Document:

EXHIBIT 10.4

                            INDEMNIFICATION AGREEMENT

      THIS INDEMNIFICATION  AGREEMENT, dated as of November 19, 2004, is made by
and between KNOBIAS, INC., a Delaware corporation (the "Company"), and Robert L.
Atkins (the "Indemnitee").

                                 R E C I T A L S

      A.    The  Company is aware that  competent  and  experienced  persons are
increasingly reluctant to serve as directors, officers or agents of corporations
unless   they  are   protected   by   comprehensive   liability   insurance   or
indemnification,  due to  increased  exposure  to  litigation  costs  and  risks
resulting from their service to such corporations,  and due to the fact that the
exposure frequently bears no reasonable relationship to the compensation of such
directors, officers and other agents;

      B.    The  statutes  and  judicial  decisions   regarding  the  duties  of
directors and officers are often  difficult to apply,  ambiguous or conflicting,
and therefore fail to provide such directors, officers and agents with adequate,
reliable  knowledge  of legal  risks to which they are  exposed  or  information
regarding the proper course of action to take;

      C.    Plaintiffs often seek damages in such large amounts and the costs of
litigation may be so enormous (whether or not the case is meritorious), that the
defense or settlement of such litigation is often beyond the personal  resources
of directors, officers and other agents;

      D.    The Company  believes that it is unfair for its directors,  officers
and agents and the directors,  officers and agents of its subsidiaries to assume
the risk of huge  judgments and other expenses which may occur in cases in which
the director,  officer or agent  received no personal  profit and in cases where
the director, officer or agent was not culpable;

      E.    The Company  recognizes that the issues in controversy in litigation
against a director, officer or agent of a corporation such as the Company or its
subsidiaries  are often  related to the  knowledge,  motives  and intent of such
director,  officer or agent,  that he is usually the only witness with knowledge
of the essential facts and exculpating circumstances regarding such matters, and
that the long  period of time which  usually  elapses  before the trial or other
disposition of such litigation  often extends beyond the time that the director,
officer or agent can reasonably  recall such matters;  and may extend beyond the
normal time for retirement  for such director,  officer or agent with the result
that he,  after  retirement  or in the event of his death,  his  spouse,  heirs,
executors  or  administrators,  may be faced  with  limited  ability  and  undue
hardship  in  maintaining  an  adequate  defense,  which may  discourage  such a
director, officer or agent from serving in that position;

<PAGE>

      F.    Based upon  their  experience  as  business  managers,  the Board of
Directors of the Company (the "Board") has concluded that, to retain and attract
talented and experienced individuals to serve as directors,  officers and agents
of the Company and its  subsidiaries  and to encourage such  individuals to take
the  business   risks   necessary  for  the  success  of  the  Company  and  its
subsidiaries,  it is necessary  for the Company  contractually  to indemnify its
directors,  officers  and agents and the  directors,  officers and agents of its
subsidiaries,  and to assume for  itself  maximum  liability  for  expenses  and
damages in connection with claims against such directors, officers and agents in
connection  with their  service to the  Company  and its  subsidiaries,  and has
further  concluded that the failure to provide such contractual  indemnification
could result in great harm to the Company and its subsidiaries and the Company's
stockholders;

      G.    Section 145 of the General Corporation Law of Delaware,  under which
the Company is organized ("Section 145"),  empowers the Company to indemnify its
directors,  officers, employees and agents by agreement and to indemnify persons
who serve, at the request of the Company, as the directors,  officers, employees
or agents of other corporations or enterprises,  and expressly provides that the
indemnification provided by Section 145 is not exclusive.

      H.    The Company has requested Indemnitee to serve as a director, officer
or agent of the  Company or one or more  subsidiaries  of the  Company,  and the
Indemnitee  is willing to serve the  Company in such  capacity,  free from undue
concern for claims for damages arising out of or related to such services to the
Company or one or more  subsidiaries  of the Company,  and  provided  that he is
furnished the indemnity provided for herein.

      NOW, THEREFORE,  the parties hereto, intending to be legally bound, hereby
agree as follows:

1.    DEFINITIONS.

      (a) Agent.  For the  purposes  of this  Agreement,  "agent" of the Company
means any person who is or was a director,  officer,  employee or other agent of
the Company or a subsidiary of the Company,  or is or was serving at the request
of, for the  convenience  of, or to represent  the interests of the Company or a
subsidiary of the Company as a director,  officer,  employee or agent of another
foreign or domestic  corporation,  partnership,  joint  venture,  trust or other
enterprise,  or was a  director,  officer,  employee  or agent of a  foreign  or
domestic  corporation  which was a predecessor  corporation  of the Company or a
subsidiary  of the  Company,  or was a director,  officer,  employee or agent of
another  enterprise at the request of, for the  convenience  of, or to represent
the interests of such predecessor corporation.

      (b) Expenses.  For purposes of this Agreement,  "expenses" include all out
of pocket expenses or costs of any type or nature whatsoever (including, without
limitation,  all  attorneys'  fees  and  related  disbursements),  actually  and
reasonably   incurred  by  the   Indemnitee  in   connection   with  either  the
investigation,  defense or appeal of a proceeding or establishing or enforcing a
right to  indemnification  under this  Agreement  or Section  145 or  otherwise;
provided, however, that "expenses" shall not include any judgments, fines, ERISA
excise taxes or penalties,  or amounts paid in  settlement of a proceeding.

                                       2
<PAGE>

      (c) Proceeding. For the purposes of this Agreement, "proceeding" means any
threatened,  pending,  or completed action,  suit or other  proceeding,  whether
civil, criminal, administrative, or investigative.

      (d)  Subsidiary.  For purposes of this Agreement,  "subsidiary"  means any
corporation,  partnership,  limited  liability  company or other entity of which
more  than  50% of the  outstanding  voting  securities  is  owned  directly  or
indirectly by the Company, by the Company and one or more other subsidiaries, or
by one or more other subsidiaries.

