Loan Note Agreement between SVI Holdings, Inc. and Datafaction (December 2000 – February 2001)

Summary

SVI Holdings, Inc. and Datafaction entered into a loan agreement where Datafaction lent SVI $500,000 at a 10% annual interest rate. The agreement was revised multiple times, adjusting the repayment date and interest calculations. SVI is required to repay the full loan amount plus interest by February 22, 2001. The agreement is signed by representatives of both companies and outlines the key financial terms and repayment obligations.

EX-10.5 2 0002.txt LOAN NOTE IN FAVOR OF DATAFACTION SVI 12707 High Bluff Dr. Suite 335 Tel ###-###-#### San Diego, CA 92130 Fax ###-###-#### To: Jonathan J. Wernick From: David Reese Date: 12/07/2000 LOAN NOTE IN FAVOR OF DATAFACTION - -------------------------------------------------------------------------------- This document sets out the terms of the loan granted to SVI Holdings, Inc. ("SVI") from Datafaction: AMOUNT: $600,000 RATE OF LOAN: 10% PER ANNUM EXPECTED DATE OF REPAYMENT: 12/22/2000 ADDITIONAL FINANCING COST: $6,652.95 CALCULATED INTEREST UP TO 12/22/2000 $3,452.05 SVI undertakes to repay Datafaction the full amount of the loan, interest and financing cost, as set out above on 12/22/2000. Signed: /S/ David Reese --------------- David Reese (SVI - Chief Financial Officer) /S/ Jonathan J. Wernick ----------------------- Jonathan J Wernick (Datafaction - General Manager) To: Jonathan J. Wernick From: Will Robberts Date: 12/26/2000 LOAN NOTE IN FAVOR OF DATAFACTION - -------------------------------------------------------------------------------- This document sets out the revised terms of the loan granted to SVI Holdings, Inc. ("SVI") from Datafaction and supercedes the loan note dated 12/07/2000: AMOUNT: $500,000 RATE OF LOAN: 10% PER ANNUM EXPECTED DATE OF REPAYMENT: 01/22/2001 CALCULATED INTEREST FROM 12/22/2000 TO 01/22/2000 $4,383.56 (32 DAYS) SVI undertakes to repay Datafaction the full amount of the loan, interest and financing cost, as set out above on 01/22/2001. Signed: /S/ Will Robberts ----------------- Will Robberts (SVI - Director of Accounting and Finance) /S/ Jonathan J Wernick ---------------------- Jonathan J Wernick (Datafaction - General Manager) To: Jonathan J. Wernick From: Will Robberts Date: 01/22/2001 LOAN NOTE IN FAVOR OF DATAFACTION - -------------------------------------------------------------------------------- This document sets out the revised terms of the loan granted to SVI Holdings, Inc. ("SVI") from Datafaction and supercedes the loan note dated 12/07/2000: AMOUNT: $500,000 RATE OF LOAN: 10% PER ANNUM EXPECTED DATE OF REPAYMENT: 02/22/2001 CALCULATED INTEREST FROM 01/22/2000 TO 02/22/2000 $4,166.67 SVI undertakes to repay Datafaction the full amount of the loan and interest, as set out above, on 02/22/2001. Signed: /S/ David Reese --------------- David Reese (Chief Financial Officer) /S/ Jonathan J Wernick ---------------------- Jonathan J Wernick (Datafaction - General Manager)