Document:

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                   SERVICES AND CAPACITY RESERVATION AGREEMENT

          This Agreement, dated as of November 1, 2002, is entered into by and
between Platinum Underwriters Holdings, Ltd. ("Platinum"), a company organized
and existing under the laws of Bermuda and RenaissanceRe Holdings Ltd.
("RenaissanceRe"), a company organized and existing under the laws of Bermuda.

          WHEREAS, Platinum has requested that RenaissanceRe cause Renaissance
Reinsurance Ltd. or another one or more of its affiliates reasonably acceptable
to Platinum(such affiliates, collectively, "Renaissance") to provide certain
services and reserve capacity for one or more of Platinum's reinsurance
subsidiaries (such subsidiaries, collectively, the "Company");

          WHEREAS, RenaissanceRe has agreed to cause Renaissance to provide
services and reserve capacity for the Company pursuant to the terms hereof;

          NOW THEREFORE, in consideration of the premises and the mutual
covenants and agreements contained herein and for other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties hereto agree as follows:

1.    SERVICES AND CAPACITY RESERVATION TO BE PROVIDED.

      (a)    Consulting Services.

             Upon request of Platinum, no more frequently than twice for each
Annual Period (as hereinafter defined), in October and March or at such other
times as may be agreed to by Renaissance, Renaissance shall:

             (i) following receipt from the Company of necessary information
requested by Renaissance pursuant to the final paragraph of this Section 1(a),
provide advice and analysis to the Company with respect to the risk measurement
and management of the Company's aggregate catastrophe exposures; and

             (ii) analyze such of the Company's property catastrophe treaties as
are furnished to Renaissance and provide a retrocession pricing indication, such
analysis to indicate which underlying treaties are causing debits and credits in
the quotations to be provided under paragraph (b) of this Section 1;

             provided, however, that neither RenaissanceRe nor Renaissance shall
make any management decisions on behalf of the Company or undertake to commit
the Company to any course of action, and all decisions as to the Company's
catastrophe treaties and catastrophe exposure shall be the sole responsibility
of the Company.

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             All such services (the "Consulting Services") shall be performed by
Renaissance from Renaissance's offices located in Bermuda. At no time shall
Renaissance render such services to the Company at the Company's offices. It is
understood and agreed that nothing herein shall obligate Renaissance to perform
services in contravention of other contractual relationships.

             The Company shall provide to Renaissance any information that
Renaissance shall reasonably deem necessary to perform such services, subject to
any applicable privilege and confidentiality limitations.

       (b)   Mandatory Reservation of Retrocessional Capacity.

             Renaissance will provide, upon written request of Platinum and with
respect to each Annual Period, a quote for specifically requested non-marine
property catastrophe retrocessional coverage for the Company (the
"Retrocessional Coverage"). The maximum aggregate amount of Retrocessional
Coverage that Renaissance agrees to hold available for the Company shall be
US$100,000,000 for each Annual Period. Quotations shall be made at least 30 days
before the inception of each Annual Period and shall be made on an excess of
loss or proportional basis, as requested by Platinum. Such quotations shall be
based on Renaissance's analysis of exposure, limit, retention, exclusions and
other treaty terms at the time of the quote and such other factors that
Renaissance deems necessary or appropriate. The rates quoted with respect to the
Retrocessional Coverage shall not be reduced as a result of the compensation
paid by Platinum pursuant to Section 3 of this Agreement.

       (c)   Retrocessional Quotations

             With respect to Section 1(b) above, it is mutually understood that
it is the parties expectation that the rates quoted will be comparable, as
determined solely by Renaissance, to similar third party assumed retrocessional
quotations provided by Renaissance.

2.     TERM.

             Renaissance shall provide the services described in Section 1 for
five consecutive annual periods commencing on October 1, 2002 and ending on
September 30, 2007 (the "Annual Periods").

