
<PAGE>
 
                                                                   Exhibit 10.14

The marked portions of this Exhibit
have been omitted and filed separately
with the Commission pursuant to a
request for confidential treatment.

                                   AGREEMENT


     This Agreement, dated as of August 12, 1996, is made by and between
SEAVISION, INC., a Delaware corporation (hereinafter referred to as
"SeaVision"), and NORWEGIAN CRUISE LINE LIMITED, a Bermuda corporation
(hereinafter referred to as "NCL").

     WHEREAS, NCL is in the business of offering cruise vacations to its
passengers; and

     WHEREAS, NCL desires that its passengers have access to interactive
television and video entertainment services on board its vessels; and

     WHEREAS, NCL wishes to earn incremental revenue from such interactive
television and video entertainment services; and

     WHEREAS, SeaVision desires to provide to NCL, and NCL desires to obtain
from SeaVision, the aforementioned interactive television and video
entertainment services for use aboard the ship M/S Dreamward (the "Initial
Ship") and such other cruise vessels owned or operated by NCL as, from time to
time, may be designated by NCL (all such cruise vessels, collectively, the
"Ships" and, individually, a "Ship"); and

     WHEREAS, NCL has requested that SeaVision provide such interactive
television services onboard the Ship S/S Norway; and

     WHEREAS, SeaVision heretofore has installed on the Initial Ship the
hardware and software described or listed on Exhibit A attached hereto
(collectively, the "Installed Hardware and Software");

     NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, the parties hereto, intending to be
legally bound hereby, agree as follows:

     1.  Responsibilities.
         ---------------- 

      (a) Subject to the terms and conditions hereof, SeaVision hereby agrees
to:

          (i)  Provide, for each Ship designated by NCL (including without
               limitation the Initial Ship) at no charge to NCL, an interactive
               television system
<PAGE>
 
               (the "System") consisting of the hardware and software described
               or listed on Exhibit A attached hereto (collectively, the "System
               Hardware and Software") and, in connection therewith, provide the
               services (the "Services") set forth on Exhibit B attached hereto.
               In addition thereto, SeaVision shall provide for, and install on,
               the S/S Norway [Redacted -confidential treatment requested].
               Until such time as SeaVision shall have received the aggregate
               amount of [Redacted - confidential treatment requested].  Upon
               SeaVision's receipt of such aggregate amount thereunder,
               [Redacted - confidential treatment requested].  NCL hereby
               acknowledges and agrees that the System Hardware and certain of
               the interactive modules of the Software are installed on the
               Initial Ship and, as of the date of this Agreement, the Hardware
               and such installed modules of the Software are performing
               satisfactorily.  Notwithstanding anything contained herein or in
               any other provision of this Agreement that might be construed to
               the contrary [Redacted -confidential treatment requested],
               SeaVision shall at all times retain title to all components of
               the System, including all System Hardware and Software or other
               hardware or software hereafter installed by Sea Vision on any
               Ship hereunder.

          (ii) Provide all personnel reasonably necessary and appropriate to
               operate the System and provide the Services.  One (1) SeaVision
               technician (the "Manager") will remain on-board each Ship on
               which the System is then installed and operating to operate the
               System on an on-going basis and to fulfill the responsibilities
               of the on-board television coordinator (as described on Exhibit C
               attached hereto) for so long as this Agreement shall be in effect
               with respect to that Ship.  SeaVision hereby acknowledges that
               the Manager shall at all times be an employee of SeaVision.  NCL
               hereby agrees to serve as SeaVision's paying agent for payment,
               at the direction of SeaVision, of all salary, payroll taxes and
               fringe benefits costs in connection with the Manager; provided
               that SeaVision promptly reimburses NCL for all such costs
               incurred by NCL.  SeaVision understands that, while on-board any
               Ship, its personnel will be subject to the authority of the
               Master of that Ship and the officer(s) designated to oversee the
               operation of the System and the Services.  SeaVision agrees that
               its employees will be considered seamen and will attend and
               participate in boat drills held onboard each of the respective
               Ships as requested by the Ship's master and officers.  All such
               employees shall attend Coast Guard inspections and, if required
               by NCL, will earn life boat efficiency certificates.  SeaVision
               shall employ onboard the Ships only those persons medically fit
               for service onboard the vessels in accordance with standards
               established by NCL and who have agreed to abide by the orders of
               the masters and officers for service onboard the Ships.  It shall
               be the sole

                                      -2-
<PAGE>
 
               responsibility of SeaVision to absorb and pay the costs of pre-
               employment physical examinations and to employ persons who have
               valid passports, visas and all other permits required by any
               governmental authority in order that they might enter and leave
               the ports of call of the Ship on which they are employed.  Annual
               physicals shall be required of SeaVision's shipboard employees.

        (iii)  Upgrade the hardware and/or software used in the System, at no
               cost to NCL, at such times and in such manner as is reasonably
               necessary or appropriate, to maintain the System on the Ship,
               subject always, in the case of hardware upgrades only, to the
               consent of NCL, which consent shall not unreasonably be withheld,
               and to the constraints placed thereon by the space available on-
               board any Ship for the installation of such hardware.

