Document:

<PAGE>
                                                                   EXHIBIT 10.25

                           PRINCETON VIDEO IMAGE, INC.
                                15 Princess Road
                         Lawrenceville, New Jersey 08648

                                February 13, 2002

VIA REGISTERED MAIL

PVI Holding, LLC
c/o Cablevision Systems Corporation
1111 Stewart Avenue,
Bethpage, New York 11714
Attn: General Counsel

      Re: Notice of Warrant Adjustment

Dear Sirs:

      This Notice of Warrant Adjustment is being delivered to you pursuant to
Section 6.3 of that certain Warrant Certificate (the "Warrant") dated September
20, 2001 from Princeton Video Image, Inc. ("PVI") to PVI Holding, LLC ("PVI
Holding").

      On November 8, 2001, PVI sold 615,385 shares of Common Stock to Presencia
en Medios, S.A. de C.V. for the purchase price of $3.25 per share (the
"Presencia Sale"). In accordance with Section 6.1(e) of the Warrant, upon the
closing of the Presencia Sale, the number of Warrant Shares purchasable under
the Warrant was adjusted upward by 427,513.422 shares (the "Adjustment") to a
total of 11,899,421.422 shares. The method used to calculate the Adjustment is
set forth on Schedule A attached hereto. The Presencia Sale did not trigger any
adjustment to the Purchase Price of the Warrant Shares under Section 6.1(f) of
the Warrant.

      Except as expressly set forth above, the terms of the Warrant remain in
full force and effect as the same were in effect immediately prior to the
effectiveness of the Adjustment. Capitalized terms used but not defined herein
shall have the respective meanings ascribed to them in the Warrant.

                                                     Sincerely,

                                                     /s/ Lawrence L. Epstein

                                                     Lawrence L. Epstein
                                                     Chief Financial Officer

cc: Brian Tang, Esq.

<PAGE>

                                   Schedule A

                        Calculation of Warrant Adjustment

                                A        =        A+X
                                -                 ---
                                B                 B+Y

A  =   Original number of Warrant Shares underlying the Warrant

B  =   Number of Shares of Common Stock outstanding immediately prior to
       Presencia Sale

X  =   Number of additional Warrant Shares to be received upon exercise of the
       Warrant

Y  =   Number of shares of Common Stock issued to Presencia in Presencia Sale

                           11,471,908         =         11,471,908 + X
                           ----------                --------------------
                           16,513,258                16,513,258 + 615,385

                            .69470894         =      11,471,908 + X
                                                     --------------
                                                       17,128,643

                      11,899,421.4221         =      11,471,908 + X

                         427,513.4221         =      X

                         427,513.4221         =      X

--------

(1)   Pursuant to Section 6.2 of the Warrant, all final results of adjustments
      to the number of Warrant Shares shall be rounded to the nearest one
      thousandth of a share.<PAGE>
                                                                   EXHIBIT 10.26

                         PATENT CROSS-LICENSE AGREEMENT

      This Patent Cross-License Agreement (the "Agreement") is made as of
January 29, 2002 (the "Effective Date") by and between Sportvision, Inc.
("Sportvision") a corporation of the State of Delaware with its principal office
at 1450 Broadway, 31st Floor, New York, New York 10018; Fox Sports Productions,
Inc. ("Fox") a corporation organized under the laws of the State of Delaware
with its principal place of business at 10201 West Pico Boulevard, Los Angeles,
California 90035; and Princeton Video Image, Inc. ("PVI"), a corporation
organized under the laws of the State of Delaware, with its principal place of
business at 15 Princess Road, Lawrenceville, New Jersey 08648. The signatories
to this Agreement are referred to jointly as the "Parties."

