SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): January 5, 2005
Island Pacific, Inc.
(formerly known as SVI Solutions, Inc.)
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(Exact Name of Registrant as Specified in its Charter)
Delaware
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(State or Other Jurisdiction of Incorporation)
0-23049 33-0896617
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(Commission File Number) (IRS Employer Identification No.)
19800 MacArthur Boulevard, Suite 1200, Irvine, California 92612
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(Address of Principal Executive Offices) (Zip Code)
(949) 476-2212
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(Registrant's telephone number, including area code)
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(Former Name or Former Address, if Changed Since Last Report)
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
On January 5, 2005, the Registrant entered into Amendment No. 2 (the
"Amendment") to the Retail Pro Software License Agreement dated December 6, 2002
between Intuit Inc. and Retail Technologies International, Inc. ("RTI") (the
"License Agreement"), which was assigned to and assumed by the Registrant in
connection with its acquisition of RTI.
Pursuant to the License Agreement, certain license rights were to
expire on December 6, 2005 and December 6, 2006. The Amendment extends the term
of those license rights as follows: (1) the definition of Existing RTI Customer
was amended to include any person or entity that purchases or licenses Retail
Pro Software from the effective date of the License Agreement through December
31, 2006; the previous definition only applied to customers through December 31,
2005, (2) the Registrant's license to use the source code for the Retail Pro
Software for support and development purposes was extended one year to December
6, 2007, (3) the Registrant's license to the object code for the Retail Pro
Software, which provides the Registrant the right to resell the Retail Pro
Software, was extended one year to December 6, 2006, and (4) the Registrant's
license to use and distribute upgrades and updates to the Retail Pro Software
developed by or for the Registrant was extended one year to December 6, 2007.
Corresponding changes were also made to the royalty provisions of the License
Agreement and the terms that are required to be in reseller agreements. A copy
of the Amendment is attached hereto as Exhibit 10.1.
EXHIBIT INDEX
Exhibit No. Description
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10.1 Amendment No. 2 to the Retail Pro Software License between
Intuit Inc. and Retail Technologies International, Inc. dated
January 5, 2005.
2
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Date: February 11, 2005 Island Pacific, Inc.
/s/ Corinne Bertrand
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Corinne Bertrand
Chief Financial Officer
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