Document:

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                                                                     EXHIBIT 4.2

                                                                 EXECUTION COPY

                             SHAREHOLDERS AGREEMENT

         SHAREHOLDERS AGREEMENT, dated as of this 11th day of December, 1997
among Infoseek Corporation, a California corporation ("Infoseek"); the
investors whose names and addresses appear on Schedule I hereto (the "QIP
Investors"); each of David Hoppmann, Jeff Massa, Peter McKee and Catherine
Michela (the "Managing Founders" and, collectively with Infoseek and the QIP
Investors, the "Investors"); and Bizwatch, Inc., a Delaware corporation (the
"Company"). Certain capitalized terms used but not defined herein shall have
the meanings ascribed to them in the Securities Purchase Agreement.

                                   RECITALS:

         WHEREAS, the QIP Investors have, pursuant to the terms of a
securities purchase agreement with the Company and the Managing Founders (the
"Securities Purchase Agreement") agreed to purchase shares of Common Stock, par
value $.001 per share, of the Company (the "Common Stock"); and

         WHEREAS, Infoseek and the Managing Founders have, each pursuant to the
terms of separate agreements, acquired certain securities of the Company; and

         WHEREAS, Infoseek and the Managing Founders have each been granted
certain Options (as defined below) to purchase shares of Common Stock; and

         WHEREAS, Infoseek, the QIP Investors, the Managing Founders and the
Company desire to promote their mutual interests by agreeing to certain matters
relating to the operations of the Company and the disposition of shares of
Capital Stock (as defined below) and Options.

         NOW, THEREFORE, in consideration of the mutual covenants and
agreements herein contained, the parties hereto hereby agree as follows:

         SECTION 1. COVENANTS OF THE PARTIES

         (a) Legends. Until such time as the provisions of this Agreement shall
terminate, the certificates or other instruments evidencing shares of Capital
Stock or Options subject to this Agreement will bear the following legend
reflecting the restrictions on the transfer of such securities contained in
this Agreement:

         "The securities evidenced hereby are subject to the terms of that
         certain Shareholders Agreement, dated as

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         of December 11, 1997, by and among the Company and certain investors
         identified therein, including certain restrictions on transfer. A copy
         of this Agreement has been filed with the Secretary of the Company and
         is available upon request."

         (b)      Election of Directors.

                  (i) As of the date hereof, the Board of Directors of the
Company (the "Board") will consist of up to five directors, of which three
directors shall be designated by the Managing Founders, and, for as long as the
QIP Investors in the aggregate are a 5% Investor (as defined below), two
directors shall be designated by the QIP Investors. From and after the date
hereof and at all times throughout the term of this Agreement prior to the date
on which the Company completes an IPO (as defined below), the Investors and the
Company shall take all action within their respective power, including but not
limited to the voting of all shares of Capital Stock of the Company owned by
them, required to cause the Board to be constituted as set forth above.
Directors designated by the Managing Founders pursuant to this Section 1(b) (i)
are hereinafter referred to as the "Management Directors" and directors
designated by the QIP Investors pursuant to this Section 1(b) (i) or pursuant to
Section 1(b) (ii) below are hereinafter referred to as the "QIP Directors." In
addition, prior to the IPO and for so long as Infoseek beneficially owns
(whenever used herein, beneficially owns, or words of similar import shall be
construed in accordance with Rule 13d-3 under the Exchange Act) at least 5% of
the outstanding shares of Common Stock, Infoseek may designate one person to
observe all Board proceedings (the "Board Observer"). The Board Observer shall
not have any of the powers vested in the members of the Board, or any right to
vote on matters presented to the Board. The Board Observer shall be entitled to
notice of, and to attend, all meetings of the Board, but the Board Observer
shall not be counted for purposes of determining whether a quorum is present at
any meeting of the Board. Infoseek acknowledges and agrees that any action duly
taken by the Board shall not be invalidated by virtue of the fact that the Board
Observer was not properly notified of, or in attendance at, the meeting at which
such action was taken.

                  (ii) From the date on which the Company completes its IPO and
for as long as the QIP Investors in the aggregate own beneficially at least 10%
of the outstanding shares of Common Stock (a "10% Investor"), the Company will
nominate and use its best efforts to have two individuals designated by such
10% Investor elected to the Board, and the Investors shall take all action
within their respective power, including, but not limited to, the voting of all
shares of Capital Stock owned by them, required to cause the election of such
individuals to the Board. From the date on which the Company completes its IPO
and for as long as the QIP Investors in the aggregate own beneficially at

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least 5% but less than 10% of the outstanding shares of Common Stock (a "5%
Investor"), the Company will nominate and use its best efforts to have one
individual designated by such 5% Investor elected to the Board and the Investors
shall take all action within their respective power, including, but not limited
to, the voting of all shares of Capital Stock owned by them, required to cause
the election of such individuals to the Board.

                  (c) Replacement Directors. In the event that any Management
Director or QIP Director (a "Withdrawing Director") designated in the manner set
forth in Section 1(b) hereof is unable to serve, or once having commenced to
serve, is removed or withdraws from the Board, such Withdrawing Director's
replacement (the "Substitute Director") will be designated by the Managing
Founders or the QIP Investors, as the case may be. A Management Director may be
removed, with or without cause, by the Managing Founders, and the Managing
Founders shall thereafter have the right to, nominate a replacement for such
director. A QIP Director may be removed, with or without cause, by the QIP
Investors, and the QIP Investors shall thereafter have the right to nominate a
replacement for such director. However, at such time as the QIP Investors in the
aggregate cease to be a 5% Investor, the QIP Investors shall, at the request
of the Company, use reasonable efforts to cause the resignation of the QIP
Director(s) then serving on the Board. The Investors and the Company agree to
take all action within their respective power, including but not limited to the
voting of Capital Stock of the Company owned by them, to cause the election of
such Substitute Director promptly following his or her nomination pursuant to
this Section 1(c)

                  (d) QIP Director Consent for Certain Actions. From and after
the date hereof and at all times throughout the term of this Agreement prior to
the IPO, the Company shall not take any of the following actions without the
consent of the QIP Directors serving on the Board at the time of such action:

                           (i)      Amend the Certificate of Incorporation of
the Company;

                           (ii)     Amend the By-laws of the Company;

                           (iii)    Change the Company's business purposes or
conduct any business other than the business of providing intranet/internet
business information services as described in the Plan (the "Business");

                           (iv)     Change the Company's auditors;

                           (v)      Cause the Company to file any voluntary
bankruptcy petition or initiate similar proceedings;

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                           (vi)     Cause the Company to voluntarily liquidate
or dissolve or carry out any partial liquidation of the Company;

                           (vii)    Enter into any joint venture, partnership or
similar arrangement, other than distribution, content or advertising sales
agreements or other similar arrangements entered into in the ordinary course of
business and necessary to conduct the Business, which agreements do not grant
any third party an equity interest in the Company or any Affiliate thereof and
which do not involve aggregate future payments by the Company in excess of
$100,000;

                           (viii)   Pay any dividend on any shares of its
capital stock or make any distribution in respect thereof; or purchase or redeem
any shares of capital stock of the Company, other than pursuant to this
Agreement, the Securities Purchase Agreement or the Management Stock
Subscription Agreements;

                           (ix)     Create, assume or incur or otherwise become
or remain liable for any indebtedness of any kind, except for purchase money
debt or trade debt in the ordinary course of business;

                           (x)      Authorize, create, or issue any series of
capital stock (or options, warrants or rights to acquire or purchase any capital
stock, or any securities convertible into or exchangeable for the capital stock
of the Company), or adopt or otherwise institute any stock option or stock
purchase plan for, or otherwise issue any stock or options to, or make any tax
elections with respect thereto, employees, consultants or directors of the
Company, except (A) up to 15,000 shares of Common Stock or options to purchase
such shares of Common Stock issued pursuant to an employee stock option plan
(the "Option Plan") adopted by the Company available to the employees,
consultants and/or non-employee directors of the Company (other than the
Managing Founders) which plan contains restrictions on the ability of the
employees to sell or transfer their shares or Options satisfactory to the QIP
Directors and (B) in the event that any Managing Founder ceases for any reason
to be Employed (as defined in the Management Stock Subscription Agreements) by
the Company and such Managing Founder's Options to purchase Managing Founders'
Option Shares (as defined below) are terminated in accordance with such Managing
Founders Option Agreement (as defined below), the grant of Options contemplated
by Section 1(e) hereof subject to the terms and limitations of such Section;

                           (xi)     Increase or decrease the size of the Board;

                           (xii)    Make any Investment in any Person;

                           (xiii)   Sell, dispose of, transfer or otherwise
liquidate any asset having a fair market value exceeding $1,000,000;

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                           (xiv)    Sell, dispose of, transfer, assign or
otherwise terminate rights to ownership, or use of, any Intellectual Property;

                           (xv)     Commence or settle any legal proceedings
with a monetary value greater than $100,000;

                           (xvi)    Engage in any transaction or arrangement, or
amend any existing agreements or arrangement, with any Affiliate or Associate
(each as defined in Rule 405 under the Securities Act) unless such transaction
is at least as favorable to the Company as an arms-length transaction of a
similar nature with an unrelated third party;

                           (xvii)   Approve any annual budget or business plan
or make any amendment to an annual budget or business plan if the effect of such
amendment, individually or with other such amendments, would have a ten percent
impact on the net income of the Company, as reported in its last regularly
prepared financial statements;

                           (xviii)  Approve any capital expenditures, pledges,
guarantees or other monetary commitments which, cumulatively, would have an
effect on the net income or total assets of the Company, as reported in its last
regularly prepared financial statements, of 10% or more;

                           (xix)    Approve any salary for any of the Managing
Founders, which, together with bonuses, would exceed $200,000 per annum;

                           (xx)     Amend the terms of any of the Employment
Agreements, Management Stock Subscription Agreements or Option Agreements or the
terms and amounts of the Options issued to the Managing Founders or Infoseek; or

                           (xxi)    Effect any of the foregoing indirectly or
through a subsidiary or Affiliate.

                  For the purposes of Section 1(d), "Investment" shall mean any
stock, partnership or joint venture interest or other security, any loan, any
advance, any contribution to capital, any acquisitions of real or personal
property (other than real and personal property acquired in the ordinary course
of business), and any purchase or commitment or option to purchase stock or
other securities of or any interest in another Person or any integral part of
any business or the assets comprising such business or part thereof if the
aggregate consideration for such purchase, commitment or option was in excess of
$100,000, or in the aggregate together with all other such purchasers,
commitments or options was in excess of $250,000, and whether existing on the
date of this Agreement or hereafter made.

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                  (e) Employee Stock Incentives. The Investors acknowledge that
the Company has reserved an aggregate of 36,095 shares (the "Managing Founders'
Option Shares") of its Common Stock granted to the Managing Founders pursuant to
Option Agreements between the Company and each of the Managing Founders
(collectively, the "Option Agreements"). In the event that any Managing Founder
ceases for any reason to be employed by the Company and such Managing Founder's
Options to purchase Managing Founders' Option Shares are terminated in
accordance with such Managing Founder's Option Agreement, the Board of Directors
shall be permitted to grant Options to purchase an aggregate of not more than
the number of shares of Common Stock for which the terminated options were
exercisable at the time of the termination thereof to one or more of the
Managing Founders then employed by the Company or any other employee of the
Company; provided that the exercise price of such Options is no less than the
fair market value of the Common Stock on the date of grant and the terms and
conditions of such Options (including the conditions to vesting and exercise
thereof) are the same as those provided in the Option Agreements. Any Options
available for grant by the Board of Directors in accordance with the preceding
sentence shall be allocated among the then employed Managing Founders and other
employees of the Company in accordance with the instructions of David Hoppmann;
provided, however, that if Mr. Hoppmann is not then employed by the Company,
such Options shall be allocated among the then employed Managing Founders pro
rata based upon the number of Managing Founders' Option Shares then beneficially
owned by such Managing Founders. In the event that a Managing Founder ceases to
own beneficially Option Shares or shares of Capital Stock, such Managing Founder
shall not be deemed to be a Managing Founder for any purpose hereunder.

                  (f) Financial and Business Information. From and after the
date hereof, the Company shall deliver to each of the QIP Investors and Infoseek
so long as (x) in the case of the QIP Investors, the QIP Investors beneficially
own, in the aggregate, securities representing at least 5% of the outstanding
voting securities of the Company and (y) in the case of Infoseek, Infoseek
beneficially owns securities representing at least 5% of the outstanding voting
securities of the Company:

                           (i)      Monthly and quarterly Statements - as soon
as practicable, and in any event within 10 days after the close of each month of
each fiscal year of the Company in the case of monthly statements and 30 days
after the close of each of the first three fiscal quarters of each fiscal year
of the Company in the case of quarterly statements, a consolidated balance
sheet, statement of income and statement of cash flows of the Company and any
subsidiaries as at the close of such month or quarter and covering operations
for such month or quarter, as the case may be, and the portion of the Company's
fiscal year ending on the last day of such month or quarter, all in reasonable
detail and prepared in accordance with GAAP, subject to audit and year-end

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adjustments, setting forth in each case in comparative form the figures for the
comparable period of the previous fiscal year. The Company shall also provide
comparisons of each pertinent item to the budget referred to in subsection (iii)
below.

                           (ii)     Annual Statements - as soon as practicable
after the end of each fiscal year of the Company, and in any event within 90
days thereafter, duplicate copies of:

                           A.       consolidated and consolidating balance
                           sheets of the Company and any subsidiaries at the end
                           of such year; and

                           B.       consolidated and consolidating statements of
                           income, stockholders' equity and cash flows of the
                           Company and any subsidiaries for such year, setting
                           forth in each case in comparative form the figures
                           for the previous fiscal year, all in reasonable
                           detail and accompanied by an opinion thereon of
                           independent certified public accountants of
                           recognized national standing selected by the Company,
                           which opinion shall state that such financial
                           statements fairly present the financial position of
                           the Company and any subsidiaries on a consolidated
                           basis and have been prepared in accordance with GAAP
                           (except for changes in application in which such
                           accountants concur) and that the examination of such
                           accountants in connection with such financial
                           statements has been made in accordance with generally
                           accepted auditing standards, and accordingly included
                           such tests of the accounting records and such other
                           auditing procedures as were considered necessary in
                           the circumstances, and the Company shall also provide
                           comparisons of each pertinent item to the budget
                           referred to in subsection (iii) below.

                           (iii)    Business Plan; Projections - no later than
10 days prior to the commencement of each fiscal year of the Company, an annual
business plan of the Company and projections of operating results, prepared on a
monthly basis, and a three year business plan of the Company and projections of
operating results. Within 45 days of the close of each semi-annual fiscal period
of the Company, the Company shall provide the QIP Investors and Infoseek with an
update of such monthly projections. Such business plans, projections and updates
shall contain such substance and detail and shall be in such form as will be
reasonably acceptable to the QIP Investors.

                           (iv)     Audit Reports - promptly upon receipt
thereof, one copy of each other financial report and internal control letter
submitted to the Company by independent

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accountants in connection with any annual, interim or special audit made by them
of the books of the Company.

                           (v)      Other Reports - promptly upon their becoming
available, one copy of each financial statement, report, notice or proxy
statement sent by the Company to stockholders generally, of each financial
statement, report, notice or proxy statement sent by the Company or any of its
subsidiaries to the SEC or any successor agency, if applicable, of each regular
or periodic report and any registration statement, prospectus or written
communication (other than transmittal letters) in respect thereof filed by the
Company or any subsidiary with, or received by such Person in connection
therewith from, any domestic or foreign securities exchange, the SEC or any
successor agency or any foreign regulatory authority performing functions
similar to the SEC, of any press release issued by the Company or any
subsidiary, and of any material of any nature whatsoever prepared by the SEC or
any successor agency thereto or any state blue sky or securities law commission
which relates to or affects in any way the Company or any subsidiary.

