Document:

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                                                                     EXHIBIT 4.9

                                STOCKPOINT, INC.

                             STOCK PURCHASE WARRANT

                           To Purchase Common Stock of

                                STOCKPOINT, INC.

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THE ISSUANCE OF THIS WARRANT AND THE OFFER AND SALE OF THE SHARES OF COMMON
STOCK ISSUABLE HEREUNDER HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF
1933 (THE "ACT") NOR UNDER ANY STATE SECURITIES LAW AND THIS WARRANT AND ANY
SUCH SHARES OF COMMON STOCK MAY NOT BE PLEDGED, SOLD, ASSIGNED OR OTHERWISE
TRANSFERRED UNTIL A (1) REGISTRATION STATEMENT UNDER THE ACT AND ANY APPLICABLE
STATE SECURITIES LAW HAS BECOME EFFECTIVE WITH RESPECT THERETO, OR (2) RECEIPT
BY THE COMPANY OF AN OPINION OF COUNSEL ACCEPTABLE TO THE COMPANY (IF SO
REQUESTED) TO THE EFFECT THAT REGISTRATION UNDER THE ACT OR APPLICABLE STATE
SECURITIES LAW IS NOT REQUIRED IN CONNECTION WITH THE PROPOSED TRANSFER.

STOCKPOINT, INC. WARRANT NUMBER:

         Void after 5:00 p.m. Eastern Standard Time, on March 31, 2005.
         Warrant to Purchase    ,000 Shares of Common Stock.

                        WARRANT TO PURCHASE COMMON STOCK

                                       OF

                                STOCKPOINT, INC.

         This is to Certify That, for             United States Dollars ($     )
and other good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged,                     ("Holder") is entitled to purchase,
subject to the provisions of this Warrant, from Stockpoint, Inc., a Delaware
corporation ("Company"),     000 fully paid, validly issued and nonassessable
shares of Common Stock, $0.01 par value per share, of the Company ("Common
Stock") at a price initially set at Ten Dollars and No Cents ($10.00) per share
at any time or from time to time during the period from the date hereof to
expiration, but not later than 5:00 p.m. Eastern Standard Time, on March 31,
2005. The number of shares of Common Stock to be received upon the exercise of
this Warrant and the price to be paid for each share of Common Stock may be
adjusted from time to time as hereinafter set forth. The shares of Common Stock
deliverable upon such exercise, and as adjusted from time to time, are
hereinafter sometimes referred to as "Warrant Shares" and the exercise price of
a share of Common Stock in effect at any time and as adjusted from time to time
is hereinafter sometimes referred to as the "Exercise Price".

         (a)      EXERCISE OF WARRANT.

                  (1)      This Warrant may be exercised in whole or in part at
                           any time or from time to time on or after the date
                           hereof and until 5:00 p.m. Eastern

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                           Standard Time on March 31, 2005; provided, however,
                           that if either such day is a day on which banking
                           institutions in the State of New York are authorized
                           by law to close, then on the next succeeding day
                           which shall not be such a day. This Warrant may be
                           exercised by presentation and surrender hereof to the
                           Company at its principal office, or at the office of
                           its stock transfer agent if any, with the Purchase
                           Form annexed hereto duly executed and accompanied by
                           payment of the Exercise Price for the number of
                           Warrant Shares specified in such form. As soon as
                           practicable after each such exercise of this Warrant
                           warrants, but not later than seven (7) days from the
                           date of such exercise, the Company shall issue and
                           deliver to the Holder a certificate or certificate
                           for the Warrant Shares issuable upon such exercise,
                           registered in the name of the Holder or its designee.
                           If this Warrant should be exercised in part only, the
                           Company shall, upon surrender of this Warrant for
                           cancellation, execute and deliver a new Warrant
                           evidencing the rights of the Holder thereof to
                           purchase the balance of the Warrant Shares
                           purchasable thereunder. Upon receipt by the Company
                           of this Warrant at its office, or by the stock
                           transfer agent of the Company at its office, in
                           proper form for exercise together with payment in
                           full of the exercise price for the Warrant Shares to
                           be purchased, the Holder shall be deemed to be the
                           holder of record of the shares of Common Stock
                           issuable upon such exercise, notwithstanding that the
                           stock transfer books of the Company shall then be
                           closed or that certificates representing such shares
                           of Common Stock shall not then be physically
                           delivered to the Holder.

                  (2)      In lieu of delivering the Exercise Price in cash or
                           check the Holder may elect to receive shares equal to
                           the value of the Warrant or portion thereof being
                           exercised ("Net Issue Exercise"). If the Holder
                           wishes to elect the Net Issue Exercise, the Holder
                           shall notify the Company of its election in writing
                           at the time it delivers to the Company the Purchase
                           Form. In the event the Holder shall elect Net Issue
                           Exercise, the Holder shall receive the number of
                           shares of Common Stock equal to the product of (a)
                           the number of shares of Common Stock purchasable
                           under the Warrant, or portion thereof being
                           exercised, and (b) the current market value, as
                           defined in paragraph (c) below, of one share of
                           Common Stock minus the Exercise Price, divided by (c)
                           the current market value, as defined in paragraph (c)
                           below, of one share of Common Stock.

         (b)      RESERVATION OF SHARES. The Company shall at all times reserve
                  for issuance and/or delivery upon exercise of this Warrant
                  such number of shares of its Common Stock as shall be required
                  for issuance and delivery upon exercise of this Warrant.

         (c)      FRACTIONAL SHARES. No fractional shares or scrip representing
                  fractional shares shall be issued upon the exercise of this
                  Warrant. With respect to any fraction of a share called for
                  upon any exercise hereof, the Company shall pay to

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                  the Holder an amount in cash equal to such fraction multiplied
                  by the current market value of a share, determined as follows:

                  (1)      If the Common Stock is listed on a national
                           securities exchange or admitted to unlisted trading
                           privileges on such exchange or listed for trading on
                           the NASDAQ system, the current market value shall be
                           the last reported sale price of the Common Stock on
                           such exchange or system on the last business day
                           prior to the date of exercise of this Warrant or if
                           no such sale is made on such day, the mean of the
                           last reported bid and asked prices for such day on
                           such exchange or system; or

                  (2)      If the Common Stock is not so listed or admitted to
                           unlisted trading privileges, the current market value
                           shall be the mean of the last reported bid and asked
                           prices reported by the National Quotation Bureau,
                           Inc. on the last business day prior to the date of
                           the exercise of this Warrant; or

                  (3)      If the Common Stock is not so listed or admitted to
                           unlisted trading privileges and bid and asked prices
                           are not so reported, the current market value of a
                           share of Common Stock shall be an amount, not less
                           than book value thereof as at the end of the most
                           recent fiscal year of the Company ending prior to the
                           date of the exercise of the Warrant, determined in
                           such reasonable manner as may be prescribed by the
                           Board of Directors of the Company.

