Document:

FORM OF EMPLOYMENT AGREEMENT

This Employment Agreement (this "Agreement") is made effective as of XXXX, 2000,
by and between BBIS.COM, INC., ("the Employer"), of 158 East 58th Street - 24th
Floor, New York, New York 10022, and Bruce Baron, ("the Employee"), of New York,
New York.

A.  Employer is engaged in the business of providing information with respect
to OTCBB issuers over the Internet.

B.  Employer desires to have the services of the Employee.

C.  Employee is willing to be employed by Employer.

Therefore, the parties agree as follows:

1. EMPLOYMENT. Employer shall employ Employee as a President to Develop the
business of the Company and develop and implement the long-term strategy for the
Company Employee accepts and agrees to such employment, subject to the general
supervision, advice and direction of the Employer's Board of Directors only.
Employee may also perform (i) such other duties as are customarily performed by
an employee in a similar position, and (ii) such other and unrelated services
and duties as may be assigned to Employee from time to time.

2. BEST EFFORTS OF EMPLOYEE. Employee agrees to perform faithfully,
industriously, and to the best of Employee's ability, experience, and talents,
all of the duties that may be required by the express and implicit terms of this
Agreement, to the reasonable satisfaction of Employer. Such duties shall be
provided at such place(s) as the needs devoting his best efforts and entire
professional time and attention to the performance and fulfillment of his duties
and to the advancement of the interests of the Company, or opportunities of the
Employer may require from time to time. Nothing herein shall prevent the
Employee from pursuing the affairs of Perception Investing, provided such
efforts do not interfere with the Employee's duties hereunder, which shall be
primary.

3. COMPENSATION OF EMPLOYEE. As compensation for the services provided by
Employee under this Agreement, Employer will pay Employee an annual salary of
$50,000.00 payable in monthly installments payable on the first day and the
fifteenth day of each month. Upon termination of this Agreement, payments under
this paragraph shall cease; provided, however, that the Employee shall be
entitled to payments for periods or partial periods that occurred prior to the
date of termination and for which the Employee has not yet been paid. Accrued
vacation will be paid in accordance with state law and the Employer's customary
procedures. Employee shall also be paid, as to each year during the term, a
bonus equal to 4% of the Employer's pre-tax profits payable within ten days of
the release of the Employer's audited financial statements for such year either
by press release or by SEC filing.

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4. REIMBURSEMENT FOR EXPENSES IN ACCORDANCE WITH EMPLOYER POLICY. The Employer
will reimburse Employee for "out-of-pocket" expenses in accordance with Employer
policies in effect from time to time.

5. RECOMMENDATIONS FOR IMPROVING OPERATIONS. Employee shall provide Employer
with all information, suggestions, and recommendations regarding Employer's
business, of which Employee has knowledge that will be of benefit to Employer.

6. CONFIDENTIALITY. Employee recognizes that Employer has and will have
information regarding the following:
- inventions
- products
- prices
- costs
- future plans
- business affairs
- processes
- trade secrets
- technical matters
- customer lists
- product design
- copyrights
and other vital information (collectively, "Information") which are valuable,
special and unique assets of Employer. Employee agrees that the Employee will
not at any time or in any manner, either directly or indirectly, divulge,
disclose, or communicate in any manner any Information to any third party
without the prior written consent of the Employer. Employee will protect the
Information and treat it as strictly confidential. A violation by Employee of
this paragraph shall be a material violation of this Agreement and will justify
legal and/or equitable relief.

7. CONFIDENTIALITY AFTER TERMINATION OF EMPLOYMENT. The confidentiality
provisions of this Agreement shall remain in full force and effect for a 3 year
period after the termination of Employee's employment.

8. NON-COMPETE AGREEMENT. Recognizing that the various items of Information are
special and unique assets of the company, Employee agrees and covenants that for
a period of 1 year following the termination of this Agreement, whether such
termination is voluntary or involuntary, Employee will not directly or
indirectly engage in any business competitive with Employer. This covenant shall
apply to the geographical area that includes the area within a 200 mile radius
of New York City Directly or indirectly engaging in any competitive business
includes, but is not limited to, (i) engaging in a business as owner, partner,
or agent, (ii) becoming an employee of any third party that is engaged in such
business, (iii) becoming interested directly or indirectly in any such business,
or (iv) soliciting any customer of Employer for the benefit of a third party
that is engaged in such business. Employee agrees that this non-compete
provision will not adversely affect the Employee's livelihood. Excepted from
this non-compete agreement are the activities of the Employee on behalf of
Perception Investing.

