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                                                                    EXHIBIT 10.2

                                   LENDINGTREE

                               www.lendingtree.com

November 26, 1999

Mr. Thomas J. Reddin
837 Brookhaven Springs Court
Atlanta, GA 30342

         RE:      Written Offer of Employment

Dear Tom:

LendingTree, Inc. (the "Company") would like to extend you an offer of
employment as Chief Marketing Officer of our Company. You acknowledge that you
will be an at-will employee of the Company subject to the Company's normal
employment policies.

Your anticipated start date will be December 10, 1999. You will report to
Douglas Lebda in his capacity as Chief Executive Officer. The Company fully
expects to maintain this reporting structure for at least one year. This
position will be located in LendingTree's corporate offices in Charlotte, NC
with travel to other areas as necessary.

The Company irrevocably promises and agrees that your compensation package will
be as follows:

-        A base salary of $200,000 per year as Chief Marketing Officer or such
         other position with comparable job title, duties, and responsibility to
         which you may be assigned.

-        You will receive a one-time $65,000 signing bonus payable on the first
         day of employment.

-        During your first year of employment, you will receive a $70,000 annual
         bonus, paid at a rate of $17,500 quarterly within 30 days of the
         quarter's end, beginning March 31, 2000. Bonuses, if any, for
         subsequent years will be incentive based and range from 0 to 50% of
         your base salary.
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-        You will receive upon commencement of employment Incentive Stock
         Options to purchase 225,000 shares of LendingTree common stock at an
         exercise price of $7 per share. These options (granted under the
         Company's 1999 Employee Stock Option Plan) will vest evenly over a
         four-year period in the amount of 56,250 shares per annum on each of
         your first, second, third, and fourth employment anniversaries. Should
         the Company's stock split during this period, the number of options
         offered shall be increased proportionally. These options will expire
         if not exercised within ten years of vesting or if upon your voluntary
         termination of employment you fail to exercise any vested option within
         90 days of said termination or such other time specified in the
         Employee Stock Option Plan, if longer.

-        You will be covered under the Company's Directors and Officers
         liability insurance policy and any other such indemnification provided
         under the Company's Bylaws and Articles of Incorporation.

-        The Company will provide you health care coverage according to its
         standard offering to employees for health care. The present offering
         provides for the payment of 100% of the premiums for you and your
         family under our Blue Cross/Blue Shield PPO plan. There is a 30-day
         waiting period from the start of your employment, however the Company
         will reimburse you for any COBRA continuation during those 30 days.

-        You are eligible for fifteen days of paid vacation per annum, the
         timing of which is subject to your Manager's approval.

-        The Company will reimburse you up to $2,500 per month for all
         reasonable and documented living expenses associated with traveling
         from Atlanta, Georgia to corporate offices in Charlotte, North
         Carolina, through March 30, 2000, at which time you will be required to
         relocate to Charlotte. These expenses include airfare, lodging, and
         personal use of a vehicle. (This amount does not include the cost of
         travel to locations other than your home and Charlotte for the purpose
         of conducting company business, for which the company will also
         reimburse you).

-        LendingTree, Inc. will pay for reasonable and documented expenses
         related to your relocation to Charlotte, NC, including all closing
         costs and real estate agency commissions involved with the sale of your
         current residence. Such expenses must be approved by LendingTree in
         advance, and the Company

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         will provide the moving agency. Within the first year of your
         employment, should you voluntarily terminate your employment, you agree
         to reimburse the company for all expenses the Company incurred relating
         to your relocation and will be required to sign an interest-free
         promissory note stating such upon your start of employment.

-        Should you voluntarily terminate your employment or if you are
         terminated for "Cause" as defined in the paragraph immediately
         following, you will not receive the severance benefits in the paragraph
         immediately following.

-        Regardless of your at-will status, should your employment be terminated
         by the Company for reasons other than "Cause," herein defined as "(a)
         your conviction, or the entry of a pleading of guilty or nolo
         contendere by you, to any crime involving moral turpitude or any
         felony, or (b) unethical business activity to include fraud,
         embezzlement or the unlawful misappropriation or theft of Company
         assets," the Company irrevocably promises and agrees to pay you
         severance as follows:

         (i)      You will continue to receive, for up to one year or until you
                  take another full-time job, whichever comes first: (a) your
                  first year's bonus, and (b) compensation based on your base
                  salary in effect at the time of termination, payable
                  bimonthly. However, if you secure other employment within one
                  year of your termination for which your base salary, bonus or
                  wages is less than your base salary at the time of
                  termination, the Company will pay you (for the remainder of
                  the one year period) an amount equal to the difference between
                  the base salary, bonus and wages from your new employer and
                  your base salary as of the date of your termination from the
                  LendingTree. If your employment terminates after your first
                  anniversary of employment, you will receive only the
                  severance compensation described above in (i)(b) for up to one
                  year but shall have no further bonus entitlement as described
                  above in (i)(a).

