Document:

<PAGE>   1
                                                                   EXHIBIT 10.16

                                  BRIDGE NOTE

$4,000,000.00
NEW YORK, NEW YORK                                              MARCH 6, 2000

                  FOR VALUE RECEIVED, NEWSREAL, INC., a Delaware corporation
(the "Borrower"), hereby unconditionally promises to pay to the persons listed
on Schedule A attached hereto ("Investors") or their agent or attorney-in-fact,
ON DEMAND and in legal tender of the United States of America and in immediately
available funds at any time and at such address or at such other place as may be
designated in writing by the Investors or their agent or attorney-in-fact
("Investors' Office"), the principal sum of four million and 00/100 Dollars
($4,000,000.00), of which amount three million and 00/100 Dollars
($3,000,000.00) relates to the Borrower's Revolving Line of Credit with Hypo
-und Vereinsbank previously paid by the Investors (the "Line of Credit portion")
and one million and 00/100 Dollars ($1,000,000.00) relates to the Term Loan with
Hypo -und Vereinsbank previously paid by the Investors (the "Term Loan
portion"). The Borrower agrees to pay the Investors interest at Investors'
Office in like money, on the last day of each quarter from the date hereof and
at maturity (whether by acceleration or otherwise) on the unpaid principal
amount outstanding thereon, with interest accruing on a daily basis on the Line
of Credit portion and Term Loan portion of the principal amount from the dates
set forth in the table below, at a rate per annum equal to LIBOR plus two
percent (2%) (computed on the basis of a 360-day year and the actual number of
days elapsed, the "Base Rate") until payment thereof. For purposes hereof, the
"LIBOR" component of the Base Rate shall be adjusted at the beginning of each
quarter during the term hereof and shall mean the rate per annum quoted by the
London office of a top-tier bank selected by the Investors and agreeable to the
Borrower at which deposits in United States dollars are offered by such bank in
the London interbank market as of 11:00 a.m. London time, two London business
days prior to the first day of such quarter for delivery on such date and for
approximately the number of days in such period.

<TABLE>
<CAPTION>
Portion of Principal Amount                       Date from Which Interest Accrues
---------------------------                       --------------------------------
<S>                                                             <C>
$ 3,000,000 (Line of Credit portion)                              September 1, 1999

$ 1,000,000 (Term Loan portion)                                   December 12, 1999
</TABLE>

                  Notwithstanding the foregoing, (i) any amount of principal
and (to the extent permitted by law) interest which is not paid when due
(whether at stated maturity or otherwise) shall bear interest from the date on
which such amount is due until such amount is paid in full, at a rate of the
Base Rate plus two percent (2%) per annum, and (ii) the interest rate borne
hereby shall not exceed the maximum rate permitted by applicable law.

<PAGE>   2

                   The Borrower may prepay this Note in full or in part at any
time without premium or penalty. This Note is subject to the provisions of, and
may be converted in accordance with and pursuant to Section 2(a) of, that
certain Conversion Agreement, dated as of March 31, 1999, as amended by written
agreement dated as of March 6, 2000, by and among the Borrower and the
Investors, and the other applicable provisions thereof.

                   The principal and accrued and unpaid interest on the Note
shall automatically become due and payable in the event the Borrower shall
file, or consent by answer or otherwise to the filing against it of, a petition
for relief or reorganization or arrangement or any other petition in
bankruptcy, for liquidation or to take advantage of any state or federal
bankruptcy or insolvency law of any jurisdiction, without presentment, demand,
protest or further notice of any kind, all of which are hereby waived by the
Borrower.

                   If any payment on this Note becomes due and payable on a
Saturday, Sunday or other day on which commercial banks in New York City are
authorized or required by law to close, maturity thereof shall be extended to
the next succeeding business day with respect to payments of principal, and
interest thereon shall be payable during such extension.

                   This obligations of the Borrower under this Note are secured
by and subject to the terms and conditions of the Security Agreement of even
date herewith (hereinafter the "Security Agreement"). Reference is hereby made
to the Security Agreement, as it may be amended from time to time, for a
statement of the terms and conditions upon which the maturity date of this Note
may be accelerated.

                   This Note is not negotiable and shall not be transferred by
the Investors or any Investor without the prior written consent of the
Borrower. Except as otherwise agreed by the Investors, the Borrower may not
set-off from any amounts due under this Note any amounts due the Borrower from
the Investors or its transferees.

