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                                                                    EXHIBIT 10.2

                                  FINDWHAT.COM

                              AMENDED AND RESTATED
                              EMPLOYMENT AGREEMENT

     THIS EXECUTIVE EMPLOYMENT AGREEMENT is made this 20th day of September
2002, (this "Agreement") between FindWhat.com ("FindWhat.com" or the "Company"),
a Nevada corporation, and Phillip R. Thune ("Executive").

                                    RECITALS

     A. Executive is currently employed by FindWhat.com as its Chief Financial
Officer and Chief Operating Officer on the terms and conditions stated in an
Employment Agreement between FindWhat.com and Executive, dated April 24, 2000
(the "Original Employment Agreement").

     B. The Company wishes to continue to employ Executive on the terms and
conditions set forth in this Amended and Restated Employment Agreement.

                             STATEMENT OF AGREEMENT

     In consideration of the foregoing, and of Executive's employment, the
parties agree as follows:

     1. Employment. The Original Employment Agreement is hereby terminated and
Executive's employment with FindWhat.com shall be upon the terms and conditions
hereinafter set forth to become effective upon execution of this Agreement (the
"Effective Time").

     2. Duties.

          (a) Executive shall be employed: (i) as the Chief Financial Officer
and Chief Operating Officer of the Company, subject to the authority and
discretion of the Board of Directors, and (ii) to perform such other or
additional duties and responsibilities consistent with Executive's title(s),
status, and position as the Board of Directors of FindWhat.com may, from time to
time, prescribe.

          (b) So long as employed under this Agreement, Executive agrees to
devote full time and efforts exclusively on behalf of the Company and to
competently, diligently and effectively discharge all duties of Executive
hereunder. Executive shall not be prohibited from engaging in such personal,
charitable, or other nonemployment activities as do not interfere with full time
employment hereunder and which do not violate the other provisions of this
Agreement. Executive further agrees to comply fully with all reasonable policies
of the Company as are from time to time in effect.

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          (c) The Executive shall be based out of either New York, New York or
Ft. Myers, Florida at the Company's reasonable discretion. The Company shall pay
for Executive's moving expenses (which shall not exceed $10,000 per move) in
connection with any requested move, including moving to Ft. Myers in the last
six months of 2002. If the Company decides to terminate operations in the Fort
Myers, Florida and New York, New York area, Executive shall not be required to
relocate and, to the extent the Executive cannot perform his duties hereunder
from his home in either Fort Myers or New York, his non-performance will not
constitute Cause (as defined below).

     3. Compensation. As full compensation for all services rendered to the
Company pursuant to this Agreement, in whatever capacity rendered, the Company
shall pay to Executive during the term hereof a minimum base salary at the rate
of $247,500 per year (the "Basic Salary"), payable in accordance with the usual
payroll practices of the Company. The Basic Salary thereafter may be increased,
but not decreased, from time to time, by the Board of Directors in connection
with reviews of Executive's performance occurring no less frequently than
annually. Executive will be entitled to receive incentive compensation pursuant
to the terms of plans adopted by the Board of Directors or its Compensation
Committee from time to time. The Board of Directors or its Compensation
Committee, as applicable, shall review Executive's performance on an annual
basis. In connection with such annual review, the Executive may be entitled to
receive additional stock option grants. Such options will be granted, if at all,
in the sole discretion of the Board of Directors or its Compensation Committee
on terms and conditions they determine. Notwithstanding the foregoing, (i) if
the Executive's employment with the Company is terminated by the Company without
Cause (as defined below) or by Executive for Good Reason (as defined below), or
(ii) if there is a Change in Control of the Company (as defined below), any
stock options granted to Executive after the Effective Date shall immediately
fully vest and remain exercisable during the term as if the Executive were still
employed by the Company.

     4. Business Expenses. The Company shall promptly pay directly, or reimburse
Executive for, all business expenses to the extent such expenses are paid or
incurred by Executive during the term of employment in accordance with Company
policy in effect from time to time and to the extent such expenses are
reasonable and necessary to the conduct by Executive of the Company's business
and properly substantiated.

     5. Benefits. During the term of this Agreement and Executive's employment
hereunder, the Company shall provide to Executive such insurance, vacation, sick
leave and other like benefits as are provided to other executive officers of the
Company from time to time. Executive will use his reasonable best efforts to
schedule vacation periods to minimize disruption of the Company's business.

     6. Term; Termination.

          (a) The Company shall employ the Executive, and the Executive accepts
such employment, for an initial term commencing on the date of this Agreement
and ending on the first anniversary of the date of this Agreement. Thereafter,
this Agreement shall be extended automatically for additional twelve-month
periods, unless terminated as described herein. Executive's employment may be
terminated at any time as provided in this Section 6. For

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purposes of this Section 6, "Termination Date" shall mean the date on which any
notice period required under this Section 6 expires or, if no notice period is
specified in this Section 6, the effective date of the termination referenced in
the notice.

          (b) The Company may terminate Executive's employment without Cause (as
defined below) upon giving 30 days' advance written notice to Executive. If
Executive's employment is terminated without Cause under this Section 6(b), the
Executive shall be entitled to receive (A) the earned but unpaid portion of
Executive's Basic Salary and pro rata portion of Executive's bonus, if any,
through the Termination Date; (B) over a period of twelve (12) months after such
termination (the "Severance Period") an amount equal to two (2) times the sum of
his (i) Basic Salary at the time of Termination, plus (ii) the Termination Bonus
(as defined below); (C) any other amounts or benefits owing to Executive under
the then applicable employee benefit, long term incentive or equity plans and
programs of the Company, which shall be paid or treated in accordance with
Section 3 hereof and otherwise in accordance with the terms of such plans and
programs; (D) benefits, (including, without limitation health, life, disability
and pension) as if Executive were an employee during the Severance Period; and
(E) the Termination Share Grant (as defined below).

