Document:

<PAGE>   1
                                                                   Exhibit 10.19

                                VOTING AGREEMENT

         THIS VOTING AGREEMENT (this "Agreement") is entered into and effective
as of March7, 2001, (the "Effective Date") by and among LendingTree, Inc. a
Delaware corporation (the "Corporation"), and each of the stockholders listed on
Schedule I attached hereto (each such stockholder, a "Stockholder").

         WHEREAS, concurrently herewith, the Corporation has agreed to issue
shares of its Series A 8% Convertible Preferred Stock (the "Series A Preferred
Stock") to a group of investors (the "Investors"), the names of which are set
forth on Schedule I to the Series A 8% Convertible Preferred Stock Purchase
Agreement (the "Stock Purchase Agreement") dated of even date herewith among the
Corporation and the Investors;

         WHEREAS, as an inducement to such Investors' agreement to purchase the
shares of Series A Preferred Stock pursuant to the Stock Purchase Agreement, the
Company and each of the Stockholders desire to enter into this Agreement with
respect to how shares of the Corporation's capital stock held by them shall be
voted with respect to certain matters.

         NOW THEREFORE, in consideration of the above recitals and the mutual
covenants made herein, the parties hereby agree as follows:

                  1. Share Ownership.

                  1.1 Current Shares. Each Stockholder represents and warrants
to the Company and each other Stockholder that (i) such Stockholder is a record
or beneficial owner of the shares of capital stock or voting securities or
securities convertible into capital stock of the Company set forth opposite its
name on Schedule I attached hereto (the "Shares") with power to vote the Shares
or cause the Shares to be voted; (ii) the Shares set forth opposite its name on
Schedule I attached hereto constitute such Stockholder's entire interest in the
outstanding capital stock and voting securities or securities convertible into
capital stock of the Company other than shares that are subject to employee
stock options; and (iii) such Stockholder's address is accurately set forth on
the signature page attached hereto.

<PAGE>   2

                  1.2 New Shares. Each of the Stockholders agrees that any
shares of capital stock or voting securities, or securities convertible into
capital stock or voting securities, of the Company ("New Shares") that such
Stockholder purchases or with respect to which such Stockholder otherwise
acquires beneficial ownership after the date of this Agreement and prior to the
Expiration Date (as defined in Section 7) shall be subject to the terms and
conditions of this Agreement to the same extent as if they constituted Shares.

                  2. Voting Rights and Conversion Features of Series A Preferred
Stock. Prior to the Expiration Date, at every meeting of the stockholders of the
Company at which the matters described in this Section 2 are considered or voted
upon, and at every adjournment or postponement thereof, and on every action of
the Company with respect to the following matter, each of the Stockholders shall
vote, or, using such Stockholder's best efforts, and to the full extent legally
permitted, cause the holder of record to vote the Shares and any New Shares
(except those Shares or New Shares which are not voting securities), in favor of
any proposal seeking approval of (i) the general voting rights of the Series A
Preferred Stock described in the third sentence of Section 8 of the Certificate
of Designations, Preferences and Rights of Series A Preferred Stock, a form of
which is attached as Exhibit A hereto (the "Certificate of Designations"), and
(ii) the ability to convert the shares of Series A Preferred Stock into Common
Stock as described in Section 6(a) of the Certificate of Designations, and any
subsequent issuances of Common Stock upon any such conversion of the Series A
Preferred Stock, or in favor of any other proposal the purpose of which is to
seek approval of matters relating to the foregoing or the rights intended to be
afforded to the holders of the Series A Preferred Stock under the Certificate of
Designations that otherwise require approval of the Company's stockholders under
applicable rules of the Nasdaq Stock Market to be effective.

                  3. 2001 Stock Incentive Plan of LendingTree, Inc. Prior to the
Expiration Date, at every meeting of the Stockholders of the Company at which
the matter described in this Section 3 is considered or voted upon, and at every
adjournment or postponement thereof, and on every action with respect to the
following matter, each of the stockholders shall vote, or, using such
Stockholder's best efforts, and to the full extent legally permitted, cause the
holder of record to vote the Shares and any New Shares (except those Shares or
New Shares which are not voting securities), in favor of any proposal seeking
approval of the 2001 Stock Incentive Plan of LendingTree, Inc., attached hereto
as Exhibit B.

                                       2
<PAGE>   3

                  4. Irrevocable Proxy. Each of the Stockholders hereby agrees
to concurrently deliver to the Company a duly executed proxy in the form
attached hereto as Exhibit C (the "Proxy"), such Proxy to cover the issued and
outstanding Shares and all issued and outstanding New Shares in respect of which
such Stockholder is the record holder and is entitled to vote at any meeting of
the stockholders of the Company (including, without limitation, any written
consent in lieu of a meeting) prior to the Expiration Date. In the event that
any of the Stockholders is unable to provide any such Proxy in a timely manner,
such Stockholder hereby grants the Company an irrevocable power of attorney to
execute and deliver such Proxy for and on behalf of such Stockholder, such power
of attorney, which being coupled with an interest, shall survive any transfer
(including by operation of law), death, disability, bankruptcy, or any other
such impediment of such Stockholder. Upon the execution of this Agreement by
each of the Stockholders, such Stockholder hereby revokes any and all prior
proxies or powers of attorney given by such Stockholder with respect to voting
of the Shares or any New Shares on the matters referred to in Section 2 hereof
and agrees not to grant any subsequent proxies or powers of attorney with
respect to the voting of the Shares or any New Shares on the matters referred to
in Section 2 hereof until after the Expiration Date and any attempt to do so
shall be void.

                  5. Notice to Transfer Agent. Each of the Stockholders
authorizes the Corporation to notify its transfer agent of the existence of this
Agreement and to take such other actions reasonably necessary to ensure
compliance with the provisions of this Agreement.

                  6. Representations, Warranties and Covenants of Stockholder.
Each of the Stockholders hereby represents, warrants and covenants to the
Company and each other Stockholder that such Stockholder has full power and
legal capacity to execute and deliver this Agreement and to perform his or her
obligations hereunder. This Agreement has been duly and validly executed and
delivered by such Stockholder and constitutes the valid and legally binding
obligation of such Stockholder, enforceable against such Stockholder in
accordance with its terms, except as may be limited by (i) the effect of
bankruptcy, insolvency, conservatorship, arrangement, moratorium or other laws
affecting or relating to the rights of creditors generally, or (ii) the rules
governing the availability of specific performance, injunctive relief or other
equitable remedies and general principles of equity, regardless of whether
considered in a proceeding in equity or at law. The execution and delivery of
this Agreement by such Stockholder does not, and the performance of such
Stockholder's obligations hereunder will not, result in any breach of or

                                       3
<PAGE>   4

constitute a default (or an event that with notice or lapse of time or both
would become a default) under, or give to others any right to terminate, amend,
accelerate or cancel any right or obligation under, or result in the creation of
any lien or encumbrance on any Shares or New Shares pursuant to, any note, bond,
mortgage, indenture, contract, agreement, lease, license, permit, franchise or
other instrument or obligation to which such Stockholder is a party or by which
such Stockholder or the Shares or New Shares are or will be bound or affected.

                  7. Expiration and Termination. As used herein, the term
"Expiration Date" shall mean the earlier to occur of (i) the date on which there
are no shares of Series A Preferred Stock outstanding or (ii) the date on which
the matters set forth in Section 2 hereof have been duly approved at a meeting
of the Company's stockholders by the holders of at least a majority of the
outstanding shares of the Company's common stock, or in any case otherwise by
the requisite number of votes required for such matter to be properly approved
under the applicable National Association of Securities Dealers, Inc. rules; it
being understood that the Company shall convene such meeting of the stockholders
as set forth in Section 7.6 of the Stock Purchase Agreement. This Agreement and
all obligations of each of the Stockholders hereunder shall terminate and shall
have no further force or effect as of the Expiration Date. The Proxy delivered
in connection herewith and all obligations of each of the Stockholders
thereunder shall terminate and shall have no further force or effect as of the
Expiration Date; it being understood, that, in the case of clause (ii) of the
definition of Expiration Date, such termination shall occur immediately as of
the time on the Expiration Date that the matters referred to in such clause (ii)
have been appropriately approved by the Company's stockholders.

                  8. Miscellaneous.

                  8.1 Binding Effect, Transfers and Assignment. Each of the
Stockholders agrees not to transfer, sell, exchange, pledge or otherwise dispose
of or encumber any of the Shares, or make any offer or agreement relating
thereto, at any time prior to the Expiration Date other than to a transferee
that agrees in writing to be bound by the terms of this Agreement, a copy of
which will be sent to the Company, and the proxy attached hereto. Each of the
Stockholders understands and agrees that if such Stockholder attempts to
transfer, vote or provide any other person with the authority to vote any of the
Shares prior to the Expiration Date other than in compliance with this
Agreement, the Company shall not, and each of the Stockholders hereby
unconditionally and irrevocably instructs the Company to not, permit any such
transfer on its books and records, issue a new certificate representing any of
the Shares or record such vote unless and until such Stockholder shall have

                                       4
<PAGE>   5

complied with the terms of this Agreement. This Agreement and all of the
provisions hereof shall attach to the Shares and the New Shares and be binding
upon and inure to the benefit of the parties hereto and their respective
successors and permitted assigns, but, except as otherwise specifically provided
herein, neither this Agreement nor any of the rights, interests or obligations
of the parties hereto may be assigned by either of the parties without the prior
written consent of the other. This Agreement is intended to bind each of the
Stockholders solely as a securityholder of the Company only with respect to the
specific matters set forth herein.

                  8.2 Amendment and Modification. This Agreement may not be
modified, amended, altered or supplemented except by the execution and delivery
of a written agreement executed by the parties hereto.