                                    RECITALS

      WHEREAS, Fox owns all title and interest in and to U.S. Patent Numbers
5,917,553 and 6,141,060 (the "Fox Litigation Patents") and Fox has exclusively
licensed the Fox Litigation Patents to Sportvision which provides Sportvision
with the right to grant sub-licenses to the Fox Litigation Patents;

      WHEREAS, Sportvision owns all right, title and interest in and to U.S.
Patent Number 6,229,550, (the "Sportvision Litigation Patent") and Sportvision
has the right to grant licenses to the Sportvision Litigation Patent and the Fox
Litigation Patents;

      WHEREAS, PVI owns all rights, title and interest in and to U.S. Patent
Number 5,264,933 (the "PVI Litigation Patent") and has the right to grant
licenses to the PVI Litigation Patent;

      WHEREAS, on October 4th, 1999 Sportvision and Fox Sports Productions
("Plaintiffs") commenced a civil action in the United States District Court for
the Northern District of California (San Jose), as subsequently amended, in
which Plaintiffs alleged that PVI was infringing the Fox Litigation Patents and
the Sportvision Litigation Patent (the "Complaint"); this action is entitled
Sportvision, Inc., et al v. Princeton Video Image, Inc., Civil Action No.
99-CV-20998 (the "Action");

      WHEREAS, on August 28, 2001, PVI filed an amended answer to the Complaint
in which it denied infringement, asserted affirmative defenses, and commenced a
counterclaim in the Action alleging that Sportvision was infringing the PVI
Litigation Patent;

      WHEREAS, concurrent with the execution of this Agreement, the same Parties
will enter into a Settlement Agreement in settlement of the Action and the
matters described therein; and

Subject to Federal Rule of Evidence 408 and Analogous State Law Principles
and Written Nondisclosure Agreement Commitments

Patent Cross-License Agreement

                                      -1-
<PAGE>

      WHEREAS, PVI desires a license to certain patents, including the
Sportvision Litigation Patent, the Fox Litigation Patents and patents related
thereto, and Sportvision desires a license to certain patents, including the PVI
Litigation Patent and patents related thereto, which licenses will provide each
Party with the freedom to operate its present and future business to the extent
expressly so licensed in, and subject to the limitations of, this Agreement.

The Parties therefore agree as follows:

                                    ARTICLE I
                                   DEFINITIONS

      1.1 "Affiliate" shall mean, in relation to any Person, any other Person,
now or in the future, that, directly or indirectly through one or more
intermediaries, controls, is controlled by or is under common control with, such
Person. For purposes of this Agreement "control" (including its use in the terms
"controlled by" or "under common control with") shall mean the possession of (i)
beneficial ownership of 50% or more of such Person's outstanding or fully
diluted share capital or (ii) the power to direct the management of such Person,
in each case, whether through the ownership of voting securities, non-voting
securities, by contract or otherwise. An Affiliate of a Person shall cease being
an Affiliate of such Person if at any time it no longer controls, is controlled
by or under common control with such Person.

      1.2 "Competitor of the Other Party" shall mean: (i) with respect to PVI,
any Sportvision Competitor; or (ii) with respect to Sportvision, any PVI
Competitor.

      1.3 "Distributor" shall mean, with respect to PVI or Sportvision, any
Person engaged by such Party or any of its Affiliates to distribute to End Users
any Products/Services owned or licensed by such Party or any of its Affiliates,
provided that (i) such Person is not a Competitor of the Other Party, (ii) such
Person is not an Affiliate of a Competitor of the Other Party, (iii) 5% or more
of the outstanding or fully diluted capital stock of such Person is not directly
or indirectly beneficially owned by a Competitor of the Other Party and (iv) no
Competitor of the Other Party has any right to any portion of the proceeds
generated from the distribution of Products/Services licensed under this
Agreement.

      1.4 "End Users" shall mean any Person who is an end user of virtual
insertion and/or enhancement Products/Services, such as advertisers, television
networks, producers of original video content, cable and satellite system
operators, Internet service providers and other providers of video content
solely in their capacity as such (and not in any capacity as distributors or
sellers of virtual insertion and/or enhancement Products/Services to third
parties for use in video content not created, distributed and/or advertised in
by such Person).

      1.5 "Fox Licensed Patents" shall mean the Fox Litigation Patents and any
and all

Subject to Federal Rule of Evidence 408 and Analogous State Law Principles and
Written Nondisclosure Agreement Commitments

Patent Cross-License Agreement

                                      -2-

<PAGE>

patents, patent applications, or provisional applications anywhere in the world
that claim priority to any of the Fox Litigation Patents or are continuations,
continuations-in-part, divisionals, reissues, reexaminations, extensions or
improvements of the Fox Litigation Patents.

