Document:

SECURITIES SUBSCRIPTION AGREEMENT
                        ---------------------------------

         THIS SECURITIES SUBSCRIPTION AGREEMENT, dated as of September 16, 1999
("AGREEMENT"), is executed in reliance upon the exemption from registration
afforded by Rule 504 promulgated under Regulation D by the Securities and
Exchange Commission (`SEC"), under the Securities Act of 1933, as amended.
Capitalized terms used herein and not defined shall have the meanings given to
them in Rule 504 and Regulation D.

         This Agreement has been executed by the undersigned buyer ("BUYER") in
connection with the private placement of 8% Series A Senior Subordinated
Convertible Debentures of Pacific Sands, Inc. a corporation organized under the
laws of Nevada, with its principal executive offices located at 601 W. Shaw,
Suite D, Clovis California 93612 ("SELLER"). Buyer hereby represents and
warrants to, and agrees with Seller:

         THE SECURITIES OFFERED HEREBY HAVE NOT BEEN AND WILL NOT BE REGISTERED
         WITH THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION OR THE
         SECURITIES COMMISSION OF ANY STATE PURSUANT TO AN EXEMPTION FROM
         REGISTRATION PROVIDED BY SECTION 3(b) OF THE SECURITIES ACT OF 1933, AS
         AMENDED, AND THE RULES AND REGULATIONS PROMULGATED THEREUNDER (THE
         "1933 ACT"), AND RULE 504 OF REGULATION D PROMULGATED THEREUNDER.

         1. AGREEMENT TO SUBSCRIBE; PURCHASE PRICE.

         (a) SUBSCRIPTION. The undersigned buyer hereby subscribes for and
agrees to purchase the Seller's 8% Series A Senior Subordinated Convertible
Redeemable Debenture substantially in the form of the Debenture attached as
exhibit A hereto and having an aggregate original principal face amount of three
hundred thousand United States Dollars (U.S.$300,000) (singly, a "DEBENTURE,"
and collectively, the "DEBENTURES"), at an aggregate purchase price of 100% of
the face amount of such Debentures as set forth in subsection (b) herein.

         (b) PAYMENT. The Purchase Price for the Debenture shall be three
hundred thousand United States Dollars (U.S. $300,000) ("PURCHASE PRICE"), which
shall be payable at closing, pursuant to paragraph c herein, in accordance with
the terms and conditions of an Escrow Agreement which shall be executed
simultaneously with this Agreement ("ESCROW AGREEMENT").

         (c) CLOSING. Subject to the satisfaction of the conditions set forth in
Sections 7 and 8 hereof, the Closing of the transactions contemplated by this
Agreement shall take place when (i) Seller delivers the Debentures to the Escrow
Agent, as defined in an Escrow Agreement among

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Buyer, Seller and the Escrow Agent of even date, (ii) Seller delivers the signed
Escrow Agreement and accompanying documents, and (iii) Buyer pays $100,000
towards the Purchase Price for the Debentures ("CLOSING DATE").

         2. Buyer Representations and Covenants;
            Access to Information
            ---------------------

         In connection with the purchase and sale of the Debentures, Buyer
represents and warrants to, and covenants and agrees with Seller as follows:

         (a) Buyer is not, and on the closing date will not be, an affiliate of
Seller;

         (b) Buyer is a Colorado limited liability company, in good standing,
and is an "accredited investor" as defined in Rule 501 of Regulation D
promulgated under the 1933 Act, and is purchasing the Debentures for its own
account and Buyer is qualified to purchase the Shares under the laws of the
State of Colorado;

         (c) All offers and sales of any of the Debentures by Buyer shall be
made in compliance with any applicable securities laws of any applicable
jurisdiction and in accordance with Rule 504, as applicable, of Regulation D or
pursuant to registration of securities under the 1933 Act or pursuant to an
exemption from registration;

         (d) Buyer understands that the Debentures are not registered under the
1933 Act and are being offered and sold to it in reliance on specific exemptions
from the registration requirements of Federal and State securities laws, and
that Seller is relying upon the truth and accuracy of the representations,
warranties, agreements, acknowledgments and understandings of Buyer set forth
herein in order to determine the applicability of such exemptions and the
suitability of Buyer and any purchaser from Buyer to acquire the Debentures;

         (e) Buyer shall comply with Rule 504 promulgated under Regulation D;

         (f) Buyer has the full right, power and authority to enter into this
Agreement and to consummate the transaction contemplated herein. This Agreement
has been duly authorized, validly executed and delivered on behalf of Buyer and
is a valid and binding agreement in accordance with its terms, subject to
general principles of equity and to bankruptcy or other laws affecting the
enforcement of creditors' rights generally;

         (g) The execution and delivery of this Agreement and the consummation
of the purchase of the Debentures and the transactions contemplated by this
Agreement do not and will not conflict with or result in a breach by Buyer of
any of the terms or provisions of, or constitute a default under, the articles
of incorporation or by-laws (or similar constitutive documents) of Buyer or any
indenture, mortgage, deed of trust, or other material agreement or instrument to
which Buyer

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is a party or by which it or any of its properties or assets are bound, or any
existing applicable law, rule or regulation of the United States or any State
thereof or any applicable decree, judgment or order of any Federal or State
court, Federal or State regulatory body, administrative agency or other United
States governmental body having jurisdiction over buyer or any of its properties
or assets;

         (h) All invitations, offers and sales of or in respect of, any of the
Debentures, by Buyer and any distribution by Buyer of any documents relating to
any invitation, offer or sale by it of any of the Debentures will be in
compliance with applicable laws and regulations, will be made in such a manner
that no prospectus need be filed and no other filing need be made by Seller with
any regulatory authority or stock exchange in any country or any political
sub-division of any country, and Buyer will make no misrepresentations nor
omissions of material fact in the invitation, offer or resale of the Debentures;

         (i) The Buyer (or others for whom it is contracting hereunder) has been
advised to consult its own legal and tax advisors with respect to applicable
resale restrictions and applicable tax considerations and it (or others for whom
it is contracting hereunder) is solely responsible (and the Seller is not in any
way responsible) for compliance with applicable resale restrictions and
applicable tax legislation;

         (j) Buyer understands that no Federal or State or foreign government
agency has passed on or made any recommendation or endorsement of the
Debentures;

         (k) Buyer has had an opportunity to receive and review all material
information and financial data and to discuss with the officers of Seller, all
matters relating to the Debentures, financial condition, operations and
prospects of Seller and any questions raised by Buyer have been answered to
Buyer's satisfaction.

