes its books or takes a record
                  (A) with  respect to any  dividend  or  distribution  upon the
                  Common  Stock,  (B) with respect to any pro rata  subscription
                  offer to holders of Common Stock or (C) for determining rights
                  to vote with  respect to any Organic  Change,  dissolution  or
                  liquidation,  except  that in no event  shall  such  notice be
                  provided to such holder prior to such  information  being made
                  known to the public.

         Section  9. Lost,  Stolen,  Mutilated  or  Destroyed  Warrant.  If this
Warrant is lost, stolen,  mutilated or destroyed,  the Company shall, on receipt
of an indemnification undertaking,  issue a new Warrant of like denomination and
tenor as the Warrant so lost, stolen, mutilated or destroyed.

                                       6
<PAGE>

         Section  10.  Notice.  Any  notices,   consents,   waivers,   or  other
communications required or permitted to be given under the terms of this Warrant
must be in writing and will be deemed to have been  delivered  (i) upon receipt,
when delivered personally; (ii) upon receipt, when sent by facsimile, provided a
copy is mailed by U.S. certified mail, return receipt requested; (iii) three (3)
days after being sent by U.S. certified mail, return receipt requested;  or (iv)
one (1) day  after  deposit  with a  nationally  recognized  overnight  delivery
service,  in each case properly  addressed to the party to receive the same. The
addresses and facsimile numbers for such communications shall be:

                  If to the Company:

                           FINANCIALCONTENT, INC.
                           400 Oyster Point Blvd., Suite 435
                           South San Francisco, CA 93023

                  If to a holder of this Warrant:  to the address at the address
                  set forth below such holder's  signature on the signature page
                  hereof.

Each party shall provide five (5) days' prior written  notice to the other party
of any change in address or facsimile number.

         Section  11.  Miscellaneous.  This  Warrant  and any term hereof may be
changed,  waived,  discharged,  or  terminated  only by an instrument in writing
signed by the party or holder hereof  against which  enforcement of such change,
waiver, discharge or termination is sought. The headings in this Warrant are for
convenience  of  reference  only and  shall not limit or  otherwise  affect  the
meaning hereof. This Warrant shall be governed by and interpreted under the laws
of the State of California.

         Section 12.  Date.  The date of this  Warrant is March 12,  2002.  This
Warrant, in all events, shall be wholly void and of no effect after the close of
business  on  the  Expiration  Date,  except  that   notwithstanding  any  other
provisions  hereof, the provisions of Section 7 shall continue in full force and
effect after such date as to any Warrant Shares or other securities  issued upon
the exercise of this Warrant.

                                     * * * *

                                         FINANCIALCONTENT, INC.

                                         By: /s/ Wing Yu
                                         ---------------------------------------
                                         Name: Wing Yu
                                         Title: Chief Executive Officer

ACCEPTED:

/s/ Owen Naccarato
---------------------------
Owen Naccarato

<PAGE>

                              EXHIBIT A TO WARRANT

                                SUBSCRIPTION FORM

        TO BE EXECUTED BY THE REGISTERED HOLDER TO EXERCISE THIS WARRANT

                             FINANCIALCONTENT, INC.

         The  undersigned  hereby  exercises the right to purchase the number of
Warrant  Shares  covered  by  this  Warrant  specified  below  according  to the
conditions  thereof  and  herewith  makes  payment  therefor  in the  amount  of
$____________________,  the Aggregate  Exercise  Price of such Warrant Shares in
full, and requests that such Warrant Shares be issued in the name of:

                                 Owen Naccarato

Dated: ________________
                                       By: ____________________________________
                                       Name: __________________________________
                                       Title: _________________________________
                                       Address: _______________________________

                                       Number of Warrant Shares
                                       Being Purchased:   _____________________

<PAGE>

                              EXHIBIT B TO WARRANT

                              FORM OF WARRANT POWER

         FOR VALUE RECEIVED,  the undersigned does hereby assign and transfer to
__________________       _________________________________________       Federal
Identification  No.  __________________,  a warrant to  purchase  ______________
shares of the capital stock of FINANCIALCONTENT,  INC., a Delaware  corporation,
represented by warrant  certificate  No.  ________,  standing in the name of the
undersigned  on the  books of said  corporation.  The  undersigned  does  hereby
irrevocably                 constitute                and                appoint
______________________________________________,   attorney   to   transfer   the
warrants of said corporation, with full power of substitution in the premises.

Dated: ___________________            _________________________________________

                                      By: ______________________________________
                                      Its: _____________________________________

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00072-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00072-of-00352.parquet"}]]