Document:

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                                                                    EXHIBIT 10.6

                                OPTION AGREEMENT

      This Option Agreement is delivered this June 25, 2002, by Princeton Video
Image, Inc. ("PVI"), to Cablevision Services Corp ("Cablevision"), in order to
induce Cablevision to authorize and direct its subsidiary corporation, PVI
Holding, LLC, to execute, deliver and perform under that certain Note Purchase
and Security Agreement, dated the date hereof (the "Agreement"). All capitalized
terms used but not defined herein shall have the meanings given to them in the
Agreement. For good and valuable consideration, the receipt and sufficiency of
which is hereby acknowledged, the parties hereto agree as follows:

      1.    Grant. PVI grants to Cablevision, or to its designated Affiliate as
defined below and their respective successors and assigns, the option (the
"Option") to purchase a sole, exclusive, perpetual, fully paid up, royalty free
license (the "License") in the United States of America, its territories and
possessions (collectively, the "Territory") to use, make, have made, sell, offer
to sell, modify and create derivative works of all Technology of PVI and its
Affiliates and grant sublicenses to use, make, have made, sell, offer to sell,
modify and create derivative works of all Technology of PVI and its Affiliates
subject to all license, sublicense and other rights agreements involving the
right to use the Technology held by customers of PVI or its Affiliates or other
third parties, if any, that may be outstanding on the date of exercise;
provided, however that until the expiration or termination of this Option
Agreement PVI shall not grant any license of or option to license the Technology
to any third party outside the ordinary course of business and shall be
expressly prohibited from granting any exclusive license or option for an
exclusive license with respect to the Technology to any third party in the
Territory. Upon the Closing (as defined below), such License shall supersede any
other agreement that the parties may have regarding Cablevision's use of the
Technology in the Territory. Until the expiration or termination of this Option
Agreement, PVI shall give written notice to Cablevision of any agreements that
PVI or its Affiliates enter into with respect to the Technology, whether written
or oral and whether or not in the ordinary course of business and shall state,
with reasonable specificity the terms of such agreements.

      For purpose of this Option Agreement, "Technology" shall refer to all
industrial and intellectual property, including without limitation all domestic
patents, patent applications, patent rights, any continuing or related patent
applications thereto, trademarks, trademark applications, common law trademarks,
internet domain names, trade names, service marks, service mark applications,
common law service marks, and good will associated therewith, copyrights, in
both published and unpublished works, whether registered or unregistered,
copyright applications, licenses, know-how, trade secrets, technical data,
designs, confidential and proprietary information, processes and formulae, all
computer software programs (including source codes), layouts, inventions and any
improvements thereof, development tools and all documentation and media
constituting, describing or relating to the above, including manuals, memoranda,
and records, and whether such intellectual property has been created, applied
for or obtained anywhere throughout the world that is used, owned or controlled
by or on behalf of PVI or its Affiliates or licensed to PVI or its Affiliates
including without limitation the L-VIS System (as such term is defined in the
L-VIS System License Agreement) and the iPoint Technology (as such term is
defined in the iPoint Technology License Agreement) as of the date the Option is
exercised.
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      For the purpose of this Option Agreement, the term "Affiliate" shall be
defined as follows: with respect to any entity, "Affiliate" shall mean any
Person controlled by such entity. For these purposes, "control" shall refer to
(a) the possession, directly or indirectly, of the power to direct the
management, policies or television operations of such Person, whether through
the ownership of voting securities, by contract or otherwise, or (b) the
ownership, directly or indirectly, of at least 50% of the voting securities or
other ownership interest of a Person. For purposes of this Agreement, National
Sports Partners (or its affiliate which operates the national "Fox Sports Net")
shall be considered to be an Affiliate of Cablevision. "Person" shall mean any
individual, corporation, partnership, limited liability company, joint venture
or other entity.

      Upon Closing (as defined in Section 4), neither PVI nor its Affiliates
shall have any rights in the Territory to use, make, have made, sell, offer to
sell, sublicense or otherwise exploit or commercialize the Technology, but PVI
and its Affiliates shall retain all rights to use, make, have made, sell, offer
to sell, sublicense or otherwise exploit or commercialize the Technology outside
of the Territory.

      2.    Deadline; Option Period. Subject to Section 7, Cablevision may
exercise the Option at any time from March 31, 2003 until 5:00 p.m. New York
time on June 30, 2003 (the "Deadline"). As used herein, the term "Option Period"
shall refer to that period commencing on March 31, 2003 and concluding on (i)
the later of the date on which the Election Period (as defined below) ends or,
if applicable, the approval of the stockholders of PVI required by Section 5 is
obtained; or (ii) the date on which this Option Agreement is terminated in
accordance with its terms.

      3.    Purchase Price.

            (a)   The purchase price for the License shall be the Fair Market
Value of the License as of the date of exercise, as determined in accordance
with Section 3(b) hereof. Cablevision may offset the unpaid balance of the
Convertible Debt against payment of the Purchase Price.

            (b)   The "Fair Market Value" shall be determined by a qualified
appraiser (as defined below). When making its determination, such qualified
appraiser shall consider (i) all bona fide offers to purchase the Technology, or
parts thereof, received by PVI from any person or entity other than Cablevision,
PVI and their respective Affiliates (each a "Third Party"), (ii) all license,
sublicense and other rights agreements or encumbrances affecting the value of
the Technology, including without limitation the benefits conferred and the
burdens imposed by all existing licenses of the Technology to Cablevision and
other parties, and all existing limitations on PVI's rights to transfer the
Technology and (iii) the relative risks and rewards associated with continued
development and commercialization of the Technology based upon its state of
development and commercialization at the time the Option is exercised including
the costs of developing a viable product and bringing it to market (to the
extent not already viable and ready for market at the time the Option is
exercised). In reaching its determination, such qualified appraiser shall be
prohibited from considering the specific consideration paid or payable for the
license granted to Cablevision from PVI pursuant to that certain license
agreement of even date herewith between Cablevision and PVI concerning the
iPoint Technology and the parties hereto

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acknowledge and agree that any fees paid in connection with such license and the
absence of future running royalties being payable in connection with such
license are not necessarily indicative of the Fair Market Value of the
Technology.

            (c)   If the parties are unable to agree upon the identity of the
qualified appraiser within 10 business days of PVI's receipt of the Election
Notice (as defined in Section 4), PVI and Cablevision shall each choose an
appraiser, who in turn shall jointly choose a qualified appraiser within the
next 10 business days, which jointly chosen appraiser shall make the valuation.
If the two initial appraisers cannot agree on a third appraiser within such 10
business day time limit, either party may apply to the American Arbitration
Association to appoint a qualified appraiser in accordance with its rules on an
expedited basis. The determination of Fair Market Value by the qualified
appraiser chosen in accordance with the foregoing provisions shall be
conclusive, final and binding on all parties. Cablevision shall be responsible
for all costs of the appraisal, but shall be entitled to deduct one half of such
costs from the Purchase Price if Cablevision chooses to exercise its right to
acquire the License pursuant to the terms of this Option Agreement.