         (d)      EXCHANGE, TRANSFER, ASSIGNMENT OR LOSS OF WARRANT. Subject to
                  the restrictions noted at the beginning of this Warrant, this
                  Warrant is exchangeable, without expense, at the option of the
                  Holder, upon presentation and surrender hereof to the Company
                  or at the office of its stock transfer agent, if any, for
                  other warrants of different denominations entitling the holder
                  thereof to purchase in the aggregate the same number of shares
                  of Common Stock purchasable hereunder. Upon surrender of this
                  Warrant to the Company at its principal office or at the
                  office of its stock transfer agent, if any, with the
                  Assignment Form annexed hereto duly executed and funds
                  sufficient to pay any transfer tax, the Company shall, without
                  charge, execute and deliver a new Warrant in the name of the
                  assignee named in such instrument of assignment and this
                  Warrant shall promptly be cancelled. This Warrant may be
                  divided or combined with other warrants which carry the same
                  rights upon presentation hereof at the principal office of the
                  Company or at the office of its stock transfer agent, if any,
                  together with a written notice specifying the names and
                  denominations in which new Warrants are to be issued and
                  signed by the Holder hereof. The term "Warrant" as used herein
                  includes any Warrants into which this Warrant may be divided
                  or exchanged. Upon receipt by the Company of evidence
                  satisfactory to it of the loss, theft, destruction or
                  mutilation of this Warrant, and (in the case of loss, theft or
                  destruction) of reasonably satisfactory indemnification, and
                  upon surrender and cancellation of this Warrant, if mutilated,
                  the Company will execute and deliver a new Warrant of like
                  tenor and

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                  date. Any such new Warrant executed and delivered shall
                  constitute an additional contractual obligation on the part of
                  the Company, whether or not this Warrant so lost, stolen,
                  destroyed, or mutilated shall be at any time enforceable by
                  anyone.

         (e)      RIGHTS OF THE HOLDER. The Holder shall not, by virtue hereof,
                  be entitled to any rights of a shareholder in the Company,
                  either at law or equity, and the rights of the Holder are
                  limited to those expressed in the Warrant and are not
                  enforceable against the Company except to the extent set forth
                  herein.

         (f)      ANTI-DILUTION AND ADJUSTMENT PROVISIONS. The Exercise Price in
                  effect at any time and the number and kind of securities
                  purchasable upon the exercise of the Warrants shall be subject
                  to adjustment from time to time upon the happening of certain
                  events as follows:

                  (1)      In case the Company shall (i) declare a dividend or
                           make a distribution on its outstanding shares of
                           Common Stock in shares of Common Stock, (ii)
                           subdivide or reclassify its outstanding shares of
                           Common Stock into a greater number of shares, or
                           (iii) combine or reclassify its outstanding shares of
                           Common Stock into a smaller number of shares, the
                           Exercise Price in effect at the time of the record
                           date for such dividend or distribution or of the
                           effective date of such subdivision, combination or
                           reclassification shall be adjusted so that it shall
                           equal the price determined by multiplying the
                           Exercise Price by a fraction, the denominator of
                           which shall be the number of shares of Common Stock
                           outstanding after giving effect to such action, and
                           the numerator of which shall be the number of shares
                           of Common Stock outstanding immediately prior to such
                           action. Such adjustment shall be made successively
                           whenever any event listed above shall occur.

                  (2)      In case the Company shall fix a record date for the
                           issuance of rights or warrants to all holders of its
                           Common Stock entitling them to subscribe for or
                           purchase shares of Common Stock (or securities
                           convertible into Common Stock) at a price (the
                           "Subscription Price") (or having a conversion price
                           per share) less than the Exercise Price on such
                           record date the Exercise Price shall be adjusted so
                           that the same shall equal the price determined by
                           multiplying the Exercise Price in effect immediately
                           prior to the date of issuance by a fraction, the
                           numerator of which shall be the sum of the number of
                           shares outstanding on the record date mentioned above
                           and the number of additional shares of Common Stock
                           which the aggregate offering price of the total
                           number of shares of Common Stock so offered (or the
                           aggregate conversion price of the convertible
                           securities so offered) would purchase at the Exercise
                           Price in effect immediately prior to the date of such
                           issuance, and the denominator of which shall be the
                           sum of the number of shares of Common Stock
                           outstanding on the record date mentioned above and
                           the number of additional shares of Common Stock
                           offered for subscription or purchase (or into which
                           the

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                           convertible securities so offered are convertible).
                           Such adjustment shall be made successively whenever
                           such rights or warrants are issued and shall become
                           effective immediately after the record date for the
                           determination of shareholders entitled to receive
                           such rights or warrants; and to the extent that
                           shares of Common Stock are not delivered (or
                           securities convertible into Common Stock are not
                           delivered) after the expiration of such rights or
                           warrants the Exercise Price shall be readjusted to
                           the Exercise Price which would then be in effect had
                           the adjustments made upon the issuance of such rights
                           or warrants been made upon the basis of delivery of
                           only the number of shares of Common Stock (or
                           securities convertible into Common Stock) actually
                           delivered.

                  (3)      In case the Company shall hereafter distribute to the
                           holders of its Common Stock evidences of its
                           indebtedness or assets (excluding cash dividends or
                           distributions and dividends or distributions referred
                           to in Subsection (1) above) or subscription rights or
                           warrants (excluding those referred to in Subsection
                           (2) above), then in each such case the Exercise Price
                           in effect thereafter shall be determined by
                           multiplying the Exercise Price in effect immediately
                           prior thereto by a fraction, the numerator of which
                           shall be the total number of shares of Common Stock
                           outstanding multiplied by the current market price
                           per share of Common Stock (as defined in Section (c)
                           above), less the fair market value (as determined by
                           the Company's Board of Directors) of said assets or
                           evidences of indebtedness so distributed or of such
                           rights or warrants, and the denominator of which
                           shall be the total number of shares of Common Stock
                           outstanding multiplied by such current market price
                           per share of Common Stock. Such adjustment shall be
                           made successively whenever such a record date is
                           fixed. Such adjustment shall be made whenever any
                           such distribution is made and shall become effective
                           immediately after the record date for the
                           determination of shareholders entitled to receive
                           such distribution.

                  (4)      (A). In case the Company shall issue shares of its
                           Common Stock excluding shares issued (i) in any of
                           the transactions described in Subsection (1) above,
                           (ii) upon exercise of options granted to the
                           Company's employees under a plan or plans adopted by
                           the Company's Board of Directors and approved by its
                           shareholders, if such shares would otherwise be
                           included in this Subsection (4), (iii) upon exercise
                           of options and warrants outstanding at March 31,
                           2000, and this Warrant, (iv) to shareholders of any
                           corporation which merges into the Company in
                           proportion to their stock holdings of such
                           corporation immediately prior to such merger, upon
                           such merger, (v) in a bona fide public offering
                           pursuant to a firm commitment underwriting, or (vi)
                           on conversion or exchange of any securities for which
                           full adjustment has already been made in accordance
                           with Subsection 4(B) below but only if no adjustment
                           is required pursuant to any other specific subsection
                           of this Section (f)

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                           (without regard to Subsection (9) below) with respect
                           to the transaction giving rise to such rights for a
                           consideration per share (the "Offering Price") less
                           than the Exercise Price, the Exercise Price shall be
                           adjusted immediately thereafter so that it shall
                           equal such Offering Price. Such adjustment shall be
                           made successively whenever such an issuance is made.

                           (B). In case the Company shall issue any securities
                           convertible into or exchangeable for its Common Stock
                           excluding securities issued in transactions described
                           in Subsections (2) and (3) above for a consideration
                           per share of Common Stock (the "Conversion Price")
                           initially deliverable upon conversion or exchange of
                           such securities determined as provided in Subsection
                           (7) below less than the Exercise Price, the Exercise
                           Price shall be adjusted immediately thereafter so
                           that it shall equal such Conversion Price Such
                           adjustment shall be made successively whenever such
                           an issuance is made.

