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EXHIBIT 10.40.01
April 22, 2000
eUniverse, Inc.
101 North Plains Industrial Road
Wallingford, CT 06492
Re: Letter Agreement (the "Letter Agreement") by and among
eUniverse, Inc., a Nevada corporation ("eUniverse"), and all
of the Former Shareholders of The Big Network, Inc. ("BNI")
who are Shareholders of eUniverse and are Counter-signatories
to the Letter Agreement, dated March 13, 2000 (collectively,
the "Shareholders"), providing for the purchase of a minimum
of 500,000 shares of eUniverse common stock by eUniverse from
the former shareholders of BNI.
Ladies and Gentlemen:
This letter is to confirm that the undersigned consent to extend the
Closing Date, as defined in the Letter Agreement, from April 24, 2000 to May 5,
2000.
In addition, eUniverse agrees to file to register all the shares held
by the Shareholders (including those held in escrow) on May 8, 2000, if the
Closing (as defined in the Letter Agreement dated March 13, 2000), does not
occur by May 5, 2000. In addition, the Guarantor (as defined in the Letter
Agreement dated March 13, 2000) will immediately transfer 100,000 shares of
common stock in eUniverse to the Shareholders, to be distributed on a pro rata
basis to the Shareholders. The Guarantor will transfer an additional 50,000
shares of common stock in eUniverse to the Shareholders for each week (or the
portion of a week) that transpires until the shares held by the Shareholders are
registered and fully tradeable. All additional shares transferred shall be
registered along with those shares held by the Shareholders.
Please acknowledge receipt of the foregoing and your agreement and
consent to same by executing a copy of this letter where indicated below and
returning a copy to us by facsimile and a fully executed original to us by
overnight mail courier.
Very truly yours,
Arba, LLC.
/s/ Stephen D. Sellers
--------------------------- By: /s/ Dave Pell
Stephen D. Sellers -----------------------
Its: Managing member
/s/ Michael Sellers
--------------------------- /s/ David Dove
Michael Sellers -------------------------
David Dove
/s/ John V. Hanke
--------------------------- /s/ Arie Grossman
John V. Hanke -------------------------
Arie Grossman
Argus Capital, LLC. /s/ Sharon Vinick
-------------------------
By: /s/ Charles R. Ewald Sharon Vinick
-----------------------
Its: Manager
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Agreed and accepted this
22nd day of April, 2000.
eUniverse, Inc.
By: /s/ Brad D. Greenspan
--------------------------------
Name: Brad D. Greenspan
Its: Chairman