            (d)   For purposes of this Section 3, a "qualified appraiser" shall
be deemed to mean an independent nationally recognized investment banking firm
with expertise in valuation of proprietary technologies and businesses similar
to those of PVI that has no other material business relationship or affiliation
with either entity or their respective Affiliates, and who agrees to provide a
written appraisal to the parties within 60 days of its appointment.

      4.    Exercise of Option; Closing. Cablevision may exercise the Option by
delivering to PVI, prior to the Deadline, at the address set forth below,
written notice stating that it elects to exercise the Option (the "Election
Notice"); provided that, notwithstanding anything else in this Option Agreement
to the contrary, Cablevision shall have 10 business days after Cablevision is
notified in writing of the final determination of the Fair Market Value of the
Technology to decide whether or not to deliver the Purchase Price to PVI (such
10 business day period the "Election Period") and consummate the exercise of the
Option. If during the Election Period Cablevision notifies PVI in writing that
Cablevision elects not to deliver the Purchase Price to PVI and not to
consummate the exercise of the Option or if the Election Period expires and
Cablevision has not notified PVI of its intent to consummate the exercise of the
Option, except for Cablevision's obligations to pay for the appraisal
contemplated by Section 3(b), this Option Agreement shall terminate and be of no
further force or effect. The parties agree to cooperate and use reasonable
efforts to obtain the appraisal contemplated by Section 3(b) as soon as
practicable following PVI's receipt of the Election Notice. Following their
receipt of such appraisal in final form, the parties shall, subject to the
provisions of Section 6 and to the proviso in the first sentence of this Section
4, cooperate and use reasonable efforts to schedule a closing on the sale of the
License (the "Closing") as soon as practicable. At the Closing, Cablevision
shall deliver the Purchase Price to PVI in cash, net of 50% of the costs of the
appraisal of Fair Market Value of the Technology pursuant to Section 3(c) above,
and PVI shall execute and deliver such other documents as the parties deem
reasonably necessary and appropriate to confirm the grant of the License and
permit Cablevision to exploit the Technology.

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      5.    Ownership of Technology; Enforcement; Infringement. PVI represents
and warrants to Cablevision that it and its Affiliates are, and shall be until
the termination or expiration of the Option Period, the sole owners of their
respective patent rights, copyrights and trade secrets and other proprietary
information and rights, or have the right to grant licenses therefor, which
comprise the Technology, and which are necessary to grant the licenses for the
Technology as provided in this Option Agreement. Except as otherwise permitted
hereunder or under the Note Purchase and Security Agreement of even date
herewith (the "Note Purchase Agreement"), neither PVI nor its Affiliates shall
sell, loan, exchange, assign, deliver, or transfer the Technology or otherwise
dispose of any material part of the Technology or any of their respective
material rights in or to the Technology. Except as otherwise permitted hereunder
or under the Note Purchase Agreement, neither PVI nor its Affiliates shall
voluntarily: (i) permit any other security interest to attach to any of the
Technology; (ii) permit the Technology to be levied upon under any legal
process; or (iii) permit anything to be done that may impair the value of any of
the Technology or the security intended to be afforded by this Option Agreement.
Except as otherwise permitted hereunder or under the Note Purchase Agreement,
PVI or its Affiliates, as applicable, shall use reasonable commercial efforts to
defend the title to the Technology against all persons and all claims and
demands whatsoever and shall keep the Technology free and clear of all liens,
charges, encumbrances, taxes and assessments not in existence of the date
hereof; provided, however, that Cablevision shall, upon exercise of the Option
and payment of the consideration therefor, acquire the exclusive right to
control the use and protection of the Technology in the Territory, including,
without limitation, the first right, but not the duty, to institute infringement
actions against any Third Party. If Cablevision does not institute an
infringement proceeding against an offending Third Party, PVI shall have the
right, but not the duty, to institute such an action, provided that Cablevision
shall also appear as a party as licensee and shall have the right to assume
control of any infringement proceeding instituted by PVI by reimbursing PVI for
all of the reasonably documented out-of-pocket costs and expenses incurred by
PVI in connection therewith. Further, if PVI does not defend a challenge to the
validity or enforceability of PVI's Technology by a Third Party outside of the
Territory, and if a U.S. counterpart of the PVI Technology exists, Cablevision
shall have the right, but not the duty, to defend such challenge outside of the
Territory, at Cablevision's expense and in cooperation and coordination with
PVI, provided that PVI shall also appear as a party as owner and shall have the
right to assume control of any defense of such challenge from Cablevision by
reimbursing Cablevision for all of the costs and expenses incurred by
Cablevision in connection therewith. PVI shall execute all necessary and proper
documents and take such actions as shall be appropriate to allow Cablevision to
defend such challenge. Any award paid by Third Parties as a result of any such
action (whether by way of settlement or otherwise) shall be paid to the party
who defended, such action. If, however, both parties did so, then such award
shall be allocated between the parties in proportion to their respective costs
and expenses incurred in such action, or as they may have otherwise agreed. The
costs and expenses of any action under this Section 5 (including reasonable fees
of attorneys and other professionals) shall be borne by the party instituting
and maintaining, or defending, such action, as the case may be. If, however, the
parties together institute and maintain or defend such action, such costs and
expenses shall be borne by the parties in such proportions as they may
reasonably agree in writing. Each party shall execute all necessary and proper
documents and take such actions as shall be appropriate to allow the other party
to institute and maintain, or defend, such action,

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provided such other party has the right to do so under this Section 5. Any award
paid by Third Parties as a result of any such action (whether by way of
settlement or otherwise) shall be paid to the party who instituted and
maintained, or defended, such action, as the case may be. If, however, both
parties did so, then such award shall be allocated between the parties in
proportion to their respective injuries and contributions to the costs and
expenses incurred in such action, or as they may have otherwise agreed. If
Cablevision exercises the Option, Cablevision and PVI agree to keep the
non-public information concerning in the Technology in confidence under such
terms as they may agree to preserve the value of such information for the
benefit of both parties.

      6.    Stockholder Approval. If under applicable law or the applicable NASD
Rules, the affirmative vote of the stockholders of PVI is, in the written
opinion of PVI's outside legal counsel, necessary to approve PVI's actions taken
or to be taken in connection with this Option Agreement, then such approval will
be a prior condition to the taking of such action; and, in such event, as soon
as practicable following its receipt of notice that Cablevision elects to
exercise the Option, PVI will use its best efforts to hold a meeting of its
stockholders within 90 days for the purpose of acting upon the sale of the
License, and shall recommend that its stockholders approve such sale. PVI
acknowledges that if the exercise of the Option and the Closing of the
transactions contemplated hereby require the approval of the stockholders of
PVI, that Cablevision will be materially damaged if, after Cablevision's
election to exercise the Option, such stockholder approval is not obtained.
Accordingly, if such stockholder approval is required to consummate the exercise
of the Option but not obtained, in addition to any other remedies available to
Cablevision in equity or at law, PVI shall pay to Cablevision an amount, in
cash, equal to the sum of (i) all costs associated with ascertaining the Fair
Market Value of the Technology (including the costs of the appraisal) and (ii)
5% of the Fair Market Value of the Technology as assessed pursuant to Section
3(b) hereof.

