PEERLESS SYSTEMS CORP
EXHIBIT 10.87
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<TYPE>EX-10.87
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<DESCRIPTION>EXHIBIT 10.87
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<P align="left" style="font-size: 10pt">Confidential treatment has been requested for portions of this document. This copy of the
document filed as an Exhibit omits the confidential information subject to the confidentiality
request. Omissions are designated by three asterisks (***). A complete version of this document
has been filed separately with the Securities and Exchange Commission.



<P align="right" style="font-size: 10pt">EXHIBIT 10.87



<P align="center" style="font-size: 10pt"><B>AMENDMENT NO. 21<BR>
TO THE<BR>
POSTSCRIPT SOFTWARE DEVELOPMENT LICENSE<BR>
AND SUBLICENSE AGREEMENT<BR>
BETWEEN<BR>
ADOBE SYSTEMS INCORPORATED<BR>
AND<BR>
PEERLESS SYSTEMS CORPORATION<BR>
Effective Date: January&nbsp;1, 2005</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Amendment No.&nbsp;21 (the &#147;Amendment&#148;) to the PostScript Software Development License and
Sublicense Agreement dated July&nbsp;23, 1999 (the &#147;Agreement&#148;) is between Adobe Systems Incorporated, a
Delaware corporation having a place of business at 345 Park Avenue, San Jose, CA 95110 (&#147;Adobe&#148;)
and Peerless Systems Corporation, a Delaware corporation, having a place of business at 2381
Rosecrans Avenue, El Segundo, California 90245 (&#147;Peerless&#148;).


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS, the purpose of this Amendment is to establish and revise certain royalty terms as set
forth in this Amendment.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NOW, THEREFORE, the parties agree as follows:

<P align="left" style="font-size: 10pt">1. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The following new <I>Paragraph&nbsp;1(c) </I>is hereby added to <U><B>EXHIBIT D-1</B></U> (Non-Roman Font
Programs):




<P align="left" style="margin-left:5%; font-size: 10pt">&#147;(c) <B>Kozuka Mincho and Kozuka Gothic Font Programs for Japanese Typefaces</B>: Adobe
will provide the Kozuka Mincho Pro-Regular Typeface that supports the Adobe-Japan1-4
character collection and Kozuka Gothic Pro-Medium Typeface that supports the
Adobe-Japan1-4 character collection as defined in Adobe&#146;s Technical Note #5078
(&#147;Adobe-Japan1-2 Character Collection for CID-Keyed Fonts&#148;). Generic characters
listed therein are not typeface specific. Special character set or encodings are not
provided.

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    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Identifying Trademark</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Character Collection</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000">Trademarks Owner</TD>
</TR>

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<TR valign="bottom">
    <TD align="center" valign="top">Kozuka Mincho Pro-Regular
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Adobe-Japan1-4
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Adobe Systems Incorporated</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">Kozuka Gothic Pro-Medium
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Adobe-Japan1-4
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Adobe Systems Incorporated</TD>
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<P align="center" style="font-size: 10pt">&nbsp;
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<P align="left" style="font-size: 10pt">Confidential treatment has been requested for portions of this document. This copy of the
document filed as an Exhibit omits the confidential information subject to the confidentiality
request. Omissions are designated by three asterisks (***). A complete version of this document
has been filed separately with the Securities and Exchange Commission.


<P align="left" style="font-size: 10pt">2. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>TABLE A</U> in <I>Paragraph&nbsp;3.2.1 </I>of <U><B>EXHIBIT O</B></U> (Royalty Payments and Other Fees) is
hereby deleted and replaced with the following:



<P align="center" style="font-size: 10pt">***


<P align="left" style="font-size: 10pt">3. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The following new <I>Paragraph&nbsp;9.1.5 </I>is hereby added to <U><B>EXHIBIT O</B></U> (Royalty Payments and
Other Fees):




<P align="left" style="margin-left:5%; font-size: 10pt">&#147;9.1.5 The Kozuka Mincho Pro-Regular and/or Kozuka Gothic Pro-Medium Font Programs
for Japanese Typefaces may be distributed with Licensed Systems or distributed
bundled with the Revised Object when distributed as an upgrade for a previously
distributed Licensed System, at the royalty rate of *** for each copy of each such
Font Program.

<P align="left" style="font-size: 10pt">4. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <U>TABLE K</U> in <I>Paragraph&nbsp;3.2.3 </I>of <U><B>EXHIBIT O</B></U> (Royalty Payments and Other Fees) is
hereby deleted and replaced with the following:



<P align="center" style="font-size: 10pt">***


<P align="left" style="font-size: 10pt">5. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The first table in <U><B>EXHIBIT O-1</B></U> (Royalty Payments and Other Fees for Royalty-Bearing
Components of Peerless-Branded Licensed Systems) is hereby deleted and replaced with the following:



<P align="center" style="font-size: 10pt">***


<P align="left" style="font-size: 10pt">6. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp; All other terms and conditions of the Agreement shall remain in full force and effect.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IN WITNESS WHEREOF, each of Adobe and Peerless has executed this Amendment No.&nbsp;21 to the
PostScript Software Development License and Sublicense Agreement by its duly authorized
representative.

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    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Adobe:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Peerless:</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">ADOBE SYSTEMS INCORPORATED
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">PEERLESS SYSTEMS CORPORATION</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">By: /s/ JEFF RUSSAKOW
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By: /s/ WILLIAM NEIL</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Print Name: Jeff Russakow
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Print Name: William Neil</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Title: VP, WW Sales Operations &#038; Customer Support
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Title: VP Finance, CFO</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Date: 3/30/05
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Date: March&nbsp;17, 2005</TD>
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