Amendment to Proprietary Information Escrow Agreement among Princeton Video Image, Inc., Cablevision Systems Corporation, and Kramer Levin Naftalis & Frankel LLP

Contract Categories: Business Finance › Escrow Agreements
Summary

This amendment updates the Proprietary Information Escrow Agreement originally signed on June 25, 2002, by Princeton Video Image, Inc., Cablevision Systems Corporation, and Kramer Levin Naftalis & Frankel LLP. It clarifies that all references to the Option Agreement in the Escrow Agreement now refer to the Option Agreement as amended on the date of this amendment and as it may be further amended in the future. The parties confirm their understanding and acceptance of this change by signing the document.

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EX-10.32 6 w84731exv10w32.txt AMENDMENT TO PROPRIETARY INFORMATION ESCROW AGREE. EXHIBIT 10.32 PRINCETON VIDEO IMAGE, INC. 15 PRINCESS ROAD LAWRENCEVILLE, NEW JERSEY 08648 February 18, 2003 Cablevision Systems Corporation 1111 Stewart Avenue Bethpage, New York 11714 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 Kramer Levin Naftalis & Frankel 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/ JAMES GREEN James Green President and Chief Operating Officer ACCEPTED AND AGREED TO: Cablevision Systems Corporation: Kramer Levin Naftalis & Frankel LLP: By: /s/ WILLIAM J. BELL By: /s/ JONATHAN S. CAPLAN -------------------------------- ------------------------------------ Name: Name: Jonathan S. Caplan ------------------------------- ---------------------------------- Title: Title: Partner ------------------------------ --------------------------------- Date: Date: February 12, 2003 ------------------------------- ----------------------------------