Document:

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                                                                   EXHIBIT 10.30

                         CURRENT NEWS LICENSE AGREEMENT

                  AGREEMENT dated as of February 1, 1999, and made in New York,
New York, between PRESS ASSOCIATION, INC. ("PA"), a wholly owned subsidiary of
The Associated Press, a New York corporation with offices at 50 Rockefeller
Plaza, New York, New York 10020, and INTELLIGENT INFORMATION INCORPORATED
("SUBSCRIBER"), a Delaware corporation with offices at One Dock Street, Suite
500, Stamford, Connecticut 06902.

         I.       Grant

                  PA hereby grants to SUBSCRIBER a non-exclusive license to
electronically market only within North America news distributed by The
Associated Press and its subsidiary, PA, through AP NEWS, as defined in
Attachment A (the "Service"). This grant is to market information supplied on
the Service to "Resellers", as defined in Attachment B, of SUBSCRIBER's
electronic news delivery system called Intelligent Information Systems (the
"System"), as defined in Attachment B, and upon the terms contained in this
Agreement, except that PA reserves to itself the exclusive right to permit such
use by, and SUBSCRIBER shall be prohibited from distributing to, news
organizations. For this purpose, the term, "news organization" shall include The
Associated Press, United Press International, Reuters, Agence France Presse, its
and their employees, subsidiaries and affiliates and any other person or entity
engaged in distribution of news and information principally to subscribers which
are engaged in whole or in part in the business of publication or broadcasting.

         II.      PA Representations and Warranties

                  A.      The Service to be utilized by SUBSCRIBER shall be
delivered to SUBSCRIBER's computer center at One Dock Street, Suite 500,
Stamford, Connecticut 06902 and to 1237 South Ridge Court, Suite 100, Hurst,
Texas 76053. SUBSCRIBER shall be responsible for obtaining, installing and
maintaining at SUBSCRIBER's expense such equipment as may be required for it to
make use of the Service and distribute that information to Resellers. SUBSCRIBER
may employ contract services to supplement its ability to parse and format
messages for its products provided that PA is notified in advance in writing and
approves of the contract service provider.

                  B.       When supplied to SUBSCRIBER, the information shall be
correct and complete to the best of PA's knowledge and belief;

                  C.       PA has the rights and licenses necessary to transmit
to SUBSCRIBER the information contained in the Service; and

                  D.      PA agrees that all promotion and advertising of its
services in which there is reference to SUBSCRIBER or Subscriber's System shall
be subject to the review and written approval of SUBSCRIBER before release.

         III.     SUBSCRIBER Representations, Warranties and Covenants for
                  Resellers

                  A.      SUBSCRIBER acknowledges that The Associated Press or
PA has the proprietary right in all information in the Service and owns the
copyright, trade secret, trade name and all other proprietary rights in and to
the Service. Information provided by PA and used by SUBSCRIBER shall bear the
Associated Press (AP) logotype and a copyright (as provided by PA in Attachment
A-1

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hereto) when the information is released by SUBSCRIBER which shall be displayed
when Resellers' subscribers access the PA information. SUBSCRIBER shall deliver
the Service to Resellers who have purchased the enabling system from SUBSCRIBER
only according to the terms of this Agreement;

                  B.      Neither SUBSCRIBER nor Resellers shall alter the
editorial content or substance of the PA Service without the specific authority
of PA and all material supplied by PA hereunder shall reside only in computers
owned or leased by SUBSCRIBER and located within the continental United States;

                  C.      SUBSCRIBER shall not furnish the Service to any
Reseller for any purpose without prior written permission from PA. SUBSCRIBER
shall submit to PA Form A (Attachment D) when requesting approval to furnish the
Service to any Reseller;

                  D.      Resellers shall not furnish the Service to any person
or entity which has not agreed in writing to the following limitations and
exclusions of liability:

                                      (i)  that such a person or entity shall
         not, directly or indirectly, publish, broadcast or distribute PA
         information in any medium, except that corporate, governmental and
         institutional subscribers may use portions of the Service for internal
         printed communications and memoranda;

                                      (ii) that such person or entity shall not
         store all or any portion of the Service in any permanent form, whether
         archival files, computer-readable files or any other medium;

                                      (iii) that neither The Associated Press
         nor PA shall be liable in any way to the SUBSCRIBER or to any Reseller
         or any third party or to any other person who may receive information
         in the Service, or to any other person whatsoever, for any delays,
         inaccuracies, errors or omissions therefrom or in the transmission or
         delivery of all or any part thereof or for any damage arising therefrom
         or occasioned thereby; and

                                      (iv) that, in no event, shall PA or The
         Associated Press be liable for any direct, consequential, punitive,
         special or any other damages arising in any way from the availability
         of the Service regardless of the form of action, whether contract or
         tort;

                  E.      SUBSCRIBER and Resellers agree that all promotion and
advertising of its services in which there is reference to the Service or The
Associated Press or PA shall be subject to the review and written approval of PA
before release, such approval not to be unreasonably withheld. If within ten
(10) business days after delivery of samples of such material, PA has not
notified the sending SUBSCRIBER of its disapproval, such material shall be
deemed approved;

                  F.      No individual portion of the Service, or the entire
Service, shall be held in SUBSCRIBER's or Resellers' computers or stored in
another medium for more than fourteen (14) days, except that SUBSCRIBER may
create archives of the Service for the purpose of data analysis to establish
customer search profiles for internal use only. Archives of the Service shall
not be available to Resellers, and shall be purged immediately from the System
upon termination of this Agreement;

                  G.      SUBSCRIBER shall, upon receipt from PA or The
Associated Press of a "kill" "elimination," "withheld," or "correction"
directive, purge and, if applicable, replace affected material and notify
Resellers of the changed status of the affected material. Any materials subject
to a "corrective"

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from PA or The Associated Press shall be prominently noted as subject to a
corrective (with instructions as to access to the applicable corrective article)
or shall be linked electronically to the corrective article itself when
Resellers' subscribers access material subject to a corrective;

                  H.      Information from the Service shall be used only in
SUBSCRIBER's System and released only to authorized Resellers within North
America and only in accordance with the terms of this Agreement. Should
SUBSCRIBER expand or otherwise modify the System, use of materials in the
Service in such expanded or modified System must have prior written approval
from PA. For the purpose of this paragraph, expansion and modification shall not
include routine bug fixes and enhancements which do not materially affect the
Service or violate provisions of this Agreement;

                  I.      SUBSCRIBER shall offer the Service to all of its
Resellers and shall offer it to its potential Resellers except where prohibited
herein;

         IV.      Payment

                  A.       SUBSCRIBER shall pay PA the greater of a monthly
Information Availability Fee (the "Fee") as follows:

         Month             Monthly Minimum Fee
         1-2               $3000/month
         3-5               $3625/month
         6-24              $4250/month

or i) monthly royalties (the "Royalties") per Reseller as defined in Attachment
C, or fifty (55%) percent of SUBSCRIBER's gross monthly charges to Reseller for
Group Products (the "Group Products), as defined in Attachment C or ii)
Royalties earned for Individual Products (the "Individual Products), defined in
Attachment C, based on the Royalty structure specified below:

