Document:

REGISTRATION RIGHTS AGREEMENT

         This Registration Rights Agreement (the "Agreement") is entered into as
effective of November 1, 1999, by and between Integrity Holdings, Ltd., a Nevada
corporation (the "Company"), and SVI Holdings, Inc., a Nevada corporation
("SVI"), who agree as follows:

                                    RECITALS
                                    --------

         A. This Agreement is being entered into in connection with a certain
Agreement and Amendment to Note, Pledge Agreement, and Settlement and Release
Agreement (the "Amendment") executed effective November 1, 1999 between SVI,
Kielduff Investments Limited ("Kielduff"), Jyris Group ("Jyris"), Softline
Limited ("Softline"), Systems For Business Incorporated ("Systems"), and Ibis
Systems Limited ("Ibis").

         B. In order to secure certain obligations of Kielduff to SVI, 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 of capital stock of Ibis (the "Ibis Shares").

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

         D. Jyris is a wholly-owned subsidiary of the Company.

         E. 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.

         F. Pursuant to the Amendment, SVI will allow the Integrity Shares to be
substituted for the Ibis Shares as collateral under the Pledge Agreement and
consent to the transfer of the Ibis Shares to Jyris; provided, that, among other
things, the Company grants SVI certain registration rights with respect to the
Integrity Shares, as set forth in this Agreement.

                                    AGREEMENT
                                    ---------

         1. REGISTRATION RIGHTS FOR THE INTEGRITY SHARES. For so long as SVI
owns or holds a security interest in the Integrity Shares, SVI shall be entitled
to the registration rights set forth in this Agreement.

         2. DEMAND REGISTRATION.

                  2.1. DEMAND RIGHTS. If SVI requests in writing (a "Demand
Request") that the Company register an offering of Registrable Securities under
the Securities Act of 1933, by underwriters selected by SVI and reasonably
acceptable to the Company, the Company shall use its best efforts to effect the
registration and sale of such Registrable Securities, in accordance with the
intended method of disposition thereof, and in accordance with the procedures
set forth in paragraph 7.

<PAGE>

                  2.2. NUMBER OF DEMAND REGISTRATIONS. SVI shall be entitled to
request three registrations of Registrable Securities in which the Company shall
pay all Registration Expenses in connection with each such registration request.
A registration shall not count towards the maximum of three registration
requests held by SVI hereunder unless the registration statement for such
requested registration has become effective and an offering closed in which all
Registrable Securities requested to be included in such registration by SVI
shall have been sold. Provided, however, that the Company in any event shall pay
all Registration Expenses in connection with any requested registration whether
or not the registration statement becomes effective (unless the failure to
become effective is such as to require SVI to pay all Registration Expenses for
such aborted or withdrawn registration pursuant to paragraph 5 below, in which
case (i) SVI shall reimburse the Company for all such Registration Expenses
incurred and paid by the Company in connection with such registration, and (ii)
such withdrawn request shall not count as a requested registration hereunder).
Further provided, that if (i) SVI withdraws from or aborts more than one
registration in any consecutive 12-month period, and (ii) SVI is required to pay
Registration Expenses pursuant to paragraph 5 for more than one such withdrawn
or aborted registration, only one such registration shall not be counted.

                  2.3. OTHER SECURITIES AND PRIORITY. The registration statement
filed pursuant to the Demand Request may, subject to the prior written consent
of SVI, include other securities of the Company, provided that all Registrable
Securities for which SVI has requested registration shall be covered by such
registration statement and sold in such offering before any such other
securities are included and sold.

                  2.4. DEFERRAL OF REGISTRATION. If (i) in the good faith
judgment of the Board of Directors of the Company, the filing of a registration
statement as soon as practicable after receipt of the Demand Request would be
materially detrimental to the Company because there exist bona fide financing,
acquisition, or other activities of the Company, and the Board of Directors of
the Company concludes, as a result, that it is essential to defer the filing of
such registration statement at such time, and (ii) the Company shall furnish to
SVI a certificate signed by the President of the Company stating that in the
good faith judgment of the Board of Directors of the Company, it would be
materially detrimental to the Company for such registration statement to be
filed in the near future and that it is essential to defer the filing of such
registration statement, then the Company may defer such filing for a period of
not more than 90 days after receipt of the Demand Request of SVI, provided that
the Company shall not defer its obligations in this manner for more than an
aggregate of 90 days in any twelve-month period, and provided further that SVI
shall be entitled to withdraw the request for registration and, if such request
is withdrawn, such registration shall not count as a requested registration
hereunder and the Company shall pay all Registration Expenses incurred in
connection with such withdrawn registration request.

                  2.5. INCLUSION OF OTHER SECURITIES. In any demand
registration, if the Company shall request inclusion of securities to be sold
for its own account, or if other persons entitled to incidental registrations
shall request inclusion in such registration, SVI shall offer to include such
securities in the underwriting and may condition such offer on the acceptance by
the Company or such other persons of the provisions of this Agreement. The
Company and all such other persons proposing to distribute securities through
such underwriting shall enter into an underwriting agreement in customary form
with the underwriters selected by a majority in interest of SVI and reasonably
acceptable to the Company.

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<PAGE>

         3. PIGGYBACK REGISTRATION.

                  3.1. NOTICE AND PROCEDURES. If the Company proposes to
register any of its common stock either for its own account or for the account
of other security holders, the Company will:

                  (i)  promptly give written notice thereof to SVI; and

                  (ii) use its best efforts to include in such registration and
         in any underwriting involved therein, all Registrable Securities
         specified in any written request from SVI received by the Company
         within 15 days after such notice.

                  3.2. LIMITATIONS. The provisions of this paragraph 3 shall not
apply to any registration relating solely to employee benefit plans (as defined
under Rule 405 of the Securities Act), or a registration relating solely to
securities issued in connection with an acquisition or merger, or a registration
on any registration form that does not permit secondary sales.