      1.6 "Licensee" shall mean the Party to which patent rights are being
granted hereunder.

      1.7 "Licensed Products" shall mean Products/Services included within the
definition of PVI Licensed Products/Services and/or Sportvision Licensed
Products/Services.

      1.8 "Parties" shall mean the signatories to this Agreement, and may be
used in singular or plural, as indicated by the context, and when permitted
shall include their successors and assigns.

      1.9 "Person" or "person" means an individual, a corporation, a
partnership, an association, a trust or any other entity or organization,
including a government or political subdivision or any agency or instrumentality
thereof.

      1.10 "Products/Services" shall mean products, services, processes,
machines, manufactures, equipment, systems, software, scripts or combinations
thereof, independent of location.

      1.11 "PVI Competitor" shall mean any Person (other than (i) PVI,
Sportvision and their respective Subsidiaries, (ii) Cablevision Systems
Corporation, Presencia en Medios, S.A. de C.V. and their respective Subsidiaries
and (iii) any End Users of any of the Products/Services of the foregoing
entities) that is engaged in the distribution and/or sale of virtual insertion
or enhancement Products/Services that are in competition with the
Products/Services of PVI, or its Affiliates at any time. PVI Competitors shall
be deemed to include, but shall not be limited to, Symah Vision-SA, Orad Hi Tech
Systems Ltd., SciDel Technologies Ltd., and Mirage.

      1.12 "PVI Licensed Patents" shall mean the PVI Litigation Patent and any
and all patents, patent applications, or provisional applications anywhere in
the world that (i) are owned, will be owned, are enforceable or are licensable
by PVI or its Affiliates, and that are issued or pending as of the Effective
Date of this Agreement; or (ii) claim priority to the any of the patents or
applications set forth in (i); or (iii) are continuations,
continuations-in-part, divisionals, reissues, reexaminations, extensions or
improvements of the PVI Litigation Patent, or the patents or applications set
forth in (i) or (ii) above.

      1.13 "PVI Licensed Products/Services" shall mean any and all
Products/Services that are individually or collectively covered, directly or
indirectly, by any claim of a patent in the Sportvision Licensed Patents or the
Fox Licensed Patents.

Subject to Federal Rule of Evidence 408 and Analogous State Law Principles and
Written Nondisclosure Agreement Commitments

Patent Cross-License Agreement

                                      -3-
<PAGE>

      1.14 "Settlement Documents" shall mean the Settlement Agreement dated
January 29, 2002 between PVI on the one hand and Sportvision and Fox on the
other hand, and all attachments thereto.

      1.15 "Sportvision Competitor" shall mean any Person (other than (i) PVI,
Sportvision and their respective Subsidiaries, and (ii) any End Users of the
Products/Services of Sportvision and its Subsidiaries) that is engaged in the
distribution and/or sale of virtual insertion or enhancement Products/Services
that are in competition with the Products/Services of Sportvision or its
Affiliates at any time. Sportvision Competitors shall be deemed to include, but
shall not be limited to, Symah Vision-SA, Orad Hi Tech Systems Ltd., SciDel
Technologies Ltd., and Mirage.

      1.16 "Sportvision Licensed Patents" shall mean the Sportvision Litigation
Patent, the Fox Litigation Patents and any and all patents, patent applications,
or provisional applications anywhere in the world that (i) are owned, will be
owned, are enforceable or are licensable by Sportvision or its Affiliates, and
that are issued or pending as of the Effective Date of this Agreement; (ii) are
owned by Fox or its Subsidiaries and licensed to Sportvision and that are issued
or pending as of the Effective Date of this Agreement; (iii), claim priority to
any of the patents or applications set forth in (i) or (ii), above; or (iv) are
continuations, continuations-in-part, divisionals, reissues, reexaminations,
extensions or improvements of the Sportvision Litigation Patent, the Fox
Litigation Patents, or the patents or applications set forth in (i), (ii) or
(iii) above.

