Document:

Exhibit 4.1

THIS  SECURITY  HAS  NOT  BEEN  REGISTERED  WITH  THE  SECURITIES  AND  EXCHANGE
COMMISSION  OR THE  SECURITIES  COMMISSION  OF ANY  STATE  IN  RELIANCE  UPON AN
EXEMPTION  FROM  REGISTRATION  UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE
"SECURITIES ACT"), AND, ACCORDINGLY,  MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT
TO AN EFFECTIVE  REGISTRATION  STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO
AN  AVAILABLE   EXEMPTION  FROM,  OR  IN  A  TRANSACTION  NOT  SUBJECT  TO,  THE
REGISTRATION   REQUIREMENTS  OF  THE  SECURITIES  ACT  AND  IN  ACCORDANCE  WITH
APPLICABLE  STATE  SECURITIES LAWS AS EVIDENCED BY A LEGAL OPINION OF COUNSEL TO
THE  TRANSFEROR  TO SUCH  EFFECT,  THE  SUBSTANCE  OF WHICH SHALL BE  REASONABLY
ACCEPTABLE TO THE COMPANY.  THIS  SECURITY MAY BE PLEDGED IN  CONNECTION  WITH A
BONA FIDE MARGIN ACCOUNT OR OTHER LOAN SECURED BY SUCH SECURITIES.

Original Issue Date: April 7, 2005

                                                                      $50,000.00

              12% SUBORDINATED PROMISSORY NOTE DUE OCTOBER 7, 2005

      THIS NOTE is a duly authorized and issued 12% Subordinated Promissory Note
of Knobias,  Inc., a Delaware corporation,  having a principal place of business
at 875 Northpark Drive, Ridgeland,  MS 39157 (the "Company"),  designated as its
12% Subordinated Promissory Note, due October 7, 2005 (the "Note").

      FOR VALUE RECEIVED, the Company promises to pay to TIMOTHY J. AYLOR or his
registered assigns (the "Holder"), the principal sum of $50,000.00 on October 7,
2005,  or such earlier date as the Note is required or permitted to be repaid as
provided  hereunder (the "Maturity Date"),  and to pay interest to the Holder on
the outstanding  principal amount of this Note in accordance with the provisions
hereof. This Note is subject to the following additional provisions:

      Section 1. Definitions.  For the purposes hereof, in addition to the terms
defined  elsewhere in this Note,  the  following  terms shall have the following
meanings:

            "Business  Day"  means any day except  Saturday,  Sunday and any day
      which shall be a federal  legal  holiday in the United  States or a day on
      which  banking  institutions  in the State of New York are  authorized  or
      required by law or other government action to close.

            "Change of Control  Transaction"  means the occurrence of any of (i)
      an  acquisition  after the date hereof by an individual or legal entity or
      "group" (as described in Rule 13d-5(b)(1)  promulgated  under the Exchange
      Act) of effective  control (whether through legal or beneficial  ownership
      of capital stock of the Company, by contract or otherwise) of in excess of
      33% of the voting securities of the Company,  or (ii) a replacement at one
      time or within a three year period of more than one-half of the members of
      the  Company's  board of directors  which is not approved by a majority of
      those  individuals  who are members of the board of  directors on the date
      hereof (or by those individuals who are serving as members of the board of
      directors  on any date  whose  nomination  to the board of  directors  was
      approved by a majority of the  members of the board of  directors  who are
      members on the date  hereof),  or (iii) the execution by the Company of an
      agreement  to which  the  Company  is a party  or by  which  it is  bound,
      providing for any of the events set forth above in (i) or (ii).
<PAGE>

            "Common  Stock"  means the  common  stock,  $.01 par  value,  of the
      Company and stock of any other class into which such shares may  hereafter
      have been reclassified or changed.

            "Event of Default" shall have the meaning set forth in Section 4.

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

            "Original  Issue Date" shall mean the date of the first  issuance of
      the Note  regardless of the number of transfers of any Note and regardless
      of the number of instruments which may be issued to evidence such Note.

            "Person"  means  a  corporation,   an  association,  a  partnership,
      organization,  a  business,  an  individual,  a  government  or  political
      subdivision thereof or a governmental agency.

            "Securities  Act" means the Securities Act of 1933, as amended,  and
      the rules and regulations promulgated thereunder.

            "Trading  Day" means a day on which the Common  Stock is traded on a
      Trading Market.

            "Trading  Market" means the following  markets or exchanges on which
      the Common  Stock is listed or quoted for trading on the date in question:
      the Nasdaq  SmallCap  Market,  the American Stock  Exchange,  the New York
      Stock Exchange, the Nasdaq National Market or the OTC Bulletin Board.

      Section 2. Interest and Prepayments.

            a) Payment of Interest in Cash.  The Company  shall pay  interest to
      the Holder on the aggregate and outstanding  principal amount of this Note
      at the rate of 12% per annum,  payable monthly in cash on the first day of
      each month, beginning on the first such date after the Original Issue Date
      and on the Maturity  Date (except that, if any such date is not a Business
      Day, then such payment shall be due on the next succeeding Business Day).

                                       2
<PAGE>

            b) Late Fee.  All  overdue  accrued  and unpaid  interest to be paid
      hereunder  shall  entail a late fee at the rate of 20% per  annum (or such
      lower maximum amount of interest  permitted to be charged under applicable
      law) ("Late Fee") which will accrue daily,  from the date such interest is
      due hereunder through and including the date of payment.

            c) Optional Prepayment.  The Company shall have the right to prepay,
      in cash,  from time to time,  all or a portion of the principal  amount of
      the Note,  plus all  accrued  and unpaid  interest  thereon to the date of
      repayment.

      Section  3.  Negative  Covenants.  So long as any  portion of this Note is
outstanding, the Company will not directly or indirectly:

            a) amend its certificate of  incorporation,  bylaws or other charter
      documents so as to adversely affect any rights of the Holder;

            b) repay,  repurchase  or offer to repay,  repurchase  or  otherwise
      acquire  any of  its  Common  Stock,  Preferred  Stock,  or  other  equity
      securities; or

            c) enter into any agreement with respect to any of the foregoing.

      Section 4. Events of Default.

            a) "Event of Default",  wherever  used herein,  means any one of the
      following events (whatever the reason and whether it shall be voluntary or
      involuntary  or effected by operation of law or pursuant to any  judgment,
      decree or order of any court,  or any  order,  rule or  regulation  of any
      administrative or governmental body):

                  i. any default in the payment of (A) the  principal  of amount
            of the Note, or (B) interest (including Late Fees) on, or damages in
            respect   of,  any  Note,   in  each  case  free  of  any  claim  of
            subordination,  as and when the same shall  become  due and  payable
            (whether on the Maturity Date or by acceleration or otherwise) which
            default,  solely in the case of an interest payment or other default
            under clause (B) above, is not cured, within 2 Trading Days;

                  ii. the  Company  shall  fail to observe or perform  any other
            covenant or agreement  contained  in this Note which  failure is not
            cured,  if  possible  to cure,  within the earlier to occur of (A) 5
            Trading Days after notice of such default sent by the Holder and (B)
            10 Trading Days after the Company shall become or should have become
            aware of such failure;

                  iii. a default or event of  default  (subject  to any grace or
            cure period  provided for in the applicable  agreement,  document or
            instrument) shall occur under any other material  agreement,  lease,
            document or instrument to which the Company is bound;