                           (C). In case the Company shall issue shares of its
                           Common Stock excluding shares issued (i) in any of
                           the transactions described in Subsection (1) above,
                           (ii) upon exercise of options granted to the
                           Company's employees under a plan or plans adopted by
                           the Company's Board of Directors and approved by its
                           shareholders, if such shares would otherwise be
                           included in this Subsection (4), (iii) upon exercise
                           of options and warrants outstanding at March 31 2000,
                           and this Warrant, (iv) to shareholders of any
                           corporation which merges into the Company in
                           proportion to their stock holdings of such
                           corporation immediately prior to such merger, upon
                           such merger, (v) in a bona fide public offering
                           pursuant to a firm commitment underwriting, or (vi)
                           on conversion or exchange of any securities for which
                           full adjustment has already been made in accordance
                           with Subsection 4(B) above or Subsection 4(D) below
                           but only if no adjustment is required pursuant to any
                           other specific subsection of this Section (f)
                           (without regard to Subsection (9) below) with respect
                           to the transaction giving rise to such rights for a
                           consideration per share (the "Offering Price") less
                           than the Exercise Price, the Exercise Price shall be
                           adjusted immediately thereafter so that it shall
                           equal the price determined by multiplying the
                           Exercise Price in effect immediately prior to the
                           date of issuance by a fraction, the numerator of
                           which shall be the sum of the number of shares of
                           Common Stock outstanding immediately prior to the
                           issuance of such additional shares and the number of
                           shares of Common Stock which the aggregate
                           consideration received determined as provided in
                           subsection (7) below for the issuance of such
                           additional shares would purchase at the Exercise
                           Price in effect immediately prior to the date of such
                           issuance, and the denominator of which shall be the
                           number of shares of Common Stock outstanding
                           immediately after the issuance of such additional
                           shares. Such adjustment shall be made successively
                           whenever such an issuance is made.

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                           (D). In case the Company shall issue any securities
                           convertible into or exchangeable for its Common Stock
                           excluding securities issued in transactions described
                           in Subsections (2) and (3) above for a consideration
                           per share of Common Stock (the "Conversion Price")
                           initially deliverable upon conversion or exchange of
                           such securities determined as provided in Subsection
                           (7) below less than the Exercise Price, the Exercise
                           Price shall be adjusted immediately thereafter so
                           that it shall equal the price determined by
                           multiplying the Exercise Price in effect immediately
                           prior to the date of issuance by a fraction, the
                           numerator of which shall be the sum of the number of
                           shares outstanding immediately prior to the issuance
                           of such securities and the number of shares of Common
                           Stock which the aggregate consideration received
                           determined as provided in subsection (7) below for
                           such securities would purchase at the Exercise Price
                           in effect immediately prior to the date of such
                           issuance, and the denominator of which shall be the
                           sum of the number of shares of Common Stock
                           outstanding immediately prior to the issuance of such
                           securities and the maximum number of shares of Common
                           Stock of the Company deliverable upon conversion of
                           or in exchange for such securities at the initial
                           conversion or exchange price or rate. Such adjustment
                           shall be made successively whenever such an issuance
                           is made.

                  (5)      In case the Company shall (i) issue shares of its
                           Common Stock in a bona fide public offering pursuant
                           to a firm commitment at a price per share ("Public
                           Offering Price") less than 200% of the then current
                           Exercise Price, the Exercise Price shall be adjusted
                           immediately so that it shall equal the price
                           determined by multiplying the Public Offering Price
                           by a factor of 0.50, or (ii) issue or exchange shares
                           of its Common Stock in connection with a Change of
                           Control, that does not qualify as a "pooling of
                           Interest" transaction, (defined as the acquisition by
                           any person (whether an individual, corporation,
                           association or other entity), or two or more persons
                           acting in concert, of beneficial ownership (within
                           the meaning of 13d-3 of the Securities and Exchange
                           Commission under the Securities Exchange Act of 1934)
                           of 50% or more of the outstanding voting securities
                           of the Company) for a consideration per share
                           ("Exchange Consideration") less than 200% of the then
                           current Exercise Price, the Exercise Price shall be
                           adjusted immediately so that it shall equal the price
                           determined by multiplying the Exchange Consideration
                           by a factor of 0.50. No more than one adjustment
                           shall be made pursuant to this Subsection (5), which
                           adjustment shall be made at the time of such
                           issuance.

                  (6)      Whenever the Exercise Price payable upon exercise of
                           each Warrant is adjusted pursuant to Subsections (1),
                           (2), (3), (4) and (5) above, the number of Shares
                           purchasable upon exercise of this Warrant shall
                           simultaneously be adjusted by multiplying the number
                           of Shares initially

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                           issuable upon exercise of this Warrant by the
                           Exercise Price in effect on the date hereof and
                           dividing the product so obtained by the Exercise
                           Price, as adjusted.

                  (7)      For purposes of any computation respecting
                           consideration received pursuant to Subsections (4)
                           and (5) above, the following shall apply:

                           (A)      in the case of the issuance of shares of
                                    Common Stock for cash, the consideration
                                    shall be the amount of such cash, provided
                                    that in no case shall any deduction be made
                                    for any commissions, discounts or other
                                    expenses incurred by the Company for any
                                    underwriting of the issue or otherwise in
                                    connection therewith;

                           (B)      in the case of the issuance of shares of
                                    Common Stock for a consideration in whole or
                                    in part other than cash, the consideration
                                    other than cash shall be deemed to be the
                                    fair market value thereof as determined in
                                    good faith by the Board of Directors of the
                                    Company (irrespective of the accounting
                                    treatment thereof), whose determination
                                    shall be conclusive; and

                           (C)      in the case of the issuance of securities
                                    convertible into or exchangeable for shares
                                    of Common Stock, the aggregate consideration
                                    received therefor shall be deemed to be the
                                    consideration received by the Company for
                                    the issuance of such securities plus the
                                    additional minimum consideration, if any, to
                                    be received by the Company upon the
                                    conversion or exchange thereof the
                                    consideration in each case to be determined
                                    in the same manner as provided in clauses
                                    (A) and (B) of this Subsection (7).

                  (8)      INTENTIONALLY OMITTED.

                  (9)      No adjustment in the Exercise Price shall be required
                           unless such adjustment would require an increase or
                           decrease of at least five cents ($0.05) in such
                           price; provided, however, that any adjustments which
                           by reason of this Subsection (9) are not required to
                           be made shall be carried forward and taken into
                           account in any subsequent adjustment required to be
                           made hereunder. All calculations under this Section
                           (f) shall be made to the nearest cent or to the
                           nearest one-hundredth of a share, as the case may be.
                           Anything in this Section (f) to the contrary
                           notwithstanding, the Company shall be entitled, but
                           shall not be required, to make such changes in the
                           Exercise Price, in addition to those required by this
                           Section (f), as it shall determine, in its sole
                           discretion, to be advisable in order that any
                           dividend or distribution in shares of Common Stock,
                           or any subdivision, reclassification or combination
                           of Common Stock, hereafter made by the Company shall
                           not result in any Federal Income tax liability to the
                           holders

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                           of Common Stock or securities convertible into Common
                           Stock (including Warrants).

                  (10)     The Company may retain a firm of independent
                           certified public accountants selected by the Board of
                           Directors (who may be the regular accountants
                           employed by the Company) to make any computation
                           required by this Section (f), and a certificate
                           signed by such firm shall be conclusive evidence of
                           the correctness of such adjustment.