      7.    Early Termination. This Option Agreement shall terminate and become
null and void in the event that PVI meets the Financial Test (defined below) and
gives notice to Cablevision in accordance with the last sentence of this Section
7 at any time on or before March 31, 2003. For purposes of this Option
Agreement, "Financial Test" shall mean if, at any time after the date hereof,
PVI has obtained aggregate cash proceeds (without deduction for related
transaction expenses) of at least ten million dollars ($10,000,000) by means of
any combination of (i) any equity financing and (ii) any non-refundable cash
funding that does not require PVI to incur associated liabilities, which is
received by PVI and not restricted to use by an Affiliate of PVI or subject to
any other restriction that would prevent its use of such funds for working
capital, from (A) new foreign territory license grants (excluding payments in
lieu of running royalties) (B) any non-recurring extraordinary transaction, such
as sale of special or preferential rights, that PVI may recognize as current
revenue or gain under GAAP from any new (i.e. non-current) customer, or (C) the
sale of equity by any affiliate of PVI to the extent that such funds are not
restricted to use by such Affiliate. If PVI determines that the Financial Test
is met on or before March 31, 2003, PVI shall promptly provide written notice to
Cablevision setting forth with reasonable specificity of how the Financial Test
has been met.

      8.    Entire Agreement. This Option Agreement (as amended from time to
time) and the other writings referred to herein or delivered pursuant hereto
which form a part hereof

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contain the entire agreement among the parties with respect to the subject
matter hereof and supersede all prior and contemporaneous arrangements or
understandings with respect thereto.

      9.    Further Assurances. PVI shall execute and deliver such other
documents, documentation, equipment or agreements as may be necessary or
desirable for the implementation of this Option Agreement and the consummation
of the transactions contemplated hereby, including, without limitation, if
Cablevision acquires the License pursuant to the exercise of this Option: (a)
providing all source code, object code, testing software and related equipment
necessary to understand the design, operation and maintenance of the Technology
and perform debugging and further development of the Technology; (b) providing
all existing documentation for the Technology; and (c) allowing Cablevision to
solicit key U.S. personnel of PVI and making all key personnel of PVI available
to Cablevision to provide in-person and/or telephonic assistance to Cablevision
personnel for technical assistance and/or tutorials regarding the design,
operation, maintenance, debugging and further development of the Technology for
as long as PVI retains any technical expertise relating to the Technology, PVI
shall provide all of the technical assistance described above as requested by
Cablevision. The parties agree that if Cablevision exercises its right to
acquire the License pursuant to this Option Agreement that Cablevision would not
receive the benefit of its bargain hereby without PVI's compliance with this
Section 9.

      10.   No Impairment of Rights. Nothing contained herein, including without
limitation, the exercise of the Option, shall impair the rights of Cablevision
as a secured party under that certain Note Purchase and Security Agreement of
even date herewith or the obligations of PVI under such Note Purchase and
Security Agreement. Further, PVI acknowledges and agrees that nothing contained
in this Option Agreement derogates, limits or otherwise qualifies any existing
consent or other rights of Cablevision with respect to PVI which rights may be
exercised solely in Cablevision's own best interests and without regard to the
interest of PVI or any other person.

      11.   Notices. All notices or other communications to be delivered in
connection with this Option Agreement shall be in writing and shall be
considered given when personally delivered or when mailed by registered or
certified mail, postage prepaid, return receipt requested, or when sent via
commercial courier or telecopier, directed, as follows or to such other address
as a party may designate by notice:

            (a)   If to Cablevision:

                  Cablevision Systems Corporation
                  1111 Stewart Avenue
                  Bethpage, New York 11714
                  Attn: General Counsel
                  Facsimile: (516) 803-2577

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                  With a copy (which shall not constitute notice) to:

                  Sullivan & Cromwell
                  125 Broad Street
                  New York, New York 10004
                  Attn: Robert W. Downes
                  Facsimile:  (212) 558-3588

                  With a copy (which shall not constitute notice) to:

                  Kramer Levin Naftalis & Frankel LLP
                  919 Third Avenue
                  New York, New York 10022
                  Attn: Peter A. Abruzzese
                  Facsimile: (212) 715-8000

            (b)   If to PVI:

                  Princeton Video Image, Inc.
                  15 Princess Road
                  Lawrenceville, N.J.  08648
                  Attn: Chief Executive Officer
                  Fax: 609-912-0044

                  With a copy (which shall not constitute notice) to:

                  Smith, Stratton, Wise, Heher & Brennan, LLP
                  600 College Road East
                  Princeton, New Jersey 08540
                  Attn:  Richard J. Pinto
                  Fax: 609-987-6651

      12.   Changes. The terms and provisions of this Option Agreement may not
be modified or amended, or any of the provisions hereof waived, temporarily or
permanently, except by a written instrument signed by the parties hereto.

      13.   Counterparts. This Option Agreement may be executed in any number of
counterparts, and each such counterpart hereof shall be deemed to be an original
instrument, but all such counterparts together shall constitute but one
agreement.

      14.   Governing Law. This Option Agreement shall be governed by and
construed in accordance with the laws of the State of New York, without regard
to its laws concerning conflicts of laws.

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      15.   Severability. In case any provision of this Option Agreement shall
be found by a court of law to be invalid, illegal or unenforceable, the
validity, legality and enforceability of the remaining provisions of this Option
Agreement shall not in any way be affected or impaired thereby.

      16.   Headings. The headings of the sections and subsections of this
Option Agreement are for convenience of reference only and are not to be
considered in construing this Option Agreement.

      17.   Delays or Omissions. No delay or omission to exercise any right,
power or remedy accruing to a party hereto shall impair any such right, power or
remedy, nor shall it be construed to be a waiver of any breach or default under
this Option Agreement, or an acquiescence therein, or of or in any similar
breach or default thereafter occurring; nor shall any delay or omission to
exercise any right, power or remedy or any waiver of any single breach or
default be deemed a waiver of any other right, power or remedy or breach or
default theretofore or thereafter occurring.

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      IN WITNESS WHEREOF, PVI has granted this Option.

                                    PRINCETON VIDEO IMAGE, INC.

                                    By:   /s/ Roberto Sonabend
                                       ---------------------------------------
                                    Name:  Roberto Sonabend
                                    Title: Co-CEO

ACCEPTED AND AGREED to
this 25th day of June, 2002.

CABLEVISION SYSTEMS CORP.

By:   /s/ Robert Lemle
    --------------------------
Name:  Roberto Lemle
Title: Vice Chairman and General Counsel<PAGE>
                                                                    EXHIBIT 10.7

                           PRINCETON VIDEO IMAGE, INC.
                   iPOINT(TM) TECHNOLOGY LICENSE AGREEMENT

      This Agreement is made this 25th day of June, 2002 by and between
Princeton Video Image, Inc. ("PVI") and Cablevision Systems Corporation
("Cablevision").

      In consideration for crediting $3.5 million of prepaid license fees under
the Amended and Restated L-VIS(R) System License Agreement dated as of the date
hereof (the "Restated L-VIS Agreement") the parties hereby agree as follows.

