Document:

EXHIBIT 10.2

                           RESTRICTED STOCK AGREEMENT
                           --------------------------

         RESTRICTED STOCK AGREEMENT (this "Agreement") dated as of October 9,
2006 by and between COACTIVE MARKETING GROUP, INC., a Delaware corporation (the
"Corporation"), and CHARLES TARZIAN (the "Employee").

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

         WHEREAS, the Board of Directors and Compensation Committee of the
Corporation have determined that it is desirable and in the best interest of the
Corporation to grant the Employee shares of restricted stock under this
Agreement (i) to induce Employee to enter into the employ of the Corporation
pursuant to an Employment Agreement (the "Employment Agreement") between the
Corporation and Employee of even date herewith, and (ii) as an incentive for the
Employee to advance the interests of the Corporation;

         WHEREAS, the Employee desires to accept such shares subject to the
restrictions and other provisions of this Agreement; and

         WHEREAS, capitalized terms used but not defined herein shall have the
meanings set forth in the Employment Agreement.

         NOW, THEREFORE, for good and valuable consideration, the receipt of
which is hereby acknowledged, the parties hereto do hereby agree as follows:

         1.       Grant. Subject to the terms and conditions set forth herein
and therein, the Corporation hereby issues to Employee 200,000 shares of Common
Stock of the Corporation (the "Shares"). A certificate representing the Shares
shall be issued in the name of the Employee and shall be escrowed with the
Secretary of the Corporation subject to removal of the restrictions placed
thereon or forfeiture pursuant to the terms of this Agreement.

         2.       Dividend, Voting and Other Rights. Except as otherwise
provided herein, from and after the date hereof, the Employee shall have all of
the rights of a stockholder with respect to the Shares, including the right to
vote the Shares and receive any dividends that may be paid thereon; provided,
however, that any and all additional shares of Common Stock or other securities
that the Employee may become entitled to receive pursuant to a stock dividend,
stock split, combination of shares, recapitalization, merger, consolidation,
separation or reorganization or any other change in the capital structure of the
Corporation with respect to such stock, securities or other property
exchangeable for any unvested Shares shall be subject to the same restrictions
as such unvested Shares under this Agreement.

         3.       Risk of Forfeiture; Vesting. In the event of a Termination of
Association (as defined below) of the Employee for any reason prior to the date
that is five years from the date hereof (the "Time Vested Date"), all unvested
Shares granted hereunder shall be forfeited to the Corporation, and the Employee
shall have no further interest in such unvested Shares of any kind whatsoever.
The Shares shall vest as follows:
<PAGE>

                  (i)      Time Vesting. On the Time Vested Date, provided that
         a Termination of Association has not occurred prior to such date,
         Employee shall be vested in one hundred percent (100%) of the Shares.

                  (ii)     Accelerated Vesting Based on Stock Price. In
         addition, following the first period of 20 consecutive trading days (a
         "Trading Period") during which the last reported sales price of the
         Common Stock on each date in such Trading Period, as reported by the
         Nasdaq Stock Market, the NASD OTC Bulletin Board, or such other
         principal market on which the Common Stock is then traded or quoted,
         equals or exceeds the vesting price set forth below (a "Vesting
         Price"), Employee shall be vested in that percentage of the Shares set
         forth below opposite such Vesting Price:

                                                               Percentage of
                           Vesting Price                       Shares Vested
                           -------------                       -------------
                              $3.00                                 20%
                              $4.00                                 40%
                              $5.00                                 60%
                              $6.00                                 80%
                              $7.00                                100%

                  By way of example, if the last reported sales price of the
         Common Stock during each day of a Trading Period is greater than $3.00
         but less than $4.00, Employee would be vested in 20% of the Shares. If,
         thereafter, the last reported sales price of the Common Stock during
         each day of a subsequent Trading Period is less than $3.00, Employee
         would remain vested in 20% of the Shares. If, thereafter, during a
         third Trading Period the last reported sales price of the Common Stock
         on each day of such Trading Period is greater than $4.00 but less than
         $5.00, Employee would be vested in an aggregate of 40% of the Shares.

                  Each Vesting Price shall be proportionately decreased or
         increased, as appropriate, in the event the Corporation shall at any
         time after the date hereof (i) issue Common Stock as a dividend or
         distribution on all shares of Common Stock of the Corporation, (ii)
         split or otherwise subdivide its outstanding Common Stock, or (iii)
         combine the outstanding Common Stock into a smaller number of shares.