      (b) Subject to the terms and conditions hereof, NCL hereby agrees to:

          (i)  Make available to SeaVision in respect of any Ship upon which the
               System is then installed or is then to be installed (a) that Ship
               to the extent necessary for SeaVision's operation and maintenance
               of the System, including but not limited to granting SeaVision
               personnel unlimited access to the television studio and video
               distribution system on board that Ship, (b) such personnel as are
               reasonably necessary or appropriate to support SeaVision's
               successful operation and maintenance of the System, including but
               not limited to appropriate on-board support for and oversight of
               the operation and maintenance of the System by a designated
               officer on that Ship, provided, however, that (i) SeaVision shall
               at all times be primarily responsible for the operation and
               maintenance of the System, and (ii) NCL shall not be obligated
               hereunder to make available NCL's personnel if and to the extent
               that the result thereof would be the interference with that
               personnel's ability to perform his or her other employment duties
               owing to NCL, (c) all necessary systems integration support to
               allow the System to communicate with NCL's on-board systems, and
               (d) appropriate accommodations on-board that Ship for SeaVision
               personnel who are engaged in operating or maintaining the System
               on the Ship, which accommodations shall be comparable to those
               accommodations provided by NCL to [Redacted - confidential
               treatment requested].  It is understood that SeaVision personnel
               occupying such accommodations will, at all times while on-board
               such Ship, be subject to NCL's policies regarding on-board
               contractors, including those concerning dress, decorum and
               personal behavior.

                                      -3-
<PAGE>
 
          (ii) Furnish accommodations on-board each Ship upon which the System
               is then installed and otherwise respond favorably to reasonable
               requests by SeaVision's management for accommodations on-board
               such Ship, on mutually-agreeable dates and subject to
               availability, to allow SeaVision senior personnel to monitor the
               on-going performance of the System and SeaVision's personnel and
               for the purpose of determining whether enhancements and
               improvements to the System should be recommended.   Requests for
               such accommodations shall not exceed one (1) cabin/voyage per
               month per Ship.  NCL shall also provide the Manager with all
               other perquisites that it provides to [Redacted -confidential
               treatment requested].

         (iii) Provide marketing support for the System on-board each Ship on
               which the System is then installed, which support shall be
               consistent with the type and level of such support being provided
               by NCL as of the date hereof on-board the Initial Ship.  In
               addition thereto, the parties shall engage in such other
               activities of a supporting nature as are acceptable to both
               parties to this Agreement, and upon terms acceptable to both
               parties to this Agreement.

          (iv) Work with SeaVision's marketing personnel to develop appropriate
               and effective means for testing and gauging passenger reaction to
               the System on a regular basis.  Such means shall include but not
               be limited to on-board questionnaires, on-board focus groups,
               one-on-one passenger interviews and post-cruise questionnaires.
               SeaVision shall retain the right to designate the individuals who
               will conduct these activities, subject to the approval of such
               individuals by NCL.  If SeaVision marketing personnel are not
               available (or cannot reasonably be accommodated) on a Ship, the
               Manager on that Ship may assume these responsibilities.

          (v)  Provide access to each Ship when such Ship is in port, for
               SeaVision personnel to demonstrate the System to potential
               advertisers, marketers and clients.  In connection with making
               such demonstrations, SeaVision shall conform to NCL's procedures
               for approving on-board visitors, including but not limited to
               making advance requests for boarding passes.

          (vi) Use commercially reasonable efforts to cause its on-board
               concessionaires to work with SeaVision to develop mutually
               beneficial applications for the System.

         (vii) Provide the Manager with the following data, if available, in
               electronic form (i.e., diskettes, tapes or other similar means)
               with respect to each

                                      -4-
<PAGE>
 
               passenger on-board any Ship on which the System is then
               installed:  name, home address and telephone number, age, cabin
               assignment, dining assignment and on-board account number.

        (viii) Collect all monies paid or payable by passengers in respect of
               Services provided on or through the System and charged to the
               respective on-board account of such passengers.

          (ix) Provide without change limited and reasonable on-board medical
               care as needed for minor illnesses and injuries to the extent
               such treatment can be provided on-board the Ship.  NCL shall not
               be responsible hereunder for on-shore continuing or follow-up
               treatment.

     2.   Term/Extension to Other Ships.
          ----------------------------- 

      (a) Unless sooner terminated in accordance with the terms of this
          Agreement, the term of this Agreement (the "Term") shall commence on
          the date first written above and shall expire on [Redacted -
          confidential treatment requested] (the "Expiration Date").

      (b) NCL hereby grants to SeaVision the exclusive right, for the Term of
          this Agreement, to install, operate and maintain all in-cabin
          interactive television systems and any kiosk-based interactive
          television systems connected to such in-cabin systems on the M/S
          Dreamward and the S/S Norway.

      (c) (i)  If, during the term of this Agreement, NCL wishes to install or
               have installed interactive television and video entertainment
               services on-board any ship owned or operated by NCL other than
               the M/S Dreamward and the S/S Norway, NCL shall, in each such
               instance, [Redacted - confidential treatment requested].

         (ii)  If, in respect of any ship, [Redacted - confidential treatment
               requested] to provide onboard that ship interactive television
               and video entertainment services during the term of this
               Agreement, NCL shall [Redacted - confidential treatment
               requested].  SeaVision shall thereafter have [Redacted -
               confidential treatment requested].  If SeaVision [Redacted -
               confidential treatment requested], NCL shall thereafter be
               precluded from accepting such third party offer.  If SeaVision
               [Redacted - confidential treatment requested] as provided herein,
               NCL may, [Redacted - confidential treatment requested]

        (iii)  NCL and SeaVision each understands and agrees that the other
               party is not required hereunder [Redacted - confidential
               treatment requested], including without limitation [Redacted -
               confidential treatment

                                      -5-
<PAGE>
 
               requested].  Subject to the foregoing provisions of this Section
               2(c), in the event the parties agree that SeaVision will install,
               operate and maintain the System on any additional Ship(s), the
               references herein made to a or any Ship and/or the System shall
               be deemed to include such other Ship(s) and the System(s)
               installed thereon, which such modifications as are reasonably
               necessary and appropriate to reflect the individualized System(s)
               installed on each such Ship and are consistent with the agreement
               of the parties in respect thereto.

