Document:

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EXECUTION COPY                                                      Exhibit 10.5

ASSET PURCHASE AGREEMENT

DATED: 27 November 2003

BETWEEN:

1.      Point Match Ltd. company organized and existing under the laws of Israel
        (company number 51-287406-6), having its principal place of business at
        Raul Wallenberg 2, Tel Aviv, Israel ("Seller"), and

2.      MatchNet (Israel) Ltd., a company organized and existing under the laws
        of Israel (company number 51-3458273), having its principal place of
        business at 22 Maskit St., Hertzelia 46733 Israel ("Purchaser").

        Together, Seller and Purchaser are "Parties" and each is a "Party."

WHEREAS

A.      The Seller is engaged in the business of dating in Israel and owns,
        certain assets, and wishes to sell some of such assets and to grant
        license to use certain other assets to Purchaser on the terms set forth
        herein below; and

B.      Purchaser wishes to purchase the assets mentioned above from the Seller,
        and to receive license to use certain other assets as mentioned above.

NOW THEREFORE, In consideration of the foregoing premises, the mutual; covenants
and agreements contained herein, and such other good and valuable consideration,
the Parties hereby agree as follows:

1.  Definitions

    When used in this Agreement, each of the following terms shall have the
meaning attributed to it below:

     1.1    "ADDITIONAL AGREEMENTS" means the agreements listed in Exhibit 1.1
            attached hereto.

     1.2    "ASSETS" means the goodwill related to the business of Online dating
            as herein defined. including Domain Names, the Purchased Trademarks,
            the Database, the Marketing Agreements and the Additional
            Agreements, as defined herein.

     1.3    "BANK FLOATING CHARGE" means a floating charge over all of the
            assets of the Seller in favour of Bank Otzar Hahayal in connection
            with a credit tine of the Seller of up to US$125,000.

     1.4    "CLOSING DATE" means the date which is 28 days after the Signing, or
            a subsequent date, as Purchaser will notify Setter in writing,
            provided however, that the Closing Date shall not be later than
            January 7, 2004.

     1.5    "DATABASE" means the database containing all of the data of the
            Members and Subscribers in the Website (including profiles, pictures
            and billing information).

     1.6    "DOMAIN NAMES" means the following registered domain names: cupid
            co. il and any other domain name used for Seller's online dating
            business, as set forth in Exhibit 1.6.

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     1.7    "MEMBER" means a person whose profile is contained in the Database.

     1.8    "MARKETING AGREEMENTS" means the marketing and placement agreements
            for the marketing, promotion and placement of the Website, set forth
            in Exhibit 1.8.

     1.9    "ONLINE DATING" means the provision of services via the Internet or
            other interactive media (other than IVR - Interactive Voice
            Response, provided that IVR shall not mean to include data displayed
            profile), whereby persons can create a profile (generally a
            classified ad-type listing populated with data provided by such
            person) in a database and search and contact other persons with
            profiles in that database, with the intent of meeting those other
            persons for romantic relationships.

     1.10   "SELLER'S MAJOR SHAREHOLDERS" means each of Mapal Communications
            Ltd., an Israeli company (company number 51-282151-3), Zion Madmon
            and Nimrod Lev.

     1.11   "SIGNING DATE" means the date on which this Agreement is signed.

     1.12   "SUBSCRIBER" means a member who has made at least one purchase from
            the Website.

     1.13   "SOFTWARE" shall mean all programming code source and object code
            relating to the Website.

     1.14   "PURCHASED TRADEMARKS" means all registered or unregistered
            trademarks and service marks associated with the Website, including
            all goodwill and common law rights arising therefrom all as listed
            in Exhibit 1.14, in the area of Online Dating.

     1.15   "RIGHT TO TRADEMARKS" means right to use, apply, register and own
            (to the extent possible under applicable law) the Trademarks in the
            area of Online Dating, including the grant of a perpetual, exclusive
            license to utilize the Trademarks in the agreed area.

     1.16   "TECHNOLOGY" means all systems and databases (apart from the
            Database), Software (including the search engine operated in the
            Website), algorithms and intellectual property (apart from
            Trademarks and Domain Names) that belong to the seller

     1.17   "WEBSITE" means the website located at the url www.cupid.co.il,
            which is currently owned and operated by the Seller.

2.  The Transaction.

    Upon and subject to the terms and conditions of this Agreement, the Parties
    agree as follows: (i) Seller shall sell to the Purchaser the Assets, and
    (ii) Seller shall assign to Purchaser certain Marketing Agreements and
    Additional Agreements, including all the rights and obligations relating to
    them except for obligations which arise prior to the Closing.

3.  Sale of Assets, Purchase Price.

     3.1    Upon Purchaser's receipt of the Purchase Price set forth in Section
            3.2, below, Purchaser purchases and the Seller transfers and sells
            to Purchaser any and all of the Seller's rights, title and interest
            in and to all the Assets, free of all pledges, liens, encumbrances,
            charges or security interests, or attachments or any third party
            rights.

     3.2    As consideration for the purchase of the Assets, the Purchaser shall
            pay the Seller the Purchase Price of US$5,700,000 Plus V.A.T as
            follows:

            3.2.1 The Purchaser shall pay the sum of US$2,000,000 three business
                  days following the execution of this Agreement to the Escrow
                  Account as set forth in Section 10, below (the "Escrow
                  Amount").

            3.2.2 The Purchaser shall pay the sum of US$3,700,000 plus the V.A.T
                  on the full amount of the Purchase Price to the Seller on the
                  Closing Date, as set forth in Section 3.2.2, below.

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4.  Excluded Assets.

    Except for the Assets which are expressly set forth in this Agreement to be
    transferred to Purchaser pursuant to this Agreement, the Purchaser shall not
    be entitled, and shall not receive any right in any other asset that belongs
    to Seller. Without derogating from the above, the following are expressly
    excluded from the Assets under this Agreement:

     4.1    All Seller's physical assets, including: servers, office equipment,

     4.2    The Technology and Software,

     4.3    All Seller's trademarks, other than the Purchased Trademarks.

     4.4    Any assets of Seller relating to the business of Seller in the areas
            other than that of Online Dating that is targeted to Israeli and/or
            Jewish users.

5.   Seller's Employees.

     The Parties acknowledge that following the Closing Date of this Agreement,
     Seller will terminate the employment of certain (or all) of its employees.
     The Purchaser shall reimburse Seller for 50% of Seller's costs, up to a
     maximum of US$45,000, for payment of severance and other benefits to such
     employees, at Seller's discretion.

6.   Closing.

     At 12:00 Israel time, on the Closing Date, the Parties shall convene in the
     offices of Seller's counsel, Zysman, Aharoni, Gayer and Co., at 52A
     Hayarkon Street, Tel Aviv, and shall perform the following simultaneously:

     6.1    Purchaser shall pay the Purchase Price, net of the amount paid into
            the Escrow Account (namely, $3,700,000), to the Seller, by Bank
            cheque, or wire transfer.

     6.2    By way of paying to Seller the Purchase Price net of the Escrow
            Amount, Purchaser confirms that all conditions to the closing have
            been met, and Seller completed all its obligations with respect to
            the closing.

     6.3    The Escrow Agent shall transfer the Escrow Amount to the Seller.

     6.4    Purchaser shall pay the Seller the V.A.T accompanying the full
            Purchase Price against delivery of V.A.T receipt (Heshbonit Mas).
            The Purchaser may, at its discretion, deliver to the Seller a cheque
            for the amount of the V.A.T due on the Purchase Price, such cheque
            to become due no later then one day before the date on which the
            Seller has to pay the V.A.T on the Purchase Price. The Seller and
            the Purchaser will cooperate in order that the Purchaser will
            receive back the V.A.T amount as soon as possible.

     6.5    Seller shall deliver to the Purchaser complete release and
            satisfaction, in a form satisfactory, to Purchaser, from Bank Otzar
            Hahayal releasing the Assets from any liens or encumbrances in
            relation to the Bank Floating Charge, subject to the receipt by the
            bank of US$125,000(the "Lien Amount").

     6.6    Seller shall provide the Purchaser a copy of the Database in the
            form and media as described in EXHIBIT 6.6 attached hereto.

     6.7    Seller shall provide Purchaser with a compliance certificate duly
            executed by an executive officer of Seller, in the form attached
            hereto as EXHIBIT 6.7.

     6.8    Seller shall deliver to Purchaser an irrevocable Power of Attorney
            to the attorney of the Purchaser empowering him to act on behalf of
            the Seller in order to complete the transfer of the Domain Names
            into the name of the Purchaser, in the form attached hereto as
            EXHIBIT 6.8:

     6.9    Seller shall deliver to Purchaser:

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           6.9.1  a signed application to the Trade Mark Registrar to amend the
                  specifications of all the Trademarks to exclude any use of the
                  Trademarks by Point Match for Online Dating in the form
                  attaches as EXHIBIT 6.9.1 in addition to a Letter of Consent
                  to use and register the Trademark for Online Dating in the
                  form attached as EXHIBIT 6.9.1B and

           6.9.2  Setter shall execute an Exclusive, perpetual, Non-Revocable
                  License to use the Trademarks under the relevant
                  classification for Online Dating and an application for a
                  license to be filed with the Registrar of Trademarks, both in
                  the form attached as EXHIBIT 6.9.2; and

           6.9.3  a perpetual, non-transferable, limited, non-exclusive licence
                  to utilise the Trademarks, together with Seller, in the area
                  of dating via cellular phones, in the form attached hereto as
                  EXHIBIT 6.9.3A, and an application for the registration of the
                  co-ownership of Seller and Purchaser in the Trademarks in the
                  Registrar of Trademarks in the form attached as Exhibit
                  6.9.3B.

     6.10   Seller shall deliver to the Purchaser an irrevocable Power of
            Attorney empowering Eitan Shmueli law office to act in the name of
            the Seller in order to execute and complete all necessary action in
            the Trademarks Registry Office to give effect to the transfer and
            registration of the all the rights to the Trademarks under section
            6.9 above, in the form attached hereto as EXHIBIT 6.10.

     6.11   Seller and Purchaser shall sign the required assignment, in a form
            acceptable to the parties Attorneys, for all Marketing Agreements,
            and the Additional Agreements, such assignments shall be attached as
            EXHIBIT 6.11 to this agreement. Each party shall receive an original
            signed copy of the assignments.

     6.12   Seller shall deliver to the Purchaser a signed application to the
            Registrar of Data Bases at the Office of Ministry of Justice, for
            the transfer of the ownership in the Database and an irrevocable
            Power of Attorney empowering Eitan Shmueli law office to act in the
            name of the Seller in order to perform all necessary actions to
            transfer the ownership of the Database, all as set forth in EXHIBIT
            6.12 attached hereto.

     6.13   Seller shall deliver to Purchaser an executed letter from Mapal; in
            the form attached hereto as EXHIBIT 6.13, under which Mapal
            guarantees that Seller shall not: (i) become insolvent, (ii) have a
            receiver or administrator appointed or (iii) shall not file a
            petition in bankruptcy, voluntarily or involuntarily, all for the
            period of 90 days from the Closing Date.

7.   Post-Closing Period.

     Following the Closing Date, for a period of up to 45 days, Seller shall
     co-operate with Purchaser and at Purchaser's request shall:

     7.1    Continue to operate the Website, utilising the Assets, at the
            Purchaser's direction, in the manner and with the same standard of
            care with which the Seller operated the Website prior to the
            execution of this Agreement, provided that Seller will not promote
            any long term purchases by Subscribers on the Website.

     7.2    Remit to Purchaser all revenues collected from operation of the
            Website for services and advertisements, provided after the Closing
            Date, after deduction of all costs incurred under Section 7.1 (that
            shall be determined, for the purpose of this Agreement to be 35,000
            US$ per each week of operation).

     7.3    Create a file of the Database in the form and media as described in
            EXHIBIT 6.6. If Purchaser need to amend or make other alterations
            in, the form and media of the Database, than Seller undertakes to
            co-operate with Purchasers needs and requirements.

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     7.4    Direct all Domain Names to the DNS servers as directed by purchaser.

     7.5    Cease all operation of the Website and as it is obligated to do so
            under Section 11.1 below (Non-compete) when directed by Purchaser,
            including the provision of written certification that all of the
            copies of the Database in its possession and which it knows to
            exist, other than those delivered to Seller, have been destroyed.

     7.6    The signature and delivery of power of attorney by the Seller as
            mentioned above will not relieve Seller from its obligations to
            perform any action necessary under law in order to complete the
            transfer of the Assets under this Agreement.

