Document:

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                                                                   EXHIBIT 10.19

                ELEVENTH AMENDMENT TO LOAN AND SECURITY AGREEMENT

         THIS ELEVENTH AMENDMENT TO LOAN AND SECURITY AGREEMENT (this
"Amendment") is entered into as of the 12 day of September, 2005 by and among
the banks that are or may from time to time become parties hereto (individually
a "Bank" and collectively, the "Banks"), LASALLE BANK NATIONAL ASSOCIATION, a
national banking association (in its individual capacity, "LaSalle"), as agent
("Agent") for the Banks, and each of SIGMATRON INTERNATIONAL, INC., a Delaware
corporation ("Sigmatron"), and ABLE ELECTRONICS CORPORATION, a California
corporation ("Able Electronics", and collectively with Sigmatron, the
"Borrowers"), jointly and severally.

                              W I T N E S S E T H:
                              - - - - - - - - - -

         WHEREAS, Agent, the Banks and Sigmatron are parties to that certain
Loan and Security Agreement dated as of August 25, 1999 (the "Original
Agreement"), as amended by that certain Amendment to Loan and Security Agreement
dated as of August 31, 2000, that certain Forbearance Agreement and Second
Amendment to Loan and Security Agreement dated as of February 1, 2001, that
certain Forbearance Agreement and Third Amendment to Loan and Security Agreement
dated as of May 31, 2001, that certain Forbearance Agreement and Fourth
Amendment to Loan and Security Agreement dated as of July 31, 2001, that certain
Fifth Amendment to Loan and Security Agreement dated as of November 30, 2001,
that certain Sixth Amendment to Loan and Security Agreement dated as of April
22, 2002, that certain Seventh Amendment to Loan and Security Agreement dated as
of October 16, 2002, that certain Eighth Amendment to Loan and Security
Agreement dated as of February 19, 2004, that certain Ninth Amendment to Loan
and Security Agreement dated as of March 11, 2005 and that certain Tenth
Amendment to Loan and Security Agreement dated as of July 14, 2005 (the Original
Agreement and all of the foregoing amendments are collectively referred to as
the "Agreement"); and

         WHEREAS, the Borrowers and the Banks have agreed to further amend the
Agreement to, among other items, (i) increase the principal amount of the
Revolving Credit Commitment (as defined in the Agreement) and (ii) modify
certain other provisions of the Agreement.

         NOW, THEREFORE, for and in consideration of the premises and mutual
agreements herein contained and for the purposes of setting forth the terms and
conditions of this Amendment, the parties, intending to be bound, hereby agree
as follows:

         1. Incorporation of the Agreement. All capitalized terms which are not
defined hereunder shall have the same meanings as set forth in the Agreement,
and the Agreement, to the extent not inconsistent with this Amendment, is
incorporated herein by this reference as though the same were set forth in its
entirety. To the extent any terms and provisions of the Agreement are
inconsistent with the amendments set forth in Paragraph 2 below, such terms and
provisions shall be deemed superseded hereby. Except as specifically set forth
herein, the Agreement shall remain in full force and effect and its provisions
shall be binding on the parties hereto.

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         2. Amendment of the Agreement.

            (a) The definition of the terms "Revolving Loan Borrowing Base" and
"Revolving Note" appearing in Paragraph 1.1 of the Agreement are hereby amended
and restated to read as follows:

            "Revolving Loan Borrowing Base" means, as at any date of
         determination thereof, an amount equal to the lesser of (i) the amount
         then available under the Revolving Credit Commitment and (ii) an amount
         equal to the sum of (A) eighty-five percent (85%) of the net amount of
         Eligible Accounts Receivable outstanding at such date and (B) fifty
         percent (50%) (the "Inventory Advance Rate") of Eligible Inventory at
         such date; provided, however, that the aggregate amount of advances for
         Eligible Inventory under the Revolving Credit Commitment shall not
         exceed $11,000,000 at any time.

            "Revolving Note" means that certain Substitute Revolving Note dated
         as of September __, 2005 payable jointly and severally by Borrowers to
         LaSalle Bank National Association in the maximum principal amount of
         $22,000,000, as may be amended, modified, substituted or restated from
         time to time, together with all renewals and exchanges therefore.