                                       3
<PAGE>

                  iv.  (i)  the  Company  shall  commence,  or  there  shall  be
            commenced   against  the  Company,   a  case  under  any  applicable
            bankruptcy or  insolvency  laws as now or hereafter in effect or any
            successor  thereto,  or the Company  commences any other  proceeding
            under any reorganization, arrangement, adjustment of debt, relief of
            debtors,  dissolution,  insolvency or  liquidation or similar law of
            any jurisdiction  whether now or hereafter in effect relating to the
            Company  thereof or (ii) there is commenced  against the Company any
            such  bankruptcy,  insolvency  or  other  proceeding  which  remains
            undismissed  for a  period  of 60  days;  or (iii)  the  Company  is
            adjudicated  by a  court  of  competent  jurisdiction  insolvent  or
            bankrupt;  or any order of relief or other order  approving any such
            case or  proceeding  is  entered;  or (iv) the  Company  suffers any
            appointment  of any custodian or the like for it or any  substantial
            part of its property which continues  undischarged or unstayed for a
            period of 60 days; or (v) the Company makes a general assignment for
            the benefit of creditors;  or (vi) the Company shall fail to pay, or
            shall state that it is unable to pay, or shall be unable to pay, its
            debts  generally as they become due; or (vii) the Company shall call
            a meeting of its creditors  with a view to arranging a  composition,
            adjustment  or  restructuring  of its debts;  or (viii) the  Company
            shall by any act or failure to act  expressly  indicate  its consent
            to, approval of or acquiescence in any of the foregoing; or (ix) any
            corporate or other action is taken by the Company for the purpose of
            effecting any of the foregoing;

                  v. the Company shall default in any of its  obligations  under
            any  mortgage,   credit  agreement  or  other  facility,   indenture
            agreement, factoring agreement or other instrument under which there
            may be issued,  or by which  there may be secured or  evidenced  any
            indebtedness  for  borrowed  money or money  due under any long term
            leasing  or  factoring  arrangement  of  the  Company  in an  amount
            exceeding  $150,000,  whether such  indebtedness now exists or shall
            hereafter  be  created  and  such  default   shall  result  in  such
            indebtedness becoming or being declared due and payable prior to the
            date on which it would otherwise become due and payable;

                  vi. the Common Stock shall not be eligible for quotation on or
            quoted  for  trading  on a  Trading  Market  and  shall not again be
            eligible  for and quoted or listed for trading  thereon  within five
            Trading Days;

                  vii.  the  Company  shall be a party to any  Change of Control
            Transaction,  shall  agree to sell or dispose of all or in excess of
            33% of its assets in one or more  transactions  (whether or not such
            sale  would  constitute  a Change of Control  Transaction)  or shall
            redeem  or  repurchase   more  than  a  de  minimis  number  of  its
            outstanding shares of Common Stock or other equity securities of the
            Company  (other than  repurchases of shares of Common Stock or other
            equity  securities  of  departing  officers  and  directors  of  the
            Company; provided such repurchases shall not exceed $100,000, in the
            aggregate,  for all officers and  directors  during the term of this
            Note);

                                       4
<PAGE>

            b) Remedies Upon Event of Default.  If any Event of Default  occurs,
      the full principal  amount of this Note,  together with interest and other
      amounts  owing  in  respect  thereof,  to the date of  acceleration  shall
      become,  at the Holder's  election,  immediately  due and payable in cash.
      Commencing  5 days  after  the  occurrence  of any Event of  Default  that
      results in the eventual  acceleration  of this Note,  the interest rate on
      this Note shall accrue at the rate of 20% per annum, or such lower maximum
      amount of interest  permitted to be charged  under  applicable  law.  Upon
      payment  of  all  amounts  due  hereunder  the  Note  shall   promptly  be
      surrendered to or as directed by the Company.  The Holder need not provide
      and the Company hereby waives any  presentment,  demand,  protest or other
      notice of any kind, and the Holder may immediately and without  expiration
      of any  grace  period  enforce  any and  all of its  rights  and  remedies
      hereunder and all other  remedies  available to it under  applicable  law.
      Such declaration may be rescinded and annulled by Holder at any time prior
      to payment hereunder and the Holder shall have all rights as a Note holder
      until such time, if any, as the full payment under this Section shall have
      been  received by it. No such  rescission  or  annulment  shall affect any
      subsequent Event of Default or impair any right consequent thereon.

      Section 5. Miscellaneous.

            a)  Notices.   Any  and  all  notices  or  other  communications  or
      deliveries to be provided by the Holder  hereunder shall be in writing and
      delivered  personally,  by  facsimile,  sent  by a  nationally  recognized
      overnight  courier service,  addressed to the Company,  at the address set
      forth  above,  facsimile  number  (601)  978-3675,  Attn:  E. Key  Ramsey,
      President,  or such other  address or facsimile  number as the Company may
      specify for such purposes by notice to the Holder  delivered in accordance
      with  this  Section.  Any and  all  notices  or  other  communications  or
      deliveries to be provided by the Company hereunder shall be in writing and
      delivered  personally,  by  facsimile,  sent  by a  nationally  recognized
      overnight  courier  service  addressed  to the  Holder  at  the  facsimile
      telephone  number or address of such Holder  appearing on the books of the
      Company,  or if no such facsimile  telephone number or address appears, at
      the  principal  place of  business  of the  Holder.  Any  notice  or other
      communication or deliveries  hereunder shall be deemed given and effective
      on the  earliest  of (i) the  date of  transmission,  if  such  notice  or
      communication is delivered via facsimile at the facsimile telephone number
      specified in this Section  prior to 5:30 p.m.  (New York City time),  (ii)
      the date after the date of  transmission,  if such notice or communication
      is delivered via facsimile at the facsimile  telephone number specified in
      this  Section  later  than 5:30 p.m.  (New York City time) on any date and
      earlier  than  11:59 p.m.  (New York City  time) on such  date,  (iii) the
      second  Business Day following the date of mailing,  if sent by nationally
      recognized  overnight courier service,  or (iv) upon actual receipt by the
      party to whom such notice is required to be given.

            b) Absolute  Obligation.  Except as expressly  provided  herein,  no
      provision  of this  Note  shall  alter or  impair  the  obligation  of the
      Company,  which is absolute and  unconditional,  to pay the  principal of,
      interest and liquidated damages (if any) on, this Note at the time, place,
      and rate, and in the coin or currency,  herein prescribed.  This Note is a
      direct debt obligation of the Company.

                                       5
<PAGE>

            c) Lost or Mutilated  Note. If this Note shall be  mutilated,  lost,
      stolen or destroyed,  the Company  shall execute and deliver,  in exchange
      and substitution for and upon cancellation of a mutilated Note, or in lieu
      of or in substitution for a lost, stolen or destroyed Note, a new Note for
      the principal amount of this Note so mutilated,  lost, stolen or destroyed
      but only upon receipt of evidence of such loss,  theft or  destruction  of
      such Note, and of the ownership hereof, and indemnity,  if requested,  all
      reasonably satisfactory to the Company.

            d)  Subordination.  The obligations of the Company to the Holder are
      subordinated  in right of payment to the  obligations of the Company owing
      to the holders of the Company's 8% Secured  Convertible Notes due November
      1, 2006.