                           (vi)     Progress Report - prior to each regularly
scheduled meeting of the Board of Directors of the Company, a narrative report
shall be delivered to each of the QIP Investors and Infoseek describing the
Company's activities since the date of the last such report, including a
description of business development, operating results and marketing efforts.

                           (vii)    Requested Information - with reasonable
promptness, the Company shall furnish each of the QIP Investors with such other
data and information as from time to time may be reasonably requested.

                  SECTION 2. TRANSFERS OF STOCK

                  2.1. Restrictions on Transfer. (a) Except (i) in accordance
with Section 7 of the Securities Purchase Agreement or Section 3 of this
Agreement, (ii) in accordance with the Management Stock Subscription Agreements,
or (iii) in compliance with the provisions of Sections 2.1(b), 2.1(c), 2.2, 2.3,
2.4, 2.5 and 2.6 below, none of the Investors shall Transfer (as defined below)
in a single transaction or any series of related transactions, shares of any
class or series of the capital stock of the Company, including securities
convertible into or exchangeable for shares of capital stock of the Company
("Capital Stock"), or warrants or options to purchase shares of Capital Stock
("Options"). For purposes of this Agreement, a "Transfer" shall mean any direct
or indirect sale, gift, assignment or other disposition or transfer of shares of
Capital Stock or Options, or any interest therein, and any pledge or
hypothecation of shares of Capital Stock or Options, or any interest therein.

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                  (b) Notwithstanding the foregoing provisions of this Section
2, if any Investor (the "Transferor") desires to Transfer any securities of the
Company (the "Offered Securities"), such Investor shall first obtain a bona fide
written offer for such disposition from an independent and unrelated third
party. Upon receipt of such offer, the Transferor shall deliver to each of the
Company and the QIP Investors a written notice (the "Notice") setting forth the
terms and conditions for the disposition (which must be for cash) and the name
and address of the person making such offer, together with a copy of the offer.
The QIP Investors shall have the option to purchase all or part of the Offered
Securities upon the same terms and conditions set forth in the Notice. Such
option may be exercised by written notice (the "QIP Notice") delivered by QIP
within 15 days after receipt by the QIP Investors of the Notice. A notice of
exercise by the QIP Investors shall specify a time (not more than 30 days after
the date thereof) and a place of closing and the number of Offered Securities to
be purchased. If the QIP Investors shall not elect to purchase all of the
Offered Securities, the Company shall have the option to purchase all or part of
the Offered Securities not subscribed for by the QIP Investors upon the same
terms and conditions set forth in the Notice. Such option shall be exercised by
written notice (the "Company Notice") delivered by the Company to the Transferor
within 30 days after receipt by the Company of the Notice (the "30-day
period"). A notice of exercise by the Company shall specify a time (not more
than 30 days after the date thereof) and a place of closing and the number of
Offered Securities to be purchased. At closing, payment shall be made to the
Transferor by certified or bank cashier's check made payable to the order of the
Transferor, or by wire transfer of immediately available funds, against delivery
by the Transferor of certificates representing the Offered Securities, duly
endorsed for transfer, free and clear of all liens and encumbrances. If the
Company and the QIP Investors shall not elect to purchase the Offered
Securities, the Transferor may make a disposition of any Offered Securities not
purchased, but only to the person making the bona fide offer in accordance with
the terms and conditions of such offer; provided, however, that (i) such
disposition must occur within 90 days after the expiration of the 30-day period
and the acquirer must agree to be bound by all of the provisions of this
Agreement in accordance with Section 2.6 and (ii) the Transferor has first
complied with the provisions of Section 2.4. If such disposition has not been
consummated within such period, the Offered Securities shall again become
subject to all of the restrictions of this Agreement.

                  (c) The provisions of Sections 2.1(a) and (b), 2.2, 2.3 and
2.4 shall not apply to any Transfer (i) to, in the case of an Investor who is a
natural person, (A) the heirs, executors, administrators or personal
representatives of such Investor upon such Investor's death or (B) any trust for
the benefit of such Investor and/or the members of such Investor's immediate
family;

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(ii) to the Company; (iii) to, in the case of an Investor that is a corporation
or a partnership, its shareholders or partners, as the case may be, upon the
liquidation, dissolution or winding up of such Investor or to a partnership of
which an Affiliate of such Investor is the general partner; (iv) which may be
required by law or by a regulatory authority; or (v) in the case of the QIP
Investors, to an Affiliate (which, for this purpose, shall be deemed to include
any Person for which Soros Fund Management, L.L.C. or any of its Affiliates has
or exercise investment discretion) thereof.

                  2.2. Right of QIP Investors and Infoseek to Transfer. (a)
Notwithstanding the provisions of Section 2.1(b) hereof, the QIP Investors shall
have the right to Transfer shares of Capital Stock or Options at any time;
provided, however, that the QIP Investors' rights pursuant to this Section
2.2(a) are subject to Sections 2.3 and 2.4 hereof.

                  (b) Notwithstanding the provisions of Section 2.1(b) hereof,
Infoseek shall have the right to Transfer shares of Capital Stock or Options at
any time; provided, however, that Infoseek's rights pursuant to this Section
2.2(b) are subject to Sections 2.3, 2.4, 2.5 and 2.6 hereof.

                  2.3. Right of First Offer. (a) The QIP Investors and Infoseek
(the "Transferring Investors") shall, prior to selling, offering to sell or
soliciting any offers for the Transfer of shares of Capital Stock or Options,
give written notice to each of the other Investors (the "Non-Transferring
Investors") specifying the number of shares of Capital Stock that such
Transferring Investors desire to Transfer (the "Transfer Stock"). The notice
shall constitute an invitation to each of the other Investors to offer to
purchase a portion of the Transfer Stock for cash and/or marketable securities
equal to a percentage obtained by dividing (x) the number of shares of Common
Stock beneficially owned by such Non-Transferring Investor, by (y) the total
number of shares of Common Stock beneficially owned by the Non-Transferring
Investors in the aggregate.

                  (b) Upon receipt of a notice pursuant to Section 2.3(a), the
recipient thereof (the "Offeror") shall have a period of 30 days (the "Offer
Period") within which to submit a proposal (the "Proposal") to the Transferring
Investors to purchase all, but not less than all, of the Transfer Stock which
they are invited to purchase pursuant to Section 2.3(a). If all of the shares of
Transfer Stock offered to the Non-Transferring Investors are not fully
subscribed by such Non-Transferring Investors by the fifteenth day following
receipt of the notice delivered pursuant to Section 2.3(a), the remaining shares
of Transfer Stock will be reoffered to the Non-Transferring Investors offering
to purchase their full allotment upon the terms set forth in this Section
2.3(b), until all such shares of

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Transfer Stock are fully subscribed for or until the expiration of the Offer
Period.

                  (c) The Transferring Investors then shall have a period of ten
(10) days from the end of the Offer Period within which to respond in writing to
the Proposal. If the Transferring Investors accept the Proposal, the Offeror
and the Transferring Investors shall be bound to consummate the transaction in
accordance with the Proposal as promptly as practicable. If the Transferring
Investors accept the Proposal and the transaction is not consummated through no
fault of the Transferring Investors within 45 days of the acceptance of the
Proposal so delivered or if a Proposal to purchase all, but not less than all,
the Transfer Stock is not made by the Non-Transferring Investors in accordance
with the provisions of Section 2.3(b) prior to the expiration of the Offer
Period, the Transferring Investors shall, for a period of 180 days thereafter,
be free to Transfer the Transfer Stock in any manner and to any person
notwithstanding the provisions of Section 2.1, Sections 2.3(a) and 2.3(b) and
this Section 2.3(c). After such 180-day period, the Transferring Investors shall
not Transfer the Transfer Stock without again complying with the provisions of
this Section 2.3.

                  (d) In the event the Transferring Investors reject the
Proposal, the Transferring Investors may, within the 180 days after the
expiration of the Offer Period, Transfer the Transfer Stock but only for
consideration that is in the Transferring Investors' good faith reasonable
judgment more favorable to the Transferring Investors on an overall basis than
the consideration contained in the Proposal. The Transferring Investors may not,
following the expiration of such 180-day period following the expiration of the
Offer Period, Transfer the Transfer Stock without again complying with the
provisions of this Section 2.3.

                  2.4. Participation Rights. (a) No Investor may Transfer, in a
single transaction or series of related transactions, any shares of Capital
Stock unless (i) such Investor (the "Initiating Investor") shall have first
complied with the applicable provisions of Section 2.1(b) and 2.3 to the extent
required by such Sections and (ii) the terms and conditions of such Transfer
shall include an offer to each of the other Investors to include in such
Transfer, at the option of each such other Investor, such other Investor's
Participation Amount (as defined below) at the same price (subject to the
provisions following) and on the same terms and conditions applicable to the
shares of Capital Stock to be transferred by the Initiating Investor. An
"Investor's Participation Amount" shall mean an amount of shares equal to the
shares of Common Stock the third party actually proposes to purchase multiplied
by a fraction, the numerator of which shall be the number of shares of Common
Stock issued and owned by such Investor and the denominator of which shall be
the aggregate number of shares of Common Stock issued and owned by the
Initiating Investor and each

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Investor exercising its rights under this Section 2.4(a). In each case, each of
the Investors shall be entitled to a pro rata portion of the net sale proceeds
with respect to such transfer based upon the number of shares of Common Stock
included or deemed to be included in such Transfer.

                  (b) In the event that an Investor receives a bona fide offer
or offers from a third party to purchase or otherwise acquire shares of Capital
Stock the Transfer of which is not excepted from Section 2.1 (the "Participation
Offer"), the Investor shall then cause the Participation Offer to be reduced to
writing and shall give each of the other Investors written notice thereof (a
"Participation Notice"). Each Participation Notice shall contain a true and
correct copy of the Participation Offer and shall identify the third party, the
number of the shares of Capital Stock with respect to which an Investor has a
bona fide offer (the "Designated Shares"), the price per share at which the sale
is proposed to be made and all other material terms and conditions of the
Participation Offer. After the Initiating Investor shall have complied with the
provisions of Sections 2.1 and 2.3 hereof, to the extent applicable, each of the
other Investors shall have the right and option, within 10 days after the
Participation Notice is given to him (the "Participation Period"), to accept the
Participation Offer for the number of shares of Common Stock as determined
pursuant to Section 2.4(a). Each of the other Investors may exercise such option
by providing the Initiating Investor with timely written notice to that effect.
Such notice shall constitute an irrevocable acceptance of the Participation
Offer. For purposes of this Section 2.4, each person exercising such option
shall be referred to as a "Participating Shareholder".

                  (c) The Initiating Investor shall send notice to each of the
Participating Shareholders not less than 20 days prior to the date upon which
the Transfer pursuant to this Section 2.4 shall be consummated, which notice
shall contain the date, time and location of the closing. The Participating
Shareholders shall deliver at the closing to the Initiating Investor the
certificate or certificates or other instrument representing all of their shares
of Capital Stock to be included in such sale (the "Other Shares").

                  (d) If at the termination of the Participation Period any of
the Shareholders shall not have accepted the offer contained in the
Participation Notice, such person will be deemed to have waived any rights under
this Section 2.4 with respect to the Transfer of shares of Capital Stock of the
Company to such third party. The Initiating Investor shall have 90 days within
which to sell the Designated Shares and the Other Shares to the third party, at
a price equal to that contained in the Participation Notice and on the terms set
forth in the Participation Notice. If such sale does not occur within such
90-day period, the Initiating Investor shall not consummate such

                                      -12-
<PAGE>   13
sale without again complying with the provisions of this Section 2.4.

                  (e) The decision whether to effect a Transfer pursuant to this
Section 2.4 shall be in the sole and absolute discretion of the Initiating
Investor.

                  2.5. Drag-Along Rights. (i) If at any time and from time to
time the Company or the QIP Investors determine, in accordance with, and
pursuant to, the provisions of Section 7(b) of the Securities Purchase
Agreement, to sell the Company to a third party that is not an affiliate the QIP
Investors (the "Proposed Transferee"), the QIP Investors shall have the right
("Drag-Along Right") to require each of Infoseek and each of the Managing
Founders to sell to the Proposed Transferee all shares of Capital Stock and
Options then owned by each of the Managing Founders and Infoseek, upon the same
terms and conditions and concurrently with the sale by the QIP Investors of
their shares of Capital Stock. Each Investor agrees to take all steps necessary
to enable him or it to comply with the provisions of this Section 2.5, to
facilitate the QIP Investors' exercise of its Drag-Along Right.

                  (ii) To exercise a Drag-Along Right, the QIP Investors shall
give each Investor a written notice (a "Drag-Along Notice") containing (a) the
name and address of the Proposed Transferee and (b) the proposed purchase price,
terms of payment and other material terms and conditions of the Proposed
Transferee's offer. Each Investor shall thereafter be obligated to sell the
shares of Capital Stock and Options subject to such Drag-Along Notice.

                  (iii) If the QIP Investors determine to exercise their rights,
in accordance with Section 2.5 hereof, to require each of Infoseek and each of
the Managing Founders to sell all shares of Capital Stock and Options then owned
by each of Infoseek and each of the Managing Founders, then the QIP Investors in
their sole discretion have the right to determine that a sale of all or
substantially all of the assets of the Company, a voluntary liquidation of the
Company or a merger of the Company (each a "sale of the Company") is preferable
to a sale of all of the capital stock of the Company, whereupon the QIP
Investors shall give written notice to Infoseek and each of the Managing
Founders of the QIP Investors' determination to cause a sale of the Company (a
"Sale Notice"). Upon receipt of such Sale Notice, each of Infoseek and each of
the Managing Founders agree to use their good faith efforts to cooperate with
the QIP Investors in effecting a sale of the Company, including, without
limitation, voting shares of capital stock of the Company beneficially owned by
them in favor of or granting written consent to a sale of the Company and using
their best efforts to cause all directors designated by either of the Managing
Founders

                                      -13-
<PAGE>   14
to vote in favor of or granting written consent to a sale of the Company.

                  2.6. Certain Conditions to Stock Issuances and Transfers. No
Transfer of Capital Stock or Options owned by Investors party to this Agreement
shall be valid or recorded in the Company's stock transfer books unless the
transferees of such Capital Stock or Options shall have furnished to the Company
(a) the written agreement of the transferee to be bound by the terms and
conditions of (i) this Section 2.6 and, to the extent applicable, Section 2.7
(as if such transferee were a party hereto) or (ii) in the case of a transferee
contemplated by clause (i), (ii) or (iii) of Section 2.1(c), all of the terms
and conditions of this Section 2, applicable to the transferor immediately prior
to such Transfer, (b) unless waived by the Company's Board of Directors, a
written opinion of counsel (which opinion shall be reasonably satisfactory to
the Company) that the proposed Transfer may be effected without registration
under the Securities Act and (c) a written agreement to the effect that the
transferee is acquiring such Capital Stock for his own account, for investment,
and not with a view to, or for sale in connection with, the distribution
thereof, and such transferee understands that such Capital Stock has not been
registered under the Securities Act and that such Capital Stock must be held
indefinitely unless a subsequent disposition thereof is registered under the
Securities Act or exempt from the registration requirements thereof.

                  2.7. Representations and Warranties of Each Investor. Each
Investor represents and warrants to the Company and each other Investor solely
as to such Investor:

                  (a) if such Investor is not an individual, it is a validly
existing partnership, corporation or trust as indicated on the signature page of
this Agreement.