          (c) The Company may terminate Executive's employment upon a
determination by the Company that "Cause" exists for Executive's termination and
the Company serves written notice of such termination upon Executive. As used in
this Agreement, the term Cause shall refer only to any one or more of the
following grounds:

               (i) commission of a material and substantive act of theft,
     including, but not limited to, misappropriation of funds or any property of
     the Company;

               (ii) intentional engagement in activities or conduct clearly
     injurious to the best interests or reputation of the Company which in fact
     result in material and substantial injury to the Company;

               (iii) refusal to perform his assigned duties and responsibilities
     (so long as the Company does not assign any duties or responsibilities
     which would give the Executive Good Reason to terminate his employment as
     described in Section 6(e)) after receipt by Executive of written detailed
     notice and reasonable opportunity to cure;

               (iv) gross insubordination by Executive, which shall consist only
     of a willful refusal to comply with a lawful written directive to Executive
     issued pursuant to a duly authorized resolution adopted by the Board of
     Directors (so long as the directive does not give the Executive Good Reason
     to terminate his employment as described in Section 6(e));

               (v) the clear violation of any of the material terms and
     conditions of this Agreement or any written agreement or agreements
     Executive may from time to time have with the Company (following 30 days'
     written notice from the Company specifying the violation and Executive's
     failure to cure such violation within such 30 day period);

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               (vi) Executive's substantial dependence, as determined by the
     Board of Directors of the Company, on alcohol or any narcotic drug or other
     controlled or illegal substance which materially and substantially prevents
     Executive from performing his duties hereunder; or

               (vii) the final and unappealable conviction of Executive of a
     crime which is a felony or a misdemeanor involving an act of moral
     turpitude, or a misdemeanor committed in connection with his employment by
     the Company, which causes the Company a substantial detriment.

In the event of a termination under this Section 6(c), the Company will pay
Executive the earned but unpaid portion of Executive's Basic Salary through the
Termination Date. If any determination of substantial dependence under Section
6(c)(vi) is disputed by the Executive, the parties hereto agree to abide by the
decision of a panel of three physicians appointed in the manner as specified in
Section 6(d) of this Agreement. If any determination of "Cause" is made under
items 6(c), (i), (ii), (iii), (iv), (v), or (vii) which Executive contests,
Executive shall have the opportunity, within 30 days of such determination, to
personally appear in front of the Board of Directors and present his case to the
Board of Directors and have the Board of Directors reconsider the determination
of Cause.

          (d) Executive's employment shall terminate upon the death or permanent
disability of Executive. For purposes hereof, "permanent disability," shall mean
the inability of the Executive, as determined by the Board of Directors of
FindWhat.com, by reason of physical or mental illness to perform the duties
required of him under this Agreement for more than 120 days in any 360 day
period. Upon a determination by the Board of Directors of FindWhat.com that
Executive's employment shall be terminated under this Section 6(d), the Board of
Directors shall give Executive 30 days' prior written notice of the termination.
If Executive disputes a determination of the Board of Directors under this
Section 6(d), the parties agree to abide by the decision of a panel of three
physicians. FindWhat.com will select a physician, Executive will select a
physician and the physicians selected by FindWhat.com and Executive will select
a third physician. Executive agrees to make himself available for and submit to
examinations by such physicians as may be directed by the Company. Failure to
submit to any examination shall constitute a breach of a material part of this
Agreement. In the event of termination due to death or permanent disability, the
Company will pay Executive, or his legal representative, the earned but unpaid
portion of Executive's Basic Salary through the Termination Date and the earned
but unpaid portion of any vested incentive compensation under and consistent
with plans adopted by the Company prior to the Termination Date.

          (e) The Executive may terminate his employment for Good Reason (as
defined below) upon giving 30 days advance written notice to the Company. If
Executive's employment is terminated with Good Reason under this Section 6(e),
the Executive shall be entitled to receive (A) the earned but unpaid portion of
Executive's Basic Salary and pro rata portion of Executive's bonus, if any,
through the Termination Date; (B) over a period of twelve (12) months after such
termination an amount equal to two (2) times the sum of his (i) Basic Salary at
the time of Termination, plus (ii) the Termination Bonus (as defined below); (C)
any other amounts or benefits owing to Executive under the then applicable
employee benefit, long

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term incentive or equity plans and programs of the Company, which shall be paid
or treated in accordance with Section 3 hereof and otherwise in accordance with
the terms of such plans and programs; (D) benefits, (including, without
limitation health, life, disability and pension) as if Executive were an
employee during the Severance Period; and (E) the Termination Share Grant (as
defined below). As used in this Agreement, the term "Good Reason" means:

        (i)    a change in Executive's title(s), status, position or
               responsibilities without Executive's written consent, which does
               not represent a promotion from his existing status, position or
               responsibilities, despite Executive's written notice to the
               Company of his objection to such change and the Company's failure
               to address such notice in a reasonable fashion within 30 days of
               such notice, provided, however, the Company's naming a new Chief
               Financial Officer shall not constitute Good Reason for this
               subparagraph (i);
        (ii)   the assignment to Executive of any duties or responsibilities
               which are inconsistent with his status, position or
               responsibilities as set forth in Section 2 hereof, despite
               Executive's written notice to the Company of his objection to
               such change and the Company's failure to address such notice in a
               reasonable fashion within 30 days of such notice;
        (iii)  if there is a reduction in Executive's Basic Salary;
        (iv)   during the "Window Period" (as defined below) if there is a
               Change in Control of the Company (as defined below));
        (v)    a breach by the Company of any material term or provision of this
               Agreement;
        (vi)   a relocation of the Company's offices in New York, New York or
               Fort Myers, Florida to a location more than 35 miles from the
               current location (provided Executive cannot perform his duties
               hereunder from his home in either Fort Myers or New York after
               the time of the relocation);
        (vii)  failure of the Board of Directors to appoint Executive as
               President of the Company upon appointing a new Chief Financial
               Officer;
        (viii) appointment by the Board of Directors of anyone other than
               Craig A. Pisaris-Henderson as President or co-President; or
        (ix)   failure of the Board of Directors to appoint Executive as Chief
               Executive Officer upon the resignation or termination of Craig A.
               Pisaris-Henderson as Chief Executive Officer.