     7.7    Seller shall fully cooperate and assist to Purchaser in assigning
            the rights and obligations of the Members to Purchaser, including
            assignment of payments by credit cards.

     7.8    The Seller shall make reasonable best commercial efforts in order to
            assign the agreement between Seller and Teletel dated 29.1.2003 (the
            "TELETEL AGREEMENT"). In case such assignment shall not be
            completed, Seller shall give Teletel the necessary notification in
            order to terminate the Teletel Agreement, and Seller shall use best
            efforts in order to enable Purchaser to act under Seller's name and
            rights under the Teletel Agreement during sixty days from the
            Closing Date. Purchaser shall reimburse Seller for all its expenses
            under the Teletel Agreement during the said period of sixty days.

     7.9    Seller undertakes to fill the required applications in order to
            complete and execute the assignment of the ownership of the Domain
            Names to Purchaser.

8.   No Assumption of Liabilities Accruing Prior to Closing Date:
     Indemnification

     8.1    Seller acknowledges that Purchaser is not purchasing or assuming any
            liabilities, obligations or indebtedness of the Seller, or relating
            to the Assets, arising from any event prior to the Closing Date,
            other than the provision of Online Dating to Subscribers who have
            paid Seller for such services (the "EXCLUDED LIABILITIES"). Seller
            hereby agrees to pay, perform and discharge the Excluded
            Liabilities, and to defend, indemnify and hold Purchaser harmless
            from and against any and all claims, costs, expenses, liabilities or
            losses or damages, including attorneys' fees and court costs
            incurred by Purchaser relating to or arising out of the Excluded
            Liabilities, no matter when occurred. Without derogating from the
            above, the aggregate obligation to indemnify the Purchaser under
            this Section and this Agreement shall not exceed 100% of the
            Purchase Price.

     8.2    Subject to the terms and conditions of this Agreement, the Purchaser
            hereby agrees to defend, indemnify and hold Seller harmless from and
            against any and all claims, costs, expenses, liabilities or losses
            or damages, including attorneys' fees and court costs incurred by
            Seller relating to or arising out of the Assets which accrue
            following the Closing Date, other than any claims or liabilities
            that arise solely from Seller's own negligence in its operation of
            the Website following the Closing Date. The aggregate obligation to
            indemnify the Seller under this Section and this Agreement shall not
            exceed 100% of the Purchase Price.

9.   Due Diligence.

     During the period of 14 business days from the Signing (the "Due Diligence
     Period"), the Purchaser may conduct a due diligence examination of Seller's
     representations (the "Due Diligence Examination") that are mentioned in
     EXHIBIT 12.1 to this Agreement and any additional information, and/or
     documentation, and/or confirmation and/or verification in order to verify
     the representations in EXHIBIT 12.1 (the "Due Diligence Representations").
     To avoid any doubts it is clarified that the Due Diligence Examination
     shall be limited solely to the issues that are mentioned in EXHIBIT 12.1 to
     this Agreement and shall not refer to the Seller's representations as
     detailed in Section 12, below.

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10.  Escrow Agent and Terms of Escrow.

     10.1   Seller's attorney, Adv. Erez Aharoni and/or Adv. Shy Baranov shall
            act as an Escrow Agent (the "Escrow Agent") for the Escrow Amount
            according to the Escrow Agreement form, which is attached as
            Exhibit 10.1 to this Agreement (the "Escrow Agreement"). Escrow
            Agent shall deposit the Escrow Amount in a special account,
            designated for this purpose (the "Escrow Account").

     10.2   Subject to the provisions of the Escrow Agreement, in event the
            Purchaser fails to pay the Purchase Price (net of the Escrow Amount)
            at the Closing, for any reason other than a breach of the Due
            Diligence Representations, or a failure of Seller to perform its
            Closing obligations as set forth in Section 6 above (provided that
            such failure was not cured within ten,business days following the
            Closing Date), then the Seller shall be entitled to receive the
            Escrow Amount.

     10.3   The parties hereby acknowledge that the Escrow Amount shall be
            delivered to the Seller as liquidated damages, and the Seller shall
            not be required to prove any damages. The parties further
            acknowledge that the Escrow Amount reflects the anticipated real
            damages that the Seller will incur as a result of the fact that the
            Purchaser was exposed to the Setter's Assets.

     10.4   The Purchaser confirms that the procedure regarding the transfer of
            the Escrow Amount, as set forth in the Escrow Agreement, to the
            Seller has been determined by both parties in good faith and is
            reasonable under the circumstances of this Agreement.

     10.5   In the event of non-payment of the Purchase Price for a breach of
            the Due Diligence Representations, or a failure of Seller to perform
            its Closing obligations as set forth in Section 6, above, the
            Purchaser shall be entitled to the return of the Escrow Amount at
            its election plus any interest accrued on it, within 2 business days
            from the demand for its return.

11.  Non-Competition.

     11.1   The Seller agrees and covenants that it will not, during and for a
            period of three (3) years after the Closing Date, directly or
            indirectly, whether as principal, agent, stockholder, consultant,
            partner, member, or in any other capacity whatsoever, participate
            in, engage in, or be in any manner associated with the development,
            publishing, marketing, distribution, creation, licensing or sale of
            any venture in the area of online dating on the Internet that is
            aimed for Israeli and/or Jewish users, unless otherwise agreed
            between the Parties or their affiliates, in writing.

     11.2   In addition to Section 11.1 above, Seller undertakes to cause each
            of the Seller's Major Shareholders and Mr. Madmon Rami, to sign a
            non-competition letter (the "Seller's Major Shareholders
            Undertaking") in the form attached as Exhibit 11.2 to this
            Agreement, under which each of them, severally and not jointly
            agrees and covenants not to compete, directly or indirectly with the
            Purchaser, during and for a period of three (3) years after the
            Closing Date in the area of online dating on the Internet that is
            aimed for Israeli and/or Jewish users, unless otherwise agreed
            between the Parties or their affiliates, in writing. The Seller's
            Major Shareholders Undertaking shall include a financial investment
            in the area of online dating, or personals, on the Internet in
            excess of 5% of the beneficial interest of any company or venture.

     11.3   For the avoidance of doubt, the Seller and the Seller's Major
            Shareholders shall have no limitation whatsoever to act in areas
            that are not dating in the Internet that is targeted for Israeli
            and/or Jewish users.

     11.4   The Seller approves and undertakes to cause each of the Seller's
            Major Shareholders to approve in writing that they acknowledge
            and agree that because of the worldwide access of the Internet and
            World Wide Web, the provisions of Section 11 are reasonable with
            respect to the scope of restriction, duration and the geographic
            scope and are reasonably necessary to protect the value of the
            Assets.

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12.  Representations, Warranties and Covenants of Seller.

     The Seller represents and warrants that:

     12.1   Information regarding the Website and Seller Activities. The Seller
            represents that the information contained in EXHIBIT 12.1 attached
            hereto, is true and correct in all material respect.

     12.2   Organization of the Seller. The Seller is a corporation duly
            organized, validly existing, and in good standing under the laws of
            the State of Israel.

     12.3   Authorization of Transaction. The Seller has full power and
            authority (including full corporate power and authority) to perform
            its obligations hereunder. Without limiting the generality of the
            foregoing, as of the Closing Date, the board of directors of the
            Seller the shareholders of the Seller have duly authorized the
            transactions contemplated by the Agreement and their execution,
            delivery, and performance by Seller.

     12.4   Non-contravention. The Seller represents that the Closing of the
            transactions under this Agreement are subject to the release of the
            Bank Floating Charge and notification to the Register of Databases.
            Subject to the these, to the knowledge of the Seller, neither the
            execution and the delivery of this Agreement, nor the consummation
            of the transactions contemplated hereby, will (i) violate any
            constitution, statute, regulation, rule, injunction, judgment,
            order, decree, ruling, charge, or other restriction of any
            government, governmental agency, or court to which the Seller is
            subject or any provision of the charter or bylaws of the Seller or
            (ii) conflict with, result in a breach of, constitute a default
            under, result in the acceleration of, create in any Party the right
            to accelerate, terminate, modify, or cancel, or require any notice
            under any agreement, contract, lease, license, instrument, or other
            arrangement to which the Seller is a party or by which it is bound
            or to which any of its assets is subject, or result in the
            imposition of any security interest upon any of its assets, except
            where such would not have a material adverse effect on Seller or its
            operations. Subject to the above, in event the Seller was required
            to give any notice to, make any filing with, or obtain any
            authorization, consent, or approval of any government or
            governmental agency in order for the Parties to consummate the
            transactions contemplated by this Agreement, then such notices
            and/or consents and/or approvals were filed and/or obtained.

     12.5   Title to the Assets. Subject to the Bank Floating Charge, the Seller
            has good and marketable title to, or a valid leasehold interest in,
            the Assets being transferred to Purchaser and there is no, pledge,
            lien, encumbrance, charge, attachment, or other security interest
            ("Liens") therein. Without limiting the generality of the foregoing,
            the Seller has good and marketable title to all of the Assets to be
            acquired as part of this transaction, free and clear of any Lien or
            restriction on transfer.

     12.6   Legal Compliance. To the knowledge of the Seller, the Seller has
            complied with all applicable laws (including rules, regulations,
            codes, plans, injunctions, judgments, orders, decrees, rulings, and
            charges there under) by any governmental authority, and no action,
            suit, proceeding, hearing, investigation, charge, complaint, claim,
            demand, or notice has been filed or commenced against of any
            governmental authority alleging any failure so to comply.

     12.7   Intellectual Property. As used in this Section 12.7, "INTELLECTUAL
            PROPERTY" refers to trademarks, trade secrets, patents and patent
            rights, copyrights and applications for the foregoing, if any, for
            the Assets being purchased hereunder.

           12.7.1 The Seller owns all Intellectual Property necessary or
                  desirable for the operation of the Business as presently
                  conducted and as presently proposed to be conducted. Each Item
                  of Intellectual Property owned by the Seller with respect to
                  the purchased Assets immediately prior to the Closing
                  hereunder will be owned by the Purchaser immediately
                  subsequent to the Closing hereunder. The Seller has taken all
                  reasonable necessary and desirable action to maintain and
                  protect each item of Intellectual Property that it owns.

           12.7.2 To the knowledge of the Seller, the Seller has not interfered
                  with, infringed upon, misappropriated, or otherwise come into
                  conflict with any Intellectual Property rights of third
                  parties, and none of the stockholders of the Seller and the
                  directors and officers (and employees with responsibility for
                  Intellectual Property matters) of the

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                  Seller has ever received any such charge, complaint, claim,
                  demand, or notice alleging any such interference,
                  infringement, misappropriation, or violation (including any
                  claim that the Seller must license or refrain from using any
                  Intellectual Property rights of any third party). To the
                  knowledge of any of the stockholders of the Seller and the
                  directors and officers (and employees with responsibility for
                  Intellectual Property matters) of the Seller, no third party
                  has interfered with, infringed upon, misappropriated, or
                  otherwise come into conflict with any Intellectual Property
                  rights of the Seller.

           12.7.3 The Seller has not licensed any of its Intellectual Property
                  to any third party.

           12.7.4 to the knowledge of the Seller and with respect to each patent
                  or registration, which has been issued to the Seller with
                  respect to any of its Intellectual Property embodied in the
                  Assets:

                  12.7.4.1   The Seller possesses all right, title, and interest
                             in and to the item, free and clear of any lien,
                             license, or other restriction;

                  12.7.4.2   The item is not subject to any outstanding
                             injunction, judgment, order, decree, ruling, or
                             charge;

                  12.7.4.3   No action, suit, proceeding, hearing,
                             investigation, charge, complaint, claim, or demand
                             is pending or is threatened which challenges the
                             legality, validity, enforceability, use, or
                             ownership of the item; and

           12.7.5 To the knowledge of the Seller, none of the items of
                  Intellectual Property, which is part of the Assets is owned by
                  a third party and that the Seller uses pursuant to license,
                  sublicense, agreement, or permission.

     12.8   Contracts. With respect to the Assets, there are no contracts, which
            may adversely affect title to, or create a lien over such Assets in
            this transaction.

     12.9   Powers of Attorney. With respect to the Assets, there are no
            outstanding powers of attorney executed on behalf of Seller.

     12.10  Litigation. Except with respect to a NIS 50,000 law suit, the Seller
            is not (i) subject to any outstanding injunction, judgment, order,
            decree, ruling, or charge or (ii) a party or is threatened to be
            made a party to any action, suit, proceeding, hearing, or
            investigation of, in, or before any court or quasi-judicial or
            administrative agency of any federal, state, local, or foreign
            jurisdiction or before any arbitrator. The Seller has no reason to
            believe that any such action, suit, proceeding, hearing, or
            investigation may be brought or threatened against the Seller.