<TABLE>
<CAPTION>
Number of Subscribers                               Monthly Royalty Par Handheld Wireless Device
---------------------                               --------------------------------------------
<S>                                                 <C>
0-5,000                                             $0.00/month/Handheld Wireless Device
5,001-30,000                                        $0.25/month/Handheld Wireless Device
30,001-50,000                                       $0.20/month/Handheld Wireless Device
50,001-80,000                                       $0.15/month/Handheld Wireless Device
80,001 and beyond                                   $0.10/month/Handheld Wireless Device
</TABLE>

Resellers listed in Attachment E, shall be considered already approved and
in-house and not subject to the monthly minimum of $500 as set forth below.
However, beginning with the first newly approved Reseller of Group Products and
for each Reseller of Group Products thereafter, SUBSCRIBER shall pay PA the
greater of a minimum monthly Fee per Reseller of $500 or Royalties for Group
Products as follows:

         (a) monthly Royalties of fifty five (55) percent of SUBSCRIBER's gross
monthly charges per Reseller licensed by SUBSCRIBER.

In addition, Royalties for Individual Products shall be payable as herein
defined.

All Fee versus Royalty calculations for Group Products shall be figured on a
per-Reseller basis rather than a cumulative basis.

A handheld wireless device is a product delivered over public networks including
paging, two-way radio

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and specialized mobile radio, and can be received using an alphanumeric pager,
PC card with a personal digital assistant or a laptop/palmtop personal computer,
specialized two-way devices, narrowband PCS, broadband PCS and Cellular.

                  B.      If, at the end of the first year of this Agreement or
during any subsequent year of this Agreement, SUBSCRIBER's Intelligent
Information Systems ceases to exist as a System, SUBSCRIBER may terminate the
balance of this Agreement by paying PA an amount equal to six (6) months' total
of the monthly Fee as calculated for the six-month period just ended;

                  C.      The Fee shall be due and payable by the fifteenth
(15th) day of the month for which the Fee is charged, and Royalties shall be due
and payable by the fifteenth (15th) day after the close of the month in which
the Royalties are earned. SUBSCRIBER shall deliver to PA with each Royalty
payment a list of Resellers and monthly usage figures for access to the Service.
Any payment which is late shall be subject to an interest charge of the lower of
one percent per month or the maximum rate permitted by law. All payments shall
be exclusive of taxes required to be charged SUBSCRIBER except taxes based upon
PA's net income;

                  D.      The monthly invoiced Fee shall be increased by each
General Assessment Increase ordered by The Associated Press Board of Directors.
Notice of such increases shall be given to SUBSCRIBER no later than 45 days
before such increases are to take effect and will not exceed 25% in any two-year
period. A history of General Assessment Increases is shown in the Appendix of
this Agreement for reference;

                  E.      SUBSCRIBER shall maintain books and records accurately
reflecting all matters affecting Royalties due to PA. PA, by its duly authorized
representative, shall have the right, at reasonable times and upon reasonable
notice to SUBSCRIBER, to inspect and audit such books and records to verify the
accuracy of any statement. If any inspection shall disclose any error of
whatever amount, the parties shall promptly adjust the same.

         V.       PA Password

                  SUBSCRIBER shell provide to PA products based on the Service,
at PA's request when such products are technically available in the New York
City area.

         VI.      Term and Termination

                  A.      Unless earlier terminated as hereinafter provided,
this Agreement shall take effect on February 1, 1998, or the first date upon
which PA provides the Service to SUBSCRIBER under this Agreement, and shall
continue for a period of two (2) years thereafter. It shall automatically
continue thereafter for further terms of one (1) year each, until either party
delivers to the other written notice of termination not less than sixty (60)
days prior to the end of the then-current term.

                  B.      In addition, PA, at its sole discretion, may terminate
this Agreement at any time upon sixty(60) days written termination notice to
SUBSCRIBER;

                  C.      Upon any material breach or material default of this
Agreement by either party, the other party may give notice of such breach or
default and, unless such breach or default shall be cured within thirty (30)
days after delivery of such notice (or ten (10) days in the case of the failure
of SUBSCRIBER to pay Fees and Royalties described in paragraph IV on the dates
set forth therein), then, without limiting any other remedy available at law or
equity to the non-breaching party consistent with

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the terms of the Agreement particularly paragraph VII, that party may terminate
this Agreement by delivery of a notice of termination at any time thereafter
before such breach or default has been cured;

                  D.      If either party hereto files a petition under any
chapter of the Bankruptcy Code, as amended, or for the appointment of a
receiver, or if an involuntary petition in bankruptcy is filed against such
party and said petition is not discharged within thirty (30) days, or if either
party ceases to pay its debts as they fall due or becomes insolvent or makes a
general assignment for the benefit of its creditors, or if the business or
property of either party shall come into the possession of its creditors or of
any governmental agency or of a receiver, then, in any such case and
notwithstanding any other provisions of this Agreement, the other party hereto
may at its option terminate this Agreement upon written notice to the other
party;

                  E.      Upon termination, SUBSCRIBER shall immediately cease
all use of information provided hereunder and shall remove said information
from its computer data base. In addition, SUBSCRIBER shall be responsible for
assuring the use of PA material immediately ceases by any and all Resellers.

                  F.      In the event that SUBSCRIBER issues a purchase order
to PA for purposes related to this Agreement, such purchase order will be
supplementary to this Agreement and in all instances this Agreement shall be
the controlling document in defining the terms and conditions agreed to by the
parties.

         VII.     Limitation of Liability; Indemnities

                  A.      PA shall use its best efforts to insure the accuracy
of its information. PA does not, however, guarantee the sequence, accuracy or
completeness of any such material and shall not be liable in any way to
SUBSCRIBER, Resellers, or any third parties or to any other person who may use
the information or to whom the information may be furnished, or to any other
person whatsoever, for any delays, inaccuracies, errors or omissions therefrom
or in the transmission or delivery of all or any part thereof or for any damage
arising therefrom or occasioned thereby. EXCEPT AS STATED IN PARAGRAPH VII B
BELOW, IN NO EVENT SHALL PA OR THE ASSOCIATED PRESS BE LIABLE TO SUBSCRIBER FOR
ANY DIRECT, CONSEQUENTIAL, PUNITIVE, SPECIAL, OR ANY OTHER DAMAGES ARISING FROM
THE AVAILABILITY OF THE INFORMATION, REGARDLESS OF THE FORM OF ACTION WHETHER
CONTRACT OR TORT.

