exv10w97



 





Exhibit 10.97




AMENDMENT TO PROMISSORY NOTE




     This Amendment to the Promissory Note (the “Note”), dated as of August 17, 2006, executed by
Sedona Corporation (the “Borrower”) payable to the order of Oak Harbor Investment Properties,
L.L.C. (the “Lender”), in the principal amount of One Million Forty Thousand Four Hundred Two
Dollars and 22/100 Cents ($1,040,402.22), is entered into as of August 1, 2007.



     Whereas, the original payment dates of the Note were (the “Payment Dates”) as
follows: (a) Borrower was to pay Two Hundred Fifty Thousand and 00/100 Dollars ($250,000.00) on
each of May 1, 2007 and May 1, 2008 together with all accrued interest on the unpaid principal as
of such payment date; and (b) the entire unpaid balance of principal and all accrued but unpaid
interest was due and payable on May 1, 2009; and



     Whereas,  Borrower has made no payments under the Note to date; and



     Whereas, Lender and the Borrower previously entered into several extensions of the
Payment Dates and desire to further extend the Payment Dates;



     Now Therefore, for good and valuable consideration, the receipt and sufficiency of
which is hereby acknowledged, the parties agree to amend the Note as follows:


1. The Payment Dates of the Note shall be further extended as follows: Borrower will make a payment
of principal in the sum of Five Hundred Thousand and 00/100 Dollars ($500,000.00) on May 1, 2008
together with all accrued and unpaid interest on the unpaid principal as of such payment date. The
entire unpaid balance of principal and all accrued but unpaid interest will be due and payable on
May 1, 2009.



2. To effectuate the foregoing, the paragraph in the Note entitled “Payment” shall be replaced in
its entirety by the following:




     “PAYMENT. Borrower will make a payment of principal in the sum of Five Hundred Thousand and
00/100 Dollars ($500,000.00) on May 1, 2008 together with all accrued and unpaid interest on the
unpaid principal as of such payment date. The entire unpaid principal balance and all accrued but
unpaid interest will be due and payable on May 1, 2009. Unless otherwise agreed or required by
applicable law, payments will be applied first to accrued unpaid interest, then to principal, and
any remaining amount to any unpaid collection costs and late charges. The annual interest rate for
this Note is computed on a 365/360 basis; that is, by applying the ratio of the annual interest
rate over a year of 360 days, multiplied by the outstanding principal balance, multiplied by the
actual number of days the principal balance is outstanding. Borrower will pay Lender at Lender’s
address shown above or at such other place as Lender may designate in writing.”



 









 




3. Capitalized terms not defined herein shall have the meanings ascribed to them in the Note.



4. Except as amended by this Amendment, the Note shall remain in full force and effect, enforceable
in accordance with its terms and Borrower hereby reaffirms and acknowledges all of its obligations
thereunder.




     In witness whereof, the parties have executed this Amendment as of the date first written
above.



	 	 	 	 	 
	 

	 	Oak Harbor Investment Properties, L.L.C.	 	 
	 
	 	 	 	 
	 

	 	 

By: David Vey
	 	 
	 
	 	 	 	 
	 

	 	Sedona Corporation	 	 
	 
	 	 	 	 
	 

	 	 

By: Marco Emrich, President
	 	 







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