     3.   Revenue-Sharing and Payment Terms.
          --------------------------------- 

      (a) In consideration of SeaVision's agreement to provide televisions on
          the S/S Norway, SeaVision shall be entitled to receive [Redacted -
          confidential treatment requested] of the Adjusted Gross Revenues (as
          defined below) generated by all of the Systems installed onboard the
          Ships.  If SeaVision has not received under this subsection 3(a) the
          aggregate amount of [Redacted -confidential treatment requested], NCL
          shall pay to SeaVision [Redacted -confidential treatment requested],
          whereupon SeaVision shall not be entitled to receive any further funds
          under this subsection 3(a).

      (b) If the aggregate of all of the Adjusted Gross Revenues generated by
          all of the Systems installed on-board the Ships, from the commencement
          of this Agreement, is less than the amount [Redacted - confidential
          treatment requested], then NCL shall be entitled to retain five
          percent (5%) of the Adjusted Gross Revenues for the applicable
          calendar month, as indicated on the applicable report provided to NCL
          by SeaVision pursuant to the terms of subsection 3(e) below, and shall
          promptly remit [Redacted - confidential treatment requested] of such
          Adjusted Gross Revenues to SeaVision in accordance with this Section
          3.  (For purposes of this subsection 3(b), the relevant Adjusted Gross
          Revenues are the cumulative Adjusted Gross Revenues from the date of
          this Agreement to the relevant month-ending date of such calculation;
          such Adjusted Gross Revenue calculation is not performed on an annual
                                                     ---                       
          basis.)

      (c) If the aggregate of all of the Adjusted Gross Revenues generated by
          all the Systems on board the Ships, from the commencement of this
          Agreement, [Redacted - confidential treatment requested], then, for
          the twelve month period commencing on the date [Redacted -
          confidential treatment requested] and for each succeeding twelve month
          period [Redacted -confidential treatment requested] the Adjusted Gross
          Revenues generated by all of the Systems installed onboard the Ships
          shall be allocated between the parties as follows:

                                      -6-
<PAGE>
 
          (i)  NCL shall be entitled to retain [Redacted - confidential
               treatment requested] of, and shall pay over to SeaVision
               [Redacted -confidential treatment requested] of such Adjusted
               Gross Revenues;

         (ii)  NCL shall be entitled to retain [Redacted - confidential
               treatment requested] of, and shall pay over to SeaVision
               [Redacted -confidential treatment requested], such Adjusted Gross
               Revenues [Redacted - confidential treatment requested]; and

        (iii)  NCL shall be entitled to retain [Redacted - confidential
               treatment requested] of, and shall pay over to SeaVision the
               remaining [Redacted - confidential treatment requested] of, such
               Adjusted Gross Revenues in excess of [Redacted - confidential
               treatment requested].

      (d) "Adjusted Gross Revenues", for purposes of this Agreement, shall mean
          the aggregate of all amounts paid to NCL in connection with
          passengers' use of the Services provided by or on the System and
          charged to such passengers' respective on-board accounts by NCL, other
          than amounts paid or payable in respect of [Redacted - confidential
          treatment requested], less (i)(A) the cost to SeaVision of goods sold
          in the case of products and services sold on the System, (B) the cost
          to SeaVision of pay-per-view programming provided on the System, and
          (C) the commissions paid by SeaVision to third parties for advertising
          sold on the System, the aggregate amount of which NCL shall pay over
          to SeaVision, and (ii) credits paid by NCL to passengers in the case
          of gaming on the System.

      (e) On or before the twenty-first day of each calendar month during the
          Term of this Agreement, SeaVision shall provide NCL with a written
          report detailing the Adjusted Gross Revenues generated by the System
          on each Ship on which the System is then installed from cruises
          completed during the prior calendar month.  This report shall govern
          the determination of fees to be retained by NCL and the revenues to be
          remitted by NCL to SeaVision under the terms of this Agreement.
          SeaVision shall provide any and all hardware and/or software
          reasonably necessary or appropriate to interface SeaVision's
          accounting software with the Ship's property management system in
          order for SeaVision to obtain accurate accounting information for such
          reports.

      (f) Within ten (10) days after NCL's receipt of any monthly report
          delivered to NCL by SeaVision pursuant to the terms of subsection 3(e)
          herein, NCL shall remit to SeaVision all Adjusted Gross Revenues
          generated by the System on the Ship during the calendar month
          applicable to such report, less its share of such Adjusted Gross
          Revenues as provided in this Section 3.

                                      -7-
<PAGE>
 
      (g) NCL shall promptly notify SeaVision of any changes, adjustments or
          chargebacks (relative to the Adjusted Gross Revenues in respect of any
          calendar month) of which NCL receives notice after it has made a
          remittance to SeaVision in respect of such calendar month, and
          together therewith, provide to SeaVision appropriate documentation
          supporting all such changes, adjustments or chargebacks.  In the event
          properly-supported changes, adjustments or chargebacks result in a
          reduction of the Adjusted Gross Revenues generated in respect of such
          calendar month, SeaVision shall, within thirty (30) days after its
          receipt of the applicable notice and supporting documentation, refund
          to NCL SeaVision's percentage of the aggregate of such changes,
          adjustments or chargebacks.

