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Exhibit 4.25

# AGREEMENT

THIS
AGREEMENT (the Agreement) is made and entered into as
of May __, 2005 (the Effective Date) by and between
Cornell Capital Partners, LP(Cornell), Elbit
Vision Systems, Ltd.(EVS) and David Gonzalez, Esq,
as escrow agent (Escrow Agent).

# RECITALS:

WHEREAS,on August 26, 2004 (i) EVS executed a certain Promissory Note (the
Note) in favor of Cornell in the initial principal amount
of Four Million Dollars (US$4,000,000), and (ii) all of the parties hereto entered into a
certain Pledge and Escrow Agreement (the Escrow Agreement); and

WHEREAS,
Butler Gonzalez LP, which acted as Escrow Agent under the Escrow Agreement, assigned its
rights and obligations under the Escrow Agreement to David Gonzalez, Esq., pursuant to
Section 13 of such Agreement;

WHEREAS,
the parties wish to amend the terms of the Note and have come to certain understandings
with respect to certain of the terms of the Escrow Agreement, which they wish to be
reflected in this Agreement

NOW,
THEREFORE, in consideration of the mutual covenants and agreements, herein contained,
and for other good and valuable consideration, the receipt and sufficiency of which is
hereby acknowledged, the parties hereto agree as follows:

| | 1. | To
amend the terms of the Note as follows:
| | -- | ------------------------------------------

| | 1.1 | Section
2a, of the Note is hereby amended by deletion of the following:
| | --- | -----------------------------------------------------------------------

The principal amount of this Promissory
Note (Note) shall not accrue interest during the initial 120 days after the
date hereof. Interest shall accrue at a rate of 1% per 30 days for the subsequent 90 days
thereafter. Interest shall accrue at a rate of 2% per 30 days thereafter.

| | 1.2. | Section
2b(i), (ii), (iii) and (iv) of the Note are hereby amended by their           entire
deletion and replacement with the following:
| | ---- | -----------------------------------------------------------------------------------------------------------------------------------------

2b.    
          Payment Schedule. The remaining amount repayable under this
          Note is $3,120,000. The Company shall pay the principal amount due hereunder in
          accordance with the repayment schedule set forth in Schedule
          A attached hereto. The principal amount shall bear interest per
          month at a rate equal to the sum of two percent (2%) and the then current Prime
          Rate, as quoted by the Wall Street Journal four days prior to any payment made
          by the Company, divided by twelve ({2%+then Prime Rate}/12). 

| | 1.3. | Schedule
A hereto, shall become Schedule A to the Note.
| | ---- | -------------------------------------------------------

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| | 1.4. | Except
as set forth herein, the provisions of the Note shall remain unchanged                and
in full force and effect.
| | ---- | --------------------------------------------------------------------------------------------------------------------------

| | 2.     Return
of Advance Notices The parties acknowledge that forty-two           (42) of the
advance notices delivered by EVS to the Escrow Agent in accordance           with
Sections 4.1 and 7 of the Escrow Agreement (the Advance           Notices),
were delivered by the Escrow Agent to Cornell           pursuant thereto. The parties
hereby agree that upon the Effective Date, the           Escrow Agent shall return all
seven (7) of the of the Advance Notices remaining           unexpired in its possession
to EVS, immediately following which all of the           Escrow Agents obligations
under Section 4 and 7 of the Escrow Agreement           shall cease. Except as set forth
herein, the provisions of the Escrow Agreement           shall remain unchanged and in
full force and effect.
| | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 3.    Binding
Effect.All of the covenants and obligations contained           herein shall be
binding upon and shall inure to the benefit of the respective           parties, their
successors and assigns.
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 4.    Governing
Law; Venue; Service of Process. The validity,           interpretation and
performance of this Agreement shall be determined in           accordance with the laws
of the State of New Jersey applicable to contracts made           and to be performed
wholly within that state except to the extent that Federal           law applies. The
parties hereto agree that any disputes, claims, disagreements,           lawsuits,
actions or controversies of any type or nature whatsoever that,           directly or
indirectly, arise from or relate to this Agreement, including,           without
limitation, claims relating to the inducement, construction, performance           or
termination of this Agreement, shall be brought in the state or Federal           courts
located in Hudson County, New Jersey, and the parties hereto agree not to
          challenge the selection of that venue in any such proceeding for any reason,
          including, without limitation, on the grounds that such venue is an
inconvenient           forum.
| | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 5.    Counterparts. This
Agreement may be executed in one or more           counterparts, each of which shall be
deemed an original, but all of which           together shall constitute the same
instrument.
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

| | 6.    Entire
Agreement. This Agreement constitutes the entire           agreement
between the parties hereto and supersedes all prior agreements,           understandings
and arrangements, oral or written, between the parties hereto           with respect to
the subject matter hereof. No agreement or representations, oral           or otherwise,
express or implied, with respect to the subject matter hereof have           been made
either party which are not expressly set forth in this Agreement.
| | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

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

|EVS:                          ELBIT VISION SYSTEMS, LTD.     
By:    /s/ Yaky Yanay
Name: __________________________
Title:   CFOESCROW AGENT                  
                               
                               
By:      /s/ David Gonzalez
Name:    David Gonzalez, Esq. | Cornell:CORNELL CAPITAL PARTNERS, LPBy:       Yorkville Advisors, LLCIts:       General Partner
By:  /s/ Mark Angelo & /s/ Matt Beckman
Name:      Mark Angelo              Matt Beckman
Title:     Portfolio Manager       Managing Partner
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

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# SCHEDULE A

# Repayment Schedule

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