         (l) Buyer acknowledges that the purchase of the Debentures involve a
high degree of risk. Buyer has such knowledge and experience in financial and
business matters that it is capable of evaluating the merits and risks of
purchasing the Debentures. Buyer understands that the Debentures are not being
registered under the 1933 Act, or under any state securities laws, and
therefore, Buyer must bear the economic risk of this investment for an
indefinite period of time;

         (m) Buyer is not a "10-percent Shareholder" (as defined in Section
871(h)(3)(B) of the U.S. Internal Revenue Code) of Seller; and

         (n) Buyer acknowledges and agrees that the transactions contemplated by
this Agreement have taken place solely and exclusively within the State of
Colorado.

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<PAGE>

         3. SELLER REPRESENTATIONS AND COVENANTS.

         (a) Seller is a corporation duly organized and validly existing under
the laws of the State of Nevada, and is in good standing under such laws. The
Seller has all requisite corporate power and authority to own, lease and operate
its properties and assets, and to carry on its business as presently conducted.
The Seller is qualified to do business as a foreign corporation in each
jurisdiction in which the ownership of its property or the nature of its
business requires such qualification, except where failure to so quality would
not have a material adverse effect on the Seller.

         (b) There are 20,000,000 shares of Seller's common stock, no par value
per share ("COMMON STOCK"), authorized and approximately 8,000,000 as of August
31, 1999 outstanding. The Common Stock is quoted on National Association of
Securities Dealers OTC Electronic Bulletin Board under the symbol "PFSD". All
issued and outstanding shares of Common Stock have been authorized and validly
issued and are fully paid and non-assessable.

         (c) The execution and delivery of this Agreement do not, and the
consummation of the transactions contemplated hereby will not, conflict with, or
result in any violation of, or default (with or without notice or lapse of time,
or both), or give rise to a right of termination, cancellation or acceleration
of any obligation or to a loss of a material benefit, under, any provision of
the Articles of incorporation, and any amendments thereto, By-Laws, Stockholders
Agreements and any amendments thereto of the Seller or any material mortgage,
indenture, lease or other agreement or instrument, permit, concession,
franchise, license, judgment, order, decree, statute, law ordinance, rule or
regulation applicable to the Seller, its properties or assets. There is no
action, suit or proceeding pending, or to the knowledge of the Seller,
threatened against the Seller, before any court or arbitrator or any government
body, agency or official, which would have a material adverse affect on Seller's
operations or financial condition.

         (d) The Seller is not subject to the reporting requirements of Sections
13 or 15(d) of the Securities and Exchange Act, is not an investment company or
a developmental stage company that either has no specific business plan or
purpose. The Shares when issued, will be issued in compliance with all
applicable U.S. federal and state securities laws. The Seller understands and
acknowledges that, in certain, circumstances, the issuance of the Shares could
dilute the ownership interests of other stockholders of the Seller. The
execution and delivery by the Seller of this Agreement and the issuance of the
Debentures will not contravene or constitute a default under any provision of
applicable law or regulation. The Seller is in compliance with and conforms to
all statutes, laws, ordinances, rules, regulations, orders, restrictions and all
other legal requirements of any domestic or foreign government or any
instrumentality thereof having jurisdiction over the conduct of its businesses
or the ownership of its properties.

         (e) There is no fact known to the Seller that has not been publicly
disclosed by the Seller or disclosed in writing to the Buyer which could
reasonably be expected to have a material

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adverse effect on the condition (financial or otherwise) or in the earnings,
business affairs, properties or assets of the Seller, or could reasonably be
expected to materially and adversely affect the ability of the Seller to perform
its obligations pursuant to this Agreement. The information furnished by the
Seller to Buyer for purposes of or in connection with this Agreement or any
transaction contemplated hereby, does not contain any untrue statement of
material fact or omit to state a material fact necessary in order to make the
statements contained therein, in light of the circumstances under which they are
made, not misleading.

         (f) No consent, approval or authorization of or designation,
declaration or filing with any governmental authority on the part of the Seller
is required in connection with the valid execution and delivery of this
Agreement, or the offer, sale or issuance of the Debentures or Common Stock, or
the consummation of any other transaction contemplated hereby, except the filing
with the SEC of Form D.

         (g) There is no action, proceeding or investigation pending, or to the
Seller's knowledge, threatened, against the Seller which might result either
individually or in the aggregate, in any material adverse change in the
business, prospects, conditions, affairs or operations of the Seller. The Seller
is not a party to or subject to the provisions of any order, writ, injunction,
judgment or decree of any court or government agency or instrumentality. There
is no action, suit proceeding or investigation by the Seller currently pending
or which the Seller intends to initiate. The SEC has not issued any order
suspending trading in the Seller's Common Stock and the Seller is not under
investigation by the SEC or the National Association of Securities Dealers, and
there are no proceedings pending or threatened before either regulatory body.

         (h) There are no other material outstanding debt or equity securities
presently convertible into Common Stock other than the Debentures.

         (i) The Seller has not sold any securities within the 12 month period
prior to this Agreement in reliance on any exemption under Section 3(b) of the
1933 Act, Regulation D or its rules or in violation of Section 5(a) of the 1933
Act except for offerings of securities which do not aggregate more than
$300,000.

         (j) The issuance, sale and delivery of the Debentures have been duly
authorized by all required corporate action on the part of the Seller, and when
issued, sold and delivered in accordance with the terms hereof and thereof for
the consideration expressed herein and therein, will be duly and validly issued,
fully paid and non-assessable. The Common Stock issuable upon conversion of the
Debenture has been duly and validly reserved for issuance and upon issuance in
accordance with the terms of the Debentures, shall be duly and validly issued,
fully paid, and non-assessable. There are no pre-emptive rights of any
shareholder of Seller.

         (k) This Agreement has been duly authorized, validly executed and
delivered on behalf of Seller and is a valid and binding agreement in accordance
with its terms, subject to general

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principles of equity and to bankruptcy or other laws affecting the enforcement
of creditors' rights generally. The Seller has all requisite right, power and
authority to execute and deliver this Agreement and to consummate the
transactions contemplated hereby. All corporate action on the part of the
Seller, its directors and shareholders necessary for the authorization,
execution, delivery and performance of this Agreement and the Debentures has
been taken. Upon their issuance to the Buyer and delivery to the Escrow Agent,
as defined in and pursuant to the Escrow Agreement, the Debentures will be
validly issued and nonassessable, and will be free of any liens or
encumbrances.