                  3.3. UNDERWRITING. The right of SVI to participate in a
piggyback registration shall be conditioned upon SVI's agreement to enter into
an underwriting agreement in customary form with the underwriters selected by
the Company.

                  3.4. UNDERWRITERS' CUTBACK. Notwithstanding any other
provision of this paragraph 3, if the underwriters of any piggyback registration
advise the Company of the need for an Underwriters' Cutback, the underwriters
may (subject to the limitations set forth below) limit the number of Registrable
Securities to be included in the registration and sold; provided, however, that
Registrable Securities shall be included in any over allotment option granted to
the underwriters before inclusion of any shares to be sold by the Company. The
Company shall advise all holders of securities requesting registration of the
Underwriters' Cutback, and the number of shares of securities that are entitled
to be included in the registration and underwriting shall be allocated first to
the Company for securities being sold for its own account and thereafter as set
forth in paragraph 10.

                  3.5. OTHER PROVISIONS. If SVI requests participation in a
piggyback registration, and if the registration is for an underwritten offering,
the provisions of paragraph 2.5 shall also apply to such registration.

         4. REGISTRATION ON FORM S-3. After the Company has qualified for the
use of Form S-3, and for so long as the Company continues to be so qualified, in
addition to the rights contained in the foregoing provisions of this Agreement,
SVI shall have the right to request registrations on Form S-3 or any comparable
or successor form. Each such request shall be in writing and shall state the
anticipated number of shares of Registrable Securities to be disposed of, the
anticipated gross proceeds of the offering, and the intended methods of
disposition of such shares by SVI, including whether sales are to be made on a
delayed or continuous basis pursuant to Rule 415. The Company shall not be
obligated to effect any registration pursuant to this paragraph 4 if (i) SVI,

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together with the holders of any other securities of the Company entitled to
inclusion in such registration, propose to sell Registrable Securities and such
other shares of common stock (if any) on Form S-3 at an aggregate price to the
public of less than $500,000, or (ii) the Company shall delay or defer
registration in accordance with paragraph 2.4, or (iii) the Company will be
required to obtain an audit (other than for its normal year-end audit) for such
registration to become effective. The Company shall only be required to effect
two registrations of Registrable Securities pursuant to this paragraph 4 in each
calendar year, provided, however, that if the offering is to be effected on a
continuous or delayed basis pursuant to Rule 415 (or any successor rule), and
the registration statement is kept effective for a period in excess of 180 days,
then the Company shall not be required to effect another registration in that
calendar year.

         5. EXPENSES OF REGISTRATION. All Registration Expenses incurred in
connection with any registration, qualification or compliance pursuant to this
Agreement, shall be borne by the Company; provided, however, that SVI shall bear
the Registration Expenses for any registration process begun pursuant to
paragraph 2 and subsequently withdrawn by SVI, unless such withdrawal is based
upon (i) material adverse information relating to the Company that is different
from the information known or available (upon request from the Company or
otherwise) to SVI at the time of the request for registration under paragraph 2,
or (ii) material adverse changes in the financial markets which result in a
significant decline in the public market price for the Company's common stock of
at least 20 percent from the date of the request to the date of such withdrawal.
All Selling Expenses relating to securities registered pursuant to this
Agreement shall be borne by the holders of such securities pro rata on the basis
of the number of shares of securities so registered on their behalf.

         6. HOLDBACK AGREEMENTS.

                  6.1. BY SVI. If requested in writing by the Company and the
managing underwriter of an underwritten registered public offering by the
Company of its common stock, SVI shall agree not to sell or otherwise transfer
or dispose of any common stock of the Company held by SVI (other than those
included in the registration statement) for a period not to exceed 180 days
following the effective date of a registration statement of the Company filed
under the Securities Act, provided that all officers and directors of the
Company and all other holders of rights to registration of any other security of
the Company enter into similar agreements identical in terms to that of SVI.

                  6.2. BY THE COMPANY. In connection with any underwritten
registration, the Company (i) shall not effect any public sale or distribution
of its equity securities, or any securities convertible into or exchangeable or
exercisable for such securities, during the seven days prior to and during the
90-day period after the effective date of any underwritten registration pursuant
to this Agreement, and (ii) shall use its reasonable best efforts to cause each
holder of at least two percent (on a fully-diluted basis) of its common stock,
or any securities convertible into or exchangeable or exercisable for Common
stock, purchased from the Company at any time after the date of this Agreement
(other than in a registered public offering or pursuant to stock options granted
under a stock option plan primarily for employees, officers or directors) to
agree not to effect any public sale or distribution (including sales pursuant to
Rule 144) of any such securities during such period.

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<PAGE>

         7. REGISTRATION PROCEDURES. In the case of each registration effected
by the Company pursuant to this Agreement, the Company will use its best efforts
to effect the registration and sale of Registrable Securities in accordance with
the intended method of disposition thereof, and pursuant thereto the Company
shall as expeditiously as possible:

                (i) prepare and file a registration statement with respect to
         such offering of Registrable Securities, and use its best efforts to
         cause such registration statement to become effective,

                (ii) notify SVI of the effectiveness of each registration
         statement hereunder and prepare and file with the Securities and
         Exchange Commission such amendments and supplements to such
         registration statement and the prospectus used in connection therewith
         as may be necessary to keep such registration statement effective for a
         period of not less than 180 days and comply with the provisions of the
         Securities Act with respect to the disposition of all securities
         covered by such registration statement during such period in accordance
         with the intended methods of disposition the sellers thereof set forth
         in such registration statement;

                (iii) furnish to SVI such number of copies of such registration
         statement, each amendment and supplement thereto, the prospectus
         included in such registration statement (including each preliminary
         prospectus) and such other documents as such seller may reasonably
         request in order to facilitate the disposition of the Registrable
         Securities owned by SVI;

                (iv) use its best efforts to register or qualify such
         Registrable Securities under such other securities or blue sky laws of
         such jurisdictions as SVI reasonably requests and do any and all other
         acts and things which may be reasonably necessary or advisable to
         enable such seller to consummate the disposition in such jurisdictions
         of the Registrable Securities owned by SVI;