     4.   Confidentiality.
          --------------- 

      (a) NCL acknowledges that the System represents and will continue to
          represent the valuable, confidential and proprietary property of
          SeaVision.  SeaVision is not by this Agreement conveying to NCL any
          exclusive proprietary or ownership rights in the System, including,
          but not limited, to any patent, copyright, trademark, service mark,
          trade secret, trade name or other intellectual property rights, except
          that NCL will have the limited rights expressly set forth in this
          Agreement.  Accordingly, NCL acknowledges that, except as expressly
          provided for in this Agreement, NCL possesses no title to or ownership
          of any System or any portion thereof.  NCL will keep the System free
          and clear of all claims, liens and encumbrances resulting from actions
          or omissions of NCL.

      (b) Each party agrees, during the Term of this Agreement and thereafter,
          to maintain the confidential nature of the terms and conditions of
          this Agreement and of any proprietary information shared by the other
          with it.  In the case of SeaVision's proprietary information, such
          proprietary information shall include, but is not limited to (i) any
          knowledge gained by NCL of SeaVision's proprietary application
          software or the configuration of the System; (ii) SeaVision's
          marketing and sales materials; (iii) the format of any and all
          SeaVision reports, including those for data management, revenue
          remittance and marketing surveys, to the extent protected by copyright
          law; and (iv) SeaVision's marketing and advertising client list.  In
          the case of NCL's proprietary information, such proprietary
          information shall include, but is not limited to, the data provided by
          NCL to SeaVision pursuant to the terms of subsection 1(b)(vii) hereof,
          except for any such data in respect of; any passenger who purchases
          merchandise from SeaVision through the System, which data shall not be
          NCL's proprietary information.  Notwithstanding anything contained in
          this Agreement to the contrary, the terms of this Section 4(b) shall
          survive the expiration or termination of this Agreement.

                                      -8-
<PAGE>
 
      (c) Each party acknowledges that its violation of its confidentiality or
          non-disclosure obligations under this Agreement may cause irreparable
          damage to the other that cannot be fully remedied by money damages.
          Accordingly, in the event of any such violation or threatened
          violation, the injured party will be entitled, in addition to pursuing
          any other remedy available to it under this Agreement or at law, to
          obtain injunctive or other equitable relief from any court of
          competent jurisdiction as may be necessary or appropriate to prevent
          any further violations thereof.

      (d) Each party agrees to notify the other immediately upon the notifying
          party's becoming aware of or reasonably suspecting the possession, use
          or knowledge of all or part of any of the other party's proprietary
          information by any person or entity not authorized by this Agreement
          to have such possession, use or knowledge.  The notifying party will
          promptly furnish the other party with details of such possession, use
          or knowledge, will assist in preventing a recurrence thereof and will
          cooperate with the other party in protecting the other party's rights
          in the other party's proprietary information.  A party's compliance
          with the terms of this Section 4 will not be construed as any waiver
          of the other party's right to recover damages or obtain other relief
          against the notifying party for the notifying party's breach of its
          confidentiality or non-disclosure obligations under this Agreement or
          the negligent or intentional harm to the other party's proprietary
          rights.

     5.   Termination.
          ----------- 

      (a) NCL shall have the right to terminate this Agreement prior to the
          Expiration Date in the event the System fails to achieve the technical
          performance standards set forth in Exhibit D attached hereto.  NCL may
          not exercise this right (i) if such technical failure occurs as a
          result of NCL's failure to perform any or all of its obligations under
          the terms of this Agreement; and (ii) without written notice to
          SeaVision of its intention to do so and prior to a period of 90 days
          following such notice in which SeaVision may effect a cure of such
          failure.  In respect of any notice hereunder by NCL of its intention
          to terminate this Agreement as a result of any System deficiency which
          served as the basis for any prior such termination notice, NCL shall
          be obligated, in the case of the second such notice, to extend to
          SeaVision a thirty-day cure period rather than a ninety-day cure
          period and NCL shall not be obligated, in the case of the third or any
          subsequent notice, to extend to SeaVision any cure period whatsoever.
          SeaVision shall, within fifteen (15) days following NCL's written
          notice to SeaVision under such clause (iii), above, provide to NCL
          SeaVision's written response regarding such failure, which response
          shall set forth SeaVision's assessment of the cause of such failure
          and SeaVision's plan to rectify such failure.  In any event, SeaVision
          shall make a good faith effort to rectify such failure as promptly as
          is reasonable under the circumstances

                                      -9-
<PAGE>
 
          and, where appropriate, will implement temporary "work around"
          solutions until a permanent solution can be implemented.

      (b) SeaVision shall have the right to terminate this Agreement in whole or
          in part prior to the Expiration Date in the event the System fails to
          achieve the financial performance standards that SeaVision shall
          determine are necessary to warrant its investment in the System.  In
          the event SeaVision intends to terminate this Agreement pursuant to
          this subsection 5(b), it shall do so in writing to NCL no less than
          one hundred twenty (120) days prior to ceasing operations hereunder or
          thereon, as the case may be.