          (f) The Executive may terminate his employment for any reason (other
than Good Reason) upon giving 30 days' advance written notice to the Company. If
Executive's employment is so terminated under this Section 6(f), the Company
will pay Executive the earned but unpaid portion of Executive's Basic Salary
through the Termination Date and the earned but unpaid portion of any vested
incentive compensation under and consistent with plans adopted by the Company
prior to the Termination Date.

          (g) In the event of the Executive's death during the Severance Period,
payments of Basic Salary under this paragraph 6 and payments under the Company's
employee

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benefit plan(s) shall continue to be made in accordance with their terms during
the remainder of the Severance Period to the beneficiary designated in writing
for such purpose by the Executive or, if no such beneficiary is specifically
designated, to the Executive's estate.

          (h) As used in this Agreement, the term "Termination Share Grant"
shall mean the grant to Executive of registered shares of Common Stock of the
Company under the Company's 1999 Stock Incentive Plan or a successor plan, with
the amount of shares as determined according to Exhibit A attached hereto.

          (i) As used in this Agreement, the term "Bonus" shall mean any bonus,
incentive compensation or any other cash benefit paid or payable to the
Executive under any incentive compensation grant or plan, excluding signing
bonuses and the Company's stock option plan. For purposes of this Agreement, the
Executive's "Termination Bonus" shall be equal to the amount of the Executive's
Bonus for the four (4) fiscal quarters immediately preceding the Termination
Date, provided, however, if there has been a Change in Control of the Company
the Termination Bonus shall be an amount equal to the greater of (i) the
preceding calculation or (ii) Executive's Bonus for the four (4) fiscal quarters
immediately preceding the Change in Control of the Company.

          (j) As used in this Agreement, the term "Window Period" shall mean the
period of time after a Change in Control in which Executive can terminate his
employment with the Company for any reason and the termination shall be deemed a
termination for Good Reason for purposes of this Agreement. The Window Period
begins on the 180-day anniversary date of a Change in Control and lasts for
thirty (30) days.

          (k) As used in this Agreement, the term "Change in Control" shall mean
the occurrence of any one of the following events:

               (i) any Person is or becomes the Beneficial Owner, directly or
     indirectly, of securities of the Company representing thirty-five percent
     (35%) or more, excluding in the calculation of Beneficial Ownership
     securities acquired directly from the Company, of the combined voting power
     of the Company's then outstanding voting securities;

               (ii) any Person is or becomes the Beneficial Owner, directly or
     indirectly, of securities of the Company representing fifty-one percent
     (51%) or more of the combined voting power of the Company's then
     outstanding voting securities;

               (iii) the following individuals cease for any reason to
     constitute a majority of the number of directors then serving: individuals
     who, on the Effective Date, constitute the Board and any new director
     (other than a director whose initial assumption of office is in connection
     with an actual or threatened election contest, including but not limited to
     a consent solicitation, relating to the election of directors of the
     Company) whose appointment or election by the Board or nomination for
     election by the Company's stockholders was approved or recommended by a
     vote of the at least two-thirds (2/3) of the directors then still in office
     who either were directors on the Effective Date or whose appointment,
     election or nomination for election was previously so approved or
     recommended;

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               (iv) there is a consummated merger or consolidation of the
     Company or any direct or indirect subsidiary of the Company with any other
     corporation, other than (A) a merger or consolidation which would result in
     the voting securities of the Company outstanding immediately prior thereto
     continuing to represent (either by remaining outstanding or by being
     converted into voting securities of the surviving or parent entity) more
     than fifty percent (50%) of the combined voting power of the voting
     securities of the Company or such surviving or parent equity outstanding
     immediately after such merger or consolidation or (B) a merger or
     consolidation effected to implement a recapitalization of the Company (or
     similar transaction) in which no Person, directly or indirectly, acquired
     twenty-five percent (25%) or more of the combined voting power of the
     Company's then outstanding securities (not including in the securities
     beneficially owned by such person any securities acquired directly from the
     Company or its Affiliates); or

               (v) the stock holders of the Company approve a plan of complete
     liquidation of the Company or there is consummated on agreement for the
     sale or disposition by the Company of all or substantially all of the
     Company's assets (or any transaction having a similar effect), other than a
     sale or disposition by the Company of all or substantially all of the
     Company's assets to an entity, at least fifty percent (50%) of the combined
     voting power of the voting securities of which are owned by stockholders of
     the Company in substantially the same proportions as their ownership of the
     Company immediately prior to such sale.

For purposes of this Section 6, the following terms shall have the following
meanings:

               (i) "Affiliate" shall mean an affiliate of the Company, as
     defined in Rule 12b-2 promulgated under Section 12 of the Securities
     Exchange Act of 1934, as amended from time to time (the "Exchange Act");

               (ii) "Beneficial Owner" shall have the meaning set forth in Rule
     13d-3 under the Exchange Act;

               (iii) "Person" shall have the meaning set forth in Section
     3(a)(9) of the Exchange Act, as modified and used in Sections 13(d) and
     14(d) thereof, except that such term shall not include (1) the Company, (2)
     a trustee or other fiduciary holding securities under an employee benefit
     plan of the Company, (3) an underwriter temporarily holding securities
     pursuant to an offering of such securities or (4) a corporation owned,
     directly or indirectly, by the stockholders of the Company in substantially
     the same proportions as their ownership of shares of Common Stock of the
     Company.