                (v) notify SVI, at any time when a prospectus relating thereto
         is required to be delivered under the Securities Act, of the happening
         of any event as a result of which the prospectus included in such
         registration statement contains an untrue statement of a material fact
         or omits any fact necessary to make there statements therein not
         misleading, and, at the request of SVI, the Company shall prepare a
         supplement or amendment to such prospectus so that, as thereafter
         delivered to the purchasers of such Registrable Securities, such
         prospectus shall not contain an untrue statement of a material fact or
         omit to state any fact necessary to make the statements therein not
         misleading;

                (vi) cause all such Registrable Securities to be listed on each
         securities exchange on which similar securities issued by the Company
         are then listed and, if not so listed, to be listed on the NASD
         automated quotation system and, if listed on the NASD automated
         quotation system, use its best efforts to secure designation of all
         such Registrable Securities covered by such registration statement as a
         NASDAQ "national market system security" within the meaning of Rule
         11a2-1 of the Securities and Exchange Commission or, failing that, to
         secure NASDAQ authorization for such Registrable Securities and,
         without limiting the generality of the foregoing, to arrange for a
         least two market makers to register as such with respect to such
         Registrable Securities with the NASD;

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<PAGE>

                (vii) provide a transfer agent and registrar for all such
         Registrable Securities not later than the effective date of such
         registrations statement;

                (viii) enter into such customary agreements (including
         underwriting agreements in customary form) and take all such other
         actions as SVI or the underwriters, if any, reasonably request in order
         to expedite or facilitate the disposition of such Registrable
         Securities (including effecting a stock split or combination of
         shares);

                (ix) make available for inspection by SVI, any underwriter
         participating in any disposition pursuant to such registration
         statement and any attorney, accountant or other agent retained by any
         such seller or underwriter, all financial and other records, pertinent
         corporate documents and properties of the Company, and cause the
         Company's officers, directors, employees and independent accountants to
         supply all information reasonably requested by SVI or any such
         underwriter, attorney, accountant or agent in connection with such
         registration statement, provided that any recipient of such records,
         documents or information executes such confidentiality agreement as the
         Company reasonably requests;

                (x) otherwise use its best efforts to comply with all applicable
         rules and regulations of the Securities and Exchange Commission, and
         make available to its security holders, as soon as reasonably
         practicable, an earnings statement covering the period of at least
         twelve months beginning with the first day of the Company's first full
         calendar quarter after the effective date of the registration
         statement, which earning statement shall satisfy the provisions of
         Section 11(a) of the Securities Act and Rule 158 thereunder;

                (xi) if SVI, in its sole and exclusive judgment, might be deemed
         to be an underwriter or controlling person of the Company, permit SVI
         to participate in the preparation of such registration or comparable
         statement and to require the insertion therein of material, furnished
         to the Company in writing, which (i) with respect to matters relating
         to SVI, should be included in the reasonable judgment of SVI and its
         counsel, and (ii) with respect to matters relating to the Company,
         should be included in the reasonable judgment of SVI, subject in the
         case of clause (ii) to the approval of the Company and any managing
         underwriter of the offering (which approval shall not be unreasonably
         withheld);

                (xii) use its best efforts to cause such Registrable Securities
         covered by such registration statement to be registered with or
         approved by such other governmental agencies or authorities as may be
         necessary to enable the sellers thereof to consummate the disposition
         of such Registrable Securities; and

                (xiii) in connection with any underwritten registration, obtain
         a cold comfort letter from the Company's independent public accountants
         in customary form and covering such matters of the type customarily
         covered by cold comfort letters as SVI reasonably requests.

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<PAGE>

         8. INDEMNIFICATION.

                  8.1. BY THE COMPANY. The Company shall indemnify SVI, each of
its officers, directors, employees, agents, and Affiliates, and each
underwriter, and each of its officers, directors, employees, agents, and
Affiliates, against all expenses, claims, losses, damages, and liabilities (or
actions, proceedings, or settlements in respect thereof) arising out of or based
on any untrue statement (or alleged untrue statement) of a material fact
contained in any prospectus (including any related registration statement,
notification, or the like) incident to any registration under this Agreement, or
based on any omission (or alleged omission) to state therein a material fact
required to be stated therein or necessary to make the statements therein not
misleading, or any violation by the Company of the Securities Act or any rule or
regulation thereunder applicable to the Company and relating to action or
inaction required of the Company in connection with any such registration, and
will reimburse such persons for any legal and any other expenses reasonably
incurred in connection with investigating and defending or settling any such
claim, loss, damage, liability or action, provided that the Company will not be
liable in any such case to the extent that any such claim, loss, damage,
liability or expense arises out of or is based on any untrue statement or
omission based upon written information furnished to the Company by SVI or such
underwriter and stated to be specifically for use therein. It is agreed that the
indemnity agreement contained in this paragraph shall not apply to amounts paid
in settlement of any such loss, claim, damage, liability, or action if such
settlement is effected without the prior written consent of the Company (which
consent shall not be unreasonably withheld).

                  8.2. BY SVI. In connection with the registration or sale of
shares of Registrable Securities pursuant to this Agreement, SVI shall indemnify
the Company, and each of its directors, officers, employees, agents, and
Affiliates, and each underwriter, and each of its directors, officers,
employees, agents, and Affiliates, against all claims losses, damages and
liabilities (or actions in respect thereof) arising out of or based on any
untrue statement (or alleged untrue statement) of a material fact contained in
any such registration statement or prospectus, or any omission (or alleged
omission) to state therein a material fact required to be stated therein or
necessary to make the statements therein not misleading, and will reimburse the
Company and such directors, officers, partners, underwriters, or control person
for any legal or any other expenses reasonably incurred in connection with
investigating or defending any such clam, loss, damage, liability, or action, in
each case to the extent, but only to the extent, that such untrue statement (or
alleged untrue statement) or omission (or alleged omission) is made in such
registration statement or prospectus, in reliance upon and in conformity with
written information furnished to the Company by SVI, and stated to be
specifically for use therein; provided, however, that the obligations of SVI
hereunder shall not apply to amounts paid in settlement of any such claims,
losses, damages, or liabilities if such settlement is effected without the prior
written consent of SVI, which consent shall not be unreasonably withheld; and
provided that in no event shall any indemnity under this paragraph 8.2 exceed
the net amount of proceeds from the offering received by SVI.

