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                                                                   EXHIBIT 10.48

                                 AMENDMENT NO. 1
                                       TO
                           RESTRICTED STOCK AGREEMENT

        THIS AMENDMENT NO. 1 TO RESTRICTED STOCK AGREEMENT ("Amendment") is made
and entered into as of August 16, 2000 by and among INTERVISUAL BOOKS, INC. (the
"Company") and STEVEN D. ADES and LAURIE LEVIT, as co-trustees of THE STEVEN
ADES AND LAURIE LEVIT REVOCABLE FAMILY TRUST U/T/D April 18, 1991 ("Trust").

                                 R E C I T A L S

        A. In connection with the merger of Fast Forward Marketing, Inc. ("FFM")
with and into a subsidiary of the Company pursuant to the Agreement and Plan of
Merger dated March 29, 1999, the Trust was issued 594,940 shares of the Common
Stock of the Company ("Shares").

        B. In accordance with the Merger Agreement, the Trust entered into a
Restricted Stock Agreement dated May 13, 1999 by and among the Company, the
Trust and certain other Shareholders ("Restricted Stock Agreement"). Unless
otherwise defined in this Amendment, capitalized terms used in this Amendment
shall have the same meanings given to them in the Restricted Agreement.

        C. Concurrently with this Amendment the Company and Steven Ades have
agreed to modify his Employment Agreement with the Company and as a condition to
such modification the parties have agreed to execute and deliver this Amendment.

                                A G R E E M E N T

                For good and valuable consideration, receipt and sufficiency of
which is hereby acknowledged, the parties agree as follows.

        1. Cumulative Rights to Sell. The right of the Trust to sell up to 10%
of the Shares each year free and clear of the restrictions as set forth in
Paragraph 1.C(i) of the Restricted Stock Agreement shall accumulate from year to
year to the extent not exercised.

        2. Additional Rights to Sell. In addition to the foregoing rights to
transfer and any other rights of transfer set forth in the Restricted Stock
Agreement, the Trust shall have the right to transfer 6,000 additional shares of
each month beginning in August 2000 and the right to transfer such additional
shares shall also be cumulative.

        3. Modification and Conflicts. Except as expressly amended, modified or
supplemented herein, all of the terms and conditions of the Restricted Stock
Agreement remain in full force and effect; provided however, in the event of any
conflict between

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the provisions of the Restricted Stock Agreement and the provisions of this
Amendment, the provisions of this Amendment shall control.

        4. Counterparts. This Amendment may be executed in two or more
counterparts, each of which shall be deemed an original, but all such
counterparts taken together will constitute one and the same instrument.

        5. Governing Law. This Amendment shall be governed by and construed,
interpreted and enforced in accordance with the laws of the State of California.

                IN WITNESS WHEREOF, the parties have executed this Amendment as
of the date first above written.

/s/ Steven D. Ades                         INTERVISUAL BOOKS, INC., a California
--------------------------------------     Corporation
Steven D. Ades, as Trustee of the
Steven Ades and Laurie Levit Revocable
Family Trust UTD April 18, 1991

                                           By: /s/ Waldo H. Hunt
                                              ----------------------------------

/s/ Laurie Levit                           By: CEO
--------------------------------------        ----------------------------------
Laurie Levit, as Trustee of the
Steven Ades and Laurie Levit Revocable
Family Trust UTD April 18, 1991

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                                                                   EXHIBIT 10.49

                                 AMENDMENT NO. 2
                                       TO
                          AGREEMENT AND PLAN OF MERGER

        THIS AMENDMENT NO. 2 TO AGREEMENT AND PLAN OF MERGER ("Amendment") is
made and entered into as of August 16, 2000 by and among INTERVISUAL BOOKS, INC.
("Parent"), FAST FORWARD MARKETING, INC. (formerly FFM Acquisition Corp.)
("Company") STEVEN D. ADES, individually ("Ades") and STEVEN D. ADES and LAURIE
LEVIT, as co-trustees of THE STEVEN ADES AND LAURIE LEVIT REVOCABLE FAMILY TRUST
UTD April 18, 1991 ("Trust").

                                 R E C I T A L S

        A. Parent, Company, Ades and the Trust, among others, entered into an
Agreement and Plan of Merger dated March 29, 1999 ("Merger Agreement") which was
amended pursuant to Amendment No. 1 thereof dated April 29, 1999. Unless
otherwise defined in this Amendment, capitalized terms used in this Amendment
shall have the same meanings given to them in the Merger Agreement.

        B. The parties hereto desire to make certain amendments to the Merger
Agreement with regard to the covenant not to compete contained in Article IX of
the Merger Agreement.

                                A G R E E M E N T

                For good and valuable consideration, receipt and sufficiency of
which is hereby acknowledged, the parties agree as follows.