1.    DEFINITIONS.

      In addition to the terms defined elsewhere in this Agreement, the
following terms shall have the following meanings:

      1.1   "Affiliate" with respect to any person or Company, shall mean any
person or Company controlled by such first person or Company. For these
purposes, "control" shall refer to (a) the possession, directly or indirectly,
of the power to direct the management, policies or television operations of a
person or Company, whether through the ownership of voting securities, by
contract or otherwise, or (b) the ownership, directly or indirectly, of at least
50% of the voting securities or other ownership interest of a Company. For
purposes of this Agreement, National Sports Partners (or its affiliate which
operates the national "Fox Sports Net") shall be considered to be an Affiliate
of Cablevision.

      1.2   "Company" means any form of organization, entity or business,
whether or not conducted for profit.

      1.3   "Content Provider" means an entity owning or controlling video
programming content.

      1.4   "Documentation" means all operator and user manuals, training
materials, guides, specifications and other materials created or owned by or on
behalf of PVI or its Affiliates, from time to time, and associated with the use
and operation of the iPoint(TM) Technology.

      1.5   "Editing Agent" means any individual or Company that is responsible
for actual, physical manipulation of the L-VIS(R) System in order to make
insertions of Electronic Images.

      1.6   "Electronic Image" means an image that is electronically inserted
into Telecasts (by means of the L-VIS System, iPoint(TM) Technology or
otherwise).

      1.7   "Equipment" means the computer hardware and other equipment needed
to use and operate the iPoint(TM) Technology.

      1.8   "General Improvements" means all material revisions, updates,
upgrades and other modifications to the Software included in the iPoint(TM)
Technology from time to time, and the Equipment embodying and Documentation with
respect to same.
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      1.9   "Intellectual Property" means all industrial and intellectual
property, including all domestic and foreign patents, patent applications,
patent rights, know-how, trade secrets, technical data, designs, confidential
and proprietary information, processes, all computer software programs
(including source codes), records and all manuals, documentation and media
constituting, describing or relating to the above, and whether such intellectual
property has been created, applied for or obtained anywhere throughout the
world.

      1.10  "iPoint(TM) Technology" means all Intellectual Property owned or
controlled by or on behalf of or licensed to PVI or its Affiliates used in
connection with the creation of virtual, in-content (i) interactive enabled
advertising or enhancement (including branded enhancement) products where the
principal interactive functionality of such products is accomplished downstream
based on, in the first instance, interaction from individual homes or
establishments or individual receivers within a home or establishment that
results in modification, alteration, replacement or addition of video images at
such individual home, establishment or receiver, and/or (ii) targeted
advertising or enhancement (including branded enhancement) products, where the
principal functionality of such products is accomplished via downstream
real-time insertion of Electronic Images into Telecasts at any or all of
multiple distribution locations including, without limitation, via a cable
head-end, a satellite uplink facility, an Internet web server, a neighborhood
distribution site, at individual homes or establishments or individual receivers
within a home or establishment, making use of an external, independent system
for search and track functions such as PVI's L-VIS(R) System. The iPoint(TM)
Technology is currently under development and shall be deemed to include
Intellectual Property whether currently in existence or subsequently developed
by or on behalf of PVI or its Affiliates or jointly with Third Parties,
including without limitation development under the Restated Collaboration
Agreement.

      1.11  "Licensed Affiliates" means any present and future Affiliate of
Cablevision so long as it remains an Affiliate of Cablevision and agrees in
writing to be bound by the terms and conditions of this Agreement; provided,
however that Licensed Affiliates shall not include any entity, in its role as
System Operator, that Cablevision or its Affiliates acquire after the date of
this Agreement, if, after giving effect to such acquisition and together with
all prior acquisitions of such entities after such date, such acquisition adds a
net total of more than 10 million acquired subscribers (after discounting for
any subscribers sold).

      1.12  "Licensees" means Cablevision and its Licensed Affiliates.

      1.13  "Licensed Telecast" means the Telecast of any event or content that
is distributed by a System Operator that is a Licensee hereunder.

      1.14  "L-VIS(R) System" means the equipment, the software, the
documentation and the general improvements, modifications or improvements
therein or derivatives thereof which, collectively allow real-time or
post-production electronic insertion of Electronic Images into Telecasts in
which video is inserted and executed upstream, prior to distribution of the
program to individual, or groups of, viewers.

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      1.15  "Network" shall mean a channel for the dissemination of video
programming content through a television system, cable system, satellite system,
the Internet or other such similar system.

      1.16  "Restated Collaboration Agreement" means the Amended and Restated
Joint Collaboration and License Agreement dated the date hereof, between PVI and
Cablevision.

      1.17  "Software" means the computer software, in object code form,
included in the iPoint(TM) Technology and all General Improvements made
subsequent to the date of this Agreement, if any.

      1.18  "System Operator" shall mean an entity providing a system for
distributing Networks, such as the Cablevision cable distribution system or
cable modem system.

      1.19  "Telecast" means the dissemination of audio-visual content whether
by broadcast, narrow-cast, cable, satellite, closed circuit, the Internet or
otherwise.

      1.20  "Third Party" means any person or Company who or which is neither a
party nor an Affiliate of a party.

      1.21  "Trademarks" means all trademarks or trade names that PVI uses, from
time to time, with respect to the iPoint(TM) Technology.

      1.22  "Unit" means one complete L-VIS(R) System.

2.    LICENSE GRANT.

      2.1   License; Sublicense

            (a)   Subject to the terms and conditions set forth in this
Agreement (including, without limitation, Section 2.2), PVI hereby grants to
Cablevision and its Licensed Affiliates a non-exclusive, worldwide,
non-transferable, royalty-free license to use, make, have made, modify, and
create derivative works of the iPoint(TM) Technology, including without
limitation, the Software, Equipment, Documentation and General Improvements used
in connection with a Licensed Telecast using or featuring the iPoint(TM)
Technology solely for purposes of use with end user customers of a Licensee that
is a System Operator. Licensees shall use the iPoint(TM) Technology exclusively
for their own use or for the use of other Licensees.

            (b)   PVI grants to Cablevision and its Licensed Affiliates a
non-exclusive, worldwide, non-transferable, royalty-free license to use PVI's
L-VIS(R) System solely to the extent that the L-VIS(R) System is used in
connection with acts permitted under the license grant of this Section 2.1. PVI
hereby also grants to Cablevision and its Affiliates, on the same non-exclusive,
worldwide, non-transferable, royalty-free basis, the right to sublicense the
L-VIS(R) System solely for the purpose of enabling the content of a third party
Network or Content Provider for use in connection with the iPoint(TM) Technology
and for distribution by Cablevision or its Affiliates as a System Operator in
accordance with the iPoint(TM) Technology license granted in this Section 2.1.
In addition, at Cablevision's request, PVI agrees to convey to such third party

                                     - 3 -
<PAGE>
Networks or Content Providers a non-exclusive license on commercially reasonable
terms acceptable to PVI, to the L-VIS(R) System for such other purposes as the
content rights holder reasonably requests, provided such requested license does
not conflict with rights previously granted by PVI and its Affiliates to Third
Parties.