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<PAGE>

                  8.3. PROCEDURE. Each party entitled to indemnification under
this paragraph 8 (the "Indemnified Party") shall give notice to the party or
parties required to provide indemnification (the "Indemnifying Party") promptly
after such Indemnified Party has actual knowledge of any claim as to which
indemnity may be sought, and shall permit the Indemnifying Party to assume the
defense of such claim or any litigation resulting therefrom, shall be reasonably
acceptable to the Indemnified Party. Failure to give notice as provided herein
shall not relieve the Indemnifying Party of its obligations under this paragraph
to the extent such failure is not prejudicial. No Indemnifying Party, in the
defense of any such claim or litigation, shall, except with the consent of each
Indemnified Party, consent to entry of any judgment or enter into any settlement
that does not include as an unconditional term thereof the giving by the
claimant or plaintiff to such Indemnified Party of a release from all liability
in respect to such claim or litigation. Each Indemnified Party shall furnish
such information regarding itself or the claim in question as an Indemnifying
Party may reasonably request in writing and as shall be reasonably required in
connection with defense of such claim and litigation resulting therefrom.

                  8.4. CONTRIBUTION. If the indemnification provided for in this
paragraph 8 is held by a court of competent jurisdiction to be unavailable to an
Indemnified Party with respect to any loss, liability, claim, damage, or expense
referred to therein, then the Indemnifying Party, in lieu of indemnifying such
Indemnified Party hereunder, shall contribute to the amount paid or payable by
such Indemnified Party as a result of such loss, liability, claim, damage, or
expense in such proportion as is appropriate to reflect the relative fault of
the Indemnifying Party on the one hand and of the Indemnified Party on the other
in connection with the statements or omissions that resulted in such loss,
liability, claim, damage, or expense as well as any other relevant equitable
considerations. The relative fault of the Indemnifying Party and of the
Indemnified Party shall be determined by reference to, among other things,
whether the untrue or alleged untrue statement of a material fact or the
omission to state a material fact relates to information supplied by the
Indemnifying Party or by the Indemnified Party and parties' relative intent,
knowledge, access to information, and opportunity to correct or prevent such
statement or omission.

                  8.5. CONFLICTING PROVISIONS. Notwithstanding the foregoing, to
the extent that the provisions on indemnification and contribution contained in
any underwriting agreement entered into in connection with a registration are in
conflict with the foregoing provisions, the provisions of the underwriting
agreement shall control.

         9. INFORMATION BY SVI. SVI shall furnish to the Company in writing such
information regarding SVI and the distribution proposed by SVI as the Company or
underwriters may reasonably request in writing and as shall be reasonably
required in connection with any registration, qualification, or compliance
referred to in this Agreement.

         10. ALLOCATION OF REGISTRATION OPPORTUNITIES. In any circumstance in
which all of the Registrable Securities and other outstanding shares of common
stock of the Company (the "Other Shares") requested and entitled to be included
in a demand registration cannot be so included as a result of limitations on the
aggregate number of shares of Registrable Securities and Other Shares that may
be so included, or in case of an Underwriters' Cutback, the number of shares of
Registrable Securities and Other Shares that may be so included shall be
allocated among SVI and other selling stockholders pro rata on the basis of the
number of shares of Registrable Securities and Other Shares held by SVI and such
other selling stockholders. If SVI or other selling stockholder does not request
inclusion of the maximum number of shares of Registrable Securities and Other
Shares allocated to him pursuant to this procedure, the remaining portion of his

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<PAGE>

allocation shall be reallocated among SVI and those other selling stockholders
whose allocations did not satisfy their requests pro rata on the basis of the
number of shares of Registrable Securities and Other Shares held by SVI and such
other selling stockholders, and this procedure shall be repeated until all of
the shares of Registrable Securities and Other Shares which may be included in
the registration on behalf of SVI and other selling stockholders have been so
allocated. Provided, however, the Company shall not limit the number of
Registrable Securities to be included in a registration pursuant to this
Agreement in order to include shares held by stockholders with no registration
rights or to include in that registration shares of stock issued to employees,
officers, directors, or consultants pursuant to any Company stock option plan,
and in such case all Registrable Securities covered by the registration shall be
sold before any such other securities are sold.

         11. SURVIVAL OF RIGHTS. The right of SVI to request registration or
inclusion in any registration pursuant to this Agreement shall terminate on the
earlier of (i) such date as all shares of Registrable Securities have been sold
by SVI, or (ii) ten years from the date hereof.

         12. DEFINITIONS. As used herein,

                  "Person" means an individual, corporation, partnership,
limited liability company, joint venture, sole proprietorship, trust or other
entity, business association or organization.

                  "Register," "registered" and "registration" refers to a
registration effected by preparing and filing a registration statement in
compliance with the Securities Act of 1933 and applicable rules and regulations
thereunder, and such other actions as may be required to cause such registration
statement to become effective or with respect to registration, qualification or
compliance under applicable state securities laws.

                  "Registration Expenses" means all expenses incurred in
effecting any registration pursuant to this Agreement, including, without
limitation, all registration, qualification, and filing fees, printing expenses,
fees and disbursements of custodians, fees and disbursements of counsel for the
Company and its independent certified public accountants, blue sky fees and
expenses, and reasonable fees and disbursements of one counsel chosen by SVI,
but shall not include Selling Expenses.