         (l) Setter acknowledges and agrees that the transactions contemplated
by this the Agreement have taken place solely and exclusively within the State
of Colorado.

         4. EXEMPTION; RELIANCE ON REPRESENTATIONS. Buyer understands that the
offer and sale of the Securities are not being registered under the 1933 Act.
Seller and Buyer are relying on the rules governing offers and sales made
pursuant to Rule 504 promulgated under Regulation D. The offer and sale of the
Shares are made solely within the State and jurisdiction of Colorado in reliance
upon an exemption under Colorado law.

         5. TRANSFER AGENT INSTRUCTIONS.

         (a) DEBENTURES. Upon the conversion of the Debentures, the Buyer or
holder shall give a notice of conversion to the Seller and the Seller shall
instruct its transfer agent to issue one or more Certificates representing that
number of shares of Common Stock into which the Debenture or Debentures are
convertible in accordance with the provisions regarding conversion set forth in
Exhibit A. The Seller shall act as Debenture Registrar and shall maintain an
appropriate ledger containing the necessary information with respect to each
Debenture. There shall be no need for the Purchaser to surrender the original
Debentures to the Seller until the Debentures have been paid by the Seller or
converted into Common Stock, as the case may be.

         (b) COMMON STOCK TO BE ISSUED WITHOUT RESTRICTIVE LEGEND. Upon the
conversion of any Debenture, Seller shall instruct Seller's transfer agent to
issue Stock Certificates up to the total of the "Conversion Amount" (as defined
in the Debenture) and any "Interest Shares" (as defined in the Debenture)
without restrictive legend in the name of the Buyer (or its nominee) and in such
denominations to be specified at conversion representing the number of shares of
Common Stock issuable upon such conversion, as applicable. The Common Stock
shall be immediately freely transferable on the books and records of Seller.
Seller shall also instruct its attorney to issue and render any legal opinion
which is required at any time by Seller's transfer agent to permit Seller's
transfer agent to issue any and all Stock Certificates without a restrictive
legend as required by this Agreement.

         6. REGISTRATION. If upon conversion of the Debentures effected by the
Buyer pursuant to the terms of this Agreement or payment of interest pursuant to
the Debenture the Seller fails to issue certificates for shares of Common Stock
issuable upon such conversion ("UNDERLYING

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SHARES") or the Interest Shares to the Buyer bearing no restrictive legend for
any reason, then the Seller shall be requited, at the request of the Buyer and
at the Seller's expense, to effect the registration of the Underlying Shares
and/or Interest Shares issuable upon conversion of the Debentures and payment of
interest under the Act and relevant Blue Sky laws as promptly as is practicable.
The Seller and the Buyer shall cooperate in good faith in connection with the
furnishings of information required for such registration and the taking of such
other actions as may be legally or commercially necessary in order to effect
such registration. The Seller shall file such a registration statement within 30
days of Buyer's demand and shall use its good faith diligent efforts to cause
such registration statement to become effective as soon as practicable
thereafter. Such good faith diligent efforts shall include, but not be limited
to, promptly responding to all comments received from the staff of the SEC,
providing Buyer's counsel with a contemporaneous copy of all written
communications from and to the staff of the SEC with respect to such
registration statement and promptly preparing and filing amendments to such
registration statement which are responsive to the comments received from the
staff of the SEC. Once declared effective by the SEC, the Seller shall cause
such registration statement to remain effective until the earlier of (i) the
sale by the Buyer of all Underlying Shares registered or (ii) 120 days after the
effective date of such registration statement.

         7. DELIVERY INSTRUCTIONS. The Debentures being purchased hereunder, and
the Purchase Price, shall be delivered to the Escrow Agent pursuant to the
Escrow Agreement.

         8. CONDITIONS TO SELLER'S OBLIGATION TO SELL. Seller's obligation to
sell the Debentures is conditioned upon:

         (a) The receipt and acceptance by Seller of this Agreement as executed
by Buyer.

         (b) All of the representations and warranties of the Buyer contained in
this Agreement shall be true and correct on the Closing Date with the same force
and effect as if made on and as of the Closing Date. The Buyer shall have
performed or complied with all agreements and satisfied all conditions on its
part to be performed, complied with or satisfied at or prior to the Closing
Date.

         (c) No order asserting that the transactions contemplated by this
Agreement are subject to the registration requirements of the Act shall have
been issued, and no proceedings for that purpose shall have been commenced or
shall be pending or, to the knowledge of the Seller, be contemplated. No stop
order suspending the sale of the Debentures or Common Stock shall have been
issued, and no proceedings for that purpose shall have been commenced or shall
be pending or, to the knowledge of the Seller, be contemplated.

         9. CONDITIONS TO BUYER'S OBLIGATION TO PURCHASE. Buyers obligation to
purchase the Debentures is conditioned upon:

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<PAGE>

         (a) The confirmation of receipt and acceptance by Seller of this
Agreement as evidenced by execution of this Agreement of the duly authorized
officer of Seller.

         (b) Delivery of the Debentures and the Escrow Agreement to the Escrow
Agent.

         (c) The receipt of an opinion from counsel for the Seller that the laws
of the State of Colorado properly govern this transaction and that reliance on
the exemption from registration under Colorado law relied upon by the Seller is
proper in all respects.

         10. NO SHAREHOLDER APPROVAL AND NO DILUTION.

         (a) Seller hereby agrees that from the Closing Date until the issuance
of Common Stock upon the conversion of the Debentures, Seller will not take any
action which would require Seller to seek shareholder approval of such issuance
unless such shareholder approval is required by law or regulatory body
(including but not limited to the NASDAQ Stock Market, Inc.) as a result of the
issuance of the Debentures or Common Stock hereunder.

         (b) Provided the Debentures, or any Seller Debentures from a series
which predate the Debentures remain outstanding and unpaid, at if there is any
portion of any such Debentures which have not been converted into the Seller's
Common Stock, then the Seller shall not split nor reverse split the Common
Stock, nor consolidate the outstanding number of shares of Common Stock into a
small number of shares, nor otherwise take any action, directly or indirectly,
which would have a material adverse effect on the value of the Debentures or the
trading price of the Common Stock.

         11. MISCELLANEOUS.

         (a) This Agreement together with the Debentures and Escrow Agreement,
constitutes the entire agreement between the parties, and neither party shall be
liable or bound to the other in any manner by any warranties, representations or
covenants except as specifically set forth herein. Any previous agreement among
the parties related to the transactions described herein is superseded hereby.
The terms and conditions of this Agreement shall inure to the benefit of and be
binding upon the restrictive successors and assigns of the parties hereto.
Nothing in this Agreement, express or implied, is intended to confer upon any
party, other than the parties hereto, and their respective successors and
assigns, any rights, remedies, obligations or liabilities under or by reason of
this Agreement, except as expressly provided herein.

