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                                 EXHIBIT 10.88

                               Sedona Corporation

                             1003 West Ninth Avenue

                                    2nd Floor

                       King of Prussia, Pennsylvania 19406

                                                                November 2, 2006

Mr. David Vey
11822 Justice Avenue
Suite B-6
Baton Rouge, Louisiana 70816

Oak Harbor Investment Properties, L.L.C.
11822 Justice Avenue
Suite B-6
Baton Rouge, Louisiana 70816

          Re: Refinancing of the Obligations of Sedona Corporation ('Sedona") to
          David Vey ("Vey") and Oak Harbor Investment Properties, LLC. ("Oak
          Harbor").

Gentlemen:

     Sedona has, from time to time, borrowed funds from Oak Harbor and Vey. Vey
and Oak Harbor have agreed to refinance all of Sedona's existing obligations to
them, and Vey has agreed to provide certain additional funds to Sedona
(collectively the "Transaction"). Closing of the Transaction took place on
November 2, 2006 (the "Closing Date"). This letter will serve as an
acknowledgement of the Closing of the Transaction and delivery of the documents
described herein. The following is a summary of the various components of the
Transaction.

     I. CONSOLIDATION OF SEDONA'S OUTSTANDING OBLIGATIONS TO OAK HARBOR.

     Oak Harbor consolidated and extended the maturity date of the following
promissory notes: (i) Promissory Note dated March 13, 2003 in the principal
amount of $400,000.00 from Sedona to Oak Harbor; and (ii) Promissory Note dated
January 13, 2003 in the principal amount of $600,000.00 from Sedona to Oak
Harbor (collectively, the "Oak Harbor Notes"). On the Closing Date, Vey in
behalf of Oak Harbor, delivered to Sedona the Oak Harbor Notes, and Sedona
hereby acknowledged receipt and cancellation of the Oak Harbor Notes. In
furtherance of the consolidation and extension of the maturity of the Oak Harbor
Notes, Sedona delivered and Oak Harbor
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acknowledged receipt and execution of the following: (i) a Promissory Note dated
August 17th, 2006 in the principal amount of $1,040,402.22 from Sedona to Oak
Harbor; (ii) Exchange Agreement dated August 17th, 2006 between Sedona and Oak
Harbor; and (iii) Amended and Restated Security Agreement dated August 17th,
2006 between Sedona and Oak Harbor.

     II. CONSOLIDATION OF THE OUTSTANDING OBLIGATIONS TO VEY.

     Vey agreed to consolidate and extended the maturity date of the following
convertible promissory notes from Sedona to Vey: (i) note in the principal
amount of $50,000.00 effective as of January 13, 2005; (ii) note in the
principal amount of $50,000.00 effective as of December 18, 2003; (iii) note in
the principal amount of $50,000.00 effective as of March 30, 2005; (iv) note in
the principal amount of $75,000.00 effective as of March 25, 2005; (v) note in
the principal amount of $75,000.00 effective as of January 31, 2005; (vi) note
in the principal amount of $125,000.00 effective as of March 16, 2005; (vii)
note in the principal amount of $300,000.00 effective as of July 7th, 2004;
(viii) note in the principal amount of $500,000.00 effective as of June 4th,
2004; (ix) note in the principal amount of $50,000.00 effective as of November
6, 2003; (x) note in the principal amount of $50,000.00 effective as of April
22, 2005; (xi) note in the principal amount of $75,000.00 effective as of April
14, 2005; (xii) note in the principal amount of $75,000.00 effective as of
December 3rd, 2003; (xiii) note in the principal amount of $95,000.00 effective
as of September 22, 2005; (xiv) note in the principal amount of $100,000.00
effective as of October 8, 2004; (xv) note in the principal amount of
$120,000.00 effective as of December 22, 2005; (xvi) note in the principal
amount of $125,000.00 effective as of March 23, 2005; (xvii) note in the
principal amount of $125,000.00 effective as of June 20, 2005; (xviii) note in
the principal amount of $195,000.00 effective as of September 15th, 2004; (xix)
note in the principal amount of $200,000.00 effective as of November 18, 2004;
and (xx) note in the principal amount of $155,000.00 effective as of May 1, 2006
(collectively, the "Convertible Notes"). On the Closing Date, Vey delivered the
Convertible Notes to Sedona and Sedona acknowledged receipt and cancellation of
the Convertible Notes. In furtherance of the consolidation and extension of the
maturity of the Convertible Notes, Sedona delivered and Vey acknowledges receipt
and execution of the following: (i) a Promissory Note dated October 23, 2006 in
the principal amount of $2,691,263.36 from Sedona to Vey; (ii) Exchange
Agreement dated October 23, 2006 between Sedona and Vey; (iii) Registration
Rights Agreement dated October 23, 2006 between Sedona and Vey; and (iv)
Security Agreement dated October 23, 2006 between Sedona and Vey (the "Security
Agreement").

     III. BRIDGE FINANCING.

     From time to time, Vey made various loans to Sedona not evidenced by a
promissory note. Vey and Sedona agreed to consolidate such loans into short-term
promissory note dated as of October 23, 2006 in the principal amount of
$1,213,952.81 (the "Bridge Note"). Pursuant to the terms of the Security
Agreement, the Bridge Note was secured by a lien and security interest in the
assets of Sedona subordinate to the security interest of Oak Harbor. On the
Closing Date, Sedona executed and delivered to Vey the Bridge Note and the
Security Agreement.

     IV. LINE OF CREDIT.


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     Sedona requested and received from Vey an uncommitted line of credit in an
amount not to exceed $500,000.00 (the "Line of Credit") to be used to fund the
working capital needs of Sedona. The Line of Credit was evidenced by a Revolving
Promissory Note dated September 27, 2006, in a principal amount not to exceed
$500,000.00 (the "Revolving Note"), and a Term Sheet dated September 27, 2006
(the "Term Sheet"). Sedona's obligations under the Revolving Note is secured by
a lien and security interest in the assets of Sedona which is subordinate to the
security interest of Oak Harbor as set forth in the Security Agreement. At the
Closing, Sedona executed and delivered to Vey the Revolving Note, Term Sheet and
the Security Agreement.

     Please sign below to acknowledge your receipt of this letter and the
delivery of documents referenced herein.

                                           Very truly yours,


                                           Marco Emrich
                                           President

Accepted and Acknowledged:


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David Vey


Oak Harbor Investment Properties, L.L.C.


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David Vey
President


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