     7. Indemnity.

          (a) Subject only to the exclusions set forth in Section 7(b) hereof,
the Company hereby agrees to hold harmless and indemnify Executive against any
and all expenses (including attorneys' fees), judgments, fines and amounts paid
in settlement actually and reasonably incurred by Executive in connection with
any threatened, pending or completed

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action, suit or proceeding, whether civil, criminal, administrative or
investigative (excluding an action by or in the right of the Company) to which
Executive is, was or at any time becomes a party, or is threatened to be made a
party, by reason of the fact that Executive is, was or at any time becomes a
director, officer, employee or agent of the Company, or is or was serving or at
any time serves at the request of the Company as a director, officer, employee
or agent of another corporation, partnership, joint venture, trust or other
enterprise.

          (b) The Company hereof shall not indemnify Executive pursuant to
Section 7(a):

               (i) except to the extent the aggregate losses to be indemnified
     hereunder exceed the amount of such losses for which Executive is
     indemnified pursuant to any directors and officers liability insurance
     purchased and maintained by the Company;

               (ii) in respect to remuneration paid to Executive if it shall be
     determined by a final judgment or other final adjudication that such
     remuneration was in violation of law;

               (iii) on account of any suit in which judgment is rendered
     against Executive for an accounting of profits made from the purchase or
     sale by Executive of securities of the Company pursuant to the provisions
     of Section 16(b) of the Securities Exchange Act of 1934 and amendments
     thereto or similar provisions of any federal, state or local statutory law;

               (iv) on account of Executive's material breach of any provision
     of this Agreement;

               (v) on account of Executive's act or omission being finally
     adjudged to involve intentional misconduct, a knowing violation of law, or
     grossly negligent conduct; or

               (vi) if a final decision by a Court having jurisdiction in the
     matter shall determine that such indemnification is not lawful.

          (c) All agreements and obligations of the Company contained herein
shall continue during the period Executive is a director, officer, employee or
agent of the Company (or is or was serving at the request of the Company as a
director, officer, employee or agent of another corporation, partnership, joint
venture, trust or other enterprise) and shall continue thereafter so long as
Executive shall be subject to any possible claim or threatened, pending or
completed action, suit or proceeding, whether civil, criminal or investigative,
by reason of the fact that Executive was an officer or director of the Company
or serving in any other capacity referred to herein.

          (d) Promptly after receipt by Executive of notice of the commencement
of any action, suit or proceeding, Executive will, if a claim in respect thereof
is to be made against the

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Company under this Section 7, notify the Company of the commencement thereof;
but the omission so to notify the Company will not relieve it from any liability
which it may have to Executive otherwise than under this Section 7. With respect
to any such action, suit or proceeding as to which Executive notifies the
Company under this Section 7(d):

               (i) The Company will be entitled to participate therein at its
     own expense.

               (ii) Except as otherwise provided below, to the extent that it
     may wish, the Company jointly with any other indemnifying party similarly
     notified will be entitled to assume the defense thereof, with counsel
     selected by the Company. After notice from the Company to Executive of its
     election so to assume the defense thereof, the Company will not be liable
     to Executive under this Section 7 for any legal or other expenses
     subsequently incurred by Executive in connection with the defense thereof
     other than reasonable costs of investigation or as otherwise provided
     below. Executive shall have the right to employ his counsel in such action,
     suit or proceeding but the fees and expenses of such counsel incurred after
     notice from the Company of its assumption of the defense thereof shall be
     at the expense of Executive, unless (A) the employment of counsel by
     Executive has been authorized by the Company, or (B) the Company shall not
     in fact have employed counsel to assume the defense of such action, in each
     of which cases the fees and expenses of counsel shall be at the expense of
     the Company. The Company shall not be entitled to assume the defense of any
     action, suit or proceeding brought by or on behalf of the Company.

               (iii) The Company shall not be liable to indemnify Executive
     under this Agreement for any amounts paid in settlement of any action or
     claim effected without its written consent. The Company shall not settle in
     any manner that would impose any penalty or limitation on Executive without
     Executive's written consent. Neither the Company nor Executive will
     unreasonably withhold their consent to any proposed settlement.

          (e) Executive agrees that Executive will reimburse the Company for all
customary and reasonable expenses paid by the Company in defending any civil or
criminal action, suit or proceeding against Executive in the event and only to
the extent that it shall be ultimately determined that Executive is not entitled
to be indemnified by the Company for such expenses under the provisions of
Nevada law (or the laws of the Company's state of incorporation at the time),
federal securities laws, the Company's By-laws or this Agreement.

     8. Certain Additional Payments by the Company.

          (a) Anything in this Agreement to the contrary notwithstanding, in the
event it shall be determined that any payment, award, benefit or distribution
(or any acceleration of any payment, award, benefit or distribution) by the
Company (or any of its affiliated entities) or any entity which effectuates a
Change in Control (or any of its affiliated entities) to or for the benefit of
Executive (whether pursuant to the terms of this Agreement or otherwise, but
determined without regard to any additional payments required under this Section
8) (the "Payments") would