      1.17 "Sportvision Licensed Products/Services" shall mean any and all
Products/Services that are individually or collectively covered, directly or
indirectly, by any claim of a patent in the PVI Licensed Patents.

      1.18 "Subsidiary" shall mean, in relation to any Person, any other Person,
now or in the future, including any Competitor of the Other Party, that directly
or indirectly through one or more intermediaries, is controlled (as such term is
defined in Article 1.1 hereof) by such Person. A Subsidiary of a Person shall
cease being a Subsidiary of such Person if at any time it is no longer
controlled by such Person.

                                    ARTICLE 2
                          LICENSE GRANTS AND COVENANTS

      2.1 (A) To the extent, and only to the extent, provided in Article 2.1(B),
      PVI hereby grants, under the PVI Licensed Patents:

Subject to Federal Rule of Evidence 408 and Analogous State Law Principles and
Written Nondisclosure Agreement Commitments

Patent Cross-License Agreement

                                      -4-
<PAGE>

                  (1) To Sportvision and its Subsidiaries, a worldwide,
            non-exclusive, irrevocable, royalty-free license to make, have made,
            use, import and/or export Sportvision Licensed Products/Services;

                  (2) To Sportvision, its Subsidiaries and their respective
            Distributors, a worldwide, non-exclusive, irrevocable, royalty-free
            license to sell, offer to sell, distribute or otherwise provide
            Sportvision Licensed Products/Services for the exclusive use by such
            Persons' customers who are End Users; and

                  (3) To End Users of Sportvision Licensed Products/Services, a
            worldwide, non-exclusive, irrevocable, royalty-free license to use
            the Sportvision Licensed Products/Services as licensed pursuant to
            Article 2.1(A)(2).

            (B) The license granted above in Article 2.1(A) shall be expressly
      limited to and shall not extend beyond Products/Services used for or
      relating exclusively to the virtual insertion or enhancement of images
      into the video production of video content during the event that is the
      subject of the video content, where such insertion or enhancement is
      achieved onsite at the event, but only to the extent the determination
      regarding the placement of the insertion or enhancement in such production
      is achieved through:

                  (1) The use of camera attitude sensors, where such sensors are
            attached to the camera (or such camera's assembly) located at and
            filming an event, and which measure factors such as the camera's
            pan, tilt, travel, orientation, focus or zoom, or the use of a
            combination of such sensors with image processing of the video
            output of the camera whose attitude is measured by such sensors;

                  (2) A combination of one or more sensors (including a camera
            acting as a sensor) or emitters, where such sensors or emitters are
            used to determine a real world position of a moving (relative to the
            ground) object being tracked at the event, and image processing of
            the video output of a camera located at and filming the event,
            provided that the placement or content of the insertion
            geometrically relates to the location of the object being tracked by
            the sensors described above; or

                  (3) Image processing exclusively for the purpose of
            stabilizing virtual insertions or enhancements exclusively placed
            into the video output of a fixed video camera located at and filming
            the event where such fixed camera does not pan, tilt, travel, zoom
            or change in any way during the event.

Subject to Federal Rule of Evidence 408 and Analogous State Law Principles and
Written Nondisclosure Agreement Commitments

Patent Cross-License Agreement

                                      -5-
<PAGE>

            (C) The license granted under Article 2.1 (A) shall not be construed
      as an acknowledgement by Sportvision that any licensed activity is covered
      by a valid claim of the PVI Licensed Patents or that a license for such
      activity is required.

      2.2 Under no circumstances shall the license provided under Article 2.1(A)
extend to, include or be interpreted to extend to or include any right to make,
have made, use, have used, import, export, sell, offer to sell, distribute or
otherwise provide:

            (1) Except as expressly provided in Article 2.1(B)(3), any
      Products/Services which perform image processing of video output other
      than in combination with sensor data (where the sensor data can include
      data from a camera acting as a sensor) used to determine the placement
      and/or the content (e.g., the data calculated from the sensor, such as the
      speed of the moving object) of the insertion, where such combination is
      performed onsite;

            (2) Any Products/Services performing post production;

            (3) Any Products/Services that implement iPoint technology, which is
      understood to cover remote insertion (i.e. remote from the point of data
      collection) of images or enhancements into video streams based on a set of
      instructions regarding the placement of such images or enhancements into
      such video stream; or

            (4) Any Products/Services that include only one camera, where the
      one camera serves as both the only sensor and the only video camera.