                  (11)     In the event that at any time, as a result of an
                           adjustment made pursuant to Subsection (1) above, the
                           Holder of this Warrant thereafter shall become
                           entitled to receive any shares of the Company, other
                           than Common Stock, thereafter the number of such
                           other shares so receivable upon exercise of this
                           Warrant shall be subject to adjustment from time to
                           time in a manner and on terms as nearly equivalent as
                           practicable to the provisions with respect to the
                           Common Stock contained in Subsections (1) to (9),
                           inclusive above.

                  (12)     Irrespective of any adjustments in the Exercise Price
                           or the number or kind of shares purchasable upon
                           exercise of this Warrant, Warrants theretofore or
                           thereafter issued may continue to express the same
                           price and number and kind of shares as are stated in
                           the similar Warrants initially issuable pursuant to
                           this Agreement.

                  (13)     The provisions of Subsections (4)(A), (4)(B), and (5)
                           above shall cease to have any effect immediately
                           after the closing of the Company's first bona fide
                           public offering after the date of this Warrant and
                           thereafter no adjustments in the Exercise Price shall
                           be made pursuant to such Subsections. The provisions
                           of Subsections (4)(C) and (4)(D) shall not be
                           effective as long as Subsections (4)(A) and (4)(B)
                           remain effective. Immediately after the closing of
                           the Company's first bona fide public offering the
                           provisions of Subsections (4)(C) and (4)(D) shall
                           become effective and adjustments in the Exercise
                           Price shall be made pursuant to such Subsections.

         (g)      OFFICER'S CERTIFICATE. Whenever the Exercise Price shall be
                  adjusted as required by the provisions of the foregoing
                  Section, the Company shall promptly and in no event later than
                  20 days after the effective date of adjustment cause to be
                  mailed by certified mail to each Holder at his last address
                  appearing in the Warrant Register and shall forthwith file in
                  the custody of its Secretary or an Assistant Secretary at its
                  principal office and with its stock transfer agent, if any, an
                  officer's certificate showing the adjusted Exercise Price
                  determined as herein provided, setting forth in reasonable
                  detail the facts requiring such adjustment, including a
                  statement of the number of additional shares of Common Stock,
                  if any, and such other facts as shall be necessary to show the
                  reason for and the

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                  manner of computing such adjustment. Each such officer's
                  certificate shall be made available at all reasonable times
                  for inspection by the Holder or any holder of a Warrant
                  executed and delivered pursuant to Section (a).

         (h)      NOTICES TO WARRANT HOLDERS. So long as this Warrant shall be
                  outstanding, (i) if the Company shall pay any dividend or make
                  any distribution upon the Common Stock or (ii) if the Company
                  shall offer to the holders of Common Stock for subscription or
                  purchase by them any share of any class or any other rights or
                  (iii) if any capital reorganization of the Company,
                  reclassification of the capital stock of the Company,
                  consolidation or merger of the Company with or into another
                  corporation, sale, lease or transfer of all or substantially
                  all of the property and assets of the Company to another
                  corporation, or voluntary or involuntary dissolution,
                  liquidation or winding up of the Company shall be effected,
                  then in any such case, the Company shall cause to be mailed by
                  certified mail to the Holder, at least fifteen days prior to
                  the date specified in (x) or (y) below, as the case may be, a
                  notice containing a brief description of the proposed action
                  and stating the date on which (x) a record is to be taken for
                  the purpose of such dividend, distribution or rights, or (y)
                  such reclassification, reorganization, consolidation, merger,
                  conveyance, lease, dissolution, liquidation or winding up is
                  to take place and the date, if any is to be fixed, as of which
                  the holders of Common Stock or other securities shall receive
                  cash or other property deliverable upon such reclassification,
                  reorganization, consolidation, merger, conveyance,
                  dissolution, liquidation or winding up.

         (i)      RECLASSIFICATION, REORGANIZATION OR MERGER. In case of any
                  reclassification, capital reorganization or other change of
                  outstanding shares of Common Stock of the Company, or in case
                  of any consolidation or merger of the Company with or into
                  another corporation (other than a merger with a subsidiary in
                  which merger the Company is the continuing corporation and
                  which does not result in any reclassification, capital
                  reorganization or other change of outstanding shares of Common
                  Stock of the class issuable upon exercise of this Warrant) or
                  in case of any sale, lease or conveyance to another
                  corporation of the property of the Company as an entirety, the
                  Company shall, as a condition precedent to such transaction,
                  cause effective provisions to be made so that the Holder shall
                  have the right thereafter by exercising this Warrant at any
                  time prior to the expiration of the Warrant, to purchase the
                  kind and amount of shares of stock and other securities and
                  property receivable upon such reclassification, capital
                  reorganization and other change, consolidation, merger, sale
                  or conveyance by a holder of the number of shares of Common
                  Stock which might have been purchased upon exercise of this
                  Warrant immediately prior to such reclassification, change,
                  consolidation, merger, sale or conveyance. Any such provision
                  shall include provision for adjustments which shall be as
                  nearly equivalent as may be practicable to the adjustments
                  provided for in this Warrant. The foregoing provisions of this
                  Section (i) shall similarly apply to successive
                  reclassifications, capital reorganizations and changes of
                  shares of Common Stock and to successive consolidations,
                  mergers, sales or conveyances. In the event that

                                                                              10

<PAGE>   12

                  in connection with any such capital reorganization or
                  reclassification, consolidation, merger, sale or conveyance,
                  additional shares of Common Stock shall be issued in exchange,
                  conversion, substitution or payment, in whole or in part, for
                  a security of the Company other than Common Stock, any such
                  issue shall be treated as an issue of Common Stock covered by
                  the provisions of Subsection (1) of Section (f) hereof.

         (j)      REGISTRATION UNDER THE SECURITIES ACT OF 1933. The Company and
                  the Holder have entered into a Registration Rights Agreement
                  as of even date herewith providing for certain rights and
                  obligations related to registration of the shares of Common
                  Stock issuable upon exercise of this Warrant.

         (k)      RESTRICTIVE LEGEND. Each Warrant Share, when issued, shall
                  include a legend in substantially the following form: THE
                  ISSUANCE OF THESE SHARES HAS NOT BEEN REGISTERED UNDER THE
                  SECURITIES ACT OF 1933 (THE "ACT") NOR UNDER ANY STATE
                  SECURITIES LAW AND THESE SHARES MAY NOT BE PLEDGED, SOLD,
                  ASSIGNED OR OTHERWISE TRANSFERRED UNTIL A (1) REGISTRATION
                  STATEMENT UNDER THE ACT AND ANY APPLICABLE STATE SECURITIES
                  LAW HAS BECOME EFFECTIVE WITH RESPECT THERETO, OR (2) RECEIPT
                  BY THE COMPANY OF AN OPINION OF COUNSEL ACCEPTABLE TO THE
                  COMPANY (IF SO REQUESTED) TO THE EFFECT THAT REGISTRATION
                  UNDER THE ACT OR APPLICABLE STATE SECURITIES LAW IS NOT
                  REQUIRED IN CONNECTION WITH THE PROPOSED TRANSFER.

         (l)      NO IMPAIRMENT. The Company will not, by amendment of its
                  charter or through reorganization, consolidation, merger,
                  dissolution, sale of assets 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 action as may be necessary or appropriate in order
                  to protect the rights of the holder of this Warrant against
                  impairment.

Dated:  March 31, 2000

                                             STOCKPOINT, INC.