3.     PRICE OF SERVICES.

             (a) In consideration for the obligation of Renaissance to provide
Consulting Services and mandatory reservation of retrocessional capacity to the
Company pursuant to Section 1 above, Platinum shall pay Renaissance US$4,000,000
at the inception of this

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Agreement and on each October 1 beginning October 1, 2003 through and including
October 1, 2006.

             (b) No later than thirty (30) days after the end of each Annual
Period, Platinum shall pay Renaissance an adjustment fee ("Adjustment Fee")
equal to the amount, if any, by which 3.5% of the aggregate gross written
non-marine non-finite property catastrophe premium (including reinstatements) of
the Company (as classified by the Company in accordance with accepted industry
practice) for the applicable Annual Period exceeds the amount paid with respect
to Section 3(a). In the event that 3.5% of such gross written non-marine
non-finite property catastrophe premium (including reinstatements) in an Annual
Period is less than or equal to the amount paid with respect to Section 3(a),
Renaissance shall not be entitled to an Adjustment Fee for that Annual Period.

             (c) The consideration provided in Section 3(a) and (b) above shall
be in addition to any retrocessional premiums paid to Renaissance with respect
to the Retrocessional Coverage bound by Renaissance for the benefit of Platinum
and the Company.

4.     CONFIDENTIAL AND PROPRIETARY INFORMATION.

             The parties acknowledge that this Agreement does not constitute a
sale, lease, license, or other transfer by Renaissance of any proprietary
systems or intellectual property of Renaissance.

5.     RELATIONSHIPS AMONG THE PARTIES.

             Nothing in this Agreement shall cause the relationship between the
Company on the one hand and Renaissance on the other to be deemed to constitute
an agency, partnership or joint venture. The terms of this Agreement are not
intended to constitute any of the parties or their affiliates a joint employer
for any purpose. Each of the parties agrees that the provisions of this
Agreement as a whole are not intended to, and do not, constitute control of the
other party (or any affiliates thereof) or provide it with the ability to
control such other party (or any affiliates thereof), and each party hereto
expressly disclaims any right or power under this Agreement to exercise any
power whatsoever over the management or policies of the other (or any affiliates
thereof). Nothing in this Agreement shall oblige either party hereto to act in
breach of the requirements of any law, rule or regulation applicable to it,
including securities, insurance and trade regulation laws and regulations,
written policy statements of securities commissions, insurance and other
regulatory authorities, and the by-laws, rules, regulations and written policy
statements of relevant securities and self-regulatory organizations.

6.     GOVERNING LAW.

             This Agreement shall be governed by, and construed in accordance
with, the laws of the State of New York, without regard to its conflict of laws
principles.

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7.     ARBITRATION.

       (a)   As a condition precedent to any right of action under this
Agreement, any dispute or difference between the parties hereto relating to the
formation, interpretation, or performance of this Agreement, or any transaction
under this Agreement, whether arising before or after termination, shall be
submitted for decision to a panel of three arbitrators (the "Panel") at the
offices of Judicial Arbitration and Mediation Services, Inc. in accordance with
the Streamlined Arbitration Rules and Procedures of Judicial Arbitration and
Mediation Services, Inc.

       (b)   The party demanding arbitration shall do so by written notice
complying with the terms of Section 11. The arbitration demand shall state the
issues to be resolved and shall name the arbitrator appointed by the demanding
party.

       (c)   Within 30 days of receipt of the demand for arbitration, the
responding party shall notify the demanding party of any additional issues to be
resolved in the arbitration and the name of the responding party's appointed
arbitrator. If the responding party refuses or neglects to appoint an arbitrator
within 30 days following receipt of the written arbitration demand, then the
demanding party may appoint the second arbitrator, but only after providing 10
days' written notice of its intention to do so, and only if such other party has
failed to appoint the second arbitrator within such 10 day period.

