<PAGE>
Confidential treatment has been requested for portions of this document. This
copy of the document filed as an Exhibit omits the confidential information
subject to the confidentiality request. Omissions are designated by three
asterisks (***). A complete version of this document has been filed separately
with the Securities and Exchange Commission.

                                                                   EXHIBIT 10.69

                        LICENSED SOFTWARE ADDENDUM #14 TO
                      MASTER TECHNOLOGY LICENSE AGREEMENTS
                    DATED JANUARY 16, 2000 AND JUNE 12, 1997

This Licensed Software Addendum #14 ("LSA #14") is entered into effective as of
October 1, 2003 (the "Effective Date") by and between Konica Minolta Business
Technologies, Inc., a Japanese corporation, having offices at No, 2970
Ishikawa-cho, Hachioji-shi, Tokyo, Japan ("KMBT") and Peerless Systems
Corporation, having its principal office at 2381 Rosecrans Ave, Suite 400, El
Segundo, CA 90245 ("PEERLESS"), pursuant to the provisions of the Master
Technology License Agreement between Konica Corporation and PEERLESS dated
January 16, 2000 ("MTLA #1"), which is succeeded by KMBT, and (ii) the
provisions of the Master Technology License Agreement between Minolta Co., Ltd.
and PEERLESS dated June 12, 1997 ("MTLA #2"), which is succeeded by KMBT.

This LSA #14 is hereby incorporated into the MTLA #1 and the MTLA #2 by
reference herein.

All capitalized terms used in this LSA #14 that are not specifically defined
herein shall have the meaning ascribed to them in the MTLA #1 and MTLA #2 and
the attachments thereto. Where there is a conflict between (i) the provisions
and the capitalized terms in this LSA#14 and (ii) the provisions and the
capitalized terms in MTLA #1 and MTLA#2, those of (i) shall prevail.

This LSA #14 grants a Block License to distribute Derivative Works of the
PEERLESS Licensed Products identified in and licensed under the LSAs and Nest
Office Agreements ("License Agreements") referred to in Section 3.0 of this LSA
#14. Each License Agreement referred to in Section 3.0 contains the terms and
conditions relating to the respective PEERLESS Licensed Products identified
therein, the Authorized KBMT Devices identified in Section 4.0 of this LSA #14,
and the KMBT Facilities identified in Section 1.0 of this LSA #14.

1.0      KMBT FACILITIES

         "KMBT Facilities" means the facilities set forth in Section 2.0 herein,
which are deemed to be the Authorized KMBT Facilities as of the Effective Date.

2.0      AUTHORIZED KMBT FACILITIES

         KMBT, composed of the Affiliates and Subsidiaries listed herein, shall
use the PEERLESS Licensed Products only at the following locations ("KMBT
Facility(ies)" or "Authorized KMBT Facility(ies)"): 1) Huntington Beach site.
5701 Skylab, Huntington Beach, CA 92647, USA, 2) Itami site, 4-18 Takadai,
Itami-shi, Hyogo, Japan 644-8511, 3) Konica Minolta System Laboratory Inc., 301
Velocity way, 3rd floor, Foster City, CA 94404 USA, 4) Konica Minolta System
Laboratory Inc., 11150 Hope Street, Cypress, CA 90630 USA. KMBT shall designate
any additional laboratory sites in writing to PEERLESS. KONICA may make a
written request, and PEERLESS shall not unreasonably withhold a change of venue
for any of the site licenses granted in this LSA#14. Tile Authorized KMBT
Device(s) shall be

January 26, 2004                Page 1          INITIALS:  PEERLESS ___ KMBT ___

<PAGE>
Confidential treatment has been requested for portions of this document. This
copy of the document filed as an Exhibit omits the confidential information
subject to the confidentiality request. Omissions are designated by three
asterisks (***). A complete version of this document has been filed separately
with the Securities and Exchange Commission.

manufactured at and by a semiconductor manufacturer to be designated by KMBT
subject to the terms and conditions of MTLA #1, MTLA #2, and attachments
thereto.

3.0      PEERLESS LICENSED PRODUCT:

         (a)      PEERLESS SPS(TM) Software Developer Kit Compatible with
                  VxWorks(R) inclusive of PEERLESS' Novell NEST SDK, which is
                  licensed under Licensed Software Addendum #8 dated January 1,
                  2002 to MTLA #1 ("LSA #8").

         (b)      NEST Office SDK, which is licensed under NEST Office. SDK
                  License Agreement dated January 29, 2002 and Supplement #1 to
                  NEST Office SDK License Agreement dated January 29, 2002.

         (c)      PEERLESS SPS(TM) Software Developer Kit Compatible with
                  VxWorks(R) inclusive of PEERLESS' Novell NEST SDK, which is
                  licensed under Licensed Software Addendum #7 dated January 9,
                  1999 to MTLA #2 ("LSA #7") and Addendum #1 dated May 19, 2003
                  ("Addendum #1") to LSA #7 and Licensed Software Addendum #11
                  dated January 15, 2002 to MTLA #2 ("LSA #11")

         (d)      NEST Office SDK, which is licensed under NEST Office SDK
                  License Agreement dated June 14, 2000 and Supplement #1 to
                  NEST Office SDK License Agreement dated June 14, 2000 and
                  Supplement #2 to NEST Office SDK License Agreement dated
                  January 6, 2003 and Supplement #3 to NEST Office SDK License
                  Agreement dated May 19, 2003,

         (e)      PEERLESS SPS(TM) Lite Phase I Software Developer Kit, which is
                  licensed under Licensed Software Addendum #13 dated April 1,
                  2002 to MTLA #2 ("LSA#13").