                  B.      (I) Either party, at its expense, will defend any
action brought against the other based on a claim that the information or the
software supplied hereunder by the indemnifying party, infringes a United
States patent, trademark or copyright, or constitutes appropriation of a United
States based trade secret, and the indemnifying party will pay costs of the
action (including reasonable attorney's fees) and any damages finally awarded
against the other party or any users in such action; provided, however, that
such defense and payments are conditioned upon the following: (I) the
Indemnifying party shall be notified promptly in writing by the other or any
end user of the existence of any such claim; (ii) the indemnifying party have
sole control of the defense of any action on such claim and all negotiations
for its settlement or compromise; and (iii) no settlement or compromise may be
finally executed without the prior written consent of the indemnifying party.
If in the opinion of the indemnifying party, the material or software described
herein is likely to become the subject of a claim of infringement of a United
States patent, trademark or copyright, or appropriation of a United States
trade secret, the other party or the end user shall permit the indemnifying
party, at its option and expense, either (I) to procure the right to continue
use of the information or software at issue; (ii) replace or modify such
material so

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that it becomes non-infringing; or (iii) if (I) or (ii) cannot reasonably be
accomplished, to terminate this Agreement without further liability.

                          (ii) In no event shall either party have any
liability to the other or to any end user under any claim described in this
paragraph based upon the sale or use of information or any software supplied
hereunder in combination with any other product, machine, software, device or
equipment which is not approved by the indemnifying party, or results from any
modifications or attempted modifications by the other party or the end user or
failure by the other party or the end user to permit the indemnifying party to
implement modifications, unless the indemnifying party shall have expressly
consented to such action in writing.

                  C.      SUBSCRIBER shall, and hereby does, indemnify and hold
harmless PA and The Associated Press from and against all claims, losses,
liabilities and expenses arising out of or in connection with any acts of
SUBSCRIBER, its agents, contractors or employees.

         VIII.    Warranty Disclaimer

                  EXCEPT AS EXPRESSLY STATED IN THIS AGREEMENT, NEITHER PA NOR
THE ASSOCIATED PRESS MAKES ANY WARRANTIES, EXPRESS OR IMPLIED, INCLUDING NO
WARRANTY OF MERCHANTABILITY OR FITNESS FOR ANY PURPOSE.

         IX.      Unauthorized Use

                  If either party shall learn of an unauthorized transmission or
receipt of items of information included in the Service, it shall by notice
promptly and fully inform the other party of all facts known to it with respect
to such unauthorized transmission or receipt. In any such case, SUBSCRIBER shall
promptly conduct an investigation and shall keep PA fully and timely apprized of
all facts learned by it and of all interim and final findings and conclusions it
makes, as well as all steps SUBSCRIBER proposes to take to prevent recurrence of
such unauthorized transmissions or receipts. Either party may, at its own
expense, institute an action or proceeding to obtain any relief permitted in law
or equity, or both, against any person so transmitting or receiving such
information and, if any such action or proceeding be instituted, the other party
shall cooperate in all respects reasonably requested by the party maintaining
the suit.

         X.       Confidentiality

                  A.      During the term of this contract and for three years
after termination, PA and SUBSCRIBER shall maintain in confidence and not
disclose to third parties without the other's prior written consent, the
information concerning Royalty Payments and Reports outlined in Paragraph IV of
this Agreement or any other information labeled "Confidential" except for
normal reporting to each party's parent corporation, if any. PA and SUBSCRIBER
shall not disclose to unaffiliated third parties the specific terms of this
Agreement.

         B.       Notwithstanding the restrictions set forth in this Paragraph
X. neither party hereto shall have any duty of confidentiality with respect to
information or materials disclosed to it by the other party to the extent such
information:

                  i)      is or comes into the public domain through no fault of
the receiving party hereunder;

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                  ii)     is legally obtained from third parties without binder
of secrecy;

                  iii)    was previously known to the party to whom such
information is disclosed without binder of secrecy or is independently developed
by such party; or

                  iv)     is required to be disclosed by valid legal process.

         XI.      General Provisions

                  A.      Neither party will be liable to the other for any
delay or default in performing its respective obligations under this Agreement
due to causes beyond its reasonable control. So long as any such failure
continues, the party affected by conditions beyond its control will keep the
other party fully informed at all times concerning the matters causing such
delay or default and the prospects for their termination.

                  B.      Nothing in this Agreement shall be construed to
constitute or appoint either party as the agent or representative of the other
party for any purpose whatsoever, or to grant to either party any rights or
authority to assume or create any obligation or responsibility, express or
implied, for or on behalf of or in the name of the other, or to bind the other
in any way or manner whatsoever.

                  C.      All notices required by this Agreement shall be sent
in writing (by certified or registered mail, telex, overnight courier,
facsimile or telegram) to PA and SUBSCRIBER at the following addresses:

                          If to PA:

                          Press Association, Inc.
                          50 Rockefeller Plaza
                          New York, New York 10020
                          Attention:
                          Treasurer

                          and

                          Press Association, Inc.
                          50 Rockefeller Plaza
                          New York, New York 10020
                          Attention:
                          Director,
                          Information Services

                          If to SUBSCRIBER:
                          One Dock Street
                          Suite 500
                          Stamford, Connecticut 06902
                          Attention:
                          President

All notices shall be effective upon receipt. Either party may from time to time
change its address as set forth above by notifying the other party of its new
address in writing.

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                                       8

                  D.      No forbearance by either party in enforcing any of
the provisions of this Agreement and no course of dealing between the parties
shall operate to prejudice either party's rights to enforce such provisions or
operate as a waiver of any of either party's rights hereunder.

                  E.      This Agreement shall be subject to all applicable
present and future federal, state and local laws and regulations of the Federal
Communications Commission and any other federal or state agency. Neither party
shall be liable to the other for any failure to perform its obligations
hereunder, except for payment of charges already owing, which results directly
from such laws or regulations.

                  F.      This Agreement shall be governed by and construed in
accordance with the laws of the State of New York. Each party consents to the
personal jurisdiction and venue of the State and Federal courts sitting in The
City of New York.

                  G.      This Agreement may not be assigned by either party
without the prior written consent of the other but shall, in the case of any
permitted assignment, be binding upon the successors and assigns of both
parties.

                  H.      The provisions hereof, including the attachments, and
any written supplemental agreements hereto signed as of the date hereof
constitute the entire agreement between the parties relating to the
transactions contemplated herein and merge and supersede all prior discussions,
agreements, and understandings of every kind and nature between them. No oral
modifications or additions hereto shall be binding. Neither party shall be
bound by any condition, definition, warranty or representation other than as
expressly provided for in this Agreement or as may be duly set forth in a
writing signed by an authorized officer of the party hereto which is to be
bound thereby.

                  IN WITNESS WHEREOF, the parties hereto have executed this
Agreement.

INTELLIGENT INFORMATION, INC.            PRESS ASSOCIATION INC.

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

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

        1/26/99                                 1/29/99
----------------------------             ----------------------------

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                                  ATTACHMENT A
                              (Service Description)

AP ONLINE

AP Online is a news service tailored specifically for use in data base or
similar online or computer-supported environments. The report typically consists
of approximately 500 stories, or 120,000 words total, comprised of the top
national, international, Washington, financial and sports news on a given day.
AP Online is compiled and transmitted 24 hours a day, seven days a week.

LATAM

LATAM or Latin American Service is written in Spanish and covers developments in
Latin America as well as major US and international stories. The news is
provided directly from our Spanish speaking bureaus worldwide and averages 170
stories per day.

