Document:

SOFTWARE LICENSE AGREEMENT

   This Agreement ("Agreement") is entered into and is effective as of August
   27, 2001 ("Effective Date") by and between ATI Technologies, Inc., an Ontario
   corporation with a place of business at 33 Commerce Valley Drive East,
   Markham, Ontario Canada L3T 7N6 ("ATI"), on behalf of itself and its
   subsidiaries, and Evans & Sutherland Computer Corporation, a Utah corporation
   with a place of business at 600 Komas Drive, Salt Lake City, Utah 84158 USA
   ("Licensee").

                                    ARTICLE I

                                   DEFINITIONS

  1.1        "Confidential Information" shall mean:

(a)         The  Source  Code  of the  Licensed  Software,  and  any  associated
            information in any form, including manuals, and specifications.

(b)         All trade secrets and other proprietary ideas,  concepts,  know-how,
            methodologies  and all  information  incorporated in and relating to
            the Licensed Software, Products or any ATI ASIC or software used, or
            planned to be used, in conjunction therewith.

(c)         All  enhancements,   upgrades,  modifications,   revisions  and  new
            versions of the Source Code of the Licensed Software.

(d)         Any other  information  described or  designated as  proprietary  or
            confidential   whether  or  not  owned  or  developed  by  ATI,  and
            information disclosed to ATI by a third party which ATI is obligated
            to treat as confidential. Confidential Information shall not include
            information  which  belongs to Licensee  or is (i) already  known by
            Licensee  without an  obligation of  confidentiality,  (ii) publicly
            known or becomes  publicly known (other than as result of any breach
            of this Agreement or any other agreement between the parties hereto)
            through no unauthorized act of Licensee,  (iii) rightfully  received
            by Licensee from a third party that is not a party to this Agreement
            without  an  obligation  of   confidentiality,   (iv)  independently
            developed   by  Licensee   without  the  use  of  the   Confidential
            Information and Licensee can prove such independent development,  or
            (v) prior to any disclosure, is specifically approved in writing for
            disclosure by ATI.

1.2 "Derivative Work(s)" shall mean a work or authorship which is based upon the
Licensed Software, or any portion thereof, such as a revision, modification,
port, translation, abridgment, condensation, expansion, collection, compilation,
or any other form in which the Licensed Software or portion thereof may be
recast, transformed or adapted, and which, in the absence of this Agreement or
other authorization by AT[, would constitute an infringement of ATI's copyright
therein.

1.3 "Licensed Purpose" shall mean the development of software applications,
including driver software, to operate solely on or with Licensee's high end
personal computer image generator products which incorporate ATI's Products and
related software technology, and the support of such products.

1.4 "Licensed Software" shall mean the ATI software provided to Licensee as
identified in Attachment A, together with any associated information in any
form, including manuals, and specifications, all trade secrets and other
proprietary ideas, concepts, know-how, methodologies and all information
incorporated in and relating to the Licensed Software, the Products or any ATI
ASIC or software used, or planned to be used, in conjunction therewith, and all
enhancements, upgrades, modifications, revisions and new versions of the Source
Code of the Licensed Software.

1.5 "Object Code" shall mean the machine readable form computer programming code
as opposed to the human readable form of computer programming code.

1.6 "Products" means the ATI chip products currently code named 8200, 8300,
8350, Theater and Bridget.

1.7 "Site" shall mean the Licensee premises at the address set out above,
together with Licensee premises located at 600 Komas Drive, Salt Lake City, Utah
84158, USA.

1.8 "Source Code" shall mean the human readable form computer programming code
and related system level documentation, including all comments and any
procedural code such as job control language.

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                                   ARTICLE II
                                     LICENSE

2.1 License. ATI grants Licensee a non-exclusive, perpetual, , non-transferable,
non-assignable,  limited license (i) to use, copy,  modify and create Derivative
Works of the Source Code of the Licensed Software  internally at the Site solely
for the Licensed Purpose, (ii) to copy,  distribute,  perform, and sublicense to
end users,  in Object Code form only,  through all its channels of  distribution
worldwide,  the Source Code of the  Licensed  Software and  Derivative  Works so
developed  from the Source  Code of the  Licensed  Software,  and (iii) to copy,
modify,  create Derivative Works of and redistribute  written materials provided
with the Licensed Software which is clearly intended for such purposes. Licensee
may not  distribute,  market,  or  sublicense  the Source  Code of the  Licensed
Software.  Provided the Licensee  remains in compliance  with its obligations in
subsection  2.2 and section  3.1,  Licensee's  license  rights  with  respect to
Derivative Works will survive  notwithstanding  any expiration or termination of
this Agreement.

2.2  Restrictions.  Restrictions  regarding  Licensee's use of the  Confidential
Information  regardless  of  whether  the  Licensee  received  the  Confidential
Information  before,  on, or after the Effective Date of this Agreement,  are as
follows:

  a)        Licensee shall use Confidential  Information solely for the Licensed
            Purpose,  and shall  protect  the  confidentiality  of  Confidential
            Information  with the same  degree  of care that it  exercises  with
            respect to its own information of like import,  but in no event less
            than  reasonable  care,  during the term  hereof and for a period of
            five (5) years thereafter.
  b)        Licensee shall limit access to and use of the Confidential
            Information only to those of its employees identified on Attachment
            B as having a "need to know" to allow Licensee to fulfill the
            Licensed Purpose (the "Authorized List'); such list, may be amended
            in writing from time to time by written agreement of the parties.
  c)        Licensee shall ensure that its employees identified on the
            Authorized List are advised of the confidential nature of the
            Confidential Information and that it may only be divulged to other
            members of the Authorized List.
  d)        Licensee shall not permit any of its employees assigned to REALimage
            series chip and related software development to have access to the
            Confidential Information.
  e)        Licensee shall not make or permit others to make any paper or
            electronic copies of the Confidential Information, in whole or in
            part, except as reasonably required to fulfill the Licensed Purpose
            or as otherwise authorized by ATI in writing; provided that on all
            such copies Licensee shall reproduce all notices, including without
            limitation, copyright and confidentiality notices, on the
            Confidential Information.
  f)        In the event that Licensee uses any of the Confidential  Information
            to develop software,  Licensee shall not distribute that software to
            a third party who could  reasonably be considered an AT[  competitor
            in any format or level of detail  which  would give the third  party
            recipient  visibility  into  the  design  and  operation  of the AT[
            hardware intended to work in conjunction with the Licensed Software.
            For greater certainty,  but without  limitation,  Licensee shall not
            distribute to any third party ATI competitor the Source Code form of
            any software that directly calls on ATI hardware registers.  Nothing
            in this  subsection  will prevent  Licensee  from  distributing  the
            Licensed  Software and Derivative Works of the Licensed  Software in
            Object Code form to end users under the terms of Licensee's end user
            license agreement in accordance with Section 2.1 above.
  g)        NOTWITHSTANDING ANYTHING ELSE EXPRESSED OR IMPLIED IN THIS
            AGREEMENT, IN NO EVENT SHALL LICENSEE USE THE CONFIDENTIAL
            INFORMATION, INCLUDING THE SOURCE CODE OF THE LICENSED SOFTWARE AND
            ALL DERIVATIVE WORKS THEREOF, TO ENABLE, SUPPORT OR OTHERWISE AID
            LICENSEE OR A THIRD PARTY TO DEVELOP TECHNOLOGY COMPETITIVE WITH THE
            ATI TECHNOLOGY EMBODIED IN OR RELATING TO THE CONFIDENTIAL
            INFORMATION.