         (iii)    As soon as practicable following the vesting of any Shares
pursuant to this Section 3 and to the extent such Shares may be sold under
Section 4 hereof, the Secretary of the Corporation shall deliver to the Employee
certificates representing such vested Shares free and clear of all restrictions
and with all legends herein described removed along with the stock powers
relating thereto.

         A "Termination of Association" shall mean the termination of the
relationship between the Corporation and the Employee, such that the Employee is
no longer an employee of the Corporation. In the event of a forfeiture, the
certificates representing the unvested Shares covered by this Agreement shall be
canceled.

                                       2
<PAGE>

         4.       Stock Maintenance Requirement. Notwithstanding the vesting of
the Shares, Employee covenants and agrees with the Corporation, that so long as
Employee is employed by the Corporation, Employee shall continue to hold no less
than 50% of the aggregate number of shares of common stock of the Corporation
issued to Employee by the Corporation in connection with his employment with the
Corporation (including, without limitation, the Shares issued hereunder and any
other shares of Common Stock issued to Employee by the Corporation after the
date hereof pursuant to Employee's Employment Agreement or otherwise).

         5.       Restrictions on Transfer. The Shares may not be sold,
exchanged, assigned, transferred, pledged, encumbered or otherwise disposed of
by the Employee, except to the Corporation, until the Shares have become
nonforfeitable as provided in Section 3 hereof, and then only in accordance with
Section 4 hereof. Any purported transfer or encumbrance in violation of the
provisions of this Section 5 shall be void, and the other party to any such
purported transaction shall not obtain any rights to or interest in such Shares.
In addition, Employee hereby confirms that Employee has been informed that the
Shares are restricted securities under the Securities Act of 1933, as amended,
and may not be resold or transferred unless the Shares are first registered
under the federal securities laws or unless an exemption from such registration
is available.

         6.       Legend on Shares. Each certificate evidencing Shares shall be
stamped or otherwise imprinted with legends in substantially the following form:

         THE TRANSFER OF THESE SECURITIES IS SUBJECT TO THE TERMS AND CONDITIONS
         OF A RESTRICTED STOCK AGREEMENT DATED AS OF OCTOBER __, 2006, BETWEEN
         COACTIVE MARKETING GROUP, INC. AND THE HOLDER OF RECORD OF THIS
         CERTIFICATE, AND NO SALE, ASSIGNMENT, TRANSFER, PLEDGE, HYPOTHECATION
         OR OTHER DISPOSITION OF SUCH SECURITIES SHALL BE VALID OR EFFECTIVE
         EXCEPT IN ACCORDANCE WITH SUCH AGREEMENT AND UNTIL SUCH TERMS AND
         CONDITIONS HAVE BEEN FULFILLED. COPIES OF SUCH AGREEMENT MAY BE
         OBTAINED AT NO COST BY WRITTEN REQUEST MADE BY THE HOLDER OF RECORD OF
         THIS CERTIFICATE TO THE SECRETARY OF COACTIVE MARKETING GROUP, INC.

         In addition, the Shares will be imprinted with the following legend:

         THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE BEEN ACQUIRED FOR
         INVESTMENT AND HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF
         1933 OR ANY STATE SECURITIES LAW. THESE SECURITIES MAY NOT BE PLEDGED,
         HYPOTHECATED, SOLD OR TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION
         OR AN EXEMPTION THEREFROM UNDER THE SECURITIES ACT OF 1933, AS AMENDED,
         AND ANY APPLICABLE STATE SECURITIES LAW.

         7.       Withholding. If any Federal, state or local taxes of any kind
are required by law to be withheld with respect to the Shares (or any
distributions of other securities or property (including cash) thereon or issued
in replacement thereof), (i) the Corporation and its subsidiaries shall, to the
extent permitted by law, have the right to deduct from any payments of any kind

                                       3
<PAGE>

otherwise due to the Employee any Federal, state or local taxes of any kind
required by law to be withheld with respect to the Shares; and (ii) if payment
of the required tax is not made by the Employee or otherwise, the Corporation
may, at its option, redeem and cancel a sufficient number of Shares at their
Fair Market Value (as defined in the Plan), to pay any tax required to be
withheld.