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be subject to the excise tax imposed by Section 4999 of the Internal Revenue
Code of 1986, as amended (the "Code"), or any interest or penalties are incurred
by Executive with respect to such excise tax (such excise tax, together with any
such interest and penalties, are hereinafter collectively referred to as the
"Excise Tax"), then the Company shall pay to Executive an additional payment (a
"Gross-Up Payment") in an amount such that after payment by Executive of all
taxes (including any Excise Tax) imposed upon the Gross-Up Payment, Executive
retains an amount of the Gross-Up Payment equal to the sum of (x) the Excise Tax
imposed upon the Payments and (y) the product of any deductions disallowed
because of the inclusion of the Gross-up Payment in Executive's adjusted gross
income and the highest applicable marginal rate of federal income taxation for
the calendar year in which the Gross-up Payment is to be made. For purposes of
determining the amount of the Gross-up Payment, the Executive shall be deemed to
(i) pay federal income taxes at the highest marginal rates of federal income
taxation for the calendar year in which the Gross-up Payment is to be made, and
(ii) pay applicable state and local income taxes at the highest marginal rate of
taxation for the calendar year in which the Gross-up Payment is to be made, net
of the maximum reduction in federal income taxes which could be obtained from
deduction of such state and local taxes. Notwithstanding the foregoing
provisions of this Section 8(a), if it shall be determined that Executive is
entitled to a Gross-Up Payment, but that the Payments would not be subject to
the Excise Tax if the Payments were reduced by an amount that is less than 5% of
the portion of the Payments that would be treated as "parachute payments" under
Section 280G of the Code, then the amounts payable to Executive under this
Agreement shall be reduced (but not below zero) to the maximum amount that could
be paid to Executive without giving rise to the Excise Tax (the "Safe Harbor
Cap"), and no Gross-Up Payment shall be made to Executive. The reduction of the
amounts payable hereunder, if applicable, shall be made by reducing first the
payments under Section 8, unless an alternative method of reduction is elected
by Executive. For purposes of reducing the Payments to the Safe Harbor Cap, only
amounts payable under this Agreement (and no other Payments) shall be reduced.

          If the reduction of the amounts payable hereunder would not result in
a reduction of the Payments to the Safe Harbor Cap, no amounts payable under
this Agreement shall be reduced pursuant to this provision.

          (b) Subject to the provisions of Section 8(a), all determinations
required to be made under this Section 8(b), including whether and when a
Gross-Up Payment is required, the amount of such Gross-Up Payment, the reduction
of the Payments to the Safe Harbor Cap and the assumptions to be utilized in
arriving at such determinations, shall be made by the public accounting firm
that is retained by the Company as of the date immediately prior to the Change
in Control (the "Accounting Firm") which shall provide detailed supporting
calculations both to the Company and Executive within fifteen (15) business days
of the receipt of notice from the Company or the Executive that there has been a
Payment, or such earlier time as is requested by the Company (collectively, the
"Determination"). In the event that the Accounting Firm is serving as accountant
or auditor for the individual, entity or group effecting the Change in Control,
Executive may appoint another nationally recognized public accounting firm to
make the determinations required hereunder (which accounting firm shall then be
referred to as the Accounting Firm hereunder). All fees and expenses of the
Accounting Firm shall be borne solely by the Company and the Company shall enter
into any agreement requested by the Accounting

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Firm in connection with the performance of the services hereunder. The Gross-up
Payment under this Section 8 with respect to any Payments shall be made no later
than thirty (30) days following such Payment. If the Accounting Firm determines
that no Excise Tax is payable by Executive, it shall furnish Executive with a
written opinion to such effect, and to the effect that failure to report the
Excise Tax, if any, on Executive's applicable federal income tax return will not
result in the imposition of a negligence or similar penalty. In the event the
Accounting Firm determines that the Payments shall be reduced to the Safe Harbor
Cap, it shall furnish Executive with a written opinion to such effect. The
Determination by the Accounting Firm shall be binding upon the Company and
Executive. As a result of the uncertainty in the application of Section 4999 of
the Code at the time of the Determination, it is possible that Gross-up Payments
which will not have been made by the Company should have been made
("Underpayment") or Gross-up Payments are made by the Company which should not
have been made ("Overpayment"), consistent with the calculations required to be
made hereunder. In the event that the Executive thereafter is required to make
payment of any Excise Tax or additional Excise Tax, the Accounting Firm shall
determine the amount of the Underpayment that has occurred and any such
Underpayment (together with interest at the rate provided in Section
1274(b)(2)(B) of the Code) shall be promptly paid by the Company to or for the
benefit of Executive. In the event the amount of the Gross-up Payment exceeds
the amount necessary to reimburse the Executive for his Excise Tax, the
Accounting Firm shall determine the amount of the Overpayment that has been made
and any such Overpayment (together with interest at the rate provided in Section
1274(b)(2) of the Code) shall be promptly paid by Executive (to the extent he
has received a refund if the applicable Excise Tax has been paid to the Internal
Revenue Service) to or for the benefit of the Company. Executive shall
cooperate, to the extent his expenses are reimbursed by the Company, with any
reasonable requests by the Company in connection with any contests or disputes
with the Internal Revenue Service in connection with the Excise Tax.

     9. Assignment. This Agreement is personal to Executive and Executive may
not assign or delegate any of his rights or obligations hereunder. Subject to
the foregoing, this Agreement shall be binding upon and inure to the benefit of
the respective parties hereto, their heirs, executors, administrators,
successors and assigns.

     10. Waiver. The waiver by either party hereto of any breach or violation of
any provision of this Agreement by the other party shall not operate as or be
construed to be a waiver of any subsequent breach by such waiving party.

     11. Notices. Any and all notices required or permitted to be given under
this Agreement will be sufficient and deemed effective three (3) days following
deposit in the United States mail if furnished in writing and sent by certified
mail to Executive at:

         FindWhat.com
         12751 Westlinks Drive
         Ft. Myers, Florida 33913

                                       11
<PAGE>

and to the Company at:

         FindWhat.com
         12751 Westlinks Drive
         Ft. Myers, Florida 33913
         Attention:  Chief Executive Officer

with a copy to:

         John B. Pisaris
         Porter, Wright, Morris & Arthur LLP
         41 S. High St.
         Columbus, OH 43215

or such subsequent addresses as one party may designate in writing to the other
parties.