                  8.3 Stockholder Capacity. No person executing this Agreement
who is or becomes during the term hereof a director of the Company makes any
agreement or understanding herein in his or her capacity as such director.
Furthermore, notwithstanding anything to the contrary contained in Sections 2
and 3 above, if any representative of any such Stockholder is a member of the
Company's Board of Directors, nothing in such sections shall be construed to
obligate such representative to act in such person's capacity as a director in
any manner that may conflict with such person's fiduciary duties as a director
of the Company.

                  8.4 Notices. All notices, requests, demands or other
communications that are required or may be given pursuant to the terms of this
Agreement shall be in writing and shall be deemed to have been duly given (a)
when delivered, if delivered by hand, (b) one business day after transmitted, if
transmitted by a nationally recognized overnight courier service, (c) when
telecopied, if telecopied (which is confirmed), or (d) three business days after
mailing, if mailed by registered or certified mail (return receipt requested),
to the parties at the following addresses:

                           (1) If to a Stockholder, at the address set forth
below such Stockholder's signature at the end hereof.

                           (2) if to the Company, to:

                                    LendingTree, Inc.
                                    11115 Rushmore Drive
                                    Charlotte, NC  28277
                                    Fax: (704) 541-1824

                                       5
<PAGE>   6

                                    Attention:  Chief Financial Officer
                                    Attention:  General Counsel
                                    Attention:  Controller

                                    with a copy to:

                                    Skadden, Arps, Slate, Meagher & Flom LLP
                                    Four Times Square
                                    New York, NY  10036
                                    Attention: David J. Goldschmidt, Esq.
                                    Fax: (212) 735-2000
                                    Telephone: (212) 735-3000

or to such other address as any party hereto may designate for itself by notice
given as herein provided.

                  8.5 Governing Law. THIS AGREEMENT SHALL BE GOVERNED BY, AND
CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK
WITHOUT GIVING EFFECT TO THE PRINCIPLES OF CONFLICTS OR CHOICE OF LAW RULES OF
ANY JURISDICTION. THE PARTIES HERETO HEREBY IRREVOCABLY AND UNCONDITIONALLY
CONSENT TO SUBMIT TO THE NON-EXCLUSIVE JURISDICTION OF THE COURTS OF THE STATE
OF NEW YORK AND OF THE UNITED STATES OF AMERICA LOCATED IN THE COUNTY OF NEW
YORK, NEW YORK (THE "NEW YORK COURTS") FOR ANY LITIGATION ARISING OUT OF OR
RELATING TO THE AGREEMENT AND THE TRANSACTIONS CONTEMPLATED THEREBY, WAIVE ANY
OBJECTION TO THE LAYING OF VENUE OF ANY SUCH LITIGATION IN THE NEW YORK COURTS
AND AGREE NOT TO PLEAD OR CLAIM IN ANY NEW YORK COURT THAT SUCH LITIGATION
BROUGHT THEREIN HAS BEEN BROUGHT IN AN INCONVENIENT FORUM.

                  8.6 Entire Agreement. This Agreement and the Proxy contain the
entire understanding of the parties in respect of the express subject matter
hereof, and supersede all prior negotiations and understandings between the
parties with respect to such subject matter.

                  8.7 Scope of Agreement; Specific Performance. Each Stockholder
hereto agrees and acknowledges that any agreement made by, or obligation of, it
hereunder shall be for the benefit of each other Stockholder party hereto, as
well as the Company. Each party hereto, in addition to being entitled to
exercise all rights provided herein or granted by law, including recovery of
damages, will be entitled to specific performance of its rights under this
Agreement, including with respect to any stockholder seeking performance by
another stockholder of such other stockholder's

                                       6
<PAGE>   7

obligations hereunder. Each party hereto hereby agrees that monetary damages
would not be adequate compensation for any loss incurred by reason of a breach
by it of the provisions of this Agreement and hereby agrees to waive the defense
in any action for specific performance that a remedy at law would be adequate.

                  8.8 Counterparts. This Agreement may be executed in two or
more counterparts, each of which shall be deemed an original, but all of which
together shall constitute one and the same instrument.

                  8.9 Severability. If any term, provision, covenant or
restriction of this Agreement is held by a court of competent jurisdiction or
other authority to be invalid, void or unenforceable, the remainder of the
terms, provisions, covenants and restrictions of this Agreement shall remain in
full force and effect and shall in no way be affected, impaired or invalidated
so long as the economic or legal substance of the transactions contemplated
hereby is not affected in any manner materially adverse to any party. Upon such
a determination, the parties shall negotiate in good faith to modify this
Agreement so as to effect the original intent of the parties as closely as
possible in an acceptable manner in order that the transactions contemplated
hereby be consummated as originally contemplated to the fullest extent possible.

                            [Signature Page Follows]

                                       7
<PAGE>   8

                  IN WITNESS WHEREOF, the parties hereto have duly executed this
Voting Agreement, or have caused this Voting Agreement to be fully executed on
their behalf as of the date first set forth above.

                                                   LENDINGTREE, INC.

                                          By:_____________________________
                                             Name:  Thomas J. Reddin
                                             Title: Senior Vice President
                                                    and Chief Operating Officer

                  [SIGNATURE PAGE TO VOTING AGREEMENT]

<PAGE>   9

                                      Stockholder

                                      SPECIALTY FINANCE PARTNERS
                                      By: Capital Z Financial Services Fund II,
                                          L.P.
                                      By: Capital Z Partners, Ltd.,
                                          its ultimate General Partner

                                      By: _________________________________
                                          Name:
                                          Title:

                                      Specialty Finance Partners
                                      ------------------------------------------
                                      (Print Name of Stockholder)

                                      54 Thompson Street
                                      ------------------------------------------
                                      (Print Street Address)

                                      New York, NY 10012
                                      ------------------------------------------
                                      (Print City, State and Zip Code)

                                      (212) 965-0800
                                      ------------------------------------------
                                      (Print Telephone Number)

Total Number of the Company's common shares owned directly on the date hereof:

Common shares:    3,956,420

State of Residence:
                           ---------------------------------

                      [SIGNATURE PAGE TO VOTING AGREEMENT]

<PAGE>   10

                                     Stockholder

                                     By:_________________________________
                                     Name: ______________________________
                                     Title: _______________________________

                                     The Union Labor Life Insurance Company
                                     on behalf of its Separate Account P
                                     -------------------------------------------
                                     (Print Name of Stockholder)

                                     111 Washington Avenue, N.W.
                                     -------------------------------------------
                                     (Print Street Address)

                                     Washington, DC 20001
                                     -------------------------------------------
                                     (Print City, State and Zip Code)

                                     (202) 682-4690
                                     -------------------------------------------
                                     (Print Telephone Number)

Total Number of the Company's common shares owned directly on the date hereof:

Common shares:    1,850,604

State of Residence:
                           ---------------------------------

                      [SIGNATURE PAGE TO VOTING AGREEMENT]

<PAGE>   11

                                            Stockholder

                                            ------------------------------------
                                            (Signature)

                                            Douglas R. Lebda
                                            ------------------------------------
                                            (Print Name of Stockholder)

                                            c/o LendingTree Inc.
                                            11115 Rushmore Drive
                                            ------------------------------------
                                            (Print Street Address)

                                            Charlotte, NC 28277
                                            ------------------------------------
                                            (Print City, State and Zip Code)

                                            (704) 944-8501
                                            ------------------------------------
                                            (Print Telephone Number)

Total Number of the Company's common shares owned directly on the date hereof:

Common shares:    281,428

State of Residence:
                           ---------------------------------

                      [SIGNATURE PAGE TO VOTING AGREEMENT]

<PAGE>   12

                                 Stockholder

                                 ---------------------------------------------
                                 (Signature)

                                 Douglas R. Lebda & Tara G. Lebda  Jt Ten WROS
                                 ---------------------------------------------
                                 (Print Name of Stockholder)

                                 c/o LendingTree, Inc.
                                 11115 Rushmore Drive
                                 -----------------------------------------------
                                 (Print Street Address)

                                 Charlotte, NC 28277
                                 -----------------------------------------------
                                 (Print City, State and Zip Code)

                                 (704) 944-8501
                                 -----------------------------------------------
                                 (Print Telephone Number)

Total Number of the Company's common shares owned directly on the date hereof:

Common shares:    589,280

State of Residence:
                           ---------------------------------

                      [SIGNATURE PAGE TO VOTING AGREEMENT]

<PAGE>   13

                                      Stockholder

                                       -----------------------------------------
                                      (Signature)

                                      The Lebda Family 1999 Irrevocable Trust
                                      (Print Name of Stockholder)

                                      c/o LendingTree, Inc.
                                      11115 Rushmore Drive
                                      ------------------------------------------
                                      (Print Street Address)

                                      Charlotte, NC 28277
                                      ------------------------------------------
                                      (Print City, State and Zip Code)

                                      (704) 944-8501
                                      ------------------------------------------
                                      (Print Telephone Number)

Total Number of the Company's common shares owned directly on the date hereof:

Common shares:    88,900

State of Residence:
                           ---------------------------------

                      [SIGNATURE PAGE TO VOTING AGREEMENT]

<PAGE>   14

                                       Stockholder

                                       -----------------------------------------
                                       (Signature)

                                       FBO W. James Tozer, Jr. IRA Delaware
                                       -----------------------------------------
                                       Charter Guarantee & Trust Co. Trustee
                                       -----------------------------------------
                                       (Print Name of Stockholder)

                                       c/o Vectra Management Group
                                       65 East 55th Street, 31st Floor
                                       -----------------------------------------
                                       (Print Street Address)