2.    AGREEMENT  TO  SERVE.  The  Indemnitee  agrees  to  serve  as Agent of the
Company, at its will (or under separate agreement, if such agreement exists), in
the capacity  Indemnitee  currently  serves,  so long as he is duly appointed or
elected and qualified in accordance with the applicable provisions of the Bylaws
of the Company or any subsidiary of the Company or until such time as he tenders
his resignation in writing;  provided,  however,  that nothing contained in this
Agreement is intended to create any right to continued employment by Indemnitee.

3.    LIABILITY INSURANCE.

      (a) Maintenance of D&O Insurance.  The Company hereby covenants and agrees
that,  so long as the  Indemnitee  shall  continue  to  serve as an Agent of the
Company  and  thereafter  so long as the  Indemnitee  shall  be  subject  to any
possible  proceeding by reason of the fact that the  Indemnitee  was an Agent of
the Company,  the Company,  subject to Section 3(c),  shall promptly  obtain and
maintain in full force and effect directors' and officers'  liability  insurance
("D&O Insurance") in reasonable amounts from established and reputable insurers.

      (b) Rights and Benefits. In all policies of D&O Insurance,  the Indemnitee
shall be named as an insured in such a manner as to provide the  Indemnitee  the
same rights and  benefits as are accorded to the most  favorably  insured of the
Company's  directors,  if the  Indemnitee  is a  director;  or of the  Company's
officers,  if the Indemnitee is not a director of the Company but is an officer;
or of the  Company's  key  employees,  if the  Indemnitee  is not a director  or
officer but is a key employee.

      (c) Limitation on Required  Maintenance of D&O Insurance.  Notwithstanding
the  foregoing,  the Company  shall have no obligation to obtain or maintain D&O
Insurance  if the Company  determines  in good faith that such  insurance is not
reasonably available,  the premium costs for such insurance are disproportionate
to the amount of coverage  provided,  the coverage provided by such insurance is
limited  by  exclusions  so  as to  provide  an  insufficient  benefit,  or  the
Indemnitee  is covered by similar  insurance  maintained  by a subsidiary of the
Company.

4.    MANDATORY  INDEMNIFICATION.  Subject to Section 9 below, the Company shall
indemnify the Indemnitee as follows:

      (a) Successful  Defense.  To the extent the Indemnitee has been successful
on the merits or  otherwise  in defense of any  proceeding  (including,  without
limitation, an action by or in the right of the Company) to which the Indemnitee
was a party by reason of the fact that he is or was an Agent of the  Company  at
any time,  against all expenses of any type  whatsoever  actually and reasonably
incurred by him in connection with the investigation,  defense or appeal of such
proceeding.

                                       3
<PAGE>

      (b) Third Party  Actions.  If the  Indemnitee  is a person who was or is a
party or is  threatened  to be made a party  to any  proceeding  (other  than an
action  by or in the right of the  Company)  by reason of the fact that he is or
was an Agent of the Company, or by reason of anything done or not done by him in
any such capacity,  the Company shall  indemnify the Indemnitee  against any and
all expenses and liabilities of any type whatsoever (including,  but not limited
to,  judgments,  fines,  ERISA excise taxes and  penalties,  and amounts paid in
settlement)  imposed by a court or governmental entity or otherwise actually and
reasonably  incurred  by him in  connection  with  the  investigation,  defense,
settlement or appeal of such  proceeding,  provided the Indemnitee acted in good
faith and in a manner he reasonably believed to be in or not opposed to the best
interests of the Company and its stockholders, and, with respect to any criminal
action or  proceeding,  had no  reasonable  cause to  believe  his  conduct  was
unlawful.

      (c)  Derivative  Actions.  If the  Indemnitee  is a person who was or is a
party or is threatened  to be made a party to any  proceeding by or in the right
of the Company by reason of the fact that he is or was an Agent of the  Company,
or by  reason  of  anything  done or not done by him in any such  capacity,  the
Company  shall  indemnify  the  Indemnitee  against all  expenses  actually  and
reasonably  incurred  by him in  connection  with  the  investigation,  defense,
settlement, or appeal of such proceeding,  provided the Indemnitee acted in good
faith and in a manner he reasonably believed to be in or not opposed to the best
interests of the Company and its  stockholders;  except that no  indemnification
under this  subsection  4(c)  shall be made in  respect  to any claim,  issue or
matter as to which such person shall have been finally  adjudged to be liable to
the Company by a court of competent  jurisdiction  unless and only to the extent
that the  court in which  such  proceeding  was  brought  shall  determine  upon
application  that,  despite the adjudication of liability but in view of all the
circumstances  of the case,  such  person is fairly and  reasonably  entitled to
indemnity for such amounts which the court shall deem proper.

      (d) Actions where  Indemnitee is Deceased.  If the  Indemnitee is a person
who was or is a party or is threatened  to be made a party to any  proceeding by
reason  of the fact that he is or was an Agent of the  Company,  or by reason of
anything done or not done by him in any such  capacity,  and if prior to, during
the pendency of after completion of such proceeding Indemnitee becomes deceased,
the Company shall indemnify the Indemnitee's heirs, executors and administrators
against any and all expenses and liabilities of any type whatsoever  (including,
but not limited to,  judgments,  fines,  ERISA excise taxes and  penalties,  and
amounts  paid in  settlement)  actually  and  reasonably  incurred to the extent
Indemnitee  would have been  entitled  to  indemnification  pursuant to Sections
4(a), 4(b), or 4(c) above were Indemnitee still alive.

      (e) Payment Under Policy. Notwithstanding the foregoing, the Company shall
not be obligated to indemnify the  Indemnitee for expenses or liabilities of any
type whatsoever (including,  but not limited to, judgments,  fines, ERISA excise
taxes and  penalties,  and  amounts  paid in  settlement)  for which  payment is
actually made to Indemnitee  under a valid and collectible  insurance  policy of
D&O Insurance,  or under another valid and enforceable  indemnity clause, by-law
or agreement.