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9. TERM/TERMINATION. The Employee's employment under this Agreement shall
commence as of on the initial closing of the Employer's public offering or as
soon as the Employer receives equity funding of at least $250,000, whichever
shall first occur (the "Commencement Date") and shall, unless sooner terminated
in accordance with the provisions hereof, continue uninterrupted for an initial
three-year term expiring on the third anniversary of the day prior to the
Commencement Date, and thereafter shall be automatically renewed for successive
one-year periods unless terminated by either party upon ninety (90) days written
notice prior to the end of any such year. As used herein the "Term" shall refer
to both such initial three year term and any renewal term. The term "first three
year term" shall refer to the annual period commencing on the Commencement Date
and ending on the day prior to the anniversary day of the Commencement Date. The
term "renewal year" shall refer to each annual period after the first year.

         Notwithstanding the foregoing, if the Agreement is not renewed for a
renewal year or is terminated without cause in the first three year term, the
Company will continue to pay Executive's salary for the balance of the first
three year term or the renewal term then in effect.

         The Company shall have the right to terminate the Executive, without
cause, at any time during the first 90 days of the first three year term. Upon
such termination, the Executive shall be entitled to base salary for 60 days and
all additional rights of the Executive hereunder shall cease (including any
rights to receive stock options or bonus).

10. COMPLIANCE WITH EMPLOYER'S RULES. Employee agrees to comply with all of the
rules and regulations of Employer.

11. RETURN OF PROPERTY. Upon termination of this Agreement, the Employee shall
deliver all property (including keys, records, notes, data, memoranda, models,
and equipment) that is in the Employee's possession or under the Employee's
control which is Employer's property or related to Employer's business. Such
obligation shall be governed by any separate confidentiality or proprietary
rights agreement signed by the Employee.

12. NOTICES. All notices required or permitted under this Agreement shall be in
writing and shall be deemed delivered when delivered in person or deposited in
the United States mail, postage paid, addressed as follows:

Employer:

BBIS.com, Inc.
150 East 58th Street - 24th Floor
New York, New York 10022

Employee:

Mr. Bruce Baron
215 East 95th Street - 22M
New York, New York 10128 - 4084

Such addresses may be changed from time to time by either party by providing
written notice in the manner set forth above.

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13. ENTIRE AGREEMENT. This Agreement contains the entire agreement of the
parties and there are no other promises or conditions in any other agreement
whether oral or written. This Agreement supersedes any prior written or oral
agreements between the parties.

14. AMENDMENT. This Agreement may be modified or amended, if the amendment is
made in writing and is signed by both parties.

15. SEVERABILITY. If any provisions of this Agreement shall be held to be
invalid or unenforceable for any reason, the remaining provisions shall continue
to be valid and enforceable. I a court finds that any provision of this
Agreement is invalid or unenforceable, but that by limiting such provision it
would become valid or enforceable, then such provision shall be deemed to be
written, construed, and enforced as so limited.

16. WAIVER OF CONTRACTUAL RIGHT. The failure of either party to enforce any
provision of this Agreement shall not be construed as a waiver or limitation of
that party's right to subsequently enforce and compel strict compliance with
every provision of this Agreement.

17. APPLICABLE LAW. This Agreement shall be governed by the laws of the State of
New York as they are applied to contracts executed and to be performed entirely
within such state.

Employer:

BBIS.com, Inc.

By: ____________________________________________________
    Dr. Eugene Stricker

AGREED TO AND ACCEPTED.

Employee:

By: ____________________________________________________
    Bruce Baron

                                       4THIS NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED,
OR ANY APPLICABLE STATE SECURITIES LAWS, AND MAY NOT BE SOLD, DISTRIBUTED,
ASSIGNED, OFFERED, PLEDGED OR OTHERWISE TRANSFERRED UNLESS (A) THERE IS AN
EFFECTIVE REGISTRATION STATEMENT UNDER THE 1933 ACT AND APPLICABLE STATE
SECURITIES LAWS COVERING ANY SUCH TRANSACTION, (B) THE BORROWER RECEIVES AN
OPINION OF LEGAL COUNSEL FOR THE HOLDER OF THE NOTE (CONCURRED IN BY LEGAL
COUNSEL FOR THE BORROWER) STATING THAT SUCH TRANSACTION IS EXEMPT FROM
REGISTRATION, OR (C) THE BORROWER OTHERWISE SATISFIES ITSELF THAT SUCH
TRANSACTION IS EXEMPT FROM REGISTRATION.