                   This Note is binding on the Borrower and the Borrower hereby
waives demand, presentment, protest and notice and any defense by reason of an
extension of time for payment or other indulgences. The holder of this Note
shall not by any act, delay, omission or otherwise be deemed to have waived any
of its rights or remedies under the Note, under the Security Agreement or any
other agreement which provides collateral for this Note, or under applicable
law. All rights and remedies of the holder under this Note, under the Security
Agreement or any such agreement providing collateral for this Note, and under
applicable law shall be cumulative and may be exercised successively or
concurrently. This Note shall be governed by and construed and interpreted in
accordance with the laws of the State of New York, without giving effect to
principles of conflicts of law thereof.

                   IN WITNESS WHEREOF, the undersigned has executed and
delivered this Note as an instrument under seal on the date first above
written.

<PAGE>   3

                                       NEWSREAL, INC
                                       a Delaware corporation

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

                                       3<PAGE>   1

                                                                   EXHIBIT 10.17

THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES
ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS AND NEITHER THE SECURITIES
NOR ANY INTEREST THEREIN MAY BE OFFERED, SOLD, TRANSFERRED, PLEDGED OR OTHERWISE
DISPOSED OF EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER SUCH
ACT OR SUCH LAWS OR AN EXEMPTION FROM REGISTRATION UNDER SUCH ACT AND SUCH LAWS,
WHICH, IN THE OPINION OF COUNSEL FOR THE HOLDER, WHICH COUNSEL AND OPINION ARE
REASONABLY SATISFACTORY TO COUNSEL FOR THIS CORPORATION, IS AVAILABLE.

THE SECURITIES REPRESENTED HEREBY ARE SUBJECT TO THE TERMS OF THAT CERTAIN
SHAREHOLDERS AGREEMENT, DATED AS 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.

                          WARRANT TO PURCHASE SHARES OF
                         COMMON STOCK OF BIZWATCH, INC.

                                                               December 11, 1997

       This certifies that Infoseek Corporation (the "HOLDER") is the holder of
a warrant (the "WARRANT") entitling the Holder, on the exercise thereof, subject
to the terms set forth below, to purchase from BizWatch, Inc. (the "COMPANY"),
an aggregate of 10,775 fully paid and nonassessable shares (as may be adjusted
pursuant to Section 3 below, the "WARRANT SHARES" and, together with this
Warrant, the "SECURITIES") of the Company's common stock, $.001 par value per
share (the "COMMON STOCK"), subject to adjustment as set forth below, at a price
per share (the "WARRANT EXERCISE PRICE") of $.001, at any time or from time to
time following the date hereof in accordance with, and subject to, the vesting
schedule set forth in Section 1 below, but not later than 5:00 P.M. New York
time on December 11, 2007 (the "WARRANT EXPIRATION DATE"), upon surrender to the
Company (or to such other entity or at such other location as the Company may
advise Holder in writing) of this Warrant properly endorsed with the Form of
Subscription attached hereto duly filled in, signed and guaranteed and upon
payment in cash, certified check or official bank check, payable to the order of
BizWatch, Inc. in the amount of the Warrant Exercise Price multiplied by the
number of shares of Common Stock to be acquired pursuant to such exercise (the
"AGGREGATE WARRANT PRICE"). The Warrant Exercise Price and the number of shares
of Common Stock purchasable hereunder are subject to adjustment as provided in
Section 3 of this Warrant. This Warrant and all rights hereunder, to the extent
not exercised in the manner set forth herein, shall terminate and become null
and void at 5:00 P.M. New York time on the Warrant Expiration Date. This Warrant
is the Infoseek Warrant referred to in that certain Asset Acquisition Agreement,
dated the date hereof, by and

<PAGE>   2

between the Company and the Holder (the "ASSET ACQUISITION AGREEMENT"). All
capitalized terms used herein and not otherwise defined herein shall have the
respective meanings ascribed thereto in the Asset Acquisition Agreement.