                                       4
<PAGE>

5.    PARTIAL INDEMNIFICATION. If the Indemnitee is entitled under any provision
of this Agreement to indemnification by the Company for some or a portion of any
expenses or liabilities of any type whatsoever  (including,  but not limited to,
judgments,  fines,  ERISA  excise  taxes  and  penalties,  and  amounts  paid in
settlement) incurred by him in the investigation,  defense, settlement or appeal
of a proceeding,  but not entitled,  however,  to indemnification for all of the
total amount hereof, the Company shall nevertheless indemnify the Indemnitee for
such total amount except as to the portion hereof to which the Indemnitee is not
entitled.

6.    MANDATORY  ADVANCEMENT  OF EXPENSES.  Subject to Section  8(a) below,  the
Company shall advance all expenses incurred by the Indemnitee in connection with
the investigation,  defense, settlement or appeal of any proceeding to which the
Indemnitee  is a party or is threatened to be made a party by reason of the fact
that  the  Indemnitee  is or was an  Agent  of the  Company.  Indemnitee  hereby
undertakes  to repay such amounts  advanced  only if, and to the extent that, it
shall  be  determined  ultimately  that the  Indemnitee  is not  entitled  to be
indemnified  by the  Company  as  authorized  hereby.  The  advances  to be made
hereunder shall be paid by the Company to the Indemnitee within twenty (20) days
following  delivery  of a written  request  therefor  by the  Indemnitee  to the
Company.

7.    NOTICE AND OTHER INDEMNIFICATION PROCEDURES.

      (a) Promptly after receipt by the Indemnitee of notice of the commencement
of or the threat of commencement of any proceeding, the Indemnitee shall, if the
Indemnitee believes that indemnification with respect thereto may be sought from
the Company  under this  Agreement,  notify the Company of the  commencement  or
threat of commencement thereof.

      (b) If, at the time of the  receipt of a notice of the  commencement  of a
proceeding  pursuant to Section  7(a) hereof,  the Company has D&O  Insurance in
effect,  the  Company  shall  give  prompt  notice of the  commencement  of such
proceeding to the insurers in accordance  with the  procedures  set forth in the
respective  policies.  The  Company  shall  thereafter  take  all  necessary  or
desirable action to cause such insurers to pay, on behalf of the Indemnitee, all
amounts  payable as a result of such  proceeding in accordance with the terms of
such policies.

      (c) In the event the Company shall be obligated to pay the expenses of any
proceeding  against the Indemnitee,  the Company,  except as otherwise  provided
below, shall be entitled to assume the defense of such proceeding,  with counsel
approved  by the  Indemnitee,  upon the  delivery to the  Indemnitee  of written
notice of its election so to do. After delivery of such notice, approval of such
counsel by the Indemnitee and the retention of such counsel by the Company,  the
Company will not be liable to the  Indemnitee  under this Agreement for any fees
of counsel  subsequently  incurred by the  Indemnitee  with  respect to the same
proceeding, except as otherwise provided below. The Company shall not settle any
proceeding  in any manner  which would impose any penalty or  limitation  on the
Indemnitee without the Indemnitee's  written consent.  The Indemnitee shall have
the right to employ his counsel in any  proceeding  but the fees and expenses of
the counsel  incurred  after  notice from the Company of its  assumption  of the

                                       5
<PAGE>

defense of the proceeding shall be at the Indemnitee's  expense,  unless (i) the
employment of counsel by the Indemnitee has been authorized by the Company, (ii)
the Indemnitee  shall have reasonably  concluded that there may be a conflict of
interest between the Company and the Indemnitee in the conduct of the defense of
a proceeding,  or (iii) the Company shall not, in fact, have employed counsel to
assume  the  defense  of such  proceeding,  in each of which  cases the fees and
expenses of Indemnitee's  counsel,  including any fees and expenses  incurred in
connection  with an  investigation  to determine  whether a conflict of interest
exists,  shall be at the  expense  of the  Company.  The  Company  shall  not be
entitled to assume the defense of any proceeding  brought by or on behalf of the
Company or as to which the Indemnitee has reasonably made the conclusion,  based
on written advice of counsel,  that there may be a conflict of interest  between
the Company and the Indemnitee.

8.    EXCEPTIONS.  Any other provision  herein to the contrary  notwithstanding,
the Company shall not be obligated pursuant to the terms of this Agreement:

      (a) Claims  Initiated by Indemnitee.  To indemnify or advance  expenses to
the  Indemnitee  with  respect to  proceedings  or claims  initiated  or brought
voluntarily  by the  Indemnitee  and  not by way of  defense,  unless  (i)  such
indemnification is expressly required to be made by law, (ii) the proceeding was
authorized by the Board, (iii) such  indemnification is provided by the Company,
in its sole  discretion,  pursuant to the powers vested in the Company under the
General  Corporation  Law of  Delaware  or (iv) the  proceeding  is  brought  to
establish  or enforce a right to  indemnification  under this  Agreement  or any
other statute or law or otherwise as required under Section 145;

      (b) Lack of Good Faith.  To  indemnify  the  Indemnitee  for any  expenses
incurred by the  Indemnitee  with respect to any  proceeding  instituted  by the
Indemnitee  to enforce or  interpret  this  Agreement,  if a court of  competent
jurisdiction  determines  that  each  of the  material  assertions  made  by the
Indemnitee in such proceeding was not made in good faith or was frivolous; or

      (c)  Unauthorized  Settlements.  To indemnify  the  Indemnitee  under this
Agreement for any amounts paid in settlement of a proceeding  unless the Company
consents to such settlement, which consent shall not be unreasonably withheld or
delayed.

9.    NON-EXCLUSIVITY.  The provisions for  indemnification  and  advancement of
expenses set forth in this Agreement shall not be deemed  exclusive of any other
rights which the  Indemnitee  may have under any provision of law, the Company's
Certificate of Incorporation or Bylaws,  the vote of the Company's  stockholders
or disinterested directors, other agreements, or otherwise, both as to action in
his official  capacity and to action in another  capacity  while  occupying  his
position as an Agent of the Company, and the Indemnitee's rights hereunder shall
continue  after the  Indemnitee has ceased acting as an Agent of the Company and
shall inure to the benefit of the heirs,  executors  and  administrators  of the
Indemnitee.