      2.3 (A) To the extent, and only to the extent, provided in Article 2.3(B),
Sportvision and Fox each hereby grants, under the Sportvision Licensed Patents
and the Fox Licensed Patents:

            (1) To PVI and its Subsidiaries, a worldwide, non-exclusive,
      irrevocable, royalty-free license to make, have made, use, import and/or
      export PVI Licensed Products/Services;

            (2) To PVI, its Subsidiaries and their respective Distributors, a
      worldwide, non-exclusive, irrevocable, royalty-free license to sell, offer
      to sell, distribute or otherwise provide PVI Licensed Products/Services
      for the exclusive use by such Persons' customers who are End Users; and

            (3) To End Users of PVI Licensed Products/Services, a worldwide,
      non-exclusive, irrevocable, royalty-free license to use the PVI Licensed

Subject to Federal Rule of Evidence 408 and Analogous State Law Principles and
Written Nondisclosure Agreement Commitments

Patent Cross-License Agreement

                                       -6-
<PAGE>

      Products/Services as licensed pursuant to Article 2.3(A)(2).

            (B) The license granted above in Article 2.3(A) shall be expressly
      limited to and shall not extend beyond Products/Services used for or
      relating exclusively to the virtual insertion or enhancement of images
      into the video production of video content during the event that is the
      subject of the video content, where such insertion or enhancement is
      achieved onsite at the event, but only to the extent the determination
      regarding the placement of the insertion or enhancement in such production
      is achieved through:

                  (1) The use of camera attitude sensors, where such sensors are
            attached to the camera (or such camera's assembly) located at and
            filming an event, and which measure factors such as the camera's
            pan, tilt, travel, orientation, focus or zoom, or the use of a
            combination of such sensors with image processing of the video
            output of the camera whose attitude is measured by such sensors; or

                  (2) Image processing exclusively for the purpose of
            stabilizing virtual insertions or enhancements exclusively placed
            into the video output of a fixed video camera located at and filming
            the event where such fixed camera does not pan, tilt, travel, zoom
            or otherwise move in any way.

            (C) The license granted under Article 2.3 (A) shall not be construed
      as an acknowledgement by PVI that any licensed activity is covered by a
      valid claim of the Sportvision Licensed Patents or that a license for such
      activity is required.

      2.4 Under no circumstances shall the license provided under Article 2.3(A)
extend to, include or be interpreted to extend to or include any right to make,
have made, use, have used, import, export, sell, offer to sell, distribute or
otherwise provide:

                  (1) Any Products/Services that use a data source, which is
            external to (i) the camera whose video is being enhanced, (ii) such
            camera's video, and (iii) such camera's attitude/position sensors
            (if it has any), in order to determine the placement of an insertion
            or enhancement; or

                  (2) Any Products/Services that implement iPoint technology,
            which is understood to cover remote insertion (i.e. remote from the
            point of data collection) of images or enhancements into video
            streams based on a set of instructions regarding the placement of
            such images or enhancements into such video stream.

Subject to Federal Rule of Evidence 408 and Analogous State Law Principles and
Written Nondisclosure Agreement Commitments

Patent Cross-License Agreement

                                      -7-
<PAGE>

      2.5 Except as expressly provided herein to the contrary, no license
granted to any Person under this Agreement shall extend any licensed rights to
any other Person, regardless of such other Person's relationship with such
Person.

      2.6 If any Party should assign to any third-party any rights to enforce
any of its patents licensed under this Agreement, then such Party covenants and
agrees to obligate such third-party to honor the license granted under this
Agreement and all other obligations of the Party under this Agreement.

      2.7 Except as otherwise provided in this Agreement or by law, no Party may
sub-license any of the rights granted by this Agreement.