Attest:

                                             By:
--------------------------------             -----------------------------------
Name:  William McNally                       Name:  William E. Staib
Title:   Secretary                           Title:   President & CEO

                                                                              11

<PAGE>   13

                                  PURCHASE FORM

                                                    Dated
                                                         --------------------

         The undersigned hereby irrevocably elects to exercise the within
Warrant to the extent of purchasing               shares of Common Stock and
hereby makes payment of                in payment of the actual exercise price
thereof. In lieu of such payment of the actual exercise price, the undersigned
may direct the Company to net issue such shares of Common Stock in accordance
with Section (a)(2) of the within Warrant by writing "net issue" in the space
after "payment of" in the preceding sentence.

                     INSTRUCTIONS FOR REGISTRATION OF STOCK

Name
    --------------------------------------------------------------------
                 (Please typewrite or print in block letters)

Address
       -----------------------------------------------------------------

         Signature
                  ------------------------------------------------------

                                 ASSIGNMENT FORM

         FOR VALUE RECEIVED,                           hereby sells, assigns and
transfers unto

Name
    ---------------------------------------------------------------------
                 (Please typewrite or print in block letters)

Address
       ------------------------------------------------------------------

the right to purchase Common Stock represented by this Warrant to the extent of
        shares as to which such right is exercisable and does hereby irrevocably
constitute and appoint                    Attorney, to transfer the same on the
books of the Company with full power of substitution in the premises.

                                                                              12

<PAGE>   14

Date                    ,
    -------------------- -------

Signature
         ------------------------------

                                                                              13<PAGE>   1
                                                                    EXHIBIT 4.10

                                                                       EXHIBIT B

                          REGISTRATION RIGHTS AGREEMENT

          This Registration Rights Agreement (the "Agreement") is entered into
as of March 30, 2000, by and among Stockpoint, Inc., a Delaware corporation
(the "Company"), and the persons listed on the signature page hereof (the
"Purchasers").

          WHEREAS, the Purchasers (the "Purchasers") have purchased Stock
Purchase Warrants (the "Warrants") for the purchase of Common Stock, $.01 par
value per share, of the Company;

          WHEREAS, the Company and the Purchasers desire to provide for certain
arrangements with respect to the registration under the Securities Act of 1933,
as amended (the "Securities Act"), of shares of Common Stock of the Company,
$.01 par value per share, to be issued upon exercise of the Warrants held by the
Purchasers as provided in this Agreement:

         NOW, THEREFORE, in consideration of the mutual promises and agreements
contained herein, and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the Company and the Purchasers
hereby agree as follows:

         1.    Definitions.

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

               1.2 "Company" shall mean Stockpoint, Inc., a Delaware
corporation.

               1.3 "Common Shares" shall mean the shares of common stock, par
value $.01 per share, authorized by the Company's Certificate of Incorporation
and any additional shares of common stock which may be authorized in the future
by the Company, and any stock into which such Common Shares may hereafter be
changed, and shall also include capital stock of any other class of the Company
which is not preferred as to dividends or assets over any other class of stock
of the Company and which is not subject to redemption.

               1.4 "Public Offering" shall mean any offering of Common Shares to
the public, either on behalf of the Company or any of its security holders,
pursuant to an effective registration statement under the Securities Act.

               1.5 "Purchasers" shall mean the holders from time to time of the
Warrants.

               1.6 "Registrable Securities" shall mean (a) the Common Shares at
any time issued or subject to issuance upon the exercise of the Warrants and any
series of preferred stock, warrants, options or rights, the holders of which are
granted registration rights by agreement with the Company and (b) any additional
securities issued with respect to the above-described

<PAGE>   2

securities upon any stock split, stock dividend, recapitalization, or similar
event. Registrable Securities shall cease to be Registrable Securities when (x)
a registration statement with respect to the sale of such securities shall have
been declared effective under the Securities Act and such securities shall have
been disposed of in accordance with such registration statement, (y) all such
securities held by a Purchaser shall be eligible to be distributed pursuant to
Rule 144 under the Securities Act in a single three-month period by the holders
thereof or (z) such securities shall have ceased to be outstanding.

          1.7 "Registration Expenses" shall mean the expenses described in
Section 5.

          1.8 "Securities Act" shall mean the Securities Act of 1933, as
amended.

          2. Demand Registration.

             2.1 Subject to Sections 2.4 and 2.5, if at any time after one year
has elapsed from the date the Company first consummates a Public Offering
pursuant to a registration statement on Form S-1 or Form SB-2, the Company shall
receive a written request therefor from the record holder or holders of an
aggregate of at least 51% of the Registrable Securities, the Company shall
prepare and file a registration statement under the Securities Act covering such
number of Registrable Securities as are the subject of such request and shall
use its best efforts to cause such registration statement to become effective.
Upon the receipt of a registration request meeting the requirements of this
Section 2.1, the Company shall promptly give written notice to all other record
holders of Registrable Securities that such registration is to be effected. The
Company shall include in such registration statement such additional Registrable
Securities as such other record holders request in writing within thirty (30)
days after the date of the Company's written notice to them. If (a) the holders
of a majority of the Registrable Securities for which registration has been
requested pursuant to this Section 2.1 determine for any reason not to proceed
with the registration at any time before the related registration statement has
been declared effective by the Commission, (b) such registration statement, if
theretofore filed with the Commission, is withdrawn and (c) the holders of the
Registrable Securities subject to such registration statement agree to bear
their own Registration Expenses incurred in connection therewith and to
reimburse the Company for the Registration Expenses incurred by it in such
connection or if such registration statement, if theretofore filed with the
Commission, is withdrawn at the initiative of the Company, then the holders of
the Registrable Securities shall not be deemed to have exercised their demand
registration right pursuant to this Section 2.1.

             2.2 At the request of the holders of a majority of the Registrable
Securities to be registered, the method of disposition of all Registrable
Securities included in such registration shall be an underwritten Public
Offering. The managing underwriter of any such Public Offering shall be selected
by the Company. If in the good faith judgment of the managing underwriter of
such Public Offering, the inclusion of all of the Registrable Securities the
registration of which has been requested would interfere with their successful
marketing, the number of Registrable Securities to be included in the Public
Offering shall be reduced, pro rata, among the requesting holders thereof in
proportion to the number of Registrable Securities included in their respective
requests for registration. Registrable Securities that are so excluded from such
underwritten

                                       2
<PAGE>   3

Public Offering shall be withheld by the holders thereof for such period, not
exceeding one hundred and twenty (120) days, as the managing underwriter
reasonably determines is necessary to effect such Public Offering.

          2.3 The Company shall be obligated to prepare, file and cause to be
effective only one (1) registration statement pursuant to Section 2.1.

          2.4 Notwithstanding the foregoing, the Company may delay initiating
the preparation and filing of any registration statement requested pursuant to
Section 2.1 for a period not to exceed one hundred eighty (180) days if, in the
good faith judgment of the Company's Board of Directors, effecting the
registration would adversely affect a proposed Public Offering by the Company or
would require the premature disclosure of any financing, acquisition,
disposition of assets or stock, merger or other comparable transaction or would
require the Company to make public disclosure of information the public
disclosure of which could have material adverse effect on the Company.

          2.6 Notwithstanding anything to the contrary contained herein, at any
time within thirty (30) days after receiving a demand for registration pursuant
to Section 2.1, the Company may elect to effect an underwritten primary
registration in lieu of the requested registration. If the Company so elects,
the Company shall give prompt written notice to all holders of Registrable
Securities of its intention to effect such a registration and shall afford such
holders the rights contained in Article 3 with respect to "piggyback"
registrations. In such event, the demand for registration pursuant to Section
2.1 shall be deemed to have been withdrawn.