                  (b) if such Investor is not an individual, the execution,
delivery and performance by such Investor of this Agreement have been duly
authorized.

                  (c) if the Investor is an individual, he has full power and
authority to enter into this Agreement.

                  (d) the agreements set forth in this Agreement constitute
valid and binding obligations of such Investor.

                  (e) the execution, delivery and performance of this Agreement
by such Investor will not (i) violate any provision of law, any order of any
court or other agency of government applicable to such Investor, any provision
of any note, bond, mortgage, indenture, license, lease, contract, agreement or
other instrument or obligation to which such Investor or such Investor's
properties or assets are bound or, if such Investor is not an individual, the
organizational documents of such Investor

                                      -14-
<PAGE>   15

or (ii) conflict with, result in a breach of or constitute (with due notice or
lapse of time or both) a default under any such note, bond, mortgage, indenture,
license, lease, contract, agreement or other instrument or obligation, or result
in the creation or imposition of any lien, charge, restriction, claim or
encumbrance of any nature upon any of the securities of the Company owned by
such Investor.

                  2.8. Injunctive Relief. The Company and the Investors hereby
declare that it is impossible to measure in money the damages which will accrue
to the parties hereto by reason of the failure of any Investor to perform any of
its obligations set forth in this Section 2. Therefore, the Company and the
Investors shall have the right to specific performance of such obligations, and
if any party hereto shall institute any action or proceeding to enforce the
provisions hereof, each of the Company and the Investors hereby waives the claim
or defense that the party instituting such action or proceeding has an adequate
remedy at law. Such remedies shall, however, be cumulative and not exclusive and
shall be in addition to any other remedies which any party may have under this
Agreement or otherwise.

                  2.9. Termination. The provisions of Section 2 shall terminate
upon the closing of, and shall not apply to the Transfer of shares of Capital
Stock pursuant to, an IPO.

                  SECTION 3. REGISTRATION RIGHTS

                  3.1. Definitions.

                  As used in this Section 3:

                  (a) the terms "register," "registered" and "registration"
refer to a registration effected by preparing and filing a registration
statement in compliance with the Securities Act (and any post-effective
amendments filed or required to be filed) and the declaration or ordering of
effectiveness of such registration statement;

                  (b) the term "Registrable Securities" means (i) the Shares (as
defined in the Securities Purchase Agreement), (ii) any additional shares of
Common Stock acquired by the QIP Investors and (iii) any capital stock of the
Company issued as a dividend or other distribution with respect to, or in
exchange for or in replacement of, the shares of Common Stock referred to in
clause (i) or (ii);

                  (c) the term "Registrable Inside Securities" means (i) any
shares of Common Stock then held by Infoseek or the Managing Founders and (ii)
any capital stock of the Company issued as a dividend or other distribution
with respect to, or in exchange for or in replacement of, the shares of Common
Stock referred to in clause (i);

                                      -15-
<PAGE>   16

         (d) the term "Holder" shall mean any holder of Registrable Securities;

         (e) the term "Inside Holder" shall mean any holder of Registrable
Inside Securities;

         (f) the term "Initiating Holder" shall mean any Holder or Holders who
in the aggregate are Holders of more than 50% of the then outstanding
Registrable Securities;

         (g) "Registration Expenses" shall mean all expenses incurred by the
Company in compliance with Sections 3.2 and 3.3 hereof, including, without
limitation, all registration and filing fees, listing fees, printing expenses,
fees and disbursements of counsel for the Company, fees and expenses of one
counsel for all the Holders, blue sky fees and expenses and the expense of any
special audits incident to or required by any such registration (but excluding
the compensation of regular employees of the Company, which shall be paid in any
event by the Company); and

         (h) "Selling Expenses" shall mean all underwriting discounts and
selling commissions applicable to the sale of Registrable Securities and the
Registrable Inside Securities and all fees and disbursements of counsel for
each of the Holders or Inside Holders other than fees and expenses of one
counsel for all the Holders.

         3.2. Requested Registration.

         (a) At any time following an initial public offering of the Common
Stock, or any security issued in exchange for or as replacement of the Common
Stock pursuant to a registration under the Securities Act (the "IPO"), if the
Company shall receive from an Initiating Holder a written request that the
Company effect any registration with respect to all or a part of the Registrable
Securities, the Company will:

         (i) promptly give written notice of the proposed registration,
         qualification or compliance to all other Holders of Registrable
         Securities and all Inside Holders of Registrable Inside Securities; and

         (ii) as soon as practicable, use its diligent best efforts to effect
         such registration (including, without limitation, the execution of an
         undertaking to file post-effective amendments, appropriate
         qualification under applicable blue sky or other state securities laws
         and appropriate compliance with applicable regulations issued under the
         Securities Act) as may be so requested and as would permit or
         facilitate the sale and distribution of all or such portion of such
         Registrable Securities as are specified in such request, together with
         all or such portion of the

                                      -16-
<PAGE>   17

         Registrable Securities and Registrable Inside Securities of any Holders
         or Inside Holders joining in such request as are specified in a written
         request received by the Company within 10 business days after written
         notice from the Company is given under Section 3.2(a)(i) above;
         provided that the Company shall not be obligated to effect, or take any
         action to effect, any such registration pursuant to this Section 3.2:

                  A. In any particular jurisdiction in which the Company would
                  be required to execute a general consent to service of process
                  in effecting such registration, qualification or compliance,
                  unless the Company is already subject to service in such
                  jurisdiction and except as may be required by the Securities
                  Act or applicable rules or regulations thereunder;

                  B. After the Company has effected three (3) such registrations
                  pursuant to this Section 3.2 and such registrations have been
                  declared or ordered effective and the sales of such
                  Registrable Securities shall have closed; or

                  C. If the Registrable Securities and Registrable Inside
                  Securities requested by all Holders and Inside Holders to be
                  registered pursuant to such request have an anticipated
                  aggregate public offering price (before any underwriting
                  discounts and commissions) (the "Aggregate Offering Price") of
                  less than $5,000,000.

         The registration statement filed pursuant to the request of the
Initiating Holders may, subject to the provisions of Section 3.2(b) below,
include other securities of the Company or securities which are held by Persons
who, by virtue of agreements with the Company, are entitled to include their
securities in any such registration.

         The registration rights set forth in this Section 3 shall be
assignable, in whole or in part, to any transferee of Common Stock (who shall be
bound by all obligations of this Section 3).

         (b) If the Initiating Holders intend to distribute the Registrable
Securities covered by their request by means of an underwriting, they shall so
advise the Company as a part of their request made pursuant to Section 3.2.

         If holders of securities of the Company other than Registrable
Securities who are entitled, by contract with the Company or otherwise, to have
securities included in such a registration (the "Other Shareholders") request
such inclusion, the Holders shall offer to include the securities of such Other

                                      -17-
<PAGE>   18

Shareholders in the underwriting and may condition such offer on their
acceptance of the further applicable provisions of this Section 3. The Holders
and Inside Holders whose shares are to be included in such registration and the
Company shall (together with all Other Shareholders proposing to distribute
their securities through such underwriting) enter into an underwriting agreement
in customary form with the representative of the underwriter or underwriters
selected for such underwriting by the Initiating Holders and reasonably
acceptable to the Company. Notwithstanding any other provision of this Section
3.2, if the representative advises the Holders in writing that marketing factors
require a limitation on the number of shares to be underwritten, the securities
of the Company held by Other Shareholders, other than the Inside Holders, shall
be excluded from such registration to the extent so required by such limitation.
If, after the exclusion of such shares, further reductions are still required,
the number of shares included in the registration by each Inside Holder shall be
reduced on a pro rata basis (based on the number of shares held by such Inside
Holder) by such minimum number of shares as is necessary to comply with such
request. If, after the exclusion of such shares, further reductions are still
required, the number of shares included in the registration by each Holder shall
be reduced on a pro rata basis (based on the number of shares held by such
Holder), by such minimum number of shares as is necessary to comply with such
request. No Registrable Securities or any other securities excluded from the
underwriting by reason of the underwriter's marketing limitation shall be
included in such registration. If any of the Holders or any Other Shareholder
who has requested inclusion in such registration as provided above disapproves
of the terms of the underwriting, such person may elect to withdraw therefrom by
written notice to the Company, the underwriter and the Initiating Holders. The
securities so withdrawn shall also be withdrawn from registration. If the
underwriter has not limited the number of Registrable Securities to be
underwritten, the Company may include its securities for its own account in
such registration if the representative so agrees and if the number of
Registrable Securities and Registrable Inside Securities which would otherwise
have been included in such registration and underwriting will not thereby be
limited.

         3.3. Company Registration.

         (a) If the Company shall determine to register any of its equity
securities either for its own account or for the account of a security holder or
holders exercising their respective demand registration rights, other than a
registration relating solely to employee benefit plans, or a registration on
Form S-4 or any similar or successor form relating solely to a SEC Rule 145
transaction, or a registration on Form S-8 or any similar or successor form, or
any registration form which does not permit secondary sales, the Company will:

                                      -18-
<PAGE>   19

         (i) promptly give to each of the Holders and the Inside Holders a
         written notice thereof (which shall include a list of the jurisdictions
         in which the Company intends to attempt to qualify such securities
         under the applicable blue sky or other state securities laws); and

         (ii) include in such registration (and any related qualification under
         blue sky laws or other compliance), and in any underwriting involved
         therein, all the Registrable Securities and Registrable Inside
         Securities specified in a written request or requests, made by the
         Holders and the Inside Holders within fifteen days after receipt of the
         written notice from the Company described in clause (i) above, except
         as set forth in Section 3.3(b) below. Such written request may specify
         all or a part of the Holders' Registrable Securities or the Inside
         Holders' Registrable Inside Securities.

         (b) If the registration pursuant to this Section 3.3 involves an
underwritten offering of the securities being registered, whether or not for
sale for the account of the Company, to be distributed (on a firm commitment
basis) by or through one or more underwriters of recognized national or regional
standing under underwriting terms appropriate for such a transaction, the
Company shall so advise each of the Holders and Inside Holders as a part of the
written notice given pursuant to Section 3.3(a) (i). In such event, the right
of each of the Holders and Inside Holders to registration pursuant to this
Section 3.3 shall be conditioned upon such Holders' or Inside Holders', as the
case may be, participation in such underwriting and the inclusion of such
Holders' or Inside Holders', as the case may be, Registrable Securities or
Registrable Inside Securities, as the case may be, in the underwriting to the
extent provided herein. The Holders and Inside Holders whose shares are to be
included in such registration shall (together with the Company and the Other
Shareholders distributing their securities through such underwriting) enter into
an underwriting agreement in customary form with the representative of the
underwriter or underwriters selected for underwriting by the Company.
Notwithstanding any other provision of this Section 3.3, if the representative
determines in good faith that marketing factors require a limitation on the
number of shares to be underwritten, the Company shall so advise all holders of
securities requesting registration, and the number of shares of securities that
are entitled to be included in the registration and underwriting shall be
allocated in the following manner: the number of securities that may be included
in the registration and underwriting by each of the Holders and Inside Holders
and the Other Shareholders shall be reduced, on a pro rata basis (based on the
number of shares held by such holder), by such minimum number of shares as is
necessary to comply with such limitation; provided, however, that in the case of
a registration pursuant to

                                      -19-
<PAGE>   20

Section 3.2 hereof, any limitation on the number of shares to be included in
such registration shall be governed by the provisions of Section 3.2(b). If any
of the Holders, Inside Holders or any Other Shareholders disapproves of the
terms of any such underwriting, such person may elect to withdraw therefrom by
written notice to the Company and the underwriter. Any Registrable Securities or
other securities excluded or withdrawn from such underwriting shall be withdrawn
from such registration.

         3.4. Form S-3.

         (a) Following the IPO the Company shall use its best efforts to qualify
for registration on Form S-3 for secondary sales. After the Company has
qualified for the use of Form S-3, Holders of Registrable Securities shall have
the right to request up to four registrations on Form S-3 (such requests shall
be in writing and shall state the number of shares of Registrable Securities to
be disposed of and the intended method of disposition of shares by such
Holders), subject only to the following:

         (i) The Company shall not be required to effect a registration pursuant
         to this Section 3.4 unless the Holder or Holders of Registrable
         Securities requesting registration propose to dispose of shares of
         Registrable Securities having an Aggregate Offering Price of more than
         $2,500,000.

         (ii) The Company shall not be required to effect a registration
         pursuant to this Section 3.4 within 180 days of the effective date of
         the most recent registration pursuant to this Section 3 in which
         securities held by the requesting Holder could have been included for
         sale or distribution.

         (iii) The Company shall not be obligated to effect any registration
         pursuant to this Section 3.4 in any particular jurisdiction in which
         the Company would be required to execute a general consent to service
         of process in effecting such registration, qualification or compliance,
         unless the Company is already subject to service in such jurisdiction
         and except as may be required by the Securities Act or applicable rules
         or regulations thereunder.

         (b) The Company shall give written notice to all Holders of Registrable
Securities of the receipt of a request for registration pursuant to this Section
3.4 and shall provide a reasonable opportunity for other Holders of Registrable
Securities to participate in the registration, provided that if the
registration is for an underwritten offering, the terms of Section 3.2(b) shall
apply to all participants in such offering. Subject to the foregoing, the
Company will use its best efforts to effect promptly the registration of all
shares of Registrable

                                      -20-
<PAGE>   21

Securities on Form S-3 to the extent requested by the Holder or Holders thereof
for purposes of disposition.

         3.5. Expenses of Registration.

         All Registration Expenses incurred in connection with any registration,
qualification or compliance pursuant to this Section 3 shall be borne by the
Company, and all Selling Expenses shall be borne by the Holders and Inside
Holders of the securities so registered pro rata on the basis of the number of
their shares so registered; provided, however, that the Company shall not be
required to pay any Registration Expenses if, as a result of the withdrawal of a
request for registration by any of the Holders, Inside Holders or Other
Shareholders, as applicable, the registration statement does not become
effective, in which case each of the Holders, Inside Holders and Other
Shareholders requesting registration, including such holder(s) so withdrawing,
shall bear such Registration Expenses pro rata on the basis of the number of
their shares so included in the registration request, and provided further that
such registration shall not be counted as a registration pursuant to Section
3.2(a) (ii) (B) or 3.4.

         3.6. Registration Procedures.

         In the case of each registration effected by the Company pursuant to
this Section 3, the Company will keep the Holders and Inside Holders, as
applicable, advised in writing as to the initiation of each registration and as
to the completion thereof. At its expense, the Company will:

         (i) keep such registration effective for a period of 180 days or until
         the Holders and Inside Holders, as applicable, have completed the
         distribution described in the registration statement relating thereto,
         whichever first occurs; provided, however, that (A) such 180-day
         period shall be extended for a period of time equal to the period
         during which the Holders and Inside Holders, as applicable, refrain
         from selling any securities included in such registration in accordance
         with provisions in Section 3.10 hereof; and (B) in the case of any
         registration of Registrable Securities on Form S-3 which are intended
         to be offered on a continuous or delayed basis, such 180-day period
         shall be extended until all such Registrable Securities are sold;
         provided that Rule 415, or any successor rule under the Securities Act,
         permits an offering on a continuous or delayed basis, and provided
         further that applicable rules under the Securities Act governing the
         obligation to file a post-effective amendment permit, in lieu of filing
         a post-effective amendment which (y) includes any prospectus required
         by Section 10(a) of the Securities Act or (z) reflects facts or events
         representing a material or fundamental change in the

                                      -21-
<PAGE>   22

         information set forth in the registration statement, the incorporation
         by reference of information required to be included in (y) and (z)
         above to be contained in periodic reports filed pursuant to Section 12
         or 15(d) of the Exchange Act in the registration statement; and

         (ii) furnish such number of prospectuses and other documents incident
         thereto as each of the Holders, as applicable, from time to time may
         reasonably request.