                  "Registrable Securities" means the Integrity Shares, plus any
shares issued as a dividend or other distribution with respect to, or in
exchange for, or in replacement of, the Integrity Shares; provided, however,
that shares shall cease to be Registrable Securities if and when (a) they are
sold pursuant to Rule 144 under the Securities Act or a registration statement
under the Securities Act or (b) such shares are eligible for resale pursuant to
Rule 144 under the Securities Act without regard to any volume limitations
thereunder.

                  "Rule 144" means Rule 144 as promulgated by the SEC under the
Securities Act, as such Rule may be amended from time to time, or any similar
successor rule that may be promulgated by the SEC.

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<PAGE>

                  "Rule 145" means Rule 145 as promulgated by the Commission
under the Securities Act, as such Rule may be amended from time to time, or any
similar successor rule that may be promulgated by the SEC.

                  "Security" has the same meaning as in Section 2(1) of the
Securities of 1933, as amended.

                  "Selling Expenses" means all underwriting discounts, selling
commissions and stock transfer taxes applicable to the sale of Registrable
Securities, and fees and disbursements of counsel for SVI (other than the fees
and disbursements of one counsel for SVI included in Registration Expenses).

                  "Underwriters' Cutback" means a reduction in the number of
shares to be included in any underwritten offering as the result of receipt of
written notice from the representative(s) of the underwriters to the effect that
the number of shares requested to be included in such registration exceeds the
number which, in the representative's judgment, can be sold in an orderly manner
in such offering within a price range acceptable to either the Company (in a
primary registration) or the majority of the holders initially requesting such
registration (in a secondary registration).

                                                SVI HOLDINGS, INC.

                                                By: ____________________________
                                                Name: __________________________
                                                Title: _________________________

                                                INTEGRITY HOLDINGS, LTD.

                                                By: ____________________________
                                                Name: __________________________
                                                Title: _________________________

                                       10CERTIFICATE ESTABLISHING AND DESIGNATING
                   THE RIGHTS, PREFERENCES AND RESTRICTIONS OF
                           SERIES A PREFERRED STOCK OF
                      DIGITAL COMMERCE INTERNATIONAL, INC.

         Pursuant to the  provisions  of Section 151 of the General  Corporation
Code of the  State of  Delaware,  as  amended,  and  pursuant  to the  authority
expressly  vested in the Board of Directors of Digital  Commerce  International,
Inc.,  a  Delaware  corporation  (the  "Corporation"),  by  Article  IV  of  the
Certificate of Incorporation  of the Corporation,  the Board of Directors of the
Corporation,  acting by unanimous  written consent dated as of _________,  fixed
and  determined the voting rights,  designations,  preferences,  qualifications,
privileges,  limitations,  restrictions,  options and other  special or relative
rights of a series of the  Corporation's  Series A Preferred Stock,  hereinafter
designated as the "Series A Preferred  Stock,"  consisting of 500,000  shares of
the Corporation's  total  ________shares  of authorized  preferred stock, not of
which (prior to the filing of this Certificate) have been designated.

         The undersigned, the duly elected and acting president and secretary of
the  Corporation,   respectively,   hereby  certify  and  acknowledge  that  the
resolutions  set forth  immediately  below  were duly  adopted  as such  written
consent resolution:

         RESOLVED,  that  pursuant  to the  authority  vested  in the  Board  of
Directors of the Corporation by the Corporation's  Certificate of Incorporation,
as amended,  a series of preferred  stock of the  Corporation be, and hereby is,
created out of the  authorized  but unissued  shares of the capital stock of the
Corporation,  such series to be designated  Series A Preferred Stock, to consist
of 500,000  shares,  par value $0.001 per share,  of which the  preferences  and
relative and other rights, and the  qualifications,  limitations or restrictions
thereof,  shall  be (in  addition  to  those  set  forth  in  the  Corporation's
Certificate of Incorporation, as amended) as follows:

     1. Designation.

     500,000  shares of  preferred  stock shall be  designated  and known as the
"Series A Preferred  Stock." Such number of shares may be increased or decreased
by resolution of the Board of Directors of the  Corporation  after obtaining the
consent of a majority  in  interest  of the  holder(s)  of the  then-outstanding
shares of Series A Preferred Stock; provided,  that no decrease shall reduce the
number of shares of Series A Preferred Stock to a number less than the number of
shares then outstanding plus the number of such shares issuable upon exercise of
outstanding  rights,  options or  warrants  or upon  conversion  of  outstanding
securities issued by the Corporation.

     2. Dividend Provisions.

          a.   From  and  after  the  date  hereof,  when  and if the  Board  of
               Directors  of  the  Corporation   shall  declare  a  dividend  or
               distribution payable with respect to the then-outstanding  shares
               of Common Stock of the  Corporation,  the holders of the Series A
               Preferred  Stock shall be entitled to the amount of dividends per
               share in an amount equal to ten times the amount, and in the same
               form, as such Common Stock dividends that would be payable on the
               largest  number  of whole  shares of Common  Stock  into  which a
               holder's  aggregate shares of Series A Preferred Stock could then
               be  converted  pursuant  to Section 4 hereof  (such  number to be
               determined as of the record date for the determination of holders
               of Common Stock entitled to receive such dividend).

          b.   In  addition  to  Section  2(a)  above,  each  share of  Series A
               Preferred  Stock,  shall  be  entitled  to  receive  a  mandatory
               dividend  equal to ___% per year of the Original  Issue Price (as
               defined   below)   thereof.   Such  dividend   shall  be  payable
               semi-annually on each succeeding six and 12 month  anniversary of
               the first issuance,  solely by the issuance of additional  shares
               of Series A  Preferred  Stock,  at a price per share equal to the
               Original Issue Price thereof, and not in cash.

     3. Liquidation Preference; Seniority

     (a) The  Corporation  may not issue  any  additional  classes  or series of
preferred stock with a liquidation  preference,  dividend or other rights senior
or in pari pasu to the Series A Preferred  Stock  except  pursuant to Section 10
hereof.

