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			<p>UNITED STATES<br>
				SECURITIES AND EXCHANGE COMMISSION<br>
				Washington, D.C. 20549<br>
				<br>
				FORM 8-K<br>
				<br>
				CURRENT REPORT<br>
				<br>
				<br>
				Pursuant to Section 13 or 15(d)<br>
				of the Securities Exchange Act of 1934<br>
				<br>
				<br>
				Date of Report (Date of earliest event reported):&nbsp; December 21, 2005<br>
				<br>
				<br>
				<u>
				SOFTNET TECHNOLOGY CORP.</u><br>
				(Exact name of registrant as specified in its charter)<br>
				<br>
				<u>000-07693<br>
				</u>(Commission File Number)<br>
				<br>
				<u>Nevada</u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>74-3035831<br>
				</u>(State or other jurisdiction&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (I.R.S. Employer Identification No.)<br>
				of incorporation or organization)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>
				<br>
				1 Anderson Road, Suite 105<br>
				<u>Bernardsville, New Jersey&nbsp; 07924<br>
				</u>(Address of Principal Executive Offices Including Zip Code)<br>
				<br>
				Registrant's telephone number, including area code:&nbsp;&nbsp; <u>(908) 204-9911<br>
					<br>
				</u></p>
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			<p>Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (See General Instruction A.2. below):</p>
		</div>
		<p></p>
		<p>[&nbsp;&nbsp;]&nbsp; Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</p>
		<p></p>
		<p>[&nbsp;&nbsp;]&nbsp; Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</p>
		<p></p>
		<p>[&nbsp;&nbsp;]&nbsp; Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</p>
		<p></p>
		<p>[&nbsp;&nbsp;]&nbsp; Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</p>
		<p><u></u></p>
		<p><u></u></p>
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		<u>Item 1.01 Entry into a Material Definitive Agreement</u>
		<p></p>
		<p>On November 4, 2005, SoftNet Technology Corp. (the &ldquo;Company&rdquo;) filed a Current Report on Form 8-K reporting that on October 31, 2005, it entered into a Plan and Agreement of Reorganization (the &ldquo;Agreement&rdquo;) with Inspara, Inc., a Delaware corporation (&ldquo;Inspara&rdquo;).&nbsp; Under the terms of the Agreement, Inspara will merge with and into the Company (the &ldquo;Merger&rdquo;).&nbsp; Under the terms of the Agreement, the Merger was scheduled to close no later than November 29, 2005.&nbsp; On December 1, 2005, the Company filed a Current Report on Form 8-K reporting that the Company and Inspara had agreed to extend the closing date of the Merger to December 15, 2005.&nbsp;</p>
		<p></p>
		<p>The Company and Inspara have agreed to extend the closing date of the Merger to January 18, 2006.&nbsp; Inspara has scheduled a meeting of its shareholders to take place on January 16, 2006, for the purpose of approving the Merger.&nbsp; All other terms of the Agreement remain unchanged and in full force and effect.&nbsp; See <a name="OLE_LINK1">the Company&rsquo;s Current Report on Form 8-K filed on November 4, 2005</a>, and the Company&rsquo;s Current Report on Form 8-K filed on December 1, 2005 for a summary of additional terms of the Merger.<br>
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			<br>
			<u>Item 9.01 Financial Statements and Exhibits</u></p>
		<p></p>
		<blockquote>
			<p>(a)&nbsp;&nbsp;&nbsp; Financial Statements of Business Acquired: Not Applicable<br>
				(b)&nbsp;&nbsp; &nbsp;Pro Forma Financial Information: The required pro forma financial information<br>
				&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;will be filed with an amendment to this report within the time period required by<br>
				&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Item 9.01(b)(ii)<br>
				(c)&nbsp;&nbsp;&nbsp;&nbsp; Exhibits: The following exhibits are included as part of this report</p>
		</blockquote>
		<p></p>
		<table border="0" cellspacing="0" cellpadding="0">
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				<td valign="top" width="197">
					<p align="center"><u>Exhibit No.</u></p>
				</td>
				<td valign="top" width="74">
					<p align="center"></p>
				</td>
				<td valign="top" width="272">
					<p align="center"><u>Description</u></p>
				</td>
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				<td valign="top" width="197">
					<p align="center">2</p>
				</td>
				<td valign="top" width="74">
					<p></p>
				</td>