                                   ARTICLE III

                        PROTECTION OF PROPRIETARY RIGHTS

3.1  Confidentiality.  When not  specifically  governed  by  section  2.2 above,
Licensee's  obligations  with  respect to the  proprietary  rights of ATI are as
follows:

(a)         Licensee  shall use at least the same means it uses to  protect  its
            own  confidential  information,  but  in any  event  not  less  than
            reasonable  means,  to prevent  the  disclosure  and to protect  the
            proprietary nature of the Confidential Information.

3.2 Inspection.  Licensee grants to ATI the right, at any time during Licensee's
normal business hours,  upon reasonable  advance notice, to inspect any premises
where any portion or component  of the Source Code of the  Licensed  Software is
located for the sole purpose of verifying Licensee's  compliance with Licensee's
obligations,  provided  that ATI complies  with all security and safety rules in
effect at the Site.

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                                   ARTICLE IV
                        OWNERSHIP AND FUTURE DEVELOPMENT

4.1 ATI  Ownership.  Licensee  acknowledges  and  agrees  that the  Confidential
Information,  including  without  limitation,  the Source  Code of the  Licensed
Software  and all  intermediate  and partial  versions  thereto,  including  all
modifications,  improvements,  enhancements,  updates, and bug fixes, Derivative
Works;  and all  intellectual  property  rights  therein,  are and will  remain,
subject to the provisions of Section 4.2, the sole and exclusive property of ATI
or a third party which may license parts of the Confidential Information to ATI.
Licensee shall have no right, title or interest therein,  except for the license
granted herein and in accordance with the provisions of Section 4.2. If provided
to Licensee, such versions, modifications,  improvements, enhancements, updates,
and bug fixes shall be deemed to be Confidential Information and are licensed to
Licensee  pursuant  to the terms of this  Agreement.  Licensee  waives all moral
rights it may have in such Derivative Works without further consideration.

4.2 Ownership of Derivative Works. As of the date hereof, Licensee acknowledges
and agrees that it has no ownership or other rights to any intellectual property
embodied in the Licensed Software or the Confidential Information. With respect
to Derivative Works of the Licensed Software, ownership will be determined in
accordance with section 4.1, except that the following provisions will apply:

          (a) Subject to the terms of this Agreement, Licensee shall own and
          hold title to any intellectual property independently conceived and
          developed by Licensee or its personnel without reference to the Source
          Code of the Licensed Software and the Confidential Information,
          whether prior to or during the term of this Agreement ("Background
          Licensee IP"). The Parties agree that nothing in this Agreement is to
          be construed to grant or imply to AT[ any rights with respect to
          Background Licensee IP, except as provided for in subsection (c)
          below.

          (b) In the event Licensee has developed or develops Background
          Licensee IP capable of being incorporated into a Derivative Work and
          does not intend for ATI to have any ownership interest in such
          Background Licensee IP, Licensee will advise ATI in writing of the
          same prior to disclosing such Derivative Work to ATI in accordance
          with subsection 4.3, and upon receipt of such notice ATI will have no
          license or other rights in such Background Licensee IP, provided that
          if Licensee incorporates the Background Licensee IP into such
          Derivative Work, the provisions of subsection 4.2(c) will apply. If
          Licensee elects not to incorporate the Background Licensee IP into
          such Derivative Work, then the provisions of subsection 4.2(d) will
          apply.

          (c) To the extent Licensee incorporates Background Licensee IP into a
          Derivative Work of the Licensed Software, Licensee will retain
          ownership of such Background Licensee IP, provided that it hereby
          grants ATI a royalty free, non-exclusive, perpetual, non-transferable,
          non-assignable, limited license, solely for the development of
          software applications, including driver software, to operate solely on
          or with ATI's products and for the support of such products to: (i)
          use, copy, modify and create Derivative Works of the Background
          Licensee IP; (ii) copy, distribute, perform, and sublicense to end
          users, in Object Code form only, through all its channels of
          distribution worldwide, the Background Licensee IP and Derivative
          Works so developed from the Source Code of the Background Licensee IP,
          and (iii) to copy, modify, create Derivative Works of and redistribute
          written materials clearly intended for end users, and which does not
          disclose E&S confidential and proprietary information provided
          therewith. Licensee waives all moral rights it may have in such
          Derivative Works without further consideration.

          (d) In the event  Licensee,  after  reviewing the Source Code of the
          Licensed  Software and electing not to incorporate any, or a portion
          of any,  Background  Licensee IP into a Derivative  Work, , Licensee
          reserves the right to negotiate terms for the  incorporation of this
          Background Licensee IP into Licensed Software at a later time during
          the term of this Agreement.

4.3        Availability of Licensee Derivatives.

(a) All such Licensee Derivative Works, and any documentation relating thereto,
shall be provided to ATI at Licensee's major release points.

(b) All  Derivative  Works  provided to ATI under  subsections a) and b) of this
subsection  shall be  accompanied  by a  written  description,  at the level the
Licensee  normally  prepares in the course of its design efforts,  prepared by a

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knowledgeable  technical  person of Licensee  detailing  the changes  made,  the
functional result thereof, and the reason for making such changes, to the Source
Code of the Licensed Software.

                                    ARTICLE V
                   WARRANTY, DISCLAIMERS, AND INDEMNIFICATION

5.1 Disclaimer. Both parties represent and warrant that they have full authority
to enter  into  this  Agreement  and all of the  terms  and  conditions  herein.
LICENSED SOFTWARE PROVIDED TO LICENSEE HEREUNDER IS PROVIDED "AS IS" WITHOUT ANY
WARRANTY  WHATSOEVER.  THE ENTIRE RISK  ASSOCIATED  WITH THE USE OF CONFIDENTIAL
INFORMATION  RESIDES WITH  LICENSEE.  ALL OTHER  WARRANTIES,  EITHER  EXPRESS OR
IMPLIED, ARE DISCLAIMED,  INCLUDING,  WITHOUT LIMITATION, THE IMPLIED WARRANTIES
OF MERCHANTABILITY,  ACCURACY,  CONDITION,  OWNERSHIP,  FITNESS FOR A PARTICULAR
PURPOSE, AND/OR OF NON-INFRINGEMENT OF THIRD PARTY INTELLECTUAL PROPERTY RIGHTS.