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                                       10

                                 ATTACHMENT A-1

SUBSCRIBER shall attach to the top of each piece of the Service delivered to
Resellers' subscribers the Associated Press (AP) logotype and a copyright and
reservation-of-rights notice. Such notice shall read:

                         c. AP 1996 All Rights Reserved.

                      "19XX" shall denote the current year

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                                  ATTACHMENT B
                      (Description of SUBSCRIBER's service)

Intelligent Information Incorporated offers a range of information products for
personal and business solutions to users of electric handheld devices. Its
product lines include financial, leisure, travel, sports, weather and news
information. The company markets its products to Resellers ("the Reseller"),
defined for purposes of this Agreement as redistributors of wireless information
to business users and consumers who have agreed in writing with SUBSCRIBER to
uphold all terms and conditions of this Agreement on behalf of PA. The products
are delivered over public networks, including paging, wireless email, narrowband
and broadband PCs, specialized mobile radio and two-way radio. A subscriber can
utilize an alphanumeric pager, PC card with a personal digital assistant or
palmtop, and specialized two-way communicators.

Resellers are charged a fixed monthly rate for Group Products and a monthly
Subscriber fee per Subscriber for Individual Products. A Reseller has the option
to buy both types of products. Under no circumstances will SUBSCRIBER offer the
Service to Resellers without charging for the opportunity to distribute the
Service.

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                                       12

                                  ATTACHMENT C

ROYALTIES

For purposes of this Agreement, a "Reseller" shall be defined as a redistributor
of wireless information to business users and consumers who has agreed in
writing with SUBSCRIBER to uphold all terms and conditions of this Agreement on
behalf of PA.

Royalties shall be payable in each of two ways as follows dependent on the
nature of the Reseller:

GROUP PRODUCTS

A Group Product is sold when SUBSCRIBER provides a limited number of messages
each day to a common address (sometimes referred to as PIN or CAP code or
Sub-address, depending on the network and hardware being employed for the
delivery of the messages) so that each wireless paging device receives the same
information from the Reseller. Typically the Reseller offers this type of
product free, or at a minimal charge to its subscribers.

INDIVIDUAL PRODUCTS

An individual product is sold when SUBSCRIBER provides Resellers' subscribers
with profiled messages via the System that the subscriber has pre-established.
Each of these subscribers are registered on SUBSCRIBER's System and tracked
individually. These subscribers typically receive 50 to 100 messages a month.

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                                  ATTACHMENT D
                                     FORM A

Date: _________________

Intelligent Information Inc. hereby requests permission from The Associated
Press to provide Associated Press News Services, according to the Agreement
dated May 29, 1996 to (Reseller Name) _________________________ located In
(City, State)_______________________.

Number of Subscribers on Reseller's Service:______________
Associated Press service(s) to be purchased:_____________________________
Group Product ______ individual Product _______ Both _______
Description of Reseller's Service ______________________________________________

________________________________________________________________________________

________________________________________________________________________________

________________________________________________________________________________

Reseller's charging structure___________________________________________________

________________________________________________________________________________

Target audience ________________________________________________________________

Approved:

----------------------------
          (Date)

----------------------------
      Associated Press

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                                       14

                                    APPENDIX

AP RATES

Associated Press is a cooperative, owned by member newspapers and broadcast
stations. The board of directors is elected from newspaper membership ranks or
appointed from broadcast membership. The board is responsible for voting the
yearly general rate increase. The increase is applied unilaterally to all
members and corporate customers of the Associated Press.

Rate increases take effect on February 1 each year. General increase
notification letters are sent to each AP customer in early December, no less
than forty-five days before the increase takes effect.

                  HISTORY OF GENERAL RATE INCREASES

                  1978            6.5 percent
                  1979            7.7
                  1980            11.4
                  1981            10.7
                  1982            10.8*
                  1983            9.5
                  1984            5.5
                  1985            4.7
                  1986            4.6
                  1987            2.5
                  1988            3.5
                  1989            4.4
                  1990            4.9
                  1991            3.9
                  1992            3.0
                  1993            2.5
                  1994            3.2
                  1995            2.9
                  1996            2.9

         In the early 1980's, AP invested in developing the industry's first
satellite news, photo and graphics delivery systems and has installed 4000
satellite dishes, the news industry's largest network of receivers. In 1984, AP
became the first news organization to own a satellite transponder. These
innovations in news delivery have enabled AP to deliver news more quickly, and
more cost efficiently.

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                                       15

                                  ATTACHMENT E
                      (LIST OF EXISTING APPROVED RESELLERS)

--       AirTouch Paging
--       American Paging (Group)
--       Flower City Paging
--       National Dispatch Center
--       PageMart (Group)
--       Telewaves
--       Electronic Engineering
--       TelePage Communication
--       NationPage
--       US Cellular
--       Vanguard Cellular
--       SBC Communications
--       Pacific Bell Mobile
--       PrimeCo Personal Comm L.P.
--       Omnipoint (Group)
--       U.S. Healthcare
--       MetroCall
--       SkyTel
--       USA Mobile
--       CompuServe
--       Ram
--       Ameritech

Should any of these approved Resellers who sell Individual Service subsequently
opt to sell Group Service, they will then be subject to the $500.00 monthly fee.<PAGE>   1

                                                                   EXHIBIT 10.31

                             DISTRIBUTION AGREEMENT

            This Distribution Agreement ("Agreement"), dated as of March 13,
2000, is entered into by and between CNBC.com LLC ("CNBC.com"), a Delaware
limited liability company with its principal offices at 2200 Fletcher Ave., Fort
Lee, New Jersey 07084, and i3 Mobile, Inc. ("i3"), a Delaware corporation, with
its principal offices at 181 Harbor Drive, 3rd Floor, Stamford, Connecticut
06902.

1.     DEFINITIONS.

       (a)     "Content" means all information and material, whether or not
protected by copyright, including but not limited to text, images, and other
multimedia data, provided or made available to i3 by third parties as part of
the Service.

       (b)     "Content Provider" means a third party from whom i3 acquires the
right to distribute Content provided or made available as part of the Service.

       (c)     "Designated Resellers" means AT&T Wireless Services, SBC
Communications and such other third parties approved in writing by CNBC.com
through which i3 distributes the Headlines to Users, subject to the terms of
this Agreement.

       (d)     "Headlines" means brief text headlines of articles, each of which
may include a synopsis of such article, consisting of no more than 100
characters each, which are selected by CNBC.com from stock and/or market related
articles appearing on the CNBC.com site.

       (e)     "Service" means i3's delivery of personalized information to
users of wireless devices such as mobile phones, pagers and personal digital
assistants through our distribution relationships with wireless network
operators.

       (f)     "Users" means all third parties to whom i3 may license, sell,
transfer, make available or otherwise distribute the Service.