            (c)   (i) PVI hereby grants to Cablevision and its Licensed
Affiliates a non-exclusive, worldwide, non-transferable, royalty-free license to
disclose and provide in confidence the iPoint(TM) Technology to Third Parties to
the extent the iPoint Technology will be used by such Third Parties solely on
behalf of Cablevision and its Affiliates in connection with acts permitted under
the license granted in this Section 2.1 on behalf of Cablevision or it
Licensees. In addition, at Cablevision's request, PVI agrees to convey to such
Third Parties a non-exclusive license on commercially reasonable terms
acceptable to PVI, to the iPoint(TM) Technology for such other purposes as the
Third Parties reasonably request, provided such requested license does not
conflict with rights previously granted by PVI and its Affiliates to Third
Parties. (ii) PVI hereby grants to Cablevision and its Licensed Affiliates, to
the extent such Licensees are a Network or Content Provider, a non-exclusive,
worldwide, non-transferable, royalty-free license to enable content owned or
controlled by Cablevision and/or its Affiliates for use in connection with the
iPoint(TM) Technology and for distribution by a third party System Operator (to
the extent the third party System Operator is independently licensed to use the
iPoint(TM) Technology). Consistent with this grant, PVI shall not charge any
System Operator a higher royalty or other fee for iPoint(TM) Technology based on
the fact that Cablevision or its Licensed Affiliate is the Content Provider or
Network being distributed over such third party System Operator's system than it
charges for such iPoint(TM) functionality with respect to any other Content
Provider or Network distributed over such system. Also consistent with this
grant, if PVI charges any System Operator different royalties for iPoint(TM)
Technology based upon whether or not the Content Provider or Network is also
paying PVI a royalty, Cablevision and its Licensed Affiliates shall be treated
as if they have paid a royalty.

      2.2   Restrictions on Use. In addition to other restrictions and
limitations which may be imposed by this Agreement:

            (a)   Unless otherwise provided herein or under the Restated
Collaboration Agreement, Licensees shall not market the Software, the Equipment,
any General Improvement of the iPoint(TM) Technology, or any part thereof, other
than in connection with the insertion of Electronic Images into Licensed
Telecasts, in accordance with the terms and conditions of this Agreement.

            (b)   Except as set forth in Section 2.1 or otherwise permitted in
accordance with the other terms of this Agreement or the Restated Collaboration
Agreement, Licensees shall not: (i) sublicense, lease, sell, assign, rent or
otherwise transfer to others, or otherwise dispose of, the Software, the
Documentation, the Equipment, any General Improvement or any other part of the
iPoint(TM) Technology; (ii) use the iPoint(TM) Technology for any purpose other
than in connection with the Licensed Telecasts; or (iii) transfer, assign,
relicense or otherwise dispose of its rights under this Agreement.

                                     - 4 -
<PAGE>
      2.3   Compliance with Standards. Licensees acknowledge that any use of the
iPoint(TM) Technology in violation of applicable laws or regulations and
commonly recognized governmental, community or industry standards would cause
severe and irreparable injury to PVI's reputation and legitimate business
interests. Notwithstanding anything contained in this Agreement to the contrary,
and in addition to Licensee's obligations under 2.4(a), Licensees shall not
knowingly use the iPoint(TM) Technology in any manner inconsistent with any
applicable laws or regulations and any commonly recognized governmental,
community or industry standards, or in a manner that has not been approved by
the rightsholders, sponsors, advertisers and broadcasters of the Licensed
Telecast in question.

      2.4   Obligations of Licensor.

            (a)   PVI agrees to continue the current iPoint(TM) Technology
development program to develop a commercially deployed iPoint(TM) Technology
product and once developed and deployed, to continue to support its iPoint(TM)
Technology for the longer of (i) five (5) years after commercial deployment of
the iPoint Technology by Cablevision or its Licensed Affiliates or (ii) for as
long as PVI supports its iPoint(TM) Technology for any other customer.

            (b)   Upon request by Cablevision, PVI shall promptly deliver to
Cablevision the Software, Documentation and other equipment needed to use the
iPoint(TM) Technology as contemplated under this Agreement including without
limitation any modifications, supplements or revisions thereof; provided,
however, this Section 2.4 applies only to iPoint(TM) Technology in existence at
the time of the request, and shall not require PVI to create and deliver
anything not already created and developed. In accordance with Section 2.6, PVI
shall promptly provide all technical assistance reasonably requested by
Cablevision to facilitate Cablevision's use and operation of the iPoint(TM)
Technology at PVI's direct cost.

      2.5   Obligations of Licensees.

            (a)   Licensees and/or their respective designee(s) shall be
responsible for obtaining and maintaining any governmental authorizations
(including, without limitation, any equipment export or import licenses), and
for negotiating any arrangements with Telecast rightsholders, necessary to
enable Licensees to use the iPoint(TM) Technology as contemplated in this
Agreement, including, without limitation, obtaining any and all required rights
and permissions (all such authorizations, arrangements, rights and permissions,
collectively, "Required Permissions").

            (b)   It is understood that Licensees may have arrangements with one
or more Editing Agents for Licensed Telecasts. The license rights granted by PVI
to Licensees to use the iPoint(TM) Technology shall be extended to such Editing
Agents solely for their use in connection with Licensed Telecasts and the
provisions of Sections 2.3, 2.4, 2.8, 2.10(b), 3.2, 3.4 and 4 shall apply to
such Editing Agent. Each Licensee shall be responsible for compliance by its
Editing Agents with such terms.

                                     - 5 -
<PAGE>
            (c)   Subject to the other terms of this Agreement, Licensees shall
maintain complete editorial control over the use of the iPoint(TM) Technology in
connection with Licensed Telecasts, including without limitation the right to
determine the location, content and appearance of the Electronic Images.

      2.6   Training. As Licensees may reasonably request from time to time, PVI
shall provide training and technical assistance in the use and operation of the
iPoint(TM) Technology (to the extent developed at the time of Licensee's
request) to members of Licensee's technical staff or Editing Agents to enable
such individuals to use and operate the iPoint(TM) Technology properly. The
dates and locations for such training shall be as mutually agreed upon by the
parties. Licensees shall pay PVI for PVI's direct costs (as reasonably
documented by PVI) to provide such training, including labor costs, travel, meal
and lodging expenses of any PVI personnel in connection with providing such
training.

      2.7   Maintenance Support. At a Licensee's request, PVI shall use
reasonable commercial efforts to make its technical personnel available to such
Licensee, at no charge to such Licensee, during non-business hours for emergency
telephone consultations during the Telecast of a specific event.

      2.8   Ownership. Licensees acknowledge and agree that PVI owns the
iPoint(TM) Technology, including all of the Software, Equipment, Documentation
and any General Improvements, and all copies thereof, all updates and
modifications thereto made by or on behalf of PVI and all right, title and
interest in and to all patents, patent rights, copyrights, Trademarks, service
marks, trade secrets and confidential or proprietary information relating
thereto. Except as specifically set forth in Section 2.1 of this Agreement,
Licensees acknowledge that, by virtue of this Agreement, Licensees do not have,
and will not obtain, any right, title or other proprietary interest in or to any
of the foregoing, except as may be provided under the Restated Collaboration
Agreement and/or the Restated L-VIS Agreement entered into by the parties.