5.2  Limitation of Liability.  EXCEPT FOR  LICENSEE'S  BREACH OF SECTIONS 2.2 or
3.1, NEITHER PARTY SHALL BE LIABLE FOR ANY INDIRECT, INCIDENTAL,  CONSEQUENTIAL,
PUNITIVE OR SPECIAL DAMAGES.

5.3  Indemnification.  Licensee agrees to indemnify,  defend,  and hold ATI, its
subsidiaries,  successors, officers, suppliers, directors and employees harmless
from any and all actions, causes of action, claims, demands, costs, liabilities,
expenses and damages, including reasonable attorneys' fees, arising out of or in
connection  with  Licensee's use of the Licensed  Software  and/or any breach of
Licensee's obligations under this Agreement.

                                   ARTICLE VI
                                 TERM AND BREACH

6.1 Term.  The term of this  Agreement  shall commence on the Effective Date and
shall  continue  for an initial  period of three (3) years  ("Term"),  and shall
automatically  renew  thereafter  for  consecutive  one  year  periods,   unless
terminated earlier in accordance with the following:

a)          In the event of a material breach by one party in the performance of
            its duties,  obligations or undertakings  under this Agreement,  the
            other  party  will  have the  right to give  written  notice  to the
            breaching party advising such party of the specific breach involved.
            If the  breaching  party has not remedied  such breach within thirty
            (30) days after such notice, the other party will have the right, in
            addition to any other rights and remedies it may have,  to terminate
            this  Agreement  immediately  upon written  notice to the defaulting
            party. The thirty (30) day cure period is not applicable to breaches
            of confidentiality or improper disclosure of proprietary  technology
            or other trade secrets.

b)          In the event  that the  Master  Sales  Agreement  dated of even date
            herewith  between  the  parties  hereto to which this  Agreement  is
            attached is  terminated  for  Purchaser's  failure to make  payments
            required  there under,  ATI shall have the right to  terminate  this
            Agreement immediately upon written notice to Purchaser.

c)          In the event that a party has been the subject of any  voluntary  or
            involuntary   proceeding   relating   to   bankruptcy,   insolvency,
            liquidation,  receivership,  composition  of or  assignment  for the
            benefit of creditors,  the other party may terminate  this Agreement
            by providing written notice to such party.

6.2 Effect of Termination.  Notwithstanding  the termination of the Master Sales
Agreement  or this  Agreement,  Licensee may continue to exercise its rights and
licenses in the Licensed  Software  under  Article II to provide  support to its
customers for products incorporating the Product.

                                   ARTICLE VII
                               GENERAL PROVISIONS

7.1 Governing Law/Jurisdiction. This Agreement will be governed by and construed
under the laws of the State of California  without reference to its conflicts of
law  principles.  The rights and  obligations  under this Agreement shall not be
governed by the United Nations Convention on Contracts or the International Sale
of Goods, the application of which is expressly excluded.

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7.2 Notices.  All notices,  requests,  demands,  and other  communications to be
given or delivered  under or by reason of the provisions of this Agreement shall
be in writing and shall be deemed given when delivered  personally upon receipt,
on the  next  business  day  when  sent by  overnight  mail,  including  without
limitation,  Federal  Express,  Express Mail or similar service to each party at
the address provided at the beginning of the Agreement.

7.3 Assignment.  Licensee's  rights and duties hereunder may not be sublicensed,
assigned or  transferred.  Any attempt by Licensee to effect such an assignment,
sublicense or transfer will  constitute a material  breach of this Agreement and
be null and void.  ATI may assign its rights and duties  hereunder to it parent,
subsidiary or affiliate or in the event of sale or merger.

7.4 Severability.  Whenever  possible,  each provision of this Agreement will be
interpreted  in such manner as to be effective and valid under  applicable  law,
but if any  provision of this  Agreement is held to be  prohibited by or invalid
under  applicable  law, the parties will negotiate in good faith to restate such
provision  to  reflect  the  original  intentions  of the  parties  as nearly as
possible in accordance with applicable law and the remaining  provisions of this
Agreement  shall be enforced  as if this  Agreement  was  entered  into with the
restated provision.

7.5  Modification;  Waiver.  This  Agreement  may be modified  only by a written
instrument  duly  executed  by or on behalf of each  party  hereto.  A waiver by
either of the parties  hereto of any of the  covenants  to be  performed  by the
other or any  breach  thereof  shall  not be  construed  to be a  waiver  of any
succeeding breach thereof or of any other covenant herein contained.

7.6  Remedies.  Except as  otherwise  provided in this  Agreement,  all remedies
provided for in this Agreement shall be cumulative and in addition to and not in
lieu of any  other  remedies  available  to  either  party at law,  in equity or
otherwise.  Licensee  acknowledges  that any disclosure or  distribution  of the
Source Code or Confidential  Information would cause  irreparable  injury to ATI
and ATI shall be entitled to seek  extraordinary  injunctive and other equitable
relief.

7.7 Entire Agreement.  This Agreement constitutes the entire agreement among the
parties  hereto with respect to the subject  matter  hereof and  supersedes  and
replaces in all respects all other prior agreements and  understandings  between
the parties hereto with respect to the subject matter hereof, whether written or
oral.

7.8  Export.  The  parties  agree to adhere to all  applicable  Export  Laws and
Regulations of the United States and Canada.

7.9 Surviving Obligations. The obligations of Sections 2.1, 2.2, 3.1, 4.2(c) and
Articles IV, V and VII shall survive any termination of this Agreement.

7.10 Similar Development.  Licensee understands that ATI may currently or in the
future be developing technology  internally,  or receiving technology from third
parties that may be similar to technology  developed by Licensee with the use of
or  access  to  ATI  Confidential  Information.  Accordingly,  nothing  in  this
Agreement will be construed as a  representation  or inference that ATI will not
develop.  products,  or have  products  developed  for it, or enter  into  joint
ventures,  alliances,  or  licensing  arrangements  that  operate  substantially
similar to and/or  compete with the technology  developed by Licensee  following
use of or access to the Confidential Information.

7.11 Residuals.  Notwithstanding  anything herein to the contrary, any party may
use Residuals for any purpose,  including without limitation use in development,
manufacture,  promotion,  sale and  maintenance  of its products  and  services;
provided  that this right to Residuals  does not  represent a license  under any
patents,  copyrights,  mask works or other  intellectual  property rights of the
disclosing  party.  The term "Residuals"  means any information  retained in the
unaided memories of the receiving  party's  employees who have had access to the
disclosing  party's  Confidential  Information  pursuant  to the  terms  of this
Agreement. An employee's memory is unaided if the employee has not intentionally
memorized  the  Confidential  Information  for  the  purpose  of  retaining  and
subsequently using or disclosing it.

