##### 



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 10.87 AMENDMENT NO. 21
TO THE
POSTSCRIPT SOFTWARE DEVELOPMENT LICENSE
AND SUBLICENSE AGREEMENT
BETWEEN
ADOBE SYSTEMS INCORPORATED
AND
PEERLESS SYSTEMS CORPORATION
Effective Date: January 1, 2005 This Amendment No. 21 (the Amendment) to the PostScript Software Development License and
Sublicense Agreement dated July 23, 1999 (the Agreement) is between Adobe Systems Incorporated, a
Delaware corporation having a place of business at 345 Park Avenue, San Jose, CA 95110 (Adobe)
and Peerless Systems Corporation, a Delaware corporation, having a place of business at 2381
Rosecrans Avenue, El Segundo, California 90245 (Peerless). WHEREAS, the purpose of this Amendment is to establish and revise certain royalty terms as set
forth in this Amendment. NOW, THEREFORE, the parties agree as follows: 1.       The following new Paragraph 1(c)is hereby added to EXHIBIT D-1 (Non-Roman Font
Programs): (c) Kozuka Mincho and Kozuka Gothic Font Programs for Japanese Typefaces: Adobe
will provide the Kozuka Mincho Pro-Regular Typeface that supports the Adobe-Japan1-4
character collection and Kozuka Gothic Pro-Medium Typeface that supports the
Adobe-Japan1-4 character collection as defined in Adobes Technical Note #5078
(Adobe-Japan1-2 Character Collection for CID-Keyed Fonts). Generic characters
listed therein are not typeface specific. Special character set or encodings are not
provided. Identifying Trademark
    
    Character Collection
    
    Trademarks OwnerKozuka Mincho Pro-Regular
    
    Adobe-Japan1-4
    
    Adobe Systems IncorporatedKozuka Gothic Pro-Medium
    
    Adobe-Japan1-4
    
    Adobe Systems Incorporated




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##### 



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. 2.       TABLE A in Paragraph 3.2.1of EXHIBIT O (Royalty Payments and Other Fees) is
hereby deleted and replaced with the following: *** 3.       The following new Paragraph 9.1.5is hereby added to EXHIBIT O (Royalty Payments and
Other Fees): 9.1.5 The Kozuka Mincho Pro-Regular and/or Kozuka Gothic Pro-Medium Font Programs
for Japanese Typefaces may be distributed with Licensed Systems or distributed
bundled with the Revised Object when distributed as an upgrade for a previously
distributed Licensed System, at the royalty rate of *** for each copy of each such
Font Program. 4.       TABLE K in Paragraph 3.2.3of EXHIBIT O (Royalty Payments and Other Fees) is
hereby deleted and replaced with the following: *** 5.       The first table in EXHIBIT O-1 (Royalty Payments and Other Fees for Royalty-Bearing
Components of Peerless-Branded Licensed Systems) is hereby deleted and replaced with the following: *** 6.       All other terms and conditions of the Agreement shall remain in full force and effect. IN WITNESS WHEREOF, each of Adobe and Peerless has executed this Amendment No. 21 to the
PostScript Software Development License and Sublicense Agreement by its duly authorized
representative. Adobe:
    
    Peerless:ADOBE SYSTEMS INCORPORATED
    
    PEERLESS SYSTEMS CORPORATIONBy: /s/ JEFF RUSSAKOW
    
    By: /s/ WILLIAM NEILPrint Name: Jeff Russakow
    
    Print Name: William NeilTitle: VP, WW Sales Operations & Customer Support
    
    Title: VP Finance, CFODate: 3/30/05
    
    Date: March 17, 2005
 2