            (b) Paragraph 2.1 of the Agreement is hereby amended by deleting the
words "Seventeen Million Dollars ($17,000,000)" appearing in the fifth and sixth
lines of such paragraph and replacing them with the words "Twenty-Two Million
Dollars ($22,000,000)" in their place and stead.

            (c) Section 5.10 is hereby amended by removing the words
"one-quarter of one percent (1/4%)" appearing in such section and replacing them
with the words "one-fifth of one percent (1/5%)" in their place.

            (d) Exhibit E is hereby amended and restated with Exhibit E attached
hereto.

         3. Representations and Warranties. The representations and warranties
set forth in the Agreement and all covenants set forth in the Agreement shall be
deemed remade and affirmed as of the date hereof by each Borrower, except any
and all references to the Agreement in such representations, warranties and
covenants shall be deemed to include this Amendment. Each Borrower hereby
expressly reaffirms, reinstates and assumes (on the same basis as set forth in
the Agreement) all of the obligations and liabilities to the Agent as set forth
in the Agreement and this Amendment, and agrees to be bound by and abide by and
operate and perform under and pursuant to and comply fully with all of the
terms, conditions, provisions, agreements, representations, undertakings,
warranties, guarantees, indemnities, grants of security interest and covenants
contained in the Agreement. Each Borrower also acknowledges and reaffirms that
the Agreement, as amended by this Amendment, is in full force and effect and
that no defenses exist as of the date of this Amendment to each Borrower's full
compliance with the Agreement, as amended by this Amendment. Each Borrower
hereby acknowledges that the security interests granted in the Agreement
constitute a valid continuing first Lien in and to the Collateral. No Event of
Default has occurred and is continuing and no event has occurred and is
continuing

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which, with the lapse of time, the giving of notice, or both, would constitute
such an Event of Default under the Agreement.

         4. Delivery of Documents/Information. Prior to entering into this
Amendment, Agent shall have received from the Borrowers the following fully
executed documents, in form and substance satisfactory to Agent and each Bank,
and all of the transactions contemplated by each such document shall have been
consummated or each condition contemplated by each such document shall have been
satisfied:

            (a) this Amendment;

            (b) Substitute Revolving Note of LaSalle Bank;

            (c) Opinion of Borrowers' Counsel;

            (d) Secretary's Certificate of each Borrower with resolutions and
incumbency;

            (e) Officer's Certificate (Closing Bring-Down) of each Borrower; and

            (f) such other documents, certificates and opinions as Agent may
request.

         5. Reference to the Effect on the Agreement.

            (a) References. Upon the date of this Amendment and on and after the
date hereof, each reference in the Agreement to "this Agreement," "hereunder,"
"hereof," "herein" or words of like import shall mean and be a reference to the
Agreement, as amended hereby.

            (b) Ratification. As specifically modified above, the Agreement and
all other documents, instruments and agreements executed and/or delivered in
connection therewith shall remain in full force and effect, and are hereby
ratified and confirmed.

         6. Representations and Warranties of the Borrowers. Each Borrower
hereby represents and warrants to Agent and the Banks as of the date hereof as
follows:

            (a) The execution and delivery of this Amendment and the performance
by each Borrower of its obligations hereunder are within each Borrower's powers
and authority, have been duly authorized by all necessary corporate action and
do not and will not contravene or conflict with the Certificate/Articles of
Incorporation or By-laws of any Borrower.

            (b) The Agreement (as amended by this Amendment) and the Other
Agreements constitute legal, valid and binding obligations enforceable in
accordance with their terms by Agent and the Banks against Borrowers, and
Borrowers expressly reaffirm each of their obligations under the Agreement (as
amended by this Amendment) and each of the Other Agreements, including, without
limitation, each Borrower's Liabilities. Borrowers further expressly acknowledge
and agree that Agent has a valid, duly perfected, first priority and fully
enforceable security interest in and lien against each item of Collateral except
as otherwise set forth in the Agreement. Each Borrower agrees that it shall not
dispute the validity or enforceability of the Agreement (as it was stated before
and after this Amendment) or any of the

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Other Agreements or any of its respective obligations thereunder, or the
validity, priority, enforceability or extent of Agent's security interest in or
lien against any item of Collateral, in any judicial, administrative or other
proceeding;