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    ATI TECHNOLOGIES INC.                    "LICENSEE"
By:     /S/ Dave Orton                       By:    /S/ James R. Oyler
Name:   Dave Orton                           Name   James R. Oyler
Title:  President and CEO                    Title: President and CEO
Date:   8/27/01                              Date:  8/30/01

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                                  ATTACHMENT A

       LIST OF ATI SOFTWARE:

       R200 driver Source Code, 8300 driver Source Code, and 8350 driver Source
       Code, BIOS source code and driver Source Code for Linux OS. Source Code,
       if any, for ATI's Bridget and Theater products.

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                                  ATTACHMENT B

      AUTHORIZED USER LIST:

      Personnel of the Evans & Sutherland PC Simulation group comprise the list
      of authorized users. The current list of people include:

    Bill Armstrong
    Rob Snow
    Reese Jones
    Marie Swenson
    Megan Dearden
    Scott McCusker
    Kevin Conlin
    Thelda Jones
    Bill Myers
    Diego Escala
    Reed Tidwell
    Harrison Cooper
    Allen Mathisen
    Jim Bentley
    Jeff Kirk

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<PAGE>ASSET PURCHASE AND INTELLECTUAL PROPERTY LICENSE AGREEMENT

           THIS ASSET PURCHASE AND INTELLECTUAL PROPERTY LICENSE AGREEMENT
("Agreement") is made as of August 31, 2001 between REALVISION INC., a company
organized under the laws of Japan ("RealVision"), and EVANS & SUTHERLAND
COMPUTER CORPORATION, a corporation organized under the laws of the State of
Utah, USA ("E&S"). E&S and RealVision are collectively referred to hereinafter
as "parties," and individually, as a "party."

                 1. REALVISION'S INITIAL LICENSE OF INTELLECTUAL
               PROPERTY RIGHTS AND CONTINUED DEVELOPMENT FROM E&S

           Pursuant to the terms of this Agreement, RealVision shall pay and
deliver to E&S a total of US$6,300,000 ($5,670,000 net of 10% withholding tax)
in consideration for rights to access and to become familiar with, and to
receive a license with respect to, certain intellectual property rights of E&S,
and for continued development of the Ri5000 chip, all as more fully set forth
below in this Section 1:

           1.01 RealVision's First Payment to E&S. As of the date of this
Agreement, RealVision shall pay and deliver to E&S US$4,000,000, ($3,600,000 net
of withholding taxes) in cash or other immediately available funds (the
"RealVision First Payment").

           1.02 E&S's Initial License to RealVision. On September 7, 2001 E&S
shall, in consideration for the RealVision First Payment, (i) grant to
RealVision a right and license to access, become familiar with, and utilize
certain intellectual property imbedded in the Ri5000 chipset (limited to those
items listed under section F(2)-(4) on Appendix B), (ii) grant to RealVision
limited rights to access and view the source code for the Ri5000 chipset
(Verilog HDL) only on E&S's premises, until the RealVision Second Payment (as
defined below) is made as set forth in Section 1.03, and (iii) provide to
RealVision continued development of the Ri5000 chip, all as set forth in the
license agreement attached hereto as Appendix A; and

           1.03 RealVision's Second Payment to E&S. On or before December 1,
2001, RealVision shall pay and deliver to E&S US$2,300,000, ($2,070,000 net of
withholding taxes) in cash or other immediately available funds (the "RealVision
Second Payment").

            1.04 Boards and Ri5000 Chipsets.  When available,  E&S shall provide
RealVision  five (5)  fully  populated  boards  and upn to a total of 20  Ri5000
chipsets.

            1.05 Non-Refundable  Payments.  All payments to be made hereunder by
RealVision shall be non-cancelable and non-refundable.

            2. E&S'S PURCHASE OF ENGINEERING SERVICES FROM REALVISION

           2.01 Initial Purchase Order. On or before September 30, 2001, E&S
will issue to RealVision a purchase order in the aggregate amount of
US$1,500,000 for continued development of the GE5000 chip, a re-spin of the
GE5000 chip, and satisfaction of E&S's obligation to purchase 3,000 units of the
REALimage geometry engine pursuant to the Production Agreement between E&S and
RealVision, dated January 11, 2001 (the "Engineering Services"). The purchase
order will provide for full payment to be made by E&S to RealVision on or before
March 20, 2002.

           2.02 Second Purchase Order. On or before December 20, 2001, E&S will
issue to RealVision a purchase order in the aggregate amount of US$1,000,000 for
certain additional Engineering Services. The purchase order will provide for
full payment to be made by E&S to RealVision on or before July 15, 2002.

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            2.03 Non-Refundable  Payments.  All payments to be made hereunder by
E&S shall be non-cancelable and non-refundable.

        3. SALE OF ASSETS; FINAL LICENSE OF INTELLECTUAL PROPERTY RIGHTS

           3.01 Assets Being Sold to RealVision. On April 1, 2002 (the "Closing
Date"), E&S shall sell and transfer to RealVision and RealVision shall purchase
the assets of the REALimage Solutions Group of E&S set forth on Appendix C
(collectively, the "Purchased Assets"). On the Closing Date, E&S shall deliver
to RealVision a bill of sale and other documents necessary to transfer to
RealVision all of E&S's rights, title, and interest in and to the Purchased
Assets.

           3.02 Final License of Intellectual Property Rights. On the Closing
Date, E&S shall grant to RealVision a perpetual, world-wide, non-exclusive,
non-transferable, non-sublicensable license to utilize in video production
products and services the technology and intellectual property rights owned by
E&S and utilized in the Ri5000 Chipset (which incorporates the Ri5000 chip and
GE5000 chip, together with any enhanced or modified version thereof, and is
hereafter collectively referred to as the "Ri5000 Chipset"), which includes the
intellectual property set forth on Appendix B, as more fully set forth in the
License Agreement attached hereto as Appendix D.

           3.03 Consideration for Purchased Assets. RealVision, in consideration
for the Purchased Assets being sold pursuant to this Agreement and continued
access to and use of the intellectual property rights pursuant to Section 3.02,
agrees to pay and deliver to E&S the following:

            (a)Up to a US$6,000,000 royalty (the "Royalty") as follows:

                        (i) As an  advance  payment  for  Royalty,  US$1,000,000
            immediately upon receipt by RealVision of purchase orders, including
            purchase  orders  already  received  by  Real  Vision,   aggregating
            US$3,000,000 for product utilizing the Ri5000 Chipset; and

                        (ii)  10%  of  all  "gross   profits"   (as  defined  by
            international   Generally  Accepted  Accounting  Principles  and  in
            accordance with RealVision's past practices) received by RealVision,
            its affiliates and licensees from sales through December 31, 2004 of
            products and services utilizing the Ri5000 Chipset,  up to a maximum
            Royalty  payment  obligation  under this Section  3.03(a)(ii)  of an
            additional  US$5,000,000.  Payments  of  royalties  based  on  gross
            profits will be payable to E&S within 30 days  following  the end of
            each calendar quarter,  until the maximum Royalty payment obligation
            has been  satisfied.  Each payment will be  accompanied by a written
            report  indicating  the method by which the  Royalty  payments  were
            calculated,  including  revenues and deductions from revenues during
            the applicable period. E&S shall have the right to inspect and audit
            the books and  records of  RealVision  upon five (5) days  notice to
            ensure compliance with this Section 3.03(a)(ii).