     12.11  Disclosure. To the knowledge of the Seller, the representations and
            warranties set forth above do not contain any untrue statement of a
            material fact or omit to state any material fact necessary in order
            to make the statements and information set forth above not
            misleading.

     12.12  Cooperation. Seller undertakes to cooperate with Purchaser, as
            reasonably necessary, in order to merge the database and interfaces
            required for the cellular projects as soon as possible.

13.  Representations,  Warranties and Covenants of Purchaser.

            The Purchaser represents and warrants that:

     13.1   Organization of the Purchaser. The Purchaser is a corporation duty
            organized, validly existing, and in good standing under the laws of
            Israel.

     13.2   Authorization of Transaction. The Purchaser has full power and
            authority (including full corporate power and authority) to
            perform its obligations hereunder. Without limiting the generality
            of the foregoing, as of the Completion Date, the board of directors
            of the Purchaser has duly authorized the transactions contemplated,
            by the Agreement and their execution, delivery, and performance by
            Purchaser.

     13.3   Non-contravention. Neither the execution and the delivery of this
            Agreement, nor the consummation of the transactions contemplated
            hereby, will (i) violate any

                                  Page 8 of 28
<PAGE>
EXECUTION COPY

            constitution, statute, regulation, rule, injunction, judgment,
            order, decree, ruling, charge, or other restriction of any
            government, governmental agency, or court to which the Purchaser is
            subject or any provision of the charter or bylaws of the Purchaser.
            Subject to a notification to the Register of Databases, the
            Purchaser does not need to give any notice to, make any filing with,
            or obtain any authorization, consent, or approval of any government
            or governmental agency in order for the Parties to consummate the
            transactions contemplated by this Agreement.

     13.4   Purchase of the Assets. The Purchaser is experienced in the fields
            in which it intends to utilize the Assets, has knowledge and
            experience in financial and business matters as to be capable of
            evaluating the merits and risks of purchasing the Assets.

     13.5   Capacity. The Purchaser has not proposed a compromise or arrangement
            to its creditors, has committed an act of liquidation or bankruptcy;
            has made a proposal or filed a notice to make a proposal to its
            creditors, has had any petition for a receiving order in liquidation
            or bankruptcy filed against it, has taken any proceeding with
            respect to a compromise or arrangement with its creditors, has taken
            any proceeding to have itself declared bankrupt or wound-up, has
            taken any proceeding to have a receiver appointed of any part of its
            assets, has had any receiver or other similar officer of the court
            take possession of any of its property, or has had any execution or
            distress become enforceable or become levied upon any of its
            material properties.

     13.6   The Purchaser covenants that it shall not engage with any of the
            Seller's employee's unless it received the Seller's approval in
            writing and in advance.

     13.7   Receipt of Due Diligence Documents. The Purchaser hereby
            acknowledges that, to the best of its knowledge, it received the Due
            Diligence Documents, as referred to in EXHIBIT 12.1 attached hereto.

           14A.   Co-operation in the area of dating via cellular in Israel. The
                  Parties agree to co-operate in the area of dating via the
                  cellular phones by way of forming a joint venture in which
                  each of the parties will hold 50% interest (including rights
                  under Section 6.9.3 above). None of the Parties shall be
                  entitled to act severally in the area of dating via the
                  cellular phones in Israel. In case one of the Parties wants to
                  leave the joint venture within three years from the Closing
                  Date, than the other Party shall have the option to purchase
                  the first party's interest in the joint venture in
                  consideration of US$ 20,000.

14.  Management of the Business Prior to Closing; Technical Cooperation by
     Seller. Prior to Closing, the Seller will not enter into any material
     transaction with regard to the Website and the Assets, unless agreed to by
     Purchaser, and will conduct the business of the Website on a regular basis
     without taking upon itself any material obligation or any change in the
     course of regular business. The Parties agree that Seller shall be entitled
     to sign an agreement with Pelephone during the said period for the benefit
     of both parties. The Purchaser will have the right to approve the
     agreement before signature. Seller shall allocate all necessary
     programming time and technical resources necessary to effect the Database
     deliveries required under Sections 6 and 7, above, as reasonably agreed
     between the parties' CTOs.

15.  Default by Seller: Remedies. The Seller will be in default under this
     Agreement if the Seller is in breach of (1) any of its material covenants
     contained in this Agreement if such breach is not cured to the reasonable
     satisfaction of Purchaser within ten (10) days after notice of such breach
     if such breach may be cured within such time, or a reasonable period of
     time thereafter as such is required to cure same or (ii) any of the
     material representations or warranties of the Seller contained in this
     Agreement. In the event of any default hereunder by the Seller, Purchaser
     shall give written notice to the Seller and Seller shall have ten (10) days
     to cure said default prior to Purchaser's taking action to enforce its
     rights. It is clarified that a breach of the Due Diligence Representations
     may be cured under this Section.

                                  Page 9 of 28
<PAGE>
EXECUTION COPY

16.  Default by Purchaser, Remedies. if Purchaser (a) fails to observe or
     perform, other than due to a material default or material breach by the
     Seller, any of its covenants or obligations contained in this Agreement and
     such failure or breach is not cured or commenced to be cured within ten
     (10) days of notice from the Seller of such failure or breach or (b)
     breaches any of its representations or warranties contained herein,
     Purchaser shall be in default. In the event of any such default or failure
     hereunder, Seller shall give written notice to Purchaser and Purchaser
     shall have ten (10) days to cure said default or failure prior to Seller's
     taking action to enforce its rights.

17.  Proprietary Rights. Unless expressly referred to, nothing in this Agreement
     shall cause the Seller to acquire any right, title, or interest in or to
     any copyrights, trademarks, service marks, trade secrets, patents or other
     intellectual property rights of Purchaser, or to acquire or retain any
     rights to the Assets, after the Completion Date. Unless expressly referred
     to, nothing in this Agreement shall cause the Purchaser to acquire any
     right, title, or interest in or to any copyrights, trademarks, service
     marks, trade secrets; patents or other intellectual property rights of
     Seller, or to acquire or retain any rights to them prior to the Closing.

18.  Confidentiality. The terms and conditions of this Agreement (including its
     financial terms) shall be confidential and shall not be disclosed by either
     Party without the other Party's prior written consent. After Closing the
     Agreement, on time mutually agreed by the parties, the parties shall issue
     a joint press release with respect to the Agreement, such press release
     will be attached to this Agreement as EXHIBIT 18, when taking into account
     that Purchaser is subject to the law and/or the Rules and Regulations of
     the Frankfurt Stock Exchange (the "Rules"), and Seller hereby agrees to
     cooperate with Purchaser insofar as any other press release or other
     notifications required by the Rules. Purchaser undertakes to provide Seller
     with a draft of the press release mentioned above within seven days from
     the signing of this Agreement.

19.  Jurisdiction. This Agreement will be interpreted, construed and enforced in
     all respects in accordance with the taws of the State of Israel, The
     Parties irrevocably consent to the in-personam jurisdiction of the courts
     for the area of Tel Aviv-Yafo, and consent to service of process by
     certified mail at its respective address or addresses set forth in Section
     25, below.

20.  Attorneys' Fees. In the event of any controversy, claim or dispute between
     the parties hereto arising out of or relating to this Agreement or the
     interpretation, performance, or breach thereof, the prevailing party shall
     be entitled to recover from the other party reasonable expenses, outside
     attorneys' fees, and costs incurred therein or in the enforcement or
     collection of any judgment or award rendered therein.

21.  Broker's Fee. Both parties shall equally share Avner Parnas' broker's fee
     in a total amount equal to 1.5% (one and a half percent) of the Purchase
     Price, which shall be paid by both parties plus V.A.T, if necessary, on the
     Closing Date.

22.  Amendment Waiver. No modification of or amendment to this Agreement, or
     any waiver of any rights under this Agreement, will be effective unless in
     writing signed by the party to be charged.

23.  Waiver and Severability. No failure or delay on the part of either party in
     exercising any right or remedy hereunder will operate as a waiver thereof
     or any other provision. In the event that any provision of this Agreement
     is unenforceable or invalid, such unenforceability or invalidity will not
     render this Agreement unenforceable or invalid as a whole.

                                 Page 10 of 28
<PAGE>
EXECUTION COPY

24.  Headings. The section headings in this Agreement are inserted as a matter
     of convenience and in no way define, limit or describe the scope of such
     section or affect the interpretation of this Agreement.

25.  Entire Agreement. This Agreement, including any and all schedules and
     exhibits hereto, which are incorporated herein by this reference,
     constitutes the entire agreement between the parties with respect to the
     subject matter hereof. This Agreement supersedes, and the terms of this
     Agreement govern, any prior or collateral agreements, whether oral or
     written, with respect to the subject matter hereof with the exception of
     any prior confidentiality agreements between the parties.

26.  Notices. Any notice required or permitted to be delivered pursuant to this
     Agreement shall be in writing and shall be deemed delivered: (a) upon
     delivery if delivered in person; (b) three business days after deposit in
     registered or certified mail, return receipt requested, postage prepaid;
     (c) upon transmission if sent via telecopy, with a confirmation copy sent
     via overnight mail, provided that confirmation of such overnight delivery
     is received by the sender; (d) one business day after deposit with a
     national overnight courier, provided that confirmation of such overnight
     delivery is received by the sender; or (e) upon transmission if sent via
     e-mail, with a confirmation copy sent via overnight mail same day, provided
     that confirmation of such overnight delivery is received by the sender.

     Notices to Seller shall be           Notices to Purchaser shalt be
     delivered to:                        delivered to:

     Point Match Ltd                      MatchNet plc
     2 Raoul Wallenberg St.               8383 Wilshire Blvd., Suite 800
     Tel Aviv 69719, Israel               Beverly Hills, CA 90211 USA
     Attn: Zion Madmon or Nadav Palti     Attn: Joe Shapira
     Fax:972-3-7684142                    Fax: +1 323 836-3333
     E-mail: zion@pointmatch.com          E-mail: joe@matchnet.com
             nadav@mapal.co.it

     With a copy to:                      With a copy to:

     Adv. Shy Baranov                     Eitan Shmueli, Advocates
     Zysman, Ahroni, Gayer - Law Office   33 Jabotinsky Street
     Hayarkon, 52A                        Ramat Gan, Israel
     Tel Aviv  52511 Israel
     Fax: 03-7955510                      Fax: 03-6128632
     E-mail: shyb@zag-law.co.it           E-mail: Eitan@shaylaw.co.il

27.  Assignment. No party may assign, sublicense, transfer, encumber or
     otherwise dispose of this Agreement without the prior written approval of
     the other party, which will not unreasonably be withheld, except that
     either party may, without the other party's consent, assign this Agreement
     or any of its rights or delegate any of its duties under this Agreement:
     (a) to any affiliate of such party; or (b) to any purchaser of all or
     substantially all of such party's assets required for the performance of
     its obligations hereunder or to any successor by way of merger,
     consolidation or similar transaction. Any attempted assignment, sublicense,
     transfer, encumbrance or other disposal of this Agreement by either party
     in violation of this provision will be null and void and shall constitute a
     material default and breach of this Agreement. In such event, the
     non-assigning party's sole remedy shall be termination of this Agreement
     within 45 days after such party receives notice of such violation. Except
     as otherwise

                                 Page 11 of 28
<PAGE>
EXECUTION COPY

     provided, this Agreement will be binding upon and inure to the benefit of
     the parties' successors and lawful assigns. .

28.  Relationship. Purchaser and Seller are independent contractors and neither
     party is the legal representative, agent, joint venture, or employee of the
     other party for any purpose whatsoever. Neither party hereto has any right
     or authority to assume or create any obligations of any kind or to make any
     representation or warranty on behalf of the other party, whether express or
     implied.

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

30.  Facsimile Signatures. Any signature page delivered by a fax machine or
     telecopy machine shall be binding to the same extent as an original
     signature page, with regard to any agreement subject to the terms hereof or
     any amendment thereto. Any party who delivers such a signature page agrees
     to later deliver an original counterpart to any party who requests it.

31.  Stamp duty. The Parties will share equally the stamp duty on this
     Agreement, if any.

IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the
Effective Date.