       (d)   The two arbitrators shall, before instituting the hearing, select
an impartial arbitrator who shall act as the umpire and preside over the
hearing. If the two arbitrators fail to agree on the selection of a third
arbitrator within 30 days after notification of the appointment of the second
arbitrator, the selection of the umpire shall be made by the American
Arbitration Association. Upon resignation or death of any member of the Panel, a
replacement will be appointed in the same fashion as the resigning or deceased
member was appointed. All arbitrators shall be active or former officers of
property/casualty insurance or reinsurance companies, or Lloyd's underwriters,
and shall be disinterested in the outcome of the arbitration.

       (e)   Within 30 days after notice of appointment of all arbitrators, the
Panel shall meet and determine timely periods for briefs, discovery procedures
and schedules for hearings. The Panel shall have the power to determine all
procedural rules for the holding of the arbitration, including but not limited
to the inspection of documents, examination of witnesses and any other matter
relating to the conduct of the arbitration. The Panel shall interpret this
Agreement as an honorable engagement and not as merely a legal obligation and
shall make its decision considering the custom and practice of the applicable
insurance and reinsurance business. The Panel shall be relieved of all judicial
formalities and may abstain from following the strict rules of law. The decision
of any two arbitrators shall be binding and final. The arbitrators shall render
their decision in writing within 60 days following the termination of the
hearing. Judgment upon the award may be entered in any court of competent
jurisdiction.

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       (f)   Except as otherwise provided herein, all proceedings pursuant
hereto shall be governed by the laws of the State of New York without giving
effect to any choice or conflict of laws provision or rule (whether of the State
of New York or any other jurisdiction) that would cause the application of the
laws of any jurisdiction other than the State of New York.

       (g)   The parties agree that any disputes subject to arbitration pursuant
to this Section 7 that may also be subject to arbitration proceedings between
respective affiliates of the parties shall be consolidated with and subject to
arbitration pursuant to this Section 7. The parties further agree that all
issues that are limited to a specific foreign jurisdiction under an agreement
between the respective affiliates of the parties shall be determined by this
Panel pursuant to the consolidation, in reference to the governing law of the
applicable agreement.

       (h)   Each party shall bear the expense of its own arbitrator and shall
share equally with the other party the expense of the umpire and of the
arbitration.

       (i)   Arbitration hereunder shall take place in New York, New York unless
the parties agree otherwise.

8.     ASSIGNMENT.

             Neither this Agreement nor the rights or obligations hereunder
shall be assignable by either party hereto, by operation of law or otherwise,
without the prior written consent of the other party hereto, and any purported
assignment shall be null and void. Subject to the foregoing, this Agreement
shall inure to the benefit of and be binding upon the parties hereto and their
respective successors and assigns.

9.     ENTIRE AGREEMENT.

             This Agreement constitutes the entire agreement, and supersedes all
prior agreements and understandings (oral and written), by and among the parties
hereto with respect to the subject matter hereof.

10.    NO THIRD PARTY RIGHTS.

             Nothing contained in this Agreement, express or implied,
establishes or creates, or is intended or will be construed to establish or
create, any right in or remedy of, or any duty or obligation to, any third
party.

11.    NOTICES.

             All notices, requests, claims, demands, and other communications
hereunder will be in writing and shall be deemed to have been duly given if
delivered by hand (with receipt confirmed), or by certified mail, postage
prepaid and return receipt requested, or by facsimile addressed as follows (or
to such other address as a party may designate by written notice to the others)
and shall be deemed given on the date on which such notice is received:

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       If to RenaissanceRe:

             RenaissanceRe Holdings Ltd.
             Renaissance House
             8-12 East Broadway
             Pembroke HM19 Bermuda
             Attention: Stephen H. Weinstein, General Counsel
             Facsimile: (441) 296-5037

       If to Platinum:

             Platinum Underwriters Holdings, Ltd.
             Clarendon House
             2 Church Street
             Hamilton HM 11
             Bermuda
             Attn.: Michael E. Lombardozzi
             Facsimile: (441) 292-4720

12.    COUNTERPARTS.

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

13.    AMENDMENT; MODIFICATION.

             The parties may by written agreement, subject to any regulatory
approval as may be required, (a) extend the time for the performance of any of
the obligations or other acts of the parties hereto (b) waive any inaccuracies
in the documents delivered pursuant to this Agreement, and (c) waive compliance
with or modify, amend or supplement any of the agreements contained in this
Agreement or waive or modify performance of any of the obligations of any of the
parties hereto. This Agreement may not be amended or modified except by an
instrument in writing duly signed on behalf of the parties hereto.