            (b) Assumed Liabilities.  RealVision agrees to assume,  effective as
of the Closing Date,  all  liabilities  and  obligations  of E&S pursuant to the
contracts and purchase orders of E&S set forth on Appendix E-1 and shall execute
on the  Closing  Date an  Assignment  and  Assumption  Agreement  in the form of
Appendix E-2,  whereby E&S will use its best efforts to assign to RealVision and
RealVision will accept the assignment of, all of E&S' right,  title and interest
in and to and  obligations  and  liabilities  under the  contracts  set forth on
Appendix  E-1.  RealVision  is not  assuming  any  other  contractual  or  other
liability or obligation of E&S except as set forth in this Agreement on Appendix
E-1.

                                       2
<PAGE>

            3.04 Non-Refundable  Payments.  All payments to be made hereunder by
RealVision shall be non-cancelable and non-refundable.

                    4. REPRESENTATIONS AND WARRANTIES OF E&S

           E&S represents and warrants to RealVision that as of the date hereof
and as of the Closing Date:

           4.01 Organization and Good Standing. E&S is a corporation duly
organized, validly existing and in good standing under the laws of the State of
Utah, USA, and has the corporate power and authority to own, lease and operate
its properties and assets.

           4.02 Authorization; Compliance with Other Instruments and Law. E&S
has full corporate power and authority to enter into this Agreement and any
other agreements and documents to be executed and delivered by it on the Closing
Date as contemplated hereby (collectively, the "Closing Documents"), to
consummate the transactions contemplated hereby and thereby and to perform its
obligations hereunder and thereunder. The execution, delivery and performance of
this Agreement and the Closing Documents and the consummation of the
transactions contemplated hereby and thereby have been duly authorized by all
necessary corporate action on the part of E&S. This Agreement has been duly
executed and delivered by E&S, and is a valid and binding obligation of E&S
enforceable in accordance with its terms and the Closing Documents will, when
executed and delivered by E&S on the Closing Date, constitute valid and binding
obligations of E&S enforceable in accordance with their terms.

           4.03 Title to Purchased Assets. E&S has good and marketable legal
title to the Purchased Assets and on the Closing Date shall deliver to
RealVision good and marketable legal title (a) with respect to the Purchased
Assets, free and clear of all title defects, liabilities, obligations, liens,
mortgages, security interests, encumbrances, claims or similar adverse interests
of any kind or character, and (b) with respect to the licenses, trademarks,
copyrights and other intellectual property to be transferred under this
Agreement, free and clear of all liens, mortgages and security interests.

                 5. REPRESENTATIONS AND WARRANTIES OF REALVISION

           RealVision hereby represents and warrants to E&S that:

           5.01 Organization and Good Standing. RealVision is a corporation duly
organized, validly existing and in good standing under the laws of Japan and has
all requisite corporate power and authority to own, lease and operate its
properties and to carry on its business as proposed to be conducted.

           5.02 Due Authorization. RealVision has full corporate power and
authority to enter into this Agreement and the Closing Documents, to consummate
the transactions contemplated hereby and thereby and to perform its obligations
hereunder and thereunder. The execution, delivery and performance of this
Agreement and the Closing Documents and the consummation of the transactions
contemplated hereby and thereby have been duly authorized by all necessary
corporate action on the part of RealVision. This Agreement has been duly
executed and delivered by RealVision and is a valid and binding obligation of
RealVision enforceable in accordance with its terms and the Closing Documents
will, when executed and delivered by RealVision on the Closing Date, constitute
valid and binding obligations of RealVision enforceable in accordance with their
terms.

                                  6. COVENANTS

           The parties agree as follows with respect to the period between the
execution of this Agreement and the Closing Date:

                                       3
<PAGE>

           6.01 General. Each of the parties will use its reasonable efforts to
take all actions and to do all things necessary, proper, or advisable in order
to consummate and make effective the transactions contemplated by this
Agreement.

           6.02 Confidentiality. All information delivered to RealVision, or the
directors, officers, employees, agents or professional advisors of RealVision
(for purposes of this Section only, the "RealVision Group"), by E&S or the
directors, officers, employees, agents or professional advisors of E&S ("E&S
Group"), in connection with this Agreement and the transactions contemplated
hereby or in connection with any previously contemplated transaction, or to
which the RealVision Group has been provided access by the E&S Group, shall be
subject to the terms of the mutual Confidentiality Agreement dated as of August
13, 1999 between E&S and RealVision (the "Confidentiality Agreement"), which
mutual Confidentiality Agreement shall survive the Closing Date or any
termination of this Agreement.

           6.03 Operation of the REALimage Solutions Group. From the date of
this Agreement and through the Closing Date, the REALimage Solutions Group
business will be continued at a maintenance level, and expenses will be reduced
to the minimum required to continue the Ri5000 Chipset development through the
Engineering Services to be contracted for as referenced above.

           6.04 Access to Information. E&S agrees to permit RealVision and
representatives of RealVision (including, without limitation, legal counsel and
accountants) access to the premises of E&S where the Purchased Assets and
intellectual property to be licensed to RealVision hereunder are located,
following receipt of reasonable notice.

           6.05 Press Releases and Public Announcements. Except as required by
applicable law, neither party shall issue any press release or make any public
announcement relating to the subject matter of this Agreement prior to the
Closing Date, without the prior review of the other party. E&S and RealVision
shall provide to each other drafts of the press releases each party intends to
issue subsequent to the date of this Agreement.

           6.06 Termination of Existing Agreements between E&S and RealVision.
On or prior to the Closing Date, E&S and RealVision shall terminate any
agreements between E&S and RealVision (excluding any nondisclosure and
confidentiality agreements between E&S and RealVision of any kind) that existed
prior to the date of this Agreement, including, but not limited to that certain
Production Agreement between E&S and RealVision, dated January 11, 2001, and
Design Services Agreement between E&S and RealVision, dated January 11, 2001,
and E&S shall have not further obligations thereunder.

            6.07 Development Status Reports.  Within ten (10) days following the
end of each calendar  month,  E&S shall  provide to RealVision a written  report
setting forth the development status of the Ri5000 chipset.

                                7. MISCELLANEOUS

           7.01 Expenses. Each party shall be solely responsible for and bear
all of its own respective costs and expenses incurred in connection with this
Agreement and the transactions contemplated hereby.

            7.02 Binding Effect.  This Agreement shall be binding upon and inure
to the  benefit  of the  parties  hereto  and their  respective  successors  and
permitted assigns.

            7.03 No Assignment.  This Agreement may not be assigned by any party
hereto without the prior written consent of the other parties.