         3.7. Indemnification.

         (a) The Company will indemnify each of the Holders and Inside Holders,
as applicable, each of their respective officers, directors, members and
partners, and each person controlling each of the Holders or Inside Holders, as
the case may be, with respect to each registration which has been effected
pursuant to this Section 3, and each underwriter, if any, and each person who
controls any underwriter, against all claims, losses, damages and liabilities
(or actions in respect thereof) arising out of or based on any untrue statement
(or alleged untrue statement) of a material fact contained in any prospectus,
offering circular or other document (including any related registration
statement, notification or the like) incident to any such registration,
qualification or compliance, or based on any omission (or alleged omission) to
state therein a material fact required to be stated therein or necessary to make
the statements therein, in light of the circumstances in which they were made,
not misleading, or any violation by the Company of the Securities Act or any
rule or regulation thereunder applicable to the Company and relating to action
or inaction required of the Company in connection with any such registration,
qualification or compliance, and will reimburse each of the Holders and Inside
Holders, each of their respective officers, directors and partners, and each
person controlling each of the Holders or Inside Holders, each such underwriter
and each person who controls any such underwriter, for any legal and any other
expenses reasonably incurred in connection with investigating and defending any
such claim, loss, damage, liability or action, provided that the Company will
not be liable in any such case to the extent that any such claim, loss, damage,
liability or expense arises out of or is based on any untrue statement or
omission based upon written information furnished to the Company by the Holders,
Inside Holders or underwriter and stated to be specifically for use therein.

         (b) Each of the Holders and Inside Holders will, if Registrable
Securities held by it are included in the securities as to which such
registration, qualification or compliance is being effected, indemnify the
Company, each of its directors and officers and each underwriter, if any, of the
Company's securities covered by such a registration statement, each person who
controls the Company or such underwriter, each other Holder, Inside Holder and
Other Shareholder and each of their officers, directors, and partners, and each
person controlling such other

                                      -22-
<PAGE>   23

Holder, Inside Holder and Other Shareholder against all claims, losses, damages
and liabilities (or actions in respect thereof) arising out of or based on any
untrue statement (or alleged untrue statement) of a material fact contained in
any such registration statement, prospectus, offering circular or other document
made by such Holder or Inside Holder, as the case may be, or any omission (or
alleged omission) to state therein a material fact required to be stated therein
or necessary to make the statements by such Holder or Inside Holder, as the
case may be, therein not misleading, and will reimburse the Company and such
other Holder, Inside Holder and Other Shareholders, directors, officers,
partners, persons, underwriters or control persons for any legal or any other
expenses reasonably incurred in connection with investigating or defending any
such claim, loss, damage, liability or action, in each case to the extent, but
only to the extent, that such untrue statement (or alleged untrue statement) or
omission (or alleged omission) is made in such registration statement,
prospectus, offering circular or other document in reliance upon and in
conformity with written information furnished to the Company by such Holder or
Inside Holder, as the case may be, and stated to be specifically for use
therein; provided, however, that the obligations of each of the Holders and
Inside Holders hereunder and under Section 3.7(d) shall be limited to an amount
equal to the net proceeds to such Holder of securities sold as contemplated
herein.

         (c) Each party entitled to indemnification under this Section 3.7 (the
"Indemnified Party") shall give notice to the party required to provide
indemnification (the "Indemnifying Party") promptly after such Indemnified
Party has actual knowledge of any claim as to which indemnity may be sought, and
shall permit the Indemnifying Party to assume the defense of any such claim or
any litigation resulting therefrom; provided that counsel for the Indemnifying
Party, who shall conduct the defense of such claim or any litigation resulting
therefrom, shall be approved by the Indemnified Party (whose approval shall not
unreasonably be withheld) and the Indemnified Party may participate in such
defense at such party's expense (unless the Indemnified Party shall have
reasonably concluded that there may be a conflict of interest between the
Indemnifying Party and the Indemnified Party in such action, in which case the
fees and expenses of counsel shall be at the expense of the Indemnifying Party),
and provided further that the failure of any Indemnified Party to give notice as
provided herein shall not relieve the Indemnifying Party of its obligations
under this Section 3 unless the Indemnifying Party is materially prejudiced
thereby. No Indemnifying Party, in the defense of any such claim or litigation
shall, except with the consent of each Indemnified Party, 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. Each Indemnified Party shall furnish such information regarding
itself or the claim in question as an

                                      -23-
<PAGE>   24

Indemnifying Party may reasonably request in writing and as shall be reasonably
required in connection with the defense of such claim and litigation resulting
therefrom.

         (d) If the indemnification provided for in this Section 3.7 is held by
a court of competent jurisdiction to be unavailable to an Indemnified Party with
respect to any loss, liability, claim, damage or expense referred to herein,
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 is 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 which 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 (or alleged 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.

         (e) Notwithstanding the foregoing, to the extent that the provisions on
indemnification and contribution contained in the underwriting agreement entered
into in connection with any underwritten public offering contemplated by this
Agreement are in conflict with the foregoing provisions, the provisions in such
underwriting agreement shall be controlling.

         (f) The foregoing indemnity agreement of the Company and the Holders is
subject to the condition that, insofar as they relate to any loss, claim,
liability or damage made in a preliminary prospectus but eliminated or remedied
in the amended prospectus on file with the SEC at the time the registration
statement in question becomes effective or the amended prospectus filed with the
SEC pursuant to SEC Rule 424(b) (the "Final Prospectus"), such indemnity
agreement shall not inure to the benefit of any underwriter if a copy of the
Final Prospectus was furnished to the underwriter and was not furnished to the
person asserting the loss, liability, claim or damage at or prior to the time
such action is required by the Securities Act.

         3.8. Information by the Holders and Inside Holders.

         Each of the Holders and Inside Holders holding securities included in
any registration shall furnish to the Company such information regarding such
Holder or Inside Holder and the distribution proposed by such Holder or Inside
Holder as the Company may reasonably request in writing and as shall be

                                      -24-
<PAGE>   25

reasonably required in connection with any registration, qualification or
compliance referred to in this Section 3.

         3.9. Rule 144 Reporting.

         With a view to making available the benefits of certain rules and
regulations of the SEC which may permit the sale of restricted securities to the
public without registration, the Company agrees to:

         (i) make and keep public information available as those terms are
         understood and defined in Rule 144, at all times from and after ninety
         (90) days following the effective date of the first registration under
         the Securities Act filed by the Company for an offering of its
         securities to the general public;

         (ii) use its best efforts to file with the SEC in a timely manner all
         reports and other documents required of the Company under the
         Securities Act and the Exchange Act at any time after it has become
         subject to such reporting requirements; and

         (iii) so long as the Holder owns any Registrable Securities, furnish to
         the Holder, upon request, a written statement by the Company as to its
         compliance with the reporting requirements of Rule 144 (at any time
         from and after ninety (90) days following the effective date of the
         first registration statement filed by the Company for an offering of
         its securities to the general public) and of the Securities Act and the
         Exchange Act (at any time after it has become subject to such reporting
         requirements), a copy of the most recent annual or quarterly report of
         the Company, and such other reports and documents so filed as the
         Holder may reasonably request in availing itself of any rule or
         regulation of the SEC allowing the Holder to sell any such securities
         without registration.

         3.10. "Market Stand-off" Agreement.

         Each of the Holders and Inside Holders agrees, if requested by the
Company and an underwriter of Common Stock (or other securities) of the
Company, not to sell or otherwise transfer or dispose of any Common Stock (or
other securities) of the Company held by such Holder during such period as the
underwriter may reasonably require, such period not to exceed 180 days following
the effective date of a registration statement of the Company filed under the
Securities Act, provided that:

         (a) such agreement only applies to the IPO; and

         (b) all officers and directors of the Company enter into similar
agreements.

                                      -25-
<PAGE>   26

         If requested by the underwriters, the Holders shall execute a separate
agreement to the foregoing effect. The Company may impose stop-transfer
instructions with respect to the shares (or securities) subject to the foregoing
restriction until the end of said period. The provisions of this Section 3.10
shall be binding upon any transferee who acquires Registrable Securities,
whether or not such transferee is entitled to the registration rights provided
hereunder.

         3.11. Termination.

         The registration rights set forth in this Section 3 shall not be
available to any Holder if, in the opinion of counsel to the Company, all of the
Registrable Securities then owned by such Holder could be sold in any 90-day
period pursuant to Rule 144 under the Securities Act (without giving effect to
the provisions of Rule 144(k)).

         3.12. Assignment.

         The registration rights set forth in this Section 3 hereof may be
assigned, in whole or in part, to any transferee of Registrable Securities (who
shall be considered thereafter to be a Holder and shall be bound by all
obligations and limitations of this Agreement).

         3.13. No Inconsistent Agreements.

         The Company will not hereafter enter into any agreement with respect to
its securities which is inconsistent with the rights granted to the Holders of
Registrable Securities in this Agreement.

         SECTION 4. SUBSCRIPTION RIGHTS

         (a) If at any time after the date hereof and prior to the IPO, the
Company proposes to issue equity securities of any kind (the term "equity
securities" shall include for these purposes any warrants, options or other
rights to acquire equity securities and debt securities convertible into equity
securities) of the Company (other than the issuance of securities (i) to the
public in a firm commitment underwriting pursuant to a registration statement
filed under the Securities Act, (ii) pursuant to the acquisition of another
corporation by the Company by merger, purchase of substantially all of the
assets or other form of reorganization or (iii) pursuant to an employee or
director stock option plan, stock bonus plan, stock purchase plan or other
management equity program), then, as to each of the QIP Investors and Infoseek,
the Company shall:

                  (i) give written notice setting forth in reasonable detail
(1) the designation and all of the terms and provisions of the securities
proposed to be issued (the "Proposed Securities"), including, where applicable,
the voting powers,

                                      -26-
<PAGE>   27

preferences and relative participating, optional or other special rights, and
the qualification, limitations or restrictions thereof and interest rate and
maturity; (2) the price and other terms of the proposed sale of such securities;
(3) the amount of such securities proposed to be issued; and (4) such other
information as the QIP Investors or Infoseek may reasonably request in order to
evaluate the proposed issuance; and

                  (ii) offer to issue to each of the QIP Investors and Infoseek
upon the terms described in subparagraph (i) above a portion of the Proposed
Securities (the "Subscription Securities") equal to a percentage determined by
dividing (x) the number of shares of common stock beneficially owned by such
holder of securities, by (y) the total number of shares of Common Stock
beneficially owned (within the meaning of Rule 13d-3 under the Exchange Act) by
all holders of Common Stock immediately preceding the issuance of the Proposed
Securities.

         (b) Each of Infoseek and the QIP Investors must exercise its purchase
rights hereunder within ten (10) days after receipt of such notice from the
Company. If all of the Subscription Securities offered to the QIP Investors and
Infoseek are not fully subscribed by the QIP Investors or Infoseek, the
remaining Subscription Securities will be reoffered to the Investors purchasing
their full allotment upon the terms set forth in this Section 4, until all such
Subscription Securities are fully subscribed for or until the QIP Investors and
Infoseek have subscribed for all such Subscription Securities which they desire
and are entitled to purchase, except that such Investors must exercise their
purchase rights within five days after receipt of all such reoffers. To the
extent that the Company offers two or more securities in units, the Investors
must purchase such units as a whole and will not be given the opportunity to
purchase only one of the securities making up such unit.

         (c) Upon the expiration of the offering periods described above, the
Company will be free to sell such Subscription Securities that the QIP Investors
and Infoseek have not elected to purchase during the 180 days following such
expiration on terms and conditions no more favorable to the purchasers thereof
than those offered to such Investors. Any Subscription Securities offered or
sold by the Company after such 180 day period must be reoffered to the Holders
of the Securities pursuant to this Section 4.

         (d) The election by either of the QIP Investors or Infoseek not to
exercise their subscription rights under this Section 4 in any one instance
shall not affect their respective rights (other than in respect of a reduction
in their percentage holdings) as to any subsequent proposed issuance. Any sale
of such securities by the Company without first giving the QIP Investors and
Infoseek the rights described in this Section 4 shall be void and of no force
and effect.

                                      -27-
<PAGE>   28

         SECTION 5. INTERPRETATION OF THIS AGREEMENT

         (a) Directly or Indirectly. Where any provision in this Agreement
refers to action to be taken by any Person, or which such Person is prohibited
from taking, such provision shall be applicable whether such action is taken
directly or indirectly by such Person.

         (b) Governing Law. This Agreement shall be governed by and construed in
accordance with the laws of the State of New York applicable to contracts made
and to be performed entirely within such State.

         (c) Section Headings. The headings of the sections and subsections of
this Agreement are inserted for convenience only and shall not be deemed to
constitute a part thereof.

         SECTION 6. MISCELLANEOUS

         (a) Subsequent Shareholders. This Agreement shall be fully applicable
to (i) all shares of Capital Stock or Options owned by the parties hereto,
whether now owned or hereafter acquired, (ii) all who subsequently acquire a
community property or any other interest in any such shares of Capital Stock or
Options subject to this Agreement and (iii) any of the shares of Capital Stock
and Options subject to this Agreement transferred by a party hereto to any other
person contemplated by Section 2.6; provided that the provisions of Section 2
hereto shall only apply to such transferee to the extent contemplated by such
Section 2.6. Any person acquiring an interest in Capital Stock and Options
subject to this Agreement, to the extent contemplated by Section 2.6, and every
spouse of an Investor, whether or not it is believed that such spouse has or may
acquire an interest in Capital Stock and Options, shall execute and deliver to
the Company a separate Shareholder Agreement in the form of this Agreement
pursuant to which such person acknowledges that he or she is bound by all of the
terms and provisions of this Agreement; provided, however, that the failure to
execute and deliver such a Shareholder Agreement shall not be deemed to relieve
such person of the restrictions imposed by this Agreement. Any attempted
dispositions in breach of this Agreement shall be void.

         (b) Notices. (i) All communications under this Agreement shall be in
writing and shall be delivered by hand or mailed by overnight courier or by
registered or certified mail, postage prepaid:

                  (1) if to the QIP Investors, c/o Soros Fund Management LLC at
         888 Seventh Avenue, Suite 3300, New York, New York 10106, marked for
         attention of Michael C. Neus, Esq., or at such other address as the QIP
         Investors may have furnished the Company in writing,

                                      -28-
<PAGE>   29

                                 with a copy to:
                                 Willkie Farr & Gallagher
                                 One Citicorp Center
                                 153 East 53rd Street
                                 New York, New York 10022
                                 Attn: Christopher E. Manno, Esq.
                                 Facsimile: 212-821-8111, or

                  (2) if to Infoseek, at 1399 Moffett Park Drive, Sunnyvale,
         California 94089-1134, marked for the attention of General Counsel, or
         at such other address as it may have furnished the Company in writing,

                  (3) if to the Company, at 1199 North Fairfax Street, Suite
         800, Alexandria, Virginia 22314, marked for attention of David C.
         Hoppmann, or at such other address as it may have furnished in writing
         to the Investors,

                                 with a copy to:
                                 Fulbright & Jaworski L.L.P.
                                 Market Square
                                 801 Pennsylvania Avenue, N.W.
                                 Washington, D.C. 20004
                                 Attn: Steve Feldhaus, Esq.
                                 Facsimile: 202-662-4643, or

                  (4) if to any of the Managing Founders, at the address of such
         Managing Founder shown on Schedule II, or at such other address as the
         Managing Founder may have furnished the Company in writing; and

                  (i) Any notice so addressed shall be deemed to be given: if
delivered by hand, on the date of such delivery; if mailed by courier, on the
first business day following the date of such mailing; and if mailed by
registered or certified mail, on the third business day after the date of such
mailing.

