August 13, 2002 VIA FACSIMILE (978) 499-0221 Mr. J.P. McCormick Mr. Richard F. Noll Activeworlds Corp. 95 Parker Street Newburyport, MA 01950 Dear J.P. and Rick: This letter agreement serves to amend the Agreement and Plan of Exchange by and between...

                                                                    EXHIBIT 10.2

                               ACTIVEWORLDS, INC.
                              00 Xxxxxxxxxxxx Xxxxx
                           Xxxxxxxx Xxxxx, X. Y. 10567
                                 (000) 000-0000
                               Fax: (000) 000-0000


                                 Xxxxxx 00, 0000


XXX XXXXXXXXX (000) 000-0000

Xx. X.X. XxXxxxxxx
Xx. Xxxxxxx X. Xxxx
Activeworlds Corp.
00 Xxxxxx Xxxxxx
Xxxxxxxxxxx, XX 00000

Dear J.P. and Xxxx:

         This letter agreement serves to amend the Agreement and Plan of
Exchange by and between Activeworlds Corp., Activeworlds, Inc., XX XxXxxxxxx and
Xxxxxxx X. Xxxx (the "Agreement") in the following respects:

         1.       Section 1.02 shall be amended to change the date from August
                  15, 2002 to September 15, 2002.

         2.       Section 7.01(vi) shall be amended to change the date from
                  August 15, 2002 to September 15, 2002.

In all other respects the Agreement is ratified and confirmed.

         Please execute a copy of this Agreement and fax it to me at the number
indicated above.

                                                     Sincerely yours,

                                                     /s/ Xxxx Xxxxxxx
                                                     ----------------
                                                     Xxxx Xxxxxxx
                                                     President

We hereby agree to the foregoing:

/s/ X.X. XxXxxxxxx
------------------
X.X. XxXxxxxxx

/s/ Xxxxxxx X. Xxxx
-------------------
Xxxxxxx X. Xxxx