            e)  Governing  Law.  All  questions   concerning  the  construction,
      validity, enforcement and interpretation of this Note shall be governed by
      and  construed  and enforced in  accordance  with the internal laws of the
      State of Mississippi, without regard to the principles of conflicts of law
      thereof.  Each party  agrees  that all legal  proceedings  concerning  the
      interpretations,  enforcement and defense of the transactions contemplated
      by this Note  (whether  brought  against a party hereto or its  respective
      affiliates, directors, officers, shareholders,  employees or agents) shall
      be commenced  in the state and federal  courts  sitting in Jackson,  Hinds
      County,  Mississippi (the "Mississippi Courts").  Each party hereto hereby
      irrevocably  submits  to the  exclusive  jurisdiction  of the  Mississippi
      Courts for the  adjudication  of any dispute  hereunder  or in  connection
      herewith or with any transaction  contemplated hereby or discussed herein,
      and  hereby  irrevocably  waives,  and  agrees  not to assert in any suit,
      action or proceeding,  any claim that it is not personally  subject to the
      jurisdiction of any such court, or such Mississippi Courts are an improper
      or inconvenient  venue for such proceeding.  Each party hereby irrevocably
      waives personal service of process and consents to process being served in
      any such  suit,  action  or  proceeding  by  mailing  a copy  thereof  via
      registered  or certified  mail or  overnight  delivery  (with  evidence of
      delivery)  to such party at the  address in effect for notices to it under
      this  Note  and  agrees  that  such  service  shall  constitute  good  and
      sufficient service of process and notice thereof. Nothing contained herein
      shall be  deemed  to limit in any way any  right to serve  process  in any
      manner permitted by law. Each party hereto hereby  irrevocably  waives, to
      the fullest extent permitted by applicable law, any and all right to trial
      by jury in any legal proceeding arising out of or relating to this Note or
      the transactions  contemplated  hereby.  If either party shall commence an
      action or  proceeding  to enforce any  provisions  of this Note,  then the
      prevailing  party in such action or proceeding  shall be reimbursed by the
      other party for its attorneys  fees and other costs and expenses  incurred
      with the  investigation,  preparation  and  prosecution  of such action or
      proceeding.

            f) Waiver.  Any  waiver by the  Company or the Holder of a breach of
      any  provision  of this Note shall not operate as or be  construed to be a
      waiver of any other breach of such provision or of any breach of any other
      provision of this Note. The failure of the Company or the Holder to insist
      upon strict  adherence  to any term of this Note on one or more  occasions
      shall  not be  considered  a waiver  or  deprive  that  party of the right
      thereafter to insist upon strict  adherence to that term or any other term
      of this Note. Any waiver must be in writing.

                                       6
<PAGE>

            g) Severability.  If any provision of this Note is invalid,  illegal
      or unenforceable,  the balance of this Note shall remain in effect, and if
      any  provision is  inapplicable  to any person or  circumstance,  it shall
      nevertheless remain applicable to all other persons and circumstances.  If
      it shall be found that any  interest or other amount  deemed  interest due
      hereunder violates applicable laws governing usury, the applicable rate of
      interest due hereunder shall automatically be lowered to equal the maximum
      permitted rate of interest.  The Company  covenants (to the extent that it
      may lawfully do so) that it shall not at any time insist upon,  plead,  or
      in any manner  whatsoever  claim or take the benefit or advantage  of, any
      stay,  extension or usury law or other law which would prohibit or forgive
      the Company from paying all or any portion of the principal of or interest
      on this Note as contemplated herein,  wherever enacted, now or at any time
      hereafter in force,  or which may affect the covenants or the  performance
      of this  indenture,  and the Company (to the extent it may lawfully do so)
      hereby  expressly  waives all  benefits or  advantage of any such law, and
      covenants  that it will not, by resort to any such law,  hinder,  delay or
      impeded the execution of any power herein granted to the Holder,  but will
      suffer and permit  the  execution  of every such as though no such law has
      been enacted.

            h) Next  Business  Day.  Whenever  any  payment or other  obligation
      hereunder  shall be due on a day other than a Business  Day,  such payment
      shall be made on the next succeeding Business Day.

            i) Headings. The headings contained herein are for convenience only,
      do not  constitute a part of this Note and shall not be deemed to limit or
      affect any of the provisions hereof.

      IN WITNESS  WHEREOF,  the Company has caused this Note to be duly executed
by a duly authorized officer as of the date first above indicated.

                                             KNOBIAS, INC.

                                             /s/ E. KEY RAMSEY
                                             -----------------------------------
                                             E. Key Ramsey, President

                                       7Exhibit 4.2

NEITHER THIS SECURITY NOR THE SECURITIES INTO WHICH THIS SECURITY IS EXERCISABLE
HAVE  BEEN  REGISTERED  WITH  THE  SECURITIES  AND  EXCHANGE  COMMISSION  OR THE
SECURITIES   COMMISSION  OF  ANY  STATE  1N  RELIANCE  UPON  AN  EXEMPTION  FROM
REGISTRATION  UNDER THE  SECURITIES  ACT OF 1933,  AS AMENDED  (THE  "SECURITIES
ACT"),  AND,  ACCORDINGLY,  MAY NOT BE OFFERED  OR SOLD  EXCEPT  PURSUANT  TO AN
EFFECTIVE  REGISTRATION  STATEMENT  UNDER THE  SECURITIES  ACT OR PURSUANT TO AN
AVAILABLE  EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE  REGISTRATION
REQUIREMENTS  OF THE  SECURITIES  ACT AND IN ACCORDANCE  WITH  APPLICABLE  STATE
SECURITIES  LAWS AS EVIDENCED BY A LEGAL OPINION OF COUNSEL TO THE TRANSFEROR TO
SUCH  EFFECT,  THE  SUBSTANCE  OF WHICH SHALL BE  REASONABLY  ACCEPTABLE  TO THE
COMPANY.  THIS  SECURITY  AND THE  SECURITIES  ISSUABLE  UPON  EXERCISE  OF THIS
SECURITY MAY BE PLEDGED IN CONNECTION  WITH A BONA FIDE MARGIN  ACCOUNT OR OTHER
LOAN SECURED BY SUCH SECURITIES.

                          COMMON STOCK PURCHASE WARRANT

                  To Purchase 10,000 Shares of Common Stock of

                                  Knobias, Inc.

      THIS COMMON STOCK PURCHASE  WARRANT (the  "Warrant")  certifies  that, for
value received, TIMOTHY J. AYLOR (the "Holder"), is entitled, upon the terms and
subject to the limitations on exercise and the conditions hereinafter set forth,
at any time on or after the date hereof (the "Initial  Exercise Date") and on or
prior to the close of  business  on the five  year  anniversary  of the  Initial
Exercise Date (the "Termination Date") but not thereafter,  to subscribe for and
purchase from  Knobias,  Inc., a Delaware  corporation  (the  "Company"),  up to
10,000 shares (the "Warrant  Shares") of Common Stock,  $0.01 par value,  of the
Company (the "Common  Stock").  The purchase  price of one share of Common Stock
under this Warrant shall be equal to the Exercise  Price,  as defined in Section
1(b).

      Section 1. Exercise.

            a) Exercise of Warrant.  Exercise of the purchase rights represented
      by this  Warrant  may be made at any time or times on or after the Initial
      Exercise  Date and on or before the  Termination  Date by  delivery to the
      Company of a duly executed  facsimile  copy of the Notice of Exercise Form
      annexed  hereto (or such other  office or agency of the  Company as it may
      designate by notice in writing to the registered  Holder at the address of
      such Holder  appearing on the books of the  Company);  provided,  however,
      within 5 Trading  Days of the date said Notice of Exercise is delivered to
      the Company, the Holder shall have surrendered this Warrant to the Company
      and the Company  shall have  received  payment of the  aggregate  Exercise
      Price of the shares thereby  purchased by wire transfer or cashier's check
      drawn on a United States bank.
<PAGE>

            b) Exercise Price. The exercise price of the Common Stock under this
      Warrant shall be $0.75,  subject to adjustment  hereunder  (the  "Exercise
      Price").

            c) Cashless Exercise. If at any time after one year from the date of
      issuance of this  Warrant  there is no  effective  Registration  Statement
      registering  the resale of the  Warrant  Shares by the  Holder,  then this
      Warrant  may  also be  exercised  at such  time by  means  of a  "cashless
      exercise" in which the Holder  shall be entitled to receive a  certificate
      for the  number  of  Warrant  Shares  equal to the  quotient  obtained  by
      dividing [(A-B) (X)] by (A), where:

