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Employment Agreement - MatchNet plc and Todd Tappin

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                          [LETTERHEAD OF MATCHNET PLC]

13 February 2004

Mr. Todd Tappin

Dear Todd:


Matchnet plc (the "Company") is pleased to confirm your employment on the
following terms

1.       POSITION. You will serve in the full time position of Chief Executive
         Officer reporting to the Executive Committee of the Company's Board of
         Directors, which shall monitor and review your performance and have the
         ability to terminate your employment. Your employment shall commence
         upon the execution of this Agreement.

2.       CASH COMPENSATION. The Company will pay you a salary at the rate of
         $420,000 per year, payable in accordance with the Company's standard
         payroll schedule, beginning 8 March 2004. This salary will be subject
         to adjustment pursuant to the Company's employee compensation policies
         in effect from time to time. In addition, you may be eligible for an
         annual bonus pursuant to parameters as may be determined by the Board.
         Further, in the event of the Company's successful secondary public
         offering of the Company's securities and concurrent listing on the
         Nasdaq National Market System (a "Successful Offering"), your salary
         shall be increased to $500,000 per annum, beginning with the first
         subsequent pay period.

3.       EMPLOYEE BENEFITS. As a regular employee of the Company, you will be
         eligible to participate in a number of Company-sponsored benefits
         including paid vacation, all in accordance with the Company's policies
         as in effect from time to time. In addition, you will be covered under
         the Company's health, 401(K) and group insurance programs. In
         accordance with the Company's generally applicable policies, you will
         be reimbursed for all reasonable travel and business expenses incurred
         by you in connection with your employment duties.

4.       SHARE OPTIONS. Subject to the approval of the Board, you will be
         granted an option to purchase 1,200,000 of the Company's ordinary
         shares (the "Option"). The exercise

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         price per share will be equal to the fair market value per share on the
         date the Option is granted as determined by the average closing price
         of the Company's GDSs as quoted on the Frankfurt Exchange for the five
         trading days prior to the execution of this letter. The Option will
         vest, subject to Paragraph 7, below, according to the following
         schedule: 120,000 options shall vest and become exercisable after 90
         days of employment; with an additional 98,181 options final tranche).
         In the event of a Successful Offering occurring on or before 30th June
         2004, 30% of any unvested options will vest upon such event and the
         balance of unvested options will vest in equal portions on the
         quarterly vesting dates. In the event of a Successful Offering
         occurring on or before 30th September 2004 20% of any unvested options
         vesting and becoming exercisable each 90 days thereafter (with any
         remainder being included in the will vest upon such event and the
         balance of unvested options will vest in equal portions on the
         quarterly vesting dates.

         NON-DISCLOSURE AGREEMENT. You agree to execute the Assignment of
         Rights, Non-Solicitation of Employees and Vendors,, Confidentiality and
         Non-Disclosure Agreements as shall be provided to you by the Company.

6.       BOARD SEAT. You shall be appointed to the Board of Directors. However,
         if your employment is terminated under this Agreement, you will be
         deemed to have simultaneously resigned your position as director.

7.       CHANGE OF CONTROL. For the purposes of this Agreement, a "Change of
         Control Event" shall be the occurrence of a single shareholder (or
         beneficial owner) acquiring more than 45% of the then outstanding
         ordinary shares (or securities convertible into 45% of the then
         outstanding ordinary shares) of the Company. In the event of a
         termination of your employment with the Company for any reason
         (including your own election) within 6 months of a "Change of Control
         Event", you shall be entitled to: (i) payment of one year's salary and
         any accrued bonus (net of any required withholding); (ii) immediate
         vesting and exercisability of any unvested and unexercised options set
         forth in Paragraph 4 (together with an extension of the "Final Exercise
         Date" as defined in the relevant Option Agreement to one year from the
         date of such termination), above; and (iii) payment of any COBRA plan
         for 1 year. The payments provided for in Paragraphs 7(i), 7(ii) and
         7(iii) shall be increased to compensate for any increased taxes
         resulting from provision 280G of the Internal Revenue Code.

8.       INDEMNIFICATION. To the fullest extent permitted by the Company's
         charter documents and applicable law, the Company agrees to defend and
         indemnify you and hold you harmless against any liability that you
         incur within the scope of your employment with the Company. The Company
         agrees to use its best efforts to purchase and maintain adequate
         Directors' and Officers' liability insurance.

9.       EMPLOYMENT RELATIONSHIP. Your employment with the Company continues to
         be for no specific period of time. Your employment with the Company
         will continue to be "at will," meaning that either you or the Company
         may terminate your employment at any time and for any reason, with or
         without cause. Any contrary representations that may have been made to
         you are superseded by this letter agreement. This is the full and
         complete agreement between you and the Company on this term.

10.      OUTSIDE ACTIVITIES. While you render services to the Company, you agree
         that you will not engage in any other employment, consulting or other
         business activity without the prior written consent of the Company,
         which consent shall not be unreasonably withheld. While you render
         services to the Company, you also will not assist any

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         person or entity in competing with the Company, in preparing to compete
         with the Company or in hiring any employees or consultants of the

11.      WITHHOLDING TAXES. All forms of compensation referred to in this letter
         agreement are subject to reduction to reflect applicable withholding
         and payroll taxes and other deductions required by law.

12.      ENTIRE AGREEMENT. Except as set forth herein, this letter agreement
         supersedes and replaces any prior agreements, representations or
         understandings, whether written, oral or implied, between you and the

We hope that you will find the above terms acceptable. You may indicate your
agreement with these terms by signing and dating the enclosed duplicate original
of this letter agreement and returning it to me. By signing this letter
agreement, you reconfirm to the Company that you have no contractual commitments
or other legal obligations that would prohibit you from performing your duties
for the Company.

Very truly yours,

/s/ Joe Y. Shapira
Joe Y. Shapira
Chairman & CEO

I have read and accept and agree to the above terms of employment:

    /s/ Todd Tappin
Signature of Todd Tappin

Dated 13 February 2004