       This Warrant is subject to the following terms and conditions:

              1.     Exercise; Issuance of Certificates; Payment for Shares. The
Warrant represented hereby is exercisable at the option of the Holder at any
time or from time to time following the Closing Date in accordance with, and
subject to, the vesting schedule set forth below, until 5:00 P.M. New York time
on the Warrant Expiration Date for all or a portion of the shares of Common
Stock which may be purchased hereunder and with respect to which this Warrant is
then vested and exercisable. The Company agrees that the shares of Common Stock
purchased on the exercise of the Warrant shall be and are deemed to be issued to
the Holder as the record owner of such shares of Common Stock as of the close of
business on the date on which this Warrant shall have been surrendered and
payment made for such shares of Common Stock, subject to compliance with all
provisions of the Securities Act of 1933, as amended (the "SECURITIES ACT"), the
Securities Exchange Act of 1934, as amended, and state securities and Blue Sky
laws. Subject to the provisions of Section 2, certificates for the shares of
Common Stock so purchased, together with any other securities or property to
which the Holder is entitled upon such exercise, shall be delivered to the
Holder by the Company at the Company's expense within a reasonable time after
the rights represented by this Warrant have been exercised. Each Common Stock
certificate so delivered shall be in such denominations of Common Stock as may
be requested by the Holder and shall be registered in the name of the Holder or
such other name as shall be designated by the Holder, subject to the provisions
of Section 4 hereof. If, upon exercise of the Warrant, fewer than all of the
shares of Common Stock evidenced by this Warrant are purchased prior to the
Warrant Expiration Date, one or more new warrants substantially in the form of,
and on the terms set forth in, this Warrant will be issued for the remaining
number of shares of Common Stock not purchased upon exercise of the Warrant.

              1.1    Vesting Schedule. This Warrant shall become vested and
exercisable with respect to the Warrant Shares based upon the achievement by the
Company of certain performance goals as follows:

              (a)    On October 31, 1998, if at least 80% but less than 100% of
       each of the revenue and operating income components of the First Target
       (as defined below) is achieved by the Company, this Warrant will become
       exercisable with respect to 15% of the Warrant Shares.

              (b)    On October 31, 1998, if 100% of each of the revenue and
       operating income components of the First Target is achieved by the.
       Company, this Warrant will become exercisable with respect to 25%
       (including as part of the 25%, the 15% referred to in clause (i) above)
       of the Warrant Shares.

                                      -2-
<PAGE>   3

              (c)    On March 31, 1999, if at least 80% but less than 100% of
       each of the revenue and operating income components of the Second Target
       (as defined below) is achieved by the Company as of March 31, 1999, this
       Warrant will become exercisable with respect to 25% of the Warrant Shares
       not yet vested. For purposes hereof, 80% of the operating income
       component of the Second Target shall be equal to a cumulative operating
       income (loss) of ($1,359,000).

              (d)    On March 31, 1999, if 100% of each of the revenue and
       operating income components of the Second Target is achieved by the
       Company as of March 31, 1999, this Warrant will become exercisable with
       respect to 50% (including as part of the 50%, the 25% referred to in
       clause (iii) above) of the Warrant Shares not yet vested.

              (e)    On December 31, 1999, if at least 80% but less than 100% of
       each of the revenue and operating income components of the Third Target
       (as defined below) is achieved by the Company as of December 31, 1999,
       this Warrant will become exercisable with respect to 50% of the Warrant
       Shares not yet vested.

              (f)    On December 31, 1999, if 100% of each of the revenue and
       operating income components of the Third Target is achieved by the
       Company as of December 31, 1999, this Warrant will become exercisable
       with respect to 100% of the Warrant Shares not yet vested.

              For purposes of this Agreement: "FIRST TARGET" means cumulative
revenues of $4.3 million prior to September 30, 1998 and operating income for
the month ended October 31, 1998 shall be greater than or equal to zero; "SECOND
TARGET" means cumulative revenues and cumulative operating income (loss) of
$12,510,000 and ($1,087,000), respectively, by March 31, 1999; the "THIRD
TARGET" means cumulative revenues and cumulative operating income of $24,925,000
and $656,000, respectively, by December 31, 1999; and "CUMULATIVE REVENUES" and
"CUMULATIVE OPERATING INCOME (LOSS)" shall be calculated based on revenues and
operations of the Company commencing on January 1, 1998 and ending on the
applicable measurement date.

              1.2    Automatic Vesting. Notwithstanding anything in Section 1.1
to the contrary, this Warrant shall become fully exercisable upon the occurrence
of either of the following events:

              (a)    Any or all of the QIP Investors (as defined in that certain
       Shareholders Agreement, dated the date hereof (the "SHAREHOLDERS
       AGREEMENT"), to which the Holder is a party) sell a portion of the QIP
       Shares (as defined below) for an amount per share equal to or greater
       than the result of (A) the QIP Investors' aggregate cumulative investment
       (as defined below) to the date of such sale plus a 30% per annum
       compounded rate of return (the "IRR AMOUNT") divided by (B) 32,500
       shares of Common Stock issued pursuant to the Securities Purchase
       Agreement (as defined in the Shareholders Agreement), as adjusted from
       time to time to reflect any stock split, consolidation or dividend

