Assume (1). Consider an arbitrary $\epsilon>0$. Then because $\epsilon>0$, there exists a $k> 0$ such that
$$0 < \lvert x-a \rvert < k \Rightarrow \lvert f(x)-L \rvert < \varepsilon $$
In particular, when $\delta=k/2$,
$|x-a| \le \delta$ implies $|x-a| < k$
implying $\lvert f(x)-L \rvert < \varepsilon$
implying $\lvert f(x)-L \rvert \le \varepsilon$. Thus (2) holds.
Conversely, assume (2). Consider an arbitrary $\epsilon>0$. Then because $\epsilon/2>0$, there exists a $k> 0$ such that
$$0 < \lvert x-a \rvert \le k \Rightarrow \lvert f(x)-L \rvert \le \varepsilon/2 $$
In particular, when $\delta=k$,
$|x-a| < \delta$ implies $|x-a| \le \delta$
implying $\lvert f(x)-L \rvert \le \varepsilon/2$
implying $\lvert f(x)-L \rvert < \varepsilon$. Thus (1) holds.