POINT MATCH LTD.:                      MATCHNET [ISRAEL] LTD:

By: /s/ Ilon Madmon /s/Illegible       By: /s/ Joe Shapira
   -----------------------------           -------------------------------------
Name: Zion Madmon      Illegible       Name:  Joe Shapira
      --------------------------              ----------------------------------
Title: Chairman                        Title: Chairman
       -------------------------              ----------------------------------

                                 Page 12 of 28
<PAGE>
EXECUTION COPY
--------------

                                  Exhibit 1.1

                             Additional Agreements

Attached

                                 Page 13 of 28
<PAGE>
27/11/03                                                    ADDITIONAL AGREEMENT

<Table>

<Caption>
??????    GENERAL             VALID THROUGH  ??????          ??????              ??????
<S>       <C>                 <C>            <C>             <C>                 <C>

Folder    Tamar Mozes         16.12.2005     no              no                  Rental agreement 4023$ for 223.5 meter. 18$ for 1
                                                                                 meter rental and maintenance. 100$ for each
                                                                                 parking.

Mapal     BezeqKol            the rental     depended to    30 and written      Telecom agreement, which is related to the rental
                              agreement      the rental                          agreement.

yes       Darset Productions  Payments till    no            no                  2,000$ Remaining for payment in 2004
                              16.3.2004
          ???????????         VALID THROUGH    ????????      ???????             ????????????

Folder    INFORU-Shamir       current          yes           60 and written      SMS Interface extermerly important for system and
                                                                                 users
</Table>

                              Additional Agreement
<PAGE>
EXECUTION COPY

                                  Exhibit 1.6

                                  Domain Names

Attached

                                 Page 14 of 28

<PAGE>
26/11/03                          CUPID DOMAIN

cupid.co.il
cupidon.co.il
kupid.co.il

                                  Cupid domain

<PAGE>
EXECUTION COPY

                                  Exhibit 1.8

                              Marketing Agreements

                                    Attached

                                 Page 15 of 28

<PAGE>
26/11/03                      MARKETING AGREEMENT

<Table>
<S>       <C>            <C>                   <C>            <C>
Where?    MARKETING      VALID THROUGH         PAUSABLE?      DAYS FOR NOTICE
Folder    YNET-Yedioth   Limited Advertising   Re-settle      Re-settle
Folder    Gan Oranim     31.8.2004             Basically No
</Table>

                              Marketing Agreement

<PAGE>
26/11/03                      MARKETING AGREEMENT

REMARKS
50,000$ IN YEDIOTH ADS REMAINING - Letter of November 27, 2003
1,000$ Advertising Space Every Month. Possible to pay back partially.

                              Marketing Agreement
<PAGE>
EXECUTION COPY

                                  Exhibit 1.14

                              Purchase Trademarks

Attached

                                 Page 16 of 28
<PAGE>
                          Registered Trademark Details

                                 [JCupid LOGO]

                        Trade Mark No.           149347

Application Date:   21/05/2001          class 42

Providing and information in the fields of matching between offer and demand,
social introductions and matchmaking, including by means of computerized data
base, and/or global computer network, all included in class 42.

Point Match Ltd.

Petach Tikva

Registration of this mark shall give no right to the exclusive use of the letter
J separately, but in the combination of the mark.

Address for service:

     Zysman, Aharoni, Gayer and Co. Adv.
     52-a Hayarkon Street
     Tel Aviv

Date of Publication:     31/05/2002

Date of Register:        03/09/2002
<PAGE>
                          Registered Trademark Details

                        Trade Mark No.           143107

Application Date:   10/10/2000          class 42

Providing services and information in the fields of fitness between offer and
demand, social introductions and matchmaking, including by means of computerized
data base, and/or global computer network; all included in class 42.

Point Match Ltd.

Petach Tikva

Address for service:

     Zysman, Aharoni, Gayer and Co. Adv.
     52-a Hayarkon Street
     Tel Aviv

Date of Publication:     31/01/2002

Date of Register:        03/05/2002
<PAGE>
                          Registered Trademark Details

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

     Trade Mark No.    143106
Application Date:   10/10/2000          class     35

Management of data bases, in the Internet and communication media, in the field
of social introductions, matchmaking and love; all included in class 35.

Point Match Ltd.
Petach Tikva

Address for service:
     Zysman, Aharoni, Gayer and Co. Adv.
     52-a Hayarkon Street
     Tel Aviv
Date of Publication:     31/03/2002
Date of Register:        02/07/2002
--------------------------------------------------------------------------------

<PAGE>
                          REGISTERED TRADEMARK DETAILS

                                  [CUPID LOGO]

        Trade Mark No.              149348
Application Date:   21/05/2001                         class 9
Providing services and information in the
fields of matching between offer and
demand, social introductions and
matchmaking, including by means of
computerized data base, and/or global
computer network.

Point Match Ltd.
Petach Tikva

Address for service:
     Zysman, Aharoni, Gayer and Co. Adv.
     52-a Hayarkon Street
     Tel Aviv
Date of Publication:                 31/01/2002
Date of Register:                    03/05/2002
<PAGE>
EXECUTION COPY

                                  Exhibit 6.6

      form and media of transfer of the Purchaser a copy of the Database

Attached

                                 page 17 of 28
<PAGE>
11/27/2003 5:08 PM

1.  CUPIDON EXPORT SPECS

2.  PROFILE DATA

3.  PROFILE

4.  For each unique subscode, one row will be exported.

5.  Each row will have as it's first column the unique subscode for that member.

6.  Field values will be mapped according to attached Excel spreadsheet and
    include only values in the export format enumeration or null.

7.  Text values will be properly escaped quoted clean of control characters in
    the text.

8.  Password will appear in plain text

9.  Fields which exist in Cupidon but are not present in Matchnet mapping
    specifications will be exported with values as stored in Cupidon. For these
    fields, A value-to-meaning documentation will be provided by Pointmatch.

10. Meanings will be most up to date meanings as presented currently to cupidon
    users, both in Hebrew and English.

11. SMS supporting data will be provided according to attached Excel
    spreadsheet.

12. Pelephone specific data will be provided according to attached Excel
    spreadsheet.

13. Search criteria will be exported in a separate table. Each value for
    multiple select items will be exported as the sum of the values according to
    the mapping for that attribute as specified above. (that is, checkboxes will
    be combined to form a single numeric value, the sum of the values from
    Cupidon after mapping).

14. Visibility preferences will be exported in a separate table.(reverse filter)

15. PHOTOS

16. "subspics" table will be represented according to attached Excel
    spreadsheet.

17. Only full size photos will be provided.

18. Files will be exported in Windows file storage media.

19. All files should be in jpeg format.

20. Only approved photos will be provided.

21. MATCHES

22. A list of subscodes of member who where already sent by the matching agent
    will be exported in a separate table. The list will include the subscode of
    the recipient and the subscode of the matching person who was sent to the
    recipient on each row.

23. PURCHASE DATA

24. Token purchase data will be provided.

25. Token balance per subscode will be provided.

26. All New subscription purchase and product data will be provided.

27. All renewal of subscription will be provided.

28. All SMS purchase data will be provided.

29. SMS balance per subcode will be provided.

30. Credit card data will be represented in plain text string format.

31. Blacklisted credit card identification data will be provided.
<PAGE>
32.  CONTACT DATA
33. Contact information between members will be exported according to the format
    in attached Excel spreadsheet.
34. Each communication transaction will be exported on a separate line.
35. Message text between the members will be exported. A message from member A
    to member B will be exported on one line. A reply or message from member B
    to member A will be exported on another line. Each line will include the
    sender's subscode, the recipient's subscode, the time and date on which it
    was sent and the text of the message.
36. Message content will be represented in 4 columns: Text message, Phone number
    (as string), Photo, Email address. That is, the export of a message record
    will include the attached contact information (if such was included with
    the message) in plain text in addition to the message text itself.
37. A channel of communication table will be exported representing who paid or
    sponsored the communication channel. This will help in resolving money
    issues if they arise. The Subspend table will be exported according to the
    format in the attached Excel spreadsheet.
38. "Tease" data will be exported according to the format in the attached Excel.
39. SMS communication data will be exported.
40. All other communication data will be exported as well.

41.  TRANSFER FORMAT
42. Data will be exported in the form of a Microsoft SQL Server 2000 database
    file.
43. Both Hebrew and English characters will be represented in Unicode. Database
    format NVARCHAR of appropriate length.
44. Date and time data will be represented in long date format: YYYY-MM-DD
    hh:mm:ss for example 2003-02-25 13:45:03 will represent February 25, 2003 at
    1:45 pm + 3 seconds. This format will be used regardless of the accuracy to
    which Pointmatch currently saves dates. If minutes and seconds are not
    stored then 00:00 will be represented.
45. 0 length strings will be represented as null values. Strings containing
    nothing but white space will be considered 0 length strings.
46. Only valid values will be represented. Values which are out of range or not
    valid within the fields format or set of meaningful values will be
    represented as null.
47. Numeric values will be represented as follows:
         i.   Integers will include digits only. Example: 1234
         ii.  Fractions will include a single period (.) as decimal separator.
              Example: 3.14
         iii. Negative numbers will be preceded by the minus sign (-).
48. Boolean values, regardless of how they were stored in the original database,
    will be represented in 1 or 0. 1 shall mean true, and 0 representing false.
49. Encrypted values will be represented in decrypted plain text.
50. Columns which are not in use by Cupidon will not be exported.
51. Whenever "As is" is mention in Excel, the data will be represented according
    to the data formatting guidelines herein.
52. In addition to the specific format specified for export, and
    non-withstanding any other specification herein, the full database will be
    provided in SQL Server 2000.

53.  AFFILIATE SUPPORT
54. List of known search banners / search form hosts will be exported.
55. List of landing pages, the supported URL's given to third parties and the
    nature of the content and functionality they support will be provided.
56. List of co-branded sites supported (Portals), along with any special
    functionality they provide will be documented and provided.

<PAGE>
11/27/2003 5:08 PM

57.  EXTRA DICTIONARIES
58. Country list will be exported with corresponding country ID's used by
    Cupidon
59. State list in US and Canada will be exported with corresponding state ID's
    used by Cupidon

60.  PROTOCOLS AND SPECS

61.  SMS

62. A fully documented SMS API will be delivered. It will include both design
    specs and the actual communication protocol with the SMS provider (Shamir)
63. Any other data regarding SMS will be delivered.

64.  PELEPHONE
65. A fully documented API will be delivered.
66. The full spec of the "mini website", which is the set of web pages built
    specifically to support the InfoGin appliance and the Pelephone initiative
    will be provided.

67.  ORANGE
68. A fully documented API will be delivered, representing the most up to date
    specifications and API in development for that initiative.

69.  CELLCOM

70. A fully documented API will be delivered, representing the most up to date
    specifications and API in development for that initiative.

71.  EXPECTED TRANSFER PROCESS

72. Upon signing, all proprietary data and specs relating to site operations,
    user data and processes, which were withheld as proprietary will be released
    to Matchnet.
73. A full schedule of delivery will be developed jointly by Matchnet and
    Pointmatch personel.
74. After signing, Pointmatch will deliver sample data according to the
    specifications in the attached Excel spreadsheet and the methods specified
    in this document. Such sample should be substantial in size and allow
    testing on a large scale the impact and spectrum of Pointmatch membership
    data in Matchnet sites.
75. Sample data will be processed by Matchnet and any corrections of
    modification will be communicated and resolved with Pointmatch personel.
76. Before closing, and upon completion of Matchnet integration work of
    substantial scale data, a full export of then current Pointmatch databases
    will be provided, including photo files.
77. Upon closing, the remainder of new or approved files which were not exported
    initially will be provided.
78. Upon closing, the remainder of data accumulated or modified since the
    previous data export will be provided to Matchnet.

<PAGE>
Export the following data in 1 row per subscode.