            (c) No consent, order, qualification, validation, license, approval
or authorization of, or filing, recording, registration or declaration with, or
other action in respect of, any governmental body, authority, bureau or agency
or other Person is required in connection with the execution, delivery or
performance of, or the legality, validity, binding effect or enforceability of,
this Amendment; and

            (d) The execution, delivery and performance of this Amendment by
Borrowers does not and will not violate any law, governmental regulation,
judgment, order or decree applicable to any Borrower and does not and will not
violate the provisions of, or constitute a default or any event of default
under, or result in the creation of any security interest or lien upon any
property of any Borrower pursuant to, any indenture, mortgage, instrument,
contract, agreement or other undertaking to which any Borrower is a party or is
subject or by which each Borrower or any of its real or personal property may be
bound.

         7. Releases; Indemnities.

            (a) In further consideration of the Banks' execution of this
Amendment, each Borrower, and on behalf of its successors, assigns, subsidiaries
and Affiliates, hereby forever release Agent and each Bank and their respective
successors, assigns, parents, subsidiaries, Affiliates, officers, employees
directors, agents and attorneys (collectively, the "Releasees") from any and all
debts, claims, demands, liabilities, responsibilities, disputes, causes,
damages, actions and causes of action (whether at law or in equity) and
obligations of every nature whatsoever, whether liquidated or unliquidated,
known or unknown, matured or unmatured, fixed or contingent (collectively,
"Claims"), that any Borrower may have against the Releasees which arise from or
relate to any actions which the Releasees may have taken or omitted to take
prior to the date this Amendment was executed, including without limitation with
respect to each Borrower's Liabilities, any Collateral, the Agreement, any Other
Agreement and any third parties liable in whole or in part for each Borrower's
Liabilities. This provision shall survive and continue in full force and effect
whether or not Borrowers shall satisfy all other provisions of this Amendment,
the Other Agreements or the Agreement, including payment in full of each
Borrower's Liabilities.

            (b) Each Borrower hereby agrees that its obligation to indemnify and
hold the Releasees harmless as set forth in Paragraph 10(a) of this Amendment
shall include an obligation to indemnify and hold the Releasees harmless with
respect to any and all liabilities, obligations, losses, penalties, actions,
judgments, suits, costs, expenses or disbursements of any kind or nature
whatsoever incurred by the Releasees, or any of them, whether direct, indirect
or consequential, as a result of or arising from or relating to any proceeding
by, or on behalf of, any Person, including, without limitation, officers,
directors, agents, trustees, creditors, partners or shareholders of any
Borrower, whether threatened or initiated, asserting any claim for legal or
equitable remedy under any statute, regulation or common law principle arising
from or in connection with the negotiation, preparation, execution, delivery,
performance, administration and enforcement of this Amendment or any other
document executed in connection herewith.

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The foregoing indemnity shall survive the payment in full of the each Borrower's
Liabilities and the termination of this Amendment, the Agreement and the Other
Agreements.

         8. Fees and Expenses. Each Borrower agrees to pay on demand all costs,
fees and expenses of or incurred by the Agent in connection with the evaluation,
negotiation, preparation, execution and delivery of this Amendment and the other
instruments and documents executed and delivered in connection with the
transactions described herein (including the filing or recording thereof),
including, but not limited to, the reasonable fees and expenses of counsel for
the Agent, search fees and taxes payable in connection with this Amendment and
any future amendments to the Agreement.

         9. Counterparts. This Amendment may be executed in two or more
counterparts, each of which shall be deemed an original, and all of which
together shall constitute one and the same instrument.

                            [SIGNATURE PAGE FOLLOWS]

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       (ELEVENTH AMENDMENT TO LOAN AND SECURITY AGREEMENT SIGNATURE PAGE)

         IN WITNESS WHEREOF, the parties hereto have duly executed this Eleventh
Amendment to Loan and Security Agreement as of the date first above written.

                                        SIGMATRON INTERNATIONAL, INC.