                                      -3-
<PAGE>   4
      (the "QIP SHARES"); provided, however, that the fair market value (as
      defined below) per share of the QIP Investors' remaining shares of Common
      Stock is at least the result of (C) three (3) times the QIP Investors'
      aggregate cumulative investment to the date of such sale (the "TRIPLE
      AMOUNT") divided by (D) the QIP Shares. In the case of a sale of all the
      QIP Shares, to the extent then still held by the QIP Investors, or an
      Exchange Transaction (as defined in Section 3.4(b) below), this Warrant
      shall not become exercisable unless such QIP Shares were sold, on a per
      share basis, for the greater of the IRR Amount or the Triple Amount, each
      as calculated on a per share basis. For purposes hereof, "AGGREGATE
      CUMULATIVE INVESTMENT" shall mean (1) the purchase price for the QIP
      Shares plus (2) the aggregate amount of any guarantees actually delivered
      by the QIP Investors prior to the applicable date, plus (3) any further
      amounts invested by the QIP Investors in the Company prior to the
      applicable date. For purposes hereof, "FAIR MARKET VALUE" used in
      connection with the value of shares of Common Stock shall mean, with
      respect to each share, the fair market value thereof (x) as determined in
      good faith by the Board of Directors of the Company (the "Board") with at
      least one QIP Director (as defined in the Shareholders Agreement)
      concurring in such determination, or (y) if no such concurrence can be
      obtained within 30 days of submission of such matter to the Board, as
      previously determined within six months prior to the applicable date, or
      (z) if no such determination was made, then, determined as of the
      applicable date within 75 days of the applicable date, in each case by an
      independent appraiser or investment banking firm selected by the Board; in
      determining fair market value, the appraiser or firm shall be instructed
      not to apply any discount for lack of marketability or on account of the
      minority status of the shares; or

            (b)   For a period of thirty (30) consecutive days following an IPO
      (as defined in the Shareholders Agreement), the Company maintains a total
      market capitalization of at least 400% of the aggregate cumulative
      investment (as defined in clause (a) above) in the Company made by the QIP
      Investors as of the completion of the IPO.

            1.3   Cashless Exercise. In lieu of payment of the Aggregate Warrant
Price, the Holder may exercise this Warrant with respect to the Warrant Shares
that are then vested and exercisable, in whole or in part, by presentation and
surrender of this Warrant to the Company, together with a Cashless Exercise Form
attached hereto (or a reasonable facsimile thereof) duly executed (a "CASHLESS
EXERCISE"). Acceptance by the Company of such presentation and surrender shall
be deemed a waiver of the Holder's obligation to pay all or any portion of the
Aggregate Warrant Price. In the event of a Cashless Exercise, the Holder shall
exchange this Warrant for that number of shares of Common Stock determined by
multiplying the number of Warrant Shares being exercised by a fraction, the
numerator of which shall be the difference between the then current market price
per share of the Common Stock and the Warrant Exercise Price, and the
denominator of which shall be the then current market price per share of Common
Stock. For purposes of any computation under this Section 1.3, the then current
market price per share of Common Stock at any date shall be deemed

                                       -4-

<PAGE>   5

to be the average for the five consecutive business days immediately prior to
the Cashless Exercise of the daily closing prices of the Common Stock on the
principal national securities exchange on which the Common Stock is admitted to
trading or listed, or if not listed or admitted to trading on any such exchange,
the closing prices as reported by the Nasdaq National Market, or if not then
listed on the Nasdaq National Market, the average of the highest reported bid
and lowest reported asked prices as reported by the National Association of
Securities Dealers, Inc. Automated Quotations System ("NASDAQ") or if not then
publicly traded, the fair market price of the Common Stock as determined by the
Board.

            2.    Shares to be Fully Paid; Reservation of Shares. The Company
covenants and agrees that all shares of Common Stock which may be issued upon
the exercise of the rights represented by this Warrant will, upon issuance, be
duly authorized, validly issued, fully paid and nonassessable and free from all
preemptive rights of any stockholder and free of all taxes, liens and charges
with respect to the issue thereof, subject to the provisions of Section 4
hereof. The Company further covenants and agrees that during the period within
which the rights represented by this Warrant may be exercised, the Company will
at all times have authorized and reserved, for the purpose of issue or transfer
upon exercise of the subscription rights evidenced by this Warrant, a sufficient
number of shares of authorized but unissued Common Stock, when and as required
to provide for the exercise of the rights represented by this Warrant. The
Company will take all such reasonable action as may be necessary to assure that
such shares of Common Stock may be issued as provided herein without violation
of any applicable law or regulation, or of any requirements of any domestic
securities exchange or automated quotation system upon which the shares of
Common Stock may be listed.