         8.       No Right to Retention. This Agreement shall not entitle the
Employee to any right or claim to be employed or retained by the Corporation or
any subsidiary thereof or limit the right of the Corporation or any subsidiary
thereof to terminate the Employee's employment with the Corporation or any
subsidiary thereof or to change the terms of such employment.

         9.       Resolution of Disputes. Any controversy, dispute, or
difference arising out of or relative to this Agreement or the breach thereof
shall be determined by arbitration in New York City before three arbitrators.
The arbitration shall be governed by the Federal Arbitration Act and
administered by the American Arbitration Association under its Commercial
Arbitration Rules, provided that persons eligible to be selected as arbitrators
shall be limited to attorneys-at-law who have practiced law for at least 15
years as an attorney in New York specializing in either general commercial
litigation or general corporate and commercial matters. A demand for arbitration
under this provision shall be made in writing to the other party within sixty
(60) days of the date the party demanding arbitration knew or should have known
of the event giving rise to the claim, but in no event more than two (2) years
after the event giving rise to the claim, or the claim shall be forever barred.
The parties agree that judgment upon any award rendered may be entered in any
court having jurisdiction thereof as an enforceable judgment or decree.

         10.      Successors and Assigns. Except as otherwise expressly provided
herein, this Agreement shall bind and inure to the benefit of the Corporation,
the Employee, the respective successors or heirs and personal representatives
and permitted assigns of the Corporation and the Employee.

         11.      Entire Agreement. This Agreement, together with the Employment
Agreement, contains the entire agreement among the parties with respect to the
subject matter hereof and supersedes other prior and contemporaneous
arrangements or understandings with respect thereto. In the event of any
conflict among this Agreement and the Employment Agreement, the terms of the
Employment Agreement shall control.

         12.      Notices. All notices, consents and other communications under
this Agreement shall be in writing and shall be deemed to have been duly given
(a) when delivered by hand, (b) one business day after the business day of
transmission if sent by telex or telecopier (with receipt confirmed), or (c) one
business day after the business day of deposit with the carrier, if sent by
Express Mail, Federal Express or other express delivery service (receipt
requested), in each case to the appropriate addresses, telex numbers and
telecopier numbers (or to such other addresses, telex numbers and telecopier
numbers as a party may designate as to itself by notice to the other parties),
if to the Employee at Employee's address on the records of the Corporation, and
if to the Corporation, to CoActive Marketing Group, Inc., 75 Ninth Avenue, New
York, New York 10011.

                                       4
<PAGE>

         13.      Changes. This Agreement cannot be changed or terminated
orally.

         14.      Counterparts. This Agreement may be executed in any number of
counterparts, and each such counterpart shall be deemed to be an original
instrument, but all such counterparts together shall constitute but one
agreement.

         15.      Headings. The headings of the various sections of this
Agreement have been inserted for convenience of reference only and shall not be
deemed to be part of this Agreement.

         16.      Severability. Any provision of this Agreement that is
prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction,
be ineffective to the extent of such prohibition or unenforceability. Such
prohibition or unenforceability in any one jurisdiction shall not invalidate or
render unenforceable such provision in any other jurisdiction.

                                       5

<PAGE>

         17.      Governing Law; Jurisdiction. This Agreement shall be governed
by, and construed in accordance with the laws of the State of New York
applicable to contracts made and to be performed wholly therein.

         IN WITNESS WHEREOF, the parties hereto have executed this Agreement
this 9th day of October, 2006.

                                       COACTIVE MARKETING GROUP, INC.

                                       By: /s/ ERWIN MEVORAH
                                           -------------------------------------
                                       Name:   Erwin Mevorah
                                       Title:  Chief Financial Officer

                                       /s/ CHARLES TARZIAN
                                       -----------------------------------------
                                       Charles Tarzian ("Employee")

                                       6<PAGE>

Exhibit 10.1

                                OPTION AGREEMENT

         This Option Agreement (the "Agreement") is entered into as of October
3, 2006 (the "Grant Date") between Island Pacific, Inc., a Delaware corporation
(the "Company") and _______________ (the "Optionee") as follows:

1.       RECITALS

         1.1 The Company by this Agreement is granting to Optionee an option to
purchase shares of its Common Stock.

2.       DEFINITIONS

         In addition to those words and phrases defined above and unless
otherwise required by the context in which they appear, words and phrases having
their initial letters capitalized shall have the following meanings:

         "Affiliate" means as to Optionee a person or entity controlled by,
controlling or under common control with Optionee.