            (A) = the VWAP (volume  weighted  average  price of the  Company's
                  Common  Stock as quoted by  Bloomberg,  LP) on the Trading Day
                  immediately preceding the date of such election;

            (B) = the Exercise Price of this Warrant, as adjusted; and

            (X) = the number of Warrant Shares  issuable upon exercise of this
                  Warrant in accordance  with the terms of this Warrant by means
                  of a cash exercise rather than a cashless exercise.

            d) Exercise Limitations; Holder's Restrictions. The Holder shall not
      have the right to  exercise  any  portion  of this  Warrant,  pursuant  to
      Section 1(c) or otherwise,  to the extent that after giving effect to such
      issuance  after   exercise,   the  Holder   (together  with  the  Holder's
      affiliates),  as set forth on the  applicable  Notice of  Exercise,  would
      beneficially  own in excess of 9.99% of the number of shares of the Common
      Stock outstanding  immediately  after giving effect to such issuance.  For
      purposes of the foregoing  sentence,  the number of shares of Common Stock
      beneficially  owned by the Holder and its  affiliates  shall  include  the
      number of shares of Common Stock  issuable  upon  exercise of this Warrant
      with respect to which the  determination  of such  sentence is being made,
      but shall  exclude  the number of shares of Common  Stock  which  would be
      issuable upon (A) exercise of the remaining,  nonexercised portion of this
      Warrant  beneficially owned by the Holder or any of its affiliates and (B)
      exercise or conversion of the unexercised or  nonconverted  portion of any
      other securities of the Company (including,  without limitation, any other
      Notes or  Warrants)  subject to a  limitation  on  conversion  or exercise
      analogous to the limitation  contained  herein  beneficially  owned by the
      Holder or any of its  affiliates.  Except  as set  forth in the  preceding
      sentence, for purposes of this Section 1(d), beneficial ownership shall be
      calculated in accordance  with Section 13(d) of the Exchange Act, it being
      acknowledged by Holder that the Company is not representing to Holder that
      such  calculation is in compliance  with Section 13(d) of the Exchange Act
      and Holder is solely responsible for any schedules required to be filed in
      accordance therewith.  To the extent that the limitation contained in this
      Section  1(d)  applies,  the  determination  of  whether  this  Warrant is
      exercisable (in relation to other  securities  owned by the Holder) and of
      which a  portion  of this  Warrant  is  exercisable  shall  be in the sole
      discretion  of such  Holder,  and the  submission  of a Notice of Exercise
      shall be deemed to be such Holder's  determination of whether this Warrant
      is exercisable (in relation to other  securities owned by such Holder) and
      of which portion of this Warrant is  exercisable,  in each case subject to
      such  aggregate  percentage  limitation,  and the  Company  shall  have no
      obligation  to verify or confirm the accuracy of such  determination.  For
      purposes of this Section 1(d), in  determining  the number of  outstanding
      shares of Common Stock,  the Holder may rely on the number of  outstanding
      shares of Common Stock as reflected in (x) the Company's  most recent Form
      10-QSB  or Form  10-KSB,  as the case  may be,  (y) a more  recent  public
      announcement  by the Company or (z) any other notice by the Company or the
      Company's  Transfer  Agent  setting  forth the  number of shares of Common
      Stock  outstanding.  Upon the written or oral  request of the Holder,  the
      Company shall within two Trading Days confirm orally and in writing to the
      Holder the number of shares of Common Stock then outstanding. In any case,
      the number of outstanding shares of Common Stock shall be determined after
      giving effect to the  conversion or exercise of securities of the Company,
      including this Warrant,  by the Holder or its affiliates since the date as
      of which such number of  outstanding  shares of Common Stock was reported.
      The  provisions  of this Section 1(d) may be waived by the Holder upon, at
      the  election  of the Holder,  not less than 61 days' prior  notice to the
      Company,  and the  provisions of this Section 1(d) shall continue to apply
      until such 6lst day (or such later date, as  determined by the Holder,  as
      may be specified in such notice of waiver).
<PAGE>

            e) Mechanics of Exercise.

                  i. Authorization of Warrant Shares. The Company covenants that
            all  Warrant  Shares  which may be issued  upon the  exercise of the
            purchase  rights  represented by this Warrant will, upon exercise of
            the purchase rights represented by this Warrant, be duly authorized,
            validly  issued,  fully  paid and  nonassessable  and free  from all
            taxes, liens and charges in respect of the issue thereof (other than
            taxes in respect of any transfer  occurring  contemporaneously  with
            such  issue).  The  Company  covenants  that  during  the period the
            Warrant is  outstanding,  it will  reserve from its  authorized  and
            unissued  Common Stock a sufficient  number of shares to provide for
            the issuance of the Warrant Shares upon the exercise of any purchase
            rights under this Warrant.  The Company  further  covenants that its
            issuance of this  Warrant  shall  constitute  full  authority to its
            officers  who  are  charged   with  the  duty  of  executing   stock
            certificates to execute and issue the necessary certificates for the
            Warrant  Shares upon the exercise of the purchase  rights under this
            Warrant.  The Company will take all such reasonable action as may be
            necessary  to  assure  that  such  Warrant  Shares  may be issued as
            provided   herein  without   violation  of  any  applicable  law  or
            regulation,  or of any requirements of the Trading Market upon which
            the Common Stock may be listed.

                  ii. Delivery of Certificates  Upon Exercise.  Certificates for
            shares  purchased  hereunder  shall be  transmitted  by the transfer
            agent of the Company to the Holder by  crediting  the account of the
            Holder's prime broker with the Depository  Trust Company through its
            Deposit  Withdrawal Agent Commission  ("DWAC") system if the Company
            is a participant in such system,  and otherwise by physical delivery
            to the  address  specified  by the Holder in the Notice of  Exercise
            within 3 Trading Days from the delivery to the Company of the Notice
            of  Exercise  Form,  surrender  of this  Warrant  and payment of the
            aggregate Exercise Price as set forth above ("Warrant Share Delivery
            Date").  This Warrant shall be deemed to have been  exercised on the
            date the  Exercise  Price is  received by the  Company.  The Warrant
            Shares shall be deemed to have been issued,  and Holder or any other
            person so  designated  to be named  therein  shall be deemed to have
            become a holder of record of such shares for all purposes, as of the
            date the Warrant has been exercised by payment to the Company of the
            Exercise Price and all taxes  required to be paid by the Holder,  if
            any,  pursuant to Section  1(e)(vii)  prior to the  issuance of such
            shares, have been paid.
<PAGE>

                  iii.  Delivery of New Warrants Upon Exercise.  If this Warrant
            shall have been exercised in part, the Company shall, at the time of
            delivery of the  certificate or  certificates  representing  Warrant
            Shares,  deliver to Holder a new  Warrant  evidencing  the rights of
            Holder to purchase the unpurchased Warrant Shares called for by this
            Warrant,  which new Warrant shall in all other respects be identical
            with this Warrant.

                  iv.  Rescission  Rights.  If the  Company  fails to cause  its
            transfer   agent  to  transmit  to  the  Holder  a  certificate   or
            certificates  representing  the  Warrant  Shares  pursuant  to  this
            Section 1(e)(iv) by the Warrant Share Delivery Date, then the Holder
            will have the right to rescind such exercise.