         (c) Reproduction of Documents. This Agreement and all documents
relating thereto, including, without limitation, (i) consents, waivers and
modifications which may hereafter be executed, (ii) documents received by each
Investor pursuant hereto and (iii) financial statements, certificates and other
information previously or hereafter furnished to each Investor, may be
reproduced by each Investor by a photographic, photostatic, microfilm,
microcard, miniature photographic or other similar process, and each Investor
may destroy any original document so reproduced. All parties hereto agree and
stipulate that any such reproduction shall be admissible in evidence as the
original itself in any judicial or administrative proceeding (whether or not the
original is in existence and whether or not such reproduction was made by each
Investor in the regular course of business) and that any enlargement, facsimile
or further reproduction of such reproduction shall likewise be admissible in
evidence.

                                      -29-
<PAGE>   30

         (d) Successors and Assigns. This Agreement shall inure to the benefit
of and be binding upon the successors and assigns of each of the parties.

         (e) Entire Agreement; Amendment and Waiver. This Agreement constitutes
the entire understanding of the parties hereto relating to the subject matter
hereof and supersede all prior agreements or understandings with respect to the
subject matter hereof among such parties. This Agreement may be amended, and the
observance of any term of this Agreement may be waived, with (and only with) the
written consent of each of the Company, the QIP Investors, Infoseek, and the
Managing Founder(s) holding more than 50% of the shares of Capital Stock and
Options then held by all Managing Founders.

         (f) Counterparts. This Agreement may be executed in one or more
counterparts, each of which shall be deemed an original and all of which
together shall be considered one and the same agreement.

                                      -30-
<PAGE>   31
    IN WITNESS WHEREOF, the parties hereto have executed this Shareholders
Agreement as of the date first above written.

                         BIZWATCH, INC.

                         By:  /s/ DAVID C. HOPPMANN
                              ----------------------------------
                              Name:   David C. Hoppmann
                              Title:  President

                         INFOSEEK CORPORATION

                         BY:  /s/ LESLIE E. WRIGHT
                              ----------------------------------
                              Name:   Leslie E. Wright
                              Title:  VP Finance & CFO

                         MANAGING FOUNDERS

                         By:  /s/ DAVID HOPPMANN
                              ----------------------------------
                              David Hoppmann

                         By:  /s/ JEFF MASSA
                              ----------------------------------
                              Jeff Massa

                         By:  /s/ PETER MCKEE
                              ----------------------------------
                              Peter McKee

                         BY:  /s/ CATHERINE MICHELA
                              ----------------------------------
                              Catherine Michela

                         QIP INVESTORS

                         QUANTUM INDUSTRIAL PARTNERS LDC

                         By:  /s/ GARY GLADSTEIN
                              ----------------------------------
                              Name:   Gary Gladstein
                              Title:  Attorney-in-fact
<PAGE>   32

                              /s/ DAVID GERSTENHABER
                              ----------------------------------
                              David Gerstenhaber

                              /s/ GARY GLADSTEIN
                              ----------------------------------
                              Gary Gladstein

                              /s/ STEWART PAPERIN
                              ----------------------------------
                              Stewart Paperin

                              /s/ DOUGLAS M. REID
                              ----------------------------------
                              Douglas M. Reid

                              Geosor Corporation

                              By:  /s/ GARY GLADSTEIN
                                   -----------------------------
                                   Name:   Gary Gladstein
                                   Title:  President

<PAGE>   33

                                   SCHEDULE I

Gary Gladstein

Stewart Paperin

Douglas M. Reid

Geosor Corporation

Quantum Industrial Partners LDC<PAGE>   1
                                                                     EXHIBIT 4.3

                                RIGHTS AGREEMENT

         This Shareholder Rights Agreement (the "Agreement") is made as of the
21st day of April, 1999 by and among NewsReal, Inc., a Delaware corporation (the
"Company"); the investors whose names and addresses appear on Schedule I hereto
(the "QIP Investors"); the investors whose names and addresses appear on
Schedule II hereto (the "Managing Founders"); and CNNfn, a division of Cable
News Network LP, LLLP, a Delaware limited liability limited partnership (the
"Investor").

                                    RECITALS

         A. The Company and the Investor have entered into a Stock Purchase
Agreement of even date herewith (the "Stock Purchase Agreement"), pursuant to
which the Company has agreed to issue the Investor 470,638 shares (the
"Purchased Shares") of common stock, par value $.001 per share of the Company
("Common Stock"), plus up to 1,122,363 shares (the "Additional Shares") of
Common Stock (1) upon the issuance of shares to the QIP Investors following
exercise of their rights and conversion of certain outstanding indebtedness of
the Company under the Conversion Agreement with the Company dated as of April
21, 1999, and (2) upon the issuance of shares to the Managing Founders and
employees following exercise of performance options granted to the Managing
Founders and employees by the Company.

         B. The Company desires to extend various rights to the Investor
pursuant to this Agreement that are consistent with the rights granted to
Infoseek Corporation ("Infoseek") under the Shareholders Agreement dated as of
December 11, 1997 (the "Shareholders Agreement"), by and among the Company,
Infoseek, the QIP Investors, and the Managing Founders of the Company, without
requiring an amendment to the Shareholders Agreement.

         NOW, THEREFORE, in consideration of the premises and mutual agreements
contained herein, the parties hereto agree as follows:

         1. COVENANTS OF THE PARTIES.

            (a) Legends. Until such time as the provisions of this Agreement
shall terminate, the certificates or other instruments evidencing shares of any
class or series of the capital stock of the Company, including securities
convertible into or exchangeable for shares of capital stock of the Company
("Capital Stock"), or warrants or options to purchase shares of Capital Stock
("Options") at any time subject to this Agreement will bear the following legend
reflecting the restrictions on the transfer of such securities subject to this
Agreement:

            "The securities evidenced hereby are subject to the terms of that
            certain Rights Agreement, dated as of April 21, 1999, by and among
            the Company and certain investors identified therein, including
            certain restrictions on transfer. A copy of

                                      -1-
<PAGE>   2

            this Agreement has been filed with the Secretary of the Company and
            is available upon request."

            (b) Election of Directors and Board Observer.

                (i) As of the date hereof, the Board of Directors of the Company
(the "Board") will consist of up to five directors, of which three directors
shall be designated by the Managing Founders, and, for as long as the QIP
Investors in the aggregate are a 5% QIP Investor (as defined below), two
directors shall be designated by the QIP Investors. From and after the date
hereof and at all times throughout the term of this Agreement prior to the date
on which the Company completes an IPO (as defined below), the Investor shall
take all commercially reasonable action within its power, including but not
limited to the voting of all shares of Capital Stock of the Company owned by it,
required to cause the Board to be constituted as set forth above. Directors
designated by the Managing Founders pursuant to this Section l(b)(i) are
hereinafter referred to as the "Management Directors" and directors designated
by the QIP Investors pursuant to this Section 1(b)(i) or pursuant to Section
1(b)(ii) below are hereinafter referred to as the "QIP Directors." In addition,
prior to the IPO and for so long as the Investor beneficially owns (whenever
used herein, beneficially owns, or words of similar import shall be construed in
accordance with Rule 13d-3 under the Exchange Act) at least 5% of the
outstanding shares of Common Stock, the Investor may designate one person to
observe all Board proceedings (the "Board Observer"). The Board Observer shall
not have any of the powers vested in the members of the Board, or any right to
vote on matters presented to the Board. The Board Observer shall be entitled to
notice of, and to attend, all meetings of the Board, but the Board Observer
shall not be counted for purposes of determining whether a quorum is present at
any meeting of the Board. The Investor acknowledges and agrees that any action
duly taken by the Board shall not be invalidated by virtue of the fact that the
Board Observer was not properly notified of, or in attendance at, the meeting at
which such action was taken.

                (ii) Election of QIP Directors. From the date on which the
Company completes its IPO and for as long as the QIP Investors in the aggregate
own beneficially at least 10% of the outstanding shares of Common Stock (a "10%
QIP Investor"), the Company will nominate and use its best efforts to have two
individuals designated by such 10% QIP Investor elected to the Board, and the
Investor shall take all commercially reasonable action within its power,
including, but not limited to, the voting of all shares of Capital Stock owned
by it, required to cause the election of such individuals to the Board. From
the date on which the Company completes its IPO and for as long as the QIP
Investors in the aggregate own beneficially at least 5% but less than 10% of the
outstanding shares of Common Stock (a "5% QIP Investor"), the Company will
nominate and use its best efforts to have one individual designated by such 5%
QIP Investor elected to the Board and the Investor shall take all action within
its power, including, but not limited to, the voting of all shares of Capital
Stock owned by it, required to cause the election of such individuals to the
Board.

                (iii) Replacement Directors. In the event that any Management
Director or QIP Director (a "Withdrawing Director") designated in the manner set
forth in Section 1(b) hereof is unable to serve, or once having commenced to
serve, is removed or withdraws from the Board, such Withdrawing Director's
replacement (the "Substitute Director")

                                       -2-

<PAGE>   3

will be designated by the Managing Founders or the QIP Investors, as the case
may be. A Management Director may be removed, with or without cause, by the
Managing Founders, and the Managing Founders shall thereafter have the right to,
nominate a replacement for such director. A QIP Director may be removed, with or
without cause, by the QIP Investors, and the QIP Investors shall thereafter have
the right to nominate a replacement for such director. However, at such time as
the QIP Investors in the aggregate cease to be a 5% QIP Investor, the QIP
Investors shall, at the request of the Company, use reasonable efforts to cause
the resignation of the QIP Director(s) then serving on the Board. The Investor
and the Company agree to take all commercially reasonable action within their
respective power, including but not limited to the voting of Capital Stock of
the Company owned by them, to cause the election of such Substitute Director
promptly following his or her nomination pursuant to this Section 1(b)(iii).

            (c) Financial and Business Information. From and after the date
hereof, the Company shall deliver to the Investor so long as the Investor
beneficially owns securities representing at least 5% of the outstanding voting
securities of the Company:

                (i) Monthly and Quarterly Statements - as soon as practicable,
and in any event within 10 days after the close of each month of each fiscal
year of the Company in the case of monthly statements and 30 days after the
close of each of the first three fiscal quarters of each fiscal year of the
Company in the case of quarterly statements, a consolidated balance sheet,
statement of income and statement of cash flows of the Company and any
subsidiaries as at the close of such month or quarter and covering operations
for such month or quarter, as the case may be, and the portion of the Company's
fiscal year ending on the last day of such month or quarter, all in reasonable
detail and prepared in accordance with GAAP, subject to audit and year-end
adjustments, setting forth in each case in comparative form the figures for the
comparable period of the previous fiscal year. The Company shall also provide
comparisons of each pertinent item to the budget referred to in subsection (iii)
below.

                (ii) Annual Statements - as soon as practicable after the end of
each fiscal year of the Company, and in any event within 90 days thereafter,
duplicate copies of:

                A. consolidated and consolidating balance sheets of the Company
                and any subsidiaries at the end of such year; and

                B. consolidated and consolidating statements of income,
                stockholders' equity and cash flows of the Company and any
                subsidiaries for such year, setting forth in each case in
                comparative form the figures for the previous fiscal year, all
                in reasonable detail and accompanied by an opinion thereon of
                independent certified public accountants of recognized national
                standing selected by the Company, which opinion shall state that
                such financial statements fairly present the financial position
                of the Company and any subsidiaries on a consolidated basis and
                have been prepared in accordance with GAAP (except for changes
                in application in which such accountants concur) and that the
                examination of such accountants in connection with such
                financial statements has been made in accordance

                                      -3-
<PAGE>   4

                with generally accepted auditing standards, and accordingly
                included such tests of the accounting records and such other
                auditing procedures as were considered necessary in the
                circumstances, and the Company shall also provide comparisons of
                each pertinent item to the budget referred to in subsection
                (iii) below.

                (iii) Business Plan; Projections - no later than 10 days prior
to the commencement of each fiscal year of the Company, an annual business plan
of the Company and projections of operating results, prepared on a monthly
basis, and a three year business plan of the Company and projections of
operating results. Within 45 days of the close of each semi-annual fiscal period
of the Company, the Company shall provide the Investor with an update of such
monthly projections.

                (iv) Audit Reports - promptly upon receipt thereof, one copy of
each other financial report and internal control letter submitted to the Company
by independent accountants in connection with any annual, interim or special
audit made by them of the books of the Company.

                (v) Other Reports - promptly upon their becoming available, one
copy of each financial statement, report, notice or proxy statement sent by the
Company to stockholders generally, of each financial statement, report, notice
or proxy statement sent by the Company or any of its subsidiaries to the SEC or
any successor agency, if applicable, of each regular or periodic report and any
registration statement, prospectus or written communication (other than
transmittal letters) in respect thereof filed by the Company or any subsidiary
with, or received by such Person in connection therewith from, any domestic or
foreign securities exchange, the SEC or any successor agency or any foreign
regulatory authority performing functions similar to the SEC, of any press
release issued by the Company or any subsidiary, and of any material of any
nature whatsoever prepared by the SEC or any successor agency thereto or any
state blue sky or securities law commission which relates to or affects in any
way the Company or any subsidiary.

                (vi) Progress Report - prior to each regularly scheduled meeting
of the Board, a narrative report shall be delivered to the Investor describing
the Company's activities since the date of the last such report, including a
description of business development, operating results and marketing efforts.

                (vii) Requested Information - with reasonable promptness, the
Company shall furnish the Investor with such other data and information as from
time to time may be reasonably requested.

           2.   TRANSFERS OF STOCK.

           2.1. Right to Transfer. The QIP Investors, the Managing Founders and
the Investor shall have the right to Transfer shares of Capital Stock or Options
(including shares of Capital Stock underlying the Options) at any time;
provided, however, that each such party's

                                       -4-
<PAGE>   5

respective rights pursuant to this Section 2.1 are subject to Sections 2.2, 2.3,
2.4 and 2.5 hereof. For purposes of this Agreement, a "Transfer" shall mean any
direct or indirect sale, gift, assignment or other disposition or transfer of
shares of Capital Stock or Options, or any interest therein, and any pledge or
hypothecation of shares of Capital Stock or Options, or any interest therein.
Notwithstanding anything herein to the contrary, nothing in this Agreement shall
preclude or prevent any Transfer: (i) to the Company; (ii) to the Investor's
partners, upon the liquidation, dissolution or winding up of the Investor, to a
partnership of which an Affiliate of the Investor is the general partner, or to
any other Affiliate (which, for this purpose, shall be deemed to include any
Person for which CNNfn, Cable News Network LP, LLLP, or any of its Affiliates
has or exercises investment discretion) of the Investor; or (iii) which may be
required by law or by a regulatory authority.

           2.2. Right of First Offer. (a)(i) The QIP Investors, the Managing
Founders and the Investor (the "Transferring Shareholder") shall, prior to
selling, offering to sell or soliciting any offers for the Transfer of shares of
Capital Stock or Options (including shares of Capital Stock underlying the
Options), give written notice to each of the other shareholders of the Company
which are parties to this Agreement (the "Non-Transferring Investors")
specifying the number of shares of Capital Stock that such Transferring
Shareholder desires to Transfer (the "Transfer Stock"). The notice shall
constitute an invitation to each of the Non-Transferring Investors to offer to
purchase a portion of the Transfer Stock for cash and/or marketable securities
equal to such Non-Transferring Investor's Offer Percentage (as defined below).
Each of the parties hereto agrees to take all commercially reasonable
action within its power to cause the other parties to be able to exercise its
rights under this Section 2.2.