      (c) Either party hereto shall have the right to terminate this Agreement
          immediately upon written notice to the other party upon such party
          being declared insolvent or bankrupt, or making an assignment for the
          benefit of creditors, or in the event that a receiver is appointed, or
          any proceeding for appointment of a receiver or to adjudge such party
          a bankrupt, or to take advantage of the insolvency laws is demanded
          by, for, or against such party under any provision under the laws of
          any state or country.

      (d) NCL shall have the right to terminate this Agreement prior to the
          Expiration Date in the event SeaVision defaults in the performance of
          any covenant, warranty or agreement made herein (except a failure by
          the System to achieve certain technical performance standards which is
          governed by subsection 5(a) herein), and such default has not been
          cured within thirty (30) days after receipt of written notice thereof
          given by NCL to SeaVision.

      (e) SeaVision shall have the right to terminate this Agreement prior to
          the Expiration Date in the event NCL defaults in the performance of
          any covenant, warranty or agreement made herein and such default has
          not been cured within thirty (30) days after receipt of written notice
          thereof given by SeaVision to NCL.

      (f) Notwithstanding the termination or expiration of this Agreement as
          provided for in this Section 5 and elsewhere in this Agreement, NCL
          shall continue to owe, and shall promptly pay to SeaVision in
          accordance with the terms of Section 3 hereof, all amounts set forth
          in Section 3 that shall have accrued on and prior to the date of such
          termination or expiration.

      (g) As soon as is practicable after the expiration or any termination of
          all or part of this Agreement or any renewal operating term thereof,
          SeaVision shall remove the System, including all hardware and
          software, and all on-board SeaVision personnel from the Ship.  The
          parties hereby agree and acknowledge that in accordance with Section 1
          hereof, SeaVision will retain title to any and all hardware and
          software installed on board the Ship by

                                      -10-
<PAGE>
 
          SeaVision (x) at all times while this Agreement or any renewal
          operating term thereof is in effect as well as (y) in the event
          SeaVision chooses not to continue operating the System installed
          thereon.  Notwithstanding the foregoing, if SeaVision elects to
          terminate this Agreement for any of the reasons set forth above, NCL
          shall have the right to (i) purchase all SeaVision hardware (but not
          software) installed by SeaVision on any Ship, including but not
          limited to [Redacted - confidential treatment requested], at an
          aggregate purchase price equal to [Redacted - confidential treatment
          requested] and (ii) obtain a nontransferable license to use (but only
          on the applicable Ship) the SeaVision software installed by SeaVision
          on that Ship [Redacted -confidential treatment requested].

     6.   Right to Inspect Books & Records.  SeaVision and NCL shall keep full
          --------------------------------                                    
and accurate accounts, records, books, journals, ledgers and data (collectively,
"Records") with respect to the business done by each party respectively under
this Agreement, which Records shall at all times show truthfully, accurately and
fully the compliance by each party with its respective obligations under this
Agreement.  Each party shall have the right, through its designated
representatives, at all reasonable times, upon reasonable advance notice, to
inspect the Records of the other as necessary to verify the sales, revenues
generated and fees collected pursuant to this Agreement.  The parties shall
retain all Records at all times during the Term of this Agreement and any and
all extensions or renewals thereof, and for at least three (3) years thereafter,
and shall make the Records available to the other party during regular business
hours, wherever the Records are maintained, within ten (10) days after receipt
of demand for inspection from such other party.  Both parties shall maintain the
confidential nature of any Records so inspected pursuant to and in accordance
with the provisions of Section 4 hereof.

     7.   Insurance/Waiver of Subrogation.
          ------------------------------- 

      (a) So long as their respective insurers so permit, neither party hereto
          shall be liable to the other, or to the insurer of the other, claiming
          by way of subrogation through or under such other party with respect
          to any loss or damage, in whole or in part, to the System on any Ship,
          to the extent that such other party shall be reimbursed out of that
          party's insurance coverage carried for such other party's protection
          with respect to such loss or damage.  If so permitted, the parties
          shall each obtain any special endorsements required by their
          respective insurance carriers to evidence compliance with the waiver
          and release set forth herein and shall provide a copy thereof to the
          other party.

      (b) SeaVision hereby warrants, represents and covenants that, consistently
          during the Term and at its sole expense, each Manager and each member
          of SeaVision's System installation crews shall be included on
          SeaVision's protection and indemnity cover and shall be covered by
          general medical

                                      -11-
<PAGE>
 
          insurance maintained by SeaVision, in each case for such periods of
          time as the Manager or such crew member is posted to a Ship.

     8.   Interruption in Performance.  Neither NCL nor SeaVision shall be
          ---------------------------                                     
liable to the other for any loss, damage or loss of profits arising out of any
interruption or cessation of the Services to be provided hereunder when such
interruption or cessation is caused by any circumstance beyond the reasonable
control of such party.

     9.   Indemnification.
          --------------- 

      (a) SeaVision shall indemnify, defend and hold harmless NCL and its
          successors and assigns from and against any and all liabilities,
          claims, suits, damages, judgments, awards, penalties, losses and other
          liabilities (including all related reasonable attorneys' fees, costs
          and expenses in connection therewith) (collectively referred to
          hereinafter as "Losses") suffered or incurred by NCL by reason of,
          arising out of or in connection with (i) any negligent, willful or
          intentional act or omission of SeaVision (or an employee, agent or
          representative of SeaVision) committed or omitted, as the case may be,
          in the course of SeaVision's performance of the terms of this
          Agreement or (ii) SeaVision's failure to fully perform the terms of
          this Agreement.