                                       New York, NY 10022
                                       -----------------------------------------
                                       (Print City, State and Zip Code)

                                       (212) 826-0200
                                       -----------------------------------------
                                       (Print Telephone Number)

Total Number of the Company's common shares owned directly on the date hereof:

Common shares:    69,778

State of Residence:
                           ---------------------------------

                      [SIGNATURE PAGE TO VOTING AGREEMENT]

<PAGE>   15

                                            Stockholder

                                            ------------------------------------
                                            (Signature)

                                            W. James Tozer, Jr.
                                            ------------------------------------
                                            (Print Name of Stockholder)

                                            c/o Vectra Management Group
                                            65 East 55th Street, 31st Floor
                                            ------------------------------------
                                            (Print Street Address)

                                            New York, NY 10022
                                            ------------------------------------
                                            (Print City, State and Zip Code)

                                            (212) 826-0200
                                            ------------------------------------
                                            (Print Telephone Number)

Total Number of the Company's common shares owned directly on the date hereof:

Common shares:    525,127

State of Residence:
                           ---------------------------------

                      [SIGNATURE PAGE TO VOTING AGREEMENT]

<PAGE>   16

                                            Stockholder

                                            ------------------------------------
                                            (Signature)

                                            Richard D. Field
                                            ------------------------------------
                                            (Print Name of Stockholder)

                                            49 Locust Ave., Suite 104
                                            ------------------------------------
                                            (Print Street Address)

                                            New Canaan, CT 06840
                                            ------------------------------------
                                            (Print City, State and Zip Code)

                                            (203) 966-0297
                                            ------------------------------------
                                            (Print Telephone Number)

Total Number of the Company's common shares owned directly on the date hereof:

Common shares:    427,931

State of Residence:
                           ---------------------------------

                      [SIGNATURE PAGE TO VOTING AGREEMENT]

<PAGE>   17

                                            Stockholder

                                            By:_________________________________
                                            Name: ______________________________
                                            Title: _____________________________

                                            Theodore W. Kheel
                                            ------------------------------------
                                            (Print Name of Stockholder)

                                            75 East 55th Street - 5th Floor
                                            ------------------------------------
                                            (Print Street Address)

                                            New York, NY 10022
                                            ------------------------------------
                                            (Print City, State and Zip Code)

                                            ------------------------------------
                                            (Print Telephone Number)

Total Number of the Company's common shares owned directly on the date hereof:

Common shares:    70,556

State of Residence:        New York
                           ---------------------------------

                      [SIGNATURE PAGE TO VOTING AGREEMENT]

<PAGE>   18

                         Stockholder

                         By:_________________________________
                         Name: ______________________________
                         Title: _______________________________

                         Prudential Securities C/F Keith B. Hall--IRA Rollover
                         ------------------------------------------------------
                         (Print Name of Stockholder)

                         c/o LendingTree, Inc.
                         11115 Rushmore Drive
                         ------------------------------------------------------
                         (Print Street Address)

                         Charlotte, NC 28277
                         ------------------------------------------------------
                         (Print City, State and Zip Code)

                         (704) 541-1824
                         ------------------------------------------------------
                         (Print Telephone Number)

Total Number of the Company's common shares owned directly on the date hereof:

Common shares:    25,400

State of Residence:
                           ---------------------------------

                      [SIGNATURE PAGE TO VOTING AGREEMENT]

<PAGE>   19

                                            Stockholder

                                            By:_________________________________
                                            Name: ______________________________
                                            Title: _____________________________

                                            Keith B. and Ann M. Hall
                                            ------------------------------------
                                            (Print Name of Stockholder)

                                            c/o LendingTree, Inc.
                                            11115 Rushmore Drive
                                            ------------------------------------
                                            (Print Street Address)

                                            Charlotte, NC 28277
                                            ------------------------------------
                                            (Print City, State and Zip Code)

                                            (704) 944-8580
                                            ------------------------------------
                                            (Print Telephone Number)

Total Number of the Company's common shares owned directly on the date hereof:

Common shares:    13,756

State of Residence:
                           ---------------------------------

                      [SIGNATURE PAGE TO VOTING AGREEMENT]

<PAGE>   20

                                            Stockholder

                                            By:_________________________________
                                            Name: ______________________________
                                            Title: _____________________________

                                            Keith B. Hall
                                            ------------------------------------
                                            (Print Name of Stockholder)

                                            c/o LendingTree, Inc.
                                            11115 Rushmore Drive
                                            ------------------------------------
                                            (Print Street Address)

                                            Charlotte, NC 28277
                                            ------------------------------------
                                            (Print City, State and Zip Code)

                                            (704) 944-8580
                                            ------------------------------------
                                            (Print Telephone Number)

Total Number of the Company's common shares owned directly on the date hereof:

Common shares:    21,960

State of Residence:
                           ---------------------------------

                      [SIGNATURE PAGE TO VOTING AGREEMENT]

<PAGE>   21

                                            Stockholder

                                            By:_________________________________
                                            Name: ______________________________
                                            Title: _____________________________

                                            General Electric Capital Residential
                                            ------------------------------------
                                            Connections Corporation
                                            ------------------------------------
                                            (Print Name of Stockholder)

                                            Attention: Cathy Kenworthy
                                            6601 Six Forks Road
                                            ------------------------------------
                                            (Print Street Address)

                                            Raleigh, NC 27615
                                            ------------------------------------
                                            (Print City, State and Zip Code)

                                            ------------------------------------
                                            (Print Telephone Number)

Total Number of the Company's common shares owned directly on the date hereof:

Common shares:    1,266,053

State of Residence:
                           ---------------------------------

                      [SIGNATURE PAGE TO VOTING AGREEMENT]

<PAGE>   22

                                   Stockholder

                                   By:_________________________________
                                   Name: ______________________________
                                   Title: _______________________________

                                   General Electric Capital Assurance Company
                                   ---------------------------------------------
                                   (Print Name of Stockholder)

                                   Attention: Cathy Kenworthy
                                   6601 Six Forks Road
                                   ---------------------------------------------
                                   (Print Street Address)

                                   Raleigh, NC 27615
                                   ---------------------------------------------
                                   (Print City, State and Zip Code)

                                   ---------------------------------------------
                                   (Print Telephone Number)

Total Number of the Company's common shares owned directly on the date hereof:

Common shares:    316,514

State of Residence:
                           ---------------------------------

                      [SIGNATURE PAGE TO VOTING AGREEMENT]

<PAGE>   23

                                            Stockholder

                                            By:_________________________________
                                            Name: ______________________________
                                            Title: _____________________________

                                            Stone Street Fund 1999, L.P.
                                            ------------------------------------
                                            (Print Name of Stockholder)

                                            Attention: P. Sheridan Schechner
                                            85 Broad Street
                                            ------------------------------------
                                            (Print Street Address)

                                            New York, NY 10004
                                            ------------------------------------
                                            (Print City, State and Zip Code)

                                            ------------------------------------
                                            (Print Telephone Number)

Total Number of the Company's common shares owned directly on the date hereof:

Common shares:    142,429

State of Residence:
                           ---------------------------------

                      [SIGNATURE PAGE TO VOTING AGREEMENT]

<PAGE>   24

                                            Stockholder

                                            By:_________________________________
                                            Name: ______________________________
                                            Title: _____________________________

                                            The Goldman Sachs Group, Inc.
                                            ------------------------------------
                                            (Print Name of Stockholder)

                                            Attention: P. Sheridan Schechner
                                            85 Broad Street
                                            ------------------------------------
                                            (Print Street Address)

                                            New York, NY 10004
                                            ------------------------------------
                                            (Print City, State and Zip Code)

                                            ------------------------------------
                                            (Print Telephone Number)

Total Number of the Company's common shares owned directly on the date hereof:

Common shares:    1,281,881

State of Residence:
                           ---------------------------------

                      [SIGNATURE PAGE TO VOTING AGREEMENT]

<PAGE>   25

                                   SCHEDULE I

<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------
                                                                     Common Stock       Percent of
                                                                        Shares         Outstanding
                                                                                          Shares
------------------------------------------------------------------------------------------------------
<S>                                                                    <C>                <C>
Specialty Finance Partners                                             3,956,420          21.1%
------------------------------------------------------------------------------------------------------
The Union Labor Life Insurance Company on behalf of its Separate       1,850,604           9.9%
Account P
------------------------------------------------------------------------------------------------------
Douglas R. Lebda                                                        281,428            1.5%
------------------------------------------------------------------------------------------------------
Douglas R. Lebda & Tara G. Lebda Jt Ten WROS                            589,280            3.1%
------------------------------------------------------------------------------------------------------
The Lebda Family 1999 Irrevocable Trust                                 88,900             0.5%
-------------------------------------------------------------------                  -----------------
FBO W. James Tozer, Jr. IRA Delaware Charter Guarantee & Trust          69,778             0.4%
Co. Trustee
-------------------------------------------------------------------                  -----------------
W. James Tozer, Jr.                                                     525,127            2.8%
-------------------------------------------------------------------                  -----------------
Richard D. Field                                                        427,931            2.3%
-------------------------------------------------------------------                  -----------------
Theodore W. Kheel                                                       70,556             0.4%
-------------------------------------------------------------------                  -----------------
Prudential Securities C/F Keith B. Hall - IRA Rollover                  25,400             0.1%
-------------------------------------------------------------------                  -----------------
Keith B. and Ann M. Hall                                                13,756             0.1%
-------------------------------------------------------------------                  -----------------
Keith B. Hall                                                           21,960             0.1%
-------------------------------------------------------------------                  -----------------
GE Capital Residential Connections Corporation                         1,266,053           6.8%
-------------------------------------------------------------------                  -----------------
General Electric Capital Assurance Company                              316,514            1.7%
-------------------------------------------------------------------                  -----------------
Stone Street Fund 1999, L.P.                                            142,429            0.8%
-------------------------------------------------------------------                  -----------------
The Goldman Sachs Group, Inc.                                          1,281,881           6.8%
-------------------------------------------------------------------                  -----------------
</TABLE>

                                       25
<PAGE>   26

<TABLE>
<S>                                                                    <C>                <C>
-------------------------------------------------------------------                  -----------------
                                                                      10,928,017          58.40%
-------------------------------------------------------------------                  -----------------
Total Common Stock Outstanding                                        18,737,441
-------------------------------------------------------------------                  -----------------
</TABLE>

                                       26
<PAGE>   27

                                                                       EXHIBIT A

               CERTIFICATE OF DESIGNATIONS, PREFERENCES AND RIGHTS
                           OF SERIES A PREFERRED STOCK

                                       27
<PAGE>   28

                                                                       EXHIBIT B

                 2001 STOCK INCENTIVE PLAN OF LENDINGTREE, INC.

                                       28
<PAGE>   29

                                                                       EXHIBIT C

                                IRREVOCABLE PROXY
                                TO VOTE SHARES OF
                                LENDINGTREE, INC.