                (ii) In the event Infoseek provides a written invitation to
offer (as provided in Section 2.3(a) of the Shareholders Agreement) or any other
notice or offer regarding the Transfer of any of the shares of Common Stock
owned by Infoseek to any of the QIP Investors or Managing Founders, each such
QIP Investor or Managing Founder shall promptly provide the Investor with a copy
of such of written invitation to offer, and/or other notice or offer, and shall
share its right of first offer under Section 2.3 of the Shareholders Agreement
with the Investor, and shall treat the Investor in all respects, as if the
Investor were a Non-Transferring Investor under such section.

                (iii) A "Non-Transferring Investor's Offer Percentage" shall
mean a percentage obtained by: (A) if Infoseek is not a Non-Transferring
Investor (as defined in Section 2.3(a) of the Shareholders Agreement), dividing
(x) the number of shares of Common Stock beneficially owned by such
Non-Transferring Investor, by (y) the total number of shares of Common Stock
beneficially owned by the Non-Transferring Investors in the aggregate; or (B) if
Infoseek is a Non-Transferring Investor (as defined in Section 2.3(a) of the
Shareholders Agreement), multiplying the percentage obtained in (A) above by a
fraction, the numerator of which is the number of shares included in the
Transfer Stock less the number of shares Infoseek is invited to purchase
pursuant to Section 2.3(a) of the Shareholders Agreement and the denominator of
which is the number of shares included in the Transfer Stock.

                                       -5-

<PAGE>   6

           (b) Upon receipt of a notice pursuant to Section 2.2(a), the
recipient thereof (the "Offeror") shall have a period of 15 days within which to
submit a proposal (the "Proposal") to the Transferring Shareholder to purchase
all, but not less than all, of the Transfer Stock which they are invited to
purchase pursuant to Section 2.2(a). If all of the shares of Transfer Stock
offered to the Non-Transferring Investors and, if required by the Shareholders
Agreement, to Infoseek are not fully subscribed by such Non-Transferring
Investors and, if applicable, Infoseek by the fifteenth day following receipt of
the notice delivered pursuant to Section 2.2(a), the remaining shares of
Transfer Stock will be reoffered to the Non-Transferring Investors offering to
purchase their full allotment upon the terms set forth in this Section 2.2(b),
until all such shares of Transfer Stock are fully subscribed for or until the
expiration of a period of 30 days following the receipt of a notice pursuant to
Section 2.2(a) (the "Offer Period").

           (c) The Transferring Shareholder then shall have a period of ten (10)
days from the end of the Offer Period within which to respond in writing to the
Proposal. If the Transferring Shareholder accepts the Proposal, the Offeror and
the Transferring Shareholder shall be bound to consummate the transaction in
accordance with the Proposal as promptly as practicable. If the Transferring
Shareholder accepts the Proposal and the transaction is not consummated through
no fault of the Transferring Shareholder within 45 days of the acceptance of the
Proposal so delivered or if a Proposal to purchase all, but not less than all,
the Transfer Stock is not made by the Non-Transferring Investors in accordance
with the provisions of Section 2.2(b) prior to the expiration of the Offer
Period, the Transferring Shareholder shall, for a period of 180 days thereafter,
be free to Transfer the Transfer Stock in any manner and to any person
notwithstanding the provisions of Sections 2.2(a) and 2.2(b) and this Section
2.2(c). After such 180-day period, the Transferring Shareholder shall not
Transfer the Transfer Stock without again complying with the provisions of
this Section 2.2.

           (d) In the event the Transferring Shareholder rejects the Proposal,
the Transferring Shareholder may, within the 180 days after the expiration of
the Offer Period, Transfer the Transfer Stock but only for consideration that is
in the Transferring Shareholder's good faith reasonable judgment more favorable
to the Transferring Shareholder on an overall basis than the consideration
contained in the Proposal. The Transferring Shareholder may not, following the
expiration of such 180-day period following the expiration of the Offer Period,
Transfer the Transfer Stock without again complying with the provisions of this
Section 2.2.

           2.3. Participation Rights.

           (a) (i) Neither the Investor, any QIP Investor nor any Managing
Founder (with the Investor and such other shareholders being referred to as the
"Initiating Shareholder(s)") shall be permitted to Transfer, in a single
transaction or series of related transactions, any shares of Capital Stock
unless: (x) if the Investor is an Initiating Shareholder, the Investor shall
have first complied with the applicable provisions of Section 2.2 hereof and, if
any of the QIP Investors or any Managing Founder is an Initiating Shareholder,
such shareholder shall have first complied with the applicable provisions of
Section 2.2 hereof and of Sections 2.1(b) and 2.3 of the Shareholders Agreement;
and (y) the terms and conditions of such Transfer shall include an offer to each
of the Investor and the shareholders listed on Schedules I and II who do not
initiate such

                                       -6-

<PAGE>   7

a Transfer (hereinafter referred to as the "Non-Initiating Investors") to
include in such Transfer, at the option of each Non-Initiating Investor, such
other Non-Initiating Investor's Participation Amount (as defined below) at the
same price (subject to the following provisions) and on the same terms and
conditions applicable to the shares of Capital Stock to be transferred by the
Initiating Shareholder. Each of the parties hereto agrees to take all
commercially reasonable action within its power to cause the other parties to be
able to exercise its rights under this Section 2.3.

                (ii) In the event Infoseek provides a Participation Notice (as
defined in Section 2.4 of the Shareholders Agreement) and/or a copy of a
Participation Offer (as defined in Section 2.4 of the Shareholders Agreement) or
any other notice or offer regarding the Transfer of any of the shares of Common
Stock owned by Infoseek to any of the QIP Investors or any of the Managing
Founders, each such shareholder shall promptly provide the Investor with a copy
of such of Participation Notice, and/or Participation Offer and/or other notice
or offer, and shall share its participation rights under Section 2.4 of the
Shareholders Agreement with the Investor, and shall treat the Investor in all
respects, as if the Investor were a non-Initiating Investor under such section.

                (iii) A "Non-Initiating Investor's Participation Amount" shall
mean an amount of shares equal to the shares of Common Stock the third party
actually proposes to purchase multiplied by a fraction, the numerator of which
shall be the number of shares of Common Stock issued and owned by such
Non-Initiating Investor and the denominator of which shall be: (A) if Infoseek
is not a Participating Shareholder (as defined in Section 2.4(b) of the of
Shareholders Agreement) in such Transfer, the aggregate number of shares of
Common Stock issued and owned by the Initiating Shareholder and each
Non-Initiating Investor exercising its rights under this Section 2.3(a); and (B)
if Infoseek is a Participating Shareholder in such Transfer, the aggregate
number of shares of Common Stock issued and owned by the Initiating Shareholder,
each Non-Initiating Investor exercising its rights under this Section 2.3(a) and
Infoseek. In each case, each of the Initiating Shareholder and exercising
Non-Initiating Investors shall be entitled to a pro rata portion of the net sale
proceeds with respect to such transfer based upon the number of shares of Common
Stock included or deemed to be included in such Transfer.

                (b) In the event that an Initiating Shareholder receives a bona
fide offer or offers from a third party to purchase or otherwise acquire shares
of Capital Stock (the "Participation Offer"), the Initiating Shareholder shall
then cause the Participation Offer to be reduced to writing and shall give each
of the Non-Initiating Investors (including the Investor) written notice thereof
(a "Participation Notice"). Each Participation Notice shall contain a true and
correct copy of the Participation Offer and shall identify the third party, the
number of the shares of Capital Stock with respect to which the Initiating
Shareholder has a bona fide offer (the "Designated Shares"), the price per share
at which the sale is proposed to be made and all other material terms and
conditions of the Participation Offer. After the Initiating Shareholder shall
have complied with the provisions of Section 2.2 hereof, and, except with
respect to the Investor, Sections 2.1 and 2.3 of the Shareholders Agreement, to
the extent applicable, each of the Non-Initiating Investors shall have the right
and option, within 10 days after the Participation Notice

                                       -7-
<PAGE>   8

is given to him (the "Participation Period"), to accept the Participation Offer
for the number of shares of Common Stock as determined pursuant to Section 2.3
hereof. Each of the Non-Initiating Investors may exercise such option by
providing the Initiating Shareholder with timely written notice to that effect.
Such notice shall constitute an irrevocable acceptance of the Participation
Offer. For purposes of this Section 2.3, each person exercising such option
shall be referred to as a "Participating Shareholder".

                (c) The Initiating Shareholder shall send notice to each of the
Participating Shareholders not less than 20 days prior to the date upon which
the Transfer pursuant to this Section 2.3 shall be consummated, which notice
shall contain the date, time and location of the closing. The Participating
Shareholders shall deliver at the closing to the Initiating Shareholder the
certificate or certificates or other instrument representing all of their shares
of Capital Stock to be included in such sale (the "Other Shares").

                (d) If at the termination of the Participation Period any of the
shareholders shall not have accepted the offer contained in the Participation
Notice, such person will be deemed to have waived any rights under this Section
2.3 with respect to the Transfer of shares of Capital Stock of the Company to
such third party. The Initiating Shareholder shall have 90 days within which to
sell the Designated Shares and the Other Shares to the third party, at a price
equal to that contained in the Participation Notice and on the terms set forth
in the Participation Notice. If such sale does not occur within such 90-day
period, the Initiating Shareholder shall not consummate such sale without again
complying with the provisions of this Section 2.3.

                (e) The decision whether to effect a Transfer pursuant to this
Section 2.3 shall be in the sole and absolute discretion of the Initiating
Shareholder.

           2.4 Drag-Along Rights. (a) If at any time and from time to time the
Company or the QIP Investors determine, in accordance with, and pursuant to,
the provisions of Section 7(b) of the Securities Purchase Agreement dated as of
December 11, 1997, between the QIP Investors, the Company and the Managing
Founders, to sell the Company to a third party that is not an affiliate the QIP
Investors (the "Proposed Transferee"), the QIP Investors shall have the right
("Drag-Along Right") to require the Investor to sell to the Proposed Transferee
all shares of Capital Stock and Options then owned by the Investor, upon the
same terms and conditions and concurrently with the sale by the QIP Investors of
their shares of Capital Stock. The Investor agrees to take all steps necessary
to enable it to comply with the provisions of this Section 2.4, to facilitate
the QIP Investors' exercise of its Drag-Along Right.

                (b) To exercise a Drag-Along Right, the QIP Investors shall give
the Investor a written notice (a "Drag-Along Notice") containing (a) the name
and address of the Proposed Transferee and (b) the proposed purchase price,
terms of payment and other material terms and conditions of the Proposed
Transferee's offer. The Investor shall thereafter be obligated to sell the
shares of Capital Stock and Options subject to such Drag-Along Notice.

                (c) If the QIP Investors determine to exercise their rights, in
accordance with Section 2.4 hereof, to require the Investor to sell all shares
of Capital Stock and

                                       -8-
<PAGE>   9

Options then owned by the Investor, then the QIP Investors in their sole
discretion have the right to determine that a sale of all or substantially all
of the assets of the Company, a voluntary liquidation of the Company or a merger
of the Company (each a "sale of the Company") is preferable to a sale of all of
the capital stock of the Company, whereupon the QIP Investors shall give written
notice to the Investor of the QIP Investors' determination to cause a sale of
the Company (a "Sale Notice"). Upon receipt of such Sale Notice, the Investor
agrees to use its good faith efforts to cooperate with the QIP Investors in
effecting a sale of the Company, including, without limitation, voting shares
of capital stock of the Company beneficially owned by the Investor in favor of
or granting written consent to a sale of the Company.

           2.5. Certain Conditions to Stock Issuances and Transfers. No Transfer
of Capital Stock or Options owned by the Investor shall be valid or recorded in
the Company's stock transfer books unless the transferees of such Capital Stock
or Options shall have furnished to the Company (a) the written agreement of the
transferee to be bound by the terms and conditions of this Section 2.5 and, to
the extent applicable, Section 2.6 (as if such transferee were a party hereto),
(b) if required by the Company's Board of Directors, a written opinion of
counsel (which opinion shall be reasonably satisfactory to the Company) that the
proposed Transfer may be effected without registration under the Securities Act
and (c) a written agreement to the effect that the transferee is acquiring such
Capital Stock for its own account, for investment, and not with a view to, or
for sale in connection with, the distribution thereof, and such transferee
understands that such Capital Stock has not been registered under the Securities
Act and that such Capital Stock must be held indefinitely unless a subsequent
disposition thereof is registered under the Securities Act or exempt from the
registration requirements thereof.

           2.6. Representations and Warranties. Each party hereto represents and
warrants to each other party solely as to such party:

                (a) if such party is not an individual or a corporation, it is a
validly existing partnership as indicated on the signature page of this
Agreement.

                (b) if such party is not an individual, the execution, delivery
and performance by such party of this Agreement has been duly authorized.

                (c) if such party is an individual, he has full power and
authority to enter into this Agreement.

                (d) if such party is a corporation, it is validly existing and
in good standing in the jurisdiction in which it is incorporated.

                (e) the agreements set forth in this Agreement constitute valid
and binding obligations of such party.

                (f) the execution, delivery and performance of this Agreement by
such party will not (i) violate any provision of law, any order of any court or
other agency of government applicable to the Investor, any provision of any
note, bond, mortgage, indenture, license, lease, contract, agreement or other
instrument or obligation to which such party or its

                                       -9-
<PAGE>   10

properties or assets are bound, or the organizational documents of such party or
(ii) conflict with, result in a breach of or constitute (with due notice or
lapse of time or both) a default under any such note, bond, mortgage, indenture,
license, lease, contract, agreement or other instrument or obligation, or result
in the creation or imposition of any lien, charge, restriction, claim or
encumbrance of any nature upon any of the securities of the Company owned by
such party.

           2.7. Injunctive Relief. The parties hereto hereby declare that it is
impossible to measure in money the damages which will accrue to the parties
hereto by reason of the failure of any party hereto to perform any of its
obligations set forth in this Section 2. Therefore, the parties hereto shall
have the right to specific performance of such obligations, and if any party
hereto shall institute any action or proceeding to enforce the provisions
hereof, the parties hereto hereby waive the claim or defense that the party
instituting such action or proceeding has an adequate remedy at law. Such
remedies shall, however, be cumulative and not exclusive and shall be in
addition to any other remedies which any party may have under this Agreement or
otherwise.

           2.8. Termination. The provisions of Section 2 shall terminate upon
the closing of, and shall not apply to the Transfer of shares of Capital Stock
pursuant to, an IPO.

     3. REGISTRATION RIGHTS.

           3.1. Definitions.

           As used in this Section 3.1:

           (a) the terms "register" "registered" and "registration" refer to a
registration effected by preparing and filing a registration statement in
compliance with the Securities Act (and any post-effective amendments filed or
required to be filed) and the declaration or ordering of effectiveness of such
registration statement;

           (b) the term "Registrable Securities" means (i) the shares of Common
Stock owned by the QIP Investors (the "QIP Shares"), (ii) any additional shares
of Common Stock acquired by the QIP Investors and (iii) any capital stock of the
Company issued as a dividend or other distribution with respect to, or in
exchange for or in replacement of, the shares of Common Stock referred to in
clause (i) or (ii);

           (c) the term "Registrable Inside Securities" means (i) any shares of
Common Stock then held by the Investor, Infoseek or the Managing Founders and
(ii) any capital stock of the Company issued as a dividend or other distribution
with respect to, or in exchange for or in replacement of, the shares of Common
Stock referred to in clause (i);

           (d) the term "Registrable Investor Securities" means (i) any shares
of Common Stock then held the Investor or any of its affiliated corporations,
divisions or shareholders, and (ii) any capital stock of the Company issued as a
dividend or other distribution

                                      -10-
<PAGE>   11

with respect to, or in exchange for or in replacement of, the shares of C in
clause (i);

           (e) the tern "Holder" shall mean any holder of Registration ?????????

