Exhibit 10.39.06
SIXTH AMENDMENT TO STOCK OPTION AGREEMENT
THIS SIXTH AMENDMENT TO STOCK OPTION AGREEMENT ("Sixth Amendment") is
made as of the 30th day of October, 2000 by and between eUniverse, Inc., a
Nevada corporation (the "Company") and Xxxxxxx Xxxxxxx, an individual residing
in Wallingford, Connecticut ("Xxxxxxx").
RECITALS:
1. The Company and Xxxxxxx have executed that certain Stock Option
Agreement dated as of the 26th day of January, 2000 (the "Stock Option
Agreement") as amended by the First, Second, Third, Fourth and Fifth Amendments
to Stock Option Agreement dated March 31, 2000, May 31, 2000, June 16, 2000,
July 31, 2000 and October 10, 2000, respectively.
2. As of the date of this Sixth Amendment to Stock Option Agreement,
the Company and/or its designee has exercised the right to purchase, as
reflected in that certain Stock Purchase Agreement by and between the Company
(or its assignee) and Xxxxxxx dated as of the 16th day of June, 2000, 100,000 of
the 2,425,000 shares originally optioned under the Stock Option Agreement.
3. Pursuant to that certain letter agreement by and between the
Company, Take-Two Interactive Software, Inc. and Xxxxxxx dated of equal date
herewith, the Company released 1,333,333 million of the 2,425,000 shares
originally optioned under the Stock Option Agreement, resulting in 991,667
Company shares still beneficially owned by Xxxxxxx that are subject to this
Stock Option Agreement.
3. 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 Sixth Amendment, 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 STOCK OPTION AGREEMENT. The Stock Option Agreement is
hereby amended as follows:
A. By deleting the first sentence of 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 beginning with the date of this Agreement and ending on March 1, 2001
(the "Option Period")."
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. Nothing herein
shall be construed to abrogate the aforementioned Stock Purchase Agreement or
the Escrow Agreement by and between the Company, Xxxxxxx and Xxxxxx, Xxxxx &
Xxxxxxx, LLP f/k/a Xxxxxx, Xxxxxxxxxx & Xxxxxxx, LLP dated as of June 16, 2000.
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/ Xxxxxxx Xxxxxxx
--------------------------------
Xxxxxxx Xxxxxxx
00 Xxxxx Xxxx
Xxxxxxxxxxx, XX 00000
eUniverse, Inc.
By: /s/ Xxxx Xxxxxxxxx
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Its: Chairman
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