                  v.  Compensation  for  Buy-In on  Failure  to  Timely  Deliver
            Certificates  Upon  Exercise.   In  addition  to  any  other  rights
            available to the Holder,  if the Company fails to cause its transfer
            agent to  transmit  to the  Holder  a  certificate  or  certificates
            representing the Warrant Shares pursuant to an exercise on or before
            the Warrant Share  Delivery  Date, and if after such date the Holder
            is required by its broker to purchase (in an open market transaction
            or otherwise) shares of Common Stock to deliver in satisfaction of a
            sale  by  the  Holder  of  the  Warrant   Shares  which  the  Holder
            anticipated  receiving  upon such  exercise (a  "Buy-In"),  then the
            Company  shall (1) pay in cash to the Holder the amount by which (x)
            the Holder's total purchase price (including brokerage  commissions,
            if any) for the shares of Common Stock so purchased  exceeds (y) the
            amount obtained by multiplying (A) the number of Warrant Shares that
            the Company was required to deliver to the Holder in connection with
            the  exercise  at issue  times (B) the price at which the sell order
            giving rise to such purchase obligation was executed, and (2) at the
            option of the Holder,  either  reinstate  the portion of the Warrant
            and equivalent  number of Warrant Shares for which such exercise was
            not  honored or deliver to the Holder the number of shares of Common
            Stock that would have been  issued had the Company  timely  complied
            with its exercise and delivery obligations  hereunder.  For example,
            if the Holder  purchases  Common Stock having a total purchase price
            of $11,000 to cover a Buy-In with respect to an  attempted  exercise
            of shares of Common Stock with an  aggregate  sale price giving rise
            to such  purchase  obligation  of $10,000,  under  clause (1) of the
            immediately  preceding sentence the Company shall be required to pay
            the Holder  $1,000.  The Holder  shall  provide the Company  written
            notice  indicating  the amounts  payable to the Holder in respect of
            the  Buy-In,  together  with  applicable   confirmations  and  other
            evidence reasonably  requested by the Company.  Nothing herein shall
            limit a Holder's right to pursue any other remedies  available to it
            hereunder,  at law or in equity  including,  without  limitation,  a
            decree of specific performance and/or injunctive relief with respect
            to the Company's failure to timely deliver certificates representing
            shares of Common  Stock upon  exercise  of the  Warrant as  required
            pursuant to the terms hereof.
<PAGE>

                  vi. No Fractional  Shares or Scrip.  No  fractional  shares or
            scrip  representing  fractional  shares  shall  be  issued  upon the
            exercise of this Warrant. As to any fraction of a share which Holder
            would  otherwise  be entitled to purchase  upon such  exercise,  the
            Company  shall  pay a cash  adjustment  in  respect  of  such  final
            fraction  in an  amount  equal to such  fraction  multiplied  by the
            Exercise Price.

                  vii. Charges, Taxes and Expenses. Issuance of certificates for
            Warrant  Shares shall be made  without  charge to the Holder for any
            issue or transfer tax or other incidental  expense in respect of the
            issuance of such certificate,  all of which taxes and expenses shall
            be paid by the Company, and such certificates shall be issued in the
            name of the  Holder or in such name or names as may be  directed  by
            the Holder;  provided,  however,  that in the event certificates for
            Warrant Shares are to be issued in a name other than the name of the
            Holder,   this  Warrant  when  surrendered  for  exercise  shall  be
            accompanied by the Assignment  Form attached hereto duly executed by
            the Holder; and the Company may require, as a condition thereto, the
            payment of a sum  sufficient  to  reimburse  it for any transfer tax
            incidental thereto.

                  viii.  Closing  of  Books.  The  Company  will not  close  its
            stockholder books or records in any manner which prevents the timely
            exercise of this Warrant, pursuant to the terms hereof.

      Section 2. Certain Adjustments.

            a) Stock  Dividends  and Splits.  If the Company,  at any time while
      this Warrant is outstanding: (A) pays a stock dividend or otherwise make a
      distribution or  distributions  on shares of its Common Stock or any other
      equity or equity equivalent  securities  payable in shares of Common Stock
      (which,  for  avoidance  of doubt,  shall not include any shares of Common
      Stock  issued by the Company  pursuant to this  Warrant),  (B)  subdivides
      outstanding  shares of Common  Stock into a larger  number of shares,  (C)
      combines  (including by way of reverse stock split)  outstanding shares of
      Common  Stock  into  a  smaller  number  of  shares,   or  (D)  issues  by
      reclassification of shares of the Common Stock any shares of capital stock
      of the Company,  then in each case the Exercise  Price shall be multiplied
      by a  fraction  of which the  numerator  shall be the  number of shares of
      Common Stock (excluding  treasury shares, if any) outstanding  before such
      event and of which the denominator shall be the number of shares of Common
      Stock  outstanding after such event and the number of shares issuable upon
      exercise of this Warrant shall be proportionately adjusted. Any adjustment
      made  pursuant to this  Section 2(a) shall  become  effective  immediately
      after the record date for the  determination  of stockholders  entitled to
      receive  such  dividend  or  distribution   and  shall  become   effective
      immediately  after  the  effective  date  in the  case  of a  subdivision,
      combination or re-classification.
<PAGE>

            b) Subsequent  Equity Sales. If the Company,  at any time while this
      Warrant is outstanding, shall offer, sell, grant any option to purchase or
      offer,  sell or grant any right to reprice its  securities,  or  otherwise
      dispose of or issue (or announce any offer,  sale,  grant or any option to
      purchase  or  other   disposition)   any  Common  Stock  or  common  stock
      equivalents  entitling any Person to acquire shares of Common Stock, at an
      effective  price per share less than the then  Exercise  Price (such lower
      price, the "Base Share Price" and such issuances collectively, a "Dilutive
      Issuance"),  as adjusted  hereunder  (if the holder of the Common Stock or
      Common Stock Equivalents so issued shall at any time, whether by operation
      of purchase price  adjustments,  reset  provisions,  floating  conversion,
      exercise or exchange prices or otherwise,  or due to warrants,  options or
      rights per share  which is issued in  connection  with such  issuance,  be
      entitled to receive shares of Common Stock at an effective price per share
      which is less than the Exercise  Price,  such issuance  shall be deemed to
      have occurred for less than the Exercise Price),  then, the Exercise Price
      shall be reduced  to equal the Base Share  Price and the number of Warrant
      Shares  issuable  hereunder  shall be  increased  such that the  aggregate
      Exercise Price payable  hereunder,  after taking into account the decrease
      in the Exercise  Price,  shall be equal to the  aggregate  Exercise  Price
      prior to such  adjustment.  Such  adjustment  shall be made  whenever such
      Common Stock or Common Stock Equivalents are issued. Such adjustment shall
      be made whenever such Common Stock or Common Stock Equivalents are issued.
      The Company shall notify the Holder in writing,  no later than the Trading
      Day following the issuance of any Common Stock or Common Stock Equivalents
      subject to this section, indicating therein the applicable issuance price,
      or of applicable reset price,  exchange price,  conversion price and other
      pricing terms (such notice the "Dilutive Issuance  Notice").  For purposes
      of clarification,  whether or not the Company provides a Dilutive Issuance
      Notice  pursuant to this Section 2(b), upon the occurrence of any Dilutive
      Issuance,  after the date of such Dilutive Issuance the Holder is entitled
      to receive a number of  Warrant  Shares  based  upon the Base Share  Price
      regardless of whether the Holder accurately refers to the Base Share Price
      in the Notice of Exercise.