     12. Governing Law. This Agreement shall be interpreted, construed and
governed according to the laws of the State of Florida.

     13. Amendment. This Agreement may be amended in any and every respect only
by agreement in writing executed by both parties hereto.

     1. Section Headings. Section headings contained in this Agreement are for
convenience only and shall not be considered in construing any provision hereof.

     15. Entire Agreement. With the exception of the Confidentiality, Assignment
and Noncompetition Agreement, dated April 24, 2000, and any stock option
agreements between Executive and the Company, this Agreement terminates, cancels
and supersedes all previous employment or other agreements relating to the
employment of Executive with the Company or any predecessor, written or oral,
and this Agreement contains the entire understanding of the parties with respect
to the subject matter of this Agreement. This Agreement was fully reviewed and
negotiated on behalf of each party and shall not be construed against the
interest of either party as the drafter of this Agreement. EMPLOYEE ACKNOWLEDGES
THAT, BEFORE SIGNING THIS AGREEMENT, HE HAS READ THE ENTIRE AGREEMENT AND HAS
THIS DAY RECEIVED A COPY HEREOF.

     16. Severability. The invalidity or unenforceability of any one or more
provisions of this Agreement shall not affect the validity or enforceability of
any other provisions of this Agreement or parts thereof.

     17. Survival. The last sentence of Section 3, Sections 6, 7 and 8 of this
Agreement and this Section 17 shall survive any termination or expiration of
this Agreement.

     IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the day and year first above written.

                                       12
<PAGE>

                                         EXECUTIVE:

                                         /s/ Phillip R. Thune
                                         ----------------------------------
                                         Phillip R. Thune

                                         FINDWHAT.COM

                                         By:  /s/Craig A. Pisaris-Henderson
                                             ------------------------------
                                              Craig A. Pisaris-Henderson

                                         Its:   Chief Executive Officer
                                                -----------------------

                                       13
<PAGE>
         EXHIBIT A -- AMENDED AND RESTATED EMPLOYMENT AGREEMENT BETWEEN
     FINDWHAT.COM AND PHILLIP R. THUNE DATED 9/20/02 Termination Share Grant

The Termination Share Grant shall be as follows:

A. If there has been a Change in Control of the Company prior to the Termination
Date, the Termination Share Grant will equal zero (0) shares.

B. If there has not been a Change in Control of the Company prior to the
Termination Date, the Termination Share Grant shall be as set forth in the table
below*:
<TABLE>
<CAPTION>

                                ... and the Company's Closing Stock Price** is Below:
If the Termination     ----------------------------------------------------------------       O    ...and the Company's Closing
Date is Prior To...:   $ 1.00   $ 2.00    $ 3.00    $ 4.00    $ 5.00    $ 7.50    $ 10.00     R    Stock Price** is Above $9.99:
--------------------   ------   -------   -------   -------   -------   -------   --------         -----------------------------
<S>                    <C>     <C>       <C>       <C>       <C>       <C>       <C>                       <C>
9/30/2002                 0     140,625   187,481   210,938   225,000   243,731   253,125                   281,250
3/31/2003                 0     125,000   166,650   187,500   200,000   216,650   225,000                   250,000
9/30/2003                 0      93,750   124,988   140,625   150,000   162,488   168,750                   187,500
3/31/2004                 0      78,125   104,156   117,188   125,000   135,406   140,625                   156,250
9/30/2004                 0      46,875    62,494    70,313    75,000    81,244    84,375                    93,750
3/31/2005                 0      31,250    41,663    46,875    50,000    54,163    56,250                    62,500
</TABLE>

*The size of the Termination Share Grant is subject to adjustment in the event
of a stock split, stock dividend, combination or exchange of shares, exchange
for other securities, reclassification, reorganization, redesignation or other
change in the Company's capitalization. In the event of any of the foregoing,
the Compensation Committee, as appropriate and equitable, will proportionately
adjust the number of shares constituting the Termination Share Grant.

** Closing Stock Price is defined as either (i) if the Company is publicly
traded, the average closing stock price as reported by Nasdaq or the Exchange on
which the Company is listed for the 20 trading days prior to the Termination
Date, or (ii) if the Company is not publicly traded, the value of the Company as
determined by a nationally recognized public accounting firm chosen by the
Company (which has no other engagement with the Company), divided by the diluted
shares outstanding on the Termination Date.<PAGE>
                                                                  EXHIBIT 10.5

                                  FINDWHAT.COM
                             INCENTIVE STOCK OPTION
                                    AGREEMENT

         AGREEMENT made as of the ____ day of ______________, ______ (the "Grant
Date") by and between FINDWHAT.COM, a Nevada corporation, having its office and
principal place of business located at 121 West 27th Street, New York, NY 10001
(the "Corporation") and _______________ (the "Holder").

                              W I T N E S S E T H:

         WHEREAS, on the Grant Date, the Corporation authorized the grant to the
Holder of an option to purchase an aggregate of ________shares of the authorized
but unissued Common Stock of the Corporation, $.001 par value (the "Stock"),
pursuant to the Corporation's 1999 Stock Incentive Plan (the "Plan"),
conditioned upon the Holder's acceptance thereof upon the terms and conditions
set forth in this Agreement; and

         WHEREAS, the Holder desires to acquire said option on the terms and
conditions set forth in this Agreement;

         NOW, THEREFORE, in consideration of the foregoing and of the terms and
conditions herein contained and for other good and valuable consideration, the
parties hereto agree as follows:

         A.       The Corporation hereby grants to the Holder the right and
                  option (hereinafter called the "Option"), to purchase all or
                  any part of an aggregate _____ shares of Stock on the terms
                  and conditions herein set forth and in the Plan, which is
                  incorporated by reference herein. The Holder acknowledges
                  receipt of a copy of the Plan.