         {b) Buyer is an independent contractor and is not the agent of Seller.
Buyer is not authorized to bind Seller or to make any representation or
warranties on behalf of Seller.

         (c) All representations and warranties contained in this Agreement by
Seller and Buyer shall survive the closing of the transactions contemplated by
this Agreement.

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         (d) This Agreement shall be construed in accordance with the laws of
Colorado applicable to contacts made and whol1y to be performed within the State
of Colorado and shall be binding upon the successors and assigns of each party
hereto. Buyer and Seller hereby mutually waive trial by jury and consent to
exclusive jurisdiction and venue in the courts of the State of Colorado. City of
Denver. This Agreement may be executed in counterparts, and the facsimile
transmission of an executed counterpart to this Agreement shall be effective as
an original.

         (e) Seller agrees to indemnify and hold Buyer harmless from any and all
claims, damages and liabilities arising from Seller's breach of its
representations and/or covenants set forth herein.

         (f) Buyer agrees to indemnify and hold Seller harmless from any and all
claims, damages and liabilities arising from Buyer's breach of its
representations and warranties set forth in this Agreement.

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         IN WITNESS WHEREOF, the undersigned has executed this Agreement as of
the date first set forth above.

                                     Official Signatory of Seller:
                                     -----------------------------

                                     PACIFIC SANDS, INC.

                                     By: /s/ Wade A. Hanson
                                        -----------------------------
                                         Wade A. Hanson

Accepted this 16th day of September, 1999   Title: Chief Executive Officer

                                     Official Signatory of Buyer:
                                     ----------------------------

                                     BVH HOLDINGS, L.L.C.

                                     By:
                                         ----------------------------

                                      -10-AGREEMENT AND AMENDMENT TO NOTE, PLEDGE AGREEMENT,
                      AND SETTLEMENT AND RELEASE AGREEMENT

         This Agreement and Amendment to Note, Pledge Agreement, and Settlement
and Release Agreement (this "Agreement") is executed effective November 1, 1999
between SVI HOLDINGS, INC., a Nevada corporation, having an address for notices
at 12707 High Bluff Drive, Suite 335, San Diego, CA 92130 ("SVI"), KIELDUFF
INVESTMENTS LIMITED, having an address for notices at The Martello Tower,
Portmarnock, Co Dublin, Ireland ("Kielduff"), JYRIS GROUP, having an address for
notices at Block A, Unit 3 Broomfield Business Park, Mallahide, County Dublin,
Ireland ("Jyris"), SOFTLINE LIMITED, a South African company, having an address
for notices at 16 Commerce Crescent, Eastgate Extension 13, Sandton 2144, South
Africa ("Softline"), SYSTEMS FOR BUSINESS INCORPORATED, a British Virgin Islands
corporation, having an address for notices at P.O. Box 141, La Tonnelle House,
Les Banques, St. Sampson, Guernsey, Channel Islands GY1 3HS ("Systems"), and
IBIS SYSTEMS LIMITED, a company incorporated under the laws of England, having
an address for notices at 2 Twyford Place, Lincolns Inn, Cressex, High Wycombe,
HP12 3RE ("Ibis"), who agree as follows:

         1. RECITALS. This Agreement is made with reference to the following
recital of essential facts:

                  1.1. SVI and Kielduff entered into a Share Sale Agreement re
Ibis Systems Limited effective December 31, 1998 (the "Share Sale Agreement").

                  1.2. Pursuant to the Share Sale Agreement, Kielduff executed a
Promissory Note dated December 31, 1998 in the amount of $18,108,000 in favor of
SVI (the "Original Note").

                  1.3. The Original Note was amended pursuant to an Amendment to
Note dated September 1, 1999 and an Amendment to Note dated October 1, 1999,
both between SVI and Kielduff. The Original Note as amended is referred to as
the "Note."

                  1.4. In order to secure Kielduff's payment obligations under
the Note, Kielduff executed a Stock Pledge Agreement dated as of April 29, 1999
(the "Pledge Agreement"), under which Kielduff pledged to SVI all of the issued
and outstanding shares in the capital stock of Ibis represented by two (2)
shares (the "Ibis Shares").

                  1.5. Kielduff desires to sell the Ibis Shares to Jyris in
exchange for 3,840,000 shares of common stock of Integrity Holdings, Ltd. (the
"Integrity Shares").

                  1.6. Jyris is a wholly-owned subsidiary of Integrity Holdings,
Ltd. ("Integrity").

                  1.7. Under the terms of the Pledge Agreement, Kielduff may not
sell or otherwise dispose of the Ibis Shares without the prior written consent
of SVI.

                  1.8. SVI, Ibis, Systems and Softline are parties to a
Settlement and Release Agreement, dated as of December 31, 1998 (the "Settlement
Agreement") pursuant to which SVI agreed to pay a portion of the proceeds of the
Note to Systems and SVI, Softline and Systems agreed to release certain claims.

<PAGE>

                  1.9. SVI is willing to consent to and/or ratify the sale of
the Ibis Shares to Jyris on the terms and conditions set forth in this
Agreement.

         2. CONSENT TO TRANSFER. Subject to the terms and conditions in this
Agreement, effective as of the Closing Date, SVI consents to and/or ratifies the
transfer of the Ibis Shares to Jyris.

         3. CLOSING. The parties shall close the transaction contemplated by
this Agreement (the "Closing") on December 6, 1999 or such other date and time
as the parties may agree in writing. The Closing shall take place at offices of
Solomon Ward Seidenwurm & Smith, LLP, 401 B Street, Suite 1200, San Diego, CA
912101. The "Closing Date" shall be the date on which the Closing actually
occurs. At the Closing:

                  3.1. DELIVERY OF IBIS SHARES. The Pledgeholder (as defined in
the Pledge Agreement) shall release the Ibis Shares to Jyris, together with the
Assignments (as defined in the Pledge Agreement).

                  3.2. DELIVERY OF INTEGRITY SHARES. Jyris shall deliver to the
Pledgeholder the Integrity Shares, issued in the name of Kielduff, and Kielduff
shall deliver to the Pledgeholder Assignments with respect to the Integrity
Shares.

