EXHIBIT 48 AMENDMENT NO. 1, dated as of November 25, 2002 (this "Amendment"), to the AMENDED AND RESTATED LIMITED LIABILITY LIMITED PARTNERSHIP AGREEMENT (the "Partnership Agreement") of VIVENDI UNIVERSAL ENTERTAINMENT LLLP (the "Partnership") dated...Usa Interactive • February 20th, 2003 • Television broadcasting stations • Delaware
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USA INTERACTIVEEquity Warrant Agreement • February 20th, 2003 • Usa Interactive • Television broadcasting stations • New York
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February 12, 2003 Deutsche Bank Securities Inc. One South Street Baltimore, Maryland 21202 Ladies and Gentlemen: Vivendi Universal, S.A. ("Vivendi"), as the selling securityholder (the "Selling Securityholder") under the Warrant Purchase Agreement (as...Usa Interactive • February 20th, 2003 • Television broadcasting stations
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