2.     GRANTS OF LICENSE.

       (a)     Headlines. Subject to the terms and conditions of this Agreement,
CNBC.com grants i3 a non-exclusive, non-transferable license to distribute the
Headlines to the Designated Resellers and Users in North America solely for the
purpose of being viewed on cellular telephones. Each Designated Reseller shall
have the right to market and distribute the Headlines solely to such Designated
Reseller's subscribers.

       (b)     Trademarks. Subject to the terms and conditions of this
Agreement, CNBC.com grants i3 a non-exclusive, non-transferable license to use
and display the CNBC.com Marks solely in connection with the marketing and
promotion of the distribution of the Headlines through the Service; provided,
that CNBC.com shall have final right of approval over any use of the CNBC.com
Marks in connection with such marketing and promotion. i3 agrees that the
CNBC.com Marks are and will remain the sole property of CNBC.com and/or its
affiliates and agrees to do nothing inconsistent with such ownership and that
all use of the CNBC.com Marks, including all goodwill generated by i3's use
thereof, shall accrue and inure to the benefit of and be on behalf of CNBC.com,
(ii) not to register or apply for registration of any element of the CNBC.com
Marks, (iii) not to assert any adverse claim against CNBC.com based upon its use
of the CNBC.com Marks, (iv) not to challenge or contest CNBC.com's ownership of
the CNBC.com Marks, the validity of the CNBC.com Marks, or any element of the
CNBC.com Marks, or the validity of the license granted herein; and (v) to assist
CNBC.com in recording this Agreement with appropriate government authorities and
in procuring any desired registration for the CNBC.com Marks as may be requested
by CNBC.com (at CNBC.com's sole expense). CNBC.com reserves all rights to
control the use of the CNBC.com Marks, and i3 shall not use, change, or modify
the CNBC.com Marks in any manner without prior written authorization from
CNBC.com. i3 shall (1) cause the appropriate designation "TM" or the
registration symbol "(R)" to be placed adjacent to CNBC.com Marks in connection
with each use or display thereof and to indicate such additional information as
CNBC.com shall reasonably specify from time to time concerning the use of
CNBC.com Marks, and (2) comply with all applicable laws pertaining to trademarks
in force. Except as expressly granted in this Agreement, i3 shall have no other
rights of any kind in the CNBC.com Marks. Under no circumstances will anything
in this Agreement be construed as granting, by implication, estoppel or
otherwise, a license to any of CNBC.com's intellectual property other than the
use of the CNBC.com Marks and the Headlines in

                                       1

<PAGE>   2

accordance with the terms of this Agreement. i3 acknowledges that the CNBC.com
Marks are the sole property of CNBC.com and/or its affiliates, and this
Agreement only grants i3 a limited right to use the CNBC.com Marks under the
terms and conditions of this Agreement.

                                       2

<PAGE>   3

3.     OBLIGATIONS OF i3.

       (a)     Grant of Warrant. In consideration of the execution and delivery
of this Agreement, and in advance of a second phase content distribution
arrangement between the parties, simultaneously with the execution and delivery
of this Agreement, and as a condition to CNBC.com's obligations hereunder, i3
is issuing to CNBC.com a Warrant to Purchase Common Stock of i3 Mobile, Inc.
(the "Warrant") which shall entitle CNBC.com to purchase Ten Thousand (10,000)
shares of the Common Stock, par value $0.01 per share at an exercise price of
Ten Dollars ($10.00) per share.

       (b)     Additional Warrant. Pursuant to Section 4 of the letter
agreement, dated December 29, 1999, between i3 (formerly Intelligent Information
Incorporated) and NBC Interactive Media, Inc. (the "Letter Agreement"), each NBC
Entity (as defined in the Letter Agreement) which enters into a Distribution
Agreement (as defined in the Letter Agreement) with i3 shall receive a fully
vested warrant to purchase up to 20,000 shares of i3's common stock. In
addition, in the event the first Distribution Agreement is executed on or before
March 31, 2000, such warrant shall be for 30,000 shares. In the interest of
accelerating the deployment of CNBC.com content on i3's wireless platform, the
parties have agreed that CNBC.com shall provide a more limited amount of content
than originally contemplated, and in return receive a warrant to purchase only
10,000 shares of i3's common stock, rather than the 30,000 shares provided for
in the Letter Agreement. Notwithstanding the foregoing, if this Agreement is the
first distribution agreement executed between i3 and an NBC Entity, and CNBC.com
and i3 enter into a second Distribution Agreement on or before April 30, 2000,
then CNBC.com shall receive an additional warrant to purchase 20,000 shares of
common stock of i3 on the terms specified in the Letter Agreement. If this
Agreement is not the first distribution agreement executed between i3 and an NBC
Entity, and CNBC.com and i3 enter into a second Distribution Agreement at any
time after the date hereof, then CNBC.com shall receive an additional warrant to
purchase 10,000 shares of common stock of i3 on the terms specified in the
Letter Agreement. i3 shall provide written notification to CNBC.com, immediately
after receiving CNBC.com's executed copy of this Agreement, as to whether this
Agreement is the first Distribution Agreement so as to enable CNBC.com to
receive a warrant to purchase 20,000 additional shares of i3 upon execution and
delivery of a subsequent Distribution Agreement.

       (c)     Attribution to CNBC.com. i3 shall include attribution to CNBC.com
with respect to each Headline made available to Users hereunder. Such
attribution shall consist of the phrase "CNBC.com Market Update - ", or such
other similar lead-in as may be selected by CNBC.com, if feasible in bold
lettering, at the beginning of each Headline, with such attribution appearing as
text that is of a point size equal to that of the related Headline. I3 shall
require that all Designated Resellers pass through such attribution to Users
without alteration.

       (d)     Preferred Placement. i3 guarantees that the Headlines provided by
CNBC.com hereunder shall be the exclusive business and finance content appearing
on each Designated Reseller's free tier of wireless data. To the extent
technically feasible within i3's wireless platform, the Headlines shall be
accorded Preferred Placement (as defined below) in the business and finance
categories on all other platforms on which the Headlines are placed; provided,
that such Preferred Placement shall not be subject to any exclusivity or
Preferred Placement for such type of content which has been contracted for prior
to the Effective Date by a third party not affiliated with i3. Preferred
Placement shall mean (i) where a link to or display of content appears on a
list, such link or content is in the default, top-most and left-most position;
or (b) when a link to or display of content appears in a format other than a
list, the link or content is more visually prominent, or at a higher rate of
exposure, than other content partners.

       (e)     Technology and Back-end Processing. i3 shall be responsible for
all hosting and delivery of the Headlines, technical support, contractual
arrangements with Designated Resellers and other necessary parties, customer
service and all other issues involved in managing the relationship with
Designated Resellers and Users. i3 shall ensure that all Headlines are delivered
to Designated Resellers on a timely basis, but in any event within five (5)
minutes of their receipt by i3. i3 shall use all reasonable efforts to ensure
that all Headlines are then promptly delivered to Users by the Designated
Resellers.