                  The undersigned stockholder of LendingTree, Inc., a Delaware
corporation (the "Company"), hereby irrevocably appoints Keith B. Hall or Doug
Lebda or any other designee of the Company as the sole and exclusive attorney
and proxy of the undersigned, with full power of substitution and
resubstitution, to vote and exercise all voting rights (to the full extent that
the undersigned is entitled to do so) with respect to all of the issued and
outstanding shares of capital shares of the Company that now are owned of record
by the undersigned (collectively, the "Shares"), in accordance with the terms of
this Irrevocable Proxy. The Shares owned of record by the undersigned
stockholder of the Company as of the date of this Irrevocable Proxy are listed
on the final page of this Irrevocable Proxy. Upon the undersigned's execution of
this Irrevocable Proxy, any and all prior proxies given by the undersigned with
respect to the voting of any Shares on the matters referred to in the third full
paragraph of this Irrevocable Proxy are hereby revoked and the undersigned
agrees not to grant any subsequent proxies with respect to such matters until
after the Expiration Date (as defined below).

                  This proxy is irrevocable, is coupled with an interest and is
granted in consideration of the investment in the Company of an aggregate of
$24,350,000 pursuant to the Series A 8% Convertible Preferred Stock Purchase
Agreement, dated March 7, 2001 (the "Stock Purchase Agreement") by the Investors
named therein. All terms used herein but not otherwise defined herein shall have
the meaning ascribed thereto in that certain Voting Agreement, by and between
LendingTree, Inc. and each of the stockholders named therein, dated March 7,
2001 (the "Voting Agreement").

                  The attorney and proxy named above is hereby authorized,
empowered and directed by the undersigned, at any time prior to the Expiration
Date, to act as the undersigned's attorney and proxy to vote the Shares, and to
exercise all voting rights of the undersigned with respect to the Shares
(including, without limitation, the power to execute and deliver written
consents), at every annual, special or adjourned meeting of the stockholders of
the Company in favor of any proposal seeking approval of the matters referred to
in Section 2 of the Voting Agreement, including approval of (i) the general
voting rights of the Series A Preferred Stock described in the third sentence of
Section 8 of the Certificate of

<PAGE>   30

Designations and (ii) the ability to convert the shares of Series A Preferred
Stock into Common Stock as described in Section 6(a) of the Certificate of
Designations, Preferences and Rights of Series A Preferred Stock, a form of
which is attached as Exhibit A to the Voting Agreement.

                  The attorney and proxy named above may not exercise this
Irrevocable Proxy on any other matter except as provided above. The undersigned
stockholder may vote the Shares on all other matters.

                  All authority herein conferred shall survive the death or
incapacity of the undersigned and any obligation of the undersigned hereunder
shall be binding upon the heirs, personal representatives, successors and
assigns of the undersigned.

                            [Signature Page Follows]

                                       2
<PAGE>   31

                  This Irrevocable Proxy is coupled with an interest as
aforesaid and is irrevocable.

Dated:  March  , 2001

                                      SPECIALTY FINANCE PARTNERS
                                      By: Capital Z Financial Services Fund II,
                                          L.P.
                                      By: Capital Z Partners, Ltd.,
                                          its ultimate General Partner

                                      By: _________________________________
                                          Name:
                                          Title:

                                      Specialty Finance Partners
                                      ------------------------------------------
                                      (Print Name of Stockholder)

                                      Shares owned of record:

                                      3,956,420 Common Shares of the Company

                      [SIGNATURE PAGE TO IRREVOCABLE PROXY]

<PAGE>   32

                  This Irrevocable Proxy is coupled with an interest as
aforesaid and is irrevocable.

Dated:  March  , 2001

                                     By:_________________________________
                                     Name: ______________________________
                                     Title: _______________________________

                                     The Union Labor Life Insurance Company, on
                                     behalf of its Separate Account P
                                     -------------------------------------------
                                     (Print Name of Stockholder)

                                     Shares owned of record:

                                     1,850,604 Common Shares of the Company

                      [SIGNATURE PAGE TO IRREVOCABLE PROXY]

<PAGE>   33

                  This Irrevocable Proxy is coupled with an interest as
aforesaid and is irrevocable.

Dated:  March __, 2001

                                            ------------------------------------
                                            (Signature of Stockholder)

                                            Douglas R. Lebda
                                            ------------------------------------
                                            (Print Name of Stockholder)

                                            Shares owned of record:

                                            281,428 Common Shares of the Company

                      [SIGNATURE PAGE TO IRREVOCABLE PROXY]

<PAGE>   34

                  This Irrevocable Proxy is coupled with an interest as
aforesaid and is irrevocable.

Dated:  March __, 2001

                                       -----------------------------------------
                                       (Signature of Stockholder)

                                       Douglas R. Lebda & Tara G. Lebda Jt Ten
                                       ----------------------------------------
                                       WROS
                                       -----------------------------------------
                                       (Print Name of Stockholder)

                                       Shares owned of record:

                                       589,280 Common Shares of the Company

                      [SIGNATURE PAGE TO IRREVOCABLE PROXY]

<PAGE>   35

                  This Irrevocable Proxy is coupled with an interest as
aforesaid and is irrevocable.

Dated:  March __, 2001

                                       -----------------------------------------
                                       (Signature of Stockholder)

                                       The Lebda Family 1999 Irrevocable Trust
                                       -----------------------------------------
                                       (Print Name of Stockholder)

                                       Shares owned of record:

                                       88,900 Common Shares of the Company

                      [SIGNATURE PAGE TO IRREVOCABLE PROXY]

<PAGE>   36

                  This Irrevocable Proxy is coupled with an interest as
aforesaid and is irrevocable.

Dated:  March __, 2001

                                            ------------------------------------
                                            (Signature of Stockholder)

                                            W. James Tozer, Jr.
                                            ------------------------------------
                                            (Print Name of Stockholder)

                                            Shares owned of record:

                                            525,127 Common Shares of the Company

                      [SIGNATURE PAGE TO IRREVOCABLE PROXY]

<PAGE>   37

                  This Irrevocable Proxy is coupled with an interest as
aforesaid and is irrevocable.

Dated:  March __, 2001

                                         ---------------------------------------
                                         (Signature of Stockholder)

                                         FBO W. James Tozer, Jr. IRA Delaware
                                         ---------------------------------------
                                         Charter Guarantee & Trust Co. Trustee
                                         ---------------------------------------
                                         (Print Name of Stockholder)

                                         Shares owned of record:

                                         69,778 Common Shares of the Company

                      [SIGNATURE PAGE TO IRREVOCABLE PROXY]

<PAGE>   38

                  This Irrevocable Proxy is coupled with an interest as
aforesaid and is irrevocable.

Dated:  March __, 2001

                                            ------------------------------------
                                            (Signature of Stockholder)

                                            Richard D. Field
                                            ------------------------------------
                                            (Print Name of Stockholder)

                                            Shares owned of record:

                                            427,931 Common Shares of the Company

                      [SIGNATURE PAGE TO IRREVOCABLE PROXY]

<PAGE>   39

This Irrevocable Proxy is coupled with an interest as aforesaid and is
irrevocable.

Dated:  March __, 2001

                                            ------------------------------------
                                            (Signature of Stockholder)

                                            Theodore W. Kheel
                                            ------------------------------------
                                            (Print Name of Stockholder)

                                            Shares owned of record:

                                            70,556 Common Shares of the Company

                      [SIGNATURE PAGE TO IRREVOCABLE PROXY]<PAGE>   1

                                                                   Exhibit 10.20

                             ADOPTION AGREEMENT FOR

                              USI CONSULTING GROUP
                     NON-STANDARDIZED 401(K) PROFIT SHARING
                                 PLAN AND TRUST

         The undersigned Employer adopts the USI Consulting Group
Non-Standardized 401(k) Profit Sharing Plan and Trust for those Employees who
shall qualify as Participants hereunder, to be known as the

A1       LendingTree.com 401(k) Retirement Savings Plan
         -----------------------------------------------------------------------
                                (Enter Plan Name)

It shall be effective as of the date specified below. The Employer hereby
selects the following Plan specifications:

CAUTION: The failure to properly fill out this Adoption Agreement may result in
         disqualification of the Plan.