<Table>
<Caption>
CUPIDON FIELD           MATCHNET FILED                     EXPORT SPEC
<S>                     <C>                                <C>                                          <C>
SUBSCODE                int                                as is
USER NAME               LoginName                          As is                                        login user name not for
PASSWORD                Password                           As is
CURRPOINTS              TokenBalance                       As is
SUBS.DATE               InsertDate                         DateTimeFormat
LASTVISIT               LastLogonDate                      DateTimeFormat
EDATE                   SubscriptionEndDate                DateTimeFormat
PORTALCODE              portalcode                         as is
UPDATETEXTMESS          NeedsEssayTextApprovalFlag         as is                                        flag essays need approv
UPDFREETEXTDATE         NeedsShortTextApprovalFlag         as is                                        flag short texts need app
CURRSMS                 SMSBalance                         as is
WHOISCELLTELL           WhichPhoneisCell                   As is integer
FIRSTNAMEENG            FirstNameEN                        As is
FIRSTNAMEHEB            FirstNameHE                        As is
LASTNAMEENG             LastNameEN                         As is
LASTNAMEHEB             LastNameHE                         As is
BCOUNTERCODE           BirthCountryRegionID               As is integer
BIRTHDATE               BirthDate                          DateTimeFormat
COUNTRYCODE             Country                            As is integer
STATECODE               StateUSCanada                      As is integer                                US Canada state
CITY                    City                               Name in English of city outside of Israel
CITYCODE                CityID                             As is integer
CITYHEB                 israelCityHE                       Name of Place in Israel in Hebrew
ISRAEL CITY ENGLISH     israelCityEN                       Name of Place in Israel in English
ZIP                     ZipCode                            As string
EMAIL                   Email                              As is
FAMSTATCODE             MaritalStatus                      Integer according to mapping below
NOCHILDCODE             ChildrenCount                      Integer according to mapping below
RELIGIONCODE            Religion                           Integer according to mapping below
RELIGCODE               JDateReligoin                      Integer according to mapping below
BODYSTRUCTCODE          BodyType                           Integer according to mapping below
HEALTHCODE              Health                             Integer according to mapping below
GENLOOKSCODE            Looks                              Integer according to mapping below
HEIGHT                  Height                             as is  integer in CM
</Table>
<PAGE>

EXECUTION COPY

                                  Exhibit 6.7

                             Compliance certificate

Attached

                                 Page 18 of 28
<PAGE>

                             COMPLIANCE CERTIFICATE

December __, 2003

To:
MatchNet (Israel) Ltd.,
22 Maskit St.,
Herlzelia 46733
Israel

Ladies and Gentlemen:

Pursuant to Section 6.7 of that certain Asset Purchase Agreement (the "PURCHASE
AGREEMENT") by and among Match Point Ltd. (the "SELLER") and MatchNet (Israel)
Ltd., (the "PURCHASER") dated November __,2003, the undersigned hereby
certifies to the Purchaser that as of the date of Closing (as defined in the
Purchase Agreement):

1.   The representations and warranties made by the Seller in Section 12 in the
Purchase Agreement are true and correct on the date of the Closing, and there
was no material adverse effect in the Seller business results.

2.   All covenants, agreements and conditions contained in the Purchase
Agreement to be performed or complied with by the Seller at or prior to Closing
have been performed or complied with in all respects.

Very truly yours,

_____________________________

Zion Madmon
Chief Executive Officer
<PAGE>

EXECUTION COPY

                                  Exhibit 6.8

                        Power of Attorney - Domain Names

                        To be attached prior to signing

                                 Page 19 of 28

<PAGE>

Appendix # ____

IRREVOCABLE POWER OF ATTORNEY

KNOW ALL MEN BY THESE PRESENTS THAT We the undersigned Point Match Ltd. company
organized and existing under the laws of Israel (company number 51-287406-6),
having its principal place of business at Raoul Wallenberg 2, Tel Aviv, Israel,
hereby make, constitute and appoint, irrevocably:

                    ADVOCATE EITAN SHMUELI AND/OR ADVOCATE UDI
                    HACKER AND/OR ADVOCATE EFI ZILBER OF:  TWINS
                    TOWERS 1, 33 JABOTINSKI ST. RAMAT-GAN 52511
                    AND OR ADVOCATE ADAM KRAVITZ AND/OR
                    ADVOCATE DAN RHODES

Acting solely with full power of substitution, for it and in its name, place
and stead to do all or any of the following matters or things:

(1)To apply before the proper Registrar of Trademarks Registry, in Israel and/or
   any other state, to act in My name in order to execute and complete all
   necessary action to the purposes as follows:

     i.   To assign all our trademarks in the area of Online Dating, ("THE
          TRADEMARKS", as listed below), Exclusively and perpetually for and on
          behalf of MatchNet (Israel) Ltd., a company organized and existing
          under the laws of Israel (company number 51-3458273), having its
          principal place of business at 22 Maskit St., Herlzelia 46733 Israel
          ("MATCHNET"), singly. To that end, to apply for the recordal of
          transfer of title and ownership, and/or change of name and address and
          to take any steps necessary in order to affect the transfer of the
          Trademarks to MatchNet.

     ii.  To act in our name in order to execute and complete all necessary
          action to grant of a perpetual, exclusive license to utilize the
          Trademarks in the area of Online Dating on the name of MatchNet.

     iii. To assign all our trademarks in the area of dating via cellular
          phones, ("THE CELLULAR TRADEMARKS") for and on behalf of MatchNet,
          jointly with as. To that end, to apply for the recordal of transfer of
          title and ownership, and/or change of name and address and to take any
          steps necessary in order to affect the transfer of the Cellular
          Trademarks to MatchNet, jointly with as.

     iv.  To act in our name in order to execute and complete all necessary
          action to grant of a perpetual, non-transferable, limited,
          non-exclusive license to utilize the Cellular Trademarks on the name
          of MatchNet.

(2)To apply before the proper Registrar of Domain Names, in Israel and/or any
   other state, and/or the Israel Internet Association and/or any other
   association, to act in My name in order to execute and complete all necessary
   action to assign the domains name "Cupid.co.il" and "cupidon.co.il" and
   "kupid.co.il" and "Cupidmail.co.il" and "Cupidonmail.co.il" and
   "Kupidmail.co.il" (all: "THE DOMAINS NAMES") for and on behalf of MatchNet.
   To that end, the grantee is empowered to apply for the recordal of transfer
   of title and ownership, and/or change of name and address and to take any
   steps necessary in order to affect the transfer of the domain names to
   MatchNet.

                                       1

<PAGE>

Appendix # ____

(3) To apply before the proper Registrar of data bases, in Israel and/or any
    other state, to act in My name in order to execute and complete all
    necessary action to assign the ownership of all the Database as such term
    defined below for and on behalf of MatchNet. To that end, the grantee is
    empowered to apply for the recordal of transfer of title and ownership,
    and/or change of name and address and to take any steps necessary in order
    to affect the transfer of the domain names to MatchNet.

(4) To demand, sue for, collect, and receive all right, money, debts, accounts,
    legacies, bequests, interest, dividends, annuities, and demands, as detailed
    in the Asset Purchase Agreement between MatchNet (Israel) Ltd. and Point
    Match Ltd. dated November 27, 2003 and transfer them to MatchNet, as are now
    or shall hereafter become due, payable, or belonging to principal, and take
    all lawful means, for the recovery thereof and to compromise the same and
    give discharges for the same.

(5) Definitions:

    i.    "ONLINE DATING" means the provision of services via the Internet or
          other interactive media (other than IVR - Interactive Voice Response,
          other than data displayed profile), whereby persons can create a
          profile (generally a classified ad-type listing populated with data
          provided by such person) in a database and search and contact other
          persons with profiles in that database, with the intent of meeting
          those other persons for romantic relationships.

    ii.  "DATABASE" means the database containing all of the data of the Members
          and Subscribers in the Website (including profiles, pictures and
          billing information).

    iii. "TRADEMARKS" any of the following:

          1.  Cupid, word and device in Class 9 Reg. No 149348

          2.  CUPIDON, word only in class 35 Reg. No 143106

          3.  CUPIDON, word only in class 42 Reg. No 143107

          4.  Jcupid, word and device in class 42 Reg. No 149347

In witness whereof, this document is subscribed at ____________________, on the
____ day of the month of ___________, two thousand and three.

                                        For:

                                       2
<PAGE>
EXECUTION COPY

                                 Exhibit 6.9.1A

          a signed application to the Trade Mark Registrar to amend the
          specifications of all the Trademarks to exclude any use of the
          Trademarks by Point Match for Online Dating.

          To be attached within 14 days of the Signing.

                                 Page 20 of 31

<PAGE>
EXECUTION COPY

                                 Exhibit 6.9.1B

    a Letter of Consent to use and register the Trademark for Online Dating

                 To be attached within 14 days of the Signing.

                                 Page 21 of 31
<PAGE>
EXECUTION COPY

                                 Exhibit 6.9.2

License to use the Trademarks under the relevant classification for Online
Dating and an application for a license to be filed with the Registrar of
Trademarks

Attached

                                 Page 22 of 32
<PAGE>
                     EXCLUSIVE TRADEMARK LICENSE AGREEMENT

This Exclusive Trademark License Agreement ("AGREEMENT") is effective as of
the [ ] day of December, 2003 ("EFFECTIVE DATE") and is entered into by and
between:

1.        Point Match Ltd. company organized and existing under the laws of
          Israel (company number 51-287406-6), having its principal place of
          business at Raoul Wallenberg 2, Tel Aviv, Israel ("Point Match"), and

2.        MatchNet (Israel) Ltd., a company organized and existing under the
          laws of Israel (company number 51-3458273), having its principal place
          of business at 22 Maskit St., Herlzelia 46733 Israel ("MatchNet")

WHEREAS

A.        Point Match owns and uses the names and/or trademarks and any
          applications or registrations therefore as listed on Exhibit A
          attached hereto (collectively referred to as the "Marks"), in
          connection with its Internet-related services;

B.        MatchNet is in the business of offering global online dating services;

C.        MatchNet desires to use the trademarks listed in Exhibit A on the
          Online Dating area (Online Dating means the provision of services via
          the Internet or other interactive media (other than IVR - Interactive
          Voice Response, provided, however, that IVR shall not include data
          displayed profile), whereby persons can create a profile (generally a
          classified ad-type listing populated with data provided by such
          person) in a database and search and contact other persons with
          profiles in that database, with the intent of meeting those other
          persons for romantic relationships);

D.        Match Point is willing to permit such use of the Marks under the terms
          and conditions set forth in this Agreement.

NOW THEREFORE, THE PARTIES AGREE AS FOLLOWS:

1.   GRANT OF LICENSE.

1.1  GRANT OF LICENSE.
          1.1.1     Point Match hereby grants to MatchNet an exclusive,
                    perpetual, non-revocable, non-transferable, world wide
                    license to use the Marks in the title set forth solely for
                    use for Online Dating.

1.2  REPRESENTATIONS AND WARRANTIES BY POINT MATCH. Point Match hereby
represents and warrants to MatchNet that it has the right to grant the license
under Section 1.1 and that such grant does not infringe any third parties claims
or rights to the Marks and that the Marks are licensed free and clear of any
liens, encumbrances or any other charges.

1.3  RESERVATION OF RIGHTS. Point Match hereby reserves any and all rights for
the use of the Marks in connection with any goods and services that are not
Online Dating.

2.   LICENSE CONSIDERATION. For the rights granted to MatchNet herein, MatchNet
shall pay Point Match the consideration specified in more detail in the Asset
Purchase Agreement the parties have entered into on 27 November 2003 (the
"APA").

                                  Page 1 of 5
<PAGE>
3. USE OF THE MARKS.  Point Match agrees and consents to the use and
registration of the Marks by MatchNet under the Point Match's ownership in
classes 9, 35, 43 and 45 anywhere in the world with respect to Online Dating.
The provisions of this paragraph shall survive the expiration or termination of
this Agreement.

4. PROTECTION OF THE MARKS.

4.1 MATCHNET PROPER USE.  MatchNet agrees that use of the Marks shall only occur
in connection with the online dating service and shall be in strict compliance
with the terms of this Agreement. MatchNet may use the Marks as set forth in
Section 1.1 as well as in connection with the promotion of the Online Dating
existing in the world. MatchNet may not use the Mark in connection with, or for
the benefit of, any third party's products or services.

4.2 MATCHNET ENFORCEMENT RIGHTS.  Point Match hereby grants a non exclusive
right and power of attorney to bring legal proceedings in its own name without
prior notice to Point Match for any infringement of the Marks.

5. [DELETED]

6. TERMINATION

6.1  TERM AND TERMINATION.

This Agreement shall terminate upon one of the following:

(i)   Upon MatchNet's safe registration of the Marks in its own name under the
      international classification in Israel under classes 9, 35, 42 and 45; or

(ii)  MatchNet's written notice sent that MatchNet wish to terminate this
      Agreement.

(iii) Upon the issuance of Certificates by the Registrar of Trademarks
      confirming the amendments made to the specification of the Marks to
      exclude online dating services.

7.   GENERAL

7.1 GOVERNING LAW.  This Agreement will be interpreted, construed and enforced
in all respects in accordance with the laws of the State of Israel. The Parties
irrevocably consent to the in-personam jurisdiction of the courts for the area
of Tel Aviv-Yafo, and consent to service of process by certified mail at its
respective address or addresses set forth in Section 7.4, below.

7.2 ENTIRE AGREEMENT.  This Agreement constitutes the entire Agreement and
understanding between the parties and integrates all prior discussions between
them related to its subject matter. No modification of any of the terms of this
Agreement shall be valid unless in writing and signed by an authorized
representative of each party.