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					<p>Incorporated by reference to Registrant&rsquo;s Current Report on Form 8-K filed on November 4, 2005.</p>
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				<td valign="top" width="197">
					<p></p>
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				<td valign="top" width="74">
					<p></p>
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					<p></p>
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			<p><u>SIGNATURES</u></p>
		</div>
		<p></p>
		<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.<br>
			<br>
			<br>
			Dated: December 22, 2005<br>
			<br>
			<br>
			&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SOFTNET TECHNOLOGY CORP.<br>
			<br>
			&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; By:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>_/s/ _James Farinella___________________<br>
			</u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;James Farinella<br>
			&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chairman, Chief Executive Officer and President<br>
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{"company-data": {"conformed-name": "SoftNet Technology Corp.", "cik": "0000051387", "assigned-sic": "3571", "irs-number": "743035831", "state-of-incorporation": "NV", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-07693", "film-number": "06515820"}, "business-address": {"street1": "1 ANDERSON ROAD", "street2": "SUITE 105", "city": "BERNARDSVILLE", "state": "NJ", "zip": "07924", "phone": "(908) 204-9911"}, "mail-address": {"street1": "1 ANDERSON ROAD", "street2": "SUITE 105", "city": "BERNARDSVILLE", "state": "NJ", "zip": "07924"}, "former-company": [{"former-conformed-name": "T & G2", "date-changed": "20020516"}, {"former-conformed-name": "INTERNATIONAL MERCANTILE CORP", "date-changed": "19920703"}]}
Untitled Page
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):  December 21, 2005
SOFTNET TECHNOLOGY CORP.
(Exact name of registrant as specified in its charter)
000-07693
(Commission File Number)
Nevada
74-3035831
(State or other jurisdiction             (I.R.S. Employer Identification No.)
of incorporation or organization)
1 Anderson Road, Suite 105
Bernardsville, New Jersey  07924
(Address of Principal Executive Offices Including Zip Code)
Registrant's telephone number, including area code:
(908) 204-9911
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (See General Instruction A.2. below):
[  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01 Entry into a Material Definitive Agreement
On November 4, 2005, SoftNet Technology Corp. (the "Company") filed a Current Report on Form 8-K reporting that on October 31, 2005, it entered into a Plan and Agreement of Reorganization (the "Agreement") with Inspara, Inc., a Delaware corporation ("Inspara").  Under the terms of the Agreement, Inspara will merge with and into the Company (the "Merger").  Under the terms of the Agreement, the Merger was scheduled to close no later than November 29, 2005.  On December 1, 2005, the Company filed a Current Report on Form 8-K reporting that the Company and Inspara had agreed to extend the closing date of the Merger to December 15, 2005.
The Company and Inspara have agreed to extend the closing date of the Merger to January 18, 2006.  Inspara has scheduled a meeting of its shareholders to take place on January 16, 2006, for the purpose of approving the Merger.  All other terms of the Agreement remain unchanged and in full force and effect.  See
the Company's Current Report on Form 8-K filed on November 4, 2005
, and the Company's Current Report on Form 8-K filed on December 1, 2005 for a summary of additional terms of the Merger.
Item 9.01 Financial Statements and Exhibits
(a)    Financial Statements of Business Acquired: Not Applicable
(b)    Pro Forma Financial Information: The required pro forma financial information
will be filed with an amendment to this report within the time period required by
Item 9.01(b)(ii)
(c)     Exhibits: The following exhibits are included as part of this report
Exhibit No.
Description
2
Incorporated by reference to Registrant's Current Report on Form 8-K filed on November 4, 2005.
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: December 22, 2005
SOFTNET TECHNOLOGY CORP.
By:
_/s/ _James Farinella___________________
James Farinella
Chairman, Chief Executive Officer and President