                                       6
<PAGE>

10.   ENFORCEMENT.  Any right to  indemnification  or  advances  granted by this
Agreement to Indemnitee  shall be  enforceable  by or on behalf of Indemnitee in
any court of  competent  jurisdiction  if (i) the claim for  indemnification  or
advances is denied,  in whole or in part by the Company,  or (ii) no disposition
of such  claim is made  within  ninety  (90)  days of  request  therefor  by the
Company.  Indemnitee,  in such enforcement  action, if successful in whole or in
part, shall be entitled to be paid also the expense of prosecuting his claim. It
shall be a defense to any action for which a claim for  indemnification  is made
under  this  Agreement  (other  than an action  brought  to  enforce a claim for
expenses  pursuant to Section 6 hereof,  provided that the required  undertaking
has  been  tendered  to  the  Company)  that   Indemnitee  is  not  entitled  to
indemnification because of the limitations set forth in Sections 4 and 8 hereof.
Neither the  failure of the Company  (including  its Board of  Directors  or its
stockholders)  to have made a  determination  prior to the  commencement of such
enforcement  action  that   indemnification  of  Indemnitee  is  proper  in  the
circumstances,  nor an actual  determination by the Company (including its Board
of Directors or its stockholders) that such  indemnification is improper,  shall
be a defense  to the  action  or create a  presumption  that  Indemnitee  is not
entitled to indemnification under this Agreement or otherwise.

11.   SUBROGATION. In the event the Company is obligated to make a payment under
this Agreement, the Company shall be subrogated to the extent of such payment to
all of the rights of recovery under any valid and collectible  insurance  policy
of D&O Insurance or another  indemnity  agreement  covering the Indemnitee,  who
shall execute all documents required and shall do all acts that may be necessary
to secure  such rights and to enable the  Company  effectively  to bring suit to
enforce such rights.

12.   SURVIVAL OF RIGHTS.

      (a) All agreements and obligations of the Company  contained  herein shall
continue  during  the period  Indemnitee  is an Agent of the  Company  and shall
continue thereafter so long as Indemnitee shall be subject to any possible claim
or threatened,  pending or completed action, suit or proceeding,  whether civil,
criminal, arbitrational,  administrative or investigative, by reason of the fact
that Indemnitee was serving in the capacity referred to herein.

      (b) The Company shall require any successor to the Company (whether direct
or  indirect,  by  purchase,  merger,  consolidation  or  otherwise)  to  all or
substantially all of the business or assets of the Company,  expressly to assume
and agree to perform  this  Agreement  in the same manner and to the same extent
that the Company  would be required to perform if no such  succession  had taken
place.

13.   INTERPRETATION  OF  AGREEMENT.  It is understood  that the parties  hereto
intend  this  Agreement  to  be  interpreted  and  enforced  so  as  to  provide
indemnification  to  the  Indemnitee  to the  fullest  extent  permitted  by law
including  those  circumstances  in which  indemnification  would  otherwise  be
discretionary.

14.   SEVERABILITY.  If any provision or provisions of this  Agreement  shall be
held to be invalid, illegal or unenforceable for any reason whatsoever,  (i) the
validity,  legality  and  enforceability  of  the  remaining  provisions  of the
Agreement (including without limitation,  all portions of any paragraphs of this
Agreement  containing  any  such  provision  held  to  be  invalid,  illegal  or
unenforceable,  that are not themselves invalid, illegal or unenforceable) shall
not in any way be affected or impaired  thereby,  and (ii) to the fullest extent
possible, the provisions of this Agreement (including,  without limitation,  all
portions of any paragraph of this  Agreement  containing any such provision held
to be  invalid,  illegal  or  unenforceable,  that are not  themselves  invalid,
illegal or unenforceable)  shall be construed so as to give effect to the intent
manifested by the provision held invalid,  illegal or unenforceable  and to give
effect to Section 13 hereof.

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<PAGE>

15.   SAVINGS  CLAUSE.  If this Agreement or any portion of it is invalidated on
any  ground by any  court of  competent  jurisdiction,  then the  Company  shall
nevertheless indemnify Indemnitee as to expenses, judgments, fines, penalties or
ERISA excise taxes with respect to any  proceeding to the full extent  permitted
by any applicable portion of this Agreement that shall not have been invalidated
or by any other applicable law.

16.   MODIFICATION AND WAIVER. No supplement,  modification or amendment of this
Agreement  shall be binding  unless  executed  in writing by both of the parties
hereto.  No waiver of any of the provisions of this Agreement shall be deemed or
shall  constitute  a waiver  of any  other  provisions  hereof  (whether  or not
similar) nor shall such waiver constitute a continuing waiver.

17.   NOTICE. All notices, requests, demands and other communications under this
Agreement shall be in writing and shall be deemed duly given (i) if delivered by
hand and receipted for by the party  addressee or (ii) if mailed by certified or
registered  mail  with  postage  prepaid,  on the third  business  day after the
mailing date. Addresses for notice to either party are as shown on the signature
page of this Agreement, or as subsequently modified by written notice.

18.   GOVERNING  LAW.  This  Agreement  shall  be  governed  exclusively  by and
construed according to the laws of the State of Delaware as applied to contracts
between  Delaware  residents  entered into and to be performed  entirely  within
Delaware.

19.   CONSENT TO  JURISDICTION.  The  Company  and the  Indemnitee  each  hereby
consent to the  jurisdiction of the courts of the State of Delaware with respect
to any action or proceeding which arises out of or relates to this Agreement.

                         [SIGNATURES ON FOLLOWING PAGE]

                                       8
<PAGE>

      IN WITNESS  WHEREOF,  the parties have executed  this  Agreement as of the
date first set forth above.

                                               COMPANY:

                                               KNOBIAS, INC.

                                               By: /s/ E. KEY RAMSEY
                                                 -------------------------------
                                                 Its Chief Executive Officer

                                               INDEMNITEE:

                                                 /s/ ROBERT L. ATKINS
                                               ---------------------------------
                                               Robert L. Atkins
                                               Address: 661 Highway 51, Suite 1a
                                                        Ridgeland, MS  39157

                                       9EXHIBIT 10.5

                           INDEMNIFICATION AGREEMENT

      THIS INDEMNIFICATION  AGREEMENT, dated as of November 19, 2004, is made by
and between KNOBIAS, INC., a Delaware corporation (the "Company"), and Joseph L.
Stephens (the "Indemnitee").