         4. AMENDMENT TO PROMISSORY NOTE. Effective as of the Closing Date, the
Note is hereby amended as follows:

                  4.1. CONVERSION OPTION. Kielduff hereby grants to SVI the
option (the "Conversion Option") to cancel the unpaid indebtedness evidenced by
the Note, or any portion of such unpaid indebtedness, in exchange for Integrity
Shares. The Conversion Option may be exercised by SVI giving written notice to
Kielduff at any time (the "Conversion Notice"). If the Conversion Option is
exercised, such portion of Kielduff's indebtedness under the Note identified in
the Conversion Notice shall be canceled in exchange for Integrity Shares at
$5.00 per share (the "Conversion Price"), and such indebtedness shall be reduced
by the amount of the Conversion Price multiplied by the number of Integrity
Shares received by SVI.

                  4.2. AMENDMENT TO PLEDGE AGREEMENT. The Note shall continue to
be secured by the Pledge Agreement, as amended by this Agreement. All references
to the Pledge Agreement in the Note shall refer to the Amended Pledge Agreement.

                  4.3. PAYMENT EXTENSION. Paragraph 1 of the Note is hereby
deleted, and the following provision substituted in its place:

         "Payments. All amounts of principal and interest due under this Note
         shall be paid to Holder on or before May15, 2000."

                                       2
<PAGE>

                  4.4. CONFIRMATION OF NOTE. All other terms and provisions of
the Note not amended remain in full force and effect, and Kielduff hereby
reaffirms all of its obligations under the Note.

         5. AMENDMENT TO PLEDGE AGREEMENT. Kielduff's obligations under the
Note, as amended by this Agreement, will be secured by a pledge of the Integrity
Shares in favor of SVI. Effective as of the Closing Date, the Pledge Agreement
is hereby amended as follows:

                  5.1. SUBSTITUTION OF COLLATERAL. The Integrity Shares are
hereby substituted for the Ibis Shares as collateral under the Pledge Agreement.
All references to the "Shares" in the Pledge Agreement shall be deemed to refer
to the Integrity Shares.

                  5.2. DEFINITION OF "OBLIGATIONS". All references to the
"Obligations" under the Pledge Agreement shall refer to (a) Kielduff's
obligations to SVI under the Note (and all renewals, extensions, amendments, and
changes of, or substitutions or replacements to, any of the obligations under
the Note), (b) Kielduff's obligations under this Agreement, (c) the faithful
performance by Kielduff of all of its obligations under the Share Sale
Agreement, and (d) the obligations of Kielduff and/or its affiliates to pay to
SVI the sum of US$633,000 pursuant to a certain receivable owing to SVI.

                  5.3. DEFINITION OF "COMPANY". All references in the Pledge
Agreement to "the Company" shall refer to Integrity, rather than Ibis.

                  5.4. DELIVERY OF SHARES. At the Closing, Kielduff shall (a)
concurrently and validly endorse the share certificate(s) evidencing the
Integrity Shares in blank and deliver such certificate(s) to the Pledgeholder
(as defined in the Pledge Agreement), and (b) deliver to Pledgeholder a duly
executed Assignment Separate from Certificate with respect to each certificate
representing the Integrity Shares.

                  5.5. COVENANTS. The covenants contained in paragraph 6 of the
Pledge Agreement are deleted. In lieu thereof, the covenants contained in
paragraph 9 of this Agreement shall apply. The breach of any of the covenants
contained in paragraph 9 of this Agreement shall constitute a breach of the
Pledge Agreement.

                  5.6. KIELDUFF'S REPRESENTATIONS AND WARRANTIES. Kielduff
represents and warrants that the representations and warranties contained in
paragraph 5 of the Pledge Agreement continue to be true and accurate in all
respects. In addition, Kielduff represents and warrants to SVI as follows:

                           (a) Kielduff will as of the Closing be the legal and
                  beneficial owner and holder of the Integrity Shares, free and
                  clear of all encumbrances.

                           (b) The Integrity Shares have been duly authorized
                  and validly issued and are fully paid and nonassessable.

                           (c) There are no options, warrants, rights (including
                  conversion or preemptive rights) or agreements for the
                  purchase or acquisition from Kielduff of any of the Integrity
                  Shares.

                                       3
<PAGE>

                  5.7. CONFIRMATION OF PLEDGE AGREEMENT. All other terms and
provisions of the Pledge Agreement not amended remain in full force and effect,
and Kielduff hereby reaffirms its obligations under the Pledge Agreement.

         6. AMENDMENT TO SETTLEMENT AGREEMENT. Effective as of the Closing Date,
the Settlement Agreement is hereby amended as follows:

                  6.1. DEFINITION OF "LOAN NOTE". All references to the "Loan
Note" under the Settlement Agreement shall refer to the Note (as amended by this
Agreement and all prior amendments).

                  6.2. AMENDMENT TO PARAGRAPH 2. Paragraph 2 of the Settlement
Agreement is hereby amended and restated in its entirety to read:

                  "2. SETTLEMENT.

                           "2.1 Providing Kielduff shall have repaid in cash
         $13,608,000 under the Loan Note together with all interest and
         collection costs thereon unconditionally and without any right of
         recovery, SVI shall pay to Systems all further sums it receives in cash
         from Kielduff under the Loan.

                           "2.2 If SVI exercises the Conversion Option, the
         decision of whether to sell the Integrity Shares acquired upon exercise
         of the Conversion Option (the "Conversion Shares") and the terms of
         such sale (including the timing, the number of shares to be sold, and
         the sale price) shall be determined by SVI in its sole and absolute
         discretion. If SVI sells the Conversion Shares, the proceeds of such
         sale shall be allocated as follows: (a) SVI shall retain the first
         amount equal to the full amount of the Obligations, plus all accrued
         and unpaid interest thereon under the Loan Note through the date of the
         exercise of the Conversion Option; and (b) SVI shall pay to Systems the
         next $4,500,000, plus all accrued and unpaid interest thereon under the
         Loan Note through the date of the exercise of the Conversion Option.
         After the amounts described in the preceding sentence have been paid in
         full, any excess proceeds and any unsold Conversion Shares shall be
         divided equally between SVI and Systems.

                           "2.3 If SVI does not receive the sum of $13,608,000
         together with all interest and collection costs thereon in accordance
         with the Loan Note (either directly from Kielduff or upon the sale of
         Conversion Shares), SVI shall have no obligation to pay Systems any
         amount whatsoever."

               6.3. CONFIRMATION OF SETTLEMENT AGREEMENT. All other terms and
provisions of the Settlement Agreement not amended remain in full force and
effect, and each party to the Settlement Agreement hereby reaffirms all of its
obligations under the Settlement Agreement.