EMPLOYER INFORMATION

B1       Name of Employer      LendingTree, Inc.
                               -------------------------------------------------

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

B2       Address      6701 Carmel Road, Suite 205
                      ----------------------------------------------------------

                      Charlotte                     ,  NC         28226
                      ------------------------------   --------   --------------
                                 City                    State      Zip

         Telephone    (704) 944-2110
                      --------------------------

B3       Employer Identification Number  25-1795344
                                         -------------------------

B4       Date Business Commenced  January 7, 1996
                                  --------------------------------

B5       TYPE OF ENTITY

         a.   ( ) S Corporation
         b.   ( ) Professional Service Corporation
         c.   (X) Corporation
         d.   ( ) Sole Proprietorship
         e.   ( ) Partnership
         f.   ( ) Other
                       ---------

         AND, is the Employer a member of...
              g.    a controlled group?   ( ) Yes    (X) No
              h.    an affiliated service group?   ( ) Yes    (X) No

                                        1

<PAGE>   2

B6       NAME(S) OF TRUSTEE(S)

         a.   Keith Hall
              ------------------------------------------------------------------

         b.   Matthew Packey
              ------------------------------------------------------------------

         c.   Virginia Rebata
              ------------------------------------------------------------------

         d.
              ------------------------------------------------------------------

         e.
              ------------------------------------------------------------------

B7       TRUSTEES' ADDRESS

         a.   (X)   Use Employer Address

         b.   ( )

B8       LOCATION OF EMPLOYER'S PRINCIPAL OFFICE:

         a.   (X)   State   b.  (   ) Commonwealth of c.   North Carolina   and
                                                        --------------------
                    this Plan and Trust shall be governed under the same.

B9       EMPLOYER FISCAL YEAR means the 12 consecutive month period:

         Commencing on a.  January 1                     (e.g., January 1st) and
                          -------------------------------
                                month          day

         ending on b.  December 31                        .
                      ------------------------------------
                                month            day

                                        2

<PAGE>   3

PLAN INFORMATION

C1       EFFECTIVE DATE

         This Adoption Agreement of the USI Consulting Group Non-Standardized
         401(k) Profit Sharing Plan and Trust shall:

         a.   (X)   establish a new Plan and Trust effective as of  May 1, 2000
                                                                  --------------
                    (hereinafter called the "Effective Date").

         b.   ( )   constitute an amendment and restatement in its entirety of a
                    previously established qualified Plan and Trust of the
                    Employer which was effective ____ (hereinafter called the
                    "Effective Date"). Except as specifically provided in the
                    Plan, the effective date of this amendment and restatement
                    is ____ (For TRA '86 amendments, enter the first day of the
                    first Plan Year beginning in 1989).

C2       PLAN YEAR means the 12 consecutive month period:

         Commencing on a.  January 1         (e.g., January 1st) and
                          ------------------

         ending on b.  December 31  .
                      --------------

         IS THERE A SHORT PLAN YEAR?

         c.   ( )   No
         d.   (X)   Yes, beginning  May 1
                                   ---------

                    and ending  December 31.
                               -----------------------------

C3       ANNIVERSARY DATE of Plan (Annual Valuation Date)

         a.  December 31
            ---------------------------------
                    month        day

C4       PLAN NUMBER assigned by the Employer (select one)

         a. (X) 001   b. ( ) 002   c. ( ) 003   d. ( ) Other
                                                            --------

C5       NAME OF PLAN ADMINISTRATOR (Document provides for the Employer to
         appoint an Administrator. If none is named, the Employer will become
         the Administrator.)

         a.   (X)   Employer  (Use Employer Address)

         b.   ( )   Name
                         -------------------------------------------------------

                    Address      ( ) Use Employer Address

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

                                                      ,
                                 ---------------------   ---------   -----------
                                         City               State         Zip

                    Telephone
                             ------------------------------

                    Administrator's I.D. Number
                                               --------------------------------

                                        3

<PAGE>   4

C6       PLAN'S AGENT FOR SERVICE OF LEGAL PROCESS

         a.   (X)   Employer (Use Employer Address)

         b.   ( )   Name
                        --------------------------------------------------------

                    Address
                           -----------------------------------------------------

                                        4

<PAGE>   5

ELIGIBILITY, VESTING AND RETIREMENT AGE

D1       ELIGIBLE EMPLOYEES (Plan Section 1.15) shall mean:

         a.   (X) all Employees who have satisfied the eligibility requirements.
         b.   ( ) all Employees who have satisfied the eligibility requirements
                  except those checked below:

              1.    ( )  Employees paid by commissions only.
              2.    ( )  Employees hourly paid.
              3.    ( )  Employees paid by salary.
              4.    ( )  Employees whose employment is governed by a
                         collective bargaining agreement between the Employer
                         and "employee representatives" under which retirement
                         benefits were the subject of good faith bargaining.
                         For this purpose, the term "employee representatives"
                         does not include any organization more than half of
                         whose members are employees who are owners, officers,
                         or executives of the Employer.
              5.    ( )  Highly Compensated Employees.
              6.    ( )  Employees who are non-resident aliens who received no
                         earned income (within the meaning of Code Section
                         911(d)(2)) from the Employer which constitutes income
                         from sources within the United States (within the
                         meaning of Code Section 861(a)(3)).
              7.    ( )  Other______

         NOTE:    For purposes of this section, the term Employee shall include
                  all Employees of this Employer and any leased employees deemed
                  to be Employees under Code Section 414(n) or 414(o).

D2       EMPLOYEES OF AFFILIATED EMPLOYERS (Plan Section 1.16)

         Employees of Affiliated Employers:

         a.   (X)   will not or N/A
         b.   ( )   will

         be treated as Employees of the Employer adopting the Plan.

         NOTE:    If D2b is elected, each Affiliated Employer should execute
                  this Adoption Agreement as a Participating Employer.

                                        5

<PAGE>   6

D3       HOURS OF SERVICE (Plan Section 1.31) will be determined on the basis of
         the method selected below. Only one method may be selected. The method
         selected will be applied to all Employees covered under the Plan.

         a.   (X) On the basis of actual hours for which an Employee is paid or
                  entitled to payment.
         b.   ( ) On the basis of days worked. An Employee will be credited with
                  ten (10) Hours of Service if under the Plan such Employee
                  would be credited with at least one (1) Hour of Service during
                  the day.
         c.   ( ) On the basis of weeks worked. An Employee will be credited
                  forty-five (45) Hours of Service if under the Plan such
                  Employee would be credited with at least one (1) Hour of
                  Service during the week.
         d.   ( ) On the basis of semi-monthly payroll periods. An Employee will
                  be credited ninety-five (95) Hours of Service if under the
                  Plan such Employee would be credited with at least one (1)
                  Hour of Service during the semi-monthly payroll period.
         e.   ( ) On the basis of months worked. An Employee will be credited
                  one hundred ninety (190) Hours of Service if under the Plan
                  such Employee would be credited with at least one (1) Hour of
                  Service during the month.

D4       CONDITIONS OF ELIGIBILITY (Plan Section 3.1)
         (Check either a OR b and c, and if applicable, d)

         Any Eligible Employee will be eligible to participate in the Plan if
         such Eligible Employee has satisfied the service and age requirements,
         if any, specified below:

         a.   ( )   NO AGE OR SERVICE REQUIRED.

         b.   (X)   SERVICE REQUIREMENT. (may not exceed 1 year)

              1.    ( )  None
              2.    ( )  1/2 Year of Service
              3.    ( )  1 Year of Service
              4.    (X)  Other   30 days
                              ------------

         NOTE:    If the Year(s) of Service selected is or includes a fractional
                  year, an Employee will not be required to complete any
                  specified number of Hours of Service to receive credit for
                  such fractional year. If expressed in Months of Service, an
                  Employee will not be required to complete any specified number
                  of Hours of Service in a particular month.

         c.   (X)   AGE REQUIREMENT (may not exceed 21)

              1.    ( )  N/A - No Age Requirement.
              2.    ( )  20 1/2
              3.    (X)  21
              4.    ( )  Other________

         d.   ( )   FOR NEW PLANS ONLY - Regardless of any of the above age or
                    service requirements, any Eligible Employee who was employed
                    on the Effective Date of the Plan shall be eligible to
                    participate hereunder and shall enter the Plan as of such
                    date.

                                        6

<PAGE>   7

D5       EFFECTIVE DATE OF PARTICIPATION (Plan Section 3.2) An Eligible Employee
         shall become a Participant as of:

         a.   ( ) the first day of the Plan Year in which he met the
                  requirements.
         b.   ( ) the first day of the Plan Year in which he met the
                  requirements, if he met the requirements in the first 6 months
                  of the Plan Year, or as of the first day of the next
                  succeeding Plan Year if he met the requirements in the last 6
                  months of the Plan Year.
         c.   ( ) the earlier of the first day of the seventh month or the first
                  day of the Plan Year coinciding with or next following the
                  date on which he met the requirements.
         d.   ( ) the first day of the Plan Year next following the date on
                  which he met the requirements. (Eligibility must be 1/2 Year
                  of Service or less or 1 1/2 Years of Service or less if 100%
                  immediate vesting is selected and age 20 1/2 or less.)
         e.   (X) the first day of the month coinciding with or next following
                  the date on which he met the requirements.
         f.   ( ) Other:______________, provided that an Employee who has
                  satisfied the maximum age and service requirements that are
                  permissible in Section D4 above and who is otherwise entitled
                  to participate, shall commence participation no later than the
                  earlier of (a) 6 months after such requirements are satisfied,
                  or (b) the first day of the first Plan Year after such
                  requirements are satisfied, unless the Employee separates from
                  service before such participation date.

