Document:

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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:

-------------------------------------
David Vey

Oak Harbor Investment Properties, L.L.C.

----------------------------------------
David Vey
President

                                       3<PAGE>

                                  EXHIBIT 10.89

                                   ASSIGNMENT

     WHEREAS, Sedona Corporation (the "Assignor") is indebted to David R. Vey
(the "Assignee"), which debt (the "Debt") the Assignee has agreed to consolidate
and refinance (the "Refinancing"); and

     WHEREAS, pursuant to the Refinancing, the Assignor has agreed to assign to
the Assignee all of its right, title and interest in a certain account
receivable due to the Assignor from ACEncrypt (the "ACEncrypt Receivable"), with
an outstanding balance of FORTY THOUSAND and 00/100 Dollars ($40,000.00) (the
"Balance"); and

     WHEREAS, in exchange for the assignment of the ACEncrpty Receivable, the
Assignee has reduced the Debt by the Balance (the "Offset"); and

     WHEREAS, the Offset was applied to the Debt, prior to consolidation and
refinancing of the Debt into a promissory note dated October 23, 2006 in the
principal sum of ONE MILLION TWO HUNDRED THIRTEEN THOUSAND NINE HUNDRED FIFTY
TWO AND 81/100 Dollars ($1,213,952. 81) from the Assignor to the Assignee (the
"Note");

     NOW, THEREFORE, for valuable consideration, the receipt and sufficiency of
which is hereby acknowledged, the parties agree as follows:

          1.   The Assignor hereby assigns, transfers and sets over unto the
               Assignee its, successors and assigns, all of its right, title and
               interest of every kind and nature whatsoever in and to the
               ACEncrypt Receivable.

          2.   The Assignor represents and warrants that: (i) it is the sole
               owner of the ACEncrypt Receivable; (ii) it has not assigned,
               sold, encumbered, pledged or otherwise transferred the ACEncrpty
               Receivable, except as otherwise provided herein; and (iii) this
               Assignment represents a conveyance of its entire interest in the
               ACEncrpty Receivable.

          3.   The Assignor agrees that it will execute any further consent,
               document or assurance to effect the assignment of the ACEncrpty
               Receivable.

          4.   The Assignee represents and warrants that the Balance has been
               applied to the reduction of the Debt prior to the issuance of the
               Note.

     IN WITNESS WHEREOF, the Assignor and Assignee has executed this agreement
as of the date set forth herein.

Dated: as of October 23, 2006           Sedona Corporation

                                        By:
                                            ------------------------------------
                                        Name: Marco A. Emrich
                                        Title: President and CEO
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                                  EXHIBIT 10.89
                                    David Vey<PAGE>

                                  EXHIBIT 10.90

                                     WAIVER

     WAIVER dated as of October 23, 2006, by and between William W. Rucks, a
Louisiana resident ("Rucks"), and Sedona Corporation, a corporation organized
under the laws of the Commonwealth of Pennsylvania (the "Company").

     WHEREAS, on July 1, 2005, Rucks and the Company executed a binding Term
Sheet whereby Rucks agreed to provide the Company with One Million and 00/100
Dollars ($1,000,000.00) of working capital financing (the "First Loan"); and

     WHEREAS, the First Loan was evidenced by the following convertible
promissory notes: (i) a note dated July 1, 2005 in the principal amount of Two
Hundred Fifty Thousand and 00/100 Dollars ($250,000.00); (ii) a note dated
August 2, 2005 in the principal amount of Two Hundred Fifty Thousand and 00/100
Dollars ($250,000.00); and (iii) a note dated September 30, 2005 in the
principal amount of Five Hundred Thousand and 00/100 Dollars ($500,000.00)
(collectively the First Notes"), which notes grant Rucks the option to convert
all or part of the outstanding balance of each of such notes into shares of the
Company at a conversion price of $0.18 per share; and

     WHEREAS, the Company and Rucks also entered into a Loan Agreement which set
forth certain terms and conditions of the First Loan, including but not limited
to anti dilution protection for the conversion price (the "First Loan
Agreement"); and

     WHEREAS, on March 31, 2006, Rucks agreed to provide the Company with an
additional Three Hundred Thousand and 00/100 dollars ($300,000.00) of working
capital financing (the "Second Loan"), evidenced by a convertible promissory
note in such amount which grants Rucks the option to convert all or part of the
outstanding balance into shares of the Company at a price of $0.25 per share
(the "Second Note"); and

     WHEREAS, pursuant to the Second Loan, the Company and Rucks entered into a
Loan Agreement which sets forth certain terms and conditions for the Second
Loan, including, but not limited to anti dilution protection for the conversion
price (the "Second Loan Agreement"); and

     WHEREAS, the Second Loan Agreement and Second Note were replaced on May 31,
2006 by new a loan agreement (the "Third Loan Agreement"), and a new convertible
note (the "Third Note") which changed the conversion price of the Second Loan
from $0.25 per share to $.20 per share; and

     WHEREAS, pursuant to a refinancing of certain loans made by David R. Vey
("Vey") to the Company, the Company has issued a convertible promissory note
dated as of October 23, 2006 in the principal amount of Two Million Six Hundred
Ninety One Thousand Two Hundred Sixty Three and 36/100 Dollars ($2,6 91,263.36)
(the "Vey Note"), which grants to Vey the option to convert all or part of the
outstanding balance thereunder to shares of the Company at the conversion price
of $0.14 per share; and
<PAGE>

     WHEREAS, the conversion price of the Vey Note is lower than the conversion
price of the First Note and the Third Notes (the "Rucks Notes") and
consequently, the conversion price in the Rucks Notes is adjustable pursuant to
the anti dilution protection set forth the First Loan Agreement and the Third
Loan Agreement (collectively the "Rucks Loan Agreements"); and

     WHEREAS, Rucks desires to waive his right to adjust the conversion price
set forth in Rucks Notes;

     NOW THEREFORE, in consideration of the terms and conditions set forth in
this waiver, the parties hereto agree as follows:

     1.   In connection with the issuance of the Vey Note, and in accordance
          with Article 4 of the Rucks Loan Agreements, Rucks hereby waives his
          right to adjustment of the conversion price set forth in the Rucks
          Notes.

     2.   The foregoing waiver is expressly limited to the matters described in
          Section 1 hereof, and Rucks waives his right to adjustment of the
          conversion price solely in connection with the issuance of the Vey
          Note, and any amendment, or restatement of such note.

     3.   The Company acknowledges and agrees that nothing herein or otherwise
          shall be deemed a waiver of any other terms and conditions of the
          Rucks Notes or the Rucks Loan Agreements, and all other terms and
          conditions of such documents shall remain in full force and effect.

     4.   This waiver shall be governed by and construed and enforced in
          accordance with the laws of the State of Louisiana, without giving
          effect to principals of conflict of law.

     IN WITNESS WHEREOF, the undersigned has caused this waiver to be duly
executed and delivered on the date first above written.

                                        ----------------------------------------
                                        WILLIAM W. RUCKS

                                        SEDONA CORPORATION

                                        BY:
                                            ------------------------------------
                                            NAME: MARCO A. EMRICH
                                            TITLE: PRESIDENT AND CEO

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