            c) Pro Rata Distributions.  If the Company, at any time prior to the
      Termination Date, shall distribute to all holders of Common Stock (and not
      to Holders of the  Warrants)  evidences of its  indebtedness  or assets or
      rights or warrants to subscribe  for or purchase  any security  other than
      the Common Stock (which  shall be subject to Section  2(b)),  then in each
      such case the Exercise Price shall be adjusted by multiplying the Exercise
      Price  in  effect   immediately   prior  to  the  record  date  fixed  for
      determination of stockholders  entitled to receive such  distribution by a
      fraction of which the  denominator  shall be the VWAP determined as of the
      record date mentioned above, and of which the numerator shall be such VWAP
      on such  record  date less the then per share  fair  market  value at such
      record date of the portion of such assets or evidence of  indebtedness  so
      distributed  applicable  to one  outstanding  share of the Common Stock as
      determined  by the Board of  Directors  in good faith.  In either case the
      adjustments  shall be described in a statement  provided to the Holders of
      the portion of assets or evidences of  indebtedness so distributed or such
      subscription  rights  applicable  to  one  share  of  Common  Stock.  Such
      adjustment shall be made whenever any such  distribution is made and shall
      become effective immediately after the record date mentioned above.
<PAGE>

            d) Calculations. All calculations under this Section 3 shall be made
      to the nearest cent or the nearest 1/100th of a share, as the case may be.
      The number of shares of Common Stock  outstanding  at any given time shall
      not includes shares of Common Stock owned or held by or for the account of
      the Company,  and the description of any such shares of Common Stock shall
      be  considered  on issue or sale of Common  Stock.  For  purposes  of this
      Section  3, the number of shares of Common  Stock  deemed to be issued and
      outstanding as of a given date shall be the sum of the number of shares of
      Common Stock (excluding treasury shares, if any) issued and outstanding.

            e) Notice to Holders.

                  i. Adjustment to Exercise  Price.  Whenever the Exercise Price
            is adjusted  pursuant to this Section 2, the Company shall  promptly
            mail to each Holder a notice  setting forth the Exercise Price after
            such  adjustment  and setting  forth a brief  statement of the facts
            requiring  such  adjustment.  If the Company  issues a variable rate
            security, the Company shall be deemed to have issued Common Stock or
            common  stock  equivalents  at the  lowest  possible  conversion  or
            exercise  price  at  which  such  securities  may  be  converted  or
            exercised.

                  ii.  Notice to Allow  Exercise  by Holder.  If (A) the Company
            shall declare a dividend (or any other  distribution)  on the Common
            Stock;  (B) the Company  shall declare a special  nonrecurring  cash
            dividend on or a  redemption  of the Common  Stock;  (C) the Company
            shall  authorize  the  granting to all  holders of the Common  Stock
            rights or  warrants  to  subscribe  for or  purchase  any  shares of
            capital stock of any class or of any rights; (D) the approval of any
            stockholders of the Company shall be required in connection with any
            reclassification of the Common Stock, any consolidation or merger to
            which  the  Company  is a  party,  any  sale or  transfer  of all or
            substantially  all of the assets of the Company,  of any  compulsory
            share  exchange  whereby the Common  Stock is  converted  into other
            securities,  cash or property;  (B) the Company shall  authorize the
            voluntary or involuntary  dissolution,  liquidation or winding up of
            the affairs of the Company;  then,  in each case,  the Company shall
            cause to be mailed to the Holder at its last  addresses  as it shall
            appear  upon  the  Warrant  Register  of the  Company,  at  least 20
            calendar  days  prior to the  applicable  record or  effective  date
            hereinafter  specified,  a  notice  stating  (x) the date on which a
            record  is  to  be  taken  for  the   purpose   of  such   dividend,
            distribution,  redemption, rights or warrants, or if a record is not
            to be taken, the date as of which the holders of the Common Stock of
            record to be entitled to such dividend,  distributions,  redemption,
            rights or  warrants  are to be  determined  or (y) the date on which
            such  reclassification,  consolidation,  merger,  sale,  transfer or
            share  exchange is expected to become  effective  or close,  and the
            date as of which it is expected  that holders of the Common Stock of
            record  shall be  entitled to  exchange  their  shares of the Common
            Stock for securities,  cash or other property  deliverable upon such
            reclassification,  consolidation,  merger,  sale,  transfer or share
            exchange;  provided,  that the  failure  to mail such  notice or any
            defect  therein  or in the  mailing  thereof  shall not  affect  the
            validity of the  corporate  action  required to be specified in such
            notice.  The Holder is entitled to exercise this Warrant  during the
            20-day  period  commencing  the date of such notice to the effective
            date of the event triggering such notice.
<PAGE>

            f)  Fundamental  Transaction.  If, at any time while this Warrant is
      outstanding,  (A) the Company effects any merger or  consolidation  of the
      Company with or into another  Person,  (B) the Company effects any sale of
      all or  substantially  all of its  assets  in one or a series  of  related
      transactions,  (C) any tender  offer or  exchange  offer  (whether  by the
      Company  or another  Person) is  completed  pursuant  to which  holders of
      Common Stock are  permitted  to tender or exchange  their shares for other
      securities,   cash  or   property,   or  (D)  the   Company   effects  any
      reclassification  of the Common  Stock or any  compulsory  share  exchange
      pursuant  to which  the  Common  Stock is  effectively  converted  into or
      exchanged  for other  securities,  cash or property  (in any such case,  a
      "Fundamental  Transaction"),  then, upon any subsequent conversion of this
      Warrant,  the Holder  shall have the right to  receive,  for each  Warrant
      Share  that  would  have been  issuable  upon such  exercise  absent  such
      Fundamental Transaction, at the option of the Holder, (a) upon exercise of
      this  Warrant,  the number of shares of Common  Stock of the  successor or
      acquiring   corporation  or  of  the  Company,  if  it  is  the  surviving
      corporation, and Alternate Consideration receivable upon or as a result of
      such   reorganization,    reclassification,   merger,   consolidation   or
      disposition  of assets by a Holder of the number of shares of Common Stock
      for which this Warrant is exercisable  immediately  prior to such event or
      (b) cash equal to the value of this Warrant as  determined  in  accordance
      with  the   Black-Scholes   option   pricing   formula   (the   "Alternate
      Consideration").  For purposes of any such exercise,  the determination of
      the  Exercise  Price  shall  be  appropriately  adjusted  to apply to such
      Alternate  Consideration  based on the amount of  Alternate  Consideration
      issuable  in  respect  of one  share of Common  Stock in such  Fundamental
      Transaction,  and the Company shall apportion the Exercise Price among the
      Alternate  Consideration  in a reasonable  manner  reflecting the relative
      value of any  different  components  of the  Alternate  Consideration.  If
      holders of Common Stock are given any choice as to the securities, cash or
      property  to be  received in a  Fundamental  Transaction,  then the Holder
      shall be given  the  same  choice  as to the  Alternate  Consideration  it
      receives  upon any exercise of this  Warrant  following  such  Fundamental
      Transaction.   To  the  extent   necessary  to  effectuate  the  foregoing
      provisions,  any  successor  to the  Company or  surviving  entity in such
      Fundamental Transaction shall issue to the Holder a new warrant consistent
      with  the  foregoing  provisions  and  evidencing  the  Holder's  right to
      exercise  such  warrant  into  Alternate  Consideration.  The terms of any
      agreement  pursuant to which a Fundamental  Transaction  is effected shall
      include terms  requiring any such successor or surviving  entity to comply
      with the  provisions of this  paragraph (f) and insuring that this Warrant
      (or any such  replacement  security)  will be similarly  adjusted upon any
      subsequent transaction analogous to a Fundamental Transaction.
<PAGE>

            g) Exempt Issuance.  Notwithstanding the foregoing,  no adjustments,
      Alternate  Consideration  nor notices shall be made,  paid or issued under
      this Section 2 in respect of an Exempt Issuance.  "Exempt  Issuance" means
      the  issuance  of (a)  shares of Common  Stock or  options  to  employees,
      officers or directors of the Company  pursuant to the Company's 2004 Stock
      Incentive  Plan or any stock or option plan duly  adopted by a majority of
      the  non-employee  members of the Board of  Directors  of the Company or a
      majority  of  the  members  of  a  committee  of  non-employee   directors
      established  for such  purpose,  (b)  securities  upon the  exercise of or
      conversion of any securities  issued  hereunder,  convertible  securities,
      options or warrants  issued and  outstanding  on the date of this Warrant,
      provided that such securities have not been amended since the date of this
      Warrant to increase the number of such securities,  (c) securities  issued
      pursuant to  acquisitions  or  strategic  transactions,  provided any such
      issuance  shall  only be to a Person  which  is,  itself  or  through  its
      subsidiaries,  an  operating  company in a business  synergistic  with the
      business  of the Company  and in which the  Company  receives  benefits in
      addition to the  investment of funds,  but shall not include a transaction
      in which the Company is issuing  securities  primarily  for the purpose of
      raising  capital or to an entity  whose  primary  business is investing in
      securities,  (d) securities issued pursuant to an equity offering of up to
      $5,000,000  at a price per share  equal to or  greater  than the  Exercise
      Price,  which issuance  shall occur prior to the one month  anniversary of
      the date  hereof and (e)  options  and  warrants  issued by the Company to
      replace those previously issued by Knobias Holdings,  Inc., and assumed by
      the Company pursuant to the merger with Consolidated Travel Systems, LLC.

