EXHIBIT 10.32
PRINCETON VIDEO IMAGE, INC.
00 XXXXXXXX XXXX
XXXXXXXXXXXXX, XXX XXXXXX 00000
February 18, 2003
Cablevision Systems Corporation
0000 Xxxxxxx Xxxxxx
Xxxxxxxx, Xxx Xxxx 00000
Attn: General Counsel
Re: Proprietary Information Escrow Agreement (the "Escrow Agreement").,
dated as of June 25, 2002, by and among Princeton Video Image, Inc.,
Cablevision Systems Corporation and Xxxxxx Xxxxx Xxxxxxxx & Xxxxxxx
LLP (the "Escrow Agent")
Dear Sir or Madam:
This will confirm the agreement between Princeton Video Image, Inc.,
Cablevision Systems Corporation and the Escrow Agent that all references to the
Option Agreement in the Escrow Agreement shall refer to that certain Option
Agreement, dated as of June 25, 2002, by and between Princeton Video Image, Inc.
and Cablevision Systems Corporation, as amended on the date hereof, and as
further amended from time to time by the parties thereto.
The authorized signatures below will confirm the understanding as set
forth above. Your attention to this matter is greatly appreciated.
Sincerely,
/s/ XXXXX XXXXX
Xxxxx Xxxxx
President and Chief Operating Officer
ACCEPTED AND AGREED TO:
Cablevision Systems Corporation: Xxxxxx Xxxxx Xxxxxxxx & Xxxxxxx LLP:
By: /s/ XXXXXXX X. XXXX By: /s/ XXXXXXXX X. XXXXXX
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Name: Name: Xxxxxxxx X. Xxxxxx
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Title: Title: Partner
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Date: Date: February 12, 2003
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