14.    WAIVER.

             No failure by any party to take any action or assert any right
hereunder shall be deemed to be a waiver of such right in the event of the
continuation or repetition of the circumstances giving rise to such right,
unless expressly waived in writing.

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15.    SEVERABILITY.

             To the extent any provision of this Agreement shall be invalid or
unenforceable, it shall be considered deleted herefrom and the remaining
provisions of this Agreement shall be unaffected and shall continue in full
force and effect.

16.    HEADINGS.

             Headings contained in this Agreement are for reference purposes
only. They shall not affect in any way the meaning or interpretation of this
Agreement.

17.    CONDITION PRECEDENT.

             The closing of the initial public offering of common stock of
Platinum is a condition precedent to the effectiveness of this Agreement and the
rights, duties and obligations of the parties hereunder.

18.    INDEMNIFICATION.

             (a) Platinum unconditionally agrees to indemnify and hold harmless
RenaissanceRe, Reniassance and each of its officers, directors, employees,
representatives, agents, affiliates and successors (each, an "Indemnified
Person"), from and against any and all liabilities of, costs incurred by
(including, without limitation, reasonable fees and expenses, including
reasonable counsel fees and expenses), or damages to any Indemnified Person
arising under or resulting from or in connection with, or in any way related to,
this Agreement and the transactions and services contemplated hereby
(collectively, "Losses"), including such Losses incurred by third parties for
which any Indemnified Person may be liable; provided, however, there shall be
excluded from such indemnification any such liabilities, costs or damages that
arise out of, or are based upon, any action or failure to act by RenaissanceRe,
Renaissance or their respective directors, employees, representatives, agents,
affiliates or successors, other than an action or failure to act undertaken at
the request of Platinum, that is found in a final judicial determination to
constitute bad faith, willful misconduct or gross negligence on the part of such
party.

             (b) An Indemnified Person who is claiming indemnification from
Platinum pursuant to the provisions of 18(a) above, shall promptly deliver a
written notification of each claim for indemnification, accompanied by a copy of
all papers served, if any, and specifying in detail the nature of, basis for,
and estimated amount of the claim for indemnification to Platinum (the
"Indemnifying Person"). If an Indemnified Person fails to promptly notify the
Indemnifying Person, then the obligation to indemnify shall be reduced by the
amount of liability that is attributable to or becomes definite as a result of
the delay in notification. The Indemnifying Person shall have the right to
assume the defense of any matter for which a claim of indemnification is made
against it with counsel it selects, at its own expense. The Indemnifying Person
shall not, except with the consent of each Indemnified Person, which consent
shall not be unreasonably withheld or delayed, consent to the entry of any
judgment, or enter into any settlement, that does not include the giving by the
claimant or plaintiff to the Indemnified Person of a release from all liability
in respect to

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the claim or litigation. Each Indemnified Person shall cooperate in providing
information, formulating a defense or as otherwise reasonably requested by the
Indemnifying Person.

             (c) Each Indemnified Person shall provide written, detailed
statements to the Indemnifying Person, on a calendar monthly basis, of any
expenses, costs or other liabilities for which indemnification is claimed. The
Indemnifying Person shall reimburse such amounts within thirty (30) business
days of receiving any such statement or shall notify in writing the Indemnified
Person claiming indemnification if it denies liability and the reasons for the
denial.