            3.    Adjustment of Warrant Exercise Price; Number of Shares. The
Warrant Exercise Price and the number of shares of Common Stock purchasable
upon the exercise of this Warrant shall be subject to adjustment from time to
time upon the occurrence of certain events described in Section 3.1. Upon each
adjustment of the Warrant Exercise Price, the holder of this Warrant shall
thereafter be entitled to purchase, at the Warrant Exercise Price resulting from
such adjustment, the number of shares of Common Stock obtained by multiplying
the Warrant Exercise Price in effect immediately prior to such adjustment by the
number of shares of Common Stock purchasable pursuant hereto immediately prior
to such adjustment, and dividing the product thereof by the Warrant Exercise
Price resulting from such adjustment.

            3.1   Subdivision or Combination of Common Stock and Common Stock
Dividend. In case the Company shall at any time subdivide its outstanding shares
of Common Stock into a greater number of shares of Common Stock, the Warrant
Exercise Price in effect immediately prior to such subdivision shall be
proportionately reduced, and conversely, in case the outstanding shares of
Common Stock of the Company shall be combined into a smaller number of shares
of Common Stock, the Warrant Exercise Price in effect immediately prior to such
combination shall be proportionately increased. In case the Company shall at any
time declare a dividend

                                      -5-
<PAGE>   6

upon its Common Stock payable solely in shares of Common Stock, the Warrant
Exercise Price in effect immediately prior to such dividend shall be
proportionately reduced.

            3.2   Notice of Adjustment. Upon any adjustment of the Warrant
Exercise Price, any increase or decrease in the number of shares of Common Stock
purchasable upon the exercise of this Warrant or following consummation of a
Exchange Transaction, the Company shall give written notice thereof to the
Holder. The notice shall be signed by the Company's chief executive or chief
financial officer and shall state the Warrant Exercise Price resulting from such
adjustment, the increase or decrease, if any, in the number of shares of Common
Stock purchasable at such price upon the exercise of this Warrant, and any
change pursuant to Section 3.4, setting forth in reasonable detail the method of
calculation and the facts upon which such calculation is based.

            3.3   Other Notices. If at any time:

            (a)   the Company shall declare any cash dividend upon its Common
      Stock;

            (b)   the Company shall declare any dividend upon its Common Stock
      payable in Common Stock (other than a dividend payable solely in shares of
      Common Stock) or make any special dividend or other distribution to the
      holders of its Common Stock;

            (c)   there shall be any consolidation or merger of the Company with
      another corporation, or a sale of all or substantially all of the
      Company's assets to another corporation; or

            (d)   there shall be a voluntary or involuntary dissolution,
      liquidation or winding-up of the Company;

then, in any one or more of said cases, the Company shall give the Holder,
pursuant to the provisions of Section 8 hereof, (i) at least ten (10) calendar
days' prior written notice of the date on which the books of the Company shall
close or a record date shall have occurred for such dividend or distribution or
for determining rights to vote in respect of any such consolidation, merger,
sale, dissolution, liquidation or winding-up, and (ii) in the case of any such
consolidation, merger, sale, dissolution, liquidation or winding-up, at least
ten (10) calendar days' written notice of the date when the same shall take
place. Any notice given in accordance with clause (i) above shall also specify,
in the case of any such dividend or distribution, the date on which the holders
of Common Stock shall be entitled thereto. Any notice given in accordance with
clause (ii) above shall also specify the date on which the holders of Common
Stock shall be entitled to exchange their Common Stock for securities or other
property deliverable upon such consolidation, merger, sale, dissolution,
liquidation or winding-up, as the case may be. Notwithstanding anything
contained herein to the contrary, if the Holder does not exercise this Warrant
prior to a record date or the occurrence of an event described

                                      -6-

<PAGE>   7

above, as applicable, except as provided in Sections 3.1 and 3.4, the Holder
shall not be entitled to receive the benefits accruing to existing holders of
the Common Stock in such event.