         (ii)     If your employment is terminated by the Company for a reason
                  other than "Cause" prior to your first anniversary date, you
                  will still be entitled to options that would have otherwise
                  vested on that date. If your employment is terminated by the
                  Company for a reason other than "Cause" after your first
                  anniversary date, you will be entitled to a pro rata number of
                  options based on the number of months you have

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                  worked in the year of your termination before your next
                  anniversary date (e.g., 6 months worked equates to a right to
                  50% of the shares of stock that would have otherwise vested on
                  your anniversary date if you had remained an employee). A
                  partial month's service shall be rounded up to an additional
                  month in calculating your pro rata entitlement. No vested
                  options shall be forfeited by you as a result of your
                  termination by the Company or for any other reason, except
                  your failure to exercise any vested option within 90 days
                  thereafter or such other time specified in the Employee Stock
                  Option Plan, if longer. In addition, if any options granted
                  hereunder do not vest immediately for any reason you shall
                  have at least 90 days from the date on which those options
                  vest in which to exercise those options. The Company
                  represents and acknowledges that this provision does not
                  violate the Employee Stock Option Plan and takes priority over
                  any provision in the Plan to the contrary, if any.

-        Upon the termination of your employment (regardless of the date, cause
         or manner of such termination), you (or in the event of your death,
         your personal representatives, heirs, legatees, successors and assigns)
         shall turn over and return to the Lending Tree all property whatsoever
         of the Company or its Customers in or under your possession or control,
         including without limitation all Confidential Information and
         LendingTree property. Any and all compensation due you at the time of
         such termination may be withheld by LendingTree pending receipt of such
         property, and you hereby expressly authorize such unilateral action by
         LendingTree.

-        You agree that you will not, during or after your employment for a
         period of five years (i) use any Confidential Information (as defined
         below), except in the performance of your services hereunder, (ii)
         except in the performance of your services hereunder reveal or disclose
         any such Confidential Information to any person, firm, corporation or
         other entity outside the Company, or (iii) except in the performance of
         your services hereunder, remove or aid in the removal from the premises
         of the Company any such Confidential Information or any material which
         relates thereto.

         "Confidential Information" means any information which: (i) is, or is
         designed to be, used in the business of the LendingTree, or a Customer
         or Vendor, (ii) is private or confidential and derives independent
         actual or potential commercial value from not being generally known or
         available to

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         the public, and (iii) gives the LendingTree or a Customer or Vendor an
         opportunity to obtain an advantage over competitors who do not know or
         use such information, and shall include, but shall not be limited to
         the Company's trade secrets as defined by N.C. Gen. Stat.
         Section 66-152(l), financial statements and projections, expansion
         proposals, customer lists, and details of its Internet web site or
         business relationships with banks, lenders and other parties not
         otherwise publicly available.

         "Customer" means any person or entity (i) who was or is a customer or
         client of LendingTree during your employment, and (ii) with whom you
         had dealings in the course of your employment with the Company
         hereunder, at any time during the twelve (12) month period immediately
         preceding the date of termination of your employment.

         "Vendor" means any person or entity (i) who was or is a lending
         institution or client of the LendingTree during your employment, and
         (ii) with whom you had dealings in the course of your employment with
         the Company hereunder, at any time during the twelve (12) month period
         immediately preceding the date of termination of your employment.

-        If the Company terminates your employment for reasons other than
         "Cause" before the first anniversary of your employment, you will not
         be bound by the provisions of the paragraph immediately following.