         B.       The Holder is an employee of the Company and this Option shall
                  be deemed to be an incentive stock option.

         C.       The purchase price ("Purchase Price") of each share of Stock
                  subject to this Option shall be $_______, subject to
                  adjustment as provided in section G hereof.

<PAGE>

D.       This Option may be exercised, from time to time, in full or in
         part, by the Holder to the extent it is vested (as specified
         below) and shall remain exercisable (subject to the provisions
         herein) until it has been exercised as to all of the shares of
         Stock or the _________ anniversary of the Grant Date (the
         "Exercise Period"), whichever occurs first. Unless terminated
         in accordance with the Plan, this Option will vest at the rate
         of ___% per year from the Grant Date, but only if the Holder
         has remained in the continuous employ of the Corporation from
         the Grant Date to the date of vesting. Notwithstanding any
         terms, conditions or language to the contrary contained in the
         Plan, in the event the Holder's employment by the Corporation
         or any of its subsidiaries is terminated (for any reason other
         than death, disability or discharge for cause, as defined in
         the Plan) any Option granted to the Holder or unexercised
         portion thereof which was otherwise exercisable on the date of
         termination of employment shall terminate unless, such Option,
         to the extent exercisable at termination, is exercised within
         the earlier of three (3) months after the Holder ceases to be
         an employee on the date of expiration of the Option. If the
         Holder's employment is terminated for cause, as defined in the
         Plan, any Option or unexercised portion thereof granted to the
         Holder shall terminate and be of no further force and effect
         from the date of discharge.

E.       The Purchase Price of the shares of Stock as to which the
         Option is exercised shall be paid in full at the time of
         exercise by cash or check payable to the order of the
         Corporation. The Holder shall not have any of the rights of a
         stockholder with respect to the Stock covered by the Option
         until the date of the issuance of a stock certificate to
         Holder for such shares of Stock.

F.

         1.       Except as provided in paragraph F(2), this Option and the
                  rights and privileges conferred hereby may not be transferred,
                  assigned, pledged or hypothecated in any way (whether by
                  operation of law or otherwise) and shall not be subject to
                  execution, attachment or similar process. Upon any attempt to
                  transfer, assign, pledge, hypothecate or otherwise dispose of
                  this Option or any right or privilege conferred hereby,
                  contrary to the provisions hereof, or upon the levy of any
                  attachment or similar process on the rights and privileges
                  conferred hereby, this Option and the rights and privileges
                  conferred hereby shall immediately become null and void.

         2.       Upon the death of the Holder, any Option granted to him or the
                  unexercised portion thereof, which was otherwise exercisable
                  on his date of death, shall terminate unless such Option to
                  the extent exercisable at death is exercised by the executor
                  or administrator of his estate, within the earlier of three
                  (3) months following the Holder's death or the date of the
                  expiration of the Option.

         3.       The Board of Directors of the Corporation or the Corporation's
                  Stock Incentive Committee (the "Committee"), as the case may
                  be, may require,

                                      -2-
<PAGE>

                  as a condition to the sale of Stock or the exercise of any
                  Option, that the person exercising such Option give to the
                  Corporation such documents including such appropriate
                  investment representations as may be required by counsel for
                  the Corporation and such additional agreements and documents
                  as the Board of Directors or the Committee, as the case may
                  be, shall determine to be in the best interests of the
                  Corporation.

G.

         1.       If the outstanding shares of Stock of the Corporation are
                  increased, decreased, changed into or exchanged for a
                  different number or kind of stock or securities of the
                  Corporation or stock of a different par value or without par
                  value, through reorganization, recapitalization,
                  reclassification, stock dividend, stock split, forward or
                  reverse stock split or otherwise, an appropriate and
                  proportionate adjustment shall be made in the maximum number
                  and/or kind of securities allocated to this Option, without
                  change in the aggregate purchase price applicable to the
                  unexercised portion of the outstanding Options, but with a
                  corresponding adjustment in the price for each share of Stock
                  or other unit of any security covered by this Option.

         2.       Adjustments under this section G or any other adjustment in
                  the terms of this Agreement made in accordance with the terms
                  of the Plan as a result of a merger, consolidation, sale of
                  substantially all of the Corporation's assets or similar
                  transaction affecting the Corporation as specified in section
                  3 of the Plan, shall be made by the Board of Directors, whose
                  determination as to what adjustments shall be made, and the
                  extent thereof, shall be final binding and conclusive. No
                  fractional shares of Stock shall be issued under the Plan or
                  any such adjustment.

H.       Subject to the terms and conditions of this Agreement, the Option may
         be exercised with respect to all or any portion of the Stock subject
         hereto by the delivery to the Corporation, at its principal place of
         business of (a) the written Notice of Exercise in the form attached
         hereto as Exhibit A, which is incorporated herein by reference,
         specifying the number of shares of Stock with respect to which the
         Option is being exercised and signed by the person exercising the
         Option as provided herein, (b) payment of the Purchase Price and (c)
         payment of any withholding tax that the Corporation may be required to
         withhold as a result of exercises of the Option by the Holder. Subject
         to the provisions of the Plan, the Corporation shall issue and deliver
         a certificate or certificates representing said Stock as soon as
         practicable after the notice and payment is so received. The
         certificate or certificates for the Stock as to which the Option shall
         have been so exercised shall be registered in the name of the person or
         persons so exercising the Option, and shall be delivered as aforesaid
         to or upon written order of the person or persons exercising the
         Option. In the event the Option is being exercised pursuant to the Plan
         by any person or persons other than the Holder, the

                                      -3-
<PAGE>

         notice shall be accompanied by appropriate proof of the right of such
         person or persons to exercise the Option.