     3.   Piggyback Registration.

          3.1 From and after the date on which one year has elapsed from the
date the Company first consummates a Public Offering pursuant to a registration
statement on Form S-1 or Form SB-2, each time the Company shall determine to
proceed with the actual preparation and filing of a registration statement under
the Securities Act in connection with the proposed offer and sale for money of
any of its securities by it or any of its security holders (other than a
registration statement on Form S-8, Form S-4 or other limited purpose form), the
Company will give written notice of its determination to all record holders of
Registrable Securities. Upon the written request of a record holder of any
Registrable Securities given within 30 days after the date of any such notice
from the Company, the Company will, except as herein provided, cause all
Registrable Securities the registration of which is requested to be included in
such registration statement, all to the extent requisite to permit the sale or
other disposition by the prospective seller or sellers of the Registrable
Securities to be so registered; provided, however, that nothing herein shall
prevent the Company from, at any time, abandoning or delaying any registration;
and provided, further, that if the Company determines not to proceed with a
registration after the registration statement has been filed with the
Commission, and the Company's decision not to proceed is primarily based upon
the anticipated Public Offering price of the securities to be sold by the
Company, the Company shall promptly complete the registration for the benefit of
those selling security holders who wish to proceed with a Public Offering of
their Registrable Securities and who agree to bear all of the Registration
Expenses in excess of $25,000 incurred by the Company as the result of such
registration after the Company has decided not to proceed. In the

                                       3
<PAGE>   4

discretion of the holders of the Registrable Securities to be included in the
registration (provided that such holders are the record holders of at least 51%
of the Registrable Securities), such registration may count as a demand
registration under Section 2.1 (if it otherwise meets the requirements of
Section 2.1) for which the Company will pay all Registration Expenses.

          3.2 If any registration pursuant to Section 3.1 is underwritten in
whole or in part, the Company may require that the Registrable Securities
included in the registration be included in the underwriting on the same terms
and conditions as the securities otherwise being sold through the underwriters.
If, in the good faith judgment of the managing underwriter of the Public
Offering, the inclusion of all of the Registrable Securities originally covered
by requests for registration would reduce the number of shares to be offered by
the Company or interfere with the successful marketing of the shares offered by
the Company, the number of Registrable Securities to be included in the Public
Offering may be reduced in the following manner: first, securities held by
officers and directors of the Company (other than Registrable Securities) shall
be excluded from such underwritten public offering to the extent required by the
managing underwriter, second, if a further reduction in the Public Offering is
required, any securities, other than Registrable Securities, proposed to be sold
in the Public Offering by persons other than the Company shall be excluded and
third, if a further reduction in the Public Offering is required, the
Registrable Securities requested to be included in the Public Offering shall be
reduced, pro rata, among the requesting holders thereof in proportion to the
number of Registrable Securities included in their respective requests for
registration. The Registrable Securities which are thus excluded from the
underwritten Public Offering shall be withheld from the market by the holders
thereof for a period which the managing underwriter reasonably determines is
necessary in order to effect the Public Offering.

     4. Short Form Registration. In addition to the registration rights provided
in Articles 2 and 3, if the Company qualifies for the use of Form S-3 or any
similar registration form then in force, the Company shall on one occasion at
its expense at the request of a majority of the holders of Registrable
Securities then outstanding file a registration statement on such form covering
Registrable Securities on behalf of such holder or holders. The Company shall
give notice to all the holders of Registrable Securities who did not join in
such request and afford them a reasonable opportunity to do so.

     5. Registration Procedures. If and whenever the Company is required by the
provisions of Article 2, Article 3 or Articles 4 to effect a registration of
Registrable Securities under the Securities Act, the Company will use its best
efforts to effect the registration and sale of such Registrable Securities in
accordance with the intended methods of disposition specified by the holders
participating therein. Without limiting the foregoing, the Company in each such
case will, as expeditiously as possible:

          5.1 In the case of a demand registration pursuant to Section 2.1 or
Article 4, prepare and file with the Commission the requisite registration
statement to effect such registration (including such audited financial
statements as may be required by the Securities Act or the rules and regulations
thereunder) and use its best efforts to cause such registration statement to
become effective; provided, however, that as far in advance as practical before
filing

                                       4
<PAGE>   5

such registration statement or any amendment thereto, the Company will
furnish counsel for the requesting holders of Registrable Securities with copies
of reasonably complete drafts of all such documents proposed to be filed
(including exhibits), and any such holder shall have the opportunity to object
to any information pertaining solely to such holder that is contained therein
and the Company will make the corrections reasonably requested by such holder
with respect to such information prior to filing such registration statement or
amendment.

          5.2 Prepare and file with the Commission such amendments and
supplements to such registration statement and any prospectus used in connection
therewith as may be necessary to maintain the effectiveness of such registration
statement and to comply with the provisions of the Securities Act with respect
to the disposition of all Registrable Securities included in such registration
statement, in accordance with the intended methods of disposition thereof, until
the earlier of (a) such time as all of the Registrable Securities included in
such registration statement have been disposed of in accordance with the
intended methods of disposition by the holder or holders thereof as set forth in
such registration statement or (b) one hundred eighty (180) days after such
registration statement becomes effective.

          5.3 Promptly notify each requesting holder and the underwriter or
underwriters, if any, of:

          (a) when such registration statement or any prospectus used in
     connection therewith, or any amendment or supplement thereto, has been
     filed and, with respect to such registration statement or any
     post-effective amendment thereto, when the same has become effective;

          (b) any written request by the Commission for amendments or
     supplements to such registration statement or prospectus;

          (c) any notification received by the Company from the Commission
     regarding the Commission's initiation of any proceeding with respect to, or
     of the issuance by the Commission of, any stop order suspending the
     effectiveness of such registration statement; and

          (d) the receipt by the Company of any notification with respect to the
     suspension of the qualification of any Registrable Securities for sale
     under the applicable securities or blue sky laws of any jurisdiction.

          5.4 Furnish to each holder of Registrable Securities included in such
registration statement such number of conformed copies of such registration
statement and of each amendment and supplement thereto, and such number of
copies of the prospectus contained in such registration statement (including
each preliminary prospectus and any summary prospectus) and any other prospectus
filed under Rule 424 promulgated under the Securities Act relating to such
seller's Registrable Securities, and such other documents, as such holder may
reasonably request to facilitate the disposition of its Registrable Securities.

                                       5
<PAGE>   6

          5.5 Use its best efforts to register or qualify all Registrable
Securities included in such registration statement under the securities or "blue
sky" laws of such states as each holder of Registrable Securities shall
reasonably request within twenty (20) days following the original filing of such
registration statement and to keep such registration or qualification in effect
for so long as such registration statement remains in effect, and take any other
action which may be reasonably necessary or advisable to enable such holder to
consummate the disposition in such states of the Registrable Securities owned by
such holder, except that the Company shall not for any such purpose be required
(a) to qualify generally to do business as a foreign corporation in any
jurisdiction wherein it would not but for the requirements of this Section 5.5
be obligated to be so qualified, (b) to consent to general service of process in
any such jurisdiction or (c) to subject itself to taxation in any such
jurisdiction by reason of such registration or qualification.