                                        7

<PAGE>   8

D6       VESTING OF PARTICIPANT'S INTEREST (Plan Section 6.4(b))

         The vesting schedule, based on number of Years of Service, shall be as
follows:

         a.   ( ) 100% upon entering Plan. (Required if eligibility requirement
                  is greater than one (1) Year of Service.)

         b.   ( ) 0-2 years         0%          c.   ( ) 0-4 years       0%
                    3 years       100%                     5 years     100%

         d.   ( ) 0-1 year          0%          e.   ( )   1 year       25%
                    2 years        20%                     2 years      50%
                    3 years        40%                     3 years      75%
                    4 years        60%                     4 years     100%
                    5 years        80%
                    6 years       100%

         f.   ( )   1 year         20%          g.   ( ) 0-2 years       0%
                    2 years        40%                     3 years      20%
                    3 years        60%                     4 years      40%
                    4 years        80%                     5 years      60%
                    5 years       100%                     6 years      80%
                                                           7 years     100%

         h.   (X) Other - Must be at least as liberal as either c. or g. above.

                     Years of Service                   Percentage

                              1                            50%
                   -------------------------          ---------------
                              2                            100%
                   -------------------------          ---------------

D7       FOR AMENDED PLANS (Plan Section 6.4(f)) If the vesting schedule has
         been amended to a less favorable schedule, enter the pre-amended
         schedule below:

         a.   ( ) Vesting schedule has not been amended or amended schedule is
                  more favorable in all years.

         b.   ( ) Years of Service           Percentage

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

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

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

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

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

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

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

                                        8

<PAGE>   9

D8       TOP HEAVY VESTING (Plan Section 6.4(c)) If this Plan becomes a Top
         Heavy Plan, the following vesting schedule, based on number of Years of
         Service, for such Plan Year and each succeeding Plan Year, whether or
         not the Plan is a Top Heavy Plan, shall apply and shall be treated as a
         Plan amendment pursuant to this Plan. Once effective, this schedule
         shall also apply to any contributions made prior to the effective date
         of Code Section 416 and/or before the Plan became a Top Heavy Plan.

         a.   (X) N/A (D6a, b, d, e or f was selected)

         b.   ( ) 0-1 year         0%              c.  ( ) 0-2 years    0%
                    2 years       20%                        3 years  100%
                    3 years       40%
                    4 years       60%
                    5 years       80%
                    6 years      100%

         NOTE:    This section does not apply to the Account balances of any
                  Participant who does not have an Hour of Service after the
                  Plan has initially become top heavy. Such Participant's
                  Account balance attributable to Employer contributions and
                  Forfeitures will be determined without regard to this section.

D9       VESTING (Plan Section 6.4(h)) In determining Years of Service for
         vesting purposes, Years of Service attributable to the following shall
         be EXCLUDED:

         a.   (X) Service prior to the Effective Date of         b. ( ) N/A.
                  the Plan or a predecessor plan.
         c.   ( ) Service prior to the time an Employee          d. (X) N/A.
                  attained age 18.

D10     PLAN SHALL RECOGNIZE SERVICE WITH PREDECESSOR EMPLOYER

        a.   (X) No.
        b.   ( ) Yes: Years of Service with _____ shall be recognized for the
                 purpose of this Plan.

         NOTE:    If the predecessor Employer maintained this qualified Plan,
                  then Years of Service with such predecessor Employer shall be
                  recognized pursuant to Section 1.74 and b. must be marked.

D11     NORMAL RETIREMENT AGE ("NRA") (Plan Section 1.42) means:

        a.   (X) the date a Participant attains his   65th   birthday.
                 (not to exceed 65th)               --------
        b.   ( ) the later of the date a Participant attains his _______
                 birthday (not to exceed 65th) or the c. (not to exceed 5th)
                 anniversary of the first day of the Plan Year in which
                 participation in the Plan commenced.

D12     NORMAL RETIREMENT DATE (Plan Section 1.43) shall commence:

        a.   ( ) as of the Participant's "NRA."

              OR (must select b. or c. AND 1. or 2.)

        b.   (X) as of the first day of the month...
        c.   ( ) as of the Anniversary Date...

             1.  (X)  coinciding with or next following the Participant's "NRA."
             2.  ( )  nearest the Participant's "NRA."

                                        9

<PAGE>   10

D13     EARLY RETIREMENT DATE (Plan Section 1.12) means the:

        a.   (X) No Early Retirement provision provided.
        b.   ( ) date on which a Participant...
        c.   ( ) first day of the month coinciding with or next following the
                 date on which a Participant...
        d.   ( ) Anniversary Date coinciding with or next following the date on
                 which a Participant...

         AND, if b., c. or d. was selected...

              1.    ( )  attains his _____ birthday and has
              2.    ( )  completed at least _____ Years of Service.

                                       10

<PAGE>   11

CONTRIBUTIONS, ALLOCATIONS AND DISTRIBUTIONS

E1       a.   COMPENSATION (Plan Section 1.9) with respect to any Participant
              means:

              1.    ( )  Wages, tips and other Compensation on Form W-2.
              2.    (X)  Section 3401(a) wages (wages for withholding purposes).
              3.    ( )  415 safe-harbor compensation.

              AND COMPENSATION

              1.    ( )  shall
              2.    (X)  shall not

              exclude (even if includible in gross income) reimbursements or
              other expense allowances, fringe benefits (cash or noncash),
              moving expenses, deferred compensation, and welfare benefits.

         b.   COMPENSATION shall be

              1.    (X)  actually paid (must be selected if Plan is integrated)
              2.    ( )  accrued

         c.   HOWEVER, FOR NON-INTEGRATED PLANS, Compensation shall exclude
              (select all that apply):

              1.    ( )  N/A. No exclusions
              2.    ( )  overtime
              3.    (X)  bonuses
              4.    ( )  commissions
              5.    ( )  other______

         d.   FOR PURPOSES OF THIS SECTION E1, Compensation shall be based on:

              1.    (X)  the Plan Year.
              2.    ( )  the Fiscal Year coinciding with or ending within the
                         Plan Year.
              3.    ( )  the Calendar Year coinciding with or ending within the
                         Plan Year.

         NOTE:    The Limitation Year shall be the same as the year on which
                  Compensation is based.

         e.   HOWEVER, for an Employee's first year of participation,
              Compensation shall be recognized as of:

              1.    (X)  the first day of the Plan Year.
              2.    ( )  the date the Participant entered the Plan.

         f.   IN ADDITION, COMPENSATION and "414(s) Compensation"
              1. (X) shall  2. ( ) shall not include compensation which is not
              currently includible in the Participant's gross income by reason
              of the application of Code Sections 125, 402(a)(8), 402(h)(1)(B)
              or 403(b).

                                       11

<PAGE>   12

E2       SALARY REDUCTION ARRANGEMENT - ELECTIVE CONTRIBUTION
         (Plan Section 11.2) Each Employee may elect to have his Compensation
reduced by:

         a.   ( ) ______%
         b.   ( ) up to ______%
         c.   ( ) from _____% to _____%
         d.   (X) up to the maximum percentage allowable not to exceed the
                  limits of Code Sections 401(k), 404 and 415.

         AND...

         e.   (X) A Participant may elect to commence salary reductions as of
                  the first day of any month following satisfaction of the
                  Plan's eligibility requirements (ENTER AT LEAST ONE DATE OR
                  PERIOD). A Participant may modify the amount of salary
                  reductions as of the first day of each calendar quarter (ENTER
                  AT LEAST ONE DATE OR PERIOD).

         AND...

              Shall cash bonuses paid within 2 1/2 months after the end of the
              Plan Year be subject to the salary reduction election?

         f.   ( ) Yes
         g.   (X) No

E3       FORMULA FOR DETERMINING EMPLOYER'S MATCHING CONTRIBUTION
         (Plan Section 11.1(b))

         a.   ( ) N/A. There shall be no matching contributions.
         b.   ( ) The Employer shall make matching contributions equal to
                  ______% (e.g. 50%) of the Participant's salary reductions.
         c.   (X) The Employer may make matching contributions equal to a
                  discretionary percentage, to be determined by the Employer, of
                  the Participant's salary reductions.
         d.   ( ) The Employer shall make matching contributions equal to the
                  sum of _____% of the portion of the Participant's salary
                  reduction which does not exceed _____% of the Participant's
                  Compensation plus _____% of the portion of the Participant's
                  salary reduction which exceeds _____% of the Participant's
                  Compensation, but does not exceed _____% of the Participant's
                  Compensation.
         e.   ( ) The Employer shall make matching contributions equal to the
                  percentage determined under the following schedule:

                    Participant's Total                  Matching Percentage
                     Years of Service

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

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

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

                                       12

<PAGE>   13

         FOR PLANS WITH MATCHING CONTRIBUTIONS

         f.   (X) Matching contributions g. ( ) shall h. (X) shall not be used
                  in satisfying the deferral percentage tests. (If used, full
                  vesting and restrictions on withdrawals will apply and the
                  match will be deemed to be an Elective Contribution).
         i.   (X) Shall a Year of Service be required in order to share in the
                  matching contribution?

              With respect to Plan Years beginning after 1989...
                    1. ( )  Yes (Could cause Plan to violate minimum
                            participation and coverage requirements under Code
                            Sections 401(a)(26) and 410)
                    2. (X)  No

              With respect to Plan Years beginning before 1990...
                    1. (X)  N/A, new Plan, or same as years beginning after 1989
                    2. ( )  Yes
                    3. ( )  No

         j.   (X) In determining matching contributions, only salary
                  reductions up to   4  % of a Participant's
                                   -----
                  Compensation will be matched.        k. ( )  N/A
         l.   ( ) The matching contribution made on behalf of a Participant for
                  any Plan Year shall not exceed $______.      m. (X)  N/A
         n.   (X) Matching contributions shall be made on behalf of
                  1.   (X)  all Participants.
                  2.   ( )  only Non-Highly Compensated Employees.

         o.   ( ) Notwithstanding anything in the Plan to the contrary, all
                  matching contributions which relate to distributions of Excess
                  Deferred Compensation, Excess Contributions, and Excess
                  Aggregate Contributions shall be Forfeited. (Select this
                  option only if it is applicable.)