                                 R E C I T A L S

      A.    The  Company is aware that  competent  and  experienced  persons are
increasingly reluctant to serve as directors, officers or agents of corporations
unless   they  are   protected   by   comprehensive   liability   insurance   or
indemnification,  due to  increased  exposure  to  litigation  costs  and  risks
resulting from their service to such corporations,  and due to the fact that the
exposure frequently bears no reasonable relationship to the compensation of such
directors, officers and other agents;

      B.    The  statutes  and  judicial  decisions   regarding  the  duties  of
directors and officers are often  difficult to apply,  ambiguous or conflicting,
and therefore fail to provide such directors, officers and agents with adequate,
reliable  knowledge  of legal  risks to which they are  exposed  or  information
regarding the proper course of action to take;

      C.    Plaintiffs often seek damages in such large amounts and the costs of
litigation may be so enormous (whether or not the case is meritorious), that the
defense or settlement of such litigation is often beyond the personal  resources
of directors, officers and other agents;

      D.    The Company  believes that it is unfair for its directors,  officers
and agents and the directors,  officers and agents of its subsidiaries to assume
the risk of huge  judgments and other expenses which may occur in cases in which
the director,  officer or agent  received no personal  profit and in cases where
the director, officer or agent was not culpable;

      E.    The Company  recognizes that the issues in controversy in litigation
against a director, officer or agent of a corporation such as the Company or its
subsidiaries  are often  related to the  knowledge,  motives  and intent of such
director,  officer or agent,  that he is usually the only witness with knowledge
of the essential facts and exculpating circumstances regarding such matters, and
that the long  period of time which  usually  elapses  before the trial or other
disposition of such litigation  often extends beyond the time that the director,
officer or agent can reasonably  recall such matters;  and may extend beyond the
normal time for retirement  for such director,  officer or agent with the result
that he,  after  retirement  or in the event of his death,  his  spouse,  heirs,
executors  or  administrators,  may be faced  with  limited  ability  and  undue
hardship  in  maintaining  an  adequate  defense,  which may  discourage  such a
director, officer or agent from serving in that position;

<PAGE>

      F.    Based upon  their  experience  as  business  managers,  the Board of
Directors of the Company (the "Board") has concluded that, to retain and attract
talented and experienced individuals to serve as directors,  officers and agents
of the Company and its  subsidiaries  and to encourage such  individuals to take
the  business   risks   necessary  for  the  success  of  the  Company  and  its
subsidiaries,  it is necessary  for the Company  contractually  to indemnify its
directors,  officers  and agents and the  directors,  officers and agents of its
subsidiaries,  and to assume for  itself  maximum  liability  for  expenses  and
damages in connection with claims against such directors, officers and agents in
connection  with their  service to the  Company  and its  subsidiaries,  and has
further  concluded that the failure to provide such contractual  indemnification
could result in great harm to the Company and its subsidiaries and the Company's
stockholders;

      G.    Section 145 of the General Corporation Law of Delaware,  under which
the Company is organized ("Section 145"),  empowers the Company to indemnify its
directors,  officers, employees and agents by agreement and to indemnify persons
who serve, at the request of the Company, as the directors,  officers, employees
or agents of other corporations or enterprises,  and expressly provides that the
indemnification provided by Section 145 is not exclusive.

      H.    The Company has requested Indemnitee to serve as a director, officer
or agent of the  Company or one or more  subsidiaries  of the  Company,  and the
Indemnitee  is willing to serve the  Company in such  capacity,  free from undue
concern for claims for damages arising out of or related to such services to the
Company or one or more  subsidiaries  of the Company,  and  provided  that he is
furnished the indemnity provided for herein.

      NOW, THEREFORE,  the parties hereto, intending to be legally bound, hereby
agree as follows:

1.    DEFINITIONS.

      (a) Agent.  For the  purposes  of this  Agreement,  "agent" of the Company
means any person who is or was a director,  officer,  employee or other agent of
the Company or a subsidiary of the Company,  or is or was serving at the request
of, for the  convenience  of, or to represent  the interests of the Company or a
subsidiary of the Company as a director,  officer,  employee or agent of another
foreign or domestic  corporation,  partnership,  joint  venture,  trust or other
enterprise,  or was a  director,  officer,  employee  or agent of a  foreign  or
domestic  corporation  which was a predecessor  corporation  of the Company or a
subsidiary  of the  Company,  or was a director,  officer,  employee or agent of
another  enterprise at the request of, for the  convenience  of, or to represent
the interests of such predecessor corporation.

      (b) Expenses.  For purposes of this Agreement,  "expenses" include all out
of pocket expenses or costs of any type or nature whatsoever (including, without
limitation,  all  attorneys'  fees  and  related  disbursements),  actually  and
reasonably   incurred  by  the   Indemnitee  in   connection   with  either  the
investigation,  defense or appeal of a proceeding or establishing or enforcing a
right to  indemnification  under this  Agreement  or Section  145 or  otherwise;
provided, however, that "expenses" shall not include any judgments, fines, ERISA
excise taxes or penalties,  or amounts paid in  settlement of a proceeding.

                                       2
<PAGE>

      (c) Proceeding. For the purposes of this Agreement, "proceeding" means any
threatened,  pending,  or completed action,  suit or other  proceeding,  whether
civil, criminal, administrative, or investigative.

      (d)  Subsidiary.  For purposes of this Agreement,  "subsidiary"  means any
corporation,  partnership,  limited  liability  company or other entity of which
more  than  50% of the  outstanding  voting  securities  is  owned  directly  or
indirectly by the Company, by the Company and one or more other subsidiaries, or
by one or more other subsidiaries.