     (b) In the  event of any  liquidation,  dissolution  or  winding-up  of the
affairs of the Corporation,  whether voluntary or involuntary,  (collectively, a
"Liquidation"),  before any payment of cash or  distribution  of other  property
shall be made to the holders of the Common Stock or any other class or series of
stock subordinate in liquidation preference to the Series A Preferred Stock, the
holders of the Series A Preferred  Stock shall be entitled to receive out of the
assets  of  the   Corporation   legally   available  for   distribution  to  its
shareholders,  the Original Issue Price per share (as appropriately adjusted for
any combinations or divisions or similar recapitalizations  affecting the Series
A Preferred Stock after issuance) and accrued and unpaid dividends  thereon (the
"Series A Liquidation  Preference").  As used herein, the "Original Issue Price"
per share is $____.

          c.   If, upon any Liquidation, the assets of the Corporation available
               for distribution to its shareholders shall be insufficient to pay
               the holders of the Series A Preferred  Stock the full  amounts to
               which  they  shall  be  entitled,  the  holders  of the  Series A
               Preferred Stock shall share ratably in any distribution of assets
               in proportion to the respective amounts which would be payable to
               them in respect of the shares held by them if all amounts payable
               to them in respect of such were paid in full  pursuant to Section
               3(b).

          d.   After the distributions described in Section 3(c) above have been
               paid,  subject to the rights of other series of  preferred  stock
               that may from  time to time come into  existence,  the  remaining
               assets  of  the   Corporation   available  for   distribution  to
               shareholders  shall be  distributed  among the  holders of Common
               Stock pro rata based on the number of shares of Common Stock held
               by each.

     4. Conversion.

     The holders of the Series A Preferred Stock shall have  conversion  rights,
through and including the Conversion  Termination  Date (as defined  below),  as
follows (the "Conversion Rights"):

     (a)  Automatic  Conversion.  Each  outstanding  share of Series A Preferred
Stock  shall  automatically  be  converted,  without  any  further  act  of  the
Corporation  or its  stockholders,  into ten (10) fully  paid and  nonassessable
shares of Common  Stock upon the  occurrence  of either (i) the  acquisition  of
control of the Company by a party not  affiliated  with current  management,  or
(ii) the  achievement  of the Company of a  cumulative  credit card  transaction
volume exceeding $2 billion ($2,000,000,000).

     (b)  Conversion  Ratio.  Each share of Series A  Preferred  Stock  shall be
converted  into ten (10) shares of Common Stock (the  "Conversion  Ratio").  The
Conversion  Ratio shall be subject to  adjustment  as set forth in  subparagraph
4(e).  No payment or  adjustment  shall be made for any  dividends on the Common
Stock issuable upon such conversion.

     (c) Mechanics of Conversion.  Upon the occurrence of the event specified in
subparagraph  (b), the  outstanding  shares of Series A Preferred Stock shall be
converted automatically without any further action by the holders of such shares
and whether or not the certificates  representing such shares are surrendered to
the Corporation or its transfer agent;  provided that the Corporation  shall not
be obligated to issue to any such holder  certificates  evidencing the shares of
Common Stock issuable upon such conversion  unless  certificates  evidencing the
shares of Series A Preferred  Stock are either  delivered to the  Corporation or
any transfer agent of the  Corporation.  Conversion shall be deemed to have been
effected on the date of the  occurrence of the event  specified in  subparagraph
4(a), as the case may be, and such date is referred to herein as the "Conversion
Date."  Subject to the  provisions  of  subparagraph  4(e)(vii),  as promptly as
practicable  thereafter the  Corporation  shall issue and deliver to or upon the
written order of such holder a  certificate  or  certificates  for the number of
full shares of Common Stock to which such holder is entitled and a check or cash
with respect to any  fractional  interest in a share of Common Stock as provided
in subparagraph 4(e). Subject to the provisions of subparagraph  4(e)(vii),  the
person in whose name the certificate or certificates  for Common Stock are to be
issued shall be deemed to have become a holder of record of such Common Stock on
the applicable Conversion Date.

         (d)      No Fractional Shares and Certificate as to Adjustments.

                  (i) No fractional  shares shall be issued upon the  conversion
of any share or shares of the Series A Preferred Stock, and the number of shares
of Common Stock to be issued shall be rounded to the nearest whole share.

                  (ii) Upon the occurrence of each adjustment or readjustment of
the Series A Conversion Price pursuant to Section 4(e), the Corporation,  at its
expense,  shall promptly  compute such  adjustment or readjustment in accordance
with the terms hereof and prepare and furnish to each holder of shares of Series
A Preferred  Stock a certificate  setting forth such  adjustment or readjustment
and showing in detail the facts upon which such  adjustment or  readjustment  is
based. The Corporation shall, upon the written request at any time of any holder
of Series A Preferred  Stock,  furnish or cause to be furnished to such holder a
like certificate  setting forth (i) such adjustment and  readjustment,  (ii) the
Series A Conversion Price at the time in effect,  and (iii) the number of shares
of Common  Stock and the  amount,  if any, of other  property  which at the time
would be received upon the conversion of a share of Series A Preferred Stock.

          (e)  Conversion  Ratio  Adjustments.  The  Conversion  Ratio  shall be
     subject to adjustment from time to time as follows:

                  (i) Common Stock Issued at Less Than the Conversion  Ratio. If
the  Corporation  shall issue any Common Stock  without  consideration  or for a
consideration  per share less than the  Conversion  Ratio in effect  immediately
prior to such issuance, the Conversion Ratio in effect immediately prior to each
such issuance shall  immediately  (except as provided below) be adjusted so that
the owners of the  Series A  Preferred  Stock are not  diluted in terms of their
ownership of the Corporation.

