Extension Letter Agreement to Term Loan Agreement between SVI Solutions, Inc. and Union Bank of California, N.A.

Summary

This letter agreement, dated June 22, 2001, is between SVI Solutions, Inc. and Union Bank of California, N.A. It extends the term of their existing Term Loan Agreement from April 30, 2001 to June 30, 2001. All other terms and conditions of the original loan agreement remain unchanged. Both parties have agreed to this extension by signing the letter.

EX-10.19 9 ex_10-19.txt Exhibit 10.19 [Union Bank of California letterhead] June 22, 2001 VIA FACSIMILE AND FIRST-CLASS U.S. MAIL - --------------------------------------- SVI Solutions, Inc. 12707 High Bluff Drive Suite 335 San Diego, California 92130 Attention: Mr. Kevin O'Neill Chief Financial Officer Dear Kevin: Reference is made to the Term Loan Agreement, dated as of June 3, 1999, by and between SVI Solutions, Inc., a Delaware corporation (successor-by-merger to SVI Holdings, Inc., a Nevada corporation) ("Borrower"), and Union Bank of California, N.A. (the "Bank"), as amended (collectively, the "Loan Agreement"). All capitalized terms used in this letter without definition shall have the respective meanings specified in the Loan Agreement. This letter shall confirm that Bank has agreed to extend the term of the Loan Agreement from April 30, 2001 to June 30, 2001. All other terms of the Loan Agreement and the other Loan Documents are unchanged. Please indicate your agreement to the terms of this letter by signing in the space provided below. Of course, if you have any questions, please give me a call. Very truly yours, UNION BANK OF CALIFORNIA, N.A. By: /s/ Joel Steiner -------------------------------- Joel Steiner Vice President ACKNOWLEDGED AND AGREED: SVI SOLUTIONS, INC., a Delaware corporation By: /s/ Kevin O'Neill ----------------------------------------- Kevin O'Neill Chief Financial Officer