      (b) NCL shall indemnify, defend and hold harmless SeaVision and its
          successors and assigns from and against any and all Losses suffered or
          incurred by SeaVision by reason of, arising out of or in connection
          with (i) any negligent, willful or intentional act or omission of NCL
          (or an employee, agent or representative of NCL) committed or omitted,
          as the case may be, in the course of NCL's performance of the terms of
          this Agreement or (ii) NCL's failure to fully perform the terms of
          this Agreement.

     10.  Further Assurances of SeaVision's Title.
          --------------------------------------- 

      (a) NCL hereby agrees to execute and deliver to SeaVision, upon the
          request of SeaVision from time to time, such UCC-1 financing
          statements and other documents as SeaVision shall reasonably require
          for the purpose of evidencing to NCL and any third party SeaVision's
          continued ownership of all components (hardware and software) of the
          System (such financing statements and other documents to describe all
          such components and to be in the form required by applicable law).

      (b) SeaVision may affix permanent (to the degree reasonably possible),
          legible and visible labels on each component of the System (hardware
          only), to the extent that doing so is reasonably possible or
          practicable.  Each such label may clearly indicate that SeaVision
          holds title to the component to which that label is affixed.

                                      -12-
<PAGE>
 
     11.  Limitation of Liability.  THE WARRANTIES AND REMEDIES EXPRESSLY SET
          -----------------------                                            
FORTH IN THIS AGREEMENT ARE EXCLUSIVE AND ARE IN LIEU OF ALL OTHER WARRANTIES
AND REMEDIES, ORAL OR WRITTEN, EXPRESS OR IMPLIED, INCLUDING, WITHOUT
LIMITATION, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A
PARTICULAR PURPOSE OR ANY IMPLIED WARRANTIES ARISING FROM COURSE OF PERFORMANCE,
COURSE OF DEALING OR USAGE OF TRADE.  EXCEPT AS EXPRESSLY PROVIDED HEREIN OR
ELSEWHERE IN THIS AGREEMENT, IN NO EVENT WILL EITHER PARTY BE LIABLE FOR ANY
INDIRECT, SPECIAL, INCIDENTAL OR CONSEQUENTIAL DAMAGES ARISING OUT OF NCL'S USE
OF OR INABILITY TO USE THE SYSTEM OR ANY PORTION THEREOF OR FROM ANY DELAY IN
THE SYSTEM ACHIEVING THE TECHNICAL PERFORMANCE STANDARDS OR FROM ANY DELAY IN
THE SYSTEM MEETING, OR ANY INABILITY OF THE SYSTEM TO MEET, EITHER PARTY'S
EXPECTATIONS WITH RESPECT TO OPERATIONS OR PERFORMANCE, EVEN IF SUCH PARTY IS
ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.  IN ADDITION THERETO, SEAVISIONS'
LIABILITY FOR DIRECT DAMAGES OF NCL ARISING OUT OF ANY OF THE FOREGOING SHALL IN
NO EVENT EXCEED THE AMOUNT OF [REDACTED - CONFIDENTIAL TREATMENT REQUESTED];
PROVIDED, HOWEVER, THAT THE FOREGOING LIMITATION SHALL NOT BE APPLICABLE TO
DAMAGES RESULTING FROM THE GROSS NEGLIGENCE OR WILLFUL MISCONDUCT OF SEAVISION
OR ITS EMPLOYEES.  IN PARTICULAR, SEAVISION IS NOT RESPONSIBLE FOR ANY COSTS
INCLUDING, BUT NOT LIMITED TO, THOSE INCURRED AS A RESULT OF LOST PROFITS OR
REVENUE, LOSS OF USE OF THE SYSTEM, LOSS OF DATA, THE COST OF RECOVERING ANY
DATA, THE COST OF SUBSTITUTE SOFTWARE, OR CLAIMS BY THIRD PARTIES.

     12.  Sale or Disposal of a Ship.  In the event that NCL elects to sell or
          --------------------------                                          
otherwise dispose of any Ship upon which the System is then installed, NCL
promptly shall notify SeaVision in writing of its decision.  Upon the sale of
any such Ship, the new owner shall have the option of assuming this Agreement
with respect to that Ship.  If the new owner of such Ship elects not to assume
this Agreement in respect of that Ship or in the event NCL is disposing of such
Ship other than through a sale or transfer (i.e., decommissioning), SeaVision
promptly shall [Redacted - confidential treatment requested], and NCL shall
[Redacted - confidential treatment requested] in the case of the S/S Norway),
plus the aggregate of [Redacted - confidential treatment requested] by SeaVision
[Redacted -confidential treatment requested], less the aggregate of [Redacted -
confidential treatment requested].  For purposes of determining [Redacted -
confidential treatment requested], the initial value of the System shall be
[Redacted - confidential treatment requested] in the case of the S/S Norway),
which value shall [Redacted - confidential treatment requested], and to which
shall be added [Redacted - confidential treatment requested], which new
additional amounts also [Redacted - confidential treatment requested].

                                      -13-
<PAGE>
 
     13.  Public Announcements.  The parties shall consult with each other and
          --------------------                                                
issue a public statement with respect to this Agreement as soon as is practical
after the date hereof.  During the term of this Agreement, NCL shall include a
reference to SeaVision in any and all public announcements or marketing
materials referring to interactive television services on-board the Ships.