                  (ii)  Stock  Dividends,  Subdivisions,   Reclassifications  or
Combinations.  If the  Corporation  shall  (i)  declare  a  dividend  or  make a
distribution  on its Common Stock in shares of its Common Stock,  (ii) subdivide
or reclassify  the  outstanding  shares of Common Stock into a greater number of
shares,  or (iii)  combine or  reclassify  the  outstanding  Common Stock into a
smaller  number of  shares,  the  Conversion  Ratio in effect at the time of the
record date for such  dividend or  distribution  or the  effective  date of such
subdivision,  combination or reclassification shall be proportionately  adjusted
so that the holder of any shares of Series A  Preferred  Stock  surrendered  for
conversion  after such date shall be entitled to receive the number of shares of
Common  Stock  which he would have owned or been  entitled  to receive  had such
Series  A  Preferred  Stock  been  converted  immediately  prior  to such  date.
Successive  adjustments in the Conversion Ratio shall be made whenever any event
specified above shall occur.

                  (iii) Other Distributions. In case the Corporation shall fix a
record  date for the making of a  distribution  to all  holders of shares of its
Common  Stock (i) of shares of any class other than its Common  Stock or (ii) of
evidence of  indebtedness  of the  Corporations  or any  Subsidiary  or (iii) of
assets   (excluding   cash   dividends  or   distributions,   and  dividends  or
distributions  referred to in subparagraph  5(f) (iii) above), or (iv) of rights
or warrants (excluding those referred to in subparagraph 4(e)(i) above), in each
such case the  Conversion  Ratio in effect  immediately  prior  thereto shall be
reduced immediately thereafter to the price determined by dividing (1) an amount
equal to the difference  resulting from (A) the number of shares of Common Stock
outstanding on such record date multiplied by the Conversion  Ratio per share on
such record date,  less (B) the fair market value (as determined by the Board of
Directors,  whose determination shall be conclusive) of said shares or evidences
of indebtedness or assets or rights or warrants to be so distributed, by (2) the
number  of  shares  of  Common  Stock  outstanding  on such  record  date.  Such
adjustment shall be made  successively  whenever such a record date is fixed. In
the event that such  distribution  is not so made, the Conversion  Ratio then in
effect shall be readjusted, effective as of the date when the Board of Directors
determines not to distribute  such shares,  evidences of  indebtedness,  assets,
rights or warrants, as the case may be, to the Conversion Ratio which would then
be in effect if such record date had not been fixed.

                  (iv) Consolidation, Merger, Sale, Lease or Conveyance. In case
of any  consolidation  with or merger of the  Corporation  with or into  another
corporation,  or in case of any sale, lease or conveyance to another corporation
of the assets of the Corporation as an entirety or substantially as an entirety,
each  share  of  Series  A  Preferred   Stock  shall  after  the  date  of  such
consolidation,  merger, sale, lease or conveyance be convertible into the number
of shares of stock or other securities or property (including cash) to which the
Common Stock issuable (at the time of such consolidation, merger, sale, lease or
conveyance) upon conversion of such share of Series A Preferred Stock would have
been entitled upon such consolidation, merger, sale, lease or conveyance; and in
any such case, if necessary, the provisions set forth herein with respect to the
rights  and  interests  thereafter  of the  holders  of the  shares  of Series A
Preferred  Stock  shall be  appropriately  adjusted so as to be  applicable,  as
nearly as may  reasonably  be, to any  shares  of stock or other  securities  or
property  thereafter  deliverable  on the  conversion  of the shares of Series A
Preferred Stock.

     (f) Rounding of Calculations;  Minimum  Adjustment.  All calculations under
this  subparagraph  (f) shall be made to the nearest  cent or to the nearest one
hundredth  (1/100th)  of a  share,  as the case may be.  Any  provision  of this
paragraph 5 to the contrary  notwithstanding,  no adjustment  in the  Conversion
Ratio shall be made if the amount of such  adjustment  would be less than $0.05,
but any such amount  shall be carried  forward and an  adjustment  with  respect
thereto shall be made at the time of and together with any subsequent adjustment
which,  together  with such  amount  and any other  amount or amounts so carried
forward, shall aggregate $0.05 or more.

     (g) Timing of Issuance of Additional Common Stock Upon Certain Adjustments.
In any case in which the provisions of this  subparagraph (e) shall require that
an  adjustment  shall become  effective  immediately  after a record date for an
event,  the Corporation may defer until the occurrence of such event (A) issuing
to the  holder of any share of Series A  Preferred  Stock  converted  after such
record date and before the  occurrence  of such event the  additional  shares of
Common Stock issuable upon such conversion by reason of the adjustment  required
by such  event  over and above the  shares of Common  Stock  issuable  upon such
conversion  before giving effect to such  adjustment and (B);  provided that the
Corporation  upon  request  shall  deliver  to such  holder  a due bill or other
appropriate instrument evidencing such holder's right to receive such additional
shares upon the occurrence of the event requiring such adjustment.

     (h) Statement Regarding Adjustments. Whenever the Conversion Ratio shall be
adjusted as provided in subparagraph 4(e), the Corporation shall forthwith file,
at the office of any transfer agent for the Series A Preferred  Stock and at the
principal  office of the  Corporation,  a statement  showing in detail the facts
requiring such adjustment and the Conversion Ratio that shall be in effect after
such adjustment,  and the Corporation  shall also cause a copy of such statement
to be sent by mail,  first class  postage  prepaid,  to each holder of shares of
Series A Preferred Stock at its address appearing on the Corporation's  records.
Each  such  statement  shall be  signed  by the  Corporation's  Chief  Financial
Officer, if applicable. Where appropriate, such copy may be given in advance and
may be included as part of a notice  required to be mailed under the  provisions
of subparagraph 4(j).