                                       4
<PAGE>

           7.04 Counterparts. This Agreement may be executed in any number of
counterparts, and by any party on separate counterparts, each of which as so
executed and delivered shall be deemed an original but all of which together
shall constitute one and the same instrument, and it shall not be necessary in
making proof of this Agreement as to any party hereto to produce or account for
more than one such counterpart executed and delivered by such party.

           7.05 Survival. The representations, warranties, covenants, and
agreements of the parties to this Agreement contained herein or in any document
delivered pursuant to or in connection herewith shall survive the Closing Date
and shall survive any investigation by the other party.

           7.06 Amendment and Modification. The Agreement may be amended,
modified or supplemented only by a written instrument executed by the party
against whom such amendment, modification or supplement is sought to be
enforced.

           7.07 Entire Agreement. This Agreement, including the appendices,
documents, certificates and instruments referred to herein and therein, embody
the entire agreement and understanding of the parties hereto in respect of any
transactions contemplated by this Agreement and supersede all prior agreements
and understandings between the parties with respect thereto.

           7.08 Force Majeure. Neither party will be liable to the other for
delays in or failure of performance due to causes beyond such party's reasonable
control, including, but not limited to, acts of God, acts or omissions of civil
or military authority, any rule, regulation or orders issued by any governmental
authority or by any officer, department, agency or instrumentality thereof,
fires, floods, epidemics, war, embargo, riots or national company strikes or
lockouts and other causes beyond the control of the affected party.

           7.9 Severability. In the event that any part of this Agreement is
found to be unenforceable, the remainder shall continue in effect, to the extent
consistent with the intent of the parties as of the date hereof.

           7.10 Legal Opinions. On September 28, 2001, (a) E&S shall deliver an
opinion to RealVision dated as of the date of this Agreement, from Snell &
Wilmer L.L.P., regarding the authorization and enforceability of this Agreement
in the form reasonably acceptable to RealVision and its legal counsel, and (b)
RealVision shall deliver an opinion to E&S dated as of the date of this
Agreement, from its legal counsel, regarding the authorization and
enforceability of this Agreement in the form reasonably acceptable to E&S and
its legal counsel.

           7.11 Governing Law. This Agreement shall be governed by and construed
in accordance with the internal substantive laws of the State of Utah, USA, as
to all matters, including but not limited to matters of validity, construction,
effect, performance and remedies. The prevailing party in any legal action
brought by one party against the other and arising out of this Agreement shall
be entitled, in addition to any other rights and remedies it may have, to
reimbursement for its expenses, including court costs and reasonable attorneys'
fees.

           7.12 Dispute Resolution. Any claim, dispute, or other matter in
controversy (herein called "Dispute"), whether based on contract, tort, statute,
or other legal theory (including but not limited to any claim of fraud or
misrepresentation), arising out of or related to this Agreement or the breach
hereof will be settled according to the procedures set forth in this Section
7.12 exclusively; provided, however, that (a) any party may seek preliminary
judicial relief if, in its judgment, such action is necessary to avoid
irreparable damage during the pendency of such procedures, and (b) nothing in
this Section 7.12 will prevent any party from exercising any rights of
termination or suspension under applicable law.

                                       5
<PAGE>

            (a) Direct  Negotiation.  The parties will endeavor in good faith to
promptly resolve the Dispute by direct negotiations between individuals who have
authority to settle such Dispute.

                        (i) Any party may give another party  written  notice of
            any Dispute not resolved in the normal  course of business  ("Notice
            of Dispute").  Within ten (10) days after  delivery of the Notice of
            Dispute,  the  receiving  party  will  submit to the other a written
            response.  The notice  and  response  will  include a summary of the
            Dispute and a statement  of each party's  position.  Within ten (10)
            days after delivery of the notice of dispute,  the parties will meet
            at a mutually  acceptable  time and place,  or  telephonically,  and
            thereafter as often as they reasonably deem necessary, to attempt to
            resolve the Dispute. All reasonable requests for information made by
            one party to the other will be honored.

                        (ii) All  negotiations  pursuant to this Section 7.12(a)
            shall  be  confidential  and  will  be  treated  as  compromise  and
            settlement   negotiations   for  purposes  of  applicable  rules  of
            evidence.

            (b)  Mediation.  If the  Dispute  has not been  resolved  by  direct
negotiations  within  sixty  (60)  days of the  response  (or due  date  for the
response) to the  disputing  party's  notice,  or if the parties  failed to meet
within  twenty  (20) days,  the parties  will  endeavor to settle the Dispute by
mediation in New York City, New York administered by the  International  Chamber
of Commerce  ("ICC") under its applicable  mediation rules in effect on the date
of the Notice of Dispute.

                        (i) Unless  otherwise  agreed in writing by the parties,
            mediation will be commenced by notice of demand for mediation served
            by  either  party  upon the other in the same  manner  as  otherwise
            provided for notice in this Agreement,  and with the ICC, within ten
            (10)  days  after the  expiration  of the  period  set forth in this
            Section 7.12(a) or on such other date as the parties mutually agree.
            The Notice of Demand for  mediation  will set forth with  reasonable
            specificity  the basis of the Dispute and the  performance or relief
            sought.

                        (ii) In the event  either  party to the Dispute has need
            for material  information in the possession of the other in order to
            prepare for  mediation,  the parties  will  attempt in good faith to
            agree on procedures for the exchange of such  information,  with the
            help of the mediator,  if required.  Any discovery  disputes will be
            resolved by the mediator.

                        (iii) The mediation proceedings are confidential, and no
            stenographic,  visual or audio  record  will be made.  All  conduct,
            statements, promises, offers, views, documents, records, papers, and
            opinions,  whether oral or written,  made or delivered in the course
            of the mediation  proceedings  by any of the parties to the Dispute,
            their agents, employees or representatives, and by the mediator (who
            will be the  joint  agent  of the  parties  for the  purpose  of the
            mediation   proceedings),   are   confidential   and  will  be  kept
            confidential  by all parties to the Dispute and the  mediator.  Such
            conduct,  statements,  promises, offers, views, documents,  records,
            papers,  and opinions will not be discoverable or admissible for any
            purposes,  and will not be  disclosed  to anyone  not a party to the
            Dispute,  unless required under applicable law;  provided,  however,
            that by agreement of the parties,  the  settlement  agreement may be
            converted into an arbitration  award, and the award, in turn, may be
            enforced by any court having jurisdiction.

            (c)  Litigation.  If the Dispute has not been  resolved  pursuant to
Section 7.12 of this Agreement as determined by either party, any party may file
a lawsuit with the  appropriate  federal or state court  sitting in the State of
Utah, County of Salt Lake, USA. The parties consent to jurisdiction by the state
and federal courts sitting in the State of Utah,  County of Salt Lake, USA, with
respect to any dispute arising under this Agreement,  and acknowledge  that Salt
Lake  County,  Utah,  USA,  is the  only  appropriate  place  for  venue  of any
litigation relating to any such Dispute.