     14.  Right to Make Agreement.  Each of the parties hereto represents and
          -----------------------                                            
warrants to the other that it has all necessary and appropriate power and
authority to execute, deliver and carry out the terms and provisions hereof.

     15.  Counterparts.  This Agreement may be executed in any number of
          ------------                                                  
counterparts, each of which shall constitute an original and all of which
together shall constitute but one and the same original document.

     16.  Assignment.  Either party hereto may assign this Agreement and its
          ----------                                                        
respective rights, interests and obligations hereunder to any third party
without the consent of the other party hereto; provided, however, that no such
assignment by a party shall relieve that party of any of its liabilities or
obligations hereunder.  It is expressly understood and agreed that this
Agreement and all of SeaVision's interests and rights herein and hereunder may
be assigned, pledged, mortgaged and/or hypothecated by SeaVision at its
exclusive discretion to any third party purchasing all or substantially all of
SeaVision's assets, provided that such assignee agrees in writing to assume all
of SeaVision's obligations under this Agreement.

     17.  Successors.  This Agreement shall inure to the benefit of, and be
          ----------                                                       
binding upon, the respective successors and assigns of the parties hereto.

     18.  Governing Law.  This Agreement shall be governed by and construed in
          -------------                                                       
accordance with the laws of the State of Florida, without regard to its
principles of conflicts of laws.

     19.  Severability.  If any Section or provision of this Agreement, or any
          ------------                                                        
portion of any Section or provision thereof, shall for any reason be held to be
void, illegal or otherwise unenforceable, all other Sections and portions of
this Agreement shall nevertheless remain in full force and effect as if such
void, illegal or unenforceable portion had never been included herein.

     20.  Notices.  All notices and other communications required or otherwise
          -------                                                             
provided for in this Agreement shall be in writing and sent by registered or
certified mail to:

     If to SeaVision:    SeaVision, Inc.
                         200 Greentree Commons
                         381 Mansfield Avenue
                         Pittsburgh, PA  15220
                         Attn: Brian K. Blair

                                      -14-
<PAGE>
 
     If to NCL:      Norwegian Cruise Line Limited
                     2 Alhambra Plaza
                     Coral Gables, Florida 33134
                     Attn: Robert Walters

or to such other place as SeaVision or NCL, as the case may be, may from time to
time designate in accordance herewith.

     21.  Entire Agreement; Modification.  This Agreement, including the
          ------------------------------                                
Exhibits attached hereto, contains the entire agreement of the parties on the
subject matter hereof, and supersedes any and all prior agreements, if any, with
respect to such subject matter.  This Agreement may not be changed, modified or
supplemented except by the written agreement of the parties.


     IN WITNESS WHEREOF, this Agreement has been duly executed by the parties
hereto as of the date first above written.


ATTEST:                                  SEAVISION, INC.



-----------------------------------      By:
                                             -----------------------------------
Its:                                     Its:
    -------------------------------          -----------------------------------


ATTEST/WITNESS:                          NORWEGIAN CRUISE LINE LIMITED



                                         By:
-----------------------------------         ------------------------------------
 
Its:                                     Its:
    -------------------------------          -----------------------------------

    [Signature page to Agreement dated as of August 12, 1996 by and between
               SeaVision, Inc. and Norwegian Cruise Line Limited]

                                      -15-
<PAGE>
 
                                   EXHIBIT A

             Primary Hardware and Software Components of the System
                          to be provided by SeaVision


                 [Redacted - confidential treatment requested]
<PAGE>
 
                                   EXHIBIT B

     I.  Entertainment and Interactive Services to be Provided by SeaVision
         ------------------------------------------------------------------


"Basic" SeaVision Package: Services Provided at No Charge
---------------------------------------------------------

     .    In-Cabin Room Service Ordering:  Passengers will be able to order
          NCL's standard room service menu, including beverages charged to their
          cabin account, through the System. Orders will be printed out in
          appropriate pantries and/or galleys for delivery by NCL personnel.
          SeaVision shall provide, as part of the System, printers and/or
          monitors to be used in such pantries and/or galleys for such purpose.

     .    Shore Excursion Ordering:  Passengers will be able to watch videos of
          shore excursions and purchase tickets for shore excursions on and
          through the System by using their television remote-control.  Orders
          will be printed out in the Shore Excursion Office of the Ship, with
          tickets in respect thereof to be delivered by NCL personnel.  The
          System will provide appropriate inventory control.

     .    Wine Ordering:  Passengers will be able to view a wine menu on the
          System and order their selection with their television remote-
          controls.  Orders will be printed out in the Wine Steward's office or
          wine cellar, for delivery by NCL personnel at the designated meal.
          Cabin accounts will be charged accordingly.

          NCL shall be responsible for providing all ticket stock, videos and
          photographs for shore excursions and wine ordering.  NCL may choose,
          at its option, to produce its own videos and photographs, retain
          SeaVision for this purpose and reimburse SeaVision for all its costs
          incurred in connection with producing the same, or contract with a
          third party to produce such videos and/or photographs, provided,
          however, that any videos and photographs produced by any such third
          party shall in all ways meet SeaVision's technical standards for use
          on the System.  If NCL elects to have SeaVision produce any such
          videos or photographs, SeaVision shall provide NCL with detailed cost
          estimates prior to the initiation of video and photograph production.
          Such estimates will include the cost of pre-production scripting and
          preparation and the cost of sending crews aboard NCL's Ships for
          taping, photographing and post-production editing.  NCL shall pay
          these costs directly to SeaVision as a vendor.  Each party shall make
          its library of videos and photographs for shore excursions available
          to the other for the other's use in connection with the conduct of its
          business.
<PAGE>
 
     .    Interface with NCL's Property Management System:  The System will
          interface with the Ship's property management system to enable
          appropriate charges to be applied to passenger accounts.