I.       In the event of a conflict between the provisions of the Plan and the
         provisions of this Agreement, the Plan shall in all respects be
         controlling.

J.       All offers, acceptances, notices, requests, deliveries, payments,
         demands and other communications which are required or permitted to be
         given under this Agreement shall be in writing and shall be either
         delivered personally or sent by registered or certified mail, return
         receipt requested, postage prepaid to the parties at their respective
         addresses set forth herein, or to such other address as either shall
         have specified by notice in writing to the other. Same shall be deemed
         given hereunder when so delivered or received, as the case may be.

K.       The waiver by any party hereto of a breach of any provision of this
         Agreement shall not operate or be construed as a waiver of any other or
         subsequent breach.

L.       This Agreement constitutes the entire Agreement between the parties
         with respect to the subject matter hereof.

M.       This Agreement shall inure to the benefit of and be binding upon the
         parties hereto and to the extent not prohibited herein, their
         respective heirs, successors and assigns and representatives. Nothing
         in this Agreement, expressed or implied, is intended to confer on any
         person other than the parties hereto and as provided above, their
         respective heirs, successors, assigns and representatives any rights,
         remedies, obligations or liabilities.

N.       This Agreement shall be governed by and construed in accordance with
         the laws of the State of New York.

         IN WITNESS WHEREOF, the parties hereto have signed this Agreement as of
the day and year first above written.

                                            FINDWHAT.COM

                                            By:__________________________
                                               Name:
                                               Title:

                                               HOLDER: ___________________

                                      -4-
<PAGE>

                                    EXHIBIT A

                              NOTICE OF EXERCISE OF
                       FINDWHAT.COM INCENTIVE STOCK OPTION
                           TO PURCHASE COMMON STOCK OF
                                  FINDWHAT.COM

Name __________________________

Address _______________________

_______________________________

Date __________________________

FindWhat.com
121 West 27th Street
New York, NY  10001

Attention:  President

                  Re:      Exercise of FindWhat.com
                           Stock Option
                           ------------

Gentlemen:

                  Subject to acceptance hereof in writing by FindWhat.com (the
"Company") pursuant to the provisions of the FindWhat.com 1999 Stock Option
Plan, I hereby elect to exercise options granted to me to purchase ________
shares of $.001 par value common stock of the Company (the "Common Stock") under
the FindWhat.com Incentive Stock Option Agreement dated as of
__________________, ___________ (the "Agreement"), at $_________ per share
(subject to adjustment as provided in the Agreement).

                  Enclosed is a check in the amount of $_________, representing
the full purchase price, payable to the order of FindWhat.com. If applicable, I
have also enclosed a check payable to FindWhat.com representing payment of
applicable withholding taxes.

                  As soon as the Stock  Certificate is registered in my name,
please deliver it to me at the above address.

                  Unless the issuance of the shares of Common Stock being
purchased by me pursuant to the Agreement are subject to an effective
registration statement under the Securities Act of 1933 (the "Act"), I hereby
represent, warrant, covenant and agree with the Company as follows:

<PAGE>

                  The shares of the Common Stock being acquired by me will be
         acquired for my own account for investment and without the intent of
         participating, directly or indirectly, in a distribution of the Common
         Stock and not with a view to, or for resale in connection with, any
         distribution of the Common Stock, nor am I aware of the existence of
         any distribution of the Common Stock;

                  I am not acquiring the Common Stock based upon any
         representation, oral or written, by any person with respect to the
         future value of, or income from, the Common Stock but rather upon an
         independent examination and judgment as to the prospects of the
         Company;

                  The Common Stock was not offered to me by means of publicly
         disseminated advertisements or sales literature, nor am I aware of any
         offers made to other persons by such means;

                  I am able to bear the economic risks of the investment in the
         Common Stock, including the risk of a complete loss of my investment
         therein;

                  I have and have had complete access to and the opportunity to
         review and make copies of all material documents related to the
         business of the Company. I have examined such of these documents as I
         wished and am familiar with the business and affairs of the Company. I
         realize that the purchase of the Common Stock is a speculative
         investment, that any possible profit therefrom is uncertain and that I
         may lose my entire investment;

                  I have had the opportunity to ask questions of and receive
         answers from the Company and any person acting on its behalf and to
         obtain all material information reasonably available with respect to
         the Company and its affairs. I have received all information and data
         with respect to the Company which I have requested and which I have
         deemed relevant in connection with the evaluation of the merits and
         risks of my investment in the Company;

                  I have such knowledge and experience in financial and business
         matters that I am capable of evaluating the merits and risks of the
         purchase of the shares of Common Stock hereunder and I am able to bear
         the economic risks of such purchase; and

                  The agreements, representations, warranties and covenants made
         by me herein extend to and apply to all of the Common Stock of the
         Company issued to me pursuant to the Option of which this exhibit forms
         a part. Acceptance by me of the certificate representing such Common
         Stock shall constitute a confirmation by the undersigned that all such
         agreements, representations, warranties and covenants made herein by
         the undersigned shall be true and correct at such time.

                  I understand that the certificates representing the shares of
         Common Stock being purchased by me in accordance with this notice shall
         bear a legend referring to the foregoing

                                      -2-
<PAGE>
         covenants, representations and warranties and restrictions on
         transfer, and I agree that a legend to that effect may be placed on
         any certificate which may be issued to me as a substitute for the
         certificates being acquired by me in accordance with this notice.

                                                        Very truly yours,

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

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

AGREED TO AND ACCEPTED:

FINDWHAT.COM

By: _______________________________

Title: ____________________________

Number of Shares
Exercised: ________________________

Number of Shares

Remaining: ________________________ Date: ___________________

                                      -3-

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