             3.4    Changes in Common Stock.

             (a)    Reorganization, Reclassification, Consolidation, Merger or
      Sale of Assets. If any capital reorganization or reclassification of the
      capital stock of the Company, or an Exchange Transaction, or the sale of
      all or substantially all of its assets to another corporation shall be
      effected in such a way that holders of Common Stock shall be entitled to
      receive stock, securities, cash or other property with respect to or in
      exchange for Common Stock, then, as a condition of such reorganization,
      reclassification, Exchange Transaction or sale, lawful and adequate
      provision shall be made whereby the holder of this Warrant shall have the
      right to acquire and receive upon exercise of this Warrant such shares of
      stock, securities, cash or other property issuable or payable (as part of
      the reorganization, reclassification, Exchange Transaction or sale) with
      respect to or in exchange for such number of outstanding shares of the
      Company's Common Stock as would have been received upon exercise of this
      Warrant at the Warrant Exercise Price then in effect and which represent
      Warrant Shares that (i) are vested and exercisable as of the date
      immediately preceding such reorganization, reclassification, Exchange
      Transaction or sale or (ii) which would fully vest (i.e., with respect to
      100% of the Warrant Shares) in accordance with Section 1.2 above if the
      consideration to be received in such a transaction meets the threshold
      for automatic vesting as set forth in Section 1.2 above. The Company will
      not effect any such Exchange Transaction or sale, unless prior to the
      consummation thereof the successor corporation (if other than the
      Company) resulting from such Exchange Transaction or the corporation
      purchasing such assets shall assume by written instrument mailed or
      delivered to the holder of this Warrant at the last address of such
      holder appearing on the books of the Company, the obligation to deliver
      to such holder such shares of stock, securities or assets as, in
      accordance with the foregoing provisions, such holder may be entitled to
      purchase. If a purchase, tender or exchange offer is made to and accepted
      by the holders of more than 50% of the outstanding shares of Common Stock
      of the Company, the Company shall not effect any Exchange Transaction or
      sale with the person having made such offer or with any Affiliate of such
      person, unless prior to the consummation of such Exchange Transaction or
      sale the holder of this Warrant shall have been given a reasonable
      opportunity to then elect to receive upon the exercise of this Warrant
      either the stock, securities or assets then issuable with respect to the
      Common Stock of the Company or the stock, securities or assets, or the
      equivalent, issued to previous holders of the Common Stock in accordance
      with such offer, in each case with respect to Warrant Shares that are
      vested and exercisable as of the date immediately preceding such
      reorganization, reclassification, Exchange Transaction or sale or which,
      immediately after giving effect to such a transaction, would be vested
      pursuant to Section 1.2 above. For purposes hereof the term "AFFILIATE"
      with

                                      -7-

<PAGE>   8

      respect to any given person shall mean any person controlling, controlled
      by or under common control with the given person. This Warrant shall
      terminate with respect to any Warrant Shares that are not vested or
      deemed vested pursuant to this Section 3.4 as of the date of any
      reorganization, reclassification, Exchange Transaction or sale referred
      to above effective simultaneously with such a transaction.

             (b)    For purposes hereof, the term "EXCHANGE TRANSACTION" means
      a merger (other than a merger of the Company in which the holders of
      Common Stock immediately prior to the merger have the same proportionate
      ownership of Common Stock in the surviving corporation immediately after
      the merger), consolidation, acquisition of property or stock, separation,
      reorganization (other than a mere reincorporation or the creation of a
      holding company), liquidation of the Company or any other similar
      transaction or event so designated by the Board, in its sole discretion,
      as a result of which the stockholders of the Company receive cash, stock
      or other property in exchange for or in connection with their shares of
      Common Stock.

             4.     Registration  Rights.  The Warrant Shares are entitled to
the benefit of certain registration rights pursuant to the Shareholders
Agreement.

             5.     Issue Tax. The issuance of certificates for shares of
Common Stock upon the exercise of this Warrant shall be made without charge to
the Holder for any issue tax in respect thereof; provided, however, that the
Company shall not be required to pay any tax which may be payable in respect of
any transfer involved in the issuance and delivery of any certificate in a name
other than that of the Holder.

             6.     No Voting or Dividend Rights; Limitation of Liability.
Nothing contained in this Warrant shall be construed as conferring upon the
Holder hereof the right to vote or to consent or to receive notice as a
stockholder in respect of meetings of stockholders for the election of
directors of the Company or any other matters or any rights whatsoever as a
stockholder of the Company. No cash dividends shall be payable or accrued in
respect of this Warrant or the shares of Common Stock purchasable hereunder
until, and only to the extent that, this Warrant shall have been exercised. No
provisions hereof, in the absence of affirmative action by the Holder to
purchase shares of Common Stock, and no mere enumeration herein of the rights
or privileges of the Holder hereof shall give rise to any liability of the
Holder for the Warrant Exercise Price or as a stockholder of the Company
whether such liability is asserted by the Company or by its creditors.