                               SVI HOLDINGS, INC.
           CONVERTIBLE PROMISSORY NOTE AND GRANT OF SECURITY INTEREST

Loan Amount: $500,000                                       Spokane, Washington
Interest Rate: 10%                                            December 14, 2000

                  FOR VALUE RECEIVED, the undersigned, SVI Holdings
("Borrower"), hereby promises to pay to the order of Koyah Leverage Partners
L.P. ("Lender"), at such place as Lender may designate by written notice to
Borrower, by wire transfer of immediately available funds, the principal sum of
Five Hundred Thousand Dollars ($500,000), with interest, to be paid and secured
as set forth below.

         1. PAYMENTS. If not earlier converted into shares of the Borrower's
next round of equity financing pursuant to Section 9, the entire principal
balance of this Convertible Promissory Note and Grant of Security Interest (this
"Note"), together with all accrued but unpaid interest thereon, shall be due and
payable in a single installment on demand on February 14, 2001 (the "Maturity
Date"). Interest on the outstanding principal balance hereunder shall accrue at
the rate of 10% per annum simple interest, calculated on the basis of a three
hundred sixty day year.

         2. PREPAYMENT. Borrower may not prepay all or any portion of this Note
at any time without consent of the Lender.

         3. COLLECTION COSTS BORNE BY BORROWER. Borrower agrees to pay all costs
and expenses, including without limitation reasonable attorneys' fees, incurred
by Lender in any action brought to enforce the terms of this Note and/or to
collect this Note, and in any appeal thereof.

         4. LATE CHARGE. If payment of principal or interest under this Note
shall not be made within five (5) days after written demand is made (on or after
the Maturity Date), Borrower agrees to pay, in addition to the unpaid principal
or interest, interest on such defaulted amount from the date of the written
demand up to the date of actual payment (after as well as before judgment) at a
rate of two percent (2%) per annum above the rate which would have been payable
above or the maximum rate of interest permitted to be charged by applicable law,
whichever is less.

<PAGE>

         5. GRANT OF SECURITY INTEREST. To secure the obligations of Borrower
herein, Borrower hereby grants to Lender a security interest in any and all
right title and interest Borrower now or hereafter has, whether direct, indirect
or beneficial, in the following:

                  (a) that certain Island Pacific Systems Modification Agreement
between Island Pacific Systems Corporation and Toys "R" Us, Inc. dated May 20,
1999;

                  (b) that certain License Agreement for Software Products
between Island Pacific Systems Corporation and Toys "R" Us, Inc. dated May 20,
1999 (the "Toys "R" Us, Inc. Agreement");

                  (c) any attachment made to the Toys "R" Us, Inc. Agreement
pursuant to Section 4 of the Toys "R" Us, Inc. Agreement; and

                  (d) that certain letter agreement between Island Pacific
Systems Corporation and Toys "R" Us, Inc. dated January 14, 2000;

                  whether such right title or interest be in whole or in part in
the form of an account, a chattel interest, general intangible, right to receive
payment or any other asset (collectively, the "Security Interest").

                  Borrower shall take such action as Lender may request, (1) to
perfect the Security Interest, including but not limited to taking such action
as Borrower may request to file a UCC-1 with respect to such security interest
in such place or places as may be appropriate within ten (10) days of the date
of this Note, (2) to execute a more definitive security agreement regarding the
Security Interest in such form as Lender may approve in Lender's sole discretion
within ten (10) days of the date of this Note, and (3) to obtain any release of
any security interest in favor of other parties the same collateral and any
consent of any other parties required for grant of the Security Interest in
favor of Lender within ten (10) days of the date of this Note.

                  Upon any payment in full or conversion in full of the note
Lender agrees to release the Security Interest.

         6. GOVERNING LAW. This Note shall be governed by and interpreted in
accordance with the laws of the State of Washington, except as they may be
preempted by federal law. In any action brought or arising out of this Note,
Borrower and Lender hereby consent to the jurisdiction of any federal or state
court having proper venue within the State of Washington and also consent to the
service of process by any means authorized by the Washington law or federal law.

         7. SUCCESSORS. This Note shall be binding upon Borrower and the
permitted successors and assigns of Borrower. Nothing in this Note, express or
implied, is intended to confer upon any party other than the parties hereto or
their respective successors and assigns any rights, remedies, obligations or
liabilities under or by reason of this Note, except as expressly provided in
this Note.

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         8. SEVERABILITY. If any part of this Note is determined to be illegal
or unenforceable, all other parts shall remain in full force and effect.