            h)  Voluntary  Adjustment  By  Company.  The Company may at any time
      during the term of this Warrant reduce the then current  Exercise Price to
      any amount and for any period of time deemed  appropriate  by the Board of
      Directors of the Company.

      Section 3. Transfer of Warrant.

            a)  Transferability.  Subject  to  compliance  with  any  applicable
      securities  laws and the  conditions  set forth in Sections  4(a) and 3(d)
      hereof,  this Warrant and all rights hereunder are transferable,  in whole
      or in part, upon surrender of this Warrant at the principal  office of the
      Company,  together with a written assignment of this Warrant substantially
      in the form  attached  hereto duly  executed by the Holder or its agent or
      attorney and funds  sufficient to pay any transfer  taxes payable upon the
      making of such  transfer.  Upon such  surrender  and,  if  required,  such
      payment,  the Company  shall execute and deliver a new Warrant or Warrants
      in the  name of the  assignee  or  assignees  and in the  denomination  or
      denominations specified in such instrument of assignment,  and shall issue
      to the assignor a new Warrant  evidencing  the portion of this Warrant not
      so assigned,  and this Warrant shall promptly be cancelled.  A Warrant, if
      properly  assigned,  may be  exercised by a new holder for the purchase of
      Warrant Shares without having a new Warrant issued.
<PAGE>

            b) New Warrants.  This Warrant may be divided or combined with other
      Warrants upon presentation  hereof at the aforesaid office of the Company,
      together with a written notice  specifying the names and  denominations in
      which new Warrants are to be issued,  signed by the Holder or its agent or
      attorney.  Subject to  compliance  with Section  3(a),  as to any transfer
      which may be involved in such division or  combination,  the Company shall
      execute and deliver a new Warrant or Warrants in exchange  for the Warrant
      or Warrants to be divided or combined in accordance with such notice.

            c) Warrant Register.  The Company shall register this Warrant,  upon
      records to be  maintained  by the Company for that purpose  (the  "Warrant
      Register"), in the name of the record Holder hereof from time to time. The
      Company may deem and treat the  registered  Holder of this  Warrant as the
      absolute  owner  hereof  for the  purpose  of any  exercise  hereof or any
      distribution  to the Holder,  and for all other  purposes,  absent  actual
      notice to the contrary.

            d) Transfer  Restrictions.  If, at the time of the surrender of this
      Warrant in connection  with any transfer of this Warrant,  the transfer of
      this Warrant shall not be registered pursuant to an effective registration
      statement under the Securities Act and under  applicable  state securities
      or blue sky laws, the Company may require, as a condition of allowing such
      transfer (i) that the Holder or transferee  of this  Warrant,  as the case
      may be, furnish to the Company a written opinion of counsel (which opinion
      shall be in form, substance and scope customary for opinions of counsel in
      comparable  transactions)  to the effect  that such  transfer  may be made
      without  registration  under the Securities Act and under applicable state
      securities or blue sky laws,  (ii) that the holder or  transferee  execute
      and  deliver to the  Company an  investment  letter in form and  substance
      acceptable to the Company and (iii) that the  transferee be an "accredited
      investor"  as  defined in Rule 501 (a)( 1),  (a)(2),  (a)(3),  (a)(7),  or
      (a)(8)  promulgated under the Securities Act or a qualified  institutional
      buyer as defined in Rule 144A(a) under the Securities Act.

      Section 4. Miscellaneous.

            a) Most Favored Nation Provision.  If at any time while this Warrant
      is  outstanding,  the Company issues  warrants to any person on terms that
      are  more  favorable  to such  person  than  the  terms  of  this  Warrant
      (including,  but not  limited  to,  exercise  price,  term,  anti-dilution
      provisions,  etc.), then the Company shall amend the Warrant such that the
      Holder receives the benefit of the more favorable terms.

            b) Title to Warrant.  Prior to the  Termination  Date and subject to
      compliance  with  applicable  laws and  Section  3 of this  Warrant,  this
      Warrant and all rights hereunder are transferable, in whole or in part, at
      the  office or agency of the  Company  by the  Holder in person or by duly
      authorized  attorney,  upon  surrender of this Warrant  together  with the
      Assignment Form annexed hereto  properly  endorsed.  The transferee  shall
      sign an investment letter in form and substance reasonably satisfactory to
      the Company.
<PAGE>

            c) No Rights as Shareholder  Until  Exercise.  This Warrant does not
      entitle the Holder to any voting  rights or other rights as a  shareholder
      of the Company  prior to the exercise  hereof.  Upon the surrender of this
      Warrant and the payment of the aggregate  Exercise Price (or by means of a
      cashless exercise), the Warrant Shares so purchased shall be and be deemed
      to be issued to such  Holder as the record  owner of such shares as of the
      close of business on the later of the date of such surrender or payment.

            d) Loss,  Theft,  Destruction or Mutilation of Warrant.  The Company
      covenants  that  upon  receipt  by  the  Company  of  evidence  reasonably
      satisfactory to it of the loss,  theft,  destruction or mutilation of this
      Warrant or any stock  certificate  relating to the Warrant Shares,  and in
      case of loss,  theft or destruction,  of indemnity or security  reasonably
      satisfactory to it (which,  in the case of the Warrant,  shall not include
      the posting of any bond),  and upon  surrender  and  cancellation  of such
      Warrant or stock  certificate,  if  mutilated,  the Company  will make and
      deliver a new Warrant or stock  certificate  of like tenor and dated as of
      such cancellation, in lieu of such Warrant or stock certificate.

            e) 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 legal holiday.

            f) Authorized  Shares.  The Company covenants that during the period
      the  Warrant is  outstanding,  it will  reserve  from its  authorized  and
      unissued  Common  Stock a  sufficient  number of shares to provide for the
      issuance of the Warrant  Shares upon the exercise of any  purchase  rights
      under this Warrant.  The Company  further  covenants  that its issuance of
      this  Warrant  shall  constitute  full  authority  to its officers who are
      charged with the duty of executing stock certificates to execute and issue
      the necessary certificates for the Warrant Shares upon the exercise of the
      purchase  rights  under  this  Warrant.  The  Company  will  take all such
      reasonable  action as may be necessary to assure that such Warrant  Shares
      may be issued as provided  herein without  violation of any applicable law
      or regulation, or of any requirements of any trading market upon which the
      Common Stock may be listed.