           (f) the term "Inside Holder" shall mean any holder ??????????????????
Securities;

           (g) the term "Initiating Holder" shall mean any Holder???????????????
aggregate are Holders of more than 50% of the then outstanding Registrable
Securities;

           (h) the term "Initiating Investor Holder" shall mean any Investor
Holder or Holders who in the aggregate holds more than 50% of the then
outstanding Registrable Investor Securities;

           (i) the term "Investor Holder" shall mean any holder of Registrable
Investor Securities;

           (j) the term "Other Shareholders" shall mean any other shareholders
of the Company who are granted registration rights that would affect the rights
granted to the Investor under this Agreement;

           (k) "Registration Expenses" shall mean all expenses incurred by the
Company in compliance with Section 2 hereof, including, without limitation, all
registration and filing fees, listing fees, printing expenses, fees and
disbursements of counsel for the Company, fees and expenses of one counsel for
all the Holders, the Inside Holders and the Investor Holder, blue sky fees and
expenses and the expense of any special audits incident to or required by any
such registration (but excluding the compensation of regular employees of the
Company, which shall be paid in any event by the Company);

           (l) "Selling Expenses" shall mean all underwriting discounts and
selling commissions applicable to the sale of Registrable Securities, the
Registrable Inside Securities and the Registrable Investor Securities;

           (m) "Securities Act" shall mean the Securities Act of 1933, as
amended, or any similar law then in force; and

           (n) "Exchange Act" shall mean the Securities Exchange Act of 1934, as
amended, or any similar law then in force.

           3.2. Requested Registration.

           (a) At any time following an initial public offering of the Common
Stock, or any security issued in exchange for or as replacement of the Common
Stock pursuant to a registration under the Securities Act (the "IPO"), if the
Company shall receive from an Initiating

                                      -11-
<PAGE>   12

Investor Holder a written request that the Company effect any registration with
respect to all or a part of the Registrable Investor Securities, the Company
will:

                (i) promptly give written notice of the proposed registration,
                qualification or compliance to all Holders of Registrable
                Securities and all Inside Holders of Registrable Inside
                Securities; and

                (ii) as soon as practicable, use its diligent best efforts to
                effect such registration (including, without limitation, the
                execution of an undertaking to file post-effective amendments,
                appropriate qualification under applicable blue sky or other
                state securities laws and appropriate compliance with applicable
                regulations issued under the Securities Act) as may be so
                requested and as would permit or facilitate the sale and
                distribution of all or such portion of such Registrable Investor
                Securities as are specified in such request, together with all
                or such portion of the Registrable Securities and Registrable
                Inside Securities of any Holders or Inside Holders joining in
                such request as are specified in a written request received by
                the Company within 10 business days after written notice from
                the Company is given under Section 3.2(a)(i) above; provided
                that the Company shall not be obligated to effect, or take any
                action to effect, any such registration pursuant to this Section
                3.2:

                      A. In any particular jurisdiction in which the Company
                      would be required to execute a general consent to service
                      of process in effecting such registration, qualification
                      or compliance, unless the Company is already subject to
                      service in such jurisdiction and except as may be required
                      by the Securities Act or applicable rules or regulations
                      thereunder;

                      B. After the Company has effected one (1) such
                      registration pursuant to this Section 3.2 and such
                      registration has been declared or ordered effective and
                      the sale of at least fifty percent (50%) (it being agreed
                      that if less than such amount shall have been sold due to
                      any limitation placed by an underwriter on the number of
                      shares to be sold, the Company will effect one (1)
                      additional registration on the same terms and conditions)
                      of such Registrable Investor Securities shall have closed;
                      or

                      C. If the Registrable Investor Securities, Registrable
                      Securities and Registrable Inside Securities requested by
                      all Investor Holders, Holders and Inside Holders to be
                      registered pursuant to such request have an anticipated
                      aggregate public offering price (before any underwriting
                      discounts and commissions) (the "Aggregate Offering
                      Price") of less than $3,500,000.

                The registration statement filed pursuant to the request of the
Initiating Investor Holder may, subject to the provisions of Section 3.2(b)
below, include other securities of the

                                      -12-

<PAGE>   13

Company or securities which are held by Persons who, by virtue of agreements
with the Company, are entitled to include their securities in any such
registration.

                The registration rights set forth in this Section 3 shall be
assignable, in whole or in part, to any transferee of Common Stock (who shall be
bound by all obligations of this Section 3).

                (b) If the Initiating Investor Holder intends to distribute the
Registrable Investor Securities covered by its request by means of an
underwriting, it shall so advise the Company as a part of its request made
pursuant to Section 3.2.

                If holders of securities of the Company other than Registrable
Investor Securities who are entitled, by contract with the Company or otherwise,
to have securities included in such a registration (the "Other Shareholders")
request such inclusion, the Investor Holder shall offer to include the
securities of such Other Shareholders in the underwriting and may condition such
offer on their acceptance of the further applicable provisions of this
Section 3. The Investor Holder, Holders and Inside Holders whose shares are to
be included in such registration and the Company shall (together with all Other
Shareholders proposing to distribute their securities through such underwriting)
enter into an underwriting agreement in customary form with the representative
of the underwriter or underwriters selected for such underwriting by the
Initiating Investor Holder and reasonably acceptable to the Company.
Notwithstanding any other provision of this Section 3.2, if the representative
advises the Investor Holder in writing that marketing factors require a
limitation on the number of shares to be underwritten, the securities of the
Company held by Other Shareholders, other than the Holders and Inside Holders,
shall be excluded from such registration to the extent so required by such
limitation. If, after the exclusion of such shares, further reductions are still
required, the number of shares included in the registration by each Holder and
Inside Holder shall be reduced on a pro rata basis (based on the number of
shares held by such Holder and Inside Holder) by such minimum number of shares
as is necessary to comply with such request. If, after the exclusion of such
shares, further reductions are still required, the number of shares included in
the registration by the Investor Holder shall be reduced by such minimum number
of shares as is necessary to comply with such request. No Registrable Investor
Securities or any other securities excluded from the underwriting by reason of
the underwriter's marketing limitation shall be included in such registration.
If the Investor Holder or any Other Shareholder who has requested inclusion in
such registration as provided above disapproves of the terms of the
underwriting, such person may elect to withdraw therefrom by written notice to
the Company, the underwriter and the Initiating Investor Holder. The securities
so withdrawn shall also be withdrawn from registration. If the underwriter has
not limited the number of Registrable Investor Securities to be underwritten,
the Company may include its securities for its own account in such registration
if the representative so agrees and if the number of Registrable Investor
Securities, Registrable Securities and Registrable Inside Securities which would
otherwise have been included in such registration and underwriting will not
thereby be limited.

                (c) Registration Expenses. The Investor Holder shall be
responsible for the Registration Expenses incurred with respect to any request
for registration under this Section 3.2

                                      -13-
<PAGE>   14

in proportion to the number of Registrable Investor Securities over the total
number of securities actually registered.

           3.3. Company Registration.

           (a) If the Company shall determine to register any of its equity
securities either for its own account or for the account of a security holder or
holders exercising their respective demand registration rights under the
Shareholders Agreement, other than a registration relating solely to employee
benefit plans, or a registration on Form S-4 or any similar or successor form
relating solely to a SEC Rule 145 transaction, or a registration on Form S-8 or
any similar or successor form, or any registration form which does not permit
secondary sales, the Company will:

           (i) promptly give to the Investor Holder a written notice thereof
           (which shall include a list of the jurisdictions in which the Company
           intends to attempt to qualify such securities under the applicable
           blue sky or other state securities laws); and

           (ii) include in such registration (and any related qualification
           under blue sky laws or other compliance), and in any underwriting
           involved therein, all the Registrable Investor Securities specified
           in a written request or requests, made by the Investor Holder within
           fifteen days after receipt of the written notice from the Company
           described in clause (i) above, except as set forth in Section 3.3(b)
           below. Such written request may specify all or a part of the Investor
           Holder's Registrable Investor Securities.

           (b) If the registration pursuant to this Section 3.3 involves an
underwritten offering of the securities being registered, whether or not for
sale for the account of the Company, to be distributed on a firm commitment
basis by or through one or more underwriters of recognized national or regional
standing under underwriting terms appropriate for such a transaction, the
Company shall so advise each of the Holders, Inside Holders and Investor Holder
as a part of the written notice given pursuant to Section 3.3(a)(i). In such
event, the right of each of the Holders, Inside Holders and Investor Holder to
registration pursuant to this Section 3.3 shall be conditioned upon such
Holders', Inside Holders' or Investor Holders, as the case may be, participation
in such underwriting and the inclusion of such Holders' or Inside Holders', as
the case may be, Registrable Securities, Registrable Inside Securities or
Registrable Investor Securities, as the case may be, in the underwriting to the
extent provided herein. The Holders, Inside Holders and Investor Holders whose
shares are to be included in such registration shall (together with the Company
and the Other Shareholders distributing their securities through such
underwriting) enter into an underwriting agreement in customary form with the
representative of the underwriter or underwriters selected for underwriting by
the Company. Notwithstanding any other provision of this Section 3.3, if the
representative determines in good faith that marketing factors require a
limitation on the number of shares to be underwritten, the Company shall so
advise all holders of securities requesting registration, and the number of
shares of securities that are entitled to be included in the registration and
underwriting shall be allocated in the following manner: the number of
securities that may be included in the registration and underwriting by

                                      -14-

<PAGE>   15

each of the Holders, Inside Holders, Investor Holders and the Other Shareholders
shall be reduced, on a pro rata basis (based on the number of shares held by
such holder), by such minimum number of shares as is necessary to comply with
such limitation. If any of the Holders, Inside Holders, Investor Holders or any
Other Shareholders disapproves of the terms of any such underwriting, such
person may elect to withdraw therefrom by written notice to the Company and the
underwriter. Any Registrable Securities or other securities excluded or
withdrawn from such underwriting shall be withdrawn from such registration.

           3.4. Expenses of Registration.

           Except as set forth in Section 3.2(c) hereof, all Registration
Expenses incurred in connection with any registration, qualification or
compliance pursuant to this Agreement shall be borne by the Company, and all
Selling Expenses shall be borne by the Holders, Inside Holders and Investor
Holder of the securities so registered pro rata on the basis of the number of
their shares so registered; provided, however, that the Company shall not be
required to pay any Registration Expenses if, as a result of the withdrawal of a
request for registration by any of the Holders, Inside Holders, Investor Holder
or Other Shareholders, as applicable, the registration statement does not become
effective, in which case each of the Holders, Inside Holders, Investor Holder
and Other Shareholders requesting registration, including such holder(s) so
withdrawing, shall bear such Registration Expenses pro rata on the basis of the
number of their shares so included in the registration request.

           3.5. Registration Procedures.

           In the case of each registration effected by the Company pursuant to
this Agreement, the Company will keep the Holders, Inside Holders and Investor
Holder, as applicable, advised in writing as to the initiation of each
registration and as to the completion thereof. At its expense, the Company will:

           (i) keep such registration effective for a period of 180 days or
           until the Holders, Inside Holders and Investor Holder, as applicable,
           have completed the distribution described in the registration
           statement relating thereto, whichever first occurs; provided,
           however, that such 180-day period shall be extended for a period of
           time equal to the period during which the Holders, Inside Holders and
           Investor Holders, as applicable, refrain from selling any securities
           included in such registration in accordance with provisions in
           Section 3.9 hereof; provided that Rule 415, or any successor rule
           under the Securities Act, permits an offering on a continuous or
           delayed basis, and provided further that applicable rules under the
           Securities Act governing the obligation to file a post-effective
           amendment permit, in lieu of filing a post-effective amendment which
           (y) includes any prospectus required by Section 10(a) of the
           Securities Act or (z) reflects facts or events representing a
           material or fundamental change in the information set forth in the
           registration statement, the incorporation by reference of information
           required to be included in (y) and (z) above to be contained in
           periodic reports filed pursuant to Section 12 or 15(d) of the
           Exchange Act in the registration statement; and

                                      -15-
<PAGE>   16

           (ii) furnish such number of prospectuses and other documents incident
           thereto as each of the Holders, Inside Holders and Investor Holder,
           as applicable, from time to time may reasonably request.

           3.6. Indemnification.

           (a) The Company will indemnify the Investor Holders, each of their
respective officers, directors, shareholders, members and partners, and each
person controlling the Investor Holder, as the case may be, with respect to each
registration which has been effected pursuant to this Agreement, and each
underwriter (including any officers, directors and partners), if any, and each
person who controls any underwriter within the meaning of the Securities Act,
against all claims, losses, damages, expenses and liabilities (or actions in
respect thereof) arising out of or based on any untrue statement (or alleged
untrue statement) of a material fact contained in any prospectus, offering
circular or other document (including any registration statement, notification
or the like) incident to any such registration, qualification or compliance, or
based on any omission (or alleged omission) to state therein a material fact
required to be stated therein or necessary to make the statements therein, in
light of the circumstances in which they were made, not misleading, or any
violation by the Company of the Securities Act or any rule or regulation
applicable to the Company and relating to action or inaction required of the
Company in connection with any such registration, qualification or compliance,
and will reimburse the Investor Holder, each of their respective officers,
directors and partners, and each person controlling the Investor Holders, each
such underwriter and each person who controls any such underwriter, for any
legal and any other expenses reasonably incurred in connection with
investigating and defending any such claim, loss, damage, liability or action,
provided that the Company will not be liable in any such case to the extent that
any such claim, loss, damage, liability or expense arises out of or is based on
any untrue statement or omission based upon written information furnished to the
Company by the Investor Holders or underwriter and stated to be specifically for
use therein.

           (b) The Investor Holder will, if Registrable Investor Securities held
by it are included in the securities as to which such registration,
qualification or compliance is being effected, indemnify the Company, each of
its directors and officers and each underwriter, if any, of the Company's
securities covered by such a registration statement, each person who controls
the Company or such underwriter, each other Holder, Inside Holder and Other
Shareholder and each of their officers, directors, and partners, and each person
controlling such other Holder, Inside Holder and Other Shareholder against all
claims, losses, damages and liabilities (or actions in respect thereof) arising
out of or based on any untrue statement (or alleged untrue statement) of a
material fact contained in any such registration statement, prospectus, offering
circular or other document made by the Investor Holder, or any omission (or
alleged omission) to state therein a material fact required to be stated therein
or necessary to make the statements by the Investor Holder, as the case may be,
therein not misleading, and will reimburse the Company and such other Holder,
Inside Holder and Other Shareholders, directors, officers, partners, persons,
underwriters or control persons for any legal or any other expenses reasonably
incurred in connection with investigating or defending any such claim, loss,
damage, liability or action, in each case to the extent, but only to the extent,
that such untrue statement (or alleged untrue

                                      -16-
<PAGE>   17

statement) or omission (or alleged omission) is made in such registration
statement, prospectus, offering circular or other document in reliance upon and
in conformity with written information furnished to the Company by the Investor
Holder, as the case may be, and stated to be specifically for use therein;
provided, however, that the obligations of the Investor Holder hereunder and
under Section 3.6(d) shall be limited to an amount equal to the net proceeds to
the Investor Holder of securities sold pursuant to such registration statement
or prospectus.