                                       13

<PAGE>   14

E4       WILL A DISCRETIONARY EMPLOYER CONTRIBUTION BE PROVIDED (OTHER THAN A
         DISCRETIONARY MATCHING OR QUALIFIED NON-ELECTIVE CONTRIBUTION) (Plan
         Section 11.1(c))?

         a.   ( ) No.
         b.   ( ) Yes, the Employer may make a discretionary contribution out of
                  its current or accumulated Net Profit.
         c.   (X) Yes, the Employer may make a discretionary contribution which
                  is not limited to its current or accumulated Net Profit.

         IF YES (b. or c. is selected above), the Employer's discretionary
         contribution shall be allocated as follows:

         d.   (X) FOR A NON-INTEGRATED PLAN

         The Employer discretionary contribution for the Plan Year shall be
         allocated in the same ratio as each Participant's Compensation bears to
         the total of such Compensation of all Participants.

         e.   ( ) FOR AN INTEGRATED PLAN

         The Employer discretionary contribution for the Plan Year shall be
         allocated in accordance with Plan Section 4.3(b)(2) based on a
         Participant's Compensation in excess of:

              f.    ( )  The Taxable Wage Base.
              g.    ( )  The greater of $10,000 or 20% of the Taxable Wage Base.
              h.    ( )  _____% of the Taxable Wage Base. (See Note below)
              i.    ( )  $______. (see Note below)

         NOTE:    The integration percentage of 5.7% shall be reduced to:

                  1.       4.3% if h. or i. above is more than 20% and less than
                           or equal to 80% of the Taxable Wage Base.
                  2.       5.4% if h. or i. above is less than 100% and more
                           than 80% of the Taxable Wage Base.

E5       QUALIFIED NON-ELECTIVE CONTRIBUTIONS (Plan Section 11.1(d))

         a.   (X) N/A. There shall be no Qualified Non-Elective Contributions
                  except as provided in Sections 11.5(b) and 11.7(h).
         b.   ( ) The Employer shall make a Qualified Non-Elective Contribution
                  equal to ______% of the total Compensation of all Participants
                  eligible to share in the allocations.
         c.   ( ) The Employer may make a Qualified Non-Elective Contribution in
                  an amount to be determined by the Employer.

                                       14

<PAGE>   15

E6       FORFEITURES (Plan Section 4.3(e))

         a.   Forfeitures of contributions other than matching contributions
              shall be...

              1.   (X)  added to the Employer's contribution under the Plan.
              2.   ( )  allocated to all Participants eligible to share in
                        the allocations in the same proportion that each
                        Participant's Compensation for the year bears to the
                        Compensation of all Participants for such year.

         b.   Forfeitures of matching contributions shall be...

              1.   ( )  N/A. No matching contributions or match is fully vested.
              2.   (X)  used to reduce the Employer's matching contribution.
              3.   ( )  allocated to all Participants eligible to share in the
                        allocations in proportion to each such Participant's
                        Compensation for the year.
              4.   ( )  allocated to all Non-Highly Compensated Employee's
                        eligible to share in the allocations in proportion to
                        each such Participant's Compensation for the year.

E7       ALLOCATIONS TO ACTIVE PARTICIPANTS (Plan Section 4.3) With respect to
         Plan Years beginning after 1989, a Participant...

         a.   ( ) shall (Plan may become discriminatory)
         b.   (X) shall not

         be required to complete a Year of Service in order to share in any
         Non-Elective Contributions (other than matching contributions) or
         Qualified Non-Elective Contributions. For Plan Years beginning before
         1990, the Plan provides that a Participant must complete a Year of
         Service to share in the allocations.

E8       ALLOCATIONS TO TERMINATED PARTICIPANTS (Plan Section 4.3(k))
         Any Participant who terminated employment during the Plan Year (i.e.
         not actively employed on the last day of the Plan Year) for reasons
         other than death, Total and Permanent Disability or retirement:

         a.   With respect to Employer Non-Elective Contributions (other
              than matching), Qualified Non-Elective Contributions, and
              Forfeitures:

              1.    For Plan Years beginning after 1989,

                    i.   ( )  N/A, Plan does not provide for such contributions.
                    ii.  (X)  shall share in the allocations provided such
                              Participant completed more than 500 Hours of
                              Service.
                    iii. ( )  shall share in such allocations provided such
                              Participant completed a Year of Service.
                    iv.  ( )  shall not share in such allocations, regardless of
                              Hours of Service.

              2.    For Plan Years beginning before 1990,

                    i.   (X)  N/A, new Plan, or same as for Plan Years beginning
                              after 1989.
                    ii.  ( )  shall share in such allocations provided such
                              Participant completed a Year of Service.
                    iii. ( )  shall not share in such allocations, regardless of
                              Hours of Service.

         NOTE:    If a.1.iii or iv is selected, the Plan could violate minimum
                  participation and coverage requirements under Code Sections
                  401(a)(26) and 410.

                                       15

<PAGE>   16

         b.   With respect to the allocation of Employer Matching Contributions,
              a Participant:

              1.    For Plan Years beginning after 1989,

                    i.      ( )  N/A, Plan does not provide for matching
                                 contributions.
                    ii.     (X)  shall share in the allocations, regardless of
                                 Hours of Service.
                    iii.    ( )  shall share in the allocations provided such
                                 Participant completed more than 500 Hours of
                                 Service.
                    iv.     ( )  shall share in such allocations provided such
                                 Participant completed a Year of Service.
                    v.      ( )  shall not share in such allocations, regardless
                                 of Hours of Service.

              2.    For Plan Years beginning before 1990,

                    i.      (X)  N/A, new Plan, or same as years beginning after
                                 1989.
                    ii.     ( )  shall share in the allocations, regardless of
                                 Hours of Service.
                    iii.    ( )  shall share in such allocations provided such
                                 Participant completed a Year of Service.
                    iv.     ( )  shall not share in such allocations, regardless
                                 of Hours of Service.

         NOTE:    If b.1.iv or v is selected, the Plan could violate minimum
                  participation and coverage requirements under Code Section
                  401(a)(26) and 410.

E9       ALLOCATIONS OF EARNINGS (Plan Section 4.3(c))

         Allocations of earnings with respect to amounts contributed to the Plan
         after the previous Anniversary Date or other valuation date shall be
         determined...

         a.   ( ) by using a weighted average.
         b.   ( ) by treating one-half of all such contributions as being a part
                  of the Participant's nonsegregated account balance as of the
                  previous Anniversary Date or valuation date.
         c.   ( ) by using the method specified in Section 4.3(c).
         d.   (X) other on each Valuation Date investment gains and losses
                  shall be allocated to each Participant's account in
                  accordance with his investment elections.

                                       16

<PAGE>   17

E10      LIMITATIONS ON ALLOCATIONS (Plan Section 4.4)

         a.   If any Participant is or was covered under another qualified
              defined contribution plan maintained by the Employer, or if the
              Employer maintains a welfare benefit fund, as defined in Code
              Section 419(e), or an individual medical account, as defined in
              Code Section 415(l)(2), under which amounts are treated as Annual
              Additions with respect to any Participant in this Plan:

              1.    (X) N/A.
              2.    ( ) The provisions of Section 4.4(b) of the Plan will apply.
              3.    ( ) Provide the method under which the Plans will limit
                        total Annual Additions to the Maximum Permissible
                        Amount, and will properly reduce any Excess Amounts,
                        in a manner that precludes Employer discretion.

         b.   If any Participant is or ever has been a Participant in a defined
              benefit plan maintained by the Employer:

              1.    (X) N/A.
              2.    ( ) In any Limitation Year, the Annual Additions credited
                        to the Participant under this Plan may not cause the
                        sum of the Defined Benefit Plan Fraction and the
                        Defined Contribution Fraction to exceed 1.0. If the
                        Employer's contribution that would otherwise be made
                        on the Participant's behalf during the limitation
                        year would cause the 1.0 limitation to be exceeded,
                        the rate of contribution under this Plan will be
                        reduced so that the sum of the fractions equals 1.0.
                        If the 1.0 limitation is exceeded because of an
                        Excess Amount, such Excess Amount will be reduced in
                        accordance with Section 4.4(a)(4) of the Plan.

              3.    ( ) Provide the method under which the Plans involved will
                        satisfy the 1.0 limitation in a manner that precludes
                        Employer discretion.

E11      DISTRIBUTIONS UPON DEATH (Plan Section 6.6(h))
         Distributions upon the death of a Participant prior to receiving any
         benefits shall...

         a.   ( ) be made pursuant to the election of the Participant or
                  beneficiary.
         b.   ( ) begin within 1 year of death for a designated beneficiary and
                  be payable over the life (or over a period not exceeding the
                  life expectancy) of such beneficiary, except that if the
                  beneficiary is the Participant's spouse, begin within the time
                  the Participant would have attained age 70 1/2.
         c.   (X) be made within 5 years of death for all beneficiaries.
         d.   ( ) other______

E12      LIFE EXPECTANCIES (Plan Section 6.5(f)) for minimum distributions
         required pursuant to Code Section 401(a)(9) shall...

         a.   ( ) be recalculated at the Participant's election.
         b.   ( ) be recalculated.
         c.   (X) not be recalculated.