2.    AGREEMENT  TO  SERVE.  The  Indemnitee  agrees  to  serve  as Agent of the
Company, at its will (or under separate agreement, if such agreement exists), in
the capacity  Indemnitee  currently  serves,  so long as he is duly appointed or
elected and qualified in accordance with the applicable provisions of the Bylaws
of the Company or any subsidiary of the Company or until such time as he tenders
his resignation in writing;  provided,  however,  that nothing contained in this
Agreement is intended to create any right to continued employment by Indemnitee.

3.    LIABILITY INSURANCE.

      (a) Maintenance of D&O Insurance.  The Company hereby covenants and agrees
that,  so long as the  Indemnitee  shall  continue  to  serve as an Agent of the
Company  and  thereafter  so long as the  Indemnitee  shall  be  subject  to any
possible  proceeding by reason of the fact that the  Indemnitee  was an Agent of
the Company,  the Company,  subject to Section 3(c),  shall promptly  obtain and
maintain in full force and effect directors' and officers'  liability  insurance
("D&O Insurance") in reasonable amounts from established and reputable insurers.

      (b) Rights and Benefits. In all policies of D&O Insurance,  the Indemnitee
shall be named as an insured in such a manner as to provide the  Indemnitee  the
same rights and  benefits as are accorded to the most  favorably  insured of the
Company's  directors,  if the  Indemnitee  is a  director;  or of the  Company's
officers,  if the Indemnitee is not a director of the Company but is an officer;
or of the  Company's  key  employees,  if the  Indemnitee  is not a director  or
officer but is a key employee.

      (c) Limitation on Required  Maintenance of D&O Insurance.  Notwithstanding
the  foregoing,  the Company  shall have no obligation to obtain or maintain D&O
Insurance  if the Company  determines  in good faith that such  insurance is not
reasonably available,  the premium costs for such insurance are disproportionate
to the amount of coverage  provided,  the coverage provided by such insurance is
limited  by  exclusions  so  as to  provide  an  insufficient  benefit,  or  the
Indemnitee  is covered by similar  insurance  maintained  by a subsidiary of the
Company.

4.    MANDATORY  INDEMNIFICATION.  Subject to Section 9 below, the Company shall
indemnify the Indemnitee as follows:

      (a) Successful  Defense.  To the extent the Indemnitee has been successful
on the merits or  otherwise  in defense of any  proceeding  (including,  without
limitation, an action by or in the right of the Company) to which the Indemnitee
was a party by reason of the fact that he is or was an Agent of the  Company  at
any time,  against all expenses of any type  whatsoever  actually and reasonably
incurred by him in connection with the investigation,  defense or appeal of such
proceeding.

                                       3
<PAGE>

      (b) Third Party  Actions.  If the  Indemnitee  is a person who was or is a
party or is  threatened  to be made a party  to any  proceeding  (other  than an
action  by or in the right of the  Company)  by reason of the fact that he is or
was an Agent of the Company, or by reason of anything done or not done by him in
any such capacity,  the Company shall  indemnify the Indemnitee  against any and
all expenses and liabilities of any type whatsoever (including,  but not limited
to,  judgments,  fines,  ERISA excise taxes and  penalties,  and amounts paid in
settlement)  imposed by a court or governmental entity or otherwise actually and
reasonably  incurred  by him in  connection  with  the  investigation,  defense,
settlement or appeal of such  proceeding,  provided the Indemnitee acted in good
faith and in a manner he reasonably believed to be in or not opposed to the best
interests of the Company and its stockholders, and, with respect to any criminal
action or  proceeding,  had no  reasonable  cause to  believe  his  conduct  was
unlawful.

      (c)  Derivative  Actions.  If the  Indemnitee  is a person who was or is a
party or is threatened  to be made a party to any  proceeding by or in the right
of the Company by reason of the fact that he is or was an Agent of the  Company,
or by  reason  of  anything  done or not done by him in any such  capacity,  the
Company  shall  indemnify  the  Indemnitee  against all  expenses  actually  and
reasonably  incurred  by him in  connection  with  the  investigation,  defense,
settlement, or appeal of such proceeding,  provided the Indemnitee acted in good
faith and in a manner he reasonably believed to be in or not opposed to the best
interests of the Company and its  stockholders;  except that no  indemnification
under this  subsection  4(c)  shall be made in  respect  to any claim,  issue or
matter as to which such person shall have been finally  adjudged to be liable to
the Company by a court of competent  jurisdiction  unless and only to the extent
that the  court in which  such  proceeding  was  brought  shall  determine  upon
application  that,  despite the adjudication of liability but in view of all the
circumstances  of the case,  such  person is fairly and  reasonably  entitled to
indemnity for such amounts which the court shall deem proper.

      (d) Actions where  Indemnitee is Deceased.  If the  Indemnitee is a person
who was or is a party or is threatened  to be made a party to any  proceeding by
reason  of the fact that he is or was an Agent of the  Company,  or by reason of
anything done or not done by him in any such  capacity,  and if prior to, during
the pendency of after completion of such proceeding Indemnitee becomes deceased,
the Company shall indemnify the Indemnitee's heirs, executors and administrators
against any and all expenses and liabilities of any type whatsoever  (including,
but not limited to,  judgments,  fines,  ERISA excise taxes and  penalties,  and
amounts  paid in  settlement)  actually  and  reasonably  incurred to the extent
Indemnitee  would have been  entitled  to  indemnification  pursuant to Sections
4(a), 4(b), or 4(c) above were Indemnitee still alive.

      (e) Payment Under Policy. Notwithstanding the foregoing, the Company shall
not be obligated to indemnify the  Indemnitee for expenses or liabilities of any
type whatsoever (including,  but not limited to, judgments,  fines, ERISA excise
taxes and  penalties,  and  amounts  paid in  settlement)  for which  payment is
actually made to Indemnitee  under a valid and collectible  insurance  policy of
D&O Insurance,  or under another valid and enforceable  indemnity clause, by-law
or agreement.