            (d) Service of Process.  Each party to this Agreement  hereby waives
any service of process  requirements under any applicable  international  treaty
(to the maximum  extent  permitted by applicable  law) and also agrees to accept
service of process for any Dispute as provided in Section 7.13.

                                       6
<PAGE>

           7.13 Notices. All notices, demands, and other communications provided
for hereunder shall be in writing (including facsimile or similar transmission)
and delivered by reputable express courier or facsimile, (i) if to E&S, to 600
Komas Drive, Salt Lake City, Utah 84158, and in the case of facsimile
transmission, to telecopy no. (801) 588-4510, in each case to the attention of
President; and (ii) if to RealVision, to 3-1-1 Shin-Yokohama, Kouhoku-Ku,
Yokohama, Kanagawa, 222-0033 Japan, and in the case of facsimile transmission,
to telecopy no. 81-45-473-7330; or, as to each party, to such other person
and/or at such other address or number as shall be designated by such party in a
written notice to the other party. All such notices, demands, and
communications, if delivered by reputable express courier, shall be effective
upon the earlier of (i) actual receipt by the addressee or (ii) the date shown
on the delivery confirmation of the courier. All such notices, demands, and
communications delivered by facsimile shall be effective upon the earlier of (i)
actual receipt by the addressee, or (ii) with respect to facsimile and similar
electronic transmission, the earlier of (x) the time that electronic
confirmation of a successful transmission is received, or (y) the date of
transmission, if a confirming copy of the transmission is also mailed as
described above on the date of transmission.

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

                                 REALVISION INC.

                                    By:  /s/ Naoshi Sugiyama
                                        --------------------------------------
                                      Name: Naoshi Sugiyama
                                     Title: President and CEO

                                 EVANS & SUTHERLAND COMPUTER
                                 CORPORATION

                                    By:  /s/ James R. Oyler
                                        --------------------------------------
                                      Name: James R. Oyler
                                     Title: President and CEO

                                       7
<PAGE>

                                   APPENDIX A
                            Initial License Agreement

(1) The intellectual property to be licensed shall include: (a) documentation
for Ri5000 chip (MS Word and other text files); (b) source code for device
driver software (C-language, C++); and (c) documentation for device drivers (MS
Word and other text files) (collectively, the "Intellectual Property").

(2) The License Agreement shall grant a non-exclusive, worldwide,
non-transferable (including any business combination) and non-sublicensable
license to use the Intellectual Property.

(3) The License Agreement shall allow RealVision limited right to access and
view the source code for the Ri5000 chip (Verilog HDL) only on E&S's premises
and shall restrict RealVision from transporting or utilizing such source code
for any commercial or non-commercial purposes until the December 1, 2001 payment
of $2,000,000 is made by RealVision.

(4) The Initial License Agreement will be negotiated and executed on September
7, 2001.

                                       8
<PAGE>

                                   APPENDIX B

                           Intellectual Property List

A.         List of Active Patents Used by REALimage 5000:

1.          COMPUTER  GRAPHICS PIXEL RENDERING SYSTEM WITH MULTI-LEVEL  SCANNING
            (Patent # US 6236408, Issued 20010522)
2.          COMPUTER  GRAPHICS PIXEL RENDERING SYSTEM WITH MULTI-LEVEL  SCANNING
            (Patent # US 5821944, Issued 19981013)
3.          COMPUTER  GRAPHICS PIXEL RENDERING SYSTEM WITH MULTI-LEVEL  SCANNING
            (Patent # US 5598517, Issued 970128)
4.          SYSTEM FOR LINE INTERPOLATION FOR COMPUTER GRAPHICS DISPLAYS (Patent
            # US 5381519, Issued 950110)
5.          SYSTEM FOR POLYGON  INTERPOLATION  USING  INSTANTANEOUS  VALUES IN A
            VARIABLE (Patent # US 5361386, Issued 941101)
6.          COMPUTER  GRAPHICS  PIXEL  PROCESSING  SYSTEM  (Patent # US 4873515,
            Issued 891010)
7.          COMPUTER  GRAPHICS  SYSTEM AND  PROCESS FOR  ADAPTIVE  SUPERSAMPLING
            (Patent # US 5651104, Issued 970722)
8.          COMPUTER  GRAPHICS  DYNAMIC  CONTROL  SYSTEM  (Patent # US  5061919,
            Issued 911029)
9.          COMPUTER  GRAPHICS  WINDOWING  SYSTEM FOR THE  DISPLAY  OF  MULTIPLE
            DYNAMIC IMAGES (Patent # US 4954819, Issued 900904)

B.          Listing of Pending Patents Used by REALimage 5000

            1.          Filed  2/19/99   "Multi-Level   Cache  Controller"  Reed
                        Tidwell, Gary Pimentel

C.          List of  Disclosures  (Patents not yet Applied for) that are used by
            REALimage 5000

            1.          3/28/01  "Universal Color Space Renderer":  Rich Ehlers,
                        Jan Bjernfalk

            2.          4/12/01  "Gamma  Table with High  Precision at Low Light
                        Levels and Standard  Precision at Normal Light Levels" :
                        Terrence J. Coleman, Ken George

            3.          4/12/01  "High   Performance   Low  Cost   Anti-Aliasing
                        Technique": Terrence J. Coleman, Ken George

D.          Foreign  Patents  that have been filed,  not yet  awarded
            "Computer  Graphics Pixel Rendering System with Cache Memories"
            Gary Watkins
            Germany, Application # 196 00 431.4 Filed Jan 8, 1996

E.         Foreign Patents that have been awarded

            "System   for  Using   Barycentric   Coordinates   as  for   Polygon
            Interpolation"
            Russell A. Brown, Thomas W. Jensen, John A. Robinson
            EPO 0319165B1
            United  Kingdom,  0 319 165 B1, Filed Nov 16, 1988,  Granted Oct 18,
            1995 Germany, P 38 54 600.0-08,  Filed Nov 16, 1988, Granted Oct 18,
            1995 Japan, 3059178, Granted Apr 21, 2000

                                       9
<PAGE>

            "Computer Graphics Dynamic Control"
            Gary Scott Watkins
            EPO 0396377B1
            United Kingdom, GB 0 396 377 B1, Filed Apr 30, 1990, Granted Dec 27,
            1995 Germany, P 690 24 403.7-08, Filed Apr 30, 1990, Granted Dec 27,
            1995

            "Dynamic Control System for Use with Computer Graphics Apparatus"
            Gary Scott Watkins
            Japan, 2912419, Filed May 1, 1990, Granted Ap 9, 1999

            "Computer Graphics Pixel Rendering System with Cache Memories"
            Gary Watkins
            United Kingdom,  GB 2 297 018 B, Filed Jan 10, 1996, Granted Dec 29,
            1999

F.         Copyrighted material

            Note:  items  below  are  generally  work-in-process,  and  will  be
            provided  without  any  specific  warranty  as  to  completeness  or
            correctness.