          5.6 Use its best efforts to cause all Registrable Securities included
in such registration statement to be registered with or approved by such other
governmental agencies or authorities as may be necessary to enable each holder
thereof to consummate the disposition of such Registrable Securities.

          5.7 Notify each holder whose Registrable Securities are included in
such registration statement, at any time when a prospectus relating thereto is
required to be delivered under the Securities Act, of the happening of any event
as a result of which any prospectus included in such registration statement, as
then in effect, includes an untrue statement of a material fact or omits to
state any material fact required to be stated therein or necessary to make the
statements therein, in the light of the circumstances under which they were
made, not misleading, and at the request of any such holder promptly prepare and
furnish to such holder a reasonable number of copies of a supplement to or an
amendment of such prospectus as may be necessary so that, as thereafter
delivered to the purchasers of such Registrable Securities, such prospectus
shall not include an untrue statement of a material fact or omit to state a
material fact required to be stated therein or necessary to make the statements
therein, in the light of the circumstances under which they were made, not
misleading.

          5.8 Otherwise use its best efforts to comply with all applicable rules
and regulations of the Commission.

          5.9 Use its best efforts to cause all Registrable Securities included
in such registration statement to be listed, upon official notice of issuance,
on any securities exchange or quotation system on which any of the securities of
the same class as the Registrable Securities are then listed.

          5.10 The Company may require each holder whose Registrable Securities
are being registered to, and each such holder, as a condition to including
Registrable Securities in such registration statement, shall, furnish the
Company and the underwriters with such information and affidavits regarding such
holder and the distribution of such Registrable Securities as the Company and
the underwriters may from time to time reasonably request in writing in
connection with such registration statement. At any time during the
effectiveness of any registration statement covering Registrable Securities
offered by a holder, if such holder becomes

                                       6
<PAGE>   7

aware of any change materially affecting the accuracy of the information
contained in such registration statement or the prospectus (as then amended or
supplemented) relating to such holder, it will immediately notify the Company of
such change.

          5.11 Upon receipt of any notice from the Company of the happening of
any event of the kind described in Section 5.7, each holder will forthwith
discontinue such holder's disposition of Registrable Securities pursuant to the
registration statement relating to such Registrable Securities until such holder
receives the copies of the supplemented or amended prospectus contemplated by
Section 5.7 and, if so directed by the Company, shall deliver to the Company all
copies, other than permanent file copies, then in such holder's possession of
the prospectus relating to such Registrable Securities.

     6. Expenses. With respect to any registration requested pursuant to Article
2 (except as otherwise provided in such Article with respect to a registration
voluntarily terminated at the request of the requesting holders of Registrable
Securities), Article 3 (except as otherwise provided in such Article with
respect to a registration continued by holders of Registrable Securities who
wish to proceed with a Public Offering that is withdrawn by the Company) or
Article 4, the Company shall bear all of the fees and expenses ("Registration
Expenses") incident to the Company's performance of or compliance with its
obligations under this Agreement in connection with such registration, or
participation by the holders of Registrable Securities in any such registration,
including, without limitation, all registration, filing, securities exchange
listing and NASD fees, all registration, filing, qualification and other fees
and expenses or complying with state securities or "blue sky" laws, all word
processing, duplicating and printing expenses, messenger and delivery expenses,
the fees and disbursements of counsel for the Company and of its independent
public accountants, and one counsel for the selling holders selected by them,
including the expenses of any special audits or "cold comfort" letters required
by or incident to such performance and compliance, premiums and other costs of
any policies of insurance against liabilities arising out of the Public Offering
of the Registrable Securities being registered obtained by the Company (it being
understood that the Company shall have no obligation to obtain such insurance)
and any fees and disbursements of underwriters customarily paid by issuers or
sellers of securities; but excluding underwriting discounts and commissions and
transfer taxes, if any, in respect of Registrable Securities and any fees and
disbursements of more than one counsel or any accountant to the holders of the
Registrable Securities, which discounts, commissions, transfer taxes, fees and
disbursements shall in any registration be payable by the holders of the
Registrable Securities being registered, pro rata in proportion to the number of
Registrable Securities being sold by them.

     7. Indemnification.

          7.1 The Company will, to the full extent permitted by law, indemnify
and hold harmless each holder of Registrable Securities which are included in a
registration statement pursuant to the provisions of this Agreement, and its
directors, officers and partners and each other person, if any, who controls
such holder within the meaning of the Securities Act, from and against any and
all losses, claims, damages, expenses or liabilities, joint or several
(collectively, "Losses") to which such holder or any such director, officer,
partner or controlling person may

                                       7
<PAGE>   8

become subject under the Securities Act or otherwise, insofar as such Losses (or
actions or proceedings, whether commenced or threatened, in respect thereof)
arise out of or are based upon any untrue statement or alleged untrue statement
of any material fact contained in a registration statement prepared and filed
hereunder, any preliminary, final or summary prospectus contained therein or any
amendment or supplement thereto or any omission or alleged omission to state
therein a material fact required to be stated therein or necessary to make the
statements therein (in the case of a prospectus, in the light of the
circumstances under which they were made) not misleading, and the Company will
reimburse the holder and each such director, officer, partner and controlling
person for any legal or other expenses reasonably incurred by them in connection
with investigating or defending against any such Losses (or action or proceeding
in respect thereof); provided, however, that the Company will not be liable in
any such case to the extent that any such Losses arise out of or are based upon
(a) an untrue statement or alleged untrue statement or omission or alleged
omission made in conformity with written information furnished by such holder
specifically for use in the preparation of the registration statement or (b)
such holder's failure to send or give a copy of the final prospectus to the
persons asserting an untrue statement or alleged untrue statement or omission or
alleged omission at or prior to the written confirmation of the sale of
Registrable Securities to such person if such statement or omission was
corrected in such final prospectus. Such indemnity shall remain in full force
and effect regardless of any investigation made by or on behalf of such holder
or any such director, officer, partner or controlling person of such holder and
shall survive the transfer of such securities by such holder. The Company shall
also indemnify each other person who participates (including as an underwriter)
in the offering or sale of Registrable Securities, their officers and directors,
and partners, and each other person, if any, who controls any such participating
person within the meaning of the Securities Act to the same extent provided
above with respect to holders of Registrable Securities.

          7.2 Each holder of Registrable Securities which are included in a
registration pursuant to the provisions of this Agreement will, to the full
extent permitted by law, indemnify and hold harmless the Company, its officers,
directors and each other person, if any, who controls the Company within the
meaning of the Securities Act from and against any and all Losses to which the
Company or any such officer, director or controlling person may become subject
under the Securities Act or otherwise, insofar as such Losses (or actions or
proceedings, whether commenced or threatened, in respect thereof) arise out of
or are based upon any untrue or alleged untrue statement of any material fact
contained in a registration statement prepared and filed hereunder, any
preliminary, final or summary prospectus contained therein or any amendment or
supplement thereto, or arise out of or are based upon the omission or the
alleged omission to state therein a material fact required to be stated therein
or necessary to make the statements therein (in the case of a prospectus, in the
light of the circumstances under which they were made) not misleading, in each
case to the extent, but only to the extent, that such untrue statement or
alleged untrue statement or omission or alleged omission was so made in reliance
upon and in strict conformity with written information furnished by such holder
specifically for use in the preparation of such registration statement. Such
indemnity shall remain in full force and effect regardless of any investigation
made by or on behalf of the Company or any such director, officer or controlling
person of the Company. The holder of Registrable Securities included in a
registration statement shall also indemnify each other person who participates
(including as an

                                       8
<PAGE>   9

underwriter) in the offering or sale of Registrable Securities, their officers
and directors, and partners, and each other person, if any, who controls any
such participating person within the meaning of the Securities Act to the same
extent as provided above with respect to the Company. In no event shall the
liability of any holder under this Section 7.2 exceed the net proceeds received
by such holder from the sale of their Registrable Securities.