                                        By:    Linda K. Blake
                                            ------------------------------------
                                        Its:   CFO
                                            ------------------------------------

                                        ABLE ELECTRONICS CORPORATION

                                        By:    Gary R. Fairhead
                                            ------------------------------------
                                        Its:   President & CEO
                                            ------------------------------------

                                        LASALLE BANK NATIONAL ASSOCIATION,
                                        for itself and as Agent

                                        By:    Sara H. DeKuiper
                                            ------------------------------------
                                        Its:   Vice President
                                            ------------------------------------

                                       6<PAGE>
                                                                   EXHIBIT 10.95

                                AMENDMENT NO. 22
                                     TO THE
                     POSTSCRIPT SOFTWARE DEVELOPMENT LICENSE
                            AND SUBLICENSE AGREEMENT
                                     BETWEEN
                           ADOBE SYSTEMS INCORPORATED
                                       AND
                          PEERLESS SYSTEMS CORPORATION

                        EFFECTIVE AS OF OCTOBER 14, 2005

        This Amendment No. 22 (the "Amendment") to the PostScript Software
Development License and Sublicense Agreement dated July 23, 1999, as previously
amended (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 No. 22 is to amend the process of
certifying that the Revised Object meets the Minimum Quality Standards.

1.      Paragraph 1.20 ("Licensed System") of Section 1 ("Definitions") of the
Agreement is revised to read in its entirety as follows:

        "1.20 LICENSED SYSTEM means an OEM Customer product (hereinafter known
        as an "OEM Customer Licensed System") or a Peerless product (hereinafter
        known as a "Peerless-Branded Licensed System") that includes Revised
        Object and Font Programs, and may include (unless such components are
        identified as mandatory, in which case it shall include) Other Adobe
        Software, Host Software, one or more Designated Output Devices and other
        hardware and software identified in a Peerless/OEM Customer Licensed
        System Appendix or Adobe/Peerless Licensed System Appendix (as
        applicable). The Peerless/OEM Customer Licensed System Appendix or
        Adobe/Peerless Licensed System Appendix (as applicable) shall be
        executed prior to Peerless' certification of test results for such
        Licensed System pursuant to Paragraph 2 ("Testing") of EXHIBIT F
        ("Licensed System Test Procedures") of the Agreement. Any reference in
        the Agreement to "Licensed System", unless expressly stated otherwise or
        where limited by the context in which the term is used, shall mean the
        OEM Customer Licensed System and/or the Peerless-Branded Licensed
        System."

2.      Paragraph 5.2 ("Testing and Certification of Revised Object and Proposed
Designated Output Device") of the Agreement is revised to read in its entirety
as follows:

        "5.2 TESTING AND CERTIFICATION OF REVISED OBJECT. Peerless shall test
        each Peerless SDK and each Peerless-Branded Licensed System containing
        Revised Object, or in the case of an OEM Customer Licensed System, shall
        test, assist in the testing of, or require its OEM Customer or Third
        Party Developer to test each Revised Object (including any
        previously-certified Revised Object subsequently modified by Peerless,
        its OEM

<PAGE>

        Customer or Third Party Developer) in accordance with EXHIBIT F
        ("Licensed System Test Procedures") and Peerless shall not distribute
        any Peerless SDK or begin First Commercial Shipment of a
        Peerless-Branded Licensed System or allow an OEM Customer to begin First
        Commercial Shipment of an OEM Customer Licensed System containing the
        Revised Object and any modified version thereof until the testing has
        been completed and such Peerless SDK or Licensed System has been
        certified by Peerless pursuant to EXHIBIT F and Peerless has provided
        Adobe with a declaration signed by Peerless' Quality Assurance Manager
        certifying that the required testing has been performed and the Licensed
        System containing the Revised Object meets the Minimum Quality Standards
        (as defined in EXHIBIT F). Adobe shall have the right to evaluate, and
        to require Peerless to evaluate the quality assurance processes, testing
        results, Revised Object, and Licensed Systems to determine if Peerless,
        its OEM Customer or Third Party Developer, as applicable, is carrying
        out the requirements set forth herein, and if Adobe determines that such
        quality is inadequate, Peerless shall promptly take corrective action as
        directed by Adobe, and in the case of an OEM Customer or Third Party
        Developer Peerless shall require the applicable OEM Customer or Third
        Party Developer to take prompt corrective action, to remedy all quality
        issues and/or modify its quality assurance processes to satisfy the
        requirements in EXHIBIT F."

3.      Paragraph 8.8 ("Testing Fees") of the Agreement is deleted and replaced
only with the following placeholder:

        "8.8   [INTENTIONALLY DELETED]"

4.      EXHIBIT F ("Licensed System Test Procedures") is deleted and replaced
with a new EXHIBIT F ("Licensed System Test Procedures") to read as attached
hereto.