            1.          Source code for Ri5000 chipset (Verilog HDL)

            2.          Documentation for Ri5000 chipset (MS Word and other text
                        files)

            3.          Source  code  for  device  driver  software,   including
                        OpenGL,  OpenML,   DirectDraw,   Direct3D,   Windows-GDI
                        (C-language, C++)

            4.          Documentation  for  above  device  drivers  (MS Word and
                        other text files)

            5.          Other  items  constituting  the design and  verification
                        environment  of the Ri5000,  including as examples,  but
                        not limited  to:

                        Source code and documentation of Ri Bring-up Utility
                        Source code and documentation of Ri5K Emulator
                        Source code and documentation of OpenGL Conformance
                             Test Utility
                        Documentation of OpenGL Conformance Test Utility
                        Source code and  documentation of VGA BIOS
                        Source code and documentation of Display Property
                             Page Utility
                        Data of Technical Support of Ri3000 Driver
                        Detail functional specification for each chip module
                        Timing diagram of basic function for each chip module
                        Specification of Phoenix AGP core
                        Specification of the other IP(VGA, Video or so)
                        Software Programmers Reference
                        Hardware  Programmers Reference (including  AC  timing
                        chart)
                        Test environment for VCS
                        Test vector file for top simulation and block simulation
                        and explanation
                        Document  of  layout (regarding floor plan, module
                        placement chart, pad placement, manual placement if any
                        and special instruction if any)
                        Synthesis script for Design Compiler
                        Timing analysis script for primetime
                        Critical path information
                        Gate  netlist (final netlist and netlist of before
                        layout)
                        Final SDF
                        Test circuit specification

                                       10
<PAGE>

                        Block diagram with clock routing information
                        Power estimation report
                        Special  macro  specification  of LSI logic (PLL,  SRAM,
                        DAC)
                        Special instruction for package routing & construction
                        Final PrimeTime list (worst path of each clock)
                        Synthesis log file of each module and /or check design
                        report

G.         Trademarks

            REAL IMAGE:  U.S.  Registration  No. 2153225;  REAL IMAGE:  Japanese
            Registration No. 4255838;  REALimage: U.S. Registration No. 2246784;
            REALimage:  Pending in the European  Community Serial No. 577817 (we
            should  be  receiving  a   registration   for  this  mark  shortly);
            REALimage: Japanese Registration No.4435392; REALIMAGE: WHEN QUALITY
            MATTERS:  Pending in the U.S.;  Serial No.  76/077,390;  STUDIO ON A
            CHIP: Pending in the U.S.; Serial No. 76/047,684;  STUDIO ON A CHIP:
            Japanese  Registration  No. 4467478;  VSTREAM:  Pending in the U.S.;
            Serial No. 76/189,637

H.         URL/Domain - www.realimage.com

                                       11
<PAGE>

                                   APPENDIX C
                            List of Purchased Assets

A subset of the current laboratory equipment and personal workstation equipment
commensurate with the October 31, 2001 RealVision decision regarding the number
of people RealVision identifies as wanting to retain April 1, 2001.

                                       12
<PAGE>

                                   APPENDIX D
                             Final License Agreement

This License shall include, but not be limited to, the following terms:

           1. Licensed IP. The License Agreement will include issued/registered
and pending E&S IP enumerated in Appendix B including patents, copyrighted
software source code, and trademarks.

            2. License Grant.  Non-exclusive,  worldwide,  and  non-transferable
(including any business  combination)  and  non-sub-licensable  license to make,
have  made,  modify,  copy,  use,  and  sell in  RV's  own  products,  including
marketing, hardware, software, and product support.

           3. Field of Use and Limitations. The License will extend to use in RV
products only in the field of use of video content creation and production,
including character generation and post production activities such as editing
and effects generation, and as applicable to equipment or methods needed to make
licensed products, and to have-made rights conferred to silicon foundries for
supply solely to RV.

            4. Ownership of  Improvements.  E&S will own the  improvements  they
make and RV will own the improvements they make with the burden of perfecting IP
rights kept separate and no cross-licensing or right to use granted.

            5. Term. From the effective date until the expiration of the last to
expire of the  licensed  patents  unless the  License  Agreement  is  previously
terminated in accordance with its terms.

           6. Licensing of Un-Patented Know-How. Non-exclusive E&S licensing to
RV of REALimage 5000 design data and software source code, essential to build
and market the Ri5000 chipset and derivative products.

           7. Indemnification and Warranty. E&S warrants that IP herein licensed
is sufficient for the Ri5000 chipset as currently developed in the prescribed
field of use. The listing of licensed technology will be updated as of the
Closing Date to reflect any additional E&S patents or applications that cover
technology embodied within the Ri5000 chipset as currently developed. Upon the
sale and distribution of the Ri5000 chipset by RealVision, if certain
intellectual property owned by E&S that is necessary for the sale of the Ri5000
chipset as currently developed in the prescribed field of use has been omitted
from the license, E&S will take reasonable steps to add such intellectual
property to the license. Further, E&S warrants that patents and other IP it
controls as listed in Appendix B are licensable without encumbrance or duty for
RV to pay consideration to any third party. E&S accepts sole responsibility for
the enforcement of its IP rights, and for defense of any infringement,
invalidity, or other related claims brought against RV in connection with use of
licensed E&S IP. E&S indemnifies RV from direct expenses of legal claims brought
against RV for their use of E&S IP, but accepts no responsibility for lost
business or stoppage of work in connection with IP disputes. E&S makes these
assertions on the basis of full cooperation of RV in any IP legal proceeding.

            8.  Restrictions  on E&S  Licenses  to  Third  Parties.  E&S will be
restricted  from licensing the Ri5000 chip source code to any third party within
RealVision's field of use as set forth above.

            9.  Negotiation  and Execution of the Final License  Agreement.  The
Final License Agreement will be negotiated and executed on the Closing Date.

                                       13
<PAGE>

                                  APPENDIX E-1
                               Assumed Liabilities

           At the Closing Date, RealVision will assume all liabilities and
obligations of E&S arising under the following:

            A. The  contract  between E&S and LSI Logic  Corporation,  Quotation
Reference No. E&Sbi99001.

            B.  All  purchase  orders  submitted  by E&S to  vendors  of  chips,
components and other products for resale to RealVision or other customers of the
REALimage Solutions Group.

            C. Synopsys usage agreement.

                                       14
<PAGE>

                                  APPENDIX E-2
                       Assignment and Assumption Agreement

1.          The  contract  between  E&S and  LSI  Logic  Corporation,  Quotation
            Reference No. E&Sbi99001.

2.          Chryon Design Services Agreement, dated March 2001.

3.          Chryon Purchase and Sale Agreement, dated March 2001.

4.          License Agreement with InSilicon (f/k/a Phoenix Technologies,  Inc.)
            for AGP core.

5.          Synopsys usage agreement.

6.          The  Assignment  and  Assumption  Agreement  will be negotiated  and
            executed on the Closing Date.

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