                                       17

<PAGE>   18

E13      CONDITIONS FOR DISTRIBUTIONS UPON TERMINATION
         Distributions upon termination of employment pursuant to Section 6.4(a)
         of the Plan shall not be made unless the following conditions have been
         satisfied:

         a.   (X) N/A. Immediate distributions may be made at Participant's
                  election.
         b.   ( ) The Participant has incurred _____ 1-Year Break(s) in Service.
         c.   ( ) The Participant has reached his or her Early or Normal
                  Retirement Age.
         d.   ( ) Distributions may be made at the Participant's election on or
                  after the Anniversary Date following termination of
                  employment.
         e.   ( ) Other______

E14      FORM OF DISTRIBUTIONS (Plan Sections 6.5 and 6.6)
         Distributions under the Plan may be made...

         a.   1. (X) in lump sums.
              2. ( ) in lump sums or installments.

         b.   AND, pursuant to Plan Section 6.13,

              1. (X) no annuities are allowed (avoids Joint and Survivor rules).
              2. ( ) annuities are allowed (Plan Section 6.13 shall not apply).

         NOTE:    b.1. above may not be elected if this is an amendment to a
                  plan which permitted annuities as a form of distribution or if
                  this Plan has accepted a plan to plan transfer of assets from
                  a plan which permitted annuities as a form of distribution.

         c.   AND, may be made in...

              1.    (X) cash only (except for insurance or annuity contracts).
              2.    ( ) cash or property.

                                       18

<PAGE>   19

TOP HEAVY REQUIREMENTS

F1       TOP HEAVY DUPLICATIONS (Plan Section 4.3(i)): When a Non-Key Employee
         is a Participant in this Plan and a Defined Benefit Plan maintained by
         the Employer, indicate which method shall be utilized to avoid
         duplication of top heavy minimum benefits.

         a.  (X) The Employer does not maintain a Defined Benefit Plan.
         b.  ( ) A minimum, non-integrated contribution of 5% of each
                 Non-Key Employee's total Compensation shall be provided in
                 this Plan, as specified in Section 4.3(i). (The Defined
                 Benefit and Defined Contribution Fractions will be computed
                 using 100% if this choice is selected.)
         c.  ( ) A minimum, non-integrated contribution of 7 1/2% of each
                 Non-Key Employee's total Compensation shall be provided in
                 this Plan, as specified in Section 4.3(i). (If this choice is
                 selected, the Defined Benefit and Defined Contribution
                 Fractions will be computed using 125% for all Plan Years in
                 which the Plan is Top Heavy, but not Super Top Heavy.)
         d.  ( ) Specify the method under which the Plans will provide top
                 heavy minimum benefits for Non-Key Employees that will
                 preclude Employer discretion and avoid inadvertent omissions,
                 including any adjustments required under Code Section 415(e).

F2       PRESENT VALUE OF ACCRUED BENEFIT (Plan Section 2.2) for Top Heavy
         purposes where the Employer maintains a Defined Benefit Plan in
         addition to this Plan, shall be based on...

         a.  (X) N/A. The Employer does not maintain a defined benefit
                 plan.

         b.  ( ) Interest Rate:______

                 Mortality Table:________

F3       TOP HEAVY DUPLICATIONS: Employer maintaining two (2) or more Defined
         Contribution Plans.

         a.  (X) N/A.
         b.  ( ) A minimum, non-integrated contribution of 3% of each
                 Non-Key Employee's total Compensation shall be provided in the
                 Money Purchase Plan (or other plan subject to Code Section
                 412), where the Employer maintains two (2) or more non-paired
                 Defined Contribution Plans.
         c.  ( ) Specify the method under which the Plans will provide top
                 heavy minimum benefits for Non-Key Employees that will
                 preclude Employer discretion and avoid inadvertent omissions,
                 including any adjustments required under Code Section 415(e).

                                       19

<PAGE>   20

MISCELLANEOUS

G1       LOANS TO PARTICIPANTS (Plan Section 7.4)

         a.  ( ) Yes, loans may be made up to $50,000 or 1/2 Vested
                 interest.
         b.  (X) No, loans may not be made.

         If YES, (check all that apply)...

         c.  ( ) loans shall be treated as a Directed Investment.
         d.  ( ) loans shall only be made for hardship or financial
                 necessity.
         e.  ( ) the minimum loan shall be $1,000.
         f.  ( ) $10,000 de minimis loans may be made regardless of Vested
                 interest. (If selected, Plan may need security in addition to
                 Vested interest.)

         NOTE:    Department of Labor Regulations require the adoption of a
                  SEPARATE written loan program setting forth the requirements
                  outlined in Plan Section 7.4.

G2       DIRECTED INVESTMENT ACCOUNTS (Plan Section 4.8) are permitted for the
         interest in any one or more accounts.

         a.  (X) Yes, regardless of the Participant's Vested interest in
                 the Plan.
         b.  ( ) Yes, but only with respect to the Participant's Vested
                 interest in the Plan.
         c.  ( ) Yes, but only with respect to those accounts which are
                 100% Vested.
         d.  ( ) No directed investments are permitted.

G3       TRANSFERS FROM QUALIFIED PLANS (Plan Section 4.6)

         a.  (X) Yes, transfers from qualified plans (and rollovers) will
                 be allowed.
         b.  ( ) No, transfers from qualified plans (and rollovers) will
                 not be allowed.

         AND, transfers shall be permitted...

         c.  (X) from any Employee, even if not a Participant.
         d.  ( ) from Participants only.

G4       EMPLOYEES' VOLUNTARY CONTRIBUTIONS (Plan Section 4.7)

         a.  ( ) Yes, Voluntary Contributions are allowed subject to the
                 limits of Section 4.9.
         b.  (X) No, Voluntary Contributions will not be allowed.

         NOTE:    TRA '86 subjects voluntary contributions to strict
                  discrimination rules.

G5       HARDSHIP DISTRIBUTIONS (Plan Sections 6.11 and 11.8)

         a.  ( ) Yes, from any accounts which are 100% Vested.
         b.  (X) Yes, from Participant's Elective Account only.
         c.  ( ) Yes, but limited to the Participant's Account only.
         d.  ( ) No.

         NOTE:    Distributions from a Participant's Elective Account are
                  limited to the portion of such account attributable to such
                  Participant's Deferred Compensation and earnings attributable
                  thereto up to December 31, 1988. Also hardship distributions
                  are not permitted from a Participant's Qualified Non-Elective
                  Account.

                                       20

<PAGE>   21

G6       PRE-RETIREMENT DISTRIBUTION (Plan Section 6.10)

         a.  (X) If a Participant has reached the age of 59 1/2 ,
                 distributions may be made, at the Participant's election, from
                 any accounts which are 100% Vested without requiring the
                 Participant to terminate employment.
         b.  ( ) No pre-retirement distribution may be made.

         NOTE:    Distributions from a Participant's Elective Account and
                  Qualified Non-Elective Account are not permitted prior to age
                  59 1/2.

G7       LIFE INSURANCE (Plan Section 7.2(d)) may be purchased with Plan
         contributions.

         a.  (X) No life insurance may be purchased.
         b.  ( ) Yes, at the option of the Administrator.
         c.  ( ) Yes, at the option of the Participant.

         AND, the purchase of initial or additional life insurance shall be
         subject to the following limitations: (select all that apply)

         d.  (X) N/A, no limitations.
         e.  ( ) each initial Contract shall have a minimum face amount of
                 $____.
         f.  ( ) each additional Contract shall have a minimum face amount
                 of $____.
         g.  ( ) the Participant has completed ____ Years of Service.
         h.  ( ) the Participant has completed ____ Years of Service while
                 a Participant in the Plan.
         i.  ( ) the Participant is under age ____ on the Contract issue
                 date.
         j.  ( ) the maximum amount of all Contracts on behalf of a
                 Participant shall not exceed $____.
         k.  ( ) the maximum face amount of life insurance shall be $____.

                                       21

<PAGE>   22

The adopting Employer may not rely on an opinion letter issued by the National
Office of the Internal Revenue Service as evidence that the plan is qualified
under Code Section 401. In order to obtain reliance with respect to plan
qualification, the Employer must apply to the appropriate Key District Office
for a determination letter.

This Adoption Agreement may be used only in conjunction with basic Plan document
01. This Adoption Agreement and the basic Plan document shall together be known
as USI Consulting Group Non-Standardized 401(k) Profit Sharing Plan and Trust
01-001.

The adoption of this Plan, its qualification by the IRS, and the related tax
consequences are the responsibility of the Employer and its independent tax and
legal advisors.

USI Consulting Group will notify the Employer of any amendments made to the Plan
or of the discontinuance or abandonment of the Plan provided this Plan has been
acknowledged by USI Consulting Group or its authorized representative.
Furthermore, in order to be eligible to receive such notification, we agree to
notify USI Consulting Group of any change in address.

                                       22

<PAGE>   23

IN WITNESS WHEREOF, the Employer and Trustee hereby cause this Plan to be
executed on ___________________. Furthermore, this Plan may not be used unless
acknowledged by USI Consulting Group or its authorized representative.

EMPLOYER:

LendingTree, Inc.

By:
    -------------------------------------------

-----------------------------------------------
                  TRUSTEE

-----------------------------------------------
                  TRUSTEE

-----------------------------------------------
                  TRUSTEE

This Plan may not be used, and shall not be deemed to be a Regional Prototype
Plan, unless an authorized representative of USI Consulting Group has
acknowledged the use of the Plan. Such acknowledgment is for administerial
purposes only. It acknowledges that the Employer is using the Plan but does not
represent that this Plan, including the choices selected on the Adoption
Agreement, has been reviewed by a representative of the sponsor or constitutes a
qualified retirement plan.

USI Consulting Group

By:
    -------------------------------------------

                                       23

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