                                       4
<PAGE>

         7. COVENANTS OF KIELDUFF AND JYRIS. Effective as of the Closing Date,
Kielduff and Jyris covenant that until all of the Obligations (as defined in the
Pledge Agreement) have been fully and finally satisfied, Kielduff and Jyris will
fully and completely comply with the following affirmative and negative
covenants:

                  7.1. Kielduff and Jyris shall promptly inform SVI in writing
as soon as they become aware of: (a) any material adverse changes in Integrity's
financial condition, and (b) all existing and all threatened litigation, claims,
investigations, administrative proceedings or similar actions effecting
Integrity which could materially effect the financial condition of Integrity.

                  7.2. Kielduff shall defend any proceeding which seeks to, or
threatens to, affect, challenge, or impair SVI's security interest in the
Collateral and shall indemnify and hold SVI harmless from and against any and
all costs and expenses incurred in connection with any such action or
proceeding, including attorneys' fees and costs, other than any such action or
claim of a creditor or creditors of the SVI.

                  7.3. Kielduff shall, promptly upon request by SVI, execute and
deliver any documents or instruments, provide any notices, execute and file any
financing statements or other documents, and take any other actions which are,
in the reasonable judgment of SVI, necessary or desirable to perfect or continue
the perfection and first lien priority of SVI's security interest in the
Collateral, and to protect the Collateral against any adverse claims (in
violation of the representations and warranties in paragraph 5 of the Pledge
Agreement), and pay all reasonable costs incurred by SVI in connection
therewith.

                  7.4. Kielduff shall pay when due all taxes, assessments, and
liens, if any, upon the Collateral. Kielduff may withhold any such payment or
may elect to contest any lien if Kielduff is in good faith conducting
appropriate proceedings to contest the obligation to pay, so long as SVI's
interest in the Collateral is not jeopardized. In any such contest, Kielduff
shall represent itself and SVI and shall satisfy any final adverse judgment
before enforcement against the Collateral. Kielduff shall name SVI as an
additional obligee under any surety bond furnished in the contest proceedings.

                  7.5. Kielduff and Jyris shall not without the prior written
consent of the SVI:

                           (a) vote in favor of any action by Integrity to (i)
                  change the name or structure of Integrity or alter the
                  corporate, capital or legal structure of Integrity, including
                  the creation or acquisition of any subsidiaries; (ii) enter
                  into any transaction of merger or consolidation, or liquidate,
                  wind-up or dissolve itself (or suffer any liquidation or
                  dissolution); (iii) convey, sell, lease, sub-lease, encumber,
                  transfer or otherwise dispose of, in one transaction or a
                  series of transactions, all or any part of its business,
                  property or assets, whether now owned or hereafter acquired;
                  or (iv) acquire by purchase or otherwise all or a substantial
                  portion of the business, property or assets of, or stock or
                  other evidence of beneficial ownership of, any person or any
                  division or line of business of any person;

                                       5
<PAGE>

                           (b) create or suffer to exist any further security
                  interest in the Collateral;

                           (c) sell or otherwise dispose of the Collateral or
                  any interest in the Collateral;

                           (d) vote in favor of payments or distributions from
                  Integrity other than in the ordinary course of business;

                           (e) divert any corporate opportunity from Integrity;

                           (f) vote in favor of any action by Integrity to sell,
                  transfer, encumber or otherwise dispose of all or any of its
                  assets including intangible and intellectual property, except
                  in the ordinary course of business in a commercially
                  reasonable transaction involving only unrelated and
                  unaffiliated parties;

                           (g) incur any additional indebtedness other than in
                  the ordinary course of business in a commercially reasonable
                  transaction involving only unrelated and unaffiliated parties;

                           (h) vote in favor of any action by Integrity to
                  create, incur, assume or permit to exist any lien on or with
                  respect to any property or asset of any kind;

                           (i) vote in favor of any action by Integrity to enter
                  into, amend, restate, modify or terminate any contracts except
                  in the ordinary course of business in a commercially
                  reasonable transaction involving unrelated and unaffiliated
                  parties;

                           (j) vote in favor of any action by Integrity to
                  increase the compensation payable to any officer or employee
                  other than in the ordinary course of business consistent with
                  prior practices;

                           (k) vote in favor of any action by Integrity to make
                  any single item of capital expenditure in excess of $50,000;

                           (l) vote in favor of any action by Integrity to enter
                  into or permit to exist any transaction (including, without
                  limitation, the purchase, sale, lease or exchange of any
                  property or the rendering of any service) with any affiliate
                  of Kielduff, Integrity or Jyris, on terms that are less
                  favorable to such person than those that might be obtained at
                  the time from persons who are not such an affiliate;

                           (m) vote in favor of any action by Integrity to pay
                  any dividends or make any other distribution of assets to
                  shareholders;

                           (n) vote in favor of any action by Integrity to issue
                  shares of capital stock or other securities or options or
                  warrants to purchase such securities;

                                       6
<PAGE>

                           (o) vote in favor of any action by Integrity to
                  engage in any business activities substantially different than
                  those in which Integrity is presently engaged;

                           (p) vote in favor of any action by Integrity to cease
                  operations, liquidate, merge, transfer, acquire or consolidate
                  with any other entity, or change Integrity's name; or

                           (q) vote in favor of any action by Integrity to make
                  any loans or advances or to acquire any indebtedness.

                  7.6. Kielduff and Jyris will pro cure from Integrity and
furnish to SVI the following:

                           (a) QUARTERLY STATEMENTS. As soon as available and in
                  any event within 45 days after the end of each quarterly
                  fiscal period (except the last) of each fiscal year, copies of
                  the following, in each case setting forth in comparative form
                  the consolidated figures for the preceding fiscal year, all in
                  reasonable detail:

                                    (i) consolidated balance sheets of Integrity
                           and its subsidiaries as of the close of the
                           three-month period then ended, setting forth in
                           comparative form the consolidated figures at the end
                           of the preceding fiscal year,

                                    (ii) consolidated and consolidating
                           statements of income of Integrity and its
                           subsidiaries for the three-month period then ended,
                           setting forth in comparative form the consolidated
                           figures for the corresponding period of the preceding
                           fiscal year, and

                                    (iii) consolidated and consolidating
                           statements of cash flows of Integrity and its
                           subsidiaries for the portion of the fiscal year
                           ending with such three-month period, setting forth in
                           comparative form the consolidated figures for the
                           corresponding period of the preceding fiscal year.

