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EXHIBIT 10.48.02
SECOND AMENDMENT TO LETTER AGREEMENT
THIS SECOND AMENDMENT TO LETTER AGREEMENT (the "Amendment") dated the
13th day of November, 2000, by and among eUNIVERSE, INC., a Nevada corporation
("eUniverse"), CHARLES BEILMAN, an individual residing in Wallingford,
Connecticut ("Beilman"), and TAKE-TWO INTERACTIVE SOFTWARE, INC., a Delaware
corporation ("T2").
RECITALS:
1. T2, Beilman and eUniverse have executed that certain Letter
Agreement dated October 30, 2000 (the "Agreement"), as amended by
First Amendment to Letter Agreement dated November 6, 2000; and
2. The parties desire to further amend the Agreement as set forth
herein.
AGREEMENT:
NOW, THEREFORE, in consideration of the covenants and agreements
contained in the Agreement and the Escrow Agreement, and other good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged, the
parties hereto hereby agree as follows:
1. AMENDMENT TO LETTER AGREEMENT. The Agreement is hereby amended by extending
the Closing date in the first sentence of the first paragraph of Section 9
(General Provisions) from November 13, 2000 to November 22, 2000, provided that
twenty-five percent (25%) of the Purchase Price shall be received by the escrow
agent for Beilman by November 14, 2000, to be distributed in accordance with
Section 4 of the Agreement. For the avoidance of doubt, the parties hereto
hereby extend the Closing date to on or before, but to no later than, November
22, 2000.
2. MISCELLANEOUS.
A. All capitalized terms not otherwise defined in this Amendment shall
have the meanings set forth in the Agreement.
B. Except as otherwise provided herein, the terms and conditions of the
Agreement shall remain in full force and effect.
IN WITNESS WHEREOF, each of the parties hereto has caused this
Amendment to be duly executed by their respective authorized representatives the
day and year first above written.
TAKE-TWO INTERACTIVE SOFTWARE, INC.
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By: /s/ Ryan A. Brant
-------------------------------- /s/ Charles Beilman
Name: Ryan A. Brant ----------------------------
Its: Chief Executive Officer Charles Beilman
Address: 575 Broadway, 3rd Floor Address: 32 Cooke Road
New York, NY 10012 Wallingford, Connecticut 06492
eUNIVERSE, INC.
By: /s/ Brett Brewer
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Name: Brett Brewer
Its: Co-President
Address: 6300 Wilshire Boulevard, Suite 1700
Los Angeles, California 90048
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