                                       4
<PAGE>

5.    PARTIAL INDEMNIFICATION. If the Indemnitee is entitled under any provision
of this Agreement to indemnification by the Company for some or a portion of any
expenses or liabilities of any type whatsoever  (including,  but not limited to,
judgments,  fines,  ERISA  excise  taxes  and  penalties,  and  amounts  paid in
settlement) incurred by him in the investigation,  defense, settlement or appeal
of a proceeding,  but not entitled,  however,  to indemnification for all of the
total amount hereof, the Company shall nevertheless indemnify the Indemnitee for
such total amount except as to the portion hereof to which the Indemnitee is not
entitled.

6.    MANDATORY  ADVANCEMENT  OF EXPENSES.  Subject to Section  8(a) below,  the
Company shall advance all expenses incurred by the Indemnitee in connection with
the investigation,  defense, settlement or appeal of any proceeding to which the
Indemnitee  is a party or is threatened to be made a party by reason of the fact
that  the  Indemnitee  is or was an  Agent  of the  Company.  Indemnitee  hereby
undertakes  to repay such amounts  advanced  only if, and to the extent that, it
shall  be  determined  ultimately  that the  Indemnitee  is not  entitled  to be
indemnified  by the  Company  as  authorized  hereby.  The  advances  to be made
hereunder shall be paid by the Company to the Indemnitee within twenty (20) days
following  delivery  of a written  request  therefor  by the  Indemnitee  to the
Company.

7.    NOTICE AND OTHER INDEMNIFICATION PROCEDURES.

      (a) Promptly after receipt by the Indemnitee of notice of the commencement
of or the threat of commencement of any proceeding, the Indemnitee shall, if the
Indemnitee believes that indemnification with respect thereto may be sought from
the Company  under this  Agreement,  notify the Company of the  commencement  or
threat of commencement thereof.

      (b) If, at the time of the  receipt of a notice of the  commencement  of a
proceeding  pursuant to Section  7(a) hereof,  the Company has D&O  Insurance in
effect,  the  Company  shall  give  prompt  notice of the  commencement  of such
proceeding to the insurers in accordance  with the  procedures  set forth in the
respective  policies.  The  Company  shall  thereafter  take  all  necessary  or
desirable action to cause such insurers to pay, on behalf of the Indemnitee, all
amounts  payable as a result of such  proceeding in accordance with the terms of
such policies.

      (c) In the event the Company shall be obligated to pay the expenses of any
proceeding  against the Indemnitee,  the Company,  except as otherwise  provided
below, shall be entitled to assume the defense of such proceeding,  with counsel
approved  by the  Indemnitee,  upon the  delivery to the  Indemnitee  of written
notice of its election so to do. After delivery of such notice, approval of such
counsel by the Indemnitee and the retention of such counsel by the Company,  the
Company will not be liable to the  Indemnitee  under this Agreement for any fees
of counsel  subsequently  incurred by the  Indemnitee  with  respect to the same
proceeding, except as otherwise provided below. The Company shall not settle any
proceeding  in any manner  which would impose any penalty or  limitation  on the
Indemnitee without the Indemnitee's  written consent.  The Indemnitee shall have
the right to employ his counsel in any  proceeding  but the fees and expenses of
the counsel  incurred  after  notice from the Company of its  assumption  of the

                                       5
<PAGE>

defense of the proceeding shall be at the Indemnitee's  expense,  unless (i) the
employment of counsel by the Indemnitee has been authorized by the Company, (ii)
the Indemnitee  shall have reasonably  concluded that there may be a conflict of
interest between the Company and the Indemnitee in the conduct of the defense of
a proceeding,  or (iii) the Company shall not, in fact, have employed counsel to
assume  the  defense  of such  proceeding,  in each of which  cases the fees and
expenses of Indemnitee's  counsel,  including any fees and expenses  incurred in
connection  with an  investigation  to determine  whether a conflict of interest
exists,  shall be at the  expense  of the  Company.  The  Company  shall  not be
entitled to assume the defense of any proceeding  brought by or on behalf of the
Company or as to which the Indemnitee has reasonably made the conclusion,  based
on written advice of counsel,  that there may be a conflict of interest  between
the Company and the Indemnitee.

8.    EXCEPTIONS.  Any other provision  herein to the contrary  notwithstanding,
the Company shall not be obligated pursuant to the terms of this Agreement:

      (a) Claims  Initiated by Indemnitee.  To indemnify or advance  expenses to
the  Indemnitee  with  respect to  proceedings  or claims  initiated  or brought
voluntarily  by the  Indemnitee  and  not by way of  defense,  unless  (i)  such
indemnification is expressly required to be made by law, (ii) the proceeding was
authorized by the Board, (iii) such  indemnification is provided by the Company,
in its sole  discretion,  pursuant to the powers vested in the Company under the
General  Corporation  Law of  Delaware  or (iv) the  proceeding  is  brought  to
establish  or enforce a right to  indemnification  under this  Agreement  or any
other statute or law or otherwise as required under Section 145;

      (b) Lack of Good Faith.  To  indemnify  the  Indemnitee  for any  expenses
incurred by the  Indemnitee  with respect to any  proceeding  instituted  by the
Indemnitee  to enforce or  interpret  this  Agreement,  if a court of  competent
jurisdiction  determines  that  each  of the  material  assertions  made  by the
Indemnitee in such proceeding was not made in good faith or was frivolous; or

      (c)  Unauthorized  Settlements.  To indemnify  the  Indemnitee  under this
Agreement for any amounts paid in settlement of a proceeding  unless the Company
consents to such settlement, which consent shall not be unreasonably withheld or
delayed.

9.    NON-EXCLUSIVITY.  The provisions for  indemnification  and  advancement of
expenses set forth in this Agreement shall not be deemed  exclusive of any other
rights which the  Indemnitee  may have under any provision of law, the Company's
Certificate of Incorporation or Bylaws,  the vote of the Company's  stockholders
or disinterested directors, other agreements, or otherwise, both as to action in
his official  capacity and to action in another  capacity  while  occupying  his
position as an Agent of the Company, and the Indemnitee's rights hereunder shall
continue  after the  Indemnitee has ceased acting as an Agent of the Company and
shall inure to the benefit of the heirs,  executors  and  administrators  of the
Indemnitee.