       (f)     Marketing. i3 will ensure that CNBC.com receives (i) marketing
support equal to that of any other content provider appearing within AT&T
Wireless' and SBC Communications' free tier of wireless data, and (ii) marketing
support equal to that made available to any other similarly situated provider on
each additional platform on which the Headlines appear. At any time during the
Term (as defined below), CNBC.com may request, and i3 shall promptly provide, an
officer's certificate certifying that i3 has been and remains in compliance with
this Section.

       (g)     Promotion. Subject to the provisions of the Letter Agreement, i3
will make an aggregate of five percent (5%) of its unused inventory of wireless
advertising taglines available to CNBC.com without charge. The value of this
inventory for purposes of calculating the number of taglines allocated to CNBC
under this Section shall be calculated at the i3's rate card for run of service
taglines in effect at the time such taglines are ordered. The taglines shall
promote the products and services of CNBC.com and its affiliates, and may not
advertise, promote or mention any other product, service, web site or third
party whatsoever without the prior written consent of i3. In addition, with
respect to the placement or delivery of such taglines on any particular wireless
network, i3 may reject such taglines if they would

                                       3

<PAGE>   4

compete with or violate the rights of any other advertiser, sponsor or i3
distribution partner, as determined by i3 in its sole discretion and in good
faith.

       (h)     Review by CNBC.com. i3 shall provide CNBC.com with reasonable
access to i3's technology and systems for distribution of the Headlines to Users
for the purpose of reviewing i3's compliance with the terms and conditions of
this Agreement. In addition, i3 shall provide CNBC.com with up to six (6) full
subscriptions to receive wireless data from the Designated Resellers (as
selected by CNBC.com) at no charge.

(i)    Reporting. i3 shall provide CNBC.com with monthly reports regarding user
data that is collected or otherwise received by i3 in connection with the
delivery of the Headlines to Designated Resellers and Users, including without
limitation the number of Users that elect to receive Headlines, the percentage
of all eligible Users that elect to receive Headlines, the number of Users that
receive Headlines for free versus on a subscription basis, the names and e-mail
addresses of Users who elect to receive Headlines, and any other usable data or
information that is reasonably requested by CNBC.com (the "User Data"). i3 shall
also provide CNBC.com with aggregate data as to the number of click-throughs for
the advertising campaign described in the third sentence of Section 3(i) below
that are converted to receive CNBC.com complimentary services. All User Data
shall be provided on both an aggregate basis and broken down by Designated
Reseller. Such User Data shall be delivered to CNBC.com via e-mail or FTP in a
machine readable format as reasonably specified by CNBC.com. CNBC.com may use
the User Data for its own internal purposes, and may sell, distribute or share
such User Data with its affiliates and partners; provided, that CNBC.com shall
be required to comply with the privacy policy of each applicable Designated
Reseller. Neither i3 nor any Designated Reseller may license, sell, distribute
or share such User Data with third parties unless such User Data is (i)
aggregated with data collected with respect to other Content Providers, it being
understood that the User Data collected hereunder shall never constitute a
majority of any aggregated pool of data licensed, sold, distributed or shared by
i3 or any Designated Reseller, and (ii) in no way traceable to or identifiable
as information of, or directly related to, CNBC.com or its affiliates.

(j)    In consideration of both the execution of this Agreement, and in advance
of a second phase content distribution arrangement between the parties,
simultaneously with the execution and delivery of this Agreement, and as a
further condition to CNBC.com's obligations hereunder, i3 is entering into a
CNBC.com Confirmation Contract pursuant to which it shall purchase $200,000 in
advertising on CNBC.com. CNBC.com, the National Broadcasting Company, Inc.
("NBC") and i3 agree that such purchase shall be paid for by i3 by a reduction
of $200,000 in the Total Spot Value (as defined in the Advertising Letter (as
defined below)) to be provided to be provided to i3 by NBC pursuant to the
Letter Agreement Regarding Purchase of NBC-TV Advertising Inventory (the
"Advertising Letter"), dated December 22, 1999, between i3 and NBC. i3 shall use
the advertising purchased pursuant to this Section to promote sign-ups for the
CNBC.com complimentary services with i3's Designated Resellers. i3 shall use its
best commercial efforts to design an advertising campaign and click-through
pathway that will enable users to easily and efficiently sign-up for the
CNBC.com complimentary services.

4.     OBLIGATIONS OF CNBC.COM. Subject to the terms and conditions of this
Agreement, CNBC.com shall provide i3 with three (3) Headlines on each day that
the New York Stock Exchange is open for trading, with one (1) Headline being
made available by 7:45 a.m. Eastern time, one (1) headline being made available
at 12:45 p.m. Eastern time, and one (1) headline being made available at 4:45
p.m. Eastern time. The Headlines shall be made available to i3 via e-mail or
other mutually agreed upon electronic means. CNBC.com shall use commercially
reasonable efforts to maintain the timeliness of the Content; provided, that i3
acknowledges that, in part, CNBC.com relies on the performance of Content
Providers and technology providers outside the control of CNBC.com in order to
provide the Headlines.

5.     EDITORIAL CONTROL. CNBC.com shall retain sole editorial control over the
content and presentation of the Headlines; provided, that i3 may make changes to
the formatting of the Headlines, subject to consultation with CNBC.com, in order
to meet wireless display equipment formats. i3 shall not edit, abridge, rewrite
or in any way alter the Headlines, or create any work derived from the
Headlines, without the prior written consent of CNBC.com.

6.     PROPERTY AND PROPRIETARY RIGHTS. All rights in and to any and all
Headlines furnished by CNBC.com in connection with this Agreement, shall remain
in CNBC.com, and no right, title or interest in or to any of the same is
granted, transferred or assigned to i3 by this Agreement.

7.     PAYMENT.  Neither party shall be required to pay in fees to the other
party in connection with the services contemplated by this Agreement.

                                       4

<PAGE>   5

8.     TERM AND TERMINATION.

       (a)     Term. This term of this Agreement shall commence on the Effective
Date and shall end on March 13, 2002 (the "Term").

       (b)     Termination.

               (i)      Breach. Either party may terminate this Agreement at any
time if the other party breaches any material provision of this Agreement. Such
termination shall take effect (i) if the breach is incapable of cure, then
immediately upon the breaching party's receipt of a written notice of
termination which identifies the breach, or (ii) if the breach, capable of being
cured, has not been cured within thirty (30) days after receipt of written
notice from the non-breaching party identifying the breach, then immediately
upon receipt of a written notice of termination received within thirty (30) days
of the end or such thirty (30) day period.

               (ii)      Termination of AT&T or SBC Contracts. If at any time
i3's principal agreement with either AT&T Wireless Services or SBC
Communications is terminated or expires, then i3 shall promptly notify CNBC.com
of such event, and CNBC.com may terminate this Agreement at any time thereafter
upon written notice to i3.

               (iii)     Insolvency. Either party may terminate this Agreement
by written notice to the other if the other party becomes insolvent, makes a
general assignment for the benefit of creditors, permits the appointment of a
receiver for its business or assets, or takes steps to wind up or terminate its
business.