5.      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. 22 to the PostScript Software Development License and Sublicense
Agreement by its duly authorized officers.

Adobe:                                      Peerless:

ADOBE SYSTEMS INCORPORATED                  PEERLESS SYSTEMS CORPORATION

By:  /s/ JEFF RUSSAKOW                      By:  /s/ WILLIAM R NEIL
   -------------------                         --------------------

Print Name:  Jeff Russakow                  Print Name:  William R. Neil

Title:  Vice President, WW Sales
        Operations & Customer Support       Title:  Vice President - CFO

Date:  10-18-05                             Date:  October 14, 2005

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                                    EXHIBIT F

                         LICENSED SYSTEM TEST PROCEDURES

        Peerless shall test, or in the case of an OEM Customer Licensed System,
shall require its OEM Customer or Third Party Developer to test (and Peerless
shall monitor and verify such OEM Customer or Third Party Developer testing),
any Revised Object (including any previously-certified Revised Object
subsequently modified by Peerless, its OEM Customer or Third Party Developer),
outputting in hardcopy print or raster data form, for conformity with the Adobe
Certification Test Suite in accordance with the following procedures. For
purposes of this EXHIBIT F, the term Revised Object shall also mean the CPSI
Software, as applicable. If required by an Appendix or test plan, the test
results obtained from conducting the testing described herein shall include
hardcopy output generated by the raster data files created by the Revised Object
outputting to the proposed Designated Output Device or to a mutually agreed upon
output device that serves as a representative example of a family of output
devices with similar characteristics.

        1. ADOPTING TEST PLAN. Adobe will provide Peerless with the Adobe
Certification Test Suite, including the test plan template and related
documentation, from which Peerless or its OEM Customer or Third Party Developer
derives a test plan. The test plan is defined as a set of rules enabling
Peerless or its OEM Customer or Third Party Developer to determine what portions
of the Adobe Certification Test Suite will be run and what output is to be
produced to enable Peerless or its OEM Customer or Third Party Developer to
conduct quality testing of the version of the Revised Object undergoing testing.
Peerless or its OEM Customer or Third Party Developer shall create a test plan
that specifies the test files to be selected from the Adobe Certification Test
Suite and to be run by Peerless or its OEM Customer or Third Party Developer to
produce output in hardcopy print or raster data forth that provides the basis
for determining whether the Revised Object and Licensed System being tested
meets the Minimum Quality Standards (as defined below) required for
certification.

        2. TESTING. Prior to submitting a product certification signed by
Peerless's Quality Assurance Manager to Adobe, Peerless shall test, or require
its OEM Customer or Third Party Developer to test, the Revised Object by running
the test files in accordance with the test plan and then fairly evaluating the
output from the test files to identify any nonconformity and the severity of
such nonconformity in accordance with the severity level criteria set forth
below. After successful completion of such testing, Peerless shall retain the
completed PostScript Product Certification Checklist, a copy of the applicable
test plan, and an electronic copy of the version of the Revised Object that
generated the results for a period of no less than three (3) years from the date
of Peerless's certification of such product, and retain the hardcopies of the
test results and log files for a period of no less than three (3) months front
the date of Peerless's certification of such product, and upon request by Adobe,
shall provide Adobe with a copy of all of the foregoing materials. Peerless
shall *** supply Adobe with a declaration signed by an authorized representative
of Peerless certifying that it has run or has verified that its OEM Customer or
Third Party Developer has run the Adobe Certification Test Suite in accordance
with the test plan created by Peerless or its OEM Customer or Third Party
Developer for the Revised Object and Licensed System being tested, that the test
results are accurate and complete, and that Peerless has carefully and correctly
analyzed, or has verified that its OEM Customer or

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.

<PAGE>

Third Party Developer has carefully and correctly analyzed, the results of such
testing and has determined that the Licensed System meets the Minimum Quality
Standards.

3. MINIMUM QUALITY STANDARDS. Any Licensed System containing the Revised Object
that has undergone testing in accordance with the requirements set forth in this
Exhibit F is certifiable provided that the following certification criteria are
satisfied. All nonconformities disclosed by the test are evaluated for their
"Severity" level (as that term is defined below). ***.

SEVERITY LEVEL:

***

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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.

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