19.    TERMINATION.

             This Agreement may not be terminated except as provided herein.
Notwithstanding the foregoing, either party may terminate this Agreement in the
event that the other is deemed impaired or insolvent by applicable regulatory or
judicial authorities or is the subject of conservation, rehabilitation,
liquidation, bankruptcy or other similar insolvency proceedings.

20.    OBLIGATIONS.

             RenaissanceRe shall cause Renaissance to perform each of
Renaissance's obligations under this Agreement and shall be responsible for any
breach by Renaissance of such obligations. Platinum shall cause the Company to
perform each of the Company's obligations under this Agreement and shall be
responsible for any breach by the Company of such obligations.

21.    SURVIVAL.

             The provisions of Sections 5, 6, 7, 8, 9, 10, 11, 12, 14, 15, 16,
18, 20 and 21 hereof shall survive termination of this Agreement.

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             IN WITNESS WHEREOF, the parties have caused this Agreement to be
executed and delivered by their duly authorized officers as of the date first
above written.

                                    RENAISSANCERE HOLDINGS LTD.

                                    /s/ John M. Lummis
                                    --------------------------------------------
                                    Name:  John M. Lummis
                                    Title: Executive Vice President and
                                           Chief Financial Officer

                                    PLATINUM UNDERWRITERS
                                    HOLDINGS, LTD.

                                    /s/ Jerome T. Fadden
                                    --------------------------------------------
                                    Name:  Jerome T. Fadden
                                    Title: President and Chief Executive Officer

                                       -9-<PAGE>

                                                                   EXHIBIT 10.1
                                  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 Craig A. Pisaris-Henderson ("Executive").

                                    RECITALS

         A. Executive is currently employed by FindWhat.com as its Chief
Executive Officer and President on the terms and conditions stated in an
Employment Agreement between FindWhat.com and Executive, dated March 16, 2001
(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 Executive
Officer and President 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 competently, diligently and effectively discharge all duties of Executive
hereunder. Executive shall not be prohibited from engaging in such business,
charitable, or other activities, including serving as a director or consultant
to other businesses, which activities do not violate the other provisions of
this Agreement and the Confidentiality, Non-Competition and Assignment
Agreement, dated March 16, 2001, between the Company and the Executive.

                  (c) The Executive shall be based out of the Company's Ft.
Myers, Florida office. If the Company decides to terminate operations in the
Fort Myers, Florida area,

<PAGE>

Executive shall not be required to relocate and, to the extent the Executive
cannot perform his duties hereunder from his home in Fort Myers, 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 $282,500 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) 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
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

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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; and (D) benefits, (including, without limitation health, life,
disability and pension) as if Executive were an employee during the Severance
Period.

                  (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);

                           (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

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                           (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),
provided, however, in the event of termination pursuant to item (iv) below
(termination by Executive during the Window Period), the payment set forth in
this item (B) shall be calculated and paid as follows: over a period of twelve
(12) months after such termination an amount equal to one (1) times the sum of
his (i) Basic Salary at the time of Termination, plus (ii) the Termination
Bonus; (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

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treated in accordance with Section 3 hereof and otherwise in accordance with the
terms of such plans and programs; and (D) benefits, (including, without
limitation health, life, disability and pension) as if Executive were an
employee during the Severance Period. 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 President 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; or
                  (vi)     a relocation of the Company's offices in Fort Myers,
                           Florida to a location more than 35 miles from the
                           current location.

                  (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 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 "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

                                       5
<PAGE>

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.

                  (i) 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.

                  (j) 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;

                           (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

                                       6
<PAGE>

                           (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 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;

                                       7
<PAGE>

                           (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 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

                                       8
<PAGE>

         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 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

                                       9
<PAGE>

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 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

                                       10
<PAGE>

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

and to the Company at:

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

                                       11
<PAGE>

         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.

         14. 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 March 16, 2001, 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.

                                        EXECUTIVE:

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

                                        FINDWHAT.COM

                                        By: /s/ Phillip R. Thune
                                           ---------------------------
                                        Its: COO & CFO
                                             ---------

                                       12

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