            Except and to the extent as waived or  consented  to by the  Holder,
      the  Company  shall  not by any  action,  including,  without  limitation,
      amending 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 of this Warrant, but will at
      all times in good faith  assist in the  carrying out of all such terms and
      in the taking of all such actions as may be necessary  or  appropriate  to
      protect  the  rights  of  Holder  as set  forth  in this  Warrant  against
      impairment.  Without limiting the generality of the foregoing, the Company
      will (a) not increase the par value of any Warrant Shares above the amount
      payable therefor upon such exercise  immediately prior to such increase in
      par value,  (b) take all such action as may be necessary or appropriate in
      order that the  Company  may  validly  and  legally  issue  fully paid and
      nonassessable  Warrant  Shares upon the exercise of this Warrant,  and (c)
      use  commercially  reasonable  efforts to obtain all such  authorizations,
      exemptions or consents from any public regulatory body having jurisdiction
      thereof  as  may be  necessary  to  enable  the  Company  to  perform  its
      obligations under this Warrant.
<PAGE>

            Before  taking any action which would result in an adjustment in the
      number of Warrant  Shares for which this Warrant is  exercisable or in the
      Exercise  Price,  the  Company  shall  obtain all such  authorizations  or
      exemptions  thereof,  or consents  thereto,  as may be necessary  from any
      public regulatory body or bodies having jurisdiction thereof.

            g)  Jurisdiction.   All  questions   concerning  the   construction,
      validity, enforcement and interpretation of this Warrant shall be governed
      by and construed and enforced in accordance  with the internal laws of the
      State of Mississippi, without regard to the principles of conflicts of law
      thereof.  Each party  agrees  that all legal  proceedings  concerning  the
      interpretations,  enforcement and defense of the transactions contemplated
      by this Warrant  (whether brought against a party hereto or its respective
      affiliates, directors, officers, shareholders,  employees or agents) shall
      be commenced  in the state and federal  courts  sitting in Jackson,  Hinds
      County,  Mississippi (the "Mississippi Courts").  Each party hereto hereby
      irrevocably  submits  to the  exclusive  jurisdiction  of the  Mississippi
      Courts for the  adjudication  of any dispute  hereunder  or in  connection
      herewith or with any transaction  contemplated hereby or discussed herein,
      and  hereby  irrevocably  waives,  and  agrees  not to assert in any suit,
      action or proceeding,  any claim that it is not personally  subject to the
      jurisdiction of any such court, or such Mississippi Courts are an improper
      or inconvenient  venue for such proceeding.  Each party hereby irrevocably
      waives personal service of process and consents to process being served in
      any such  suit,  action  or  proceeding  by  mailing  a copy  thereof  via
      registered  or certified  mail or  overnight  delivery  (with  evidence of
      delivery)  to such party at the  address in effect for notices to it under
      this  Warrant  and agrees  that such  service  shall  constitute  good and
      sufficient service of process and notice thereof. Nothing contained herein
      shall be  deemed  to limit in any way any  right to serve  process  in any
      manner permitted by law. Each party hereto hereby  irrevocably  waives, to
      the fullest extent permitted by applicable law, any and all right to trial
      by jury in any legal proceeding arising out of or relating to this Warrant
      or the transactions contemplated hereby. If either party shall commence an
      action or proceeding to enforce any  provisions of this Warrant,  then the
      prevailing  party in such action or proceeding  shall be reimbursed by the
      other party for its attorneys  fees and other costs and expenses  incurred
      with the  investigation,  preparation  and  prosecution  of such action or
      proceeding.

            h)  Restrictions.  The Holder  acknowledges  that the Warrant Shares
      acquired upon the exercise of this Warrant,  if not registered,  will have
      restrictions upon resale imposed by state and federal securities laws.

            i)  Nonwaiver  and  Expenses.  No course of  dealing or any delay or
      failure  to  exercise  any right  hereunder  on the part of  Holder  shall
      operate as a waiver of such right or otherwise  prejudice Holder's rights,
      powers or  remedies,  notwithstanding  the fact that all rights  hereunder
      terminate on the Termination  Date. If the Company willfully and knowingly
      fails to comply with any provision of this  Warrant,  which results in any
      material  damages to the  Holder,  the  Company  shall pay to Holder  such
      amounts as shall be sufficient to cover any costs and expenses  including,
      but not  limited  to,  reasonable  attorneys'  fees,  including  those  of
      appellate  proceedings,  incurred by Holder in collecting  any amounts due
      pursuant  hereto or in otherwise  enforcing  any of its rights,  powers or
      remedies hereunder.
<PAGE>

            j) Notices.  All notices or other documents required to be delivered
      under this  Agreement  shall be given in writing  and shall be  personally
      delivered,  delivered  by United  States  certified  mail,  return-receipt
      requested,  or by facsimile to the parties at the addresses  listed below.
      Such notices  shall be effective as of the time of delivery if  personally
      delivered, as of the date of receipt as referenced by the official receipt
      of the United States Postal Service if delivered by certified  mail, or as
      of the date and time of receipt as reflected by facsimile  acknowledgment.
      The addresses of the parties are as follows:

            To Holder:     Timothy J. Aylor
                           3825 Ramblewood Court
                           Melbourne, Florida 32934

                           Telephone: (321) 757-0665
                           Facsimile: (321) 729-5189

            To Company:    Knobias, Inc.
                           Building 2, Suite 500
                           875 North Park Drive
                           Ridgeland, Mississippi 39157

                           Attention: E. Key Ramsey, President

                           Telephone: (601) 978-3399
                           Facsimile: (601) 978-3675

      The  addresses set forth above may be changed by either party upon fifteen
      (15) days' prior  notice given to the other party in  accordance  with the
      provisions of this paragraph.

            k) Limitation of Liability.  No provision  hereof, in the absence of
      any  affirmative  action by Holder to  exercise  this  Warrant or purchase
      Warrant Shares,  and no enumeration  herein of the rights or privileges of
      Holder,  shall give rise to any liability of Holder for the purchase price
      of any Common  Stock or as a  stockholder  of the  Company,  whether  such
      liability is asserted by the Company or by creditors of the Company.

            1) Remedies.  Holder,  in addition to being entitled to exercise all
      rights granted by law, including recovery of damages,  will be entitled to
      specific  performance of its rights under this Warrant. The Company agrees
      that  monetary  damages  would not be adequate  compensation  for any loss
      incurred by reason of a breach by it of the provisions of this Warrant and
      hereby agrees to waive the defense in any action for specific  performance
      that a remedy at law would be adequate.
<PAGE>

            m) Successors and Assigns.  Subject to applicable  securities  laws,
      this Warrant and the rights and obligations  evidenced  hereby shall inure
      to the benefit of and be binding  upon the  successors  of the Company and
      the  successors  and permitted  assigns of Holder.  The provisions of this
      Warrant are  intended  to be for the  benefit of all Holders  from time to
      time of this Warrant and shall be enforceable by any such Holder or holder
      of Warrant Shares.

            n)  Amendment.  This  Warrant  may be  modified  or  amended  or the
      provisions  hereof waived with the written  consent of the Company and the
      Holder.

            o) Severability.  Wherever possible,  each provision of this Warrant
      shall be  interpreted  in such manner as to be  effective  and valid under
      applicable  law, but if any  provision of this Warrant shall be prohibited
      by or invalid under applicable law, such provision shall be ineffective to
      the extent of such  prohibition or invalidity,  without  invalidating  the
      remainder of such provisions or the remaining provisions of this Warrant.

            p)  Headings.  The  headings  used  in  this  Warrant  are  for  the
      convenience of reference only and shall not, for any purpose,  be deemed a
      part of this Warrant.

      IN WITNESS WHEREOF,  the Company has caused this Warrant to be executed by
its officer thereunto duly authorized.

Dated: April 7 , 2005

                                             KNOBIAS, INC.

                                             /s/ E. KEY RAMSEY
                                             -----------------------------------
                                             E. Key Ramsey, President

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