         "Agreement" means this Option Agreement (including any schedules,
attachments, documents incorporated by reference or modifications agreed to in
writing by the Company and Optionee) which sets forth the parties' rights and
obligations with respect to the Option.

         "Common Stock" means the common stock of the Company.

         "Expiration Date" means three (3) years from the date of this option.

         "Option" means the right of Optionee to purchase ___________
(_________) shares of Common Stock in accordance with the terms and conditions
of this Agreement.

         "Option Price" means $______ per share of Common Stock to be paid by
the Optionee upon exercise of the Option.

         "Option Stock" means the shares of Common Stock Optionee shall be
entitled to purchase pursuant to this Agreement.

         "Term" means the period commencing on the Grant Date and continuing
until the Expiration Date.

3.       OPTION

         3.1 GRANT. Company hereby grants to Optionee the Option to purchase all
or any part of the Option Stock on the terms and conditions set forth in this
Agreement.

<PAGE>

         3.2 PURCHASE PRICE. The purchase price per share of Option Stock to be
paid upon the exercise of this Option shall be the Option Price.

         3.3 RESTRICTIONS ON TRANSFER. This Option shall not be transferable by
Optionee other than Optionee's heirs or legatees, to a revocable trust
established by Optionee for estate planning purposes, or an Affiliate of
Optionee. Any permitted transferee shall also be referred to as Optionee. Upon
any attempt to sell, assign, encumber or otherwise transfer this Option in
violation of this Agreement, or upon the levy of any attachment or similar
process upon this Option, this Option shall immediately become null and void.

         3.4 CHANGES IN EQUITY STRUCTURE; RECAPITALIZATION. If any change is
made in the Common Stock (through merger, consolidation, reorganization,
recapitalization, stock dividend, dividend in property other than cash, stock
split, liquidating dividend, combination of shares, exchange of shares, change
in corporate structure or otherwise), the Option will be appropriately adjusted
in the number of shares and price per share of Common Stock.

4.       EXERCISE

         4.1 EXERCISE OF OPTION. Optionee shall be entitled to exercise all or
any part of the Option at any time during the Term.

         4.2 EXPIRATION OF EXERCISE RIGHTS. In no event shall this Option be
exercisable after the Expiration Date.

         4.3 METHOD OF EXERCISE. Subject to the terms and conditions of this
Option, Optionee may exercise the purchase rights represented by this Option in
whole or in part, at any time or from time to time, on or after the date hereof
and before the Expiration Date, by surrendering this Option at the principal
offices of the Company, with the subscription form attached hereto duly executed
by the Optionee, and arranging for payment of the Option Price (i) by making
payment to the Company of an amount equal to the product obtained by multiplying
(x) the number of shares of Option Stock so purchased by (y) the Option Price,
as specified in Section 2, (ii) by delivery of shares of Common Stock already
owned by Optionee, which shares are free of all liens, claims and encumbrances
of every kind and have an aggregate fair market value (determined as of the date
of exercise) equal to the total Option Price for the number of shares of Option
Stock purchased, or (iii) through a broker-assisted cashless exercise
arrangement that complies with applicable law and is satisfactory to the
Company's Board of Directors.

         4.4 FORM OF PAYMENT. Should Optionee choose to exercise this Option
pursuant to clause (i) of Section 4.3 above, then payment of the Option Price
may be made by (i) a check payable to the Company's order, (ii) wire transfer of
funds to the Company, (iii) cancellation of indebtedness of the Company to the
Optionee, or (iv) any combination of the foregoing.

         4.5 PARTIAL EXERCISE. Upon a partial exercise of this Option, this
Option shall be surrendered by the Optionee and replaced with a new Option or
Options of like tenor for the balance of the shares of Option Stock purchasable
under the Option. The Option or Options will be delivered to the Optionee
thereof within a reasonable time.

<PAGE>

         4.6 NO FRACTIONAL SHARES. No fractional shares may be issued upon any
exercise of this Option. If upon any exercise of this Option a fraction of a
share results, such fraction shall be rounded upwards or downwards to the
nearest whole number.