             7.     Restrictions on Transferability of Securities; Compliance
With Securities Act.

             7.1    Restrictions  on  Transferability. None of the Securities
may be sold, transferred, assigned or hypothecated by the Holder except in
compliance with the provisions of the Securities Act. Without limiting the
foregoing, no sale, transfer,

                                      -8-

<PAGE>   9

assignment or hypothecation will be permitted if, as a result of such
transaction, the offer of the Securities could, in the opinion of counsel to
the Company, result in a violation of the Securities Act. In addition, the
Securities shall not be transferable except upon the conditions specified in
the Shareholders Agreement. The Holder hereby agrees that the Holder shall only
transfer the Securities in accordance with, and shall require as a condition of
such transfer that the transferee agree to be bound by and subject to, the
terms and conditions of this Warrant (in the case of a transfer of this
Warrant) and the Shareholders Agreement.

             7.2    Restrictive Legend. Each certificate representing the
Securities or any other securities issued in respect of the Securities upon any
Common Stock split, Common Stock dividend, recapitalization, merger,
consolidation or similar event, shall be stamped or otherwise imprinted with a
legend in substantially the following form:

             THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER
             THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES
             LAWS AND NEITHER THE SECURITIES NOR ANY INTEREST THEREIN MAY BE
             OFFERED, SOLD, TRANSFERRED, PLEDGED OR OTHERWISE DISPOSED OF
             EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER SUCH
             ACT OR SUCH LAWS OR AN EXEMPTION FROM REGISTRATION UNDER SUCH ACT
             AND SUCH LAWS, WHICH, IN THE OPINION OF COUNSEL FOR THE HOLDER,
             WHICH COUNSEL AND OPINION ARE REASONABLY SATISFACTORY TO COUNSEL
             FOR THIS CORPORATION, IS AVAILABLE.

             THE SECURITIES REPRESENTED HEREBY ARE SUBJECT TO THE TERMS OF THAT
             CERTAIN SHAREHOLDERS AGREEMENT, DATED AS 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.

             7.3    Ownership. The Company and any agent of the Company may
treat the person in whose name this Warrant is registered on the register kept
at the offices of the Company as the owner and holder thereof for all purposes,
except that, if and when this Warrant is properly assigned in blank, the
Company and any agent of the Company may (but shall not be obligated to) treat
the bearer thereof as the owner of this Warrant. This Warrant, if properly
assigned, may be exercised by a new holder without first having a new Warrant
issued.

                                      -9-
<PAGE>   10
      8.      Modification  and Waiver.  This Warrant and any provision hereof
may be changed, waived, discharged or terminated only by an instrument in
writing signed by the party against which enforcement of the same is sought.

      9.      Notices. Any notice, request or other document required or
permitted to be given or delivered to the Holder or the Company shall be
personally delivered, sent by certified or registered mail, postage prepaid,
sent by overnight courier for next-day delivery, or sent by telecopier, if to
the Holder at its address or telecopy number as shown on the books of the
Company, or if to the Company at its principal office at 1199 North Fairfax
Street, Suite 800, Alexandria, Virginia 22314, and any notice, request or other
document shall be deemed to have been given upon receipt if personally
delivered, on the fifth day after being mailed if mailed, on the first business
day after being sent by overnight courier if sent by overnight courier, and when
sent with confirmation received if telecopied. The Company shall notify the
Holder in writing of any change of address of the Company within a reasonable
time following such change of address.

      10.     Descriptive Headings and Governing Law. The descriptive headings
of the several sections and paragraphs of this Warrant are inserted for
convenience only and do not constitute a part of this Warrant. Except to the
extent that the Delaware General Corporation Law applies to matters related to
internal governance of the Company and the rights of the holders of its
securities, this Warrant shall be construed and enforced in accordance with, and
the rights of the parties shall be governed by, the laws of the State of
Virginia.