                                    ARTICLE 3
                                PAYMENTS AND FEES

      3.1 The consideration for the licenses, covenants and releases granted in
this Agreement is established by the reciprocal nature of this Agreement and
further includes the rights and obligations established by the Settlement
Agreement.

                                    ARTICLE 4
                                     RELEASE

      4.1 The licenses granted pursuant to this Agreement include a complete and
total release of each Party and each Party's Affiliates, customers, End Users
and Distributors with respect to any act performed prior to the date of this
Agreement that would have been licensed under this Agreement if this Agreement
had been in effect at the time of the act. This release is in addition to and
independent of the release contained in the Settlement Agreement. In no event
shall this release serve to limit or restrict in any way the release granted in
the Settlement Agreement. This release is effective upon the effectiveness of
this Agreement. Once effective, this release survives the termination of this
Agreement, regardless of the reason for termination.

                                    ARTICLE 5
                                   WARRANTIES

      5.1 Fox represents and warrants that it owns all title and interest in and
to the Fox Licensed Patents and that Fox has exclusively licensed the Fox
Licensed Patents to Sportvision.

Subject to Federal Rule of Evidence 408 and Analogous State Law Principles and
Written Nondisclosure Agreement Commitments

Patent Cross-License Agreement

                                      -8-
<PAGE>

      5.2 Sportvision represents and warrants that it owns all right, title and
interest in and to the Sportvision Licensed Patents other than U.S Patent
Application Serial Number 09/888,195 and any application that (i) claims
priority to such application or (ii) is a continuation, continuations-in-part,
divisional, reissue, reexamination, extension or improvement of such application
(collectively "Jointly Owned Patents"). Sportvision represents and warrants that
it jointly owns the right, title and interest in the Jointly Owned Patents and
has the right to grant the licenses herein to PVI to such Jointly Owned Patents.

      5.3 PVI represents and warrants that it owns all rights, title and
interest in and to the PVI Licensed Patents.

      5.4 Sportvision represents and warrants that both it alone and together
with Fox, it has the right to grant all of the rights and licenses set forth
herein with respect to the Fox Litigation Patents and any other Fox patents
included within the definition of Sportvision Licensed Patents.

      5.5 Fox represents and warrants that together with Sportvision, it has the
right to grant all of the rights and licenses set forth herein with respect to
the Fox Litigation Patents and any other Fox patents included within the
definition of Fox Licensed Patents.

      5.6 The Parties each represent and warrant that they have the right to
enter into this Agreement and grant the rights and licenses herein and that the
signatories here are duly authorized by the respective Party to sign this
Agreement and to bind such Party to this Agreement, and that each Party has
hereby duly executed and delivered this Agreement.

      5.7 Subject to Sections 6.5 and 9.3, the Parties agree that the rights
granted herein shall survive the dissolution, modification, acquisition, or
merger of the granting Party.

                                    ARTICLE 6
                       EFFECTIVENESS, TERM AND TERMINATION

      6.1. This Agreement shall become effective upon execution of the
Settlement Agreement.

      6.2 Unless otherwise stated, the term of the licenses granted herein shall
end when the last patent to issue of any of the patents licensed herein expires,
regardless of its filing date or date of issuance.

      6.3 If any Party (the "breaching party") fails to substantially perform
any material obligation of such Party set forth in this Agreement, and such
failure is continuing more than sixty (60) days after the other Party (the
"non-breaching party") gives the breaching party notice

Subject to Federal Rule of Evidence 408 and Analogous State Law Principles and
Written Nondisclosure Agreement Commitments

Patent Cross-License Agreement

                                      -9-
<PAGE>

of such failure, the non-breaching party shall be entitled to recover its actual
damages resulting from such breach and may elect, without further notice, to be
excused from future performance hereunder. Such election shall not affect the
non-breaching party's right to recover its actual damages or to seek specific
performance or other equitable relief.

      6.4 A Party may, upon written notice to the other Party, terminate its
rights under this Agreement or the rights granted to any of its Subsidiaries,
Distributors or End Users. In the event that one Party elects to terminate
rights with respect to itself or a particular Subsidiary, Distributor or End
User, the covenants, licenses and rights granted under this Agreement to any
other Persons shall not be affected in any way.

