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Reaffirmation and Ratification Agreement
Reaffirmation and Ratification Agreement (6K)
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REAFFIRMATION AND RATIFICATION AGREEMENT
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November 16, 2005
Laurus Master Fund, Ltd.
c/o Laurus Capital Management, LLC
825 Third Avenue
New York, New York 10022
Ladies and Gentlemen:
Reference is made to the (a) Subsidiary Guaranty dated as of July 12, 2004 made
by Page Digital Incorporated, a Delaware corporation ("Page"), IP Retail
Technologies International, Inc. (f/k/a IPI Merger Sub II, Inc.), a Delaware
corporation ( . . .
1120641
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Island Pacific
As referenced in this Reaffirmation and Ratification Agreement:
Island Pacific, Inc. – Ltd., a Cayman Islands company
("Laurus") (as amended, modified or supplemented from time to time, the
"Subsidiary Guaranty"), (b) Master Security Agreement dated as of July 12, 2004
made by Island Pacific, Inc. , a Delaware corporation (the "Company"), Page, IP
Retail and Sabica in favor of Laurus (as amended, modified or supplemented from
time to time, the "Master Security Agreement") and (c)
_____________
ISLAND PACIFIC, INC. – intentionally left blank]
2
<PAGE>
This letter agreement shall be governed by and construed in accordance
with the laws of the State of New York.
Very truly yours,
ISLAND PACIFIC, INC.
By: ___________________________________
Name:
Title:
PAGE DIGITAL INCORPORATED
By: ___________________________________
Name:
Title:
IP RETAIL TECHNOLOGIES
INTERNATIONAL, INC.
(f/k/a IPI Merger Sub II, Inc.)
By: ___________________________________
Name:
Title:
SABICA
_____________
dt 1759265
;
|
Island Pacific
As referenced in this Reaffirmation and Ratification Agreement:
Island Pacific, Inc. – Ltd., a Cayman Islands company
("Laurus") (as amended, modified or supplemented from time to time, the
"Subsidiary Guaranty"), (b) Master Security Agreement dated as of July 12, 2004
made by Island Pacific, Inc. , a Delaware corporation (the "Company"), Page, IP
Retail and Sabica in favor of Laurus (as amended, modified or supplemented from
time to time, the "Master Security Agreement") and (c)
_____________
ISLAND PACIFIC, INC. – intentionally left blank]
2
<PAGE>
This letter agreement shall be governed by and construed in accordance
with the laws of the State of New York.
Very truly yours,
ISLAND PACIFIC, INC.
By: ___________________________________
Name:
Title:
PAGE DIGITAL INCORPORATED
By: ___________________________________
Name:
Title:
IP RETAIL TECHNOLOGIES
INTERNATIONAL, INC.
(f/k/a IPI Merger Sub II, Inc.)
By: ___________________________________
Name:
Title:
SABICA
_____________
dt 1759277
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