7.3 ASSIGNMENT.  MatchNet may assign any of its rights or delegate any of its
duties under this Agreement, or otherwise transfer this Agreement (by merger,
operation of law or otherwise) without the prior written consent of Point Match.
Any attempted assignment, delegation or transfer in derogation hereof shall be
null and void.

8.4 NOTICES.  Any notice required or permitted to be delivered pursuant to this
Agreement shall be in writing and shall be deemed delivered: (a) upon delivery
if delivered in person; (b)

                                  Page 2 of 5

<PAGE>
three business days after deposit in registered or certified mail, return
receipt requested, postage prepaid; (c) upon transmission if sent via telecopy,
with a confirmation copy sent via overnight mail, provided that confirmation of
such overnight delivery is received by the sender; (d) one business day after
deposit with a national overnight courier, provided that confirmation of such
overnight delivery is received by the sender; or (e) upon transmission if sent
via e-mail, with a confirmation copy sent via overnight mail same day, provided
that confirmation of such overnight delivery is received by the sender.

<Table>
<Caption>
NOTICES TO SELLER SHALL BE DELIVERED TO:   NOTICES TO PURCHASER SHALL BE DELIVERED TO:
<S>                                        <C>
Point Match Ltd                            MatchNet plc
2 Raoul Wallenberg St.                     8383 Wilshire Blvd., Suite 800
Tel Aviv 69719, Israel                     Beverly Hills, CA 90211 USA
Attn: Zion Madmon or Nadav Palti           Attn: Joe Shapira
Fax: 972-3-7684142                         Fax: +1 323 836-3333
E-mail: zion@pointmatch.com                E-mail: joe@matchnet.com
nadav@mapal.co.il

With a copy to:                            With a copy to:
Adv. Shy Baranov                           Eitan Shmueli, Advocates
Zysman, Ahroni, Gayer - Law Office         33 Jabotinsky Street
Hayarkon 52A                               Ramat Gan, Israel
Tel Aviv                                   52511 Israel
Fax: 03-8955510                            Fax: 03-6128632
E-mail: shyb@zag-law.co.il                 E-mail: Eitan@shaylaw.co.il
</TABLE>

8.5  WAIVER. Any waiver, either expressed or implied, by either party of any
default by the other in the observance and performance of any of the
conditions, covenants of duties set forth herein shall not constitute or be
construed as a waiver of any subsequent or other default.

8.6  HEADINGS. The headings to the Sections and Subsections of this Agreement
are included merely for convenience of reference and shall not affect the
meaning of the language included therein.

8.8  SURVIVAL. The provisions of Section 1.3 (Reservation of Rights), 4
(Ownership of Marks), and 8 (General) will survive any termination of this
Agreement.

8.7  INDEPENDENT CONTRACTORS. The parties acknowledge and agree that they are
dealing with each other hereunder as independent contractors. Nothing contained
in the Agreement shall be interpreted as constituting either party the joint
venture or partner of the other party or as conferring upon either party the
power of authority to bind the other party in any transaction with third
parties.

8.9  ATTORNEY'S FEES. In the event of any action, suit, or proceeding brought
by either party to enforce the terms of this Agreement, the prevailing party
shall be entitled to receive its costs, expert witness fees, and reasonable
attorneys fees and expenses, including costs and fees on appeal.

IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the
Effective Date.

POINT MATCH LTD.:                   MATCHNET [ISRAEL] LTD:

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

                                  Page 3 of 5

<PAGE>
Name:                                   Name:
       ---------------------------             ---------------------------
Title:                                  Title:
       ---------------------------             ---------------------------

Exhibit A: Licensed Point Match Trademarks

                                  Page 4 of 5

<PAGE>
                                   EXHIBIT A

                 LICENSED POINT MATCH TRADEMARKS (the "Marks")

Cupid, word and device in Class 9 Reg. No 149348

Cupid, word and device in Class 42 Reg. No 149349

Jcupid, word and device in class 9 Reg. No 149346

Jcupid, word and device in class 42 Reg. No 149347

CUPIDON, word only in class 9 Reg. No 143105

CUPIDON, word only in class 35 Reg. No 143106

CUPIDON, word only in class 42 Reg. No 143107

                                  Page 5 of 5

<PAGE>
EXECUTION COPY

                                 EXHIBIT 6.9.3A

          Licence to utilise the Trademarks, together with Seller, in the area
          of dating via cellular phones.

          To be attached within 14 days of the Signing.

                                 Page 23 of 32
<PAGE>
EXECUTION COPY

                                 EXHIBIT 6.9.3B

          An application for the registration of the co-ownership of Seller and
          Purchaser in the Trademarks in the Registrar of Trademarks in the area
          of dating via cellularphones.

          To be attached within 14 days of the Signing.

                                 Page 24 of 32
<PAGE>
EXECUTION COPY

Exhibit 6.10

          A Power of Attorney empowering with respect to the Trademarks Registry
          Office

See Exhibit 6.8

                                 Page 25 of 32
<PAGE>
EXECUTION COPY

Exhibit 6.11

                                Assignment forms

To be provided 14 days from signing

                                 Page 26 of 32
<PAGE>
EXECUTION COPY

                                  Exhibit 6.12

     An application to the Registrar of Data Bases;

     To be attached within 14 days of the Signing.

     and

     A Power of Attorney in connection with the transfer of the ownership of the
     Database.

     See Exhibit 6.8

                                 Page 27 of 32
<PAGE>
Execution Copy

Exhibit 6.13

                              Guarantee from Mapal

Attached

Page 28 of 32

<PAGE>
exhibit #___

                                                        __th December 2003

To:
MatchNet (Israel) Ltd.,
22 Maskit St.,
Herlzelia 46733
Israel

Dear Sirs,

Re: LETTER OF GUARANTEE

With regard to the ASSET PURCHASE AGREEMENT, between you and Point Match Ltd
(PM) dated ____ November 2003 (the "APA AGREEMENT"), we hereby agree and
undertake as follows:

1.   If either one of the following events occurs during the period of 90 days,
     commencing on Closing Date, as defined in the APA Agreement (the "EVENTS"):

     i.   PM becomes insolvent, or

     ii.  PM have a receiver or administrator appointed, or

     iii. A petition of bankruptcy, voluntarily or involuntarily, will be filed
          against PM, and the circumstances giving rise to the filing of such a
          petition were not cured within thirty days.

2.   And if in consequences of the occurrence of any of the Events, PM will not
     be able to execute its obligations under the APA AGREEMENT, we agree and
     undertake to defend, indemnify and hold you harmless from and against any
     and all damage, claims, costs, expenses, liabilities or losses, including
     attorneys' fees and court costs incurred by the occurrence of the Events.

3.   In the event payments due under this guarantee are not paid upon demand,
     then we shall pay all reasonable costs and solicitors fees necessary for
     the collection and enforcement of this guarantee.

4.   We warrant and represent that we have full authority to enter into this
     guarantee.

5.   This guarantee shall be binding upon and inure to the benefit of you, your
     successors and assigns.

       IN WITNESS whereof we have signed this guarantee on the date and year
       first above written

       _________________________
       Mapal Communications Ltd.
          an Israeli company
       (company number ________)

                                       1

<PAGE>
EXECUTION COPY
--------------

                                  Exhibit 10.1

                                Escrow Agreement

                                    Attached

                                 Page 29 of 32
<PAGE>
      November 2003
-----

To:  Adv. Erez Aharoni, Adv. And/or Adv. Shy Baranov
     52A Hayarkon Street
     Tel Aviv, Israel

Dear Sirs

Asset Purchase Agreement - Point Match Ltd., and MatchNet (Israel) Ltd.
Escrow Account: Account Number

This letter relates to the Escrow Account referred to in the agreement of the
same date as this letter made between Point Match Ltd. (the "SELLER") and
MatchNet (Israel) Ltd. (the "PURCHASER") (the "AGREEMENT"). Words defined in the
Agreement shall have the same meaning in this letter unless the context
otherwise requires.

1.    The Seller and the Purchaser have agreed pursuant to the Agreement that
      the Purchaser will pay into a bank account with the bank mentioned in
      clause 2(i) below the sum of US$2,000,000 (the "ESCROW AMOUNT") subject to
      the terms of this letter. This letter sets out the instructions to you as
      Escrow Agent ("ESCROW AGENT") in relation to the Escrow Amount.

2.    The Seller and the Purchaser hereby irrevocably instruct you:

                    (?)  to open an interest bearing account at [ ] (the "BANK")
                                     to              be designated
                         '                       '      ("ESCROW ACCOUNT"); and
                          -----------------------

                    (?)  upon receipt in the Escrow Account of the Escrow
                         Amount, to act as Escrow Agent upon the terms set out
                         in this letter.

3.    You shall not deal with the funds held at any time and from time to time
      in the Escrow Account including any interest accrued thereon except
      pursuant to this letter.

4.    You shall instruct the Bank to credit all interest earned from time to
      time on the funds held in the Escrow Account to the Escrow Account.

5.    The funds credited to the Joint Account from time to time are referred to
      in this letter as the "ESCROWED ASSETS".

6.    You shall pay the Escrowed Assets as follows:

6.1   To Seller, on the Closing Date, only after receiving from Purchaser;

6.1.1 An executed confirmation from Purchaser that the due diligence regarding
      the Due Diligence Representations has been satisfactory; and

6.1.2 An executed confirmation from Purchaser that Seller has delivered all of
      its Closing obligations as set forth in Section 6 of the Agreement.

6.1.3 If both documents set forth under Sections 6.1.1 and 6.1.2 are not
      received by you, as Escrow Agent, then under no circumstances, unless
      directed to by written instructions executed by the Seller

                                  Page 1 of 6
<PAGE>
        and the Purchaser, or ordered by a court of competent jurisdiction,
        shall you pay any Escrowed Assets to Seller.

6.2   To Purchaser, no later than 7 business days after receipt of a written
        request from Purchaser, stating that either:

6.2.1 Seller's Due Diligence Representations were breached; or

6.2.2 Seller has not delivered all of its Closing obligations as set forth in
        Section 6 of the Agreement.

6.3   In the event that within such 7 business days you receive a written
        notice, from Seller, stating that there is a dispute as to the
        occurrence (or non-occurrence) of the conditions set forth in Section
        6.2.1 or 6.2.2, then you shall not pay the Escrowed Assets to the
        Purchaser unless directed to by written instructions executed by the
        Seller and the Purchaser, or ordered to do so by a court of competent
        jurisdiction.

6.4   All responsibilities and obligations of the Escrow Agent under the terms
        of this Agreement shall terminate at such time as you shall have
        delivered to the Seller or the Purchaser the Escrow Amount pursuant to
        this Section 6. Such termination of the Escrow Agent's responsibilities
        and obligations shall not prejudice in any way or manner the your rights
        hereunder.

7.    You shall not be bound in any way by any agreement between the Seller and
        the Purchaser to which you are not a party (whether or not you have
        knowledge of such agreement) nor shall you be bound to enquire into or
        examine the merit of any claim or statement by the Purchaser or the
        Seller and your only duties and responsibility shall be to hold the
        Escrowed Assets and to invest and dispose of them in accordance with the
        terms of this letter and any instructions given in accordance with such
        letter or as may be ordered by a court of competent jurisdiction.

8.    You may (without checking the authority of such signature) rely on and
        shall be protected in acting or refraining from acting in accordance
        with any written notice, instruction or request furnished to you by the
        Purchaser and the Seller if signed on behalf of the Purchaser by any of
        the officers whose names and specimen signatures are set out on Exhibit
        1 to this letter under the heading "Purchaser's Signatories" and on
        behalf of the Seller by any of the persons whose names and specimen
        signatures are set out on the annexure to this letter under the heading
        "Seller's Signatories", and it shall not be necessary for you to enquire
        into the authority of any such signatory.

9.    This letter may be modified or amended only with the prior written consent
        of the Purchaser and the Seller which modification or amendment shall
        take effect accordingly unless the effect of such modification or
        amendment is to impose upon either of you any duty, obligation or
        liability (whether actual or prospective) to which you would not
        otherwise be subject, in which case such modification or amendment shall
        also require the consent of each of you. If the Purchaser and the Seller
        attempt to change this letter in a manner which either of you, in your
        sole discretion, deem undesirable, you may resign as Escrow Agent by
        notifying the Purchaser and the Seller in writing; otherwise, you may
        resign as Escrow Agent at any time upon 30 days' prior written notice to
        the Purchaser and the Seller. The Purchaser and the Seller may remove
        you as Escrow Agent at any time upon 30 days' prior written notice to
        you signed by them jointly. If you resign or are removed, your only
        duty, until a successor Escrow Agent shall have been appointed and shall
        have accepted such appointment, shall be to hold, invest and dispose of
        the Escrowed Assets in accordance with the provisions of this letter
        (but without regard to any notices, requests, instructions or demands
        received by you from either or both of the Purchaser and Seller after
        your notice of resignation shall

                                  Page 2 of 6
<PAGE>
       have been given, unless the same shall be a direction by both the
       Purchaser and the Seller that the entire Escrowed Assets be paid or
       delivered out of escrow).