-        You agree and covenant that during the term of your employment
         hereunder and for a period of one (1) year [twelve (12) full calendar
         months] following the effective date of the termination of your
         employment, regardless of the date, cause or manner of such
         termination, except as provided in the above paragraph, without the
         advance written consent of LendingTree and other than in conjunction
         with services rendered by you, directly or indirectly, for you or as
         agent, employee, consultant, owner, partner, member, stockholder or
         otherwise of others, you will not:

                  (i)      engage in any business involving internet based or
                           company intranet based loan origination or loan
                           brokerage services or any other line of business that
                           is engaged in by the Company (or with respect to
                           which the Company has made significant preparations
                           to engage) as of the date of such termination of
                           employment;

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                  (ii)     call upon or in any manner contact any Customer or
                           Vendor located in the Restricted Territory (as
                           defined below) for the purpose of marketing and/or
                           selling or providing to such Customer products or
                           services the same as, or similar in nature to, the
                           Products (as defined below) of Lending Tree;

                  (iii)    accept a Customer or Vendor located in the Restricted
                           Territory as a customer or vendor for such purposes;
                           or

                  (iv)     otherwise interfere with any business relationship
                           between a Customer or Vendor located in the
                           Restricted Territory and LendingTree, or assist
                           another in taking such action.

-        You agree and covenant that during the term of your employment
         hereunder and for a period of one (1) year [twelve (12) full calendar
         months] following the effective date of the termination of your
         employment, regardless of the date, cause or manner of such
         termination, you will not, without the advance written consent of the
         LendingTree and other than in conjunction with services rendered by
         you, directly or indirectly, for you or as agent, employee,
         consultant, owner, partner, member, stockholder or otherwise of others,
         you will not attempt to induce, hire or otherwise employ or retain, or
         knowingly permit (to the extent reasonable and within your control) any
         other entity or business which employs you or in which you have any
         ownership interest or are otherwise involved to attempt to induce, hire
         or otherwise employ or retain, any person who was employed by the
         Company as of the date of your termination.

         "Products" means products or services offered by LendingTree at any
         time during the term of your employment.

         "Restricted Territory" means the following:

                  (i)      any city or county, including Charlotte, Mecklenburg
                           County, within which you have provided services or
                           had Customer or Vendor contacts for LendingTree
                           hereunder within one year preceding your termination;

                  (ii)     any state, including North Carolina, within which you
                           have provided services or had Customer or Vendor
                           contacts for

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                           LendingTree hereunder within one year preceding your
                           termination; and

                  (iii)    all other States of the United States of America
                           within which you have provided services or had
                           Customer or Vendor contacts for LendingTree
                           hereunder within one year preceding your termination.

         You agree that the Restricted Territory is reasonable in scope given
         the real and potential competition encountered by LendingTree and
         reasonably expected to be encountered by LendingTree and the fact that
         Vendors and Customers are located throughout the United States.

-        You agree that you will promptly, from time to time, fully inform,
         disclose and assign to LendingTree all inventions, designs, documents,
         marks, names, improvements, discoveries and trade secrets which pertain
         or relate to the business of LendingTree, or any business incidental or
         related thereto, and which in whole or in part are derived from or are
         the result of your work with LendingTree, that you shall conceive, make
         or come into possession of during your period of employment with
         LendingTree under this letter agreement. LendingTree may, at its own
         expense, prepare and prosecute applications for copyrights,
         trademarks, service marks, trade names or letters patent, or may take
         other actions that it deems necessary or appropriate to protect its
         rights, with respect to the aforementioned items. Simultaneously with
         the preparation of such applications, or the taking of such other
         protective actions, you shall execute such applications and assign them
         to LendingTree and shall cooperate with LendingTree in any such other
         protective actions, and you shall thereafter, from time to time, as
         required, execute all further papers pertaining to said inventions,
         designs, documents, marks, names, improvements, discoveries, trade
         secrets, applications and protective actions and shall otherwise
         cooperate with LendingTree in enforcing and protecting the rights and
         position of LendingTree hereunder.

-        You and LendingTree agree that any claim or controversy that arises out
         of or relates to your employment, or the breach of the terms of this
         letter agreement, will be settled by arbitration, utilizing procedures
         followed by the American Arbitration Association in Charlotte, North
         Carolina. Judgment upon award rendered in arbitration may be entered in
         any Federal Court in North Carolina possessing jurisdiction of
         arbitration awards.

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We are excited to have you as a member of our team and know you will find the
work challenging, exciting, and most rewarding.

Sincerely,

Douglas R. Lebda
Chief Executive Officer

Accepted:

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Thomas J. Reddin                                     Date








               LENDINGTREE, INC. IS AN EQUAL OPPORTUNITY EMPLOYER.

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