      2.9   Improvements. From time to time as reasonably requested by
Licensees, PVI shall deliver to Licensees, and provide Licensees' technical
staff with any necessary training concerning, any General Improvements that
exist. Licensees acknowledge and agree that PVI shall not be obligated to create
any General Improvements. PVI shall provide General Improvements to Licensees
without charge, except that Licensees shall reimburse PVI for its direct costs
in connection with the purchase, shipment, insurance, etc. of any Equipment
embodying such General Improvements, promptly after PVI's presentation of an
invoice for such expenses, provided that Licensees shall have, pursuant to this
Agreement, a license to any improvements to the extent such improvements relate
to the functionality of the iPoint(TM) Technology.

      2.10  Grant of Trademark License.

            (a)   Subject to the terms and conditions set forth in this
Agreement (including, without limitation, Section 2.2), PVI hereby grants to
Licensees a non-exclusive, worldwide, royalty-free non-transferable license to
use the Trademarks in connection with Licensees' exploitation of the iPoint(TM)
Technology under the license granted in Section 2.1.

                                     - 6 -
<PAGE>
            (b)   Licensees shall use the Trademarks only in such form and
manner as shall be approved from time to time by PVI, including without
limitation the identification of PVI as the owner of such Trademarks, and in
accordance with all applicable laws and regulations in the Territory. Licensees
shall not use the Trademarks in any manner that may jeopardize the significance,
distinctiveness or validity thereof. All of Licensees' uses of the Trademark
shall inure to the benefit of PVI. Licensees shall not use the Trademarks in
combination with any other trademark, trade name or logo of its own or of any
Third Party to create a composite trademark or logo, without the prior written
consent of PVI. If any Licensee becomes aware of any infringement of the rights
of PVI in the Trademarks in the Territory, such Licensee will promptly notify
PVI in writing and will join and assist PVI at PVI's sole cost and expense, if
such assistance is required, in taking steps as PVI may reasonably request for
the protection of PVI's rights.

            (c)   PVI makes no warranty with regard to the validity of the
Trademarks or the registration thereof.

      2.11  Good Faith Incidental Telecasts. The parties acknowledge that
Telecasts utilizing the iPoint(TM) Technology cannot be made to conform exactly
to specified end users or customers. As a result, a Licensee's good faith use of
the iPoint(TM) Technology pursuant to the license granted in Section 2.1 may
result in Telecasts beyond the scope of the license grant in Section 2.1. No
such good faith, incidental Telecast(s) by a Licensee shall constitute a breach
of any obligation of the Licensee or Licensees under this Agreement and the
Licensees shall not be required to make any payment to or otherwise separately
compensate PVI or any third party on account thereof (provided that Licensees do
not collect any incremental revenue associated with the use of iPoint(TM)
Technology with such unlicensed Telecasts).

3.    LIMITED WARRANTY; INTELLECTUAL PROPERTY; DISCLAIMERS; EXCLUSIONS.

      3.1   Limited Warranty.

            (a)   PVI represents and warrants that it owns all of the iPoint(TM)
Technology, or has the right to grant licenses therefor and which are necessary
to grant the licenses for the iPoint(TM) Technology as provided in this
Agreement.

            (b)   The iPoint(TM) Technology is still under development for
commercial use, and until PVI determines to make it available to Third Parties
for commercial use, PVI makes no warranty of any kind (other than as set forth
in Section 3.1(a)) concerning the use and operation of any iPoint(TM) Technology
product. From and after the time when PVI releases a commercial product based on
the iPoint(TM) Technology, PVI warrants that the Units will operate with the
iPoint(TM) Technology substantially in accordance with the Documentation when
operated as a unit with the intended software on the intended hardware and
operating system environment. PVI does not warrant, however, that operation of
the iPoint(TM) Technology or Units operating with the iPoint(TM) Technology
shall be uninterrupted or error free. This warranty shall not apply if errors or
problems result from Licensees' negligence or improper use of such Units.
Licensees shall

                                     - 7 -
<PAGE>
notify PVI in writing of its claim for any such failure to conform. If the
iPoint(TM) Technology or any Unit operating with the iPoint(TM) Technology fails
to perform in accordance with this warranty, Licensees' exclusive remedy, and
PVI's sole obligation under this warranty, shall be limited to the correction or
replacement, as soon as practicable, of the iPoint(TM) Technology or such Unit
which is cause of the error. If PVI is unable, after expenditure of reasonable
commercial efforts, to replace the defective part or correct program errors in
the iPoint(TM) Technology, Licensees may, elect to continue use of the Unit with
such defects and errors, as is, or terminate this Agreement. PVI's warranty
obligation with respect to a specific Unit with the iPoint(TM) Technology shall
be void if such Unit, or any portion thereof, is modified by Licensees without
PVI's written consent.

      3.2   Limitation of Warranty. THE LIMITED WARRANTY PROVIDED IN SECTION 3.1
IS THE ONLY WARRANTY WITH RESPECT TO THE iPoint(TM) TECHNOLOGY. PVI DOES NOT
MAKE, AND LICENSEES DO NOT RECEIVE, ANY OTHER WARRANTY, EXPRESS OR IMPLIED, AND
ALL OTHER WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE
WITH RESPECT TO THE iPoint(TM) TECHNOLOGY, THE DOCUMENTATION OR ANY SERVICES
FURNISHED UNDER THIS AGREEMENT ARE EXPRESSLY EXCLUDED.

      3.3   Intellectual Property Enforcement, Infringement; Indemnification.

            (a)   With respect to any claims of infringement with respect to a
patent, copyright, or trade secret which covers the iPoint(TM) Technology or any
portion thereof, PVI shall have the first right, but not the duty, to institute
infringement actions against Third Parties. If PVI does not institute an
infringement proceeding against an offending Third Party, Licensees shall have
the right, but not the duty, to institute such an action, provided that PVI
shall also appear as a party as licensor and shall have the right to assume
control of any infringement proceeding instituted by Licensees by reimbursing
Licensees for all of the costs and expenses incurred by Licensees in connection
therewith.

            (b)   PVI shall defend, at its expense, any action brought against
Licensees to the extent that such action is based on a claim that the use of the
iPoint(TM) Technology, within the scope of this Agreement, infringes any patent,
trade secret or copyright, other than claims to the extent arising from
Licensee's failure to obtain Required Permissions.

            (c)   PVI shall indemnify Licensees from and against any costs,
damages or fees incurred, including amounts paid in settlement (provided, so
long as PVI is defending such action at PVI's expense and has confirmed that
such action is fully subject to PVI's indemnification obligation hereunder, that
any such settlement made at PVI's expense is approved by PVI, such approval not
to be unreasonably withheld), by Licensees in any action under this Section 4.3
which are attributable to claims that the use of the iPoint(TM) Technology
(including any General Improvements), within the scope of this Agreement,
infringes any patent, trade secret or copyright, other than claims to the extent
arising from Licensee's failure to obtain Required Permissions. Licensees shall
notify PVI promptly in writing of any such claim, (provided that such notice
shall not constitute a condition precedent to indemnification hereunder) and
shall provide at PVI's expense, all available information, and reasonable
assistance and authority to

                                     - 8 -
<PAGE>
enable PVI to defend it. Licensees shall also permit PVI to defend, compromise
or settle such claims as long as such compromise or settlement is at no cost to
Licensees, includes a complete release of Licensees and does not purport to
materially restrict any Licensee's future activity.