      11.     Lost Warrant or Common Stock Certificates. The Company agrees that
upon receipt of evidence reasonably satisfactory to the Company of the loss,
theft, destruction, or mutilation of this Warrant or any Common Stock
certificate deliverable upon the exercise hereof and, in the case of any such
loss, theft or destruction, upon receipt of an indemnity and, if requested, bond
reasonably satisfactory to the Company, or in the case of any such mutilation
upon surrender and cancellation of this Warrant or such Common Stock
certificate, the Company at its expense will make and deliver a new Warrant or
Common Stock certificate, of like tenor, in lieu of the lost, stolen, destroyed
or mutilated Warrant or Common Stock certificate.

      12.     Fractional  Shares.  No fractional shares of Common Stock shall
be issued upon exercise of this Warrant.

             [The remainder of this page intentionally left blank.]

                                      -10-
<PAGE>   11

      IN WITNESS WHEREOF, this Warrant has been executed as of the date
first above written.

                                       BIZWATCH, INC.

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

Agreed to and accepted by:

INFOSEEK CORPORATION

By:  /s/ LESLIE E. WRIGHT
    --------------------------------
     Name:   Leslie E. Wright
     Title: VP FIN & CFO
                Vice President Finance & CFO

<PAGE>   12
                                 BIZWATCH, INC.
                              FORM OF SUBSCRIPTION

BizWatch, Inc.
1199 North Fairfax Street
Suite 800
Alexandria, Virginia 22314

      The undersigned hereby irrevocably elects to exercise the right of
purchase represented by the within Warrant for, and to purchase thereunder,
______________ shares of Common Stock provided for therein, and requests that
certificates for such shares of Common Stock be issued in the name of:

----------------------------------------------------------------------------

(Please print name, address, and social security number/tax identification
number:)

----------------------------------------------------------------------------

and, if said number of shares of Common Stock shall not be all the shares of
Common Stock purchasable thereunder, that a new Warrant for the balance
remaining of the shares of Common Stock purchasable under the within Warrant be
registered in the name of the undersigned Holder or his or her Assignee as
below indicated and delivered to the address stated below.

Dated: ____________

Name of Holder
or Assignee:

----------------------------------------------------------------------------
                    (Please print)

Address:
        --------------------------------------------------------------------

Signature:
          ------------------------------------------------------------------

          NOTE: The above  signature  must  correspond  exactly with
          the name on the first page of this Warrant or with the name
          of the assignee appearing in the assignment form below.

                                      -12-

<PAGE>   13

                                 BIZWATCH, INC.
                             CASHLESS EXERCISE FORM
           (To be executed upon exercise of Warrant pursuant to Section 1.3)

       The undersigned hereby irrevocably elects to surrender __________ shares
purchasable under this Warrant for such shares of Common Stock issuable in
exchange therefor pursuant to the Cashless Exercise provisions of the within
Warrant, as provided for in Section 1.3 of such Warrant.

        Please issue a certificate or certificates for such Common Stock in the
name of, and pay cash for fractional shares in the name of:

-------------------------------------------------------------------------------
(Please print name, address, and social security number/tax identification
number:)

-------------------------------------------------------------------------------
and, if said number of shares of Common Stock shall not be all the shares of
Common Stock purchasable thereunder, that a new Warrant for the balance
remaining of the shares of Common Stock purchasable under the within Warrant be
registered in the name of the undersigned Holder or his or her Assignee as below
indicated and delivered to the address stated below.

Dated: ____________

Name of Holder
or Assignee:

-------------------------------------------------------------------------------
                                 (Please print)

Address:
        -----------------------------------------------------------------------

Signature:
          ---------------------------------------------------------------------

                 NOTE: The above  signature  must  correspond  exactly with
                 the name on the first page of this Warrant or with the name
                 of the assignee appearing in the assignment form below.

                                      -13-

<PAGE>   14

                                 BIZWATCH, INC.
                               FORM OF ASSIGNMENT
                (To be executed only upon assignment of Warrant)

FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers unto

-------------------------------------------------------------------------------
         (Name and address of Assignee must be printed or typewritten)

the within Warrant, hereby irrevocably constituting and appointing

-------------------------------------------------------------------------------
attorney to transfer said Warrant on the books of the Company, with full power
of substitution in the premises.

Dated:
      --------------  -------------------------------------------------------
                         Signature of Registered Holder

         NOTE: The signature of this Assignment must correspond with the name
         exactly as it appears upon the face of the within Warrant in every
         particular, without alteration or enlargement or any change whatever.
         The signature must be guaranteed by a commercial bank or trust company
         or by a member firm of the New York Stock Exchange, Inc., the American
         Stock Exchange, Inc. or a member of the National Association of
         Securities Dealers, Inc.

                                      -14-

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