EXHIBIT 10.1 OMNIBUS AMENDMENT AND WAIVER This OMNIBUS AMENDMENT AND WAIVER (this "AMENDMENT"), dated as of November 27, 2006, is entered into by and between ISLAND PACIFIC, INC., a Delaware corporation (the "COMPANY"), and LAURUS MASTER FUND, LTD., a...Omnibus Amendment and Waiver • November 30th, 2006 • Island Pacific Inc • Services-prepackaged software • New York
