FIRST AMENDMENT TO STOCK OPTION AGREEMENT THIS FIRST AMENDMENT TO STOCK OPTION AGREEMENT is made as of this 31st day of March, 2000 between eUniverse, Inc., a Nevada corporation (the "Company") and Charles Beilman, an individual residing in Wallingford, Connecticut ("Beilman"). RECITALS: 1. The Company and Beilman have executed that certain Stock Option Agreement dated as of the 26th day of January, 2000 (the "Stock Option Agreement"), 2. The parties desire to amend the Stock Option Agreement as set forth below. AGREEMENT: In consideration of the covenants and agreements contained in the Stock Option Agreement and this Agreement, and other good and value consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto hereby agree as follows: 1. AMENDMENTS TO STOCK OPTION AGREEMENT. The Stock Option Agreement is hereby amended as follows; A. By deleting Section 1.2(a) thereof and inserting in lieu thereof the following "(a) The Option may be exercised from time to time by the Company for all, or less than all, of the Shares of the Common Stock subject to this Option at any time during the period of January 26, 2000 and June 1, 2000 inclusive" B. By deleting Section 1.2(c) thereof and inserting in lieu thereof the following: "(c) The exercise price (the "Exercise Price") at which the Shares may be purchased upon the exercise of the Option shall be $1.60 per Share purchased." 2. MISCELLANEOUS. A. All capitalized terms not otherwise defined herein shall have the meanings set forth in the Stock Option Agreement. B. Except as otherwise provided herein, the terms and conditions of the Stock Option Agreement shall remain in full force and effect. 1 <PAGE> IN WITNESS WHEREOF, the parties have executed or have caused their duly authorized representatives to execute this Agreement the day and year first above written. /s/ Charles Beilman --------------------------------- Charles Beilman 32 Cooke Road Wallingford, CT 06492 eUNIVERSE, INC. By: /s/ Brad Greenspan ------------------------------ Its: Chairman of the Board 2
Source: OneCLE Business Contracts.