         9. CONVERSION OF NOTE INTO SHARES OF NEXT EQUITY FINANCING. The entire
principal balance of this Note and all accrued but unpaid interest thereon or
portions thereof (such amount, the "Total Amount") shall be automatically
converted into the common stock and warrants of Borrower upon the closing of the
transaction contemplated pursuant to the terms in the Term Sheet attached hereto
as Exhibit A (the "Equity Financing"), subject to the completion and execution
by Borrower and Lender of definitive agreements incorporating the terms set
forth in Exhibit A and other customary terms and conditions which are
satisfactory to the Lender in the Lender's sole discretion. The Lender and the
Borrower expect that the first Equity Financing will close on or before December
22, 2000.

         10. WARRANT. As additional consideration for this Note, Borrower agrees
that if the Equity Financing does not, or will not close on or before February
14, 2001, for any reason whatsoever (and whether or not this note is prepaid or
Lender exercised its option to convert under Section 11 below), Borrower shall
immediately issue to Lender a warrant in the form set forth in Exhibit B
attached hereto.

         11. OPTION TO CONVERT. Until the principal, accrued interest and any
late fees or penalties hereunder have been paid in full by the Borrower, Lender
shall have the continuing option from time to time to convert the principal
balance of this Note and all accrued but unpaid interest thereon or portions
thereof into the common stock of Borrower at a price of $0.85 per share. Lender
may exercise this right by providing written notice to Borrower at any time.
Upon receipt of such notice, such portion of the principal balance and/or
accrued interest of this Note as Lender may elect in its written notice to
Borrower shall automatically convert to the common stock of Borrower at a price
of $0.85 per share upon receipt of such notice by Borrower. Upon receipt of any
such notice by Borrower from time to time, Borrower shall promptly deliver to
Lender a certificate evidencing Lender's ownership of the number of shares of
common stock with respect to which Lender has exercised its option.

         12. REGISTRATION BY THE COMPANY. If the Company proposes to register
any of its stock or other securities under the 1933 Act in connection with the
public offering of such securities, the Company shall, at such time, promptly
give the Lender notice of such registration. On the request of the Lender given
within thirty (30) days after such notice by the Company, the Company shall
cause to be registered, at its expense, under the Securities Act of 1933 all
shares of common stock issued to the Lender (1) upon any optional conversion
under Section 11 or (2) upon any exercise from time to time of the Warrant (
(collectively the "Stock"). In connection with any offering involving an
underwriting of shares of the Company's capital stock, the Company shall not be
required to include the Lender shares of Stock in such underwriting, unless the
Lender accepts the terms of the underwriting as agreed between the Company and

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the underwriters selected by it (or by other persons entitled to select the
underwriters) and enters into an underwriting agreement in customary form with
the underwriter or underwriters selected by the Company, and then only in such
quantity as the underwriters determine in their sole discretion will not
jeopardize the success of the offering by the Company, provided that the number
of shares of Stock requested by the Lender to be included in such offering shall
not be reduced unless all other securities, other than securities registered by
the Company, are first entirely excluded from such offering.

         13. MISCELLANEOUS.

                  (a) No delay or omission on the part of Lender in exercising
any right under this Note shall operate as a waiver of such right or of any
other right under this Note.

                  (b) Borrower hereby waives presentation for payment, demand,
notice of demand and of dishonor and non-payment of this Note, protest and
notice of protest, diligence in collecting, and the bringing of suit against any
other party. The pleading of any statute of limitations as a defense to any
demand against the Borrower, any endorsers, guarantors and sureties of this Note
is expressly waived by each and all of such parties to the extent permitted by
law. Time is of the essence under this Note.

                  (c) Any payment hereunder shall first be applied to any
collections costs, then against accrued and unpaid interest hereunder and then
against the outstanding principal balance of this Note.

                  (d) Borrower hereby represents and warrants to Lender that its
articles of incorporation authorize the issuance of a sufficient number of
shares of common stock of the Borrower to meet any obligations under this Note.

                  (e) This note shall be governed by the laws of the State of
Washington.

         ORAL AGREEMENTS OR ORAL COMMITMENTS TO LOAN MONEY, EXTEND CREDIT, OR TO
         FORBEAR FROM ENFORCING REPAYMENT OF A DEBT ARE NOT ENFORCEABLE UNDER
         WASHINGTON LAW.

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                  IN WITNESS WHEREOF, the Borrower has caused this Note to be
signed in its corporate name by its duly authorized officer and dated the day
and year first above written.

                                             SVI Holdings, Inc.

                                             By: /s/ Barry M. Schechter
                                                 -------------------------------

                                             Its: President and Chief Executive
                                                  Officer
                                                  ------------------------------

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