          7.3 Promptly after receipt by a party indemnified pursuant to the
provisions of Section 7.1 or Section 7.2 of notice of the commencement of any
action involving the subject matter of the foregoing indemnity provisions, such
indemnified party will, if a claim thereof is to be made against the
indemnifying party pursuant to the provisions of Section 7.1 or Section 7.2,
promptly notify the indemnifying party of the commencement thereof; but the
omission so to notify the indemnifying party will not relieve the indemnifying
party from any liability which it may have to any indemnified party except to
the extent that the indemnifying party is actually prejudiced by such failure to
give notice. In case any such action is brought against any indemnified party,
the indemnifying party shall have the right to participate in, and, to the
extent that it may wish, jointly with any other indemnifying party, to assume
the defense thereof, with counsel reasonably satisfactory to such indemnified
party; provided, however, that if the defendants in any action include both the
indemnified party and the indemnifying party and the indemnified party
reasonably concludes that there is a conflict of interest that would prevent
counsel for the indemnifying party from also representing the indemnified party,
the indemnified party shall have the right to select separate counsel to
participate in the defense of such action on behalf of the indemnified party or
parties. After notice from the indemnifying party to such indemnified party of
its election so to assume the defense thereof, the indemnifying party will not
be liable to such indemnified party pursuant to the provisions of Section 7.1 or
Section 7.2 for any legal or other expense subsequently incurred by such
indemnified party in connection with the defense thereof unless (a) the
indemnified party shall have employed counsel in accordance with the proviso of
the preceding sentence, (b) the indemnifying party shall not have employed
counsel reasonably satisfactory to the indemnified party to represent the
indemnified party within a reasonable time after the notice of the commencement
of the action or (c) the indemnifying party has authorized the employment of
counsel for the indemnified party at the expense of the indemnifying party. If
the indemnifying party is not entitled to, or elects not to, assume the defense
of a claim, it will not be obligated to pay the fees and expenses of more than
one counsel for the indemnified parties with respect to such claim, unless in
the reasonable judgment of any indemnified party a conflict of interest may
exist between such indemnified party and any other indemnified parties with
respect to such claim, in which event the indemnifying party shall be obligated
to pay the fees and expenses of additional counsel or counsels for the
indemnified parties. No indemnifying party shall consent to entry of any
judgment or enter into any settlement which does not include as an unconditional
term thereof the giving by the claimant or plaintiff to such indemnified party
of a release from all liability in respect to such claim or litigation without
the consent of the indemnified party. No indemnifying party shall be subject to
any liability for any settlement made without its consent. An indemnified party
may at any time elect to participate in the defense of any claim or proceeding
at its own expense.

          7.4 If the indemnification provided for in this Article 7 is held by a
court of competent jurisdiction to be unavailable to an indemnified party with
respect to any loss, liability,

                                       9
<PAGE>   10

claim, damage, or expenses referred to therein, then the indemnifying party, in
lieu of indemnifying such indemnified party hereunder, shall contribute to the
amount paid or payable by such indemnified party as a result of such loss,
liability, claim, damage, or expense in such proportion as it appropriate to
reflect the relative fault of the indemnifying party on the one hand and of the
indemnified party on the other in connection with the statements or omissions
that resulted in such loss, liability, claim, damage, or expense as well as any
other relevant equitable considerations. The relative fault of the indemnifying
party and of the indemnified party shall be determined by reference to, among
other things, whether the untrue or alleged untrue statement of a material fact
or the omission to state a material fact relates to information supplied by the
indemnifying party or by the indemnified party and the parties' relative intent,
knowledge, access to information, and opportunity to correct or prevent such
statement or omission.

     8. Covenants Relating to Rule 144. If at any time the Company is required
to filed reports in compliance with either Section 13 or Section 15(d) of the
Securities Exchange Act of 1934, as amended, (the "Exchange Act") the Company
will (a) file reports in compliance with the Exchange Act and (b) comply with
all rules and regulations of the Commission applicable to the use of Rule 144.

     9. Underwritten Offerings. If a distribution of Registrable Securities
pursuant to a registration statement is to be underwritten, the holders whose
Registrable Securities are to be distributed by such underwriters shall be
parties to such underwriting agreement. No requesting holder may participate in
such underwritten offering unless such holder agrees to sell its Registrable
Securities on the basis provided in such underwriting agreement and completes
and executes all questionnaires, powers of attorney, indemnities and other
documents reasonably required under the terms of such underwriting agreement. If
any requesting holder disapproves of the terms of an underwriting, such holder
may elect to withdraw therefrom and from such registration by notice to the
Company and the managing underwriter, and each of the remaining requesting
holders shall be entitled to increase the number of Registrable Securities being
registered to the extent of the Registrable Securities so withdrawn in the
proportion which the number of Registrable Securities being registered by such
remaining requesting holder bears to the total number of Registrable Securities
being registered by all such remaining requesting holders.

     10. Stand-Off Agreement. Each holder of Registrable Securities agrees, so
long as such holder holds at least 1% of the Company's outstanding voting equity
securities, in connection with the Company's initial Public Offering, upon
request of the Company or the underwriters managing such Public Offering, not to
sell, make any short sale of, loan, grant any option for the purchase of, or
otherwise dispose of any Common Shares of the Company without the prior written
consent of the Company or such underwriters, as the case may be, for such period
of time (not exceeding 180 days) from the effective date of the registration
statement relating to such initial Public Offering as may be requested by the
underwriters; provided, however, that all other holders of at least 1% of the
Company's outstanding voting equity securities and all of the officers and
directors of the Company who own stock of the Company must also agree to not
less onerous restrictions.

                                       10
<PAGE>   11

     11. Amendment. The Company shall not amend this Agreement without the
written consent of the holders of more than 50% of the Registrable Securities.

     12. Termination. This Agreement, and all of the Company's obligations
hereunder (other than its obligations pursuant to Article 7, which obligations
shall survive such termination), shall terminate upon the earlier to occur of
(a) the date on which there are no Registrable Securities outstanding or (b)
March 30, 2005.

     13. Assignment of Registration Rights. The rights to cause the Company to
register Registrable Securities pursuant to this Agreement may be assigned (but
only with all related obligations) by a holder of Registrable Securities to a
transferee or assignee of all, but not less than all, such securities provided
the Company is within a reasonable time after such transfer furnished with
written notice of the name and address of such transferee or assignee and the
securities with respect to which such registration rights are being assigned.

IN WITNESS WHEREOF, the parties hereto have duly executed this Registration
Rights Agreement as of the date and year first above-written.

                                   STOCKPOINT, INC.

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

                                   ZEKE INVESTMENT PARTNERS

                                   By:
                                      -----------------------------------------
                                         Ed Antoian

                                       11
<PAGE>   12

                                   By:
                                      -----------------------------------------
                                        Matthew P. Kinley

                                   By:
                                      -----------------------------------------
                                        Joseph Dunham

                                   EQUITY DYNAMICS, INC., as Agent

                                   By:
                                      -----------------------------------------
                                       12

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