               (iv)      Obligations Upon Termination. Effective upon
termination of the Agreement, i3 shall immediately cease (A) licensing, selling,
transferring, making available or otherwise distributing the Headlines, and (B)
accessing, using or re-transmitting the Headlines. Within thirty (30) days of
termination, i3 shall either (X) erase and purge the Headlines from any on-line
and off-line storage media and certify in writing to CNBC.com that such erasure
and purge has been completed, or (Y) certify in writing to CNBC.com that certain
Content has been retained in creating back-ups during the normal course of
business and that such Content shall not be used in any manner whatsoever
without the prior consent of CNBC.com.

9.     REPRESENTATIONS, WARRANTIES AND COVENANTS OF CNBC.COM. CNBC.com
represents and warrants to i3, and covenants and agrees with i3, that (a) it has
the right and authority to enter into this Agreement, (b) its performance
hereunder it shall obey all applicable laws, regulations and rules of any
government body or agency or other competent authority, (c) it has the right and
authority to grant to i3 the rights in the Headlines granted hereunder, and (d)
it is under no obligation or restriction, nor will it assume any such obligation
or restriction, that does or would interfere or conflict with its obligations
under this Agreement.

10.    REPRESENTATIONS, WARRANTIES AND COVENANTS OF i3. I3 represents and
warrants to CNBC.com, and covenants and agrees with CNBC.com, that (a) it has
the right and authority to enter into this Agreement and to execute, deliver and
issue the Warrant, and to carry out and perform its obligations hereunder and
under the Warrant (b) all corporate action on the part of i3, its directors and
stockholders necessary for the authorization, execution, delivery and
performance of this Agreement and the Warrant, the authorization, sale, issuance
(or reservation for issuance) and delivery of the Warrant issued hereunder and
the common stock issuable upon exercise thereof have been taken, (c) its
performance hereunder it shall obey all applicable laws, regulations and rules
of any government body or agency or other competent authority, (d) it is under
no obligation or restriction, nor will it assume any such obligation or
restriction, that does or would interfere or conflict with its obligations under
this Agreement or under the Warrant, (e) it is a party to an agreement with each
of AT&T Wireless and SBC Communications that permits i3 to distribute the
Headlines to users of AT&T Wireless' and SBC Communications' mobile phone
services, and (f) each Designated Reseller shall require each of its Users to
agree to affirmatively agree to terms and conditions embodying the provisions
set forth in Exhibit A attached hereto.

11.    DISCLAIMER OF WARRANTIES. EXCEPT AS SPECIFICALLY SET FORTH HEREIN, EACH
PARTY DISCLAIMS ALL OTHER WARRANTIES, INCLUDING BUT NOT LIMITED TO, THE IMPLIED
WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE, RELATING TO
THIS AGREEMENT, PERFORMANCE UNDER THIS AGREEMENT, THE HEADLINES AND CONTENT, AND
EACH PARTY'S COMPUTING AND DISTRIBUTION SYSTEM.

                                       5

<PAGE>   6

12.    LIMITATION OF LIABILITY. EXCEPT WITH RESPECT TO EACH PARTY'S
INDEMNIFICATION OBLIGATIONS HEREUNDER, TO THE MAXIMUM EXTENT PERMITTED BY LAW,
NEITHER PARTY, NOR THEIR RESPECTIVE EMPLOYEES, OFFICERS, DIRECTORS, AFFILIATES,
AGENGS OR SUPPLIERS, SHALL BE LIABLE FOR ANY CONSEQUENTIAL, SPECIAL, INCIDENTAL,
OR INDIRECT DAMAGES, OR LOST OR IMPUTED PROFITS OR ROYALTIES, LOST DATA OR COST
OF PROCUREMENT OF SUBSTITUTE GOODS OR SERVICES, WHETHER FOR BREACH OF WARRANTY
OR ANY OBLIGATION ARISING THEREFROM OR OTHERWISE, HOWEVER CAUSED AND ON ANY
THEORY OF LIABILITY (INCLUDING NEGLIGENCE OR STRICT LIABILITY), AND IRRESPECTIVE
OF WHETHER THE PARTY HAS ADVISED OR BEEN ADVISED OF THE POSSIBLITY OF ANY SUCH
LOSS OR DAMAGE. BOTH PARTIES ACKNOWLEDGE AND AGREE THAT THE AMOUNTS PAYABLE
HEREUNDER ARE BASED IN PART UPON THESE LIMITATIONS, AND FURTHER AGREE THAT THESE
LIMITATIONS SHALL APPLY NOTWITHSTANDING ANY FAILURE OF ESSENTIAL PURPOSE OF ANY
LIMITED REMEDY.

13.    INDEMNIFICATION.

       (a)     Infringement Indemnification. CNBC.com shall indemnify, defend
and hold harmless i3 from and against any and all losses, claims, liabilities,
damages, costs and expenses (including, without limitation, reasonable
attorneys' fees) arising out of or incurred by i3 as a result of any actual
claim, action, proceeding or suit (each, a "Claim") alleging that the licensing,
use, reproduction, display, publishing or distribution of the Headlines by i3 in
accordance with the terms and conditions of this Agreement constitutes an
infringement of any patent, copyright, trademark, trade secret, or other
proprietary right of any third party.

       (b)     Cross Indemnity. Each party (the "Indemnifying Party") shall
indemnify and hold harmless the other party, its affiliates, and their
respective officers, directors, members, employees and agents (the "Indemnified
Party") from and against any and all Claims instituted by third parties, as well
as any and all losses, liabilities, damages, costs and expenses (including
reasonable attorneys fees) arising out of or accruing from (a) any
misrepresentation or breach of the Indemnifying Party's representations and
warranties set forth in this Agreement; and (b) any non-compliance by the
Indemnifying Party with any covenants, agreements or undertakings of such party
contained in or made pursuant to this Agreement.

14.    CONFIDENTIALITY.

       (a)     General. During the Term and for a period of two (2) years
thereafter, each party shall treat as confidential all Confidential Information
of the other party, shall not use such Confidential Information except as set
forth herein, and shall not disclose such Confidential Information to any third
party. Without limiting the foregoing, each of the parties shall use at least
the same degree of care which it uses to prevent the disclosure of its own
confidential information of like importance to prevent the disclosure of
Confidential Information disclosed to it by the other party under this
Agreement, but in no event less than reasonable care. Each party shall promptly
notify the other party of any actual or suspected misuse or unauthorized
disclosure of the other party's Confidential Information. Upon expiration or
termination of this Agreement, each party shall return all Confidential
Information received from the other party. Any breach of the restrictions
contained in this Section is a breach of this Agreement that may cause
irreparable harm to the non-breaching party. Any such breach shall entitle the
non-breaching party to injunctive relief in addition to all legal remedies.