     .    Access Control:  The System will be designed to limit access to only
          those persons who are adult passengers or who are minors under adult
          supervision.  Passengers will be able to limit access to various
          services, such as gaming and adult programming, by enabling lock-out
          codes and using password procedures.

     .    Report Generation:  The System will generate detailed activity
          reports, which will be made available to NCL for the purposes of
          revenue payments to SeaVision. SeaVision shall also provide, at NCL's
          request, reports pertaining to passenger usage of the System.

     .    Passenger Folio Review-On-board Account:  Each passenger will be able
          to use the System to review a summary of his or her account.
          SeaVision shall provide the interfaces to NCL's on-board systems
          necessary to provide such review; provided that NCL shall reasonably
          cooperate with the development of such interfaces.

     .    Transaction Fee:  In consideration of SeaVision's provisions of
          certain services on the System at no charge, NCL agrees to consider
          the implementation of a transaction fee of not more than $1.00 per
          transaction initially for passengers utilizing the System for shore
          excursions, room service, wine ordering and other non-revenue
          generating passenger services. Any such transaction fees will be
          included in the Adjusted Gross Revenue generated by the System.

Revenue-Generating and Pay-Per-View Entertainment
-------------------------------------------------

NOTE: NCL will be entitled to a portion of the Adjusted Gross Revenues generated
by the following services, pursuant to and in accordance with the terms of
Section 3 of the Agreement.

     .    Video-on-Demand:  Passengers will be able to purchase movies and other
          entertainment options such as taped concerts, on demand, using the
          System and their television remote-control.  SeaVision shall determine
          the fee that will be levied for each such order and charged to such
          passengers' respective cabin accounts.  Subject to NCL's approval,
          adult programming may be offered.

     .    Gaming Options:  Passengers will be able to play video slots, poker
          and blackjack on the System. Any additional games that SeaVision may
          desire to provide on the System shall be subject to the parties'
          mutual agreement. SeaVision will determine the value of each
          individual credit that passengers
<PAGE>
 
          may purchase and charge to their cabin accounts.  Credits may be
          redeemed at a location designated by NCL.

     .    Shopping:  SeaVision will offer passengers shopping videos and
          interactive video shopping on and through the System.  NCL will retain
          the right to approve the items offered for sale and the vendors
          providing those items.  In the event NCL elects to offer its own items
          for sale on and through the System, NCL shall pay all related
          production costs incurred by SeaVision directly to SeaVision as a
          vendor and SeaVision will be entitled to a share of the Adjusted Gross
          Revenues generated therefrom pursuant to and in accordance with the
          terms of Section 3 of the Agreement.  Access to the System by
          concessionaires on board the Ship, including but not limited to the
          on-board shops, casino, beauty salon and spa, and photographer, will
          be by mutual agreement between SeaVision and those vendors.  NCL will
          be entitled to a portion of the Adjusted Gross Revenues generated by
          any fees paid by such purveyors, pursuant to and in accordance with
          the terms of Section 3 of the Agreement.

     .    Advertising and Promotions:  SeaVision shall have the exclusive
          right to provide access to the System to third parties for the
          purposes of advertising, promotions and marketing of their companies,
          products or services.

          NCL shall retain the right to approve such third party advertisers as
          will be given access to the System and the manner in which any such
          advertising is presented.  NCL shall designate the individual
          responsible for granting such approvals on its behalf, and such
          individual shall provide SeaVision with general guidelines for
          advertising and marketing activities and the procedure SeaVision shall
          follow in submitting advertising and marketing proposals for NCL's
          consideration.  NCL shall not unreasonably withhold its approval of
          advertising and marketing proposals with respect to the System.  NCL
          shall notify SeaVision of its approval or denial of an advertising or
          marketing proposal within 14 days after SeaVision's written submission
          thereof.  In the event NCL fails to notify SeaVision of its decision
          within that period, it shall be deemed to have approved that written
          submission.  NCL will be entitled to a portion of the Adjusted Gross
          Revenues generated by such advertising and marketing promotions on the
          System, pursuant to and in accordance with the terms of Section 3 of
          the Agreement.

Miscellaneous Optional Services (to be offered only upon mutual agreement of the
-------------------------------                                                 
parties)

     .    Digital Photography:  Passengers will be able to view in their cabins
          personal photographs taken by the on-board photo concessionaire.  The
          system will display the photographs allowing the passengers to
          purchase a variety of sizes and poses.  This service can include,
          subject to NCL approval, kiosk-based
<PAGE>
 
          applications which will provide an entertaining and easy-to-use
          graphical, touch screen interface to purchase "instant" photographs
          with a wide variety of backgrounds and in various sizes.  Revenues
          from photographs purchased over the System, less cost of materials,
          will be included in Adjusted Gross Revenues.
<PAGE>
 
                                   EXHIBIT C

                On-board Television Coordinator Responsibilities
                ------------------------------------------------



                            [to be provided by NCL]
<PAGE>
 
                                   EXHIBIT D

                                        
                 Technical Performance Standards of the System
                 ---------------------------------------------



                 [Redacted - confidential treatment requested]