      6.5 Notwithstanding anything contained herein to the contrary, if at any
time PVI or Sportvision: (i) is acquired by a Competitor of the Other Party;
(ii) acquires a Competitor of the Other Party; or (iii) merges with a Competitor
of the Other Party, either directly or indirectly, through one or more
transactions, such that the beneficial ownership of the fully diluted share
capital pre-acquisition or pre-merger is diluted by more than fifty percent
(50%) post-acquisition or post-merger, then the other Party shall have the right
to terminate this Agreement within thirty (30) days following receipt of notice
of such completed merger or acquisition. Such termination shall not affect the
releases granted in Article 4. For the avoidance of doubt, the surviving entity
in any permitted acquisition of, or permitted merger with, a Party may assume
this Agreement.

                                    ARTICLE 7
                            CONFIDENTIAL INFORMATION

         7.1 The Parties hereto recognize and agree that the Confidentiality
provisions contained in Article 4.0 of the Settlement Agreement apply to this
Agreement.

                                    ARTICLE 8
   DISPUTES ARISING IN CONNECTION WITH THIS AGREEMENT OR THE LICENSED PATENTS

      8.1 Subject to Article 8.2, this Agreement, and any disputes between the
Parties relating to the patents licensed hereunder, shall be governed, in all
respects, under the laws of the State of New York, irrespective of its choice of
law rules. Each Party agrees that it shall be subject to the exclusive personal
jurisdiction of the federal courts within the State of New York and to venue
within New York City with respect to any dispute relating to this Agreement.

      8.2 Upon any dispute arising in connection with this Agreement or any of
the patents licensed hereunder, the Parties hereto agree to use their reasonable
best efforts to resolve such conflict amicably and in good faith, including
through non-binding mediation (utilizing any

Subject to Federal Rule of Evidence 408 and Analogous State Law Principles and
Written Nondisclosure Agreement Commitments

Patent Cross-License Agreement

                                      -10-
<PAGE>

nationally recognized mediation center) if any Party so requests such mediation,
for a period of ninety (90) days prior to initiating any litigation. The
mediation shall occur over the telephone or the Internet or physically within
New York City, NY. Any fees and expenses relating to any mediation so requested
by any Party shall be shared equally by the Parties engaged in the dispute. Any
delay by a Party in initiating litigation in accordance with this provision
(including any delay beyond 90 days to the extent agreed by the disputing
Parties) shall be without prejudice to any Party's ability to obtain specific
performance, injunctive or any other equitable relief in connection with such
dispute.

      8.3 Each Party shall have the right to audit another Party's compliance
with license limitations imposed by this Agreement. Such audit shall be
performed by an independent third party selected by the Party requesting the
audit at reasonable times and with reasonable notice, but no more frequently
than once in any six month period. The independent third party shall only
investigate a Party's compliance with this Agreement and notify the
investigating party with only the nature of any non-compliance, but shall not
share any confidential proprietary information of the investigated party with
the investigating party.

                                    ARTICLE 9
                            MISCELLANEOUS PROVISIONS

      9.1 No Party is under any obligation to mark Products/Services that may
potentially fall within the scope of the Agreement with patent numbers or with
indications of patents pending, but a Party may do so, in its sole discretion,
as it deems practical.

      9.2 None of the Parties can use another Party's name or trademarks without
the express prior written consent of that Party.

      9.3 Any Party hereto may assign any of its rights hereunder to any of its
Affiliates, provided that such Affiliate is not a Competitor of the Other Party,
and such assignment shall be terminated if the Affiliate becomes a Competitor of
the Other Party. Other than as stated in the first sentence of this Article 9.3,
PVI may not assign any of its rights or delegate any of its duties under this
Agreement without the prior written consent of Sportvision, which consent shall
not be unreasonably withheld or delayed. Other than as provided in the first
sentence of this Article 9.3, neither Sportvision nor Fox may assign any of
their respective rights or delegate any of their respective duties under this
Agreement without the prior written consent of PVI, which consent shall not be
unreasonably withheld. It shall be reasonable for either Party to withhold
consent if a Party attempts to assign its rights or delegates its duties under
this Agreement to a Competitor of the Other Party. Sportvision and Fox hereby
consent to any assignment of PVI's rights or delegation of PVI's duties under
this Agreement to Cablevision Systems Corporation, Presencia en Medios, S.A. de
C.V. or any of their respective Affiliates. PVI hereby consents to any