       (b)     Exclusions. Notwithstanding the above, neither party shall have
liability to the other with regard to any Confidential Information of the other
which (i) was in the public domain at the time it was disclosed or has entered
the public domain through no fault of the receiving party, (ii) was known to the
receiving party, without restriction, at the time of disclosure, (iii) is
disclosed with the prior written approval of the disclosing party, (iv) was
independently developed by the receiving party without any use of the
Confidential Information, as reasonably demonstrated by the receiving party, (v)
becomes known to the receiving party, without restriction, from a source other
than the disclosing party without breach of this Agreement by the receiving
party and otherwise not in violation of the disclosing party's rights, (vi) is
disclosed generally to third parties by the disclosing party without
restrictions similar to those contained in this Agreement, or (vii) is disclosed
pursuant to the order or requirement of a court, administrative agency, or other
governmental body; provided, that the receiving party shall provide prompt
notice thereof to the disclosing party to enable the disclosing party to seek a
protective order or otherwise prevent or restrict such disclosure. Each party
shall be entitled to disclose the existence of this Agreement, but agrees that
the terms and conditions of this Agreement shall be treated as Confidential
Information and shall not be disclosed to any third party; provided, that each
party may disclose the terms and conditions of this Agreement (A) as required by
any court or other governmental body, (B) as otherwise required by law, (C) to
legal counsel of the parties, (D) in confidence, to accountants, banks and
financing

                                       6

<PAGE>   7

sources and their respective advisors, (E) if necessary in connection
with the enforcement of this Agreement or rights under this Agreement, or (F) in
confidence, in connection with an actual or proposed merger, acquisition or
similar transaction.

15.    MISCELLANEOUS.

       (a)     Binding Nature and Assignment. This Agreement shall be binding on
the parties hereto and their respective successors and assigns, but neither
party may assign this Agreement without the prior written consent of the other,
such consent not to be unreasonably withheld; provided, however, that this
Agreement may be assigned by CNBC.com to a direct or indirect parent, subsidiary
or affiliate without consent of i3.

       (b)     Compliance with Law. Each party shall comply with all applicable
laws, codes, ordinances, rules and regulations of the federal, state and local
governments, and of any and all political subdivisions and regulatory
authorities thereof. Each party shall obtain all necessary permits and licenses
required in connection with the performance of it obligations hereunder.

       (c)     Notices. Any notice required or permitted by this Agreement shall
be in writing and shall be deemed sufficient upon receipt, when delivered
personally or by courier or overnight delivery service, or forty-eight (48)
hours after being deposited in the regular mail as certified or registered mail
with postage prepaid, if such notice is addressed to the party to be notified at
such party's address as set forth in the preamble of this Agreement. Either
party hereto may from time to time change its address for notification purposes
by giving the other prior written notice of the new address and the date upon
which it will become effective.

       (d)     Headings. The article and section headings used herein are for
reference and convenience only and shall not enter into the interpretation
hereof.

       (e)     Relationship of Parties. i3, in furnishing services to CNBC.com
hereunder, is acting only as an independent contractor and assumes full
responsibilities for each of its employees and shall be solely responsible for
the payment of compensation to its personnel. This Agreement does not constitute
either party as the agent or legal representative of the other party and does
not create a partnership or joint venture between them.

       (f)     Severability. If any provision of this Agreement is declared or
found to be illegal, unenforceable or void, then both parties shall be relieved
of all obligations arising under such provision, but only to the extent that
such provision is illegal, unenforceable or void, it being the intent and
agreement of the parties that this Agreement shall be deemed amended by
modifying such provision to the extent necessary to make it legal and
enforceable while preserving its intent or, if that is not possible, by
substituting therefor another provision that is legal and enforceable and
achieves the same objective. If the remainder of this Agreement shall not be
affected by such declaration or finding and is capable of substantial
performance, then, each provision not so affected shall be enforced to the
extent permitted by law.

       (g)     Press Releases. Except to the extent required by applicable law
or as otherwise specified herein, any use by one party of the other party's
name, trademarks or service marks in any press releases, customer lists,
marketing materials or other announcements concerning the matters covered by
this Agreement, or for promotional, advertising or other purposes, shall require
the other party's prior written approval; provided, that CNBC.com shall have the
right to approve any description of CNBC.com and the transactions contemplated
by this Agreement which are included in any documents filed by i3 with the
Securities and Exchange Commission, such approval not to be unreasonably
withheld.

       (h)     Waivers. No delay or omission by either party hereto to exercise
any right or power hereunder shall impair such right or power or be construed to
be a waiver thereof. A waiver by either of the parties hereto of any of the
covenants to be performed by the other or any breach thereof shall not be
construed to be a waiver of any succeeding breach thereof or of any other
covenant herein contained. All remedies provided for in this Agreement shall be
cumulative and in addition to and not in lieu of any other remedies available to
either party at law, in equity or otherwise.

       (i)     Force Majeure. If the performance of this Agreement or any
obligation hereunder is prevented, restricted or interfered with by reason of
fire or other casualty or accident, acts of God, severe weather conditions, war
or other violence, any law, order, proclamation, regulation, ordinance, demand
or requirement of any governmental

                                       7

<PAGE>   8

agency, or any other act or condition beyond the reasonable control of the
parties hereto, the party whose performance is so affected shall be excused from
such performance; provided, that if either party invokes this Section for any
consecutive period of thirty (30) days or longer, then the other party may
immediately terminate this Agreement without penalty, upon written notice to
such invoking party.

       (j)     Survival of Terms. Termination or expiration of this Agreement
for any reason shall not terminate any rights, liabilities or obligations that
have either accrued prior to the effective date of termination of this Agreement
or which the parties have expressly agreed shall survive any such termination or
expiration.

       (k)     Entire Agreement. This Agreement constitutes the entire agreement
between the parties hereto with respect to the subject matter hereof, and there
are no written or oral representations, understandings or agreements relative
hereto which are not fully expressed herein. This Agreement is intended to be
the sole and exclusive statement of the agreement between the parties hereto
with respect to the subject matter hereof and any other terms or conditions
included in any forms utilized or exchanged by the parties hereto shall be of no
force or effect and shall not be incorporated herein or be binding unless
expressly agreed to in writing by both parties hereto. No change, amendment,
waiver or discharge hereof shall be valid unless in writing and signed by an
authorized representative of the party against which such change, amendment,
waiver or discharge is sought to be enforced.

       (l)     Governing Law; Jurisdiction. This Agreement and all acts and
transactions pursuant hereto and the rights and obligations of the parties
hereto shall be governed, construed and interpreted in accordance with the laws
of the State of New York, without giving effect to principles of conflicts of
law. Each of the parties to this Agreement consents to the exclusive
jurisdiction and venue of the state and federal courts of New York County, New
York.

       (m)     Counterparts. This Agreement may be executed in two or more
counterparts, each of which shall be deemed an original and all of which
together shall constitute one instrument.

       IN WITNESS WHEREOF, i3 and CNBC.com have each caused this Distribution
Agreement to be executed and delivered by its duly authorized officer, to be
effective as of the Effective Date.

i3 MOBILE, INC.                               CNBC.COM LLC

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

------------------------------                -------------------------------
Printed Name                                         Printed Name

------------------------------                -------------------------------
Title                                                Title

Solely with respect to Section 3(j):

NATIONAL BROADCASTING COMPANY, INC.

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

------------------------------
Printed Name

------------------------------
Title

                                       8

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