            (d)   The costs and expenses of any action under this Section 3.3
(including reasonable fees of attorneys and other professionals) shall be borne
by the party instituting and maintaining, or defending, such action, as the case
may be. If, however, the parties together institute and maintain or defend such
action, such costs and expenses shall be borne by the parties in such
proportions as they may reasonably agree in writing. Each party shall execute
all necessary and proper documents and take such actions as shall be appropriate
to allow the other party to institute and maintain, or defend, such action,
provided such other party has the right to do so under this Section 3.3. Any
award paid by Third Parties as a result of any such action (whether by way of
settlement or otherwise) shall be paid to the party who instituted and
maintained, or defended, such action, as the case may be. If, however, both
parties did so, then such award shall be allocated between the parties in
proportion to their respective injuries and contributions to the costs and
expenses incurred in such action, or as they may have otherwise agreed.

            (e)   In the event that the iPoint(TM) Technology, or any part
thereof, becomes or in PVI's opinion is likely to become the subject of a claim
of infringement, PVI may: (i) procure for Licensees, at no cost to Licensees,
the right to continue to use the iPoint(TM) Technology, (ii) replace or modify
the iPoint(TM) Technology, at no cost to Licensees, to make the iPoint(TM)
Technology non-infringing, provided that the same functions at comparable levels
are performed by the replaced or modified system, or (iii) if the right to
continue to use cannot be reasonably procured or the iPoint(TM) Technology
cannot be reasonably replaced or modified, terminate this Agreement.

            (f)   THIS SECTION 3.3 STATES THE ENTIRE LIABILITY OF PVI WITH
RESPECT TO INFRINGEMENT OF PATENTS, TRADE SECRETS OR COPYRIGHTS BY THE
iPoint(TM) TECHNOLOGY, AND PVI SHALL HAVE NO ADDITIONAL LIABILITY WITH RESPECT
TO ANY ALLEGED OR PROVEN INFRINGEMENT.

      3.4   Exclusion and Disclaimer of Damages.

            (a)   NEITHER PARTY SHALL HAVE ANY LIABILITY FOR INDIRECT,
INCIDENTAL, SPECIAL, CONSEQUENTIAL OR EXEMPLARY DAMAGES, INCLUDING, WITHOUT
LIMITATION, LOSS OF ANTICIPATED REVENUE OR OTHER DAMAGES ARISING FROM THE LOSS
OF USE OF THE iPoint(TM) TECHNOLOGY, INCLUDING WITHOUT LIMITATION DAMAGES
ARISING FROM ANY EVENT GIVING RISE TO TERMINATION UNDER SECTION 5, EVEN IF
EITHER PARTY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.

            (b)   PVI'S TOTAL LIABILITY FOR DAMAGES UNDER THIS AGREEMENT (OTHER
THAN FOR DAMAGES RESULTING FROM PVI'S BREACH OF ITS OBLIGATIONS SET FORTH IN
SECTIONS 3.1(a) OR 6.2)) SHALL NOT EXCEED THE

                                     - 9 -
<PAGE>
TOTAL AMOUNT OF PAYMENTS RECEIVED BY PVI FOR THE LICENSES GRANTED UNDER THIS
AGREEMENT.

            (c)   THE FOREGOING LIMIT CONTAINED IN CLAUSE (b) ABOVE SHALL NOT
APPLY TO THE EXTENT DAMAGES RESULT FROM PVI'S GROSS NEGLIGENCE OR WILLFUL
MISCONDUCT.

            (d)   IN THE EVENT OF ANY LITIGATION BETWEEN THE PARTIES UNDER THIS
AGREEMENT THAT IS FINALLY ADJUDICATED (INCLUDING ALL JUDICIAL APPEALS) RESULTING
IN MONETARY DAMAGES BEING AWARDED TO A PREVAILING PARTY, THE LOSING PARTY IN ANY
SUCH LITIGATION SHALL PAY THE ACTUALLY INCURRED REASONABLE OUTSIDE ATTORNEYS
FEES OF THE PREVAILING PARTY.

4.    CONFIDENTIAL AND PROPRIETARY INFORMATION.

      4.1   Confidential and Proprietary Information.

            (a)   Licensees acknowledge and agree that the iPoint(TM) Technology
constitutes a valuable asset of PVI and that the information contained in the
iPoint(TM) Technology, and any other information that PVI has disclosed or
discloses to Licensees prior to the date hereof or during the Term, as the case
may be, which PVI indicated or indicates at the time of disclosure is
confidential, is confidential and proprietary information of PVI (all such
information collectively, the "Information"). Each Licensee agrees that for a
period of five years after any termination of this Agreement, it will not,
without PVI's prior written consent, directly or indirectly, (i) reveal, report,
publish, disclose or transfer any Information to any Third Party other than
Licensee's agent or representative, or (ii) use any Information for any purpose
or for the benefit of any Third Party, except as expressly authorized in this
Agreement. Each Licensee shall make reasonable efforts to notify and inform its
agents, representatives and employees who have access to the iPoint(TM)
Technology or any Information of such Licensee's limitations, duties and
obligations regarding non-disclosure and use of the Information. Licensees shall
not, and shall not permit any of their respective agents, representatives or
employees, to remove any proprietary or other legends or restrictive notices
contained in or included in any Information. In no event shall Licensees use
less care to maintain the confidentiality of the Information than they use to
maintain the confidentiality of their own confidential and proprietary
information.

            (b)   "Confidential and Proprietary Information" shall not include
any information which (a) was rightfully in the Licensee's possession prior to
receipt from PVI other than through prior disclosure by PVI; (b) now is or
hereafter becomes available to the public (including, without limitation, any
information filed with any governmental agency and available to the public)
other than as the result of a disclosure by the Licensee in breach hereof, (c)
becomes available to the Licensee on a nonconfidential basis from a source other
than PVI which the Licensee does not believe is prohibited from disclosing such
information to the Licensee prior to, any disclosures made by PVI to the
Licensee of such information. Additionally, PVI agrees that the Licensee shall
have no obligation with respect to any disclosure of Confidential

                                     - 10 -
<PAGE>
and Proprietary Information to the extent it is required to be disclosed by the
Licensee by order of a court of competent jurisdiction, administrative agency or
governmental body, or by any law, rule or regulation, or by subpoena, or any
other administrative or legal process, or by applicable regulatory or
professional standards, or in connection with any judicial or other proceeding;
provided that if Licensee is required to make any such disclosure of information
Licensee will give reasonably prompt notice of such requirement to PVI to permit
PVI to make application to contest or limit such disclosure.

      4.2   Verification. PVI shall have the right to have its representatives
visit the sites where the Units are located at all reasonable times and upon
reasonable notice to verify the appropriate use and protection of the
Information.

      4.3   Specific Performance. Each party acknowledges that monetary damages
alone would not adequately compensate either party in the event of a breach of
this Agreement and that, in addition to all other remedies available at law or
in equity, either party shall be entitled to seek injunctive relief for the
enforcement of its rights, without the posting of bond or other security, and to
seek an accounting of profits made during the period of such breach.