     (i) Notice to Holders.  In the event the Corporation  shall propose to take
any  action of the type  described  in clause (i) (but only if the action of the
type  described in clause (i) would result in an  adjustment  in the  Conversion
Ratio),  (iii),  (iv) or (v) of subparagraph  4(e), the  Corporation  shall give
notice to each holder of shares of Series A Preferred  Stock,  in the manner set
forth in subparagraph  4(i), which notice shall specify the record date, if any,
with respect to any such action and the approximate date on which such action is
to take place.  Such notice shall also set forth such facts with respect thereto
as shall be  reasonably  necessary to indicate the effect of such action (to the
extent  such effect may be known at the date of such  notice) on the  Conversion
Ratio and the number,  kind or class of shares or other  securities  or property
which  shall be  deliverable  upon  conversion  of shares of Series A  Preferred
Stock.  In the case of any action  which  would  require  the fixing of a record
date,  such  notice  shall be given at least 10 days prior to the date so fixed,
and in case of all other  action,  such  notice  shall be given at least 15 days
prior to the taking of such proposed action. Failure to give such notice, or any
defect therein, shall not affect the legality or validity of any such action.

         (j)  Treasury Stock. For the purposes of this paragraph 5, the sale
or other  disposition of any Common Stock  theretofore held in the Corporation's
treasury shall be deemed to be an issuance thereof.

         (k)  Costs.  The  Corporation  shall  pay all  documentary,  stamp,
transfer or other  transactional  taxes attributable to the issuance or delivery
of shares of Common  Stock upon  conversion  of any shares of Series A Preferred
Stock;  provided  that the  Corporation  shall not be  required to pay any taxes
which may be payable in respect of any  transfer  involved  in the  issuance  or
delivery  of any  certificate  for such  shares in a name other than that of the
holder of the shares of Series A Preferred Stock in respect of which such shares
are being issued.

     (l) Reservation of Shares.  The  Corporation  shall reserve at all times so
long as any shares of Series A Preferred  Stock  remain  outstanding,  free from
preemptive  rights,  out of its treasury stock (if applicable) or its authorized
but  unissued  shares  of Common  Stock,  or both,  solely  for the  purpose  of
effecting the conversion of the shares of Series A Preferred  Stock,  sufficient
shares of Common Stock to provide for the conversion of all  outstanding  shares
of Series A Preferred Stock.

     (m) Approvals. If any shares of Common Stock to be reserved for the purpose
of conversion of shares of Series A Preferred Stock require registration with or
approval  of any  governmental  authority  under any Federal or state law before
such  shares  may be  validly  issued or  delivered  upon  conversion,  then the
Corporation  will in good faith and as  expeditiously  as  possible  endeavor to
secure such  registration  or approval,  as the case may be. If, and so long as,
any Common  Stock into  which the  shares of Series A  Preferred  Stock are then
convertible is listed on any national securities exchange, the Corporation will,
if  permitted  by the  rules of such  exchange,  list and  keep  listed  on such
exchange,  upon  official  notice of  issuance,  all shares of such Common Stock
issuable upon conversion.

     (n) Valid  Issuance.  All shares of Common  Stock  which may be issued upon
conversion  of the shares of Series A Preferred  Stock will upon issuance by the
Corporation be duly and validly issued,  fully paid and  nonassessable  and free
from all taxes, liens and charges with respect to the issuance thereof,  and the
Corporation  shall take no action which will cause a contrary result  (including
without limitation, any action which would cause the Conversion Ratio to be less
than the par value, if any, of the Common Stock).

     5. No Impairment. The Corporation will not, by amendment of its Certificate
of Incorporation or through any  reorganization,  recapitalization,  transfer of
assets,  consolidation,  merger, dissolution,  issuance or sale of securities or
any other voluntary action, avoid or seek to avoid the observance or performance
of any of the terms to be observed or performed  hereunder  by the  Corporation,
but will at all  times  in good  faith  assist  in the  carrying  out of all the
provisions  hereof and in the taking of all such action as may be  necessary  or
appropriate  in order to protect  the Series A  Conversion  Rights and  Exchange
Right of the holders of the Series A Preferred Stock against impairment.

     6. Notices.

     Any notice required by the provisions  hereof to be given to the holders of
shares of Series A Preferred  Stock shall be deemed given on the date of service
if served  personally on the party to whom notice is to be given, or on the date
of transmittal of services by facsimile transmission to the party to whom notice
is to be given, and addressed to each holder of record at his address  appearing
on the books of the Corporation.

     7. Voting  Rights.  Holders of Series A  Preferred  Stock shall have voting
rights equal to that of ten (10) Common  Shares on all matters,  including  with
respect to the election of directors of the Corporation.

     8. Protective Provisions

     (a)  Subject to the rights of any series of  preferred  stock that may from
time to time come into  existence,  so long as any shares of Series A  Preferred
Stock are  outstanding,  the  Corporation  shall not without first obtaining the
approval (by vote or written consent,  as provided by law) of all of the holders
of at least a  majority  of the  then-outstanding  shares of Series A  Preferred
Stock, voting separately as a series:

                  (i) Amend its  Certificate  of  Incorporation  so as to affect
adversely  the  shares  of  Series  A  Preferred  Stock  or any  holder  thereof
(including by creating any additional  classes or series of preferred stock with
a  liquidation  preference,  dividend  or other  rights  senior to the  Series A
Preferred

                  (ii) Change the rights of the holders of the Series A Prefered
Stock in any other respect.

     8. Status of Converted Stock. In the event any shares of Series A Preferred
Stock shall be converted  pursuant to Section hereof, the shares so converted or
exchanged shall be canceled and shall not be reissuable by the Corporation.  The
Certificate of Incorporation of the Corporation  shall be appropriately  amended
to effect the corresponding  reduction in the Corporation's  authorized  capital
stock."

     IN WITNESS WHEREOF,  said Digital Commerce  International,  Inc. has caused
this  Certificate  of  Designation  to be  signed  by  Michael  Kang,  its Chief
Executive  Officer and John W. Combs,  its Secretary this _____ day of February,
2000.

                                            Digital Commerce International, Inc.

                                        By:
                                           -------------------------------------
                                           Michael Kang, Chief Executive Officer

                                        By:
                                           -------------------------------------
                                           John W. Combs, Secretary

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