                           (b) ANNUAL STATEMENTS. As soon as available and in
                  any event within 90 days after the close of each fiscal year
                  of Integrity, copies of the following, in each case setting
                  forth in comparative form the consolidated figures for the
                  preceding fiscal year, all in reasonable detail and
                  accompanied by a report thereon of a firm of independent
                  public accountants of recognized national standing or a firm
                  reasonably acceptable to SVI:

                                    (i) consolidated balance sheets of Integrity
                           and its subsidiaries as of the close of such fiscal
                           year, and

                                       7
<PAGE>

                                    (ii) consolidated and consolidating
                           statements of income and changes in shareholders
                           equity and cash flows of Integrity and its
                           subsidiaries for such fiscal year.

                           (c) SEC AND OTHER REPORTS. Promptly upon their
                  becoming available, one copy of each financial statement,
                  report, notice or proxy statement sent by Integrity to
                  stockholders generally and of each periodic or current report,
                  and any registration statement or prospectus filed by
                  Integrity or any of its subsidiaries with any securities
                  exchange or the SEC or any successor agency, and copies of any
                  orders in any proceedings to which Integrity or any of its
                  subsidiaries is a party, issued by any governmental agency,
                  federal or state, having jurisdiction over Integrity or any of
                  its subsidiaries.

         8. REGISTRATION RIGHTS FOR THE INTEGRITY SHARES. It is a condition
precedent to SVI's obligations under this Agreement (including the granting of
SVI's consent to the transfer of the Ibis Shares to Jyris) that SVI shall have
entered into a Registration Rights Agreement with Integrity which provides that,
for so long as SVI owns or holds a security interest in shares of common stock
of Integrity, SVI shall be entitled to the registration rights set forth in this
paragraph 8.

                  8.1. Integrity shall agree to register the Integrity Shares
under the Securities Act of 1933 (the "Act") (other than on SEC Forms S-4 or
S-8) within ninety days after SVI delivers a written request for such
registration, including compliance with California blue sky laws. Integrity or
Kielduff shall bear all costs and expenses of such registration.

                  8.2. Integrity shall agree to promptly give to SVI written
notice of its decision to register any of its securities under the Act (other
than on SEC forms S-4 or S-8) and shall include in such registration (and any
related qualification under blue sky laws or other compliance) and in any
underwriting involved therein, any or all of Integrity Shares purchased by SVI
from Kielduff in exchange for the cancellation of indebtedness under the Note
which SVI specifies in a written request made within fifteen (15) days after
receipt of the written notice from Integrity.

                  8.3. Integrity shall agree to inform SVI in writing of the
initiation of each such registration and the completion thereof. Integrity shall
agree to:

                           (a) Keep such registration effective for so long as
                  any other selling shareholder registration statement of
                  Integrity is kept effective, or until SVI has completed the
                  distribution described in the registration statement relating
                  thereto, whichever first occurs;

                           (b) Furnish such reasonable number of prospectuses
                  and other documents incident thereto as from time to time SVI
                  may reasonably request; and

                                       8
<PAGE>

                           (c) In connection with any underwritten registration,
                  Integrity will enter into any underwriting agreement
                  reasonably necessary to effect the offer and sale of the
                  shares purchased by SVI under this Agreement, provided such
                  underwriting agreement contains customary underwriting
                  provisions.

         9. BOARD REPRESENTATION. For so long as SVI owns or holds a security
interest in shares of common stock of Integrity, Kielduff and Jyris shall use
their best efforts to nominate and elect two designees of SVI to the Board of
Directors of Integrity (the "Integrity Board") in accordance with this paragraph
9. In addition, Kielduff and Jyris shall use their best efforts to cause
Integrity to (a) reimburse any designee of SVI hereunder for all reasonable
expenses incurred as a director and to provide such compensation as may be
received by other non-employee directors of Integrity, including indemnity and
advancement of expenses to the fullest extent permitted under applicable law;
and (b) provide, at Integrity's expense, directors and officers liability
insurance coverage reasonably acceptable to SVI for any member of the Integrity
Board designated by SVI.

         10. TERMINATION OF REPRESENTATIONS AND INDEMNITIES. As of the Closing
Date, the warranties, representations and indemnities provided by SVI under the
Share Sale Agreement including, without limitation, under the Deed of Indemnity
(Schedule 4), and under paragraph 5 and Schedule 2 to the Share Sale Agreement
are terminated, and SVI shall have no liability under any such warranties,
representations and indemnities. Kielduff and Jyris expressly waive any claims
they may have against SVI with respect to such warranties, representations and
indemnities.

         11. WAIVER OF STATUTORY RIGHTS. The parties acknowledge that they may
hereafter discover facts different from, or in addition to, those now known or
believed to be true regarding the matters described in this Agreement, or
emanating therefrom, and agree that this Agreement shall remain in full force
and effect, notwithstanding the existence of any such difference or additional
facts. In this connection, each party expressly waives application of Section
1542 of the California Civil Code and any similar state or federal law.
California Civil Code Section 1542 provides as follows:

                  "A general release does not extend to claims which the
creditor does not know or suspect to exist in his favor at the time of executing
the release, which if known by him must have materially affected his settlement
with the debtor."

         12. TERMINATION OF COVENANT NOT TO COMPETE. As of the Closing Date, the
covenants of SVI set forth in paragraph 7 of the Share Sale Agreement are
terminated and of no further force and effect.

         13. GOVERNING LAW. This Agreement is governed by and construed in
accordance with the laws of the State of California, irrespective of
California's choice-of-law principles.

         14. FURTHER ASSURANCES. Each party to this Agreement shall execute and
deliver all instruments and documents and take all actions as may be reasonably
required or appropriate to carry out the purposes of this Agreement.

                                       9
<PAGE>

         15. VENUE AND JURISDICTION. All actions and proceedings arising in
connection with this Agreement must be tried and litigated exclusively in the
State and Federal courts located in the County of San Diego, State of
California, which courts have personal jurisdiction and venue over each of the
parties to this Agreement for the purpose of adjudicating all matters arising
out of or related to this Agreement. Each party authorizes and accepts service
of process sufficient for personal jurisdiction in any action against it as
contemplated by this paragraph by registered or certified mail, return receipt
requested, postage prepaid, to its address for the giving of notices set forth
in this Agreement.

         16. COUNTERPARTS. This Agreement may be executed in counterparts, each
of which is deemed an original and all of which together constitute one
document.

         17. TIME OF ESSENCE. Time and strict and punctual performance are of
the essence with respect to each provision of this Agreement.