5.    NOTICE OF BREACH/TERMINATION

      (a)   PVI shall notify Cablevision (in addition to the relevant Licensee)
and Cablevision shall notify PVI, of any alleged breach of this Agreement.

      (b)   PVI shall have the right to terminate this Agreement, and all
licenses granted hereunder, for breach of the obligations under this Agreement
by Cablevision (or any of its Licensed Affiliates) that represents material
repeated egregious conduct that is not cured within thirty (30) days of
Cablevision's receipt of notice from PVI of acts alleged to constitute such
conduct (unless such conduct cannot be cured within thirty (30) days, in which
case Cablevision shall have a reasonable time to cure). PVI shall only have the
obligation to provide notice to Cablevision of such alleged acts prior to
termination in the first instance of such alleged conduct by Cablevision.

6.    MISCELLANEOUS.

      6.1   Relationship. This Agreement shall not be construed as creating a
partnership, joint venture or employment relationship between the parties, and
nothing contained herein shall be construed as causing either party to be the
employee, agent or representative of the other. Neither party shall make any
warranties or representations, or incur any obligations whatsoever, on behalf of
or in the name of the other party.

      6.2   Representations and Warranties. Each party hereby represents and
warrants to the other as follows:

            (a)   Such party has the power to execute, deliver and perform this
Agreement in accordance with its terms;

                                     - 11 -
<PAGE>
            (b)   Such party's execution, delivery and performance of this
Agreement, and the consummation of the transactions contemplated hereby, have
been duly authorized by all requisite corporate action on the part of such
party, have received all required governmental approvals and do not and will not
violate any provision of law or other agreement to which such party is subject;

            (c)   Such party has obtained all governmental approvals required in
connection with the execution of this Agreement and the performance of all of
such party's obligations hereunder; and

            (d)   This Agreement, when executed by such party, shall constitute
the valid and legally binding obligation of such party, enforceable in
accordance with its terms.

      6.3   Assignment. Licensees may not grant, assign, sublicense or otherwise
convey this Agreement or its rights and obligations hereunder, in whole or in
part, to any Third Party, except as specifically provided otherwise in this
Agreement. Any such purported assignment by Licensees shall be void. This
Agreement shall be binding upon the successors and permitted assigns of the
parties, and the name of a party appearing herein shall be deemed to include the
names of such party's successors and permitted assigns to the extent necessary
to carry out the intent of this Agreement.

      6.4   Indemnification by Licensees; No Limitation of Liability.

            (a)   In addition to the specific remedies stated in this Agreement,
Licensees shall indemnify and hold PVI harmless from and against any demands,
claims or liability resulting from or arising out of the Licensee's breach of
its obligations under Sections 2.4(c) and 2.9(b).

            (b)   In no event shall the maximum coverage provided by any
policy(ies) of insurance that Licensees are required to maintain hereunder
constitute a limitation on Licensees' liability under this Agreement.

      6.5   Force Majeure. Neither party shall be liable to the other for loss
or damages or shall have any right to terminate this Agreement for any default
or delay attributable to any act of God, flood, fire, explosion, strike,
lockout, labor dispute, shortage of raw materials, casualty or accident, war,
revolution, civil commotion, act of public enemies, blockage or embargo,
injunction, law, order, proclamation, regulation, ordinance, demand or
requirement of any government or subdivision, authority or representative of any
such government, or any other cause beyond the reasonable control of such party,
if the party affected shall give prompt notice of any such cause to the other
party. The party giving such notice shall thereupon be excused from such of its
obligations hereunder as it is thereby disabled from performing for so long as
it is so disabled and for 30 days thereafter.

      6.6   Notices. All notices and communications required or permitted under
this Agreement shall be in writing and delivered by any method providing for
proof of delivery. Any notice shall be deemed to have been given on the date of
receipt. Notices shall be delivered to a

                                     - 12 -
<PAGE>
party at the address for such party as set forth in the Note Purchase and
Security Agreement (or at such other address for a party as shall be specified
by like notice, provided that notices of a change of address shall be effective
only upon receipt thereof).

      6.7   Waiver. No provision of this Agreement shall be waived by any act,
omission or knowledge of a party or its agents or employees except by an
instrument in writing expressly waiving such provision and signed by the waiving
party. The waiver by either party of the breach of any provision of this
Agreement shall not operate or be construed as a waiver of any other or
subsequent breach thereof.

      6.8   Severability. The provisions of this Agreement are severable, and if
any one or more of these provisions is held to be invalid or unenforceable, in
whole or in part, the remaining provisions and any partially enforceable
provision shall be and remain binding and enforceable.

      6.9   Further Actions. Each party agrees to execute, acknowledge and
deliver such further instruments, and to do all such other acts, as may be
necessary or appropriate in order to carry out the purposes and intent of this
Agreement.

      6.10  Governing Law. The rights and obligations of the parties hereto
shall be governed by and construed in accordance with the laws of the State of
New York without regard to conflicts of law principles.

      6.11  Compliance with Law. Nothing in this Agreement shall be deemed to
permit a party to export, re-export or otherwise transfer any Unit without
compliance with all applicable laws.

      6.12  Amendment. No amendment, modification or supplementation of any
provision of this Agreement shall be valid or effective unless made in writing
and signed by a duly authorized officer of PVI and Cablevision.

      6.13  Descriptive Headings. The descriptive headings of this Agreement are
for convenience only, and shall be of no force or effect in construing or
interpreting any of the provisions of this Agreement.

      6.14  Counterparts. This Agreement and all of the Schedules hereto may be
executed simultaneously in two counterparts, either one of which need not
contain the signature of more than one party, but both such counterparts taken
together shall constitute one and the same instrument.

      6.15  Entire Agreement. This Agreement, including all of the Schedules
hereto, as may be added to or amended from time to time, constitutes the entire
agreement of the parties with respect to the subject matter hereof and
supersedes any and all prior negotiations, correspondence, understandings and
agreements, whether oral or written, between the parties respecting the subject
matter hereof.

                                     - 13 -
<PAGE>
      6.16  No Third Party Beneficiaries. Nothing in this Agreement, express or
implied, is intended to, or shall, confer upon any Third Party (other than the
Licensed Affiliates) any legal or equitable right, benefit or remedy of any
nature whatsoever.

      6.17  Stand Alone. Each of this Agreement, the Restated Collaboration
Agreement and the Restated L-VIS Agreement are independent agreements and the
rights and obligations of the parties under this Agreement are independent of
the rights and obligations of the parties under the other agreements.

                                      * * *

ACCEPTED AND AGREED TO PVI:            ACCEPTED AND AGREED TO LICENSEES:

By: /s/ Roberto Sonabend               By:  /s/ Robert S. Lemle
   ----------------------------            ------------------------------------
Name:  Roberto Sonabend                Name:  Robert S. Lemle
     --------------------------             -----------------------------------
Title: Co-CEO                          Title: Vice Chairman and General Counsel
      -------------------------              ----------------------------------
Date: June 25, 2002                    Date:  June 25, 2002
      -------------------------             -----------------------------------

                                     - 14 -

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00041-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00041-of-00352.parquet"}]]