10.  Any notice required to be given by you shall be in writing and effective
       when delivered by messenger, or sent by registered or certified mail, or
       facsimile transmission, to the Purchaser or Seller (as appropriate) at
       its address for service as specified in the Agreement or such other
       address as such person may have furnished to you and to the other party
       in writing. Any notice sent or delivered other than by registered or
       certified mail shall also be sent by registered or certified mail.

11.  Your respective fees as Escrow Agent shall be your standard hourly rate of
       charge from time to time for the persons having conduct of the subject
       matter of this letter within your organisation plus disbursements
       including (without limitation) all bank charges and VAT (if applicable).
       Each of the Seller and Purchaser undertakes to pay half of your ongoing
       fees and expenses for running the Escrow Account and in connection with
       this letter. You shall bill the Seller and Purchaser directly for the
       fees and expenses chargeable to it. In case you shall be a party to any
       court or arbitration proceedings in connection with this letter
       (including in the case when you initiated such proceedings), each of the
       Seller and Purchaser shall reimburse you for half of all your legal
       expenses, except if you have acted in gross negligence or in bad faith.
       It is hereby clarified that in such case you shall be entitled to
       nominate Zysman, Aharoni, Gayer & Co to act as your own counsel, and that
       Zysman, Aharoni, Gayer & Co. shall be entitled to charge according to
       their standard hourly rate.

12.  You shall not be liable for any action taken or omitted by you in good
       faith and the Seller and the Purchaser jointly and severally undertake to
       indemnify you and keep you fully and effectively indemnified on demand
       against any loss, damage, cost, expense or liability whatsoever suffered
       or incurred by you as a result of you carrying out your functions under
       the terms of this letter, except in so far as the same results from your
       own gross negligence or bad faith. You shall not be responsible for any
       loss to the Escrowed Assets resulting from the investment delivery or
       payment thereof in accordance with the terms of this letter. You shall in
       no event be obliged to enquire as to the facts or circumstances set out
       in any notice sent to you in connection with this letter or the Agreement
       or pursuant to its terms and shall be entitled to rely on such facts or
       circumstances as set out therein as if they were for all purposes true
       and accurate.

13.  Each of the Seller and the Purchaser warrant to and agree with you that,
       unless otherwise expressly set forth in this letter, (i) there is no
       security interest in the Escrowed Assets or any part thereof and (ii) you
       shall have no responsibility at any time to ascertain whether any
       security interest exists in the Escrowed Assets or any part of the
       Escrowed Assets or to produce or file any statement with respect to the
       Escrowed Assets or any part of the Escrowed Assets and if at any time any
       third party purports to assert an interest in the Escrowed Assets or any
       part of the Escrowed Assets you shall be entitled to retain the Escrowed
       Assets in the Escrow Account (notwithstanding any other terms of this
       letter) pending final resolution of the validity of such third party
       interest.

14.  The Purchaser and the Seller will provide to you from time to time such
       information as you or either of you may reasonably require in connection
       with the arrangements the subject of this letter.

15.  If any instructions from the Seller and the Purchaser are, in the
       reasonable opinion of either of you, manifestly wrong or unclear then you
       may withhold making any payment (but you will immediately notify the
       relevant person in writing that you have done so and the reason for so
       doing) and, in such circumstances, you shall have no liability to the
       Seller or the Purchaser by virtue of so doing.

                                  Page 3 of 6
<PAGE>
16.  This letter and its validity, construction and performance shall be
     governed by the laws of Israel, and the parties irrevocably submit to the
     exclusive jurisdiction of the Israeli courts for the area of Tel Aviv-Yafo
     and shall be binding upon you and the Purchaser and the Seller and your and
     their respective legal representatives, successors and permitted assigns;
     provided, that any assignment or transfer by either the Purchaser or the
     Warrantors of its rights under this letter or with respect to the Escrowed
     Assets shall be void as against both of you unless (a) written notice of
     such assignment or transfer, and appropriate documentation indicating the
     identity of the assignee or transferee, shall be given to each of you, and
     (b) the assignee or transferee shall agree in writing, in form and
     substance satisfactory to each of you, to be bound by the provisions of
     this letter, and (c) each of you and the other party shall have consented
     to such assignment or transfer.

17.  Waiver of Conflict. The Purchaser hereby acknowledges that the Seller has
     been and continue to be represented by Zysman, Aharoni, Gayer & Co., and by
     executing this letter gives its informed written consent to appointing
     Zysman, Aharoni, Gayer & Co., as the Escrow Agent under this Agreement.

Please sign and return the copy of this letter in acknowledgement and acceptance
of its terms.

                                  Page 4 of 6

<PAGE>

     Yours faithfully

MATCHNET (ISRAEL) LTD.                  POINT MATCH LTD.

     By:                                By:
        ------------------------           ------------------------
     Joe Y. Shapira, CEO                [?]

     We accept appointment upon the terms of the above letter.

     ZYSMAN, AHARONI, GAYER & CO.

     By
       ------------------------
     [ ], Partner

                                  PAGE 5 OF 6

<PAGE>
                                   Exhibit 1

PURCHASER'S SIGNATORIES
----------- -----------

-------------------------
JOE Y. SHAPIRA

SELLER' SIGNATORIES
------- -----------

-------------------------
[]

                                  PAGE 6 OF 6
<PAGE>
EXECUTION COPY
--------- ----

                                  EXHIBIT 11.2

                            NON-COMPETE UNDERTAKING

ATTACHED

                                 PAGE 31 OF 32
<PAGE>

exhibit # ____

                                                  __th November 2003

To:
MatchNet (Israel) Ltd.,
22 Maskit St.,
Herlzelia 46733
Israel

Dear Sirs,

Re: NON-COMPETITION WARRANTY

In consideration for the Purchase Price paid for certain assets by the
Purchaser, as detailed in the ASSET PURCHASE AGREEMENT, dated __ November 2003
(the "APA USA AGREEMENT") we, the undersigned, severally and not jointly, agree
and undertake as follows:

1.  Not to compete, directly or indirectly, with you, nor your business and its
    successors and assigns, in the area of Online Dating on the Internet that is
    targeted for Israelis and/or Jewish users ("THE COMPETITION FIELD") during
    and for a period of three (3) years commencing on the Closing Date, unless
    otherwise agreed between the Parties or their affiliates in writing.

2.  Each of the undersigned, severally, approves that he/it acknowledges and
    agrees that because of the worldwide access of the Internet and World Wide
    Web, the provisions of this NON-COMPETITION WARRANTY are reasonable with
    respect to the scope of restriction, duration and the geographic scope and
    are reasonably necessary to protect the value of the Assets which be given
    in detail in the APA USA AGREEMENT.

3.  By signing on this NON-COMPETITION WARRANTY, we Undertake to avoid from
    investing in the Competition Field in excess of 5%, or more, of the
    beneficial interest of any company or venture. For the avoidance of doubt,
    our obligation above shall not include investing in the Competition Field of
    up to 5%, or less, of the beneficial interest of any company or venture, or
    investment in any amount in MatchNet, or Mapal's indirect investment of 7.5%
    in Ami Channels Ltd.

4.  This NON-COMPETITION WARRANTY shall be binding upon and inure to the benefit
    of you and us, our successors and assigns.

5.  Terms, which are used in this warranty and are not defined, will have the
    meaning as in the APA USA AGREEMENT.

     ________________________                 ________________________
     Mapal Communications Ltd                        Madmon Rami

     ________________________                 ________________________
           Zion Madmon                               Nimrod Lev

                                       1
<PAGE>
EXECUTION COPY
--------- ----

                                   EXHIBIT 18

                                 PRESS RELEASE

ATTACHED

                                 PAGE 32 OF 32
<PAGE>

                              [MATCHNET PLC LOGO]

PRESS RELEASE                                                (NOVEMBER 27, 2003)

     MatchNet(R) plc Signs Agreement to Purchase Cupidon.co.il and JCupid.com

LOS ANGELES, CA- MatchNet plc (MHJG: Frankfurt Stock Exchange - Prime Standard),
one of the largest providers of online personals worldwide, today announced that
it had signed agreements with Point Match Ltd., of Tel Aviv, Israel, to purchase
certain assets, including Cupidon(R).co.il, the leading Internet personals
service in Israel, and JCupid(R).com, which is a competitor of MatchNet's
JDate(R).com.

"This deal cements MatchNet's leadership position in the Jewish online
personals market," said Joe Shapira, Chairman and CEO of MatchNet, "and is an
important step in our strategy, is to spread our success in the Jewish
community with JDate and expand it outside the English speaking world."

"JDate is unique in the online personals industry in its market penetration in
the US, "added Shapira," and has provided MatchNet with a solid foundation to
enable the growth of AmericanSingles(R) into one of the world's largest
personals sites. This transaction will allow us to consolidate our base and
expand in both the Jewish and general markets."

ABOUT MATCHNET PLC:
MatchNet plc is one of the world's largest providers of online dating services.
The MatchNet network includes AmericanSingles(R).com, FaceLink(R).com,
MatchNet.de, MatchNet.co.uk, and MatchNet.com.au. In addition, the Company
operates JDate(R).com & JDate.co.il, the dominant Jewish dating services
worldwide; Glimpse(TM).com, & online dating community for relationship-minded
gay men and women; and CollegeLuv(TM).com, an online destination for the
college-age demographic. MatchNet was incorporated in England in 1998. More
information is available at www.MatchNet.com

For More Information:

     Media:              Gail Laguna
                         + 1 323 836 3000 ext. 815
                         Gail@MatchNet.com

     Investors:          Elmar Bob
                         + 49 69 74 09 37 88
                         Elmar@MatchNet.com

                                    # # # #

                                  MATCHNET PLC
                 Registered in England - Company Number 3628907
        8383 Wilshire Boulevard, Suite 800 - Beverly Hills, CA 90211 USA
              Telephone: + 1 323 836 3000 - Fax: + 1 323 836 3333
<PAGE>

EXECUTION COPY

                                  EXHIBIT 12.1

                                REPRESENTATIONS

ATTACHED

                                 PAGE 30 OF 32
<PAGE>
<Table>
<Caption>
                                                                                 CUPID.CO.IL     JCUPID.COM
                                                                                 -----------     ----------
<S>                                                                              <C>             <C>

Number of subscribers with expiration date after 12/25/2003 (as of 11/25/2003)        2,666         1,740
Revenue of May 2003 including vat (Cupid-NIS, Jcupid-$)                             557,262        54,737
Number of points in effect (as of 11/26/2003)                                        32,826
Registered 2/2003-7/2003 (see note1)                                                144,998        33,912
Revenues 2/2003-7/2003 (see note1) (Cupid-NIS, Jcupid-$)                          3,420,939       316,463
AFFILIATES REGISTRATION
Registered through affiliates 2/2003-10/2003 (see note2)                             86,071
Registered total 2/2003-10/2003 (see note2)                                         178,058
</Table>