           (c) Each party entitled to indemnification under this Section 3.6
(the "Indemnified Party") shall give notice to the party required to provide
indemnification (the "Indemnifying Party") promptly after such Indemnified Party
has actual knowledge of any claim as to which indemnity may be sought, and shall
permit the Indemnifying Party to assume the defense of any such claim or any
litigation resulting therefrom; provided that counsel for the Indemnifying
Party, who shall conduct the defense of such claim or any litigation resulting
therefrom, shall be approved by the Indemnified Party (whose timely approval
shall not unreasonably be withheld) and the Indemnified Party may participate in
such defense at such party's expense (unless the Indemnified Party shall have
reasonably concluded that there may be a conflict of interest between the
Indemnifying Party and the Indemnified Party in such action, in which case the
fees and expenses of counsel shall be at the expense of the Indemnifying Party),
and provided further that the failure of any Indemnified Party to give notice as
provided herein shall not relieve the Indemnifying Party of its obligations
under this Agreement unless the Indemnifying Party is materially prejudiced
thereby. No Indemnifying Party, in the defense of any such claim or litigation
shall, except with the consent of each Indemnified Party, 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. Each Indemnified Party shall furnish such information regarding
itself or the claim in question as an Indemnifying Party may reasonably request
in writing and as shall be reasonably required in connection with the defense of
such claim and litigation resulting therefrom.

           (d) If the indemnification provided for in this Section 3.6 is held
by a court of competent jurisdiction to be unavailable to an Indemnified Party
with respect to any loss, liability, claim, damage or expense referred to
herein, 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 is 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 which 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 (or alleged 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.

                                      -17-
<PAGE>   18

           (e) The foregoing indemnity agreement of the Company and the Investor
Holders is subject to the condition that, insofar as they relate to any loss,
claim, liability or damage made in a preliminary prospectus but eliminated or
remedied in the amended prospectus on file with the SEC at the time the
registration statement in question becomes effective or the amended prospectus
filed with the SEC pursuant to SEC Rule 424(b) (the "Final Prospectus"), such
indemnity agreement shall not inure to the benefit of any underwriter if a copy
of the Final Prospectus was furnished to the underwriter and was not furnished
to the person asserting the loss, liability, claim or damage at or prior to the
time such action is required by the Securities Act.

           3.7. Information by the Investor Holder.

           The Investor Holder holding securities included in any registration
shall furnish to the Company such information regarding the Investor Holder as
an Investor Holder and the distribution proposed by the Investor Holder as the
Company may reasonably request in writing and as shall be reasonably required in
connection with any registration, qualification or compliance referred to in
this Agreement.

           3.8. Rule 144 Reporting.

           With a view to making available the benefits of certain rules and
regulations of the SEC which may permit the sale of restricted securities to the
public without registration, the Company agrees to:

           (i) make and keep public information available as those terms are
           understood and defined in Rule 144, at all times from and after
           ninety (90) days following the effective date of the first
           registration under the Securities Act filed by the Company for an
           offering of its securities to the general public;

           (ii) use its best efforts to file with the SEC in a timely manner all
           reports and other documents required of the Company under the
           Securities Act and the Exchange Act at any time after it has become
           subject to such reporting requirements; and

           (iii) so long as the Investor Holder owns any Registrable Investor
           Securities, furnish to the Investor Holder, upon request, a written
           statement by the Company as to its compliance with the reporting
           requirements of Rule 144 (at any time from and after ninety (90) days
           following the effective date of the first registration statement
           filed by the Company for an offering of its securities to the general
           public) and of the Securities Act and the Exchange Act (at any time
           after it has become subject to such reporting requirements), a copy
           of the most recent annual or quarterly report of the Company, and
           such other reports and documents so filed as the Investor Holder may
           reasonably request in availing itself of any rule or regulation of
           the SEC allowing the Investor Holder to sell any such securities
           without registration.

                                      -18-

<PAGE>   19

           3.9. "Market Stand-off" Agreement.

           The Investor Holder agrees, if requested by the Company and an
underwriter of Common Stock (or other securities) of the Company, not to sell or
otherwise transfer or dispose of any Common Stock (or other securities) of the
Company held by such Investor Holder during such period as the underwriter may
reasonably require, such period not to exceed 180 days following the effective
date of a registration statement of the Company filed under the Securities Act,
provided that:

           (a) such agreement only applies to the IPO; and

           (b) all Holders, Inside Holders and all officers and directors of the
Company enter into similar agreements.

           If requested by the underwriters, the Investor Holder shall execute a
separate agreement to the foregoing effect. The Company may impose stop-transfer
instructions with respect to the shares (or securities) subject to the foregoing
restriction until the end of said period. The provisions of this Section 3.9
shall be binding upon any transferee who acquires Registrable Investor
Securities, provided that such transferee is entitled to the registration rights
provided hereunder.

           3.10. Termination.

           The registration rights set forth in this Agreement shall not be
available to any Investor Holder if all of the Registrable Investor Securities
then owned by such Investor Holder could be sold in any 90-day period pursuant
to Rule 144 under the Securities Act (without giving effect to the provisions of
Rule 144(k)).

           3.11. Assignment.

           The rights set forth in this Section 3 may be assigned, in whole or
in part, to any transferee of Registrable Securities, Registrable Inside
Securities or Registrable Investor Securities (who shall be considered
thereafter to be a Holder, Inside Holder or Investor Holder, respectively,
depending upon the nature of the securities already held by the transferee, and
shall be bound by all obligations and limitations of this Section 3).

           3.12 No Inconsistent Agreements.

           The Company will not hereafter enter into any agreement with respect
to its securities which is inconsistent with the rights granted to the Investor
Holder in this Agreement.

        4. SUBSCRIPTION RIGHTS.

           (a) If at any time after the date hereof and prior to the IPO, the
Company proposes to issue equity securities of any kind (the term "equity
securities" shall include for these

                                      -19-

<PAGE>   20

purposes any warrants, options or other rights to acquire equity securities and
debt securities convertible into equity securities) of the Company (other than
the issuance of securities (i) to the public in a firm commitment underwriting
pursuant to a registration statement filed under the Securities Act, (ii)
pursuant to the acquisition of another corporation by the Company by merger,
purchase of substantially all of the assets or other form of reorganization,
(iii) pursuant to an employee or director stock option plan, stock bonus plan,
stock purchase plan or other management equity program), (iv) pursuant to the
issuance of shares of Common Stock following the conversion of certain
indebtedness by the QIP Investors under the Conversion Agreement, or (v)
pursuant to the issuance of shares of Common Stock following the exercise of
Performance Options by the Managing Founders and certain employees, as described
in Section 2.5 of the Stock Purchase Agreement), then, as to each of the QIP
Investors, Infoseek and the Investor, the Company shall:

                (i) give written notice setting forth in reasonable detail (1)
the designation and all of the terms and provisions of the securities proposed
to be issued (the "Proposed Securities"), including, where applicable, the
voting powers, preferences and relative participating, optional or other special
rights, and the qualification, limitations or restrictions thereof and interest
rate and maturity; (2) the price and other terms of the proposed sale of such
securities; (3) the amount of such securities proposed to be issued; and (4)
such other information as the QIP Investors, Infoseek or the Investor may
reasonably request in order to evaluate the proposed issuance; and

                (ii) offer to issue to each of the QIP Investors, Infoseek and
the Investor upon the terms described in subparagraph (i) above a portion of the
Proposed Securities (the "Subscription Securities") equal to a percentage
determined by dividing (x) the number of shares of Common Stock beneficially
owned by such holder of securities, by (y) the total number of shares of Common
Stock beneficially owned (within the meaning of Rule 13d-3 under the Exchange
Act) by all holders of Common Stock immediately preceding the issuance of the
Proposed Securities.

           (b) Each of the Investor, Infoseek and the QIP Investors must
exercise its purchase rights hereunder within ten (10) days after receipt of
such notice from the Company. If all of the Subscription Securities offered to
the QIP Investors, Infoseek and the Investor are not fully subscribed by the QIP
Investors, Infoseek or the Investor, the remaining Subscription Securities will
be reoffered to the remaining shareholders who are subject to the Shareholders
Agreement purchasing their full allotment upon the terms set forth in this
Section 4 (likewise any then remaining Subscription Securities will be reoffered
to the Investor upon the terms set forth in this Section 4), until all such
Subscription Securities are fully subscribed for or until the QIP Investors,
Infoseek and the Investor have subscribed for all such Subscription Securities
which they desire and are entitled to purchase, except that such remaining
shareholders must exercise their purchase rights within five days after receipt
of all such reoffers. To the extent that the Company offers two or more
securities in units, the Investors must purchase such units as a whole and will
not be given the opportunity to purchase only one of the securities making up
such unit.

                                      -20-

<PAGE>   21

           (c) Upon the expiration of the offering periods described above, the
Company will be free to sell such Subscription Securities that the QIP
Investors, Infoseek and the Investor have not elected to purchase during the 180
days following such expiration on terms and conditions no more favorable to the
purchasers thereof than those offered to such remaining shareholders. Any
Subscription Securities offered or sold by the Company after such 180 day period
must be reoffered to the holders of the Securities pursuant to this Section 4.

           (d) The election by either of the QIP Investors, Infoseek or the
Investor not to exercise their subscription rights under this Section 4 in any
one instance shall not affect their respective rights (other than in respect of
a reduction in their percentage holdings) as to any subsequent proposed
issuance. Any sale of such securities by the Company without first giving the
QIP Investors, Infoseek and the Investor the rights described in this Section 4
shall be void and of no force and effect.

        5. INTERPRETATION OF THIS AGREEMENT.

           (a) Directly or Indirectly. Where any provision in this Agreement
refers to action to be taken by any Person, or which such Person is prohibited
from taking, such provision shall be applicable whether such action is taken
directly or indirectly by such Person.

           (b) Governing Law. This Agreement shall be governed by and construed
in accordance with the laws of the State of Delaware applicable to contracts
made and to be performed entirely within such State.

           (c) Section Headings. The headings of the sections and subsections of
this Agreement are inserted for convenience only and shall not be deemed to
constitute a part thereof.

        6. MISCELLANEOUS.

           (a) Subsequent Shareholders. This Agreement shall be fully applicable
to (i) all shares of Capital Stock or Options owned by the parties hereto,
whether now owned or hereafter acquired, (ii) all who subsequently acquire a
community property or any other interest in any such shares of Capital Stock or
Options subject to this Agreement and (iii) any of the shares of Capital Stock
and Options subject to this Agreement transferred by a party hereto to any other
person in accordance with Section 2.5. Any person acquiring an interest in
Capital Stock and Options subject to this Agreement, to the extent contemplated
by Section 2.5, and every spouse of an Investor, whether or not it is believed
that such spouse has or may acquire an interest in Capital Stock and Options,
shall execute and deliver to the Company a separate Rights Agreement in the form
of this Agreement pursuant to which such person acknowledges that he or she is
bound by all of the terms and provisions of this Agreement; provided, however,
that the failure to execute and deliver such a Rights Agreement shall not be
deemed to relieve such person of the restrictions imposed by this Agreement. Any
attempted dispositions in breach of this Agreement shall be void.

                                      -21-
<PAGE>   22

           (b) Notices. (i) All communications under this Agreement shall be in
writing and shall be delivered by hand or mailed by overnight courier or by
registered or certified mail, postage prepaid:

           (1) if to the QIP Investors, c/o Soros Fund Management LLC at 888
     Seventh Avenue, Suite 3300, New York, New York 10106, marked for attention
     of Michael C. Neus, Esq., or at such other address as the QIP Investors may
     have furnished the Company in writing,

                   with a copy to:
                   Willkie Farr & Gallagher
                   One Citicorp Center
                   153 East 53rd Street
                   New York, New York 10022
                   Attn: Christopher B. Manno, Esq.
                         Facsimile: 212-821-8111, or

           (2)  if to Investor, to:

                   Ms. Helen Whelan
                   CNNfn, a division of Cable News Network LP, LLLP
                   5 Penn Plaza, 21st Floor
                   New York, New York 10001
                   Fax: (212) 714-7909

           with a copy by mail and fax, which shall not constitute notice, to:

                   Cable News Network LP, LLLP
                   One CNN Center
                   P.O. Box 105366
                   Atlanta, GA 30303
                   Attention:   General Counsel
                   Fax:  (404) 827-1995

           (3)  if to the Company, to:

                   NewsReal, Inc.
                   66 Canal Center Plaza
                   Suite 700
                   Alexandria, Virginia 22314
                   Attention: Chief Financial Officer & General Counsel
                   Fax: (703) 548-9161

           with a copy by mail and fax, which shall not constitute notice, to:

                                      -22-
<PAGE>   23

                   Fulbright & Jaworski L.L.P.
                   Market Square
                   801 Pennsylvania Avenue, N.W.
                   Washington, D.C. 20004
                   Attn: Stephen Feldhaus, Esq.
                   Facsimile: 202-662-4643

           (4) if to any of the Managing Founders, at the address of such
     Managing Founder shown on Schedule II, or at such other address as the
     Managing Founder may have furnished the Company in writing

                (ii) Any notice so addressed shall be deemed to be given: if
delivered by hand, on the date of such delivery; if mailed by courier, on the
first business day following the date of such mailing; and if mailed by
registered or certified mail, on the third business day after the date of such
mailing.

           (e) Successors and Assigns. This Agreement shall inure to the benefit
of and be binding upon the successors and assigns of each of the parties.

           (f) Entire Agreement; Amendment and Waiver. This Agreement
constitutes the entire understanding of the parties hereto relating to the
subject matter hereof and supersede all prior agreements or understandings with
respect to the subject matter hereof among such parties. This Agreement may be
amended, and the observance of any term of this Agreement may be waived, with
(and only with) the written consent of each of the Company, the QIP Investors,
and the Investor. As between the QIP Investors, the Managing Founders and
Infoseek, nothing in this Agreement shall be deemed to modify or amend the
rights or obligations of such parties arising under the Securities Purchase
Agreement or the Shareholders Agreement.

           (g) Counterparts. This Agreement may be executed in one or more
counterparts, each of which shall be deemed an original and all of which
together shall be considered one and the same agreement.

                                      -23-
<PAGE>   24

           IN WITNESS WHEREOF, the duly authorized representatives of the
undersigned corporations have executed this Agreement as of the date first
written above.

                                    CNNFN, A DIVISION OF CABLE NEWS NETWORK LP,
                                    LLLP

                                    By: /s/ LOU DOBLES
                                       -----------------------------------------
                                    Name: Lou Dobles
                                    Title:

                                    NEWSREAL, INC.

                                    By:    /s/ DAVID C. HOPPMANN
                                       -----------------------------------------
                                    Name:  David C. Hoppmann
                                    Title: President & CEO

<PAGE>   25

                                    QUANTUM INDUSTRIAL PARTNERS, LDC

                                    By:    /s/ GARY GLADSTEIN
                                       -----------------------------------------
                                    Name:  Gary Gladstein
                                    Title:

                                    GEOSOR CORPORATION

                                    By:    /s/ GARY GLADSTEIN
                                       -----------------------------------------
                                    Name:  Gary Gladstein
                                    Title:

                                    /s/ GARY GLADSTEIN
                                    --------------------------------------------
                                    GARY GLADSTEIN

                                    /s/ STEWART PAPERIN
                                    --------------------------------------------
                                    STEWART PAPERIN

                                    /s/ DOUGLAS REID
                                    --------------------------------------------
                                    DOUGLAS REID

                                      -25-
<PAGE>   26

                                    /s/ DAVID HOPPMANN
                                    --------------------------------------------
                                    DAVID HOPPMANN

                                    /s/ JEFFREY MASSA
                                    --------------------------------------------
                                    JEFFREY MASSA

                                    /s/ CATHERINE MICHELA
                                    --------------------------------------------
                                    CATHERINE MICHELA

                                    /s/ PETER MCKEE
                                    --------------------------------------------
                                    PETER MCKEE

                                      -26-

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