        1. Period. Section 9.1 of the Merger Agreement is hereby amended so that
the covenant not to compete contained in Section 9.1 shall terminate as follows:

                (a) In the event Ades voluntarily ceases to be employed by
Parent or is terminated by Parent for "Cause" as defined in the Amended and
Restated Employment Agreement dated on or about the date hereof between Ades and
Parent (the "Employment Agreement"), then upon the earlier of (i) May 14, 2003
or (ii) 12 months after Ades' employment with Parent ceases; or

                (b) In the event Ades' employment with Parent is terminated by
Parent without "Cause" (as defined in the Employment Agreement) and the Sales
Representative Agreement dated on or about the date hereof is terminated by the
Company without cause, then upon the date which is six months after such
termination.

        2. Scope. For the purpose of determining the scope of the covenant not
to compete contained in Section 9.1 of the Merger Agreement, the phrase "the
business

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presently conducted by the Company or the Parent" shall mean the creation,
production and distribution of interactive books and playsets and pop-up books
and the distribution of video tapes, DVDs, and other video products (as
distinguished from the players of such products, which are not covered by the
covenant). Ades and Shareholder reaffirm that the agreements and covenants
contained in Article IX of the Merger Agreement, as modified herein, are
reasonable as to scope and time and necessary to protect the legitimate
interests of Parent and the Company.

        3. Modification and Conflicts. Except as expressly amended, modified or
supplemented herein all of the terms and conditions of the Merger Agreement
remain in full force and effect; provided, however, in the event of any conflict
between the provisions of the Merger Agreement as previously amended and the
provisions of this Amendment No. 2, the provisions of this Amendment shall
control.

        4. Counterparts. This Amendment may be executed in two or more
counterparts, each of which shall be deemed an original, but all such
counterparts taken together will constitute one and the same instrument.

        5. Governing Law. This Amendment shall be governed by and construed,
interpreted and enforced in accordance with the laws of the State of California.

        IN WITNESS WHEREOF, the parties have executed this Amendment as of the
date first above written.

/s/ Steven D. Ades                         INTERVISUAL BOOKS, INC., a California
-------------------------------------      Corporation
Steven D. Ades

/s/ Steven D. Ades                         By:   /s/ Waldo H. Hunt
-------------------------------------          ---------------------------------
Steven D. Ades, as Trustee of the              Name:    Waldo H. Hunt
Steven Ades and Laurie Levit Revocable         Title:   Chief Executive Officer
Family Trust UTD April 18, 1991

/s/ Laurie Levit                           FAST FORWARD MARKETING, INC., a
-------------------------------------      California corporation
Laurie Levit, as Trustee of the
Steven Ades and Laurie Levit Revocable
Family Trust UTD April 18, 1991

                                           By:   /s/ Dan Reavis
                                               ---------------------------------
                                               Name:    Dan Reavis
                                               Title:   President

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                                                                   EXHIBIT 10.50

                        AMENDMENT TO CONSULTING AGREEMENT

        This Amendment to Consulting Agreement (this "Amendment") is made and
entered into as of the 29th day of August, 2000, by and between Intervisual
Books, Inc., a California corporation (the "Company"), and Charles E. Gates, an
individual ("Consultant").

                                  R E C I T A L

        A. The Company and Consultant previously entered into a Consulting
Agreement dated as of the first day of November, 1996 (the "Consulting
Agreement"), and the parties hereto desire to amend the Consulting Agreement as
provided for in this Amendment.

        NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto agree as
follows:

        1. Amendment of Term of Engagement. The date "December 31, 2001" found
in Section 2 of the Consulting Agreement is hereby amended and revised to read
"May 31, 2003."

        2. Amendment of Section 4.c. Section 4.c. of the Consulting Agreement is
hereby amended so that commencing in August 2000 the Company's payments shall be
amended to $5,000 per month (instead of $10,000) and shall continue through May
31, 2003. No other benefits shall be paid by the Company.

        3. Modifications and Amendments. Except as specifically amended or
modified as provided for in this Amendment, the terms of the Consulting
Agreement shall remain in full force and effect. To the extent there is an
inconsistency between the terms of this Amendment and the terms of the
Consulting Agreement, the terms of this Amendment shall prevail.

        The parties hereto have executed this Amendment effective as of the date
indicated above.

                                       "COMPANY"

                                       INTERVISUAL BOOKS, INC., a California
                                       corporation

                                       By:  /s/ WALDO H. HUNT
                                           -------------------------------------
                                       Name:   Waldo H. Hunt
                                       Title:  Chairman

                                       "CONSULTANT"

                                       CHARLES E. GATES, an individual

                                       /s/ CHARLES E. GATES
                                       -----------------------------------------
                                       Charles E. Gates

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