Subject to Federal Rule of Evidence 408 and Analogous State Law Principles and
Written Nondisclosure Agreement Commitments

Patent Cross-License Agreement

                                      -11-
<PAGE>

assignment of Sportvision's rights or delegation of Sportvision's duties under
this Agreement to Fox or Motorola or any of their respective Affiliates.

      9.4 The Parties shall be considered to be independent contractors of each
other. No Party undertakes by this Agreement or otherwise to perform any of the
obligations of any other Party. In no way is any Party to be construed as an
agent, or acting as an agent, of any other Party in any respect. In no way is
this Agreement to be construed as creating a joint venture, partnership or agent
relationship between any of the Parties.

      9.5 Any notices required under this Agreement shall be served on each of
the Parties via facsimile and overnight mail as follows:

         To Sportvision:
                  William F. Squadron
                  Chief Executive Officer
                  Sportvision, Inc.
                  1450 Broadway, 31st Floor
                  New York, New York 10018
                  (212) 764-0876

         To PVI:
                  Roberto Sonabend
                  Co-Chief Executive Officer
                  Princeton Video Image, Inc.
                  15 Princess Road
                  Lawrenceville, New Jersey 08648
                  (609) 912-0044

                  and
                  100 Park Avenue 19th Floor
                  New York, NY 10017

         To Fox:
                  Daphne Gronich
                  Assistant Secretary
                  Fox Sports Production, Inc.
                  10201 West Pico Boulevard
                  Los Angeles, California 90035
                  (310) 369-5455

Subject to Federal Rule of Evidence 408 and Analogous State Law Principles and
Written Nondisclosure Agreement Commitments

Patent Cross-License Agreement

                                      -12-
<PAGE>

      9.6 This Agreement and the Settlement Documents contain the entire and
only agreements between the Parties as to the subject matter of such agreements
and supersede all preexisting agreements between them respecting such subject
matter.

      9.7 The provisions of this Agreement are severable, and in the event that
any one or more provisions, or any portion thereof, are deemed illegal or
unenforceable under applicable law by a court of competent jurisdiction, that
provision(s) or portion thereof shall be ineffective to the extent of such
invalidity or unenforceability only, and the remaining provisions or portion
thereof, as the case may be, shall remain in full force and effect unless the
deletion of such provision(s) or portion thereof shall cause this Agreement to
become materially adverse to any Party, in which event the Parties shall use
reasonable efforts to arrive at an accommodation that best preserves for the
Parties the benefits and obligations of the offending provision(s) or portion
thereof.

      IN WITNESS WHEREOF, the Parties have caused this Agreement to be executed
by their duly authorized officers on the respective dates hereinafter set forth.

SPORTVISION, INC.

By: /s/ Stanley K. Honey                         2/20/02
   -----------------------------------           -----------------
   Name Stanley K. Honey                         Date
   Title: President and CTO

PRINCETON VIDEO IMAGE, INC.

By: /s/ Roberto Sonabend                         2/22/02
    ---------------------------                  -----------------
    Name Roberto Sonabend                        Date
    Title: Co-CEO

Subject to Federal Rule of Evidence 408 and Analogous State Law Principles and
Written Nondisclosure Agreement Commitments

Patent Cross-License Agreement

                                      -13-
<PAGE>

FOX SPORTS PRODUCTIONS, INC

By: /s/ Daphne Gronich                             2/15/02
   -----------------------------------             -----------------
   Name Daphne Gronich                             Date
   Title: Assistant Secretary

Subject to Federal Rule of Evidence 408 and Analogous State Law Principles and
Written Nondisclosure Agreement Commitments

Patent Cross-License Agreement

                                      -14-

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