4.0      AUTHORIZED KMBT DEVICES

         The Authorized KMBT Devices are identified in ;he following License
Agreements:

         (a)      LSA #8;

         (b)      NEST Office SDK License Agreement dated January 29, 2002;

         (c)      Supplement #1 to NEST Office SDK License Agreement dated
                  January 2, 2002;

         (d)      LSA #7;

         (e)      Addendum #1;

         (f)      NEST Office SDK License Agreement dated June 14, 2000;

         (g)      Supplement # 1 to NEST Office SDK License Agreement dated June
                  14, 2000;

         (h)      Supplement #2 to NEST Office SDK License Agreement dated
                  January 6, 2003;

January 26, 2004                Page 2          INITIALS:  PEERLESS ___ KMBT ___

<PAGE>
Confidential treatment has been requested for portions of this document. This
copy of the document filed as an Exhibit omits the confidential information
subject to the confidentiality request. Omissions are designated by three
asterisks (***). A complete version of this document has been filed separately
with the Securities and Exchange Commission.

         (i)      Supplement #3 to NEST Office, SDK License Agreement dated May
                  19, 2003; and

         (j)      LSA #13.

5.0      BLOCK LICENSE

         Without limiting any of KMBT's rights under MTLA #1, MTLA #2 and
agreements listed in Section 3.0, and subject to KMBT's payment of the Block
License Fee identified in Section 5.1 of this LSA #14, PEERLESS grants to KMBT a
non-exclusive and non-transferable Block License for the distribution, of
Derivative Works of PEERLESS Licensed Products identified in and licensed under
the agreements in Section 3.0, in Object Code format only, contained in the
Authorized KMBT Devices that are identified in Section 4.0 of this LSA #14.

         5.1      PEERLESS grants KMBT a Block License for PEERLESS Licensed
         Products contained in the Authorized KMBT Devices that are identified
         in Section 4.0 of this LSA #14 upon the non-refundable,
         non-transferable and non-creditable payment of the Block License Fee in
         the amount of *** by KMBT to PEERLESS. This Block License Fee shall be
         due and payable upon the date of last signature of this LSA #14 and
         shall be made within thirty (30) days after the date of last signature
         of this LSA #14.

         5.2      Block License Terms and Conditions: The terms and conditions
         of the Block License are as follows:

         (a)      The Block License shall apply only to the distribution of the
                  PEERLESS Licensed Products identified in Section 3.0 of this
                  LSA #14 and the Authorized KMBT Devices identified in Section
                  4.0 of this LSA #14.

         (b)      License Fees: KMBT shall use the calculation set out in each
                  respective License Agreement referred to in Section 3.0 of
                  this LSA #14 to determine the Per Unit License Fee.
                  Notwithstanding the foregoing, KMBT may apply the Per Unit
                  License Fees set out in Table I below under the Block License
                  in lieu of the Per Unit License Fees defined in each
                  respective License Agreement referred to in Section 3.0 of
                  this LSA #14,

                         TABLE #1 -BLOCK LICENSE PRICING

<TABLE>
<CAPTION>
PEERLESS -LICENSED PRODUCT                       PER-UNIT LICENSE FEE
--------------------------                       --------------------
<S>                                              <C>
SPS(TM) (including NEST(TM))                     U.S. $***
SPS(TM) Lite                                     U.S. $***
NEST(TM) Only                                    U.S. $***
SPS(TM) Only as an option to a NEST(TM) Only
Authorized KMBT Device                           U.S. $***
</TABLE>

         (c)      The Block License Fee of *** stated in Section 4.1 shall be
                  credited to the recurring license fees stated in Section
                  4.2(b) until the Block License Fee is exhausted.

January 26, 2004                Page 3          INITIALS:  PEERLESS ___ KMBT ___

<PAGE>
Confidential treatment has been requested for portions of this document. This
copy of the document filed as an Exhibit omits the confidential information
subject to the confidentiality request. Omissions are designated by three
asterisks (***). A complete version of this document has been filed separately
with the Securities and Exchange Commission.

         (d)      Upon exhaustion of the *** Block License granted herein, the
                  following actions may take place:

                  a.       The Parties agree that they will negotiate in good
                           faith a future Block License structure reflecting
                           similar discount structures as contained herein; or

                  b.       If KMBT, at its sole discretion, decides not to
                           purchase an additional Block License, the recurring
                           Per Unit License Fees set out in each respective
                           License Agreement referred to in Section 3.0 of this
                           LSA #14 shall apply.

6.0      SUPPORT

No support is provided under this LSA #14. Any support for the PEERLESS Licensed
Product may be covered by a separate agreement that is mutually agreed upon in
writing by the parties. KMBT will be required to purchase on-going Subscription
Support under a separate agreement to maintain the licenses granted herein.

7.0      TERM AND TERMINATION

The term of this LSA #14 shall commence upon the Effective Date and shall
continue in full force and effect until the MTLA #1 and MTLA #2 have expired or
has been terminated, whichever comes first.

IN WITNESS WHEREOF, the parties hereto have executed this LSA #14 as of the
Effective Date.

KONICA MINOLTA BUSINESS TECHNOLOGIES,    PEERLESS SYSTEMS CORPORATION
INC.

BY:
                                         BY:

/S/ KATSUNOBU IMAZATO                    /s/ WILLIAM NEIL
------------------------------------     --------------------------------------
(Authorized Signature)                   (Authorized Signature)

Name:    Katsunobu Imazato
Title:   General Manager,
         R&D Administration Div.,        Name:    William Neil
         Imaging System R&D HQ           Title:   Vice President Finance & CFO
Date:    January 29, 2004                Date:    January 30, 2004

January 26, 2004                Page 4          INITIALS:  PEERLESS ___ KMBT ___