         18. ATTORNEY'S FEES. The prevailing party(ies) in any litigation,
arbitration, mediation, bankruptcy, insolvency or other proceeding
("Proceeding") relating to the enforcement or interpretation of this Agreement
may recover from the unsuccessful party(ies) all costs, expenses, and actual
attorney's fees (including expert witness and other consultants' fees and costs)
relating to or arising out of (a) the Proceeding (whether or not the Proceeding
proceeds to judgment), and (b) any post-judgment or post-award proceeding
including, without limitation, one to enforce or collect any judgment or award
resulting from the Proceeding. All such judgments and awards shall contain a
specific provision for the recovery of all such subsequently incurred costs,
expenses, and actual attorney's fees.

         19. MODIFICATION. This Agreement may be modified only by a contract in
writing executed by the party to this Agreement against whom enforcement of the
modification is sought.

         20. HEADINGS. The paragraph headings in this Agreement: (a) are
included only for convenience, (b) do not in any manner modify or limit any of
the provisions of this Agreement, and (c) may not be used in the interpretation
of this Agreement.

         21. PRIOR UNDERSTANDINGS. This Agreement and all documents specifically
referred to and executed in connection with this Agreement: (a) contain the
entire and final agreement of the parties to this Agreement with respect to the
subject matter of this Agreement, and (b) supersede all negotiations,
stipulations, understandings, agreements, representations and warranties, if
any, with respect to such subject matter, which precede or accompany the
execution of this Agreement.

         22. INTERPRETATION. Whenever the context so requires in this Agreement,
all words used in the singular may include the plural (and vice versa) and the
word "person" includes a natural person, a corporation, a firm, a partnership, a
joint venture, a trust, an estate or any other entity. The terms "includes" and
"including" do not imply any limitation. For purposes of this Agreement, the
term "day" means any calendar day and the term "business day" means any calendar
day other than a Saturday, Sunday or any other day designated as a holiday under
California Government Code Sections 6700-6701. Any act permitted or required to
be performed under this Agreement upon a particular day which is not a business
day may be performed on the next business day with the same effect as if it had
been performed upon the day appointed. No remedy or election under this
Agreement is exclusive, but rather, to the extent permitted by applicable law,
each such remedy and election is cumulative with all other remedies at law or in
equity.

                                       10
<PAGE>

         23. PARTIAL INVALIDITY. Each provision of this Agreement is valid and
enforceable to the fullest extent permitted by law. If any provision of this
Agreement (or the application of such provision to any person or circumstance)
is or becomes invalid or unenforceable, the remainder of this Agreement, and the
application of such provision to persons or circumstances other than those as to
which it is held invalid or unenforceable, are not affected by such invalidity
or unenforceability unless such provision or the application of such provision
is essential to this Agreement.

         24. SUCCESSORS-IN-INTEREST AND ASSIGNS. Neither Kielduff nor Jyris may
voluntarily or by operation of law assign, hypothecate, delegate or otherwise
transfer or encumber all or any part of its rights, duties or other interests in
this Agreement without the prior written consent of SVI, which consent may be
withheld in SVI's sole and absolute discretion. Any such transfer in violation
of this paragraph is void. Subject to the foregoing and any other restrictions
on transferability contained in this Agreement, this Agreement is binding upon
and inures to the benefit of the successors-in-interest and assigns of each
party to this Agreement.

         25. NOTICES. All notices or other communications required or permitted
to be given to a party to this Agreement shall be in writing and shall be
personally delivered, sent by certified mail, postage prepaid, return receipt
requested, or sent by an overnight express courier service that provides written
confirmation of delivery, to such party at its address as set forth above in the
introductory paragraph of this Agreement. Each such notice or other
communication shall be deemed given, delivered and received upon its actual
receipt, except that if it is sent by mail in accordance with this paragraph,
then it shall be deemed given, delivered and received three days after the date
such notice or other communication is deposited with the United States Postal
Service in accordance with this paragraph. Any party to this Agreement may give
a notice of a change of its address to the other party(ies) to this Agreement.

         26. WAIVER. Any waiver of a provision under this Agreement must be in
writing. No such waiver constitutes a waiver of any other default or provision
concerning the same or any other provision of this Agreement. No delay or
omission by a party in the exercise of any of its rights or remedies constitutes
a waiver of (or otherwise impairs) such right or remedy. A consent to or
approval of an act does not waive or render unnecessary the consent to or
approval of any other or subsequent act.

         27. DRAFTING AMBIGUITIES. Each party to this Agreement and its legal
counsel have reviewed and revised this Agreement. The rule of construction that
ambiguities are to be resolved against the drafting party or in favor of the
party receiving a particular benefit under an agreement may not be employed in
the interpretation of this Agreement or any amendment to this Agreement.

                                       11
<PAGE>

         28. INDEMNIFICATION OF PLEDGEHOLDER. The parties shall indemnify,
defend, and hold Pledgeholder harmless from and against any and all actions,
causes of action, claims, demands, expenses, and liabilities that Pledgeholder
may suffer or incur by virtue of its role as Pledgeholder under this Agreement;
provided, however, the foregoing indemnification will not relate to any such
matter arising out of the gross negligence or intentional misconduct of
Pledgeholder. Pledgeholder will not be liable to Kielduff, SVI or Integrity for
any action taken or omitted to be taken by Pledgeholder except for
Pledgeholder's own gross negligence or intentional misconduct.

SVI HOLDINGS, INC.,                         SYSTEMS FOR BUSINESS INC.,
a Nevada corporation                        a British Virgin Islands corporation

By: /s/ Barry Schechter                     By: /s/ Peter Nagle
   -----------------------------               -----------------------------
Its: CEO                                    Its: Vice President
   -----------------------------               -----------------------------

SOFTLINE LIMITED                            IBIS SYSTEMS LIMITED,
a South African company                     an England company

By: /s/ Ivan Epstein                        By: /s/ Peter Nagle
   -----------------------------               -----------------------------
Its: CEO                                    Its: Managing Director

KIELDUFF INVESTMENTS LIMITED,               JYRIS GROUP
an Ireland company

By: /s/ Peter Nagle                         By: /s/ Peter Nagle
   -----------------------------               -----------------------------
Its: Vice President                         Its: Vice President
   -----------------------------               -----------------------------

I ACCEPT THE OBLIGATIONS IMPOSED
UPON ME UNDER THIS AGREEMENT:

/s/ Norman L. Smith
--------------------------------
Norman L. Smith, Esq., Pledgeholder

                                       12

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