         4.7 ISSUANCE OF STOCK. This Option shall be deemed to have been
exercised immediately prior to the close of business on the date of its
surrender for exercise as provided above, and the person entitled to receive the
shares of Option Stock issuable upon such exercise shall be treated for all
purposes as the holder of record of such shares as of the close of business on
such date. As soon as practicable, the Company shall issue and deliver to the
person or persons entitled to receive the same a certificate or certificates for
the number of whole shares of Option Stock issuable upon such exercise.

5.       INVESTMENT INTENT

         This Option is granted on the condition that Optionee's purchase of
Option Stock shall be for investment purposes and not with a view to resale or
distribution.

6.       NOTICES

         6.1 IN WRITING. All notices, demands, requests, or other communications
permitted or required under this Agreement or applicable law shall be in
writing.

         6.2 DELIVERY. All such communications may be served personally or may
be sent by registered or certified mail, return receipt requested, postage
prepaid and addressed to either Optionee or the Company at the addresses
appearing beneath the respective party's signature to this Agreement, or at such
other address as either party shall have communicated to the other pursuant to
this Section. All such communications shall be deemed effectively delivered upon
personal service or three (3) days after deposit in the United States Mail.

7.       MISCELLANEOUS

         7.1 SUCCESSORS AND ASSIGNS. Except as otherwise provided herein, this
Agreement shall inure to the benefit of only the Company, Optionee and their
respective successors or assigns.

         7.2 SEVERABILITY. If any provision or provisions of this Agreement are
adjudged to be for any reason unenforceable, illegal or void, the remainder of
its provisions shall remain in full force and effect.

         7.3 INTEGRATION. This Agreement constitutes the entire understanding of
the parties concerning the Option granted hereby. Except as otherwise provided,
any changes, modifications, or variations to this Agreement or the Option are
invalid unless stated in writing and executed by the Company and Optionee.

         7.4 GOVERNING LAW. This Agreement and the Option granted hereby shall
be governed by the laws of the State of California. Any action to enforce or
interpret this Agreement shall be brought in the federal or state courts
situated in San Diego County, State of California.

<PAGE>

         7.5 ATTORNEYS FEES. If either party brings an action or seeks to
enforce or interpret any of the terms or provisions of this Agreement, the
prevailing party shall be entitled to recover its reasonable attorneys' fees and
costs in addition to any other remedy it may be awarded.

         7.6 COUNTERPARTS. This Agreement may be executed in counterparts which
shall constitute the whole instrument.

         7.7 TITLES FOR CONVENIENCE; GENDER AND PLURALS. Titles of articles and
paragraph headings are for convenience only and shall not affect the
construction or interpretation of this Agreement, or any portion thereof.
Whenever required by the context hereof, the singular shall include the plural,
and vice versa; the masculine gender shall include the feminine and neuter, and
vice versa.

         Executed to be effective as of the Grant Date.

Number of Shares of Company Stock            OPTIONEE:
for which the Company Options are
exercisable: _____________
                                             -----------------------------------
                                               [Insert Name]

                                             COMPANY:

                                             ISLAND PACIFIC, INC.
                                             a Delaware corporation

                                             -----------------------------------
                                             By:________________________________
                                             Its:_______________________________

<PAGE>

                               NOTICE OF EXERCISE

This constitutes notice under the appended Option Agreement that I elect to
purchase the number of shares for the price set forth below.

                  Number of shares as
                  to which option is
                  exercised:                                 ___________________

                  Certificates to be
                  issued in name of:                         ___________________

                  Total exercise price paid (or number of shares owned by the
                  undersigned and delivered to the Company pursuant to Section
                  4.3 of the
                  Option Agreement).                        $___________________

         I hereby make the following certifications and representations with
respect to the number of shares of Common Stock of the Company listed above (the
"Shares"), which are being acquired by me for my own account upon exercise of
the Option as set forth above:

          I warrant and represent that I have no present intention of
distributing or selling the Shares, except as permitted under the Securities Act
of 1933 and any applicable state securities laws.

         I further acknowledge that all certificates representing any of the
Shares subject to the provisions of the Option shall have endorsed thereon
appropriate legends reflecting the foregoing limitations, as well as any legends
reflecting restrictions pursuant to the Company's Certificate of Incorporation,
Bylaws and/or applicable securities laws.

                                           ---------------------------------
                                                   (Name)

                                           ---------------------------------
                                                   (Date)

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