Note1: About 9000 profiles were imported to Jcupid on 5/2003
Note2: Since we do not keep deleted profiles in cupid.co.il, the numbers
represented here are lower than the calculation of registered users in the other
table, which was based on member id sequence. However, these numbers
represent accurately the ratio between the total registration number and the
number of registrations through affiliates.
Note3: The data in this spreadsheet is based on the systems' databases as of
November 25, 2003
<PAGE>
<Table>
<Caption>
                                                                  Cupid.co.il                                Jcupid.com
                                             ----------------------------------------------------   ---------------------------
                                                                      03-????   03-????   03-????   03-????   03-????   03-????
-------------------------------------------------------------------------------------------------------------------------------
<S>                                          <C>                                <C>       <C>       <C>       <C>       <C>
Number of new subscriptions - total                                     2,723     2,397     2,373    1,085     1,003     1,063
Number of new subscriptions - 1 month                                   1,570     1,370     1,321
Number of new subscriptions - 3 months                                  1,032       922       928
Number of new subscriptions - 6 months                                    121       105       124
Revenue from New Subscriptions (including
     SMS)                                                             354,423   312,282   332,547   42,087    40,784    44,254
Number of points purchases                                                838       840       950
Revenue from Points                                                    56,055    55,830    63,220
Number of renewals                                                      3,607     3,647     3,885      983       987     1,074
Revenue from renewals                                                 233,890   237,460   256,305   19,309    19,347    20,860
Number of sole SMS purchases (not
     including SMS purchase as part of
     subscription)                                                        240       224       275
Revenue from sole SMS purchases (not
     including SMS purchase as part of
     subscription)                                                      3,660     3,420     4,385
Revenue from SMS included in new
     subscriptions                                                      4,145     4,920     3,400
Revenue from SMS - total                                                7,805     8,340     7,785
Revenue from Advertising                                              106,796    81,968    72,846
Number of active subscriptions as of Nov
     24, 2003                                                                               9,050                        3,482
Number of paying points holders                                                             8,556
Number of free subscription as of Nov 24,
     2003                                                                                  17,236                       20,988
Number of members with good email address    We do not validate emails, so we              41,062
     that have subscribed ever               do not have absolute number of
                                             good emails. The represented
                                             numbers are of all emails (good
                                             and bad)
Revenue in Checks                                                                           9,900
Revenue in Deposits                                                                        12,055
Revenue in Cash                                                                               360

Note: The data in this spreadsheet is based on the systems' databases as of November 25, 2003
</Table>

<PAGE>

<Table>
<Caption>

                                                       Cupid.co.il                                         Jcupid.com
                                         03-??????              03-?????      03-??????      03-??????      03-??????      03-??????
MEMBERSHIP:
<S>                            <C>                               <C>          <C>            <C>            <C>            <C>
Number of new members                                25,563       22,721        23,049           4,298          3,980         4,224

Number of registered            We do not keep record of                       278,897         119,360        122,705       126,366
members at the end of each      number of registered users
period                          in the past, so we can
                                provide only the number of
                                registered users as of
                                current date. The active
                                database contains records
                                of members that were
                                active after January 1,
                                2003 and members that were
                                subscribers in the past
                                regardless if they are
                                active in 2003. An
                                inactive database contains
                                members that were active
                                in 2002 and not active in
                                2003.

Number of registered                                                           103,852                                      none
members in non-active
database

Number of members with          We do not validate                             225,330         115,730        119,075       122,736
good external email             emails, so we do not have
address as of October 31,       absolute number of good
2003                            emails. The represented
                                numbers are of all emails
                                (good and bad)

Number of unique members                                                        86,082                                       30,017
(including newly
registered members) that
have logged in in October

Number of unique logins in                                                     133,519                                       44,324
the last 90 days

Number of unique logins in                                                     188,115                                       63,964
the last 180 days

Number of gay members           Information is provided                          7,460                                        2,665
                                from the active database
                                and from the inactive
                                database (see above).

Number of lesbians              Information is provided                          5,730                                        1,218
                                from the active database
                                and from the inactive
                                database (see above).

Number of heterosexual          Information is provided                        105,249                                       47,699
females                         from the active database
                                and from the inactive
                                database (see above).

Number of heterosexual          Information is provided                         21,208                                       11,777
females with photos             from the active database
                                and from the inactive
                                database (see above).

Number of heterosexual          Information is provided                        160,458                                       77,345
males                           from the active database
                                and from the inactive
                                database (see above).

number of heterosexual          Information is provided                         44,590                                       16,109
males with photos               from the active database
                                and from the inactive
                                database (see above).

Number of members under         Information is provided                         10,240                                           68
the age of 18                   from the active database
                                and from the inactive
                                database (see above).

FINANCIAL DATA: (CUPID -
NIS INCLUDING VAT, (CUPID
- $)

</Table><PAGE>

                                                                 Exhibit 10.5(a)

              AMENDMENT TO ASSET PURCHASE AGREEMENT DATED 27/11/03

DATED: 7 January 2004

BETWEEN:

            Point Match Ltd. company organized and existing under the laws of
            Israel (company number 51-287406-6), having its principal place of
            business at Raul Wallenberg 2, Tel Aviv, Israel ("SELLER"), and

            MatchNet (Israel) Ltd., a company organized and existing under the
            laws of Israel (company number 51-3458273), having its principal
            place of business at 22 Maskit St., Hertzella 45733 Israel
            ("PURCHASER").

            Together, Seller and Purchaser are "PARTIES" and each is a "PARTY."

WHEREAS

A.          The Parties have entered into an Asset Purchase Agreement dated 27
            November 2003 (the "APA"); and

B.          The Parties wish to amend the APA with respect to certain matters as
            set forth below.

NOW THEREFORE, the parties hereby agree as follows:

1.    The Amendments

      The parties agree that the APA will be amended as follows:

      1.1   Section 1.4 will be amended and will read as follows: "Closing Date"
            means the 16th January, 2004.

      1.2   Section 6.3 will be cancelled and deleted.

      1.3   Section 3.3 will be added which will read as follows:

            The Escrow amount together with any interest accrued on it will be
            transferred by the Escrow Agents to the Seller on the 7th of
            January, 2004. The Escrow Agents will transfer out of the Escrow
            Amount an amount of 125,000USD, which will be paid directly to Bank
            Ozar Hachyal against a confirmation, which is mentioned in section
            6.5 to the APA. The Parties shall sign an instruction letter to the
            Escrow Agent which reflects the aforementioned actions with respect
            to the Escrow Amount in the form attached hereto as EXHIBIT A.

      1.4   Section 5 will be amended by adding the words: "On the Closing Date"
            before the sentence which begins with the words "The Purchaser shall
            reimburse Seller".

      1.5   Section 6 will be amended by replacing the figure "12:00" with the
            figure "09:00".

2.    Completion of Due Diligence Examination.

      The Purchaser hereby confirms that taking into account the changes made to
      the APA under this Amendment and the changes to the USA APA the due
      diligence examination conducted pursuant to Section 9 of the APA was
      completed to its satisfaction.

3.    Database

      3.1   The parties will sign and escrow letter agreement according to which
            the Seller will deliver Adv. Eitan Shmueli, acting as an escrow
            agent for the benefit of both parties, a CD which contains a copy of
            the Database (as defined in the APA) (the "ESCROWED CD"), in the
            form attached hereto as EXHIBIT B (the "CD ESCROW LETTER").

      3.2   For the avoidance of doubt, in the event the Escrowed CD will be
            returned to the Seller According to the CD Escrow Letter, Purchase
            shall not be entitled to the return of the Escrow Amount solely by
            the virtue of such event.

      3.3   The delivery of the Escrowed CD will not relieve the Seller from its
            obligation to deliver to The Purchaser a CD with the Data Base under
            section 6.2 of the of the APA.

                                   Page 1 of 2

<PAGE>

4.    Validity of the APA

      4.1   All other stipulations of the APA will remain valid and in full
            force and effect.

      4.2   In case of contradiction between the stipulations of this Addendum
            and the APA the stipulation of this Amendment will prevail

5.    Miscellaneous

      5.1   This Amendment is made in accordance with the terms and provisions
            of Section 21 to the APA

      5.2   Sections 21 - 29 to the APA will apply to this Amendment mutatis
            mutandis.

IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the
date hereof.

POINT MATCH LTD.:                          MATCHNET (ISRAEL) LTD:

By:  /s/ Nadav Palti and Zion Madmon       By:    /s/ Joe Shapira
    ---------------------------------          ---------------------------------

Name: Nadav Palti and Zion Madmon          Name: Joe Shapira

Title: Chairman, CEO                       Title: Chariman

                                   Page 2 of 2

<PAGE>

                                    EXHIBIT A

7 January 2004

To:              Adv. Erez Aharoni, Adv. And/or Adv. Shy Baranov
                 52A Hayarkon Street
                 Tel Aviv, Israel

Dear Sirs,

RE: LETTER OF INSTRUCTIONS

Reference is hereby made to a certain escrow letter dated November 27, 2003
signed by Point Match Ltd. and MatchNet (Israel) Ltd. (the "ESCROW AGREEMENT")
which appoints you as an Escrow Agent (as such term is defined in the Escrow
Agreement).

1. The undersigned hereby irrevocably instruct you as follows:

Notwithstanding Section 6.1 to the Escrow Agreement, to pay the Escrowed Assets
(as such term defined in the Escrow Agreement, i.e. US$2, 000,000 and any
interest accrued thereon) as follows:

1.1   An amount of US$125,000 to account no. 37889, under the name of Point
      Match Ltd., branch no. 354, Ramat Hahayal, at Bank Otzar Hahayal.

1.2   The balance of the Escrowed Assets to Point Match Ltd. According to its
      instructions.

2. Upon the release of the Escrowed Assets as instructed above, Section 6.4 to
the Escrow Agreement shall apply.

3. This letter of instructions is made pursuant to Section 9 to the Escrow
Agreement.

Yours faithfully,

 MATCHNET (ISRAEL) LTD.                 POINT MATCH LTD.

   By:                                  By: ______________________________
       ---------------------------      Nadav Palti, Chairma
   Joe Shapira, CEO                     Zion Madmon, CEO

                                   Page 1 of 1

<PAGE>

                                    EXHIBIT B

7 January 2003

To:   Adv. Eitan Shmueli
      33 Jabotinski Street
      Raman Gan, Israel

Dear Sir,

ASSET PURCHASE AGREEMENT - Point Match Ltd. and MatchNet (Israel) Ltd. - Escrow
Letter

This letter refers to an Asset Purchase Agreement dated November 27, 2003 by and
among Point Match Ltd. and MatchNet (Israel) Ltd. (the "APA") and relates to a
copy of the Database which should be delivered to the Purchaser pursuant to
Section 6.6 to the APA. Words defined in the APA shall have the same meaning in
this letter unless the context otherwise requires.

1.    The Seller and the Purchaser have agreed that notwithstanding Section 6.6
      to the APA, the Seller will deliver a CD which contains the copy of the
      Database ("ESCROWED CD") to you, as an escrow agent, to be held in escrow
      for the benefit of the Seller and the Purchaser pursuant to the
      instructions below. This letter sets out the instructions to you as escrow
      agent ("ESCROW AGENT") in relation to the Escrowed CD.

2.    You shall not use the Escrowed CD or any part of its content in any manner
      whatsoever, including but not limited to any transfer of the Escrowed CD
      or any part of its content to any third party (including the Purchaser).

3.    You shall use best reasonable efforts to keep the Escrowed CD and all
      information it contains in complete confidence.

4.    You shall release the Escrowed CD as follows:

4.1   To Purchaser, on The Closing upon the receipt of a notice signed by
      Purchaser and Seller stating that the Closing of the transaction described
      in the APA has occurred.

4.2   To Seller, two (2) business day after receiving a letter from the Seller
      stating that the Closing has failed or the date due for the Closing has
      elapsed and the Closing was not executed subject that you have not
      received a letter from the Purchaser stating that you are not allowed to
      transfer the Escrowed CD to the Seller.

4.3   If you have received the letter mentioned under section 4.2 from the
      Purchaser under no circumstances, unless directed to by written
      instructions executed by the Seller and the Purchaser, or ordered by a
      court of competent jurisdiction, you shall transfer the Escrowed CD to
      Seller.

5.    This letter may be modified or amended only with the prior written consent
      of the Purchaser and the Seller which modification or amendment shall take
      effect accordingly.

6.    Any notice required to be given by you shall be in writing and effective
      when delivered by messenger, or sent by registered or certified mail, or
      facsimile transmission, to the Purchaser or Seller (as appropriate) at its
      address for service as specified in the APA or such other address as such
      person may have furnished to you and to the other party in writing. Any
      notice sent or delivered other than by registered or certified mail shall
      also be sent by registered or certified mail.

7.    This letter and its validity, construction and performance shall be
      governed by the laws of Israel, and the parties irrevocably submit to the
      exclusive jurisdiction of

                                   Page 1 of 2

<PAGE>

      the Israeli courts for the area of Tel Aviv-Yafo and shall be binding upon
      you and the Purchaser and the Seller and your and their respective legal
      representatives, successors and permitted assigns. Please sign and return
      the copy of this letter in acknowledgement and acceptance of its terms.

    Yours faithfully

MATCHNET (ISRAEL) LTD.                           POINT MATCH LTD.

  By:                                            By: ___________________________
      -------------------------                          Nadav Palti, Chairma
       Joe Shapira, Chairman                             Zion Madmon, CEO

I accept appointment upon the terms of the above letter.

                                        EITAN SHMUELI - LAW OFFICES

By: ___________________________
Eitan Shmueli, Adv.

                                   Page 2 of 2

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