                                       6
<PAGE>

10.   ENFORCEMENT.  Any right to  indemnification  or  advances  granted by this
Agreement to Indemnitee  shall be  enforceable  by or on behalf of Indemnitee in
any court of  competent  jurisdiction  if (i) the claim for  indemnification  or
advances is denied,  in whole or in part by the Company,  or (ii) no disposition
of such  claim is made  within  ninety  (90)  days of  request  therefor  by the
Company.  Indemnitee,  in such enforcement  action, if successful in whole or in
part, shall be entitled to be paid also the expense of prosecuting his claim. It
shall be a defense to any action for which a claim for  indemnification  is made
under  this  Agreement  (other  than an action  brought  to  enforce a claim for
expenses  pursuant to Section 6 hereof,  provided that the required  undertaking
has  been  tendered  to  the  Company)  that   Indemnitee  is  not  entitled  to
indemnification because of the limitations set forth in Sections 4 and 8 hereof.
Neither the  failure of the Company  (including  its Board of  Directors  or its
stockholders)  to have made a  determination  prior to the  commencement of such
enforcement  action  that   indemnification  of  Indemnitee  is  proper  in  the
circumstances,  nor an actual  determination by the Company (including its Board
of Directors or its stockholders) that such  indemnification is improper,  shall
be a defense  to the  action  or create a  presumption  that  Indemnitee  is not
entitled to indemnification under this Agreement or otherwise.

11.   SUBROGATION. In the event the Company is obligated to make a payment under
this Agreement, the Company shall be subrogated to the extent of such payment to
all of the rights of recovery under any valid and collectible  insurance  policy
of D&O Insurance or another  indemnity  agreement  covering the Indemnitee,  who
shall execute all documents required and shall do all acts that may be necessary
to secure  such rights and to enable the  Company  effectively  to bring suit to
enforce such rights.

12.   SURVIVAL OF RIGHTS.

      (a) All agreements and obligations of the Company  contained  herein shall
continue  during  the period  Indemnitee  is an Agent of the  Company  and shall
continue thereafter so long as Indemnitee shall be subject to any possible claim
or threatened,  pending or completed action, suit or proceeding,  whether civil,
criminal, arbitrational,  administrative or investigative, by reason of the fact
that Indemnitee was serving in the capacity referred to herein.

      (b) The Company shall require any successor to the Company (whether direct
or  indirect,  by  purchase,  merger,  consolidation  or  otherwise)  to  all or
substantially all of the business or assets of the Company,  expressly to assume
and agree to perform  this  Agreement  in the same manner and to the same extent
that the Company  would be required to perform if no such  succession  had taken
place.

13.   INTERPRETATION  OF  AGREEMENT.  It is understood  that the parties  hereto
intend  this  Agreement  to  be  interpreted  and  enforced  so  as  to  provide
indemnification  to  the  Indemnitee  to the  fullest  extent  permitted  by law
including  those  circumstances  in which  indemnification  would  otherwise  be
discretionary.

14.   SEVERABILITY.  If any provision or provisions of this  Agreement  shall be
held to be invalid, illegal or unenforceable for any reason whatsoever,  (i) the
validity,  legality  and  enforceability  of  the  remaining  provisions  of the
Agreement (including without limitation,  all portions of any paragraphs of this
Agreement  containing  any  such  provision  held  to  be  invalid,  illegal  or
unenforceable,  that are not themselves invalid, illegal or unenforceable) shall
not in any way be affected or impaired  thereby,  and (ii) to the fullest extent
possible, the provisions of this Agreement (including,  without limitation,  all
portions of any paragraph of this  Agreement  containing any such provision held
to be  invalid,  illegal  or  unenforceable,  that are not  themselves  invalid,
illegal or unenforceable)  shall be construed so as to give effect to the intent
manifested by the provision held invalid,  illegal or unenforceable  and to give
effect to Section 13 hereof.

                                       7
<PAGE>

15.   SAVINGS  CLAUSE.  If this Agreement or any portion of it is invalidated on
any  ground by any  court of  competent  jurisdiction,  then the  Company  shall
nevertheless indemnify Indemnitee as to expenses, judgments, fines, penalties or
ERISA excise taxes with respect to any  proceeding to the full extent  permitted
by any applicable portion of this Agreement that shall not have been invalidated
or by any other applicable law.

16.   MODIFICATION AND WAIVER. No supplement,  modification or amendment of this
Agreement  shall be binding  unless  executed  in writing by both of the parties
hereto.  No waiver of any of the provisions of this Agreement shall be deemed or
shall  constitute  a waiver  of any  other  provisions  hereof  (whether  or not
similar) nor shall such waiver constitute a continuing waiver.

17.   NOTICE. All notices, requests, demands and other communications under this
Agreement shall be in writing and shall be deemed duly given (i) if delivered by
hand and receipted for by the party  addressee or (ii) if mailed by certified or
registered  mail  with  postage  prepaid,  on the third  business  day after the
mailing date. Addresses for notice to either party are as shown on the signature
page of this Agreement, or as subsequently modified by written notice.

18.   GOVERNING  LAW.  This  Agreement  shall  be  governed  exclusively  by and
construed according to the laws of the State of Delaware as applied to contracts
between  Delaware  residents  entered into and to be performed  entirely  within
Delaware.

19.   CONSENT TO  JURISDICTION.  The  Company  and the  Indemnitee  each  hereby
consent to the  jurisdiction of the courts of the State of Delaware with respect
to any action or proceeding which arises out of or relates to this Agreement.

                         [SIGNATURES ON FOLLOWING PAGE]

                                       8

<PAGE>

      IN WITNESS  WHEREOF,  the parties have executed  this  Agreement as of the
date first set forth above.

                                               COMPANY:

                                               KNOBIAS, INC.

                                               By: /s/ E. KEY RAMSEY
                                                 -------------------------------
                                                 Its Chief Executive Officer

                                               INDEMNITEE:

                                                  /s/ JOSEPH L. STEPHENS
                                               ---------------------------------
                                               Joseph L. Stephens
                                               Address: Post Office Box 1178
                                                        Magee, MS  39111

                                       9

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